HomeMy WebLinkAbout0789 M O R T G A G~ E 262906
~ b~ La.~vr~~ c~_~_ S~ --r---~~__t~ /~'~~---5~`d~P-,X_~~,~?~~•~J
th~• nu?rt~,~.~~?~~r, i~~ cumi~ier.~tion of the principal s specifiecl in ths: promi~.<.~•ry nute hereafter de;crihed. re-
~~~•ir.~~l fiti~m OUTUOOR PI~:30~TS OF A~IERICA, 1\C., a corporation org~nized .?ncl exi~ting under the 1.aws
~~i th~~ Stxte ot Tennc:ssc~e~ the Niortgagur. hereby~ on this.~_-~ uay of_ _ Jk_hS-__.__~ 19~ ,
m~~rt~c.~~,•e: tu the ~I~?rtgagee the real property in St. Lueie County. Florida. d~srril,eci as:
Lot \'u.__~~.~ in th~t certain conciuminium k~:~~~t~ us UilTDOOR
P.F:SORTS OF A~IERIGA AT \ETTI.F.S 1SLA\D. as s~iu«n by pllt
recorcle~l in the Othce of the Circuit Court in and fur St. Lucie County.
~'lui•ida. i~i Plat Book 16, page 1:1A thi•ough 1J.
TNIS IS A PURCHASE ~l0\EY ~iOKTGACE .
~ecurit~• ior the pn~•ment of the promissoi~~ note of ~vhich the fulluwin~ i> a copy:
Instelimen~ Note and Disclosure Stoternent
; 8,159 40 _ _ S t~ Luc ie Coun~v , Florida
u ti e ! is~ _
Fur ~'alue Recei~ed. I, «•e or either of us promi~e to pay to the orcier of OUTDOOR RESORTS OF'
:1~IF:i:IC'A, I\C.. ~ P. O. Bo~ 1116. Jen~en Beach. Flor ida, 33457. or any other place aa0the holder hereof may
dr:i~:n:ite in ~eritin~?, the sum ofEi~hty One Hundred, Ei~htY Nine & 40/1 ~_g~g9~4~ Dollar~,
;i,i..um bein~ the Total of Payments referred to in the Disclosure Statement ~elow, ~vhich includes a FI~Al~'CE
('i1:11t(:r: on the amount financecl. payable irL-=~?~---~---- equal consecuti~~e monthly installments of
c 136.49----
_Qach. and the first installment to become payable on the ~ S~ day of._ ,
1~~ _7.3. <<nd one such install~nent to become due and pay able on the_! ~ day of each succeeding month
u~~;ii the ~~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
f:•fr?i thn~nt-
dat~rth~-u~r~~rn~zt~ ' --Ff~'~1~iC~f;~I~~ r a un er
thc Rule of 78's.
In the e~•ent of default in the due and punctual payment of anS• installment on this 1~'ote for a period of
t~~ii•;y (30) da~•s. ar if an} statement, representation or «arranty in any application for the credit e~idenced
thi, \'ote is found to be untrue in any material respect, or in the event THE UNDERSIG\ED. ~VITHOL'T
i'tIE PRIOR 1t'RITTE:~ C01'SEtiT OF THE HOLDER HEREOF. SHALL SELL. ENCU~IBER (E~iCEPT
FOR A~'Y :110ftTGAGE ~;'HICH 1S SECURITY FOR THIS \'OTE) OR OTHER~YISE DISPOSE OF OR E`-
t'C~IIBER OR C0;1IriIT A~I~' RRE~CH OF T~IE DiORTGAGE OR YF.R\iIT OR SUFFER ANI' LIE~T TO
F?XIST ON THE REAL PROPERTl' PURCNASED BI' T~IE U\'DERSIGNED AND FIVAKCED THROUGH
'i'IIF. CREDIT F:~'IDE~'CED BY THIS \OTE or in the e~•ent of the incompetency, insolvency (ho~vsoever
E~~ :,ienc~ci) or bankruptcy of anyone or more of the undersignec3, then the entire remaining indebtedness then
cl~~e shall become immediately due and payable at the option of the holdei• hereof ~ti~ithout demand. presentment
ui• s~~tice of any kind. Any failure of holder to exercise said option shall not constitnte a wai~~er of the right
~ t~~ etiercise the same at any other time.
i
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E Time is of the essence of this :~Tote. In the e~ent xny instatlment is not paid ~shen due or ~vithin ten
` u:~ys thereafter, the holder ma3 collect, and the urnlersigned agrees to pay a late charge on such installment in
~ ~:~i amount equal to 5% of such installment or ~5, ~shiche~•er is less, and iti the event this I~ote is collected by
1: ~s or through an attorney at la«• oi• under ad~rice thereof, the undersigned agrees to pa3 all costs of collection~
i:~cludi:i~; reasonable attorney's fees and court costs to the e~tent permitted by Ftorida la«•.
1'he ~~n~ersigned and ail endorsers ur other partie; to this note jointlr and severallS• transfer, con~•ey and
~ .:,~:~,rn tu the H~lder a sufficient amount of such home~tead or e~emption as may be allo~t•ed, including such
t~~mestead or exemption as maS l~e set apart in bankruptc~, to pa~• this note in full, «•ith all costs of cullection,
~r~rl do herel,~• direct any trustee in bankruptcy having po~se;sion of such homestead or e~emption to deli~er to
the Ho~der a su:l:cient amount of property or money set apart as exempt to pay the indebtedness e~idenced
~ r_~reb~•, ur an~• i•ene«~al thereof, and do hereby, jointly a~id sererally, appoint the Holder the attorney in fact for
~ ach uf the~?. tu claim ai and all homr,tead esemption; allon•ed bS• la~r_
~ A fcrst mort~age for the securit3- of the afor2said in~ict,teclne;s is retainea b~~ OUT~OR RESORTS OF
~ :~_'•Ir;itii':~, I:~C., on I,ot \o.~_~ri that cert~in Condominiim~ kno~vn Es OUTllOOR RF.SOHTS AT ~E'CTLES
I~L:~\ (1, ar.d on any impro~~ements, fixtures or after acquired property addzd thereon, as sho~cn by plat re-
~ ~rc'.:~~! in the Of':ice of the Circ~it Court in and for St. Lucie C:ounty, ~'lorida, in Plat Bouk 16~ page 2:1A-
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; ay~ pN ~~pjER 7j-1~~g ~ QNGINAL NOTE
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