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HomeMy WebLinkAbout0940 1 . • . - ~M' . r yr MORTGAGE 9 / y1 , ~ ~Pt- rr+~ t~ a~91a ~ ~~,a 9~'`i , the mortgagor. in consideration of the principal sum specified in the p missory note hereafter described, r~- cei~~~d from OUTDOOR RESORTS OF AMERICA. INC.. a corporation organized and existing under the Laws ~~f ~he State of Tennessee, the Mortgagor, hereby on thi day of ~~1- Y ~ 19~, mortgages to the Mortgagee the real property in St. Lucie unty, Florida, described as: Lot No ~ in that certain condominium known as Ot1TD00R RESORTS OF AMERICA AT NETfLES ISLAND. as shown by plat • AfFta±y TQ'F$ recorded in the Otfice of the Circuit Court in and for St. Lucie County. t,~«y,~ ~ Florida, in Plat Book 16. page 1:1A through 1J. kF~,~~ ~ • THI3 I3 A PURCHASE MONEY MOATG ~t ~ ti~~~~~ ~ t{ p As security for the payment of the promissory note of which the following ie C oop~? • cy~~ER ~ pE~tl~ m ~ Instaliment Note and Disclosure Statem'~f~T ~R Po~ 19~;D1~ sr, 't' ~~i.~ S 9, 7 20 . 00 St . Lucie County t~~ tb~dg , .J~~ ti uaa y ~ G ~9~ -r For Value Received. I, we or either •of us promise to pay to the orde~ oi OUTDOOR BESORT3 OF Ati1ERICA, INC.. P. O. Box 1116. Jensen Beach. Flor ida. 3345T. or any other place sa the holder hereof may Nine thousand seven hundred twenty designate in writing. the sum of s,. nn~/.1nA 2O - ) Dollars. this sum being the Total of Payments referred to in the Disclosure Statement below. which includes a FiNANCE CHARGE on the amount financed. payable in -60' equal consecutive monthly inatallments of _ ~ 162:00-- each, and the first installment to become payable on the ~ 3~ day of /`/pt'~~-J - ~ 19~. and one such installment to •become due and payable on thp ~ 3~ day of each succeeding raonth until the whole o f said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash before the fina! installment date. the unearned portion of the FINANCE CHAKGE ahall 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 t thirty (30) days. or if any statement, representation or warranty in any application for the credit evidenced by this Note is found to be untrue in any material respect, or in the event THE UNDE~tSIGNED. WITHOIJT THE PRIOR ~VRITTEN CONSENT OF THE HOLDER HEREOF~ SHALL SELL, ENCUMBEB (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CUMBER OA COMNIIT ANY BREACH UF THE 1110RTGAGE OR PEBMIT Oft 31JFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PU~tCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ~ evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remauung indebtedness then due shall become immediatelq due and payable at the option of the holcier hereof without demand, presentment 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 within ten days thereafter. the holder may collect, and the undersigned agrees tn pay a lat~ charge on such installment in an amount equal to 5% of such instaliment or $5. whichever is less. and in the event this Note is collected by law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, including reasonable attorney's fees and court costs to the extent permitted by Florida ]aw. The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and assign to the Holder a sufficient 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 suflicient amount of property or money set apart as exempt to pay the indebtedness evidenced ~ i?ereby. or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the attorney in fact for ~ each ~f them. to claim ar.y and all homestead exemptions allowed by law. ~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF - ~ A~IERIC~, INC., on Lot No~n that certain Condominium known sa OUTDOOR AESORTS AT NETTLES ~ ISLAND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~ corded ir. the Office of the Circuit Court in and for St. Lucie County. Florida. in Plat Book 16. page 1:1A ~ `_~~_~o~. ~ r ~~~!O-/7` /'i.~ ~ . ; =r . ~ :a . W~ . . _ ~o~~ 226 ~cE 940 _ ? ' • , Ltl .31 ~ f :M . _ : ~ . - _ { ~