HomeMy WebLinkAbout2729 ~ ~
~ 239146 MORTGAGE
" . ~his wife)
~ Loren L. Thom~son & Rose F. Thom~son 1 Nicholas Dr. .~,lbany, N.Y.
rh~~ murt~a~,?c?1•. in ce~n,ider~ition of the principal ,um specified i~i the prumi~sor~• note hereafter descril~eci. re-
~~=i~~~~d it•o?1~ Ot'TI~nOR RF.tiORTS OF ~~1ER1('A, I~('., a r~?rporati~?n urg2Ull2C(~ and esi~ting under the I.a~~s
~~f the State uf '['e~inessee, the i~iort~;agoe•, he?•ebt• on this_ lst ~~,i~. „i September _ ~ 1~ 72 ~ :
~t2~~i'Z}(it~,~rs t~~ the ~I~,rtg~i~?ee the re~il pr~?~,ert~• i? St. Lucie (buntr. ~loridu. desrril,ed as:
I.ot \'o1Q41-II ii~ th.it certai» concio:~~inium kno~cn a~ OUTI~OR
RESORTS OF A~iF.I:ICA A'I' \ E1'TI.F.S ISLA\ I), ,e, sh~»
~•n 1~~• pl~t
rec•~?~•decl in the Oftice of the Circait l'ourt in ~~u~l fur St. Lurie ('oi~nt~-,
~'3urida, ii~ Plat Rook 16, page 1:1A through 1J.
THIS IS t'1`K('H:~tiF. ~l0\E1' ~IORT(::1GE
_i~ secw-it~• for the px~•ment oF the promi,~vr~~ note of ~~-hich the f~~llu~~~i~~~,• is a cuEn•:
Installment Note end Disclosure Statement
l~-P7
~ 6434,40 tN w?n~eR or T~s __St~ Lucie_ County , Florida
- DUE ON Ct/lS3'C IltTAN61BlE PERSONAL PR~PfRIY, _
Pttr~wvr ~o cwwT=_~ n•t~. ~s ~ ~y~t. _S~tember _ 1. - 19 72
kL' ~F? P~R~JIS /~1 -
CI.ERK CiRCiIlT C;,•~Ri, ~L lul:~E 00., ~
F~n• ~'alue Recei~•ed, I, ~~•e or either of us ~prum~~e tu pay to the arder of OL'TUOOR RESORTS OF
_-~~tERI('A, ING, N. O. Box 1116, Jezisen Beach, Florida. 33457, or anv other place as the~hAj~e~ hereof may
~~~~~i~,rnate in ~+•riting, the sum of s~ ThOUSand Four 8nndred Thirty_Four SE_6 3~~0 ~ Dollars,
Thi, ~um Ueing the Total of Pa~•ments referred to in the I)i,closure Statement below. which includes a FINANCE
('i~:~RGE on the amaunt financed, payable in.__.~ 60__ ________equal consecutive monthly installments of
107s24_____Qach, and the first installment to become payable on the lst day of_Novetuber
~
1~~ 7~, ancl one such installment to become due and pa~•able on the___ lst day of each succeeding month
until the N•hole of said indehtedness (Total nf Payments) i. paid. In the event of prepayment in full by cash
',t•fure the final instailment date, the unearned portion of the FI~A:VCE CHARGE shall be rebated under
the Rule of ^t8's.
In the e~•ent of default in the due and punctual payment of any installment on this ti'ote for a period of
thirty (30) da~•s, or if any statement, representation or ~•arrant~- in any application for the credit evidenced
E~~~ this Note is found to be untrue in an~• material respect, or in ihe erent THE UNDERSIGNED. WITHOIJ'f
~rHE PRIOR ~i~RITTEN ('O~~SE`T OF THE IIOLDER HERF.OF, SHALL SELL, ENCUMBFft (EXCEPT
i~'nR ANY MORTGAGE 1~'HI('H 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
t'L'biBEB OR COMMIT ANY RREACH OF THE b10RTGAt:E OR PF,KMIT UR SUFFER ANY LIElv TO -
~;.1'IST Oi`' THE REAL PROPERTl" I'LIRCHASED BY THE U\nERSIGi~'F.D AND FINANCED THROUGH ~
TIiE CREDIT EVIIIE\CEn BY THIS \'OTE or in the e~•ent of the incompetency, insolvency (howsoever
«~.~idenced) or hankruptc~• of an~•one or more of the under.i}~ned, then the entire remaining indebtedness then
~1ue shall become immediatel~~ due anci pa~~able at the opti~~n c?f the holder hereof H•ithout demand, presentment
i~r notice of any kind. Any failure of hc~lder to esercise ~aid option .hall not constitute a~caiver of the right
tc~ exercise the same at any other time.
Time ia of the essence of this \ote. In the e~~ent an~• in.tallment i: not paid when due or within ten
tiays thereafter, the holder may collect, and the undersi~;ned a~,rree. t~~ pay a late char~*e on such installment in
xn amount equal to 5': of such installment or ~5. ~chiche~-er i: les.. and in the e~ent this Note is cotlected by
laH~ or through an attorney at Ixw• or imder advice there~?f, the under~iKneci agree:+ to pa~- all costg of collection~
includinK reasonable attorne~~'~ fees and court costs to the e.r-tent permitted },ti~ Florida ]xtir.
The undersignecl and all endor~ers or other partie~ to thi~ note i~~i:itl~~ and se~•erall~~ transfer, convey and
a~si~:n to the Holder a sufTicient amount of such home~tcad ur exemption as ma~~ I~e aliowed, including such
hc~mestead or exemption as may be set apart in hankru~tc~•, to F?.~~~ thi~ note in ftill, ~ti•ith xil cost~ +of coliection.
and do hereby direct any trustee in bankruptcy ha~~ing pu:,e:•ic»i c~f ,uch humestead or eren~ptio?f'~ deliver to
the Holder a sufficient amount of propert~~ or money ~et aF~:+rt as exempt to ~a~• the i?~debtedness evidenced
hereLy, or ant- rene~val thereof, atld do hereil~•, jointi~• :~iul .~•~~e?•all~•, ap~i?iY the Hc~lder the attorney in fact for
Pach of them, to claim any and aU hc~mestead e~emptiais ,ilk~~.~ed I,~• la~c.
A first mort~a~;e for tt~e04~curif~~ of the afuresaid indet,tedness is retained i,~• OUTI~OR RESORTS OF
:~~tERICA, INC., on I.ot No. _~1_~n that certain Condominium known aa OUTDOOR KESORTS AT NETTLES
l~I.AND, and on any improvements, fixtures or after acquired pmperty added thereon, as shown by plat re-
r~~rded in the Office of the Circuit ('ourt in ancl far St. I,ucie ('~unty. Florida. in PlBL Book 16, page 1:1A
through 1J. EOUKzVs PAGE~
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