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Home My WebLink About2027 . . ~ l, - t_ 265938 • ~ ~ MORTGAGE s~° A' ~ - - FiannaL_Incor orated~ 692 Lenox Road, _Glen Ellyn, Illinois 60137 , _ the mortgxgor, in consideration of ~the principal sum speeihrd in the prorpissor~• note hereafter.described~ re- r~~i~•e~l fron~ OUTDOOR RESORTS OF r1111F.RICA. INC.. a corporation organized and existing under the Laws ~~f the St.ite of Tennessee. the Mortgabor~ hereby on thi.__ 5th __~ay of-_ Apri 1_ 19 73 ~ m~n•t~,<<iges to the biurtgxgee the real property in St. I~ucie County. Florida. described as: L.ot :~'0.__165 SeC.nl ~~1af Icertain condominium knoH n as OUTDOOR RESORTS OF A~1IERICA AT NETI'LF.S ISLAND, as shown by plat recorded in the Office of the Circuit Court in and for St. Lucie County, ~ Floi•ida, in Plat Book l6, page 1:1A through 1J. THIS IS A PURCHASE i110I\EY 1110RTGA(:E. ~y~e;~}~,y gtamps . :c~~urit~- for the pa~•ment of the promissory note of which the follo~sing is a copy: aftixea or~,;;-ai r~te Installment Note and Disclosure Statement and 10529.40___ ~_o St. Lucie County Ftorida ~ RECEIYED IN PAr1AFM Of TAXQ , WE ON CLASS 'C INTAN61elE PERSOl1Al Pi!OPERIY, Apr~~ 5 1g73 pUP,$WlN1 TO CHAPT~v 71•134. ACTS OF 19/2. RC+~E~ POfTRA3 ' F~~r Value Rcrcei~•ed, I, w~E1~ ~kR~W~r~~tu4~~~K~ E~ ay to the order of OL~CDOOR RESORTS OF a~tEI:I('A, i;V'C., P. O. Bor 1116. Jensen Beach, Ftor ida, 33457. or any other place as the holder hereof may ~t~=~i~,=nate in H ritin~*, the sum af Ten Thousand__Fi ve Hundred Twenty Ni ne 40/~lOQ 10529 . 40 ~ Dollars, ;hi. ~um Lein~; the Total of Payments referred to in the Di,closure Statement below, which includes a FINANCE t'FTARGE on the amount financed, payable ir~___ 60 , equal consecutive monthly installments of 175.49 ___Qach, and the first installment to become payable on the 20th _day of- May ~ i 1~ 73__, and one such installment to become due and payabl~ on the-_ 20th _day of each succeeding month t i3ntil the w•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full .by cash i ~~e~ore the final inctallment date, the unearned portion of the FIi`'AI~'CE CHARGE shall be rebated under ~ the Rule of 78's. E 5 In the e~•ent of default in the due and punctual payment of any installment on this Note for a period of ~ thirty (30)-days, or if an~ statement, representation or warranty in any application for the credit evidenced ~ 1~>• this I`ote is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOIJI' ~ THE PRIOR ~~'RITTEN GOI~TSE:~T OF THE HOi.DER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ FOR ANY MORTGAGE tiVHICH 1S SECURITY FOR THIS ~'OTE) OR OTHER~VISE DISPOSE OF OR EN- ~ ('Ui1iBER OR COMMIT A\Y RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO EYIST Oh' THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH 'i'HE 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 ~ ciue shall become immediately due and payable at the option of the holder hereof without demand. presentment ~ ~,r. 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 I`?ote. In the e~•ent any installment is not paid when due or within ten ~ daS s thereafter, the holder may collect, and the undersiKned 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 ie coIIected by law or throiigh an attorney at law• or under advice thereof, the under~iKned agrees to pay all costs;,of collection, includinK 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 Hoider a s~flicient amount of such homestead or exemption as may be allowed, including such home.tead or exemption as may be set apart in bankruptcy, to pa~• this note in full, with all costs,of collection. ~ and do hereby direct any trustee in hankruptcy having posse~sion of such homestead or exemption to deliver to the Holder a suflicient amount of property or money set apart as exempt to pay the indebtecit~ess evidenced hereby. or any renewal thereof, and do hereby, jointly and se~•erall~~, appoint the Holder the attorney in fact for r~ ~ each of them, to claim any and all homestead esemptions alloK•ed by law~. ~ ~ A first mortgage for the s urit of e aforesaid indebtedne~s is retained by OUTDOOR ItESOBTS OF ~ A~iFRICA, INC., on Lot tio.__.165~en ~~a~ certain Condominium known aa OUTDOOR RESORTS AT NETTLES ISI.AND, and on any improvements, fixtures or after acquired property added thereon, ,as shown by plat re- c~?rded in the Oflice of the Circuit Court in and for St. I,ucie ('ounty, Florida, in Plat Book 16, age 1:1A throu~h 1J. ~ g40~(~,9 PACf~o~~ ~ I ~ ~ - - ~y~ ~ _ _ . ~