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Home My WebLink About0936 , ~ ~ ~ ~ ~ ~ 254839 ~ . ? - . ~ 1~~~ ~ MORTGA ~ s . ~ - G~~!~' - - - - /_5~-~-- - - - _ T ; i~,~ murt~.•a~:u .~n cu~isidei•ltion of the princip.~l sum specitieci iu the p~Y,missory note hereafter descrit~ed~ r~*- ~~,~~r~~ii f~ti~ui OUTDOOR RESORTS O~' Al'ILRICA, 1NC., ~ cor o•• ion orbAnized •~nd existing ut~ler ti~.e I.~ws na St~te of Tennessee. the 1~ortgabor~ hereby on this~.`r"day of 19_~~ ;~;,~~•t~,~ages to the :Koi•tgagee the real property in St. Lucie County~ Fiorida, described as: ~ I.ot \•o. ~!~3 in that cei•tai~r condominium known as OUTDOOR Q`~ p~ume~tarY S~y6~ps RESORTS OF ADtER1CA~ AT 1~ETTI.~S ISLAi~D, as shown by plat }i ~~Q~Y~N~'~ yl~- o„g;oa+ i•ecoi•ded in the Ofhce of the Circuit Cotn•t in and for St. Lucie County~ ~j ~,Q~~S ~ ~ ~„~,e~ted Florida, in Plat Book 1G. page 1:1A thirou~;h 1J. . ~~~~e ~ ~ T~IIS IS A P1IRCHASE ~IONEY ~lOBTGACE~~~~~~E~ ~~~4~~ ~g ~~5~~'~E~ ~~~•iu•it~ for the pa~•mcnt of the promissory notc of ~vhich thc followin~; is a cc~p~R~~,t.N~~° ~t~R~~ ~ Q~ 1nstaflment Note and Disclosure Statement~ ~7 , G04.40 St . Lucie County, ; Fiorida - - _ ~ /~i~' ~ 19 ~ ~ F.n- ~'alue Receiveci. I. ~+•e or either of us pr~,mise to pay -to the order of OUTDOOR RF:SORTS OF ~~'~;:•:i;t('A, I\C.. P. O. Box 111G~ Jensen Beach. Flor icia, 33457, or any other ptace as the holder hereof may ~iat~~ i» »ritin~.Y, the sum of~vent ?~-s ix hundred, f our & 40/100------ ~7 , 604 . 40~ Dollars, ~?~n; Uei~i~.• the Total of Payments referred to in the ni.dosure Statement below. which inciudes a FINAh'CE ,;:~I:t:F, on the amount financed, payable in___~0 equal consecutivg monthly ins 1lments of _ I26.74 Qach, and the first installment to tecome payai~le on th~~~ day of- ~ ~3 and one such instzllmen~ to become due and payable on the-.._~day of each succeeding mont}i t i~e hole of s.1id indehtedness (Total of Payments) is paid. In thc event of prepayment in full by cash thr tinai installment date. the unearned portion of the F'I\'A:~'CE CHARGE shali be rebated under ,,,r iiule ~~t' 78~c. In the erent of default in the due and punctual payment of any installment on this Note for a period of ! (30) da~s. oi• if any statement. representation or warranty in any application for the cretlit evidenced ~ i~i, Note is found to be untrue in any m:~terial respect, or in the event THE UNDERSIGNED. WITHOIIT . PRIOR «'RITTE\ CONSENT OF THE HOLDER HEREOF~ SHAI.L SELL. EYCUMBER (EXCEPT f A\T DiORTGAGE WHICH 1S SFCURITY FOR THIS ti'OTE) OR CITHERWISE DISPOSE OF OR EN- ~:"~tRER OR COM~iIT ANY RREACH OF THE 1~iORTGAGE OR PERMIT OR SUFFER A;~iY LIEti' TO .~:.1"i~T Oti THE REAL PROPERTY PURCHASED BY THE UIv'DERSIG\TED AND F;NANCED THROUGH r: CI:EDIT EVIDEti'CED BY THIS tiOTE or in the event of the incompeteney, insolvency (howsoever i :~,~:,iericed? or Uankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then .nall become immediately due and payable at the optiun 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 ~ esercise the same at any other Lime, ' ~ Time is of the essence of this Note. In the event any instal)ment is not paid when due or within ten ' thereafter, the holder may coliect, and the undersigned abrees to pay a late charge on such instaliment in arr,ount equal to 57 of such installment or $5, whichever is less. and in the event this Note is collected by or throu~;h an attorney at law or under advice thereof, the undersi~ned agrees to pay all costs of collection~ i~,: ~tu;in~; reasonable attorney's fees and court costs to the extent permitted Uy Florida law. The undersigned and all endorsers or other partie, to this note jointly and severally transfer, convey and ' ..~~.~n to Lhe Holder a suflieient amount of such homestead or exemption as may be allowed, including such ,~~:.;t~.tead or eaemption as may be set apart in bankruptcy, to pay this note in full, with all costs~ of collection, <<..,: c~c~ herei~y direct any trustee in bankruptcy havin~ po~ses~ion uf such homestead or exemption to deliver to Fiolder a ~ufticient amount of property or money set a~~art a~ exempt to pay the indebtedness evidenced ,,~~r~~i?}•, or any renewal thereof, and do hereby, jointiy and sc~cr:?ily, appoint the Hoider the attorney in fact for ; t~.,,•;, of them, to ci~im ar,? and all homestead exemptions allo~ved by law. ~ ~ - ~ A first mortgage for the s u'ty of the aforesaid indeLtcdness is retaincd by OUTI)OOR RESORTS OF ~ ~ :+1.i;RICA, 1~TC., on Lot No~,~that certain Condom:nium known aa OUTDOOR RESORTS AT NETTLES ;ti;.~\D, and. on any improvements, fixtures or after acquired property added thereon. as shown by plat re- ~~~~•.led in the Office of the Cireuit Court in and for St. Lucie County, Florida, in Plat Book 16, page I:lA ; .,,~ot~~;n lJ. 0 R ~ (~e~~ g BQO~2~.4 ~s ~ ~ _ - . - - - - _ - - - _ ~If = ~ ~ ~ ~ ~.y~~= .,~ry~~~ p"~ ~