HomeMy WebLinkAbout0813 ~ ~
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~ MORTGAG~
.~~et~._ . - . ~
t he u~ort~;a~;or, in co~ ciQration of- th princip:~l sum ~pecifiecl iii th.~- ~~it~mi~.sory ~~te hereafter described, re- -
r~~i~•ed fi-oni OUTDOOR RFSORTS OF A~IEIt1CA. I:~C.~ a corporatia~ ~rguniz and existing under the Laws
~~f the St1te of Tennessee. the 1~Iortgagor, hereby on thi~_l~__~dxy of a , 19~,
murtg~?~es to the ~Iortgagee the real pibperty in St. Lucie Count~•. Fi~,rida, desccit~ed as:
I.ot l~0.~~.3~~..in that ccrt:iin co~id~~minium kno~vi? as OUTDOOR
RESORTS OF A111ERICA A'C NF7"1'I.I:S ISLAND, as shown Uy plat
• ) L _ A[Y! ! L _ f`~ . 'l ' ~ l P~..: CF T ~ fer
lE3CU1'lil.jll 111 ~.11~: V?Ill'C Ul llll. l~lil'iiib €,i)iii t iii tii~ia iv~ ~7~. a~ui.i2 ~Mll4J~
Florid~~ in Plat Book 16, page 1:1A throu~;h 1.T.
TI~IS IS A 1'U1tCIIASF. ~tO~E1' 1iOitT(:A(:E
A~ securit~• for the p:~yment of the piromissory notc of ~vhich the follo~ving i:; a copy: M~•
AFFIXED TO
O,qt~tNN:-FLGj'1~1 -
Jins~atime~~ 1~ote and--~is osure Stafement-----
~ 8, 7?Q . 40 tN PJIrII,Ip~li OF TjU~S St . LuC ie COUnty, , Florida
~ a~ oN a~ss ~ iKrnr+cis~ ~RSOru~ r~o~n, ~ /
WRSWKf TO CFiMTER 71-134, AClS Of 1971. _~7~j~{+,~L.~/('~ 19~
R06ER POITRAZ J9ka
F~tir Value Received, ~~~iA4~T.~T. tl~C~~~ j~, to pay to the ordcr of OUTDOOR RESORTS OF
~1I:I~IrA. II~'C.~ P. O. Box 1116. Jense~i Beach. Flor ici:i. 33457~ or any other place as the holder hereof may
~3,~:?~.~n:~te in ~~•ritinfi. the sum ofElEhty-seven hundred, sevent~_Pour &40/1Q0 8, 774 .~Opollars,
t i~i~ ~um bein~: the Total of Payments referred to in the I)isclosure Statemeirt below. which includes a FINANCE
i i A R(;F, on the amount financed. payable in 60 equal consecutive monthly installments of
~_,146 . 23 each, and the first installment to t,ecome payable on the_L~_-day of .
1!~ and one such installment to Uecome due and paya~le on the~_~~~day of each succeedin month
;~,~til tne ~~hale of caid indebtedness (Total of Payments) is paid. I~~ the event of prepayment in full by cash
I ;~~~f~,re the tina! instailment date. the unearned portion of thc FIti'AI~'CE CHARGE shall be rebated under
i t i~c Rt~le af 78'S.
f
k In the event of default in the due and punctual payment of any intitallment on this \'ote for a period of
~ ~i~irty (30) d~~s. or if any statement. representation or warranty in any application for the credit evidenced
i this Note is found to°Ue untrue in any material respect, or in the event THE UNDERSIGNED, WITt~OUT
~ "i'F1~; PRiOR ~VRITTEN CONSEi`T OF THE NOLDER HEREOF, SHALL SELL. ENCUHBER (EXCEPT
~ I~ i~I~ A\'Y A10RTGAGE WHIC~i IS SECURITY FOR TtIIS NOTEZ OR OTHERWISE DISPOSE OF OR EN-
~ ~~l :~iBER OR GO;VIMIT ANI' RREAC~i UF~ T~iE iiiORTGAGL OR P~R1~I`I' dA SUFFER A~i~t' LIEti' TO
i~:.l"IST ON THE REAL PROPERTI' YURCIIASED RY TIiE UNDERSIGNF.D A~D FINA~'CED TNROUGH
'i'itE CREDIT EVIDENCED BY THIS \OTE _or in the event of the incompetency, insolvency (howsoever
~~~~icienced) or Uankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then `
~ ci~~e shall become immediately due and payable aL the option of the holder hereof without demand, presentment
~ notice of any kind. Any failure of holder to exercise ~~id optioi~ shall not constitute a waiver of the right
tc~ 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
~ ci;;~•s thereafter, the holder may collect~ and the w~dersi~;ned u~;ree~ to pay a late char~;e on such installment in
~ <t« amount equal to 5% of such installment or $5, whichever i~ le~s. and in the event this ~Tote is collected by
~a«• or through an attorney at law or under advice thereof. the under~i~;ned agrees to pay aU costs of collection,
~ i~+cludin~ reasonable attorney's fees and court costs to the extent permitted by Florida law.
~ The undersigned and all endorsers or other partics to this notc jointly and severally transfer, convey and
~ :~~.i~n to the Holder a suf~'icient amount of such hamestead or exemption as mzy be allowed, includin~ such
~s i~r~me~tead or exemption as may Ue set apart in bankruptcy, to pa~ this note in full, with all costs of collection, ~
~ ;~t~d do hereby direct any trustee in bankruptcy having posses~ion ~f such homestead or exemption to deliver to
~ the Holder a ~ufficient amount of property or money set apart a~ exempt to pay the indebtedne.gs evidenced
~ i~ereb~ ~ or any renewal thereof~ and do hereby. jointly and ~e~•crall~~, :~pix~int the ~iolder the attorne~? in fact for
~ e.~ch of them, to claim ai and ali homestead exemption~ aU~?~secl i?y l.~v?. ~
~ A first mort~;age for the security of the aforesaid indel?tc~lnc~, is ret:?ined by OL'TDOOR RESORTS OF
~ :1~I~;RICA, INC., on Lot Ivo/~in that certain Condominium known as OliTD00R R~SORTS AT NETTLES
~ • fixtures or after ac uired ro ei•t added thereon, a.~ shown b lat re-
~ I~LAND. nnd on any improvements. q p p Y Y P
~ r~~rded in the Office of the Circuit Court in and for St. Lucie County~ Florida, in Plat Book 16. page 1:1A
~5 through 1J.
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~ BooK 218 P~E 8~.~ ~ s3
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