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Home My WebLink About2629 i / zS1~8~ MORTGAGE : , ~!~flr9~~- (~u.~Nr,~C~.t,s~i ~?v ~i~~ l~~r/.r~rHC.~/~.,~ the mortg~gor, in consideration of the principal sum ~specified in the promiasory nate hereafter described, re- cei~•ed from OUTDOOB RESORTS OF AMERICA, INC.~ a corporation organized and exixting under the I.aws of the State of Tennessee~ the Mortgagor~ hereby on thia_~~ day of i11~~.l2~- 19~~, mortgages to the Mortgagee the real property in St. Lucie County, Florida~ described as: ~ Lot No. 97 ~in that certain condominium known as OUTDOOR RESORTS O AMERICA AT NETfLES ISLAND~ aa ahown by plat recorded in the Ofl9ce of the Circuit Court in and for St. Lucie County~ • Florida~ in Plat Book 16. page 1:1A through 1J. THIS IS A PUBCHASE MONEY MORTGAGB As security for the payment of the promiasory note of which the following is a copy : ~ - Installment Note ond Disciosure Statement q7 ~ ~19.4~ R~EIYED ~ ~!I'y tN PArMENT QF TAxQ St . T+LIC~@ COU11tY ~~pl'~d8 _ DIIE ~M ~1/4SS 'C' INTANGIB! E ?f' : : ~~'fRry, ' PURSUAt11 TO CIIAPtfQ 71•134. ACI;, UF lsii. ~ry, 18 ROGER PaRRAS 'nl` CLER1( ~fAqlR~ . ST. UICt~ CO For Value Received, I, we or either of us prom~se ~o~ay to the order of OUTDOOR RESOftT3 OF AJiERICA, INC.. P. O. Box 1116, Jensen Beach, Flor ida, 33467. or any other place as the hotder hereof may cie~ignate ~in writing. the sum of Seven thousand nineteen & 401100 7, 019.40~ Dollars, this sum being the Total of Payments referred to in the Disclosure 3tatement below. which includea a FINANCE ('HARGE on the amount financed, payable in equal consecu~e monthly installmentas of ; 5~_1_~99 each, and the first instaliment to become payable on the~L-day of , ~ 1 J_~, and one such installment to become due and payable on the-_ ~~T day of each succeeding month ~~ntil the whole of said indebtedness (Total of Paymenta) is paid. In the event of prepayment in full by caah 1~efore the final instaliment date, the unearned portion of the FINANCE CHARCE ahall be rebated under the Rule of 78's. In the event of default in the due and punctual payment of any inatallment on thie Note for a period of thirty (30) days. or if any statement, representation or warranty in any applIcation for the credit evidenced f t~y this Note is found to be untrue in any material reapect, or in the event THE UNDEItSIGNED, WITHOUT c THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL~ ENCUMBER (EXCEPT ~ F OR ANY MORTGAGE WHICH 1S SECURITY FOft THIS NOTE) OR OTHERWISE DI3POSE OF OK EN- CUMBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMlT U8 SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED TH~tOUGH THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency. Insotvency (howeoever 4 evidenced) or bankruptcy of anyone or more of the undersigned. then the entire remalning indebtedneua then due shall become immediately due and payable aL 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 oi the right to exercise the same at any other time. Time is of the essence of this Note. In the event any installmer~t is not paid when due or witbin ten days thereafter~ the holder may collect, and the undersi~ned agrees to pay a late charge on such installment in an amount equal to 5% of such installment or $5, whichever is lexs, and in the event this Note is collected by law or through an attorney at law or under advice thereof, the undersigned agrees to pay all coats oi collection, including reasonable attorney's feea and court coats to the extent permitted by Florida law. The undersigned and all endorsera or other parties to thia note jointly and severally transfer, convey and asgign to the Nolder a sufficient amount of such homestead or exemption ae may be allowed, including such homestead or exemption aa may be set apart in bankruptcy, to pay this note in fuil~ with all coste of collection, and do hereby direct any truatee in bankruptcy having poases,ion of such homeRtead or exemption to deliver to the Holder a suf~icient amount of property or money xet apart as exempt to pay the indebtedneas evidenced hereby, or any renewal thereof, and du heret,y, jointly and xeverally, appaint the Hofder the attorney in fact foc each of them, to claim any and all homeatead exemptionx alloK~ed b~ law. A firat mortgage [or the~~~ -urity of the aforesaid indel,tednexs ib retained by OUT[~OR R~i~RTB 4F AMFRICA, INC., on I.ot No.~"~~-in that certain Condc,minium kr.own v OUTIjOOR R~SOKTS AT NE'ITI.E~ ISI.AND, and on any improvementx, fixturex or after acyuired pmper!y added tbereon, a~ aFwwn by pt~t re- corded in the Office of the Circuit ('ourt in and for St. I.ucie ('ounty, F"torida, in Plat fiouk 1B, paKe 1:1A cnr~~un la. U R . ~~~~2~2 ~ ~ ~ 3-:~..~--,,.~ee....~ r;, - kR 4~,,,} ~1 k.., `;~i. _ ~ ~ . .s':>'=~ .