HomeMy WebLinkAbout2393 H, Gu~Har~ or porot~._J. flardx~28~4 Osborn Rd._~~_ Villa~e~_Ohio ,
m~,rt~,•~~,ror, in con.iderxtion of the principal sum specified in the ~1i'Otl11~S01'~• nute hereafter de.crit?ed, re-
~:~~ed fn~m OL'TPOOR RFSORTS OF AMERICA. iNC., a corporation organized and exi.tin~,? under the LaH•s
~ the ~1Hte ~f Tennes,ee, the Mort~;a~;or, het-eb~ on thi,_.18_~da~• of OCtOber ig?1 ,
~::,,ri~,~:,~~c~~ tc~ the.~~urt~;agee the real propert~• in St. Lucie <'ounty, Fiorida, descri~ed as: .
Lot ~'o..~Q~L~ __.in that certain conduminium knoµ~n as OL'TDOOR
RESORTS OF ADiFR1CA AT \ETTI.ES 1SLAND, us show~n b~~ plat
ree~?rded in the Office of the Circuit ('ourt in and for St. Lucie ('ounty,
Florida, in Plat Bcx?k 16, page 1:1A through 1J.
THIS 1S A PURCHASE MONEY NORTG:~GE
, F~~ ,,L.•n~P„: „t' ihe nromi„orv note of H hich the folloH ing is a cop~• : n~: ~T;s.^.t,~y S'art+~s
Installment Note and Diulosure Stotement ;`~;a'~''~;Jb
; $112.00 _St. LuCie Couzlt~`_, Florida
October 18 _ _ 19 ~l
~~~r ~'alue F:~cei~•ed, I. ~~•e or either of us prumi~e to pay to the order of OL!TUOOR RESOR'I'S OF
~l~:lil(':~. Itil P. O. Box 1116. Jen~en Beach, Flor ida, 33457, or an~• other place as the holder hereof may
Ei ht thousand one hundred txelve 8112 00
i,~-~~ nxte in ~~~ritin~,•, the sum of---~ - - - ( ` _1 Dollars,
~t:i: ~urn f,ein~,* the Tota! ~f Pa~ments referred to in the I~isclosure Statement Uelow, which includes a FINANCE
~ ii:~KGE on the amount financed, pa~•able in,___~b equal consecnti~•e monthly instaliments of
~ a~+. ~0 ___each, and the first instailment to become px~ able an the_1~~~day of ~ece~ber ~
: E+71 ~uul ~~ne .uch in~tallment t~ l?ecame due and pa~•aLle on the__ 1st da~ of each succeedin~ month
.~:~;I the w•hule ~?f said •,ndet?tedne~s (Tc?tal of Pa~-ments) is paid. ln the e~•ent of prepa~•ment in full by cash
~~.~?~~re the tinal in•tallment date, the unearned portion of the F1:~ANCE CHARGE shall be rebated under
Rt~le of 7~i's.
In the e~•ent of default in the due and punctual pa~•ment of any installment on this Note for a period of
•~:;?•ir (30) days, or if an~• statement, renresentation or warranty in an~• application for the credit evidenced
this I~ote i~ found to be untrue in an~~ material respect, or in the e~•ent THE UNDERSIGNED, WtTHOiJ'T
":~~iE PRIOR «'RITTEti CO:~SE1T OF THE HOLDER HEREOF, SHALL SELL, El~'CUMBER (EXCEPT
}-{~R A~1 MORTGAGE ~t'NIC'H l~ SEC:LRIT1' FOR THIS :~'OTE) OR OTHER«'1SE DISPOSE OF OR EI~t-
~ 1'MBER OR COM:~iIT A:~T RREA('N OF THE MORTGAGE OR PER:4iIT OR SUFFER AI~Y L1EN TO
r:\IST ON THE REAL PROYERTI" PL'RCHASED BY THE Uti'D~RSIGNED AND FI~iAtiCED THROUGH
; "l~I~E CREDIT Et'IDE:~('ED B~' THIS :~'OTE or in the event of the incompetency, insolvency (howsoerer
; idenced) or k~ankruptc~• of an~~one or more of the undersigned, then the entire remaining indebtedness then
; ~::~e s?:all become immediateh~ due ar.d pa~•able at the option of the holder hereof w•ithout demand, presentment
€ .:r notice of any kind. AnS~ failure uf holder to exerci~e said option shall not constitute a Haiver of the right
t
~ t~.~ exercise the same at an~~ other time.
i
~ Time is of the es~ence of this 1'vie. In the e~~ent an~° installment is not paid When due or within ten
~ iati•s thereafter, the hulcler ma.• cc,llect. and the undersiKned agree~ to pay a late charge on such installment in
~s~~ amount eyual tn of ~uch in~t<illment or $5, ~•hiche~-er is less, and in the event this I`'ote is collected by
or throuKh an attorne}~ at laH- or under advice thereof, the under~iKned agrees to pay al! costs of colipetion.
; ;r~cludin~ reaso~iable attorne~•'~ fees and court custs to the extent permitted by Florida laK~.
~ The under: igned and all endor~ers or other partie. to thi~ note jointly and ~e~•erall~ transfer, con~ey and
~ ~;~~i~,~n to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such
himiestead or exemption as may be set apart in t,ankruptcy, to pa~• this note in fuli, ~ith all costs of collection.
and do herebr direct an}• trustee in bankruptcy ha~-ing pu.se~~ion of such homestead or exemption to deliver to
s the Holder a~ufficient amount of property or money ~et apart as exempt to ryay the indebtedness evidenced
; i~~reb~•, or an}- renew•al thereof, and do hereh~•, jointly and se~•eralh~, appoint the Holder the attorney in fact for
each of them, to claim an~ and all homestead exemptions allua•ed b~- law•.
A first mortKage for the sec~~~4~~eZaforesaid indel,tedness is retained b~• OL.'TDOOR RESORTS OF
a1iERICA, INC., on I,ot :~o. 10~'~ in that certain Condominium known as OUTDOOR RESORTS AT NETTLES
~ 1~LA:~D, and on an~• impro~•ements, fixture~ or after acquired property added thereon, as shown by plat re-
r~~rded in the Of~'ice of the Circuit Court in and for St. Lucie ('ounty. Ftorida, in Fiat 8cwk iS, ~,dgc 1:2~
ihrough IJ.
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