HomeMy WebLinkAbout2429 ~ ~~t
. . 222140 M 0 R T G A G E ~ 4~'~' . '
~ ~ ri.- _~arah_~ext~n- i4~~ ~._W. 63rd.__."enue-~t~~auderdale,_rlori~a
th~~ murt~.•.?g~~r, in coii.ideration of the principai sum ~peciti.~~i i~i the pmmissor~• note he2•eaft~~r de~~~ril,~~~l, re-
~~•i~~e~l fr~~m OUTI)OOR RESORTS OF A:~IERICA. INC., a coi•poration organized and exi~tinti.,? t~n~ler th~• I.a«•s
„t the ~t.~te of Tennessee. the :~Tortga~;or. hereU~• on thi~_ ~~h da~• of. ~~~e~?er_ t~ 7_1_.
~,:~~rt~,~a~,•r~• tu the ~Ioi-tgagee the real propert~• in ~t. Lucie ('uunt~•, Florida, described as: ~
I.ot l~o._2~f1_ _ in that cert~in conduminium kno~~~n as OtTTI?vOK ~
RESORTS OF A~~EI~I('A AT \ET1'LF.S ISLA\D, as sho~rn b~• pl~:
recu?•ded in the Oflice of the Circuit ('oui•t in xnd far St. Li~cie ('uunt~•.
Florid.i, in Plat B~wk 16, page 1:1A through 1J. `
TN1~ 15~~ PURC1iASE~MO\El' ~IORTGA(.E
~ecurit~• fo?• the pa~•ment of the promissoty note of ~shich the follo~~•ing is a co~~t•: ~
Installment Note ond Disclosure Statement
~ ~ 8~~. ~Q - ~i;~..1ED S ~ ~ ~~sl - i~J P~YMEYi Oi TRXES jt. j,t1C1~ ~_Q1121~ T - Florida
p'~E CV C!AS.':;' 1'i'A';:~iStE PERS,:'~1l PROPERiY, -
fU~S:G,'-ii 10 C~++l?:ii? 71-1~:. ~CT; ~'i l~ll. _~~,~,~.Q n~~1,-~ 1~J- I~
{~ru;cR pn~i~~c, r•« rt.c. ~y~e t:~_ Fla r~
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F~~r ~'alue Recei~•ed, 1, ~re or either of us prom ise to pay to the order of OL~TI~OR RESORTS OF
:1 V F:i.l('~. I~'('., I'. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place as the holder hereof may
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~ ~1~•~i~nxt~ in ~~•ritin~,*, the sum of~y.~._.~~~rid__eight___hundred fifty _~_~8~0._00~ nollars, ;
; rhi~ ,um bein~,? the Total of Yayments referred to in the Disclasure Statement below. which includes a FINANCE
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4 ~ 1{:~RGF; on the amount financed, payable in-_.___~Q _equal consecutive monthly inctallments of s
; ; g2 .~0 _ ___each, and the first installment to become payable on the-1S_~-day of I~I_QYemher .
; 1~~ 71 , and one such in~tallment to become due and payable on the- lSt day of each succeeding month
~.~~til the ~shoie of said indehtedness {Total of Payments) is paid. In the event of prepa~•ment in full by cash
i<~f~rre the tinal installment date, the unearned portion of the FI\'AIv'CE CHARGE shall tie rebated under
y r Kule ~~f 78's. -
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` In the e~•ent of default in the due and punctual payment of any installment on this ti'ote for a period of j
x thirt~~ (30) da3•s. or if any statement, representation or warranty in any application for the creciit evidenced ~
~ F~~~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOL`T i
P "I~HE; PRIOR «'RITTEN CONSE:~T OH THE HOLDER HEREOF, SHALL SELL. ENCU1~iBER (EXCEPT
~ 1~ c~R A:~'Y MORTGAGE ~VH1('H 1S SECURIT~' FOR THIS NOTF.) OR OTHERWISE DISPOSE OF OR Eh'-
~ t't;`iBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~
~ f~:~IST ON THE REAL PROPERTl' PURCHASED BY THE UNUERSIGNED AND FI:~'ANCED THROLTGH ~
~ THE CREnIT EVIDENCFD BY THIS I`'OTE or in the e~~ent of the incompetency, insolvenc~~ (howsoever ~
~ c~~-idenced) or~bankruptc~~ of anyone or more of the undersiKned, then the entire remaining indebtednes~ then
:l:~e shall become immediately due and pa~•aUle at the option uf the holder hereof ~~•ithout demand, presentment ;
s.~ ~~r notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right ~
t~~ exercise the same at any other time. t
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= Time is of the essence of this Note. In the e~~ent an~~ installment is not paid when due or H~ithin ten '
- ~iays thereafter, the hulder may collect, and the undersi~,?ned ay,?ree. t~~ pa>~ a late charKe ~?n such installment in ;
- ~tn amount equal to 5'~ of such installment or ~5, Hhiche~•er i~ le.,, and in the e~~ent this Note is collected by F
= la~• ~r throuKh an attorney at laH• or under advice thereof, the tmdersiKned agrees to pa~• all costs of collecti~+n, :
- t;~inctudiri~,~ reasonable attorney's fees and court costs to the extent permitted by Florida la~•. '
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~ The undersigned and aU endorsers or other parties to thi. note jointi~• and se.~erally transfer, c~~n~•ey and
'-`s ~ a~si~,•n to the Holder a sufficient amount of such home,tead or exemptiun as may be a11uK~ed, includin~~ surh -
- h~rmestead or eremption as may be set apart in hankruptc~•, to pa~• this note in full, with all costs of rollertion, ;
and do herehy direct any trustee in bankruptcy having p~~sse~.ic~n ~~f such hame,tead or exemption to deli~~er tv ;
;y the Holder a suflicient amount of property or money ,et x{~art a, e~empt to pay -the indebtedne:~s e~~idenced ~
'~y ~ hereb~•, or any renewal thereof, and do herehy~, jointly and sc>~-erall~~, app~~int the Nolder the attorney in fxct for ~
,T;~ ~ c~ach of them, to claim any and all homestead exemption, allu~~~ed h~~ la~s. ~
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~ A first mortga~;e for the s~uritty~, of t}~e aforesaid indei,tecl~~es~ i, retained I~y OUTnOOR RI~:SORTS OI~' '
~\1tERI('A, INC., on I.ot No._~.`,21 _~fr~ L6a~
certain Condomini~m~ known aa OUTDOOR RESORTS AT NF.TTLF.S
ItiLA:V'I). and on any improvements, fixtures or after acquired pr~~~~erty added thereon, a~ shown by piat re-
r~~r~ied in the Office of the Circuit ('ourt in and for St. Lucie ('~~unt~•, Florida, in Plat R~uk 16, pake 1:1A
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