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2~3 I'3~ _ . . . -
MORTGAGE . : ~
Joseph/a~ Doris Fischer~_ 128 S. Northwest_Hw Palatine~ I11_.
- - - - - _ _ :
rh~~ m~~rt~,~.i~,?~~?•. in cunsicieration of the principal ,um s~~itied i~? the promi:soi•S~ n~~te ~hcre~iftei• :le~~ c~i, re-
~~•i~~r~i frun~ OI,'TI)OOR RF.SnRTS OF A~1ER1(':~, ItiC., a cur~ic~r~tio:t ~~r~;anized xn~i e~i+tin},~ :~rni~•r La«~s
~>f the tit.~te uf Tet?ne.see, the Mortgagor, hereby on thi~__ 26 __da~~ ~~f_ OC~Qt}g~ , 1,? ~l , ;
n~~u•t~.•.~~,•e. tu the ~lortgagee the real property in St. Lucie ('uunt}~, ~l~~i•ida, descrit>ed ~i,:- '
;
I.ot No.rL8liI_ -_in that rertain condominium kuu~~•n ati OUTL~OR ~
RESORTS OF ADtER]('A AT \ETTI.F.S ISI.r1\n. a• thu~+~u t~~• plat '
recorded in the OfTire of the Circait t'uut•t in a~?d foi• ~t. Luc~ie ('ount~•,
Florida, in Ylat R«~k 16, page I:lA thruu~,~h 1.).
THIS IS ~ Pl?B('HASE ~tO~EY ~iORT(: ~GE
:eeurit~• for the pa~•ment of the promis,ory nute of ~vhich the follo~+in~,? is a cu~~~•:
Instaliment Note and Disclosure Stotement
- ~ ar ~p F.~":~':FD z ~6 ~ _ ~t. Lucie :,ount;,.
` ' ~ • _ - - D' , et: , , _ ~ ~.tx~S - - Florida
^ ~ ~ . ~`J~' ':tu:';'il{~
PURSL'A,tii TG Cr:,r ;Ea : ~ ,~~..a~~s ;,;~~,n,,_ ~ ~ - _October _26 - 1~ 71 -
RGGER ?Oi1n,lS, Cie;~ G~cu,t C:..ri. l::c;~
~L C.o_ f!a.
F~~r ~'alue Recei~•ed, 1, ~.-e or either of us pcumise tc? pay to the order of OUTUOOR RESOItTS OF
:1~IF;1:1('A, II~('., Y. O. Box 1116, Jensen Beach. Florida, 33457, or any other place as the holder hereof ma~~
1 r r ~ fit thcusana ~n" [l~.l.r:l~i~t;. i-'Zr::.i-•.' yQri~vi~
~ ~.~~:i~,n.?t~ in ~~•ritin~,, the sum of~~--_ - - - - (---i-------) Dollars,~-
~ ~hi, .um bein~; the Total of Payments referred to in the ni~closure Statement below, whirh includes a F1NANCE ~
,
~ ~~IIAR(:F: on the amaunt financed, payable it~ ~8 -equal consecuti~•e monthly installments o` r
~ ~ < ~ lst ~
e ___-each, and the first installment to become payable on the -day of- _ ,
~ 1~~~.~nd one such installment to become clue and pay~able on the__1St day of each succeedinR month ?
3
$ until the Hhole of ~id indebteciness (Total of Yayments) ic paid. In the event of prepayment in f~ill by cash
K !~c~t~~r~• the tinal in~tallment date, the unearned portion of the FI\A:~CE GHARGE shall be ret~ated under
~ tht~ }~iile of ?8'..
~ In the e~•ent of default in the due and punctual pa~~ment of any installment on this :v`ote for a period of
° ?}~irt~• (30) days, or if an~• statement, representation or w•arrant~~ in any application for the credit evidenced
~ this :\ote is found to be untrue in any material respect, or in the event THE UNDERSIGtiED, WITHOL'T
t` "I'}iE PRIOR ~~'RITTEN CONSE\T OF THE HOLDER HEREO~, SHALL SELL, ENCL'~iBER (EYCEPT
~ F't~R A~l' MORTGAGE «'NICH 13 SECURITl' FOR THIS tiOTE) OR OTHERWISE DISPOSE OF OR Eti-
~ ~~t':~iRER OR CO~iMIT A1'Y RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO
F;.l"IST O1V' TNE REAL PROPERTY PL'RCHASED BY THE L'NDERSIGNED AND FI~iANCED THROUGH
'I'HE ('REDIT E4'IUENCED Bl' THIS NOTE or in the e~•ent of the incompetency, insolvency (hoKSOever
~ t~~•idenceci) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then
riue sha11 become immediatel~ due and payable at the option of the holder hereof without demand. presentment
~~r notice of any kind. Any failure of hvlder to exercise ,aid option shall not constitute a w•aiver of the right
t~~ exercise the same at any other time.
~ Time is of the es~ence ~f this ~'ote. In the e~~ent xn~• in:tallment is not paid when due or w•ithin ten
~ia~•s thereafter, the holder ma~• collect, and the under~i~,rned a~ree~ t~? pay a late charge un such installmenf in
an amount equal to 5`~ of such instaUment or K•hiche~•er i. les., and in the event this Note is collected by
~n la~~• or throu~;h an attorney at laH• or under advice thereof, the under~igned agrees to pay all costs of collectiun,
~~a ~ i??cludin~,• reasonable attorney's fees and court costs tu the exter.t permitteci i?~• Florida la~ti~.
~S
The undersigneci and all endorsers or other parties to this nute ,jointly and ~e~•erally transfer, con~ey arid
~.i.si~:n to the Holder a suflicient amount of such hume.tea~i i,r exemption a~ may i,e allowed, ii~cludin~ such
;i hnme.tead or eremption as may l~e set apart in t,ankruptc•~•, to pa~• thi. note in ftill, ~vith al! costs of col{ecti~~n,
= and do herehy direct any trustee in bankruptcy ha~~ing pu~se::ion uf ,uch humestead or e~emption to deli~•er t~~ ;
_ ~ property or money ~et aGrart a• e~empt to paS• the indebtedne;s evidenced
the Holder a.uf~icient amount of
.P-y herei,~•, or any renew•al thereof, and do herel,~•, jointl}• and ;e~~er:ili~•, a~?E,~int the Hulder the attorney in fact f~~r ~
each of them, to claim any and all homestead exemption~ all~~~~ed t»• lai~~~.
;_a ~ A first mortga~e for ur t~ olf1 afuresaid indehtc.~lne~~ i, retaTned 1~~~ OL~TIIQOR RESORTS OF
~6C~ O .
- ~~fERI('A, INC., on l.ot :~o. . _~n at certa~n Condominium known aa OLTDOOR RESORTS AT Ir~TTLF.S
- ISI,A`I), and on any impn,vements, fixture~ or after acc;uired pruperty added thereon, as shown by plat re-
- :+~rded in the Of~ice of the Circuit ('aurt in and for St. I.i~cie t'~~i;?it~•, Florida, in Plat Rc~k 1S. ~3a;~e 2:;A
, .G, 1 i
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