HomeMy WebLinkAbout5479 ~45311 M 0 RT G AG E
his 2255 N.E. 13bth Terrace
Patrick J. Burke & Vir9inia M. Burke _(wife~_ N. Miami ;~each
_Fla~ 33~61
murt~;aiKu?•, in consideratiai of the principal sum specifieci in the promissor~~ note hereafter descril~ed. re-
~~~•i~•ed fr~?n~ OL'TDOOR RF.SORTS OF ADiERIGA. INC., a corp•~ration organized and existin~• under the Laws
~~f the State of Tenne~see. the D'Iortgagor, hereb~• on thi~??na __ciay of_ SeptembeY' lg_72_~
m~~rt~ages to the 1lortgagee the re31 pmpert~~ in St. I.ucie County, F;orida, descriUeci as:
Lot Na_161-II_ .in that cert~in condominium k~ioH~n as OUTDOOR
RESORTS OF A~iER1CA AT T'ETTLES ISL~\D, as shown Uy plat
recorded in the Office of the Circuit Court in and for St. Lucie CountS~,
Florida, in Plat Book 16, page 1:1A throu~h 1J.
THIS IS A PUItCHASE 1t01EY ~IORT(.A(:E
~ecurit~• for the pa~-me»t of the pi-omissory note of which the follo~sing is a copy:
Installment Note and Disclosure Statement
ItECEIVED:.~.j. IN PAYMEHi OF TA~IQS St. LuCle CO. , Florida
lO~ E~OB.OO p~ pp ~q,~ •C' INTANGIBLE PERSONAL PROPERTY~ -
Cucumeltary S• ` PQASUA('(i TO CH''1PTER 71-134. ACTS OF 1911.
ROGER POITWIS tssmhc~r 22 ~ - 19~_
atti?ed cs ~~~qJ~T COURT, ST. LUCtE CO., FU1,
an~ ca`.~ ~.i
For ~'alue Recei~•ed, 1, ~~•e or either of us prom ise to pay to the order of OUTUOOR RESORTS OF
~1E:RI('A, Iti'C., P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place as the holder hereof may
~i~~~i~nate in ~~riting, the sum of Ten thousand six hundred eiqht 00/100_ ~ 10, 608.O~ODollars,
thi~ sum being the Total of Palments referred to in the Disclosure Statement below. which includes a FINANCE
; ~'Ei ~RGE on the amount financed, payable in-___~__ -_-equal consecuti~~e monthly installments of
E ~ I10,_50 each, and the first installment to become payaLle on the lst_day of~l4veiaber ,
, - _ -
F 1~ 72_, and one such installment- to become cl»e and payal,le on the-lst day of each succeeding month
~ ~.;ntil the ~chole of said indebtedness (Total of Payments) is paid. In the e~ent of prepayment in full by cash
t ~~~~f~~re the tinal in:tallment date, the unearned portion of the Fi1~'Al`'CE CHAFGE shall be rebated under
~ tnr~ Rule of 78's.
~ ]n the e~•ent of defauit in the due and punctual payment of any installment on this Note for a period of
~ ~ t~irt~• (30) days, or if any statement. representxtion or ~•arranty in any application for the credit e~idenced
~ this Note is found to lje untrue in any material respect, or in the e~ent THE UNDERSIGNED. WITHOUT
~ "I'}IE PRIOR ~4'RITTEN COI~'SE:~T OF THE AOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT
~ ~'OR ANY MORTGAGE NHICH 1S SECURITY FOR THIS i~'OTE) OR OTHER~VISE DISPOSE OF OR EN-
~ ('L':~iBER OR COriMIT Al~'Y RREACH OF TNE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO
F:.l"IST ON THE REAL PROPERTI' YURCHASED BY THE L'NDERSIGNED Ah'D FINANCED THROUGH
THE CREDIT EVIDENCED Bl' THIS 1~'OTE or in the e~•ent of the incompetency, insolvency (howsoever
w e~~idenceci) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then
~ ciue shall become immediately due and pa)•able at the option of the holder hereof ~ithout demand, presentment
~ ~~r notice of any kind. Any failure of holder to exercise said option shall not constitute a tiaiver of the right
~ to exercise the same at any other time.
.
~ Time is of the essence of this :\~Ot@. Iil the e~~ent xn~• installment is not paid when due or within ten
~ cl~~y~s thereafter, the holder may collect, and the undersi~,?ned a~ree. to pay a late charge on such installment in
~ an amount equal to 5'~ of such installme*~t or $5, whiche~•er i, les•, and in the event this tiote is collected by
- la«• or throuKh an attorney at law or under advice thereof, the undersiKned a~rees to pa~~ all cost4 of collection,
~~°3 i?icluding reasonable attorney's fees and court costs to the extent permitted h~~ Florida laH.
The undersigned and all endorsers or other partie~ to this note jointl~ and ~e~~erally transfer, convey and
- a;si~.*n to the Holder a sufficient amount of ~uch home,tead or exemption as may be allowed, in~luding such
Y h~mestead or exemption as may be set apart in hankruptry. to pa~• this note in full, with all costs of collection.
and do hereby direct any trustee in hankraptcy ha~•ing po~se~~ion c~f such homestead or exemption to deliver to
the Holder a suflicient amount of property or mone~• .et apart as eaempt to pay the inc~ebteciness evidenced
- hereb~•, or any rene~rai thereof, and do hereh~~, jointly and sc.-erall~•, appoint the Nolder the attorney in fact for
~ach of them, to claim an3• and all homestead exemption. xllu.red h~~ la~•.
;a
~ A first mortga~e for thg~gcurity of the aforesaid indebtecine~s is retained t?~• OUTL)OOR RESORTS OF
~iF;RICA, INC., on Lot ~'o. __~___~n that certain Condominium known aa OUTDOOR RESORTS AT NETTLES
'Y~ I~I.A\n, and on any impro~ements, fi~tures or after acquired pmperty added thereon, as shown by plat re-
r~~rded in the Office of the Circuit (btirt in and for St_ Lucie ('ount~~. Florid n Ba~k 16, page 1:1A
- zhrou~;h 1J. ~?~f : ~q~~
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