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Home My WebLink About2201 ~ ' . _ . ' - ' MORTGAGE ~4~~? s R~bert L. 8anla & Lucille F. Sanle the mortg.?~~?i•, in consideration of the principal sum specified in the promissor~~ note hereafter described. re- ~•~~i~•ed f~Y?m OL'TDOOR RESORTS OF AMERICA. INC., a corporation organized and existing under the Laws ~~f the State o; Tennessee, the biortgagor~ hereby on this__~1~_day of ~Ch - - ~ 19 74 • m~?rt~<<~?e` to the ;~iortgagee the real property in St. Lucie Count~•. Florida. described as: I.ot No.~~$9~~-in that certain condominium k»o~+n as OUTDOOR ~ - RESORTS OF AMERICA AT NETTLES ISI.AND, as own by plat y~ recorded in the Office of the Circuit Court in and foi• St.~6~g unty. tX~- ~O 4U, y~Ep Florida, in Plat Book 16, page 1:1A through 1J. pu , ~ THIS IS A PURCHASE MONEY ~10ftTGAGE~T jo Cr~ fR l~8tf E,~~MFly~ p~ T securit~ for the payment of the promissory note of which the following is ~~p~j~~T~GfR ~I~. ~S ~ p~pfR~ ~ ST, ~ Instaliment Note and Disclosure Statement ~ ~ry F~~ St Lucie Count Flor da ~ _17~37.76 ' ' March 5, 19 74 For Value Received. I, ~~e or either of us promise to pay to the order of OUTDOOR RESORTS OF ~IERI('A, II~'C.. P. O. Box 1116, Jensen Beac , Fior id , 33457 or ~ o~h~pla~e as the holder hereof may t~'i an~ two hun e ir ~1~~::i~,?nate in «ritin~;. the sum of ~~nteeII ~8 y(17, 237. 74 Dollars, ---~ea - tt~i, .um bein~? the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE c' I i ARGE an the amount financed. payable in equal consecutive monthly installments of ? 1?~, 56_ -----~ach. and the first installment to become payable on the_~t day of_May ~ 1~ 74_ , 1nd one such installment to become due and payable on the- l st day of each succeeding month ~iiitif the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ ht~t~?re the final instailment date, the unearned portion of the FINANCE C~IAAGE shall be rebated under ~ the Rule of i8's. - ~ E ' ~ In the e~ent of default in the due and punctual Fayment of any installment on this Note for a period of ~ tt~irty (30) daSs. or if any statement. representation or warranty in any application for the credit evidenced h~- this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT THE PRIOR WRITTEN CONSENT OF THE HC~LDER HEREOF, SHALL SELL. ENCUMBER (EXCEPT f'nR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- c'tibiBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO H:~IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH TI~E CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever e~•idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ciue shall become immediately due and payable aL the option of the holder hereof without demand. presentment ~~r 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 eiays 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 instaliment or $5, whiche~er is less, and in the event this Note _is collected by 1<iw or through an attorney at law or under advice thereof, the undersiKned agrees to pay all cos~s of collection. ~ ry- incladinK 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 se~ erally transfer, convey and assign to the ~~older 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, ~~•ith all costs of collection, ~ and do hereby direct any trustee in bankruptcy 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 indebtedness evidenced hereby, or any renewal thereof, and do hereby, jointly and se~~erall~~, appoint the Holder the attortfey in fact for zach of them, to claim a~ and all homestead exemptions allo~ed by la~•. A first mortgage for the security of the aforesaid indel~tecine;~ is retained US OUTDOOR RESOftTS OF ~1iERICA, 1NC., on I.ot No~089 ~that certain Condominium known sa OUTDOOR RESORTS AT NETTLES 1SLAi~'D, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- rorded in the Oflice of the Circuit Court in and for St. Lucie ('ounty, Florida, in Plat Book 16, page 1:1A ^ through 1J. BOOK~~~ PAGE~r1t'7V ~ r,4 , ~ - - - - _ - _ ~ s - _ ~ ` ~F "•"?~t- K}~~ ~ ~'~s ~=a,=;s„ . ` ~r a.~Y... ~":'"~`a~`~.~z~ . ` - . .x~~h~"t~ s:'.S" . - - - -