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Home My WebLink About5487 3~.-~ „~~M 0 R T G A G E 24531'7 -7 , . _l'~.t-, s _ ~s ~y_,~3_ ~ ! . tht~ m~,rt~,~u~,?cn•, in con~ideration af the princ' ~ii sum speZified ui the promissory ncr~e hereafter descrii~ed, re- ~~rl\'C(~ f1Y1111 OL'TDOOR RESORTS OF A:1IERICA, IN~., a cor~ation organizeci and existing under the I.aKs ~~t the State of Tem~essep, the Diortgagor, hereby on this~?7_6__-_daY ofS` - 19 m~~rt~?a~e~ to the ~iortga~,?ee the real property in St. Lacie'Count~•, Florida, described as: Lot Nolt~~~__".~- in that certain cotidominium knoHn as OUTDOOR RE50RTS ~OF A1IERICA AT NETTLES ISLAND, xs shown by pl~t ~ recorded in the ONice of the Circuit Court in and for St. Lucie County , Florida, in Plat Book 16, page 1:1A through 1J. THIS 1S A PURCHASE :~10\El' ~IORTGA(iE ~ecurit~• foi- the payment of the promissoiy note of ~rhich the follo~~•ing is a copy: 1 nstaliment Note and Disctosure Statement ~ 7 Ol~ A Scamps ~ • (N PAYliiDR Of TA1(B5 St - Lucie Count~ . Florida ~~•R- p{~ p~ (XASS'C It[fMIGIBLE PERSONAL Pfi0PER1Y. vti;xed C~yy1.~dl i1Jtb ~ ~i~-'(it~- - lg ~ pURSIMi1T 70 CHAP~ER J1-234. ACTS OF 19)1.~_y e~~ •t :e~ ROGER POIIWIS ~ ~r Q (~Id(. RqlIT ~ottRT, ~I. LUCIE 00., FlA F~~r Value Recei~•ed, 1, ~~•e or e~~er of us prom ise to pay to the order of OUTDOOR RESORTS OF :~~IF:RICA, INC., P. O. Box 1116, Jensen Beach, Florida, 33457, or any other place as the holder hereof may ~lt~~ignate in ~sriting, the sum of Seven thousand nineteen 40/100 ~ 7. 019.40~ Dollars, tt~i~ sum being the Total of Payments referreti to in the Disclosure Statement Uelow, whieh includes a FINANCE t'FI aRGE on the amount financed, payable in_____ 60___ equal consecutive monthly ' tallments of ~ ~ ~ 116.99 each, and the first. instaliment to become pa~•able on the ~ day of ~ , I ~ L~ ; 1~ , and one such installment to become due and payable on the~ day of each succeeding month ' ;~r:til the whole of ~aid indebtedness (Total of Payments) is paid. In the e~ent of prepayment in full by cash i }~efore the fina} installment date, the unearned portion of the FI\'A;v'CE CHARGE shall be rebated under ~ the Rule of 78's. In the e~•ent of default in the due and punctual pa3•ment of any installment on this Note for a period of ~ t~~irt~• (30) days, or if any statement, representation or ~~arranty in any application for the credit evidenced ~ 1~~- this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT ~ ~'HE PRIOR ~ti'RITTEN COr~SE:~•T OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ FOR A:~'Y MORTGAGE R'HICH 1S SECURITY FOR THIS NOTE) OR OTHER~YISE DISPOSE OF OR EN- ~ t'LMBER OR C02~iMIT AI~Y BREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ ~:.1'IST ON THE RF.AL PROPERTI' YL'RCHASED BY THE UI~'DERSIGNED AND FINANCED THROUGH T1iE CREDIT EVIDEI~'CED Bl' THIS ~'OTE or in the event of the incompetency, insolvency (howsoever e~•idenced) or bankruptc~• of anyone or more of the undersi~ned, then the entire remaining indebtedness then ~ due shall become immediately due and payable at the option of the hoider hereof Hithout demand. presentment ~ or notice of any kind. Any failure of holder 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 \'ote. In the e~~ent an~• instailment is not paid Khen due .or within ten da~•s thereafter, the holder may rollect, and the undersi~?ned agreec to pay a late charge on such instaliment in an amount equal to 5`~~ of such instaliment or $5, ~tihiche~•er is less, and in the ecent this Note is collected by ~ law or through an attorney at !aw 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 la«~. The undersigned and all endorsers or other parties to this note jointl.v and severally transfer, convey and a•sign to the Holder a sufficient amount of sueh homestead or e~emption as may be allowed. including such ~ homestead or exemption as may be set apart in bankruptc~•, to pa~~ thi. note in fu11, w-ith all costs of collection, and do hereby direct any trustee in bankruptcy having po~ses~ion of such homestead or exemption to deli~er to - the Holder a sufficient amount of property or money set apart as e~empt to pai the indebteclness e~~idenced - hereb}•, or any renewal thereof, and do herehS~, jointly and se~-erall~•, appoint the Nolder the attorney in fact for each of them, to claim any and all homestead exemption. all~?~~•ed b~- law•_ A first mortgage for theQ sec.~ity of the aforesaid indebtedne,s is retained by OL'TUOOR RESORTS OF ~ ~~tERICA, INC., on I.ot ~a~~__~that certain Condominium known e8 OUTDOOR RESORTS AT NETTLES fSI,AtiD, and on an~~ improvements, fixtures or after acquired property added thereon, as shown by plat re- c~~rded in the Oflice of the Circuit ('ourt in and for St. Lucie ('ount~. Florida, in Plat Book 16, page 1:1A throu~h 1J. U~R r~~ ~ ~a' ~"t c.GK v ~ ~ ~ ~ - -