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HomeMy WebLinkAbout0912 b ' ~ ~ ' ~ ~ ` ; , 254821 MO RTGAG E ~ ~ I~i~iam R. Harpg_r., 5950 LinQleatawn Road, Harrisburg. Pa - . the mort~agor, in consideration of the principal sum specified in the promissory note hereafter described. re- - rei~•eci from OUTDOOR RESORTS OF AbiERICA. INC., a corporation organized and esisting under the Laws ~~f the State of Tennessee. the Mortgagor, hereby on thisSZ.#~-day of ~~ua~y , 19~. mortbages to the Mortgagee the real property in St. Lucie County, F7orida, describeti as: Z~ Lot No 4~~~T? in that certain condominium known as OUTD008 y~,EQ~ RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat ~a1~^ recorded in the Ofl9ce of the Cireuit Court in and for St. Lucie County G`~~,EQ~'~CZS~ Florida, in Plat Book 16. page 1:1A through 1J. ~~tS~ ~>>'~a~s ~p~ Dotumentary Stam~~ THIS IS A PURCHASE MONEY MORTGAGE c~~`~`~ J~~t~S~ ~,0. i1liixed ori~ir,zi note~ R~ `~1~~~ ~0 C`~tr~ J~~~ As ~~+~lmr the payment of the promissory note of which the following is a copt~- d yj p~c+: Installment Note and Disclosure~Statement~ ~ 11, 933. 76 St. Lucie County, , Florida • Jitriuary 6th 19 ~ 3 For Value Received, I, we or either of us promise to aay to the order of OUTDOOR RESORTS OF :~~iERICA. INC.. P. O. Box 1116. Jensen Beach. Flor ida. 33457, or any other plac~asr~ ~olt~~r,t~~~of may /i cie~ignate in writing, the sum of $leY~en thousand liine hundred ~ thirty- - Dollars, this sum bein~ the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE CFiARGE on the amount financed. payable inq~ e9ua1 consecu~ive monthly installments of ~ 124. 31 ------each, and the first installment to become payable on thp 18t ~ day of ~v . 1~__?~, and one such installment to become due and payable on the 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 ~ ?~efore the final installment date. the unearned portion of the FINANCE CHABGE shall be rebated under ~ the Rule of 78's. F 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 t,~- this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT T~iE PRIOR WRITTEN GONSENT OF THE HOLDER HEREOF. SHALL SELL. ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- t'UMBER OR COMMIT ANY BREACH OF THE MOftTGAGE Oft PERMIT 08 SUFFEft ANY LIEN TO ~ EXIST ON THE REAL PROPERTY 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 payabie aL the option of the holder hereof without demaiid, 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 l~te 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 !aw or through an attorney at law or under advice thereof, the undersigned agrees to pay all coste of collection, ~s 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 allowed, i~ncluding such homestead or exemption as may be set apart in bankruptcy, to pay this note in full. with all cost5-of collection~ and do hereby direct any trustee in bankruptcy having posse.ssion of such homestead or exemption .to deliver to the Holder a sufticient amoun*.. of property or money set apart as exempt to pa~? the indebtedness evidenced hereby. or any renewal thereof, and do hereby. jointly and severally, appoint the Holder the attor~y in fact for each of them. to claim ai and all homestead exemptions allowed by law.- "i A first mortgage for the security of the aforesaid indebtedness is ~etained by Oi1'fDOOR RESOKT'S OF AMERICA, INC., on Lot No.~~i that certain Condominium known as OUTDOOR RESORTS AT NETfLES ISLAND, and on any impmvements, fixtures or after acquired property added thereon~ as shown by plat re- corded in the Office of the Circu:: Court in and for St. Lucie County~ Florida, in Plat Book 16, page 1:1A throuRh 1J. " gooK~~4 ~acf 9~.3 , _2 -L ~ W - - - t - - z a~_ ~_,a _ ~