HomeMy WebLinkAbout5465 245300 M O~ T G A G E
Sidn~ & Sarah _V._ Borsk~Husband Wif~~_~~,jQin~~enants _ .
the mort~,?~~~or, in consideration of the princip~tl sum ~pecified in the promis,~n•~• note hereaftt~r ~Ic~~~• •~~:ed, re-
~~~~~.•~~1 frnm (1i'Tl~nnR RF.SORTS OF Ab1ERICA, ItiC., a cui•puratio~i organized and e~i~tiu~; uncl~ :h~~ t.a~ss
~~f the State of Tenne:see, the Mortgagor, hereb~~ on this__ ?5th __t~~~• October ~t~ 72__~ ;
nun•t~,~a~,?e. tu the `Iortgagee the rea~~~On~~~i}~ St. Lurie Coimh~, Florida, de~cribeci a~:
I.ot No. 1103_ ___in that certain condominiun~ knoH•n as OUT1)OOR ~
RESORTS OF A~1ERICA AT \F.TTLF.S ISI.A\D, <<~ sho~rn bt plat
recurcleci in the OHice of the Ciiruit ('otu•t i~i and for St. Lucie Cuunt~•.
Florida, in Plat ~3a?k 1G, p~i~e I:lA throu~,•h 1.).
THIS IS A PURt:HASE ~lU\ET ~IORTGA(:E
:1~ ~ee~u•it~- for the p~i~•n~ent of the promi..oi;v note of ~~•hich the f~llo~~•ing is a co~y: S
Installment Note and Disclosure Statement
RfCEIYED S~l'~=- ~N PAYMENT OF TAXES St. Lucie ~
~ 10608.00 , Florida ~ '
- DUE ON CL'1SS 'C' ~ti?A`dCIBLE PE:c~::i~l P~0'ERIY, - _ -
Docu~-~e^','? p~~T TO CFL1P"'~ 71-134. ACTS OF 18/1~~
att~xed c~~~.u~~~~ n~ce ROGER POITRAS _ _OCLOb@1" 25 19~2 _
and Can,:ctled CLERK CIRCUIT COURT, ST. U1CIE 00., FUl
F~n• Value Recei~•ed, I, ~~•e or either of us prumi~e to pay to the order of OUTDOOR RESORTS OF
:~~iF:RI('A. I:~C., P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place a. the holder hereof may
,lt~<i~nate in «•riting, the ~um of Ten Thousand_Six Hundred Eight d11d 00/100 ~ 10608.00 ~ Dollars,
t},i: sum bein~? the Total of Payments referred to in the Disclosure Statement below, which includes a FINAIv'CE ~
$
~_~fiARGE on the amount financed, payable irL- 96 _______-equal consecutive monthly _installments of
110. 50 __Qach, and the first installment to become payai~le on the lOth _day of Decerr~er
` - '
l~ and one ~uch installment to berome due and payable on the___ lOth day of each succeeding month
i ~;ntil the ~r•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
! ~~~•f~~re the fina! installment date, the unearned portion of the FI:~~NCE CHARGE shall Ue rebated under
~ t h~ Rule of 78'c.
~ In the e~•ent of default in the due and punctual pa~•ment of any installment on this I~'ote for a period of
~ thirt~• (3U) da~•s, or if any statement, representation or warranty in any application for the credit evidencecl
~ _ t,~- this tiote is found to be untrue in an~~ matei•ial respect, or in the e~~ent THE UNDERSIC~`ED, `t'ITHOIJT
fi THE PRIOR ~`'RITTEI` C01'SE~T OF THE HOLDER HEREOF, SHALL SELL. ENCL'~1BF:R (EYCEPT
FOR A:~l' MORTGAGE «'HICH 1S SECURITY FOR THIS \'OTF.) OR OTHER~VISE DISPOS~: OF OR EN-
('L'D1BER OR COMII~IT ANY RREACH OF THE 1~iORTGAGE OK PERDi1T OR SL'FFF.R ANY LIE?~~ TO
F.1IST ON THE REAL PROPERTl' PURCHASED BY THE U;~'DERSIGNED ANU FINANCED THROUGH
TtIE CREDIT EVIDENCEU BY THIS ?~'OTE or in the e~•ent of the incompetency, insol~ency (howsoever
e~•idenced) or bankruptcy of anyone or more of the unde?•~ikned, then the entire remaining indebtedness then
~ ciue shall become immedixtely due and pa~•able at the option of the holder hereof ~rithout demand, presentment
~ ,~~r notice of any kind. Any failure of hotder to esercise said option shall not constitute a. ~vai~~er of the right
~ ~t~~ exercise the same at any other time.
~ Time is of the essence c~f this \'ote. In the e~•ent an~• in~tallment is not paid ~ehen due or within ten
~ ~la}-s thereafter, the holder may collect, and the undersi~,~ned a~,~ree. t~? px~• a late char~e on such, in~tallment in
- an amount equal to 5`,~~ of such in~tallment or ~5. ~~•hiche~-er i. le~., xnd in the event this Note ~is collected bS~
b_~ la~s or through an attorney at laK• or under advice thereof, the under.i~:ned agrees t~ pay all costs of collecti~n,
;1i i:°` llll'~U(~111~,~ reasonable attorney's fees and court costs to the estent ~~ermitted b~• Florida law.
The undersigned and all endorsers or other parties to this note jointl~• and se~~erally transfer, convey ar.d
' a,sign to the Holder a suflicient amount of ~ueh h~~me:tea~i or e~em{~tivn as m.ty be allowed, inciudin~; ~~.~ch
h~~mestead or e~emption as may be set apart in hankruptc~•, to pa~• thi, m?te in full. ~~•ith all cost~ of coliecii~7.:,
and do hereby direct any trustee in bankruptcy having pc~s~e.~~i~~n of ~uch h~~me~tead or exemption t~~ deli~ei•
~
£K the Holder a~ufficient amount of property ~~r money set aF?art a~ e~empt to pay the inciet,tednes~ eyidenced
herebt•, or an~• rene~cal thereof, and do hereh~~, jointly and ~E~~-erall~•, a{~{roint the Nolder the attorney in fa~~t ~or
~ each of them, to claim any and all homestead exemption~ all~~«~ed 1?~• la~ti-.
•
~Y A first mortgage for the ~ rit~•, of aforesaid indet?tedne~s i~ retained hy OUTI~OR RESORTS OF
~S'ecth on
~~iER(CA, INC., on Lot \'0._1103 __~n t at certain Condominium kn~wn aa Oi,'TUOOR RF.SORTS AT NETTLES
.V'
~ ISI.Ati I), and on any improvements, fixtures or after acquired pr~~pertS added thereon, as shown by plat re-
; r~~rcied in the nffice of the Gircuit ('ourt in and for St. I.ucie 1'~~~uit~•, ~ I~~rida, in Plat R~~~k 16. ~ake 1:1 A
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