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Home My WebLink About1075 . - 261o1s ' ; s~~ . MORTGAGE ~i~t N ~ , ~ 0 ~ E I y ~ ~ S,r- _ ~u ',-~r~ ~ 3--~ . r i~r mart~:.~y;or, in considerntion of the princip,~l sum spec~fie~l in the promissory note hereaftei• described~ re- ~•~~i~•ed from OUTDOOR RF.SORTS OF ANiERICA. Ih'C.~ 1 corpor.ition oi'bAIIiZC(I unc~ existing under the Laws i the State of Tennessee. the MortgAbor. hereby on this_~U_day of Mw 19~. ~-`~S murtga~es to the 1~Iortgagee the reai property in St. Lucie County. Florida~ described as: / Y~,`~`~~ f7 . . !.`•~?.ti~~~~• ~f . ~ L`~ Lot No. ~n that certain conduminium knoHn as OUTDOOR 7j ~~o RESORTS OF AtiiERICA AT NF.'fTI.~:S ISI.A:~D~ as shown by plat ~ reco?Yied in the Oflice of thee ~ci~~ ~C,ou"~in :~nd for $t. Lucie County~•~~~~ I~ lorida. i~i Plat I3ook 1G~ P~; ~h 1.I. 1~, ~ THIS IS A PUBCHASE d10\E1' dIUK'1'(:AGE ~~.~~"~c~.~a~~~~`~~s~ ~.ecurit~ for the plyment of the pi~omissoiy note of hich the following is a copy .~~~51~~ 0 Installment Note and Disclosure Statement ~ 8 , ?~4 .40 St . Luc ie County, , ~orida ~ - ~Arf N - 19~ F~~r Value Received, I, ~+•e or either of us promise tu pay to the order of OL:TDOOR RE50RTS OF ~1I~;R1('A. INC.. P. O. Box 1116. Jensen Iieach~ Ftor icla. 3345?, or ai~y other ~~lace as the holder hereof inay ,;,~~;~.rnate in ~~riti~i~;, the sum of~ightv-seven hundredssevent~r-four _&40/1Q0 8,7?4.~Opoliars. c~~i. .um 1~ein~? the Tot~zl of Payments referred to in the Disclosure Statement betow~ which includes a FINANCE i A RGE on the amount financed, payable in _~0 equal consecutive monthly installments of I46 . 23 each. and the first instatiment to become payal~le on the~~ day of_~a ~ C~ , 1~~ 7~.. and one such installment to become clue and payaUle on the,~ST~ day of each succeeding month ~~:~;til the Hhole of said indebtedne,gs (Total of Payments) is paid. In the event of prepayment in ful) by cash ;~~~irn•e the final in4tallment date. the unearned portion of the FINA~'C~ CHARGE shall be rebated under ti~~~ Rule of 78's. ln the event of default in the due and punct~iai payment of any installment on this ti'ote for a period of ~i,i~~ty (30) days. or if any statement. representation or warranty in any application for the credit evidenced this 1~'ote is found to l~e untrue in any material respect, or in the event THE UNDERSIGI~'ED, WITHOIIT 'i' i I E PRIOR «'RITTEY CONSENT OF THE NOLDER HEREO~'. SNALL SF.LL, ENGUMBER (EXCEPT ~~~~Ft A~tY DIORTGAGE WHICH 1S SECURITY FOR T~iIS NOTE) OR OTHERWISE D~SPOSE OF OR EN- i't'\IBER OR COA'IMIT ANY RREACH OF T~IE :1iORTGAGE OR PERI'IIT OR SUFFER ANY LIEN TO I~;\IST ON THE REAL PROPERTI' PURCHASED BY THE U\DERSIGNED AND FINANCED THROUGH ' 'I'FIF, CREDIT EVIDEATCED BY THIS N4TE ar 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 ~i~~e shall become immediately due and payable at the option of the holder hereof without demand, presentment notice of any kind. Any failure of holder to exercise said o~tion shall not constitute a waiver of the right ' to exercise the same at any other time. Time is oi the essence of this `•ote. In the event any instaliment is not paid when due or within ten ci~:ti•s Lhereafter, the holder may collect~ and the undersigned abrees to pay a late charge on such installment in :tJ: ~moisnt equal to 5%. of such installment or $5, ~vhichever is less. and in the event this Note is collected by <<.~ti• or tnrough an attorney at law or under advice thereof. the undersi~;ned agrees to pay all costs of collection, i~~~~l~~~iin~ reason~~le attorney's fees and court costs to the extent permitted by Florida Iaw. ' The undersigned and a11 endorsers or other parties to this note jointly anu severally transfer. convey and :i;;i~,•u to L}~e Holder a aufficient amount of such homestead or exemption as may be allowed, includin~ such h~~me~tead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection. .,n~i do hereby direct any trustee in bankruptcy hlving posse,.ion of tiiich homesteld or exemption to deliver to the Holder a suflicient amount of property or money set apart a?~ eaempt to pay the indel,tedness evidenced i~~~reby. or any renewal thereof. and do hereUy, jointly and severailv, a{~point the ~~older the attorney in fact for ` each of them~ to claim a~ and all homestead exemptio~~s allo«•ed by law. . A first mortfiage for the s urity of the aforesaid iiuiel,te~lnc,s is rctained by OUTDOOR RESORTS OF ~11~:RIC'A. INC.. on Lot NoA~~n that certain Condominium known sa OUTDOOR RESORTS AT ~'E'ITLES i~l,A` D, und on any improvements, fixtures or after acquired property added thereon, as shown by plat re- I c<~~•ded in the OfTice of the Circuit Court in and for St. Lucie . County, Florida. in Plat Book 16, page 1:1A through lJ. . ~ _r~..,,.. ` ~