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HomeMy WebLinkAbout2459 . r---- - - - - ~ - 6 3 ~ ~ - ~~o~~ ra •~pN~ i M O R T G A G E ~I i. i,~,,:-,,~ s' s-~. Ln~.7r H~ ~ ` = r" j yJ ~A ~ 3,~ f, Elc-H^,~j ~ • ~ 3 ~L r~n, ~!'F-/ S Lv ! ~l ~/tt' t= the mortga~or. in consideration of the principal sum specified in the pt~missory note hereafter described. re- .~c~ired from Oi7TDOOR RESORTS OF A1~IERICA, INC.. H corporation orba ized and existing under the Laws ~~f the State of Tennes.see. the Mortgagor, hereby on this_--~ ~___day of ~J~~~+'~'~G ~ 19~• murtgage. to the 11lortgagee the real property in St. Luc~e Count~. Florida. described as: Lot No.--3kk ~ in that certain condominium kno~~n as OUTDOOR ; RE~ORTS OF AMERICA AT NETTLES ISLAND. as shown by plat recorded in the OflSce of the Circuit Court in and for St. Lucie County. - Florida~ in Plat Book 16. page 1:1A through 1J. 24~Q~ THIS IS A PUBCHASE MONEY MORTGAGE a~ security for the payment of the promissory note of which the following is a copy : • Installment Note and Disciosure Stafiement ' ~ 11, 933 .76 St . Lucie County, ,~'lorida ~ h ~•v~ e' YL 19 7nC ~ For Value Received. I. we or either of us promise to pay to the order of OUTDOOR RESORTS OF :~`IFRICA, INC.. P. O. Box 1116. Jensen Beach, Fl&r ~3~~7. or any other place as the holder hereof may ; / 1 ; c?e:ifinate in «ritinb. the sum ofFl Pven thousand, nin~hundred~thirty-thr~e 11, 933)'7~~~ars. ~ this sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE CHARGE on the amount financed. payable in 96 equal consecutive monthly installments of • i 124 .31 each, and the first instaliment to become payable on the day of ~Q , ~ l 9_ ~C. and one such installment to become due and payable on the T- day of each succeeding month ! ~ ~~i~til the whole of said indebtedness (Totai of Payments) is paid. In the event of prepayment in full by cash ~ i~efare the final installment date. the unearned portion of the FINANCE CHAFGE shall be rebated under the Rule of ?8's. In the event of defauit 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 w:arranty in any application for the credit evidenced 1~~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT THE PRIOR WRITTEN CONSENT OF THE 1~OLDER HEREOF, SHALL SELL. ENCU~IBER (EXCEPT F'OR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ('UMBER OR COMMIT ANY RREACH OF THE riORTGAGE OR PEftMIT OR. SUFFEB ANY LIEN TO E~iIST ON THE REAL PROPERTY PURCHASED B~' THE UNDERSIGNED AND FINANCED THROUGI~i THE CREllIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever _ e~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then due shall become immediately due and payable at the option of the holder hereof without demand, presentment c~r notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right ~ to exercise the sama at any other time. ~ ~ Time is of the essence of this i~'ote. In thP event any instaliment is not paid when due or within ten ~ clays thereafter. the holder may collect, and the undersigned agrees to pay a late charge on such installment in ~ an amount equal to 5;< of such installment or $5. Khiche~•er 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 coUection, including reasonable attorney's fees and r_ourt costs to the extent permitted by Florida law. ~ ~ The undersignvd and all endorsers or ~ther parties to this note jointly and severally transfer, c~nvey and ~ asx~rt-to__ the Nolder a suflicient atnount of suct~ homestead or exemption as may be allowed, inclading such homestead or exemption as may be set apart in bankruptcy. to pay this note in full, with ali costs of collection, ~ ar.d d~ hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deli~ er to - ~ th~ Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced 5 r~ereby. or any renewal thereaf, and do hereby. jointly and severally, appoint the Hoider the attorney in fact for ~ each of them, to claim a~:y and all homestead exemptions allo~+ed by law. ~ A first mortgage for the security of the aforesaid indel,tedness is retained by OLJTDOOR RESORTS OF ~ ~~iERICA, INC., on Lot No~~-~in that certain Condominium known aa OUTDOOR RES08TS AT NETTLES ~ ISL.AND. and on any improvements, fi;ctures or after acquireci property added thereon. as shown by plat re- ~ corded in the O~ice of the Circuit Court in and for St. Lucie Countv. Florida, in Plat Book 16, page 1:1A thr~uAh 1J. 0 R ~11 _~~~'7 - aoox r,~~,~ • - - ~ ~ = - _ ' ~ ~ _ ~ v ~ _ ~ ~ ,x ~ .