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Home My WebLink About0844 - - - - - - - - - _ . , ~ : . . , ~ 4, ~~j _ r M O R T G A G E ~54~70 ~1b~G Thacke ~ Patricia J. Thacke (his wife) , the mortgagor, in cansideration of the principal sum specified in the promis.sory nate hereafter described. re- eei~•ed fibm OUTDOOR RESORTS OF AMERICA, INC.~ a corporation organized and e.cisting under the Laws of the State of Tennessee, the Mortgagor~ hereby on this 30th_day of November , 19~~. moi•t~;ages to th~ Mortgagee the real property in St. Lucie County~ Florida, described as: d~ ~ r~~~ ~a~V Lt~t No.- 612/II~n that certain condominium known as OUTDOOR •,~Q~'~~~ RESORTS OF AMERICA AT NETTLES ISLAl`'D, as ~shown by plat ~ Q~.~`~S recorded in the Office of the Cireuit Court in and for St. Lucie County./ ~~0~'~ ,_~ry $~311~ Florida, in Plat Book 16. page 1:1A through 1J. '2 ~ J~'~ ,~il :inginai (IOv ;,~y t , - 1 S~• THIS IS A PURCHASE MONEY MOATGAG~ • •;_c~ and cancelk0 _ ~ ~r~ As s e c u r i t y f o r t h e p a y m e n t o f t h e p r o m i s s o r y n o t e o f w h i c h t h e f o l l o w i n g i s a c o p y: . Insta t lment Note an d Disc losure S ta temen t~`'~~~ ~ 7, 488 .00 S t. Lttic ie Count}F ; _~oriaa ~ " ' November 30 19~ 2 For Value Received, I, we or either of us prom ise to pay to the order of OUTDOOR RESORTS OF A~iERIGA, INC.. P. O. Box 1116, Jensen Beach, Flor ida, 33457, or any other place as the holder hereof may cie~ignate in ~sriting, the sum ofseventy-fottr hundred,eighty-eight------~ 7,488.00~ ~llars, this si~m Uein~; the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ('HARGE on the amount financed. payable in 96 equsl consecutive monthly installments of . q 78.00 Qach. and the first installment to become payable~ on the lst day of- i ! 19 73 , and one such installment to become due and payable on th@-lst 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 l~efore the final installment date, the unearned portion of the FINANCE CHARGE shall be rebated under the Rule of ?8'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 by 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, ENCUMBEft (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE)~ OB OTHEBWISE DISPOSE OF OR EN- CUMBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PEftMIT Oft SUFFER ANY LIEN TO EXIST ON THE REAL PAOPERTY PURCHASED BY THE UNDEBSIGNED 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 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. 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`J of such installment 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, includinR 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 suflicient amount of such homestead o~ exemption as may be allowed, including such 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 sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced hereby. or any renewal thereof, and do hereby. jointly and severally, appoint the Holder the attorney in fact for each of them, to claim at:~ and all homestead exemptions allowed by law. A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR BESORTS OF ~ AMERICA, INC., on Lot Ndi12~IZin that certain Condominium known aa OUTDOOR RESORTS AT NE'I"1'LES ISLAND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- corded in the Oflice of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A throu~h 1J. E~~K 2~4 f~~ 845 , , ~j _ - - - - _ - y ~ ~ ~ ~ ~ r,l _ _ _ u' 4 ;