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Home My WebLink About1102 ~ 2~~3 MORTGAGE Robert E._and/or ~ Edith R. Johnson1_ 2~84 Frontier Tr~sil. ~l~.in~__G$s___. the mortg<<~r, ~n.con deration of the principal sum specified in the pr~missory note hereafter de~c•rii,ed, re- r~~i~•ed fmm OUTDOO~ RESORTS OF AMERICA, INC., a corporation organized and exi~tin~? under Law•s ~~f the St~ite of Tennessee. the Mortgagor, hereby on thi~___20__.dav of_NOVeII'tb@r 2~~ m~~i•i~;.~~c:. to the `iortgagee the real property in St. Lucie Count~•, Florida, descriUed as: ' Lot No.21lI __in that certain condominium knuwn as OUTI)OOR RESORTS OF A11iER1CA AT i~ETTLES ISLAl\'D, as shown by plat recorded in the Office of the Circuit Court in and for St. Lucie Count.y, Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE ~10rEY MORTGAGE a~ .ecurit~• fui- the pa~•ment of the promissory note of which the foltoH•ing is a coFy~: Instaliment Note and Disclosure St~#e~t~~ ~o~ty ` ~ 5199•60 _ November 20 Florida November 20 1s~ F~~r Value Recei~~ed, I. ~~•e or either of us promise to pay to the order of OUTDOOR RESORTS OF :~~1F;ItI('A, INC., P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place as the holder hereof may ~i~~~;~.•n:ite in v~•ritin~, the sum of Five thousand one _ hundred nine nine ~ 1 .60 Dollars, t}~i~ ~um being the Total of Payments referred to in the Disclosure Stat~ it o, •hich includes a FINANCE ~~1i~RGE on the amount financed, payable in _ 60 equal consecutive monthiy installments ,$6.66 each, and the first installment to become payable on the lst_day of Februar r`;, ~ ; ~ i 1'? 72_ , and one such installment to become due and payable on the- lSt day of each succeeding month~ ; F t~ntil the ~ihole of said indebtedness (Total of Payments) is paid. In the event of prepayment in fuli by cash ~ +~t~fore the fina} installment date, the unearned portion of the FI1~'ANCE CHAF.GE shall be rebated under ~ the Rt~le of 78's. ~ In the e~ent of default in the due and unctual a ment of an p p y y installment on this Note for a period of T tt~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced i t~~• this Note is found to be untrue in any material respect, or in the event TAE UNDERSIGNED. WITHOUT ~ TfIE PRIOR ~t'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBEft (EXCEPT ; ~'nR ANY MORTGAGE WHICH 1S SECURITY FOft THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~ ('L'MBER OR COMMIT A~'Y RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ F,.l'IST Oh' THE REAL PROPERTI' PURCHASED BY THE UNDERSIGNED AND FIhANCED THROUGH } THE CREDIT EVIDENCED BY THIS NOTE or in the e~~ent 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 payable at the option of the holder hereof without demand, presentment ~ ~~r 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. ~ Time is of the essence of this Note. In the event any installment is not paid when du~ or within ten days thereafter, the holder may collect, and the undersigned a~rees to pay a late charge on such installment in _2 <;n amount equal to 5~~ of such installment or $5, whiche~•er is less. and in the event this Note is collected by _ law or through an attorney at law or under advice thereof, the undersigned agrees to pa~ all costs of collection,~ ~ = includinR reasonable attorney's fees and court costs to the eKtent permitted by Florida law. - The undersigned and all endorsers or other parties to this note jointly and se~erally transfer, convey and~ a.~i~?n to the Nolder a sufficient amount of sueh homestead or exemption A3 may be allowed, 'including such home,tead or exemption as may be set apart in bankruptcy, to pay this note in• full, with all costa of collection, ; and do hereby direct any trustee in bankruptcy having posses~ion of such homestead or exemption =to deliver toQ ' ; the Holder a suflicient amount of property or money set apart as exempt to pay the indebtedness evidencedC7 ~ hereby, or any rene~al thereof. and do hereby, jointly and se~~erally, appoint the Holder the attorney in fact for~ each of them, to claim any and all homestead exemptions aUo~~•ed by laK•. ~ ~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF s - :~~1ERICA, INC., on Lot No.~in that certain Condominium known sa OUTDOOR RESORTS AT NETTLES ISLAl~'U, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- c<~rded in the Oflice of the Circuit Court in and for St. Lucie County, Fiorida, in Plat Book 16, paRe 1:1A ,.~h ? ~ ~ ~ ~ , ; _ _ - - - - ~ z~ ' ` ~ ~ ~x ~ ~ ~ _ _ ~ ~ ~ ~'r,.._ ~ . ~v x - _ _ .r~^~:..~. ___.,w:~-,