The URL can be used to link to this page

Home My WebLink About2107 .s . . J< ~ ~ = r ~~0 MORTGAGE -~~~Y/ ~ R9~ r~ x~ ~ d a~N ~~~~i~N-~ ~ ~ 9 9 r; fs,.~M r~ . t he mur t~;u~;or. in consi dera tion o f t he pri nci p a l s u m s p e c i fi i n t h e p ro i s s o r y n o t e h e r e a f t e r d e s cr i b e d, re- ~•ei~•ed f~Y~m OUTDOOR RFSORTS OF AMERICA. INC.. a corporation orgAmz and existing under the Laws ~~C the St.ite of Tennessee, the Mortgagor. hereby on thi~~-day of~-=1~- - , 19~. murt~;.?~*e~ to the Mortgagee the re ~ perty in St. Lucie County, Florida. described as: ~ S~~ Lot No.~ in that certain condominium known as OUTDOOR t~~~~EO RESORTS OF AMERICA AT 1~ETTLES ISLAND, as shown by plat recorded in the Office of the Circuit Court in and for St cie County. Florida, in Plat Book 16, page 1:1A through 1J. ,p,~~ ; ~~9 ? ~ THIS IS A PURCHASE DtONEY b10RT(.~Uy~~''~'~~'.>~ ry p 0 ~ GI F.,_ YL/~ Ctyio. @t securit~• for the payment of the promissory note of which the following is R.~opy: ~j,l~"'.,,p~ F~f r,~ ~ "`u4U ~T fq PoR ~s ~ q~p,, . , Sj ~ 1~.~~Y/~~ Instaliment Note and Disclosure Stotemen~` ~RT ER'', ~ 9~612 .48 . St . Lucie County ~~I~idaC --~~_1~ 19~ Foi- ~'alue Recei~•ed. I. He or either of us promise to pay to the order of OUTDOOR RESORTS OF :~`i~:R1('A, INC.. P. O. Box 1116. ~sen ~each, Fl~rid~, 3~45L?~~~ec~Yt e~~eace as the holder hereof may ne t ousan six n clr~i~*nate in writing, the sum of &__4,~~~- ( 9.b12.48) ~~~ars, this ,um being the Total of Payments referred to in the Disclosure Statement beiow, which includes a FINANCE t'FIARGE on the amount financed, payable in -96' equal consecutive monthly installments of ~ 1Q0 .13 _ each, and the first installment to becorrre payable on the-.~ -day of- . 1!~?~_, and one such installment to become due and payable on the-__~day of .each succeeding month ~„?til the whole of said indebtedness (Total of Payments) is paid. In the event of grepayment in full by cash t~«~fore the final instaUment date, the unearned portion of the FINANCE CHARGE shall be rebated under f the Riile of 78's. ~ In the event of default in the due and punctual payment of any instalfinent on this Note for a period of ~ t;~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced t~~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT TEiE PRIOB «'RITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~'LIMBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFEft ANY LIEN TO F:.l'IST ON THE REAL PAOPERTY PURCHASED BY THE UNDERSIGNED AND ~INANCED THROUGH 'I'EIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency~ insolvency (howsoever e~-idenced) or Uankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then clue shall become immediately due and payable at the option of the holder hereof without demand, presentment =~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 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 <~n amount equal to 5`~ of such installment or $5, whiche~~er is less, and in the event 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, 5~ inciudinK reasonable attorney's fees and court costs to the exteret permitted b~ Florida law. ~ The undersigned and all endorsers or other parties to this note jointl~~ and severally transfer, convey and ~ ~ assign to the Holder a suti'icient 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, ~vith all costs of collection, a and do hereby direct any trustee in bankruptcy having possession of such humestead 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 ~e~•erall~, appoint the Holder the attorney in fact for each of them, to claim ai and all homestead exemptions alloK•ed by la~~•. ~ ~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF a`iERICA, INC., on Lot No.~~_~n that certain C~ndominium known aa OUTDOOR RESORTS AT NETTLES IST,AtiD. and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- c~~rded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page I:IA : through 1J. ~ ~ ~ ~~s z~az BOOK PAGE ~ _ , _ ~y ~ ; - - ~ ~ ~ ~ ~ > ~ n_ ~ . ~