HomeMy WebLinkAbout2477 ~~r . / M O R T G A G E.~ 26~~'72
~.4±c~C~-~ ~~,~,~do~/ ~S~d~-~~- S(', L.~c o1_'~.~ r ,
ti~e mort~;agor. in Zotisideration of the principal sum specified in the rumissor3 note hereafter described. re-
~•ei~•ed from OUTDOOR RESORTS OF A111ERICA, I~'C.. a curporation organiz and existing under the I.a~vs
uf the State of Te~~~iessee. the Dlortgagor, hereby on this~~~ay of L~fDr2 19~,
n~+~i•t~;.~~;cs to the :liortgagee the real pt-opert~ in St. Lucie Count~, Florida. described as: ~
: Lot \o.~
~6~
~ in that certain condominium known as OUTDOOR,
= RESORTS OF AriERICA AT NETTLES ISL~ND. as shown by plat
recorded ~n the Office of the C~rcwt Court in and for St. Lucie Countq,
Florida, in Plat Book 16, page 1:1A through 1J.
• THIS IS A PllRCHASE ri0i~ EY 11iORTGAGE
:1s ;}ecurit3• for the pa~•meiit of the promissory note of ~chich the follo~ving is a copy: ~ ppa ~p~~ ,
t nstollmenfi Note and Disciosure Statement ~
. .
~>--10 ~39
=~EQ_- ~ t- ' - ~ - ~Ti ° Flor}da
i~~ ~
L1- 1~ ~9~3
For Value P.eceived, I, we or either of us promise to pay to the order of OUTDOOR RESORTS OF
:~.1tERIC~. INC., P. O. Box 1116, Jensen Beach. Flor ida, 33457, or any other place as the hoider hereof may
c?e.ifinate in «riting, the sum of Ten thn ~sand iv~~zen~~=nine 40/100 (_1~,,,529.~ODollars,
t t~ i~ sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FI~TANCE
('~iARGE on the amount financed, payable in 60'---'~"-"-'- equ~ consecutive monthly instaliments of
~_175.49------ each, and the first installment to become payable on thP lst _day of June '
~
i~_. 73_. and one such instaliment to become due and papable on the lSt day of each succeeding month
t:zztii the «~hole of said indebtedness (Total of Payments) is paid: In the event of prepayment in full by cash
i~~~;ore the final i»stallment date, the unearned portion of the FINANCE CHA~GE shall be rebated under
the Rule of 78's.
~ In the e~ent of default in the due and unctual
p payment of any installment on this Note for a period of
i t},;rt~ (30) days, or if an1~ statement. representation or ~~•arranty in any application for the credit evidenced
~ t~~ this Note is found ~u be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOL'T .
` TFiE PRIOR «'RITTF.h~ CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCU~iBER (EXCEPT
E OR ANY MORTGAGE «'HICH 1S SECURITY FOR THIS NOTE) OR OTHER~'VISE DISPOSE OF OR EN-
~ i'L'1~iBER OR COl~i`iiT Ai~Y RREACH OF THE DiORTGAGE OR PERDiIT 08 SUFFER ANY LiEN TO
I;1IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIG:~ED AND FINAI~TCED THROUGH
'1'~IE CY.EDIT EVIDENCED BI' 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
due shall become immediately due and payaUle at the option of the holder hereof without demand. presentment
4 ~~r notice of any kind. Any faiiure of hoider to exercise said option sha11 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 iiistaliment is not paid when due or within ten
days thei•eafter~ the holder may collect~ and the undersigned agrees to pay a late charge on such instalfinent in
an aniount eqaal to 5;'/ of snch installment or $5, «hiche~er is tess, and in the event this Note is collected by
_ lxw or througn an attorney at lav~ or under advice thereof, the undersigned agrees to pay all costs of collection,
:nc:udin~ :easonable attorney's fees and court costs to the extent gerrnitted by Florida law.
t
~ T~+e ur:;iers~gr~ed and all endorsers or other parties to this note jointiy and severai{y fransfer, convey and
~ a.sign to the iIoli:er a sufficient amount of such homestead or exemption as may be ai[owed, including such
n c~meste:~~] or e}:empiion as may be set apart in bankruptc~, to pay this note in full, «•ith all costs of collection,
;
? . ~~nu ~io hereby diraci any tru~tee in bankruptcy having possessior. of such horrzestead or e~cemption to deliver to
~ th~ Ho13cr ~u;icient amount of praperty or money set apart as exempt to pay the indebtedness evidenced
i~crebs•. :sr u?is• reneKal thereof~ and do hereby. jointly and se~•erally, appoint the Holder the attorney in fact for
Pac~t of them, to claim at:~~ and all homestead exemptians allo~~•ed by law.
~
° A first mortga~e for the security of the afore~aid indebtedness is retained by OUTDOOR RESORTS OF ~
~ f1 ~II~:I:(CA, [NC., on i.ot ~Tu...~~~in that certain Condomineum known aa OUTDOOR RESORTS AT Iti'ETTLES
= ~~i. U, and on any improvements, fixtures or after acquired ~~roperty a~dded thereon, as sttown b}• plat re-
` c~,r~l~t~' i~? the pffiir~of the Circuit COui•t in and for St. Lucie Courity, Florida, in Plat Book 16, page 1:1A
;
; . ~ , . ~ ~ ~ aa~« 219 ~2~78
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