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Home My WebLink About1059 - + ' a ~u ~ - ~ ~ C ~ ~L ~ . . , ~ ; ~ • . 2siQ~U4 ~ MORTGAGE Raymond N, b Joan J. Dumais, RD 2, Box 169, Lake Drive, Rhinebeck, N.Y. 12752 , the mortgagor~ in consideration of the principal sum specified in the pmmissory note hereafter described. re- rei~•ed from OUTDOOR RESORTS OF AMERICA. INC.. a corporation organized and existing under the Laws ~~f the State of Tennessee~ the Mortgagor, hereby on this 15th day of March 1973 mortgages to the Mortgagee the real property in St. Lucie County, Florida, described as: ; Secti on I I ,~ti: - Lot No._ in that certain condominium. known as OUTDOOIt qSS i~~` " ~•_i~' . RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat~~ et,~~ recorded in the Office of the Circuit Court in and for St. Lucie County~ o~~,T~. o~,S- 4~;~ Florida. in Plat Book 16, p a ge 1:1A through 1J. ~ i.~•~ ~ \N ~~1~ ~tFAS,~~~~ THIS IS A PURCHASE ~YiONEY MOftTGAGB'4 ~~oN ~~10 , security for the payment of the promissory note of which the following is a c~~`~' ~1`` t~ Instaliment Note a~d Disclosure Statemen~`~"~ 7488.00 _ St. Luci e County ry Fiorida March 15 , ig 73 For Value Recei~ ed, I, ~~•e or either of us pmm ise to pay to the order of OIJ1'DOOR RESORTS OF A~IERICA, INC., P. O. Box 11I6. Jensen Beach. Flor ida. 33457. or any other place as the holder hereof may cle~ifinate in Kriting, the sum ofSeven Thousand Four Hundred Eighty Eight&00/1Q0~ 7488.00 ~~i~ars, thi~ sum beinb the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ('HARGE on the amount financed. payable irL__ 96 equal consecutive monthl y installments of ~$•Q~ each. and the first installment to become payable on the lst _day of_ Mdy , 1~_73 . 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 t~efore the fina~ installment date. the unearned portion of the FINANCE CHAAGE shall be rebated under the Rule of ?S'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 appiication for the credit evidenced t,y~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT THE PRIOft WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OB OTHERWISE DISPOSE 4F OR EN- CUMBEft OR COMMIT ANY BREACH OF THE M08TGAGE OR PERMIT OR SUFFER ANY LIEN TO EXIST ON ~ THE BEAL PROPERTY PiJBGHASED BY THE UNDERSIGNED AND FINANCED THROUGH TNE 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 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 constitute a waiver of the right to exercise the same at any other time. - Time is of the essence of this Note. I:~ 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 ~ law or through an attorney at law or under advice thereof. the undersigned agrees to pay all costs of coliection, 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 assi~n 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 hankruptcy, to pay this note in full, with aIl coste of coliection, and do hereby direct any trustee in bankruptcy having posse.ssion of such homestead or exemption. to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedne~ss 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 any and al! homestead exemptions allow~ed by law. A first mortgage for the s ur t~ f~, e aforesaid indebtedness is retained by OtTTDOOR RESORTS OF ' AMERICA, INC., on Lot No. 746 ~e n~th~a~~t c ctain Condominium known aa OUTDOOR RESORTS AT NF.'TTLES I S L A ND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- corded in the Office of the Circui± Court in and far St. Lucie County. Fforida~ in Plat Book 2G, page 1:1A through 1J. ~_F__~~ ~ ! ! itltll( ~ - ~ g_ _ . ; _ . ~ ~,r,~~ ~