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HomeMy WebLinkAbout0897 MO RTGAG E ~1~'0~~ ~ - , . . _ _ - - •i m~~r?~.•~?~,ru~ ~~~~~~Z•ideration of the pri ipa .um specihed in the p mi~~ • nute heret:fter ~le.cril,ed, re- .~~i~~ed froni Ot'TI~OOR RESORTS OF A~IERICA. I\C., a cor ;atioii urgal~i e ~?d rxi~cin~~ :::::?~r +.h~ Law•s ' the ~tatt~ ~~f T.~it~e::ee, the 1lortKagor. herebt• on thi~-~.~~~~c --d~)' ~~f-- _ ~ 19.~. ^:~~rtL.~~.~e~ t~~ the ~i~u•t~,~u~,•ee the re~~l propert~• in St. Lucie ('ount~•, Florida, de ihec~~~-. ~ SE~ ii~.: .1~ l.~~t \ d'~n that rertain condominium {CI1C?V~'ll a~ OL'TUGUF. hE~(l T` OF A~iERI('A AT \E"I"I'I.ES ISI.~1\n. ~~luR'll 1?~~ plat rer~~r~le~l in the Otlice ~~f the l'irruit ('uti?•t in ~?nd fe~r St. Lu~:~ ('uunt~•. ~~E,-<;`~• ~'Inrid.i. in Plat Rc?c?k 16, pa~;e 1:IA throu~h 1J. QP.~~'~ ' THIS l~ Pl'RC'HASE ~IU\I~:l' ~IONT(::~(:E 1~' ~ c~. ,~~~•~n-it f„i• the •~.?~~n~r~nt ~~f thE~ ~rumi•,ur~• n~~te of ~~•hich the f~~ll~~~~~i~i = i, a l'o P G k 1 N~9`~'.PCC:' ? 1 C ~ ~ `~t - , a ~ Installment Note and Distlosure ~'~~z~"`~\~,,'`~ ` c~~ ~ ; o N (11 ~ a ~ ° ~ ~ ~ lorida ~ _ _ e~i o~`C~ ~ _ - - a ~ - 19-1 f ~'~~r ~",~lue Krrei.•e~i, l, <~r c~ither uf u~ {n-~mii.E~ t~~ pa~~ t~? the ~rd ~OL`TI~OR R~:SORTS OF :1~tf~:hl~'~, I\('.. 1'. (l. Ru~ 1116, en~en I;each, Florida, 33~57, or an~• ~the~place a. the holder her~f may .~~:i~natr in ~~-ritis~~:. tht~ •um ~~f.~~'~~--~ 4C~1l~~l1~1 - ~n.~ Dollars, ~~:m l~~~in~ thc~ Tut.il of Ya~•ment. ref~rrfd to in the I~i.rl~~~ure~e t t?elo~~•, ~~•hirh includes a I~ I~'ANCE ~ i{:~RGF. c~n tht~ am~~unt financed, pa>•~hle in__ ___.eyual consecuti~•e monthly installments of ~ I~• vC~ r.u~h, n~i~i the fir~t installment t~? become pa~-al,le on the_~ _ day of p~t~•a},If ~~n thc ~ da~' of each succeedinR month ~ , .in~l r~n<~ :tarh in<t:tllmc~n± t~~ t~c~~~>me ~lue atid ~ ' ~ "I r:~il the ~~~h~~lc• ~~f ~aid in~:~~i~tedne.~ (T~~tal ~~f Pa~•ment.) i. E~aid. In the e~~ent ~~f prepa~~ment in full by ca.5h = ~.~~f~~r~~ tht~ tinal in~tatlmt~nt date, th~~ unear~~ed ~+rtion of thc~ FI\ a1~('E ('iiARGE shaU 1~e rebated under _i 'tlt' ~\II~P Ilf 12~~a. - In the e~-ent ~~f def.?ult in thc~ ~fi;r :snd Fntnctual ~~i~•ment r+f an}• installment on this \ote for a period of ~~;irt~~ 131?) da~-•. ~~r if an~~ ~tatE~ment. r~~}~re,entatiun or «~arrant~• in an~• application for the credit e~~idenced thi: \~te i. fc~und t~~ 1~e untrue in an~• m.iterial respect, or in the e~-ent TNF, UNUERSIG\ED, ~`'ITHOL°I' = ~~Fl~: PRI()R ~~'RI"IT~:\ c'()\~~:~T n~' Ti{~: iI()I,t)ER HF;REOF. SHALI. SF.I.I,. ~:N('L~iBER (EXCEPT I~'+~R ,~\1" `t(~kT~:ac:E 1~'{il('li 1~ ~I~:t't'Ftl'I'1" F()R T1it5 \OTc.1 OR nTNEIt~t'ISF. I)ISPOSE nF OR EN- ` ~'t'\IBE:ft ()K l'()11~tIT a\l' Kftl~:At'fl ()F' 1'IiE~: ~iOEtT(:At:H: (1ft I'r:R311T OR St.'FFF.R A\1' I.IEti TO E•:\I~T 'ftiE RF:AL E'I:(?1'I~:}:~'1' I't'}Zl'1iA~E~:I~ RY TIi~: i'\I)~:KSIGtiE[~ A\I~ I~ItiAtiCED TNROUGH "I'ItE ('}ZET~IT E:~"II~E\!"F:i> Kl' Tfil~ \OTF, ur in the e~•ent ~~f the incompetenc}•, insolvenc}• (how•aoever - ~•~i~iencedi ~r i~an~ruptc}• ~~f an~'~~n:~ r~r mnre ~~f the Ufl(~PC~6y,~ned, then the entire remaining indebtedness then ~.?~.~e ~hall hecume imm~~tii~ttri~ ~l~u~ :u:~l ~~a~-ai~le ~t the ~~pti~~n ~~f the holder hereuf ~~ithout demand, presentment "r notice uf an~• kirici. An~• fa~l~irc• ~~f h~~l~lt~r t~~ t~xerii:e ~:ii~3 ~:E~ti~~n ~hall nc~t cnnstih~te a w~ai~•er of the riRht ~exercise thE: sam~~ at ~i•;~• :~t~ ~~r ti~~~~- - Time i~ of ihe c~..«nct• ~,i thi~ \~~tc~. In tht• e~~ent an}- in:tallment i~ rn~t i~ai~.1 when due nr within ten ~ia~~• there~~fter, ih~~ h:~l~~~~r m.«~ ~~~~ilcrt, :~r.~~ the ~;nder>i~,•nc~d :is~~re~•~ t~~ Er.+r a late char~~e ~~n ~uch instaliment in xn iiTTl~~llllt e~~,i~al 1., ~.~~~•h in~t.:il;r~,~nt ~~r K'}11C}lE,~~«~r i~ I~•::, and in the e~~ent thi. \~~te iv rollected t~y - Ixw~ „r thr~~u~h <u~ at'~ir?:F~}• at !ati+ ~,r z;:::ier acl~•i~~e tFiPi'Puf, tht~ u~z~lc~r~i~iit•d x~;ret~• t~~ pa~~ all cu~t~ of coll~ction, incl~;~iin~; Pt:i~~~l:iil!]t' Iitt~~l'flt•l'~: !t•t'~ :i;?(i ('i~tl1'C t'1»1: tt~ t}1p t\tt'I][ ~~Pt'1711t1t'~ F~~11'lljii ~ilN'- Thc~ uri~leri~,~rt~~i :?ncl all end~~r~t~r~ ~~r uther ~~artit>~ t~~ thi~ rn~tr ;uintl~• ancl ~e~-erall}• tran~fer, c~~n~•ey and <t;:i~~n U~ the H~~l~ier a~t;ttir~e~lt am~~uut ~~f ~uth h~~n~~•:tea~i ~~r exem{~ti~,n a~ m:~~• i~e alluw•ed. inrludin~,~ surh ' h~~rttic~~tE~a~! ~~1- e•~c~mF~ti~>n ma?}• he ~rt :?,~art :n t,atikrt~{?tc}~, t~> {~:t~• th~~ n„tc~ in full. ~rith all eosts of cullecti~~n, .ifl(~ (j~1 hert'f~~ iiiirfi izeiy tCU~tPt' 111 ~.121I~1'U~t~~}• hx~~ing E,~~~~e~rl~~ll ut ~lil'}l ~l~~Rlt•~lP.i1~ UC e\PRl~t10~1 ~O de1i~'eC ~ - the liutder a~utti~~ic~nt am~~i:nt uf {~r~~pert, ~~r m~~ne~~ ~r>t ~?{r.irt ,t~ ~~~empt t~~ ~~a~~ the i~2d~rhtedness eridenced - ?it•re1~~~. ~~r a~~:- rc~n~•~~al tnc~rc~~f. an~l ~i~~ her~~i~}•. JulI12~)' :in~l ;c~~~erali~~. a{~~?~~int thc~ H~~Id~~r the att~?rney in fxct for e:sch c~f them. t~~ ~~laim .?n~• and ~iII }li!Rll'~te~<~d rxempti~~r;: all~~~+e~j h~~ la~c. -s _ A tir~t tn~~rt~;.~~.•e Iur the ~eru~it}• thp_~'~~rc~.<<i~l in~izl~tecl??e•:~ i~ re~tained i~~• OL'Tt~li)R RESORTS UF' / i it 1. :\`1r:R1~':1. I:til'.. ~~n (.~~t ~~~.~~~-fj~in~that certatn l'~~nd~~mini.im knnwn ua UL'Tt)OnK R}~:tiOKTS AT :~ETTLES t`t,~\I?, .uid ~+n an}~ im~~r~~~~ement~. hrture~ ur after ary~iirecl E~r~~~ert~• added there~~n, as show~n by plat re- = runjed in the Oflire ~~f the ('ircuit t'~~urt in ~in~i for ~t. I,urit~ ('~~uni~•. ~'luri~la, in Plat $a~k 16, page 1:1A _ thr~~u~h iJ. ~..r ' ~ J _ ~1.1wZ.ti»-..c+.~l~-t~~ .41.::. src~ , 1~c .cl+~ ~c c~'L~f~nct~ ~ct~c 1~ >t A<«c~?% BQRK~~V PAGE 897 - t! - ~,v..