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Home My WebLink About0685 Iv19 T G A G ~ , - - . ~ - ~ ~ . 5~3'7•~ . , r _ • t G Nd ~ `t~~ r.~ort~agor. in consideration of the principal sum specif~ed in the promissory note hereafter dexribed. re- ~~~,.-~d irom OUTDOOR RESOBTS OF ADIERICA, L~C., a corporation orgsnized and e!cisting under the Laws ~t the S~a?.e of Tennessee. the ildortgagor. hereby on thi- day of D!3 F_ ~ ig_~,?~ r~ort~*sges to the llortgagee the real propertq in St. Lucie ounty~ Florida, describcd as: - Lot ~10 ' in that certain condominium kno~m as OUTDOOK RESORTS OF ~a1ERICA AT ~ ETTLES ISL.~iti D, as shown by plat recorded in the Office of the Circuit Court in and ~or St. Lucie County, Florida, in Plat Book 16. page 1:1 through 1J. , ~ THIS IS A PURCH ~SE aIONEY 1~IORTG ~GE "•'~'Ds :1 s security for the payment of the promissory' note of which the foltowing is a copy : 2i~„`~+ `~~,e ~ _ -:;~a lnstollrne~t No#e cnd ~isciosur~ S#a~ement ~~a 2R1__ 28 _ St. Lucie CountY ~ Florida T ~ T, f~r .Q is~i Fot- Value Received, I, we or either of us promise to pay to the order of OL"TDOOR RESORTS OF a~iERICA. INC., P. O. Box 1116. densen Beach, Flor ida~ 33437, or any other place ~~~lder hereof may u~~ignate in ~vriting, the sum o~i t-l,c> >~and t~ao~~~ed e ig~ty--one S~ t9 . 281. 28 ) Dollars, ~ this sum being the Total of Payments referred to in the Disclosure Statement below. which includes a FII`TANCE CHA~tGE on the amount fininted, payable in 4~ equal consecutive monthly instaUments of Y 95. 68 each, and the first iastaUment to beeome payable on the~-day of D r_= L.~_~ ~ 19_.Z~, and one such installment to become due and payable on th day of each succeeding aionth ! untii the whole of said indebtedn~s (Total of Payments) is paid. In the event of pr~payment in full by cash ~ before the. fina! installment dats, the uneuned portio» of the FI~tA~ICE CHARGE shall be rebat~l UTiU'P.P ~ the Rule of ?8's. - ~ ~ jn tiie event of default ia the due and punctual payinent of any ir.stall.-nent on this I~ote for a periocl of ~ ~hirty (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 WDERSIGi~iED, RrZTHOUT ~ THE PRIOR WRITTE~i COI~TSENT OF THE HOLDER HEItEOF, SHALL SELL, E\TCU~rIBER (EXCEYI` 3 ~'OR ANY MORTGAGE WHICH 1S SECURITY FOR THIS ~TOTE) O~t OTRER~ti'ISE DISPOSE OF OR EN- ~ CUIiBER OR COld1~IIT ANY BREACH OF THE DIORTGAGE OR PER :IIT OR SUF'FE~t ANY LIF.~T TO ~ E.l"IST ON THE REAL PROPERTY PURCHASED BY THE U`'DEP.SIG~'ED r~1?`D FINAI`CED THROUGH ~ T.iE CREDIT EVIDENCED BY THIS \OTE or in the event of the incompetency, insolvency (howsoever ~ evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ c:ue shall become immediately due and payable at the option of the holder hereof without demand, presentment ~ or notice of any kind. Any failure of holder to erercise said ogtion sh~ll 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 any instal:ment is not paid when due or ~vithin ten ~ daS~s thereafter~ the holder may colleei, and the undersigned agrees to pay a late charge on such installment in an amount equal to 5% of such installment or b5, whichever is le~s, and in the event this Note is collected by k, law or through an attoraey at law or under advice thereof. the undersigned. agrees to pay all costs of coliection. r~ including reasonable attorney's fees and court costs to the extent permitted by Florida law. Thp undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and - assign to the Holder a sufficient aaiount of such homeskead or exemption as may be allowed, including such nomestead or exemption as may be set apart in bankruptcy, to pay this note in full, svith ail costs of collection~ and do herEb9 direct any trustee in bankruptcy having possession of such homegtead or exemption to deliver tn ~ the Holder a sufl5cient amount ~of propertq or money set apart as exempt to pay the it~ebtedness evidenced hec~by. or any renewal thereof, and do hereby~ jointly and severall~, appoint the Holder the attorney in fact for each of•them, to claim arti~ and all hamestead exemptions atlo~ved b}- law. A first mortgage for the~ty of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF` ~ A~IERICA. TNC., on I..ot No hat certain Condominium known as OUTDOOR P.ESORTS AT NET1'I.ES~ I~L??ND, and c,:~ any improvements, fixtures or after acquired property added thereon. as shown by plat re- ~~oc~?ed in tne Qfnce of the Circuit Court in and ior St. Lucie County, Flo-ida, in Plat Book 16, page 1:1A ~ tr rouoi: 1J. p s i K RECEIVED `a-~----~ -~N PAYMfNT OF TAXES _ ~ ~ 4ti:[ 0~ CLASS 'C INiAKGIBIE FE•,;n~w.~ PROPERIY~ ' _ , • ~ pURSW49T 10 C!';,. It 114. IICiS ~7F 1971~„~~~, ! „ ; "!)I1Ra~ ~~r~ / . _ . ~ 1 ~ ~ _ r_IRCJII Guurt(, ~f. w°..tt C0~ FIJ1. ~ ~ ; ` ~ ~ ~ , ~ r - : _ , . . ~ _ _ - } _ _ _ _ -