HomeMy WebLinkAbout1117 MO RTC,AG E , , -
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Henry_H. Cl~ton, R. 1 Box 78i Ft. Pierce~ Fla. .33_45Q _
the murtgxgor, in consideration of the principal sum specified in the prnntisao:-~~ liote hereafter described~ r~
~~c~i~•eci from OL'TDOOR RESORTS OF AMERICA. INC., a corporation urganizeci anci exi,sting under the Laws
~~t the State of Tennessee. the Mortgagor. hereby on this 24__da~ ef D~~~eL-~.-_ 19_~1.
murtgafie~ to the ~iortgagee the real property in St. Lucie County. Florida, described as: -
Lot No.~2 II _in that certain condominium known as OUTDOOR
RESORTS OF A11iERICA AT NFTfLES ISLAND, as shown Uy p1At
recordeci in the Office of the Circuit Court in and for St. Lucie ('ounty.
Florida, in Plat Book 16. page 1:1A through 1J.
THIS IS A PURCHASE 11lONE1' MORT(~AGE
securit~• for the payment of the promissory note of tihich the folloµing is a copy:
Installment Note and Disclosure Statement
~7020.00 ~z Lu e Cotultp , Fiorida
votu'~entary ShtnD~
December 24 19~
en~xe4 originai no11 -
•nd ance~W
For ~'alue Recei~~ed, I, ~~e or either of us promise to pay to the order of OUTDOOR RESORTS OF
:~~IERI('A, INC., P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place as the holder hereof may
~~~~:s~,*nate in ~~~ritinfi, the sum of Seven thousand tw_e_nty and no/100 _~7020.00 ~ Dollars,
t}~i. sum bein~* the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE
t'HARGE on the amount financed, payable irL-___ 6~_ , equal consecutive monthly installments of
~ 117.00 _____each, and the first- installment to become payable on the lSt_day of February
.
1~1 _~2 and one such instaliment to i~ecome due and payable on the-___~__day of each succeeding month
~ ~~ntil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
` hE~fore the final installment date, the unearned portion of the FINANCE CHARGE shall be rebated under
the Rule af 78's.
In the e~ent of default in the due and punctual payment of any instailment on this Note for a period of
; thirty (30) days, or if any statement, representation or warranty in any application for the credit evidenced
; this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT
= THE PRIOR ~i'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBEB (EXCEPT ~
` ~'OR AN~' MORTGAGE ~VHICH 1~ SECURITY FOR THIS NOTE) OR OTHER~VISE DISPOSE OF OR EN- ~
; t'L'h1BER OR CObiMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO
~ F..l'IST ON THE REAL PROPERTl' PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
a 'I'HE CREDIT EVIDENCED BY THIS :`'OTE or in the event of the incompetency, insolvency (howsoever '
~ e~•idenced) or bankruptcv of anyone or more of the andersigned, then the entire remaining indebtedness then i
~ ciue shall become immediatel~ due and payable at the option of the holder hereof without demand, presentment ;
= c~r notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right
Y to exercise the same at any other time.
4
~ Time is of the essence of this I~ote. In the e~ent any installment is nat paid when due or within ten
> days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in
~ an amount equal to 5: of such installment or whichever is less, and in the event this Note is colleeted by ;
~ law or through an attorney at law• or under advice thereof. the undersigned agrees to pay all costs of collection, ~
~ includinK reasonable attorney's fees and court costs to the extent permitted by Florida law.
The undersigned and ali endorsers or other parties to this note jointly and severally transfer. convey and ~
a.~ign to the Holder a suflicient amount of such homestead or exemption as may be allowed, including such ~
homestead or exemption as may Ue set apart in i~ankruptcy, to pay this note in full, with all costs of collection,
and do hereby direct any trustee in bankruptcy having posse~sion of such homestead or exemption to deliver to
' the Holder a suflicient amount of property or money set apart as exempt to pay the indebtedness evidenced
hereby, or any renewal thereof, and do hereby, jointly and se~~erallS•, appoint the Nolder the attorney in fSCt for
each of them, to claim any and all homestead exemptions allow•ed by law. i
~ A first mortgage for the secu~ity of the ~°resaid indel,tedness is retained by OUTDOOR RESORTS OF
~:~1ERICA, INC., on Lot 1`'0._~2~'~
net~ia~c~eita~in Condominium known aa OUTDOOR RESORTS AT NETTLES
- 15LANI), and on any improvements, fixtures or after acquired property added thereon, a5 shown by plat re-
corded in the Oflice of the Circuit Court in and for St. ~.ucie County, Fiorida, in Plst Book 16, page 1:1A ~
:z through 1J.
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