The URL can be used to link to this page

Home My WebLink About1206 ~r1~RTGAGE ! ~'7'` ~ 1 ~~SrL.L~- f ~f~1~_Q~s~ _ _ o_'~_ z'r~%--~ -f~~_.~[.~R,4 _ s ~ ~1;~~ m~~rt~;:~,,~~z•, in c~?~l:iderat+un of the principal sum :~ec~iiect in the pr~~r.i~;sary nute here.ifter ~lesc~•:1,~~1, i•~~- ~•.~ir~>.1 fc~~r.i nUTnOOR f:ESORTS OF ~IiERIG~, I\C., a c~~rporatinn os•:;aniaea .`P~l exi~ting u^der the Lr?ti~•, ~~i the State uf Teniie,~ez, the `iortgagor. hereby on thi~___~ --__.d~?y of_~_ ~ 1;) r~~urts;a~;t~, to the ~Iort~a~ee the real property in St. Lticie Cuunt}•, Ftoricla, describ as: I.ot 1'o~D.?-~1-~-~in that certain condominium kno~~•n ~s OUTDOOR , RESORTS OF A~tER[CA AT \ETTLES ISI.~1ti D, a~ show r, by piat ' recc~rded in the Offii~e of th2 Circai*_ C~~urt in ai~a for St. Lucie County. 26~4~?9 I~'lorida, in Plat R~wk 1G, pa~,~e 1:1 a through 1J. THIS IS A PURCH:ISE ~101EY ~IORTGAGE serurity for the payment ot the promissor~~ note of ~vhich the fultu~~ing is a copy: tns#allment Note and Disclosure Statement ~ ~ 4, 2R1 =?8 _ St. Lucie County . Florida t7~^u L_ 2 lg-?..~. For ~'alue Recei~•ed, I. ~ti•e or either of us promise to pay to the order of OUTDOOR RESORTS OF :~~IERICA. Ii\C.. P. O. Box 1116, Jensen Beach, Flor ida. 334~7. or any other place ~~~e0bplder hereof may c~•~~i~;nate in ~vriting. the sum ot~ji P t?~ucand tw4_ huAd~~_~9~~4ne 281. 28 ) Dollars, ti~is sum Ueing the Total of Payments referred to in the Disclosure Statement below. which include~ a FINA:~CE C'~i ~RGE on the amount financed. payable in 9F~ ~qual consecutive monthly instaliments of ~ i 96. 6$ each. and the first installment to become payable on the -7 day of_sF ~ T. ~ 1 ~"7s~.. and one such installment to become due and payable on the_~-day of each succeeding month ~intil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash },efore the fina! installment date, the unearned portion of the FINA1`'CE CHARGE shall be rebated under ihe Rule of 78's. ~ In the event uf default in the due and punctual pa~•ment of any installment on this Note for a period of ±}:irty~ (30) days. or if any statement, representation or warranty in any application for the credit evidenced t>~- thes Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED, tiVITHOUT TFiE PRIOR ~'~'RITTEN CONSE\T OF THE HOLDER HEREOF. SHALL SELL, ENCU~+iBER (EXCEPT F'OR ANY D10RTCAGE ~VHICH 1S SECURITY FOR THIS \'OTE) OR OTHERW'ISE DISPOSE OF OR E\'- ('ti tiiBER OR CO`Il1IT ANY BREACH OF THE I~iORTGAGE OR PERIIIT OR SliFFER ANY LIE1~T TO ~:.1"IST O'_V' THE REAL PROPERTY PURCHASED BY THE L'\DERSIGIvTED AND FI~AI`CED THROL'GH TE~E CREDIT EVIDEi~CED BY THIS NOTE or in the e~ent of the incompetency. insolvency (howsoever e~•idenced) or bankruptc3~ of anyone or more of the undersigned, then the entire remaining indebtedness then ci~ie shall become immediately due and payable at the option of the holder hereoi without demand, presentment ~~r notice of any kind. Any failure of holder to esercise said optior. shall not constitute a waiver of the right ' to exercise the same at any other time. _ i ` Time is of the essence of this I~ote. In the e~ent any instatlment is not paid when due or within ten i da3•s thereafter, the holder may collect, and the undersigned abree~ to pay a late charge on such installmer_t in ' •~n amount equal to 5`y~ of such instalir.~ent or ~vhichever is less, and in the event this Note is collected by ~ la~v or through an attorney at law or under ad~•ice thereof, the undersigned agrees to pay all costs of collection, ~ inc!uding reasonable attorney's fee3 and court costs to the exte~ermitteci by F'lorida la~v. The undersigned and all endorsers or other parties to this note jointly and severally transfer. convey ar.d ~ ~~ssign to the Holder a sufficient amount of such homestead or exemption as may be altowe3, including such homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection. and do hereby direct any trustee in bankruptcy having po~session of such homestead or esemption to deliver tn the Holder a sufficier.t amount of property or money set apart as exempt to pay the indebtedness evidenced hereby. or any renewal thereof, and do hereby~ jointly and sererally, appoint the Holder the attorney in fact for ~ each of them. to claim ai:~~ and all homestead exemptions ailo~red by- la~r•. ~ A first mortgage for the secu ' y of the aforesaid indebtedne~s is retained by OiFTDOOR RESORTS OF :11IF.RICA. IIv'C., on Lot No~~~that certain Condominium known ss OL'TDOOR RESORTS AT ~'ETTLES~ ~ 1.=,[,A~D, and on any improvements, fixtures or after acquired prap2rty added thereon, a.s shown by plat rs- ~ r~~r~ied in the Office of the Circuit Court in and for St. Lucie Count3, Florida, in Flat Book 16, paoe 1:1A ~ ±hrou~h 1J. ~ ~ ~i - RECEiYED s r IN PAYIAENT OF TI~S DUE ON CIASS 'C' ~'i?MIGIdIE ~EItSONAI PROrERiy, pl1RSUANT TO C:~R: s'~ 71-131. ACTS OF 1l11~ /J Ft(:.:E~ POITRAS CLERK CIRCUIi WURT, Sf, lU(:?E 00., fUl " ~ u° ~ , _ c ; ~ - - ~ ~k ~au~ ~ F~ ~ p1~ z0 ~~~'43 . _ _ . ~v' , a i ` _ ~ j ~4: _ :