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Home My WebLink About1270 , a, ~vl O R T G A G E 26'7531 G ~ ~/~,°n d- ~ oGP~• D~c~r Pv .1~~ . tha mortgagor. in co idaration of the principal sum specified in the promi~sory note hereafter described, re- ~~ti~•eci fmm OUTDOOR RESOBTS OF AME~tICA. INC., a corpor,a~ ~on organized and existing under the Laws y S~! /~~a ~ T v L i/ oi the State of Tennessee~ the ~Mortgagor. hereb on thi y of , 19 r.~ortgag~es to the Mortgagee the real pJ~rty in St. Lucie Gounty. Florida, described as: • , Lot No ~ ~n that certain condominium known as OUTD008 - RESORTS O AMERI~A ~T `ETTLES ISLAND, as shown by plat . recorded in ~the Office of the Circuit Court in and for St. Lucie County. / Florida, in Plat Book 16, page 1:1A through 1J. / . THIS 1S A PURCH~iSE ~10tiEY ~IOKTGAGE ` ~ :~s security fc~r the payment`of the promissory note of which the following is a copy: ~ lnsta~ln~ent Note ond Disclosure Stotement G 8,189 .~FO RECENED i- 3~ IN PAYMEi~iT OF TAXES S t. Luc ie County ~orida D~c!;^~a'::~. ; ~ ~ C~'~' INTANGIBIE PE-.~JNAI PROPERiY. ~ a ~ atf~.{e~ o. , ~ PURS~IAKT TO C#IAP'~R 71-13e„ ACTS OF 19/1./l1~ -t~^ ~t/ T 19~L RQuER POITRAS ~'~n~Ya~ue Received, I~~~t~odttof~.us~c~[rovni~ o pay to e orde of OUTDOOR RESORTS OF ~tiIERICA. I~TC.~ P. O. Box llEi,ghTe~ns~~ B sc~~'lgn~a,h3~~7~,~~ a~~~1~e~~~~s the holder hereof may c?~:i~;nate in writing, the sum of &1+p~i n., n_ ( 8~ 189 .40) Dollars, ci:i~ sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE I! C~~i~RGE on the amount financed, payable in--------60------ equal consecutive monthly installments of ! • ~ ~ ~ ~~,3~ _la~-------each, and the first installment to become payable on the ~S~ day of -5 ~ ~ 19 and one such installment to become due and payable on the J~/ day of each succeeding month E u;:til the ~vhole of said inaeaEedness ~ETotal of Payments) is paid. In the event of prepayment in fuU by cash ~ ~,eiore the final installment date, the unearned portion of the FItiANCE CHARGE shall be rebated under ~ t n e Rule of 78's. ~ ~ In the event of default in the due and punctual payment of any installment on this Note for a period of thirty (30) days, 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 ITNDERSIGNED~ WITHOUT ~ THE PRIOR WRITTEN CONSENT OF THE HOLDEB HEREOF, SHALL SELL. ENCUhiBEA (ERCEPT ~ FOR ANY MORTGAGE WHICH 1S SECUBITY FOR THIS NOTE) OK OTHERWISE DISPOSE OF OR EY- c'U;~IBER OR C0:1?IMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO E~IST ON THE REAL PROPERTY PURC~IASED BY THE UNDERSIGNED AND FIAIANCED THROUGH TE{E CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency. insolvency (howsoever ~ e~-idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ clt~e shall become immediately due and payable at the option of the holder hereof without demand, preser.tmert ~ +~r notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right ~ to e:tercise the same at any other time. ~ ~ Time is of the essence of this Note. In the event any installment is not paid when due or within ten days thereafter, the holder may coliect, and the undersigned agrees to pay a late charge on such installment in an amount equal to 5% of such instaltment or $5, whichever is less, and in the event this Note is collected by 5="=.. la~v or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of ~ollection, rv4~ including 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 ~ assign to the Holder a sufficient amqunt of such homestead or exemption as may be allowed, including such homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of coUection, ~ ar,d do hereby direct any trustee in bankru tc havin p y g possession of such homestead or exemption to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced hereh- J; or any renewal thereof, and do hereby. jointly and se~erally, appoint the Holder the attorney in fact for ~ each of the:~. to claim ar;? and all homestead exemptions allowed by law. A first mortgage for the s yrity of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF ~ ~ :~~iERiC:1, I~TC., on Lot No.~ n that certain Condominium known se OUTDOOR RESOF:TS AT NETTLES ~ (~LA\'D, ar.d on any improvements, fixtures or after acq~~ired property added thereon, as shown by plat re- ~~~rded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. ~ Q , ~.s' f . . Boo~ 2~0 2s7 ~ PAGE ~ ~ _ . . ~ : ~ _ ~ . ~ r