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Home My WebLink About1051 7,,,~ ~ . ; ~ . . - ~ 26~998 M 0 R'T~ A G~E ~ t h~~ mortgag~r.-~~ n~consideration of the principal sum specified in the promissory note hereafter described, re- ~~~~i~-~~d fr~?m OUTDOOR RESORTS OF ADiERICA, INC., a corporation organized and existing under the Law~ ~~i thc Stute of Tenr~essee. the Mortgagor, hereby ~on this- 3_Q~klay of December_,___ , 19;~_.,~,~~~ m~n•tgage~ to the :~iortgagee the real property in St. Lucie County, Ftorida, c~escrit~eci as: .iA b ~'~`~~~"oY'~, Lot No._34~II__ ._in that certain condominium kno~~~n as OUTDOOR 0/ 5 RESORTS nF AMERICA AT NETTI.ES 1SLAND, as shown by plat ~ ~ i/ recorcied in the Office of the Circuit Court in and for St.. Lucie County.~. ~~,.~F~ F lori da, in P la t Boo k 1 6~ page 1: 1 A t hiroug h 1 J. S t• T H I S I S A P U ft C H A S E 1 1 1 0 N E Y ~ i O R T G A(. E a.~ o c S~' ~ } •ecurit~• far the payment of the promissory note of which the following is a copy'.~`"~ ` ' ~ ~ ~ Instollment Note and D~sclosure Stetement~ ~Q ; ~1Q~29. 40 Sf_ Lucie County , Florida ' j1p E+ml~= 3 _ 19~_ F~~r Value Received, I, ~~e or either of us pr~,mise to pay to the order of OUTDOOR RESORTS OF ~ :1 ~tERi('A, INC., . P. O. Box 1116. Jensen Beach, Fior ida, 33457. or any other place as the holder hereof may ; ~ ~;~•~i~,•n:ite in ~~•ritinfi, the sum of~n thQUSat~d ~~ye t~1~~tv-ni1~ ~ 40~14U ~0, 529. 40) DoUars, ` t~~i~ ~um 1?ein~ the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ~~}i~RGE on the amount financed. payable irLbII equal consecutive monthly installments of i ?1~5.49._----- each. and the first installment to become payable on the~~-day of Mav . ; 73 and one such installment to become due and- payable on the-_lst day of each succeeding month ~ ~:~~til the ~rhole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~~t>iore the fina! installment date. the unearned portion of the Ft:~'ANCE CHARGE shall be rebated under - the Rule of ?8's. ~ In the e~ent of default in the due and punctual payment of any installment on this Note for a period of ; !hirt~• (30) da~s, or if any statement, representation or Karranty in any application for the credit evidenced ? t~~~ this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED, WITHOIJT = T}iE PRIOR NRITTEI~T CONSENT OF THE HOLDER HEREOF. SHALL SELL. ENCUMBER (EXCEPT : ~'nR AI~Y MORTGAGE WHICH IS SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF Oft EN- ~ ~ c'L'biBER OR COi~iMIT ANY BREAGH OF THE DiORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ ~ f~:\IST Oh' THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ! 'T'1~E CREDIT EVID~NCED 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 ~ ! ~3i~e shall become immediately due and payable aL the option of the holder hereof without demand. presentment ; ' ~~r notice of any kind. Any failure of holder to esercise said option shall not constitute a waiver of the right ~ ts, 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 ; days thereafter, the holder may collect, and the undersi~ned agrees to pay a late charge on such installment in an amount equal to 5~f of such instaliment or $5, whiche~~er is less, and in the event this Note is collected by t~~~c or throu~h an attorney at law or under advice thereof, the undersigned agrees to pay all costa of collection, ~ includinR reasonable attorney's fees and court costs to the extent permitted by Fiorida law. ~ The undersigned and all endorsers or other parties to this note jointl~• and se~erally transfer, convey and ~ a~~i~,•n to the Nolder a sufficient amount of such homestead or exemption as may be allowed, including such ; }ic~mestead or exemption as may be set apart in i~ankruptcy, to pay this note in full, ~vith all costs of collection, and do hereby direct any trustee in bankruptcy having po~ses~ion of such homestead or exemption to deliver to the Holcier a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced herebt, or any~ renewal thereof, and do hereby, jointly and se~~erallt•, ap~int the Holder the attorney in fact for ~ each of them, to ctaim a~ and alt homestead exemptions al1o~~•ed b~• lau•. ~ ; A first mortgage for the security of the aforesaid indebtednes; is retained by OUTDOOR RESORTS OF ~ ~~~iERICA, INC., on Lot ~10.393 I~ that certain Condominium known aa OUTDOOR RESORTS AT NETTLES ; ISt.r~?NI), and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~ rnrded in the Oflice of the Circuit Court in and for St. Lucie ('ounty, Florida, in Plat Book 16~ page 1:1A f ; through 1J. ' : ~1( ~r~i~ f~Ef - ` . ; ~ y . ~ , , - = _ ~ _ , ~