The URL can be used to link to this page

Home My WebLink About2447 : . _ . . , _ f ' - ' ~ ~ ~ , ~ ' ' 1~ECEIVEO ~ ~~J ~~0~ M O R T G A G E pu ~M CIASS ' S~N PAYMEfVT OF TN(ES ; R~ T T p ~NT/If~F~18LE PEi~.: l A~ p • 5 ~ . . NAPTER 71•134. ~CTS ~pER~ r, ~ - ~`~ig/-.~--% L'n'!»~-_-~~~?~.)!---~-.~-~ ^ ~~-po~., ~ °-F iyi'• . ~ the mort~;.~~;or, in r.oi~siderltion of the princip~l sum specified in the promissory ~~ji , s ibed, re- f ~•c~i~•ecl frun~ OUTI)OOP. RESORTS OF ADIERICA, INC., a coi•pori~tion organized ~~nd existin~u i~ r~~~~«~s ~ 7/~ c?f the St~tte of Tennes~ee, the 11'iortbagor, hereUy on this_~~__day ot` ~2?_~_~1_L , 19Z,~_, ~ murt~,~il~,re~ to the \iortgagee the real property in St. Lucie Coimt~•. Florid~, ciescribed as: , ~ I.ot No.~~~ ~ in that certain condoniinii~ni kno~~•n as OUTDOOR - C~ P.FSORTS OF A~IERICA AT 1\ETTLES ISI~Al\TD, ~is sho~~~n by pl~t ' \ - recordeci in the Oflice af the Circuit Court in and for St. Lucie County, ~~~ps - Florida, in Pl~t Book 16, page 1:1A throu~;h 1J. ~~XEp 10 ~ - THIS IS A PURCHASE ,1I0\El' 110RTGAGE oR~ctnn~ N07E ~ ~ x As securit~• foi• the pa~~ment of the promissoiy note of which the follo~~•in~; is a copy: ~ _ - = Installment No~e and Disclosure Statement- ~ ~ ~ S~ ?~C~ _ ~~1~~' I 1~~~>/S v T G v ~ ~~~z~r~' ~'iorid= € l/ 7 / ; . f~•~ C/~ v`Z Cn 19~ _ ~ F~r ~'alue Recei~~ed, I, «•e or either of us ~~romise to pay to the order of OUTDOOk RESORTS OF * A\iER1('A, li~'G., P. O. Box 1116, Jensen Beach, ~'lor ida, 33457, or any other place as the hold~r~~i~f r:~ay ~ - . ~ de~igi~ate in ~?•ritin~,~, the sum of TWFL u i' T/.1-o~S1jNQ N~ .G ~.voir;~p ini "i~v~~~c~c Doilars, this ~um bein~ the Total of Payments referred to in the nisclosure Statement below. ~vhich includes a FINANCE . ~ CI~~RGE on th~ aniount financed, pa~~able in ~v f~ equal consecutive monthly installments of ; S ~a~~ each, and the first installment to become payable on the%,~~~~ay of_1YI/4 Y = 1~_ 7--7, and one such installment to become due a~td y g payable on the-.1.~da of each succeedin month ~uitil the «•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash = l~efare the final installment date, the unearned portion of the FI1\T~I~`CE CHARGE shall be rebated under f . the Rule of ~8's. . - # In the e~•ent of default in the due and punctuai payment of any installment on this Note for a period of ~ thirty (30) days, or if any statement, representation or tivarranty 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 TH~ PRIOR «'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMEER (EXCEPT ~ FOR ANY MORTGAGE ~VHICH -1S SECURITY FOR THIS r'OTE) OR OTHER«'ISE DISPOSE OF OR F.N- , ~ CiIMBER OR C011i1~iIT ANY BREACH OF THE l~iOR'I'GAGE OR PERIiIT OR SUFFER ANY LIEN TO - EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FIh'ANCED THROUGH ' THE CREDIT EVIDENCED BY THIS I~'OTE or in the. event of the incompetency, insolvency (howsoever eridenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then _ due shall become immediately due and pa~~able ai ~he option of the holder hereof without demand, presentment ' or tiotice of an3- kind. Any faiture of holder to exercise said option shall not con~titute a~Fai~~er of the right ~ ~ to exercise the same a~ any other time. - ~ S ; - Time is of the essence of this Note.~ In the event any installment is not paid when due or within ten _ days f,hereafter, the holder may collect, and the undersigned agrees Yo pay a late charge on such,~nst Iment in E an amount equal to 5 J of such installment or ~5, whichever is less, and in the event this Note •is~ ected by law or through an attorney at law or ~nder advice thereof, the undersigned agrees to pay all cast,~„~of ' o~ectiqn, ~ i including reasonable attorney's fees and court costs to the extent permitted by Flor:da law. ~ - i - The undersigned and all endorsers or other parties to this note jointly and s~verally trans~r, convey and = 1 = assign to the Holder a suflicient amount of such homestead or exemption as may be allowed, ~cluci~ng such ~ _ homestead or exemption as may be set apart in~ bankruptcy,- to pay this note in full, titi~ith all co~~.of collectidn, t and do hereby direct any trustee in bankruptcy having possession of such homestead or exemptit~rt'`to delive~ _to = the Holder a sufficient amount of property or money set apart as eaemnt to pa~• the indebte~ess evidenced ~ hereby, or any renewal thereof, and do hereby, jointly and se~ erally; appoint the Holder the attoTney m fact for ; each of- them, to claim a~.~? ana all homestead exemptions allo«ed ~b~ la~v. - - f . . . ~ _ - . _ . : A first mortgage for the ec~ of~ the aforesaid indebtetlness is retained by OL'TDO~R RESORTS OF ~ A:1iERICA, INC., on Lot :~To. ~n that certain Condominium known as JUTDOOR RESORTS AT NETTLES ~ 1 ~ ISLAND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~ corded in the Office of the Circuit Court in and for St. Lucie County, Fiorida, fn Plat Book 16, page 1_lA ~ through 1J. - BOOK 2~~ PAGE~4~~ - ~ _ _ ~ - ~ ~ ~~/~/sb /3~~'- ,