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Home My WebLink About0781 ^ • r ~1 i 1 ' • 1 ! r 8~- 262900 - ti' ~ ~ ' . . fsf~~~_ MORTGAGE . ' - . - - James & Etta Marie Tritton, 1711 S.W. 83rd, Terr., Park City, Ft. Lauderdale,~Elorida the mortgagor. in consideration of the principal sum specified in the promissory note hereafter deseritied~ re- ~•c~i~•ed from OUTDOOR RESORTS OF AMERICA~ INC.. a corporation organized and existing under the Laws uf the State of Tennessee, the Mortgagor, hereby on this 29th _day of November 19~2 moi-tgages to the biortgagee the real property in St. Lucie County. Florida, described as: ~ ~ Section II ~ Lot No.-3~ _in that certain condominium known as OUTDOOR RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat rc~~rclecl in the Qfi`'ice of the Circui~ Gourt in and for St. Lucie Count~?. Flor:da, in Plat Book 16. page 1:1A through 1J. THIS. iS_ A_PUR~HASE biONEY__:1iORTGAGE__ _ AS security for the payment of the promissory note of which the following is a copy: Installment Note ~and Disclosure Statement ~ 6434.40 St. Luci e County , Fiorida •w,. e'i1UAPs T~ November 29 1g72 ~a~cirw. r~o~ For Value Received, I, ~•e or either of us prom ise to pay to the order of OUTDOOR RESORTS 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 t~riting, the sum of Si x Thousand Four Hundred Thi rty Four & 40/100 ~ 6434.40 ~~»ars, this sum beinb the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ('~iARGE on thg amount financed, payable in-- 60 equal consecutive monthly installments of ~ 107. 24V~~ each, and the first installment to become payable on the lst day of ~dnudry . 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 CHAftGE 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 ~ t~y this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED, WITHOUT ~ THE PRIOR WAITTEN GONSENT OF THE HOLDER HEREOF, SHALL SELL~ ENCUMBER (EXCEPT ~ FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) Oft OTHEAWISE DISPOSE OF OR EN- ~ ('UMBEB OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFE~t ANY LIEN TO ~ EXIST ON THE ftEAL 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 indebteciness then due shall become imme3iately 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. 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`'~ of such installment or $5, whichever is less, and in the event this Note is collected by ~ law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, including reasonable attorney's fees and court costs to the extent permitted by F'lorida law. The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and ~ as.sign to the Holder a sufi'icient amount of such homestead or exemption as may be allowed, including such homestead or exemption as may be set apart in bankruptcy, to pay this note in full. with all costs of collection, ~ and do hereby direct any trustee in bankruptcy having posse.ssion of such homestead or exemption to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced hereby. or any renewal thereof, and do hereby~ jointly and severally, appoint the Holder the attorney in fact for ~ each of them, to claim any and all homestead exemptions allowed by law. ~ A first mortgage for the sec rit af t gaforesaid indebtedness is retained by OUTDOOR RESORTS OF ~ AMEBICA, INC., on Lot No. 330 ~nc~igncer~ain Condominium known sa OUTDOOR RESORTS AT NETTLES = ISLAND, and on any improvements, fixtures or after acquired property ad3ed thereon, as shown by plat re- ~ corded in the Oflice of the Circuit Court in and fer St. Lucie County, Florida, in Plat Book 16. page l:lA ~ through 1J. ~ R s~~x 2~ 8 NacE 7${~ ~ ; a , ~ ~ ~ r ~ ~ ~ ~ ~ ; ~