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HomeMy WebLinkAbout2928 ~ 241442 ~ ~ MORTGAGE 4~ 5'3? Cyu~F Ro ' l,l)r~.,~~~.~.tht,u~}Ms~7 ~L'~ST~IUt~S-~»Fr DM,w 33 thE~ murt~;agor. in consideration of the printipal sum specified in the promissory note hereafter described. re- ~•~~i~•ed fi-om OUTDOOR RF.SORTS OF ADiERICA, INC., a corporation organized and existing under the Laws ~~f the State of Tennessee, the Mort~agor, hereby on this_~_-day of 19~_`! m~~rtga~?e~ to the blortgagee the real property in St. Lucie County, Florida, descriUed as: ~ Lot No~}~____in that certain condominium kno~~•n as OUTDOOR RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat recorded in the Oflice of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE 1110NEY MORTGAGE security for the payment of the promissory note of which the follo«ing is a copy : Instaltment Note and Disclosure Statement 9 359.40 ~ ~ ~ P~~ St . Lucie County Florida ' DUE ON CIASS'+C 1NTAM6tdlE ~ER.90NA1 ~~OPERfl. • StamPs ltl1iS11AlIT TO t~iAPTfe 71•13l. ACTS OF 1111~~`,~ o~`Oi 4 191~ ';~cu"ienta~Y IiOGER POITRAS / attuc+l original twt~ CL~~II GRWFT COUIR, iT. WCiE 00~ HA, ~ . ,~c~Y"t~e Received, I, w•e or either of us promise to pay to the order of OUTDOOR RESORTS OF ; :~~iERICA, IhC., P. O. Box 1116, Jensen Beach, Flor ida, 33457, or any other place as t~~~r ~iereof may ' ~ie~i~nate in K~ritin~, the sum of Nine thousand three hundred fifty nine~9, 359.40~ Dollars, ~ t}~i~ sum beinb the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ; t'FIARGE on the amount financed, payable ir~_ 60 equal consecut_ monthly installments of 155 .99 S ~ _each, and the~'irst installment to become payable on the ~ day of~~~~ ; 1 and one such installment to become due and payable on the_ ~ S T day of each succeeding month ~i ~zntil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ 1~efore the final installment date, the unearned portion of the FII~ANCE CHAPGE shall be rebated under • E the Rule of 78's. , ~ In the event 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 v~arranty in any application for the credit evidenced ; t,~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOU'f t THE PRIOR ~'VRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL~ ENCUMBER (EXCEPT r'OR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ('LMBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT Oft SUFFER ANY LIEN TO ' F..l'IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ THE 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 ~ clue shall become immediately due and payable at the option of the holder hereof without demand, presentment ~ ~~r notice of any kind. Any failure of holder 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 Note. In the event any installment is not paid when due or within ten 4 , :s days thereafter, the holder may collect, and the undersi~?ned agrees to pay a late rharge on such installment in . an amount equal to 5`,'~ of such installment or ~5, whiche~~er is less, and in the event this Note is collected by = law~ or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, ~ ~ i~cluding reasonable attorney'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 sufPicient amount of such homestead or exemption as may be allowed. including such ~ homestead or exemption as may be set apart in bankruptcy, to pay this note in fu]l, with all costs-o~ collection, ~ and do hereby direct any trustee in bankruptcy having posses,ion of such homestead or exemption, to deliver to ~ the Holder a suflicient amount of property or money set apart as exempt to pay the indebtedness evidenced ~ hereby~, or any renewal thereof, and do hereby, jointiy and se~•erally, appoint the Holder the attorney in fact for ~ each of them, to claim any and all homestead exemptions a11oH•ed by law. ~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF ,~~1ERICA, INC., on Lot NolQ~in that certain Condominium known aa OUTDOOR RESORTS AT NETTLES ~ ISI.ANn, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- rorded in the Office of the Circuit Court in and for St. L cie County, Florida. in Pl~tt Book 16, page 1:1A through 1J. $GOx~o ! PAf,f~~ ' W ~~°~'x _ . .