HomeMy WebLinkAbout0826 - - - _ _ . - - - - - - - - - -
' ` 23'7858
~ MORTGAGE
` Fianna Incarporated _ _
.
the mortga~?oi•, in consideration of the princip~il sum specified in the promissory note hereafter described~ re-
~•t~i~•eci from OUTDOOR RESORTS OF A1~IERICA~ INC., a corporation organized and existing under the Laws
~~f the State of Tennessee~ the Mortgagor~ hereby on this 25 -day of I"~y , 19 72 .
mc?rtKa~es to the ~1ort~agee the real propert~• in St. Lucie Count~•. Florida, descrihed as:
. 104/YI '
Lot l~o.-_ __in that certain condominium known as OVfDOOR ~
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 Book 16~ page 1:1A through 1J. ?
- t
THIS IS A PURCHASE DiONEY MORTGAGE ~
cecurit~ for the pay ment of the promissoiy note of which the fo11oH ing is a copy : ?
f
lnstallment Note ond Disclosure Statement ~
~
~
~8189.40 St. Lucie County , Florida ~
lsay 25. 19 ~Z ;
For Value Received, I, ~ve or either of us promise to pay to the order of OUTDOOR RESORTS OF ~
a~1ERICA, INC.. P. O. Box 1116. Jensen Beach, Florida, 33457, or any other place as the holder hereof may ;
de~i~*nate in ~vriting, the sum of Ei~ht thoLisa2ld one_ hundred e~ 8189.40~ Dollars. 3
this sum Ueing the Total of Payments referred to in the Disclosure Stat t o
~~ich includes a FINANCE ~
F
t'HARGE on the amount financed, payable in 60 - equal consecutive monthly installments of ~
' ~
~ ~_~6_•~+~ each, and the first instailment to become payable on thp 1st day of .7h1y , '
~
j 19 72 . and one such instaliment to become ciue and payable on the- 1~ day of each succeeding month ;
f ~~ntil 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 CHARGE shall be rebated under
j the Rule of 78's.
f
( In the event of default in the due and punctual payment of any installment on this Note for a period of
I thi~•~y (30) day~, or if any statement, representation or warranty in any application for the credit evidenced
~ t,~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT =
'I'fiE PRIOR WRITTEN CONSEh'T OF THE HOLDER HEREOF, SHALL SELL. ENCUMBEB (EXCEPT ~
F'OR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
('L'MBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO
E.l'IST Oh' THE REAL PROPERT~' PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
T1~E 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
or 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 an3 inst.allment 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 is 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. -
~ The undersi ed and all endorsers or other `
~ gn parties to this note jointly and severally transfer, convey and ?
~ assign to the Holder a suflicient amount of such homestead or exemption as may be allowed, including such `
& homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection,
~ and do hereby direct any trustee in bankruptcy having po>ses~ion of such homestead or exemption .to deliver to
~ the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced
" hereby. or any renewal thereof, and do hereby, jointly and se~~erally, appoint the Holder the attorney in fact for
~ each of them, to claim any and all homestead exemption~ allo~ti~ed by la~.
A first mortgage for the secu~ of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF
AMERICA, jNC., on Lot No. 104 ~n ~at certain Condominium known sa OUTDOOR RESORTS AT NETrLES
ISI,AND, 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 ('ount3•, F'lorida, in Plat Book 16~ page 1:1A
through 1J. $ORK~VV PACf ~25
'~~a~~_.~ - - - - ~