HomeMy WebLinkAbout2719 - _ . ~ ...-...a_.' ' ~ _ ~ ~ _ . _ . ' . . _ ' . _ ~
. ~~`,S ~C ~ M O R T G A G E 23~138
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rhr~ 111/~1't},rill,,~t)1•, in ron,ideration af the pri~icipal ~um s~~ecitied i~i the pron~issor~• nute hei•e:~fter descrihc~ci~ re-
~~~•i~~c~d from OL'TI)nOh RI~:~nRTS OF aAtERI('A, I\C'., u r~u•por~ition organized anci exist,in~; ander the LaHs
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~~i the State uf Tennes.ee, the ;~lort~;agor, hereb~• un thi~. ___d~~- of_ ~1,~$ F___.__ 191~
n~~~?•t~,<<ige~ to the ~Iortgagee the rE~tl prapert)~ i~i St. Lucie ('~~~uit~~, F'loridx, clesc~t},ed ~is:
J I.ot ~'o. _ 5.,~ ii~ that r+~rtain con~lominium kno~~•n as OL1TI)OOR
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RESORTS O A~iEttlt'A t1T ~F.1"TI.ES 1S1.~\I), sho~~~ii by plat
recordecl in the Otlice of the Circuit l'oiu•t i~i ~ind fur St. l.iicie County,
Fk?rida, in Ylat R~x?k 16, page 1:1A throuk•h 1J.
THIS IS A PI?Rl'H~1SI~: ~l0\El' ~10RTG:1G~
:1~ ~ecurit~• for the pa~•ment of the pi-omi.s~~i•~• note of ~~•hich the fullo~cin~,• i, a cop~•:
Installment Note and Disclosure Stetement
7019~40____ ~°~0 ~y ~K ~ T~ St. Iueie Co~ul1~ , Ftorida
; ouE on awss ~c ~~~ciei.E ~esaru~ v+~mn.
PURSIIAqT i0 CWIP~71-1~~ S OF lf)1.~~ % ~S~ 19?~
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C~EAI WRiCUlT OOtIRT, ST. !uClE (~Q. ~
For ~'alue Recei~•ed, I, ~.~e or either of us prum ~~e to pay to the order of OUTUOOR RESORTS OF
:1~iN:IiI('~. 1?~('., P. O. Bo~ 1116, Jensen Beach, Flor ida, 33457, or any other place as the holder hereof may
~l,~;i~,rnate in t~•riti~t~,~, the se~m of Seven_ Thonsand_ Nineteen and 40/100" ~ 7019.40_~ Dollars,
±hi~ sum beii~~,• the Total of Pa3•ments referred to in the 1)i,clr,sure Statement below, which includes a FINANCE
~'Ei aKGE on the amount financed, payable in__ __5Q _ __equal consecuti~~e monthly installments of
116.99 _:Qach, and the first installment to become pa~~al,le on the_ lst _day of OCtobeY' ~
1~? Z~ , and one •~~ch installment to become due and payable on the__ _ls~-day of each succeeding month
~~ntil the w•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
'~t~f„re the hnal installment date, the wiearned portion of the I~I\ANCE CHARGE shall Ue rebated under
thE~ Rule of 78's.
In the e~~ent of default in thp due and punctual payment of any installment on this Note for a period of
t}~irt~ (30) days, or if any statement, representation or w~arrant~• in ans~ application for the credit evidenced
this Note is found to be untrue in an~~ material respect, or in the e~~ent THE UNDERSIGNED, WITHOUT
:'tiE PRIOR ~VRITTEti' CO?~'SE\~T OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT
~-nR ANY MORTGAGE '4VNI(`H 1S SF.CURITY FOR THIS \OTE) OR OTHER«'ISE DISPOSE OF OR EN-
~'L'1iBER OR COMMIT ANY RREACH OF THE biORTGAGi~.' OR PERbi[T OR SUFFER ANY LIEN TO
~;.1'IST ON THE REAL PROYERT~' PL'RCHASED BY THE U\DERSIGNED AND FINANCED THROUGH
TiiE CREDIT E~'I[)E1~'CF.I) Bl' T1~IS \'OTE or in the e~•ent of the incompetency, insolvency (howsoever
' e~~idenced) or bankruptcy of an~•one ~~r more of the unde?-~i;.,=l~ed, then the entire remaining indebtedness then
clue shall become immediatel~• due arid pa~•abl~ at the option ~~f the holder hereof ~~~ithout demand, presentment
~~r notice of an~ kind. Any failure of h~~lder to eKercise ~aid option shall not constitute a waiver of the right
to exercise the same at any other timt.
Time is of the essenre af this 1ote. In the e~~er~t an~• in~tallment is not paid ~chen due or within ten
~~a}•s thereafter, the holder may coltect, and the ~nders:~,•ned ak?rees to pay a late char~,?e on such ~instaliment in
;~?1 amount eqGa: to 5': of .uch installment or ~5. K•hiche~-e?• is le~~, and in the e~•ent this Note ia collected by
i<~~.• or through an attorney at laH• or under advice there~~f, the ~inder~igned aRrees to pas• all costs of collection,
includinK reasonable attorney's fees and cuurt costs to the extent permitted b~~ Florida laH•.
The undersignecl and all endorser~ or other partie. tf, this notc jointl~~ and ce~~erall~~ transfer, convey and
a~si~.*n to the Holder a siiflScient amount of ~t~ch homestead or exemption as may be allowed~ including such
hcrmestead or exemption as may be set apart in hankruptc~•, to p~i~• thi~ note in full, with all costs of collection~
and do hereby direct any trustee in bankruptcy having po.se~.i~?n ~rf such homestead or exemptiori to deliver to
the Holder a sufficient amount of property or money ,et apart a~ exempt to pay the indebtedness evidenced
hereb~•, or anS~ reneHal thereof, and do hereb~•, jointly ancl se~-erall}•, ap~int the Holder the attorney in fact for
each of them, to claim any and ail home,tead esemptioiis all„~~~ed t?~• IaH~.
A first mort~,*age fur the security of the aforesaid in~lel~tedness is retained by OUTDOOR RESORTS OF
~l1ERICA, INC., on I,ot tio:~s~in that certain Cc~ndominium known ss OUTDOOR RESORTS AT NETTLES
1~I,AND, and on any improvements, fixtures or after acquirecl pr<~perty added thereon, as shown by plat re-
c•~~rded in the OfTice of the Circuit ('uurt in and for St. Lucie ('ounty, Fiorida. in Plat Book 16, page 1:1A ~
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