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Home My WebLink About2463 - MORTGAGE ~49510 - . ~y~ _ . . . ~~~~_1~1~E~ ~ SP ~ la o~ ~LL , the mortgaKor, in consideration of the principal sum specified iu the promissory note hereafter described. re- ~•~~i~•ed from OLrI'DOOR RF.50RTS OF AMERICA, INC., a corporatian organized and exi~ting under the Laws uf the State of Tennessee, the Mortgagor, hereby on this__..~.~~ day of S~ _ , 192~. mc~rtbages to the 1liortgagee the real property in St. Lucie County. Florida, de~cr? as: Lot No._~~ in that certain condominium krio~~ n as OIJTDOOR RESORTS OF AMERICA AT NE1"TLES ISLAND. as shown by plat recorded in the Office of the Cireuit Court in and for St. Lucie County, Florida. in Plat Book 16. page l:lA through 1J. THIS IS A PURCHASE ;110hE1' ~lORTGAGE security for the payment of the promissory nate of which the foltowing is a copy : Installment Note a~d~ Disciosure Statement ~ il, 2~0.~0 ~ ~ ti ~ou.,- . ~o~aa ~ 3 19~. For Value Recei~•ed, 1, K•e or either of us promise to pay to the order of OUTDOOR RESOftTS OF a~fERICA, INC.. P. O. Box 1116. Jensen Beach. Florida, 33457, or any other pla~~~~ holder hereof may d~•ifinate in writ;n~, the sum of Eleven thousand two hundred seventy ~t _~70 =4n Dollars. thi~ sum being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ('EIARGE on the amount financed, payable in -96 equal consecutive monthly installments of ~ . f 117 .40 each, and the first installment #o becume payable on the ~ day of- ~ 1~ _~~and one such installment to become due and payable on the-~-day of each succeeding month ~ ~~~~til the whole of said indebtednes.s (Total ot Yayments) is paid. In the event of prepayment in full by cash i '~efore the final installrr~nt date, the unearned portion of the FINANCE CHAAGE shall be rebated under ~ the Rule of ?8's. ln the e~ ent of default in the due and punctual payment of any installment on this Note for a period of thirty (30) days, or if any statement. representation or warranty in any application for the credit evidej?ced t~~• this Note is found to be untrue in an~ material respect, or in the event THE LTNDERSI(;NEII, VI%ITHOUT ~ THE PRIOR WRITTEN CONSEI~'T OF 1 HE I-iOLDER HEREOF. SHALL SELL, ENCUMBER (EXCEPT FOR A:vY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE nISPOSE OF OR EIv'- CUMBER OR COMMIT ANY RREACH OF THE MORTGAGE OR -PERD~IT OR SUFFER ANY LIEN TO - EYIST ON TNE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH T~IE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency ~howscever e~•idenced) or bankruptcv of anyone or more of the undersigned, then the entire remaining indebtedness then due sha11 become immediately due and payable at the option of the holder hereof without demand, presentment or notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right to exercise the same at any other time. Time is of the essence of this Note. In the event anp installment is nQ~ paid when due or within ten days thereafter, the holder may collect, and the unders;gned agrees to pay a late charge on such installment in ~ an amount equal to 5;~ of such installment or S5. whichever i~ less, ar~d in the event this Note is collect~ci by ~ law or through an attorney at law or under advice thereof. the undersigned agrees to pay all costs of cc;:ection~ including reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ The undersigned and all endorsers or other partie~ to this note jointly and severally transfer, convey and ~ a~~ign to the Noider a sufficient amount of such homestead or exemption a.g may Ue allowed, including such homestead or exemption as may be set apart in I~ankruptcy, to pay this note in full, with all costs of collection, and do hereby direct any trustee in bankruptcy having pa~.ses.ion of such homestead or exemption to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced hereby, or any renewal thereof, and do hereby , jointly and se~ erall~•, appoint the Holder the attorney in fact for e~ch of them, to claim any and all homestead exem~tions allo~~~ecl by la~. A first mortgage for the ~rity of the aforesaid indebtedness is retained by OUTDOOR BESORTS OF AI~iERICA, INC., on Lot No~'~U in that certain Condominium known sa OUTDOOR RESORTS AT NET1'LES ISI.AND. and on any improvements, fixtures or after acy4ired property added thereon, as shown by plat~ re- corded in the Office uf the Citcuit rourt in anc for St. Lucie County, Florida. in Plat Book 16, page 1:1A through 1J. 0 R~1 1 BOUK 11 °Ai.t x ~ ~ - - - ~ ~ _ # ~ ~ ~ ~-~.:-~x ~ - ~~4 _ s_.._~ n.~ ~ . _ F-.~. _ _ , , J ~ ~ ~ r n.:=~+