HomeMy WebLinkAbout2768 r-
- - - - - ;
. ~o / ,
~ ~ C.~~ . ~ ' j ~ j
i~ .
~ M 0 R T G A G E 264ti92
Peter Corey and Dorothy Corey (his wife ) _ ,
t he murtg:~~;or. in consideration of the principal sum specified in the promissor~• note hereafter described. re~ #
~~~~ired fmm OUTDOOR RESORTS OF AMERICA~ INC., a corporation organized and existing under the Laws
~:f the St<~te of Tennessee. the Mortgagor, hereby on this__~_day of-~ rn il , 19~3_,
nic~rt~;~~,*es to the :~iortgagee the real property in St. Lucie County. Florida, describeci as:
Lot No4021=I __in that certa~in condominium known as OUTDOOR
RESORTS OF A11iER1CA AT NETTLES ISLAND, as shown by plat
recorded in the Office of the Cireuit Court in and for St. Lucie County.
F'lorida, in Plat Book 16, page 1:1A through 1J. ~
THIS IS A PUftCHA$E D'IONEY MOftT(:AGE
a~ security for the payment of the promissory note of which the following is a copy:
Instaliment Note and Disclosure Stotement
;:_10, 529 40 St_ Lucie Count~ , Fiorida
~ • _Bpr il 4, 19J~-
~
Foi• Value Recei~•ed, I, we or either of us prumise to pay to the order of OUTDOOR RESORTS OF
:1~fERI('A, INC.. P. O. Box 1116, Jensen Beach, Flor ida. 33457. or any other place a.4 the holder hereof may
:1~~~i~nate in K•riting. the sum of Ten thoasa~d fiy~_ _tsetellt~ni_lrle 4[l%l~(1- Dollars.
c1~i~ .um bein~,? the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE
~'I(ARGE on the amount financed. payable ir~60 equal consecutive monthly installments of
* 1?5.. 49----- each, and the first installment to become payaUle on the lst _day of- Jutle ~
1~~ 7~__, and one such installment to become due and payable on the- lst day of each succeeding month
t,t~til the ~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
14 !~t~fnre the final installment date, the unearned portion of the FINANCE CHARGE shall be rebated under
the Rule of 78's.
E
~ In the e~~ent of default in the due and punctual payment of any installment on this Note for a period of
~ ti~irty (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, WITHOIIT
~ TFIE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBEft (EXCEPT
~ }~'nR A1'Y MORTGAGE WHICH 1S SEGURITY FOR TH1S NOTE) OR OTHERWISE DISPOSE OF OIt EN-
~ i'LMBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PEft1~iIT OR SUFFEK ANY LIEN TO
E~IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
TiIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever
e~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~
~lue shall become immediately due and payable at the option of the holder hereof without demand, presentment
~ :~r notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right
to exercise the same at any other time.
~
~ ime is o t e essence o ~s o e. n e even any ins a men is no pai w en ue or w
~ days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in
~ art amount equal to 57 of such installment or $5, whicherer is less, and in the •event this Note is collected by
~ iaw or t}~rough an attorney at law or under advice thereof, the undersiKned agrees to pay all costs of collection~
indudinR reasonable attorney's fees and court costs to the extent permitted by ~'lorida law. -
~ Ttie undersigned and all endorsers or other parties to this note jointly and severaAy transfer, convey and i
~ ~ ~t
~ a~.s~q to~~the Holder a sufficient amount of such homestead or exemption as may be allowed, including such
~ hcime9te,~d. or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection,
~ and dahereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to
the Aolder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced
he~eb~~, or any renewal thereof, and do hereby, jointly and se~~erally, appoint the Holder the attorney in fact for
~ each Of them, to claim ar~• and aU homestead exem tions allo«ed b la~•. ~
P J
' i - - ~
- - A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF }
y.
:1AtERICA. INC., on Lot No.4~~ that certain Gondominium known aa OUTDOOR RESORTS AT NETfLES
~ I~I.AND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re-
~ c•~~rded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A
~ through 1J.
*~1 ~o~ 2~.8 27~i5
~ _ ~ - ~ -~l
.
~ w~