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Home My WebLink About2434 222144 MORTGAGE 1.-~ = ~ ~Tilliam an~ Virg~nia V. kdads~_3E~~-=O ~ainbrid~e :~.d., So1c.:~Chie , ?n~~ m~~rt~,~a~,~ur, in consideration of the principal sum specified in the F~romi.-~or~ n~~te hereafte: described~ r~ ~~~•i~•ed frnm Ot~'I~OOR RF.SORTS OF AMERICA. ING. a coi-poration org-anized and exi.ti»~; i:nder the Laws ~:i tfi~ ~tate of Tenne~.ee, the Mortgagor, her2bt on this 2.4__da~~ of_ __~1_~' - - ; 19_2~_, n~~~z•t~,~xge~ to the :1lortgagee the real propert~• in St. Lucie Count~•, Florida, described xs: - ~ection 1 Lot I~o.421 __~n that certain condominium knoH•n a.t OL'TDOOR RESORTS OF A:11ER1C'A AT ?~ETTLES ISLAtiD, as shuw•n b~• plat recorded in the Office of the Circuit Court in and for St. Lucie ('-ount~ . st,,..;a., vl~t R.,.,ti 1R /1R(TP 1•1 A thmi~oh 1.T. a ,va,ua., . _ • r--c-- - - - . TH1S IS A PURCHASE M01E1 MOBTGAGE _a~ ~E~curit~• for the pa~•ment of the pmmisso~y note of which the follow•ing is a copy: Instaliment Note ~and Disclosure Statement , z~fs g C ~AY:~ c~ $~0.00 ~,~~,v~~ s___--- - ~ ,~:~~~~:Y, St. Lucie Count.~_ , Florida - i ~ . ~,c-; •P• Iti;A'~~~u-` ~,.y 3C ,9~1. ~1OCUmertary Stamp~ p,;rs~i?>iS lc ccvlr-E~ ._-1~" ~ :e ~r...ee c~~F,na~ no1~ Jul ' 2 19~_ ~Lp P`~t~. C+~ ~ ~ r:~ i~ y'`~a,~~ ir.0 cancelied fG~ F~~r ~'alue Recei~•ed, 1, ~~e or either of us prumise to pay to the order of OUTDOOR RESORTS OF ,~t~: ~.~ir ~ Ta:r p n R~~a t t 16. .ipnsen Reach. Flor ida. 33457, or any other place as the holder hereof may ;i~•~i~nate in ~.•ritin~,~, tt?e sum of-Five thousand eight hundred fifty ~ 8 0.00) ~llars, ~ i~i; ~~im Lein~? the Total of Pa~•ments referred to in the Uisclosure Statement beloH•, which includes a FINANCE ` +}~.~RGE on the amount financed, payable in____ _ 60 equal consecutive monthly installments of ~ ~ ?~Z•50_ -each, and the first installment to become payable on the_~~-day of SPnte~~r , ~ ~ 1'.~ ~ind one such in~tallment to l,ecome due and pa~aLle on the_____~St da~ of each succeeding month ;~~til thE w•hole of ~aid indebtedness (Total of Pa~~ments) is paid. In the event of prepayment in full by cash ~ !~t~f~~re the final inctallment date, the unearned portion of the FINAI~'CE CHARGE shall be rebated under ' ~ E~ ~{ule of i 8's. ~ In the e~•ent of default in the due and punctual pa~ment of any installment on this Note for a period of ~ ? hirt~• (30) days, or if an~~ statement, representation or warrant~ in any application for the credit evidenced x thi5 Note is found to 1,e untrue in an~• material respect, or in the event THE UiVDERSIGNED. WITHOUT ~ "I'HE PRIOR «'RITTEti CO:~SE\T OF THE HOLDER HEREOF. SHALL SELL, ENCUMBER (EXCEPT r- FnR AN~' MORTGAGE V~'HI('H 13 SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OK EN- ~ ~'t'MBER OR COM:4IIT ANI' RREACH OF THE MORTGAGE OR PERM[T OR SUFFER ANY LIEI~` TO ~ E~IST ON THE REAL YROPERTl' PL'RCHASED B~' THE L'NDERSIGNED AND FINANCED THROUGH ~ THE CREDIT EVIDE?~('ED B~" THIS :~OTE or in the event of the incompetency, insolvency (howsoever ~ et-;denced) or bankruptc~~ uf an3•une or more of the undersigned, then the entire remaining indebtedness then ~ c3ue shall become immediately due and pa~~able at the option of the holder hereof v~ithout demand, presentment c~r notice of any kind. Any failure c,f holder to exercise said option shall not constitute a waiver of the right ~ to exercise the same at an3~ other time. ~ Time is of the estience of this :~vte. In the e~~ent any installment is not paid when due or within ten - da~•s thereafter, the holder ma~• rullect, and the undersiKned agrees to pay a late charge on such installment in ~ ~n amount equai to 5',~ ~f such installment or whiche~•er is less, and in the erent this No~e is collected by ` law• or throuKh an attorne~• at law- or under a~vice thereof, the undersigned agrees to pay all costs of collection. _ _ ~nrludinK reasonaLle attorner', fee~ and court custs to the extent permitted by Florida law. - The undersigned and all endorsers or other partie~ to this note jointly and severally transfer, convey and assiKn to the Holder a sufficient amount of surh home~tead or exemption as may be allowed, including such - = homestead or exempt:on as may be set apart in f,ankruptcy, to pay this note in full, with all Costs of eollection, and do hereby direct any trustee in bankruptcy having pusses:;ion of such homestead or exemption to deliver to the Holder a ~ufficient amount of property or money set apart as exempt to pay the indebtedness evidenced herebS~, or am~ renewal thereof, and do herei,~•, jointly and se~•er<~llp, appoint the Holder the attorney in fact for each of them, to claim an~ and all homestead exemptions alloK•ed by law•. - A first mortgage for the securit~• of the aforesaid indel,tedness is retained by OUTDOOR RESORTS OF = AMERICA, INC., on Lot tio. 4~"~~itt~~'re~tain Condominium known as OUTUOOR RESORTS AT NETTLES ISLAND, and on any improvements, fixturec or after acquired property ad~ed thereon, as shown by plat re- z=~;. corded in the Office of the Circuit Court in and for St. Lucie County, Florida~.h;ir~_~11~j`E~~a}~ ~8e 1:1A through 1J. ~ PAGr U,;::.~, L-~. Ar,:?ri~a. InC. ~aK1y8 2431 ~ ~ hc~:~~f ~ , , ~ - _