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Home My WebLink About0568 i ~ r . ~ ' 2~8'7512 ~ ~S ~~c~ MORTGAGE ~ ~ Peter Crane Associates ~ the murt~;ugor, in consideration of the principal sum specified in the promissory~ note hereafter descril,ecl, re- rt~i~~eci f~Y,m OUTIIOOR RF.SORTS OF A11'IERICA, INC., a corporation organized and existing under the Laws ~~f the St.tte of Tennessee, the Mortgagor, hereby on this_.__~~? day of-A~iqust _ . 19?.~_, m~~rt~,?.~ge~ to the ~iurt~a~ee the real property in St. Lucie Co~mty, Florida, described as: Lot No.215~I____in that certai~i condominium kno~rn as OUTDOOR RESaRTS OF A:1'iERICA 4T ?~IETTLES ISi.AI~i), :~s shown b~~ plat ft11. DoC. STwPS recorded in the Office of the Circuit Court in and fur St. Lucie County. ~FlxEp Tp Florida, in Plat Book 16. page 1:1A through 1J. ~ THIS IS A PURCHASE ~iONEY ~fORT(=AGE . securit~• for the payment of the promissory note of which the fellowin~; is a copy: Installment Note and Disclosure Statement - 7, 722_, 00 - . Florida - AuQUSt 11. 19 73 F~~r ~'alue Recei~•ed, I. ~~•e or either of us prom ise ta pay to the order of OUTDOOR RESORTS OF :i~IF,RI('A, iti~.. i.^v. ~ox 1116, Jensen Beach, F1Qr ida, 33d_~7= or any other plac~atl~ 1~~~~~reof may ~lt~~i~*nate in ~+•riting, the sum of Seven thouss~l4~~ev~11_htnd_~ twPntY~ (7.~ O~) Dollars, ri~i. ~i~n~ l,ei~i~ the Total of Payments referred to in the Disclosure Statement Uelow, which includes a FINANCE ~~}~~~(;F on the amount financed. payable in -96- equal consecutive monthly installments of : 80.45._-- _=each. and the first installment to become payable on the___~st day of~'S' ru ry , ~ 1~+ 74_ , and one ~uch installment to become due and payable on the__ lst day of each succeeding month ~ ~,»til the ~~hole of said indebtedness (Total of Payments) is paid. In the event of~prepayment in full by cash ; ~~«~fore the fina} installment date, the unearned portion of the FINANCE CHARGE shall be rebated under ~ the Rule of ?8's. ln the e~ent of default in the due and punctual payment of any installment on this Note for a period of t?~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced I~~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT TFIE PRIOR NRITTEN CONSENT OF THE NOLDER . HEREOF, SHALL SELL. ENCUMBER (EXCEPT F~'nR ANY MORTGAGE «'HICH 1S SECURITY FOR THIS NOTE) OR OTHER~VISE DISPOSE OF OR EN- ('U;~iBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~:.1"IST ON THE REAL PROPERTY PURCHASED BY THE UNDEBSIGNED AND FINANCED THROUGH '1'IIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever c~~•idenced) or bankruptcy of anyone or more of the undersigned, tHen the entire remaining indebtednes~ t1'i~`1i - ~iue shail 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 erercise 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 cfays thereafter, the holder may collect, and the undersigned agrees to pay a late charge ~n such installment in ~ an amovnt equal to 5~ of such installment or $5, whiche~er is less, and in the event this Note is collected by y~~ law• or throuKh an attorney at law or under advice thereof, the undersi~ned agrees to pay all costs of collection. includin~ reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and ~ assi~,m to the Holder a suff'icient amount of such homestead or exemption as may Ue allowed, including suc homestead or exemption as may be set apart in bankruptcv, xn pay this note in full, ~vith all costs of collection. ~ and do hereby direct any trustee in bankruptcy having posses~ion of such homestead or exemptio~ to deliver to 1 ~ the Holder a suflScient amount of property or money set apart as e~cempt to pay the indebtedness evidenced hereL~•, or any renewal thereof, and do hereby, jointly and se~•erall~•, ap~~oint the Holder the attorney in fact for each of them, to claim a~ and all homestead exemptions allo~+•ed bt• laH•. A first mortgage for the seeurity of the aforesaid inciebteclness is retained by OU"TDOOR RESORTS OF :~~iH:RICA, INC., on Lot No215 I$n that certain Con~'ominium known aa OU~'DOOR RESORTS AT NE'TTLES I~I.A\I), and on any improvements, fixtures or after acquired pmperty added thereon, as shown by plat re- ? corded in the Oflice of the Circuit Court in and for St. Lucie ('ounty, Florida, in Plat Book 16, page 1:1A ~ throu~h 1J. d R ~ eoeR ~ PA6E ~s$ ~ , ~ _ - - - - _ - - - ~ . , . ~ r y __6