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Home My WebLink About2427 . ~ ' - - - - - _ - - - - - - ` _ M O R T G A E 249483 ~'1`~'" ZoS~t. ~:r ' wi the mort~,•agor. in consideration of the principal sum specified in the promis.sory note hereafter descrii~ed. r~- ~•t•i~•ecl from OUTDOOR RESOftTS OF AMERICA. INC., a corporation org~nized and existing under the Laws ~~f the State of Tennessee~ the Mortgagor, hereby on this~~ day of ~~~'~r~~~ , 19~c mui-t~;:~ges i~the hiortgagee the real property in St. Lucie Count~. Florida. described as: Lot No.~~~ in that certain condominium known as OUTD008 ' RESORTS~~ERICA AT NE1"fLES 1SLAND, as shown by plat recorded in the Office of the Circuit Court in and for St. Lucie County, ~ - Florida. in Ptat Book 16~ page 1:1A through 1J. : THI5 IS A PURCHASE btONEY 11iORTGAGE Ac security for the payment of the promissory note of which the folloHing is a copy: ~ ~ Installment I~fote ond Disclosure Statement ~ 7, 019.4~ _ st ~ L~~~ie Co ~Lnt-~, , Florida l~G~. ~ 19~ For Value Recei~ed. I. we or either of us promise to pay to the order of OUTDOOR RESOBTS OF ' ~1ERICA, INC.. P. O: Box 1116. Jensen Beach. Flor ida. 33457. or any oth~r place as the holder hereof may cle~i~nate in ~~ritin~. the sum ot`Seven thousand, nineteen & 40/100----_ ~7, 019.40 ~~~~ars~ this sum Ueing the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ('FiARGE on the amount financed. payable in 60 ¢quat consecut~'i~ monthl~ installments of - ! 116.99 each, and the first instaUment to be~ome payable on thp ~ day of . ` [ 1'? s~. and ane such instailment to become due and payable on the-_~_day of each succeeding month ~ iir~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash l~ti~fore tl~e fina} installment date, the unearned portion of the FINANGE CHARGE shall be rebated under the Rule of 78's. In the e~ent of default in the due and punc±~~al paS~rnent of any installment ~n this Note for a period of thirty (30) days. or if any statement. representatiur, or warranty in any application for the credit evidenced this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED. WITHOLJT - TNE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL. ENCUMBER (EXCEPT FOR ANY MOATGAGE WHICH 1S SECURITY FOft THIS NOTE) OR OTHERWISE DISPOSE OF OK EN- CL'MBER OR COMMIT ANY KREACH OF THE ~10RTGAGE OR PEftMIT OR SUFFEft ANY LIEN TO F..l'IST ON THE REAL PROPERTY PURCHA3ED BY THE UNDERSIGNED AND FINANCED THROUGH TIiE CBEDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever e~•idenced) or bankruptcy of anyone or more of the undersig~ed, the~~ the entire remaining indebtedness then ~ cl~~e snall become immediately due and payable a1. the option of the holder hereof without demand. presentment or notice of any kind. Any failure of holder to exer~ise said option shall not constitute a waiver of the right _ to exercise the same at any other time. ~ Time is of the e.ssence of this Note_ In the event any instaliment is not paid when due or within ten ~ ciays thereafter, the hulder may collect, and the unuersigneu agrc~e~ to pay a 1aLe charge an such ;nstallment in :i~i amount equal to 5;~ of such installment or $5, v~hichever is less, and in the event this Note Ss collected by ~ la~c or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, ~ irirludinR reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ Ti~e undersigned and all endorsers or other parties to this note jointly an~ severaliy transfer, convey and ~ a~~ign to the Holder a sufficient amount of such homestead or exemption as ma;~ be alloweci,' including such ~ homestead or exemption as may be set apart in bankruptcy. to ~ay this note in full, with ail costs of collection, ~ and do hereb~• direct any trustee in bank: uptcy having posse.ssion of such homestead ar exemption to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced a hereby, or any renewal thereof. and do hereby, jointly :~nd severally, appoint the Holder the attorney in fact for each of them, to ciaim ar~~ and all homestead exemptions allo~ed by law. A first mortgage for the security of the aforesaid indebteciness is retained Uy OUTDOOR RESORTS O~' ~ a:11ERICA, INC., on Lot No~~n that certain Condominium kncwn aa OUTDOOR RESORTS AT NE'ITLES ~ ISLAND, and on any improvements, fixtures or after acquir~d property added thereon, as shown by plat re- ~ corded in the OtFce of the Cireuit Court in and for St. Lucie Gounty. Flori~ia. in Plat Book 16, page 1:1A throu~h 1J. 3U~JK~+11 ~arr" 2~~+.~ ~ - - ~ ' ~ . _ ~ : . . ` ~