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HomeMy WebLinkAbout2017 b,~ M 0 R T G A~'E ~63~J16 r6 ~ ~~r~ c_~~ Sr 2~./r~, S%Aiyl~1 ~ mort~;a~;oi in ronsideration of the princiP~l sum specined in the pmmissory n hereafter described. re- .~~i~~ed fe-am OUTDOOR RESORTS OF A1~IERICA. I~'C., a corporation or~?anized and eristir.g under the Laws i the State of Tennessee, the 3lortgagor~ hereby on this_~T~~day of ~7~ , 19 ~~~~rt~lfies to the Alortgagee the real property in St. i.ucie Count~, Florida~ descri ed as: Lot ~'o. G~n that certain condominium kno~cn as OUTD008 r- ~ RESORTS OF AIVIERICA AT \ET'TI.ES ISLAI`'D, as shown by plat r recorded in the Of~ice of the Circuit Court in and for St. Lucie County. Flurida, in Plat Book 16, page 1:1A thi-ough 1J. ~ ~ THIS IS A PUBCHASE 110NEY 110RTGAGE :1~ ;ecuritS for the payment of the promissory note of ~vhich the foliowing is a copy: Instailment Not~e and Disciosure Statement - ; 8, 319 .60 St . Lucie County , Fiorida . G 19~ For Value Received. I. «e or either of us promise to pay to the order of OUTDOOR BESOBTS OF `IERICA, INC., P. O. Box 1116. Jensen Beach. Flor ida, 33457. or any other place as the holder hereof .may Eight thousand three hundred nineteen 8 319 6p <?e~i~nate in writing, the sum of r-~~ ( ' ' T Dollars, is sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FI~IANCE ------60------~qual consecutive monthly installments of ~~HARGE on the amount financed, payable in ~k ~ 138 .66------ each, and the first instaliment to become payable on thP ~'ST day of ~ 1~~. and one such installment to become due and payable on the ~ S T day of each succeeding month E :~~ltil the whole of said inaebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ i~r;ore the fina! installment date, the unearned portion of the FINANCE CHAR.GE shall be rebated under ` ? h e Rule of 78's. ~ ~ In the e~~ent 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 ~ t,;- this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT ~ THE PRIOR WRITTEh` GONSENT OF THE HOLDEB HEREOF, SHALL SELL. ENCUMBEft (EXCEPT I~ OR ANY MORTGAGE WHICH 1S SECURITY FOR THIS 1~•OTE) OR OTHEBWISE DISPOSE OF OR EN- ~ CL'~iBER OR COMMIT Ai~TY BREACH OF THE D'IORTGAGE OR PEftMIT Oft SUFFEB ANY LIEN TO E~IST ON THE REAL PROPERTY PURCHASED BY THE UI``DERSIGNED AND FINANCED THROUGH ~ THE CREDIT EVIDENCED BY THIS NOTE 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 ;liie shall become immediately due and payabte at the option of the holder hereof without demand, presentment ~ or r.otice 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 ~ days thereafter, the holder may collect. and the undersigned agrees to pay a late ^,harge on such instaliment in an amount equal to 5 Ji of such installment or $5, whichever is less, and in the event this Note is coliected by ~ law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collectio~, ~ inciuding reasonable attorney'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 ~ assign to the Holder a suflicient 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. 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 sufi'icient amount of property or money set apart as exempt to pay the indebtedness evidenced r' hereby, or any renewal thereof~ and do hereby~ jointly and severaily, appoint the Holder the attorney in fact for ~y ~s~ each of them, to claim ar;~ and all homestead exemptions allowed by law. ~ ~ A first mortgage for the secyrity of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF~ ~ .a1iERICA, INC., on Lot No•y~~n that certain Condominium known aa OUTDOOR RESORTS AT NETTLES ISLa`'D, ar_d on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~`y c~~rded in the Oftice of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16, page 1:1A through 1J. Et~L 2 ,~13 -l~3 '~,3~~~ ~ ;4 ~ ~ . . _ .