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Home My WebLink About2296 G / ~ ~ r ~ ~ - , . p ~9 ~ MO RTGAG E /"~tc. acl Lotia ~wr2~)- ~~~e~. ~r Loti fi~/.F the mort~,?agor. in consideration of the p incipal sum specified ~n the romissor~• note hereafter descrit,ed~ re- ~•~~i~•ed from OUTDOOR RF.SORTS OF AMERICA, INC., a corporation organizeci and existing under the Laws ~~f the State ~~f Tennessee~ the Mortgagor, hereby on this __-day af-_ _ , 19 ~ ~ nz~~i•t~:~~,?e. to the Diortgagee the real property in St. Lucie County. Florida. descriUed as: t~ _ Lot No._._~~~.~ in that certain condominium kno~~ n as OUTDOOR RESORTS OF AMERIGA AT NE'1TLES ISLAND, as shown by plat recorded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16~ page l:lr1 through 1J. THIS IS A PUftCHASE DiONEY iIORT(~A(~E securit~• for the payment of the promissory note of which the follo~~ing is a copy: Installment Note and Disclosure Statement ~ ~~f~~9S. ~o~ c~u~- n~u-'K~/ .,Florida ~9~ F~?r ~'alue Recei~•ed, I, He or either of us promi~e to pay to the order of OUTDOOR RESORTS OF :1 ~tERI('A, I1~'C., P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place as the holder hereof may ~ ci~~~i~nate in ~~ritinfi, the sum of ~C(1!L'i~v',12ct~,Y~1'I1~i;~Cd/~~ d~ (l,~~G,9Sbk ) Dollars, t}~is ~um bein~? the Total of Payments referred to in the Disclosure Sta ement below, which includes a FINANCE c'HARGE on the amount financed. payable ir~=_~__~__ equal consecutive monthly installments of ~ l~f each. and the first installment to t,ecome payable on the -day of ~~c~dPh 3~17~_, and one such installment to become due and payable on the-_ day of each succeeding month «»til the whole of said indebtedness (Total of Payments) is paid. In the event of~ prepayment in full by cash t~c~fore the final installment date, the unearned portion of the FINANCE CHARGE shall be rebated under ~ the Rule of 78's. E L~ the e~ent of default in the due and punctual payment of any installment on this Note for a period of I thirty (30) days, or if any statement. representation or warranty in any application for the credit evidenced ~ t~~• this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED. WITHOUT ~ ; TF~E PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ I~'OR ANY MORTGAGE WHICH 1S SECURITY FOn THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- € ('UMBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ H:,l'IST ON THE REAL PROPERTY PURCHASED BY THE UNDEr~SIGNED AND FI1V'ANCED THROUGH ~ TtiE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ~ evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then g ciue 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 11~'ote. In the e~ ent any instaliment is not paid when due or within ten ; days thereafter, the holder may collect, and the undersi~ned agrees to pay a late charge on such installment in Y k an amount equal to 5`'/ of such instaliment 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 undersik?ned agrees to pay all costs of collection, = includinR rea.sonable attorney's fees and court costs to the estent permitted by Florida law. - ~ : The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and ` assi~*n to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such ~ homestead or exemption as may be set apart in bankruptcy, to pay this note in full, ~vith all costs of collection, ~ and do hereby direct any trustee in bankruptcy having posses~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 ~ hereby, or any renewal thereof, and do hereby, jointly ancl severalh~, appoint the Holder the attorney in fact for , A each of them, to claim ar~~ and all homestead exemptions allo~vecl by law. ~ _ ; A first mortgage for the security of the aforesaid indebteciness is retained bS~ OUTDOOR ftESORTS OF ~ ~HERICA, INC., on Lot No.J1s~,~.in that certain Condominium icnown sa OUTDQOR RESORTS AT NET"I'LES ~ ISI,AND, and on any improvements, fixtures or after acquired ~property added thereon, ag shown by plat re- ~ corded in the Office of the Circuit Court in and for St. Lucie ('ounty, Florida, in Plat Book 16, page 1:1A _ through 1J. 4~0~~ ~ ` ? ~ _ I ~ J ~ _ _ ; ` , ~ ~ _ : , . - - - < - - - - - , _ ~ . _