HomeMy WebLinkAbout0875 ~ R T G A G E 2'~s'~~~_
~ -
~ ~ ~ ~*~~c-c--~~.. ~rZ• ~i~ "
the mortgagor, in cons~tion e~ e pal sam specified in the p ry note hereafter described. re-
ceired from OL'TDOOR RESO OF AI~tICA, INC., a corpor~~ ' and existing uader the Law?
of the State of Tennes~ the ~iart~Evr. hereby on tk3 day of 19~
mortgages to the Mortgsg+ee tbe real ~ in St. Lucie County, Florida, described as: ~ ~
Lot tio- !~-S :e tbat ctrtain condominium known as OUTDOOR
RES08T'S OF AMERICA AT 1~TL'I?LE3 ISLAND. as shown bq plat
reoorded in'tbe O~ce of t6e Circuit Court in and for Sk I~~e County.
~ Fbrida. in Plat Bo~1c 16. P~Se 1:1A thrvugh 1J. p~` r4~'p
•?H4g LS A PURCHASB MONEY MOATGA(~Wrr~~TFR
1~stE E?.'.v'~
~Of J~~
~s security fd! the payment of the pco~mi~sor~ note of ~rhieh the iolbwing is s c~?: i3t, ~TS ~ERry,
Instalirr~ent Note and Dixlosure Statemen~t~~"'~ ~°'"~~T 19~~«
~ ~ ~
c8,189.,40 ' ~ St. Lucie Couaty ~o
-a
- ! ' ~ ~C'~'` / ~ 197 ~
For Value Recei~ed, I, ~e or dtber of us pramise to psy to the order of OUTDOOR RESOBTS OF
~~iERIC~I, INC., P_ O. Boz 1~~~~~e~ch~ r i ,h~~~~ ~~,~~~a the holder hereoi may
' designate in writing. the s~ ot b~1~~~140 ( 8..~ 189 .40) Dollara,
~ ±his sum being the Total of P~emaats rrferred to in the I)ixlosure Stit~nent beiow, which includes a FINANCE
~
~~N~M~~N~~N
~ CHAftGE on the amount 5naa~ed, p~abie in equal consecuti`maathly instsUments of
t S_ and the 5ist iastallmmt to bec~e payable on the ~ gy o
~ 19 ~ one svch iattaDmeat m beoome due and ~yabie on the ~y of esch succeeding month
5 ~~ntil the v~hole of said ' (Total of Payments) is paid. In the ev~t of prepaymeat in full by cash
~ t,efore the final installment dat~ the u~ear~xd portion of the FINANCE CHAAGE shall be rebated under
the Rule of 78'3.
In the event of defautt in the d~ and puaetual payment of aay installment on this Note for a period of
~ thirty (30) days. or if uU state~neat, repr+e~entztion or ~varrantq in any application for the credit evidenced
~ b~~ this Not~ is found to be untroe in any material respect, or in the event THE UNDERSIGNED. WITHOUT
THE PRIOR WRITT~i CO1~S~T OF TRE HOLDER ~iEREOF, SHALL SELL, ENCUMBIIt (EXCEPT
FOR ANY MORTGAGE WHICH 15 S~ECURITY FOR THIS NOTE) OR OTHEBWISE DISP(}SE OF OR EN-
CUMBER OR COI~iIT ANY BREA~H OF THE MORTGAGE OR PERMIT O~t SUFFER ANY LIEN TO
~ EXIST Ol`' THE REAL PROPE~tTY PURGHASID BY THE UNDERSIGNED AND FINANCED THROUGH
THE C~tED1T EVID~TCED BY THIS i~OTE or in the event of the incompetency, insolvency (howsoever
~ e~•idenced)• or baakruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then
~ due shall beo~me immediately dae and pasabie at the option of the holder hereof without demand, presentment
or notice of any kind. Anp fa7ure of ho~der to eaercise said option shall not constitute a waiver of the right
to exercise the same at aay other tim~
.
1~me is of the essence of this ~ot~ In the event any installment is not paid when due or within ten
- days ther~aft,~r, the holder mz~ ootlect, amd the uadersigned agrees to pay a late charge on such installment in
= an amount equal to 5`f of such instailment or whichever is less, and in the event this Note is collected by ;
~ law or through an attorney at law or uader s~ thereof, the undersigned agreea to pay all costa of collection,
including reasonab~le sttorn~'a fees aad court eoets to the eatent permitted by Florida law.
na
~
The undersigned and s~ endorse~s or other parties to this note jointly and severaUy transfer, convey and
- assign to the Hoider s safficie~nt ameunt of sach homestead or eaerription as may be aUowed, including such
~ homestead or exemption as msT be aet apart in bankruptcy, to pay this note in full. with all costs of collection,
and do hereby direct aaT trustee in banlcrnptcp haQing possession of snch homestead or exemption to deliver to
~;Y~ the Holder a sufficie~t amount af pr~o~tT or money set apart as exempt to pay the indebtednesa evidenced
hereby, or any rene~val thereof, aad do hereby, jointly and severallp, appoint the Holder the attorney in fact for
each of th~, to claim ac;? and aD homestead eaemptions allowed by law.
A first mo.-tgage for th set~ity of the aforesaid indebtedness is retained by OUTDOOR RESOBTS OF
F~~ ~biERIC~. INC., on Iat ?~0 1~ that certain Condominium knowu as OUTDOOR BESORTS AT NEITLES
~4;~ TSLAND, and on any fimpz+~ve~~*s, fi~.i.-es or af:ez aeq~:red pro~rty added thereon, as shown by plat re-
corded in the Office of tbe Circuit Court in and for St. Lucie County, Florida, in Plst Book 16, page 1:1A
through 1J. 80CK ~.~V ~AGE O•l~ `
.
T