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Home My WebLink About0924 y---i - - - - - - - C ~ 9 ! ~,.1~~ ~ ~ i~~ ~ M O•T G A G E ~'~y7~•s ~~y 1 ~ R~~ ~ 3 ~t? i: ~ l du-•,, L /-I C , the mort~agor, in consideration of the principal sum specified in the promissory n e hereafter described, re- rei~•ed from OUTDOOR RESORTS OF AMERICA. INC., u corporati~n organized~a~nd existing under the Laws of the State of Tennessee, the Mortgagor. hereby on this~day of ~''4 ` 19~ mortgages to the ~Iortgagee the real property in St. Lucie County. Florida, described as: fL Lot i\'o s in that certain condominium known as Otl'TDOOR RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat ~ Flor d a in Plat Book 16. page 1 c1A h gh 1J d for S~ Lucie County. ~~p~~ ~ THIS IS A PURCHASE ~10NEY 1110RT~ ~ c 7- I A s s e c u r i t y f o r t h e p a y m e n t o f t h e p r o m i s s o ry n o t e o f w h i c h t h e f o l l o w i n g i s ~ f p a D: ~M~'~ M 6/ g~E p P ~ Y i y~ . ~~F'~ )1•1 N'3~Ai.t( p~ Ta(Q instcllment Note and Disciosure Staf~M~e~,1~ ~;Q Po, R;,~~S ~19,~n;y,~~, S 8, 505.00 St. Lucie Coun~~ tuc~E,~, _~orida ~ i J i~ 3 ~sZ1 For Value Received~ I. we or either of us promise to pay to the order of OUTDOOR RESORTS OF AtiIERICA. INC.. P. O. Box 1116. Jensen 'Beach. Flor ida~ 33457. or any other lace as the holder hereof may Eight thousand five hundred and ~ive designate in writing. the sum of (8, 505.00~ Dollars. this sum being the Total of Payments referred to in the Disclosure Sta ement below, which include9 a FINANCE CHARGE on the amount financed. payable in -60- equal consecutive monthly installmen of $ 141. 7 5-- each, and the first installment to become payable on the~_day of ~ 19 and one such installment to become due and payable on th day of each succeeding month until he whole of said ir_debtedness (Total of Payments) is paid. In the event of prepayment in full by cash before the final installment date, the unearned portion of the FINANCE CHAr.GE shall be rebated under the Rule of 78's. In the event of default in the due and punctual 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 by this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOIIT THE PRIOR WRITTEN CONSENT OF .THE HOLDER HEREOF, SHALL SELL, ENCUIdBER (EXCr^.PT FOR ANY DtORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CUMBER OR CO?~iMIT A\Y BREACH OF THE bIORTGAGE OR PE~t:VIIT O~t SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS NOTE or in the event oi the incompetency, insolvency (howsoever evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then du2 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 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 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 an amount equal to 5~J~ of such installment or $5, whichever is less, and in the event this Note is collected by or L::r~;:gh a~ a~torr~ey at iaw ur unuer advice thereof~ the undersigned agrees to pay all costs of collection, ;r~ciudiug rea~onable attc~rney'~ fees and court costs to the extent permiited by Florida law. The undersigned and all endorsers or other parties to this note jointly and se~erally transfer, convey and assign to the Holder a suHicient amount of such homestead or exemption as may be allowed, including such homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection, and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced ~ hereby, or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the attorney in fact for each of them, to claim ai:~~ and all homestead exemptions allo~sed by la~v. 4 iirst mort~age for the sec ity of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF ~ ;1 :1ERICA, INC., on Lot No. S 3 i that certain Condominium known sa OUTDOOR RESORTS AT I`E'T'TLES ~ i~LA`D. 2rd on ar.y improvem nts, fixtures or after acquired property added thereon, as shown by plat re- corciecl i:~ the Office of the Circuit Court in and for St. I.ucie County. Florida, in Plat Book 6, page 1:1A ~ ,hr~,.:bh 1.I. ~~~/c-I7- 7.~ ~ ~ ~ .a~ I.~ F+~ M ~ ~ • ~ 6001(~~ ~ F . ~ • ~ : ~ . . tt ` ~ ~ ~ _ - _ _ :