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Home My WebLink About0701 _ ~ MORTGAG~ ~2;53~ 6 . • • o_/ .~i s ~~~.~Zl~s~~t -~a ~e, tnurt~*a,ur. in consideration of the principal sum specitied in the promissory note hereafter describeci, r~ ,..~:i~r~l irum OL~TDOOR RESORTS OF A.1rIERICA, I~IC., a corporation or~anizecl and existins~ ander the Laws ,~i the State of Tenne~ee. the i~iortgagor, hereby on this_..1~-d:iyr of T~i~./~ , 1~.~.~ r:~~,rt~;~~ges to the ~tortgagee the real property in St. Lucie County, Florida, described as: Lot No 'n that certain •condominium known as OUTDOOR. RESOR OF A1~iERICA AT NET'TLES ISLA:~iD, as shown by plat recorded in the Office of the Circuit Court in and for St. Lucie Couaty, Florida, in Plat Book 16. page 1:1A through 1J. THIS IS A PUftCHASE t1I0~1EY ~iORTGAGE security for the payment of the promissory note of ~vhich the following is a copy: ~'~~~cs • at~~,~u v:~:;~-•~1 uete Instatlment Note and Disclosure Statement e~a C3~~r~~~ ~ 9~ 281. 28 S t. Luc ie County ~orida / ~ ~ L ? i9?~ For Value Received, I, we or either of us promise to pay to the order of OIJ'TDOOR RESORTS OF .a~IERICA, INC., P. O. Box 1116. Jensen Beach, Ftor ida, 33457. or any other place as the holder hereof may Nine thousand two hund~ed eighty-one 9~ 2g1, 2g Dollars. . i~nate in writing, the sum of ~ ~ c~;;, sum being Lhe Total of Payments referred to in the Di~closure Statement below, which includes a FINANCE - C~HARGE on the amount financed, payable in ------~~96""'~equal consecutive montnly instaliments of ; ?__96 ~i8------~ each. and the first installment to become payable on th~day of•~~ATEIrt~~./~ ~ - ~ 1 and one such installment to become due and pa} able on the day of each succeeding month ; ;,~~til the ~chole of said indebtedness (Total of Payments) is paid. In the e~•ent of prepayment in full by cash ~ t,~fore the final installment date, the unearned portion of the FI~'ANCE CHARGE shall be rebated under z ~ ~ Rule of ?8's. ~ In the e~•ent of default in the due and punctual paSment of any installment on this I~'ote for a period of s ,_~;irt~• (30) daS~s, or if any statement, representation or warranty in any application for the credit evidenced ~ i~~ this Note is found to be untrue in any material respect, or in the e~ent THE UNDERSIGtiED. ~i'ITHOIJ'f - 'I'~IE PRIOR 1~'RITTEN GO\`SE~T OF THE HOLDER HEREOF. SHALL SELL. ENCUI4IBER (EXCEPT ~ I'c~R ANY hiORTGAGE WHICH 13 SECURITY FOR THIS NOTE) OR OTHER~VISE DISPOSE OF OR EN- ; CtibiBER OR COM;~IIT ANY RREACH OF THE 1l10RTGAGE OR PERI~iIT 08 SUFFER ANY LIEN TO ~-:YIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGtiED Al~'D FINAIvCED THBOUGH ~ 'I'~iE 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 ~vithout 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 1`'ote. In the event any installment is not paid when due or within ten ~ days thereafter, the holder may collect, 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 e~ent this Note is collected by law~or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, includino reatsonable attorney's fees and court costs to the extent permitted by Florida law. ,z~ The undersigned and all endorsers or other parties to this note jointly and severally transfer. comey and y.-+ a=sign to the Holder a sufficient amount of such homestead or exemption as may be allowed, inc!udir.g such homestead or exemption as may be set aparL in bankruptcy, to pay this note in full, with all costs of collection, ~c~ and do hereby direct any trustee in bankruptcy having pos~ession of such homestead or exemption to deliver to ~ the Holder a sufficient amount of property or mo:~ey set apart as exempt to pay the indebtedness evidenced ~ herel~y, or any renewal thereof, and do hereby, jointly and se~~erally, appoint the Holder the attorney in fact for e.:ch of tr:em, to claim ai:,~ and all homestead exemptions all~wed by law. ~ Er.t mor~sage for the secu ity of the afore~aid indebtedne~s is retainzd by OIJTDOOR RESORTS OF ;3:~~ :1'~if;F[C~., itiC., on :,ot \o at certain Cor,dominiam kr.own as OLTDOOR RESORTS AT tiETTLES ,~,~1': ~.nd on ary improvements, fixtures or after ac<;uired pmperty added thereon, as shown by plat re- c~~r~fed iR tt~e Ot~ce of the Circuit Court in and for St. Lu~ie ~~~~,FF~ ri~`i,~ Plgt Book 16, page 1:1A throux~: R _ j .~'rt~~' C,~ ~ S~ _ " II~,.-:.- "~~y{rq°~''.S' - ' . ~ Y'. ~ _ _ ,~'t`.- +r 'r,~'S,~'~ N +3 - .-('~'~.-F='~ry 2''vc^` { , _ „i" . . . , , j . _ r.._.~~i'. _ . . , . . . . , _ , . .