HomeMy WebLinkAbout1823 223'758 M O R T G A G E ~
Ira E. and~or _ Beatri ce__G Fi tzReral_d ~ Kings_ H~,_i Bax Che s ter i K._ Y.
m~~rt~,~a~,n~r, in c~?~i.ider.ition of the princi~~xl sum specific~i in the promissor~• note hereufter ~1~~~.•r~' ~•,i, rc.~-
i~~~~l tr~~n~ Ot'TI~OOR RF.SORTS OF A~iERICA. INC., a cor{x?ration organized an~l exi~tin~,• ~ind~•r t~ = l.a~•s
,~i thr ~tate uf Te~u~e..ee, the Mortgagur, hereU~~ on thi._ da~• ~t'._.December ?l,
n:~~rt~,~.?~.•t~~ t~? the ~I~?rtg~igee the real prope~•ty in St. Lucie ('ount~•. ~lurida, descril,eci
Lot No. _~+2311I .in that rertain condominium kno~r~i a. OL?TnOOR
RESORTS OF A~iF.R1CA ~T \ETTI.F.S ISI.~\D; a, sho~~•n b~• plat
recorded in the Oftice of the ('ircuit ('~?urt in x~id for St. Lucie Cuunt~•.
Florida, in Plat Rook 16, page l:lA thrui~~?h 1J.
TH1S IS ~ Pt'RCNASE ~f0\El' ~lORTGAGE
~t~•urit~• f'or the pa~•ment uf the pri?mi~soe•~• note of a•hich the follo~rinK is a co~~~: ~
Instoliment Note and Disciosure Statement
5200,pp t~o St. Lucie County F~urida
- ~ r ~c ~ ` / o i . ;r L is December 71
~ ~ _ _ is_
PURSUn.'.T i0 Cfi.1P ~it li-::s4, A~~;; DF 1: JI_ - - -
F~~~~ ~'alue Recei~•ed, I~G~ePor ett~}iQ~~ti9"'`~.~~'~t~in~~~~~cf~a~ to the order of OL'Tll00R RI~:SORTS O~
~l H:h!!'A, I\'('., I'. O. Box 1116, Jensen Beach, Flor ida. 33457. or any other place as the holder hereof may
~i~~~i~,n:?t~ in ~~•ritin~?, the sum of Five _thOUSarid_ t~1o hundred 821d IIO/100 ( 5200.00 pollar.,
; ?~~i• .um l,ein~; the Total of PaS ments referred to in the l~isclosure Statement betow. which includes a F[~iANCE
' ~ 11:11tCE cm the amount financed, payable in-. 60_ ___-equal consecuti~e monthl} in.tallments of
~ ~ 86.66 each, and the first installment to become pa~aUle on the 1St_day o~ebruar~r ~
~
s 1:~ ?2 , a~~d one such installment to become due and pa~ able on the__ lSt day of each succeeding month
' ~;~,til the ~~•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
~ i~~•f~~re the tina! instaliment date, the unearned portion of the FItiAI~CE CHARGE shall t>e rebated under
~ ~ h~~ Rule of 78'~.
s
~
~ In the e~•ent of default in the due and punctual pa~ment of an~ installment on this ti'ote for a perioci of
~ ?~:irt~• (30) days, or if an~ statement, representation or H•arrant~• in any application for the credit e~idenced
~ thi. :~ote is found to t,e untrue in an~• material respect, or in the e~ent THE UNDERSIG\'ED, ~~'ITHOU'T
~ ",'?iE PRIOR «'RITTEN CONSE\'T OF THE HOLDER HEREOF. SHALL SELL. EtiCL'~iBER (E~CEPT
1~'~~R A`'~' MORTGAGE WHI('H 13 SECURITY FOR THIS \'OTE) OR OTHER~VISE UISPOSE OF OR Eti-
~ ~~t'~1BER OR ('0;1iMIT Ai~tY RREACH OF THE MORTGAGE OR PERMIT OR SL'FFER AN1~' LIF.\ TO
~ I~:\IST ON TNF. RF.AI. PROPERTZ' PURCHASED BY THE L'\DERSIGNED A2\'D FINAtiCED THROL'GH
~ "i'f(E ('RED[T E~'IDE1I~~CEU Bl' THIS NOTE or in the event of the incompetency, insolvency (howsoe~•er
~ t~~~idencecl) or bankruptc~~ of anyone or more of the under,ifined, then the entire remaining indebte~ne~~ then
y pa~•able at the option of the holder hereof w~ithout demand, preseniment
~ ~iue shall become immeciiatel due and
~~r notice of any kind. Any failure of holder to exercise said option shail not constitute a w•ai~er ~f the riRht
_ tu exercise the same at any other time.
~
Time is of the essence of this Note. In the e~•ent ant• in.tallment is not paid w•hen due .or within ten
_ ~la~•. thereafter, the holder ma~~ collect, and the under~i~ned agree~ to pay a late charKe on such iti.~tafimen~ in
_ ~+n amount eyual to 5`; of such in.tallment or $5, whiche~-er i. le.., and in the e~ent this tiote is cobeeted bS~
la~~~ or through an attorney at lav? or under advice thereof, the under.i~*ned agrees to pa~• all co~ts of collection,
k~
3~2 inc~ludin~,? reasonabie attorne~•'s feea and court costs to the extent permitted by Florida laH•. -
The undersigned and all endorsers or other parties to thi~ »l?tE' j~intl~• anci ~e~•erally transfer. ,~onvey and
- s'. a~.i~:n to the N~?Ider a sufficient amount of such home.texd or e~emption as ma~• l,e al1oH•ed, ia,cludin~; such
- h~miestead or exemption as may be set apart in bankruptcy, to pa~~ thi. note in full. H•ith all rosts~of collection,
~y~Y and d~ heret?~• direct an~• trustee in bankruptcy having pc?.~e~~i~m nf ~u~•h honiestead r,r exemptiori-t~, deli~•er t~,
H'-" ~ the Holder a suf~icient amount of property or money set apart a~ exempt to pa~ the indebtedne s e~•idenre~3
hereb~•, i?r an~• rene~~~al thereof, and do hereby, jointly and ~c~~•erall~•, xp{~oint the Holder the att~~rney in f.tct f~>r
~y t~arh of them, to claim an3 and all homestead e~emption~ xll~~~~-e~l h}- law•.
i
~ A first mort~;a~,?e for the s r t foresaid indel?teclne~. i~ retained hy OL'TIIOOR RESnH"CS O~'
~~i~i ~Ia
' :~~iERI('A, INC., on l,c~t ;~'o~2~_in that certain Condominium known ae OL'TDOOR RESORTS AT NFTTLES
I~I.A`i1, and on anp imprn.~vements, fixtures or after acquired pr~~perty added thereon, as tihovrn hy plat re-
= r~~rded in the Office of the Circuit ('ourt in and for St. Lucie ('~~unt~~, Florida, in Plat Bcx~k 16. pa~,*e 1:1A
~ t r ~ . ~ .r
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