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Home My WebLink About2714 . - ~ . 239134 - ~ MORTGAGE ' ~ 43017 Harold W.__Wellinqer & Martha Fulmer Wellinger, His_Wi_fe,__5155 Indian Hill Rd., Dublin, Oh~o ; the mortgagor, in consideration of the principal sum specific~d in the , promi~sor~~ not~~ hereafter cie~crii~ed, re- ~~~•i~•ed fron~ OL'TDOOR RESORTS OF AbtERICA. INC., a corporation or~?anized and exi.ting undei• th~~ La~ti~s ~~1 the State of Tennessee, the Mortgagor, hereb~ on this_ 4th _~~a,, ~~f _ August 1~ 12 , m~~rt~?a~,?e~ to the D~ortgagee the real propert~ in St. Lucie Count~•, Florida, describecl a•: Section II ; Lot No. 125.4-.-in that certain condominium kno~~n as OUTDOOR ; RESOftTS OF A:1iERICA AT \ETTLF.S ISLAi~D, xs sho~~•n Ly plzt recorded in the Office of the Circuit Court in and for St. Lucie Count~•. Florida, in Plat Book 16, page 1:1A thr~zugh 1J. ~ s THIS IS A PUftCHASE ~10\El' ~fORTGA(~E ~ i ,e~•iu•it~• for the pa~~ment of the promissory note of which the follo~~•ing i, a co~.~~~: ' ; installment Note ond Disclosure Statement ' ~7019_40 _ ~ ~ ~ ~~'M~a?~ ___St. Lucie County_ __,Florida p~ on p~s rt~Nt~sie~ ~aso~ r°o~tn. ~,+.s:~s: NcrS oF~l- August 4-- 72 wq~T m CK" : ~ - 19-- MQ.:y ?OIiPJ' ` pKlltT Sf. IUC~t 00.. F«r ~'alue Recei~~ed, I, ~~~~~er o~ us promise to pay to the order of OUTDOOR RESORTS OF :~.lif~:i:[('A, I:~C., P. O. Box 1116, Jensen Beach, Flor ida, 33457~ or any other place as the holder hereof may ~1~~~i~n~te in ~~•riting, the sum of-Seven Thousand Nineteen and 40/100 ~ 7019.40 Dollars, thi..um bein~ the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ~~fI~RGF, on the amount financed, payable in______ 60___ ___-____equal consecutire monthly instaliments of : ? 1 ~ 6.99 _-each, and the first installment to become payaUle on the 15th_day of- September . ~ 1~ and one such installment to become due and payable on the-_15th day of each succeeding month ~ until the ~~•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash _ ~ ~~~>f~~re the final installment date, the unearned portion of the FItiAI~'CE CHARGE shall be rebated under tht~ Rule of 78's. F ~ In the e~•ent of defautt in the due and punctual payment of any installment on this Note for a period of ~ ?}~ii•t~~ (30) days, or if an~ statement, representation or warranty in any application for the credit evidenced F ~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, K'ITHOU'T TF~E PRIOR ~'VR1TTEi~' CONSEI~T OF THE NOLDER HEREOF, SHALL SELL, ENGUMBEft (EXCEPT FOR A\'Y MORTGAGE ~~'HICH 13 SECURITY FOR THIS :~OTE) OR OTHER~YISE DISPOSE OF OR EN- ; ('L'MBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO F:.l'IST ON THE REAL PROPERT~' PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH TI~E CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever eti•idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ii~e shall become immediately due and payable at the option of the holcier hereof without demand, presentment ~~r notice of any kind. Any failure of holder to e~ercise said option shall not constitute a waiver of the right to exercise the same at any other time. - ~ Time is of the essence of this 1\'ote. In the e~•ent any installment is not paid when due or within ten ` ~ day~ thereafter~ the holder may coliect, and the undersi~,med agrees to pay a late charge on such installment in ~ a~~ amount equal to 5~~ of such instaliment or $5. ~hiche4er is less, and in the event this Note ia collected by O'_ ~ la«• or through an attorney at la~ or under advice thereof, the undersiRned agrees to pay all costs of collection, ~ ~ ir~cludin~ reasonable attorney's fees and court costs to the extent permitte d by F lori da la~~~. f ~ The undersigned and all endorsers or other partie~ to this note jointly and se~•erally transfer, convey and ~ a:si~?n to the Holder a suflicient amount of such homestead or exemption as ma~• be allowed, includin~ such ° ~ h~mestead or exemption as may be set apart in bankruptc~•, to pay thi~ note in fuU, ~~•ith all cost's of collection, ~ and do hereby direct any trustee in bankruptcy having po.se.~ion ~f sach homestead or exemption to deli~•er to the Holder a sufficient amount of property or money set apart a~ exempt to pay the indebtedness evidenced hereby, or any renewal 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 exemptions allo~ced b~• la~e. o~ ~ A first mortgage for the se~UeCtjy, On t~Z aforesaid indebtedness is retained by OC?TDOOR RESORTS OF atiiERICA, INC., on Lot No.1269 m~}iat certain Condominium known aa OUTDOOR RESORTS AT NFTTLES ~ ISI.AND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~ c~~rded in the Office of the Circuit Court in and for St. Lucie ('oun!y, Florida, in Plat Book 16, page 1~ l A ~~~i-„~.~,-~~ 1.! - ~ ~ , G'-~- ' ~ ~ ~ Fz ~ n ~ ~M ; ~ ~ . _ . . -