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HomeMy WebLinkAbout2439 - - ~ - 6 Prepa~rd'~y: ~ 249492 ~ ~ a ~ Bobo. Tarpley b Kingree M O R~ G A V E :lttorrt=ys at Lsw First National Bank Bldg. ' ~ ~helbyvilte. Ten~esaee 37160 ~ _ ~,P~4'~7~cQ ~ L~mnnl ~ ,o~L n ~L~~o?U the mortgagor. in conaideration oi the principat sum apecifled in the promiasory note hereaiter deacribed. re• cei~•ed from OUTDOOR AESORTS OF AMERICA. INC.. s oorpor~tion ~TQanised and existing under the I.awa of the State of Tennessee. the Mortgagor. herebv on thia~~day ot l~ e e- , 19~_~ mortgagea to the Mortgagee the real property in Polk Countq. Florlda. descrlbed as: I.ot No ~~n that certain condominium known as OUTDOOR RESORTS OF AMEBICA AT ORLANDO. as shown by plat recorded in the Office of the Circuit Court in and for Polk County~ Florida, in Plat Book 51. pages 1 through THIS IS A PUBCHA3E MONEY MORTGAGE As security~for the payment of the prornigsory note oi which the following ia a oopy: instalfinent Note and Disclosure Stotement ~IYFD ~2 7 IN PAYMENT Of TAXES g_ 11~ 933 .76 wE oH qASS iHturcis~E ~4sowu ~n~ St. Lucie County,___ _~orlda PURSl1At(T TO CHAo'F~ 71-134. ACTS OF 1g11 ~ wocE~ Poitw~s ~ ~ I ~ 19Z~ CLfNI( CtRC111T OOURi. Si. lUC1E 00~ FUl For Value Received, I, we or either of us promise to pay to the order of OUTDOOR RF.SORTS OF a1tERICA, INC.. P. O. Box 580, Orlando, Florida, 32802, or any other place as the }u9~d~~reof may desigaate writing. the sum ofEleven thousand, nine hundred, thirty-three & rg~~ _7K~uars, this sum being the Total of Payments referred to in the Disclosure Statement below. which includea a FINANCE CHARGE on the amount financed, payable in 96 equal consecuti~monthly installments of g 124.31 pach. and the first installment to become payable on the~-day of ti 'i 19~. and one such installment to become due snd payable on the dsy of each succeeding month untit the whole of s.^..€~ indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash before the final insta~~ment date. the unearned portion of the FINANCE CHAAGE shall be re~ated under the Bule of 78's. In the event of default in the due and punctual payment of any installment on this Note for a period of thirty (30) days, or if any statement. representation or warranty in any application for the credit evidenced by this Note ia found to be untrue in any material respeck or in the event THE LTNDERSIGNED, WITHOUT THE PRIOR W~tITTEN CONSENT OF THE HOLDER HEBEOF. SHALL SELL, ENCUMBEA (EXCEPT ~ FOR ANY MOBTG~i~E WHICH 13 SECURITY FOR THIS NOTE) OR OTHEBWISE DISPOSE OF OB EN- ~ CUMBER OB COMMIT ANY BREACH OF THE MOBTGAGE OR PEBMIT 08 SUFFEft ANY LIEN TO EXIST ON THE FEAL PROPERTY PURCHASED BY THE UNDEASIGNED AND FINANCED THROUGH THE CREDIT E~ IDENCED BY THIS NOTE or in the event of the incompetency. insolvency (howsoever evidenced) or bankruptcy of anyone or more of the undersigned~ then the entire remaining indebtedn~s then due shall become immediately due and payable at the option of the holder hereof without demand, presentment or notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right to exerciee the same at any other time. ~ 1~me is of the essence~of this Note. In the even: any installment is not paid when due or within ten days thereafter. the holder may collect, and the undersigned agrees to pay a late charge on such installment in ~ an amount equal tn 5`~ of such installment or a5, whichever is less. and in the event this Note is collected by ~ law or through an attorney at law or under advice thereof. the undersigned agrees to pay all costs of coilection. - including reasonable attorney's fees and court costs to the extent permitted by Florida law. ' The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and ~ sssign to the Holder a sufficient amoun# of such homestead or exemption as may be allo.wed, including such ~ homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection. 3nd do hereby direct any trustee in bankruptcy having posse.ssion of such homestead or exemption to deliver to the Holder a suf~'icient amount of property or money set apart a,4 exempt to pay the indebtedness evidenced hereby~ or any renewal thereof, and do hereby. j~intly and severally. appoint the Holder the attorney in fact for each of them, to claim any and all homestead exemptions allowed by law. A first mortgage for the ~rity of the aforesaid indebtedness is retained by 4UTDOOK ftESORTS OF AMEftICA, INC.. on Lot Nq~;~~n that certain Condominium known as OUTDOOB RE.SOftTS AT ORLANDO, and on any improvements, fixturP.s or after acquired property added thereon~ as shown by plat recorded in the Office of the Circuit Court in and for Polk County, Fforida, in Plat Book 51. paaesl Yhrnnah 7. aooK211 ~ ;~:24~? - _ l , .a ~ ...4.~.~.~.~_'~`` ' ~ . r~''s"'