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Home My WebLink About2467 ~ MORTGAGE 24951~ ~ ~r ~ ~ ~ ~hi~1~~~~_~~~~~-hi,C .~i.__~.~L.l~~~~~~--1y- 1~~~~~_!. ~1~~,L-V'!= r~ - tti~~ murt~;a~or, in cuntiideration of thc• princip~il ,um •E~~~citied :~i the promissor~• nute h eafter descril,ed, re- ~~~~i~•c~ci fmn~ OL?TDOOR RFSORTS OF A11SEhICA, II`C., a ci,r~wratiu~~ ~~rganizecl ~?nd exi,ting under the Gav~s ~~f the State of Tenne,~ee, the 111ortgagor. t~ereb~• on thi~_ ~i:?~~ ~,f-~~~~~'-1-________._-_, 19~~. m~~rtga~,?es te? the ~Iurt~~igee the real propert~ in St. i.4rie ('ount~•, 1~'lorida, descril~eci ~is: Lot I~o._ 7C X_-~ in that certain condomini?~m ~ kno~cn as OITTT)OOR RESORTS OF A1!iER1CA ~1T \F.TTLIsS [SLA~'D, as sho~~n Ly I~l:st ~ i-ecoi~led ir2 the Otl~ice of the Ciiruit Cu~u•t in and for St. Lucie ~'ountS-. Florida, in Pla: Book 16, page 1:1A throi~gh 1J. THIS IS A I'URCHASE 110\E1' ~~ORT(:A(:E a~ securiiy for the pl~ment of the promissor~ note of ~~•hich the fulto«-in~? is a cop3•: Installment Note and Disclosure S~atement ` 7, 019.4Q ' _ St_,__Lucie County, , Florida ~ - -L~ ~ 19~ T For Value Recei~•eci, I, ~se or either af us prc:m i.e to pay to the order of OIJTDOOR RESORTS OF :\~iERIC'A, ItiC., P. O. Ror 1126, Jensen Beach, Flor ida. 33457, or any other place a.c the holder hereof may cl~,i~;nate in writing, the sum of Seven thousand~in~t~en & 40f7.00-------{ 7~ 019.40 Do]lar$, this sum being the Total of Payments referred to in the ni,closure Statement below, which includes a FINANCE i'f~ARGE on the amcunt fir.anced, payable in 60 equal consecutive monthly installments of 116.99 each. and the first installment to become payaUle on the~_day of~~6 , , 1~_?.~_. and one such installment to become due and payaUle on the-~day of each succeeding month ::~:±E! the whole of said indebtedness (Total of Payments) is paid. In the event of-prepayment in full by cash l>efore the fina! installment date, the unearnetii portion of the FII`'ANCE CHAPGE shall be rebated under the Rule of i8's. In the event of default in the due and punctual pa~m?ent of any instaiimertt on this Note for a period of thii•t~ (30) days, or if any statement, representation or Karranty in any application for the credit evidenced t~~• this Note is fou~~d to be ~ntrue in an~• material respect, or in the event THE UNDERSIGNED, WITHOUT TFIE PRIOR ti~'F.iTI`it~' GOI~'SE:~'T OF THE HOLDER HEREOF. SHALL SELL, ENCUMBER (EXCEPT I~'OR ANY MORTGr1GE WHICH 1S SECURITY FUR THIS tiOTE) OR OTHERWISE DISPOSE OF OR EN- CL'MBER OR COMDiIT ~NY RREACH OF THE MORTGAGE OR PERDiIT OR SUFFER ANY LIEN TO E!~IST Ol~' THE REAL PROP'r;RT1 PURCHASED BY THE UNDERSIGI`ED AND FINANCED THROUGH THE CREDIT EVIDEI~'CED BI THIS `OTE or in the e~ent of the incompetency, insolvency (howsoever e~~idenced) or bankruptcy of anyone or more af the undersigned, then the entire remaining indebtedness then ; due shall become immediately due a»d pa~ able at the option uf the holder hereof w ithout demand, presentment ~>r notice of any kind. Any failure of hotder to e~ercise said option shali not constitate a waiver of the right io exercise the same at any other time. Time is of the essence of this 1ute. L~ the e~~ent ant• in~tallment is not paid ~hen due or within ten days thereafter, the holder may collect, and the undersi~,rneci agree: to pay a late charge on such installment in ~~n amount equal to 5'': of such instaliment or $5, ~+hiche~•er i. iess, and in the e~•ent this Note is collected by ]aw or through an attorney at lav? or under ~d~ice thereof, the under~i~,rned agrees to pa~• all costs of coUection, including reasonable attorney's fees an~3 court costs to the extent permittecl by Florida latiti. The undersigned and all endorsers or other parties to thi. note j~intly and severally transfer, convey and a~si~?n to the H~lder a sufTicient amcunt of ~uch home~teact ur esemptian as ma~ t,e aliowed, inciuding such homestead or exemption as may be set apart in t?ankruptcy, to ~.a~• tt~fi:s note in ftill, with all costs of collection, and do hereby direct any trustee in bankruptcy hat•ing posse.~iui~ of such homestead or exemption to deliver to the Holder a suflicient amount of property or mone~• set a~~art a~ exempt to pa~ the indei~tedness evidenced hereby, or any reneK•al thereof, and ~o herebl, jointly and se~•er:iil~•, ap}x>i~it the Nolder the attorney in fact for ' each of them, to claim any and all homestead etPmptions all~~«~ed b~• law•. A first mortgage for the security of the aforesaid indeb*eclness is retained by OUTI~OR RESORTS OF ~~11ERICA, INC., an Lot No. ~_~,Ilin that certain Condominium known aa OUTDOOR RESORTS AT NETTLES iSI.A:VD, and on any improvements, fixtures ur aiter acquired pmperty added t6ereon, as shown by plat re- cordeci in the Ofi'.ce of the Circuit Court in and fnr St. Lucie f'~~~?~tv. Floris38, in Plat Book 16, page 1:1A throu~h 1J. ~ R 80UK PACi , ~ - - - - - - _ - ~ ~ - _ ~ ~ . - ~ n_ . ~ _ ~ a;