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Home My WebLink About5470 ~ 245304 M 0 R T G A G E C$ar e s_ p~Gomer and Barbara T Comer.., _hi,~ wife . 1694 ~ MadQ1~ n.~irm,~_Mich.. r},f. mui•tgS~,~01•, in consideration of the principal sum specified in the promissor~• note hereafter descril,ed, re- ~~~•i~~e~i fr~+m OLTDOOR RF.SORTS OF A~1tERICA. INC., a corporation organized and existing under the Lati~~s ~~f the St:~te uf Tennessee, the Aiortgagor, hereb~~ on thi,_____15_th_~1~• of A~aust . 19 72_, n~~~rt~,~ii~~C~ to the 3lortgagee the real propert~~ in St. L~irie County, H'lurida. described as: Lot No.-_ 1402-D~I~ii that certain condominium knoHn as OUTDOOR RESORTS OF ADIERICA AT vETTI.ES ISLAND, as shown by plat recorded in the Office of the Circuit Court in and for St. Lueie County, ~ Florid~i, in Plat Book 16, page 1:1A through 1J. THIS IS A PL,TRCHASE 1iONEY ~IORTGAGE securit~• ~r the pa~•me~it of the promissory note of ~~•hich the follo~~•ing is a cop~ : = Installment o e and Dis~losure Statement RECEIYED • IN PAVMEHi OF AXES ; 7019 40 ~ p~ pt~t CUISS ~C' IN7AtIGIaIE PERSOruI PROPfRfV. St . LuCie , Florida S`-' ' - pOqSWNT TO CFNPTER 71-134, ACTS Of 1911. ~xed or.;c;.31 n~:e ROGEP. POITRAS ~y AUC3L1St 1-5 ~ 19 72 an anc ~d CLERK CIRC~UIT COURT, Si. UICiE 00., FUl / ~oi- ~~alue Recei~•ed, I, w•e or e~ther of us promise to pay to the order of OUTDOOR RESORTS OF .-~~iH:l~[('~, I:~'C_, P. O. Bo~ 1116, Jensen Beach, Flor ida, 33457. or any ather place as the holder hereof may ~.±~~~i~,~nate in ~.•ritin~;, the sum of Seven Thousand Nineteen and_ 40 100------- (7019 .40 ) Dollars. sum bein~? the Total of Payments referred to in the l~isclosure Statement below, which includes a FINANCE ~~i1 aRGE on the amount financed, pa~•able in_60~?X~~ equal consecutive monthly installments of I c 116.99 _each, and the first instattment to become payable on the lSth day of Septemb2r ~ - . ~ i`~ 72_, and one such installment to become due and pa3•able on the- ~~h day of each succeeding month ~ :.~,~til the ~~•hole of caid indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ; '~~~~fure the final instaliment date, the unearned portion of the FINANCE CHARGE shall be rebated under e ! h e Rule of 78's. i ~ In the e~•ent of default in the due and punctual palment of any installment on this Note for a period of ~ ~ tllirty (30) days, or if any statement, representation or w•arranty in any application for the credit evidenced this 1`~ote is found to be untrue in an~ material respect, or in the event THE UNDERSIGNED, WITHOIIT ~}{E PRIOR «'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBEB (EXCEPT ~ FnR ANY MORTGAGE ~VHICH 13 SECURITY FOR THIS NOTE) OR OTHER~'VISE DISPOSE OF OR EN- ~ C't'MBER OR COMhiIT ANY RREACH OF THE biORTGAGE OR PERMIT OR SUFFER ANY LIE;v TO ~ F..l"IST ON THE REAL PROPERT~ PURCHASED BY THE L\'DERSIGNED AND FINANCED THROUGH ~ TIIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ~ ~~~idenced) or bankruptcy of anyone or more of the under~iKned, then the entire remaining indebtedness then due shall become immediately due and paSable at the option of the holder hereof without dem :r.a, '~1~°Son±mant ~r notice of any kind. Any failure of holder to e~ercise said option shall not constitute a waiver of the right b. -~c~ exercise the same at any other time. ~ Time is of the essence of this Note. In the e~~ent an~~ installment is not paid when due or within ten " cla~-s 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. «-hiche~•er i~ less, and in the event this Note is collected by 1<~«• or through an attorney at laH or under advice thereof, the undersi~ned agrees to pay all co~ts of collection, including reasonable attorneS's fees and court costs to the extent permitted by Florida law. The undersigned and all endorsers or other partie, to this note jointly and severally transfer, conrey anci - ,~ssi~n to the Holder a sufficient amount of such home~tead or exemption as may be allowed, includin~ such h~~mestead or exemption as may be set apart in hankruptcy, to pay this note in full, with all costs of collection, ;x and do hereby direct any trustee in bankruptcy ha~ ing po~ses~ion of such homestead or exemption to deli~~er to the Holder a suflicient amount of propert~~ or money set apart as exempt to pay the indebtedness evidenced hereby~, or an~• renewal thereof, and do hereby, jointly and se~•eraliy, appoint the Holder the attorney in fact for J~ each of them, to claim at:~~ and all homestead exemptions allo~sed b~• law. j A first mortgage for the secuciSy of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF :~~ir.RICA, INC., on Lot No.14Q2_~Inlthat certain Condominium known aa OUTDOOR RESORTS AT 1`'ETTLES - E~I.A\I), and on any improvements. fixtureG or after acquired property added thereon, as shown by plat re- ~=,1 rc~rded in the Office of the Circuit Court in and for St. Lucie C'ounty, Florida, in Plat Book 16, page 1:1A ~ throu~*h 1J. ~ t,~~K ~ ~ ",1 ~TV. ~ A C~ ~ : : „ s'SF: " h ' ry t ~ ~ - `dEr ""s`~~ ~ v ":~'k,..~,..~r:_.~ s- . _ ~:'~~s~~~'_`,`.~~.