HomeMy WebLinkAbout0114 .~h;$ ~~.~:,~r.;ent Nrep3ied ~ M O R T G A G E ~ , t
1 ~•n'~ h~L`~ie~ 23~8~9 ~~'-1_- :i.
' ~ m ~c~. InZ. .~.a
outdoor R~=~,~~ & SUSAN A. NYE, his ~rifei__
the mort~;agor. in consideration of the principal sum specified in tha promis.gory note hereafter described, rc-
~•E>i~•ed fmm OUTDOOR RESORTS OF AMERICA, INC., a corporation organized and existing under the Laws
~~f the State of Tennessee~ the Mortgagor. hereby on thi~~day of A~r_il , 19~2.
mue•tgx~e, to the Mortgagee the real property in St. Lucie Co~intv,-~lorida. described as:
Lot I~'o._ 128~+111 in that certain condominium known as OUTDOOR
RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat
recorded in the Office of the Circuit Court in and for St. Lucie County,
Florida. in Plat Aook 16. page 1:1A through 1J.
,
THIS IS A PUKCHASE 11iONEY biORTGAGE
security for the pa3 ment of the promi~sory note of which the follo~ving is a copy:
Installment Note ond Disclosure Statement
g 6~ 240.00 ~~.l~-Z- ~N ?Aw~i oF t~u~s St . Lucie CotLntv Florida
~ ON ~t~SS 'C INTAN6181E PE4~O~lAI MIO?ER1Y. '
~fIR~MNT TO CIIAPi~ 71•13{. ACiS Qf 29/I. Apr11 20. ' 19~?
~ R06fR POITRAS - ~yjt
CIQK CItC~~ COIiRT Si. LuC~E O0„ ~
For Value Received. I, we or either of us prom ise io pay to the order of OUTDOOR RESORTS OF
~~IERICA, INC.. P. O. Box 1116. Jensen Beach, Florida. 33457, or any other place as the holder hereof may
de.ignate in writing, the sum ofsix Thousand ~ro _Hundred FortX &~Qf100( Dollars,
this sum being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE
('HARGE on the amount financed. payable in___.___~___ equal consecutive_monthly installments of
~ 10~t. 00 ~ach, and the first installment to become payable on thp ls t day of- June ,
1~? , and one such installment to become due and payable on the ls t day of each succeeding month
E~ntil the whole of said indebtedness (Totai of Payments) is paid. In the -event of prepayment in full by cash
heLore the final instaliment date. the unearned portion of the FINANCE CHEIRGE shall be rebated under
the Rule of 7$'s.
In the e~ent of default in the due and punctual payment of any instaliment on this Note for a period of
thirty (30) days. or if any statement, representation or warranty in any application for the credit evidenced
E?~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITIi0I11'
THE PRIOR WRITTEN CONSENT OF THE HOLDEft HEREOF, SHALL SELL, ENCUMBER (EXCEPT
FOR ANY MORTGAGE WHICH 1S SECURITY FOK THIS NOTE) OR OTHERWISE DISPOSE OF Oft EN-
CUMBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT 08 SUFFEB ANY LIEN TO
EYIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
THE CREDIT EVIDENCED BY TNIS NOTE or in the event of the incompetency, insolveney (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 exereise said optiott 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 instaliment in
an amount equal to 5~~ of such installment or $5, whiche~er 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~
inrluding reasonable attorney's fees and court costs to the extent permitted by F7orida law.
The undersigned and all endorsers or other parties to this note jointly and severally transfer~ convey and
a.~sign to the Holder a sufi'icient amount of such homestead or exemption as may be allowed~ inctuding such
homestead or exemption as may be set apart in i~ankruptcy. to pay this note in full, with al! costs of collection,
and do hereUy direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to
the Holder a sufl5cient amount of property or money set apart as exempt to pay the indebtednesa evidenced
hereby. or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the attorney in fact for
each of them, to claim any and all homestead exemptions alloH~ed Uy law.
A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOB BESORTS OF
AMERIGA, INC., on Lot Nd~i~i that certain Condominium known as,OUTDOOR RESOATS AT NE'ITLES
ISLAND, and on any improvements, fixtures or after acquired property added thereon, ss shown by plat re-
corded in the Oftice of the Circuit Court in and for St. Lucig R o nty Florida, in Plst Book 16, page 1:1A
through 1J. QOOK~~ ~llGf ~,3,~
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