The URL can be used to link to this page

Home My WebLink About0717 MORTGAGE 2~539bi I~v D vG P rf k~7.~ ys; ~~z a~- ,C1~_L~ ~ E ~CJ L~~[ I.TN ?i ~h~ m~~rt,.•a~;ur, iit consideration of the principal sum specified in the prnmissory note hereafter descrih~d, re- ~.•~~~ed trc~rzt OIiTDOOR RESORTS OF AIIERIC~, I~C., a coi-ooration organizecl and esisting under the I.aws the State of Tennessee, the i~Iortgagor, hereby on this~~__da~~ of SE P TG iv, Rt R , 19~3, :~:~~~•t~;a~;es to the 1l~rtgagee the real property in St. Lucie Count~•, Florida~ described as: Lot \o.~~in that certain condominium known as ~UTDOOft RESORTS OF A11ER[CA AT \'ETTLES ISLA\TD, ~s shown by plat recorded in the Oflice of the Circuit Cuurt in and for St. I.ucie Couaty, ~'lorida, in Plat Book 16, page 1:1:~ through 1J. THIS IS A PURCHASE 114NEY .IiORTG4GE Du.u~ce;:tary Strmps .~;~cecurit3• for the pa~•ment of the promissory note of ~r•hich the following is a copy: ars~ree o~~~,~z~ note Ins~allment Note and Disclosure Statement a"° ~ 81839 .80 _ St . Lucie County , Fiorida ~ 9 SE ar is~ For ~'alue Recei~•ed, I. ~~•e or either of us promise to pay to the order of OUTDOOR RESORTS OF 11~;RICA. I~'C.. P. O. Box 1116, Jensen Beach, Flor ida, 33457, or any other place as the holder hereof may Eight thousand eight hundred thirty- g 839.g ,l~•,i~;nate in ~vriting, the sum of ~_IrL r on i,.,r. ( ~ ~ Dollars, c:~is sum being the Totat of Payments referred to ir~ the Disclosure Staterrient below. which includes a FINANCE !"FiaRGE on the amount financed, payable in --~----6Q-------equal consecutive monthly instaltments of ~ 147 .33-------each, and the first installment to become payable on thp 1S ~ day of ~?F_~.n i3 F,p 1 ~ J 3, and one such instatiment to become due and payable on the S?- day of each succeeding month t~t~tit the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash fore the final installment date, the unearned portion of the FINANCE C;~AAGE shall be rebated under t~ie Ruie of 73's. In the event of default in the due and punctuai payment of any installment on this Note for a period of thirty (30) days. or if any statement, representation or warranty in any application for the credit evidenced h~- this i\'ote is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOIJT ~ 'I'IiE PP.IOR «'RITTEN CONSENT OF THE HOLDEft HEREOF, SHALL SELI,, ENCUMBER (EXCEPT ; FOR A1'Y MORTGAGE ~VHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISP4SE OF OR EN- ~ ClitiiBER OR C011i~ZiT ANY RREACH OF THE 1~10RTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ E~IST ON THE REAL PROPERTY PURCHASED B~ THE UNDERSIGNED AND FINANCED THROUGH 'I'HE CREDIT EVIDEhCED 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 ' di~e shall become immediately due and payable at the option of the holder hereof without demand, presentment or notice of any kind. Any failure of halder to exercise said option shall not constitute a waiver of the right ' ia exercise the same at any other time. ; Time is of the essence of this Note. In the event any installment is not paid when due or within ten ~ clays thereafter. the holder may collect, and the undersigned agrees to pay a late charge on such instaliment in : an amount equal to 5;'~ of such installment or $5, whichever is less, and in the event this Note is collected by ; law or through an attorney at law or unde; advice thereof~ the undersigned agrees to pay all costs of 'coliection~ including reasonable attorney's fees and court costs to the extent permitted by Fiorida law. ; The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and assign to the Holder a sufl5cient amount of such homestead or exemption as may be allowed, including such h~mestead or exemption as may be set apart in bankruptcy, to pay this note in fu11, with all costs of co]lection, f and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to the Hotder a sufticient amount of property or money set apart as exempt to pay the indebtec~ness evidenced ° hereby. or any renewal thereof~ and do hereby, jointly and sererally, appoint the Ho)der the attorney in fact for each of them. to claim ar.~? and all homestead exempiions allowed by law. = A first mortgage for th~e, s~ urity of the aforesaid indebtedness is refained by OUTDOOR RESORTS OF~? A:~1F.RICA, INC., on Lot Ir'o.~r/'~in that certain Condominium known aa OUTDOOR RESORTS AT 1~'ETTLES ISLA:V'B, and c:~ any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~ corded in the Office of the Circuit Court in and for St. Lucie County, Florida~ in Plat Baok 16, page 1:2A through 1J. ~~,,~j n~~ - F;r_~ 2~4 fA~E ~~V `~t ~ , . ~ ~ - ~ ` ' o ~ ~~y~~ ~ ~ ~ ~ - - ~ ~ ~~u • _r r~ . .