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HomeMy WebLinkAbout0913 ~ MO RTGAG E %n-~~~'~' r~~ ~ ~ Blake L. & riarjorie J. Reed - - - - - - - •ht~ ni~~rt~.~.~~,<<~r, in r~~n:i~leratic~n uf the principal .um sperific~d in the pr~~mis~ui'S' note here~?ftert de~crihed, r~ ~~•i~~~~i tr~~?1~ nCTI~OOI: RE~:50RTS (~E~ :~\1ERI( A, I1C., ~i curpuration ur~anize~l aud e~istin~~ t:rd~~r the LaH~s th~• ~tate uf 'fentie~.ee, the ~iort~a~nr, hereU~• on thi~_ _ ~7th_dx~• of____~cemher____ _ _ 19__]11_, ~,:,~i-t~,~.~~,~c~> t~~ thc ~Iurt~,~a~;ee the i•eal propei•t~• in St. Lucie Count~•, Florida, descret~eci as: ' - Section I I~~t \c~. 112-H in that certain rondominium kna~cn a~ OL'TI~OR I:ESORTS QF' ~itF.ltl('A aT ~F.TTI.F.S ISLA~I), ~i~ ~hu„~~i 1,~~ plat .~~,y.~.s } rerc,rde~l in the Oftice ~~f the ('irruit ('otu•t in xnd for St. Lucie ('~~unt~~, c~ 2~• l~l~~i•ida. in I'iat R~x~k 16. px~?e 1:lA throu~?h iJ. M 6 \iQ~~~~; ~,4 ± _ pE ; THIS IS 1'l~R('H~SE ~IO\El' ~fORTG:1(iE'~' ,r\i.\E ' urit~• fu~• the }~a~~?~it~?tt ~~f the promi•.~~i•~• notc of ~~•hich the f~~llo~~~in~,? i, a s~Gp~~~ '4iC°° : _ ~~p,~ ~ •.~~Q ` ~ l'; ` ~~,E-S' ~ Installment Note and Disclosur~~~~et~,~~~ N-~y' _ o~ T p~ ~\\C.~t ~ al'~ , ~3 ~ : 5 ,199 . 60 - - Je~~ Ltl ~9t Luc ~yurt Florida ` ,3 - J~- - = Dec~S~ b~,{~`e27,. _ - - 19_70 -St-`-- - F~~r ~'alue F~~•ct~i~-c~d. ~ct~ or c•ither ~~f u• pr~mli~e t~~ pa}• to the o~ ~f OUTDOOR RF.SORTS OF ~lI~:f.l('~~. I\('., 1'. O. B~~x 111G, Jen.er. Reach. Flor id~, 33457, or an~• other place as the holder her~f ^:ay . • :••~i~;nai< <n ~.~ritin~, the .um ~f F~Ye ~h4u~L~d o~e hundred nine~}? nin~_.~ ~10(X_~,149~~4__) nollars, -~:i: :~~m I~~~in~.• the Tutal of P~~•ment: referred to in the I)i.rl~~.ure Statement 13elow~, which includes a F INA~'CE Y 7 'y ~}t aR(:E ~~n the am~~unt ~nanced, pa~~able in__ _60_ ___.___equal consecuti~•e monthly installments of ? 86.66 each, and the tir.t in.tallment to become pat~al?le on the___lst ___da~ of_February_ ~ = 71 , an~1 ~+ne ~u~~h i?utallmt•nt t~ t,ec~mle ~lue and pa~•ahle c,n the lst of each succeedin~ month .~~ti! tht ~h~tl~• ~~2 ~aid in~iehtednes~ 1Te~txl ~,f 1'ayment~) i. ~aid. In the e~•ent of prepa}•ment in fuil by cash s; _ !~~•f~~rt~ the tir~xl in~tallm~•nt ciate, the Uilt'lil'Ilelj ~~rtion of thc~ FI`A?~CE ('HARGE sha11 t~e rebated under 'f ' t:c' fZ:~le ~~f i K'~. In the ~~~~ent nf defa~~lt in the ~lur and punctual payment of an~• in~tallment on this \ote for a period of ` ~ hirt~- (:~0> da~-•, ~~r if an~- .tatE~ment, re~?res~ntation or ~•arrant~• in an~~ appliration for the credit evidenced r,~- thi~ \r~te i. f~ut~d t~~ !~e untrue in an~• mate?•ial re~pect, or in the e.•ent THF L'NDF.RSIG:`'ED, ~ti'ITHOL'T - "~-EiE~: PRI()R «'RI'I"I'F:\ ('(1~cF:\T (1{~' TIII~: ii(1Ll)ER HEREOF. SHAI.I. ~F.LI.. Eti'('UtiiBER (EXGEPT I'~1tt A\1' ~tnIiT~:~(;~: ~t')II('1{ 1~ ~f~:('t'F:1"('l' rOR TtilS tiOT~:) OR OTFiER~t'ISE I)ISPOSE OF OR Eti'- { l'11RER OK ('n~iJi[T ~\1' Kl:F::~c~li (?F' TfiF; ~i()RT(;A(:F. ()K PH:R~SIT nK tiUFF'ER A~~" LIEN TO ~ F~..l'I~T ()ti 'CH~: RH:~L t'I:()YF:}:T1" 1'l'Kl'H~~E:I) Rl' TNE: L'\I)~:RSIGti'EI) A\'I) Flt`AtiCEll THROUGH !'IIF: ('RF:1)IT ~:~'II?E:\('F:I~ E~l' T1I1~ \(~TF. ~~r in the e~•ent of the incompetenc~•, insolvency (howsoever = ~~~idenc~edl or F,ankru~~tc~ c~f an~•~~ne ur mr~re ~,f the imder~i~ned, then the e~~tire remaining inde:~teclness thPn ,lue chail Lecome 1R1.•11Pii::~tt•l~• d+it~ cir:~i ~?a~~at,le at the ~~~+ti~~n ~,f the holder here~~f a•ithout demand, pre`er.tment - ~~r• notice ~>f an~• kin.i. ~n~- f.tilur~~ ~~i hul~it>r t~~ ext>rci.e ~aid upti~~ti shall nut r~~n,titute a w~ai~•er uf the right to esercise the ~an;«~ ..t .~r~~- ~~th~~r tim~~. ' Tlirie i~ ~)t t}7P ('~~i'!ll'f' t}ll~ ~~~le. ~I] t}lt' E't't'tlt 1111J" 117~ta~IlllPllt la Il(~t ~~~ill~ ~i•hen t~UE' OC w•ithin ten ~.~a~•. there.+fter, iht~ h~~l~it~r ma~• c~~il~>rt. .inil thF~ Sui<ier:i~,•ne~i a~,~rt~t~. t~+ ,ri~• a late char~,~e on ~ueh in~tallment in :tn am~~unt E•~~u.il -~~2 ~i~~•h in:~t.~litn~•nt nr ~~h~nc~•~~e~r i: le~~, and i~i tht~ e~~ent thi~ \ote is collected t~}• la«• ur thrz~,i~h ~ui :?rt~~r~:~~~- ai la~c ~~r ;:n~~~~r a~iri~•e tht~r«~~f. the un~it~r~iy~nr~d a~,~rec~~ t~~ p:i~• all co,t~ of coll~cti~n, - i11C~ti~~t11~ Ct':+.~~~l::iir~~! :it~~~1'S11'i'~~ tt•t•~ :tll(~ ~'uUf't Cu:t~ t~r t}1P QXtf~iit Ert~rmittt~~~ h~• F~t~CI(~3 ~iiN'. 'I'ht~ un~3rr~i~i.c~i xr~d all enu~~r~er~ ~~r ~~thF•r ~r:~rtie~ t~~ thi~ rn~tt~ j~~inti}- and ~e~~erall}• tran~fer, com-ey and = .i~~i~n tu tht> li~~{~!<•r a~u:licient am~~ut~t c~f ~~nh h~~mc~~t~~aii ~~r ~~xem{~!i~~n ma~• t,e :IIIUK'E•(I. includin},~ sueh h~;me~tf'.ifj ~~t' E'\t'R)j~t1t1T1 :i.: m~i~• t~e tit•t :ij~lil't ]fl ~~iill{~!'Uji~C~'. ~1:1~' 1tli~ ilr~!t' If1 t:ii~. ~t'It}1 CO~t~ Of C(~~~C'Ct1011, - 3fll~ (j~/ flPl'f'f~~' tjlft`t't R11)' tt't1S~PP !(1 f~Filikru~~tr}~ ha~-in},' jiu~~t~~l(~Il is: ~uch h~~mc~s:e~x~l ~~Y Pxem~ti~~n ~O deli~•er t0 the ~I~~lri~~r a~~ittu~i~nt amc~unt ~f {?r~~~~~~rt~• ~~r m~~nc,~- ~et aF.irt c~~empt tu pa~• the in~lehie~lne,s evideneed i«~rc~i~c, ~~r an~- r~•n~~~cal the.*e~~f, anei ~i~~ herf~'~~~. ~~~;ntl~• ;ill(~ ~~~~c~rall}~. ::~~~~~~int th«~ H~~1~1er th~ attnrney in faet for = ~~~rh ~~f thrm. t~~ ciaim an}• and all h„me~!c~.ui exc•m~,ti~~~i~ all~~~cec! i~~~ I.i:~~. _ ~ tir~t m~~rcy~a~,~e f~~r the ~ec,~rit~y u~,the ~furr~aici irz~ict~t~~int~~~ i~ rE~taine~l h~• Ot'TIX)OR R~:S(lRT5 OF _ ec ion a~1E;k[('A. I~('., ~~n I.~~t tiu. 112-~iin that cert.tin ~~~~n~i~~minium kn~wn aa OCT1)(1~)R RE`nR~'S AT tiETTLES 1~I.A\I?, and cm an~- im~?r+~~~ement~, fixtures or xfter acquired ~~rnpert}• added there~~n, a~ .how•n hy plat re- ~~~~rded in thE~ Otlirf~ ~~f the ('irruit ~'~~urt in an~l t~~~r tit. Lucie• ~'~~unt~•. F'l~~ri~1a, in Pl~tt Ii~uk 16, paKe 1:1A - thr~~u~h 1J. ~I ^'.fC ~ .~.L~~~~ ~ , '~,(Cettc nu-~ _ ~n° ~'~~1~'~x~;' ~7co-~. Y.%-rt.c~f~~" BOOKI~7U Pif,E J~E.) ~