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Home My WebLink About0299 . ~ ! ~ ~ ~ ~ ~ 26v8Z5 ~i ,~t` n" • M V tl 1 V r~ ` ' ~ k~.S ~d` ~t-~-= ~ ng_ ~ 1~d S . the «r•rtfia~or. ~n consideration of the principal sum specified in the promi,sory note h~rexfter described. re- ~•:~i~~~•~i fe•om OUTDOOR RESORTS OF A\IERICA, INC., a corporation orgnnized and e~istin~ under the Laws uf the State of Tennessee. the llortgagor, hereby on thi~ ~'a~- oC-_ Q'`'`~" ~ ~ , 19 73 . murt~~.~~;es to the ~Iortdagee the real property in St. Lucie County, Florida, describ aed s: ~ Lot i~a.~~~~~ in that certain co?idominium known a~ O~TTT.?flOR i:ESORTS Or A~iERICA AT \ET"fLES ISL:~\{D, as shown by plat recorded in the Otfice of the Circuit Court in and foi• St. Lucie County. ~ -F'lorida, in Plat Book 16, page 1:1A through 1J. THiS IS A PURCHASE IIONEY ~IORTGAGE ~s securit}• for the payment of th2 promissory note of ~~-hich the follo~~ing is a copy: . Instaliment No~e and Distlosure Statement `9 , 281. 28 • S t. Luc ie County , Florida r,-' . : . ' . r1 T 19L3 •cuta C u L.. ~ For ~'aiue -~t~c~ei~eH; I, «•e or either of us prom ise to pay to the order of OUTDOOR RESORTS OF ~~IERIC~. II~`C., P. O. Box 1116, Jensen Beach, Flor ida, 33457~ or any other place as the holder hereof may Nine thousand two hundred eighty-one 9~2g1.28 , c:e~ifinate in writing, the sum of z~_ ( ) Do.lars, this sum being the Total of Payments referred to in the Dis~losure Statement below. which includes a FI\r1~TCE , CHARGE on the am.ount financed, payable in ------'-96----- equal consecutive monthly instaliments of ~ g 96 _ 68------~ each, and the first installment to become payabie on the~~_day of ~ G T , ~I 19_~, and one such installment to become due and payable on the • day of each succeeding month ! uiifil the whole of said indebtedness (Total of Payments) is paid. In the event of ~.r~Yayment in fult by cash ~ t~efore tfie fina! installment date, the unearned portion of the FII~AI~'CE CHA~tGE shall be rebated under t h e Rale of 78's. In the event of default in the due and punctual pa3-ment of any installment on this Note for a period of thirty (30) davs, or if any statement, representation or warranty in any application for the credit evidenced by this Note is found to be untrue in any material respect. or in the event THE UNDERSIG~TED, WITHOL^T TfiE PRIOR ~'VRITTEti CONSENT OF THE HOLDER HEREOF. SHALL SELL, EtiCUMBER (EXCEPT FOR Ai~Y DiOftTGAGE ~VHICH 1S SECURITY FOR THIS NOTE) OR OTHERVYISE DISPOSE OF OR EN- CUI~iRER OR COI~t:~iIT A:~tY RREACH OF~ THE ~iORTGAGE OR PER~'IIT OR SUFFEft ANY LIEiV' TO E:CIST O~' THE REAL PROPERTY PURCHASED BY THE UNDERSIG\ED AND FINA~'CED THROUGH ~ T~IE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (ho;vsoever evidenced) or bankruptcy of anyone or more of the under~ioned, then the entire remair.ing indebtedn~s then clue shall Lecome immediately due and payable at the option of the holder hereof without demand, presentment or notice of any kind. Any failure of holder to esercise said option shall not constitute a waiver of the right to exercise the same at any other time. Time is of the essence of this I`'ote. In the event any installment is not paid when due or v~ithin ten days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in an amount equal to 5 i~ of such installment or $5, whichecer is less, and in the e~ent this i~'ote is collected by law or through an attorney at law or under advice thereof. the undersigned agrees to pay all costs of collection. inctudi~R reasonable attorney's fees and court costs to the extent permitted by Florida law. The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and assi~r. to the Holder a suflicient amount of such homestead or exemption as may be allowed, ine!udir.g such homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all cos'ts of collection, . and do hereby direct any trustee in bankruptcy having pos~ession of such homestead or exemption ~ to deliver to the Holder a suf~icient amount of property or money set apart as exempt to pay the indebtedness evidenced herebl~, or any rene~val thereof, and do hereby, jointly and se~ erally, appoint the Holder the attorney in fact for each of them, to claim si:~~ and ali homestead exemptions allo~ced by law. Ei first murtbage for the security of the afore~aid indebtedt~ess is retained by OI3TDOOR RESORTS OF r :~:11F.R~.CA, INC-., on Lot No.~~n that certain Cnndominium kno«n as OUTDOOR RESORTS AT tiETTLES ~ I;+LA\ll, and on an5~ impro~~ements, fixtures or after acqu6red property added thereon, as shown by plat re- s~ cor:led in ihe Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Eook 16. page 1:1A thr~;u~.•h :J. ~ ' . . J R n ~ . . r gOQM ~~U pAGE 2~ f-> r v~.~ r: ~