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Home My WebLink About0022 - ~ -'~r~^'r_~~ 3~.3230 ~ . } ~ a MORTGAGE ` ~ _ i Mr.. J. R. Bigelow and~Ruth D. (his wife) ~ the mort~;a~;or, in consideration of the principal sum specified in the promissory note hereafter described. re- r~ i~•ed frum OUTDOOR RESORTS OF AAiERICA. INC., a corporation organized and existing under the Laws ~~i the St~te of Tennessee~ the 14iortgagor, hereby on thi~ 21st day of May ~ 1975 murt~a~;e~ to the 1~lortgagee the real property in St. Lu ie County. Florida~ described ~ ~ D,~ -.S~d / /b~~'-D~d , oE ~ `r. ~ Lot No 872~I1 in that certai~con~ominium known as O~~OR. Qa° l RESORTS OF A11iERICA AT NE'I"TLES ISLAI~'D. as shown by plat S;~~~?~cf~ ~9~ recorded in the O~ice of the Circuit Court in .and for St. Lucie County, ~1 o~ ~ Florida. in Plat Book 16, page 1:1A through 1J. ~ THIS IS A PURCHASE MONEY MORTGAGE ~~~~~~.~~a~'~ As security for the payment of the promissory note of which the following is a co~~ G\~~ - Installment Note cnd D~sttosure Stateme~it ~ a_ 8~ 774.40 St. Lucie Cour.ty ~orldd ~ . ~ ~ May 21, I9 S For Value Received. I. Ke or either of us promise to pay to the order of OUTD30R RESORTS UI' ~ :~'~iERICA. INC., P. O. Box 1116, Jensen Beach, Flor ida, 33457, or any other~ place the h ld }~e~ m~y ~ ~our ~ ~0l10~7 ~ desifinate in vrriting. the sum of Eight thoussnd-seven hundred seventv (.g*,~,?~p) ~~ja~~ this sum being the Total of Payments referred to in the Disclosure Statement below. which includes a~INANCE ~ 7 CHARGE on the amount financed. payable in 60 equal os~naecutive monthly iustsllmerits of ; 146.24 ea~h, and the first installment to become payable on thp lst' '~ay of August 3 19 ~ 5, and one such installment to become due and payable on thp 1 s t day of each succeeding month ~ ~ until the whole of said indebtedness (Total of Payments) is paid. In "the event of prepayment in full by cash } before the final installment date, the unearned portion of the FINANCE CHAAGE shaU be rebated under ~ the Rule of ?81s. . - , ~ In the event of default in the due and punctual payment of any instaUment on this Note for a period of ~ ; thirty (30) days, or if any statement, representation or warrsnty in _any application for the credit evidenced ' by this Note is found to be untrue in any materiai respect, or in the event THE UNDERSIGNED, WITHOUT ~ ; ; THE PRIO~t WItI1TEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBF~t. (E%CEPT ~ ~ FOR ANY MORTGAGE WHICH 1S SECUftITY FOB THIS NOTE) OR OTHEBWISE DISPOSE OF OIt EN- ~ GUMBER OR COMMIT ANY BREACH OF THE MOHTGAGE OB PE~tMIT 08 SUFFEIt ANY LIEN ~O ~ EXIST ON THE REAL PROPE~tTY PURCHASED BY. THE UNDERSIGNED AND FINANCED THAOUGA ~ ~ THE CREDIT EVIDENCED BY TIiIS NOTE or in the event of the incampetency. insolvency (howaoever ~ evidenced) or bankruptcy ef anyone or more of the undersigned, then the entire t+emaining indebtedness then ~ ~ due shall beoome immediately due and payable at the option of the holder hereof without demand, presentment ; or notice of any kind. Any failure of holder to eaercise said option shall not oonstitute a waiver of the right ~ to exercise the ssme at anq other time. i . , ~ Time is of the easence of this Note. In the event any installment is rot paid when -due or-within ten € days thereafter~ the holder may collect, and the undersigne~ agrees to pay a lat~ charge on such instaUment in " ~ ; an amount equai to 5~ of such instaliment or $5~ whichever is less, and in the event this Note is ooUected by E law or through an attorney at law or under advice thereof, the undersigned agrces ~to pay.all oosts of collection, including reasonable attorneq's fees and oourt costs to the extent permitted by Florida law. ~ ~ The undersigned and all endorsers or other parties to this note joint~y and severally transfer. oonvey and ~ assign to the Holder a suffi'icient amoun# of such homestead or exemptioTM as ~ay be allowed, ;tncluding such ; homestead or exemption as may be set apart in bankruptcy, to pay this note in full~ with all costs of collection, and do herebr direct any trustee in bankruptcy having possession of such homestead or exemptioh to deliver to ~ the Holder a suf~'icient amount of property or money set apart as exempt to pay the indebtedness evidenced ' ~ hereby, or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the-atto~ney in fa~t for ' each of them, to claim ~ and all homestead exemptions allov?ed by law. - ~ ~ ; . t A first mortgage for the security of the aforesaid indebtedness is rgtained by OLJTDOOR BESORTS OF AriERICA, INC., on Lot No. 8~~that certain Condominium known 8s OUTDOOR RESORTS AT NET'rLES ; ISLAND, and on any improvements, fixtures or after acqu'ired property added thereon, as shown by plat re- i ~ corded in the Ofi'ice of the Cireuit Court in and for St. Lucie Gounty. Florida, in Plat Book 16, page 1:1A t ~ through 1J. ~ ~ BOOK 24~ PACE ~ ~ F ?-~'k' i 5 ; v : _ _ . ~a,~ ~ _ h , ~ ~ ~ . ~ ~ ~f ~ ~ ~ - - ~ _ . ,