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Home My WebLink About5495 245323 M O R T G A G E • - (his wife) - Earl M. Johnson & Norrta Johnso~t__.409 S. 69th St_,___, Milwa~kee~ Wisc_ ~3214 ;ht~ mortg.i~:~~r, in consideration of the princip:il ~um specifieci in the promissory note hereafter descrit,ecl. re~- ~~•i~~ed fi•on~ OL'TDOOR RF.SORTS OF A~tERICA, INC:, a coi•poration organized and exi.ting under the Laws ~~i the State ~f Tenne~see, the Mortgagor, hereby on this___6th_~a~. ~g OCtober_ 19.7_? m~~rt~~i~,•e. to the \iortgagee the real property in St. Lucie County, Florida, described as: Lot No 906-II thlt certxin co;~dominium kno~~ n as OUTL~OR RESORTS OF A;~IERICA AT NE'f1'LF.S ISLA\D, as shown b~• plat recordeci in the Office of the Circuit Court in and for St. Lucie County, Florida, in Piat Book 16, page 1:1A throuKh IJ. THIS IS :1 PURCHASE 1f0\El' :~tORT(.AGE ~ecurit~• for the payment of the promissui•~ note of ~~hich the follo~ti~inK is a cop~-: Instollment Note and Disclosure Statement ` 7, 488.00 _ RE~Nm ~'~-t~- ~N PAYIAENT OF TAxES _ St . Lucie _Co_. ~ Florida - pUE pN CtASS 'C INTAti6161E PERSONAI PQOPERTY. D~,~~;,P~,c~ry ~t;~r' pURSW1NT TO CHAPIER 71•134. ACTS OF 197~ October 6, 1972 19 ~j~ otit,~-:'~ ~~t" ROCER POITRIIS car.~~~~ CLERK CIRq11T COURT, SL LUCIE C0, Fl~ ~rn• Value Recei~•ed, I, ~~•e or either of us promise to pay to the order of OUTUOOR RESORTS OF Jj j~.~{j~ ~1~i1...• I". V. ISU~ 111~~ JCIIJCII DCill'if~ l' iVr 1tiA~ JJ'+3J~ ~ lll A?~y ~/iiiCi i°~.C uS tlia, ii^viu~,i ~iL'i:'v~ i`.ia°.J O~~1p0 7 488. ~;~~~i~?nate in ~t•ritin~, the sum of Seven _thousand four__hundred eighty eigh~__ ~jl~ Dollars, ti~i, sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE l'H~RGE on the amount financed, payable in_____ 96 equal consecutive monthly installments of 78.00 _Qach, and the first installment ta become payaLle on the lst _day of__DeCember ~ ~ - - - ~ 1'~ ~ 2._, ancl one such installment to become due and payable on the- 1st day of each succeeding month ' t~~~til the «•hole of ~aid indebtedness (Total of Payments) is paid. In the e~ent of prepayment in full by cash ' t~~~f~~re the final in.taliment date, the unearned portion of the FINANCE CHARGE shall }~e rebated under ; t }i e Kuie oi ?8's. ~ In the e~•ent of default in the due and punctual payment of any installment on this 1~`ote for a period of thirt~~ (30) days. or if any statement, representation or ~sarranty- in .any application for the credit evidenced ' l~~• this Iv'ote is found to t~e untrue in an~• material respect, or in the event THE UNDERSIGNED. WITHOUT _ TF~E PRIOR «'RITTEti' CONSEKT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBEK (EXCEPT ~ FOR A:~'Y MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHER~VISE DISPOSE OF OR EN- ~ ~'L'DiBER OR COMbIIT ANY RREACH OF THE b10RTGAGE OR PERMIT OR SUFFER ANY LIEN TO = F;~IST O:~' THE REAL PROPERTY PL'RCNASED BY THE UIDERSIGNED AI~'D FINANCED THROUGH ~ Ti~E CREDIT EVIDE~CED BY THIS NOTE or in the e~~ent of the incompetency, insolvency (howsoever ~ t~~~idenced) or bankruptc~~ of an~~one or more of the under.iKned, then the entire remaining indebtedness then ~ ,iue shall become immediately due and pa~~aUle at the option of the holder hereof ~•ithout demand, presentment ~ ~~r notice of any kind. An~ failure of holder to exercise said option shall not constitute a w•aiver of the right tc; exercise the ~ame at any other time. ~ Time is of the essence of this Note. In the event an}• installment is not paid when due ~or within ten ~ days thereafter, the holder may collect, and the undersi~,rned a~*rees to pay a late charge on such installment in an amount equal to 5'~~ of such installment ar ~5, µ~hiche~•er is le~s, and in the e~ent this Note is coilected by law~ or thmugh an attorney at law or under advice thereof, the undersikned agrees to paS• all cost~ of collection, includink* reasonable attorney's fees and coi~rt costs to the extent permitted by Florida la~~•. The undersigned and all endorsers or other parties to thi, note jointly and sererall~ transfer, con~ey and r; a`~i~,rn to the Holder a sufficient amount of ~urh home~tead or e~cemption as may be allowed, including such homestead or exemption as may be set apart in hankruptr~•. to pa~• this note in full, with all cost~of collection, - and do hereby direct any trustee in bankruptcy ha~•ing pu.ses.ion ~f such homestead or exemption to deliver to - the Holder a sufTicient amount of property or money ~et apart a~ exempt to pay the indebtedness evidenced hereb~•, or an~• rene~•al thereof, and do hereb~•, jointly and se~•erall~•, appoint the Holder the attorney in fact for each of them, to claim any and all homestead exemptions allo~sed b~• la~+~. ;r:: A first mort~afie for the ~curity of the aforesaid indebteciness is retai~ied b~~ OUTI~OR RESORTS OF AiiER1CA, 1NC., on I.ot tia_ _in that certain Condominium known aa OUTDOOR RESORTS AT NETTLES 1`I,A\ n, and on any improvements, fixtures or after acyuired property added thereon, as shown br plat re- r~rrded in the Office of the Circuit ('ourt in and for St. Lucie ('ounty, Florida, in Plat Book 16, page 1:1A ~ throuf;h 1J. 2 ' ~G.'~~•.~ ~ ~ C~:?K ~ w ~ =z ~ ~ ._r_ a~ . . _ . :