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Home My WebLink About0697 ~ MORTGAGE 2~a3~3 ~ -H~ro~d _W, McC~rthy - - - - - _ rh~~ m~~rt~,~,~g~?r, in consideration of the principal sum s~ecitied i~i the promi~~orr n~te ~ereaft!~r ~~t•,.•t:t,~~i~, re- ~~~~i~~~•d fr~~m OLTnQOR RF.SORTS OF AMERICA, I\C., a corporxtior~ organized and esi•tink? tuid~•r r~ La«•s ~~f the ~t:ite ~~f Teiuie~see, the hlortgaKor, he?•ebti• on thi._ _fzth -d.«• of__ ~_~Ill~3~X . 1:~ 7~ , n~,~rt~,•.i~,~e. t~? the ~Iart~,?.tgee the real pmperiy in :;t. I.ucie ('~,unt~•. Floridx. deccribed as: Lot \'0._404/II in that certain conduminium kno~~n as OUTI)OOR RESORTS OF AIIERICA AT \ ETTI.ES ISI.~\ n; us sho~rn pl.it rec~?rded in the OHSce of the Ciiruit t'ourt in and far St. Lucie C'ountt•, Flo2•ida, in Plat Bcx,k 16, pa~,?e l:lr1 throu~,~h 1J. THIS IS A Pt?RCHASE `IO\E1 ~IORTG~1(zE ~~;-~;~.Y `'~~'fls :ectll'It~' 101' t}1@ })li~~ment of the pi~umi~~or~ note of ~~•hich the follo~i~ing is a cu~~~: ~j~"~~ °ti:.`` 3' "`'te Installment Note and Disclosure Statement a~~ ~~f~~~~~~ ? $,189,40 _~t. Luci~_~911A~x_-------. Florida - Je.nuar~ 6. - - 19 ~ 3 I~~~~• ~'alue Recei~~e~l, I, ~~•e or either of us promi~e to pa~• to the order of OUTDOOR Rr:SnRTS OF :1 ~1F.1:1t'A, I\C., F. O. Bus 1116, Jensen Beach, Flor ida, 33457. or any other lace as th hereof ma p & ~0~.~~ y ~~~•~i~na?te in «•ritin~,?, the ~um ot~igh~_ thousand one _hundred eighty-nine (8,189. 40 ~ n~~~ars. ~i:i~ se?n~ bein~,• the Total of Payments referred to in the nisclosure Statement below, which includes a FINANCE ~~11 aI:GE on the amount financed, payable in____.,-60-__ _.._,__equal consecuti~~e manthl~~ installments of ~ 13b.49_ ___each, and the first instaliment to become pa~•able on the~t day of_0.~3'.9~__.____. 1'? 73 , artd one ~e~ch enctallment ta become due and payable on the__ 1~~-_day of each succeeding month ~.r~til the ti~•hole of said indebtedness {Total of Payments) is paid. In the event of prepa~ment in full 1>~ ca.sh i,~•i„re the tina! in~tallment date, the unearned portion of the FIN~NCE CHARGE shall t~e rei~ated under tht~ Rule of 78's. ]n the erent of default in the due and punctual payment of any installment on this Note for a period of t}~ii•t~- (30) da~'s, or if an~~ statement, representation or ~•arrant~• in any application for the credit evidenced ~~r this ~ote is found to be untrue in an~• material respect, or in the e~ent THE UNDERSIG\En, ~VIT}iOL'T ~rHE PRIOR «~RITTE~ GONSE~T OF THE HOLDER HEREOF, SHALL SELL, ENCU~iBER (EXCEPT E'nR A\Y DZORTGAGE ~t'IiIC~i 1S SECL'RiTY FOR THIS \'OTE). OR OTHER~VISE DISPUSE OF OR E~'- ~'t ~iBER OR C0;1i~IIT A~~ RREACH OF THE MORTGAGE OR PERMIT OR SliFFER ANY I.IE~ TO ' N:.l"IST O~' THE REAL PROPERTI' PURCHASED BY THE i1i~'DERSIG;ITED AND FI~'AiV`CED THROIJGH ~ T1iE CREDIT E~'IDENCEU BY THIS :~'OTE or in the e~•ent of the incompetency, insol~-ency ~}iOK'SO@ver ; e~•idenced) or bankruptct~ of anyone or more of the undersigned, then the entire remaining indebtedness then ' ~lue shall 1~ecome immediately due and pay~able at the option c~f the holder hereof u•ithout dernand, presentment ~~r notice of an3• kind. Any failure of holder to e~ercise said option shall not constitute a wai~°er o£ the right ±o exercise the same at any other time. Time is of the essence of this \ote. In the erent am• in~tallment is not paid when due or within ten davs thereafter, the hoider may~ collect, and the undersigned :i~,~t'PC'C t~ pay a late charge on such in,tallment in an amount equal to 5;; of surh insta)lment or ~vhicherer i. le~~, and in the e~ent this Note is cnllected by latt~ or through an attorney at lau• or under advice thereof, the under~i~,rned agrees to pa~• all co~ts of coUection, , includinK reasonable attorney~'s fees and court costs to the extent permitted hy Florida IaK•. ' The undersigned and atl endorsers or other partie~ to this nute joint~y and ~e~•erall~• transfer, conti-ey and a~si~,?n to the H~Ider a~afficient amount of ~aeh home~tead or e~emption a~ may be ~?llowed, includin~- ~uch ~~i homestead or exemption as may be set apart in bankruptct•, to fia~• this nute in full. «~ith all costs c~f coliection, ~rnd do hereby direct any trustee in bankruptcy having pos~e:~ion ~f such homestead or exemption tu deli~-er tr~ the Holder a sufficient amount of property or money .et apart as exempt to pay the indehtedness e~•idei~ced ~ hereb~•, or any rene~cal thereof, and do hereb~~, jointly and se~•erall~•, app~int the Nolder the attorney in fact for ; ~ each of them, to claim any and all homestead exemptions allcn+•e~l 1?~• la~~•. ~ ~ A f irst mortkage for the security of the aforesaid indehteclnes. is retained b~• OLTI?OOR FESORTS OF ~ A1tERICA, 1NC., on Lot tio.4_0~~ that certain Condominium known aa OUTDOOR RESORTS A'I' tiETTLES ISLA~'I), and on any improvements, fixtures or after acyuired F~r~perty added thereon, as ~hotin by plat re- c~~rded in the nffice of the Circuit C'ourt in and for St. I.ucie ('~?unt~•, Florida, in Plat Rovk 16, pa~~e 1:1A i ~ - ~ ~ i r - ~ ; s , _ r~-~~ ' r - ' - . . _ . . ~ .