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Home My WebLink About0836 ~ ~ . . - . ~1.: - -"~r~r~~ ~ti_ ~.q I . : -~54'~GG4~ ' ~,,.~,,,~.s-: us ,s~-~ O R T G A G E ~ Fso ~ r~~-ls~r- ~ o~o~ 9I'~~Rx l9 N'~1 is~riNS tf t S c.+~~ ~t ~ t~~.~1 ,.t'~. . :ne mort g~ boi•, in consideration of the principal sum specified in the promissory note hereafter described. re- ;~i~•ed ~rom OUTDOOR RESOR'I~S OF AMERICA. IN C.~ a corpora tion organiz e d a n d exis t i n g u n d e r t h e L a w a the State of Tennessee. the .1Zortgagor, hereby on thia~~, ~`r-day of ~tv~•~ , lg~~' mortgages to tk?e Mortgagee the real property in St. Lucie County. Florida, described as: ~~04~~~ Lot No. --U' in that certain condominium known as OUTDOOR `,~Q~`~'dc~ ;umentarY RESORTS OF A:1'iEftICA A NE'T'i'LES ISLAND, as shown by plat Q~,`~ ~ ~t;~*ed oi~ginal note lecorded in the Office of the ~ircuit Court in~ and for St. Lucie County. q1 ~e~'~~. e„d c~nce??eo Florida. in Plat Book 16. page 1:1A through 1J. 1~' `~~1ti~J~' THIS IS A PURCHASE tiiO1~EY ~iORTGAGE ~'~c'1~-~~ ~ . ~ ~ ~ a~ se..urity for the payment of the promissory note of which the following ia a copy s~~~,~~ ~ installment Note and Disclosure Stotemenr a~' ~~~~.,52_ dz' tts- C..,O be+J~ , Florida /L~ I`~~ ~ ~ ~ 19 ~ Foi• Value Received. I. ~e or either of us promise to pay to the order of OUTDOOR AESOATS OF :~,~:ERICA. INC.. P. O. Box 1116, Jensen Beach. -Flor ida. 33457. or any other place & hg2 qldg~ hereof may 5 /1U ,:,~.~;~;nate in ~~riting, the sum ofSeven Thousand Nine Hundred Fifty Five ~7q~_~~_) Dollars. i~ sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ::~:~RGE on the amount financed, payable in 96 equal consecutive monthly installments of ~ ~ 8~. g7 each~ and the first installment to become payable on th~day of , f i:~~. and one such installment to become due and payable on the f~~ day of each succeeding month ~ :;::il the ~vhole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash i ` ( :~~fJ2'~ the final installment date. the unearned portion of the FINA\TCE CHAAGE shall be rebated under - ,:ze 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 ~:~i~•t~ (30) days, or if any statement, representation or warranty in ~any application for the credit evidenced this ~~ote is found to be untrue in any material respect~ or in the event THE UNDERSIGNED. WITHOUT ' :'iiE PRIOR WRIT'I'EN CO~TSENT OF THE HOLDER IiEREOF, SHALL SELL, ENCTJ:VIBER (EXCEPT : OK A\Y i~10RTGAGE WHICH 1S SECUftITY FOR THIS 1~'OTE) OA OTHERWISE DISPOSE OF OR EN- ; L"~fBER OR COD'IiVIIT A\Y RREACH OF TfIE :ViORTGt1GE OR PEBMIT O~t SUFFER ANY LIEI~` TO .7\ T::E RF. aI. PROPI?RTY PURCIIr1S~D BY THE U1 DERSIGNED AI`D Fil\'ANCED THROL'GH ~ ; C'iii:i~i'1' E~'IllE\C~D BY T~IIS tiOTE or in the event of ti~e incompetency. insoivency (nowsoever ~ ~~•:~enced) or ba~3i:ruptcy of anyone or more of the undersi~r?ed, then the entire remaining indebtedness then <i ua shali b~com.e imr.?ediately due and pay able at the ogtion of the holder hereof without demand, presentment or i~otice of any kind. Any failure of r.older to exercise said option shall not constitute a waiver of the right .o exercise the same at any other time. Time is of the essence of this I`'ote. In the event any instailment is not paid when due or within ten ~:~~•s tnereafter, the holdrr may collect, and the undersigned agrees to pay a late charge on such installment in ~ ~:r. amount equal to 5% of such installment or $5, whichever is less~ and in the event this I~`ote is collected by ~:a~~~ or t'~rough an attorney at law or unde~ advice thereof, the undersigned agrees to pay all costs of collection~ i~:c;ading reasonable attorney's fees and court costs to Lhe extent permitted by Florida law. The undersigi~ed and all endorsers or other parties to this note jointly and severally transfer. convey and «s;:gn to the ~:older a suflicient amount of such homestead or exemption as may be allowed~ including such ~ ;,omestead or exemption as may be set apart in bankruptcy. to pay this note in full, with all costs of collection, , a;:d cio hereby direct any trustee in bankruptcy having posse.ssion of such homestead or exemption to deliver to ~'r.e ~iolder a sufficient amount of property or money set apart as exempt to. pay the indebtednesa evidenced :ereby, or any renewal thereof~ and do herel~y, jointly and severally, appoint the Holder the attorney in fact for ; e~ch of Lhem. to claim any and all homestead exemptions allowed by law. A first mortgage for the sec ity of tr.e aforesaid indebtedness is retained by OiJTD008 RESOftTS OF .;.IiERICA, INC., on Lot "i 'n that certain Condominium known aa OUTDOOR RESORTS AT NETTLES , ;~LA`D, and on any improvements, fixtures or after acquired property added thereon~ as ahown by plat re- iJI•ded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page l:lA tnrough 2J. BOOK 214 PACf ~J~ oL - ~ '^A l~ ~ .3.. . . . _ " ~ ~y~YS ~c+n R~ ;y~ .~?'~~'•,~.~i :.3- :~-";.u'"y_~ z.T~ 2: d . `.+~s,^~J~~~.~-'s~-.