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Home My WebLink About2119 ti~ -~4 _ _ _ . _ _ . _ . / . y ; . . C,c.~ ~ PI~ ~p ~/J ~ ~ , , 284s99 . . , ~ ~i~-~ : l 9 M RTGAGE - ~ o ~aY S~ t j~ ~v-~--1i~~- ' the n~ort~;agor, in consideration of the principal sum specified in the promi~.~ory note herPafter de.SCribed. re- ~•~~i~~ed frnm OtJTDOOR RF.SORTS OF AMERICA, INC., a corporation organized ~nd existi:~g under the Laws ~~f the State of Tennessee, the Mortgagor~ hereby on this -day of-_~-~_~ . 19~, m~n•t~;.i~;es to the Mortgagee the real property in St. Lucie County. Florida, described as: Lot No.~_~~ in that certain condominium known as OUTDOOR , RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat recorded in the Oflice of the Circuit Court in and for St. L~n~ounty, S~~p Florida, in Plat Book 16, page 1:1A through ld. 0~ ~t ~1~2. ~V?.~ ~r`=F C~ ~ ~J1 Pw.~E~ v THIS IS A PURCHASE ~fONEY MORT(:AGL~~Nr To etE o~ T K#1. ~/ER ~l_ ''E -~'~3l p. ~UCES sec~i~y for the payment of the promissory note of which the following is a co~ ~i~~ ~s ~~y'~ Ex~y~ Instaliment Note and Disclosure Statement ~D""~ sT wC~ 10 608 .00 St . Lucie County , Fioriaa ~ _ _ ~ ~ j~ is2~ Foi- Value Recei~~ed. I. He or either of us promise to pay to the order of OUTDOOR RESORTS OF :i V ERICA. INC.. P. O. Box 1116, Jensen Beach, Flor ida. 33457, or any other place as the holder hereof may ~lt~~i~,•nate in Hriting, the sum o~et1 thousand s~x htmdred & ei~ht bA0/10~ 10,608.O~~llars, ti~i. sum bein~; the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE , c~i3~RGE on the amount financed. payable in-_ -96- equal consecutive monthly installments of e 110 , 50 each. and the first installment to become payable on the~-day of , ' 1~1 and one such installment to become due and payable on the--_~-day of each succeeding month ~ i~,itil the ~~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ;~t~fore the final installment date. the unearned portion of the FINANCE CHARGE shall be rebated under t h e Rute 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 this hote is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT TiiE PRIOR VVRITTEN GONSENT QF THE HOLDER HEREOF, SHALL SELL~ ENCUMBER (EXCEPT 4 I-'nR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~ c'L'MBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PEftDiIT OR SUFFEft ANY L1EN TO ~ 'r:.l'IST ON THE REAL PROPERTY PURCHASED BY THE UItiDERSIGNED AND FINANCED THROUGIi ~ T1iE 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 ~ ctt:e shall become immediately due and payable at the option of the holder hereof without demand, presentment s ~,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 clays thereafter, the holder may collect, and the undersigned agrees to pay a late charge nn such installment in an amount equal to 5''/. of such installment or $5, whichever is less, and in the event this Note is collected by ta~v or thmugh an attorney at law or under advice thereof, the undersigned agrees to pay all costs ef collection. ir,cludinR reasonable attorney's fees and court costs to the extent permitted Uy Florida law. . : ~ ~ ~ Y The undersigned and all endorsers or other parties to this note jointly and se~erally transf~r. convey and ~ a,sign to the Holder a sufficient amount of such homestead or exemption as may Ue allowed. including such homestead or exemption as may be set apart in bankruptcy, to pay this note in fu11, with aH costs of collection. - ai~d do hereUy direct any trustee in bankruptcy having possessian of such homestead or exemptiora to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebtednass evidenced ,r~ hereby, or any renewal thereof, and do hereby, jointly and se~•erally, appoint the Holder the attorneY in fact for each of them, to claim ar~~ and all homestead exemptions al1oH•ed b~• law•. sec rit of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF ~ A first mortgage for the y~ y A~iERICA, INC., on Lot No.~~n that certain Condominium known sa OUTDOOR RESORTS AT NETTLES ~ ISI.ANn, 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 1:1A through 1J. ~ ~2~.1~ - - ~ ~ ;r ~ - - - - ,~_.v... t ~ . ~ • .~_r ~ ~