HomeMy WebLinkAbout0681 MORTG E 2:5~~i
~~~?s~ivsd'~ .
the mort~agoi•. in consideration of the principal sum specified in the promissory note hereafter described. re-
r~~i~•^~l from OUTDOOR RESORTS OF AMERICA. INC.. a corporation organize~ and existing under the Laws
~~i the State of Tennessee. the Diortgagor. hereby on this a9 day of ~~j~'~Bl~-, 19~,
moi•tga~e~ to the 1lortgagee the real property in St. Lucie County. Florida~ described as:
~~S Lot No. in that certain condominium kno~vn as OUTDOOA
RESORTS . OF AMERICA AT NETTLES ISLAND, as shown by plat
.A~~ ~,.;,,:,i nuc~ recorded in the Office of the Circuit Court in and for St. Lucie County.
a„~ ~anca?tie4 Florida, in Plat Book 16~ page 1:1A through 1J.
_ THIS IS A PUBCHASE MO~IEY MORTGAGE
:~s security for the payment of the promissory note of which the following is a copy:
Installment Note and Disclosure Statemenf
~9 , 281.28 St . Lucie County ~orida
~7~T ~f~C. ~9 19~
For Value Received, I, we or either of us promise to pay to the order of Oi3'TDOOR BESORTS OF
.»IERIGA, INC., P. 0. Box 1116, Jensen Beach, Flor ida, 33457, or any other place as the holder hereof may
Nine thousand two hundred eighty-one q~281.28
de~ignate in ~vriting, the sum of ( ) Dollars.
this sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE
' CHARGE on the amount financed. payable in -'-"-~~96--~~~ e9ua1 consecut~ monthly installments of
~ ~__96.68----~~~ each, and the first instaliment to become payable on the-L~
day of "
s
~ lE~._~, and one such installment to become due and payable on the ~ day of each succeeding month
~ ~~~ltil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
; ~~efore the final installment date, the unearned portion of the FINANCE CHA~GE shali be rebated under
~ the Rule of 78's.
<
~ In the ~e~ent of default in the due and punctual pay-ment of any installment on this Note for a period of
~ tti~irty (30) days. or if any statement, representation or warranty in any application for the credit evidenced
~ i:~~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, jVITHOUT
~ THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF~ SHALL SELL, ENCUMBER (EXCEPT
~ FOR ANY MORTGAGE WHICH IS SECURITY FOR THIS NOTE) OR OTHEftWISE DISPOSE OF OR EN-
~ CL'~iBER OR COMMIT ANY RREACH OF THE DiORTGAGE OR PER3~IIT OR. SUFFER ANY LIE~I TO
~ EXIST ON THE REAL PROPERTI' PURCHASED BY THE L'NDERSIG;~IED AND FINANCED THROUGH
~ THE CREDIT EYIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howscever
~ e~~idenced) or bankruptcy of anyone or mbr.e of the undersigned, 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 exercise•said option shall not constitute a waiver of the right
to exercise the same at any other time.
a
Time is of the essence of this Note. In the event. any installment is not paid whsr. due or svithin ter. ~
Y~ days thereafter~ the holder may collect, and the undersiRned agrees to pay a late charge on such installment in ;
an amount equal to 5% of such instaliment or ~5, whichever is less. and in the e~ent 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 eosts to the extent permitted by Florida law.
The undersigned and all endorsers or other parties to this note jointly and severaily transfer. con~ey and
xssign to the Holder a sufficient amount of such homestead or exemption as may be allowed, includir.g such
' 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 ~
- ~,~e Hu;uer a su~cien~ amount of pruperty ur money set apart as exempt to pay the indebtedness evidenced ~
hereby. or an3 renewal thereof~ and do hereby, jointly and se~•eraily, appoint the Holder the attorney in fact for~
each of them, to claim a~ and all homestead exemptions allowed by law. ~
~>i A~rst mortgage for the s urity of the aforesaid indebtedness is retained by OiJTD00R RESORTS OF
:111ERIG~., IIv'G., on I.ot tio 3~~n that certain Condominium known sa OUTDOOR RESORTS AT NETTLES
I~I,A\D, and o~: any improvements, fixtures or after acquired property added thereon, as shown by plat re-
. , „ , _
r` ..,'17'(~P;~ 7!1 ~}iP (~.~i~a n~ ~~n ~'irri~:~ (`r'._r? in Mnt~ fn.- C!. ~.....t~: L`:~_.:: rft 7~ ".v - a
v ~ u~ a~• a a~M aIW+• ?v~ ~Ia:~ l.ltf
throu~h 1J. . r:t 224 FALE • ~W > -i { - - '
Y
?~g~,y, -
z'~, _ _ ~
~ I ~ x~~:
~~r - -
T - f-^ ~ -s'
>t~ } -
,.~"+-r... ._.r , . . - X'i ~ .v~......v _