HomeMy WebLinkAbout0311 . . . 1v1 O ~ i ~ A G ~ 26v8 ~
t ~ j~ ~ ~S c. / r ~ ~ l'r M-~/~'~z ~LHl,9 /?/1. /r~- ~
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murt~~zs~or, in consideration oi the principal sum sp~.:::ied iR the prami~~ory note ~e~eafter ~escribed. re-
e~l frorn OVTDOOR RESORTS OF A~r1ERICA, Ir'C.. a coiporation or~anized and existing .under the Laws
~ t ne S*_:zta of Tennessez. the •l~Iortgagor, hereby on thi~ /
5~
~ day of ~~J S T , 13Z,
.~~•`~,s~,e, to the ,lIo~tgagee the real propertq in St. Luci~ County, Florida, de~cribed as:
Lot No in that certain co^cominiucn knotivn as OliTD00R
RE~ORTS OF AJIERICA AT \ET~'L~S ISL:~`D, as shown by piat
recc.~rded in~the Of~ce of the Circu:t C~.art :n a^d ior St. Lucie Cour.tq,
~'lorida, in P:at Booic 16. pa~e 1:1 ~ i^-ougn 13.
. THIS IS A PURCH_~SE lI0`EY .110RTG~GE
~~;urit5- fur the payment oi the promissory note of «h~c;e the fullo:vin~ is a copy:
l~sfia~Iment ~o~~ and ~isclosur~ Sta~e~n~~~ .
S~ 189 .40 ~ ' St e Lucie Cotmty , Florida
Documer:[a•y 5•,.,.::. • C:'-Zrr~ ~v~ ~ 19 7~
atiixed c<<h~
Fo~- ~'atu~'~Re`t~r't~+~d. I. «e or either of us promise to pay to t:~e o*_-c~er of OL'TDOOR RESORTS OF
.',"~'RIC~, ItiC.. P. O. Bux 11~6.c The~ns€r~ousai'1cT ~OOri~~'h`'un~7~e°~3 2~~c`~1~~;-'ri~.~Ie~ the holder nereof may
.,.;:~,:~ate in ~vriting, the sum of &~~O~lAO (8,189.40~ Dollars,
~~:s; ~t,m being the Total of Payments referred to in the Disc~osure Stz:emer.t below, which includes a FI~A`G~'
y installments of
;~;t ~RGE on Lhe amount financed. payable iri --'-~--60~----- equal consecuti~e monthl
; 1~ti L~9-------each, aad the fir~t installment to become payable on ~hp ~ 5~ day oi ~~C %
1--~-~
~ _Z. and one such installment to become due and payaole on thp 1,S % day of each succeeding month
; :::-:i! the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by ra.sh
~ ~iore the fina} installment date, the unearned portion of the FI`Ai~CE CHAF.GE shall be rebated ur.der
~ - ~-:uie of 78's. . •
~ In tne event of default in the~ due and punctual pay-~ent of any installment on this Note for a periad of
~ ;.-~:~ty (30) days, or if any statement, representation or Rarranty i:: any apptication for the credit evidenced
~ ~his ~ote is found to be untrue'in any material respect, or in the e~ent THE L'NDERSIG~iED~ ~ti'ITHOL'T
~ "i~~iE PRIOR ~VRITTEN CO`SE~iT OF THE HOLDER AEREOF, SH~LL SELL, E~~CU~IBER (ERCEPT
: O~ AI~'Y I~IORTGAGE tiVHICH 1S SECURI'I'Y FOFt THIS `OTE) OR OTHERtiirISE DISPOSr. OF OR E`T-
~
~ L"`~iBER OR COI~i~~IT ANY RREACH OF THE 1~10P.iG~GE OP. PEP.~IIT OR SL'FFER r1:~Y LIE\' TO
_l' I ST O?~ THE REAL PROPERTY- PURCHASED BY TN.E L'` DERSIG\ ED A\ D FI\ ANCED T~IP.OUGH
~ 'i ~IE CREDIT EVIDENCED BY THTS NOTE or in the event of the inco:npetency, insolvency (howsoever
~ id~nced) or bankruptcy of anyonz or more of the und~rioned, then the entire r2maining indebtecin~s fr.er
~ ~~.:e shall become immecliately due and pa3abie at the opti~~n oi th$ holder ~:ereof ~r•ithout demand, presentment
~ nutice of any k:nd. Ar.y failure of holder to exercise said op~ion shall no; constitute a~vaicer of the rig~:t
etercis2 the same at any other time.
~
~ Tirrce is of the essence of this Note. In the event any install:nent is not paid ~Yhen due or within ten .
~ c'_•~~•s thereafter, the holder may collect, and the undersio ?d agrees to pay a late charas on such installr:~ent in
~~n amount equal to 5~ of such installment or S~, tivhiche:er, is les~. and in the event this Note is co~lected by
i~::~ or throu~h an attorney at law or under advice thereoi, the undersi~ned a~rees to pay all costs of col'section,
`FM= i-:riudino reasonable attorney's fees and court costs to the extent pern:itted by Florid~ law.
A.~=
The undersigned and all endorsers or other parties ±o this note joir_tly ar.d severalty transfer, convzy and
~i~n to the Holder a sufficient amount of such homes`ead or exernption as maS be Zilowed, includi^g such
~~omestead or exemption as may be set apart in bankrupt~1, to pay thi~ note in full, :vith all costs of coltection,
~~E
~:y <.^d do hereby direct any trustee in ban::ruptcy having posses~ion of sucn homescead or eYemption to de!iver to
;v=~ `h~ Ho!~?er a suf'~cient arl~unt of proper~y or mone~ szt 2pa:t as exernp~ to pay tne indebtedness evidenced
:.er~hy. or any renewal thereof, and do hereby, jointly and se~•erally, appoint the Holder the attorney in fact for
~::c'~ of tnem, to claim ai:,T and all homestead exemptions a;low-ed by law•.
r~~
A first mortgage for the secu ' y of the aioresaid indebtednes~ is retair.ecl by OUTDOOR RESORTS ~F
~
_'~._.trRIC:~. II~'C., on Lot \o~~1Y-in that certain Cur.dor^ini~am known as OliTDOrJR P,ESORTS AT \'ETTLES
fr_.~
a~ ±:~:,~~7, on anf impro~~er.tents„_fixtures or after 2ccuired nropar~;~ added t~zreon, as shown by plat re-
~rdeu ;ci ths Of~ce of the Circuit Court in and for St_ Lucie Count~, Florida, in Plat Book 16. page 1:1A
rrn ti :*h I.T. . J.,
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