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HomeMy WebLinkAbout2050 - _ ~~~6~ MORTGAGE ja/~~ S~% .f.~n~o s ~?C,_,__A~ x 35/S•d~~~?/r', p~. , / '7 > , tha murtgugor, in consideration of the principal sum specified in the pmmissory note hereafter described, r~ ~•~~i~•ed from OUTDOOR RESORTS OF AMERICA, INC.. a corporation organized and existing under the Laws ut the State of Tennesses. the D~ortgagor, hereby on thi4 day of OfCF_~c.t i3~.P ~ 192~.. ~ mortga~es to the wiortgagee the real property in St. Lucie County. Florida. described as: Lot No ~'n that certain condominium known as Oil'TD008 RESOBTS O AMERICA AT NETfLES ISLAND. as shown- by plat recorded in the Otftce of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16, page 1:1A through 1J. THI3 I3 A PURCHASE MONEY MOItTGAGE fLt ~ sj as security for the p~?raent of the promissory note of which the following is a copy: Installment Note and Disclosure Stotement . ~ 8,505.00 St. Lucie County ~orida /.2 ~FG . -197~ For Value. Received~ I. we or either of us promise to pay to the order of OUTDOOR RESOBTS OF ~~1ERICA. INC.. P. O. Box 1116. Jensen 'Beach. Flor ida. 33457. or any other lace as the holder hereof may E ight thousand f ive hundred and ~ive 8 g05 . 00 designate in writing. the sum of ) Dollars. this sum beins the Total of Payments referred to in the Disclosure Sta ntent below. which includes a FINANCE CHARGE on the amount financed. payable in -60- equal consecutive montWy installments of S 141.75-- each, and the first installment to become payabfe on the~l~.._sla.y o 19~. and one such installment to become due and payable an th day of esch succeeding month u~~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in fuU by cash t~efore the final installment date. the unearned portion of the FINANCE CHARGE shaU be rebated under the Rule of ?8'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 b~• this Note is found to be untrue in any material respect, or in the event THE tJNDERSIGNED, WITHOUT THE PRIOB WRITTEN CONSENT OF THE HOLDEK HEREOF. SHALL SELL. ENCUMBER (EXGEPT FOR ANY ~iORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CUDiBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFEB ANY LIEN TO EXIST ON THE REAL PROPER'TY PURCHASED BY THE UNDERSIGNED- AND FINANCED THROUGH 'I'HE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever I e~ idenced) or bankruptc'y 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 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. In the event any installment is not . paid when due or within ten days thereafter, the holder may collect, and ths undersigned agrees to pay a late charge on such installment in ~ an amount equal to 5ry~ of such instaliment or $5, whichever is less. and in the event this Note is coNected by :,r th:~ag:~ ar. a~tarr.~y at l~w ur unuer advice thereof, ine undersigned agrees to pay aIl costs of collection, i;«tu~iing reasonable attorney's fees and court costs to the extent permitted by Florida law. Ti?e undersigned and all endorsers or other parties to this note jointly and secerally transfer, convey and assign to the Holder a sufficient amount of such homestead or exemption as may be allowed. including such homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection, and do hereby direct siq? trustee in bankruptcy having possession of such homestead or exemption to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced hereby. or any renewal thereof, and do hereby. jointly and severally, appoint the Holder the attorney in fact for each of them, to claim acu and all hnTneate~d e~cQmg±ip*±~ ai!~~=.•~ by ~aze. A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RE~ORTS OF ~:IERTCA, INC.. on Lot No.(o8 /~n that certain Condominium known aa OUTDOOR RESORTS AT NETTLES ~ 1SLAND, and ~~n any imprnvements, fixtures or after acquired property a~ded thereon. as shown by plat re- ~ ~orded in th~ Office of the Circ~it Court in and for St. Lucie ~ounty. Florida, in Plat Book~6, page 1:1A through l~. /0-17- 7.~ o/ / RECEIVED J~~ IN PAYMENT ~ E~ p~E O N C i A S S 'C W7ANGIBI~ PEA90KJ1t p~j~$IjA11T 70 C1i~P1ER 71-134. AGTS.~~ ~pGER PO~~RAS ~f~11 CiRG11t CUURf. ST. LIlC1E G~1 . : ~ ~c k~(~~.t7 ~'~:~~~7t~711 ~pJV. - _ - ' ^i.~~ x"~ -s - .::1= a:,~ G":.~~+'_ ^ 1 ~ v .