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Home My WebLink About0645 ~ ~rl O R T G A G~ %~%53~4 ~ : . , ~ . . _ ~v-- - - :tU~Yt!~'l},*Ol', ttl Ct . ration Of tti?@ ~f1 .il : m_ p~i in the promi;,urS• no±e h~reafter descr!b~i, t'E- ..•.~•~l tr~~m Ot-TD~ RESORTS OF r1~1ERIC `C.. curppration urganized and e'sting u?~der the l.aw•, 7ry1 ~y ~~i tl:e :~tate of Ter.nes~ee, the `IortRagor, hereby on thi~~___da~- ~?f ~~-fgi. ~:•t~a~c~~ tc? the ~Iortgagee the real property in St. Lucie County. Florida. de~ ibed as: ~ Lot No~~ ~n that certain condominitim knu~vn as OUTDOOR ,,,:;~,.,t,:y 5,.:,.ps RESORTS O ~~IERICA AT \ ETTI.ES ISLAti D, as shown by plat atf~xea ur~b~. ai nota recor~ed in the O.~'ice of the Circ~tit C~~art in a:~d -for St. Lucie County, and cancelled ~'~loi•ida, iti Pl;;t Book 16. page 1:1 a t^roti~h 1J. , THIS IS A Pt'RCH:ISE ~10\EY ~fORTGAGE ~erurit~- for the pa~~ment of the pmmissory note of ~?hich the follo~ving is a copy: instailment No~e and Disclosure S~a~ement _ S 2189 .40 ~ St . Luc ie County ,^lorida ~ ~ ` 19~1~ Fue• ~'alue Recei~ ed, I, ~se or either of us prom i~e to pas to the order of OUTDOOR RESORTS OF .'•_'~?ERICA. I~C., P. O. Box 11;6, ns Beach ler i a 3 o a c as the holder hereof may ~,lg~i~t ~`~ousat~~ on~ 'h~~~eb ~'~g'~t~~~~te .'.~~<:~nate :n writing, the sum of &~~U~lOn (8:1'~9.40) Dollars, -~:i.; ;;um bein~; the Total of Payments referred to in the Di=closure Statement below. which includes a FI~A;~CE ~{:~RGE on the amount financed, payable iri --~----b~~-~ equal consecutive monthly installments of `~~,,.ti..~1~~-------each, and the first installment to become payable on the~~ day of Z~~' . ~ i ~~-3 and one such installment to become due and payable on the --S ~ day of each succeeding month i :::-il the ~chole of said indebtedness (Total of Pay-rnents) is paid. In the event of prepavment in full by cash ~ •~~~~re the fina! installment date. the unearned portion of the FI~~\CE CH~RGE shall be rebated under ~ • Rule of 78's_ ~ ~ In the eti•ent of default in the due and punctual pa~-ment of any installment on this Ir`ote for a period of ~ ~:;irt5• (30) days, or if any statement, representation or uarranty in any application for the credit evidenced ~ this I`Tote is found to be untrue in any material respect, or in the e~•ent THE UNDERSIG~TED~ ~VITHOL'T ~ 'i~i~E PRIOR ~VRITTE~i CO`SE\'T OF THE HOLDER HEREOF, SHr1LL SELL. ENCIT~IBER tEXCEPT - ~ i~'~ ~P. r1Nl' DIORTGAGE ~VHICH 1S SECURITY FOR THI~ tiOTE) OR OTHER~VISE DISPOSE OF OR Eti- ~ i'I'`IBER OR CO:~II~1IT Ai\Y RREACH OF THE `IORTGAGE OR PERtiIIT OR SUFFER AIr'Y LIEti TU ~ ~ t:I~T O~ THE REAL PROPERTF PURCHASED BY THE U:~'DERSIG\ED AND FI~'ANCED THROUGH ~ ~i~i{F. CREDIT EVIDEI`'CED BY THIS I~'OTE or in the event of the incompetency, insolvency (howsoever ~ ~ ~~:::ienced) or bankr~sptcy of anS~one or more of ihe under~igned, then the entire remaining indebtedness then ~ shall become immediately due and payable aL the option of the holder hereof ~sithout demand, presentmer.t ~ notice of any kind. Any failure of holder to exercise ~aid optibn ~hall not cor,stitute a ti~aiver of the right ~ to exercise the same at any other time. ~ Time is of the essence of this I\'ote. In the event any instaltment is not paid when due or within ten ~ r?<«~s thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such instaliment in .~n amount equal to 5;~ of such installment or Sa. ~jhiche~-er is le~s, and in the event this Note is col:ected by - i::~.ti• or through an attorney at law or under advice thereof, the under~igned agrees to pay all costs of coliection, including reasonable attorney's fees and court costs to the extent permitted by Florida law. -'•p ' The undersigned and all endorsers or other parties to this note jointly and severally transfer, com-e~ and ::.si~n to the Holder a suflScient amount of such homestead or exemption as may be allowed, including such - h~~mestead or exemption as may be set apart in bankruptc~•, to pay this note in full~ ~vith all costs of collection, aiid do hereby direct any trustee in bankruptcy. having po<~e~sion of such homestead or exemption to cieii~ er to ±he Holder a suP.icient amount of property or money ;et apart as eKempt to pay the indebtedness e~ idenced a';;, herebS•, or anS renewal thereof. and do hereby, jointly and ;ecerall~, appoint the Holder the attorney in fact for exch of them, to claim ai:;~ and all homestead exemptions allo«-ed by lz~r~. ~ = A first mortgage far the secu ' y of the aforesaid indebteclne:~ is retained by OUTI)OOR RESORTS OF\ . - z ~ 0 t ~ :._.,EI.ICA, INC., on i,ot No/~-~n that certain Condor:::r.it:m known as OUTDOOR RESOP.TS AT ::ETTLES - l~I.:~~'U, ar.d o^ an~ improvements, fixtures or after ac~_~~ired pr~p2rt~ added thereon, as shown bs plat re- c~~>rded in the Or'Fice of the Circuit Court in and for St. Lucie Cotjnt_r•, Florida, in Plat Book 16, page 1:1A t n rou c~h 1.1. v : , . 224 ~ 6~ ~ -jp - >s• ~ F~LE _ ~ - ~ { ~