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Home My WebLink About1023 ~ - c . ~ ~ : ; , ? 2609'7~ S.= ~s~ M O R. T G A G"E ~ Mariori.~?,. Car1 son the murt~~?~or, in consideration of the principal sum specitied in the promissory note hereafter described, re- ~•~~i~•ed fiti~m OUTDOOR RESORTS OF AMERICA, INC., a corporation organized ~nd existing ander the Laws ~~f the State of Tennessee~ the Mortgagor. hereb~~ on this_~h__daS~ of November , 19~~ m~?rt~;.i~e. to the Dic?rtgagee the reai property in St. Lucie County, Florida. described as: ~ Q~~~.~~ ~1~ Lot No.148~I_ __in that certain condominium knoKn as OUTI)OOR ck RESORTS OF AMERICA AT NETTLES ISLAND, Rs shown by plat Q Q S recorded in the Oflice of the Circuit Court in and for St. Lucie Coun ~p~0~~~ Florida, in Plat Book 16. page 1:1A through 1J. ~'~p~ J~' ~ . 1 THIS IS A PURCHASE -~iONEY MORTt:A(.E Jn .ecurit~• foi• the payment of the promissory note of which the fallo~ving is a co~'•~,~~a~ . ~ ~S Installment Note and Disclosure Statemen~' ~ S__Z.~ 2~2 .16 _ S t. Luc ie Cotmty , Fiorida ~vember_ 13tt~, - is72~ Fnr Value Recei~•ed, I, ~~e or either of us promise to pay to t}te order of OUTDOOR RESC'RTS OF :\~TERI('~?, 11~`C.. P. O. Box 1116, Jensen Beach, Florida, 33457. or any other place~s~~~iolder hereof may V ~l~~:ignate in ~rritin~;, the sum of Seven_Thousand Two Hundred Ninety ~vo ~ 7_ 2q? _ Dollars, thi. .um Lein~? the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ~~IiARrE on the amount financed. payable in___=Qf2~ ^ equal consecutive monthly installments of ~ 75_.96____ e~~h, and the first installment to become payable on the 1St _day o~y ~ 1~ 7_~__, .~nd one such installment to become due and payable on the lst day of each succeeding month ~,ntil the Hhole af said indebtedness (Total of. Payments) is patd. In the event of prepayment in full by cash ~~~•fore the final installment date, the unearned portion of the FINANCE CHARGE shall be rebated under ti~e Kule of ?8's. In the e~•ent of default in the due and punctual payment of any instaltment on this Note for a period of thirt~ (30) da~s. or if any statement, representation or ~arranty in any application. for the credit evidenced ?~r this Note is found to be untrue in any materiai respect, or in the event THE UNDERSIGNED. WITHOUT ~rfiF PRIOR t~~RITTEN GONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~'nR AtiY MORTGAGE WHICH 1S SECUftITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- +'L'MBER OR COriMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFEK ANY LIEN TO F.IIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS NOTE or in the erent of the incompetency, insalvency (howsoever E:~•idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~lue shall become immediately due and payable at the option of the holder hereof without demand, presentment nr notice of any kind. Any failure of holder to e~ercise said option shali 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 e~~ent any installment is not paid when due or within ten c3ays thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such instaliment in an amount equal to 5~l of such installment or $5, whiche~•er is less, and in the event this Note is collected by law• or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, includin~ reasonable attorney's fees and court costs to the extent pertnitted by Florida law. The undersigned and all endorsers or other parties to this note jointly and severalty transfer, convey and atisi~,?n to the _ Holder a sufficient amount of such homestead or exemption as may be aiiowed, including such homestead or exemption as may be set apart in bankruptc~•, to pay this note in fu11, cvith all costs of collection, and do heret,y direct any trustee in bankruptcy having po~.~e~sion of si~ch homestead or exemption to deliver to the Holder a sufficient amount of property ~or money set apart as exempt to pay the indebtedness evidenced herebs•, or any renewal thereof. and do herehy, jointly and set•erall~•, appoint the Holder the attorney in fact for each of them, to clairri ai:~~ and all homestead exemptions allo~ced b~• laH~. ~ A first mortgage for the security of the aforesaid indebtednesti is retainecl by OUTDOOR RESORTS OF AIiERICA, 1NC., on Lot No._14$.,[lin that certain Gondominium known aa OUTDOOR RESORTS AT NETTLES ISI.A1~'I), and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~•urded in the Office of the Circuit Court in and for St. Lucie ('ounty, Florida, in Plst Book 16, page 1:1A throu~h 1J. ~eac~7 - . ~ ~ ~ ~ ~ ~~ti v. _ ._a ~ . - - ~ ~ ~ ~