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Home My WebLink About2938 M 0 R T G A G E ~ 2~1450 James_ E._ Lin~er~erj_ ~r. _~?_4_~~~.a~~i~QQLc N~~hville.~_ Tenn. 372Q~, ; the mort~,•agor, in comideratiun of the princip~il .um ,pecified in the promis5or~• note hereafter descril~ed.,re- cr~i~•ed frc~m Ot'TI1nOR RESORT~ Of~' A~tERI('A, I~('., a corp~?ration or~anized and existing under the Laws ~~f the State of Tennessee, the Mortgxgor, hereb~~ on this_ 7th __d.?~' of_ _ J_ u1~L_ 1972 . m~n•t~;a~,re. t~ the lfurtga~?ee the real propert~• in St. Lucie ('uunt~~, I~lorid~i, described as: - Lot i~o._1005-II . in that cei•tain condominium kno~~•n as OL'TDOOR < RESORTS OF A:1iER1('A AT \F.1'TI.F.S ISL~tin, ~i~ ~ha~~i~ b~• plat recoi•decl in the Otlice of the Circuit Cuiu•t in and fui• St. Lucie_CotuitS~, Florid.i, in Plat Ba~k 16, page 1:1A throu~,•h 1J. THIS IS I'IIRCHASE ~t0\E1 ~IORT(::1GF. a< .ecurit~• for the payment Qf the pi-omissor~ note of ~~•hich the follo~~~in~,~ is a cop~•: Installment No e ond Disclosure Statement ~ • IN MYMEIR Of TAxES 701~4 pUE ot~ uASS'C IN~~Ielf PER901ML ~n. __St _ Luef ~_~.Qtu1t~-, Florida ;;,..~:y amps-' ~ TO qNP?ER 71-1~. lYCTS Of l9ll. ~ r c y - - ~:,aed ongtnal twOa RO~ifR POITRAC a Ju1~ 7s _ i9 ~2 ; and cancello/ CLE~f( CIRCUR OOYRL 9T. WCIE 00, Fl1L For Value Recei~~ed, I, ~~•e or either of us promise to pay to the order of OUTDOOR RESORTS OF :1.l1ERICA, INC., P. O. Box 1116, Jensen Beach, Flor ida, 33457, or any other place as the holder hereof may ci~~~i~;nate in ~~~ritin~;, the sum of Seven Thousand Nineteen aud 40/100 ~ 7019.40 ~ Dollars, ~ thi~ sum being the Total of Payments referred to in the ni~closui•e Statement below. which includes a FINANCE ('IIARGE on the amount financed, payable ir~_ 60__. ___-_---equal consecuti~~e monthly installments of ~ 116.99 each, and the first installment to become payable on the_1.~.~-day of August ~ ~ 19 and one such installment to become due and payable on the- lst day of each succeeding month i i~iltil the whole of said indebtedness (Total of Pa~ments) is paid. In the e~~ent of prepayment in full by cash ~ l,etore the finai installment date, the unearned portion of the FI:~'ANCE CHARGE shall be rebated under ~ the 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 ~ ~ t}~irty (30) days, or if any statement, representation or warranty~ in any application for the credit evidenced ~ 1~~~ this Note is found to be untrne in an~- material respect, or in the event THE UNDERSIGNED, WITHOUT ; THE PRIOR ~VRITTEN CONSENT OF THE HOLDER HE.ZEOF, SHALL SELL, ENCUMBER (EXCEPT ~ FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ' ('UMBER OR COMMIT ANY RREA('H OF THE MORTGAGE OR PERDiIT OR SUFFEft ANY LIEN TO F..l'IST ON THE REAL PROPERTI' PURCHASED RY THE UNUERSIGNED AND FINANCED THROUGH ? ~ THE CREDIT EVIDENCED BY THIS I`'OTE or in the e~~ent of the incompetency, insolvency (howsoever eti•idenced) or bankruptcy of an~ one or more of the under.igneci, then the entire remaining indebtedness then due shall become immediately due and payable at the optiun of the holder hereof «•ithout demand, presentment ~ or notice of any kind. Any failure of holder to exercise ~aid 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 e~~ent an~• installment is not paid when due or within ten days thereafter, the holder may collect, and the w~dersi~,~ned agree. to pay a late char~e on such installment in ~ ~ an amount equal to 5`~ of such instaliment or 55. «•hiche~-er is le,~, and in the event this Note is collected by ~ law or through an attorney at law or under advice thereof, the under~i~,?ned agrees to pay all costs of collection~ ; including reasonable attorney's fees and court costs to the extent permitted }~y Florida law•. ~ ~ The undersigned and all endorsers or other partie. to thi~ note jointly~ and se~•eral~y transfer, convey and ~ assign to the Holder a suflicient amount of such homestead or exemption as may be allowed, including such ; homestead or exemption as may be set apart in hankruptc~•. to pa~• this note in full, «~ith all costs of collection, ~ and do hereUy direct any trustee in bankruptc~~ having poti~e:sicm c~f ~uch homestead or exemption;to deliver to = the Holder a sutTicient amount of proper±y or mone}• set apart a~ exempt to pay the indebtedness evidenced hereby. or any renewal thereof, and do hereb~•, jointl3~ and •e~•erail~•, appoint the Holder the attorney in fact for each of them, to claim any and all homestead exemption, all~~~~~ed i~~• law~. A first mortgage for the security of the aforesaid indeLtedness is retained by OUTDOOR RESORTS OF AMERICA, I1\'C., on Lot No. 1005-t~~hat certain Conduminium known aa OliTDOOR RESORTS AT NE'ITLES ISLAND, and on any improvements, fixtures ar after acquired property added thereon, as shown by plat re- corded in the Oflice of the Circuit ('ourt in and for St. Lucie ('ount~ . Florida, in Plat Book 16, page 1:1A throu~h 1J. 0 R 2D~ EOOK P.LE ~ ~ <~.z : _r,F,, rza~F°.";~ - ^-"'3£ -"`~x.,~r..r,,&s. -r-,v„ ~ s.,. 'tf;~;'°~.~ _ ~.c,~5~~ .