HomeMy WebLinkAbout2383 222103 MORTGAGE !'•G°
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Jose~h or_ Doris Fischer~ 128 S. _Northvest Htiry,-~ Palatine ~ I11. 60067 ,
m~~rtk~.ikur, in cunsideration of the principal sum specified in the promi~sor~• note hereafter described. re-
,~~i~~ed itY~m Ot'TI)OOR RESORTS OF AMERICA. INC., a corporation organized and existing under the Law•s
the ~tate ~~f Te~uie~~ee, the Diortgagor, hereb~ on this~ _-day of ~CtObeT , 19~,
~~"~rt~,~~~.~e~ t~? the ~lurtga~ee the real propert~ in St. Lucie County, Florida, described as:
~
Q~~~a.
I.ot No.1fII ____~n that certain condominium knov~•n as OUTDOOR ~,~a~Q~
RESQRTS OF A111ER1CA AT :~E1"TLES ISLA~D, as shoH•n b~• plat Q~v~'~'E~9, cP.~
rec~?rder] in the Office of the Circuit Court in and for St. Lucie C~ounty ''t Q~-4" ~5l d~p,~,
Florida, in Plat Rouk 16, paRe 1:1A throu~h 1J. ~~,.~`t.~„~'~
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THIS IS A PURCHASE ;110:~E1' !1lORTGAGE ~oS~c~`~~~,R'``
~~ti~ijrit~• for the pa~•ment of the pmmissury note of v?•hich the folloH•ing is a co ~ c. ~o c~
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instaliment Note ond Disclosure Stateme~
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` ?020.00 _~.t. Lucie_S~Qiult.g- , Florida
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ati;;.e~ ot~~~t~ ~CtO~I'_~_ 19~_
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F~~r ~'alue Rerei~-ed, I. ~~~e or either of us promise tu pay to the order of OUTDOOR RESORTS OF
:a ~1ER1('~. I\('., P. O. Bu~ l 116. Jensen Beach, Flor ida, 33457. or any other place as the holder hereof may
;~~~i~nate in «•ritin~,-, the ~um of_seven thousand__tventy 8IIf~ IIO~1~ . (7~20.~ ) Dollars.
` • r.i~ .i~m l,ein~? the Total of Ya~~ments referred to in the Disclosure Statement below, which includes a FINANCE
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? ~ i~ARGF. on the amount financed, pa~•able in 60 equal consecuti~e monthly instaliments of
` : 117.00 ___Qach, and the first instaliment to become payable on the 1St day of Deee~ber
.
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i~~ ?l , and ane such in~tallment to become due and payable on the__ ~-day of each succeeding month
~ ..;ntil the H-hole c?f said indebtedness (Total uf Pa~ments) is paid. In the event of prepayment in full by cash
_ ~,~~i~~re the fina} in~tallment date, the unearned portion of the FII`'ANCE CNARGE shall be rebated under
' ~ h ~ Rule of 78'~.
~ In the e~•ent of default in the due and punctual payment of any installment on this Note for a period of
$ ti~irt~~ (30) da~~s, or if any statement, representation or warranty in any application for the credit evidenced
~ this 1`ote is found to 1,e untrue in an~• material respect, or in the event TNF UNDERSIGNED, WITHOUT
"1'HE PRIOR «'R1TTEN CO~SEIT OF THE HOLDER HEREOF, SHALL SELL. ENCUMBER (EXCEPT
a FOR A?`~" AiORTGAGE ~'l'H1CH 1S SECUP.ITY FOR THIS NOTE) OR OTHERVVISE DISPOSE OF OR EI~i-
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f. {~~'MBER OR COMMIT A:~Y RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEh TO
~ F;~IST ON TNE REAL PRUYERTl" YL'RCNASED BY THE E~'I`'DERSIGNED AI~D FINANCED THROUGH
~ T~iE CREUIT E~'IDE;~('ED Bl' THIS tiOTE or in the event of the incompetency, insolvency (howsoever
e~~idenced) or bankruptc}• of anti~oiie or more of the under~igned, then the entire remaining inde~tedness then
~ due shall become i2nmediateh• due ar.d pa~•able at the option of the holder hereof without demand. presentment
~~r notice of any kind. An~• failure of holder to exercise said option shall not constitute a waiver af the right
%S to exercise the ~me at .ir~• other time.
Time is of the es~ence of thi~ :~ute. In the e~•ent any installment i~ not paid when due or within ten
days thereafter, the hulder ma~= cullect, and the undersi~,med aKrees to pay a late charge on such installment in
~n amount equal tu 5': of such insta)lment or $5. ~•hiche~•er is less, an~3 in the e~ent this Note is collected by
~ idH• or through an attorr.e~• at laK- ur urider ad1 ice therevf, the undersiKned agrees to pa~ all costs af collPction.
includinK rea~unat~le atturne~•'~ fee:~ and court costs to the extent permitted by Florida law•.
The undersignec3 and all endorsers or other partie~ to this note jointl~~ and severally transfer, convey and
= as~i~.~n to the Hulder a sufficient amount of such homestead or exemption as may be allowed, including such
- homestead or exemptiun a~ may be set apart in hankruptc~~, to pa~~ thi~ note in full, with all c-osts o-f'~ellection,
and da herel,~• direct an~~ trustee in bankruptcy~ haring pusse~~ion uf such homestead or exemption to deliver to
the Hvlder a~uflicient amuunt of propert~~ or money set apart as exempt to pay the indebtedness e~~idenced
heretn~, or an~- reneti+-al thereof, atid do hereh~-, jointly and ~e~-erall~•, app~>int the Holder the attorney in fact for
each of them, tu claim any and all homestead exemptiun~ allv~~ed b~~ laH•.
A first mort~~age for the securit~• of the aforesaid indebtecitiess is retained ;~y OLTTDOOR RESORTS OF
~:~tERIf'A. INC., on I.ot :~ol~II _in that certain Condominium known as OL'TDOOR RESORTS AT I`'ETTLES
- 15LA?~ U, and on an~• impro~~ements, fixtures or after acquired property added thereon, as shown by plat re-
_ cc~rded in the Ofrice of the Circuit ~'ourt in and for St. Lucie C'ounty. Ftorida, in Plat Ba,k 16, page 1:1A
throuKh 1J.
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