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Home My WebLink About0924 - - - ~ _ _ _ ! ~ ~54830 ~ ~ ~ . ti~ ~G A~! I~b~.- ?~R To~/ AN _ M O R~T G A G E- _ . A N _ D IRENt U,)o, ~-V~ ~N ~~SW~rF ~ . the mortgagor, in consideration of the principal sum specified in the promissory note hereafter described, r~ cei~•ed from OUTD008 RESORTS OF AMERICA, INC.. a corporation organized and existing undear the Lav~~s c~f the State of Tennessee, the Mortgagor. hereby on this_~-day of 19~~,~ mortgxges to ~he Mortgagee the real property in St. Lucie County, Florida, described as: .~d~~' 6 S ~ ~ ~N.t!~~,~°y>>- Lot No.~ in that certain condominium known as OUTDOOR ~~,soSOE ~ = RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat ~~,Q ~ Flor da in Plat Book 16. page 1:1A hrough 1J. d for St. Lucie County. ~`~~~c~0 ~ c.:...._~ THIS IS A PURCHASE 1110NEY MORTGAGE ~~c,~o~`~`~"~"~~~~'y jj La security for the payment of the promissory note of which the following is a copy~~ ~~~-~j,,li~"~ n~~s ~~G~~ Installment Note and Disclosure Stateme " G?, 604 . 40 St . Luc ie County , , Florida F ~ ~ • 19~ For Value Received. I, we or either of us promise to pay to the order of OUTDOOR RESORTS OF a~iERICA. INC.. P. O. Box 1116. Jensen Beach. Flor ida. 33457. or any other place as the holder hereof may cie~ignate in writing, the sum o~venty-sia hundred, f our 8c 40/104- (l , 604 . 40 ~~~lars~ this sum being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE c'tiARGE on the amount financed. payable. in -60 equal consecutive monthly installments of 126 .?9 each, and the first installment to become payable on the lst day of `Dri 1 ~ 1~_73 , and one such installment to become due and payable on the-lst day of each succeeding month ~mtil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ i i~efare the finai installment date, the unearned portion of the FINANCE CHAftGE shall be rebated under ~ the Rule of ?8's. ~ t In the event of default in the due and punctual payment of any installment on this Note for a period of s thirty (30) days, or if any statement, representatioi? or warranty in any application for the credit evidenced this Note is found to be untrue in any material reapect, or in the event THE UNDERSIGNED, WITHOUT THE PRIOft WBITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL. ENCUMBEB (EXCEPT ~ FOR ANY MORTGAGE WHICH 1S SECURITY FOft THIS NOTE) OB OTHERWISE DISPOSE OF 08 EN- ('L'MBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT Oft SUFFEB ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGIi i THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency. insolvency (howsoever ~ e~•idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then due shall become immediately due and payable at 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 of the right to exercise the same at any other time. { Time is of the essence of this Note. In the event any installment is not paid when due or within ten days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in an amount equal to 5~ of such installment or $5, whichever is less, 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 costs of collection, including reasonable attorney's fees and court costs to the extent permitted by Florida law. The undersigned and all endorsers or other parties to this note jointly and severally transfer. convey and assign to the Holder a sufficient amount of such homestead or exemption as may be allowed, i~cluding such homestead or exemption as may be set apart in bankruptcy. to pay this note in full, with all costs of collection, and do' hereby direct any trustee in bankruptcy having possession of such homestead or exemption. to deliver to the Holder a suflicient amount of property or money set apart as exempt to pay the indebtediiess evidenced hereby. or any renewal thereof~ and do hereby, jointly and se~ erally, appoint the Holder the attorne~ in fact for ~ each of them, to claim a~ and all homestead exemptions allowed by la~. ; i A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOft RESORTS OF ! AMEKICA, INC., on Lot No.~~~in that certain Condominium known aa OUTDOOR RESORTS AT NETTLES ISLAND. and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~ corded in the Office of the Cireuit Court in and for St. Lucie County, Florida~ in Plat Book 16, paSe 1:1A ~ ~ through 1J. SeCM 2~~ P~ICE ~7(~,J ~ . _ - - _ ; ~ p ~ -