Loading...
HomeMy WebLinkAbout0824 ~'y 2504'79 MORTGAGE , t (his wife) ~ Loren L. Thompson & Rose F. Thompson 1 Nicholas Dr. Albany, N.Y. the mortgagor. in consideration of the principal sum specified in the promissory note hereafter described, re- cei~ed from OUTDOOR RESORTS OF AMERICA~ INC.. a corporation organized and existing under the Laws of the State of Tennessee. the Mortgagor~ hereby on this 24th day of October , 19 72 . mortgages to the Mortgagee the real property in St. Lucie County, Florida~ described as: d~~ Lot No.265-II in that certain condominium known as OUTD008 Q~,~1?~ Q 9~s• R E S O R T S O F A M E R I C A A T N E T T L E S I S L A ND, as shown b y plat 1.~ recorded in the Of~'ice of the Circuit Court in and for St. Lucie County, E Florida. in Plat Book 16. page 1:1 A t hroug h 1 J. o~~~• ~ THIS IS A PURCHASE MONEY MORTGAGE ~_~s'~~~E~~,S~~ _:~s security for the payment of the promissory note of which the following is a copy : Q~~~~~~ I r Statement ~~~~R't~'~ Installment Note and Disc osu e ~ ~ 9, 359.40 St. Lucie Co. _ Florida October 24, 1972 19 For Value Received. I. we ~or either of us promise to pay to the order of OUTDOOR RESORTS OF A~iERICA. INC.~ P. O. Box 1116~ Jensen Beach. Flor- ida. 33457. or any other place 40f 100 er hereof may desifinate in writing, the sum of N ne t ousand three hundred fifty nine ( ) Dollars. this sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE CHARGE on the amount finaneed. payable in 60 equal consecutive monthly installments of . c 155_99 each. and the first installment to become payable on thp lst day ofDeeember I; 19_.Z~. and one such installment to become due and payable on the-~.~_day of each succeeding month s t~iitil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ t~efore the final installment date. the unearned. portion of the FINANCE CHARGE shall be rebated 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 thirty (30) days. or if any statement, representation or warranty in any application for the credit evidenced hy this Note is found to be untrue in any material respect, or in the event THE iJNDERSIGNED, WITHOUT THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL. ENCUMBEft (EXCEPT FOft ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF Oit EN- CUMBER OR COMMIT ANY BREACH OF THE MOftTGAGE OR PERMIT Oft SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND _FINANCED THROUGIi THE CftEDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ue shall become immediately due and payable at the option of the holder hereof without demand, presentment or 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. 15me is of the essence of .this Note. In the event any installment is not paid when due or within ten days thereafter, the holder may collect, and the undersigned agrees to pay a late eharge on such ir}stallinetit in ` an amount equal to 57 of such instaliment or $5. whichever 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~ ~ 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 severally transfer,_convey and assign to the Holder a sufficient amount of such homestead or exemption as may be allowe~, including such homestead or exemption as may be set apart in bankruptcy. to pay this note in fuli, with all costs~of collection, and do hereby direct aqy trustee in bankruptcy having possession of such homestead or exemption _ to deliver to the Holder a sufTicient amount of property or money set apart as exempt to pay the indebted~ess evidenced hereby, or any renewal thereof. and do hereby. jointly and severally, appoint the Holder the attor~ney in fact for each of them. to claim any and atl homestead exemptions allowed by law. A first mortgage for tt~~curity of the aforesaid indeUtedness is retained by OUTDOOR RESORTS OF AMERICA. INC., on Lot No. TI in that certain Condominium known aa OUTDOOR RESORTS AT NETTLES ISLAND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- corded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A chmuAh iJ. ~ R ~r~~ ~ l , _ _ . X _ - - ~s~.~~