HomeMy WebLinkAbout2641 I~^'' M O R T G A G E 2S1'795
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Bruc~ J. .~a;.im~rl~, & Alic~ I~i. Haj_,~~~<rl,-: (h; ,~.,;_r,')
.
the mortgagor, in consideration of the principal sum specified in the promissory note hereafter described, re-
rei~•ed from OUTDOOR RESORTS OF AMERICA. INC., a corporation organized and existing under the Laws
c~f the Stat~ bf Tennessee~ the Mortgagor, hereby on this?
~t __day of r`'~ ~'r 19 ~ 2
mortgages tb~the Mortgagee the real property in St. Lucie County~ Florida. described as: ~
Lot No.12 ~ 9 I I in that certain condominium known as OUTDOOR
RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat
recorded in the Office of the Circuit Court in and for St. Lucie County,
Florida, in P1at.Book 16. page 1:1A through 1J.
THIS IS A PURCHASE MONEY MORTGAGE i
as security for the payment of the promissory note of which the following. is a copy :
~ Installment Note and Disclosure Statement
~ ? ~ ~Z~ ~~!(1 :C . I,!1C1~' ~~'~l?T2t" , '~Ot1a8 }
necP.~~ier ?g 19 72 ~
For Value Received, I, we or either of us promise to pay to the order of OUTDOO~i RESORTS OF
~`iERICA, INC., P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place as the holder hereof may
designate in writing, the sum of ~~~'~n ~i~ouGan•::ln~n~~t?-~n & n0/1~J0------ ~7, 019.-^-0~ Dollars~
this sum Ueing the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE .
C'HARGE on the amount financed, payable in F Q equal consecutive monthly installments of
S 1 Z' 9 each, and the first installment to become payable on the 1 s t day of ~"br u a r•. ~
I 19_ and one such installment to become due and payable on the-1°'~ day of each succeeding month
! until 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
E the Rule of 78's. i
;
In the e~ent of default in the due and punctual payment of any installment on this No~e for a period of {
thirty (30) days, or if any statement. representation or warranty in any application for the credit evidenced
t~v this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED, WITHOUT
THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF~ SHALL SELL. ENCUMBER (EXCEPT
FOR ANY MORTGAGE WHICH 1S SECUftITY FOA THIS NOTE) OR OTHEBWISE DISPOSE OF Oft EN- `
CUMBER OR COMMIT ANY BREACH OF 'THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO
EXIST ON THE REAL PBOPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
THE CREDIT 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
due shall become immediately due and payable aL the option of the holder hereof without demand, presentment '
or notice of any kind. Any failure of holder to exercise said option shall not conatitute 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
days 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, whichever is less, and in the event this Note is collected by
!aw or through an attorney at law or under advice thereof, the undersigned agrees to pay all coata of collection,
including reasonable attorney's fees and court coats 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 allowed, including auch ~
homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection. +
and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to
the Holder a s~ftScient amount of property or money set• apart as exempt to pay the indebtedneas evidenced
hereby, or anp renewal thereof, and do hereby. jointly and severally. appoint the Holder the attorney in fact for
each of thens, to claim a~:;~ and all homestead exemptions allowed by law.
A firat mottgage for the security of the aforesaid indebtedne:ss iR retained by OUTDOOR KESORTS OF
AMER[CA, INC., on I.ut No~-_~ -n ~f~ that certain Condominium known a~ OUTDOOB RESORT3 AT NET1'LES
IS[.AND, ar.d on sny improvement~, fixturea or after acquired property sdded thereon, aa ehown by plat te-
corded in the Oflke ui the Circuit ~;ourt in spd fot St. I.ucie ('ount ~ in Book 16, pa~e 1:1A
throu~,?h ]J. ~ ~(~oR~~~
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