HomeMy WebLinkAbout0584 1
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the mortgagor. onsideration ef e Frincipal sum specified in the promissory note hereafter described. re- _
ceived from O O~t RESO~tTS OF AMERICA, INC.. ~a corporation organi d ~ existing under the Laws
of t,}~,e State of Tennessee, 'the Mortgagor. hereby on thi~day of ~ 19~,
mortgage~to`the Mortgagee the real property in St. Lucie County, Florida~ d ribed as:
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v Lot No. in that certain condominium known as OUTDOOIt
ry RESORTS OF AMERICA AT NETTLES ISLAND. as ahown bq pl~t
~ ~ ~recorded in the Office of the Circuit Court in and for St. Lucie County~
F7orida. in Plat Book 16, page 1:1A through 1J. ~~~sEas +
THIS IS A PURCIi~S~ MONE OR
GAG~ _~03S-~O[~~
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As security for~the payment of the promissory not of whi wing ia a copy:
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- ' Installment No . ~~re Statem nt
$ ~ ' r~ti1~~ w" ~aflaa .
* S~~"`'~ ~92~
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For . Value Received, I~ we or eit ~ us romise to a to the order of OUTD008 RESORTS OF
~ P P Y
ANIERICA. INC.. P. O. Box 111 Jense Beach. r ida. 457; or any other place as the holder hereof may
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designate in writing~ the sum o ( ) Dollars,
this sum being the Total of Pa ts referred to in e Disclosure State nt below, which includes a FINANCE -
CHARGE on the ount financed, payable in ~ O equsl consecutive monthlq ' stallments of ~
• each, and the first instaUment to become payable on the~day of •
' 19.~ and one such installment to become due and payable on th 'O'r day of each succeeding month
until the whole of said indebtedness (Total of Paymentsj is paid. In the event. of prepayment in full by cash
; before the fina! installment date. the unearned portion of the FINANCE CHAItGE ahail be rebated under
~ the Rule of 78's.
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~ 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
t by this Note is found to be• untrue in any material respect, or in the event TIiE IJNDERSIGNED. WITHOUT .
THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBEA (EXCEPT ;
FOft ANY MORTGAGE WHICH 1S SE.CURITY FOR THIS NOTE) QIt OTHERWISE DISPOSE OF OR EN-
CUbIBEft OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT OB SUFFEIt ANY LIEN TO
EXIST ON TFiE REAL PROPER;'Y PURCIiASED BY THE UNDERSIGNED AND FINANCED TAROUGH ~
THE CREDIT EVIDENCED BY THIS NOTE or in tlie event of the incompetency. insolvencq (howsoever
evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness t~en ~
due ahall become immediately due and payabie at the option of the holder hereof without demand~ presentment
or notice of any kind. Any failure of holder to exereise said optian shall not constitute a waiver of the right
to exercise the same at any other time.
ltime is of the essence of this Note. In the event any instaltment is not paid when due ~ within ten
~ days thereafter, the holder may cell~t, 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 collecte~l by
law or through an attorney at law or under advice thereof. the undersigned agrees to pay aU coats of collection,
~ including reasonable attorney'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 transfer, convey and
~ assign to the Holder a sufl~cient amount of such homestead or exemption as may be allowed, including such
homestead or eaemgtion as may be set apart in bankruptcy, to pay this note in full. with all cests oi collection,
and do herebq.direct any trustee in bankruptcy having possession of such homestead or eaemption to deliver to
the Hojder a sufficient amount o~ property or money set apart a.s exempt to pay the indebtedness evidenc~d
hereby, or any renewal thereof, and do hereby. aointly and severally, appoint the Holder the attorney in fact for _
each of them, to claim ar.y and a11 homeste.ad exemptions allo~ved by law.
A first mortgage for t e security of the afore.gaid indebtedness is retained by Otl'fDOOR RESOItTS OF
AMERICA, INC., on Lot No.~'~~in that certain Condominiumfknown aa OL"TDOOR ItESOftTS AT NETTLES
~ iSLAND, and on any improvements, Raturea or afEer acquired property added thereon, as shown by plat re-
corded in the OfFice of the Circuit Court in aqd . for St. Lucie ~oun , Florida, in Plat Book 16~ page 1:1A
~ thrnugh 1J. E'el ~G?~t7 PA~E W~
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