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Home My WebLink About2033 M O R T G A G E ~~~~28 ~ t ~ R --aa~s-~,, ~as~or-~-~ . - ~ras~ort (hi~ wif.~~---- - - the niurt~,?~~~or. in consideration of the princi pal sum s pecified ~n the promi,sorS note hereafter ~it~crit,r•cl, re- r~~i~•ed fi~n~ OL'TDOOR RESORTS OF AMERICA, 1NC., a corporation organized and existi~~~ i~nder !i-~~- I.aKs ~~f the State af Tennessee, the Mortgagor, hereby on this 10th_da~~ of-_June___ ly_73_, nun•t~?.?~,res to the ~iortga~;ee the real property in St. Lucie Count~~, Florida, descriUed as: ~ ~ Lot No423~____in that certaii~ caidominium kno~rn as OUTllOOR , RESORTS OF AMERICA AT I~'ETTLES ISLA:\'D, as sho~rn b~ plat - recordeci in the Oflice of the Gircuit Court in and for St. Lucie County. ~ ~ Floi-ida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE ~10rEY ;110RTGAGE securit~~ for the pa}~nlent of the promissory note of ~vhich the follo~ving is a cop~-: Installment Note and Disclosure Statement :~,_4S9_ 40 St. Lucie County~_______, Florida June 10 . 19 73 - F~n- Value Recei~•ed. I, H•e or either of us prum ise to pay to the order of OUTDOOR RESORTS OF :1 ~I~:I:I('A. II~'C., P. O. Box 1116. Jensen Beach, Flor ida, 33457, or any other place a&tl~eo}yQl~e~ hereof may 4 ~1 cl~~~i~,•nate in ~~riting, the sum of Five thousalid fou_r_ hulldred fi~ty-T~ine ) Dollars, c};i, ~um being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE i t HAKt~r: on the amount financed, payable iri___-fi~____ equal consecutive monthly installments of ' ~ 9~99 each. and the first installment to become payaUle on the 1st-day of September ~ - ; 1~ 73_, and one such installment to become due and payable on the- lst day of each succeeding month ~ ~~,:til the ~~•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ ~~~~i~>re the fiiia} in,tallment date, the unearned portion of the FINANCE CHARGE shall be rebated under ~ the Rule of 78's. - ~ In the event of default in the due and punctual payment of any installment on this :~'ote for a period of ~ tt~irty~ (30) days, or if any statement, representation or warranty in any application for the credit evidenced t~~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGI`'ED. WITHOUT Tf1E PRIOR R'RITTEN GONSErT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~'OR ANY MORTGAGE WNICH 1S SECURITY FO~t THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ('t'~iBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO F.XIST Oh' THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ' THE GREDIT 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 :iue shall become immediately due and payable at the option of the holder hereof without demand, presentment ~ ~~r 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 Note. In the event an~• installment is not paid when due or w•ithin ten ~ days thereafter, the holder may collect, and the undersigneci aRrees to pay a late charge on such installment in i s an amount equal to 5~4 of such installment or ~5, whichever is less, and in the event this Note is coUected by y law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, # iricludin~ reasonable attorney's fees and court costs to the extent permittecl by Florida law. ~ The undersigned and all endorsers or other parties to this note jointly and severaily transfer, convey and Q ~ assign to the Holder a sufficient amount of such homestead or exemption as may t~e allowed, induding such ~j: homestead or exemption as may be set apart in bankruptcy-, to pay thi~ note in full, with all cost~ of collection, ~:4. and do hereby direct any trustee in bankruptcy having posse•~ion of such homestead or exemption to deliver to ~ the Holder a suflicient amount of property or money set apart a~ e~empt to pay the indebtedness evidenced hereby, or any renewal thereof, and do hereby, jointly and sc~•erall~•, appoint the Holder the attorney in fact for ~ each of them, to claim any and all homestead exemptions aUoH•ed In• la~s. : ~ ' ~ A first mortgage for the security of the aforesaid indebteclness is retained bS• OUTDOOR RESORTS OF ~ ;r ~~tERICA, 1NC., on Lot No473 I~r? that certain Condominium known sa OUTDOOR RESORTS AT NETTLES `y= iSLA1'D, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- c~~rded in the Oflice of the Circuit Court in and for St. Lucie ('ounty, F'lorida, in Plat Book l6, paRe 1:1A v t}~r~ •it 1.1 "~`~2 fi:v _ _ ~,3 ~ e`~.r~.~~ ~ ~ . _ _ : ~