HomeMy WebLinkAbout0665 ~ IN PAVMENi OF tN~ES
R~ ~ 'C IIITANGtOIF PERSOtil~l. PROPEitiY.~,,!yJ . '
i0 11•134. ~?CTS Of 191L-/,` - ~ - - - -
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CtfRK CIRCUIT OOQHT. Si. lUC1E C0, f~,1. .~~C~~A
,MORT AGE ~ J
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tha mortgagor. in consideration of the principal sum specified in the promissory note hereafter described, re~-
.•ei~~ed from OUTDOOR RESORTS OF AMERICA. INC., a corpo tion organ and existing under the Lawa
~~f the State of Tennessee, the Mortgagor, hereby on thi~~day of ~Q~~~ , 19~,
rt~ortgages to the blortgagee the real property in St. Lucie County, Florida, described as: •
Lot No in that certain condominium known as OUTDOO~t
RESORTS O ADSERICA AT NETTLES ISLAND, as shown by plat
recorded in the Of~'ice of the Circuit Court in and for St. Lucie County.
Florida~ in Plat Book 16, page 1:1A through ~ 1J.
THIS IS A PU~tCHASE 1410NEY MOItTGAGE u~~~ :-'Y ''a"'c:
' aifunl ~,~t.~-=t ~ete
~s security for the payment of the pmmissory note of which the following is a copy: ~~~~r~tr~~
Instaltment Note ond Disclosure Statement :
~ 8, 505.00 St. Lucie County ~orids
Y =19~
For Value Received~ I, we or either of us promise to pay to the order of OUTDOOR RESOBTS OF
:~~~ERICA, INC., P. O. Box 1116. Jensen 'Beach, Flor ida. 33467~ or any other lace aa the holder hereof may
Eight thousand five hundred and ~ive g,505.00
de~ignate in writing. the sum of ( ) Dollars,
this sum being the Total of Payments referred to in the Disclosure Sta ement below~ which includes a FINANCE
CHARGE on the amount financed. payable in. -60- equal consecuti~
onthly instaUments of
~ 141. 7 5-- each, and the first installment to become payable on t~ day o~~~'V~'~ ~
19 , and one such installment to become due and payable on th day of each succeed~ng month
until the whole of said ~ndebtedness (Total of Payments) is paid. In the event of prepayment in fuU by cash
!~efore the final installment date, the unearned portion of the FINANCE CHABGE shall be rebated under
the Rule of ?8's.
In the event of default in the due and punctual payment 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
; t~y this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WIT~iOUT
; THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT
~'OR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
~ CL'~iBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT Oit SUFFER ANY LIEN TO
~ E~IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
s 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
c due shall become immediately due and payable at the option of the holder hereof without demand. pregentment
~ 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 thereafter. 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. whichever is less~ and in. the event this Note is collected by
t~•y ~r ±1~;.~.. h « ' •
~ ,.g.. a..~o...e;; at •aw ~r ur~ucr a3vicr tnereoi, ine undersigned agrees to pa~ all costs of collection,
inciuding reasonable attorney's fees 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
assign to the Holder a suflicient amount of such homestead or exemption as rr~ay be allowed, including such
~r homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with alt costs of collection,
- and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to
a'~ the Holder a sufticient 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 ail hn~ectPad P~r_o_m__~,+ti^*ig ~i!~..s•Q.~ ti~ `
A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR BESORTS OF
~IIER:CA, INC., on Lot No.~~~n that certain Condominium known as OLTTDOOR AESORTS AT NETTLES
ISLA~D, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re-
z: curded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 6, page 1:1A
through 1J. ~i
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