HomeMy WebLinkAbout2037 ~ M a R~zr G A G E 268a31
~ 6 ~
~ ~~r~~.~ s ~ , J
n~ ..r ~ ~v~~= ~~"n~~.~~- s ~ , ~i s
-t;~ niort~,agor, in consideration of the principal sum specified in the promi~sory note hereafter described. re-
i~-ed fr~~m OUTDOOR RESORTS OF A1~iERICA, INC., a corpor~ion organized and existing under the Laws
the State of Tenne~see. the •`iortgagor, hereby on this -s T_day of , 191~
r.~•~~•t~,a;;e, to the ~Iortgagee the real property in St. Lucie County. Florida, descri ed as:
Lot ~to ~ y7 ~!hat certain condominium kno~vn as OUTDOOR
RESORTS OF A~IERICA AT \ET'TLES ISLA\D, as shown by plat .
recurded in~the Office of the Circuit Court in and for St. Lucie County,
Florida, in Plat Book 16. page 1:1~ through 1J.
THIS IS A PURCH:ISE IIO~iEl' 110RTGAGE
:1: security for the payment of the promissory note of «hich the following is a copy:
instaliment Note and DisclosureSto~ement -
; 8,189 .40 ' ~ S t e Luc ie COUnty , Florida
~-~~-u~7'`" _S 19
For Value Recei~ed, I, we or either of us promise to pay to the order of OIJ'TDOOR RESORTS OF
:~tiiERICA, IhC.. P. O. Bos 1]El,gThe~ns€~ousatlc~l$ri~a,h3~~7~,eo~ a~?~~}~er~~~s the holder hereof may
y
,?~~~i~nate in «riting, the sum of &1~,p /i
n,, n_ ( 8~ 189 .40) Doilars,
~1}i~ ;um bein~ the Total of Payments referred to in the Disclosure Statement below. which includes a FIVANCE
t'ii ~RGE on the amount financed, payable in"-----~'60------ equal consecutive monthly installments of
' ~~,.,'~~aq-------each, and the fir,st installment to become payable on the~Lday of d C/~G ~
~ 1~ ~-3, and one such installment to become due and payable on the ~ S/ day of each succeeding month
' ~:=~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
E i,.~fore the final instaliment date, the unearned portion of the FI`ANCE CHA£.GE shall be rebated under
s *he Rule of 78's. -
[
~ In the event of default in the~ due and punctual pavrnent 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
i~y this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, `VITHOIJT
~ ~r H E PRIOR `VRITTEN CO~tSEVT OF THE HOL,DER HEREOF, SHALL SELL. ENCU1~iBER (EXCEPT
~ ~ OR Ar'Y MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHEBWISE DISPOSE OF OR E~-
~ t'[':~iBER OR COMr1IT ANY RREACH OF THE MORTG~?GE OR PER~IIT OR SUFFER ANY LIE\' TO
~
~ t~;~:IST O~T THE REAL PROPERTY PURCHASED BY THE UNDERSIG\'ED AND FINANCED THROUGH
'I'FIE CREDIT EVIDENCED BY THIS 1~'OTE or in the event of the incompetency, insolvency (howsoever
:~~~idenced) or bankruptcy of anyone or more of the undersigne~l, then the entire remaining. indebtedness then
~ c~t: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 shail nut 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
~ cla~~s thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such instaliment in
~ <r, amount equal to 5`~ of such instaliment or $5, whichecer is less, and in the event this Note is collected by
la«• or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, ;
ircludin~z reasonable attorney's fees and court costs to the extent permitted by Florida law. '
~i The undersigned and all endorsers or other parties to this note jointly and severally transfer. convey and _
~ assign to the Nolder a sufficient amount of such homestead or esemption 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 coliection,
~ ::nd do hereby direct any trustee in banl:ruptcy having possession of such homestead or exemption to deliver to
z;
~ ±he Holder a sufficient amount of pmperty or money set apart as exempt to pay the indebtedness e~idenced
hereby, or any renewal thereof, and do hereby, jointly and se~•erall,r•, appoint the Holder the attorney in fact f~r
~
~ each of them, to claim atc;• and all homestead exemptions allowed by law. -
~t
A~r~t mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF
~ :+;~IERIC~, INC., on Lot No.~1~~that certain Condominium knowrt ss OliTD00R RESORTS AT ~'ETTLES
~~LAtiD, ar.d ~n am• improvements,.. fixtures or after acquired property added thereon, as shown by plat re-
~-.~rded in t~e Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A
r::ro~s~h l.i. ~
~
3~~ G:~~ 2~o zo~
- ~~3
~ _ ~
~ : : ~ _
_ _ . _ - .e~~~