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Home My WebLink About1813 223'750 M O R T G A~,E Travel Castles~ Inc.~ 214 Worcester St.~ Welleslev Hills. N.ass. 02181~ the mortgagor. in consideration of the principal sum specified in the promissory note hereafter descnbed. re- cei~•ed from OUTDOOR RESORTS OF AMERICA~ INC., a corporation organized and existing under the Laws of the State of Tennessee~ the Mortgagor, hereby on thia lst day of June _ 19~. mortgages to the Mortgagee the real property in St. Lucie County. Florida, described as: Section 2 Lot No 310/ in that certain condominium known ss OiJTD00~t RE30RTS OF AMERICA AT NETTLE3 I3LAND, aa ahown by plat recorded in the Oft3ce of the Circuit Court in and for St. Lucie County. F1orlda. in Plat Book 16. page 1:1A thmugh iJ. THI3 IB A PURCHASE MONEY ~O1tTGAGE ae eecurits~ for the payment of the promiaeory note of which the following is~ a copy: Instailment Note and Disclosure Statement RECE?VEO S I-Z• ~y ~ Count~, Florida $ C~}~~. Q~ DI:E OM Cl.".~S „ Iti^,?t ;,c.; r~,~'~ ~`T CF 7.'':'S Jt. i-11C12 y Puas~ar.r ~o c~~,~,,. . • 1 ~:;i. June 1 19? ~ ROi;ER POlii :.:ore ~,r~v:: C__rt. a:. L~ae Co. Fit. For Value Received~ I~ we or either of ua promiae to pay to the order of OU'TDOOR BESORTS OF AMERICA~ INC., P. 0. Box 1116~ Jenaen Beach. Ftor ida. 83467~ or any other place ~e the holder hereoi may de~+ignate in writing~ the eum o! Six thousand four hundred thirtv five ~ 64~5.00 )~p~. l this aum being the Total of Pay?mente referred to in the Diacloaun 3tatement below. which includea a FINANCE ' ~HARGE on the amount flnanced~ payable in 60 equal conaecutive monthty instaUmenta oi ~ ~ i07.2K each~ and the flret inatallment to become payable on the lst daq of Se~te~ber ~ ~ 19~~ and one such inatallment to become due and paysble on thp 1 s t day of each aucceeding month ~ until the whole of asid indebtedneea (Total ot Paymenta) ia paid. In the event of prepayment in full by caah ~ before the ~nal inatallment date. the unearned portion of the FINANCE C~iAKGE ahall be rebatsd under ~ the Rule oi 78'a. ~ In the event of default in the due and punctual payment of any inatallment on this Note for a period of ~ thirty (30) dqya. or if any statement. representation or warranty in any application for the credit evidenced ~ by thia Note Se found to be untrue in any materisi respec~ or in the event THE LTNDERSIGNED, WITHOUT ~ THE PRIOR WItITTEN CON3Eh'T OF THE HOLDEB HEBEOF. SHALL SELL. ENCUMBER (ERCEPT ~ FOR ANY MOBTGAGE WHICH 1S SECURITY FO~t THIB NOTE) OR OTHERWI3E DI3POSE OF OR EN- r CUMBER OR COMMIT ANY BREACH OF THE MORTGAGE Oft PERMI`T OIt SUFFER ANY LIEN TO ~ EXI3T ON THE REAL PROPERTY PURCHA3ED BY THE UNDERSIGNED AND FINANCED THROUGIi ~ THE CREDIT EVIDENCED BY THI3 NOTE or in the event of the incompetency. ineolvency (howscever ~ evidenced) or bankruptcy of anyone or more of the undersigned. then the entire remaining indebtedness then ~ due ahall beoome immediately due and payable at the option oi the holder hereoi without demand, preaentment ~ or notice oi any kind. Any failure of holder to exereise said option ahall not conatitute a waiver of the right to exarciss the aame at any other time. ~ ; Time ie of the esaence of this Note. In the event any installment is not paid when due or within ten ~ daya thereafter, the holder may collect, and the underaigned agrees to pay a late charge on such installment in ~ an amount equal to 67 of such installment or a6. whichever is less, and in the event thia Note ia collected by law ar through an attorney at law or under advice thereof~ the underaigned agrees to pay all coets of collection, _ including reasonable attorney's feea and court coats to the extent permitted by Florida lew. ~ The undersegned and all endorsers or other parties to this note jointly and severally transfer, convey and _ aseign to the Holder a auf~icient amount of such homestead or exemption as may be allowed, including auch - homeatead or exemption sa may be set apart in bankruptcy. to pay this note in full. with all coata of oollection, and do hereby direct ar~y trustee in bankruptcy having possession of sach homestead or exetnption to deliver to the Holder a aufticient amount oi property or money set apart as exempt to pay the indebtednesa evidenced - hereby~ or any renewal thereof~ and do hereby, jointly and severally, appoint the Holder the attorney in fact for each oi them, to claim any and all homestead exemptions allowed by law. - A flret mortgage for the a uri of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF AMERICA, INC.~ on I,ot N 10 ~ a certain Condominium knoam r OUTDOOR RESORTS AT NETTLES ~e~~'~~ ~ ISLAND~ and on any improvements, flxtures. or after acquired property added thereon, as shown by plat re- = corded in the Ofl1ce of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16. page 1:1A ; y throuRh 1J. ~ R*, ~~~J F" ~~~z iG. - -