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Home My WebLink About0889 ~ v~~ U~1 V~ i~ i 9'738 , T - - ri~~> i~:~~z•t,a~or, in co~f;ider.ition ~~f the princi~~al sum specitied in the ~?rc~mis,ucy n~te hereafter descrihed, re- ~•~~i~•r~i fr~~m OLTDnOR P.ESORTS OF :~1IERICA, I\C., a corp~ration org:inizeci and existing u:tder the i.a«•s ~~i t'r,~~ ~t:ite of Tenne~~ee, the ~Iort~,~gor, hereb~ on thi~_~1 ___cl.i~• of_-Qsr~ 19_~, ~,~~rt~.:.t~,*e, tr ttte .lic~rtgagee the real propert~• in St. Lucie (_'otintt•, Floricia, described as: _ r~ ~ I.ot \0~0 ~~~~1 that cert:illl cunuorninium l:~io~~n as OUTDOOR P.E50RTS OF A~IERICA ~T \ ETTI,ES iSL.\~1D, as shown by plat i•e~•~~rd~l in the Oi~ice uf the Circuit Court in and for St. Lucie County, ~ Florida, in Ylzt ftoo~ 1G, ~a~;e 1:1:~ through 1J. RE~ry~= ~ g ~ ~ ~ , ' T~iIS IS A PLRCH~ISE ~IO~EY :110RTGaGE rN~ 1~ p~ ~urr lo ~wc~etE oE- oF r ,ecuritti• fur the payme~~t of the promissory note of ~r•hich the follo~ving is a copy: ~APtfq .,a~ P ~ c Ros~ ~ ~F "d'ERIr . Ins~allment No~e and Disc~osure Stetemen`~"'~ Qa?~`~T~~~~ ~ 7, 643 . 52 S C, Luc ie County Florida~~ - - ~zO G T. ~92~ F~r Value Recei~•ed, I, ~~•e or either of us promise to pay to the order of OUTDOOR RESORTS OF :'~~tERiC~, I\C., P. O. Box 1116, Jensen ~Beach, Fior ida, 33~57 or an other place as the holder hereof may Seven thousand six- hunc~red t~orty-three ~ 643 .52 de>i~;nate in ~ti•riting, the sum of ____~~~~nn ) Dollars. t~:is ~um bein~ the Total of Payments referred to in the Disclosure Statement below. which includes a FIti~NCE C~fARCE on the amount financed, payabte in -------96'----- equal consecutive monthly installments of 79 . 62------- Qach, and the first installment to become payable on the~L_day of~~- , ~ 1J~, and one such installment to become due and payable on the • day of each succeeding month ~ u?itil the ~r•hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash l~efore the fina} instatlment date. the unearned portion of the FI:~TANCE CHAI'iGE shall be rebated under ihe Rule of 78's_ ~ In the event of default in the due and punctual pa~•ment of any installment on this Note for a period of ~ thirt3~ (30) days, or if any statement, representation or warranty in any application for the credit evidenced b~° this tiote is found to be untrue in any material respect. or in the event THE UNDERSIGIVED, R'ITHOUT TfiE PRIOR ~VRITTEN CO~'SENT OF THE HOLDER HEREOF, SHALL SELL, EIr•CITD~iBER (EXCEPT F'OR ANY 1?iORTGAGE ~VHICH 1S SECURITI' FOR THIS 1`TOTE) OR OTHERWISE DISPOSE OF OR EN- CU:tiIBER OR CO1~11~1IT ANY BREACH OF THE 1+IORTGAGE OR PERDiIT OR SUFFER ANY LIEN TO EhIST OI~ THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT EVIDEI~'CED 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 ther. clue shall become immediately due and payable at the option of the holder hereof without demand~ presentment c~r notice of any kind. Any f~ilure 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 Note. In the e~ent any installment is not paid when due or within ten ~ da3•s 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, ~vhiche~ er is less, and in the event this Note is collected by _ ]:w or through an attorney at law or under ad~ ice thereof, the undersigned agrees to pay all costs of collection~ including reasonable attorney's fses and court costs to the extent permitted by Florida law. The undersigned and all endorsers or other parties to this note joinNy and severally transfer, convey and assigr. to the Holder a sufticient amount of such homestead or exemption as may be allowed, includir.g such ~ homestead or exemption as may be set apart in bankruptcy, to pay this note in full. with all costs of collection, ~ anc3 do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to ~'eli~er io the Holder a sufi'icient amount of property or money set apart as exempt to pay the indebtedness e~ idenced herzby, or any renewal thereof, and do hereb3, jointly and se~~erally, appoint the Holder the attorney in fact fflr each of them, to claim ai and all homestead exemptions allo«•ed by law. A first mortgage for the s ' y of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF Ai1ERICA, Ih'C., on Lot N4R~~'~!%~that certain Condominium known aa OUTDOOR RESORTS AT ~TET"I'LES ;ri~ ~ I~LA~i), and on any improvements, fixtures or after acquired property added thereon, as sho~vn by plat re- corded in the Office of the Circuit Court in and for St. Lucie County. Florida~ in Plat Book 16, page 1:1~1 :r: thr~~ubh 1J. . ~ ` - ° R 226 ~~~E ~~9 ~ - ~ 3 ~ ~f~ ~ BOOK - _ - _