HomeMy WebLinkAbout0873 MORTGAGE 21'~0~6 ~~'g ~
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'~~f' t1N~1'2},: }.~~~1', 111 l'iitl~lt~t'C.i~11~t1 af the }~l'llll'!~)3~ ~LlTll specified 111 tflP, pron~i~~or~~ nc?te IICYP.iitLt'1' l~t'~CI'I~~.'C~, P~
,~~i~~t~~i fre~n~ Oi'TI)OOR RESORTS nF a\tF.RICA. INC., a corp~~rzti~n or~,?anized xnd exi~tin~r t~nder the I.aw•s
i ,~i the `t.,t~~ uf 'f~•nn..~ee, the ~lortgngor, hereby un this.~`~day of__ ~5~~~ 19~~,
rl:~,rt~•.i~.•c: t~~ tlie \t~~rt~,~.~~:ee the real prnpert~• in St. Lucie ('c~unt~•, ~lorida, descril~ed x~: ~w.~~.s
~f S'Ec~7/Oti~~L cF
I~~t ~o. ~/~`3 I.~in that certain condominium knu~~•n a• OLTI~OR ~~d'~Q~`>>
RESOR'CS OF A.ltF.ttl('A AT \ETTI.F.S 1SI.A\D, ~hu~~•~i L~• plat eP ~A`~ ~a' '
rec~~r~le~i in the Of~ice of the Cirruit ('ourt in and for St. Lucie Count~,~NE';~' ot
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Fl~~rida. in Ylat Rc~k 16, pa~;e 1:1A thrauy~h IJ. 3~. ~,0~~~ J~~
E THIS 15 a Pl'R('HaSE ~10\El' ~10RT(:aG~SS ~~Q~~~~,~~~~~~~~~"
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1. :rrurit~- i~~i~ the ~~a~•mrnt ~~f the ~)1't~tlll~:ttl'}' 110tE' of ~~•hich the fu11o~~~in~,~E~6~ ~,S'~'~<~.~.~', G`~`~J~
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installment Note and Disclosure Sta~ ~~a~
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. ~ Florida
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F'~~r ~-alue Recei~~ed, 1, ~~~e ~~r either ~~f u: ~~r~~mi~e t~~ pa~• to the nrder ~f OL'TI)OOR R~:SORTS OF
~t F:RII' a. I\ 1'. O. K~~x 1116, Jt~n.en f~each, F lor ida. 33457, or anr ~~ther place as the holder hereof may
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, .i~~n:?tc~ ii~ ~criti~i~. the .um c~f _~~It~~[--~~~~t - l~(U~lc'~ ---~L111~~~ - tl~~~i Ilollars,
~url~ l~t~in~~ the Total ui Pa~~nient. referred to in the I~i.clo.ure Stateme~it belo~•, .vhich includes a F']ti'ANGE
~ ~ f I aIZGF: c~n the .im~nint tinancec~, pa~•abte in__ _equal con~ecutire monthly installments of
i=; 7 ~
~ f_~ C'.• ~ each, and the fir~t inctallmPnt to become payable on the__2`-' ~_~da~~ of_ y~'~~__,
~'1 i:~ ,~?nd ~~ne ~urh in~talln~E~~~t t~~ her~~me IiliP and pa~•a1,le the .~x da~- of each succeedin~ month
,r r~l tht~ ~+~hult~ ~~f ~ai~l in~iet,tecine~. (T~~tal ~~f 1'x~•ment.) i~ paid. In the e~•ent of prepa~•ment in full b~• c~Sh
~;~~rt~ thc~ ti?zx! ;n~tallmc•nt d~itt~, the une.irneci pcirtion of the FI\~ti('E ('HARGF, tihall be rebated under
- I:i~lt~ ~,f i'~'~.
' I?? the t~.~ent ~~f default in the duc~ and punrttial pa~-ment c~f any instailment an this \ot~ for a period of
''•:irt~• 1301 ~~a~'~. ~~r if an~- ~tatement, repre~entation or ~+•arrant~• in any application for the credit evidenced
thi. \~~te i~ fnimd t~~ he untrue in an~~ material respect, or in the e~•ent TNE t'~1I)ERSIGti'ED, ~ti'ITHnLrI'
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"ffiE: PRI()R 1ti"R1"I"TI~:\ ('()\~F.~T (lN' TIII~: N(ll.i)~:R HEREOF. SHAI.I. SEI.I.. F.\Ct!~IBER (EYCEPT
= I~~?R ~\1" ~10RTt;~~;~: ~~'F11t'f~ t~ ~F.~'t'KI'I'1' FOR TNIS :~OTF.I nR nT~{F.Htit'ISE UISPOSE OF OK F,:~-
~['.~IHr:R OR ('ti~i~TIT A\l' R1?F:A~'ll (~F' THE ~iORTt:AI:E ()R PF.R1iIT OR S[!FFER ANY LIE:`' TO
r~ I~;\I~T t)\ THF. RE:~I. Yf:()f'i~:l:'fl' PL'R('E{:~~EI) BY TtIF: L'\I)~:P.~I(;\F.I~ A\I) FItiANCED THROUGH
= I'}IE ('Y.~:I>IT E~'II>N:~('El) Kl" TH15 \OT~: ~~r in the e~•ent of the incnmpetency, insolvenc~• (hoa~soever
idenred) c~r f,;~nkruE~tc~• ~~f ~ny'~~ne~ ~~r m~~re ~,f thc~ under~i~;ned, then the entire remaininK indebtedness then
~iue ~hail }~ec~~me imm~~~iiat~~!}• .ir.cl {~.t}•ai?le .~t the upti~~n ~~f the holder here~f «~ithout demand, presentment
,r nutice af any ki~:d. A?~~- 1<iil>>rf~ ~~f h~~idei- tu t~xrrci~e ~.iid opti~m ~hxll not c~~nstitute a~-ai~~er of the right
t~~ e~ercise the ~ari:e .+t :tr:,: ~~z}~~~r ti;iit~.
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Time i, ~~f tht~ c~~~rr.a~~~ thi< \~~;t. In th~~ e~•ent an~• in,tallment is not i~aid K•hen due or uithin ten
~ia~•. thereaftPr, thE~ h~~i~i~~r n~~t~- r~~ll~~rt, arcl the i:rnier~i~.~ned a~,*ret~: t~~ px~~ a late char~~e ~~n ~uch in~tallment in
~ :~n amc~ijnt e~~~ual .,i~~t~ in,t:~ilr:i~~nt r~r ~~-hirhe~~er i~ 1~~~~, an~l in the e~•ent thi~ tiote is callected t,y
f.i~c ~~r thr~~iiy.•h an ~ittu?-r.e}- at la~~ „r ;~~;;ler aci~•irc~ thc~rr~uf. tht• un~l~r:i~ned <<~,•ret~~ ti~ p=i~• aU co~ts of c~~ll~•ction,
:!ll'~li~jl?1}; t"t'.Ia~~li:it~~t' :it~~~i'iit•~'~~ :l'k'~ .i(lt~ ('~~UI'~ Cl~~jti j~~ t}1P l'Xit'tlt OP?'Tillt~Pf~ F~~' ~''lurida lii~S.
- Thc~ un~ler=i~,~?~t~ci and all en~l~~r~t~?-~ ~~r ~~thi~r E~~irti~~: t~~ thi~ n~~te~ j~~intl}• and .e~•erall~• tran~fer, con~•ey and
_ a::i~i: t~~ the il,~l~le~r a~~j;tirietrt am~~unt uf ~i~~h h~~n;t~:tc~acl ~~r eXPRljl~luTl <<: mu>~ i,e S~IUN'E!(~. includinK ~uch
h~~me.tf~ad ur ~~x~~Rl~ltlull ma~' he sc~t a~~.irt in Irxnkru~?tc}~. t„ },:i~• thi~ n~~te in full. µ•ith all c~~~ts cif coliection,
and du herel~}- dire~•t an}- tru~t~~ in hani~r,:~~,c}- harin~,~ ~~~~~~~~~i~u: ~~f .uch h~~me:tc•.id ~~r c~~emption to deliver to
thE~ Hulder a~~~tlirient amiiunt c~f ~~ruE~ert}• ~~r memey ~et a{~.irt exempt t~~ ~~a~~ the it~dehtedne:?s evidenced
hc~rei~}~, ~~r anc r~~n.•«:il thc~renf, an~1 ~I~~ h:~rri~}-. ~~+intl~• an~i :t•~c~rall}~. .~E~~~~~inE tht~ H~~I~It•r the att~~rnet• in fx~t f~r
rach ~~f them, t~~ rlatm an}• and ~ill h~~mc~~tt~a~f exern{~ti~~?:~ ,ili~~~+E~ii t~~- IaH~.
a tir~t m~~rt~;.~~;~~ fur the ~ec~ur}IF ~~f thc~ af+~rr~ai~i in~lt~htcdt;~~~~ i. r~taine~i k~~~ OUTIIOOR R~:SORTS OF
:1~i~:t{(('a. I~('.. ~~n l.~~t \~,.~`}~~.~~firt~i~~e{~iin l'~md~~minium kn~wn a$UC.'TI?()()R ft~:~()RTS AT ~iHTTLF.S
i ~I, a\ 1?, ar~1 nn an~- impr~~~~ements, fixture~ ~>r afier ac~~uired E~r~~perty added there~~n, as .h~~K•n bp plat re-
;~,r~i~~i in tht~ Ollire ~~f the 1'ircuit t'~~urt in an~i f~~r ~t. I.ucie ('~~unt~•. F'I~rrida, in Plat Bcwk 16, page 1:IA
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