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Home My WebLink About0896 _ _ t v ~ ~r : ~ ~ ;1 ~ _ ~ M O~2 G A C E 254809 ~ , , ~"~--~r i~L___/h • y _ . ~t~u~•t~,~a~,?u:•. i~~ consideration of the priuc.ipal sum specified ii? the p?y?missory note hereafter de.5cribed~ re- ' ,•:~~~~~1 frum OUTr~00R RESORTS OF A~iEKICA. -ING.. a coi-~wration orbanizeci Mnd existing under the Laws ( ~ t he at~te uf Tennessee. the Mortgagor. hereby on this~~_day of M~ G N ~ Yg~y~~ ~ ..,~~~•:~;a~,•es to the ;liortgagee the real property in St. Lucie County. Florida, described as: t~6 ; Lot ~to. 'n that certain condominium known as OUTDOOR ~ dF # RESORTS O AMERICA AT I~ETTLES ISLA\D, as shown by plat Qy,~tM ~y ~ p:,cumentary S.amps i•ecoi~ed in the Otfice of the Circuit Court in and for St. Lucie County~ r! ~A~' ! ~t,~xea or~g~nat nad F'lorida, in Plat I;ook 16. page 1:1A thi~ou~;h 1J. ~r2~~,~; t~~ AA? "'d T~iIS IS r~ PUItCHASE 1tONE1' ll0it'rGAGE v~p~' G~~~g~~~~,p~~G~~4 .1: ~ecurity for the pzyment of the pibmissory note of which the follo~ving is a cop~~oN~o St• w- installment Note and DisclosureStateme~~t'A~ w~ ~ ,."r" , u04.40 St. Lucie _County, , Florida I~'~I~I.tL~il is?~ - F~~r ~'.11ue Receiveci, I, ~~e ar either of us pr~~mise to pay to the ordcr of OUTDOOR RESORTS OF ~ i:}:I:'A, iNG.~ P. O. Boa 1116, Jensen reach. Fior ici:i. 33457, or any other place as the holder hereof may ..~~:~i~ate in «•ritin~. the sam of~venty-six hundred~ four & 40/100------~7,604.40~ Doliars, ~itltl bt~i?~g the Total of Payments referred to in the nisclosure Statement l~elow, which includes a FINANCE :::1RGE on the amount financed. payable in- f U equal consecutive monthly installments of 126.74 ~ , each. and the first installment to become payii~~@ on the~l~_day of- ~v wtE . 'J~. at~d one such installment to become due and payable on the.~^day of each succeeding month .:;;;i the ~~hale of s~~id indebtednes.s (Total of Payments) is paid. In thc even~ of prepayment in full by cash :,~:~~re the final installment date. the unearned portion of the FI;~'ANCE CHARGE shatl be rebated under huie of ?8's. Ii~ tbe event of default in the due anci punctual payment of any installment on this Note for a period of ;:,:~~t~• (30) d1ys, or if any statement, represent:ition or warranty in any application for the credit evidenced t his Note is found to Ue untrue in any material respect, or in the event THE UNDERSIGNED~ WITHOUT ~ t: PRIOR ~~'RITTE:~ CONSENT OF THE ~IOLDER HEREOF. SHAI.L SELL. ENCU;4iBEB (EXCEPT ~~i: A\~ i1IORTGAGE ~'~'HICH 1S SECURITY FOR T~IIS NOT~) OR OTHERWISE DISPOSE OF OR EN- ~'~"~IBER OR CO~'i1~iIT ANY RREACH OF THE MORTGAGE OR PER:4tIT OR SUFFER ANY LIEN TO i•: \~aT ON THE REAL PROPERTY PURCHASED BY THE U~'DERSIGNED A1VD FINANCED THROUGH ;';;"r', CItEI)IT EVIDENCED BY THIS ~tOTE or in the event of the incompetency, insolvency (howsoever ~~~~~~~~~nced) or Uankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ' ,i,;e shait become immediately due and payable at the option of the holder hereof without demand, presentment ~ ~ ~~otice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right , exercise the same at any other time. 4 ~ Time is of the essence of this 1~'ote. In the event any installment is not paid when due or within ten f ~::_.~•s thereafter, the holder may cotlect~ and the undersiRned abrees to pay a late cfiarge on such installment in ~ an;ount equal to 5 J of such installment or $5, whichever is less, and in the event this \*ote is collected by ;.t«~ or throii~h an attorney at law~oi• under advice thereof. the undersi~;ned agrees to pay all costs of collection~ ~ ;~;~~~,~din~,r reasonable attorney's fees and court costs to the extent permittecl by Florida law. { The undersigned and ati endorsers or other parties to this note jointly and severally transfer, convey and ( .,~~i~n to the Hoider a sufficient amovnt of such homestead or exemption as may be allowed, including such i.~,rnester.d or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection, :~;~d do hereby direct any trustee in bankruptcy having po~.ges~ion of such homestead or exemption to deliver to e Holder a suflicient amount of property or money set apart as exempt to pay the indebtedness evidenced „~~~•~~b}•, or :u~y renewal thereof. and do herei~y. joinily and tieve~ :?lly. appoint the Holder the attorney in fact for ; h of them, to claim ar;? and all homestead exemption, ~?lio~+ecl i,y law. ! A t'irst mortgage for the s ' y of the aforesaid indci,tcdnetis is retaincd by OL'TDOOR RESORTS OF ~ 1?I~:RICr1, I~C.. on Lot N that certain Condominium ki~own aa OliTDOOR RESORTS AT \ETTLES :~~.A\'D. and on any improve »ts, fixtures or after acquired property added thereon, a.g shown by plat re- .•~~r~ed in the Office of the Circuit Court in and for St. Lucie County, Florida~ in Plat Book 16, page 1:1A 4 ~~,rou~;h ld. ~ ~~~K 214 ~ Pa~ 897 ~ ~ - - - _ _ - - - - - - ~ - - ~ _