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HomeMy WebLinkAbout2111 .a ~ ' . ` . ' . ~ " ` ~4693 . ' MORTGAGE Albert DettQrs_ T••~r~ n.~~ r~ thi: vi t,~l - the mortgagor. in consideration of the principal sum specified in the promissory note hereafter described. re- eei~~ed from OUTDOOR RESCIRTS OF AMERICA. INC.. a corporation organized and existing under the I.aws uf the State of Tennessee, the Mortgagor. hereby on this 8~--day of ~~`h , 19~,4. mortgages to the Mortga~ee the real property in. St. Lucie County. Florida. described as: Lot No.$Q7~II in that certain condominium known as OUTDOOR RESORTS OF AMERICA AT NETTLES ISLAND. as shown by plat recorded in the Ofi'ice of the Circuit Court in and for St. L'~,e_CountY, Florida, in Plat Book 16, page 1:1A through 1J. ~,y~, / THIS IS A PURCHASE MONEY MORTGAGB ~Tp~ ~~?t,~~ ~Ar p~~ As security for the payment of the promissory note of which the following is a a~.~ ~ ~fR ~j, ~ OK' T,~ Installment Note and Disclosure Staten~ent~ ~~.`~j'~~"S ly%°~'~ St. Lucie Connty ~ ~e,~j,a ~ . ~_~...4~~- Mareh 8th lg 74 For Value Received. I. we or either of us promise to pay to the order of OITTDOOR RESORTS OF t\~iERICA. INC.. P. O. Box 1116, Jensen Beach. Flor ida. 33457. or any other place as6~~,hQ~er hereof may ~ cie.i~;nate in writing. the sum of-~~° ~=~oueand_ fou= hundred fifty~_&(Z 45.. 6- bg) Dollars. this sum being the Total of Payments referred to in the Disclosure Statement ~elow. which includes a FINANCE ('~iARGE on the amount financed, payable in -36- equai consecutive monthly installments of ~_~QZ._13 each, and the first installment to become payable on thp lst day of ~ ~ 2924-. and one such installment to become due and payable on the lst day of each succeeding month f ut~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepa~yment in full by cash ~ t>efore the fina} instaliment date, the unearned portion of the FINANCE C'~IARGE shaU be rebated under l the Rule of 78's. In the event of defauit in the due and punctual payment of any installment on this Note for a period of thirty (30) days, or if any statement, representation or warranty in any application for the ct~edit evide~ t~~~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT THE PRIOB WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBEIt (ERCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOB TIiIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CUMBER OR COMMIT ANY BBEACH OF THE MORTGAGE OR PEBMIT 08~ SUFFEB ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGIi THE CBEDIT EVIDENCED BY THIS NOTE or in the event of the incompetency. inaolvency (howscever e~ idenced) 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 exercise said option shall not constitute a waiver of the rigbt ; to exercise the same at any other time. t a 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 J of such installment or $5. whichever 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 aU oosts of coUection, ~ 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, ~ncluding such ~ homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all oost"s of oollection, and do hereby direct any trustee in bankrvptcy having possession of such homestead or exemptio~~to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedqess evidenced hereby, or any renewal thereof~ and do hereby, jointly and severally. appoint the Holder the attor~ey in fact for each of them. to claim any and all homestead exemptions allow ed by law. ~ i A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR BES~OBTS OF AMERICA, INC., on Lot No.g07 I~+ that certain Condominium known as OUTDOOB RESORTS AT NET'I`LES ~ ISLAND~ and on any improvements~ fixtures or after acquired pmperty added thereon. as shown by plat re- ~ corded in the Oftice of the Circuit Court in and for St. Lucie County, O Rrida. in Plat Book 16, page 1:1A ~ ~p through 1J. d00K~A PACE~~S ~ ~'~~~~r _ ~~~"'~r.s~ ..~-4,__.., a._ .