HomeMy WebLinkAbout2046 afc~vFn = ~3' r.; n~ ~rwex? of T~xes
• DUE ON CIASS 'C WiANGIBLE Pf49[~Nal Pp0?E8(Y.
- PURSUANT i0 CtiAP!ER 71•13t. ACT 1911. ~
M O R T Ca A G~ ~~`°s:'~.c~`.~ 3;
~ fi~ e~~`~..re /or.t.r/~ /~{~r ~~~r_ ~a ~-k ~
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~u~~~•t~.•.~~?~~~ in cutt•ider~~tiun of the princip:il sum spe~'ifie~l iii the p~Y~mi.soi•~• notr here.~fter descri{?eci. re-
,,•i~~~~ct f~ti~m (>L•T11UOR RI~:SORTS OF ADIFRIC~. INC., u corporation ur~;anizeci .uid e~istin~; under the La~~s
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,~i th~• ~t.~t~~ r~f Tenne~~ee. the ~~ortgagor, hereU~• on this_ 1~ _d:~~ of_ t/ 19~~.
r,~~~rt~.~~,•e~ tu the ~tortg~?gee the rzal property in St. Lurie Cuunt~•, Flurida, descriLed as:
I.ot \o. ,~,~r~~ in thut cert.tin condominiwn kno~~•n a, OL'TI)OOR
RESORTS OF A1iF.R1('A AT \FTTI.~:S ISI.~\'I), sho~~'n i,~ plat
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~sjfl s rec~n-cied in the Oftice of the Circuit ('ourt in .ind C~?r St. I.ucie County.
Qitt~lMAl NOIb Fl~?rida, in Plat Rook 16, ~k~ge 1:1A throu~h 1.1.
THIS IS A 1'URCHASE ~10\E1' ~10RTG:1l:i~%
:~~.•iirit~• f~u• the p.i~ment of the pt~nti.sor~• note of ~~•hich the follo~~•in~,~ is a cop3•:
Instaltment Note and Disciosure Statement
: 7 , 916 . t6 _ _ _ __SC . _ Lucie Cotmt~_, Florida
----~-~~f~/! - 19~
~~~r ~'~ilue Recei~•e~l. I, ~~•e cr either uf us prum i.e t~? pa~• to !he order af OUTUOOR RESORTS OF
~~IF:I:I~':~. I'- O• Box 1116Seven~ t ousan~dr nine ~hundr
d~sixteen as the holder hereof may
,i,•:i~n.~!~~ in ~~•riting. the cum of_- & 16~24a - - ( 7,916.16~ n~llars,
~iiiii l~c~i~i~; the Tcta! c~f Payment~ referred to ii~ the I>i.clusure Statement belo~s, ~~hich includes a FINAIvCE
on the amount financed, pa~~able irL._ _'46' -----equal consecuti~ monthly installments of
s
~ 82.46 __each, and the 6rst installment to become payat,le on the-~ -___da~ of-
t!+ 7~ , v~d one ~uch in~tallment to 1~ecome due and pa~•al?le on the_ S r- --da~' of each succeeding month
.~iti l t he he~ le o f ~a i d i n d e b t e d n e s s ( T
o t a l o f Y a y m e n t,) i s p a i d. I n t h e event of Fre pa~ment in full by ca.sh
I ~~•t~~rr the tina! in.tallment date, the unearned portion of the I~I\A:\'CE ('NARGE shall I~e rebated under
~ ~h~~ liult• ~?f 78'•.
j In the e~•ent of default in the due and punctual pa~•meni of any installment on this `ote for a period of
4 ~ i~irt~• (30) da~•~, or if any statement, representation or ~•arrant~• in an~• application for the credit evidenced
i~~- thi. \ote i. found to 1?e untrue in any material respect. ~r in the e~•ent THE liNDERSIGNED. WITHOUT
"!'i!E PRIOP. «'RITTEI C01'SE\T OF THE HOI.DER NEREOF, SN~LI. SELL, E\CL'MBEft (EXCEPT
t= ~~K A\l" ~tORTGAGE ~i'H[CH 1S SECL'RITY FOR TfIIS ~OTF.1 nR OTHER~YISE DISPOSE OF OR EN-
i'i'~IKER OR CO:l1\~IT A\~ RREA('H O: THE :~fORTG~G~: OR PER~IIT OR SUFFER ANY LIEti' TO
I~:.\"I~T O\ TNE REAI. PROPERT~" PURCHA5EI1 BY THF. L:\DER51(~\EU AND FINANCED THROL'GH
"I'}IE CREI)IT E~'InE:~'('ED BY THIS NOTE -or in the e~•ent of the incompetency, insolvency (ho«soever
~~~~idenced) or bankruptc~• of anyone or more of tne under~igned, then the entire remaining indebtedness then
~iue shall l?ecome immediatel~• due and patable at the option ~~i the holder hereof ~sithout demand, presentment
~~r notice of an~ kind. Any failure of holder to e~ercise ~aid opti~?n ~hall not constitule a waiver of the right
I~ t~~ etercise the same at any other time.
Time is of the es~ence of this \Tote. In the e~•ent any installment i; not pa:d ~rhen due or within ten
thereafter, the hold~r may collect, and the under~i~,•~~ed a~,•ree~ to pa.• a late char~,~e on ,uch installment in
:in amoimt equal to 5'~ of such installment or «-hiche.•er i~ le~~, ar:d in the e~ent this ~'ote is collected by
l.t~.• nr throu~,•h an attorney at la« or under advice thereuf, the ?ndersi~,?ned a~!'ees to pa~• all costs of collection,
:ncludin~,~ reasorable attorne~'s fees and court costs ta the estent permitted !~y Floricla la«•. -
~ The undersigned and all endor~er~ or other partie~ t~~ this note iointtr .?r.d seterall~ transfer, comey and
~ a~.i~.•n to the f~~lder a suHicient amount o[ such home:tead ~r exemption a. ma~- t?e al?o~ced, including such
~ h~~me.tead or exemption as mx3 be set apart in hankruptc}•, tu pa~~ th::= n~te in full. ~~•it~ al! cosi.c of collection.
and .io hereh}• direct any trustee in bankruptcy ha~ ing pc~s,e~.<i~m nC such home.te3d or exemption to deliver to
the H~~lder a sufficient amount of property or mone~• set a~~art as exempt t~~ pa~ the indet~teciness evidenced
hr•reh;. nr an~- renewal thereof, and do herei~~, jointl~ and ~E~~-erall~•, ap{N~int thc 1loider the attorney in fact for
••:~ch ~~f them, t~? claim ai:~• and all homestead exe:mptiun~ allu~.~ed i?~• la~~-. ~
A first mortgaKe for the security of the afore~aid inuei,tcclnc~~ i. retaine~i 1~~• OL~TDOOR RESORTS OF
:~~iF:R1('A, INC., on I.ot No.S~r in that certain Condominium known sa OLTI)OOR RESORTS AT NETTLES
f~I.A\ I~, and on any improvements, fixtures vr after acquired properi3 added thereon, as shown Uy plat re-
~ ~~~r~ied in the Office of the Circuit Court in and for St. Lucie ('~?unt~•. Florida, in Plat Beok 16. page 1:1A
thruuy~h 1J. BQ,~~~ f'ACt~~~
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