HomeMy WebLinkAbout1047 ~ MORTGAGE ~6o99S
~,~,~t Shamesa & Genevieve shamegg ~ifs ~i~~ ,
the mort~agoi•, in con3ideration of the principal sum specified in the promissory note hereafter described. re-
~•ei~•ed fmm QUTDOQR RESORTS OF AMERICA, INC., a corporation organized and existing under the Laws
af the State of Tennessee, the ~Mortgagor. hereby on this__2.QtlLday of r , 19_~.
moi•igafies to the hiortgagee the real property in St. Lucie County. Florida. described as:
Lot No.~3~_in that certain condominium kno~vn as O Oft Q~~~"
RESORTS OF AMERICA AT NETTLES ISLAND, as shown~by ~plat 1 ~a>>'
recorded in the Office of the Circuit Court in and for St. Lucie County`,1 a;~s o~` ~y,. :
Florida, in Plat Book 16, page 1:1A through 1J.
THIS IS A PURCHASE 1?iONEY MORTGAGE i~,o Ss ~~'O`? ~~y~~ ~
~s securify for the payment of the promissory note of which the following is a co~~o~~~~~~~~~~`~~5~~ ~
~
Installment Note and Disctosure Stateme €
~-Z•~Q4-4O St. ~~c3a Ceu~~'T---, Florida
~ F~bruary 20 19~.~3_ ~
- ;
For Value Received. I. we or either of us promise to pay to the order of OUTDOOR RESOItTS OF 3
~ti1ERICA, INC., P. O. Box 1116, Jensen Beach. Flor ida, 33457~ or any other place as the holder hereof may '
de~i~nate in writing, the sum of Seven t~±nLaand s;~r__ ( ) Dollars,
this sum t~eing the Totat of Payments referred to in the Disclosure Statement below, which includes a FINANCE
C'HARGE on the~ amount financed, payable in 60 ;
equal consecutive monthly installments of
~ 126. 74 each, and the first installment ta become payable on the 18t day of~'t8y ~
I~i 73 , and one such installment to became due and payable on the__lst day of each succeeding month
~~r~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
t,et'ore the fina} installment date, the unearned portion of the FINANCE CHARGE shall be rebated under
the Rule of 78's. .
In the ecent of default in the due and punctual payment of any installment on this Note for a period of
thii•ty (30) days, or if any statement, representation or warranty in any application for the credit evidenced
t~~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED~ WITHOUT
THE PRIOR Vti`RITTEN CONSEh'T OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT
FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS hOTE) OR OTHERWISE DISPOSE UF OR EN-
C'L'MBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TU
EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever
t 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 '
or notice of any kind. Any failure of holder to exercise said opiion shall not constitute a waiver of the right
to exercise the same at any other time. ?
Time is of the essence of this Note. In the event 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 instal)ment in
an amount equal to 5~/ of such installment or $5, whichever is )ess, and in the event this Note is collected by
1aw or through an attorney at law or vnder advice thereof. the undersigned agrees to pay all costs of collection, ;
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 !
assign to the Hotder a sufficient amaunt of such homestead or exemption as may be aUowed, including such
homestead or exemption as may be set apart in bankruptcy, to pay thi~~note in full, with ail costs of co]lection,
and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to
the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced
hereby. or any renewal ihereof. and do hereby, jointly and se~eraliy, appoint the Holder the attorney in fact for
each of them. to claim ar;~ and all homestead exemptions allo~ved by law.
; A first mortgage for the se~rity of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF
AMERICA, iNC.~ on Lot No~~_in that certain Condominium known as OUTDOOR RESORTS AT NETTLES
ISI,AND, and on any improvements, fixtures or after acquired property added thereon. as shown by plat re-
corded in the Of~ce of the Circuit Court in and for St. Lucie Count $~l~~in~~~~~ 16, page 1:1A
throu~h 1J.
~
~ ~
~ - _ - Y ~
~ _ _
. y_ ~