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HomeMy WebLinkAbout2869 , ~ , - ` , ~ ~ _ ~ O R T G E ~y~ S~5 G~~ ~ ~ ~ f . , ~ f ~J ~ ~~i ca ~ 0 2 s ~ _~Sv-G. N~/~/t c~l v -e~l-~ 1ti, • ~ - . ~ s thr ~uurt~a~,mr, in consideration of the princip:il sum spec~fieci ~n the promi.sor~• note hereafter describe~, re~- ~~~•i~~rd fi~u~n OtiTDOOR RF.SORTS OF A11iERICA. INC.. a corporation org~inized an~ eristing under the Laws ~ ~ G ~~i the St.~te of Tenne~see~ the Mortgagor, hereby on this, 3-day. of_ J'~ ~ , 19_1 n~~~~•t~,•:~~;e. to the 1lortgxgee the real property in St. Lucie County. Florida. de.scribed ~ts: ~ Lot No.~ya__.--in thAt certain condominiuni knu~~•n as OUTDOOR - RESORTS OF A111ERICA AT N~'TTI.ES ISLAND, ~?s shown by plat recoi•ded in the Oflice of the Circuit Court in aiid for St. Lucie County. Florida, in Plat Book 16. page 1:1A through 1J. TH1S IS A PURCHASE 1110NEY ~lORT(:A(:E = ~c~•uritr far the pa~ment of the promissory note of w•hich the following is a copy: Installment Note and Disclosure Statement 11 . ~ ~ ° ~ ~ ~1[1L,~t~. Florida ~ T ~ __J~ 3 _ is7~ F~~r ~'alue Recei~ ecl. I. H e or either of us prom i~e to pay to the order f OUTDOOR RESORTS OF _ :1 ~II~:I:1('A. II~C.. P. O. Box 1116. Jensen Beach. Flor ida. 33457, or any other place as the holder hereof may ~l~~~i~,•nate in ~~ritinfi. the sum of~~D~L~_ -~=~Z~- ~~-~,x~=~u.~~~~ ~ (/1s~a~~~) ~llars. t}~i. ~um bein~? the Total of Payments referred to in the Disclosure St t ment beloW. which includes a FINANCE - ~'ItAR(;E an the amount financed. payable in-~ - equal consecuti~e monthly installments of f a~~~_each, and the first instaliment to become payable on the day of : ' 1~~ 7~~ , and one such installment to become due and pay able on the-_~day of each succeeding month ~,»til the ~~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash - t~ef~re the fina! installment date. the unearned portion of the FII~ANCE CHAAGE shall be rebated under the Hule of 78's. In the e~ent of default in the due and punctual payment of any installment on this Note for a period of < t}~irt~ (30) da~~s. or if any statement. representation or vearranty in any application for the credit evidenced t~~• this 1~'o~e is found to be untrue in any ?naterial respect. or in the event THE UNDERSIG~TED. WITHOUT T}iE PR10R ~t'RITTEN CONSENT OF THE NOLDER HEREOF. SHALL SELL. ENCUbiBER (EXCEPT I~'OR ANY MORTGAGE WHICH 13 SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ('UAiBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERDi1T OR SUFFEft ANY LIEN TO : F.YIST 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 e~•idenced) 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. present~nent 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 an~~ installment is not paid when due or within ten t days thereafter, the holder may collect. and tha undersigned agrees to pay a late charge on such instaliment ir. an amount equal to 5~~ of such installment or $5, whiche~•er is less, and in the event- this Note i~s co~lected by law or through an attorney at lav? or under advice thereof, the unciersigned agrees to pay all costsDf ~ollection, includinK rea.sonable 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 severall~ trans~r, convey and . a.ssi~n to the Holder a suPficient amount of sueh homestead or exemption as may be allowed, including suchmO homestead or exemption a.g may be set apart in bankruptcy. to pay this note in full, Hith all cos£5 of collection,='" and do hereby direct any trustee in bankruptcy having pos5es~ion of such homestead or exemptio~. to deliver t+a~ the Holder a sufficient amount of property or money set apart a~ e~empt to paS the indebtedriess evidencec~ hereb~•, or an~~ renewal thereof, and do hereby, jointly and ~e~~erall~ , appoint the Holder the atto~ in fact' fort each of them, to claim ar~~ and all homestead exemptions allo~~eci b~• la~. T A first mortbage for the security of the aforesaid indeLtednes~ is retainecl by OUTDOOR RESORTS OF~N A~iF.KICA, INC., on Lot \'o.~~_~n that cer±s.in Condominium known as OUTDOOR RESORTS AT NETTLE~ ISI.A:\ I), and on any improvements, fixtures or after acquired pmperty added thereon, as shown by plat re~,~. } corded in the Ofi'ice of the Circuit Court in and for St. Lucie ('ounty. Florida, in Plat Book 16~ page 1:1A through 1J. • • "