HomeMy WebLinkAbout0729 MORTGAGE 2;5-~~~
Morris B. Wilson & Carol S. Wilson _his wife -
rhe mui•t~?agor, in coiisideration of the principal sum specifieci in the promi~surS• note hereafter descrihed, re-
~~~~i~~ed frnm OL'TDOOR RF.SORTS OF AMERICA~ INC., a coi•poration organized a~:d e~isting under the Laws
~~C the State of Te~messee. the l~tortgagor, hereb~ on thi~__ 17~? da~~ of March _ 19_ 73 .
m~~rt~a~;e~ to the Diortgagee the real property in St. Lucie County. Florida, described as: -
Lot No.829~_ _in that certain condominium knoHn as OUTDOOR
RESORTS OF AbiERICA AT NETTI.ES ISLAND, as shown by plat
recorded in the Ot~'ice of the Gircuit Court in and for St. Lucie County,
~ Floi•ida, in Plat Book 16. page 1:1A through 1J.
THIS IS A PUftCHASE IiONEY NORTGAGE ,,.r~,,,y 5'amps
,ecui•itt~ for the pa~~ment of the promissory note of ~vhich the folloH ing is a cooy : a~„F~s o~~~+~~~~ nu.a
Installment Note and Disctosure Statement an, c~n`e,t~
; 5_, 655. 00 St. Lucie County , Florida
March l q 19~_
For ~'alue Received, I, ~~•e or either of us promise to pay to the order of OUTDOOR RESORTS OF
.-~~IERI('A. I\C.. P. O. Box 1116, Jensen Beach, Flor ida. 33457. or any ather place asb~~l~der hereof may
ci~~~i~,•nate in ~~•ritin~, the sum otFiv~___thflllsaIl~-siX hundrQ_d__fi~t~=fi~v~&. (5 655. 00 ) Dollars,
r};;, ,~~m Uein~,? the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE
; ~~fIaRGE on the amount financed, payable in -~iD~- equal consecutive monthly installments of
? : 94.25 -----._each, and the first installment to become payable on the lst_day of November ~
~ 1~1 73 , and one ~uch installment to become ~ue and payaUle on the___ lst day of each succeeding month
~ ~_;ntil the w•hole of ~aid indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
~ !~t•i~~re the final installment date, the unearned portion of the FI~'Al\'CE CHARGE shall be rebated under
' ;};E~ iti~le of 78's.
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s In the erent of default in the due and punctual payment of any installment on this Note for a period of
~ t4~irty (30) days. or if ar.y statement. representation or w•arranty in any application for the credit evidenced
" i~~~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOiJT
"i FiE PRIOR ~VRITTEN COI``SENT OF THE HOLDER HEREOF, SHALL SELL. ENCUMBER (EXCEPT
~ I~'OR AI~'~' MORTGAGE R'HICH 1S SECURITY FOR THIS I~OTE) OR OTHERWISE DISPOSE OF OR EN-
~ ('t':~iBER OR CODiMIT AI~'Y RREACH OF THE biORTGAGE OR PERMIT Oft SUFFER ANY LIEN TO
~ ~;.1'IST Oh' THE REAL PROPERTY PURCHASED Bl' THE UNDERSIGNED AND FINANCED THROUGH
~ TIiE CREDIT EVIDE~'CED BY THIS \'OTE 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
~ ~l~~e shall become 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 ~
~ to exercise the same at any other time. ~
Time is of the essence of this ~'ote. In the e~ent any instailment is not paid when due or within ten
days thereafter, the holder may collect, and the undersigned agree~ to pay a late charge on such installment in
an amount equal to 5`,i of such installment or ~5. whiche~•er i~ less, and in the event this Note is collected by
- laH or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, i
= ~ncluding 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 severaily transfer, convey and
- atisi~?n to the Holder a sufTicient amount of such homestead or e~emption as may be allowed, including such
homestead or exemption as may be set apart in bankruptcy, to pay this note in full, Kith all costs of collec!ion,
and do hereUy direct any trustee in bankruptcy having possession 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 herehy, jointly and se~•erall~, appoint the Holder the attornel~ in fact for
J° each of them, to claim at:y and all homestead exemptions allon~ed by la~. -
A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF
= A~1F.RICA, tNC., on Lot No829~i~n that certain Condominium known aa OUTDOOR RESORTS AT 1~E1"I'LES
~;~a~ ISI,AND, 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. I.ucie ('~unty Florida, in Plat Book 16, page 1:1A
thmii~,~h l.T. c_r_t ~24 FIt6E l.
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