HomeMy WebLinkAbout2485 ' M~3~ZTGAG~ Q
Lj ~ • ~ f ~ ~ i ~ , ~S ~ • ~~~~I~Li
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_I~rich~and June T. Horkavy _ _
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ir...~rt;;z~or, iu con~i~ieration of the principal sum specitied in the j1Y01211SSOYy n~te hereafter descri',ed, re,-
.~•ire~i fr~~m OliTD00R ~:CSORTS OF A~IERICA, I\C., a corpor, tion orbaui~ed :ind existin;; undet• the Laws
~~f t:~r St~te of Tenne~~ee. the ~Iortgagor, hereby on tni~ 27~h _d:~y of- December ~ le~_~(~ ~2
m~~,•:•;.:~e, to tiie 1lurtgabee the real property in St. Lucie Coanty. Floi•ida. described as: ~a' c~~
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Lot i:o.~Z2LIL_ii~ that certain condominium kno~vn as OUTDOOR
~~tloM1t'~ RESOKTS OF A~IERICA AT \ETTLES ISLAND, us shown by plat
F~A-~~F~p ~ recordeci in the Office uf the Circuit Court in and for St. Lucie County,
oq~~,~~W. Florida, in Plat Bc~ok 16, page 1:1A throubh 1J. -
THIS IS A PliRCHaSE lI0`El' DIORTCAGE •
securit}• for the payment of the promissoiy note of which the follo~~ing is a copy:
Ens~allment Note ~n~ ~isclosure Sfi~~~r:z~~~
c~_~ 9•~'0 S Luc ie Cou~ Lv , F'iorida
IIecem~~~ ?_7 lg 72
For alue Recei~ ed. I. ~ve or either of us prum ise to pay to the order of OUTDOOR RESORTS OF
:~'~!'r'PIC??, I\`C.. P. O. Box 1116. Jensen Beach, Florida, 33457, or any other p}ace as the ho3der hereof may
_d `i1°E t~_Ent ,
~?~.~~i~n.:te iu ~~•ritin~,~, the sum ofTnr_ t??oi*sar y-:Z~.r.~ ~G~1G0 ( 10. ~+2_°•.~~; Dollars
tE~i~ ~;~m br.ing the Total of Payments referred to iii tiie Disclosure Statement belo~v, ~vhich iucludes a FIL~ANCE
C~E! :I~:GF an the •r.mount financed. payable in_EO ------equal consecutive monthly instailments of
s._~. 9- each~ and the first installment to become payal>te on the S ~ day of Jt:; _
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~ 1~? and one such installment to Uecome due and pa3~able on the- ~
St day of each succeeding month
~ ;;r.`~1 the ~t•hole of said indebtedness (Total of Payments) is paid. In the event of prepa}ment in full by c~sh
~ :~~rc the ti?~al in~tallment date~ the unearned portion of the FIti'ANCE CHARGE shall be rebated un~er
t 1,~ Rute of 78's.
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~ Iii the erent o~ default in the due and punctual payment of an3• installment on this I~'ote for a period of
~ ::,i: t~• (tiQ) das or if any statement, representation or ~sarranty in any application for the cred:t evider.ced
~ n;• t;:i; \ote is found to be untrue in any material respect. or in the e~~ent TFiE UNDERSIG~IFD~ tiVITHOL~•
; : I PRIOR ti~'RITTEN CONSE\T OF THE HOLDER HEREOF, SH~LL SELL, EI~'CU?~i$ER (F,XC~PT
~ i-'~"?cZ ANY ~tORTGAGE WHICH 13 SECUP.ITY FOR THIS I~OTE) OR OTHER~VISE DISPOSE OF Or~ ri:-
~ c':: :IBER OP. C01I~IIT A\TY BREACH OF THE IiORTGAGE OK PER~IIT OR SUFFER ANY LIE\ TO
F~:IST O~ THE REAL PROPERTY PURCH.~SED BY THE U~DERSIGNED A\D FII~ANCED TEROL'GfI
~ TEIr. CREDIT EVIDENCED BY THIS I~OTE or in the event of the incompetency~ ir~aolvenc3 (]-,o~~soe•:zr
e~•ide~:ced) or i~ankru~tcy of anyone or more of the undersigned, then the entire remainir.g indebtedness then
~ due s~ al! i~e~ome immediately due and payabte at the option of the holder hereof witrout demand. pres2nt:nent
~ oi• :io;ice o; any- kind. Any failure of holder to exercise said option shall not constitute a~saiti er of the right
~ to exercise t~:e same at any other time.
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Time is of the essence of this Note. In the e~ent any installment is not pai~i «•hen due or ~cithin ten
d~ : s t'ne?•el:ter, the holder ma ~ collect, and the ur.dersi ned a rees to
~ 3~ g g pay a late charge on suc~ installment in
an arr:ourit equal to 5;~ of such installment or $5~ ~shiche~er is le~s, and in the e~•ent this \'ote is collECted by
- 1: or throu~h an attorney at law or under advice thereof~ the undersifined ngrees to pay aIl costs of c~ll~c!io:~,
i~:cludin~? i•e~sonable attorney's fees and court costs to the extent permittec~ b3• Ftor:da la~v.
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The undersigned ar.d ~a11 endorsers or other parties to this note jointly and se~erally tran;fer, conrey a:,d
- a~~i~:n to the Ho!der a suf~'icient amount of such homestead or esemption zs may he allo~ved, ircluding ~ach
h~~n~~:_~t+~ad ur e~emption as may be set apart in i~ankruptcy, to pa~• this r.bte in•full, ~~~ith all costs of c.llccti~,n,
ar~' c•.A hr-reby direct any trustee in bankruptcy hat-in~ possession of such ho~ne~teaci or exemption to dcli~er tu
~N t?~~ I.ufc!er a sufticient amount of ~ ~
~a property or money >et apart as exemp,, to paS the. i~~debtedne~s e~•icleiiced
K~~~ h~•r~~~~}•, c~r a?~y rene~~-al thereof~ and do hereby~ jointly and ~e~•erally, appoir~t the Holder the a~tornes• in fact for
each th~in, to claim ai:~• and all homestead exemp;ion: allu~:~ed la~~.
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A fir~t rr:ort~a~,•c fur the security of t}ie afo~-e~aid itidel~ted~s~~:s i. c-etai~ic.i b~• OGTDOUI: RESC?R7'S OF
:`.11F,~:'f'~,, (':tiC.~ a~ j,~~ ;~~~.372LZ;~ ti~xt certain ~m.:ciominium knavrn as`OUTf)OOT~ RESOitTS AT 1F.:'I'I,ES
~t ~..1t1~ .l un sn im,~o~-~ments fetturc•s or after ac~uired ,rc?~e:•t.• addzd thcreon a, shm~•n h ~
, ~ C ~ i t' r . 3' ~I:.t rc-
- e~•~it_~l in th~ 0:1ice of the Circuit Cuurt in an~l tor St. I,ucie Co::nt~•, Fl~~e'i(F:l~ in Plat Y,~ok 1G, p:i~;e 1:1A
_ ! -~..~::z'!i l.).
~ ; ~~~219 ~~f~484 .
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