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HomeMy WebLinkAbout2454 ' ~ ~ ~ pv ~ • • ~ . • t ' IGr f Q~S~ ~ MORfiGAGE Fianna Incorporated, 692 Lennox Road, Glen Ellyn, Illinois 60137 _ ~ che mortg~t,rol•, in consideration of the principai sum specified in the prcmissory note hereafter described. re- ~~r•i~•ed from OUTDOOR RESORTS OF AMERICA, INC.. a corporation ~rganized and existing under the Laws ~~f the State of Te~u~essee, the Mortgagor~ hereby on this 5th__day uf_ Apr~~ - ; 19 73 ~ m~~~•t~;ages to the :~iortgagee 'the real property in St. Lucie County. Florida, described as: See attached list Lot No.______-. _._in that certain condominium known as OUTDOOR RESORTS OF A111ERICA AT :~ETTLES ISLAI~D, as shown by plat s't~ recorded in the Oflice of the Circuit Court in and for St. Lucie County, ~F~xEO Florida, in Plat Book 16, page 1:1A through 1J. ORI~~~ - THIS IS A PURCHASE MONEY IiORTGAGE security for the pavment of the promissory note of which the follow ing is a coFy : Instailment Note and Disclosure Statement ~ _124 597.80 St. Lucie Gounty ; ~orida - April 5 ig 73 For Value Recei~•ed, I, K•e or either of us promise to pay to the order of OUTI)OOR RESORTS OF a~iERI('A, INC., P. O. Bo~c 1116. Jensen Beach, Flor ida. 33457~ or any other place as the holder hereof may One Hundr~~n~~t n~~~~~u~n~h~~~~~ Five Hundred 24,597.80 ~~~~~i~*n<ite in ~sriting, the sum of ) Dollars. this sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ~ ~~~IARGE on the amount financed, payable in__ 60 _ equal consecutive monthly installments of ~ _ 2076. 63 __Qach. and the first instaliment to become payable on the 20th day of OCtober , ~ 20th ` 1~_ 73 , and one such installment to become due and payable on the- day of each succeeding month ~ ~~?~til the whole of ~aid indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ h~~fore the final installment date, the unearned portion of the FINANCE CHAAGE shall be rebated under ~ the Rule of 78's. ~ - ~ In the ecent of default in the due and punctual payment of any installment on this Note for a period of ~ tnirt~ (30) days, or if any statement, representation or warranty in any application for the credit evidenced ~ 1,~~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED~ WITHOU'T ~ T~~E PRIOR WRITTEN GONSENT OF THE HOLDER HEREOF. SHALL SELL. ENCUMBER (EXCEPT ~ ~'OR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~ ('L'MBEB OR COMMIT ANY RREACN OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ F:IIST ON THE RF,AL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ THE CREDIT EVIDENCED BY THIS NOTE or in the e~ent of the incompetency. insolvency (howsoever e~-idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ cl~~e shall hecome 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 ~ tc~ exercise the same at any other time. `i Time is of the essence of this I~Tote. tn the e~•ent 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, whichever is less, and in the event this Note is collected by ~s law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection. including reasonable attorne3•'s fees and court costs to the extent permitted by Florida law. ~`3 The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and a~sign to the Holder a sufficient amount of such homestead or eKemption as may be allowed, including 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 posses~ion of such homestead or exemption to deliver to the Holder a sufi'icient amount of property or money set apart as exempt to pay the indebtedness evidenced y~ ;~4 hereby, or any renewal thereof, and do hereby, jointly and se~~erall~•. appoint the Holder the attorney in fact for ~ each of them, to claim any and all homestead exemptions allo~ti•ed by la~~. A first mort a e r th ec ri af h~ aforesaid indebtedness is retained b OUTDOOR RESORTS OF ~ g e a~t~ac~je~ 1 i s~ y ~1:1~iERICA, INC., on Lot ~o.__ ~n that certain Condominium known as OUTDOOR RESORTS AT NETTLES ISLAND, 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. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. d p~ ~ ~ eoaK ~n~~ 2 ~ ~ 3 ~ _ ~ .