HomeMy WebLinkAbout2087 ~ -
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, MORTGAGE , 2~6'~5
. C'~ r,g_?~` S s r--~ i~? l~~v d c C. 1r1 s e~c i~u C/? ; ~ c,. ,
~ the mortgagor, in consideration of the principal sum specified in the promissory note hereafter escribed. r~-
rei~~ed from OUTDOOR RESOATS OF A'•IdERICA. INC., a corporation organized and existing under the Laws
~?f the State of Tennessee. the Mortgagor, hereby on this ~1
~ day of h , 191~_,
mortgages to the Mortgagee the real pmperty in St. Lucie County, Florida, described as:
Lot No.~~_in that certain condominium knotvn as OUTDOOft _
~,.,•1°'S': RESORTS' OF AMERICA AT NETTLES ISLAND, as shown by pist
recorded in the Office of the Cireuit Court in and for S~ ~ ~t3?.
EJ`-~,~ t~~,` Florida, in Plat Book 16, page 1:1A through 1J. R~E a; ~„C°'~~~'~i~ p~~~F~ ~ r~
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As security fqr the payment o f t
he promissory no te o f w h i c h t
he followin g is a c~ ~~ER 'S ~ i~X- K
Instaliment Note and Disclosure Statement
g~40 .00 St . ~ Lwcie Countv , ~lorida
~~b- / 197`f
For Value Received. I. we or either of us promise to pay to the order of OLTfD008 RF.SORTS OF
~1iERICA, INC., P. O. Box 1116, Jensen Beach, F7or ida, 33457, or any other place as the holder hereof maq
decignate in writing, the sum of ~ D°Uars'
this sum being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE
C'HARGE on the amount financed. payable in -~0- equal consecutive monthly instsllments of
.00 each, and the first installment to become payable on the ~ i? day of m~~c ~ ~
~ 19 and one such installment to become due and payable on the day of each succeeding month
~ until the whole of said indebtedness (Total of Payments) is paid. In the event of prep~?pment in full by cash
~ hefore the final installment date, the unearned portion of the FINAI`CE CHAAGE shall be rebated under
s 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~y this Note is found to be untrue in any material respect, or in the event THE ITNDERSIGNED. WITHOUT
THE PRIOft WRITTEN CONSENT OF THE HOLDEA HEBEOF. SHALL SELL. ENCUA~BER (ERCEPT
FOR ANY MOftTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
CUMBER OR COMMIT ANY BREACH OF THE MOftTGAGE OR PERMIT OR SUFFER ANY LIEN TO
EXIST 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 (howsoe~?er
evidenced) or bankruptcy of anyone or more 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 exereise 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 instaliment in
~ an amount equal to 5`y of such installment or $5, whichever is le.ss, and in the e~ent this Note is collected bp
~ law or through an attorney at law or under advice thereof, the undersigned agrees to pay a11 oosts of oollection, ?
including 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 severallq transfer, con~ey and
~ assign to the Holder a suflicient amount of such homestead or exemption as may be ailowed, including such
homestead or exemption as may be set apart in bankruptcy. to pay this note in full. with all costs of rnllection,
and do hereby direct any trustee in bankruptcy having possession of such homestead or eaemption to deliver to
the Holder a sufl5cient amount of property or money set apart as exempt to pay the indebtedness e~idenced
hereby, or any renewal thereof~ and do hereby. jointly and severaily, appoint the Holder the sttorney in fact for ~
each of them~ to claim ar~? and ail homestead exemptions allowed ~y law. ;
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A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESURTS OF 4
AMEBICA, INC., on Lot No.}~ l~in that certain Condominium known as OLTTDOOR RESOBTS AT N~'TTLFS
~ ISLAND. and on any improvements, fixtures or after acquired property added tbereon, as shown by plat re-
~ corded in the Ofi'ice of the Circuit Court i~ and for St. Lucie County, ~IQtid in Plst Book 16, page 1:1A
throu~h 1J. _ . BOQK~.C7 P116E(rUV~.
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