HomeMy WebLinkAbout2439 2221~8 MORTGAGE - ~
- ' ~ ~ +~isccnsin L~von~a i:ici:i an 4~1~0
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?~ir lllut't~~iiJ.,*OI', lll.consideration of the J11'111C1~)3~ Sllill ~pecifietj lll t}lf' promi~su~'~' l:~~t~' hereaft~~l' 11c~~ .I''~'ij, 1't'-
,~•i~~~~i fr~~m (lt?TI1nOR RESORTS nF :~~iERI('A, I\('., a cut•~~~,r<itic~n orga~iized an~l cxi~tin~,~ un~l~•r La~~~s
thr ~t,ct~~ uf Tenne.~ee, the '~iart~;ag~r, hereb~• on thi~_ 1_~ _dx~• ~f__ A~11 _ 7= ,
~;~~,rt~,~:~~c~~ tu the ~Iurt~,~a~;ee the real proE~ei•t~• in ~t. Lucie ('uunt~•. Fl~~ridn, de~crihed
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lA1L 10..'~ 1!. ttl llliil l'CCtiitu Cvuuu~~1?~uu?u ni~v~~ i~ a~ v~~ a a~vva•
RE~ORTS OF A1iEI:i('~ AT \F.TTI.ES 1SL~:~n. a: sho~~•n 1,~• plat
- rer~~rdecl in the Office ~~f the ('ircuit C~~urt i~i and fc~?• St. I.ucie ('~~unt~-.
Flui•ida, in Plat Rc?ok 16, page 1:1.~ thr~~ugh 1J.
' S E T;,~; .~--i; n! P•_ ~3rad By
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`.~s^^~,, THIS 1S A Pt"ftCH~SE ~10\E1' 110RTGAGE t,^n ha~.;e~ i
Ou:door Rzsorts of Amer~ca~ Inc.
~EY'tt{~~~ S~ t~ px~•ment of the promi~~or~• note of ~~•hirh the follo~rin~,• i~ a co~~•:
- A
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; A.`,~.~stallment Note ond Disclosure Statement `
! - ~':`GS;•'' oocu~~e, s:ar~~s LuCie ~ou!~LV Florida '
` ~ 9 ~ 1 l.4 ~ftue0 or ~ -el roL~
~ `~'iy~' and .a::.e~~od "gr=~ 1_~- - - - lq- ~ 1 ~
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~ F~~r ~'alue Recei~-ed, l. ~~~e or either of us promi~e to pay to the order of OL'TDOOR RE:SORTS OF
~ ~i~:}:I~' a. I\('., I'. O. Box 1116, Jensen Beach, Flor ida, 33457, or an~• other place a~ the holder hereof may
~ :';~•;i~:r~.~ce in ~.~ritin~. the ~um of ~P"•-p~_ y-~a~ar-G ~Gven_r.un~rec :iret~~ r~~:,~e~Q_.?~~?_~ Dollars.
~ ~ i~:i: ~;~m !>ein~,* the Total of Pa~ments referred to in the Di~closure St,~~~en ~?o , Khich includes a FItiA:~CE
_ ~ i~Ai:(;F, on the amount financed, pa~•able in__ . equal consecuti~e monthl~~ in.tallments of
. - ~ , • , : . pa~~able on the i ~ ~ -da~• of__'~
une -
~ "o -each, and the first installment to become ~ T
_
~
; 1~~ ~ i, .~nd one ~uch installment to become due and pa~-aLle on the_1 ~ ~ da~ of each succeedinR month
;~~til the ~.~hole of said indebtedne~s (Total of Pa~-ments) is paid. In the event af prepa~ment in full b~• ca.~h
~ ~~t•furE• the finai in~tallment date, the unearned portion of the FI1A?~CE CHARGE shall he rek,ateci under
~ the Kule c~f 78'~.
~ In the e~•ent of default in the due and punctual pa~•ment of an~ installment on this lote for a period of
t~~irt}• !30) da~•s, or if any statement, representation or w•arrant~~ in any application for the credit evidenced
- i.~~ thi~ tiote i~ found to t~e untrue in an}• material respect, or in the e~ent THE L'ti'DERSIGIED, V~'ITHOL"T
THE PRIOR ~ti'RITTE:~ ('O:~SE:~T OF THE HOLDER HEREOF. SHALL SELL, E:~CL':~tBER (E?iCEPT
~ ~'OR AtiY MORTGAGE «'HICH lS SECLTRITY FOR THIS :~OTE) OR OTHER~~'ISE DISPOSE OF OR E:~- '
~ ~'L;:~iBER OR CO;~i'.HIT A1Y RREACH OF THE MORTGAGE OR PERMIT OR SUFFER AK~' LIE\ TO :
F~:1IST 01 THE RE~L PROPERT~' PtiRCHASED BY THE UIDERSIGNED AND FI;~AtiCEU THROLtGH '
T}iE CREDIT E~'IUE:~CED Bl" TNIS NOTE or in the e~•ent of the incompetenc~, insol~enc~• (hoK~sae~~er _
e~~idenced) or bankruptc~~ of an~•one or more of the under~iKned, then the entire remaining indebtedness then
~iue ~hall t~nme immec~iateh• due and oa~•able at the opticm of the holder hereof K•ithout demand, presentment `
~ ~~r notice of any~ kind. Any failure of holder to exercise ~aid op!ion ~hall not constitute a Kaicer ~f the right
tu exercise the same at any other time. `
t
= Time is of the essence of th;c ?~ote. In the e~-ent an~• insialiment is not paid w•hen due or H•ithin ten
_ da4~s thereafter, the holder ma~• cullect, and the undersi~,•ned agree~ to pa~~ a late char~,=e on ~uch in~tallment in ~
= an amount equal to 5`~ of such in~tallment or q5, v~•hiche~-er i~ le~~, and in the e~ent this :vote is c~llected t~~~
_ la~.• or through an attorney at lav?• or under ad~•ice thereof, the under~iKned agrees to pa~• all co.ts of coltection, ;
- includin~,~ reasonable attorr.e3~'s fees and court costs to the ektent permitted by Florida la~•.
~ The undersigned and all endorsers or other partie~ to this note i~intl~• and se~-erall~• transfer, convey and
_ assign to the H~>lder a sufficient amount of ~uch home~tead or exemption as ma~• t,e alluw~ed, includin~ such ~
home~tead or ezemption as may be set apart in bankruptc~•, to pa~• thic note in full. ~s~ith all costs of collection.
i,,~ and d~ heret;}~ direct any trustee in bankruptc~~ ha~•ing po~~e.~~iun ~~f ;uch homestead or exemption to deli~•er to
~ the Hulder a~ufficient amount of property or money ~et apart a~ exempt to pa~• the indebtedness e~-idenced ~
hereb}•, or an~• renew~al thereof, and do hereb~•, jointly and ~e~~erall~•, appoint the Holder the attorneS• in fact for f
- each of them, to claim any and all homestead exemptions all~n+~zd h~- la.s. "
A first mortKage for the securit}• of the aforesaid indebtedne~~ i~ retained b; OLTDOOR RESORTS OF
` ~:~iF.RICA, INC., on Lot :~o~!~- _in that certain Condominium know~n sa OL`TDOOR RESORTS AT NETTLES
- 1SLA1[), and on an~• improvements, fixtures or after acquired property added thereon, as ~hown by plat re-
- cc~rded in the OflSce of the Circuit Court in and for St. Lucie ('ount}•. Florida, in Plat R~ok 16, pa~.~e 1:] A
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