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Home My WebLink About0671 ~ ~ ~ ' ' . ~ . ~ ~ " 28`7g9i `Iv~~O R T G A G E ~ ~ _ . ~ ~ ~ ~ ~r . Angelo Zeno, Jr. &_Theresa Zeno (his wife~ • , the mortgagor. in considerfltion of the principal sum specified in the promissor~• note hereafter described, re- ~~~~i~•ecl from OLTTDOOR RF.SORTS OF AMERIC~1~ INC.. ~ co ration or ?nnized and existing under the I~ws 24t~i ~ebruary , 19 ~4 , ~~f lhe Stute of Tenne.~see. the Mortgagor. hereby on this_- _-da~• of__ m~~rtg~~~es to the Mortgafiee the real property in St. Lt~cie County. Floridz, described as: ~t ~01153/II_ _~n that certain condominium kno~cn as OUTDOOR RESORTS OF A11iER1CA AT hF.TTI.FS ISLA\D. as sho~~n by plat recorded in the Office of the Circuit Court in und for St. Lucie County,_ Florida. in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE NONEY 1[ORTGA(~E •ecurit~• for the payment of the promissory note of which the following is ~ copy: - Installment Note ond Disclosure Statement c 9 7 20 . 00 Fu S t. Luc ie County , Ftorida ~ - . ~xtxm m 74 ~ ~tw~ tro~ Februarv 24~ _ 19 Frn• Value Recei~ed. I, ~+•e or either of us pi-omise to pay to the order of OUTDOOR RESORTS OF :~~i~:Rl('A, INC.. P. O. Box 1116, Jensen Beach, Florida, 33457~ or an other place as the holder hereof may Nine thousand seven hundredy twenty . ~q: 720.00 ~ Dollars. ~i~~:i~,~nate in ~+~riting, the sum of -__---~-~f-~0 t;,is sum Ueing the Totat of Payments referred to in the Disclosure Statement below, which includes a FINANCE c~IIARGE un the amount financed. payable in -60- equal_consecutive monthly installments of ; 162.00 __each, and the first installment to become payable on the lst day of- M~Y . ~ 1~~ 74__, and one such installment to i~ecome due and payaUle on the-lst day of each succeeding month ; u?~til the v?hole of said indebtedne.5s (Total of Payments) is paid. In the event of prepayment in full by cash ~ !~t~fore the fina} inGtallment date, the unearned portion of the FII~'ANCE CHARGE shall be rebated under ~ nc~~ Rule of i8's. ~ In the e~ ent of default in the due and punctual payment of any installment on this 1?ote for a period of ~ thirt~ (30) da~s. or~ if any statement, representation or v~arranty in any application for the credit evidenced ~ F~~- this r'ote is found to Ue untrue in any material respect, or in the event T~iE UNDERSIGNED, WITHOUT ~ TI{E PRIOR ~'~`RITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL~ ENCUMBER (EXCEPT N't~R A?~'Y MORTGAGE ~VHICH 13 SECliRITY FOR THIS ~`OTE) OR OTHERWISE DISPOSE OF OR EN- ~'LT1~iBEft OR COMh11T ANY BREACH OF THE MORTGAGE OB PER~iIT OR SUFFER ANY LIEN TO - I~:.l"IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGI~ED AND FINANCED THROUGH TfiE 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 indebteclness then ciue shall become immediately due and payable at the option of the holder hereof without demand. presentment ~~r notice of any kind. Any failure of holder to exercise ~aid 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 installment in an amount equal to 5"~ of such installment or $5, whiche~er is less, and in the event this Note is collected by la«• or through an attorney at law or under advice thereof, the undersiRned agrees to pay all costs of collection. includinK reasonable attorney's fees and court costs to the extent permitted b3 Florida law. ~ ~ The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and ~ assi~,?n to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such ~ h~mestead or exemption as may be set apart in hankruptcy, to pay this note in full, ~tith all costs of collection, and do herel~y direct any trustee in bankruptcy ha~ ing possession of such homestead or exemption to deliver to ~ the Holder a suflicient 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~~erally, appoint the Holder the attorney in fact for each of them. to claim a~ and all homestead exemption. aUoH•ed by law•. ~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF ~;~I~:RICA, rNC., on Lot Ir'o~-153/7~~ that certain Condominium known se OUTDOOR RESORTS AT NETTLES ISI.Ai~D. and on any improvements, fixtures or after acquired property~added thereon, as ahown by plat re- rorded in the Office of the Circuit Court in and for St. I.ucie County. Fiorida, in Plat Book 16, page 1:1A throu~,?h lJ. ~ BOOK PAC~ U~~ ~ - - - ~ - _ ~ _ _ ~ ~