The URL can be used to link to this page

Home My WebLink About2039 M 0 R T G A G E 26~~`~~ Russell S. Graham & Josephine S. Graham (his wife) ~ the mortga~oi•, in consideration of the principal sum specified in the promissor~ note hereafter deserii~ed. re- rei~•ed from OUTDOOR RESORTS OF AMERICA, INC., a corporation organi2ed and existing under the Laws ~~f' the State of Tennessee~ the Mortgagor~ hereby on this 15~-das~ of July , 19 73. mortgage~.-to the btortgagee the real property in St. Lucie County, Florida, described as: - Lot No. 500~ I in that certain condominium known ~ OUTDOOR ' RESORTS OF AMERICA AT NETfLES'~SLAND, as shown by' plat recorded in the Office of the Gircuit Court ~n and for St. Lucie County. Florida, in Plat Rook 16, page 1:1A through 1J. THIS IS A PURCHASE :~lONEY ~iORTGAGE As security for the payment of•the promissory note of which the follo~ving is a copy: ~"`"me"f?~'' ~'`~''~s ~C~a;:~ i~ . . ~,:E ~ ~ Insfallme~]~t~ ~ote~N ~~,~losure Statement ~ RECfIVED S- IL~--~r-a-- q 5~~. ~O q1E ON CUISS 'C' INi,4riCIBIE ?E A:dL PrOPER1Y, _,Rt ~ 7.nc~ i Ea _o ~nt~. , F1o1'Ide pURSWNi TO CHAPTER 11-13~, ACTS OF 19)1. ROGER POITRAC July 15. 1973 19 Ci~RK CiRCUiT OOURt. Si. LUCtE 00, ~ For t'alue Received. i. we or either of us promise to pay to the order of OLTfDOOR RESOBTS OF a~iERI('A, INC.. P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place as6t~i~ll~bder hereof may cle~i~;nate in writing, the sum ofFive thousand one _hundred ninety-nine &~~.199. 60) Dollars, !his sum Uein~,? the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ('EIARGE on the amount financed. payable in -60- equal consecutive monthly. installments of I ~$Sz, 6~-.___ each, and the 6rst installment to become payable on the lst day of September I ' j 1~1_ Z3_, and one such installment to become due and payable on the_ ~ lst day of each succeeding month ~ t~i~til the whole of said indebtedness (Total of Payments) is paid. In thc event of prepayment in full by cash ~ ?,efore the final installment date, the unearned portion of the FINANCE CHAAGE shall be rebated under the Rule of ?8's. ~ In the e~ent of default in the due and punctual payment of any installment on this Note for a period of s tt~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced this Note is found to l~e untrue in any material respect, or in the event THE UNDERSIGI3ED, ~'VITHOUf THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICH lS SECURITY FOR THIS NOTE) OR OTHER~'VISE DISPOSE OF OR EN- ~ ('L'MBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR, SUFFER ANY LIEN TO ~ EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ TiiE 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 t,ecome immediately due and payable at the option of the holder hereof without demand, presentment ~ or notice of any kind. Any failure of holder to esercise said option si~all not constitute a waiver of the right ~ to exercise the same at any other time. ~ Time is of the essence of this :`'ote. 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 i~ of such installment or $5, whiche~•er is less, and in the event this I`'ote is collected by ~ law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection. including rea.sonable 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 suflicient amount of such homestead or exemption as may be allowed, includinfi 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 exemption to deliver to the Holder a sufl'icient 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 a~ and all homestead exemptions allo~ced Uy law. ~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR BES(iRTS OF ~ ~MERICA, INC., on Lot No.500 I~ that certain Condominium known sa OUTDOOR RESORTS A'I~ NETTLES 1SLANI)~ and on any improvements, fixtures or after acquired property added thereon, a.s shown by plat re- corded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plet Book 16, page 1:IA throu h 1.T. 0 1t j ~ ~ 8~229 P~2Q38 ~ "t ` - ~ _ _ - - - = _ . ~