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Home My WebLink About2139 ~ 'c ~ J ' ~ ~ . : . . ~g.4'~14 ` MORTGAGE ~ - ~j~l~ Q_~~~5 ~o K 11. ~ZN ~1-LI S S W 1r~ ) _ the mort~;~igor. in consideration of the principal sum specihed in the promissory note hereAfter described. re- ~•~~i~•ed fi~m OUTDOOR RF.SORTS OF AMERICA. INC., a corporation organized and e~istinb under the Laws ~~t' the State of Tennessee. the Mortgagor~ hereby on this 1-^day of , 19~. m~n•tgu~;e~ to the lioi•tgagee the real property in St. Lucie County. Florida, described as: Lot No.~ in that certain condominium TknoKn as OUTDOOR ~L4 RESORI'S OF AhiERICA AT NETTLES ISLAI~D, as shown by plat KftY.ED tb ~orded in the Office of the Cireuit Court in and for St. Lucie County. OA16fMAl. NOZE I~'lorida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE AiONEY NORTGA ~'Z3 ~ INT ~it1'~/ a. ~ecurity for the payment of the promissory note of which the follo~~ ing is a copy . T~ Cwp~r~ ~~F PE~y,~ ~ t,~ r 134, j'R0. Installment Note ond Disciosure Stateme~~R ~ AO~~~~ . ~ _9 612.48 - ~ St Lucie GoLm_tT ~o~ / M e ~9?~ ~ For ~'alue Received, I, ~e or either of us promise to pay to the order of OUTDOOR RESORTS OF ~ :~~tERI('A. INC., P. O. Box 1116. Jen~en Beach, Flor ida, 33457~ or any other place as the holder hereof may y Nine thousand six hundred twelve 9 612.48 : ~3r<i~,•nate in.~~ritinfi, the sum of ~_~~zQQ-- ( ' ) Dollars. ; ?t~i. .i~m bein~,• the Total of Payments referred to in the Disclosure Statement Uelow, which includes a FINANCE ~ c'II~RGE on the amount financed. payable irL__ '96- equal consecutive monthly instaliments of ; ; 100 .13 each, and the first installment to become payaUle on the~!_____~day of ~u r1 E ~ ' ` 1 ~ 7~-__ , and one such installment to become due and payable on the-__ ~ day of each succeeding month I ui~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in fuli by cash ~ t~etore the final installment date. the unc~arned portion of the FIr'ANCE CHARGE shall be rebated under ~ the Rule of 78's. E In the e~ent of default in the due and punctual payment of any installment 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 ~ ~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED~ WITHOUT T~IE PRIOR ~'VRITTEN CONSEi~TT OF THE HOLDER HEKEOF. SHALL SELL, ENCUMBER (EXCEPT FnR ANl' MORTGAGE ~YHICH 15 SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ('L?MBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERl~'IIT OR SUFFER ANY LIEN TO } F~:.l'1ST ON THE REAL PROPERTY PURCHASED B~ THE UNDERSIGNED AND FINANCED THROUGH ~ TI~E CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever i e~~idenced) or bankruptcy~ of anyone or~more of the undersignecl, then the entire remaining indebtedness then , ~ ci~ie 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 erent any installment is not paid when due or within ten ~ ciays thereafter, the holder may collect, and the undersigned agree~ to_ pay a late charge on such installment in i ~ ~~n amount equal to 57 of such instaliment or $5, whiche~•er is le~s, and in the event this Note is collected by law• or thrnugh an attorney at law or under advice thereof, the undersiKned agrees to pay all cosfs of collection, ~ inrludin~ reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ The undersigned and all endorsers or other parties to this .note jointly and severally transfer, convey and assign to the Hoider a sufTicient amount of such homestead or exemption as may be allowed, including such ~ ' n as ma be set a art in hankru tcy, to pay this note in full, with all costs of collection. h~mestead or exempt~o y P P . 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 indebtedne=ss evidenced ' hereUy, or any renewal thereof, and do hereb3~, jointly and ~e~~eraily, ap~int the Holder the attorn~y in fact for ~ each of them, to claim ai and all homestead exemptions allo«•ed bS- la«. - A first mortgage for the security of the aforesaid indeUteclne~s is retained by OUTDOOR RESORTS OF :1~1ERICA, INC., on Lot No.13~in that certain Condominium known aa OUTDOOR RESORTS AT NETTLES ; ISI.AND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- f rorded in the Office of the Circuit Court in and for St. Lucie County, Florida. in Plat Book 16, page 1:1A i through 1J. : Bo~?~'8 ~2~~~ ~ u ~ 5 = _ _ - ~ ~"N~~~~r~ ~ sr # ~ ~ ~ ~ ~ ~~'~r..~~ ~y'. . ~ a.~