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Home My WebLink About0677 2, 53~ M O R T G G E _ ~ the mort~,•< gar. ih consideration.of the principal sum specified in the promissory note hereafter described. ra- ~•ei~•ecl from OUTDOOR RESORTS OF A1~IERICA~ INC., a corporation organiz and existin~ under the Laws of the State of Tennessee. the Aiortgagor, hereby on this~~-day of v~~~~~'' , 191~. moi•tga~es to the liortgagee the real roperty in St. Lucie County. Florida. descriUed as: n~ a Lot 1\~0, S ~ in that certain condominium kno~vn as OUTD008 _ ~t:s ~d;,~~''`~ RESORTS OF ADIERICA AT NETTLES ISLAND, as shown by plat recorded in the Ofi'ice af the Circuit Court in and fot• St. Lucie County, Florida. in Plat Book 16. page 1:1A through 1J. THIS IS A PURCHASE tiIO~TEY 110RTGAGE as security for the payment of the promissory note of «hich the follo~sing is a copy: lnstallment Note and Disclosure Statement ~9 ~ 281.2$ St . LuCie County , ~orida (~~~L oZ-~ i9~ Fo~• ~'alue Received, I, ~ve or either of us prom ise to pay to the order of OUTDOOR RESOBTS OF :~~IERIC~, I~1C.. P. O. Box 1116, Jensen Beach, Flor ida. 3345?, or any other place as the holder hereof anay Nine thousand two hundred ei~hCy-one ~9 ~ 2g1, 2g ~ Dotlars, de>i~,•nate in ~vriting, the sum of - s 2-g~j.8(~-- ±his sum bein~ the Totat of Payments referred to in the Disclosure Statement below, ~vhich includes a FINANCE CEiaHGE on the amount financed. payable in ---'---~96"-" equal consecut~.g,}nonthly instaliments of < <~G each, and the first installment to become payable on th~~day o , ; 12_ , and one such installment to become due and payable on the ~ day of each succeeding month ~ i,iitil the ~vhole of said indebtedness (Total of Payments) is paid. In the e~~ent of prepayment in full by cash - ~~etore the finai installment date. the unearned portion of the FI\ANCE CHA£.GE shall be rebated under the Rule of 78's: . ~ In the event of default in the due and punctual paS~ment of any installment on this Note for a period of ~ tl~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced ~ t~~• this ;~'ote is found to be untrue in any material re~pect, or in the event THE UNDERSIGNED. ~VITHOUT ~ THE PRIOR «'RITTEN CO\SE\T OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ FOR A1~TY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERV4'ISE DISPOSE OF OR EN- ~ C'Ui~IBER OR COMDiIT ANY BREACH OF THE 1~iORTGAGE OR PER~'iIT Oft SUFFER ANY LIEN TO E?~IST ON THE REAL PROPERTY PURCHASED BY THE L'NDERSIGtiED Al`D FINAl~'CED 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 paSabie at the option of the holder hereof witho~t demand~ presentment or 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 I~ote. In thP event any installment is r.ot paj~ ivhe~ ds~ or «it~in ten ~ days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in ~ an amount equal to 5I of such installment or $5, whiche~er is less, and in the e~ent this ?~ote is collected by law 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 undersi~ned and ail endorsers or other parties to this note jointly and severally transfer, conrey and _ a;;ign to the Holder a sufficient amount of such homestead or esemption as may be allowed, inc!udir.g such = homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection, and do hereby direct any trustee in bankruptcy having possession of such homestead or eremption to deliver to - ~i~~ .~c.~ue~ a s~~~ic~er,~ a~~;ount vi pi-uperty~ ur muney set apari as e~empt to paS the inciebtedness evidenced , herei?~, or any renewal thereof. and do hereby, jointly and se~~eralt~~, appoint the Holder the attorney in fact for each of them, to claim ai and all hc?mestead exemptions allo~ced t~S- 1.?~c. - \ A first morc~;a~•e for the se urity of the aforesaid inclebtetlne;s is retained by OUTDOOR AESORTS OF :111ERIC:1, INC., on Lot \'o. ~ in that certzin Condominium known as OUTDOOR RF.SORTS AT :~'ETTLES - 1~I.~ti I), anci ~n any improvements, fixtures or after acyuired property added thereo», as Shown f~y plat re- ~c~C.~ . , t , T• . • T _ . ~ . ~ r ~ .-..y.l. f1~n ~l~^n n~' 4{in ~':r~i~:4 f' ~f ~7 C~._ :l : ~ - . . . - _ ~ i ~:J~ alAY UVVf~ 1V~ l1Q~'G l.lL1 thru~~~,*h 1J. ?.^t:224•PAI;E 'V ~V 7-r? ~ L , .~S _ ~ - = - ~ m ~ ~ _ ~ > ~ ~ ~ _ - s ~ . . . . ~ .~iY .