HomeMy WebLinkAbout2025 s~ ~ _ _ M_4 R T G A G~ 263022 ~
/ _ a b~~e1~. Af.kle~2.~~~ .~..a7 v~- F1• l~Frcr ~L'~A 's~Y3~
rhe rr.oi•t~~gor, in consideration of the principal sum specified in the promissory note hereafter described. re-
~~ri~•eci from OUTDOOR RESORTS OF AMERICA~ INC., a corporation organized and existing under the Laws
ot the State of Tennessee, the ~ortgagor, hereby on this day of ~u
~ u~ L , 19 ~3 ,
murtRages to the ~Iortgagee the real property in St. Lucie County, Florida, describe as:
Lot \'o~ ~ a- in that certain condominium kno~rn as OUTDOOR
RESO~TS OF AMERICA AT ~TETTLES ISLA:v'D. as shown by plat
recorded in the Oflice of the Circuit Court in and for St. Lucie County.
Florida, in Plat Book 16~ page l:l?~ through 1J. .
~ TH~S IS A PURCHASE iiO~JEY ;~IORTGAGE
r~.s security~ for the payment of the promissory note of ~vhich the following is a copy:
Inste~iment Note and Disclosure Statement
ti9 ~ 281 _ 2g St . Lucie County ~orida .
A.~ ~ a b f 191~
For Value Received, I, we or either of us promise to pay to the order of OUTDOOR RESORTS OF
:11~ERIC~1, I\TC.. P. O. Box 1116, Jensen Beach, Flor ida. 33457, or any other place as the holder hereof may
Nine thousand two hundred eighty-one 9~2g1.28
de•i~nate in ~vriting, the sum of ~~.a~~+~ ( ) Dollars.
this snm being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE
CHARGE on the amount financed. payable in --~96----- equal consecutive monthly installments of
~_~~~3----~-- each, and the first installment to~ become payable on the ~~t day of ~ c'1~ ~~~t ~
19~3 , and one such installment to become due and payable on thP dap of each succeeding month
until the whole of said indebtedness (Total of Payments} is paid. In the event of prepayment in full by cash =
~,eiore ine hna! installment date, the unearned portion of the FINANCE CHARGE shall be rebated under •
the 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
~ t h i rty (30) days, or if any statement, representation or warranty in any application for the credit evidenced
~ by this Note is found to be untrue in any material respect, or in the event THE UNDEBSIGNED~ WITHOUT -
~ THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL. ENCUMHEB (EXCEPT-
~ FOR AI~ Y MOBTGAGE WHICH 1S SECURI'I'Y FOR THIS NOTE) OB OTHER.WISE DISPOSE OF OR EN- -
~ CUi1BER OR CO?~ibiIT ANY BREACH OF THE biORTGAGE OR PERMtT OR SUFFEB ANY LIEN TO
~ E.l'IST Oti' THE REAL PROPERTY PURCHASED BY THE Ul~'DERSIGNED AND FINANCED THROUGIH r
THE CREDIT EVIDENCED BY THIS AIOTE or in the event of the incompetency. insolvency (howsoever '
~ evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then
dae shall become immediately due and payable at the option of the holder hereof without demand. presentment
or 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
~ days thereaiter, 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, whiche~er is less, and in the e~ent 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 fee~ 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 ~
~
~s 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
thP Hnl.der ~ s~s~~ie.^.t a...ou~t a~ pro~ierly or monep set apart as exempt to pay the indebtedness evidenced
~ h~:ehy, os any renewat thereof. and do hereby. jointly and severally, appoint the Holder the attorney in fact for
each of them, to claim ar;? and-aIl homestead exemptions allowed by law.
~ .
A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF
~ ~
~ A1~~ERICA, INC., on Lot No.~in that certain Condominium known aa OUTDOOR RESURTS AT NETTLES
4~
~ ISI,~I~D, and on any improvements. fixtures or after acquired property added thereon, as shown by plat re-
~~r~e~ in !he 0~~~ c; t::~ ~;.~~~:t w~rt i~~ and for ~'t. Lucie Lounty, Florida, in Plst Book 16, page l:lA
~ through 1J. _ ~
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