HomeMy WebLinkAbout0649 - - ~vl O R T G A~ E 2•53~~'7 `
~l ~ U L_~~__~} l4 R$~ B a R G E1~~__~r~ ~~.'Ti4 ~~s tall3e R G~~„
;i:~ n,,~rt~:~;,~~r, i+i co+i~iderati~n of the principal ;um :pecihed in ±he promis-c~r}• note hereafier descri!~~ci, re-
~~i<<~il t~•~~ti: OL'TnOOR RESORTS OF :~~IEF.ICa. I\C., a corporation or~.inizecl an~l exi~tiag under the l.s:~•s
~~c ii~~~ ~t:~te of 'i'e~i~tiessee. the llortgagor, hereU~~ on thi~_.~~_cla}' uf S.EPTE/V[ ~ i~ 1~_~~ :
~,rt,::::e: t~? the ~Iort~<<gze the real propert~• in St. I.ucie Couzit~, Floricla, cies~ribed .:s:
Lot \u.~ that cee•taiii c~,ndumini!im kno«•n OUTD~~Ott
F.L•'SQnTS O ~IIERI(':~ AT \ETTLE~ ISLa\D. ,,s ~~-~~~-n b~• plat
recorc.ed i:~ the Ofiice of the Circ:iit C~urt in a;ul for St. Lucie Cou;tty-,
Floi•i~3a, in Plat Book t6. pa~e 1:1:~ throuoh lI.
T1ItS IS r1 PURCH.aSE .1i0\EY 110RTG:~GE
~ecurity for tha pa3 ment of the promissory note of ~rh~ch the follo«•iar is r. copy :
ins~allmer~t i'~lo~e a~d ~isc~~~~re S~o~z~n~n~
1~_,~60~_._OQ 5,,~,ps - St. Lucie Cou*~ty , Fiorida
p~~ument31Y
$tt~xe~ cu~b;ca~ noce ~ ~--~1 ~A 19~~
and cance~?~
F~~r ~'alue P.eceired. i. ~~e or either of us promi~e to pay to the orc~r ~of OL'TD00? P.E~ORT~ OF
_','.;l?f:tt'~, ItiC., P. O. Box 1!16, Jen;en Eeach, Ftor:ca, 33=~~7, or any o!her place a; tne ho'.der hereof may
~::~:;~n: te in .~-ritin~?, the sum ofTen Thousand Six Hundred & Ei~ht 00/100~ 10,b08.OQ nollars,
_:~;i: ~ti:il ~)~lil~ the'I'otal of Payments referred to in the Di~closure S~atemer.t ~4iow. ~vhic!~ includes a FI\?i\CE
~~E:.II:(~~ an the amount financed. payable in--`-96---------- eq~cal cor:s~cuti~e monthly installme.^.'ts of
,_110 ._50 each. and•.the first installment to become payable on the~da; o.- ~SC • ~
~ ~j, ~ ric? one s!ich ins*aliment to become due and pa}•able on the day of ~ach succeed:r.g month
~ .:r,til t~e a•hole of said indebtedness (Totai of Payments) i~ paid. In the e~•e~a: of prepa}•ment in ful! bti- ca~h
~ ~~-`ur~ the finat installment date. the unearned gortion of the FI\~i\Cr. CHARGE shall b~ r2ba~ed under
~ ~ i~til2 of 7S's. .
8
t In th2 erent of default in the due and punctual pa~ment of an~ ins*_a!im~nt on thi~ \ote for a oeriod of
~ ::~:rt_• (30) da~s, or if any statement, representation or t~•arraiity in any ap~:~cation fo-~ the cr~3ii e~i~encP~
tni~ Note is found to be untrue in any material respect, or in tre e~-er_t 'I ~E U\DEP.SIG~ED, Z~'ITHQLI
~ ~ I~~ YRIOR 1~'P,1 i TE\ CO~SE\T OF THE HOLDEi HERF.OF, SH~ILL SELL, E\'CUIIEEP. (E~CEPT
~ Y:!iOfiTGAGF «'HICH 1S SECtiP,iTY FOR THIS \'OTF,) Or O i~iEP,~t'ISE U~SPOSE Or OR E\•-
~
~ ~"~-'_i r 1?. OF-. CO~i:.ilT A\Y FRE:ICH OF' THE DIOF:TGAGE PER~II"' OP. SL~FFEP. A\'~ L?~.\ TG
~ :~.:~:;5'I' O~ T~iE RL~L YP.OPERTY PUP.CHASED BY THE UI~'DEP.SIG\Et7 A1D FI~TA:~CED TFIR~LGti
~ ".':T"r. CREDIT F.~'ID~.1CE~ BY T~IIS ~IOTE or in tr~ e~•ent of the inco-r_~~tarry, ins~l~er.c~ (h~:~•s~e~er
~ ;~;e:~r~cl) or ~-^.iln!'l1'a;.cy of an}one or mflrc of th~ ur.dar_~~ned, t~~~n the er:`:re rt*nair.ino ind2btpdI~PJJ ~'s:~n -
~ s'~.cli },ec~r:~e immecii~:tel; de:e and payab!e at th~ o,,~in?, of the hr_.ld:sr h ~r=_:,~ ~vithou!: demand, pre~~a~r;:en~
::~ti;.=~ o~ an~• kinc:. An}- failu:e of hol~ier to exercise said optio~ s~al; ~tot C0113tiLlltF a~:aiver of th2 r'sgi-zt
~ t., e:ercise thz same at ar?3• ather time.
~ Time is of the esspnce of th:s Note. In ~he e~•ent any- instatl:nent is r.~` psid n•hen du~ or ti~it~in ±~n
t; , ~ i,herzafter, th~ hol~er r.may collect, and the under,i~ned a~i-ez~ to p~1 a 1«~ char~2 on si~ch ins~a~lmen~ in
- .-:4<emot:nt equal to 5i<" of such installment or «hic'r:e•:er is les~, and in tY~~ e:•enz tni~ \ote is collected by .
i::~: r~r th: m,igh an attoi•ney at latiy or under ad~ ice the~•eo., the un:ler;i~ne~ ~~re~s -to pa;~ aL costs of colle~tion,
iL'+!~aP.;r reas~nab!~ attorn~p's fees and coui•t costs to the ertent per:~ritted i~~- Flc~rida lav:.
ThQ undersionecl and ali endorsers or other parties to this note jo:r_tI~- zr.d se~•eral;y t*_~nsfer. conre} and '
_ ;a~~r. 2o t'r,e ~io!der a su nci2nt amount of sucn home~'eacl or e~e;n~;ion a, rna~- he .:l!o~sed, includir.g sucn
_ ,'~,:,~?~fP~:Cl O: exemption aS 1T1aV be 5°t aPar~ IP. bankrun`c:, t0 j)tt} E311~ P.OfF' i<^. ~Ll~~, ~i'ltl2 21~ C~JStS Uf CO:lection~
<:y~ :~l un ,~~rehy 4ire~t an3~ trustee in k,ankruptcy hav:ng pc,==~~:ion of ~uch h~r.:::te<:ci or e~em~-.tion to de~iti•er to
- ~i~::?~r a suf`i;,iert amount of propert~ or n:oney sL` apart as ?:+empt ?a _r.•aS th~ 'sndsbtedn2ss e~id~nced ,
:•:-e~;, vr <^.nc• re-~e:i•al thereof, and do hereb~-, joiiitl~• a;:~ ;~~~erctlic-. rppo:rt t%:~ Hnlc?er _i;e at~orney in ;act for ~
;~:3 .:.~i~ tcz~~m. tu cl~~im ai:,• and ~:11 home,te~icl exempti~i:s aii~~~:ecl b;- !a;s. ~1d
:7 .
~ fsr.;~ rnoi•t~*ate foi• the ~e ~~ity ui thc zfore~aic? ~n~l~:hted~:=_-- i; r:.~'.::. _~l 0~'"tD~~Fti R~'SOI:TS OF
_ :;:::i~ I\'C., ~r~ L~~t ?~u~3.~j~n ~t~.:t rer:.:in Conc?_~::.ii~i~mi l.no::~n OL'-:)p~~:; F:E~~FITS :~I' \ETTLES
1?{t~ !1i1 SIl}" 1[ll~i!'Q~P_I:?f_'TIiC~ fl.l"tLi1'e?:i 02' ?.ft'.~.C ..:~i;il2'CfI ~):~r;~~:'Ij' c(~'~~'-~ tllE,'?"PGTi~ R~ 1~?O~S'fl '~i:lt TC-
;:i tn~, O:i~c~, ~i tf~e Cir~uiL Court in ai~;l f~~r St. i,nri~~ ('a~:~t}~, ?=tr~:-_r_. jn I'1N. Buu:: 16. pa~e 1:1A
~-,y,= •t, l.i. j L 1N PAYNENT Of ~AXES
RECEIVEO S~~-~~._~,.c~~,~ F-• 'L PF:O°ER1Y,
~ o ~ ~ - : },~~5'~ ~9~~~„~ , : 224 PACE fi~g ~
~_j9_~j,~,p~ ~ G
- f,~.:..z ~;n~,+~ ~ - - - ~ ~
CIERK CINCUIT CAURT. S~. LW:tE COt F1~
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