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Home My WebLink About0871 - ~ ~ - - - • H ~j MORTGAGE '~~gf~s ` Charles P_ Kemoton ~ Mar„y Elizabeth Kempton ~ the mortRagor. in consideration of the principal sum specified in the promissory note hereafter described. re- cei~•ed from OL"TDOOR RESORTS OF AMERICA. I~TC.. a corporation organized and existing under the Laws of Lhe State of Tennessee, the Ddortgagor, hereby on thi¢ 25th day of November ~ 19 73 ~ mortgages to the Dlortgagee the real property in St. Lucie County. Florida. deacribed as: Lot No 960/II in that certain condominium known as OUTD008 RESORTS OF ADIERICA AT NEITLES I3LAND, as shown by plat recorded in the Office of the Circuit Court in and for St. Lucie Countq. . Florida, in Plat Book 16, page 1:1A through 1J. THIS I3 A PURCHASE 1~10NEY MOBTGAGE As security for the payment of the promissory note of which the following is a copy: Instatlme~t Note and Disclosure Stotement S 8,505.00 St. Lucie County ~orida November 25, lg 73 For Value Received. I, v~e or either of us promise to pay to the order of OLTTDOOR RESORTS OF A1IERICA, INC.. P. O. Box 1116. Jensen 'Beach. Flor ida~ 33457~ or any other lace as the holder hereof may desi~nate in wri.tins, the sum of Eight thousand five lzundred and ~ive ~S, 505.00~ Dollars, this sum being the Total of Payments refened to in the Disclosure Sta ement below. which includes a FINANCE CHARGE on the amount financed. payable in -60- equal consecutive monthlq instaUments of S 141 _ 75-- ¢~ch, and the first installment to become payable on thP lst day of N'Iareh ~ 19 74 . and one such instaliment to become due and payable on the 1 s t day of each sncceedtng month until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash before the final installment date, the unearned portion of the ~ FINANCE CHAAGE shall be rebated under the Rule of 78's. . In the e~ent of default in the due and punctual payment of any installment on this Note for a period of th.irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced by this 1\'ote is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT THE PRIOR «'RITTE~i COi~SE:~TT OF THE HOLDER HEREOF, SHALL SELL. ENCUMBER (EXCEPT FOR ANY 11iO8TGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF Oft EN- ; CUAiBER OR C0~I~1IIT ANY BREACH OF THE i~iORTGAGE OR PE~t1tiiIT O~t SUFFE$ ANY LIEN TO i EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FTNANCED TH~tOUGH E THE C~tEDIT EVIDE~ICED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ~ e~idenced) or bankruptcy of anyone or more of the undersigned. then the entire remaining indebtedness then { due shall become immediately dae and payable at the option of the holder hereof without demand, presentment E or 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 :1Tote. 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 5J of such installment or $5. whiche~er is less, and in the event this Note is collected by .::.:.::gu ai. n~wa i~C3 ui iairr uc under advice inereof, ihe undersigned agrees to pay all co9ta of collection. in~iudiug :easa:.ab:E ::~rrtey's f~s ar,d cuurt costs to the extent permitted by Florida law. The undersigned and all endorsers or other parties to this note jointly and secerally transfer. convey and . ssign to the Nolder a suf~cient amount of such homestead or exemption as may be allowed, including s~ch homestead or exemption as may be set apart in bankruptcy, to pay this note in full, ~vith all costs of collection~ and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to the Hold~r a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced hereby. or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the attorney in fact for each of them, to claim ar;• and all homestead exemptions allo~sed by 1aw. A first mortgage for the security of the aforesaid indebtednes~ is retained by OL"TDOOR RESORTS OF :iERIC~, I:`C., on Lot ~0.960/I~ that certain Condc~minium known aa OUTDOOR RESORTS AT I`'E'TTLES 1~L.-1.:D, and on any improvements, fixtures or after acqnired property added thereon, as shown by plat re- corde~? in t~,~ Office of the Circuit Court in and for SL. Lucie County, Florida, in Plat Book~6, page 1:1A `hrou~?~ l.i_ lI/~ ~ 7 ~ I IN P~YMENT Of TAXES `'I,/Cl /n l~' 7-~ . Rf~IVEO WE ON CLASS'C' INTAt:GIBi~ P~.._•...': p~R$WtIT TO CttAPTER 71-134f~A~CTS Of 1:.~1.~<~ ROGE4 POITRJIS' • . ~ ' CIFRf( CIRCUIT O O U d T, S i. L U C I E C O.. F Lt ~ r ~ , ~'1~ ~ . ~ ~ o~ 226 P~~E 8 7 .1 . 1 . [4 ~ :~'i . - .