HomeMy WebLinkAbout1808 223'746 MO RTGAG E
' _ . . .~aa~.zi~_~L_& M___a~ A~_Beed~_. _ _ . _ . _
m~,rt~,•,i~,•,,r, in c~?usideration of the princip<<l sum specitiecl i~i the promi~sur~• note hereafter descril~ed. re-
,~•:~~c~ti -fr~~n~ (1L'TI)OOR RFSORTS OF AMERI('A. INC., a cor~i•ation orKanized an~l exi.tin~~ t~nder the I.aw~s
~~i thr tit<~te ~~f Tt~nne~.ee, the MortgaKor. hereUy on this__~nd___da}~ oL__Ma~__ 19- 11 . ~
n~~~rt~,.~~~~•~ 1~~ the ~I~?rt~,•a~ee the real pmperty in St. Lucie County, Florida, describecl as:
- Section II
I.ot Nc,. 1231-~i in that certain condominium knu~c~i as OL'TI~OR
ItE~01tTS OH ADiERI('A AT \ETTI.ES 1SI.AND, a. .ho«•n i,~• plat
recurde~i in the OHice of the Circuit ('ourt in and f~~r St. Lucie Cuuuty,
Fl~~rida, in Ylat Rcak 16. paRe 1:IA tfimu}?h 1J. _
THIS Iti ~ PLiRCHASE ~iUAEI~' ~IORT(:~(;E
:c~rurit~• 1'or the pa~~ment of the p~Y,mi~sor~ note of which the follo~~•in~? is a cup~•:
Instellment Note gnd Disclosure Statement
~ 8z775.00 _ RE+'En~F~ S 1~ ~S e>>~?.•~tir c' r:Y~s --_,I~e~fleach.--- F:brida
• D:1f UN CLA,~ 'C !",TA!v~°nif F _ :.:i',•.L F' _ ;
PURSWUVI TO '-:r=.tiY, :
CiiariEi{ 7! i~i . ~ i+r r~~?~
. _ r.. , iw~_
RO~EK ~ U~iR;~S. C;_~t ~ - - `
C_,::t. S;. Lcua Co. Flt,
F~rr ~'alue Recei~•ed, I, ~se or either uf u~ pr~~mise to pa3~ to the order of OL'TDOOR RF.SORTS OF -
:1 ~tF;hl('~, Iti('., P. O. K~~x 1116, Jen,en Beach, Flor ida, 33457, or any other place the holder hereof may
~+.~•~i~nat~ in ~.•ritin~,•, the sum c~f_Ei~ht thousand seven hundred seventy five ~100(8,775.00 Dollars,
.um hein~,• the Total of Fayments referred to in the I)i.closure Statement below, which inciudes a FINANCE
' ~ E1:~K(:F: on the amount financed, payable irL- _~4_ -equal consecuti~•e monthly installments of
i
j . 146. 25 each, and the first installment to become payable on the_1st_ __day of -t~_
i
~ ] S~ 71 ,.uid ~~ne ~uch in~tallment t~ i,ecome due and pa>able on the_ lst___ _da~• of each succeedinR month
; ~.,t~til the µ•hule uf s~iid inde??tedness (Total of Payments) is paid_ In the e~•ent of preps~yment in full b~ ca~h
t !~~f~~rc• the tinal installment date, the unearned i~rtion of the Fli`AI~'CE CHARGE shall be rebated under
; thc~ Rul~ ~~f iK'~.
~
z In the e~•ent of defaiilt in the due .?nd punctual payment of xny installment on this Note for a period of
~ ttiirt~~ 130) days, ~r if any statement, representation or warranty in any application for the credit evidenced
g h~• this Note is found to t,e untrue i~i an~• material respect, or in the e~ent THE UNUERSIGNED, WITHOUT
~ "[~IIE PRIOR «'RIT'1'I~:N ('nNSE\T nF THF, iIOI.DER HEREOF. SHALI, SELL. ENCUMBER (EXCEPT
~ Fi~it A\S' MORTC:A(;F. ~t'~il('H 1~ SH;('UItITI' FOR TNIS lv'OTE) OR OTHER~~'ISE DISPOSE OF OR EN-
~ ~'t'~iBER OR ('0;411t1T A\l' RRI~:A('H ()f~ THE biORTCAGE nR PER11iIT OR SUFFER AN1' LIEN TO
E:\IST O!~ THE RF.AI. PKOI'I~:RT1' PL~RCHASED BY THE LNDERSIGNED Ati'D FINAh'CED THROUGH ~
"I'3~~: CREDIT E~'II)F.ti'('EI) Rl' THIS NOTE or in the e~ent of the incompetency, insolvene~ (howsoever
~ o f the undersi ned then the entire remainin indebtedness then
c~~~~denced) or i,ankruptc~- of anyone r m re o g 8
~ ~iue shall become immediatel~• d~~e and pa~~able at the option of the holder hereof without demand, presentment
~ ~~r ~iotice of any kind. An~• failure ~~f h~,ldei• to exercise said option shall not constitute a wai~~er of the right
~ tu exercise the ~Hme at an~• ~~thcr time.
Time is of the e~:encc- ~?f this Nute. [n the e~•ent any instaliment is not paid when due or within ten
~ cix5•s thereafter, the ha~ldt•r ma~~ cullect, and the w~der,i~,?ned agree~~ to pay a late charKe on such instailment in
an am~n~nt equal t~~ :~~f ,uch imtallment or $5, whiche~•er is le~s, and in the e~~ent this Note is coll~cted by
- la~• ~~r throu~,•h an ~ettorn~~~• at 1~~~• or un~ler ad~•ice thereof, the under.iKned a~,?rees to pay all costs of collection,
includin~.• rei~onat,ie att~~rne~•'~ fee~ and cuurt costs to the extent permittecl by Florida laH•.
~ The under~i~,•?~ed and all endorser~ or other parties to this note jointly and se~erally transfer, convey"and
~'a <i,si~,•n to the H~~1~1er a sutfiirient amo~uit of such home:tead or exemption a. m.?~• be alloweci, fncluding such
- h~~mestead or exempti~,n as may i>e set <<part in hankruptcy, to pa~- thi. nc~te in full, H•ith all costs of colleCtion,
=7 and d~ hereh5~ direct an~~ trustee in hankruptc}• having pos,e:~ic?n ~?f such home.tead or exemption to deliver to
_ the H~~Ider a~uflicient amount of propert~~ ~~r money :et apart a~ e~empt to pay the indebtedness evidenced
' hE~ret?}~, ~r ant- rrne~+-al thereof, and do heret,~•, jointly and sc~~•eraliy, ap~x~int the Hc~lder the attotfiey in faet for
E~ach ~?f them, t~? claim any and all h~~me.tead exemptiun. allu~+~ed h~• law•. ~
- A first mort e for the ~ f e aforesaid inciei,tecine.. i~ retainecl 1, • nUTIX)OK~~tESCRTS OF
- K '~~'~~~o~ I~~' S K
:1~iF:K1('A. INC., on I~?t \01231-Nin that certain ('ondominium known as OL'TI)OnR RF.SORTS AT :~'ETTLES
- ItiL~ti(1, ~ind on an}- impro~•ements, fixtures or after acquired pmperty added thereon, as shoK•n by plat re-
- r~~rded in the nflice ~~f the C'ircuit ('ourt in and for St. Lucie ('ount~•, Florida, in Plat BcK,k 16, page 1:1A
throu~h 1J. g~RK~V~7 ?~~~i~~
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