HomeMy WebLinkAbout2444 222 5z MORTGAGE ~ ~ -
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`i l'i~ar~ ~ ~ ;v 1 _`„~~-.l~ta,~~.~A ~ `.'1 P _ - - - - - - -
•h~~ ~rnn•t~.~uk~u~•, in cuii•iderxti~~n of lhe princip~il sum ~pecihed in the promi~~or~~ note herexftei• de~cril~ed, re-
~•i~E~ci fr~~m OL'TI)OOH RESORTS OF AMERICA, I?`C., x corporatiun urganized xnd exi•tin~,• ;.r;der the LaH~s
•t thr ~t~itc~ ~~t' Tt•nnr.,.ee, the MortKaKor, hereb~• on this__ ~9~da~~ of-__ A___u~~=s~__._.-- 19 _~1 ,
~~~~~?•c~.~<<~.~e~ tc~ the :11u?•tga~,~ee the real propei•t~• in St. Lucie Counh•, Flurida, descril~ed as:
~~t Secti~n I
l 17-F~ _~n at certai~i cuiidominium knoK•n e~ UL'TI~OR
G.A~-;r, ItEtiORTS OF Ab1Eit1('A ~T \ETTLES ISLA:~D, a~ chuH-n t,,r plat
i°~`f.,;~a re.~•urcic~i in the Otfice of the Circuit Cc~urt in and for St. Lucie Cr~unty,
.r~' ~.h;,;-;~. plrt R.,..k 1R~ f131~*P 1•1 A thrnu~h 1.1.
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Gc ~ G T H I S 1 S A P l' R(' H A S E M 0 1 E 1' !
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f O R T G 4 G E
.c.c~ d~,~~'~?~~:,~~ e~~u~•?nent c~f the promi„oi-~• note of ~hich the follo~~~ink~ is x cup~•: ~
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~>f F
~~,tailment Note and Disclosure Statement •
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~ C ~v? sG~~~~' ~F ? l.iC1e n.GU_'':tV
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~i ith?e6 ong~nal not~ ---H1 L1S t 29 ~7
'.~4 1no canceded - 19-1
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F+~r ~'alue Recei~•ed, I. ~~~e or either uf us prum i~e to pa3• to the order of OL'TUOOR RESORTS OF
:1 ~fF;iij('.~, i\('.. P. O_ Rux 111G. Jensen Beach. Flor ida, 33457, or any other place a~ the hulder hereof may
,.~;:~,~nate in ~~~riting. the •um oi ri~ ~li.~~u;i._ ~gh~_.h ~nnre~ fi f~,,X (~i$~4_,..QQ-) Dollars,
' ~'i~:i~ •um k~ein~,• the Total of Ya~•ments referred to in the I>i.closure Statement Uelow, which includes a FINANCE
€ ~ f iARGF, un the amount financed, pa~•able in_ __60 ---equal consecutive monthly installments of
; ~ 97• 5~ each, and the first installment to become payal,le on the~T~~day of~love~ber
; i`.~ ?1. and une such in.tallment t~? become due and pa~•a~le on the__ f~T~__ _day of each succeedin~? month
{ ,~;til the Hfiole uf ~id inde?>tedne~~ (Tc~txl of Ya~~ments) is paid. !n the e~ent of prepayment in full by cash
z ~~~~i~,rc~ the tinai in~taliment datr, the unearned portion of the Fl:\'Ah'CE CHARGE shall be rebated under
' r~ t~ 1{ule of 'r ~3's.
In the e~~ent uf default in the due and punctua) payment of any installment on this :`'ote for a period of
~ ~t~irt~• 130) days, ur if am- ~tdtement, representation or warrant~• in any application for the credit evidenced
~ this I`ote i~ fc~und to i~ uiitrue in an~• material respect. ~~r in the e~•ent THE UNDERSIGNED, WITHVUT
"1'NE YRIOR ~ti'RITTEI~ ~'f)\SE'~T O~' THE HOLDER HEREOF. SHALL SEI.I., ENGUMBER (EXCEPT
~ !~'~~K A~1" MORT(,A(;E ~t'H1('H 1~ SEC'URI'1'~' FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
; c't'MBER OR COMMIT A:~~' RKEA('H OI~ THE MORTGAGE OK PERMIT OR SL'FFER ANI' LIE!~' TO
; ~:\IST OI`' THE REAL YRUYE}:T1' YtR(_'HASED RY THE L':~DERSIGl`'ED AI`'D FINANCED THROUGH
~ "[~}~E CKEDIT E~'IDE~('EU Bl" THIS NOTE or in the event of the incompetency, insolvency (howscever
~ «~~~idenced) or }~ankruptc~• uf an~•~~ne or more of the undersi~ned, then the entire remaining indebtedness then
~ ~iue ,hall become immedixtely d!~e ar.d i,x~•able at Lhe option of the holder hereof without demand, presentment
~ ~_~r notice of anp kind. An~• failure c~t holder tu e~erei~e ~xid option shall not constitute a w•aiver of the right
_ tc~ exercise the sdme ai an}~ other tir~:e.
~ Time is of the e~sence ~,f thi~ \ute. In the e~•ent any installment is not paid w•hen due or within ten
rs du~~~ thereafter, the h~_~ider ma~• c•~,llert, and the undersiKned a~,?rees to pa}• a late charge on such installment in
an amount equ~l tc~ 5' % ~f ~~,~•h in~ta',Irnent ~~r ~~hiche.•er i~ le~s, and in the e~ent this I~'ote is coliected by
= idH• or throuk~h an attorne~~ dt la~.~ under adrice thereof, the undersik•ned agrees tu pa~- all costs of collPction,
includink~ re~?~c~naLie att~~rne~~'s iE:e: ~nd rourt custs t~~ tt~e e~tent ~>ermitted Ly Florida laa•_
_ The under~i~.?necl and all endor~er. or other parties to this note jointly and severaliy transfer, convey and
as~ign to the H<~ider a sutiicient amount of ~urh home.tead ur exemption as may be aliowed, including such
homestead or exemption a, may 1,e set aE~art in t~ankruptc~•, to pa~~ thi~ note in full, H•ith all costs of collection,
;rv; and do herel~ti~ direct an~~ tru.tee in f,ankruptc~• ha~•ing pc~sties~ion nf such humestexd or exemption to deliver to
the Nolder a~uHicient amount of propert~• ~~r money ~et apart x~ eaempt to pa~- the indebtedness evidenced
= here}?~•, or an~• rene~ral therevf, and do herel,~•, j~~intly and w~~erall~~, appoint the Holder the attorney in fact for
each uf them, t~~ claim any and all home~tead exemptiun. allo~~~ed b~• taw•.
= ,
A first mort~age for the securit~• of the aforesaid indet,tedl:r.. is retained 4,y OL?TI~OR RESORTS OF
= AivI~:KI('A, II`C., on Iut ?~o11~~I-in that certain C.undominium known aa OUTI)OOR RESORTS AT I~'~'TTLES
ISI,AtiU, and on an~- impruvement., fixtures or after acquired property added Lherevn, as shown by plat re-
- curded in the Office of the Circuit ('oart in and for St. I,ucie ('~,unty. I~'lorida, in Pl~?t Bouk 16, page 1:1A
thruu~,~h 1J. Th~s Instrum:R~ ?rcpared dy
` ~iOQK~~ PAC£ ,~,4~ l•~~~ F t:'s%
1 Qu;~cor Reso~ -~^.ef ~2, Ir,L,