HomeMy WebLinkAbout0855 ~ ' ~ 2 i 9~g.3 . , . . ; . . :
MORTGAGE' ~ ' ~~~/Zs s~' ~y3
1~.11~~_~f_!~o_~J-+-1~L,-~~,y a_ ~e~~d~d ~~~Fe~_It~~, e~~,~ f/a . 3303 c~ .
-
th~~ murt~,~a~?~n•. in consideration of the principal sum specified in the promi~sor~• note hereafter desc~•ibed. r~ _
~•ri~•e~l fiY?m OCTI)OOR RF.SORTS OH' ~MERICA. I\rC., a eorporatim~ or~.!c`llll'LC(~ ancl exi.ting under the I.uHS -
~=C th~~ ~tut< <~f Tenne.see, the Diortgagor, hereby on thi~__~___da~• of~~~!eiLi~~~ 19~ , -
m~~rt~.?.i~,?e. t~~ the ~Iortgagee the real pi~perty in St.--~ucie Count~~, Florida, described as: ~
I.ot :~o. ~jy-~in that certain condominium krn,~~•n as OUTDOOR
RESORTS OF ADiERICA AT \'F.TTI.ES ISLA\'D, a, sho«~n by plat
recordecl in the Oflice of the Circuit Court in and for St. I.ucie Cowity,
Florida, in Plat Book 16, page 1:1A throuKh 1J. RF~~ _
THIS IS A PURCHASE ~lOr EY ~fORT(:AI:E c1~~~-~
~~Mt ~ ~k~
1kG I~ P'~Y.~A
a~ ,ecurit~• foi• the pa~•ment c?f the promissory nute of ~~•hich the follon•ing is a cop~• : l0 CI~p;E~ ~~8~ pEq~~~T OF T,~~
~
Installment Note ond Disclosure Statemen`~'~"` ~~~~r ~„RT~T~
s~'~~'~
~ 8, 505 .00 __S_t . Lucie Countv , ~~;g~ ~
~~_~1/o r'c'~,~ e!~ - - 19 73
F~~r ~'alue Recei~•ed, I, ~~•e or either of us prum ise tu pay to the order of OUTDOOR RESORTS OF
:\~1H:I:I('A, I\C., O. Box 11~6 Jensen Beach, Flor ida, 33457, or any other place a~ the holder hereof may
3.ght thousand five hund ed~ ~n~$~,, five . 8,505.00
cl:~~i~.rnat~ in ~critin~,?, the sum of - - -____~C_~e~{t/~V._. _ ( Dollars,
this :um t,cin~,• the Total of Pa~~ments referred to in the i)isclosure Statement 1?elow, which includes a FINANCE
~~HARGF, on the amount financed, payable in-____-~i4-- equal consecutive monthly installments of
~ each, and the first installment to become payaUle on the ~ s~-day of~~ ~ ~a~'
. _141. 75----- - ~
1~17 , and o~ie ~uch in~tallment to become due and payable on the-. l_ s
r day of each succeeding month ,
~~ntil the «~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by ca5h
1~c•f~~re the tina! inctallment date, the unearned portion of the FI\'A1VCE CHARGE shall be rebated under
the Rule of 78's.
In the e~•ent of default in the due and punctual pa3•ment of any installment on this Note for a period of
thirt~~ (30) days, or if any statement, representation or warranty in any application for the credit evidenced -
I~~• thi~ I~~~te is faund to be untrue in anS• material respect, or in the event THE UNDERSIGNED, WITHOi7'f
TFIE PRIOR ~~'RITTEI~ GOl~'SENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT
r'nR A\Y MORTGAGE ~~'HICH 1S SECURITY FOR THIS NOTE) OR OTHERR'ISE DISPOSE OF OR EN-
c'U11RER OR C01?iMIT ANY RREACH OF TNE biORTGAGE OR PER11iIT OR SUFFER ANY LIEN TO
H:.l'IST 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 (howscever
e~•idenced) or bankruptcy~ of anSone or more of the under~igned, then the entire remaining indebtedness then
~iue shall become immediately due and payable at the option of the holder hereof without demand, presentment
nr notice of any kind. Any failare of holder to exercise said option shall not constitiite a Kaiver of the right
to exercise the same at any other time.
:
Time is of the essence of this Note.- In the e~•ent an~• installment is not paid when du~ or within ten ;
days thereafter. the holder may collect, and the undersigned agrees to pay a late charge ~n such installment in
~ an amount equal to 5',~ of such installment or $5, whiche~•er is less, and in the event this Note'as collected by ,
la«• or throu~h an attorney at law or under advice thereof, the undersigned aKrees to pay all cos~s of collection, ~
includinK reasonable attorney's fees and court costs tu the extent permitted by Florida law. -
r ~
The undersigned and all endorsers or other partie~ to this note jointl~• and se~~erall~~ transfer, convey and ~
a~si~.rn to the Holder a sufficient amount of such homestead or exemption a~ may be allowed, QlcludinR such
homestead or exemption as may be set apart in bankruptc~•, to pa~• this n~te in full, ~vith all cost~:of collection,
and do hereby direct any trustee in bankruptcy having posse~~ion of such homestead or exemptior~~o deliver to
~ the Holder a~ufficient amount of property or money set apart as exempt to pay the indebtedness e~~idenced
~ hereb~•, or an~~ renewal thereof, and do hereb~~, jointly and se~~erall}•, appc?int the Holder the attorney in fact for
~ each of them, to claim a~:,~ and all homestead exemption~ allo~sed hy la~~•.
~ A first mortgage for the security of the aforesaid indebteciness is retained i?~• OliTDOOR RESORTS OF
~ ~~~iF.RICA, INC., on Lot ~'o.G~11~1n that certain Condominium known aa OUTDOOR RESORTS AT NETTLES
~ I~[.Ati1), and on any improvements, fixtures or after acquired pmperty added thereon, as ~hown by plat re-
; cnrded in the Office of the Circuit Court in and for St. Lucie County. F'lorida, in Plat Book 16, page 1:1A
~ throu~,?h IJ. R ~
. aoo~ 226 FacE
- -