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Home My WebLink About2049 ~ MORTGAGE 2~g . Edgar T . Kremer 0~~ - - - - - th.~ ~i~urtgag~n•, in consideration of the principal sum specifieci in the promis.or~• note hereafter describecl, re- :~•i~•~~d fi~~m nUTI)OOR RF.SORTS OF AbiF.RICA, Il\C., a corporation org~inized and exi~ting under the Law•s . ~~f the State of Tennessee, the Mortgabor, hereU~• on thi~_ _l~t_ __da~• of__APrll _ 1973 ~ r~~~n•t~;a~;e. to the 1lortgagee the real property in St. Lucie l`ount~•, Florid~i, describecl as: Lot No._1035/II that certaii~ condominium knon•n a, OLTDOOR I~ESOFiTS OF AZiEIiI(.'A AT :ti i i TI.i ~;~~.AZ':;, s::~:~:: :f ~~:~.t recordeci in the Oflice of the Circuit Co~u•t in and foi- St. I.ucie ('ounty, { Florida, in Plat Book 16, page 1:1A throu~;h 1J. THIS IS A PL'RCHASE 110\EY \IORTGAGE :1~ .ecurit~• for the pa~•ment of the promissoiy note of H~hich the follo~~•ing is ~ copy: installment Note and Disclosure Statement 6? 824 .40 _ St . Lucie County , Florida AQril l, _ 1973 lg 73 F~n• Value Receired, I, «~e or either of us prumise to pay to the oi-cler of OUTUOOR RESORTS OF :1~iE:RICA. Iti'C.. P. O. Box 1116, Jensen Beach, Florida, 33457. or any other place as the holder hereof may ,?~~;i~,~nate in ~~ritin~;, the sum ofsix thousand__ei~ht hundred tweIIt four ~6,824.40~ Pollars, ~ h i: .um l~cin~,• the Total of Payments referred to in the Disclosure S~te~l'~nt~5~ow, which includes a FINANCE ~ 11aFGE on the amount financed, pa~able in______'60'___.__ equal consecutive monthly instaliments of :?113.7~+--_---_each, and the first installment to become payable on the lst _day of ~ctober ~ l~ 73 and one such instaUment to t~ecome due and pa~ able on the 1~~day of each succeeding month j ;:n±il the K•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~:t~f~~re the tinal instaliment date, the unearned portion of the FI1'A~'CE CHARGE shall be Ycuaicu :::~~2: ~ ti~c~ Ktile of 78's. In the e~•ent of default in the due and punctual pat~ment of any installment on this Note for a geriod of t}~irty (30) days, or if any statement, representation or ~sarranty in any application for the credit evidenced ~ t~~- this 1\'ote is found to be untrue in any material respect, or in the e~•ent THE UNDERSIGNED, WITHOUT ~ "I'IIE PRIOR «'RITTEN GONSEti'T OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT t~c)R A~'Y MORTGAGE WHICH 1S SECURITY FOR THIS :~•OTE) OR OTHERWISE DISPOSE OF OR EN- ~ i'L':~iBER OR COMMIT ANY RREACH OF THE 1410RTGAGE OR PERDiIT OR SUFFER ANY LIEN -TO N:.l"IST ON THE REAL PROPERTY PUR~HASED BY THE U1~DERSIG;~ED AND FINAl~•CED THROUGH "I'}IE CREDIT EVIDENCED BY THIS NOTE or in the e~~ent of the incompetency, insolvency (howsoever «~~,-idencecl) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~iue shall become immediately due and payable at the option of the holder hereof ~tithout demand, presentment ~ ,~r notice of any kind. Any failure of holder to exercise said option shail not constitute a~caiver of the right ~ t~, exercise the same at any other time. ~ Time is of the essence of this I~~ote. 1n the event~ any installment is not paid when due or within ten ~ ~lays thereafter, the holder may collect, and the undersi~,rned agree. to pay a late charge on such installment in ;~ii amount equal to 5`,`~ of such installment or ~5, ~+•hiche~•er is l~ss, and in the e~ent this Note is collected by - l~~n• or through an attorney at la~+ or under advice therec~f, the undersi~?ned agrees to pay all costs of collection, i~~cludinK reasonable attorney's fees and court costs to the extent permitted Ly Florida la~v. ~ The undersigned and all endorsers or other parties to this note jointlr and se~•erally transfer, convey and a:si~*n to the Holder a sufficient amount of such homestead ~?r exemption as ma~~ t,e allowed, including such ~ h~~mestead or exemption ac may be set apart in bankruptc~-, to pati• thi~ note in full, «•ith all costs of collection, and do hereby direct any trustee in bankruptcy ha~~ing po~se~.ion of such homestead or exemptian to deliver to ~ the Holder a suflicient amount of propertS• or money set apart as e~empt to pay the indebteciness e~~idenced hereb3~, or any renewal thereof, and do hereby, jointly and ~e~•erall}•, appoint the Nolder the attorney in fact for ~ each of them, to daim ai:~~ and all homestead exemptions allu«•ed 1,~• la«•. A first mortgage for t urity of the aforesaid indebtedness i, retained t,y OUTDOOR RESORTS OF ~ , lb~~l~ . ~ :~~tERi('A, INC., on Lot Ivo.-~~~n that certain Condominium known sa OliTU00R RESORTS AT NETTLES , ~ I~I.~:\I~, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~ c~~~rded in the Ofl'ice of the Circuit Court in and for St. Lucie ('~unty, Florida, in Plat Book 16, pa~e 1:1A ~ through 1J. r: V; 2045 ~ tc:1 ~~lJ ~ 1 , ~~.x---;. ~ A~~ . . _ ; ~ ; .