The URL can be used to link to this page

Home My WebLink About1156 MaRTGAGE 2;~3~g . . 3~-~=.- ' the mart~?aKor, in consideration of the principa sum spec> >n e prom~ssor~ note hereafter described, r~ ~~~~i~•ed from OUTDOOR RF.SORTS OF Ab1ERICA, INC., a corporation organized and existing under the Laws ~~i the Stnte of Tenne..ee, the Mortgagor~ hereby on this -day of~ , 19~r, m~~~•tg.iges to the ~tortgagee the real property in St. Lucie ounty. Florida, desc-- r~i e'as: Lot No.12~~Z_in that certain condominium known as OUTDOOR RESORTS OF AMERICA AT NEITLES ISLAND, as sho~vn Uy plat recorded in the Office of the Circuit Court in and for St. Lucie Co~mty, Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE MONEY 11lORT(:AGE ~e.~ urit for the payment of the promissory note of which the following is a copy : Instaliment Note and Disclost~re Statement . . ~ . ~ 9~360.00 : St. I+tzCie County , Florida n; _~c,ent~ry Starpt '~ec--5---- lg~l--- e!fueG onginal not~ nr4 ~"'fAH~ ~'alue Recei~•ed, I, H~e or either of us promise to pay to the order of OUTDOOR RESORTS OF .~~IERIC'A. INC., P. O. Bo~ 1116, Jensen Beach, Florida, 33457~ or any other place as the holder hereof may ~IE~:ignate in writing, the sum of Nine thousand three _hundred sixty_ ~ 9,360•OOj Dollars. t t~i.• su e' the Tot~~l of Payments referred to in the Disclosure Statement below. which includes a FINANCE ; ' / ~ F`(' ~A the amount financed, payable in_.___ 60_ equal consecutive monthly installments of ; ~ ~ lY1 ; ~ 55~~_____each, and the first. installment to become payable on the~s;,-day of_~;~ : ~ ~ 1 ~ ~2_, and one such installment to become due azid payable on the_~~-day of each succeeding month j ~~~~til the ~ti~hole of said indebtedness (Total of Payments) is paid. In t.he event of prepayment in full by cash ' !~~•fc?re the final instaliment date, the unearned portion of the FINANCE CHARGE shall be rebated under ~ th~~ Rule of ?8's. ~ # In the e~~ent of default in the due and punctual payment of any installment on this Note for a period of x ~}~i?•ty (30) days, or if any statement, representation or warranty in any application for the credit evidenced ; this I~'ote is found to i~e untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT TFiE PRIOR «'RITTEN GUi`SE`'T OF TNE HOLDER HEREOF. SHALL SELL, ENCUMBER (EXCEPT ~ ~'OR ANY MORTGAGE ~VHICH IS SECURITY FOR THIS NOTE) OR OTHER~'VISE DISPOSE OF OR EN- ~ t'['MBER OR COM1~iIT ANY RREACH OF THE MORTGAGE OR PEftMIT OR SUFFER ANY LIEN TO ~ E.l'IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ~ e~•idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ' ~lue shall become immediately due ar.d payable at the option of the holder hereof without demand, presentment ` s ~ ~,r notice of any kind. Any failure of holder to esercise said option shall not constitute a waiver of the right ~ to exercise the same at any other time. ~ ~ Time is of the essence of this 1~'ote. In the event an~~ installment is not paid when due or within ten ~ days thereafter, the holder may coliect, and the undersigned agrees to pay a late charge on such installment in an amount equal to 5~: of such in~tallment or $5, whiche~~er is less, and in the event this Note is eollecteci by law or through an attorneS• at law• or under advice thereof, the undersigned agrees to pay ali costa of collPCtion, ~ - including reasonable attorney'~ €ees and court costs to the extent permitted 6y Flo'rida law. ~ The undersigned and all endorsers or other partie~ to this note jointlS• and severally transfer, convey and ~ assign to the Holder a suflicient amount of such homestead or exemption as may t,e allowed, including such . homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection, = and do hereby direct ~ny trustee in bankruptcy having posse~cion 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~•erally, appoint the Nolder the attorney in fact for = each of them, to claim any and all homestead exemptions allowed by law. " Y~ A first mortgage for the sec~Yts• of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF AbiERICA, INC., on Lot `'o. 1272/ ln that certain Condominium known aa OUTDOOR RESORTS AT NETTLES t; I~LAti'D, and on any improyements, fixtures or after acquired property added tbereon, as shown by plat re- corded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A ~ through 1J. ~ R ~nn ~a ~CJK - - r.-~. : _ . _ _ s , = ~ _ r _ ~ _ ~ - ~ - . . . _ . . _ f = .