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Home My WebLink About2444 - - ~ _ _ - ~4~496 6q 9~ MORTGAGE ~ oZ ~i9 i r l.c~ A~~i4,~'1 e~ ~ ~_~.Q~_S:._~'A .i4~ ~~'o j+ ~,~`L. L /.ve~,S ~ the mortgagor. i consideration of the princi 1 sum specifiecl in the promi~sor~ note hereafter descriUed. re- ~ ~~~~i~~ecl fmm OUTDOOR RF.SORTS OF AMF.RICA. INC., a corpor~tion organized und existing under the LaKs ~~i the State of Tennessee, the Mortgagor, hei-eb~~ on this___~~ ~da~~ of__~~.~,~_~1~~__ 19~~. . m~n•tga~,?es to the Mortgagee the real property in St. Lucie County, Florida, de~cribed as: Lot No.~ in that certain condominium known as nUTDOOR RESORTS OF Ar~ER1CA r1T NE'I"fLES ISLAI~D. as sho~r•n by plat rerurdecl in the Ofl~ice of the Circuit C~urt in and for St. Lueie County. Florida, in Plat Book 16, page l:la throuKh 1J. THIS IS A PURCHASE ;110:~EY ~110RTGAGE securit~ for the payment of the promissory note of ~vhich the following is a copy: Instailment ote ond Disclosure Statement ~LO • 0 _ IN PAYMEM ~ TAXES , = MlE ON CUISS 'C INTANGIBIE PE~:~til PRppfRiY~ S r ~C~lc. C~ - . Florids? PURSl1A1(T TO CriAPIE4 71-13i. ACiS OF 1971. / kOGEit POtTNAS /~~~fJ ~~Td C: S~ 19~ CLEAK CIRCUIT OOUNT, ST. LUCIE G0~ i!A l/ F~r Value Recei~•ed. l. w•e or either of us prom ise to pay to the order of OUTDOOR RESORTS OF ~IERIC~. Ir'C.. P. ~ O. Box 1116. Jensen Beach. Flor ida, 334 7, or any o her place e holder hereof may o .flo de.ignate in «riting, the sum o ~ ~'i~cl,~ Dollars. this st~m being the Totai of Payments referred to in the Disclosure Stat ent ow, w'ch includes a FI?~1ANCE l'~IaRGF on the amount financed, payable in equal consecutive monthly inc*~~'ments of each, and the first. instaliment to become payaUle on the ~day of~~~~~hf~ 1 , and one such installment to become ~~ue and payable on t!~e-_ day of each succeeding month l:~~til the whote of said indebtedness (Total of Payments) is paid. In the event of prepa~~ment in fuli by cash 3,E~fore the fina} installment daie, the unearned portion of the FI11~'ANCE CHATGE shall be rebated under the Rule of 78's. In the event of default in the due and punctual payment of any installment on this Note for a period of thirty (301 Jays. or if any statement. representation or warranty in any applicatian for the credit evidenced t~~- this Note is found t~ be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT THE PRIOR ~VRITTEN CONSEI~T OF TNE HOLDER HEREOF, SHALL SELL, ENCUMBF.R (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS I~OTE) OR OTHERWISE DISPOSE OF OR EN- CLbiBER OR COMMIT ANY RREACH QF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO EYIST ON THE REAL PROPERT~' PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CftEDIT EVIDENCED BY THIS NOTE or in the e~ent of the incompetency~ in.galvency (howsoever c~-idenced) or bankruptcy of anyone or more of the undersigneci, then the entire remaining indebtednes~ then ciue shall t~ecome immediately due and payabte at the option of th~ holder hereof without demand, presentment or notice of any kind. Any failure of hotder to e~ercise said option sha11 not constitute a waiver of the right to exercisc ±he same at any other time. Time is of the essence of this Note. In the e~ent any installment is not paid when due or within ten ciays thereafter~ tne holder may collect, and the undersigned agrees to pay a late charge on such installment in an amount equ~i to 5',~~ of such instaiiment or $5, wnichever is iess, and ir~ ti~e e~er~t this :L•o~e is collected hy taw or through~ an attorney at la~c~ or un~:er advice thereaf,-the undersigned agrees to pay all costs of collection, including reasonable attorney's fees and court costs to the e~tent permitted by Florida law. The undersigned and all endorsers or other parties to this note jointl3• and severally transfer, convey and assign to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such homestead or exemption as may be set apart in hankruptcy, to pay this note in full, with all costs of collection, and do hereby direct any trustee in hankraptcy having posses~ion of such homestead or exemption to de~iver to the Nolder a safficiPnt am~unt of property or money set apart as exempt to pay the indebtedne4s evidenced hereb~~, or any renewal thereof, and do herehy, ;ointly and se~erally, appoint the Holder the attorney in fact for each of them. to claim any and all homestead exemptions allov~ed by la~. A first mortgage for the sec~rity of the aforesaid indebtedne~s is retained by OIJ'fDOOR RESORTS OF ~?y1ERICA, tNC., on Lot I~'o.~~~n that certain Condominium known aa OUTDOOR RESORTS AT NETTLES ISLAND, and on any improveme~ts, fixtures or after acquired pro~rty added thereon, a.s shown by plat re- corded in the Office of the Gireuit Cuurt in and for St. Lucie County. Florida, in Plst Book 16, page 1:1A throuKh IJ. " ' - " 6o~K211. ~:-~4~t~ - - - - _ _ ~ ~ ~ _ ~ . r . .