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Home My WebLink About2473 - - ~MORT~AGE 26'~269 ~ ~ ~;ti,.c - • ' . ~:.~r,r~.~ ? ~'~a.Z ~f /1Etc~ 1'~y~.t/Y/aD , ~C~ , the mortgafi~i•. in c nsideration of the principal sum specified in the promissory note hereaf er described. re- ~ cei~•ecl from OL'TDOOR hE30RTS OF AhiERICA~ INC., a corporation organized and existing under the Laws uf the St~te uf Teni~essee. the ~1lortgagor. hereby on this_~__day of ~~/P~ 1 , 19_~ murt~abe, to the ~Iortga~;ee the real property in St. Lucie Count~•, Florida, es~ cri~ed as: ~ Lot ~'o. in that certain condominium known as OUTDOOR RE30HTS OF ADiERICA AT NE"ITLES ISLAND, as shown by plat recoi•ded in the Oftice of the Circuit Court in and for St. Lucie County. , Florida~ in Plat Book 16, page 1:1A through 1J. • THIS IS A PUftCHASE 1110NEY DiOATGAGE As secarity for the pa~ ment of the promissory note of which the follo~ving is a copy : ~ I nstaliment Note ond Dis~losure Statement . S_1~~q _4Q_ ~ zSt _ Lucie CounC~ , Flor}da - ' .~f'/~i L 1 S~ ~9...Z.~ ~ For Value Recei~~ed. 1. we or either of us promise to pay to the order of OiJ'fDOOR RESORTS OF ~~11ERIGA. INC., P. O. Box 1116, Jensen Beach, Flor ida. 33457, or any other place as the holder hereof may d~~ifinate in writing. the sum of T n hn ~sand fivP twpnt~-nine 40~100 ( 10,529.~ODollars. this sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FIIvANCE C~IARGE on the amount financed~ payable in 60---'----"-"- equal consecutive monthly installments of S 175.49------ each~ and the first installment to become payable on thp lst day of June ~ payable on the_ day of each succeeding month ` 19 73. and one such installment to become due and 1St - ; until the «hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ hefore the fina! installment date. the unearned portion of the FINANCE CHA~GE 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 thirty (30) da~~s~ or if any statement~ representation or warranty in any application for the credit evidenced ~ b} this h'bte is found to be untrae in any material respect, or in the event THE UNDERSIGNED, WITHOIJT ~ TNE PRIOR WRITTEN CONSENT OF THE HOLDEit HEREOF. SHALL SELL, ENCUMBEB (EXCEPT ~ FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CUlIBEB OK COM~+IIT ANY RREACH OF THE MORTGAGE OR PER11iIT OR SUFFER ANY LIEN TO EYIST ON THE ~REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insalvency (howsoever evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ due shall become immediately due and payable at 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 instaliment 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 J of such installment or $5. whichever is less, and in the event this Note is collected by F~~ law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, ~P~ including reasonable atEorney's fees and court costs to the extent permitted by Florida law. ~ The undersigned and alt 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 ~ ~ hon~estead or exemption as may be set apart in bankruptcy, to pay this note in full~ with all costs uf ccalection, ar~d do hereby direct attiy trustee in bankruptcy having possession of such homestead or exemption to deliver to ~ the ~Iolder a~ufficient amount of property or money set apart as exempt to pay the indebtedness evide:iced ~ hereby, or any rene~val thereof, and do hereby. jointly and severally, appoint the Holder the attorney :n fact fur each of therrt, to claim a~ and all homestead exemptions allo«~ed by law. ~ A first mortgage for the srcurity of the aforesaid indebtedness is retained by OUTDOOft RESORTS UF A~1EP.I(;A, IVC.. on Lot Nor~J~in that certain Condominium known sa OUTDOOR RESORTS AT t7~"Ci'LES ISI.~~U. and on any improvements, fixtures or after acquired property added thereon, as showr: `~y plat re- ~ con]ecl in the Of~ice, of the Circuit Court in and for St. Lucie County, Florida~ in Plat Book 16, page 1:1A th,~i~gh~f. • ~ . i • ~~ON219 ~2~'?2 , _ . ~ ' _ - - ~ ~ _ . _ _ _