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HomeMy WebLinkAbout2724 ~ . . ' ~ ~ MORTGAGE 239142 ~ . Loren L. Thompson & Rose F. ThomQson_ 1 Nicholas Dr. _Albany~N.Y. the mortgagor, in cunsideration of the principal sum specified in the promissor~ .note hereafter described. re- ~•~~ireci frnm OUTDOOR RESORTS OF ADIERICA, INC., a corporation organized and existing under the Laws ~~f the State of Tennessee. the Mortgagor, hereby on thi~ lst-day of__ Se~tember - 19_-. murtgages to the D~ortgagee the real property in St. Lucie Connty. Florida, describeci as: Lot No. 1219'II--~n that certain condominium kno«n as OUTDOOR RESORTS OF A11iER1CA AT NETTLES ISLAND, as shown Uy plat. recorded in the Office of the Circuit Court in and for St. Lucie Count~ , Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PUftCHASE 1~lONEY ~IORTGAGE security for the payment of the promissory note of which the following is a copy: Instaliment Note and Disclosure Statement RECENED 7 Y IN PAYMENT OF TAXF~ ~ 9359.40 p~ pN CU1SS'C' ItiTANG181.E PEwSOW1l P~OPERI~• , St_ Lucfe County , Florida ~ PU~T j0 C11AP'Ep ~l•134. ACiS OF 19/t. ~ - ~ ~i ~ September 1, _ 19 72 For Value Received, 1, ~~e or either of us promise to pay to the order of OUTDOOB RESORTS OF :~~iERICA, INC., P. O. Box 1116. Jensen Beach. Flor ida, 33457. or any other place as the ho der hereof may & 40 00 de.ifinate in ~vriting, the sum ofN3~le Thangand Three 8nndrecl Fifty Nine ( ) Dollars, this sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ('HARGE on the amount financed, payable in 60 eqval consecutive monthly installments of ~___~5~_99 each, and the first. installment to become payable on the lst -day of November ~ ` 19_~? . and one such installment to become due and payable on the- lst day of each succeeding month f until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ t~efore the final installment date, the unearned portion- of the FII~'AI~'CE CHARGE shall be rebated under g the Rule of ?8's. In the e~•ent of default in the due and punctual payment of any installment on this Note for a period of thirty (30) days, or if any statement. representation or w•arranty in any application for the credit evidenced l~~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT THE PRIOR «'RITTE~' CO;`SEtiT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBEB (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHER~i~ISE DISPOSE OF OR EN- ('L'MBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFEft ANY LIEN TO EIIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH T~iE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever e~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then due shall become immediately due and payable at the option of the holder hereof without demand, presentment or notice of any kind. Any failure of inolder to exercise 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 I~'ote. In the erent any installment is not paid when due or within ten days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in ~ an amount equal to 5`,-~ of such installment or $5, whiche~-er is less, and in the event this Note ia1 collected by law or through an attorney at law or under advice thereof, the undersigned agrees to pay all casts of collection, ~ including rea.sonable attorne~'s fees and court costs to the extent permitted by Florida law. " The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and ' assign to the Holder a sufT'icient amount of such homestead or exemption as may be allowed, including such homestead or exemption as may be set apart in I~ankruptcy. to pa~ this note in full, with all costs of collection, ~ and do hereby direct any trustee in bankruptcy having posse~~ion of such homestead or exemption to deliver to the Holder a suf~'icient amount of property or money set apart as 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 eremptions alloH•ed b~- law. A first mortgage for the security of the aforesaid indebtedness is retained t~y OUTDOOR RESORTS OF A:4iERICA, INC., on Lot 1\~0._ l~in that certain Condominium known as OUTDOOR RESORTS AT NETTLES - ISLAND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- corded in the O~ce of the Circuit Court in and for St. Lucie County, Florida, in Plet Book 16. gage 1:1A through 1J. ~ ~ ~!j/~ _ f GC~t, ~.•V r c~ ~ - - - - - ~ - =~s~ F : - `i ~,,h ° ,-v=~~ _ ~ ~ _ . .