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HomeMy WebLinkAbout2193 , K- - - ~ E. MO~TGAGE ~~4'751 ~ , . , James~Courtnev and Ann Courtney (his wife) the mortgagor~ in consideration of the principal sum specified in the promissory note hereafter described~ re- ~•ei~•ed from OUTDOOR RESORTS OF AMERICA, ING.. a corporation organized and existing under the Laws ~~f the State of Tennessee, the Mortgagor, hereby on this~$~h day of December , 19 73 , mortgages ta the Mortgagee the real property in St. Lucie County~ Florida~ described as: Lot No.-905/II ~n that certain condominium known as OUTD008 s`~~ RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat ~~,E.o ~ recorded in the Office of the Circuit Court in and for St. ~..ucie County. o~~~ Florida, in Plat Book 16, page 1:1A through 1J. ~ o~?'Ep ~S~ THIS IS A PURCHASE MONEY MORTG A~ r~ c•,NT~ e~~ pA„~tE As security for the payment of the promissory note of which the follov~~ing is a copy : ~~'TER Jl CE Pf {.:c;,; iit~Fs . ~ / ~fR -I ~ TS ~ FF~'ERr? , Instailment Note and Disclosure Statemer~la'~T ~ItIPT,PoT ~ jy~~, ~ 9, 281. 28- S t. Luc ie County , ~~ada ~ ~ _ ' _ December 28, lg 73 For Value Received. I. w e or either of us prom ise to pay to the order of OUTDOOR RESORTS OF a1iERIGA, INC.. P. O. Box 1116, Jensen Beach, Flor ida. 33457, or any other place ~s ~~$~~er hereof may de~i~nate in writing, the sum of Nine thousand __t~4 . h~drP~ eight~-one (9 ~ 281 • 28 ) 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 installments of g 96 .6~ -each, and the first installment to become payable on the lst _day of ~rch ~ E 19_7~, and one such installment to become due and payable on the-lst day of each succeeding month ` !~ntil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ t~efore the fina} instaliment date, the unearned portion of the FINANCE CHARGE shall be rebated under ~ the Rule of 78's. In the event of default in the due and punctual payment of any instaliment 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 UNDERSIGNED~ WITHOUT THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL~ ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOft THIS NOTE) OR OTHERWISE DISPOSE OF OB EN- CUMBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OA SUFFER 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 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 to pay a late charge on such instaliment in an amount equal to 5;~ of such installment 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 col ect~on, ~ ~ 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 jointty 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 fuil, 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 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 ailoK•ed by law. A first mortgage for the security of the aforesaid indebtedness is retained by OiJ'TDOOR RESOftTS OF AMERICA, INC., on Lot No. 905/~~ that certain Condominium knawn aa OUTDOOR RESORTS AT NETTLES ISLAND. and on any improvements, fixtures or after acquired property added thereon~ as shown by plat re- corded in the Office of the Circuit Court in and for St. Lu 'e CA~i~~y Flor' Plst Book 16. page 1:1A _ throngh iJ. 80"~uK (~~O PAGE~~~~ ~ - - - - - . - ~ ~ ~ ~ ~ . ~ , ; ~ z ~ - _ s~.,=~~~~~~~'~~~~-~~ ~ ~ _