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Home My WebLink About0064 ~ ~ . 23Q819 M 0 R T G A G' E~ This I~i~~:;:~-~~r ; ~~ti~'1Cii ~ct., l ' ~ _ 1 ~il~ Cecrge ~lice I~-. Fisher, 214 YJ. Ada Street1 P:eW Car~i,slesi Irc. , the mort~;agoi•. in consideration of the principal sum specified in the ~romissory note hereafter described. re- rt~i~•ed frnm OUTDOOR RESORTS OF A~iERICA, IIv'C., a corporation organizeci and existing under the Laws ~~f the State of Temiessee, the Mortgagor, hereby on this L`tr day of ~=Fr~~ , 19~, murtga~es to the ~iortgagee the real property in St. Lucie Count~, Florida, described as: Lot No.?4'~I _._in that certain condominium known as OUTD008 RESORTS OF AMERICA AT NETTLES ISLAl~'D, as shown by plat recorded in the Office of the Circuit Court in and for St. Lueie County, Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE 1110NEY MORTGAGE a, security for the payment of the promissoiy note of which the follow ing is a copy : Instaltment Note and Disclosure Statement 62~+0 ~p~p JK MtrMEtR oF T~ St Luci e Cn ~r~t ~-~GC°'"OCry 8l1E W! ~C' ntlA."tGiBLE PE~cso.ut ~o?ER~11. X , Florida iTtaced :.;~nal not0 AjR$(~ iD CFSAPTEQ 71•13~. ti."TS Of 19/1. ~i Y'P 11 ~ 19__L ~nd can~~kG ROGER POITfil1.S U For Value Recei~ ed, I, v{~~~~~~'us' prom Dse' o~ pay to the order of OUTDOOR RESORTS OF :~~IERICA, INC.. P. O. Box ~116. Jensen Beach, Flor ida. 3345?. or any other place as the holder hereof may dcz~i~;nate in writing, the sum of~~x trou~2riG tk•o h~.~ZCrFG i oTty no%1GC ~ 6~~C.CC ~~llars, tnis sum being the Total of Payments referred to in the Disclosure Statement below~ which inctudes a FINANCE ~'HARGE on the amount financed, payable irL-__ 96__ equal consecutive monthly instaliments of ~ E 5•~~.. _ each, and the first. instaliment to become payable on the ls t day of- June ~ 19 , and one such installment to become due and payable on the- 1~ t day of each succeeding month ;,ntil the Hhole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by ca.sh t~t~fore the final installment date, the u~iearned portion of the FII~TANCE CHARGE shall be rebated under the Rule of 78's. ' ~ In the ecent of default in the due and punctual ~a~ ment of any installment on this Note for a period of thirty (30) days. or if any statement, representation or warranty in any application for the credit evidenced t,~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT THE PRIOR ~t'RITTEN CONSENT Of~' THE HOLDER HEREOF, SHALL SELL. ENCUMBEB (EXCEPT f~'tlR ANY MORTGAGE WHICH IS SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF 4R EN- ('L':4iBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT. 08 SUFFER ANY LIEN TO Ea1ST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH TNE CREDIT E~'IDENCED BY THIS I~'OTE or in the event of the incompetency, insolvency (howscever e~~idenced) or bankruptcy of anyone or more of the under.igned, then the entire remaining indebtedness then ; due shall become immediately due and payable at the option of the holder hereof without demand~ presentment ! or notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right i to exercise the same at any other time. Time is of the essence of this Note. In the e~~ent an~~ installment is not paid when due or within ten c~ays thereafter, the holder may collect, and the ~ndersiKned 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 event this Note ia collected by laa• or through an attorney at law or under advice thereof, the undersigned agrees to pay all coata of collection, including 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 snd assign to the Holder a suft~icient amount of such homestead or exemption as may be allowed, including such homestead or exemption as may be set apart in t~ankruptcy, to pay this note in full, with all costs of collection, and do hereby direct any trustee in bankruptcy having posse~.ion of such homestead or exemption to deliver to the Holder a suflScient amount of property or money set apart as exempt to pay the indebtedness evidenced hereby, or any renewal thereof, and do herebS•, jointly and sec•eraiiy, appoint the Holder the attorney in fact for each of them, to claim any and alt homestead exemptions alloH•ed by law. ' A first mortgage for the security of the aforesaid indebtedness is retained by OLT'fDOOR RESORTS OF AbiERICA, INC., on Lot No.7~_in that certain Condominium knowtt es OUTDOOft RESORTS AT NE'ITLES ISLAND, and on any improvements, fixtures or after acquired pmperty added thereon, as shown by plat re- corded in the Oflice of the Circuit Court in and for St. Lucie County, Fiorida~ itt Ptat Book 16. page 2:1A throuRh 1J. 600K ~0~ PAGE U4 ; _ - ; - _ - a - z - > ~ , _ -~.x a ~ - s . . - . ~i~':,~r~