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Home My WebLink About0705 ~ MORTGAGE 2~~~8~ ~ Verlin R. Ralev Martha L. Ral_ ev__(hi~wife the martga~c~r, in consideration of the principal sum specifeci in the promissory note hereafter descrit~ed, re- ~~ri~•ed frc?m Ot`TI~OOR RF.SORTS OF AMERICA, IN('., a corporation organi2ed aud existing under the La«~s ~~t the State of Te~u~es,ee. the Mortgagor, hereby on thi,__lst __~a~• of-September , ig_73_, rn~u•t~,~.~~,•es to the liortgxgee the real property in St. Lucie County. Flurida, described as: Lot Na 99'~~II__in that certain condominium. knowxi as OUTDOOR RESORTS OF A\iF.RICA AT ~'ETTLES ISLAND, as shown by plat recorded in the Oflice of the Circuit ('oiu•t in x»d for St. Lucie County, Florida, in Plat Rook 16, pa~e 1:1A through 1J. pc~~:.;E. ;.<,y ;t,.,•~S ~ THIS IS A PURCHASE h10NEY 110RTGAGE a~`"~~ ~r a: .eruritt• for the pay-rneiit of the promissozy note of Nhich the follo~ti•ing is a copy: e;d _ ~ Installment Note end Disclosure Statement .._6, 369. 60 St. Lucie County. , Florida September 1, 19 73 For ~'alue Recei~~ed, I, ~+•e or either of us promise to pay to the order of OUTDOOR RESORTS OF .1ti1ERI(`A. I~C., P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place a&t}~e~hpjc~a hereof may ' /1 cle~i~,~nate in ~~•ritin~, the sum of_Six._~hnusand_three hun~ed ~ j xt~-ni r,e ((i, ~F~9 60 ) Dollars, !~~i~ `um being the Total of Payments referred to in the l~isclosure Statement below, which includes a FINANCE ~~EIARGF, on the amount financed, pa~~able in__.___=60- equal consecutive monthly installments of 106.16_ ----=each, and the first installment to become payable on the lst ^day of ~eember ~ i~ 73 , and ane such installment to become ~ue and payable on the- lst day of each succeeding month ~.:r~ti1 the «•hole of ~aid indebtedness (Total of Payments) is paid. In the event of prepasment in full by ca.Sh i,~~fore the hna} installment date, the unearned portion of the FI~'Al`CE CHARGE shall be rebated under ~he Rule of 78'~. In the ec-ent of default in the ciue and punctual pa~•ment of any installment on this Note for a period of ~ thirty (30) days, or if any statement, representation or v~•arranty in any application for the credit evidenced this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT F THE PRIOR «'RITTEN CONSE~'T OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT FnR ANY MORTGAGE «'HICH 1S SECURITY FOR THIS \'OTE) OR OTHERWISE DISPOSE OF OR EN- : t'L'MBER OR COMIIIT A:~'~' RREACH OF THE MORTGAGE OR PER11iIT OR SUFFER ANY LIEN TO ~:.1'IST OI` THE REAL-PROPERTl' PURCHASED BY THE L':`{DERSIGl~'ED AND FINAI\TCED THROUGH '1'IiE CREDIT EVIDENCED BY TNIS NOTE or in the e~~ent of the incompetency. insolvency (howsoever ~ e~~idenced) or bankruptcy of anyone or more of the undersignecl, then the entire remaining indebtedness then ! clt~e shall l~ecome immediately due and pay~able at the option af 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 of the right = ~ to exercise the same at an~• other time. ~ Time is of the essence of this :~ote. ln the e~ent any installment is not paid when due or within ten ciays thereafter, the holder may coilect, and the undersi~ned agree. to pay a late charge on such installment in ' an amount equal to of such installment or ~5, whichever is le~., and in the event this Note is collected by iaw or Lhrough an attorney at laK• or iinder advice thereof, f}1e ~tndersigr~~d agrees to pay all costs of colleetion, includinK 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, convey and assi~,~n to the Noider a sufficient amount of such horr~estead or exemption as may be allowed, including such homestead or exemp~ion as may be set apart in bankruptcti•, to pay this note in full, with all costs of collection, = and do hereb~ direct any trustee in bankruptcy having posse~sion of such homestead or exemption to deliver to 9 the Holder a sufficient amount of property or money set apart as e~empt to pay the indebtedness evidenceci hereby, or any renewal t.hereof, and do herei~y, jointly and se~•erall~•, appoint the Holder the attorney in fact for ~ each of them, to claim ar~~ and all homestead exemptions all~~~~•ed L~• la~c. A first mort~;age for the security~ of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF ~1~iERICA, INC., on Lot No999 I~n that certain Condaminium known aa OUTDOOR RESORTS AT NETTLES (SLAtiD, and on any improvements, fixtures or after acqaired property added thereon, as shown by p~at re- ~ corded in the Office of the Circuit Court in and for St. Lacie C' t ida. in Book 16, page 1:1A throu~.~h 1J. ~ y~~~ FAGE _ . , .t' . _ ~ - - , - - ~ - = _ _ v. . ~ > w._.