HomeMy WebLinkAbout0869 MORTGAGE 21'7Q33 y. s ~ ~
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fit;riMAN/ahD JE~N~LL i;LEShC 21855 r~anor~ Court rar:r.ington~Michigan 48024
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~?~r murt~,~.i~,?ur, in r~~?i~iderxtion uf the prinri~il .um specihec~ in the promi:•: or~• nnte hei•e~c~ter described, r~
~~•i~~ed fr~~m (1L'TI)(lOR RESOPTS OF' A.IiERICA, INC., a corporation org.~n~zed and exi::tin~,? wider the Laws
,~i thr ~tate uf Ten»e.~ee, the DiortKagor, hereby~ on this__27 __d~y of__'~~_____- 19 71.
n~~~rt~a~,~e. tu the \1u?•t~;~i~;ee the real propert~• i~i St. Lucie County, Florida, described as:
~ Section 2
Lot No.1286~ in that certain condominium known as Oi~TD~UR
~ RESORTS OF ADIERIC'A AT \ ETTLES IS1.A~ D, as shown Uy plat
rzcorcied in the Oflice of the Circuit Cotirt in and for St. [.ucie f'ounty. ~,ti ~',~~~-R
; Florida, in Plat Book 16, paRe 1:1A through 1J. ~i:'~:.,~
E ~a ; ~
TNIS IS A PURCHASE :NO\E~ 110RTGAGE }~1~~~ `
~ecurit~• for the pa~•ment of the promissor~~ note of Hhich the follo~ring is a copZ ~~,~~=J~
;
~ installment Note and Disclosure S~~~~e~,~~~~ ~r, ~.Q~
~ ~ S ~~q'~~' ~ ~ c.
c~ J~
: ~~~.00_`_ ` 1~~`~-ot~'~Y Q~~lorida
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C c°~ 71
J ul a5 -~e . ~ ` 19 _
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~ f~ ~n• ~'alt~e Recei~•ed. I, ~~•e or either of us prom i~e to pay to the order~ fiOL~TDOOR RESORTS OF
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st :1~tERI('A, ItiC.. P. O. Box 1116, Jensen Beach, Flor ida. 33457, or any other p ace as the holder hereof may
~?~~~i~;nate in «•ritin~, the sum of Jix tilousand fcur hundred thirt,v five ~b43;.OC ~ Dollars,
;hi: ~um bein~? the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE
- ~II~RGE on the amount financed, pa~~able iit-_ ~0 equal consecutive monthly installments of
i ~
1Q7.2~each, and the first installment to become payable on the~Q-day of Sentember ~
~ 1~? ~i and one such installment to become due and payable on the 10 day of each succeeding month
- ;:ntil the w•hole of ~aid indebtednes~ (Total of Payn?ents) is paid. In the e~•ent of prepayment in full by cash
!~•ture the final in.tallment date, the unearned portion of the FINANCE CHAFGE shall be rebated under
= ; he Rule c?f i t~'~.
" !n the e~•ent of default in the due and purictual pa~•ment of any installment on this ti'ote for a period of
_ ~hirt~• (30) da~•~, or if any statement, representation or w•arrantS• in any application for the credit evidenced
_ this :~'ote i~ found to be untrue in an~• material respect, or in the event THE UNDERSIGNED, WITHOUT
"t'HE PRIOR «'RITT~::~ ('n~SF.\T O~ THE HOI.DER HEREOF. SNALI. SELL. ENCUMBER (EXCEPT
E'~lR A\1' :ViORTGAGE «'H!('H l~ SF.CL'RITS' FOR THIS NOTE) OR OTHER«'ISE DISPOSE OF Oft EN-
~~C~iBER OR COti11~iIT A`l' RR~:A('N OF TNE MORTGAVE nR PERMIT OR SUFFER ANY LIEN TO
F:~IST ON THE RF.AL YROPERTl' YL'RC'HASED BY THF. L\'DFRSIGNED AND FINANCED THROUGH
~1~}{E CREI)IT E~'InE\t'EI) B~" T~IIS tiOTE or in the e~•ent of the incompetency, insolvency (howsoever
- t~~~idenced) or bankruptc~~ of an~•one or more of the under~iKned, then the entire remaining indebtedness then
= ~i,~e ~hali become immecl~atel~• due and pa~•able at the opti~m of the holder hereof w•ithout demand, presentment
' ~-r notice of any kind. Any failure ~~f holder to e~ercise ~aid option shall not constitute a waiver of the right
t~~ exercise the same at an~• other time.
Time is of the e.~ence of thi. \~~te. In the e~•ent an~• installment is not paid when due or within ten
- ~ia~•s thereafter, the h~~l~ler ma~~ cvllert, and the undersiKne~l aKrE~t ~ t~~ pay a late charRe on such insEallment in
an amount eyual to v': nf ,uch in~tall?z:eirt or ~5, w•hiche~~er i~ le~~, and in the e~ent this Note is collected by
f` la~~~ ~~r thr~~uKh an attorne~• at la~~~ ~!r under advice therc~~f, the t~nder~iKned aKrees to pay all costs of coltection,
= ;ncludin}t rea~on~ible attorney'~ fee: ~~nd court c~~.ts t~~ the estent ~?c~rmitted hy~ Florida law•.
The under:iRt~ed and all endc?rsers or nther parti~~. t~ thi: n~~te jc~intly and se~~erally transfer, con~•ey and
= a~~i~;n to the N~~lder a sufficient amount uf ~uch h~me:tead ur exempti~n as may~ be allc,wed, including such
home~tead or ~xemption as may~ i,e set aE~art in hankruptr~•, t~ pa~• thi~ note in full, with all costs of collection,
- and d~ heret~}• direct any trustee in hankraptc~• ha~•ing pu..e.~~inn ~~f such h~~me~t~ad or exemption to deli~er to
the Hc~lder a~utlicient amount of pr~pert~• t~r money set aF~art as exempt to pay the indebtedness evidenced
hereh~•, ~~r an~• renew~al thereof, and d~~ heret,~•, }ointl~• and :ecerall~•. appoint the Holder the attorney in fact for
_ each ~~f them, t~~ ciaim ant• and all homestead exemption. ali~~«~ed h~- i~H~.
A fir~t mortkaKe for the securPit~• ~f the aforesaid in~ehtecinr~~. i~ retained i?}~ Ot.'TI~OR RESORTS OF
~~1ERICA. I;`C., on I,~?t tic~2~~in ~htat~certain Condominium known as OL'TDOOR RESORTS AT 1~'ETTLES
ISI.AtiU, and on an}• impro~~ements. fixtures or after acyi~ired property added thereon. a.g chown by plat re-
- c~,rded in the Office of the Circuit ('ourt in and fnr St. I.uci~ ('~unt~•. E lor:da, in Pl~t Book 16, page 1:1A
_ throu~,~h 1J. ~ c~ -r Q F! ~
7s~.~« r>>~~.r .~.IQ.,~z,, ~ ig 59
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~ ~ 1 ~-~-fl.~~/ ..tc ;`Sc k.2t -h.c-Cr 1/ ~ ~a ,t ' l! L r ~M
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