HomeMy WebLinkAbout2656 ~ ; 251805
~ MO TGAG _
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thc~ n~urt~,~~r. in cunsidet~tion of the principal sum specified in th promissorS note hereafter described. re-
.~~i~~i th~n~ OLt1'DOOR RESORTS OF AMERICA. INC., a corporation organized aud existing under the Laws
' ~-day of ~K.~~. , 19~.
.~f the~ Stxt~ .of Te~ur~,.,~ee, the Mortga8or. hereby on thi t~
m~~rt~tt~~ t~ the Murtga~gee the rexi property in St, Lucie County. Fiorida. described as:
y
Lot No, in that certain conduminium known as OUTDOOR
~ R~SORTS OF AMERiCA AT NETTLES ISLAND, as shown by plat
• rerorded in the Oflice of the Circuit Court in and for St. Lucie County.
Ftoridx. in Plat Book 16, pag~c 1:1A through 1J.
~ TNIS IS A PURCHAS~ MONTY MORTGAGE ~
a. .~erurit~r for the p~rment of the promissory note of which the following is a copy :
~
Instnllment- Note and Disclosure Statement
~ • ~ ~ Luci--~ C~:~r.ty ~Florida
. ~1.(AMU~ ~9?~
~ir ~'alue Recci~~ed. I. w~e or either of us promise to pay to the order of OUTDOOR RESORTS OF
~~IERIC~?, 1\C.. P. O. Box 1116. Jensen Beach, Flor ida, 334b7. or any other place as the holder hereof may
d~••i~•nute in ~rriting. the sum of'~~.1 - ~:l - -r~.- ^ ~ & OO1100 (10, 60~3. Oq Dollars.
thi. .uni U~ei~~ the 1bta1 of P~yments refert~ed to in the Disclosure Statement below. which includes a FINANCE
c'H~ACB dn t1~e amount fin~nced. p~yable in -------------equal consecutive monthly installments of
.
each, and the first installment to become payable on thp Z°~ day of- Ma rch
1~~ 73 ~tix1 na~e ~url~ inatallment to berome due and p~?able on the-1 "t day of each succeeding month
; ~a»til th~ ~rhole uf ~aid indehtednes.~ ('Ibtal of Payments) is paid. In the event of prepayment in full by cash
E t~~t~~rr th~ ti~ia! in~taliment date. the unearned portion of the FINANCE CHAAGE shall be rebated under
~ tAe~ E:~~i~e of 'i~
:~e. ~
' ln tMe e~7ent of default in the c~ue ~nd punctual payment of any installment on this Note for a period of
thirt~r d~:e, ur if an,r statement, representation or warranty in ar~y application for the credit evidenced
t~r thi.~ N~te is found to be unttue in any material respect, or in the event THE UNDERSIGNED. WITHOUT
TFl6 PRIOR «'RM'TEN CONSE\'T OF THE HOLDER HEREOF~ SHALL SELI,. ENCUMBER. (EXCEPT
~~1R ANY MOR'['~~GE «'HICN 13 SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE. OF OR EN-
t't'11[~36R OR COM~[iT ANY RREACH OF THE MORTGAGE OR PERMIT O~t SUFFER ANY LIEN TO
F:\IST ON TNB R~AL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
Tit~ CR6DIT ~VID~NCED Bl' THIS NOTE or in the event of the incompetency, insolvency (howsoever
~~ri~den~ved) ur W~nkrupt~~ of atp•one or more of the under~igned, then the entire remaining indebtedness then
d~i~ :~all becanle immediate~v due and p~yable al the option of the holder hereof without demand~ presentment
~~r nutice of arp• kind. A~~ failure of hulder to e~cercise said option shall not constitute a waiver of the right
t~~ exerci~e the same at ar~v other time.
11me is of tht es.,ence of this Note. In the event any instaliment is not paid when due or within ten
~iatr~ tl«fter. the hutdpr m~v collect, and the undersiRned agrees to pxy a late charge on such instailment in
~ e~u~l to b: of such installment or a5, whiche~ er is te~.4, and in the event this Note ia collected by
~n ~?mount
~ Ix~r ~?r t~n~~h an attorney xt 1~W or under advice thereof, the undersignec~ agrees to pay al! oosts of collection.
n~t n~?.~on~bla attorney'a fee3 and rouct costs to the extent permitted by Florida law.
~ i ~~chxli
~ T??e und~enigt~ecl x~d ~Il et~dot:cer:4 or other partie:c to this note jointly and severally transfer, convey and
~ a~.,.iK~~ tu tlK i;cild~?r a suflicient unount of such homestead or exemption as may be allowed. including such
h~~n»tN?d nr ~xtmptiun a.~ mRy t~ set a{~xrt in I~ankruptcy. to pay thi:c note in full, with all costs of collection.
~nr! c~i h~t~?lU• dirert trustee in t~unk~uptcy hsving po~.ge...~iun of auch hrmestead or exemption to deliver to
tAr ~i~~lc~ar a:~ut~iria~t amount of propert,v or money cet a~rt ag exempt to pay the indebtednesa evidenced
hr?~i~,r. ur ~ny r~newxl thereof. ~?nd do herel~~. jointly and se~~erully, ~+Fpoi:?t the Holder the attorney in fact for
~rh af tAam, tu cl~?im ar;• ~?nd ~li home~te~d cx~mptions ail~~~red by lsw.
A fte~t nh~rtK~e fur the . urit} of the uforew~id inda~~~~daev:~ ir: retained by OUTDOOR KF.SORTS OF
~~tRhtlt',i, 1N~:,, on l~~t No/~~~in that certAin Condominiuni known v OLrI'DOOR kESORTS AT NE'CTLES
1~l.~1~11, ~nd o~ ~n.y iniprov~mentx, tixturex o~ aiter ac~uirecl pn?)ierly ~tdd~d therean. aa ahown by plst re-
.~~r~frd m tM Ottka uf the Cirrutt ~'~??~rt in and far St. l.ucie ('ount~, I~'~o~d~~~Plat ~oo page 1:1A
thn~u~h tJ. S~G~ tRCE
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