The URL can be used to link to this page

Home My WebLink About1234 ~-1 26`~500 O R T G A G E - -r- G'~, y J V~/.? CNs v~/; ~ ~ M u l~ ,,~s - - y ' -~J t}~r. mort~;n~;or~ in consideration of the principal sum specified in t~ie promissory note herea fter descri b e d~ re- ~c~ired fi-on? OUTDOOR RESORTS UF ANiERICA, INC., a corporation organized and existing under the La~vs f the State of Tennessee, the Mortgagor, hereby on this~ _~.day of A~j" l . 19~, mu?•tgages to the 1~Iortbagee the real property in St. Lucie Count~~, Florida, described as: Lot No. f~-~in that certaiii condominium kno~vn as OIJTDOOR ' RESORTS OF AMERICA AT NETTLES ISLAND, as sho~vn by plat recordeci in the Office of the Circuit Court in and for St. Lucie County, ~ ~ . Florida, in Plat Book 16, page 1:1A through 1J. • T~iIS 1S A PURCHASE hIONEY MORTGAGE as security for the payment of the pibmissory note of which the follo~ving is a copy: Instaliment Note and Disclosure Statemen~ ~ 7, 604 .40 _ S t. Luc ie Countv , Florida /~~P h l ~2 19Z - For Value Received, I. we or either of us promise to pay to the order of OUTDOOR RESORTS OF :~~IF,RICA, IrTC., P. O. Box 11~. Jensen Beach, Florida, 33457. or any other place as the holder hereof may ..:t~~i~nate in ~~riting. the sum of Sevent~-Six hundred~ four & 40/100----~ 7,604.40~ ~~~a~~ t}~is sum being the Total of Payments referred to in the Disclosure Statement below, ~vhich includes a FINANCE C'FIARGE on the amount financed, payable in 60 equal consecutive monthly installments of Z26.74 each, and the first installment to become payable on thP ~~"r day of- a , - ~ . 2~..., and one such installment to become due and payable on the day of each succeeding month i~~~til the whole of said indeUtedness (Total of Payments) is paid. In the erent of prepayment in full by cash t~efore the final installment date. the unearned portion of the FINANCE CHARGE sha11 be rebated under t~~e Rule of 78's. In the evetit of default in the due and punctual payment of any instaliment on this Note for a perial of . ~ ~t~ii•ty (30) days, or if any statement, representation or warranty in any apnlication for the cretlit evidenced ' t,~• this Note is found to be untrue in any material respect, or in the e~~ent THE UhDERSIGNED, ~VITHOUT • ~ 'I'IIE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SNALL SELL, ENCU~iBER (EXCEPT r I'OR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHER~'VISE DISPOSE OF OR Er- ; r'ti ~7BER OR CO&I1~1IT ANY BREACH OF THE MORTGAGE OR PEBMIT OR SUFFER ANY LIEN TO ~ E~IST ON THE REAL ~PROPERTY PURCHASED BY THF. UNDERSIGNED AND FINANCED THROUGH ~ "I'I~E CREDIT EVIDENCED BY THIS I~OTE or in the event of the incompetency, insolvency (howsoe~er ~ e~•idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ ~lue shall become immedia~el3 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~vaiver of the right s tu exercise the same at any other time. ~ = Time is of the essence of this Note. In the e~~ent any installment is not paid when due or ~vithin ten ~ c3ays there:efter, the holder may~ collect, and the undersigned agrees to pay a late charge on_ such instaliment in ~ a~. amo~ant ~~qu~? to 5% of such installment or $5, whichever is less, and in the event this Note is collected by ~ ;<<:~: or through aT: attorney at la~v or under advice thereof, the undersi~ned agrees to pay al~ costs of collection. ' ~~:ciudin~ :easonable attorney's fees and court costs to the extent permitted by Florida law. The urder;ig~~ed and all endorsers or other parties to this note jointiy and se~erally transfer. convey and - :,,i~r. !o the He~d~r a sufficient amam~t of such homestead or exemption as may be allowed, including such f:~ meste:ad or exer.:ption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection, ` ..~ici do herei~p direct any trustee in bankruptcy having posses~ion of such homestead or exemption to delirer to ~ the ~i~lrier r. suflicient amo~mt of property or money set apart as exempt to pay the indebtedness evidenced :9 hercl,y, or any renewal thereof. and do hereby, joint}y and sererally, appoint the Holder the attorney in fact for ? f~ach of them, to claim ar,~ and all homestead exemptibns allox•ed b~• lau•. - ~ A first mort~;age for the security of the afflresaiA indebtedness is retained b~~ OUTDOOR RESORTS UF * :1~tERICA, INC., on I~t :`'o.1~~n that certain Condominium known as OUTll00R RESORTS AT N~TTLES 3~I.A1'1), and on any impro~~ements, fixtures or aftet acquired propertS added thereon~ as shown by plat re- c~~rded in the Ottice of the Circuit Court in and for St. Lucie County. Fiorida, in Plat Book 16, page 1:1A t hrou~.~h 1J. REL'EIVEa ~ /S IN PAY~IfNT Of il~ _ Dilf' ON GJIS~ 'C IMTMIfiIYIF PFRSONAL PROPEKir, ~ PURSUAqf ~0 CHAP~T.EEq'PO RAI1CfS OF 1971. ~,~Y BOO~~~O ~~K ClRCUIT COURT, S!. UJCIE CO.. F!A