HomeMy WebLinkAbout0442 ~
~
1
_
j .
i
. _ +
M 4 R T G A G E 328~.~~
~ / .
~.Oa.l~s ~ /0~1 s~ ~ ~•L r~ ~~c~
tha mo~tgagor~ in conaideration of the principal sum specified in the promissory note hereafter de.scribed. re-
ceivec~ from OUTDOOR BESI~RTS OF AMERICA. INC., a corporation organized and existing under the Laws
o~ the State of Tennessee, the Mortgagor, hereby on this~~
day of 19~~
rr.ortgages to tfie-~tortgagee the real property in St. Lucie County, Florida, described as:
~
1- - Lot I~o.~~~ ~ in .that certain condominium known as OUTDOOft
~ ~ RESORTS OF AMEKIC~ AT NETTLES ISLAND, as shown by plat
recorded in the Oftice of the Cireuat Covrt in and for St. Lucie County.
Florida, in Plat Book 16. page 1:1A through 1J. ~~zz~ ~
~ THIS IS A PURCHASE MONEY ~~RT ~ A E~va -~~-0~/~" 040~7
M G G
As security for the payment of the promissory note of whicli the following is a copy:
~ Instalt~ e ~lp,~,~e Statem t - -
, ~/p , ,!o a~ oN cu~s ~ ~e~ ?ao~ir. ~
~ g . w~wr w n•i~: BII.d Floriaa
. ~ - ~I~M~~T OOHR~~~~' ~,a ~ 19-~
For Value Received~ I. we or either of us promise to pay to the order of OUTDOOR RESORTS OF
AMERICA. INC.~ P. O. Box lll densen Beach. Flor ida. 57. or any otl~er place as the holder hereof ~may
desi~nate in writing, the sum of ~(~S~'1~~0•Sf
O)
this sum being the Total of Payme referred to in the isclosure State ent low. which includes a FINANCE
C~iARGE on the amount financed~ payable in equsl consecutiv monthly installments of
$-~~~~each, and the first instaliment to become payable on th ~day of_
.
~ 19~~and one such installment to become due and payable on the ~ ' day of each succeeding month
! until the whole of said indebtedness (Total of Pa
yments) is paid. In the event of prepayment in full by cash
! before the final installment date, the unearned portion of the FINANCE CHAftGE 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 evidence~i
by this Note is found to be untrue in any material respect, or in the event TIiE UNDEASIGNED, WITHOLIT
THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF, ~HALL SELL, ENCUMBER (E~CEPT -
FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
CUMBEft OR COMMIT ANY BREACH OF THE MOBTGAGE OR PERMIT Oft SUFFER ANY LIEN 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 failure of holder to exereise said option shall not constitute a waiver of the right
to exercise.the same at any other titr,e.
Time is of the essence of this Note. In the event any installment is not paid when duP or v~tithin ten
days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such~inst~llment in
~ an amount equal to 5 i~ of such installment or $5, whichever is less, and in the event thi~ Note i$: co~lected by
~ law or through an attorney at law or under advice thereof, the undersigned agrees to pay all cos~ of collection,
~ including reasonable attorney's fees and conrt costs to the extent permitted by Florida law. ~
~ The undersigned and alI endorsers or other parties to this note jointly and several~r transfl~r, convey and ~
~ asx:gn to the Holder a suff'icient amount of such homestead or exemption as may be allowed, including such ~
~ home3tead or exemption as may be set apart in bankruptcy, to pav this note in fu1T,'vr~th aZl co~'e of coUection,
and do hereby direct any trustee in bankruptcy having possession of such homestead or exemptiap~' to deliver to
~ the Holder a sufticient amount of property or money set apart as exempt to pay. the indebtedtfess evidpnced
~ hereby. or any renewal thereof, and do hereby~ ~ointly and severally, appoint the Holder the attorney in fact for
~ each of them, to claim any and all homestead exemptieng allowed by law.
A first mortgage for t e securitq of the aforesaid indabtedness is retained by OU'I'DOOR RES08TS OF
AMERICA, INC., on Lot N. ~`~in that certain Condominium known as OUTDOO~t BESORTS AT NETTLES
ISLAND, ai~d on any improvements, fixturea or after acquired groperty added thereon, as shown by plat re-
- corded in the Off'ice of the Circuit Court in and for St. Lucie Courty, Florida~ in Plat Book 16, page 1:1A
*hr~„~~~h 1.T. ~ .
- ~3 ~ = ~ ' - - - -
_ _ ~ ~:~i~ y°~ _