HomeMy WebLinkAbout1145 ~ M O R:T.G A G E 2%~3~9
Fred W. & Stefanie Kiefaber~ P.O. Box 323, Jensen Beach~ Florida
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thc~ mort~,?a~?or. in cunsider~tion of the princip~il sum specified in the promissory note hereafter described, re-
~~~~i~•ed frnm OUTnOOR R~:SORTS OF A;1iERIGA, INC., a corporation organized and existing under the Laws
~~f the St~~te of Tennessee, the Mortgagor. hereby on this_ 2.9 -day of
January__ , 19~,
murtgx~,•e~ to the 1ltortgagee the real property i~i St. Lucie Count~~, Florida, described as: .
Lot No.~lI-- _..in that certain condominium known as OUTDOOR
RESORTS OF A111ER1CA AT NETTLES ISLAND, as shown by plat
recorded in the Office of the Circuit Court in and for St. Lucie County.
Florida, in Plat Book 16, page 1:1A throuKh 1J.
THIS IS A PURCHASE 1l101EY b10RTGAGE
security for the pa~ ment of the promissuiy note of which the follo~ving i~ a copy :
Instailment Note ond Disclosure Statement
` 1}l K9,$p St. Lucie County , Florida
-~m,e~a,~-
,rrx~a a~~g~~i „oa January 29 19~
and cancelbd
For Value Received, I, ~~•e or either of us promise to pay to the order of OUTDOOB RESORTS OF
~~iERi('A, INC., P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place as the holder hereof may
cit~~i~nate in ~vriting, the sum of Fo11P thoUSBIId one__tiunarga ift ~ ne ~ 41 .$0 ~ pollars,
this sum being the Total of Payments referred to in the Disclosure te~elow. which includes a FINANCE
('~iARGE on the amount financed, payable in_.___- 60_____ equal consecutive monthly installments'of
; ~~iQ.~.3 _-^each, and the first installment to-become payable on`the ls~day of ~reh ~
; 1~~, and one such installment to become due and payable on the-1St day of each succeeding month
~ ~,iitil the ~+hole of said indet~tedness (Total of Payments) is paid. In the event of prepayment in full by cash
i
i }~t•fore the fina} installment date, the unearned portion of the FI1~'ANCE CHAAGE shall be rebated under
the Rule of ?$'s.
~ In the e~•ent of default in the due and punctual payment of any installment on this Note for a period of
tE~~rty (30) days, or if any statement, representation or K•arranty in any application for the credit evidenced
' tn• this 11Tote is found to Ue untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT
~ TfiE PRIOR ~1~'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL~ ENCUMBER (EXCEPT
~ FOR A~'Y MORTGAGE WHICH 1S SECURITY FOR THIS r'OTE) OR OTHERWISE DISPOSE OF OR EN-
~ (.'UMBER OR COhiMIT ANY RREACH OF THE MORTGAGE OR PER~iIT Oft SUFFER ANY LIEN TO
~
` ~;~1ST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCF.D THROUGH
~ THE CREDIT EVIDENCED BY THIS NOTE or in the e~ent of the incompetency, insolvency (howsoever
4; et•idenced) or hankruptcy of an~ one or more of the undersigned, then the entire r~~maining indebtedness then
~ due shall become immediately due and payable at the option of the holder hereof without demand, presentment
~ or notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right
F to exercise the same at any other time.
~ Time is of the essence of this 1\ote. In the e~•ent an~• installment is not paid when due or within ten
`x elays thereafter, the holder may collect, and the undersi~ned agree~ to pay a late charge on such installment in
an amount equal to 5~~ of such installment or $5, whiche~~er is less, and in the event this Note is collected by
law or through an attorney at law or under advice thereof, the undersiRned agrees to pay all costs of collection,
~ including reasonable attorney's fees and court costs to the extent permitted by Florida law.
The undersigned and all endorsers or other parties to this note jointly and severally tranafer, convey and
' assign to the Nolder a sufficient amount of such homestead or exemption as may be allowed, including such
j homestead or exemption as may be set apart in bankruptcy, to pay this note in fuli, with all costs of collection,
and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to
the Holder a sufficient amount of property or money set apart as exer?zpt to pay the indebtedness evidenced
hereby, or any renewal thereof. and do hereby, jointly and se~~erally, appoint the Holder the attorney in fact for
each of them, to claim any and all homestead exemptions allo~i~ed by la~~.
A first mortgage for the security of the aforesaid indebtedness is retained by OLTTDOOR RESORTS OF
AMFRICA, INC., on Lot :`'o.~in that certain Condominium known as OUTDOOR RESORTS AT NE'ITLES
1SLAND, and on any improvements, fixtures or after acquired property added thereon. as shown by plat re-
corded in the Office of the Circuit Court in and for St. Lucie County, F'lorida, in Plat Book 16, page 1:1A
through 1J. ECRK20~ P~CE~~~~
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