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Home My WebLink About2658 C!~ ~ ` . ~ . , ~ Z -f ~ t i ~ . MORTGAGE ~893~'~ , /~A~ R R_~___/ _ ~ w: .~rGs - -~f ~.'.,i A _T~~ ~ s c},t~ n,~u•t~ngor, ~n consideration of the principal sum specifieci in the promissor~• note hereafter descril~ed. re- ~•~•i~•ed f~ti~m OL:TnOOft RESORTS OF ADiERICA. INC., a corporation or~;anizeci and eri~ting under the Laws the State of Ten~ies,ee, the Mortgagor, hereb~ on this_ 1I __day of_ L---- , 19Z~ nu~rtga~;e. to the 1~iortga~e~ the real property in St. Lucie Count~•, I~'lorida, de~cribed as: Lot 1\o.[j~~~-in that ce~•t~iin condominiom kno~cn as OUTDOOR RESORTS OF AMFRICA AT NETTLES ISI.AND, as shoHn by plat ~ recorded in the Of1'ice of the Cirruit Cuurt in and foi• St. l.ucie County, ~ rV~~~ Florida, in Plat Book 16, ~~ge 1:1A thmu~h 1J. ~ i . 1,. o~~~~' THIS IS A PURCHASE ~f0\E7i ~fORTGAGE ~al?C(~~,~NT ~~'1M ` PY ~ MrGfB~;'~a~~~~ Of Tj~ a. security for the pa~~ment of the promissor~ note of ~tihich the follo~vin r is a co~~T ~0 p~~!~ ~ r:.. . ~C: s OF I91~ry`; Instailment Note and Disclosure Statemenf'~ ~'~?~i ~,~,;,~;';'A~y ,,,<< ~ ~~,,E ~ ~ ; ~ 10 Q8 . 00 . _ S t~11~3.P C o~tT . Flori d~ ~ ~.~-~t--~-_- 19~~ £ x F~n• ~'alue Recei~~ed, 1, ~~•e or either of us pr~~mise to pay to the order of OUTDOOR RESORTS OF :1 ~tI~:I~I('~. INC., P. O. Box 1116, Jensen Beach Flor ida, 33457. or any other place as the holder hereof may - Ten thousanc~ six hundred & eight ~ lU ~608 .0~ Dollars. ~l~~;i~nate in ~~•ritin~?, the sum of 04~~AA--------- thi: •um i,ein~,• the Total of Payments referred to in the I)isclosure Statement~below. which indudes a FINANCE ~~}I aKGE on the amount financed, pay~able in_____ -9~2-_ _ equal consecutive monthly instaliments of ' ~ ; 1~0 . SQ_ _-each, and the first installment to become payable on the~__day of , ! 1!1 7~j, and one ~uch installment to become due and pa~able on the__.~-_-d~y of each succeeciing month ~ ~~ntil the ~~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash l !;~~f~~re thc hnal inetallment date, the unearned portion of the FItiANGE CHARGE shall be rebated under ~ thc~ }t~~le of i8's. i ~ In the e~•ent of default in the due and punctual paSment of any installment on this Note for a period of ~ r.'~ii•t~• (30) da~•s, or if any statement, representation or ~•arranty in any application for the credit evidenced 6 t~~- this ti'ote is found to be untrue in any material respect, or in the e~ent THE UNDERSIGNED, WITHOIJT ~ "I'1iE PRIOR ~t'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ I'~1R ANY MORTGAGE ~VNICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OA EN- c'U11KER OR COMMIT A1~Y RREACH OF THE MORTGAGE OR PERhiIT OR SUFFER ANY LIEN TO i~:.l"IST ON THE REAL PROPERT~ PURCHASED B~' THE U\DERSIGNF.D AND FINANCED THROUGH "i'fiE C'REDIT EVIDEh'CED BY TNIS NOTE or in the e~~ent of the incompetency, insolvency (howsoever f~~~idenced) or bankruptcy of anyone or more of the under~igned, then the entire remaining indebtedness then ~iue 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 e~~ent any installment is not paid when due or within ten ciays thereafter. the holder may collect, and the undersi~*ned agree~ to pa~• a late charge on such installment in .~n amount equat to 5'i~ of such installment or $5, whiche~ er is less, and in the event this Note is collected by la« or through an attorney at law• or under advice ihereof, the undersigned a~rees to pay all costs of collection, - inrludin~? reasonable attorne3~'s fees and court costs to the e~ctent permitted by Florida la~e. The undersigned and all endorsers or other parties to thi. note jointly and ~everally transfer, convey and ~ a~~i~:n to the Holder a sufficient amount of such home~tead or exemption as mas~ be allowed, including such ~ h~~me~tead or exemption as may be set apart in hankruptc~~, to pay this note in f~ill, with all costs of collection. ~ and do hereby direct any trustee in bankruptcy having po~se~.ion of such homestead or exemption to deliver to ~ the Holder a sufficient amount of property or money set ai~art as esempt to pay the indebtedriess evidenced ~ here}?y, or any renewal thereof, and do hereby, jointly and se~•erall~•, apj~oint the Holder the attorney in fact for Jst=3 ' each af them, to claim a~:~~ and all homestead exemption~ allo~~•ed by la«•. ~ ~a A first mortgage for the security of the aforesaid indel,tcclne,s i, retained h~• OL'TDOOR R~ESURTS OF ~ A~iP:RI('A, INC., on Lot :`'o/~~hat certain Condominium known a8 OL'TDOOR RESORTS AT NETTLES ~ I~I,~~I~, 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 ('ounty, Florida, in Plat Book 16. page 1:1A s~ tnrough 1J. ~ E : R~, ~~U PAGF ~~7 ~ - - - - - - - - - - d' k ` ~;~te ~ ~ , . _ _ ~ ~ f ~ Wv~~_~~~.