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Home My WebLink About2616 _ ~ O ~ `C ' ` _ _ . _ - - - - - - - - 's : ~ . „~rxm~ ~ ~O ~ ~~pS`~ 3(34591 t ~ ~ ou~ oN a~t ~ a~r,urs,~ ~R~` ~ AG ~T ~ ab~~i~: y~ ~ , oR n•~~. ~cis ~ i9n. ~x ~ ~M-E A y~ RO ~ ~N~ fZl~B T R~~R ~ v F- ~ a~ ~a / r`: Ldl~-~~ / ~ , t h<~ murt~:,~?or. in consideration of the principal sum specified in the promissory note hereafter ~lescril~ed re- ~~~i~~ed from OUTDOOR RFSORTS OF AMERICA. INC., a corporation organized and e~isting under the I'.aws ~~f the State of Tennessee, the Mortgagor, hereby on this 2O ._day of ~e~c~~.6~°~_ 19~~, m~~rt~,~ages to the riortga~ee the real propert~~ in St. Lucie County, Florida, described as: ~soa - s'o/ - 030~- ooo/O T~~t Nn,I. in fhat r_artgin ~~nrlnm~n~~w~n Lnn::'n w~ lITTTiYIl1D - v v a aivvaw RESORTS OF AhiERICA AT NETTLES ISLAND, as shown by plat recorded in the Oflice of the Circuit Court in and foi• St. Lucie County. Florida, in Plat Book 16, page 1:1A throagh 1J. THIS IS A PURCHASE t1iONEY r10RT(~A(:E ~ _1; .ecuritt• for the pa~ ment of the promissory note of w hich the follo~ving is a copy : Instaliment Note and Disclosure Statement ~1 ; ' ~~1~~-!~~--~- .~Q~ Florida ~ r -?O N~~ e - 19~y ~ For ~'alue Received, I, «•e or either of us pr~,mise to pay to the order of OUTDOOR RESORTS OF JIH;RI('A, II~'C.. P. O.. Box 1115, Jensen Beach, Fior ida, 33457, or any other place a.5 the holder hereof may ~ ~?~~<i~,~n.tte in ~~•ritin~, the sum o~,~,~,~,~d.~sss,~,.;~llfc,~ •-q4~~• (/D D ) Dollars. t}~ i. .um bein~,~ the Total of Payments referred to in the D~losure Statement below. which includes a FINANCE ~ E i:1 KGF, on the amount financed. payable in - bD equal consecutive monthly installmen~s of ~ . 1.~' ~._.~~_each, and the first installment to become payable on the~~_day of ~9pf-~~ , 4 i.~ 7~ , and one such installment to become due and ~ ` payaWe on the__1 S~ 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 ~ '~•f~~re the fina! installment date. the unearned portion of the FINANCE CHARGE shall be rebated under ; ? h t~ Rule of 78's. . ~ ~ [n the e~ent of default in the due and punctual payment of any installment on this Note for a period of x ±~~irt~ (30) days, or if any statement. representation or warranty in any application for the credit evidenced ~ ; i~~~ thi~ I`'ote is found to be untrue in any material respect. or in the event THE UNDERSIGNED, WITHOUT ~ ~ "I'IIE PRIOR R'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL~ ENCUMBEB (EXCEPT ~ ~ I~ ilR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERR'ISE DISPOSE OF OR EN- ~ ~'I':VIBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PEBMIT OR SUFFER ANY LIEN TO ~ ~:.1'IST Oh THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ ~ 'I'IIE CREDIT EVIDFNCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ~ € t~~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ; ~ ~lue shall become immediately due ancl 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 i ~ to exercise the same at any other time. i ~ Time is of the essence of this Note. In the event any instaliment is not paid when due or within ten ~ ~ ~la~•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 f ~ la~• or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, ~ : includin~ rea~anable attorney's fees and court costs to the extent permitted by F'lorida law. _ , - The undersigned and all endorsers or other parties to this note jointly and severaily transfer, convey and _ a~~i~,•n to the Holder a suflicient amount of such homestead or exemption as may be allowed. including such = h~~mestead 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 deliver to the Holder a sufficient amount of property or money set apart as ezempt to pay the indebtedness evidenced ' hereb3~, or any renewal thereof. and do hereb ~ y. jointly and severaliy, appoint the Holder the attorney in fact for ~ ' each of them. to claim a~ and all homestead exemptions altoN•ed t,~• law•. - ~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOft RESORTS OF : :~~iF:RICA, tNC., on Lot No. 22 in that certain Condominium known aa OUTDOOR RESORTS A'I' N~`TTLES I~LAti U, and on any improvemen~4, fixtures or after acquired property added thereon, as shown Uy plat re- ; .~~rded in the Office of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16, page 1:1A ; t h rou~h IJ. ,t P,~ Zg14 ~ ~ s - . ~ - - - - - - - - ~ ~x ss °F-- ~ k `w ' y~..-~~`~-~.~ ' ' ~s ~ , ~ ~ ~~c~ .s ~ ~ ; ~ u _ ,s. . _ - ° ~°„a'~~~~ w ;x 3'#~~ ~,~r~.~a:~ G?'~ ~ v