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Home My WebLink About2469 M O lt T G A CZE ~ 26~266 , ~ - . ~ . eN ~5~8'G~~ ~ y~~a 1'` t}~e mortga~ui•, in c nsideration of the principal sum specified in the prum' sory note hereafter described. re~- ~•c~i~•ed from OUTDOOR RESORTS OF A11~ERICA, INC., a corporation org~nized and existing under the Law?s of thc State oE Te~inessee, the ~Iortgagor, hereby on this_.1~/__day of v~! L L-- , 19_ 7-? murtga~;e~ to the 1lortgagee the real propert~~ in St. Lucie Count~~, Florida. described as: ~ Lot \o.~ ~n that certain condominium known as OUTDOOR, = RESORTS ADiERICA AT NE'I"TLES ISLAr~D, as showi? by plat recorded in the Ofhce o: the Circuit Court in and for St. Lucie County. . Floricia. in Plat Book 16. page 1:1A through 1J. ' THIS IS A PURCHASE I110NEY i110RTGAGE M p~ r~.t • As securit,r for the pa~•ment of the promissoiy note of which the following is a copy: _ - Instnllment Note and Disclosure Statement 4__~5?9 _ 4~ Sr - Luci e Co~n_r~_~ Florida ~/L' 19-.~ For Value Recei~ed, I. ~+e or either of us promise to pay to the order of OUTDOOR RESORTS OF ~1~1ERICA. INC.. P. 0. Box 1116. Jensen Beach. Flor ida, 33457, or any other place as the holder hereof may de~i~;nate in writin~, the sum of '~'en t1LuSand fi v~_twPnt~-nine 40~100 ( 10 ~ 529 .~ODollars, this sum beii~b the Total of Payments referred to in the Disclosure Statement below~ which includes a FINA\~CE CHARGE on the amount financed. payable in 60--~-------'~~ equal consecutive monthly installments of ~ 175._49-_ each. and the first installment to become payable on thp lst day of_ June ~ j 1~__ 73. and one such installment to become due and payable on the lst day of each succeeding month ~ i~~~til the ~rhole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ ~~efore the fina} installment date, the unearned poi-tion of the FIN~INCE CHARGE shall be rebated under ~ the Rule of 78's. In the e~~ent of default in the due and punctual pa3•ment of any installment on this Note for a period of ~ ~ t}jirty (30) days. or if any statement~ representation or warranty 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. WITHOUT ~ THE PRIOR «'RITTEN COI~'SENT OF THE HOLDER HEREOF, SHALL SELL, ENCU.I~iBER (EXCEPT ~ I~ OR A'~'Y 1~10RTGAGE ~VHICH 1S SECURITY FOft THiS NOTE) OR OTHER~VISE DISPOSE OF OR EI~T- C'L'17BER OR COr1DiIT ANY RREACH OF THE 11i0RTGAGE OR PERbiIT OR SUFFER ANY LIEN TO L~IST OrT TIiE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FIATAI`'CED THROUGH 'Tt~E CREDIT EVIDE\TCED BI' THIS NOTF, 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 Uecome immecliately due and payable at the option of the holder hereof without demand, presentment ~ or notice of any kind. Any failure of holder to e::ercise said option shall not constitute a waiver of the right ~ to exercise the same at any other time. ~ . .y l; Time is of the essence of this r'ote. In the e~-ent any installment is not paid when due or within ten ;~r. days thereafter, the holder may collect, a~id the undersigned agrees to pay a late charge on such installment in an amount eq~aal t~ 5 ~ of sach installment or $5, whichever is less, and in the event this Note is collected by E law ~r :i~rough an at~orney at law or under advice thereof, the undersigned agrees to pay all costs of collection, x; inc~u:iing reasonable ~itorne~•'s fees and court costs to the extent permitted by Florida law. The undei,ig~e~ and all endorsers or other parties to this note jointly and severally transfer. convey and ~:-si: n to the }~oider a su~cient amount of such homestead or exemption as may be allowed, including such ~ ho_ne>;tes;l or exemp~ie~ as may be set apart in bankruptcy, to pay this note in full~ with all costs of collection, an~ do hereb direct :.n trustee in bankruptcy havin possession of such homestead or exemption to delitier to ~ Y Y K ~ the ~;.lcier a siifiic?ent amount of property or money set apart as exempt to pay the indebtedness evidenced hereL or an renc«al thereof, and do hereb , jointl and se.•erail a oint the Holder the attorne in fact for Y. Y Y Y. PP Y each of them, to claim at:~~ and all homestead exemptiuns altowed b~• la~v. s~'~43 ~=1 A first mort~ab•e for the security of the aforesaid indebteclness is retained ~y OUTDOOR RESORTS OF - :1~IERICA, INC., on I,~t ~To.l~~T."C"n that certain Condominium known as OUTUOOR RESORTS AT NETTLES '=°t I~t.:1\'1). and on any improvements, fixtUres• or after acquired property added thereon, as shown by plat re- ~ ~~~~z-deci in the Oflic of the Circuit C;ourt in and o i cie iyy~~pFlorida~ in Plat Book 16, page 1:1A ~r~ . ~ <<h ~ .1. • ~ . . ~OOII ~1~ PAGf~~~UO ~ 3 _ _ . _ . _ ; ~ ~ ~ _ : - -