HomeMy WebLinkAbout0653 ~ • . M O R T G A G E 235443 ~ ° t
~ IIa~cid~l.--&~lane-P.~--Hume-2(1fl-1~1i11iam-Drive_-N~nnal~,.I11in is 61161____
thr mcn•tg.ikor, in consideration of the principal sum specitieci in the promicsor~~ note herca?fter de~ci•i!,eci, re-
rc~i~•eci from OLTDOOR RF.SORTS OF AMERICA. I\C., a cor~N?ration orgauized aud c~istin~,• under the I.aHs
~~f the State of Tenne,see. the Mortgagor, hereb~• on thi~_ fith d~?~• nf__ _~1111~_ . 1~]~-.
m~~i•t~,?~ige. to the 31oi•tgxgee the real property in St. Lucie Count~•, I~loi•ida, describeci T ~
r~ -
Lot ~~0.124$-II that certxin condominium kno~+n as OUTUOOK y ~
RESORTS OF AliER1CA AT :\ETTI.ES ISLAi~'D. ~~s sho«•n 1»~ pla! °
recorded in the Oflice of the Circuit ('~?u~•t in and for St. Lucie Count~•,
F'lorida, in Plat Book 16. page 1:1A thruugh 1J. o
L C N
~ T
THIS IS A PURCH~SE ~10~ET 110RTGAGE
"~d
~ecurit~• for the pa~•ment of the promissoiy note of ~?•hich the folla~~ ing is a co~3' : ~ ~ ;
N $
Installment Note and Disclosure Statement
g~,~,~.~s St. Lucie Countv Florida `
~
~n. z
t~~~`"~no~,s,~~~ ~:a __June 6, - ---19~_
~
s~ ~x,~r;~~~
F~?r ~'alue Recei~•ed,.I, ~+•e or either of us promise to pay to the order of OUTDOt~R RESORTS OF
a~1ER1('A, ING, P. O. Box 1116, Jensen Beach, Flor idx, 33457~ or any other place as the holder hereof may
~ic~~i~nate in ~+•riting, the sum ot~di ne Thousand _IhrQQ_Hundre~ftv Ni ne & 40~100(~.40_-_) Dollars.
this sum Lein~,• the Total of Payments referred to in the Disclosure Statement below, which includes a FII~ANCE
I ~'~IARGE on the amount financed, payable in-_____~Q__ ----.-equal consecuti~e monthly installments of
~ ~ 155.99_____each, and the first installment to become paS~aUle on the-1.Oth-day of-.JJi7T •
' l~1 72 and one such installment to become due and payabie o~i the__~(ltk~_day of each succeeding month
~ t,ntil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
ht~fore the hna} installment date, the wiearned portion of the FINANCE CHARGE shall be rebated under
t h e Rule of 78's.
In the e~•ent of default in the due and punctual payment of any installment on this Note for a period of
±}~ii•t~ (30) days, or if any statement, representation or ~•arranty in any application for the credit e~~idenced
t»~ this :V'ote is found to be untrue in any material respect, ar in the event THE UNDERSIGNED, WITHOiJT
THE PRIOR RITTEI~' CONSENT OF THE HOLDER HEREOF, SHALL SELL, EtiCUD1BER (EXCEPT
FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS ;~TOTE) OR OTHERWISE DISPOSE OF OR EN-
('L'MBER OR CODSMIT Ahl' RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO
~:.1'IST ON THE REAL PROPERTl' PURCHASED BY THE U\'DERSIGNED AND FINANCED THROUGH ~
THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (hovvsoever
~ eridenced) or Uankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then :
ciiie 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.
s~
i
~ Time is of the essence of this 1~'ote. In the e~•ent an~• in~tallment i~ not paid when due or within ten
ciays thereafter, the holder may collec~, and the undersi~,?ned akree~ to pay a late charge on such installment in
~ an arr?ount equal to 5~~ of such installment or $5, whiche~•er i~ le~s, and in the event this Note is collected by
law oc throu h an attorne at law or under advice thereof, the undersi ned a rees to a all costs of collection,
~ g y K S P Y
~ includinK reasonable attorney's fees and court costs to the extent permitted by Fiorida la~r. _
~ ~
~ The undersigned and all endorsers or other parties to this note jointls and severally transfer, com-ey and
assign to the H~ider a sufficient amount of such home~tead or exemption as may be allowed, fncludin~ such ~
homestead or eremption as may be set apart in l~ankruptc~•, to pa~ thi~ note in full, ~•ith all costs- of collection. ~
and do hereby direct any trustee in bankruptcy having posse.~~i~~n ~?f such homestead or exemption~to deli~er to ~
the Holder a suflicient amount of property or money set <iE?art as exempt to pay the indebtedness evidenced o~o '
hereby. or any renewal thereof. and do heret~y, jointly and se~-erall~•, appoint the Holder the attorney in fact for om
each of them, to claim any and all homestead exemption~ allv~ced b~• la«•.
A first mortgage for the security of the aforesaid indel,tedness is retained by OUTDOOR RESORTS GF
~ ~
A:~tERI('A, INC., on Lot :vo._1~4$_-~~ that certain Condominium known as OUTDOOR RESORTS AT NETTLES
~ ISI.Atin, and on any improvements, fixtures or after acyuired property added thereon, as shown by plat re-
~ c~~rded in the Office of the Circuit Court in and for St. I.ucie ('~~unty. Florida, in Plat B~~~k 16, paKe 1:1A
• ~ . _ - - - - _ . _