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Home My WebLink About5491 ~p~~FJs y• Nc s M~TN M O R T G A G E 2~5320 ? ~,c ~.s'~`s~ ~ ~ ~}EsM. 1 H _ _ eKfiA ' - N~s ~,v~Ft ~ t~ 3~OG - - - ~ th~~ murt~,?agur, in consideration of the principRl sum specifieci in the promissor~• note he~~fter described, re- ~~~•i~~ed fi~m OUTDOOR RESORTS OF A111ERICA, 1NC., a corporation organi~ed and ex:sting under the Laws ~~f the State of Teiu~essee, the Mortgabor, hereby on thi~__~5~ ~ dav of~c~l~~~_E~--.____ 19~ murtgage. to the btortgagee the real propert~• in St. Lucie County, Florida, described as: ! . ~ Lot No.~Q7~" ~_in that certain condominium kno~~n ac OL'1'DOOR RESORTS OF AMERICA A f ti'ETTLES ISLAND, as sho~ n by plat recorded in the Office of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16. page 1:1A through 1J. ~ THIS 15 A PUftCHASE 110NE1' ~iORTGAGE a: securit~• for the p~yment of the promis~ory note of ~•hich the foltowing is a copy: I nstallment Note and Disclosure Statement ~ 9, 359.40 '7y ~N PAYMENT Of TAI~ St. Lucie Co. , Florida Goeu~~e-;:~~; S:a~.~~s Dl~ ON ClASS'C' INTAN618LE PERSOl1Al PROPERI~ f11RSIW(T iD C~IAP'TER 71-134, ACTS OF 1971~ ~ ~ altued original noi~ Rp(`,ER POITRAS y ~ ~-~~r 19 ~ CLFR1( ClRqllT COURT, ST. LAICIE 00., fUl V For ~'alue Recei~•ed, I, ~~•e or either of us promise to pay to the order of OUTDOOR RESORTS OF ~\t~':Kl(~r~, INI... Y. U. liOX lllti, 3ensen Feach, FIOi IUil, JJ4e7i, Ui' dTi ~ u~.~'tri i8~8 %oS ~ucl' :i^cia^:^vi ii~o ~ ~ 4 ~ia~ ~ ci~~~i~;nate in ~~riting, the sum of Nine thousand three hundred fifty nine ~ g~ 359.40 Dollars. thi. sun~ being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ~'HARC.E on the amount financed, payable in-__~~- equal consecutive monthly installments of ~ ~ ~ _ 155.99 ___each, and the first. installment to become payable on t e~~ day of~GC~''~-~E1~! ; l and one such installment to become ~lue and payaUle on the~ s~ day of each succeeding month t~~~til the ~.hole of said indehtedness (Total of Payments) is paid. In the e~ent of prepayment in full by cash ; I~~~fore the tinal in~tallment date, the unearned portion of the FINAI~'CE CHARGE shall be rebated under ~ ~ the Rule of 78's. s In the e~~ent of default in the due and punctual payment of any installment on this Note for a period of ~ tt~irty (30) days, or if any statement, representation or w•arrant~ in any application for the credit evidenced ~ i,~~ this Note is found to be untrue in an~• material respect, or in the e~ ent THE UNDERSIGNED, WITHOUT ~ TFiE PRIOR ~'~'RITTEN CONSEI~'T OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ I~'OR ANY MORTGAGE «'H1CH 1~ SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~ ~~li;~iBER OR COM~IIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ E\IST O:v' THE REAL PROPERTY PURCHASED BY THE U1~DERSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS ~OTE or in the event of the incompetency, insoh~ency (howsoever ~ e~-idenced) or bankruptcy of anyone or more of the under~ignecl, then the entire remaining indebtedness then ;iue shall become immediately due and pa~•able at the option of the holder hereof K•ithout demand, presentment ~ ~~r notice of any kind. Any failure of holder to exercise said option $hall not constitute a waiver of the right ~ to exercise the ~atY~e at auy other time. ~ ~ Time is of the essence of this I~ote. In the event an~• installment is not paid when due or within ten ~ clays thereafter, the holder may collect, and the undersi~ned agrees to pay a late charge on such installment in - an amount equal to 5`,~~ of such installment or $5, whiche~er is le~s, and in the e~•ent this Note is collected by - !<i«~ or through an attorney at law or under adrice thereof, the under~i~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 partie~ to thi. note jointl~ and severally transfer, convey and a,si~,?n to the Holder a suflicient amount of such homesteaci or exemption ac may be allowed, includinR such homestead or exemption as may be set apart in bankruptc~~, tc~ pa~• this note in full, with all costs_of collection, ~i and do hereby direct any trustee in bankruptcy ha~ ing posse~~ion of such homestead or exemption; to deliver to the Holder a sufficient amount of property or money se'_ apart as etiempt to pay the indebtedness evidenced :~r hereb~•, or any renewal thereof, and do herei,~•, jointly and se~•erall~~, appoint the Holder the attorney in fact for x~ each of them, to claim any and all homestead exemptians all~n~~ed b~~ laH~. A first mortgage for the securi,ty of the aforesaid indeuteclncss is retained by OUTDOOR RESORTS OF x; A:~IERICA, ING. on Lot ~'o~~_1n that certain Condominium known ss OUTDOOR RESORTS AT NETTLES = ISLAI~n, and on any improvements, fixtures or after acquired property added thereon. as shown by plat re- corded in the Office of the Circuit Court in and for St. Lucie ('ounty. Florida, in Plat Book 16, page 1:1A throu~h 1J. U k ~.~VJ ~ EC~K . ~ :z-, s ~ ~ ~ ~.,_Y._.. _.~~.__~.1__.. . . _