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Home My WebLink About0880 . 1 6 ~ . . T G A G E 254'79'7 . .~ei~ .d . - _ . chr ma~•t~;a?~~~?•, in considerntion of the princip:i~ sum specifieci in the promi:~.sory note hereufter described. re- rri~•ed itotn OUTDOOR RESORTS OF AMERICA, INC., u corp~tion orbanizecl d existing under the a ~~i the State of Tennessee. the Mortgagor. hereby on thi~-day of ~~~1~' , 19.1_~, f1i01•tgages to the Mortgagee the real property in St. Lucie Couttty. Florida. descr.ibed as: z~.6 ~ 0~~~~1. Lot No...,~ ~ 'n that cerwiiu condominium known as OUTI)OOR 1 Q*'~~' Q>>. RESORTS OF AMF.RiCA AT N~:'i"CI.1~:S ISI.ANn. as shown by plat ~ y~ ~QE~~~j ~y recorcied in thQ OAice of the Circuit (:ourt in and for St. Lucie County ,~e t~' E1~" ~~~5~~~11 F~OII(iR~ in Plat 13ook 1G~ pay;e 1:1A throu~;h 1J. ~~1~1~t~~P`+ n n e Ie0 ZF. 1?~' ~ 9 w ce~1e0 ~ ~ t THIS IS A PURCHASE DiO~1EY DiORTGAGE4~,c~'~c1~'~o cX~~~,t, 5' A~ ~ecurity for the pnyment of the piromissory? note of which the following ig a co ~ ~ ~ Insteilment Note ond Disciosure Statement~`' ~ 716 04 . 4 0 3t . Luc i ount v. . Florida - ~ _ 19~ For Value ~Received, I. w•e or either of us piY?n~ise to pay to the order of OUTDOOR RESORTS QF ~I I:I:II'A, INC.. P. O. Box 1116. Jensen Beach, Flor ida. 33457. or any other place as the holder hereof may ~ir<i~nate in ~~ritin~;, the sum of~venty-six hundred,four & 40/100------~?,604.40~ Dollars, ti~i~ cun~ bein~,• the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE t'IIARGE on the amount financed. payable in_-~~u__ equal consecutive monthly installments of 126.?4 S~ each, and the first installment to become payable on th~ =day of . t~~ ~3. and one such in~taliment to become due and ~ payable on the^__~_day of each succeeding month ;~~~tii the ~~hole of ~1id indebtedne.gs (Total of Payments) is paid. In thc eve~t of prepayment in full by cash i~etore the final installment date. the unearned portion of the FINANCE CHARGE shali be rebated under ine R~ile of 78's. In the e~enE of default in the due and punctual payme~it of any installment on this Note for a period of t I~i~•ty (30) da~•s~ or if any statement. represeniation or warranty in any application for the credit evidenced i,~• this Note_i~ found to be untrue in any material respect, or in the event TNE UNDERSIGNED. WITHOVT ~r~iE PRtOR «~RITTEN CONSEVT OF THE HOLDER ~iEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ t~ nR AN~' DiORTGAGE VVHICH 13 SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ' t't'~IBER OR COMMIT ANY RBEACH OF TIiE MORTGAGE OR ?ERMIT OR SUFFEft ANY LIEN Z~O ~ j E~IST ON THE REAL PROPERTY PURCHA$ED BY THE UNDERSIGNED AND FINANCED THROUGH ~ 7'ItE GREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency~ insolvency (howsoever ~ c~•icienced) or Uankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ due chall Uecome immediately due and payable aL the opiion of the holder hereof without demand, pre.gentment I nl• notice of any. kind. Any failure of holder to exercise ~aid option shall not constitute a waiver of the right to exercise the same at any other time. i Time is of the essence of this Note. In the event any instaitment is not paid when due or within ten <ia~•s thereafter, the holder may collect, and the undersigned agrees to pay a late charge on svch installment in ~tiii amount equai to -5~! of such installment or $5, whichever is less, and in the event this Note is collected by ia~ti- or through an attorney at law or under advice thereof~ the undersi~ned agrees to pay all costs of collection, ' inctudinR reasonable attorney's fees and court costs to the extent permitted by Florida law. i ~ The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and :~~Gi~n to the Holder a aufi'icient amount of such homestead or exemption as may be allowed, including such i hnmestead or exemption as may be set apart in l~ankruptcy, to pay this note in full~ with all costs of collection, <?~~d do hereby direct aqy trustee in bankruptcy having pos.5e.ssion of such homestead or exemption to deliver to s the Nolder a sUflicient amaant of property or money set aps~rt as exempt to pay the indebtedness evidenced ~ i~ereby. or any re~ewal thereaf. and do hereby. jointly ~nd sc~erally, appoint the Holder the attorney in fact for ~ach of thea~. to claim a~.y and a11 homestead exemptions allowed by law. ~ A firat mortgage for the sec~rity of the aforesaid indcbtedi~ess is retainecl Uy OUTDOOR RESOftTS OF ; A~iN:RICA, iNC.. or~ Lot Nol~a~ in that certain Condominium known aa OUTDOOR RESORTS AT NET'TLES ` i:':I,A:1TD, and on any improvements~ fixtures or after acquireci property added thereon, as shown by plat re- ~ ~ r~~rded in the aflic.e oi the Circuit Court in and for St. ~ Lucie County, . Florida, in Plst Book 16, page 1:1A thrau~*h 1J. • ~ sooK2~4 ~ 881 ~ - - - - - - - a.- ~ ~ : : ~ . ~ ~ ~ _ ~ . - . ~