HomeMy WebLinkAbout0307 t ~ 26v83],.
~ MOR~TGAGE~~
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; i~•• lllt~l't~T,1ti;OC, in consideration of the principal sum specified in the promissory note hereafter described. re-
~~~i~~~d fr~~m OL,'TDOOR RESORTS OF AbIERICA, I~C., a corporation organized and existing under the Laws
th~ State ~f Tennessee. the hlortgagor, hereby on this~,~~day of~'1-~--z~~~-Y=~'~ 19
r.~~ ~:•t~~c~~;e, to the ~Iurtgagee the real pro ty in St. Lucie County. Florida, des irc
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d~ as: ~
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Lot No. ~~-~n that certain condominium known as OUTDOOR
RESORTS OF AI~IERICA AT \ETTI.ES 1SLAtiD, as shown by plat
recorded in the Ot~ice of the Circuit Court in and for St. Lucie County.
Florida, in Piat Book 16. page 1:1A through 1J.
THIS IS A PURCHASE 1IOrEY ~IORTGAGE
::ecurity for the payment of the promis~ory note of which the following is a eopy:
Installment Note and Disclosure Statement
~ .9,359 .40 St. Lucie CountY , Florida
- Documer~ary S+a~*,,s f - - I9~~ -
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For Val~u~ `'~te~~ed. I, we or either of us prom ise to pay to the order of OUTDOOR RESORTS OF
:~~IERIC~1. INC., P. O. Box 1116. densen'Beach. Florida, 33457, or any other place as the holder hereof may
Nine thousand three hundred fifty-nine,q 359.40
i~~~i~,~nate in writing. the sum of r~}e~- l' ~ ) Dollars.
,<<~i~ :um being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE
~~~i~RGE on the amount financed. payable i~-~--~--b~"---~"-equal consecutive monthly installments of
~_1~~ 99-----~ each, and the first installment to become payable on thp day of G~ r~~~~~~
_ /
19 and one such installmeeet to beeome due and payxble on the day of each succceding moirth
; ~:~~til the ~vhole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
` ~.-i~.re the final installment date, the unearned portion of the FI~TANCE CHARGE shall be rebsted under
k t h e Rule of 78's.
~ In the event of default in the due and punctual payment of any installment on this Note for a period of
~ thirty (30) days, or if any statement, representation or warranty in any application for the credit evidenced
~ this Note is found to be untrue in any material respect, or in the event THE tJNDERSIGNED~ WITHOUT
5 T~iE PRIOR ~VRITTEN CONSENT O~ THE HOLDER HEREOF. SHALL SELL. ENCUMBER (EXCEPT
~ F~IR AhTY MORTCAGE WHICH 1S SECURITY FOR THIS vOTE) OR OTHERWISE DISPOSE OF OR EN-
~ ('U~IBER OR COMMIT ANY BREACH OF THE 11~SORTGAGE OR PERMIT OA SUFFE~t ANY LIEN TO
EXIST ON THE REAL PftOPERTY PURCHASED BY THE UIv'DERSIGNED AND FINANCED THROUGIi
"I'IIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever
~ c•~ idenced) or bankruptcy of anyone or more of the undersigned, then th~ entire remaining indebtedness then
~ cl~,e shall become immediately due and payable at the option of the holder hereof without demand, presentment
` ~,r notice of any kind. Any failure of holder to exercise said option shall 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 installment is not paid when due or within ten
l~
~ days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such insta~lment in
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an amount equal to 5 J of such installment or $5, whichever is less. and in the event this Note is collected by
law or through an attorney at law or under advice thereof. the undersigned agrees to pay all costs of collection,
including reasonable attorney's fees and court rnsts to the extent permitted by Florida law.
The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and
~3
= assign to the Holder a suH'icient 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 hote in full, with all costs of collection,
and do hereby direct any trustee in bankruptcy having possession 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 evidenced
hereby, or any renewal thereof, and do hereby, jointly and se~-erally, appoint the Holder the attorney in fact for
.r~~~>: each of tl~em, to claim a~ and all homestead exemptions allo«•ed by law•. - •
~
~ A first mortgage for the secu~y of the aforesaid indebtedness is retained b}~ OL"TDOOR RESORTS OF
~ ~ 7 -y.
_1 titERICA, INC., on Lot No. ~ h,~{t? that certain Condominium known sa OUTDOOR RESORTS AT NETTLES
I~I.:~\D, and on any improvements. fixtures or after acquired property added thereon~ as shown by plat re-
c~>rded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A
throu~;h 1J.
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