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Home My WebLink About2205 , ~ ~ - . ' ~J ~ ~ M O R T~G A G E~ ~84'760 ` Bp2~r~I~. Hant e& li~ e F.~snla the m+?rt~?agur. in consideration of the principal sum specified in the promissor~~ note hereafter descril~ed. re- ~~~•i~~~~d fn~m OliTn00R RF.SORTS OF AMERICA. INC.. ~ corporation organizec# and existing under the Laws ~~t the titate of Tennessee. the Mortgagor~ hereby on this_~~__day of ~reh , 19~4_, n~~~rt~:a~,~e~ to the Mortgagee the real property in St. Lucie Count.y, Florida, described as: I.ot No1090~II---in that certain condominium kno~~n as OUTDOOR RESORTS OF AMERICA AT NE'[TLES ISLAND, as sho~vit by plat ~t3~ recorclecl in the Of~'ice of the Circuit Court in and for St. L~uc~ieD County, cu~~XEp Florida, in Plat Book 16~ page 1:1A through 1J. ~ ~ THIS IS A PURCHASE r10NEY \IORTGt~~~~~- tM PAYMEyT pF T ~.~r,IB[E ~E.;~~M AXES a:.c~t~rity for the pa~ment of the promissoiy note of which the following is ~ copy:T~ »_13~ ~jS ~ iYoiER~r, R06ER Apli(~,q installment Note and Disclosure Statem~r~~"'T sr St. I+uCie COUntY , Florida ; 17s237.76 i~~larch 5, 19]~ F~~r ~'alue Received, I, w•e or either of us promise to pay to the order of OUTDOOR RESORTS OF :~~S~:RI('.~, INC., P. O. Box 1116, Jensen Beach, Flor ida, 33457, or any other place as the holder hereof may Seventreen thousa~ ~ h~~ed tbirty- Dollars, ~lr:i~,~nate in «ritinfi, the sum of _ t}~i. .um 1,eing the Total of Payments referred ~isc s tatement below, which includes a FINANCE ~~fIARGE on the amount financed. payable in -96 - equal consecutive monthly installments of ~1Z2.5C__----- each. and the first installment to become payable on the.~~-day of_1rlSy . 1~_74 and one such installment to become due and payable on the____18~-day of each succeeding month u~~til the ~~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash - ~~~~fore the final instaltment date. the unearned portion of the FINANCE CHAAGE shall be rebated under ~ the Hulc of 78's. ~ In the e~ent of default in the due and punctual payment of any instaliment on this Note'for a period of ~ tt~irty (30) days. or if any statement. representation or warranty in any application for the credit evidenced this I~'ate is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT ~ Tf~E PRIOR ~'VRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL~ ENCUMBER (EXCEPT ~ F'nR ANY MORTGAGE ~'VHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- c'UMBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO E.l'IST ON THE ftEAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH T~~E ~ CRF.DIT 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 ci~~e 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 h'ote. In the event any installment is not paid when due or within ten days thereafter, the holder may collect. and the undersiKned 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. includinK reasonable attorney's fees and court costs to the ertent permitted by Florida law. ~ The vndersigned and all endorsers or other parties to this note jointly and se~~erally transfer, convey and ~ assign to the Holder a suflicient amount of such homestead or exemption as may be allowed, ihcluding such ~ h~mestead or exemption as may be set apart in bankruptc~•, to pay this note in full, with all cost~ of collection, ~ ~ and do hereby direct any trustee in bankruptcy having possession of such home~tead or exemption to deliver to ~ the Holder a suflicient amount of property or money set apart as exempt to pay the indebtedness evidenced ~ hereb3•, or any renewal thereof, and do hereby. jointly and sererally, appoint the Holder the attorney in fact for each of them, to claim a~ and all homestead exemptions allo~+•ed by la«. A first mortgage for the security of the aforesaid indeLtedness is retained by OUTDOOR RESOKTS OF Y a1'[ERICA, INC., on Lot Nd.09~i~i that certain Condominium known se OUTDOOR RESORTS AT NETTLES ISI.AtiI), and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- rorded in the Oflice of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A - throu~*h 1J. ~ooK~ P~22~ _ - - - - ~ ~ _ - ~ ` _ _ . ~-____~~r_... _