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HomeMy WebLinkAbout0089 . } ~~a.~s , , ~ ~ ~ ~~~iAORTGAGE ~ rR . . . the mortgagor. in consideration of the principal sum speci in the promisaory note hereafter described~ re- ~~ei~•ed from OUTDOOR RESORTS OF AMERICA, INC.~ a corporation organized and existing under the Laws of the State of Tennessee, the Mortgagor. hereby on this~.'.~day of /1~A ? ~ 1922. mortgages to the Mortgagee the real property in St. Lucie County, Florida, described as: Lot No. in that certain condominium known as OUTD008 RESORTS OF AMEftICA AT NEITLES ISLAND, as shown by plat recorded in the Office of the Circuit Court in and for St. L~e County, Florida~ in Plat Book 16. page 1:1A through 1J. p,t~ ~ S-6 : • • •°'A.Y61 llr p..,.,e THIS IS A PURCHASE MONEY MORTGAG To ~ 8~ ~ ~ pF r As security for the payment of the promissory note of which the following is a~~~~Po~~S ~ ~w~'EK~ Installment Note and Disclosure Statement u~ g 9, 281. 28 St . Lucie Couaty Ftorida , ~ ~ 2 s- ~I/e ~9~ For Value Received, I, we or either of us prom ise to pay to the order of OUTDOOR RESORTS OF ~ti1ERICA, INC.. P. O. Box 1116. Jensen Beach, Flor ida. 33457. or any other place as the holder hereof msy Nine thousand tw hundred eighty-one 281.28 de~ignate in writing~ the sum of ~$~~Qn ' (9 • ) Dollars. this sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ('HARGE on the amount financed. payable in -96- equal consecutive monthly instaliments of g_~s68-- each, and the first installment to become payable on the sl7. day of- . 19_?~, and one such installment to become due and payable on the 1sT- day of each succeeding month ~ until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ t~efore the finai installment date. the unearned portion of the FINANCE CHAAGE shaU be rebated under the Rule of 78's. - In the event of default in the due and punctual payment of any instaUment on this Note for a period of 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 UNDEItSIGNED. WITHOUT THE PRIOR WRITTEN CONSENT OF THE HOLDER HEBEOF. SHALL SELL, ENCUMBER (EXCEPT FOR ANY M08TGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CUMBER OR COMMIT ANY BftEACH OF THE MORTGAGE OR PEftMIT O~t SUFFEB ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED 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 remaining indebtedness then due shall become immediately due and payable at the option of the holder hereof without demand. presentment or notice of any kind. Any failure of holder to exereise 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 to pay a late charge on such ~installment in an amount equal to 5~ of such installment or $5, whichever is less, and in the event this Note ia coflected by law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collecfon, including reasonable attorney's fees and court costs to the extent permitted by Florida law. The undersigned and all endorsers or other parties to this note jointly and severally transf~r, convey and assign to the Holder a sufficient amount of such homestead or exemption as may be allowed. including such homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costsof collection, and do hereby direct at~y trustee in bankruptcy having possession of such homestead or exemption.xo deliver fo the Holder a suf~'icient amount of property or money set apart as exempt to pay the indebtedc~s evidenied hereby, or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the attorney in fact for ' each of them~ to claim any and all homestead exemptions allowed by law. i A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOB BE308'r$ OF ' AMERICA, INC., on Lot No~_in that certain Condominium known as OUTDOOK RESORTS AT NE'TTLES - ISLAND. and on any improvements, fixtures or after acquired property added thereon, as ahown by plat re- corded in the OflSce of the Cireuit Court in and for St.OLR cie County. Florida, in Plst Book 16, page 1:1A through 1J. 800KIG?~r~ PACE ~ _ ~ ~r~.. - - - _