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I, we or either of ue. whether principal, eecurity, guuantor. endoraer, or otber party hereto, agree to
be jointly and aeverally bound. I or we, each furthet rvsive demand. proteat at~d notice of demanda, protest, and
nonpayment.
FEDERAL TI~UTH fN LENDING DISCIA3URE8
Cash Price = 7, SQO . 00 =
~
Totat Cash Downpayment a 3, 7 SO . 00
Unpaid Balancei Amount ~nanced = 3, 750. 00
FINANGE CHARGE (consisting solely of a
time price differential) $ 1,125.00
nPfor~l Payment Price ~ 8, 625 . 00
Total of Payments ~ 4,875.00
ANNL~AL PEACENTAGE RATE 10.85 ~
.se, or each of us, H•hether princiF,ai, security, guarantor, endorser or other party hereto, agree to
be jointly and sererall~ i,ound. I or we, ea.ch further aaive demand, protest and notice of demand, proteat and
nonpayment.
MORTGAGOR FURTHER AGREES:
1. To make all pa~ ments required by that note and this mortgage promptly when due.
2. To pay all taxes, assessments, liens and encumbrances on that property promptly R•hen due. If
they are not promptl~ paid, the Mortgagee may pay them without waiving the option to foreclose. and such
parments, with interest thereon from the date of paytnent at the same rate as specified in that r,ote, shall
also be secured by this martgage.
3. To commit, permit, ur suPter no waste. impairment or deterioration of the mortgaged property.
4. To pay al] expenses rea.sonably incurred by the Mortgagee because of failure of the Mortgagor
' to comply with the agreements in that note or this mortgage, including reasoc~able attorneys' fees. The cost
thereof. with interest thereon from the day of payment at the same rate as specified in that note. shall also
be sec:ured by this mortgage.
5. If any payment provided for in that note is not paid within 30 days after it Ix~comes due, or if an3•
agreement in this mortgage other than the agreement to make the payments is breached, the entire unpaid
principal balance of tha* note shall immediately become due at the option of the Mortgagee, and the Mort-
gagee may foreclose this mortgage in the manner provided by law, and have the mortgaged property sold to
satisfy or apply on the indeLtedness hereby secured.
6. The rents and profi~s of the mortgaged property are also hereby mortgaged, and if proceedings
to foreclose this mortgage shall I~e instituted, the court having jurisdiction thereof may appoint a recei~er of
the mortgaged property and apply those rents and profits to the indebtedness hereb~• secured, regardless of
the sol.ency of the Mortgagor or the adeyuacy of the security.
lh WITIv'ESS Vti'HEREOF. the Mortgagor has executed this mortgage under seal on the date and
year first abo~e written. This instrument prepared by Lynn Ra,~ey~ Gutdoor Resorts
` Signed, sealed and deii~ered of ymerica ~ IriC ,7ensen Beach, Florida.
in th resence of : - /
, ~ ~ (SEAL)
t i-T'° ' V. ~-x.~Z~~ (SEAL)
As V~'itnesses to t e Mortgagors.
~
STATE OF Florida _ _
COUNTY OF St. Lucie f
. ~f~re me, _ ~~~?~:~frQi_~C G~iUlcl dS~~~Zl~I,l.!z_ f~ ~.r to me
wtll kr~'~ ~nd known to me to l,e the individual described in and who executed the foregoing instrument and
t ~kre~w~dged t~:fore me Lhat_~~~~executed the same for the purposes therein expressed.
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C~ Y~itna~.5 my hand and seal this~-day of 19
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~ ~ Notary i and for the County a State aforesai .
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My commisaion expires ~ ~ ~ ~ ` , , : - s a~ ~ : F .
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