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Home My WebLink About0035 z,~ ~4 + ~Y~ ~ ~ ~ 291'~3 RTGAGE ~ ~ l M ~0 . K C~~_~1P~__C' G Pq T.~ e-- rt~e murtg~t~ai•. in c~nsideration of the principal sum s ified in the promissor~• note hereafter described. re- ~•~~i~•ed from OUTDOOR RESORTS OF AMERICA~ INC., a corporation organizecl and existing under the I.aus ~~t' the St.ite of Tem~essee. the Mortgagor. hereby on this~__~day of_-~L'~ ` , 19?~ m~rrt~?a~,•es tu the Mortgag"ee the real property in St. Lucie Count~?. Florida, describ~as: ~ Lot Na~3_~--!_in that certain condominiu~n kno~vn as OUTDOOH RESOBTS OF AMERICA AT NETTLES ISLA;~D, ais shown by plat ' recorded in the Office of the Cireuit Court in and for St. Lucie County. Florida. in Plat Book 16. page 1:1A through 1J. ~EA~ED THIS IS A PURCHASE 110NEY 110RT(~A(:E ~d ~`'~''CK~~WO!~v ~~~~fx' a•` T ~lKf i0 'E : r•J .ecurit~• for the payment of the promissory note of which the follon~ing is a copy: ~~~~"3 ~,3,~ Installment Note and DisclosureStatement°~``~i°°a'~~~oa~` 1Q~ St Lucie .o m.y , Florida 19~ F~r Value Received. I, ~~e or either of us promise to pay to the order of OUTDOOR RESORTS OF :1 ~1F',RI('A, INC., P: O. Box 1116. Jensen Beach, Flor ida, 33457~ or any other place as the holder hereof may ,i~~~i~?nate in ~~•riting, the sum ofSPn thn~iSand six_hundr'ed ~~gYL~_~00/lOQ1(1r.~i.(18_ ~n Dollars, i: .um bein~,~ the Total of Payments referred to in the Di,closure Statement below. which includes a FINANCE ~ ~ ~ I 3 aRGF. on the amount financed. payable in-___~~_ equal consecutive monthly insta~llments of ; ~ 1 l[~ . 50__ - each, and the first installment to become payable on the~-day of_ . ~ 1~ , anci one such installment to become due and payaUle on the___~day of each succeeding month ; ;;~~tii the ~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in fuU by cash } ~ '~t•f~>re the finai installment date. the unearned portion of the FINANCE CHARGE shall be rebated under i f t h~~ Rule of 78'~. ~ k In the e~~ent of default in the due and punctual payment of any installment on this Note for a period of ~ ~ i}~i?•ty (30) days, or if any statement, representation or warranty in any. application for the credit evidenced i~~- this I3ote is found to t,e untrue in any material respect, or in the event THE UNDERSIGNED~ WITHOUT "I'tIE PRIOR ~'VRITTEN GONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT i~'OR A1~'Y MORTGAGE tiVHICH 15 SEGURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~'i'MBER OR COMMIT ANY RREACH OF THE-MORTGAGE OR PERbiIT OR SUFFER ANY LIEN TO , N:~IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AI~ID FINANCED THROUGH ' 'I'IiE CREDIT 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 S ~l~,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 exereise 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 any installment is not paid when due or" within ten ~ ciays thereafter. the holder may collect, and the undersigned agrees to pay a late charge ~n 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 undersi~ned agrees to pay all cost~Af wllection, - r ncludin~ rea.sonable attorney's fees and court costs to the extent germitted by Florida law. . ' ~ The undersigned and all endorsers or other parties to this note jointly and se~erally transf~. convey and ~ a~si~n to the Holder a sufficient amount of such homestead or exemption as may be allowed. ~tteluding such ~ h~~mestead or exemption as may be set apart in t~ankruptcy, to pay this note in full, with all cost~of collection, - ~ and do hereby direct any trustee in bankruptcy having possession of such homestead or esemption to deliver to r the Holder a sufficient amount of property or money set apart as esempt to pay the indebtednCess evidenced a hereLy, or any renewal thereof, and do hereby, jointly and se~~erall}•, appoint the Holder the attor~Cy in fact for ~n Pach of ~hem. to claim ai.~~ and all homestead exemptions allo«•ed b~• la~r. ~ ~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESOBTS OF ~ ~ 1N . on I.ot No. ~in that certain Condominium known as OUTDOOR RESORTS 'AT NETtLES tERIGA, C , 73~ ~ I~I,AtiD, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- c+~rded in the Oflice of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16. page 1:1A ~ through IJ. - ~ ~ ~ 600K PaGf ~ - ~ T:~ V ~ _ _ . ; ~ ~ ~ 5 ~n " ~ Y ~ ~~~~m ~ t~.~~~-rx + ~ ~y ~ ~a .r _~a_~.,~ ~ w. ~ , _ _ . _ ~ ' ~ : _ .r~~.