HomeMy WebLinkAbout0074 23082'7 ~ ~nstr~^„ . ;;area
MO RTGAG E ~ k~:.~~.~
George M. g Jessie H. Beardow~ RFD ~1 ~ West Redding ~fl_~aarc.• •.:~~f Americ8. Inc.
the mortgagoi•, in consideration of the principal sum specified in the promissory note hereafter cie.cril,eci, re-
r~~i~•ed from OUTDOOR RESORTS OF AMERICA, INC., a corporation organized and existing t~ncler the Laws
~~f the State of Tennessee, the Mortgagor, hereby on this 22_ __day of ~~rCh Ig_?2 ,
murt~afie. to the Mort~agee the real property in St. Lucie CountS•, Florida, descrihed as:
Lot No.~73~II in that certain condominium known as OUTDOOR
RESORTS OF AMERICA AT NET'fLES ISLAND, as shoH°n by plat ~
recorded in the Office of the Circuit Court in and for St. Lucie County.
Florida. in Plat Book 16. page 1:1A through 1J.
THIS IS A PURCHASE biONEY biOBTGAGE
a. sec~~rit~• for the payment of the promissory note of which the following is a co~y:' ~+j~
tnstallment Note and Disclosure Statement
z_9360•~ ~ • y~ p~~~ ~ T~ St. Lucie Cowntp , Florida
+•'_cTer,r~r~ S!ampf Dt~ OM lIASS'C 1lITA116101E PER90NAl PR03'ER1Y,
f~a ru~rt ~o auPrE4 n•i~. ,~c~s oF iyn. March 22 _ ,1s~
aa1 ;;-;:;t,~ •RO~fR POlTRJ1S `
For Value Recei~•ed, ~e~~~i~rT'o~' t~s~~r~Tt ~s~' to pay to the order of OUTDOOR RESORTS OF
~~iF:RI('~, INC., P. O. Box 1116, Jensen Beach. Florida, 33457. or any other place as the holder hereof may
~Ic~.i~nate in writing, the sum of Nine thousand three hundred s37Cty ~ 9360.00 ~~l~ars,
chis sum Ueing the Total of Payments referred-~a-in the Disctosure Statement below~ which includes a FINANCE
t'11ARGE on the amount financed. payabte in ~Q equal consecutive monthly installments of
~-~S~•QQ each, and the first installment to become payable on the l~t ~day of_ J~e
,
1~ and one such installment to become due and payabte on the~lst day of each succeeding month
u»til the whole of saicfi indebtedness (Total of Payments) is paid. In the event of prepayment~ in full by cash
E~efore the final installment date, the unearned portion ~of the FII~TANCE CHA~iGE shall be rebated under
the Rule of 78's.
In the event of default in the due and punctual payment of any installment on this Note for a perioci of
thirty (30) days. or if any statement, representation or warranty in any application for the credit evidenced
i,~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT
THE PRIOR WR1TTEh' GONSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBER (EXCEPT
FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
f'L'MBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFEA ANY LIEN TO
EYIST 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
due shall become immediately 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
to exercise 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 thereafter~ the holder may collect, and the undersigned agrees to pay a late charge on such instaltment in
an amount equal to 5~~ of §uch installment or $5, whiche~er is less, and in the event this Note is callected by
law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, !N
includinR 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 severatly t :fer, can~ey and
assi~n to the Holder a sufficient amount of such homestead or exemption as may i,e all~ including Quch ~
homestead or exemption as may be set apart in banicruptcy, to pac~ this note in fu11, a~ith ~ ~sts of cullection, ;
and do hereby direct any trustee in bankruptcy having posse:~ion of such homestead or exen,,,tion to deli~er toC'~'~ ~
the Holder a suflicient amount of property or money set apart as exempt to pa~ the indebteclness evidencedQ ;
~ hereby, or any renewal thereof, and do hereby, jointly and se~•erally, appoint the Holder the attorney in fact for` Y~
oco '
~ each of them, to clsim any and all homestead exemptions allow•ed b~~ lav~, a~ ,
~
; A first mortgage for the secu~~t~~~~ch~~fpresaid indebteclness is retained by OUTDOOR RESORTS OF
~ AbiERICA, INC., on Lot No. 2 ~n a ce in Condominium known aa Oi1TDOOR RESORTS AT NETfLES
ISLAND, and on any improvements, fixtures or after acquired property added thereon~ as shown by plat re- j
c~,rded in the Oflice of the.Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, pa~,~e 1:1A
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