HomeMy WebLinkAbout2053 b -qb,,~. MORTGAGE 2~~,~~
'3~ ~ ; Gu2 n& Catherir~ L Guz~ (his wife )
the moi•t~;a~oi•. in consideration of the principal sum specified in the promissory note hereafter described. re-
~•t•i~•ed from OUTDOOR RESORTS OF AMERICA, INC., a corporation organized and existing under the Laws
~~f the State of Tennessee, the Mortgagor, hereby on this-_12~Lday of Au_~ st _ _ 19~~,
m~n•tga~es to the r~ortgagee the real property in St. Lucie Co~mty. Florida. described as:
• Lot No.1Q9.8~II_in that certain condominium known as OUTDOOR
RESOBTS OF AMERICA AT rETTLES ISLAND, as shown by plat
~ recorded in the OtT'ice of the Circuit Court in and for St. Lucie County,
Florida, in Plat Book 16, page l:lA through 1J. .
THIS IS A PURCHASE MOIVEY MORTGAGE ,
a~ security for the payment of the promissory note of which the following is a copy:
Instoliment Note and Disciosure Stotement
~ 12. 480. 00 St Lucie GoLty , Florida
August 12, lg 73
For Value Received. I, ~•e or either of us promise to pay to the order of OUTDOOR It~SORTS -
:~1IERICA. INC., P. O. Box 1116, Jensen Beach. Flor ida, 33457, ~}b8ther place as the holder hereof may
, 7~relve thousand _ four _ hundrd eighty & n2, 480. OU Dollars.
d~v~,nate ~n ~ti•r~ting. the sum of _ _ -
t}~is sum Uein~* the Total of Payments referred to in the Disclosure Statement below. which includes a FINANGE
('FIARGE on the amount financed, payable in -96- equal consecutive monthly installments of
' ~ 1~, 0~_--- each, and the first installment to become payable on the lst day of
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19 73 , and one such installment to become due and payable on the- lst day of each succeeding month -
~ u,itil the whole of said indebtedness (Totai of Payments) is paid. In the event of prepayment in full by cash
; i~eiore ine i~nai ;nstallment date, the unearned portion of the FIIrTANCE CHAAGE shall be rebated under
j the 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
~ tt~irty (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
~ 'I'HE PRIOR WRITTEN CONSEhT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBER (EXCEPT
~ F OR ANY MORTGAGE R'HICH IS SECURITY FOft~ THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
~ CUMBER OR COMbiIT ANY RREACH OF THE MORTGAGE OR PERMIT OB SUFFEft ANY LIEI3 TO
~ EYtST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED 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
~ .iue 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 esercise 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 1`'ote. In the event any installment is not paid when due or within ten
days thereafter, the holder may collect, and the undersiKned agrees to pay a late charge on such installment in
an amount equal to 5 i~ of such installment or $5, whiche~•er is less, and in the event this Note is collecte~ by
4; law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection,
including reasonable attorney's fees and court costs to the extent permitted by Florida law.
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t The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and
= assign to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such
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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 suflicient amount of property or money set apart as exempt to pay the indebtedness evidenced
hereby, or any renewal thereof~ and do hereby. jointly and severally, appoint the Holder the attorney in fact for
~ each of them, to claim ar~~ and all homestead exemptions allo«•ed by law.
~i A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR BESORTS OF
~
r; AMERICA, INC., on Lot No1098 ~i~ that certain Condominium known aa OUTDOOR RESOftTS AT NE'ITLES
ISLAND, and on any improvements, fixtures or after acyuired property added thereon, as shown by plat re-
corded in the Oflice of the Circuit Court in and for St. I.ucie Coup~Y F'1 rida, i 1 t Book 16,- page 1:1A
w:; throu~h 1J. Ei~l ~1i~7 r,a r,
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