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Home My WebLink About2734 . . ~ ~ 239150 ~ ~ ~ ~ .~qm: s N. n~A T G A G E Tv~~ ~~Nc w ~~~L~~_c~ ~~v~ ~°~f'~,ZV~~__,_~--r~~~F~~_~~. ?2~_. K~,~_~!y_.//''I~~~, th~~ m~~rt~;~?gor, in consideration of the principal sum specified in the promissory note hereafter descril~ed, re- r~~i~~eci from OL'TDOOR RF.SORTS OF ADiERICA. INC., a corporation organized and existing under the Laws ~~f the State of Tenne~see. the 1ltortgagor, hereby on this_~_'7_day of ~U~ 19~s~.. m~n•tga~,~e~ to the \turtbagee the real property in St. Lucie County, Florida, describeci~s: I.ot No._ f J~~` in that certain condoniinium known as OtJTDOOR RESORTS OF AA'IERICA AT NETTLES ISLA\D, as shown by plat recordecl in the Office of the Circuit Court in and for St. Lucie County, Flarida, in Plat Book 16, page 1:1A through 1J. THIS IS ~1 PURCHASE :1iONEY ~tORTGAGE securit~• for the pa~ment of the promissoiy note of ~~hich the follo~~•ing is a copy: Instalim ot~ ~ oDti~closure Statement ~ 'C IN?ANGIBLE PERSOttAI PROPERna - 93~9_40 ~~~~~R 7i•i~?. ncTS o~ ~yn'y,.~<<~ Lucie County , Florida ~p~ port+us ~ ~~uT cou~c~, st. wc~ oo.. ~ ~ s?_ ~ For Value Recei~•ed, I, H•e or either of us promise to pay to the order of OUTDOOR RESORTS OF :1~fEI:i('A. INC., P. O. Box 2116. Jensen Beach, Florida. 33457. or any other place asahe4j~oj~4.~'Ohereof may u~ iv ~1~~~i~nate in ~sriting, the sum ofNine Thonsand Three s~area Fifty Nine (~S9_4~ ) Dollars. t1~i. sum Uein~ the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ('fIARGE on the amount financed. payable in 60 equal consecutive monthly installments of ~ ~ 155s99 each, and the first installment to become payable on the ~ s! day of~' ~ jf''~ ~ CK~ 1 and one such installment to become elue and payable on the-~day of each succeeding month ~ until the H•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ ?~t~f~,re the fina} inctallment date, the unexrned portion of the FINANCE CHARGE shall be reUated under ~ tht Rule of 78's. ~ In the e~•ent of default in the due and punctual payment of any installment on this Note for a period of ~ thirt~ (30) days, or if any statement, representation or w•arranty in any application for the credit evidenced t~~• this Note is found to be untrue in an~• material respect, or in the event THE UNDERSIGNED. WITHOUT 'CFIE PRIOR «'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT FnR ANY MORTGAGE WHICH lS SECUR]TY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- t'C':11BER OR COMMIT AI~'Y ftREACH OF THE h10RTGAGE OR PERMIT Oft SUFFER ANY LIEN TO EtiIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT EVII)ENCEU B~' 1'H15 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 ~_it~e ~hall become immediately due and payable at the option of the holder hereof vrithout demand, presentment ~~r notice of any kind. Any failure of holcier 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 1\'ote. In the event any instaliment is not paid when due or wirhin ten cia~•s thereafter. the holder may collect, and the undersigned 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 is collected by ~ la«• or through an attorney at la~v or under advice thereof, the under~iRned agrees to pay all costs~of collection, ~ i?uludinK reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ The undersigned and all endorsers or other partie~ to this note jointl~ and severally transfer. convey and ~ a~sign to the Nolder a sufficient amount of such homestead or exemption as may be allowed, including such h~~mestead or exemption as may be set apart in i~ankruptc~~, 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 suflicient amount of property or money set apart a~ exempt to pay the indebtedness evidenced ~ hereby, or any renewal thereof, and do hereby, jointly and se~•erall~~, appoint the Holder the attorney in fact for ~ each of them, to claim any and all homestead exemptions allo~+•ed b~• law. A first mortgage for the s urity of the aforesaid indebteciness is retained Uy OUTDOOR RESORTS OF a`1ER1CA, INC., on Lot No.~~~n that certain Condominium known aa OUTDOOR RESORTS AT NETTLES 1SI,ANU, and on any improvements, fixtures or after acquired property added thereon, as s hown by p la t re- corded in the Office of the Circuit Court in and for St. I.ucie ('ounty. Florida, in Plat Book 16, page 1:1A ~ ~hrough 1J. ~ ~(?r ~'?~/i~ ~ B~CX ~VU P'.~:f f ~~U , _ . S,. ~ _ - ~ ~~p ~s ~ ~ ~ ~y ~y _ . _