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Home My WebLink About1351 t ` "'~"~•~J7 -a.~ Jv R . . . > ' ~ ON p~ IN PAYp , ~ , '~C' INTAqG18lE P£ , . ~ T/~ ~ L• 2863s0 M O R T G A G E p~~R,r, ~ ~4. ~ ~(:E3 19/1. ~ Go ~IC /~o~rr-~ !/d dfClc' ~es~~ r ~0f~c .w,rlq~ E!z1tt!~_~ ~ ff • ~-1'~ ~ i h~• murt~;.~~;or. in cansiderx~ion of the principal sum specified in the promissory~ note he~reafte~~~re- ~ rr!\'E'l~ CIY?Ill OUTDOOR RF.SORTS OF ADIERICA. ING., a corporation orgnnized and existing under the Lav?s ! ~~i the State oC Tenne..~e~ the Mortgagor. hereby on this__?~-day of~rG /t'v°~ . 19 yy. m~~rt~,?a~,?c. to the ltortgagee the real property in St. Lucie Count~. Florida. described as: ' Lot No.~~~~ in th~t certain condominium kno~~n as OUTDOOR - RESORTS OF AbiERICA AT Nk.'TTI.ES ISLAND, us shown Uy plat recordecl in the Office of the Cireuit Court in and for St. Lucie County~ Florida, in Plat Book 16, page 1:1A through 2J. ~ _ _ _ THIS IS A PUftCHASE i10NEl' ~iORT(:4GE ~ ~ ~ a. .c~uritt• for the payment of the promissory note of which the follo~+ing is a copy: ~ ? ~ Instaliment Note and Disclosure Statement ~ 4~18~ _ QO S t. Luc ie County , Florida ~ 2 e ~l~~~ 19Zy ` F~?r ~'alue Recei~•ed. l. ~+e or either of us promise to pay to the order of OUTDOOR RESORTS OF .-~~I~:I~I('A. INC., P. O. Box 1116, JeNine thousand aone45hu~idred e~ghty as the holder hereof may ~i~~~i~.•nst~ in ~~•riting, the s«m of_ _ & ~9 ,180 .00 ~ Dollars. t!~i: .um l~ein~,• the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ~~iI~RGE on the amount financed, payable in -60- equal consecutive monthly installments of : 153 .00_-- _ each, and the first installment to become pdyaUle on the ~ s r day oi ~a 1~ . , 1~? 7 y, and one siich installment to become due and pa~ able on the_ _~s ~ day of each succeeding month j ~.n~tit the ~rhole of said indebtedness (Total of Payments) is paid. In the evert of prepaym~nt in full by cash ; ~ ::t ;c~rc the fina4 in~tallment date, the unearned portion of the FINANCE CHAPGE shall be rebated under i ; the Rule of i8's. ~ In the erent of default in the due and punctual payment of any instaliment on this Note for a per:od of ti>>rt~ (30) da~-s, or if any statement. representation or ~arranty in any application for the credit evidenced i~~- this I`'ote is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT "i'~IE PRIOR ~~''RITTEN CO\TSE\T OF THE HOLDER HEREOF, SHAI.L SELL, ENCUMBi:R (EXCEYT ~ i-'nR A\'1' 1110RTGAGE ~'~'HICH 1S SECURITY FOR THIS 1'OTE) OR OTHERWISE DISPOSE OF OR EN- j ('t'MBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PEft:~tIT OR SUFFER ANY LIEN TO S F~:.l"IST ON THE REAL PROPERTY PURCHASED BX THE UNDERSIGNED AND FINANCED THRUUGH ~ 'I'fIE CREDIT EVIDENCED BY TH1S ~10TE or in the event of the incoinpetency, insolvency (howsoever f~.~idenced) or bankruptcy of anyone or more of the undersigned. then the entire remaining indebtedness then ~I~~e shall become immediately ciue and payable at the opti~n of the holder hereof w:thaut demand~ presentment ~~r notice of any kind. Any failure of holder to esercise said option shall not constitute a wai~~er of the right t~ exercise the same at any other time. Time is of the essence of this Note. In the e~~ent any installment is not paid when due or within ten ~la~•s thereafter, the holder may collect, and the undersigned agrees to pa~• a late charge on such_installment in :~:i amount equal to 5`,'~ of such installment or $5, whiche~•er is less, an~i in the event this Note is collected by I<?.~• or through an attorney at laK or under advice thereof, the undersi~;ned agrees to pay all costs of collection~ ~ inciudin~ rea.sonable attorney's fees and court costs to the extent permitted by Florida law. ~ ~ The ~ndersigned and all endorsers or other parties to this note jointly and severally transfer, convey and a~~ign to the Holder a sufficient amount of such homestead or exempt~on as may be allowed, iucluding such hnmes[ead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of collection, an~ do hereby direct any trustee in bankruptc3 having posse,~ion of such homestead or exemption to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced t~ereb}, or any renewal thereof, and du hereby, jointly and serer~ell~. appoint the Holder the attorney in fact for each of them. to claim ar~~ and all homestead exernptions xllo~ced b~• laK . A first mortgage for the s urity of the afuresaid indebtedness is retained by OL'TDOOR RESORTS OF ~`tERICA, 1NC., on l,ot I~o.~n that certain Condominium known as OUTDOOR RESORTS AT NETTLES ISI,A`'I), and on any improvements, fixtures or after acquired property added t6ereon. a., ~hown by plat re- c~~rded in the Office of the Circuit Court in and for St. I.ucie County, Fiorida, in Plat Book 16, page 1:1A through 1J. aoo~ 2`~9 PA~?1350 - - - - - - - _ _ - ~F-~ . _ ,.s,~ ~M_~: ~