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Home My WebLink About1793 t ~ 223'734 M O R T G A G E _ ~ ! v~ , ~ . c~ as ~ ~ _ / _ _ ~ ~ ~ . ~ rh~• m~~rt~,?.~~,~ur. in cai.ideration of the principal sum specihed ~n the prom~~sor~• note hereafter descril,ed, re- ~~E•irc~d fr<?rn OiiTi)OOR RESORTS OF ADiERICA. INC., a corporation orKaniz and existing urder the Lav?s ~~f the State uf Tenne,.ee, the MortgaKor, hereby on this_a Z-_day of`_ ~e_r~ 197 m~~rt~,•a~,•e~ to the \I~,rt~;~igee the real pmperty in St. Lucie Cuunty, Florida, descriUed as: • Lot ~tu.. in that certain condominium known as OUTDOOR RF.SORTS OF A111F.R1('A AT NETTI.F.S ISI.AND, a~ shoH•n by plut rer~n•deci in the Oflice of the Circuit Court in and for St. I.ucie ('ounty. Florida, in Plat Rook 16, page 1:1A through 1J. THIS IS A PURCHASE NONET ~IORTGA(.E ~E~•urit~• tur the parnient c?f the promissoi•y note of which the follo~~•in~? is a copy: Installment Note and- Disclosure Statement RFCF'VED S~lO--~ ~N F4~;t!E'I~ OF T~+.xES ~~Q~ G~ ~.Qi}C~__~ Florida ; ~'~f23,~ - - - C~ E CN ~L..~~ 'S' !.".:.4'~CtBI~ 'r=:~ :'~i~ ~ "tClC::IT. - ___'y~~ ~ - - - PURSUAYT TO CH:dP1ER 71-13A. AG~ Of I~71. _~~"L~ _ 19~~ ROi,ER P01(RAS. C~e+k Grwit Co~rL SL Lucie Co. Ra. H~~r ~'alue Recei~•ed, I, ~~•e or either of us prum ise to pay to the order of OUTDOOR RESORTS OF :~~lERI('A, Iti('., P. O. Kox 1116, Jensen B ach, Flor ida, 33 57, o any o a~ ~t~j~~y~de hereof may ~ y ( ~1~~>i~;nate in ~sritin};. the sum of.~~l~~_1_l1-UVS.~-~t/_ ~0~~ v ~LcQ s ~ ) Dollars, thi: ~um bein~,• the Total of PaymeMs referred to in the Di,dosure Statement below, which inc udes a FINANCE ~ fiARGE on the •imount financed, pa~able in-_ d_______-_equal consec ~y~ monthly installments of ' rt ` 3" each, and the first installment to become payabte on the ~S day of-~~- . 4 . _ f E 1'.~ and ~~ne such in~tallment to I,ecome due and payable on the_I _day of each succeeding month ~ u nt il the ~~~hole of said indebtedness (Total of Payments) is paid. In the event of prepa~ ment in full by cash ~ ~~~•f~?re the tina) installment date, the w~earned portion of the FINANCE CHARGE shall be rebated under ~ the Rule nf 78's. ~ ~ In the e~~ent of default in the due and punctual payment of any installment on this Note for a period of ~ thirty (30) days, or if an~• statement, representation or v?~arranty in any application for the credit evidenced this 1~'ote is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT y "I'}iE PRIOR «'RITTEti ('OIv'SF.NT n~ THF. ~IOLDER HEREOF, SHAI.L SELL, ENCUMBEB tEXCEPT ~ F't1R A:~Y ~IORTGAGE «'HICH l~ S~:CURITY FOR THIS h'OTE) OR OTHER~VISE DISPOSE OF OR EN- ('[1:VIBER OR ('04i~itT A\~' RRF.A('H OF Tt1E MORTGAGE OR PERMIT OR SUFFER ANY LIEh' TO E:.l'IST ON THF. REAL YROPERTl' PtiRI'HASED BY THF. U:~DERSIGNEU AND FINANCED THROUGH ~ TIIE CRED[T F:VII~ENCEll RY THIS NOTE or in the event of the incompetency, insolvency (howsoever e~•idenced) or I,ankruptcy of anyone or more of the undersiRned, then the entire remaining indebtedness then ~ ~it~e shall i~ecome immediatel~• ci~ie and payable xt the option of the holder hereof without demand, presentment „r notice of any kind. An~- failure uf holder to exercise said option shall not constitute a waiver of the right ~ t~, exercise the same at an~• other time. Time is of the es~ence nf this :~'ote. in the e~•ent an}- installment is not paid when due or within ten ~iay~s thereafter, the holder ma~• collect, and the undersik?ned a~*rees to pay a late charKe on such installment in ~s xn amount egual to 5'~ ~f such installment or $5, whiche~er is les., and in the event this Note is collected by = law or throu~h an xttorne~• at la~~• ~?r under advice thereof, the ~indersiKneci agrees to pay all costs of collection, includin~ reationat,le attorne~•', fee~ and court custs to the extent permittecl by Florida 1aw. ~ The nt~dersiRned and all endorsers or other partie~ to this note jointly and severally transfer, com~ey and assi~,rn to the H~~Ider a suflicient amount of surh homestead or exemption as may be allowed, includinK such homestead or e~emption as may }~e set apart in hankruptc~•, to paS this note in full, w•ith all costs of collection, and do herehy direct any trustee in bankruptcy having posse.sion r~f such home~tead or exemp~ion to deliver to the Nolder ~ sufficient amount of property ~~r money set apart as exempt to pay the indebtedness evidenced herehy, ~~r ant• rene~~•al thereof, and du hereby, jointly and ~e~~erallp, ap~int the Holder the attorney in fact for ~ each of them, to claim any and all homestead exemptions allow~ed by law. A first morty;age for tty e ity of the aforesaid indebteclnesti is retained b~~ OUTDOOR RESORTS OF ~~biE~:Rtf'A, INC., on l.~~t \'o ~~~n that certain Condominium known aa OUTDOOR RESORTS AT I`ETTLES ItiLA11), and on any improvement~, fixtures or after acquired pmperty added thereon, as shown by plai re- ~ c~~rded in the Office of the Circuit ('ourt in and for St. Lucie ('ounty, ~lorida, in Plat B~,uk 16, page 1:1A throu~*h 1J. ~ s~o~1y9 Ff,~~1?92 5' ~ . . _ - ~ ~S"~:'`]... . _ . -~2. .e- .