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Home My WebLink About2612 _.V__ ~ ~ l~ ' a~ • ~ / .5"-(c~ - . . _ _ : , ` < RECEIVED ~ IN PA1fMENT OF TIUtfS ~ - ` ~ 3Q4S88 ~ ~ g~ ~n, ~ ~ :`z ' ~ ~ M O R T G A G E ~ ~ ~ S ~ ~y~~. ; If'~n!Lf~_~'. l~rs ~''L.~..~~~_~_~.R `t~C'~.°9~r~1'` ` cht, mui•tg.~gor, in co~isideration of the principal sum spec~fied in the promi~.sory note hereafter described~ rc~ ~~:•i~•eci f~~m OUTDOOR RESORTS OF AMERICA~ INC.. a cor ration organized and existing under the Laws ~~f the State of Tennessee, R ~ the Mortgagor. hereby on thi,__ -_day of_~r~'~~~s~r~~ P~.. 19 ~ ! L . -~L. ; n~~~rt~,~a~,•e. to the Mortgagee the real property in St. Lucie ounty. Florida, described~s ~ ~5/SO? - S4/ - O 302 - p00/e'~ i Lot No.~1Lt~_in that certain condominium kno~~n as OUTDOOR ' RESORTS OF AMERICA AT NETTI.ES ISLAND. f~s shown by plat ~ recorded in the Office of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16~ page 1•lA through 1J. ~ THIS IS A PURCHASE ~IONEY 1110RTGAGE s :1: .ecurit~• for the payment of the promissory note of which the following is a copy: ~ Installment Note and Disclosure Stotement , 7~~~ ~~F ~ ~ , Floriaa 6 P~'~ 19 ~ ~ ~ For Value Recei~•ed, I, H•e or either of us romi~e to ~ p pay to the order of OUTDOOR RESOftTS OF ~ ~If~:RI('A. II`'C., I'. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place a.s the holder hereflf may ~ ~iF•.i~.rnate in writing, the sum o ~ ; ~;~-6iG~v ( • ) Dollars. ~i~i: :um bein~; the Total of Payments referred to in t e Disclosure State ent below, which includes a FINANCE 11 A HGE on the amount financed a able i ~J ~ . P Y n equal consecutive monthly ins llments of ~ ` f.~S ~ each, and the first installment to become payable on the~day of- _ ; f l~ 9e~'; and one such installment to become due and ~ ~ ~ payaUle on the-/__s-- _day of each succeeding month ~ i ~,r~t i l t h e w ho le o f sai d in de b t e dness ( To ta l o f Payments) is paid. In the event of prepayment in full by cash } ~ !~•fure the final installment date, the unearned portion of the FII`'ANCE CHARGE shall be rebated under £ ; r}~t, Kule of ?8 s. ; ~ In the event of default in the due and punctual payment of any installment on this Note for a period of ~ ~ r t~ i ~•ty (30) days, or if any statement, representation or warranty in any application for the credit evidenced ~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT T}IE PRIOR tii~'RITTEI~' COIv'SENT OF THE HOLDER HEREOF, SHALL SELL~ ENCUMBER (EXCEPT ` ~ i~'~>R A~'Y MORTGAGE WHICH 1S SECURITY FOR THIS rTOTE) OR OTHERWISE DISPOSE OF OR EN- ` ' ~'L'~iBER OR CODiMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO s I•;~;IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH . ~ "['EIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency~ insolvency (howsoever € «~~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ; ~iue shall become immediately due and pa~able 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 ~ tr~ exercise the same at any other time. s ; Time is of the essence of this Note. In the e~~ent any installment is not paid when due or within ten < <i~t~•s thereafter, the holder may collect, and the undersi~ned agrees to pay a late charge on such installment in ; an amount equal to 5~~ of such installment or $5, whiche~•er is less, and in the event this Note is collected by ; l.?«• or through an attorney at law or under advice thereof, the undersiRned agrees to pay aU costs of collection, ~ ~ i~~cludin~; reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ 3 ' The vndersigned and all endorsers or other parties to this note joinEly and severally transfer, convey and ;~~~i~,~n to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such h~~mestead or exemption as may be set apart in bankruptc~~, to pay this note in full, with al) costs of collection~ = r?nd do hereby direct any trustee in bankruptcy having posses~ion of such homestead or exemptiorS to deliver to the Holder a sufficient amount of property or money set apart ag exempt to pa~ the indebtedness evidenced ` hereb~•, or any renewal thereof, and do hereby, jointly and tieverally, appoint the Nolder the attorney in fact for t~~irh of them, to claim a~ and all homestead exemptions alloweci by Ia~c. ~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDQOR $ESORTS OF ; ' ~.tERIC'A, INC., on Lot No.j/G1Z in that certain Condominium known 8a OUTDOOR RESORTS AT NETTLES : I~I,AND. and on any improvements, fixtures or after acquired property added thereon. as shown by plat re- ~ ~~~~rded in the Oflice of the Circuit Court in and for St. Lucie County, Florida, in Plst Book 16, page 1:1A throufih 1J. s ~ 800K 237 PacE 2610 ~ ~ a ~ ` ; _ _ _ _ _ _ _ _ - - ~ ~ ~ ,rt , - 3 # E"'+~-#~~ h G'. ~ - 3~~' 3, . i~^'".`y~]-+-,~ .=Y. ~ . z~ . ~ _ ~