HomeMy WebLinkAbout0633 ' I 7~ V i\ ~ V~~ V Y
•r~t ~ C~ ~ r_ J~ , w -----8~~~_~(r'~~-/e~,l ~ i,.i,_~----_.
~ ~the m~~rt~,~,~Kor, in consideratio of the principal sum specified in the pm~t?s~ury note hereafter de~crihed. re-
c~~i~•e~i frum'OUTDOOR RESORTS OF' A~IERICA~ I`C., u c~,rporution ur~,~anized sin~ e~istin~; under the La~vs
uf the Stzte of Tennes~ee. the 1~Iartgagor, hereby on thi~.~3-day of~_~ l~J
murt~;a~;es to the llortgagee the real property in St. Lucie Cuunty. Florida, descri ed as: ~ ~
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l.ot 1\0.~'~'1~ ~ in that certain caidominium kno~r•n as OUTDOOR
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~ i 5335 RESORTS OF A~[ER[CA AT ti ETTLES iSLa\ D, as shown by plat ~
recorded in the Office uf the Circuit Court in and for St. Lucie C4unty, ,
Florida, in Plat Book 16. page l:la through 1J. _
• THIS IS A PURCHASE `IONEY 110RTG ~1GE
As security for the payment of the promissory note of which the following is a copy:
Installment Note and Disclosure Statement
7, 643 . 52 ' S t, Luc ie County , Florida
$ Dxumentary St~mpt ~
affixed or~;nal noh L ~ 19~,~
and cance;ted
For Value Received~ I. ~~e or either of us promise to pay to the order of 4LTTDOOR RESORTS OF
A~IERICA. INC.. P. O. Box 1116. Jensen Beach, Flor ida. 3345r or an other place as the holder hereof may
Seven thousand six•]~un~red t~orty-three ~ 643.52
designate in writing, the sum of ~-~~-.~2~-}en ) Dollars,
this sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE
CHARGE on the amount 6nanced~ payable in -------96"""~'~qua1 consecutive monthly installments of
c~ 79.62------~ each, and the first instaliment to become payable on thP day of Srrfe'I.i6Ps-
19~~, and one such installment to become due and payable on the day of each succeeding month
until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
before the fina! 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 pay~nent of any installment on this hote for a period of
thirt3 (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 UNDERSIG~tED, V4'IT~iOtT'T
THE PRIOR WRITTEN CONSEh^T OF THE HOLDER HEREOF, SHALL SELL. ENCUMBER (EXCEPT
F'OR A1~Y MORTGAGE WHICH 13 SECURITY FOB THIS NOTE) OR OTHER~VISE DISPOSE OF OR EN-
CU;~IBER OR COMMIT ANY BREACH OF THE biORTGAGE OR PERi~1IT OR SUFFE~t A~IY LIE\T TO
E~IST ON THE REAL PROPERTY PURCHASED BY THE UIVDERSIGi\'ED AI`TD FI~TA1~iCED THROUGH
TcIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency. insolvency (howsoever
evidenced) or bankruptcy of anyone or more of the un~ersigned, then the entire remaining indebtedness then
due 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 esercise said option shall not constitute a waiver of the right
~ to exercise the same at any other time.
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~ 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 charge on such installment in
~ an amount equal to 5rJ of such installment ar S5, ~vhichever is less, and in the event 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 fees and court costs to the extent permitted by Flarida law. .
~ The undersigned and all endorsers or other parties to this note jointZy and severally transfer, convey and
~ assign to the Holder a sufficient amount of such homestead or exemption as may be allowed. including such
~ homestead or exemption as may be set apart in hankruptcy, to pa~ this note in fuli, 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 sufficient amount of property or money set apart as exempt to pa3 the indebtedness evidenced
~ hereby, or any renewal thereof, and do hereby, jointly and severali}, appoint the~Holder the attorney in fact for
~ each of . them, to claim ai and all homestead exemptions allo«•ed by la~v.
A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF.
a
~ AtitER:GA, I:1C., on Lot No.~l.~..~m that certain CondQminium known as OUTDOOR RESORTS AT NETTLES
ISI.AID, dnd on any improvements, fixtures or after acquired property added thereon, as sho~vn b3• plat re-
~ cordeu in the Office of the Circuit Court in and for Sk. Luci~ County, Florida, in Plat Book 16, page 1:1A
~5}: throu~h 1J.
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~ - p1 PAYMENT OF tAXES
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' pUE 6H CUSS'C INTA~tGIBLF PfR~~~•. L
` PURSUANT TO CHAPIER 71-1.'•a. /?CVS vf 1~~?rn~~i,
Y~.+ RpGER POIiMS F~
CtERK CIRf.UIi GWRT, ST.
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