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HomeMy WebLinkAbout2489 ~ _ . : • . . ; ~ . ~ • ~ _ ; ~ MORTGAGE 2~~~81 _~4rae--_M~MQrton & Patricia ~1'~iQZt4II__~hi8__bt~-~----.------- , ~t;~~ m~~rt~;.~~*u~•; in consideration of the principal sum specifiecl in the promissory~ nc,te hereafter described. re- ~•~•i~•ed from OLri'I)OOR RF.SORTS OF ADiERICA. INC., a corporation organizecl and esisting under the I.aws ~.C the St<<te cf Ten~~e,5ee. the Mortgagor, hereb~ on this__~th_day of~~iL- 19-~-. n~~~i•t~;x~.?e~ to the 1ic?rtgagee the real property in St. Lucie Cotmty. Florida, descriUed as: Lot I\o~03 YI that certain condominium kno~~~n as OUTDOOR RESORTS ~F A11iER1GA AT ETTLES ISLAI~'ll, .~s shown Ly plat recorded in the Ofl`'ice of the Circuit Court in and for St. Lucie County, Flarida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE ~I011~E1 1fORTGA(:E f~ °~1~p~~ securit~• for the pa~•ment. of the promissory note of hich the follo~+~ing is a copy : 01~~NAt 11C~'E Installment Note and Disclosure Statement . 10~529.40 St. Lucie CountX. , Florida __p,pr il 6 _ _ 19~._ F~n- ~'alue Receiveci, I. ~ce or either of us prumise to pay to the order of OLTTDOOR RESORTS OF :1~]F;RI('~1, INC.. P: O. Box 1116, Jensen Beach, Flor ida, 33457, or any other place as the holder hereof may ~l~~:i~.~n.~te in ~vritin~;, the sum of~~ thousand _fiYe t~~nt~ nine 40f1QQ- (1.52.~9_ 4Q Dollars. tl~i. ~um l~ein},• the Total of Payments referred to in the ni~closure Statement below. which includes a FINANCE ~~}iARGE on the amount financed. payable in~iQ- e9ua1 consecutive monthly installments of ~ 175.49_ ------each, and the first installment to become payable on the~t-day of-June , ; i~ 7_3 .€ind one such installment to become due and payable on the ls~day of each succeeding month ;;~itil the w•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ` i,~•f~~re the hnal installment date, the unearned portion of the FI1\'AI~CE CHARGE shall be rebated under € - € thr Rule of i8'~. i In the e~•ent of default in the due and punctual payment of any installment on this Note for a period of ~ ti~irt~ (30) days, or if any statement, representation or warranty in any application for the credit evidenced 1~~~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, ~'VITHOUT ~ TIIE PRIOR «'RITTE?v' COl~'SE`T OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~'(~R ANY biORTGAGE R'HICH 1S SECURITY FOR THIS NOTE) OR OTHERVVISE DISPOSE OF OR EN- c'L'~iBER OR COMMIT AtiY RREACH OF THE MORTGAGE OR PER~iIT OR SUFFER ANY LIEN TO I?.l'IST OI~' THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH TIIE CREDIT EVIDENCED BY TNIS NOTE or in the event of the incompetency, insolvency (howsoever f•~~idenceci) Or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~iue shall become immediately due and paSable at the option of tlie holder hereof ~~ithout demand, presentment ~n- notice of any kind. Any failure of holder to Prercise said option shall not constitute a waiver of the right ~ t<, exercise the same at any other time. ~ ~ Time is of the essence of this Note. In the e~~ent any instaliment is not paid when due or within ten r°- ~ clays thereafter, the holder may collect, and the undersifined a~?ree. to pay a late charge on such installment ~n ~ ~in amount equal to 5% of such installment or $5. ~hiche~~er is le~s, and in the e~•ent this Note is collected by "3 law or through an attorney at law or under advice thereof, the undersi~ned agrees to pay all costs of collection. ~~y includin~ reasonable attorney's fees and court costs to the extent permitted b~ Florida law~. o • _ ~3 ~`h The undersigned and all endorsers or other parties to this note jointly and severall~ transfee, cQnvey~ ~nd Fy assign to the Holder a sufficient amount of such homestead or exemption as m1y be allowed, including such h~mestead or exemption as may be set apart in bankruptc~, to pay thi~ note in full, ~~ith all costs~of collecfion, and do hereby direct any trustee in bankruptcy having posses~ion ~f such homestead or exemptiotr"to deliver to ~ the Holder a suflicient amount of property or money set apart as exempt to pay the indebtedness evidenced '3~ Fiereby, or any renewal thereof, and do hereby, jointly and se~•erall~•, appoint the Holder the attora@q in fact for ~ each of them, !o claim ac and all homestead exemptions allo~~•cd b~• la~~~. - ~j f ~ A fsrst mortgage for the security of the aforesaid indel,tecine~~ is retained by OL~TDOOR ~'fESORTS OF ~ ~1ZERICA, INC., on I,ot Na 403/Id that certain Condominium known sa~OUTbOOR RESORTS AT NETTLES ~r I~I.Atit), and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ; r~~rded in the Of~ice of the Circuit Court in and for St. Lucie County, Florida, in Plat Aook 16, page 1:1A throu~;h IJ. ~ ~ , , - - ~ _ - . ....Wz:"