The URL can be used to link to this page

Home My WebLink About0474 ~ ! , ' , ~ ~ . - t . ~ j - - M O R T~ A G E~ . 3281.~f3 ROBERT H. and GTHERINE R. BRI1~lC 640 Ridqe Street Lake Worth ~'la. 33460 - , th~ mortgagor, in consideration of the.principal sum specified in the-promissory note hereafter descriUed. r~- ceived from OL)TDOOR RESORTS OF AMERICA, INC., a corporntion organized and existing under lhe Lawa of the State of Tennessee. the Mortgagor. hereby on this 26th day of August , 1~ 75 . mortgages to the Mortgagee the real property in St. Lucie County. Ftorida~ described as: Lot No. 571 I= in that certain condominium known as .OUTDOOR. ' ~ RESORTS OF AMERICA AT NETTLES ~ISLAND, as shown by plat ~ recordeci in the Office of the Circuit Court in and for St. Lucie County, ~ Florida. in Plat Book 16, page 1:1A through 1J. ~'~'~~sEns ~ _ ~ or~uc •1~5A,? ~"O/-6 757~`"~-Z THIS IS A PUI~CHASE MUNBY MORTGAGE As security for the payment of the promissory note of wjjich the following is a co~y: ~ Instaliment Note ond Disclosure Statement ~ $ 8287. 80 - ~ ~ ~ ~ St~. Lucie County ~orida ~ 1~l~ ' qR ON ~IA~'C MRAIIRI~.E ~'~^.p'~Rl MlOPER1~~ Au u - p~r ~a c+~,r.;. . . ~ ~ ~yn. 4 st 26~ 1975 . 1975 For Value Received. I. vy~~t o~RtlMer~of us proriti~" ~oupay to the order of OUTDOOR RESOItTS OF AMEBICA, INC.. P. O. Box 1l16. Jensen Beach. Flor ida. 33457. or any other place as the holder hereof may de~i~nate in writin~, the sum of Eight thousand t~to hundred eighty seve~ & 80/1Q~0~~8~.80) this sum being the Total of Payments referred to in the Disclosure Statement below~ which inc~udes a FINANCE CHAt~GE on the amount financed. payable in 60 tsixty~_ equal consecutive montihl y installrnents of ~ 138.13 ~ch, and the first ins~alIment to become pay~ble on the lst day of Nove~b~r _ . 19 75 . and one such installment to become due and payable on thp lst day of each suc~~edSng month _ j until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in fuli by cash ~ ; before the final installment date. the unearned portion of the FINANCE CHABGE shall be rebated under ~ the Rule of 78's. In the event of default in the due and punctur,l psyment 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 by this Note is found to be untrue in any rt~aterial resp~ct, or in ~the event THE UNDERSIGNED, WITHOUT THE ~PftIOft WRITTEN CONSENT OF THE HOLDEB HEftEOF. SHALL SELL, ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOB THIS NOTE) OB OTHERWISE DISPOSE OF OR EN- CUMBER OR CObfMIT ANY BREACH OF THE MOATGAGE Oft PEBMIT OR, SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then due shall become immediately due and payable aL 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 to exercise the same at any other time. ~ Time ia of the essence of this Note. In the event any instailment is not paid when due or v?ithin ten days thereafter, the holder may collect, and thP undersigned agrees to pay a late charge on such installmen~ in an amount e~ual to 5% of such installment or $5, whichever is te.4s, and in the event this Note iA collected by ~ law or thraugh an attorney at law or under advice thereof. the undersigned agrees to pay all costa of collection,~~, including reasonable attofney's fees .And court costs to the extent permitt~d by Florida law. F . ~ The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and N assi~tn to the Holder a sufi'icient amount of ~uch homestead or exemption as may be allowed~ ~ncluding such ~ homestead or exemption as may be set apart in bankruptcy. to pay this note in full, with all costa of collection, and do hereby direct any trustee in bsnkruptcy having possession of such homestead or exemption ~o deliver to ~ the Holder a sufi'icient amount of property or money set apart as exempt to pay th~ indebt.~dn~ss evidenred hereby, or any renewal thereof, and do h~reby. jointly and severally, appoint the Holder the at±orney in fact for ~ each of them, to claim any and all homestead exemptions allowed by law. ~ ~ ~ A first mortgage for the security of the aforesaid indebtedness is retained by UUTDOOR RESORTS OF AMERICA, INC.. on Lot No. 5?1 in that certain Condor,~inium known aa OUTDOOR RESORTS AT i~TETTLES ~ ISLAND, and on any improvements, fixturea or after acqnired property added thereo~, as shoKn bp plat re- corded in the OPfice of the Cireuit Court in and for 3t. Lucie County, Florida, in PIaL Book 16, pa$e I:IA t~rr~ ~.T _ ~ - ~ - - - - _ , ~ ~ : ; . -