HomeMy WebLinkAbout2424 222136 MORTGAGE ~
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R1VCt~,?a~,•ur, in rc?nsiderxtion of the principal sum specified in the pmmissory note hzreafter descril?ed, r~
.,~i~~e~l frc~m Ot"TI100R RE50RTS OF A:~IERICA, INC., a corporatio:~ urgauize~ and exi.tin~ under the Law•s
the ~tate ~~f Tc•nne~~ee, the Mortgagor, hereb~• on this_~,p~h _da;; of_-__p~ _ _ - 19-Z1_,
r,~~rt~.<i~.~E~~ t~~ the ~'Iurt~a~;ee the real propert~• in St. Lucie Count~~, Florida, descril~ed a.:
I.ot :\u._ 129fi.-I~i Sn~ftia{~ certaiu conduminium k:tiu~~n a~ OLTTIXJOR
RESnRTS OF A?11ERICA AT '.~F.TTI.ES ISLA\D, u~ ~hu«~t: 1?r• plat
rE~•~~i•de~i in the Office c~f the ('irru~t i'~~u.4 a:~ Lacie ('ount~•,
~'lorida, in Plat Book 16, paKe 1:1A throu~,?h 1J.
TH[S l5 A PURCHASF. 1f0\El' ifORTG 4GE
.a~ :ecurit~• fur the ~?a~-rne~~t of the prumissor~• note of ~•hich the folloH•inK is a cup)~:
Installm~y nt Note and Disclosure Stetement
fc~c-~ oi ~~::5 'da
~ $ - . _ . . . .~.t~ ~ljJf <<ff. ~otument~ry Stamps _ ---~IIS~11_$~df.~L-----• ~OCI
s {~Y-±---sr . . . , r. , Y'•, . _ r ~ - ' -
Ft:f,..,.^_~? `e~~'1:' 2:.~. R:'.. i5}l. ~ e0 or~~m~l not~
, ; ; , Ma~ 20 ~ - - - 19_71
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F~~r ~'alue Recei~•ed, I. ~~e or either" of us Ar~~mi~e tu pay to the order of OL'TllOOR RESORTS OF
! .-11IF:I:I('~, I:~('., P. O. Rox 1116. Jensen Beach, Flor ida. 33457, or any other place as the holder hereof may
' ,it•~i~natE• in ~+~ritin~, the ~um ofEi~ht__thousand one hundred ninety S no/100 ~ 8,190.00 ) Dollars,
~ •i:i: •um Lein~,• the Total of Pa~•ments referred to in the Uisclosure Statement below, which includes a FI:~ANCE
F
; ~ 11aKGE an the amount financed, pa~able in_ ___.fiD_ equal consecuti~~e monthl3 installments of
~
~ ? 135.SQ ____each, and the first inctallment to become payable on the~l~t_-day of July ~
F i t~ 71 , illl(~ c~ne ~uch in~tallment to i,ecome due and pay able on the__ __lst day of each succeeding month
.~:til the w•hule of said indehtednes~ ITotal of Pay~rr?ents) is paid. In the e~ent of prepayment in full by cash
~~~~i~~re the tinal in~tallment date, the unearned portion of the FI\A:~CE CHARGE shall be rebated under
' •;,r Rule ~~f i$'~.
In the e~•ent of default in the due and punctual pa~~ment of any installment on this :v'ote for a period of
:'t~irt~- (30j da~•s, or if am~ ,tatement, representation or w•arranty in any application for the credit evidenced
~ thi: ;~ote i~ found M tre untrue in an~• material respect, or in the e~•ent THE UNDERSIGNED, WITHOUT _
5 "1~}~E PRIOR ~'~'RITTEti (`O:~SE1T OF THE HOI.DER HEREOF, SHALL SELL, ENCUMB~P. (EXCEPT
~ F~~R A?~l' ~IORTGAVF. ~t'HICH l~ SECURITY FOR THIS NOTE) OR OTHER~'ISE DISPOSE OF OR EN-
~~L':1'IBER OR CO!~il1tT A:~l' KHEA('H OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO
£ ~:?~IST O:~ THE REAL YRUYERT~" YL'KCHASED BY THE liI~'DERSIGNED AI~D FINANCED THROUGH
F '1'IIE CKEDIT EVIDE;~CEU KY THIS NOTE or in the event of the incompetency, insolvency (howsoever
~ e~~idenced) or bankruptc~• of an~•one or more of the undersigned. then the entire remaining indebtedness then
~ ~~ue shall become immecliatel~• d~~e a?id pa~•able at the option of the holder hereof ~ithout demand, presentment
~ ~~r notice of any kind. Ar~• fa:lure of holder to exercise said option ~hall not constitute a w•aiver of the right
tu exercise the same at any c?ther tin:e.
- Time is of the es<ence of th:~ :~ute. In the e~~ent an~ installment is not paid when due or within ten
- cla}•s thereafter, the h~+l~ier ma~~ ct,llect, and the undersiKned aKree~ ta pay a late charge on such installment in
~~r~ amount equal t{, ~~>t such in~tallment or ~5. whiche~~er i~ les., and in the e~•ent this Iv'ote is collected by
law• or throuy~h an attori:ey at law- ur undel• ad~•ice thereof, the under~iKned agrees to pa~~ all costs of collecti~n,
_ ir,cludin~? reasonat~le att~~rne~-'~ fee~ and court costs to the extent permitted t,y Florida law•.
The undersigned and ali endor~ers or other partie. to thi~ nute jointl~• and severally transfer, convey and
` d~siFn to the H~~Ider a suflicient amount ~~f such hume~tead c~r exemption as ma3• i,e allowed. including such
hume~tead or exemption as may t,e set apart in i,ankruptc~'. to pay this note in full, w~ith all costs of coliection,
and do herei~~~ direct any~ tru~tee in bankruptcy ha~•in~ pu~~e~~ion of such homestead or exemption to deliver ta
the Holder a~uflicient amount of prupert~• or money ~et apart a~ exempt to pay the indebtedness evidenced
=~mA heret~~~, or aiz~• rene~-a1 thereof, and dr~ hereE,~-, ~ointl}• and ,e~~eralic, ap~?int the Holder the attorney in fact for
each uf them, tu claim any and all homestead e~emption~ allu~+~ed 1,~~ laK•.
A first mort~,~aKe for the secu~~t~t~?~~hgiaforesaid indet,teciiies~ i~ retained t~y OL'TI)OOR RESORTS OF
~~iERICA, INC., on I.~,t ?~o.12qbDt in that certain Condominium known aa OLITUOnR HESORTS AT NETTLES
_~"a ISLAtiI), and on an}- impro~•ements, fixture~ or aiier acquired property added thereon, as shown by plat re-
corded in the Office of the Circuit Court in and far St. Lucie ('~~unt~~. Florida, in Plat Bcwk 16, page 1:1A
throu~h 1J.
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BO~c .L70 P~G~
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