The URL can be used to link to this page

Home My WebLink About2388 ~ ` ( c r~ k . 22~10'7 M 0 R T G A G E ~-r~~~ . _ , - - _ ArnnlsL~1__ and_P.aLricia_Patriani-- - - - " ' - ' ~ ihr mort~a~?ur, in cdnsideration of the principal sum specitied in the promissory note hcreafter d~~~<<•i~~rd, re- ~~~~i~•rd frum (~t'TnOOR RESORTS OF ADiERICA, INC., a corporxtion organized and exi.tin~; uiici~r th~~ l.aH•s ~~f tht~ ~tate ~?f Teniiessee, the Mortgagor, hereUy on this.__14th. ~f_____ AUgUSt _ , 1`~ 7_1 , m~~rt~.~~,•e~ tu the \Iortg<<gee the real propert~• in St. Lucie ('ount~-, ~lurida, descril;ed as: SeCti n II t.~t No. 311-N ___in t~at certain conduminium I~110N•n as OUTI~OR RESORTS OF AriER1CA AT NETTI.ES 1SL~ND, as sho~~•n by pl.tt rec„rdeci in the Oftice of the Circuit Court in and for St. Lucie (bunt~•, Flurida, in Plat Book 16, page 1:1A through IJ. THIS IS A PURCHASE i10NE1' :1iORTGAGE a• .erurit~• for the px~•ment of the piromissoi•y note of ~~hich the following is a co~y: ~umentary St3mp~ ~ihYeC o~~g~n~l n,V Instaliment Note and Disclosure Statement 61q~i~ Jensen Beach~St. Luci e__ Co._, Florida Aua,ust 14,--- - - 19~1_ Fur ~ alue Recei~•ed, I, ~~•e or either of us prom i~e to pay to the order of OLTTDOOR Rr:SORTS OH :~~tF:it!('a. Iti'C, P. O. Rox 1116. Jensen Beach, Florida, 33457, or any other place as the holder hereof may ~i~••i~,rnate in ~+•ritin~, the sum of S1 X thousand _four hundr~d thi r#y five & 110~100( (.,435.00 ) Dollars, thi. sum bein~,• the Total of Payments referred to in the 1)isclosure Statement below. which includes a FINANCE i'}iARGF, on the amount financed, payable in-__Sjxtv__ equal consecuti~e monthly installment~ af 107.2~ ___each, and the first installment to become payable on the~#~1_day of- October 1~ 7_l , and one siich installment to Uecome due and payable on the__1Dth day of each succeeding month ~ ~~~~til the ~rhole of ~aid indebtedness (Total of Payments) is paid. In the event of prepayment in full by ca.sh ~~t•f~,re the final inctaliment date, the unearned portion of the FINANCE CHARGE shali be rebated under ; the Rule of 78's. i [n the e~•ent of default in the due and punctual pa~ment of any installment on this Note for a period of ~ tt~irty (30) days. or if any statement, representation or warranty in any application for the credit evidenced ~ t~~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, VVITHOUT ~ THE PRIOR ~'4'RITTE:~ COl~'SENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ ~'nR A\'Y MORTGAGE ~VHICH 1S SECUR]TY FOR THIS NOTE) OR OTHERWISE DISPOSE OF Oft EN- ~ ('LMBER OR COMMIT AN~' RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ; F..l'IST ON THE REAL PROPERTY PURCHASED BY THE tiNDERSIGNED AND FINANCED THROUGH { THE CREDIT EVIDENCED BY THIS iVOTE or in the e~~ent of the incompetency, insolvency (howsoe~er e.-idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ ciue shall become immediately due and pay~abie at the option of the holder hereof without demand, presentment ~ ~~r notice of any kind. Any failure of holder to exercise said option shall not constitute a w•aiver of the right ; to exercise the same at any other time. P ~ ~ ~Time is of the essence of this Note. In the e~ent an~• installment is not paid when due or within ten ~ ciays thereafter, the holder may collect, and the undersi~,?ned agrees ta pay a late charge on such installment in an amount equal to 5~~ of such installment or $5, whichever is less, and in the event this Note is coltected by ~ la~. or through an attorney at law• or under advice thereof, the undersigned agrees to pay all costs of collection, ~ includinK reasonable attorney's fees and court costs to the extent perniitted by Florida law•. ~ ~ The undersigned and all endorsers or ather parties to this note jointly and severally transfer, com•ey and assi~n to the Holder a sufi'icient amount of such homestead or eaemption as may be allow~ed, including such homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection, ~ and do hereby direct any trustee in bankruptcy having posse~.i~n of such homestead or exemption to deli~•er to the Holder a suH'icient amount of property or money set apart as exempt to pay the indebtedness e~~idenced ~ hereh~•, or anc renewal thereof, and do hereby, jointly and se~~erall~•, appoint the Holder the attorney in fact for - each of them, to claim any and all homestead exemptions all«~+-ed b~• laN•. A tirst mortgage for the secur ty of th foresaid indel,tedness is rt +ained by OUTDOOR RESORTS OF S~~tion ~T~ ~ Ati1ERI~ A, INC., on Lot \'o.~~LI~_in at certam Condominium known aa OUTDOOR HESORTS AT NETTLES ISLAND, and on any improvements. fixtures or after acquired property added thereon, as ahown by plat re- = corded in the Office of the Circuit Court in and for St. Lucie County, Florida~ in Plat Book 16. page 1:1A through 1J. S~. • n Q~`tMt'• • t~' _ J~ 19~~~,f~' ' `NiMM 1~~~' ~t„ ~~D ~ . `d~<<+"'''~ • R~E~~~S~~ G~ahG ~ . G~ ; ~R~ ~~~h! mti