HomeMy WebLinkAbout5452 '~`~~28~ MO RTGAG E , . . .
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the mort~a~;or, in consi e?•ation of the princip~il sum specified zn the promi:;sor~ note hereafter descri1~ed. rc~~
~•~~i~~ed from OL'•TnOOR RF.SORTS OF A~iF.RI(`A. INC., a co tion urgflnized and existing under the Laws •
~~t the State of Tennessee. the 1liortgagor, hereby on tri~.__ day of---~~ 19~.
m~u•igages to the i~tortga~;ee the real property in St. Lucie Count~, Florida, descriUed as:
Lot I~o._ "'"~I __in that certain condominium kr.oHn as OUTDOOR
RES~RTS OF A~iEHI(;A AT NE1~'LES ISI.A`D, as sno«n Ly pixc
record~d in the Office of the Circuit Coui•t in and for St. Lucie Count~•,
:-y Florida, in Plat Rook 16, page 1:1A throu~h 1J.
_ THIS IS a PURCHASE 110NEY 110RTGA(:E
- -:-~~~``securit~~ for,the payment of the pi-omissoi~ note of ~ti•hich the follo~~•in~,? ls ~l COpy:
Installment Note and Disclosure Statement
RECEIVE~ _ _.Z~ • ~ ~ _ ~p p~~••rr~T ~F TRXES L:: = - ~ • • Florida
_ t ' ~ ~ :c 'r' A " i~~~ F ~ ~
DUE ON G_ t•e ?r J••ER~1, t~,~
PURSW1Ni TO C::A' 71•I34. AGTS QF ly/~. ~ _~~~L ^~~sv~/_~ 19~
• ROGER POITRAS -
G.ERK CIRCUIT COURT, St. lUC1E 00,. Flll
For ~'alue Recei~•ed, I, w•e or either of us prom ~se to pay to the order of OUTDOOR RESORTS OF
~r~ni/~ ~ i\T/` D D...- 71 c i TJ l. T•1 '.7 40ACr~ 1 ?1.n 1.~.1.~~... 1.nrr.n~
:t.~llil?ll A. l~~l..~ 1. V. i~vA ?l~V~ tii.iw~r L~u~.t~~ • avi iuu~ Vu7aJi~ vi asi~~ ~~ui.i N~ua.a. 4J ~ua, aa~aua.• ua.aa.~? ~i~u!
. . 1 \ 1 Z. -l Y ` ( : , ~ ~ ~ i_ 1 l • ~
, ~ . . ~
~ie•i~;nate in ~~riting, the sum of - _ n t_.o,~ _ _ - • ( - ~ Dc~llars,
this siim beinb the Total of Payments referred to in the Disclosure Statement below. w}~ich includes a FINANCE
('HARGE or. the amount financed, payabie in-__ equal consecuti~e monthly installments of
each, and the first installment to become payable on the -day of_'Y`~n"` i=•
.
1~1 and one such installment to become due and payaUle on the__'- ~ day of each succeeding month
~ until the ~tihole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
~ ~~efore the final installment date, the unearned portion of the FI:\AIv'CE CHARGE shall be rebated under
; the Rule of 78'..
~
~ In the e~ent of default in the due and punctaal pa~•ment of any installment on this Note for a period of
~ thirty (30) days, or if any statement, representation or «•arrant~- in an3• application for the credit evidenced
3 this \'ote is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOLJ'f
~ THE PRIOR ~VRITTE~' GO\'SENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT
~ I~'nR ANY MORTGAGE ~VHICH 1S SECURITY FOR THIS NOTE) OR OTHER~'4ISE DISPOSE OF OR EN-
g ('L'MBER OR COMMIT ANl' RREACH OF THE MORTGAGE OR PERl~i[T OA SUFFER ANY LIEN TO
~ EXIST ON THE REAL PROPERT~' PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
~ TI~E CREDIT EVIDENCED BY THIS NOTE or in the e~~ent of the incompetency, insolvency (howsoever
e~•idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then .
due shall t,ecome immediately due and payable at the option of the holder hereof K•ithout demand, presentment
~ ~r notice of any kind. Any failure of holder to esercese said option shall not constitute a waiver of the right
" to exercise the same at any other time.
,k
~
~ . Time is of the essence of this ;~'ote. In the e~•ent an~• installment is not paid when due or within ten
~ ~jays thereafter, the holder may collect, and the undersi~?ned agrees to pa~~ a late charge on ~uch iltstallment in
an amount equal to 5`,~ of such instaliment 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 under~igned agrees to pay all costs=of collection~
including reasonable attorney's fees and court costs to the extent permitted by Florida la~•.
~
~ The undersigned and all endorsers or other parties to thi. note jointly and severally transfec. convey and
assign to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such
homestead or exemption as may t,e set apart in hankruptcy, to pa~~ this note in full, ~vith all costs~of collection.
and do hereby direct any trustee in bankruptcy having po.se•~i~n of such homestead or exemption to deliver to
the Holder a suflicient amount of propert~ or money set apart as exempt to pa~ the indebtedness evidenced
hereby, or any renewal thereof, and do hereh~•, jointly and se~•erall}•, appc,int the Holder the attorney in fact for
each of them, to claim any and all homestead exemption, allu~~-ed b~• la«.
A first mortga~,?e for the security of the aforesaid indet,tedness is retainecl t,y OUTDOOR RESORTS OF
A:~IERICA, INC., on Lot tio._ in that certain Condominium known sa OUTDOOR RESORTS AT NETTLES
x~ ISLAND, and on any improvements, fixtures or after acquired pmperty added thereon. as shown by plat re-
corded in the Oflice of the Circuit ('ourt in and for St. Lucie ('ount~•, Florida, in Plat Book 16, page 1:1A
- through 1J. 5~~~ ~~Q
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