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Home My WebLink About0079 . ~ /~I;$ rf!Cliili'Ti~~~t F.' . . 230831 Lynn Raw~ey `red By M O R T G A G E Obtdppl Resorts a( qm~r~ca. In~~ Kenneth R. & Marilyn M. Orr ~~+212 NE 5th Ave. ~ Ft. L~.ucierdale ~ Florida - - - - - . thcr ma't~,~iiKO!•, in consideration of the principal sum specified in the promissory note hereafter described. r~- ~•~~i~•ed fmm OUTDOOR RESORTS OF AMERICr1. INC., a corporation organize:l and existing under the Laws ~~i the State of Tennessee, the Mortgagor. hereby on this_~____day of April , 19Z, m~~rtKage~ to the «ortgagee the real property in St. Lucie County, Flurida, described as: Lot No.12~II_in that certain condominium known as OUTDOOR RESORI'S OF Al1iERICA AT NETTLES ISLAND, as shown by plat recoi-ded 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 PUftCHASE D10NEY MORTGAGE securit3• for the payment of the promi3sory note of which the follo~ving is a copy : Installment Note ond Disctosure Statement~ 9360.00 Documentary Stz~^~i ~ ' 7/~ IK PAYA1Fiff ~ TNXE3 S't • I+UC12 C01171ty ~ - ~OI'1C18 aHuced ougi ,ai n~te D!E OM f1ASS 'C lNT11M6181E PEti~'lll Pi~?£A1Y. M)R511ANi TO p~'-~~' ~1-13t. A"•7S OF lyil. 19~- ~~i~t A~ril 15 2 t~,~c C~kGltT Catl~zl, sr. i~h;,E CO.. Ft/l For Value Received, I, w•e or either of us promise to pay to the order of OUTDOOR RESO~tTS OF ~1iERICA, INC.. P. O. Box 1116, Jensen Beach, ~'lor ida, 33457. or any other place as the holder hereof may ~?t~i~*nate in ~+riting, the sum ofN~-ne thousand three dred sixty ar_d ~ 9360.00 ~~llars, this sum being the Total of Payments referred to in the l~isc osure Statement below. which includes a FINANCE t'~I~RGE on the amount financed, payable irL_.__ _.__60 equal consecutive monthly installments of ~ 1~b.,QQ-_ each. and the first installment to become payable on the lst_day of~ June ~ 1~ ~2, and one such installment to become due and ~iayable on -the- 1 S t day o# each succeeding month ~~ntil the H~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash t~~•fore the fina} installment date, the ui~earned portion of the FINAI3CE CHARGE shall be rebated under the Rule of 78's. In the eti•erit of default in the due and punctual payment 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 UNDER$IGNED. WITHOUT THE PRIOR R'RITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL. ENCUMBEft (EXCEPT F'OR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OB OTHERWISE DISPOSE OF OR EN- ('L'MBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO F.IIST ON THE REAL PROPERTI' PUBCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS NOTE or in the erent of the incompetency~ insolvency (howsoever 1 e~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then d~~e shall become immediatety due and pa~able at the option of the ho3der hereof without demand. presentment ~ ~~r notice of any kind. Any failare of holder to eKercise said option shall not constitute a waiver of the right t<~ exercise the same at any other time. Time is of the essence of this Note. In the e~~ent an3- i~zstallment is not paid when due or within ten ~ days thereafter, the twlder may collect, and the andersiRned agrees to pay a late charge on such installment in an amount equal to 5~~ of such installment or $5, whiche~•er is Iess, and in the event this Note is coUected by law• or through an attorney at 1aw or under ~advice thereof, the undersigned agrees to pay all costa 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 and j assign to the Holder a sufficient amount of such homestead or exemption as may be allowed, lncluding such homestead or exemption as may be set apart in bankruptc~~, to pay this note in full, with all costs of collection, and do hereby direct any trustee in bankruptcy having po:csession of such homestead or exemption to deliver to the Holder a suflicient amount of property or money set apart as exempt to pay tt:e indebted~3ess evidenced hereby, or any renewal thereof, and do hereby, jointly and se~~erail~ , appoint the Holder the attorney in fact for ; each of them, to claim any and all homestead exemptions aUo~•ed by laH . A first mortgage for the sec~~~a~e ~~oresaid indebtedness is retained by OUTDOOR RESOBTS OF AMERICA, INC., on Lot No.12~+1 in that certain Condominium known ~a OUTDOOR RESORTS AT NE'TTLES ISLA1lD, and on any impmvements, fixtures or after acquired property added thereon~ as shown by plat re- corded in the.Office of the Circuit ('ourt in and for St. Lucie County, Florida, in Plst Book 16. page 1:1A throuK~ 1J. . Q R ~O~ '7(1 BOG!! 17 'c: . . - ~ =.f~ ~ r ~ ~ , ~~s`"~ ~ +,~;5-~+ ~,.r - a -'•:r. ~~-~'k.~ ~ ,•v.r~'~..~-°~.~t ,~i,~°;, u.'-~ r~ ~,~~r~ ~.,~s S ~ r - r , _ ^=s ~