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Home My WebLink About0669 - 2 : S 3~;~ ~ ~~L~ T r~,s~ MORTGAGE ~ ~ ,v z~ ~r .~.=~Ff~ ~S r . iti~ mort~?;~uor, in consideration of the principal sum specified in the pmmissory note hereafter described. r~ ~~~i~•«! fr~~m Oi,'TDOOR RESORTS OF A:1~IERICr1. INC., a corporation organized an~+ existing under the I.aws s ~~f .he St~te of Tennessee. the ~iortgagor. hereby on this~__day of_~<, Tl~ ~ C/~' 19 n:urc~,,~~•e~ to the ~Iortgagee the real property in St. Lucie County, Florida. describecl as: ' ~ , Lot \'a in that certain condominium kr.own a~ OliTDOOR ~ RESORTS OF A~tERICA AT \ETTLES ISLAND. as shown by plat recoi-ded in the Office of the Circuit Court . in and for St. Lucie County. a~•~ ~~"~r~~~ Florida, in Plat Book 16, page 1:1A through 1.I. ' ' THIS IS• A PURCHaSE ~IO~IEY AiORTGAGE ;ecurit}- for the payment of the promissory note of ~vhich the following is a copy : Ins~a!lment Note and Disclosure Statement ;1 S, 208 . 80 _ _ S t. Luc ie Covnty~_, ~orida ~ C~ G T lg 7~ Fur ~'alue Recei~ ed, I, ~re or either of us pmm ise to pay to the order of OUTDOOR RESORTS OF :1`IERIC~, I~+'C., P. O. Box 1116. ~Jensen Beach. Flor ida, 33457, or any other lace as the halder hereof may Fifteen thousand two hmndred ei ~it c~e:i~,•nate in ~vriting, the sum of n (15, 208 . 8~ Dollars, this sum being the Total of Payments referred to in the Disclosure Statement below._which includes a FINANCE i'FI.~RGE on the amount financed. payable in --------6 ¢qual consecutive monthly installments of ~ 2~3 , 48 each, and the first installment to become payable on the~_d a3? .of_ 17F . ~ i and one such installment to become due and payable on the ~ day of each succeeding month ; un±il the whole of said indebtedness (Total of Payments) is paid. In the event of~prepayment in ful! by cash ~ ?;efore the fina} installment date. the unearned portion of the FI~TANCE CHARGE shall he rebated under ~ the Rule of 78's. ~ E In the event of default in the~due and punctual payment of any installment on this Note for a period of ' thii-ty (30) days, or if any statement, representation or warranty in any application for the credit evidenced 1 ; 1~r this tiote is found to be untrue in any material respect, or in the event THE LTNDERSIGNED, WITHOUT ~ THE PRIOR «'RITTEN CONSE\'T OF THE HOLDER HEREOF, SHALL SELL. ENCU1titi1BER (E)iCEPT ~ ~'OR A\Y :~iORTGAGE ~VHICH 1S SECUAITY FOR THIS ~'OTE) OR OTHERWISE DISPOSE OF OR E~T- ~ Ct,'jIBER OR COMNiIT ANY BREACH OF THE biORTGAGE OR PERhiIT OR SUFFER ANY LIEN .TO ~ F:XIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ THE 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 - ~ due shall become immediately due and payable at the option of the holder hereof without demand~ presentment ~ c~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 ~ y Daid when due or vr•ithin ten ~ days thereafter~ the holder may co~ect, and the undersigned agrees to pay a late charge on such installment in ~~n amount equal to 5~ of such installment or $5, whiche~~er is less~ and in the ~event this Note is collected by ; la« or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, ` 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 amount of such homestead or exemption as may be allowed, including such : homestead or exemption as may be set apart in bankruptcy. Eo pay this note in full, with all costs of collection, and do hereby direct any trustee in bankruptcy having 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 ~ hereby, or any renewal thereof, and do hereby, jointly and se~•erally, appoint the Holder the attorney in fact for ~ each of them, to claim ar~~ and all homestead exemptions allowed by law. A first mortgage for the urity of the aforesaid indebteciness is retained by OUTDOOR RESORTS OF• atitERiCA, ~NC., on L.~t No. ji ~ in that certain Condominium known as OUTDOOR RESORTS AT 11~ ETTLES I~LA\ D. and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~ c~irded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Ptat Book 16, page 1:1A S ihrough 1J. . l - r? 224 IA~:~ ~liV 7-/~-73 1 ~ " C._t <;:.:f ~ ~ y , , ~ : ~ ~ ~~a f F ~ ~w.'~~.:_'~ ~ ,~"C ~~r _ Z. ' _ , s ~ ~ .x ~ ~ _ s~ , r . . . . . _ _