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Home My WebLink About1202 ';~--,~~k M O R T G A G E 26'74'76 j/ ' ~ . <~/o~~iuNf ~ 7"c+~-~S d~ ~NNa /~.7~ ~.~!-r~, ti~s u.~i rt , murtga~or. in consideration of the principal s;:m specified in the promissory note hereafter descnbed, r~ <<~i~~ed irom OUTDOOR RESORTS OF AMERICA, I~iC., a curporation organized and existing under the Laws , T tre State of Tennessee. the Mort~agor, hereby on thi y day of V i~1 , 131 n;~.rt~ages to the '_1+Iortgagee the real property in St. Lucie ounty, Florida, descri as: , - . ~ - Lot No ~ in that certain condominium known as OUTDOOR " " ~ RESORTS O AMERICA AT `ETTLES ISLAi~ID, as shown by p!at recorded in~the Ofl~ce of the Circuit Court in and for St. Lucie Countq. ` Florida. in Plat Book 1&, page 1:1~ through 1J. . THIS 1S A PURCHASE :NO1vEY 110RTGAGE :,ecurits for the payment of the ptomissory note of «hich the following is a copy: Instailinent Note and Disclosure Statement ; S,189 .~+O RE~ENED ~N PAYMENT OF TAl(ES S t. Luc ie County Florida DOE ON CtASS'C INTIINGIBIE ~RSO~~I P.'0?ER~1, PURStW~T TO CHAPTER 71•134. ACTS OF lyii. • J~/~( 19~1- ROGER POIiRAS For `'alue Receiced. I~ttrRlE QYl~~Nt1~RTn~•~~r~a i6rA to pay :e the order of OUTDOOR RESORTS OF :?',IERICA, INC.. P. O. Box ll~l~~hT~ns€~ous~a~lc~Fin~a,h~i~1,~~ a~~~l~~r~~ie~s the holder hereof may y 8,189.40 ,'.~~<i~nate in writing, the sum of ~-~~U~100 ( ) Dollars, ~-:i~ .um being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ' i'ii ~RCE on the amount financed. payable iTi ~----~~60~~--~- equal consecutive monthly instaliments of ~ ; i3fa..1~.9---'-"~ach, and the first installment to become gayable on the~_day of_~~..~.`-"A~~ ~ 1~~~~, and one such installment to become due and payable on the f sr day of each succeeding month /T L t t T f tw } ns. i .'~!il t}?e ~v~nlo nF c~i~1 ~n~7ol;~w.7.. r t" i # . _ ~aa~1CJj \1VLC1 Vi !$~"i3i2e1..;;~ :3 ~1S::C~. t:... ua yicji..,~If:caae ui aull v,r C~i~ ~ ':.~~icre the final installment date, the unearned portion of the FINAYCE CHARGE ahall be rebated under Rule of ?8's. ~ In the event of default in the due and punctual payment of any instaliment on this Note for a period of ~ ~;,irty (30) days, or if any statement, representation or warranty ~n any application for the credit evidenced i•~ this \Tote is found to be untrue in any material respect, or in the event THE UNDERSIGI~ED, WITHOUT ~ ~iE PRIOR WRITTEN CONSE~TT OF THE HOLDER HEREOF, SHALL SELL. ENCIJ~EB (EXCEPT ~ i~'QR A~tY ?~iORTGAGE ~i~HICH 1S SECURITY FOR THIS NOTE) OR OTHERjVISE DISPOSE OF OR EN- ~"~L'`IBER OR CO,tii1~IIT ANY RREACH OF TNE MORTGAGE OR PERIiIT OR SUFFER ANY LIEN TO ~:liST 0~3 THE REAL PROPERTY PURCHASED BY THE U\'Dc^.RSIG~ED ~1ND FINANCED THROUGii "i fiE CREDIT EVIDENCED BY THIS I~iOTE or in the event of the incompetency. insolvency (howsoever ~ t~~~'s~?Qnced) or bankruptcy o: anyone or more of the undersigned, the? the entire remaining indebtedness then ~ c:;:~ shall become immediately due and payable at the opt:on of the holder hereof «ithout demand, presentme~t ~ +;r notice of any kind. Any failure of holder to exercise said option shall not constitu~e a waiver of the right ~ to exercise the same at any other time. ~ Time is of the essence of this Note. In the even} any instailment is not paid when due or within ten ~Y ~?a~~s thereafter, the holder may collect, and the unders:gned agrees to pay a late charge on such installment in amount equal to 5~ o: such installment or $5, whichecer is Iess, and in the event this Note is collected by 1c_«• or through an attorney at law or under advice thereof, the unciersigned agrees to pay all costs of collection, incl~:ding 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 .:.~.~ign to the Holder a suf~'icient amount of such homestead or exemption as may be allowed, including such ~:+-rr.est~acl ur exemption as may be set apart in bankruptcy, to pa; this r.ote in ft~ll, with all cos~g of c~liection, ~;y ar.d do hereb~~ direct any trustee in Eank_-uptcs havinA pos.e~sion af such h~~nestea3 or exemption tn ~1Pl;ver tn ~he Hole~~~r a suflic~ent amount of property or money set apart as exempt to pay the indebtedness evidenced :,r~eu., ur d~~~ rrnr~~ai i,nereui, and do nereby~ jointly and se~•eralty. appoint the Hotder the attorney in fact for ~~:ch e: tnam Fo c.ai:n ar;? and a!1 homestead exemptions allo~ved Uy law. , A fir~~ mortgage for the securit3~ of the aforesaid indebtetlness is retained by OLJ'TDOOR BESORTS OF ~ti :'..~IEI'1C~., 1;`C., on Lot i`'o.~.~7.,~in that certain Cor.dominium known aa Oi;TD00R RESORTS AT NETTLES rr' ,-~„~;•'r. ~r.d r.>> any improvements, f1YtLIC@S ~r after acvuired prnperty added thereon. as sh~wn hy plat re- ri_;: ~ ~~~.rc:ed, i:e t~ie Ot~ice of. the Circuit Court in and for St. Lucie Count~, Florida, in ?lat Book 16~ page 1:1A t~ :t:rnugh l,J., ~ • ~ EOOK?~0 PAGE~1~~7 `r~ ~r K ' . ~ { , _ ! _ ' _ . . ~ . ~ . .