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HomeMy WebLinkAbout2925 - ~ . ~ - - - ~ ~ / ~ j i ~ 5~ . . , i~ MORTGAGE 1 ~ib J"ti _ ~ e . . the mort.~;agor, in consideration o the principal sum specified in the promissory note hereafter described, re~ ' .•ei~•eci frnm OUTDOOR RESORTS OF AMERICA, INC., a corpo~tion organized and existing under the Laws ~~f the State of Tennes.~ee~ the Mortgagor. hereby on this ~.3 __day of Ft6i~'a`'u 19~s~ mortgu~;es to the biortgagee the real property in St. Lucie County. Florida, described as: Lot No.~f~_in that certain condominium known as OUTDQOR ~ RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat recorded in the OflSce of the Cireuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE MONEY MORTGAGE FUl Dp~ A. security for the payment of the promisso q e yv ich the following is a copy: AFF~~p : ~ - ~ 9~~ o~si~ To Installment Note and bisclosure Statem~nt ~ /0 ,,-~o .i~ . ~ - ,~i/%l~ ~~tC/~' COpN~ V ~f p . 1~-~7 - 'T~~`~~1, /r./~"t~ ~ . Florida L • _~'t ce.l~Y /3 19~ F~~r Value Recei~~ed. I. w e or either of us prom ise to pay to the order of OUTDOOR RESORTS OF :~~IERI('A, INC.. P. O. Box 1116. Jensen Beach, Florida, 3345T. or any ot~r place as the holder hereof may cl~~~i~?nate in Hriting. the sum of TN o~.i,~~.~ Siwpc.~~/, ~iiwc~ 1~ ~1~0 ~~~a~~ r},~~ ~um being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE c`}iARGE on the amount•financed~ payable in G~ equal consecutive monthly installments of *~7 ~~---each, and the first installment to become payable on thp day of a ~ and one such installment to become due and payable on the ~ st day of each succeeding month t~~~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash :~efore the final instailment date. the unearned portion of the FINANCE CHARGE 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, representatiQn or warranty in any application for the credit evidenced ~ t~~~ this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED, WITHOi]T ~ TtiE PRIOR `VRITTEN CONSENT OF THE HOLDEft HEREOF. SHALL SELI.. ENCUMBEft (EXCEPT ~ FOR ANY MORTGAGE WHICH 1S SECURTTY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ('UMBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ EYIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH f T1IE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency~ insolvency (howsoever f ¢ e~•idenced) or bankruptcy of anyone or more of the undersigned. then the entire remaining indebtedness then ~ due shall become immediately due and payable ai 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~aiver of the right ~ to exercise the same at any other time. ~ Time is of the easence of this Note. In the event any installment is not paid when due or within ten ~ days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in ~?n amount equal to 57 of such installment or $5, whichever is less. and in the event thi.s Note is collected by ~ law or through an attorney at law or under advice thereof, the undersigned agrees to pay all_costs of collection. - includinR reasonable 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 severally transfer, convey and ~ assign to the Holder a suflicient amount of such homestead or exemption ~ as may be allowed, including such € h~mestead or exemption as may be set apart in bankruptcy. to pay this note in full, with all costs of collection, ; and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to ~ ±he Holder a su~cient.amount of property or money set apart as exempt to pay the indebtedness evidenced ; hereby, or any renewal thereof~ and do hereby. jointly and se~~erally, appoint the Holder the attorney in fact for ~ each of them, to claim a~ and atl homestead exemptions allowed by lav?. ~ ~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RES~ OF k A~1ERiCA, INC., on Lot No. ~G~n that certain Condominium known sa OUTDOOR ftESORTS AT LES ~ tSI.AND. and on any improvements, fixtures or after acquired property added thereon, a.g shown by plat re- ~ corded in the Office of the Cireuit Court in and for St. Lucie County~ Florida. in Plat Book 16, page 1:1A ~ through 1J. ~ 60GK~~~ PACF~~7z / r _ t~~ ~ , - i . = _ - ~ ~ ~ ~y~ ~ . - - I ~P ~ ~y : ~ ~t.~..~a~.~~'~'~ ' ' ~ ; ~ _ `