HomeMy WebLinkAbout0482 ' • f - .
~
4 .
~
~ r i~ /f ~ . M O T A E 3281`~4
' /~"a~,~r~~ ~ ' ' ~
.
the mortgagor, in consideration of the principal sum specified in the promi y note he ft r described. r~-
ceived fro*nt. OiJTDOOR RESORTS OF AMERIGA, INC.~ a corporation organize n~ e~ 'sting under the Laws
of the State of Tennessee~ the Mortgagor. hereby on this .~day of 19~~,
mortgages to
the Mortgagee the real pro~rty in St. Lucie County~ Fiorida; descri as: • ~
.i~~--
~1~,~ ~ Lot No in that certain condominium known as OUTD008 _
,r• RESORTS OF AMERICA AT NE'!"I'LES ISLAND, as ahown by plat
~ recorded in the Oflice of the Circuit Court in and for S~ Lucie County,
' Florida, in Plat Rook 16, page 1:1A thmugh 1J. ~~isE~s •
~ THI3 IS A PURCHA3E MONEY MOI~'1,Q9~E •~~-SO/ D8~-~~
,
As security iar the payment of the promiss~ry note of whi~~ following -is a copy : -
. : ins~allm` "~~~osure State e ~ ,
w~~ z~ ~
S~~L ~s•~ ~
~n;~.; ~ ~ Flor~d=
~~~.,,~t a ~y,
t= ~ ~,x.{i
_ ~/~i• c
~t ~`c. ' . 19_~.~._
For Value Received, I. we ~either of us promise to pay to the o r of OUTDOOR 8E30RT3- OF
A;VIERIGA, INC.. P. O. Box -1116. Je Beach, ida 33457. or ny r place the holder hereof may
designate in writing~ the sum of ~ ~u~,
this sum being the Total of Paym ts referred to in the Disclosure 3tat en below. which includes a FINANCE~
CHARGE on the amount financed, payable in Q equal consecutive monthly installments of
$ ~~1 ~ each, and the first installment to become payable on th day of
19~and~n e such installment to become due and payable o~ th day of each succeeding month
~ until the whde of said indebtedness (Total of Pa ~
; yments) is paid. In the event of prepayment in full by cash
j before the final installment date. the unearned portian of the FINANCE CIiARGE ahalI' be rebated under .
the Aule 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 respect, or in the event THE iTNDERSIGNED, WIT~IOUT ~
THE PRIOR WRITTEN CONSENT OF THE HOLDEB HEREOF, SIIALL SELI.. ENCUMBER (ERCEPT
FOB ANY MOATGAGE . WHICH 1S SECLTRITY FOR THIS NOTE) OR OTHEBWISE DISPOSE OF O~t- EN-
CUMBEB OR COMMIT ANY BREACH OF THE MOftTGAGE OR PERMIT OR, SUFFEB 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, ineolvency (howsoever
evidenced) or bankruptcy of anyone or -more of the undersigned, then the entire remaining indebtedness then
~ due shall beoome immediately due and payable at the option of the holder hereaf without demandf 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. -
1~me is of the essence of this ~h'ote. 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 char~re on such installment in
~ an amount egual to 5~~ of such installme*?t_ or $5, whichever is less, and in the event this ~Note ia collected by
~ law or thmugh an attorney at law or under acivice thereof, the undersigned agrees to pay sll oosta of collection, -
~ including reasonable attarney'~ fees and court costs to the £xtent permitted by Florida law.
~ •~""~~'1`he:unders:gned and all endorsers or other parties to this note jointly and severally transfer. convey and
asai~n to tbe'~iolder s suflicient amount of such homestead or exemption as may be allowed, including sach
t~e~t~ie$t~-Qr..ei~emption as may be set apart in hankruptcy, to pay this note in full, with all costs of collection,
and do"beretiy'di~c~ any trustee in bankruptcy having possession of such homestead or exemption to deiiver to
t~ ~1der_ a~sufHcient amount of property or moneq set apart as exempt to pay the indebtedness evidenced
he~l1 ~r, or ar~y ~xe~ewal thereof, and do hereby, jointlq ar.d severally, appoint the Holder the attorney in fact for
~c~id~,then3, to:cl~im ai:u and all homestead exemptions allowed by law.
, ,
,{T~,l~;,~r~.mortgage for t e secyrity of the aforesaid indebtedness is retain~d by OUTDOOR BESORTS OF
AAIER~GA; INC., on Lot No.~~in that certain Condominium knowtt as OUTDOOH RESORTS AT NE"fTLES
ISLAND, and on any improvements, fixtures or after acquired property added thPxeon, as shown by plat re-
corded in the Of~'ice of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A
~ through lJ. ~~Q ~ ~
~ _ - e~7 ~~7
- _ . _ _ _
_ ~
~ ..~-Y~~~ r~
_ ~
~ ~ ~z,~ s ,
_ . s_ ~ -z:: • . . , . _ _ ~