The URL can be used to link to this page

Home My WebLink About2343 ~ • . MORTGAGE 24'~342 ~ -~•rt~ ~ o L~s _,Q~.~= ~2r~.t t ~ Lrt~ . th~~ nu?rt~?:i~,•or, in cun,icieration of the principal sum sp~citiecl in the prc,miss ~~a~hereaf~er described, re- ~•~~ired feY~m OLTTnOOR RESORTS OF Ab1ERICA, INC., a corporxtion organized and existing under the Laws ~~f the State of 1'enne,~ee, the Mortgagor, hereby on thi. _1 ~-_d~y of_~~r'~!C+'~?~!'_~--.______. 191~, nz~~i•t~,<<i~,~e~ to the Aiortgagee the real propert~~ i~i St. Luc;y fbunty, Florida, described as: ` Lot Na~L~~:~' '.1L in that certain condominium kno~~n as OUTDOOR RESORTS OF A111ER1CA AT \'ETTLES ISLAND, as show•n by plat recorded in the Oflice of the Circuit Court in and for St. Lucie Cowrt~~. Florida, in Plat Book 16, }k~ge 1:1A through 1J. THIS IS A PURCHASE ~i01~Y ~fORTGA(:E a. security for the pa~me»t of the promissoi-y note of ~~~hich the follo«-ing is a copy: Installment Note and Disclosure Statement x ! 3 c n•`~ ~ R~E~YED ~ Z IN PAl?d DtIE Ok CtASS 1NTANGIBLE PE9SO;t,~ pO~R~ L•u c i e ~o . . Florida p1RSUAWT TO CHAPtFR 71-13t. AC1S OF 19)I. • ~ 7 QV ~rZ, ~ ROGER POIiQl1S j~l`y -----~C 19~ CfRqlli OOURT. Si. LUC~~ pp~ / F~r ~'alue Recei~•ed, I, ~~•e or either of us prom~se t~ay to the order of OUTDOOR RESORTS OF ~iERI('~?, I1\'C., I'. O. Box 1116, Jensen Beach, Flor ida, 33457, or any other place ~s~~~older hereof may ~?~~si~;n~ite in ~tiriting. the sum o~`'-ne ~'~ocz;;an~ thrc~~ ~,an:?r~~.~ ~ - , - . r ~ n , (-~_n - ' ~ Dotlars. ti~i, si~m beinb the Total of Pa~ments referred to in the Disclosure Statement betaw. which includes a FINANCE t'F~ARGE on the amount financed, pa~able in._____.;'~___ equal consecutiT monthly installments of 1~~•'~ ~~each, and the first installment to become payable on the_.~ S~ day of ~?~ti . 1 and one such installment to become ciue and s~ payable on the ~ day of each succeeding month l~r~til the Khole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~~t~fore the finai instaliment date, the uriearned portion of the FI1~'AI~CE CHARGE shall be reUated under the Rule of 78's. In the e~•ent of default in the due and punctual pa~~me~zt of aiiy instaliment on this I`Tote for a periad of t}~irt~- (30) days. or if any statement, representation or w•arranty in any application for the credit evidenced i~~• this IVote is found to be untrue in anv material respect, or in the event .THE UNDERSIGNED, WITHOUT TNE PRIOR «'RITTEN GOr'SE\`T Of~ THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT FOR AI~'Y MORTGAGE WHICH 1S SECURITY FOR THIS h'OTE) OR OTHERWISE DISPOSE OF OR EN- ('L'DiBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT Oft SUFFER ANY LIE~T TO E:.l"IST ON THE REAL PROPERTl' PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE GREDIT EVIDENCED BY THIS NOTE or in the e~~ent of the incompetency, insolvency (howsoever i e~~idenced) or bankruptc~ of anyone or more of the under~iKned, then the entire remaining indebtedness then ~ ciue shall become immediately due and payable at the option of the holder hereof Kithout demand. presentment ~~r not:ce of any kind. Any failure of holder to exerci~e said option shall not constitute a µ•aiver of the right to exercise the same at any other time. Time is of the essence of this ;~ote. In the e~~ent an~• instaliment is not paid when due or within ten ~iays thereafter. the holder may collect, ancl the undersikned agree~ to pav a late charge on such instaliment in an amount equal to 5~; of such installment or $5, whiche~-er i~ te~., and in the e~ent this Note is collected by la~v or through an attorney at law or under advice thereof, the under•igned a~rees to pa1~ al! costs of collection, including reasonable attorne}'s fees and court costs to the ertent permitted by Florida law~. , The undersigned and a11 endorsers or other parties to this note jointly and severally transfer, convey and assi~n to the Hoider a sufficient amount of such home~tead or esemption ac ma~• be altowed, including such homestead or exemption as may be set apart in hankruptcy, to pa~~ this note in full, ~rith al) costs of collection, and do hereby direct any trustee in bankruptcy hac•ing po,se~.ion af such homestead or exemption to deliver to the Holder a sufficient amount of propert~~ or money set a~~art as exempt to pay the indebtedness e~~idenced hereby, or any~ reneu•a! thereof, and do hereb~•, jointly and se~•erall~•, appoint the Nolder the attorney in fact for each of them, to claim any and all homestead exemption, allr~~red b~• IaH•. A first mortgage for the s urity of the aforesaid indebtedne~s is retained hy OUTDOOR RESORTS OF al~1ERICA, INC., on Lot No1~~n that certain Condominium known as OUTDOOR RESORTS AT NE1"TLES (SLANn, and on any improvements, fi~ctures or after acquired property added Lhereon, as shown by plat re- corded in the Of~'ice of the Circuit (burt in and for St. I.ttcie ('ounty, Florida, in Plat Book 16, page 1:1A through 1J. ~ ~ r`~~~ 50at~ ~1,~, ~ ~ Q ~ .~rt _ , ._4 - - ~ ~ _ ~ ~x;~-~~