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Home My WebLink About2662 '---~~aE- ~ S.4 ~ C.-~~" n q~ y f~ -r ,.-+a ~ f~~~:li)SO ~v( e jOR MOR~TGAGE - ~ ~Iss" ~vvc~~ ~crr~ ~rr- c~_~ s~ - : ~ht~ lllul't}Cil};OC, u~ consideration of the principal sum spec~fied in the promissor~• note hereafter descrihed. re- ! ~-ri~•eci from OL'TDOOR RF.SORTS QF AMERICA, INC., a corporation urganiz~~uia existing under the Laws ~ ' ~~t the St.?te of Tenne~see. the Martgagor~ hereby on this____~ day af___ J U~'~ , 19~ ~ m~~ i• t~ i i}(CS to the ~iort ga gee the real property in St. Lucie Cuunty, Florida, described as: ~ -tr ~ Lot No.__~-~ J_in that certain condominium kno~~n as OUTDOOR ~ sT~py RESORTS OF AbiER1CA AT 1~'F.TTI.ES ISLA\ D, as shown Uy plat FtJ?. OoC~ recordeci in the OfFce of the Circuit Court in and for St. I.ucie unty. ~ Florida, in Plat Rook 16. page 1:1A thmugh 1J. ~ ~ t THIS IS A PUftCHASE ~IONEX i~10RTGAGE ~ ~ •ecurit~• for the payment of the promissory note of which the follo~cing is a copy: ~'~/e~~~ly~„ ~F =k!' lnstallment Note ond Disclosure Statement "'~~~~Po~~s¢~~~~'~ ; 1~~~~~ - St . Lucie County ~ ~ ' - J c~ urJ-Q 19 ~ c. F~~r ~'alue Recei~•ed, I. ~~~e or either of us prumise to pay to the order of OUTDOOR RESORTS OF ; :~~IE~:hI('A, I1`C., P. O_ Box 1116, Jensen Beach, Florida, 33457, or any the place as the holder hereof may ~ Seventeen thousand t~wo hunc~red 17 237.7 ~ ,1~•:i~,*nate in ~~•ritin~;. the sum of _~}~~ty=-seven &-_7~ ~ nn ' ~ Dollars. ~ thi: ,um bein~? the Total of Payments referred to in the Disclosure Statement Uelow. which includes a FINANCE ~ ~~ltaRGE on the amount financed, pa~able ir?__.___ -96 _____~-equal consecutive monthly installments of ~ ~ 179 . 56 _____each, and the first installment to become payable on _ the~__day of~ ~ V s~ , i 1 S~7 , and one such instailment to become due and pa~ able on the-l~day of each succeeding month I, until the ~vhole of said indebtedness (Total of Payments) is paid. In the event of prepaS~ment in full by cash ~ i~t~i~n-e the tinal installment date, the unearned portion of the FI:~ANCE CHARGE shall be rebated under ~ the Rule of 78'c. 4 x ~ In the e~•ent of default in the due and punctual pa~•ment of any installment on this Note for a period of i ~ T}~ii•t~• (30) days, or if any statement, representation or warrant~• in any application for the credit evidenced i t~~~ thi. Note is found to be untrue in an~ material respect, or in the event THE UNDERSIGNED, WITHOUT I'(iE PRIOR «'RITTEN GONSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBER (EXCEPT ° I~'nR A:v'Y MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHEft«'ISE DISPOSE OF OR EN- t't'~;iBER OR CObi;1'IIT ANY BREACH OF THE hiORTGAGE OR PERMIT OR SUFFER ANY LIEN TO I~,~IST OI~' THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH - "I'}IE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever - t~~~idencecl) or bankruptcy of anyone or more of the under.igned, then the entire remaining indebtedness then clue shall become immediately due and payable at the option of the holder hereof ~ithout demand, presentment ~ ~~r notice of any kind. Any failure of holder to e~ercise said option shall not constitute a waiver of the right ~ i~ exercise the same at any other time. ~ ~ Time is of the essence of this Note. In the e~ent any in~tallment is not paid when due or within ten ~ ~ cia~•s thereafter, the holder may collect, and the undersi~,?ned agree~ to pay a late charge on such installment in ~ ~~n amount equal 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 thereof, the undersigned agrees to pay all cost,s of collection, ~ includin~ reasonable attorney's fees and court costs to the extent permitted b~~ Florida la~. ~x The undersigned and all endorsers or other parties to this n~?te jointly and se~erally transfer, convey and a~si~n to the Holder a sufl'icient amount of sueh homestead or exemption as may be allowed. including such ~ hnme~tead or exemption as may be set apart in bankruptc~•, to pa~• this note in full, ~~ith all costs of collection, ; ~ ard do hereby direct any trustee in t,ankruptcy having posse~sion 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 hereby, or any renewal thereof, and do hereby, jointly ~u~d ~e~~erall~~, appoint the Holder the attorneq in fact for ~ each of them, to claim ai: ~ and all homestead exemptions alluti•ed i,y la~•. ~ A first mortgage for the security of the aforesaid indel,tecin~,~ is retained 1~y OUTDOOR BESORTS OF ~ :~~iFRiCr1, INC., on Lot No.~~ in that certa;n Condominium known aa OliTDOOR RESORTS AT NETTL~S - ;~[.A\'D, and on any improvements, fixtures or after acyuired property added thereon, as shown by plat re- ~~~,rded in the Office of the Circuit Court in and for SE. Lucie ('ounty. Florida, in Plat Book 16, page 1:1A ~ throu~?h 1J. ~ i~Y~ BGtk1K~~U P.1GE~s~ . - - - - - - - - ~ ~ ' , , ~ ` ,?.v sc..~'t-?xC~".,.1,.~.-~'~._.~.3_ f_~ s'..._.. _ ~,.x'F;.~a