Loading...
HomeMy WebLinkAbout0510 r , l . , 1 ' 1 ; _ . , i - - . ; ~ ~ - . - - ` ~ ' ' MORTGAGE ~ _ 28~. 5 . ~ t.,-~ o n~ x a ~~~.qu ~e ~ z~ ~-,c a? e.v~i ~Sc~,~ u~e...~~., the mortgag r. in consideration of the principal sum ~pecified in th~ promissory note hei~eafter de.~cribed. re- . cei~~ed from OUTDOOA RESORTS OF AMERICA, INC.. a corporation organized and existing vnder the Laws of the State of Tenness$e, the Mortgagor, hereby on this-~_~ day of 19~-r , mortgages to the Mortgagee the real property in St. Lucie Copnty. Flot•ida~ described . ~ ~ Lot No in that . certain condominium known as OUTDOOR ~ R~SORTS OF AMERICA AT NEITLES ISLAh'D. as shov~•n by plat S recarded in the OflSce, of the Cireuit Court in and for St. Lucie County~ ~{j° Florida, in Plat Book 16. page 1:1A thmugh ld. THIS IS A PURCHASE MONEY MORTGAGE As se~urity for the payment of the promissory note of which the following is a cogy: Instailment Note ond Disclosure Staterr~ent . ~c~c! ~ ~ ~t,tG! ~S ~ ~ N~ ; ~~Gb?~-5o%/Da5-ooa~9 . - ~o~iaa ~ 19Z . For Value Received~ I~ we or either of us promise to pay to the order of OUTDQOR RESORTS OF AMERICA. 1NC., P. O. Box 1116 Jensen each. Flor ida, 33457. or any other place ~the holder hereof ma~i designate in writing~ the sum of- ¢ Dollars, this sum being the Total of Payments referred to in the Disclosure Statement ow, w ich includes a FINANCE CHARGE on the amount financed. payable in equal consecutive monthly installments of S 7~"each, and the first installment to become paya~le on thp day of j,Q'~ . ' 19~, and one such installment to become due and payable on thP 1~ day of each succeeding month ~ until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ t~efore the final installment date, the unearned portion of the FINANCE CHARGE shall be rebated under the Rule of 78's. - In the event of default in the due a..*?d punctual psyment of any installment on this Note for a period of thirty (30) days. or if any statement, representation or warranty in a~y application for the credit evidenced by this Note is found ta be untrue in any material respect, or iri the event THE~ UNDERSIGNED, WITHOtIT THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL. SELL, ENCUMBER (EXCEPT FOR ANY D+IORTGAGE WHICH ZS SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF 08 EN- CUMBEft OR COMMIT A;~TY BREACH OF THE MORTGAGE -Oft PERMIT 08 SUFFE~t ANY LIEN TO - EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CftEDIT- EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsaever evidenced) or banktuptcy of anyone or more of the undersigned. then the entire remaining indebtedness. then due shall become immediately due and payable al the option of the holder hereof without demand, presentment J or notice of any kind. Any failure of holder to exereise said option shall not constitute a waiver of the rigbt to exeicise the same at any other time.. Time is of the ess~nce of this Note. In the event any installment is not paid when due or ~vithin ten da~?s thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in ~ an amount equal to 5~~ 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 co3ts of collection, ~ ~ including reasonable att~rney'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 trans~er, convey and ~ assigm to the Holder a sufficient amount of such h~*+_?eQtead or exemption as may be allowed, including such ~ homestestd or exemption as may _be set apart in bankruptcy. Co pay this note in full, with all coats of colter.tion, ~ and do hereby direct any truatee in bankruptcy having possession of s~ch homestead or exemptioli to deliver to ~ the Holder, a suft'icient amount of property or money set apart as exempt to pay._ the indebtediiess evidenced hereby, or any renewal thereof, and do hereby, jointly and severally, appoint thz Holder the attor,i~ey in fact for ~ each of them, to claim any ar.d all homestead exemptions allowed by law. A first mortgage for the sec tq of the afores~id indebtedness is retained by OUTDOOB BESORTS OF A MERICA, INC., on Lot No in that certain Condominium knawn as OUTDOO~t RESORTS AT NE~"TLES ISLAND~ and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- cordea in the Oflice of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A 'hr-~~~c~h 1.1 - ; - k ~~x ~ _ : . . _ . _ _ X - _ ~ ~ ~ . ~ ~k - _ ~ .