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Home My WebLink About1031 ~ ,r - - - - - - - - - - - / ~ .r 26~983 ~r~-~- MORTGAGE R;~liam A& Thelma J. Mavo ~ the mort~;agor. in consideration of the principal sum specified in the promissory note hereafter described. re- cei~~ed from OUTDOOR RESORTS UF AMERICA, INC.~ a corporation organized and existing under the Laws of the State of Tennessee. the ~ldortgagor. hereby on this~h _day of ~rch 19~, mo~•tgages to the Mortgagee the real property in St. Lucie County, Florida. described as: ~~2,~y~~y ~ ~N Lot No. ~ 99 ~TT in that certain condominium known as OUTDOOR ~y~~~ RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat ~'~~,.:_~S°r` ~ recorded in the Office of the Circuit Court in and for St. Lucie Coun .2 ~0~- Florida, in Plat Book 16. page 1:1A through 1J: `~t~'~~ti~'~~~~~~~` ~c; Z. • THIS IS A PU~tCHASE 11~ONEY MORTGAGE ~`~E~~~~~~`~ ~ py~ As security for the payment of the promissory note of which the folto~ving is a c~~o a~cA~'~~ . o p - Instaltment Note and Disclosure Stateme g 7, 604 . 40 S t: Luc ie County , Fior~da ~ March 7th,` 19~~ For Value Received~ I, we or either of us promise to pay to the order of OUTDOOR ItESORTS OF . A`iERICA. INC.. P. O. Bo ~ il~S, Jensen Beach. Flor ida, 3345?, or any other place as the holder hereof may de•i~nate in writins. the sum of_Seventy-six hundred. four & 40/100-----C 7,604.40~ Dollars, this sum being the Totai of Payments referred to in the Disclosure Statement below. which includes a FINANCE C~iARGE on the amount financed. payable in 60 equal consecutive monthly installments o# 126.74 each~ and the first installment to become payable on the lst day of~June , 1~~.3_. and one such instaliment 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 before the final installment date, the unearned portion of the FINANCE CHAKGE 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 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 HEKEOF, SHALL SELL, ENCUMBER (EXCEPT j F08 ANY MORTGAGE WHICH 1S SECURITY FOIt THIS NOTE) O~t OTHERWISE DISPOSE OF 08 EN- ' CUMBER OR COMMIT ANY BREACH OF THE MOftTGAGE OR PERMIT OR SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROIJGH ; THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ; e~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then due shall become immediately due and payable af. the option of the holder hereof without demand, presentment ' or notice of any kind. Any failure of holder to exercise said option shall not eonstitute 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 ~ ~!atis thereafter; the holder may collect. and the undersigned agrees to pay a late charge oa such installment in~ 4 an amounL equal to 5% of such installment or $5, whichever is less, and in the event this Note is collected by ; i•w or throvgh an attorney at law or under advice thereof~ the undersigned agrees to pay all costs of collection, ; ; i1Clu iing rea.SOnable attorney's feea and court costs to the extent permitted by Florida law. f i he undersi~r?ed and all endorsers or other parties to this note jointly and severally transfer. convey and ; .~ssi~?n to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such ~ ; hc;::~estzad ur exemption as may be set apart in bankruptcy. to pay this note in fnll, with all costs of collection, i f and do ;~ereby direct any trustee in bankruptcy having possession of sach homestead or exemption to deliver to ; ~ the Holder a sufficient amount of property or money set apart as exempt to pay Ehe 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 sef~rity of the aforesaid indebtcdness is retained by OUTDOOR RESOBTS OF AD'IERICA, INC., on Lot No.l qg~ in that certain Condominium icnown aa OUTDOOR RESORTS AT NETTLES ISI.AND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- corded in the Ofi'ice of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16, page 1:1A through 1J. ' '~t1tM~~ ~f~~ , _ ~ : - - - _ ~ ~ . ~ . : ~ ~ :~~r~,~..:~ 3 ~ ~ ` - ~ = ~s~~~ ~~s