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Home My WebLink About2608 ~ - v-- G ~ ~ - ~ - - - v ~ ~5"~~~` 30~i85 ~ : - ~ . `~.l,r MORTGAG~~` ~ - r /1/~8~t~ar_ ~ ~ /`l~•vo~e~ ~ a ~vd ~''vo~v ~Yi~, ~f d N ~e~.~ , F~ ) ~ ±t~~~ nu,rt~,?agur, in consideration of the principal sum specified in the promissory note hereafter described. r~ ~ ~~~•i~-cd from OUTDOOR RF.SORTS OF AMERICA. INC.. a corporation organized and existing under the Laws f t he State of Tennes~ee, the Mortgagor, hereby on this ~~___day of De e~~, ~ r,~' 19~, rn~~~•t~,?a~,•e. to the ~iortga~ee the real property in St. Lucie County, Florida, described as: y~ oa. o~ - o~~~- ooo/~ Lc~t No. qr ~n that certain condominium known as OiJTDOOR RESORTS F AMERICA AT NE1"fI.ES ISLAND, as shown by plat rec~rded in the Oflice of the Circuit Court in and for St. County,2 Florida, in Plat Book 16~ page 1:1A through 1J. , .~.3`f R. p _.:S ~N ~1'!'E!R pF ••r THIS IS A PURCHASE 11iONEY MORT(:A~?ytf Tp p~,E,~j~ : :1~ securit~• for the pa~•ment of the promissory note of which the following is a~:~AOGER R~ s~ 1y~1~r/~ 4 COUAT. Sf, fJ1C1E Cpy F~, , Instoliment Note and Disclosure Statement ° / I ~ (~Q . ~ 1 ~t~•~•v^ , Florida - ~ ~ a ~C~P C R _ 19 7~l F~~r Value Received, I. ~+•e or either of us promise to pay to the order of OUTDOOR RESORTS OF :1 ~iH:RICA, INC., P. O. Box 1116. Jensen Beach, Flor ida, 33457~ or any other pl~c as the holder hereof may ~i~~:i~,~nzte in ~vriting, the sum of~a~.~~-.~1L_•~~/ J,d~~ 0(~oQ.s~o~) Dollars, tt~i. ~um bein~,• the Total of Payments referred to in the Disclosure State t below, which includes a FINANCE ~~HARGE on the amount financed. payable in___ Zd equal consec:utive monthly installments of ~~~LI•~~_ each, and the first installment to become payable on the ~ s t-day of /la R~ ~S ~ , 19 7 y., and one such installment to become due and payable on the-_ ~ S~ day of each succeeding month = until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash '~f~fore the finai instaliment date, the unearned portion of the FINANCE CHARGE shall be rebated under ch~~ Rule 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 s c t~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced ` ~ t~~- this h'ote is found to be untrue in any material respect, or in the event THE UNDE~tSIGNED~ WITHOUT ~ ~rtlE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ ~'OR A:~Y MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~ c 1~DiBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ ' ~:YIST ON THF REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ "I'IiE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ' 3 c~~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ ` ~lue 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 Haiver of the right ~ to exercise the same at any other time. ~ = Time is of the essence of this I`Tote. In the event any installment is not paid when due or within ten ~ ~ clays thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in ~ - <~n amount equal to 5~. of such installment or $5, whichever is less, and in the event this Note is collected by i la~v or through an attorney at law or under advice thereof~ the undersigned agrees to pay all costs of collection,~ i?lcluding reasonable attorney's fees and court costs to the extent permitteci by Florida law. : - The undersigned and all endorsers or other parties to this note jointiy and severally transfer, convey and a~si~?n to the Holder a sufficient amount of such homestead or exemption as may be allowed, ancluding such~ homestead or exemption as may be set apart in bankruptcy, to pay this note in full, v?ith all costs of collection, and do hereby direct any trustee in bankruptcy having possession of such homestead or exemptiop to deliver to ' the Holder a suflicient amount of property or money set apart as e~empt to pay the indebtedfiess evidenced hereby, or any renewal thereof. and do hereby, jointly and se~•erally, appoint the Holder the attorney in fact for each of them, to claim at and all homestead exemptions allu~~•ed by law. - A first mortgage for the security of the aforesaid indebteciness is retained by OUTDOOA RESORTS OF ~ ~+,1iF;RICA, INC., on Lot No. ~ 1~ in that certain Condc~minium known as OUTDOOR RESORTS AT NETTLES i ' iSI,AtiD. and on any improvements, fixtures or after acquired pmperty added thereon, as shown by plat re- ~ cc,rded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A ~ throu~?h 1J. iOQ~(~~ / ~A~iF~,~Os ~ . ~ ~ , ~ : ' - ~ ~~"c~~'~°-~~~~~.__~..__ ..._s_ ~ . . ~ . ,..w.-.'~c.«~.~r~