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Home My WebLink About5475 245308 MO RTGAG E _ _~~r~F _~~1~1~--~ `-r?x~v~ - ~ ~ /Lb-'~'s~-~~~ , in the romissor • note hereafter de~cril~ed, re- ' t h~ m o r t~,<< i g o r. i n c o n s i d e r a t ~ o n u f t h e p r~ n c~ p~ i l s u m s p e c i fi e c i p J ~~t~i~-ed frnm OL'TI~OOR RF.SORTS OF A~IERICA, INC., a corporation or~anized and existing wider the Laws ~~f the State of Tennessee, the Aiortgagor, hereby on thi~__ 7_d~y of__-- 1~-,~-;. murt~;ai~,re~ to the Diortgagee the real property in St. Lucie 'c;unt~~. Florida, describeci ~s: I.ot No._l~-~in that certain condominium known as OUTDOOR RESORTS ADiERICA AT NETTLF.S ISLAND, as sho~vn plat recorcled in the Office of the Circuit Court in and for St. Lucie County, Flarida, in Plat Book 16, page 1:1A thrnugh 1J. THIS IS A I'URCHASE `IOtiEY ~iORT(~A(~E ~ecurit~• for the pa~n~ent of the promissoiy note of which the follo~~•ing is a cop~•: Instaliment Note and Disclosure Stotement RECEtVED 5-~-~•-D~-1-_ IN PAYMENT OF TA7Ip St. Lucie COtlflty, , Florida ~.4944~40 DUE ON C1ASS 'C' INTIING18lE PE~2'~~~.4L PRO?E(tt~~ Doc~ ~mas PIIRSUANT TO CFIAPTER 71•1J4. ACTS OF 1911. • 19~ af;iapd cr;-_~.•,! n,;;r ROGER P01?Rll~ and cance~:rd ~JtK C1ACU~T COURT, 5f. WCIE OD, R/l For ~''dIUQ Recei~•ed, I, ~se or either of us prom ise to pay to the order of OUTDOOR RESORTS OF :~~IF.RI('~. INC., P. O. Box 1116, Jensen Beach, Florida, 33457, or any other place as the holder hereof may ~ 40/100 ~i~~~i~*nate in ~sriting, the sum of Nine Thousand_Nine_Hnndred Fourty Four~ oa~ A~n~ Dollars, hi, sum being the Total of Payments referred to in the Disclosure Statement Uelow, which includes a FINANCE s_ ~ r _ • t _ • CA 1 ..~~~5~ . _ . . . _ " _ ' " ~ ncfillr~ vl~ ~i~C aiii~iiii~ iluaiicru, ~aYdvi~ ii~-__ +cy~~; i.v::SiC:::.;:c ,::~:::.:.=y inst ments of ~ T' ' ~_~fz~~Z4_-_-each, and the first installment to become payable on ~e t3f day of ~ ~ 1 n~~and one such installment to become due and payaUle on the__L-~ day of each succeeding month ~ ~~,~til the ~chole of said indehtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ t~t~fure the fina! installment date, the unearned portion of the FINANCE CHARGE shall Ue reLated under ~ ±he Rule of 78's. ~ E ~ In the e~•ent of default in the due and pur~ctual payment of any installment on this Note for a period of ~ thii•t~• (30) days, or if any statement, representation or warranty in any application for the credit evidenced a t,~• this Note is found to be untrue in an~• material respect, or in the event THE UNDERSIGNED, WITHOUT ~ THE PRIOR «'RITTEN COtiSEI~'T OF THE HOLDER HEREOF, SHALL SELL. ENCUhiBER (EXCEPT ~ FOR ANY MORTGAGE R'HICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~ ('L'MBER OR COMDiIT ANY RREA('H OF THE MORTGAGE OR PER1~iIT OR SUFFER ANY LIEN TO E_l'IST ON THE REAL PROPERTI' PURCHASED BY THE U\'DERSIGNED AND FINANCED THROUGH THE CREDIT EVIDEN('ED BY THIS 1~OTE or in the e~~ent of the incompetency, insolvency (howsoever e~~idenced) or Uankruptcy~ of anyone or more of the under~igned, then the entire remaining indebtedness then due shall become immediatel~• due and pa~~able at the option of the holder hereof without demand, presentment ~~r notice of any kind. Any failure of holder to erercise said option sha11 not constitute a~~aiver of the right tc~ exercise the same at any other time. ~ ~ Time :s of the essence of this Note. In the e~~ent an~• installment is not paid when due or within ten ~ days thereafter, the holder may collect, and the undersi~,med aKrees to pay a late charge on such instaliment in ~ ~sin amount equal to 5' ~ of such installment or g5, whichever is le~~, and in the event this Note ~s collected by = law or through an attorney at law or under advice thereof, the under~ifined agrees to pay all costs of collection, - includinK reasonable attorney's fees and court costs to the extent permitted b~ Florida la«. The undersigned and all endorsers or other parties to this note jointl~• and ~e~•erally transfer, convey and ~ assi~n t6 the Holder a sufficient amount of such home~tead c,r exemption as may ~e allov?ed, including such homestead or exemption as may be set apart in bankruptcti•, to pa~~ this note in ft~ll, with all costg af collection, = ar.d do hereb} direct any trustee in bankruptcy ha~•ing po.se~.i~~n ~?f ,uch homesteacf or exemption to deliver to :3 the Holder a suHicient amount of property or money set apart a~ e~cempt to p~~- the indebtedness e~•idenced hereby, or an~ rene«al thereof, and do herehy, jointly and se~~er~ill~•, ap{x>int the Nolder the attorney in fact for - each of them, to claim any and all homestead eKemption~ all~~~+~ed 1n• law. A first mortga~;e for the securit~• of the aforesaid indei,tednes~ is retained h~• OUTI~OR RESORTS OF y=; :~.IiERICA, INC., on Lot No.~~in that certain Condominium known ee OUTDOOR RESORTS AT NETTLES ~ 1~I.ANn, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~ at Bo age 1:1 A c~rded in the Office of the Circuit Court in and for St. I.ucie ('ount~•. Flor~dh, iQ~ r~c~~~ ~ . " throu h 1J. ~ fi ~t~t~ • ~ Yi ~ v ~ ~ ~ ~ = ~ v_,..f _ _ _