HomeMy WebLinkAbout2650 G f MORTGAGE 251801
-y ~ W . . -
the mortgagor. in considerat~on of the principal sum specified in the promisaory rwte her~esfter descnbed, re-
cei~•ed from OITfDOOR RESOR15 OF AMERICA. INC.. a oorporation organized and existing uader the Laws
of the State of Tennessee, the Mortgagor. hereby on this~~-day of g~-~ , 19_Z~
mortgages to the Mortgagee the real property in St. Lucie County. Fbrida, deacribed as:
•i
Lot No.~~in that certain condominium known as Oi?TDOOft
RESORTS OF AMERICA AT I~ETrLES ISLAND. aa abo~rn by plat
recorded in the Office of the Circuit Court in and for St. Lneie County,
~ Florida, in Plat Book 16, page l:lA thr+ougb 1J.
THIS IS A PUKCHA3E ~IONEY ~OB'I~GACB
;
as security for the payment of the protnissory note of which the folbvring ia a o~py:
Installment Note and Disclosure Statement
.
, ~ - ~ - - - - r,oriaa
R . . L~.~J -..J_
v •
3l G~~t Rr~t. 19~ `
For Value Received, I, v~e or either of ua promise to pay to tbe order oi OUTDOOB ItESOBT3 OF
A:~iEBICA. INC.. P. O. Box 1116, Jensen Beach. Flor ida, 334.~7, ~~X ;Qther place sa tbe holder hereoi may
designate in w riting. the sum of = _ - - " ' ~ 1=-= ! L iY•- _ _ ~ r f _ ~ i ' ~ ~ ~ " ~
this sum being the Total of Payments referred to in the Disclosure Statement bebw, which includea a FINANCE
CHARGE on the amount financed, payable in l ~ua1 conaecutive inontbly inatallmenta of
_ i~`-' ~ each, and the first inatallment to become paya~ile on thP j
5
r-day af
19_~, and one such installment to become due and payable on the day of eacb suoceeding month
; until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
f t~efore the final installment date, the unearned portion of tbe FI:rANCE CHAItGE shaD be r~ebated nnder :
:
` the Rule of 78's. a
~ In the event of default in the due and punctual payment of any inatallment on this Note for a period of ~
~ thirty (30) days, or if any statement. representation or v~arranty in any application iar tbe eredit evidenced '
by this Note is found tfl be untrue in any material respect, or in the eveat THE UNDERSIGNED. WI1`HOUT
THE PftIOft Vti'RITTEN CONSENT OF THE HOLDEB HEKEOF, SHALL 3ELL,, ENCUI~BEK (EXCEPT
FOR ANY MOftTGAGE WHICH 1S SECiI~tITY FOft THIS NOTE) OB OTAERWISE DI3POBE OF OB EN-
CUMBER OR COMMIT ANY BREACH OF THE HORTGAGE OR PEByiIT OR. 3UFFE8 ANY LIEN TO
EXIST ON THE REAL PROPEKTY PURCHASED BY THE LR~DERSIGYED AND FINANCED THROUGH
THE C~tEDIT EVIDENCED BY THIS I~'OTE or in the event of the inoampeteucy, insolvency (bowsoe~?er
evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedneaa then
due shall beoome immediately due and payable at the option of the twlder hereof wnthout demand, presentment
or notice of any kind. Any failure of holder to exenise ~said option ahaU rat oonstitute a~+aiver of the right
to exercise the same at any other time. ~
Time is of the esaence of this Note. In the event any installme»t ia not paid wben due or writhin ten '
daya thereafter, the holder may coUect, and the undersigned agrees to pay a late charge on such inatallment in
~ an amount equal to 5`~ of such installment or $5, vrhiche~er is less, and in the event this Note is collected by
~ law or through an attorney at law or under advice thereof, the underaigned agrees to p~ay aU oosts of colleetion, ~
;ncluding reasonable attorney's fees and oourt cwsta to the extent permitted by Fbrida lsw, ~
The underaigned sud all endoraers or other parties to thia nc,te joinU~ and severaU~ transier. convey and
a.ssign to the Holder s sutficient amount of auc:h homeatead ur ezempti~n aa a~ay be albw?ed, including auch
homestead or exemption as may be set apart in t,anJcruptcy, to pay thia nate in tull. ~?ith at! coats of calleetion.
and do hereby d"uect any truatee in banlcruptcy hsving possexaion of sucb bomestrzd or exemption to deliver to
the Holder a suRicient atnount oi property or mone~? xet apart aa ex~tnpt to psr the indebR.edness evidenced
hereby, or any renewal thereof, aad do hereby. jointlr and aeseraUr, s~c,i.7t t~ Holder tbe sttoraer in fact fot
each of them. to clsim swN ud s11 bomext~ead e~cemptivnR alluxed tiy larr_
re .zi
A first mortgage for the ty ai the sforesaid indet,Wdn~cs i~ ret.ziz~! th? OUTI)(!OB BF.S(1x1'x OF
A~ERICA, INC., on Lot NoI~~~~~ tbst certzin Conduminium kninu ~s OUTDOOK RE~ORTS AT rETTLF.S
ISLA:v'[), and on sny improvetnenta. SYturea ur after acquirdd prr?pertr a~ea thtrer?n, ss showa !ry yist r~
c•urded in tLe Olfic~e oi t~e Gir+cuit ('ourt in r~n~d !or f~t. Lucie ("~t~ Plst fioulc 16, p~ast 1:1A
throuKh 1J. ~ ~ ~51
_ _ ~
~ ~ - ~ ~
-
-