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Home My WebLink About0243 MORTG~+GE ' ,v\~, . Jv ~ h __,tQ. ~ ~ a ~~,'1~~ _ N,~ ~i~ ~r~_--------- ~ or, in consideration of the principal sum :peci~e~l ir. the ~?romiss~,r~- note hereafter ~e,cribecl r~.~- ritc,rt • ~_<<~ec~ frc~m OUTDOOR Y.E50RT5 OF Al~1ERIC 3, I\C., a corporation ur~,~nized and existinR under the La«•s ±he State of Ten~ie~~ee, the ~Iortgagor, hereby on thi~~~_-d~~y of J~ G .~J 2~_. -::~~rt~;uge, to the ~I~rtgagee the real property in St. Lt~cie Cuunty, Florida, c±escribed as: _ Lot \'o. ~1' ~_in that certain coiic3uminium kno~~•n as OL'TDOOft , RE30RTS OF A~tERIGA AT \ ETTLES ISLa~1D, as sho~cn by plat 6~+-~f~~ r~corcled 'sn the O:~ice of tinz C'ircuit C~~t~rt in ~~nd far St_ Lucie Gounty, Florida, in Plat Bcwk 16. pa~e 1:1 ~ thr~u~,•h • 1J. THIS IS 3 Pt'Rl'H.~SE ~lOtiE1 \IORTGaGE ,ecurit~• for the paS'ment of the promissoiy note of ~vhich the follu~cing is a copy: ~ instQllment Note and Disctosure Sta~ement Ri 2~~ S t. Luc ie County Florida ~ Aaure- - - --f 4 H ~ .~0 19 ~.3 atlixed :~:z Fur~~ta.~~ecei~~ecl. I. ~~e or either of us promise to pay to the order of OUTDOOR RESORTS OF =1'~tEltIC~. I:~'C.. Y. O. Bor 1116, Jensen Beach, Flor i~a, 3345i. or any other piace ~$~e~~otder heraoi may ~?;~<;tinate in ~vritin~. the sum o~1inP 1~ousand t~9_hu~~~c~eightv-one &(Q~281.28 ) Dollars, ~_::i~ ~um beinb the Total af Payments referred to in the Di~closure Statement below, ~vhich includes a FIYANCE i E i~ RGE an the amount financed, payable i~~'i. ~9~~ ~onsecutice monthly instaliments of + ~ 96. 68_------ each, and the first installment to become pa~•able on thP day vf~ ~ 1:~~~, and one such installment to become due and payable on the ~ sr day of each succeeding month ~.~i;~it the ~vhole of said indebtedness (Total of Pa~~rnents) is paid. In the event of prepayment in full by cash t;-~i~~r~ the final installment date, the unearned portion of the FItiAi`CE CHAF~GE shall be rebated under ~ ~ n:~ P cile of 78's. E Ii~ the e~~en~ of defautt in the due and gunctual pay-ment of any ir.stallment on this Note for a period of ' tt~~i~-ty (30) days. or if any statement. representation or ~arranty in any application for the credit evidenced ~ f~~- this i`'ote is found to be untrue in any material respect, or in the e~~ent THE UNDERSIGNED, ~VITHOUT ; TIIE PRIOR ~VRITTEN COtiSE~T OF THE HOLDER HEREOF, SHALL SELL, ENCUi~iBER (EXCEPT ~ r't~R Al~'Y DiORTGAGE WHICH 13 SECURITY FOR THIS \OTE) OR OTHER~yISE DISPOSE OF OR E\T- ~ ~'L'tiiBER OR CO~I?~tIT ANY RREACH OF THE ~IORTGAGE OR PERIIIT OR SUFFER ANY LIEI~' TO r ~:~:IST O\ THE REAL PROPERTI' PURCHASED BY THE L\DERSIG\ED A\'D FI\~1NCED THROUGH ~ TIIE CREDIT EVIDENCED BY THIS ~OTE or in the event of the incompetency, insolvency (howsoever ~ t~•idenced) or Uankruptcy of anyone or more of the undersi~~ned, then the entire remaining indebtedness then ~ shal~ lie:.crne imniedia~ely due ar.d payabie at tt-.e o~tioc, vf the hc'.d~r hereof :vithot;t 3emand~ g: e~ent.;.2nt ~ ~~r notice of any kind. Any failLre uf ho!der to exercise said op~ior. shall not constitute a waiver of the r;ght to exercise the same at any other time. ` ~Time is of the essence of this Note. In the e~ent any in~taliment is not paid ~vhen due or within ten _ days thereafter, the holder may collect, and the under~igned agree~ to pay a late charge on such installment in ~ an amount equal to 5% of such instaliment or $S, ~vhiche~•er is less, 2nd in the er•ent this Note is collected by ;a~v or through an attorney at taw or urtder advice thereof. the undersigned agrees to pay all costs of collection, ~ including reasonable attorney's fees and court costs to the e~tent permitted by Florida law. ~ The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and - assign to the Holder a sufficient amount of such homes*.ead or exemption as may be alto~ved, including such homestead or exemption as may be set apart in trankruptcy, to pa~ this note in full, with all costs of collection, and do hereby direct any trustee in bankruptcy having po~session of suc'n homestead or exemption to deliver to the Holder a sufficient amount of property or money set apart as etiempt to pay the indebtedness evidenced ~ hereby, or ans renewal thereof, and do hereby, jointly and severall~, appoint the Holder the attorney in fact for ~ each of them, to claim at and all homestead exemptions allo~~-ed b~• la~r•. ~ • A first mortgage for the security of the aforesaid indebtedness is retained by OiJTD00R RESORTS OF ; A~IERICA, INC., on Lot ~o~~1~in that certain Cordaminium known as OUTDOOR RESORTS AT NETTLES~ ' ISLAND, and on any improvements, fixtures or after z~quired property added thereon, as shown by plat re- - cnr:leci iii the Office of the Circuit Court in and for St. Lucie Count~. Florida, in Plat Book 16, paAe 1:1A _ throi~gh 1J. ~ I 8' S` {N PArNF.t(i OF T~ RECEtYED • 01~ ~1 CIA~.S'C INTMIGiSIE PER50NAl PRO''!'~~ P„~~ 10 ~,~5 r 0 R ~ ,~R ~?iM~~ ~ : E ~QK 220 P~E 243 a~( CIIICUIt ODURT. i . _ fj"