HomeMy WebLinkAbout0522 . ; .
_ ~
~
t
;
r
. . ~ .
_ ___.r.....~.,~.;..-.--
3~ d4 t~ R T E _
~
the mortgagor. in conaideration of the p n sum sgecified in the promissory r.ote hereafter described. re-
ceived from OtJTDOOft RESOItTS OF AM ICA. INC.. a corporabon organi d n exist'ng under the Laws
of th~ State of Tennessee, the Mort~agor. hereby on thi day of 19~_^
mortgagea to the Mortgagee the reat property in St. Lucie unty, Fiorida, d bed as:
tr
y~ v Lot No. ~~in that certain condominium known as OUTDOOR.
RESOR OF AMERICA AT NETTLES ISLAND, as ahown by plat
° recorded iri the Office of the Circuit Cour~ in and for St. Lucie County, ~
Florida, in Plat Book 18. page 1:1A throu~h 1J.
u ~ THIS IS A PURCI~ASE MONEY MORTGAGE _
As secL~ity ~pr the payment pf the promissory note of which the following ia a copy :
In~tallment Note and Disclosure St e ent
_ .
g ~ ~~u+sERS • DOU Florida -
„c~ o~tY . ~5oa-sa~- io~G - l~
" 19.~~
For Value Received. I. we or either of us promise to pay to the rder of OU'd'~OOR R~ESOATS OF
A;~iEBICA. INC., P. O. F3ox 11 6. s Beach~ l,Qr ida 3345 , ~y th place as ~~der hereof may
designate in writing, the sum of ,
this sum being the Totai of Pay ts referred to in the Disclosure Stat en below, which u es a FINANCE
CHARGE on the amount financed. payable in ' equal consecutiv monthly ' tallments of
~v~ each, and the Frst installment to become payable on t day of
19~.` an~ one such installment to b:~come due and payable ron th~. day of each succeeding month .
' vntil the whole of said indebtedness (To!al of Payments) is paid. In the event of prepayment in full by cash ~
i
~ before the finai installment date, the unearned portion of the FINANCE CHAAGE ehall be rebated under ~
i the Rule of 78's. ~
~
~ .
E 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 UNDERSIGNED~ WiTHOUT
THE PRIOR WRITTEN CONSENT OF THE HOLDER IiEBEOF, SHALL SELL. ENCUMBER (EXCEPT
FOft ANY MOBTGAGE WHICH 1S SECUftITY FOB THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
CUMBER 08 COMMIT ANY BREACH OF THE MOftTGAGE - OR PERMIT Oft SUFFER ANY LIEN TO
EXIST ON THE REAL PROPERTY PURCHASED BY~ THE UNDERSIGNED AND FINANCED THROUG~I
THE CREDIT EVIDENCED BY THIS NOTE or in the event of the inoompetency, insolvency (howsoever
evidenced) or bankruptcy of anyone or more of the undersigned, then the entire ~emainin~indebtedness then
due shall b~come 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 opfian shall not constitute a waiver of ~ne right
to exercise the same at any other time. .
- Time ia of the essence of this Note. In the event any installment is not paid when due or within ten
days thereafter, the holder may collect. and the undersiened agrees to pay a late charge such installrs~ent in
~ an amount equal tc~ 5~ of such in3tallment or $5, whichever is less, and in the event this Note is collected by
~ law o~ through an attorney at law or ander advice thereof, the undersigned agrees to pay aU costs of collection,
~ including reasonable attorney's fees and court costs to the extent permitted by Florida law.
~ The undersigned ar~d all endorsers or other parties to this note jointly and severa'tly transfer, convey and
assign to the Holder a~uBScient amount of such homestead or exemptinn aa rr~ay be allowed. including such
~ homesteacl or exemption as may be set apart in bankruptcy, to pay this note in full, with a11 costs of collection~
and do hereby derect any trustee in bankruptcy having possession of ::uch homestead or exemption `o deliver to
the Holder a sufficient amount of property or money set apart as exempt to. pay the indebtedness evidenced
hereby, or any renewal thereof, and do herehy, jointly and severaliy, appoint the Holder the attornPy in fact for
each of them, to claim an~ and all homestead exemptions allowed by law.
A first mortgage for e~ of the aforesaid indebtedness is retaineJ by UUTDOOR RESOBTS OF
AMERICA~ INC., on Lot No.~~n that certain Condominium known as OUTDOOR RESORTS AT NETTLES
ISLAND, and on any ir~nprovements, fixtures or after acquired pmperty addeti thereon. as shown bp .plat re-
corded in the 09ice of the Circuit Court in anu for St. I.ucie County, Floric~a, ~ Plat Book 16, nage l:lA
through IJ. ~ ~
Frt~
~ : ~ _ _ _ _
~ ~.~y e~
_ _ . _ -