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Home My WebLink About2398 2~~~ MORTGAGE v o ~ ~ • i . ry , ~-C.~- rY e ! : . rf Warren_ F._ or Ruth R, __Carson~ 2.?4_ Duckpond Dr. . Wantagh_~__.N~ Y, _ 1174~__, ?hr iuurt~,~aKur, in co?isideratia~ of the principal sum specihecl in the promissor~• note hereKfter ciescril~ed, re- ,~•~~~ed from OL'T1~C10R RFSORTS OF A1tERICA~ INC., a corporation organizeci xnd existing ~iiider the LaK~s ,i tht~ ~tate ~?f Tennessee, the Diortgagor. hereby on this_ 26_ ___dxv ot'_October__ 19~1 . ~ n:~~rt~;u~,•.~• t~~ the \iort~;ugee the re.il property in St. Lucie County, F'lurida. descriUed as: Lot No.l?~1~12___in that certain condomiuium ~i110N'll as OL'TDOOR RESORTS OF Ar1ERICA AT NETTI.ES ISLAND, as shoH•n by plat recurded in the Ofhce of the Circuit Court in and for St. Gucie C~unty, Florida, in Plat Rook 16, page 1:1A through 1J. ~ THIS IS A PUBC:HASE ~1UN~Y riuei~i'~:ai.~ ~E~urit~• f~~r the pu~~ment of the pmmissory note of ~vhich the falloH•ing i, u copy: e~:;y ~•i,n~ '':~e~ cr;~~^.al rt lnstaliment Note and Disclosure Statement ~r;,,:~~ : ~~90.00 -_,~t,~}~cje_-_C.Q11t1~ Florida - is_Zl F~?r ~'alue Receireci, 1. ~re or either of u~ prom i.e to pa~~ to the order of OUTDOOR RESORTS OF :a ~iF:RI('~. 1\'('.. P. O. Rox 1116, Jemen Beach. Flor ida, 33957, or any other place as the holder hereof may ~i~~;i~nate in ~~•ritin~,•, the sum ofEignt thousand one hundred_ninetY ~8.190.04~ ~llars, ~~;i: .um bein~,? the Total of Payments referred to in the Disclosure Statement Uelow, which includes a FINANCE i ARGF. on the amount financed, payable ir~- --_~2Q_ - equal consecutive monthiy installments of ~ ? i36. ~Q_ _ _-each, and the 6rst instaltment to become payable on the 1St day of~eember 1'.~ and one .uch in~tallment to become due and payable on the___lst day of each succeeding month ;,~~.til the Hhule of .aid indebtednes, (Tota! of Payments) is paid. In the erent of prepa~ment in full by ca.gh !~•f+~re the hnal in~tallment date, the tuiearned portion of the FINANCE CHARGE shall }~e rebated under ;h~~ Rule af 78'~. In the erent of default in the d~ie and punctual payment of any installment on this Note for a period of ~!~ii•tr (30) da~•s, or if an~ statement, representation or warranty in any application for the credit evidenced - this I`'ote i~ found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT ?~EiE PRIOR \~'RITTEN ('Ol~'SE~T OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT }~'~~R A:~'Y biORTGAGE «'HICH 1S SECURITI FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~'t'fiiBER OR CO:~iNIIT ANI' RREACH OF TNE MORTGAGE OR PERDiIT OR SUFFER ANY LIEN TO ~ f~:~IST ON THE REaL PROPERT~' PL'RCHASED BY THE UNDERSIGNED AND FINANCED THROUGH i "t'I~E CREDIT EVIDEI~'('Ell BY TH15 Iv'OTE or in the event of the incompetency, insolvency (howsoever ; e~~idenced) or bankruptc~ of an3•one or more of the undersigned, then the entire remaining indebtedness then ( ~i~~e shall become immediately due and payable at the option of the holder hereof without demand, presentment e ~~r notice of any kind. Any failure of holder to exercise ,aid option shali not constitute a waiver of the right t t~~ exercise the sam~ at any other time. s ~ Time is of the essence of this \'ote. In the e~•ent any installment is not paid when due or within ten ~1a>•s thereafter, the holder ma}• collect, and the undersiKned agrees to pay a late charge on such instailment in 4 .tn amount equal to 5'~~ of such installment or $5, whiche~-er is less, and in the event this Note is collected by ' :aK- or through an attorney at laH- or under advice thereof, the undersigned agrees to pay all costs of collection~ ~ i ~;cludink~ reasonable attorne~'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 se~erally transfer, convey and ~ a<sign to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such ~ hnmestead or exemption as may be set apart in bankruptc~, to p1y this note in full, with all costs of collection, ~ and do hereby direct any trustee in hankru~tcS• having posses~ion of sur_h homestead or exemption to deliver to ~ the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced ~ hereby, or any renew•al thereof, and do hereby, jointly and ,e~~erall~•, appoint the Holder the attorney in fact for ~ each of them, to claim any and all homestead exemptions allo«•ed by law. ; A first mortgage for the_sec ~t~tc~f~~ie~foresaid indet,teciness is retained b~• OUTDOOR RESORTS OF a:1tERTCA, 1NC., on Lot No~1-Z ~n that certain Condominium known aa OUTDOON RESURTS AT NE~t~~~LEj ISLA;~T?, and on any improvements, fixtures or after acquired property added thereon, as Shawn by plat re- ~ corded in the Office of the Circuit Court in and for St. Lucie ('ounty, Florida, in Plat Book 16, page 1:1A `3 through 1J. This Instrument Prepared Sy Lynn Rawley ~ Outdoor Resorts of Amwic~, la~ 3 = , ~ ' ~E p~a CL~S: .V1.~3a, i",`' ~ f'.a. _ ~;;i„n ;o cw~4 ;t ` ' ~O ~h" ~;,;tl li~,,,t yG, i ~J ` L~ - (O 3~ = F, ~ ~i-rn ~ _ _ _ :'1 ~~!y~:~•~t r~[ TYr~ ~ C~:E C'1 : ~ . 'C' _ ',~.T . .'t c?i1, - F'!', _i.'.i l~` {"r•?P... !fa. n:lJ ~i 1'.i i. (+~~:t,~ . . 1 . - .J' ~ ~L~~~ li']. `~t f!a. i ) , / : /L, ~c z f ~t~` ; 0 R ~~p b001c ~'~70 ~AGf ~,~n~ n_.,.. ~,A _ , ~ _ . ~ _ .