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Home My WebLink About2041 MORT~AGE 26gQ34 ~63$ - Tellis G. Dion & Lorraine E. Dion hi.s ~;if~~ _ . rz~oi•t~,<<~;ui•, in con,ideration of the principal ~um speciSed in the promissor}- nute hFreafter descri~,ed, re- ~ t~i~e~i frum OtiTDOOR RESORTS OF A~IERICa, I~C., a corporation organized and existing under the I.a~•s ~~i the State of Tennessee. the l~lortgagor~ hereby on thi; 25th_azV ~f July ~.1~__73 , f r.:~~rt~~:i~,•e~ tu the ~Iortgagee the real property in St. Lucie County, Florida~ described as: I.ot No. 43fi/TI in that certain condcminium known as OUTDOOR RE50RTS OF A~IERICA AT vETTLES ISLA~D, as shown by plat recorded in ~the Office of the Circuit Court in and for St. Lacie County, • Florida, in Plat Book 16, page 1:1~ through 1J. z~ ? . THIS IS A PURCHASE 110NEY I~IORTGAGE ;ecurit~• for the pa3•ment of the promissory note of ~~hich the follow~ng is a copy: Instaliment Note and Disclosure Statement ; ~ ~ 189 .40 ~ ~ St . LuCie County , Florida ~ July 25 lg 73 For Value Recei~•ed, I. we or either of us promise to pay to the order of OUTDOOR RESORTS OF :~~IERIC~?, INC.. P. O. Box 11E1.gThetns€,~ousa~~lon~a'ti~~reo~ a~~~1~@r~~~s the holder hereof may y ~?e:ifinate in ~ti•riting, the sum of f. [s(1/1(,~c~ (8,189.40~ Dollars, ? ni; sum being the Total of Payments referred to in the Disclosure Statement below~ which includes a FI~V'ANCE t N~?RGE on the amount fir:~^ced. payable in-~---'--60------ eQ~~ consecutive monthly installments of ' ~~3F~.~L~q-------~ach, and the first installment to become payable on the lst day of ~etober • 1~. Z~.. and one such installment to become due and payable on thp lst day of each succeeding month ' ~_„~±il the ~vhole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash i ~ ~;~•fc~re the final installment date, the unearned portion of the FIi~AI`'CE CHARGE shall be rebated under ~ ; 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 ~ t::irty (30) days, or if any statement, representation or «arranty in any application for the credit evidenced ~ i~:~ this 1~'ote is found to be untrue in any material respect, or in the event THF UNDERSIGNED, ~`'ITHOUT ~ 'i IiE PRIOR ~VRITTEI~; CONSENT OF THE HOLDER HEREOF, SHALL SELL, Ei\CU111BER (EYCEPT ~ FOR ANY 11iORTGAGE ~VHICH 1S SECURITY FOR THIS I~iOTE) OR OTHERtiVISE DISPOSE OF OR EN- ~ ('U,IiBER OR CO1~i1~1IT A1~Y RREACH OF THE MORTGAGE OR PER1~iIT OR SUFFEft ANY LIEN TO ~ F;_l'IST O;`' THE REAL PROPERTY PURCHASED BY THE UNDERSIG~ED AND FItiANCED THROUGH ~ ~ FIE CftEDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ~;~idenced) or bankruptcy of anyone or more of the under~igned, then the entire remaining indebtedness then ci~~e shall become immediately due and payable at the option of the holder hereof without demand, presentment c,r notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver oi 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, whiche~•er is less. and in the event this Note is coliected by = la`v or throu~h 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 Florida law. - ~ ~ The undersigned and all endorsers or other parties to this note jointly and severally transfer. conveS and ? a~;ign to the Holder a sufficient amount of such homestead or esemption as may be ailowed, including such ~ homestead or exem tion as ma be set a art in bankru tc to a this note in full with all costs of collection, ~ P Y P P 3'. P Y . ~ and do hereby direct any trustee in bankruptcy having pos~ession 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 e~ idenced ~ hereby, or any renewal thereof, and do hereby. jointly and se~•erally, appoint the Holder the attorney in fact for y_ ~ each of them, to claim ai and all homestead exemptions allo«•ed by law. ~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF ~ a`iERICA, INC., o;~ Lot I~~o.~~~that certain Condominium known aa OUTDOOR RESORTS AT I`ETTLES ~ ItiL??ti'TJ, ar.d on az~y :mpi~ovements, ~ixtures or after acquire~l property added t6ereon, as shown ny piat re- ~ c~~rded in the Office of the Circuit Court in and for St. Lucie County~ F'lorida, in Plat Book 16, page 1:1A 4~3 `?r-~ ~~lrough 1J. r, ~O~ y . ~1 C! l~ ~ Y%~ - ~y' ~~j ~ Sy`~ ~ r~ ~ ; . . - . ~.,.,~~~t