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Home My WebLink About2189 ' ; , y~' . _ - , 284'748 . ~ ~ MORTGAGE , J ~ - , / - ~ , _ ; o "<,~.,re ~ Z~3~ -a`I'~..~f ~y t': v 8 ~~'`~!:,~i•~~• yj,.i r~ , .i , ii3 4-- , i v d L . the mort~,~a~?ar. in consideration of the principal sum specified in the promissory note hereafter descr~bed. r~ ~~~~i~•ed fr~m OUTDOOR RF.SORTS OF ADiERICA~ INC., a corporation orgnnized ~nd existing under the Laws , j •r/ ~~f the State of Tennessee. the Mortgagor, hereby on this-~ ___day of-__~~_~'~-~ 19__. m~~rt~,•a~e. to the 1lortgagee the real property in St. I.ucie County, Florida, described as: Lot No.•s_~~~ in that certain condominium knoHn as OUTDOOR RESOR-TS OF AMERICA AT ~1ETTLES ISLAND, as sho~vn by plat d~ recorded in the Office of the Circuit Court in and for St. ucie County, ~`t~~ l~' Florida, in Plat Book 16, page 1:1A thi•ough 1J. ~~'NEp ~ THIS 1S A PURCHASE 11iONEY 110RTGAR~ ~ CY• ~~A~'r~F'c~h p,~ry!~E~VT ~ecurit~• for the payment of the promissoiy note of ~hich the follo~vin~ is a copy: ~TF~ ~1 ~ oF r,~ -1,3g [ pQOP ES Instaliment Note an d Disc iosure S ta teme r~'~~ ~URT,Po~~`~jS ~ ly~~.~:~.~ - t~,~ ~ 8~ 808 .60 St . Lucie Count,y ,~:1~a ~ _ isl~ F~?r Value Recei~•ecl. I, Ke or either of us p?-omise to pay to the order of OUTDOOR RESORTS OF :~~tERI('A, I:~'C. P. O. Box 1116, Jensen Beach, Florida 33457 or any other place as the holder hereof may ' Eight thousand e~gh~ ~~iundred & ~ g~ gpg , 60~ Dollars, ~i~~~i~,~nate in ~~riting. the sum of_ ~-~g~ {x-~~,--s~,-- tt~i. .um being the Total of Payments referred to in tFie Disclosure Statement below, which includes a FINANCE ~~fIARGE on the amount financed, payable in -60- equal consecutive monthly installments of ; 146 .81_ _ each, and the first installment to become payable on the ~ S~ day of-~,~-. i t 5? j~_, and ane such instaliment ta become due and payable on the-_~ s~ day of each succeeding month ; ~~~~til the ~~hole of said indebtedness (Tota1 of Payments) is paid. In the event of prepayment in full by cash ; '~~•fore the fina! installment date. the unearned portian of the FItiAI~CE CHARGE shall be rebated under ~ thc~ Rule of 78's. § In the erent of default in the due and punctual payment of any installment on this Note for a period of ~ t}~irt~ (30) da~~s. or if any statement, representation or warranty in any application for the credit evidenced t~~• this r~ote is found to be untrue in any rr_aterial respect, or in the event THE UNDERSIGNED, WITHOiJT TfIE PRIOR «'RITTEN CONSENT OF THE HOLDER HEREOF, SNALL SELL. ENCUMBER (EXCEPT ~'nR ANY MORTGAGE VVHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OB EN- c~L'biBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO F:.l'IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AhD FINANCED THROUGH 'I'?IE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever <<-idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~i«e shall become immediately dne and payable at the option of the holder hereof ~eithout demand, presentment ~~i• 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 an,v installment is not paid when due or within ten da~~s thereafter, the holder may collect, and the undersi~ned agrees to pay a late charge on such installment in ~ <<n amount equal to 5~~ of such installment or $5, whicherer is le~s. and in the event this Note is collected by la«• or through an attorney at law or under advice thereof, the undersiKnecl agrees to pay all costs of collection. ~ irzcluding reasonable attorney's fees and court costs to the extent permitted b~~ Florida law. ~ ~ The undersigned and all endorsers or other parties to this note jointly and -severally transfer, convey and ~ as~ign to the Holder a sufficient amount of such homestead or esemption as may be allowed. including such h~mestead or exemption as may be set apart in bankruptcy. to pay this note in fuli, ~~~ith all costs of collection, and do hereby direct any trustee in bankruptcy having posses,ion of such homestead or exemption to deliver to the Holder a sufficient amount of property or money set apart as esempt to pay the indebtedness evidenced hereUy, or any renewal thereof, and do hereby, jointly and se~•erall~, ap~wint the Holder the attorney in fact for each of them, to claim a~ and all homestead exemptions alloK•ed by law. a A first mortgage for the seCurity of the aforesaid indebteclness is retained by OUTI)OOR RESORTS OF Y :~~1ERIC~, INC., on Lot No. 7~J~ that certain Condominium known sa OUTDOOR RESORTS AT NETTLES I~I.A:~'T), and on any improvements, fixtures or after acquired prnperty added thereon, as shown by plat re- ~ r~~rded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16~ page 1:1A ~ throu~h 1J. BOOK~~B PAGf1~,~$~ ~ - - I ~ - y f . s ` ~'"y~ t ~ ~ ~i~""~K._z'~,~`~'~'~~"'~~s_r~-.~.~....~, .,_._h_, . _ ,~"~a.. . _as