HomeMy WebLinkAbout0526 r
. !
. 1
. ~
s
,
. ;
, .
~ .
;
- ~ ~
_ 3282v'7 M 0 R T G A G E .
~~_..~i/~~~.~Y R ~ N a~ ~b o~~ ~l • Cv~.~OD~er ~w/F~~ ~
the mortgagor,~ in consideration of the principal sum apecified in
th~
e pr~omrossory note her~after de$cribed. re-
ceived fromrOUTDOOR RESORTS OF AMERICA, INC.. a oorporation organized and existing under the I.$ws
of the State ~f Tennessee; the Mortgagor. hereby on this~_day of S~~ f , 191~,
mortgages tb.the Mortgagee the real property in St. Lucis County.' Florida, described as:
~~~i~ ~ Lot No. 88 7 in that certain condominium known as OUTDOOR ~
RESOBTS O~ AMERICA AT NETTLES ISLAND, as shown by plat
.y~ recorded in the 'OflRce of the Circuit Court in and for 3t. Lucie County,
+ Florida, in Plat Book 16. page 1:1A through 1J. ~ -
_
~ THIS I3 A PUIiCHA3E MONEY MOATGAGB
As security, for the payment of the pmmissory note of which the foUowing ia a copy: -
~
` Instollment Note and Disciosure Statement
$~3~-7' g° ~ -,o~ - s'~` G vcl c Co viv ~'y , Ftoriaa _
~~~R~:.~ ~ Soa . -.5'oI 3 ~o
uc~ t~rsr Se.o ~ - - ~19 7.1 `
For Value Received, I. we or either of us promise to pay to the order of OUTDOOR BESOftTS OF _
AMERICA. II~C.. P. O. Box 1116, Jensen Beach, Flor ida. 33467. or any other place as the holder hereof may
designate in writing, the sum of~.~,rf ~ vs.~.V e u c~i-co~iB/_
?~i~ -S'P~/P~u 8a ~ Dollars.
this sum being the Total of Payments referred to in the Disclosure 3tatement below~ which includes a FINANCE
CHARGE on the amount financed. payable in 6 O equal consecutive monthly installments of
g ~ 3 r~ ./~3 each. and the first installment to become payable o:: ~he ~ s r day of
19L, and one such installment to become due and payable on the ~ s r daq of each~ succeeding month
until the whole of saicl indebtedness (Total of Payments) is paid. In the event of prepayment in full by .cash
~ before the final installment date. the unearned portion of the FINANCE CHABGE shall be rebated under
~ the Rule of 78's.
~ -
dn 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 atatement. representatiaui or warranty in any application for the credit evidenced
by thia Note is found to be untrue in any material respect. or in the event THE ITNDERSIGNED, WITHOUT
THE PRIOIt WRITTEN CONSENT OF THE HOLDEB HEBEOF, SHALL SELL. ENCUMBER (EXCEPT ~
FOK ANY MOKTGAGE WHICH 1S S~CUR~TY FOR THIS NOTE) OK OTHERWISE DISPOSE OF OR EN-
CUMBER OR COMMIT ANY BREACH OF THE MORTGAGE OA PEBMIT OR SUFFER, ANY L-IEN TO
EXIST ON THE REAL PftOPERTY 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 ~vithout demand~ presentment
or notice of any kind. Any failure of holder to exereise said option shall not oonstitute a waiver of the right
to exercise the same at any other time. -
1~me is of the essence of this Nute. In the event any installment is not paid when due or within ten
days thereafter, the holder may collect, and the undersigned agre~s to gay a late charge on auch instaliment in
~ an amaunt equal to 5~ of such instatlment 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 aU costs of collection,
~ including rea.gonable attorney's fees and oourt coats to the extent permit±ed by Florida law.
The undersigne~l and all endorsers or other parties to this note jointly and severally transfer, convey and
assign to the Holder a suRicient smount 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 casts of collection, .
and do herebs• direct any trustee~in bankruptcy having possession of such homestead or exemption to dPliver to ;
the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedneas~ evidenced
- hereby, or any renewal thereof, and do hereby, jointly and severally, agpoint the Holder the attorney in fact for
each uf the»i. to claim si:,y and all homestead exemptions allowed by law. -
A first mortgage for the security of the aforesaid indebtedness is retained by OLTTDOOIt RESORT3 OF
AMEItICA~ INC., on Lot No.~~~~2~'in that certain Condominium known aa OUTDOOK RESORTS AT NETTLFS
1SLAND. and on any improvementa, fixtures or after acquired property . added theseon f as ahown by plat re-
corded in the 4flice of the Circuit Court in and for 3t. Lucae County, Florida, in Plat Book 16, page 1;1A
through ]J.
p:~~ 2~4~ ~A~~
~ ~ ._..f, r--r.r:-_:.> . `t ~
_~1 'y ~~r ` ~ . ~ - , ~ ~ . .
• _ - _ x ~'.a±+~'~'~- ' ~rsr'~`-~'~~~~~