HomeMy WebLinkAbout2914 ' MORTGAGE 241431 ~ .
~ ~~c~ w~~y sx..
~.,s
Q~jj'~~~c _C±2r4wJ.~~_~~utF__<= , c~1.~ ~Q ~ %~l~ji9/v_1.9.~19~
the mort~,?agor, in consideration of the p,t,incip.~l sum specified in the prom»sor~~ note hereafter described. r~
~•t~i~•ed from OLTTDOOR RF.SORTS OF ?C`~iERICA. I\'C., a corporation organized ~nd e~ting under the Laws
~~f the State of Tennessee, the :~iortgagor, hereb~• on this-~ !___da~ of~~~S 19_1~.
m~n•tga~,*es to the ltortgagee the real prupert~~ in St. I.ucie County, Florida, described as:
Lot No.___~_~_'J-_in that certain condominium kno~~n as OUTDOOR
RESORTS OF AAiERI('A AT NETTLES 1SLA~TD, as shown U~~ plat
recorded in the Oftice of the Circuit Court in and for St. Lucie Count~ ,
Florida, i~i Plat Book l6. pnge 1:1A through 1J.
THIS IS a E'L;RC'HASE 110NE1' ~iOKTGAGE
:1~ serurit~~ for the payment of the piromissor~ note of ~~hich the folto~~•in~ is a cop~~:
Instollment Note and Disclosure Statement
7~ g~ . / ~ ~ . - _~o . Florida
4 - -
pocumentarY Sta,n~~ 19~
~ftiYed ori~iaa~ r.nte ~
~nd crr,ceiled
Foi• Value Recei~•ed, I, ~ce or either of u~ prum i.e t~~ pay to the order of OUTDOOR RESORTS OF
:~~IERI('~. INC.. P. O. Box 1116, Jensen Beach, Flar ida, 33457, or any other place as the~hol~e hereof may
~ ! ~/D~O
~lc~~i~;nate in ~~•riting, the sum o ~l~s1a~~~~+' t~~ ~~~~~i~~~~) Dollars.
thi. sum Uein~ the Total of Pa~~ments referred to in the Disclosure Statement below, which ~ncludes a FINANCE
l'i~ARGE on the amount financed, payable in-_._~~~_. _--_-equal consecutive monthly installments of
~ ~ ~~~-each, and the first installment to become paya~le on the~_~ day of C.;L~ ,
~ ~
~ 1~ and one such installment to become due and pa3•aUle ou the~ S~ day of each succ~eding month
; until the Hhole of said indebtedness (Total of Payments) is paid. In the e~~ent of prepayment in full by cash
~ I~f~fore the final installment date, the uneacned portion of the FI\ANCE GHARGE shalt be rebated under
the Rule of 78's.
In the e~•ent of default in the ciue and punctual pa~~ment of any installment on this Note for a period of
tl~ii•ty (30) days, or if any statement, representation or w•arranty in any application for the credit evidenced
~ h~• this Note is found to i~e untrue in anp material respect, or in the event THE UNDERSIGNED, WITHOi1T
~ TtIE PRIOR ~~'RITTEN COI~'SENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBEA (EXCEPT
FOR ANY MORTGAGE ~VHICH 13 SECURITY FOR THIS NOTE) OR OTHERV4'ISE DISPOSE OF OR EN-
('U1~iBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERbiIT Oft SUFFEK ANY LIEN TO
F;.l'IST ON THE REAL PROPERT~' PURCHASED BY THE UNDERSIGNED AhD FINANCED THROUGH
THE CREDIT EVIDEl~'CED BY THIS \TOTE or in the e~~ent of the incompetency, insolvency (howsoever
e~~idenced) or Uankruptcy of anyone or more of the under~igned, then the entire remaining indebtedness then
due shall become immediatel~~ due xnd pa~•able at the optiun of the holder hereof w•ithout demand, presentment
~~r notice of any kind. Any failure of holder to esercise said uption shall not constitute a waiver of the right
tu exercise the same at an~• other time.
Time is of the essence of this l~ote. ln the e~~ent an~• installment is not paid when due or within ten
days thereafter, the holder may collect, and the undersiKned agrees to pay a late charge on such installment in
~ an amount equal to 5`~ of such installment or $5, ~•heche~•er is less, and in the e~ent this Note ie collected by
~ law or through an attorney at law or under advice thereof, the undersi~ned agrees to pay all cosL~-of collection,
~ indudinK reasonable attorney's fees and court costs to the extent permitted by Florida law.
The undersigned and all endorsers or other partie~ to this note jointly and severally transfer, convey and
assign to the Holder a sufticient amount of such homestead or exemption as may i,e allowed, including such
homestead or e~emption as may be set apart in I~ankruptc~~, to pa~ this note in full, with all costs of collection,
~ and do hereby direct any trustee in bankruptcy having posse~•ion c~f such homestead or exemption to deliver to
the Holder a sufficient amount of property or mone~ set apart a. e~empt to pay the indebtedriess evidenced
hereby, or any renewal thereof, and do hereby, jointly and se~-erall}•, appoint the Holder the attorney in fact for
each of them, to claim any and all homestead exemptions allmced b}• law•.
A first mortgage for the security of the aforesaid indebteclness is retained by OUTT)OOR RESORTS OF
~MERICA, INC., on Lot No.~in that certain Condominitim known aa OUTDOOR RESORTS AT NF.TTLES =
ISI.ANn. and on any improven~ents, fixtures or after acquired property added thereon, as shown by plat re- ~
corded in the Ofi'ice of the Circuit ('ourt in and for St. Lucie ('ounty. Florida, in Plat Book 16, page 1:1A :
;
ihrouRh 1J. r` ~ ~ ~ ~
: ~O~ P~l.: r,,,~
~ ~ i{.: ~ 4 ~ ~ v .
: . . . ^'`rh~~ •
~ a~su~4°"~.'P~~~J~,ua~__ . ~v' ~ .