HomeMy WebLinkAbout0235 C, ~ - . . . : ~ ,
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; ~ - NIORTGAGE
~ _1_~r_ ~!S~~Ar~ _ _b?~ _s_ 1~1t~'E~
AoN l~_. /t!~ T_~- ~a~,~~_~_~[~'RR~ . ~ ~ -
ri~r m~~rt~,r.t~,<<~r. in cunsideration of~he principal sum speci(ied in the promi~~or~• note hereafter cle,cril,ed. re-
~~~•i~-ed ir~~m (1[:'I'I)(lOR RF.SnRTS OF a:11EFI('A, INC., a corporation org:llll'LE'(~ and exi,ting under the I.a«•s
~~f th~~ ~t.ite uf 1'emie,•ee, the 141ortgagar, hei•eU~• o~i thi.. ~---dr~~• c~f .~R~ 19_?--~,
n~~~rt~~a~,•e~ tu the ~Ioe-t~,•ugee the real propert~• in St. Lucie Count~-, Florida, descril,eci :~s:
Lot \'o.~ . in that cert~iin r~~nduminium ICllu\CIl as OUTI)OOR
RESORTS OF A1iF.Ri('A AT \ETTI.F.S ISI.A\'Il, u~ ,ho~~~n t,~• plat
rec~n•deci in the Ofiice of t.he Circuit ('ow•t in and for St. Lucie County,
Flurida, in Plat Book 16, page 1:1A throu~,•h 1J. '
THiS IS A PURCHr1SE ~IONEY ~fOR'1'(::1(:E .
~e~•~n•it~• f~~r the p~i~•ment of the promi~sor~~ note of ~rhich the folto~~•in~; is a copl':
Installment Note and Disclosure Statement
; 14, 039.40_____ _ St . Luci~ CountX.,___, Florida
~~:i,~-°_~~-~, :~~3 19~,3
~~~u;, ~'ulue Recei~•ed, t, ~~•e or either ~f u~ prumi~e tu pay to the order of OUTDOOR RESORTS OF
:1JI~:I.1t'a, I\('., P. O. Bo~ 1116, Jensen Reach, Florida, 33457, or an~ other place ~is the holder hereof may
~i~,~n:?te in ~.•ritin~*, the sum of_Fourteen ±housand, thir~_nine &_40/100 ~14, 039.4~ Dollars,
• i:i: ~um i~ein~.? the T~tal of Payments referred to i~? the 1~i.clc?sure St.atement helow, which includes a FINANCE
< < f1~1RGF, on the amoimt financed, pa~•able. i~- 60___ equal consecuti~ monthly installments of
~ - 233. 99 _each, and the first installment to become pa~~al,le- on the~_~ day of~tJLLJ S~' ,
i'.+ 73. and one such in~tallment to become due and pa~•able on the_.i~Q ~__da~ of each succeedin~ month
~ ,?:til the ~+~h~~le ~f said indebtedness (Total of Payments) is paid. ln the erent of prepayment in full by ca.sh
~ ~:~~?~~rr the tinal instaliment date, the unearned portion of the FI\AI~CE CHARGE shall be rebated under
~ ?hF> l~ule of 78'..
~ In the e~•ent ~f default in the due and punct~~al pa~ment of any installment. on this Note for a period of
~ t<iirt~• (30) da~•s, or if anp statement, r~epr~entation or ~carranty in any application for the eredit evidenced
~ this \~te is found to be untrue in an~~ material respect, or in the e~~ent THE UNDERSIGNED, ~VITHOUT
~ "I~HE PRIOR «'RITTE\ CONSENT O~ T1iE ~inLDER HEREOF', SHALL SELL, ENCUMBER (EXCEPT
~ I~ ~tR A\1' 1110RTGAGE ~t'HICH 1S SF.('URITY FOR T~i1S :~OTE) OR OTHER~VISE DISPOSE OF OR EN-
~ ~~C'~tRER OR C01iMIT A:~Y RREA('H OF THE \10RTGAGE OR PF.R1iIT OR SUFFER ANY LIEN TO
i~:.l"IST O\' THE REAL PROPF.RTl' PL'RCHASED BY THE ti;~DERSIG~ED A\TD FINANGED THROUGH
"~EiF. ('REI~IT E~'II)ENCED RY THIS 10TE or in the e~~ent of the incompetency, insolvency (howsoever
~ ~•~~idenced) or bankruptc}• of anyone or more of the undersigned, then the entire remaining indebtedness then
~ ~iue shall become immediately due and pa~•able at the opti~?n of the holder hereof ~~~iihout demand, presentment
~~r notice of an~~ kind. Any failure of holder to etierci~e ~aid option shall not constitute a r~ai~•er of the right
~ exercise the same at any other time.
~ Time is of the essence of this tiute. In the e~ent an~• installment is n~t paid ~~hen due or within ten
~ia~•s thereafter, the holder mar collect, and the undersigned ak•ree~ tc~ pay~ a late char~;e on such instaliment in
~ uii amount equal to 5' ~ of such installnient or $5. «'hichc~~-er is le~s, and in the e~•ent this ;~Tote is collected by
1.~«• r~r throu~;h an attorney at law or under advice thereuf, the under:i~ned agree~ to pay~ all costs of collection,
including reasonable attorney's fees anci court costs to the extent permitted h~• Florida la~s.
s`~
The undersigned and all end~rsers or other partie. tn thi~ note i~intf~• and se~•erall~ transfer, convey and
a:•i~,rn to the Nc?]der a sufficient amount of such homestead or e~emption a~ ma~• ~?e allowed, ~ncludinfi such
~ h~~mestead or e~emption as may be set apart in bankruptc~~, tv pa~• thi~ n~~te in full, ~cith all costs of collection,
- and d~? hereh~~ direct any trustee in bankt•uptcy ha~~ing p~,~tie~~i~m ~f such h~?mestead or exemption to deli~er to
the Hulder a sufTicient amount of propertt• or money set apart as e~empt t~? p<«- the indebtedne~s e~~idenced
herei,t•, ~~r an~• rene~ral thereof, and do herel;~•, j~intl~~ and .c~~-er.~ll~•, appnint the ~iolder the attor~ey in fact for
g;t:
~ each uf them, to claim ar:~~ and all homestead exemption, xll~~«-ed h~• la~~-.
A first mort~?a~e for the security of the aforesaid indei,tedn~~~~ i~ retained i~~• OliTI~OR RESORTS OF
:~~IH:H(('A, Ii`'C., on I.ot \'o.~~'~in that certain Condominium kn~wn sa OL'TI)nOR RESURTS AT \'F,TTLES
l~t.:~\i), and on an~• improvements, fixtures or after acquired pr~pertS• added thereon, a. shown by plat re-
- ~~~rded in the O(iice of the Circuit ('ourt in and for St. Lucie ('~?unt}•, Florida, in Plat Book 16, page 1:1A
throu~,•h iJ.
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