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Home My WebLink About2301 g ~ . . . w _ . -y+~,, , . ~ . • ~ _ ~ ,0~~9 MORTGAGE ~_S_ EQNST ~ C~ ~QeI M. EQUST ~I~~s wi~~ ' ~ the mort~,•aKor, in consideration of the principal sum spe ified in h~e promissor~~ note hereafter descril~ed. re- ~ ~•~~i~•eci from OUTDOOR RF,SORTS O~ AMERICA. INC., a corporation organized and existing under the Laws ~ ~ ;~f the State of Tennessee. the Mortgagor, hereby on this___~{o__day of_ ~ 19~~. n~~~rtg~i~,•e. to the Mortgagee the real property in St. Lucie County. Florida, desc bed as: ~ Lot No._5~=[_in that certain condominium known as OUTDOOR ; RESORTS OF AMERICA AT NETTLES ISLAND, as sho«n by plat ~ ; recorded in the Oflice of the Circuit Court in and for St. Lucie County, f ~ Florida, in Plat Rook 16, page 1:1A through 1J. THIS IS A PURCHASE ~iONEY ~lORTG~+IGE a: .ecurit~• for the payment of the promissory note of which the following is a copy: - Ir~stallment Note and Disclosure St~tement - , 9 943 .68 ~ St . Lucie County , Florida ~ ~ ~ n~~ a L. 19~ ~ F~~r ~'alue Recei~•ed. I. He or either of us promise to pay to the order of OUTDOOR RESORTS OF ~ a .-\~I~;ItI('A. I1'C., P. O. Box 1116 Jensen Beach, Florida, 33457, or any other place as the holder hereof may ; ~1ine thousand nine~ hundred forty-three : ~1~•:i~.~nate in ~+•riting, the sum of ______~_68_ ln_U _ (9,.943.68~ Dollars, < =,r~i: s~~m l,eing the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE Y ~ ~~IIAR(:E on the amount financed. payable in~___ '96' equal consecu~rtiTe monthly installments of - ~ 103 . 58 _Qach, and the first installment to become payable on sh~e-~ ` day of-s • , > iS~ 7~_, and one such installment to become due and payable on the__~- day of each succeeding month 3 ~;~~til the ~~~hole of said indebtedness (Totai of Payments) is paid. In the event of prepayment in ful! by cash }~~~f~~re the fina} installment date, the unearned portion of the FINAI`CE CHARGE shall be rebated under cht~ Rnle of 78's. In the e~•ent of default in the due and punctual payment of any installment on this Note for a period of tt~irty (30) days, or if any statement, representation or ~arranty in any application for the credit evidenced E~~- this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED~ WITIiOUT 'I'HE PRIOR ~VRITTEN GONSENT OF THE HOLDEK HEREOF, SHALL SELL, ENCUMBER (EXCEPT ; F'(~R ANY MORTGAGE WHICH 1S SECURITY FOft THIS :~'OTE) OR OTHERWISE DISPOSE OF OR EN- i ~ c'L':~TBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ f~:.l'1ST O;~' THE REAL PROPERTY PURCHASED BY THE UNDERSI~NED AND FINANCED THROUGH ; "I'FIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency. insolvency (howsoever " ~ e~•iclenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ ~ ciue shall become immediately due and payable at the option of the holder hereof without demand, presentment g ~~r notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right # ~ tn 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 ~ ' ~la~•s thereafter, the holder may collect, and the undersi~ned dgrees to pay a late charge on such installment in = _ ~~n amount equal to 5~~ of such installment or $5, whiche~•er is less, and in the event this Note is collected by Y = la«• or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection~ i?~cludinR reasonable attorney's fees and court costs to the extent permitted by Florida law. z The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and ~ a„i~.?n to the Nolder a sufficient amount of such homestead or exemption as may l~e allowed, including such 4 homestead or exemption as may be set apart in bankruptcy~, to pay this note in full, with all costs of collection. ; and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to del'ever to ~ the Holder a sufi'icient amount of property or money set apart as exempt to pay the indebtedness evidenced ~ hereby, or any renewal thereof. and do hereby, jointly and sererall~~, ap~int the Holder the attorney in fact for ~ = e.?ch of them, to claim ai.~~ and all homestead exemptions allu~~-ed b~~ IaK•. ~ ~ ~ A first mortgage for the security of the aforesaid indeLtedness is retainecl by OUTDOOR RESORTS OF ~ Y ~II~;RI('A, INC., on Lot No.~n that certain Condomi:~ium known sa OUTDOOR RESORTS AT NETTLES ~ I~I,~\ D, and on any improvem nts, fixtures or after acquired property added thereon, as shown by plat re- } ~ r~~rded in the Oflice of the Circuit Court in and for St. Lucie County, Fiorida. in Plat Book 16, page 1:1A ~ - thruu~;h 1J. ~ aoox235 Pacf2~ ~ ~ , ~ ~ ~a~.._ __e__~ _ . ~ ~ ~ _