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HomeMy WebLinkAbout0879 ~ i ~ ~ ~ ~ MORTGAGE S, J. Perdomo & Carl ne Perdomo (his wife) . the mortgagor, in consideration of the principal sum specified in the promissory note hereafter described. re- cei~•ed from OUTDOOR RESORTS OF AMERICA. INC.. a carporation organized and existing under the Laws of the State of Tennessee~ the Mortgagor~ hereby on this lst day of December lg 73~ mortgages to the Mortgagee the real property in St. Lucie County. Florida. described as: Lot No 1142/II in that certain condominium known as OUTDOOR RESORTS OF AMERICA AT NETTLES ISLAh'D. as shown by plat recorded in the Oflice of the Circuit Court in and for St. Lucie County, Florida~ in Plat Book 16. page 1:1A through 1J. . THIS IS A PURCHASE I~IONEY IiORTGAG$~~~ 3- S ~N P~r~ As security for the payment of the promissory note of which the following is a E~~p ~;NT'~'«~~ ~RS~r;~P~~~ ~ tER 71-134, Instqllment Note and Disclosure Stntem~#~~~„R ~~R "~TS °`-'y,~,l , ~ . sr, u,cu~ 515, 795.00 St. Lucie County December 1, 19 73 For Value Received. I. w~e or either'of us promise to pay to the order of OUTDOOR RESORTS OF A~IERICA. INC.. P. O. Box 11 Fifteen thou'sand'dseven?hun~~edhni~ie~y~ the holder hereof may de~isnate in writing, the sum of f ive & On/~ 00 (15 . 795 .09 ~Uars, this sum being the Total of Payments referred to in the Disclosure Statement below. which includea a FINANCE CHARGE on the amount financed, payable in '60' equal consecutive montlily instaUments of y 263.25-- each, and the first installment to become payable on thp lst ofFebruary 19~~ and one such installment to become due and payable on the lst day of ea~ch succeeding month until t~e whole of said ~ndebtedness (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 CHARGE shaU be rebated under the Rule of ?8's. ~ ; In the event of default in the due and punctual payment of any installment on this Note for a period of j thirty (30) days, or if any statement, representation or warranty in any application for the credit evidenced E by this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT ~ THE PRIOR WRITTEN CONSENT OF THE HULDEB HEftEOF~ SHALL SELL, ENCUMBEIt (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOft THIS NOTE) OR OTHERWISE DISPOSE OF 08 EN- CU1~iBER 08 COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT O~t SUFFER ANY LIEAT TO EXIST ON THE REAL PROPERTY PU~tCHASED BY THE UNDERSIGNED AND FINANCED THBOUGH THE CREDIT EVIDENCED $Y THIS NOTE or in the event of the incompetency, insolvency (howsoever evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then due shall become immediately due and payable at the option of the holder hereof without demand, pre~entment 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 Note. In the event any installment is not paid when due or Rithin ten days thereafter, the holder may collect, and the undersigned agrees to pay _a late charge on such installinent in an amount equal to 5 J~ of such installment or $5, ~vhichever is less, and in the event this Note is coUected by law or through an attorney at law or under advice thereof, the undersigned agrees to pay all casts of collection, including 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 assign to the Holder a sufficieni amount of such homestead or exemption 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 possession of such homestead or exemption to deliver to ~ the Holder a sufiicient amount of property or money set apart as exempt to pay the indebtedness evidenced hereby. or any renewal thereof, and do hereby, jointly and se~ eraUy, appoint the Ho~der the attorney in fact for ~i each of them, to claim ar~? and all homestead exemptions allo~ved by la~v. ' A first mortgage for the security of the aforesaid ir.debtedness is retained by OIJ'TDOOR RESORTS OF 3 Ati1~rZICA, INC.~ on Lot No.1142/~hat certain Condominium known ae OUTDOOR RESORTS AT NETTLES ISI D, ar.d on any improvements, fixtures or after acquired property added thereon. as shown by plat re- ~ ~ ~ cerded in the Oflice of the Circuit Court in and for St. Lucie County. Florida. in Plat Book 16, page 1:1A ~ through _J. ' Q~,~v /7-~.~ ~T / , ,~5 ~ eY ~ •-3 ' ~ w . ~ ` ' . ~ " V fl Q ~ ~ -~i . ~ . , ' ` saac ~ ~9 • • - • - _ n ,