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Home My WebLink About5503 ~ MO RTGA~ E 24~329 , ~ ' , `4-~I / ~t _ ~ f ~ c~~- = ~ - fi - -Q-----G r~ _ _ -:1- _ f~•~ ~ ~ -S-`.~•~-:--1L_-- - r},~~ m~~rt~~i~?or, ~n consideration of the principal sum specifiecl in the prcmissor~ nute hereafter described. re- ~~~•i~•ed from OUTnOOR RF.SORTS OF A11~F.RICA. INC., a coi•poration organized and existin~* under the La~s ~~f the St~ite nf Tennes.ee, the biortgabor, hereb~~ on this_.~ 1__ _da,r• of_.__ ~C 19_%'-~ ~ r>>~~rt~.?~,~e. t~? the 111ortgagee the real property in St. Lucie Count~~. Florida, descriUed as: S~"c ~l c n T~ Lot I~'o..~~~_ in that certain cor.dominium kz~o~~n as OUTI)OOR RESORTS OF AbiERICA AT NETTLF.S 1SLAND, as sho~~n by plat recorded in the Ofiice of the Circuit Court in and for St. Lucie Coimty, Florida, in Plat Book 16, page 1:1A thi~uugh 1J. THIS 1S A PURCHASE \IOtiET ~lORTGAGE .ecurit~ for the pa~•ment of the promissory note of ~~hich the follo~~~ing is a cop~ : Instaliment Note and Disclosure Statement : 9 3 59 .40 ' y IN PAYMENf OF TA~ _ St . Lucie Co . , Florida . ` - 01~ ON CIASS 'C INTANGIHIE PERSONAL PROPERIY. L'eeu^e'.':N '-'~"'~S ~~T TO CFIAPTER 71~1'3A. ACTS OF 1411.~ v~-~ atil~:~+ :1 ~.~k ROGER POITRAS - 191s.G and c~:::!+c~ (~p~, IT URT, SL LttCIE F v~i~~p RPI`P~VPl~ ~..•P ~r w~ ,~Pr uc nrom ~se~b ~v to the order of OUTDOOR RESORTS OF :1 ~I I~:IZI('A, .1NC., P.~ O. Box. 1116, Jensen Beach, Flor ida, 33457, or any other place a~~~~der hereof may ~3~~~ik~nate in ~~riting, the sum of Nine thousand three hundred fifty nine ~ 9, 359.4q Dollars, ?hi, sum bein~ the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ~ ii~RGE on the amount financed, payable it~__~ equal consecutive monthly in tallments of ; ; 155.99 _Qach, and the first installment to become payable on the-.,L-~ day of_ , j 1 f~ 7~, and one such instailment to become due and payaUle on the___~ day of each succeeding month i ~,,>>til the ~i•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~#~~~f~~re the final in,tallment date, the unearned portion of the FI~`r1I~'CE CHARGE shali }~e rebated under f ~ ^;ht~ Rule of 78's. ~ ln the e~•ent of default in the due and punctual payment of any installment on this Note for a period of ~ it~irt~~ (30) days, or if any statement, representation or ti•arrant~~ in any application for the credit evidenced 1~~• this I~ote is found to be untrue in an~~ material respect, or in the event THE UNDERSIGNED. WITHOUT ~ TNE PRIOR R'RIT'I'EN CONSE:~'T OF THE HOLDER HEREOF, SHALL SELL. ENCUMBER (EXCEPT ~ F(lR ANY MORTGAGE WHICH 1S SECURITY FOft THIS NOTE) OR OTHER~'VISE DISPOSE OF OR EN- ~ t~L':~iBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO a F..l"IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ TIIE CREDIT EVIDENCED BY THIS NOTE or in the e~~ent of the incompetency, insolvency (howsoever ~ e~~icienced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ c~ue shall become immediately due and pa~•able at the option of the holder hereof without demand, presentment ~ ~~r notice of any kind. Any failure of holder to esercise said option shall not constitute a waiver of the right t~~ exercise the same at any other time. A - Time is of the essence of this tiote. In the e~ent an~• installment is not paid when due or within ten -3 ~la~•s thereafter, the holder may collect, and the undersik?ned ay;rees to pay a late charge on ~u~h installment in - ~~n amount equal to 5~~ of such installment or $5, v:hiche~•er is less, and in the e~~ent this Note is collected by la~.- or through an attorney at law or under advice thereof, the underGiRned agrees to pay all costs of collection, includinK reasonable attorney's fees and court costs to the estent permitted by Florida law•. ~ - " The undersigned and all endorsers or other parties to this note jointly and se~erally transfer, convey and a"i~,~n to the H~lder a suHicient amount of such homestead or exemption as may be allowed, including such h~~mestead or exemption as may be set apart in hankruptc~•, to pa~• thi~ note in full, with all costs of collection, _ and do hereby direct any trustee in bankruptc~ ha~•ing po.se~~i~n of such homestead or exemptior~ to deliver to - the Holder a sufi'icient amount of propert~• or money set apart as e.r-empt to pay the indebtedness evidenced _ hereb}•, or any renewal thereof, and do herei,~•, jointly and ~e~•erall~•, appoint the Nolder the attorney in fact for each of them, to ciaim any and all homestead exemptions all~,~~~ed 1~~~ law•. A first mortgafie for the sec~yrity of the aforesaid inciel?tecines~ is retained b~• OUTI~OOR RESORTS OF ~ ~~iER1('A, INC., on Lot No:~.a_in that certain Condominium knovvrt sa OUTUOOR RESORTS AT NETTLES I~I.A:~'i), and on any improvements, fixtures or after acyuired property added thereon, as shown by plat re- rurded in the Office of the Circuit ('ourt in and for St. Lucie ('ounty, Fiorida, in Plat Book 16, page 1:1A - throu~*h 1J. ~ 2~~~ - cGG~: w$ , ~ , , . , ~ ~ - . _ _ . _ _ _ _