HomeMy WebLinkAbout0291 ~~.y,.~ M O R T G A G E
tt~3~ ~ w• PS o o~~, , ti C/i L.~ b~ ~ l. ~~o ~ h ~Nrs w:~
n~ort~*aKor, in consideration of the principal sum specified in the promissor3 note hereafter described. re-
i~-~ci frum OL'TDOOR RESORTS OF AbIERICA. I~C., a corporation organized and existing under the Laws
r cS~ic. Y
~~i the State of Tennessee, tiie ~Mortgagor, hereby or. this~s daS of , 19_~,
r.:~~~•t~nges to the :~Iortgagee the real property in S.. Lucie County. F'lorida, described as: .
Lot No. ~ in that certain condominium known as OL3'TDOOR
RESORTS O Ab1ERICA AT \ET'TLES ISLA~iD. as sl:own by plat
recorded in ~the Otfice of the Circuit Court in and for St. Lucie County.
~ Florida, in Plat Book 16, page 1:1~ through 1J. .
~ . THI3 IS A PURCHASE ~IO~EY ~10RTGAGE %
,ecuritS fol~ the payment of the promissory note of n hich the following is a copy :
Instatlment Note and Disclosure Statement
8 189 .40 ~ St . Luc ie County _ ~orida
~
, ~ . ~ _ 19~
~o`r`f ~a"I'ue Received, I, ~ve or either of us prom ise to pay to the order of OUTDOOR RESORTS OF
:~~IERIC~, INC., P. O. Box 11El,gThe~ns€~ousatf~l~ri~a'h~ti~~t~~ 8~~g~1~~~~'!~ the holder hereof may
~!<<ifinate in ~vriting, the sum of S~1EA~1~I1fI.-- ($a189.40) Dollars,
~i~i, sum being the Total of Payments refened to in the Disclosure Statement below. which includes a FINANGE
equal consecutive monthly installments of
; ~'FI:IRGE on the amount financed, payable in"~------60------
~ ~~(~_!~9_~--_each, and the first installment to become payable on the % 3~ day of ~ e T ,
k ~
~ 1~i and one such installment to become due and payable on the ~ S~ day of each succeeding month
~ ~;n_ii the ~vhole of said indebtednesa (Total of Payments) is paid. In the event of prepayment in full. by cash
~ i~~~fore the final installment date. the unearned portion of the FI~AI`CE CHAr.GE shall be rebated under
~ t%; e Rule of 78's.
~ In the event of default in the due and punctual pay-ment of any installment on this tiote for a period of
~ tt~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced
~ t;ti~ this Iv'ote is found to be unttue in any material respect, or in the event THE UNDERSIGNED~ WITHOUT
~ 'I'fIE PRIOR ~YRITTEN CO1~tSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBE~t (EXCEPT
~ FUR ANY ~'IORTGAGE WHICH 13 SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
~ (`U:~IBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PER~iIT OR SUFFER ANY LIEN TO
r..l"IST 0~1 THE REAL PROPERTY PURCHASED BY THE UNDERSIGtiED AND FI:VAI3CED THROUGH
~ 'i ftE CREDIT EVIDE\'CED BY THIS 1\OTE 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
~ ciue shall become immediately due and payable at the option
ofthe holder hereof without demar.d. presentment
~
~ ~~r notice of any kind. Any faiture of holder to exercise said option shall not constitute a waiver of the right
~ tn exercise the same at any other time.
~v~ Time is of the essence of this I~Tote. In the event any installment is not paid when due or within ten
` da~ s thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in
= an amount equal to 5~~ of such installment or $5, ~vhichecer is less, and in the event this Note is collected by
= la~v or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection,
including reasonable ~ttorney's fees and court costs to the extent permitted by Florida law.
The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and
as~ign to the Holder a suPficient amount of such homestead or exemption as may be allowed, including such
~ homestead or exemption as may be set apart in bankruptcy, to pay. this note in full. ~vith all cos~s of collection,
= and do hereby direct any trustee in bankruptcy having posse~sion of such homestead or exemption to deliver to
the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness e~ idenced
hereby, or any renewal thereof, and do hereby, jointly and severally, appoint the Hoider the attorney in fact :or
1:.;'~7
~-=;t each of them. to daim ar;~ and all homestead exemptions allowed by law.
A first mortga.ge for the secu ~ty of the aforesaid indebtedness is retained by OUTDOOR RE~~7RT~ OF ~
:~~IERICA, INC., on Lot No.~/~39~ that certain Condominium known sa OUTDOOR RESORTS A'r' ;~'ET:LES
Y~
I~LAND, and on any improvements, fixtures or after acquired property added thereon, as showr, by p)~t r~-
~~1rde;1 in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A
~ .
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