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Home My WebLink About1112 ~.M O R T. G~A G E ~ 2~~~ , ~ ~ . . ; he mortgaKor. in consideration f the principal sum specified in the promissor3• note hereafter described. re- ~•f•i~•ed fmm OL~TDOOR RESORTS OF AMERICA. INC., a corporation organized and e~cisting ?mder the Laws ~~i the State of Tennes>ee, the Mortgagor, hereby on this ~th day of Au~- , 19I1_, murt~;xk•es to the ~turtgagee the real property in St. Lucie County. Florida, descrit~ed as: Lot No.~58~j Se~ti~Rr~tI~ertain condominium known as OL''fIlOOR RESORTS OF A~iERICA AT I~ETTLES ISLAI`D, as shown by plat recordeci in the Office of the Circuit Court in and for St. Lucie County, F'lorida, in Plat Book 16. page 1:1A through 1J. THIS IS A PURCHASE NONEY MORTGAGE ~ecuritr for the pa~•ment of the promissory note of which the followinb is a copy: Installment Note and Disclosure Statement y g~~gg,qp Jensen Beach, St. Lucie Co. , Florida Jtamy= - ~n3iial nob -~11~~~Q+ 197~ 19 ooC cancellM For Value Recei~•ed, I, H•e or either of us promise to pay to the order of OLITDOOR RESORTS OF :~~1~;RI('A, INC.. P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place as the holder hereof may cit~~ignate in Nritin~,•, the sum of Elqht_ thou5and one hundred eighty nine & 40/lOp ) Dollars, ti~i~ ~um bein~; the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ('IIARGE on the amount financed, payable in -Si Xt~[ equal consecutive monthly installments of ; 136.49__ ___Qach, and the first installment to become payable on the 15~-day of OCtObel^ - ~ 1~ 71_ and one such installment to become due and payable on the-_~~th day of each succeeding month t~ntil the w•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in fu11. by cash ~ t~t~fore the final installment date, the unearned portion of the FINANCE CHAAGE shall be rebated under ~ the Rtile of i8'~. ~ In the erent of default in the due and punctual payment of any installment on this Note for a period of tl~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced ~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT TIiE PRIOR ~VRITTEN COI~TSE:~T OF THE HOLDER HEREOF, SHALL SELL, ENCUMBEB (EXCEPT ~ F(1R ANY MORTGAGE ~VHICN 15 SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~ } ('UMBER OR COM:~iIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO f F~:\IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGN ~ TIiE CREDIT EVIDEr~CEU BY THIS NOTE or in the erent of the incompetency. insolvency (howsoever £ e~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ c:ue 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 wai~~er of the right ~ tu exercise the same at any other time. x Time is of the essence of this 1`'ote. In the event any installment is not paid when due or within ten c~ays thereafter, the holder may collect, and the undersiKned agrees to pay a late charge on such installment in - an amount equal to 5',~ of such installment or $5, whiche~er is less. and in the e~ent this Note is collected by ~ law or through an attornet• at IaK or under advice thereof, the undersigned agrees to pay all cos~e of collection, } ~ includin~,? reasonable attorney's fees and court costs to the extent permitted by Florida law. The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and - assign to the Holder a sufficient amount of sueh homestead or exemption as may be allowed, ~including such ? homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with ali _costs of collection, - and do hereby direct any trustee in bankruptcy having possession of such homestead or exemptiop to deliver to the Hotder a suflicient amount of property or money set apart ~ exempt to pay the indebtedness evidenced hereby, or any rene«•al thereof, and do hereb3~, jointly and se~•erally, appoint the Nolder the atto~ey in fact for each of them, to claim any and all homestead exemptions allow~ed by la~•. ' ' A first mortgage for the securit ~ of the ~f,presaid indebteciness is retained Uy OUTDOOR RESORTS OF ~ AMER[C~, INC., on Lot No.25$-l~Lin ~a~tcer~a n~ Condominium known ae OUTDOOR RESORTS AT NETTLES ISLAND, and on any impro~ements, fixtures or after acquired property added thereon, as shown by plat re- corded in the Oflice of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. 3GRK (.OO PACF i~2 - - - - ~ - ~ ' ~ ~ i~~ y - ~ x" n a~ ~ 7'' 3 - 4 'v .l"rr r 3..+.~~*~.,~, ~ X ' ti "~'v°. ~ 3` - ~ ~„S' ~ . '°Ti ,.,s_. ~d4.- :~.'L.^~"' ,~n., a i ~ . . . ; . ~ r- „ r ~ _.t« ~Y: