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Home My WebLink About1210 ~~M O R'T 4-~A G E 26'~~82 . ~ ~ a l ~ L` ~ _ ~ o y-~~~,. c PS _ % ~ _ ~'.t' _~r~. ~P~ , - _ - ~lie murt~,?a~;or, ~n coiisideration of the principal sum specified in the promissory no±e hereafter described~ r~ r~~i~•ed f~~~m OUTnOOR RF.SORTS OF AAIERICA, ING, a corporation organizecl and existir.g under the Laws ~~t the State of Tenne~see. the Mortgagor. hereby on this__r~-0Z -_day of- 19-~~ m~~rtgages to the :1lortgagee th~ real pmperty in St. Lucie ('ountS, Florida, descril~d as: a ~ . Lot No.L~3~-~_in that certain condominium kno~~n ~s OLrCDOOP. RESORTS OF A1~iER1CA AT 1\ETTI.ES ISI.AND, as sho~vn b3• plat recorded in the Otlice of the Circuit Court in nnd for St. Lucie County. Florida, in Plat Book 16, page 1:1A thmugh 1J. THIS IS A PIiRCHASE :110:~E1 ~10RTGA(:E a. .ecurit~• for the pa~ ment of the promissoiy note of which the follo«•in~; is a copy : Installment Note and Disclosure Statement g7~4~40 ~n~v 7- s~ IN PAYMENT OF TAXES St. Lneie County , Florida DUE ON CtASS 'C' INIANGI~iE ~~~.;J:iAI PROPE1ttY~ WIiSUANT Ti0 GIAP*f4 71-134. 11CTS Oi 1llll. ~1 ju 19~3 ROIiEB PORRAS l~'/ ~ CLERX ClRqllT 000RT, ST. LIiCtE 0p, fU~ F~~r Value Recei~~ed, I, ti•e or either of us proinise to pay to the order of OUTDOOR RESORTS OF .-~~1ERI('A, INC., P. O. Box 1116, Jensen Beach, Florida, 33457, or any other place as the holder hereof may F~ur & 40/~.0$ ~lc~~i~:nate in H•riting, the sum of Eiqht ThOtiSalld Seqen Handred Seventv g~~~ ollars, this sum being the Total of Payments referred to in~the Disclosure Statement below, which includes a FINANCE c'IIARGE on the amount financed, payable ir~_. _60-_. equal consecutive monthly installments of ' ?_~.45.23 each, and the first. instaliment to become payable on the~ S~ day of l , ' l , and one such instaliment to become due and payable on the- day of each succeeding month ~ until the K~hole of said indebtedness (Total of Pa~~r?ents) is paid. In the event of prepayment in full by cash ~ heture the fina} installment date, the unearned portion of the FI~;ANCE CHAFGE shall be rebated under ~ the Rule of 78's. ~ In the e~ent of default in the due and punctual paSment of any installment on this Note for a period of ~ t}~irt~• (30) days, or if any statement, representation or warrant~~ in any application for the credit evidenced ~ h~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT THE PRIOR R'RI1"fEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS- NOTE) OR OTHERR'ISE DISPOSE OF Oft EN- CL'MBER OR COMMIT A~'1' RREACH OF THE DiORTGAGE OR PERMIT OR SUFFER ANY LIEN TO F..l"IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ THE CREDIT E~'IDENCED B1 THIS NOTE or in the e~~ent of the incompetency, insolvency (howsoever e~~idenced) or bankruptcy of anyone or more of the under.igned, then the entire remaining indebtedness then ~ due shall become immediately due and payable at the option of the holder hereof without demand, presentment ~ or notice of any kind. Any failure of holder to exercise 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 e~~ent an~• installment is not paid when due or within 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~: of such instaliment or $5, whiche~•er is less, and in the e~ent this Note is collected by - law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, - including reasonable attorney's fees a^d court costs to the extent permitted by Florida law. The undersigned and all endorsers or other partieti to thi, note jointly and severally transfer, convey and assign to the Holder a suflicient amount of such homestead or eremption as may be allowed, including such homestead or eremption as may be set apart in bankruptcy, to pa~• this note in full, with all costs of collection, and do hereby direct any trustee in bankruptcy ha~~ing posses~i~n of such homestead or exemption to deliver to the Holder a sufficient amount of property or money set apart as e~empt to pay the indebtedness ecidenced hereby, or ar.y renewal thereof, and do hereby, jointl~~ and se~•erally. appoint the Holder the attorney in fact for each of them, to claim any and all homestead e~emptions rllo~~~ed i~~• lav?. ~;f ~ A first mortgafie for the security of the aforesaid indebteclne~s is retained b~ OL'TI)OOR RESORTS OF :~a~ A1iERICA, INC., on Lot tio~~~_~'rn that certain Condominium known aa OUTDOOR RESORTS AT NETTLES - ISLAl~'D, and on auy improvements, fixtt~res or after acquired property added thereon, as shown by plat re- corded in the Office of the Circuit ('ourt in and ~o~ ucie ('ounty, Florida, in Plat Book 16, page 1:1A s~, y=~ through 1J. ~'!1~~ ~ p,1~E12o7 ~ ,_1 ~ . _ - :z