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Home My WebLink About5457 ~ 245293 MORTGAGE - ----~'"~/rr~±i ~ - o~s ~~,~J_ ~ ,~-/L - fz~ the• ni~~rtgli~!Ol•, in consideration of the princi}kil sum specified in the promissor~• note hereafter described. r~ r~~i~•ed fmm OL~TDOOR RF.SORTS OF Ah1ERICA, INC., a corporation organized and existing under the Laws ~~f the State of 1'ennessee. the Mortgagor. hereb~• on this__~L-da~~ ~~f~~~ - 19L~; n~~~rt~;a~es to the :1lortga~ee the real propert~ in St. Lurie County, Florida, described ~s: I.ot I~'o.__ _9 ____in that certain co~idominium kno~~•n as OUTDOOR RESORTS ADiERICA AT ~tETfLES ISLAND. as sho~rn b~• plat recorded in the Office of the Circuit Court in and for St. Lucie Cotmty, ` Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PUftCHASE 1~101~EY 1fORTGAGE a, securit for the pa~~ment of the promissory~ note of w hich the following is a copy : Installment_~~atQ_and Disclosure Statement ; . IN PAYME(IT OF TAlt1,S pUE ON CIASS 'C' IN~A~YGIBLE ?E • 0'fR~~. 9, 944 .40 St . Luc ie Co , , Florida ~R$WINT TO CtiA:'"D 71-13!. ~1:~~ Ui t_ ry~ ~ t_;ume;;;cry S:~~ips itOC.ER POIiRI?'; N^ -/~C-~-g~ . M ~I ~ i 19~ ani~ed on~,ir;o! ncte CLERK CIRWiT wvn'. ' ~ c~~alue Recei~•ed, I, w•e or either of us promise to pay to the order of OUTDOOR RESORTS OF :1~1ERICA, ItiC., P. O. Box 1116, 3ensen Beach, Florida, 33457, or any other place ~~t~ep~older hereof may ~ Nine thousand nine hundred forty four ~ 9 944.40~ Dollars, ~;~~~i~nate in ~~~riting, the sum o._ ~ ty:i. sum bein~ the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ~~fi~RGE on the amount financed, payable in_..__ 60_ equal consecutive monthly installments of ' ; 165.74 Qach, and the first installment to become pa3•able on the -day of- . i . - - - i ` 1~? and one such installment to become clue and payable on the-. day of each succeeding month ' ,~ntil the w•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ' _~~t~f~~re the fina! installment date, the wiearned portion of~ the FI1\AA'CE CHARGE shall be rebated under ~ ; the Rule of i8's. ~ : In the event of default in the due and punctual payment of any installment on this Note for a period of ~ ttiirt~ (30) days, or if any statement, representation or warrant~ in any application for the credit evidenced ~ hr this I~'ote is found to t>e untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT ~ TF1E PRIOR ~YRITTEN COI~TSE\T OF THE HOLDER HEREOF, SHALL SELL. ENCUMBER (EXCEPT ~ ~ OR ANY MORTGAGE ~VHICH 1S SECURITY FOR THIS NOTE) OR OTHER~VISE DISPOSE OF OR EN- ~ t't'MBER OR COMhiIT AI~Y RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ ~;\IST ON THE REAL PROPF.RTY PL'RCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ `t'I~E CREDIT EVIDENCED BY THIS NOTE or in the e~ent of the incompetency. insolvency (howsoever ~ e~~idenced) or bankruptc~• of anyone or more of the undersigned, then the entire remaining indebtedness then ~ ~It~e shall become immediately due and payable at the option of the holder hereof without demand, presentment ~ r~r notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right ; tu exercise the same at any other time. ~ Time is of the essence of this ~;ute. In the e~•ent an~• installment is not paid when due or within ten < <idy°~ thzr-eafter, the hal3er may colt~:.t, and t~:e ur.ders:~;:.ed agrecs ta :y a late chargg on ~u~h in~±allment in an amount equal to 5';~ of such instaliment or ~5, whiche~•er is less, and in the event this Note is collected by la«• or through an attorney at laK or under advice thereof, the undersi~ned agrees to pay all costs of collection, = includinR reasonable attorney's fees and court costs to the extent permitted by Florida law. The undersigned and all endorsers or other parties to thi~ note jointly and severally transfer, convey and a~sign to the Holder a sufficient amount of such homestead or exemption as may t,e allowed, including such r3 homestead or exemption as may be set apart in bankruptc~~, to pa~• this note in full, with all costs of collection. e~ and do hereby direct any trustee in baakruptcy having posses~ion of such homestead or exemption to deliver to - the Holder a s~fficient amount of property or money set apart as exempt to pay the indebtedness evidenced - hereby, or any renew•al thereof, and do hereb~, jointly and se~•erall~•, appoint the Holder the attorney in fact for ~ each of them, to claim any and a:l homz~tea~f exemptions allo~ced b~• laH. w~ A first mortgage for the ~ecurity of the aforesaid indel,teclness is retained i~y OUTUOC?R RESORTS OF ~ :~11ERICA, INC., on Lot tio.~~in that caitain Condominium known aa OliTDOOR RESORTS AT NETTLES - ISLAti'I), and on any improvements, fixtirres or atter acquired property added thereon, as shown by plat re- fy r~rded in the Office of the Circuit ('oLrt in and for St. Lucie Count~•, Florida, in Plat Book 16, page 1:1A throuRh 1J. 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