HomeMy WebLinkAbout2899 ' i~ri~~ ~ . Thi~ lOsttut~e~r P•~p~~ed gy ~D
M O R T G A G E ~ 'lytm Raw~ey
P~IIL V. ~ B>'~RIIiS J. 1~RLI.IAMS~ husband atnd vifo~ Outdoa Rewris o( Americ~ Inc,~
in~ muri~a~~.. ~~:W:::~.p:.i~:t of the principal sum specified in the promissory note nereafter descril~ed. r~
ceired from OUTDOOR RESORTS OF AMERICA, INC., A corporation organized and existing under the Laws
of the State of Tennessee. the Mortgagor. hereby on thi~~_____day of ~r~b~ 19~.
mortgxges to the Mortgagee the real property in St. Lucie County, F'lorida, described as : .
Lot No.116~~n that certain condominium known as OLJTDOOR
RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat
recorded in the Offtce of the Cireuit Court in and for St. Lucie County,
F7orida. in Plat Book 16. page 1:1A through 1J.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a coFy:
Installment Note and Disclosure Statement
g 6~4~~,Op St. I.ncie Cotu~ty , Fiorida
Daumentary S!ampS 2
sfiixed original raU i''~rch ~T 19 7
~ ~ .
For Value Received. I. we or either of us prom ise to pay to the order of OU~'DOOR AESORTS OF
AMERICA. INC.. P. O. Box 1116. densen Beach, Flor ida. 33467. or any other place as the holder hereof may
de~ignate in writing, the sum of$~Y thn~ssnd four hundred t.~irt f ve ( 6,435•~ Dollars.
this sum being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE
CHARGE on the amount financed, payable in 60 equal consecutive monthly installments of
25 each, and the first installment to become payable on the lst day of ~Y ~ ,
19~2_, and one such installment to become due and payable on the 1St day of each succeeding month
until the whole of- said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
t~efore the final installment date, the unearned portion of the FINANCE CHAAGE shall be rebated under
the Rule of 78's.
In the event of default in th~ due and punctual payment of any installment on this Note for a period of
i thirty (30) days. or if any statement, representation or warranty in any application for the credit evidenced
f by this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED~ WITHOUT
f THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL. ENCUMBER (EXCEPT
FOR ANY MOBTGAGE WHICH 1~ SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
CUMBER OR COMMIT ANY BREACH QF THE MORTGAGE OR PEKMIT OIt SUFFER ANY LIEN TO
EXIST 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
evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining 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
to e~cercise the same at any other time. .
Time is of the essence of this Note. In the event any installment is not paid when due or within ten
days ~hereafter. ~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 $5. whichever is less, and in the event this Note ia collected by ~
law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection,
including reasonable attorney's fees and court costs to the extent permitted by Florida law.
' r_
The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and
assign to the Holder a suflicient smount of such homestead or exemption as may be allowed, :including such
homestead or exemption as msy be set apart in _bankruptcy. to pay this note in faill. with all costs of collection,
and do hereby direct any trustee in bankruptcy having possession of such homestead or exempti$n to deliver to
- the ~Iolder. a suflScient amount of prnperty or money set apart as exempt to p3y the indebte~Aess evidenced
hereby, ory~%y renewal theteof, and do hereby, jointly and severally, appoint the Holder the attoi~ey in fact for
eacl~.of t~enl; to claim any and all homestead exemptions allowed by law. ' '
. ~ .
A t~rst mortgage for the~
urity of the aforesaid indebtedness is retained by OIJTDOOR RESORTS OF
AMERICA, INC., on Lot No_llb~lin thst certain Condominium known as OUTDOOR RESORTS AT NE'ITI.ES
ISLAND. 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. Flotida. in Plat Book 16. pa,~e 1:1A
thmugh 1J.
~i~~~~ PACE~
o.~.~k, 2.01 • 2 s'b
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