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Home My WebLink About2933 ' MORTGAGE 241446 _A. Wendell and_Betty J. Drollett,_15 Bradford Road, Duxbu~, Mass. 02332 the murt~,?agor, in consideration of the ~n•incipal sum specihed in the promissor~~ note hereafter de~~ri?.eii, re- .•t•i~•ed fron~ OL`TDOOR RF.SORTS OF AriERICA, II~TC., a corporation organized and exi,tin~ under t}-e Laws ~~f the State of Tennessee, the Mortgagor. hereby on thi~_28th_ of_ Au ust , 1~1~_, n~urtgages to the D'Iortgagee the real propei•t5• in St. Lucie Count~•, Florida, described a~: . Lot No. 1239~II in that certain condominium knuHn as OUTDOOF'~ RESORTS OF AMERICA AT NETTLES ISLAID, as sho«•n Uy plat recorded in the Ofhce of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PUR('HASE ~IONEY ~lORT(~AGF. :1. ~ecurit~• for the pa~ ment of the promissory note of ~+~hich the follo~+•ing is a co~~~• : Instailment Note and Disclosure Statement ~ 9359.40 f ti ____St. Lucie Count~_ Florida -f'•-+hr~e~'3rY S amps IM PA1fME1R af TAXES at~~~ed or~bir,al note CtASS'C iNTANGIBIE PER50N11L pRppERn~ AuQUS~2~__ 1972 and canc,eiied ~ TO t~fAP*Fq 71•13a. ACTS OF 19)1. ))t~"J ROGE^ ~ITR11S / Fc~r Va?ue Recei~~ed, I, 06~KaG~REtibheti?Ri~ yMs~~,r~ir~s~o pay to the order of OUTDOOR RESnRTS OF :1~tERI('~, INC.. P. O. Box 1116, Jensen Beach, FloriBa. 33457, or any other place as the holder hereof may ~?t~::i~nate in ~vritin~, the sum of Ni ne Th usand Three H~~red Fi fty Ni ne&40/100 ( 9359. 40 ) Dollars, tl~i. sum being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANGE (~IIARGE on the amount financed, payable in___ 60_ _______equal consecutive monthly instaUments of ; ___155.99 each, and the first installment to become payable on the lOth day of_October ~ l~1 and one such installment to become due and payable on the- lOth day of each succeeding month ~ ti?itil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash y ht•f~re the final installment date, the unearned portion of the FIIVANCE CHAPGE shall be rebateci under ~ 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 ~ ti~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced ~ i~~~ this Note is found to be untrue in any material respect, or in the e~ent THE UNDERSIGNF.D. ~'ITHOUT ~ THE PRIOR WftITTEN CONSENT OF THE HOLDER HEREOF, SNALL SELL, ENCliDiBER (EXCEPT I~'OR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHER~'VISE DISPOSE OF OR EN- C'L'MBER OB COMMIT ANY KREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO E~IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINAI~CED THROUGH THE CREDIT EVIDENCED BY TNIS :\OTE or in the event of the incompetency, insolvency (howsoever e~•idenced) ar bankruptcy of anyone or more of the undersi~ned, then the entire remaining indebtedness then ci~ie shall become immediately due and pa~~aUle at the optiun 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 I``ote. In the e~•ent an~• in,tallment is not paid when due or within ten da~ s thereafter, the holder may collect, and the ur.dersi~ned 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 is collected by ~ Ia~~• or through an attorney at law or under. advice thereof, the undersiRned agrees to pay all costs ~f collection, ~ including 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 ~everally transfer, convey and a,sign to the Nolder a sufficient amount of sueh homestead or exemption as may l>e allowed, including such~ homestead or exemption as may be set apart in bankruptc.r•, to pay this note in full, with all costs ef collection, ~ and do hereby direct any trustee in bankruptcy having pos5e~~ion of such homestead or exemption to deliver to i the Holder a sufficient amount of propert~ or money set apart as exempt to pay the indebtedness evidencedQ ~ herebl•, or any renewal thereof, and do hereby, jointly and se~•er:illy, appoint the Holder the attorney in fact for ~ each of them, to claim any and all homestead exemptions allo«~ed by laH. c~ A first mortgage for the secujrTity ef the aforesaid indebtedness is retained by OU'I'I)OOR RESORTS OF ~ A:~tERICA, INC., on Lot No. l~i?S that certain Condominium known aa OUTDOOR RESORTS AT NETTLES t ISI,ANn, 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 ('ounty, Florida, in Plat Book 16, pa~e 1:1 A t': r~,,; 1 J. ~ t- ~ . ~ i`~'A~:'= ` e~y~ '1 '*-n ; , I 4 ~ '1' +y3,Sy~y ~ ~F ~1 ~ w , 's,"F .