HomeMy WebLinkAbout0932 2:9"'1ti~ ' ' ~ ,
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! B ~ L MOR~GAGE .
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the mortga~?or, in con3ideration of the principal sum specified in the promissory note h eafter described, re-
rei~•ed from OUTDOOR RF.SORTS OF AMERICA, INC., a corporation organized and existing under the Laws
uf the State uf Tennessee. the Diortgagor, hereby on this~
day of ' , 19~.
niurt~?ages to the Diortga~ee the real property in St. Lucie County. Florida, descriUed as:
Lot Na~$_3 -in that certain condominium known as OUTDOOR ~ n,~
RESOR'fS OF AMERICA AT NETTLES ISLAND. as shown by plat AiF~rFp~O~~
recorded in the Office of the Circuit Court in and for St. Lucie County, pg~~~ ~R
Florida, in Plat Book 16. page 1:1A through 1J. n~~~,
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THtS ~ A'PI~ItQHA~i] D10NEY blORTGAf~Fi;~ .."t°o ANS ~1'M
' INT ~H P
securit~• for the payment of the promissory note of which the following is a ~
o~y . ~lPT~ ~1 ~ PER~~ ~ T~.
~ . ~i?x c R°'~ER ~cts ~
I nstallment Note and Disclosure Statemen~"~ ~a?~ ~PolT~~IF ~ lg~i` ~
9, 281. 28 S t. LUCIE COUNTY ~c~~a /
~ . 19 7_-~
F~~r Value Recei~•ed, I, ~~•e or either of t~s prom ise to pay to the order of OUTDOOR RESORTS OF
??~1ERI('A. INC.. P. O. Box 1116, Jensen Beach, Flor ida, 33457, or any other place as the holder hereof may
Nine thousa4dw tt~Q,,~undred eighty-one 9_ 2R1 Dollars.
de:i~,~nate in ~tiritin~;, the sum of ~1t31 luu ~
this ~~~n~ being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE
('i~ARGE on the amount financed, payable in--_ '96' equal consecutive monthly ins iments of
~ ~96.68-- _ each and the first installment to become payable on the~-day of~"~ .
~ ~
19~~~, and one such installment to become due and payable on the_~---day of each succeeding month
t~ntil the w•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
I~efore the final installment date, the unearned portion of the FII~'ANCE CHARGE shall be rebated under
the Rule of 78'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~v this I`'ote is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT
THE PRIOR «'RITTEN COhSENT OF THE HOLDER HEREOF. SHALL SELL. ENCUMBER (EXCEPT
FOR ANY ~MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF Oft EN-
CUMBER OR COMi4iIT ArY BREACH OF THE MORTGAGE OR PERMIT OA SUFFER ANY LIEN TO
EXIST OI~t THE REAL- PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
THE CREDIT EVIDENCED BY THIS NOTE or in the event. of the incompetency, insolvency (howsoever
evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then
due shall become immediately due and payable al 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.
Time is of the essence of this r'ote. In the event any installment is not paid when due or within ten
days thereafter, the holder may collect, and the undersi~ned agrees to pay a late charge on such installment in
r~ an amount equal to 5~S of such installment or $5, whichever is less, and in the event 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,
~ includinK reasonable attorney's fees and court costs to Lhe extent permitted by Florida law.
t~ The undersigned and all endorsers or other partie~ to this note jointly and severally transfer. convey and
~ assi~n to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such
homestead or exemption as may be set apart in bankruptcy, to pay this note in full, w•ith all costs of collection,
and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to
~ the Holder a sufi'icient amount of property or money set apart as exempt to pay the indebtedness evidenced
~ hereby, or any renewal thereof, and do hereby, jointly and se~•erally, appoint the Holder the attorney in fact for
each of them, to claim any and all homestead exemptions alloHed by law.
~4~ -
A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR ftESORTS OF
AMERICA, INC., on Lot Iv'o~ '~3
~in that certain Condominium known aa OUTDOOR RESORTS AT NETTLES
`;=r~ ISLAND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re-
corded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16. page 1:1A
through 1J. - ~ 800K PACE tyt,j~
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