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HomeMy WebLinkAbout2058 n,,~ . M O R T G A G E ' Melva C. Delbridcre ~ the mortgagor_, n consideration of the principal sum specified in the promissory note hereafter described. re- ~•ei~~ed from OUTDOOB RESORTS~OF AMERICA. INC., a corporation organized and existing under the Laws of the State of Tennessee. the Mortgagor~ heref,y on this 27th day of M rch 19 74. mortgages to the Dlortgagee the real property in St. Lucie County. Fiorida. described ss: Lot No ~ ~Q~/TT in that certain condominium krtown as OUTDOOR RESORTS OF Ab1ERICA AT NETfLES ISLAND. as shown by plat recorded in the OfTice of the Circuit Court in and for St. Lucie CAUII~~~ rtr Florida. in Plat Book 16, page 1:1A through 1J. ..,~.,y~` . THIS IS A PURCHASE IIONEY 1~iORTGAGS ~~"''h+c~~R'~ ~ as security for the payment of the promissory note of which the foliowing is a copy: Instailmenfi Note and Disclosure Statement ~15.795.00 St. Lucie County Florida ' t~t~-r~. 19~.4_. For Value Received. I. we or either' of us prom ise to pay to the order of OUTDOOR RESORTS OF A~IERICA. INC.. P. O. Box 1116., Jensen Beach. Flor ida. 33457 or a~?~r o~her. ~la€ey tha holder hereof may ~ Fifteen thousand seven 'hun e ni e de.ignate in writing. the sum of f; vP & OOf 100 (15 . 795 . O9 ~~~a~, this sum being the Total of Payments referred to in the Disclosure Statement below~ which includes a FINANCE ;,HARGE on the amount financpd. payable i~_ -60' equal consecutive monthly installments of ~ 263.25-- each, and the first installment to become payable on thp 1st day of J~ 19~4. and one such installment to become due and payable on thp lst day af ea~ch succeeding month untii the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash t;ef~re the fina) installment datp, the unearned portion of the FINANCE CHAAGE shall be rebated under t h e 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 thirty (30) days. or if any statement, representation or warranty in any application for the credit evidenced hy this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOLJT TFiE PRIOR ~VRITTEN CONSENT OF THE HOLDER HEBEOF. SHALL SELL. ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS YOTE) OR OTHEBWISE DISPOSE OF OR EAT- CU;?iBER OR C01~i:~iIT ANY BREACH OF THE biORTGAGE OR PERMIT O~t SUFFER ANY LIEN TO I E~IST ON THE REAL PROPERTY PURCHASED BY THE UNDEftSIGNED AND FINANCED THBOUGH 4 THE 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 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 io exerise the same at any other time. Time is of the essence of this I~•ote. 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 E an amount equal to 5 of such installment or $5, wh;chever is less. and in the event this Note is collected by la« or through an attorney at law or under advice thereof. the undersigned agrees to pay a:l costs of collection, 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 arid severally transfer, convey and - ~:~sign to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such humestead or ezemption as may be set apart in hankruptcy. to pay this note in full. with all costs of collection. ~ nd do hereby direct any trustee in bankruptcy having posse~sion 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 rene~val thereof, and do hereby. jointly and ~e~•erally. appoint the Hotder the attorney in fact for earh of th~m, to claim ar~~ and all homestead exemptions allowed by law. A~-st mortgage for the security of the aforesaid indebteciness is retained by OUTDQOR RESORTS OF ~~~~IERICA, INC., on Lot Nq1~3,L.~~ that certain Condominium knoR-n aa OUTDOOR RESORTS AT \ETTLES ~ I~L:~~ D, and on any improvements, fixture~ or after acquired property a~ded thereon, as shown by plat re- c~~rded in the Office uf the Circuit Court in and for St. I,ucie County. Florida, in Plat Book 16, pa e 1:1A :nroufih 1J. .3/ v~~~ /1'7.~ ~ryEp t IN PAYMENT OF TAXES DUE ON CIASS'C INTANGIBLE PERSQNAL PROPERiY. pURSIIAPIT TO C1i~P1ER 71-134, ACTS j~ 197L - YOGER POITRAS ~(S~'~+~ CkFRR CIRCIIIT OOUHT, ST. U1C1E 00.. ~ gG ~ ~G?a~7 PJt1i=~f.~U~ . . - -.:~:-.r~- - - _ _ . . - ~s d ~ n:rx- _ ti ~~~~a ~ . . y. . _ ' _ '