HomeMy WebLinkAbout2408 222123 M O R T G A±G E . J ~
. Ward Howard & Lorraine V. Pettit
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•he mui•t~,•u;tur, in consideration of the principal sum specified in the promissor~• rwie here~fter descrit~ed, re-
~~~~~•ed frc~m ni.'TIK?OR RFSORTS OF AhiERICA, INC., a corporation organizeti and existing ur.dar the Laws
~~f' che ~t~~!i• af Tetine~~ee, the Mortgagor. hereby on this_ 13th day of A~r_il 1~ 71_.
::~~,rt~;~t~,~e~ t~~ the \iurtgagee the real propert~• in St. Lucie County, Florida, descriUed as:
Section II
Lot To._ ~g in that certain condominium knoH•n as OUTI300R
RESORTS ~F AMFRI('A AT ETTI.FS ISLA:v'D, a~ ~hoK~n b~~ plat
- rec~?riieci in the Offiee of the Circuit Court in at~d for St. Lucie (bu~it~~,
Florida, in Ylat Rook 16, page 1:1A through 1J.
THIS IS A Pt'RCHASE biOKE~' ~10RTGAGE
;f~~urit~• ivr the pa~•ment uf the promis~ry note of Hhich the folloH•ing is a cop3•: pa~„K^~
Instaltment Note ond Disclosure Statement a'~';~ ~`;K'°,;
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z 4,875.C0______ Rf.E~~~ tN PAttdEKT Qf T11XEE Jensen Beach~St. Lucie Co. , Florida ;
D::E vY CtJ1S~ 'C' IN;,LtiGlt~! E P~? *'.;~!l! PituPERTY, ~ ~'y - - - ,t
ruRS,~~?r c?;rsr~ »~i~. ~;;t~ o~ i~ti. ~t~?~ p~ ri
i~_--- 19~L ~
ROGL'~ ~tiRt.S, Gwk Cu~+:~t C~urt St tuns Co. fli
F~~r ~"alue Recei~•ed, 1, N'P or either of us prum ise tu pay to the order of 4UTDOOR RESORTS OF
til EtiI('~, 1:~C., P. O. Box 1116, Jensen Beach, Flar ida, 33457. or any other place as the holder hereof may
~i~~~~~nate in ~rritin~?, the SUIri of~D11r_,Lhn~icand gi.vht h~mdrPd ~~pn,r~ fiy~~np~xnO ) Dollars,
1~:.~ ~~:m t,~in~,• the Tutal of Pa~~ments referred to in the Disclosure Statement betow, which includes a FINANCE
+}1.3RGE on the amount financed, pa~•able in__.-St2________ _equal consecutive monthly installments of ~
,
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~ SL25 each, and the first installment to become pa~•able on th 8t __day of,Juae ~ {
71 , and une such in~tallment to become due and paS•aLle on the_ _ lst _day of each succeeding rrionth
if the w~hole uf ~id indel~tedness (Total uf Payments j is paid. ln the event of prepayment in full by cash
~~~f~~re the final in~tallment date, the unearned portion of the FINANCE CNARGE shall be rebated under
RuIH of 7$'c. }
!n the erent of default in the due and punctual pavment of any instaliment on this Iv'ote for s period of ~
,
~ r:irt~• (30) days, or if an~~ statement, representation or warrant~~ in any application for the credit evidenced ;
thiG :~ote is found to t,e untrue in a»}~ material respect, or in the event THE UNDERSIGNED, WITHOUT -
~ ! tiE PRIOR ~t'RITTF.:~ ('O:~'SE~T OF THE HOLDER HEREOF, SHALL SELL. ENCUMBER (EXCEPT
s i'~ ?I{ AtiY MO~iTGAGE ~'1'NI('H l~ SECURITY FOR THIS NOTE) OR OTHER«'ISE DISPOSE OF bR EN- ~
~ ~ t"tiiBER OR COM:1'11T A:~l' RREA('H OI~' THE tiiORTGAGE OR PERMIT OR SUFFER ANY LIEN TO i~
~ ~-:~IST OI~' THE REAI. PROPF,RTY PL'R('HASED BY THE L'NDERSIGNED AND FII~ANCED THROUGH ;
3 ":~I~E CKEDIT E~'IDEN('EU B1' THIS \'OTE ur in the e~~ent of the incompetency, insolvency (howsoever ~
~ ~-~~idenced) or },ankruptr~• of an~•one or more of the undersigned, then the entire remaining indebtedness then {
~ ~+.ue shall i~ecome immediateh• due and pa~•able at the option of the holder hereof w~ithout demand, presentment 3
~~r natice of anS• kind. Any failure of . holder to exercise ~aid option shall not constitute a waiver of the right
~ exercise the same at am• other time.
5 Time is of the es:ence of this :~ute. In the e~•ent any installment is not paid when due or within ten
_ ~i<z:•s thereaftez, the hoider ma~• cullect, and the undersiKned agrees to pxy a late charge on such instatlment in
q ~tn amount equal to 5'; of su~h in~ta)iment or $5. whiche~-er is less, and in the event this Note is collected by
~ la~• or thraugh an attorrzey at laH• or under advice thereof, the undersigned agrees to pay all costs of collection,
~ ~nctudin~ reawnable attor:~e~•'s fee~ and court custs tu the extent permitted by Florida law.
s
The undersibmed ar.d all endorsers or other parties to this note jointl~~ and severall~ transfer, convey and
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~~~i~,•n to the Holcier a~u~cient amouht of sueh homestead or exemption as ma3• Le allowed, including such
z homestead or exemption as may be set apart in bankruptcy, to pay this note in fcll, with all costs of collection,
a and do heref,~~ direct any trustee in t,ankruptcy having posse:~ion of such homestead or exemption to deliver to
' the Iiolder a~ufiicient amount of property or money .et apart as exempt to pay the i~~debtedness evidenced
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_ neret~~•, or any~ renew~al ihereof, and do here}~y, jointly a?id se~~erall}~, appoint the Nolder the attorney in fact for
_ each uf them, t„ ciaim any and all homestead exemptions alluK~ed bt~ laH•.
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~ A first mortKage for the securi~~~~f'i~e ~oresaid inde}~tednes, is retained by OUTI~OR~ R~ORTS OF
> ~'.?1ER1('A. I:~`C., on I.~~t :tio38~-~_in that certain Condominium known aa OL`TDOOR RESORTS AT NETTLES
~ I~j.ANI1, and on an}- impru~•ement~, fixtures or after acquired property added thereon, as shown by plat re-
:Y curded in the Of~ire of the Circuit Court in and for St. Lucie ('ounty, Florida, in P1At Boak l6, 1:1A
; throu~.~h 1J. 'niis Inst~ume^t PreD~r~~~
~ lY~n Ra?vief p
~ OutOoor RESats d Rtn~r+~
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