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Home My WebLink About2709 ' " 239130 • M 0 R T G A G E -~~~f~ ~ Howard C. & Thekl a M. Bel l~ d~~t~lt~Oti~lt~tf4~~.__5524_ N FPdPra l_ ~nver, . C~,o. th~~ murt~;agor, in consideration of the principal sum specified in the promissor~• note hereafter de•cr~~~ed, re- ~~~~i~~c:cl fiY?m OL'TDOOR RESORTS OF Ab1ERICA, ING.. corporation arganizzd and existing_~sader h.~ I.a~rs ~~f the ~tate of Te~u~essee, the hiortgagor, hereby on thi._ ___?4th of__ Mdl^Ch_ _ _ , t+,~72 r~~~~rt~,~iige. to the :~iortg~gee th~ real property in St. Lucie ('uunt~•, Florida, described a~: ~ Lot No.11Q5~II _in that certain condominium knu~~•n as OUTDOOft , ~ RESORTS OF ADiERICA AT NETTI.ES ISLA:~D, a~ sho~~•n by plat ~ recorded in the ORice of the Circuit Court in and for St. Lucie C~ounty. Florida, in Plat Book 16. page 1:1A through 1J. • TH[S IS A PURCHASE ~l0\E1 \10RTGA(~E ~~~c•urit~~ for the pa~•ment of the piromissory note of ~~hich the follo~~•ing is a coF~•: ~Installment Note and Disclosure Statement ~ 11~270. 4Q _ ~ St. Luci e COU11t1r_ _T, F~orida ; March 24 _ _ _ i9 72 _ F~~r ~'alue Recei~•ed, I, H•e or either of us_. promise to pay to the order of OUTUOOR RESORTS OF :1 ~14~:[:I('~, INC., P. O. Box 1116, Jensen Beach, " Flor ida. 33457, or any other place as the holder hereof may ~ ~I~~~i~,~nate in ~+•ritin~;, the sum of~~7h.QU5s~lld~1~ HUndred Seventy and ~100 (11~2ZQ~4Q) Dollars, _ thi~ ~um bein~; the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE t 3:~ kGE on the amount financerl, payable irL-___ 96__ _______--equal consecutive monthly installments of ? _ 11Z.4~ _-each, and the first installment to become payable on the lst day of- ~une__ ; 1 ~ 72 , and one such instaliment to become due and payaUle on the 1 S t day of each succeeding month ; ;~~~til the ~~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by ca.sh f ~~~•f~~re the final installment date, the unearned portion of the FI~'ANCE CHARGE shall be rebated under ~ ~he Rule of 78's. ~ In the e~•ent of default in the due and punctual pa~~ment of any installment on this Note for a period of ~ tt~ii•tr (30) days. or if any statement, representation or warranty in any application for the credit evidenced _ ~ t~~- this Note i~ found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOiJT ~ TFIE PRIOR «'RITTEN CONSENT OF THE HOLUER HEREOF, SHALL SELL, ENCUMBER (E~CEPT ~ F(lR ANY MORTGAGE ~VHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPUSE OF OP. EN- : c~t':vIBER OR COMMIT ANl' RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO F:1IST Oti THE REAL PROPERTY PURCHASED BY THE U\'DERSIGNED AND FINANCED THROUGH TIIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (hoKSOever c~~-idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~lue shall become immediately due and payable at the option of the holder hereof without demand, presentment ~ notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right t>> exercise the same at any other time. ~ . Time is of the essence of this Note. In the e~~ent an~• installment is not paid when due or within ten clays thereafter, the holder may collect, and the undersi~;ned a~;rees to pay a late charge on such installment in <in amount equal to 5`.,~~ of such installment or ~5. Hhiche~•er is le~., and in the event this Note ie collected by ~ la.~• or throuKh an attorney at law or under advice thereof, the undersi~ned agrees to pay all costs of collection, k~ includin~ reasonable attorney's fees and court costs to the extent permitted by Florida laH. ~ The undersi ed and all endorsers or other arties to this note ~ointl~ and se~•erally transfer, con~ey and ~ F 8'n P J ~ .~~~i~,•n to the H~lder a sufticient amount of such homestead or exemption as may be allowed, incJudinQ such h~~mestead or eremption as may be set apart in bankruptc~•, to pay this note in full, with all costs~nf collection, ~ ~ ~~nd do hereby direct any trustee in bankruptcy having pos~e.~ion of such homestead or exemption to deliver to ~ the Holder a sufficient amount of property or money set apart a~ exempt to pay the indebtedness evidenced ~ h~reb}•, or an~~ rene«al thereof, and do hereby, jointly and se~•erall~•, appoint the Holder the attorney in fact for ~ each of them, to claim any and all homestead exemptionc allo~~~ed t?~• la~~•. ~ ~ A first mortgage for the security of the aforesaid indel~teciness is retained by OUTDOOR RESOR'CS OF ~ :~~tERICA, INC., on I.ot No~105/II~n that certain Condominium known ss OUTDOOR RESORTS AT NETTLES ' ItiI.Ati'I), and on any improvements, fixtures or -after ac~uired property added thereon, as shown Ly plat re- ~~~~rded in the Office of the Circuit Court in and for St. Lucie ('ounty, Florida, in Plst Book 16, paRe 1:1A t},~•~,,,~h l.i - - . . , . - ~ ~ F ~ „ . ~ ~ , ~ ~ _ ~ ' . ' _ ti