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HomeMy WebLinkAbout2666 . O RTGAG E ~89353 56 ~ • , ; the mortgagor. in consideration of the principal sum specified in the promissory note hereafter described. re~- rei~•~d from OUTDOOR RESORTS OF AMERICA, INC.. ~ corporation organized and existing under the Laws c?f the State of Tennessee, the MortgaBor, hereby on this~-day of ~ T~ ~E , 19 mortgages to the Diortgagee the real property in St. Lucie County. Florida. described as: Lot No in that certain condominium known as OUTDOOR ~u RESORTS . OF AMERICA AT NETTLES ISLAND, as shown by plat ~ recorded in the Of~ice of the Cireuit Court in and for St. Lu~~unty. Florida~ in Plat Book 16. page 1:1A through 1J. , • THIS IS A PUACHASE MONEY MORTGAGE~~M?T~p ^,~~N~MI~ B~~N p~~Al~ ~ As security for the payment of the promissory note of which the following is a co~x ~i~'l ~FQ ~Po~ ~ R~ ~ 9~~ tnstallment Note and Disclosure Statement ~R'• ST ~ St. Lucie County ~orida s9,281.28 - GTD ~~~P 19.,,~ For Value Received. I. we or either of us promise to pay to the order of OITTDOOR BESORT3 OF A~IERIGA. INC., P. O. Box 1116. Jensen Beach. Flor ida, 33457, or an other place as the holder hereof may Nine thousand two hundred e~ghty-one q~2g1.28 ~ deGignate in writing, the sum of f ( ) Dollars. this sum being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE CHARGE on the amount financed. payable in '----~'-96-'~~~~equal consecutive monthly installments of S 96 .6$-----~~ each, and the first installment to become payable on the.~_day of ~o ~ ~ ' I9 and one such installment to become due and payable on thp ~ S r' day of each succeeding mor.th ~ ~,iitil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash j t~efore the finai installment date, the unearned portion of the FINANCE CHAAGE shall 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 by this Note is found to be untrue in any material~i ~spect, or in the event THE UNDERSIGNED. ~VITftOUT ~ ; HE PRIOft WRITTEN CONSENT OF THE HOLDER HEREOF~ SHALL SELL, ENCUMBEB (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CUMBER OR COMiKIT ANY RftEACH OF THE MORTGAGE OR PERMIT Oft SUFFER ANY LIE~T 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 (howsoever 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 faiture 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 dse or wit~:in ten days thereafter, the holder may collect. and the undersiRned aRrees 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 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. ~ i ncluding reasonable attorney's fees and court costs to the extent permitted by Florida law. The ~ndersigned and all endorsers or other parties to this note jointly and severaliy t:ansfer, con~ey and assign to the Holder a sufficient amount of such homestead or exemption as may be allowed, includir_g such ~ homestead or exemption as may be set apart in hankruptcy, to pay this note in full, with alt costs of collection, ~ and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to t~e Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness e~idenced ~ hereby. or any renewal thereof, and do hereby, jointiy and severally, appoint the Holder the attorney in fact for ~ each of them, to claim a~ and all homestead exemptions allowed b~ law. ~ ~ A first mortgage for the sec rity of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF AItERICA, INC., on I.ot NoaQ~rthat certain Condominium known as OUTDOOR BESORTS AT ~ETTLES IS[,AI~'D, and or_ any improvements~ fixtures or after acquired property added thereon~ as shown by plat re- rn+'!lel~ 1P t}?n ht~ra nf +}1;s l:ir!_t11~ r`n_r• in n.^.~ ~.n.: ~=a T ' e.^.:::~i.,. L~1..«: : ~ ~ ~ ~ ~ av~ ~ui?~ ii~ 1 /Ab VVtll~ 1V ~lc~~C 1 .1t1 throu *h 1J. r ~665 ~ ^ g~OK~~V ~nGE 7-/{ :y~~ - - - _ _ - - - - - , _ . ~ ~ , r ~ f x. 5~ a ~ '"t~ `~~'t.~ ~~',.ntk.ti'~"`w."'~s;~.s~._~.~~ .._.i._ x_ _ .~„F-:.~~~~