HomeMy WebLinkAbout2455 3 , . . . . . . . . . . _ . . . . .
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; ~a_~~30~ M O~ R T G A G E p~~""~ oscE~i,v~'"E'R'"s`~ P~~ °rr oF r~xEs
71 134. q~TS pF P~PERi r,
. / ~ER PO 19/1.
~ ~_lt'!{O ~'-tt_,,,~ ~1 ~ ~ ~a 0~' C~ XUI~~~. w ~~R'~ !!lI 1Tr~{:~;
; thc~ mort~,~a~~~r, in consideration of the pi•incipal sum specifieci iii the promissoi•y ~iote here~~fter''ii s~(~kS~I,~1~~
' rE~i~•ed fr~?m OU'i DOOR RF.SORTS ~F AIiERICA, INC., a corporation urg~tnized ~nd existin~; tuldei• the La~vs
~ of the State af 'I'enne,see, the 1liortgagor~ hereby~ on this ~ G__day~ of_~'~~~'C h _ , 1s 7r
~ m~~rt~,~a~;e. tu the iliortgagee the real pibperty in St. Lucie County, Florid~, described as:
~ ~ Lot I~o._~?~~~_in that cert:iin COIl(~OI111111U111 }{110\Vil ~s OUTDOOR
RESORTS OF Ab1ERICA AT \ETTLES ISI,A\D, <<s sho~~•tt by plat ~
4 recorded in the Offiice of the Circuit Gourt in and for St. Lucie County, ~
Floi•ida, i~i Plat Book 16; p~;ge 1:1~ throi~gh 1J. • - - -
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THIS IS A PURCHASE 110NEY ,1fORT(=A(~E ~
x~S TA~MPS
As ~ec~u•it~• far the p~~•n~ent of the proniissory nate of ~~~hich the follo«~ing is a copy: OR161NqC ~,jpT~
; Instaflment No~e and Disclosure Statement ~
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i S~ Z7~' ,~f
t ~ y~ fS~ - ~~j~ ~7/5-~,~'/~ -S~ GtJC'/ r ~ t~.V
~
1/ .Florida
~ zL-~?~h - 19~
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~ F~~r ~'alue Recei~•ed, I, ~~•e or either of us ~ ~
g promise to pa~ to the order of OUTUOOR RESORTS OF
A;IiEItICA, Ih'C., P. O.-Bo~~l~fr,-Jensen Beach, Flor ida, 33457, or anp other plac~~a~
~h~ holder Nerc~of may
de~i~n:ite in ~?•riting, the sum of~~~l1ov ~ o~ ~~~/_~~SC_
Ve~~y~~- rov ( d~ Dollars,
= this ~um l~ein~,? the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE
~ CIIARGE on the amount financed, payable in K.,L~S
~~C equal consecutire monthly installments of
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S_ $__~_`~L ~ each, and the first installment to become payable on the l s r-day of ~ru
y ~
t 1~ 7~ , a~id one such installment to Uecome due and payal~le on the- ~ S~ day of each succeeding month
' until the ~ti•hole of said indebtedness (Total of Payments) is paid. In the e~~ent of prepayment in full by cash
L _ before the tinal installmznt date, the unearned portion of the FII~'A_NCE CHARGE shall be reUated under
the Rule of 78's. - ~
t , . . .
~ ~ Li the e~•ent of default. in the due and punctual payment of any installment on this Note for a period of -
- thirt~• (30) daS~s, or if any siatement, 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, ~i~ITHOUT
~ THE PRIOR ~VRITTEN CONSE\T OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT
~ FOR ANY hiORTGAGE 1~'HICH 1S SECURITY FOF. THIS NOTE) OR OTHER~~'ISE DISPOSE OF OR EN- -
z GU1~iBER OR C0111MIT ANY BREACH OF THE MORTGAGE OR PER11iIT OR SUFFER ANY LIEN TO
Eh1ST ON '~'HE REAL PROPERTI' PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH -
TIIE CREDIT EVIDENCED BY THIS i~'OTE or in the event of the incompetency, insolvency (howsoever
- e~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then
= due shall become immediately due and payaUle at the option of the holder hereof ~sithout uemand, presentment
= or notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right-
to exercise the same at any other time. _ ~
3 ~ .
_ Time is of the essence of this IrTote. In the e~~ent any instaliment is not paid when due or within ten
days thereafter, the holder may collec~, and the undersigned agrees to pay a late charge on such inst llment in
an amount equal to 5% of such installr:ient-or $5, ~vhichever is less, and in the erent this Noteis;c lected by
la«• or through an attorney at law or under advice thereof, the undersigned agrees to pay all cos~of ollection,
includinK reasonable attorney's fees and court costs to the extent pei-mitted by Florida la~v. -..c
The undersigned and all endorsers or other ~
parties to this note jointl3~ and severally trans'~, convey and .
assign to the Holder a suflicient amount of such homestead or exemption as may be allowed,l't'F~icluding such
- homestead or exemption as may be set apart in bankruptcy, to pay ti~is note in full, with all costs of coIlection,
and do hereby direct any trustee in bankruptcy having possession of such homestead or exempti~'~'?-.~to de]iver to ~
~ the Holder a sufficient amount of property or money set apart as exempt to` pay the indeUt~ ss evideiiced -
~ hereby, or any renewal thereof, and do hereby, jointly alid s~~~erall~, appoint the Holder the attofney in fact for
# each of them, to claim ai.,~ and all homestead exemptions allowed by la«~. -
A first mortgage for the security of the aforesaid indebtedness is retaineci by OUTDOUR RESORTS OF
£ A;IiERICA, INC., on Lot i~~o.s`1 ~ in that certain Condominium known aa OUTDOOR P.ESORTS AT NETTLES
~ ISLA\'D, 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, Florida, in Plat Book 16, page 1:1A .
. through IJ. -
~ . BD~(~~ ~l1Gf~'~ .
~ ~ : . _ . . ~ _ i 5 0 ! 330
~