HomeMy WebLinkAbout2879 litis inst~un+ea! Pre~red S,y ~ ~
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~putdoo? Reso:is of A~r~Criay ~t~. 01' anr~i~ors
J~CB C. SCHII~ dE H1ROI.D D. 8?SA$FBORG. Joint Te~e~~vitb tn11 ~.h _a ,
the mortgagor~ in consideration oi the principal sum specified in the promissory note hereafter described~ ro-
cei~~ed from OIJTDOOR RESORTS OF AMERICA, INC.. a corporation organized and exiating under the Lawa ~
of the State of Tennessee, the Mortgagor, hereby on this_.~~day of lr~b_....,.• ~ 19~.
mortgages to the Mortgagee the real property in St. Lucie County. Florida, described aa: ~
Lot No. 182~II in that certain condominium known as nUTDOOR
RESORTS 4F AMERICA AT NETTLES ISLAND. as ahown by plat
recorded in the Ot~'ice of the Circuit Court in and for Sk Lucie County.
Florida, in Plat Book 16~ page 1:1A through 1J.
;.r~+ ~ . ~ . . • . -
- THIS IS A PUItCHASE MpNEY MOR'PGAGT~
As security for the payment of the promissory note of which the.~ollqwing is a copy: ~
. . . ,
Instatiment Note and Disctosure Statement
$ 7955•52 st. I.ucie county ~o~;aa
y
Daumentary Stampa
~ifixed ariginal nott 19
~'or"~a`~ue P~eived. I, we or either of us promise to pay to the order of OUTDOOA BESORTS OF
A~IERICA, INC., P. O. Box 1116, Jensen Beach. Florida. 33467. or any other place ss the holder hereof may
decignate in writing, the sum of Seven thonsand nine hundred f five ~2 55.52
this snm being the Total of Payments referred to in the Disclosure Sta me e , which includes a FINANCE
CHARGE on the amount financed. payable in 96 equal rnnsecutive monthl
y instaliments of
~ 82 • 8~ each~ and the first installment to become payable on the~~day of~i+*i ~ ~
192~, and one such installment to become due and payable on thp 15 dsy of each suoceeding month -
until the whole of said indebtedness (Total of Paymenta) is paid. In the event of prepayment in full by cash
before the fina} installment date, the unearned portion of the FINANCE CHARGE shall be rebated under
the Rule oi 78's.
in the event of default in the due and punctual payment of any installment on this Note for a period of
thirty (30) days. or if sny statement, representation or warranty in any application for the credit evidenced !
by this Note is found to be untrue in any material respect, or in the event THE UNDE~iSIGNED, WITHOUT
THE PRIOB WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBEB (EXCEPT
i FOR ANY MO~tTGAGE WHICH 1S SECURITY FOB THIS NOTE) OR OTHEftWISE DI3P03E OF OR EN-
j CUMBER OR COMMIT ANY BREACH OF THE MOBTGAGE OR PEBMIT OIt SUFFEB ANY LIEN TO
; EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
; THE CftEDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, ina~olvency (howecever
~ evidenced) or bankruptcy of anqone or more af the undersigned. then the •entire remaining indebtedness then
E due shall beoome 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 oonstitute a waiver of the right
! to exercise the same at any other time.
~
~ -
Time is of the essence of this Note. In tt?e event any instatlment is not paid when due or within ten
days thereafter, the holder may collect~ and the undersigned agrees to pay .a late. charge on $uch i~fatal~inent in
an amount equal to 5~ of such installment or $5. whichever is less, and in the event this Note is coUect~d -by
law or through an attorney at law or under advice thereof, the undersigned agrees to pay all oosta:of coUection, '
including reasonable attorney's fees and court costs to the extent permitted by Florida law. -
The undersigned and slt endorsers or other parties to this note jointly and~severallq trsnsfdr, ~convey and
assig~n to the Holder a suf~'icient smount of such homestead or exemption as may be allowed, including auch :
homestead or eaemption as msy be eet apart in bankruptcy. to pay this note in full, with all costa
of caUeetion,
and do hereby direct ar~y trustee in bankruptcy having possession of such homestead or exemptioq~o deliver to
the Holder a sufficient amount of property or money set apart as exempt to pay the indebted~s evidenced
hereby, or any renewal thereof. and do hereby, .jointly and severally, appoint the Holder the attorney in fact tor
' each of them, to claim any and all homestead exemptions_allowed by law. ~ `
A first mortgage for the security of the aforesaid indebtedness is retained by OUTD(~OA ~tESOItTS OF
AMEBICA. INC.. on Lot Nola~~n that certain Condominium known aa OUTDOOR RESO~tTS AT NETTLES
ISLAND, and on any improvements, fixtures or after acquired propertq stdded t6ereon, sa shown by plat re-
. corded in the Ofiice of the Circuit Court in and for St. Lucie Count , Florida, in P1~t Book 16, page 1:1A
through 1J. QOaX fj(~~ P~f'Q~
a ~?v 4~~
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