HomeMy WebLinkAbout2646 - ~ - - • ~ ~ - - -
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. RO~~FQ POITRAS ~
- _ James C. Blaclcaell d M~ril~m R Black~rell Ihiactr~l~~;~• : ? ~•R ~ - , ~
the mortgagur, in consideration of the principal sum specified in the promissory note hereafter described. re-
~~~~i~•ed from OUTDnOR RESORTS OF AMERICA. INC., a corporation organized and existing under the Laws
~~f t:~e State of 1'enne~.ses, the Mortgagor, hereby on this 26~ day of JeAUa~'Y , 19 74 ~
m~?rtgages tu the Diortgagee the real property in St. Lucie County. Florida~ described as:
Lot No.810~SI---in that certain condominium known as OUTDOOR
RESORTS OF AMERICA AT NE'ITLES ISLAND~ as shown by plat
recorded in the Office of the Circuit Court in and for St. Lucie County.
Florida, in Plat Book 16. page 1:1A through 1J.
THIS IS A PURCNASE MONEY MOftTGAGE
security for the payment of the promissory note of which the following is a coFy :
Install~e~.t Note and Disclosure Statement
V
~ ._~~~...~g pU . - - ~ ' ca ~'t• LUC~ ~n11Str---~ '~OTI(~S
RSitAN~ 1Q C._.. .~r,
aT~lla=~_~t
~ ~M~RJH`'~j N~~ .rt 10/ 1. 19~4_
For Value Recei~~ed. I, we or either of /us. promise Fto pay to the order of OUTDOOR RESORTS OF
a~iERICA, INC., P. O. Box 1116. Jensen Beach. Flor ida. 33457, or any other place as ~~o~c~er hereof may
v
~le::ignate in ~vritinfi, the sum of ~ousand two_ hundred eighty-oue &(9, 281_ 28 ) Dollars.
this ~um being the Total of Payments ref~rred to in the Disclosure Statement below. which includes a FINANCE
~ ('i1ARGE on the amount financed, payable irL-_ -96- equal consecutive monthly installments of
f ~ 2f~._6~- each, and the first installment ta become payable on the lst day of J~ .
' 1924 and one such instailment to become due and payable on the_ lst day of each succeeding month
i ~~ntil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
~ l~efore the fina} installment 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 installment on this Note for a period of
tt~irty (30) days. or if any statement. representation or warranty in any application for the credit evidenced
t~~• this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED, WITHOUT
THE PRIOR ~'1~'RITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBEB (EXCEPT
F'OR ANY MORTGAGE WHICH 13 SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
t'UMBEA OR COMMIT ANY BREACH OF THE MORTGAGE OR PEftMIT Oft SUFFEB ANY LIEN TO
EIIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNEI3 AND FINANCED THROUGH
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
nr notice of any kind. Any failure of hoider 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 installment in
<f an amount equal to 5 i~ 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 collection,
includinR 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
~ 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 bankrvptcy, to pay this note in full, 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 se~~erally, appoint the Holder the attorney in fact for
each of them, to claim any and all homestead exemptions allok•ed by law. "
~
A first mortgage for the securitv of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF
~ AMERICA, INC., on Lot No810 I~n that certain Condominium known aa OUTDOOR RESORTS AT NE'ITLES
~ ISI.AND, 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. Lucie County, Florida~ in Pl~?t Book 16. page 1:1A
~ through 1J. r~R~
- ADQR!( ~?c)t! PAOE ~.Ll~J _ ~
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