HomeMy WebLinkAbout2035 M O R T G A G E265~~~
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the~mortgagor, in consideration of the principal sum sgecified in the promissory note hereafter described. r~
~•F~i~•ed from OUTDOOR RESORTS OF AMERICA. I~TC.. a corporation organized and existing under the Laws
~~f the State of Tennessee, the blortgagor, hereby on this~-day of /'~~Y~ ~ ~ 19 7-~.
m+?rtgages to the 1lortgagee the real property in St. Lucie County. Florida, described as:
Lot No. ~ g in that certain condominium known as OUTDO~R
FESORTS OF ADiERICA aT tiETTLES ISLA~ID, as shown by plat
recorded in the Office of the Gircuit Court in and for St. Lucie County,
Florida. in Plat Book 16, page 1:1A through 1J.
T:iIS IS •A PURCHASE IiO~IEY 1IORTGAGE -
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as security for the payment of the promissory note of which the followmg is a cupy: , •
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ins~ailment Note and DisclosureStatement °~j
7, 604 . 40 R~~~ ~ l=s~~- IN PAYMEM pF TNtES S t. Luc ie County
` Dl~ 0~! ~USS 'C' INTANGIBIE PERSOMAL rpp°~plY, lOT1dS
PURSWNT TO CHAPTrv )1-134. ACTS OF lyil.
• kOGE4 POITRAC jf~~~ "~~c~Y o~ j J-7~
For ~'alue Received, I. wre t~
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e R d pay to t he or
der o f O t 3 T D O OR RESORTS OF
:1titERIC~, INC., P. O. Box 1116, Jensen Beach~ Flor ida, 3345? or ny othe place as the holder hereof may
Seven thousand six hundre~ and ~our ~ 7,604.44
;?e~i~nate in writing, the sum of s_ i n/=nn Dollars.
this sum being the Total of PaS~nents referred to in the Disclosure Statement below, which includes a FINANCE
CHt1RGE on the amount financed, payable in_ '60~ - equal consecutive monthly installments of
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; ~ 126.74------each. and the first installment to become payable on the ~ S day of S~'~1'~°+~+~•~Nt;
; 1J~, and one such installment to become due and payable on the _ day of each succeeding month~ -
; t~ntil the whole of said indebtednesa (Total of Payments) is paid. In the event of prepayment in full by cash
~ t~efore the fina! installment date. the unearned portion of the FINANCE CHAAGE shall be rebated under
~ the Rule of ?8's:
g In the event of default in the due and punctual payment of any installment on this Note for a period of
~ thie•ty (30) days, or if any statement, representation or warranty in any application for the credit evidenced
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~ h~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT
~ '?'HE PRIOK WRITTEN CONSENT OF THE HOLDEB HEREOF, SHALL SELL, ENCUMBER (EXCEPT
FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
~ CliMBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PEftMIT OR SUFFER ANY LIE\' TO
~ EtiIST ON THE REAL PROPERTY~PURCHASED BY T~E UI`DERSIGNED AND FINANCED THROUGIi
THE 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
cl~.:e shall become immediately due and p~yable at the option of the holder hereof without demand, presentment
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N or notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right
~ tu exercise the same- at any other time.
Time i3 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 installment in ~';1
an amount equal to 5 J~ of such instaliment or $5, whichever is less. and in the event this Note is coUected byQ
" law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection,~~,~
" including reasonabte attorney's fees and court costs to the extent permitted by Fiorida lavv. ~
The undersig~?ed and all endorsers or other garties to this note jointly and severally transfer, convey andQ~
~;..~sign to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such ~
_ homeitead or exemption as may be set apart in bankruptcy. to pay this note in full, With all costs of collection~~
~ and clo herehg direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to°`°o .
~ ihe ~Iuider a suf~'ieient amount of property or money set apart as exempt to pay the indebtedness evidenceci°d'
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hereby, •~r any rei~ewal thereof, and do hereby. jointly and severally, appoint the Holder the attorney in fact for
~ ea~h of th~m, to claim ai:;? and all home9tead txemptions allowed by law.
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~ A firsL mortgage for the security of the aforesaid inc~ebtedness is retained by OUTDOOR RESORTS OF'
s~ A:~IERICA, INC., on Lot No.~~`l~in that certain Condominium known sa OUTDOOR RESORTS AT NETTLES
ISLAND, and on any improvements. fixtures or after acquired pmperty add~ci thereon, as shown by plat re-
~ cord2d'in the Of~ice o~~the Circuit Court in and for St. I.ucie County, Florida, in Plat Book 16, pa~e 1:1A
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