HomeMy WebLinkAbout1346 ~ M O R ~ ~ A ~ E 286355 ~ _
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<i~c mort~agor, in consideration of the principal sum specified in .he promissory note hereafter described. re-
~~i~•ed from OUTBOOR RESORTS OF AMERICA, INC.. a corporation organized and existing under the Laws
of the State ef~1'ennes~. the Mortgagor. hereby on this 6~ day o~ Sep~~r , 19 73 .
mortgages to the ??Iortgagee the r~al property in St. Lucie County. Florida, described as:
Lot No_
s~n~TT in that certain condominium known as OUTDOOR
RESORTS Ol~ AMERICA AT NE'I"I'LES ISLAND. as shown by plat
recorded in the Office of the Circuit Court in and for St. Lu~R~ty.
Florida. in Plat Book 16. page 1:1A through 1J. ~ ow ~~s~'
. PI/'^".+n?~jp ~ ~~'~~iGIF', P~~~tfMi' OF
THIS IS A PURCHASE MO~IEY 11i0ATGAGE q~rE~ ~
As security for the payment of the promissory note of which the following is a cop'IE~ ~~~~CER~Ap~
~~is ~ ly~Rn,
i nstallment Note and Disclosure Statement ~E
~ .
S9 ~ 281. 28 - S t. Luc ie County ~orida .
,
September 6th ig +3 ;
For Value Beceived. I. we or either of us promise ta pay to the order of OUTDOOR RESOATS OF
A`~ERICr~. INC.. P. O. Box 1116, Jensen Besch. Flor ida, 33457. or any other place as the holder riereof may
Nine thousand two hundred eighty-one q~2g1.28
decignate in writing. the sum of { 2~~~ ) Dollars.
this sum being the Total of Payments referred to in the Disciosure Statement below. ~+hich includes a FINANCE
~'HARGE on the amount financed, payable in --~--°"-96--°---equal consecutive monthly installments of '
~ 96.68------- each, and the first installment to become payable on the lst day of ~cember
1~1~~. and one such instailment to become due and payable on the lst day of each succeeding month
'i until the whole of said indebtedness (Total of Payments) is paid. In the erent of prepayment in full by cash
t~efore the final instaliment date, the unearned portion of the FINANCE CHARGE shall be rebated under
~ the Rule of 78's. ~
t
` In the event of default in the due and punctual payment of any installment on this Note for a period of
±hirty (30) days, or if any statement. representation or warranty in any application for the credit evidenced
b.r- this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOIIT
THE PRIOR ~i?RITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL. ENCUMBEIt (EXCEPT
FOR ANY MORTGAGE ~YHICH 1S SECUBITY FOIt THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
CUMBER OR COMMIT ANY BREACH OF THE DiORTGAGE OR PEftMIT OR SUFFEK ANY LIEN TO
EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIG;`ED AND FINANCED THROUGH
THE CftEDIT EVILENCED 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 i~debtedness 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.
Time is of the essence of this Note. Tn the event any installment is not paid ~vvhen due or within tcn
days thereafter. the holder may collect, and the undersigned agre~s to pay a late charge on such installment in
an amount equal_ to 5 j~ of such installment or $5. whichever is less, and in the ecent this Note is collected by
iaw or through an attorney at law or under advice thereof, the undersigne~l agrees to pay all costs of collection,
including reasonable attorney's fees and court costs to the extent permitted by Florida law.
, The undersigned and ali endorsers or other parties to this note jointly and severally transfer, convey and
assign 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, with ali costs of collection,
and do hereby direct any trustee in bankruptcy having po~session of such homestead or exemption to deliver to
ir~e Huluer a suP9c:znt amount of property or money set apart as exempt to pay the indebtedness evidenced
hereby, or any renewal thereof, and do hereby, jointly and severalty, appoint the Holder the attorney in fact for
each of them, to claim ai and all homestead exemptions allo«ed by law. -
A first n:~rtgage for the security of the aforesaid indebtedne.ss is retained by OUTDOOR RESORTS OF
~1ti1FRICA, Ir'C., on Lot No56__~/?~n that certain Condominium known sa OUTDOOR RESORTS AT :`TETTLES
I51,Ah'D, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re-
• • n ? . •
. •--~n:7 jr 4ti+n (~n'.n0 nf *1}ei (~i f ~ ~n ~ F « C{. 7 ..i~ :i::F.. L~! :.7_ • 1»_ ~ r~_
- - - -:-CC...: ..1 O_ ~ ~.1... ~i: ..J:~u..~ ia. 1100 aivt~a~ tv~ jid~,c t.in
thro!i~„h 1J. BOOK 229 PAGE1345
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