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HomeMy WebLinkAbout0944 - - - - - - - - , f ~ , ~ , ; . ~ 2S484S ` ~ ~ ~~rt w. Schier D/8/A M O R T G A G E s Desiqn Dvnamics, Inc., 466 Central Ave, Northfield, Illinois 6009 ~ the mortgagor. in consideration o~ the principal aum specified in the promissory note hereafter described, r~ ceived from OL1TD00B RESORTS OF AMERICA. INC., a corporation organized and exiating under the Laws f of the State of Tennessee, the Mortgagor, hereby on this 20th day of October , 19~. i mortgages to the Mortgagee the real property in St. Lucie County~ Florida~ described as: Section II `~~'y~ i ` U Lot No 241 in that certain condominium known as OLTTD008 v"~Q~~>>,. uo~umentan S~R'~ RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat 'Y :~"~".r,E ~ at,;Y~ o,;;;-:~t n~te recorded in the Office of the Circuit Court in and for St. Lucie County, ~ ~~~~t~ ~;,.5 t~' and ca~~r~?~ Florida, in Plat Book 16. page l:lA through 1J. •c: ,.ti~`~ ~ ~~~~C' ~ • ' J~.~ ~ THIS IS A PUKCHASE MONEY MORTGAGE .-o' 5 As security for the payment of the promissory note of which the following is a cog~.~'~o:~ r~ 1a ,~r Installment Note and Disclosure Statemen~~y~ ~ St. Lucie ~ ~ 9359.40 _ Florida ~ October 20 19~2 ~ For Value Received. I. v?e or either of us promise to pay to the order of OUTVOOR ~tESORTS OF A`iERICA. INC.. P. O. Box 1116, Jensen Beach. Flor ida. 33457, or any other place as the holder hereof may de.i~nate in writing. the sum o~~ ne Thousand Three Hundred Fi fty Ni ne & 40/ 100 ~ g359. 40 ) Dollars. this sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE } C'NARGE on the amount financed. payable in 60 equal consecutive monthly installments of ' . f : g 155.99 each, and the first installment to become payable on thp lOth day of-February € ~ 19 73 . and one such installment to become due and payable on the lOth day of each succeeding month ! t~ntil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ; t~efore the fina} installment date, the unearned portion of the FINANCE CHAAGE ahall be rebated under ~ the Rule of ?8's. ~ In the event of default ia 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, WITIiOUT THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SHAI.L SELL, ENCUMBEB (ERCEPT . FOR ANY MOBTGAGE WHICH 1S SECUftITY FOR THIS NOTE) OR OTHEAWISE DISPOSE OF OR EN- CUMBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT 08 SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDEBSIGNED AND FINANCED THROUGIi > THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howscever ~ 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. ~ 1~me is of the essence of this Note. In the event any installment is not pP.id 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 $5, whichever is less, and, in the event this Note is collected bq ~ law or through an attorney at law or under advice thereof~ the undersigned agrees to pay all costs of collection, ~ including reasonable attorney's fees and court costs to the extent permitted by Florida law. ; The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and assign to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such homestead or exemption as may be set apart in bankruptcy, to pay this note in full. with all costs of collection, ~ and do hereby direct any trustee in bankruptcy having possession of such homestead or exemptiof~ - to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced hereby, or any renewal thereof, and do hereby, jointly and severaliy, appoint the Holder the attorney in fact for each of them, to claim any and all homestead exemptions allowed by law. A first mortgage for the uri of ~e aforesaid indebtedness is retained by OUTDOOR ~BESOftT$ OF ~ 241~ec~on ' AMERICA, INC., on Lot No. ~n at certain Condominium known as OUTDOOR AESOBTS AT NE'ITLFS 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 CounOty~, Ftorida, in PI~?t Book 16, page l:lA through ld. 500K PACE a7~~ ~ n ~ ^ q f~ ~ '"°'.r~~ ~ ~ ~ i . _ ~Yn.'s~~ ~l`~~~ _e.i£An^g .e _ _ . .