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Home My WebLink About2620 J ~.G t~/ ~ . • RECEIVED 1---=- IN Pl111MENT OF TAXE~ ~ ~,r~' ~04_594 ou~ oM awsc ~ iMriwc~e~ ~RSOnu ~~r. ~ M~O~~T G A~G E- ~ ~R ~ ~9».r,~~ ~ru. wc~ oo, Fu ~~/~l~/y ,~l~[~v~~G[!~/Jil~ t~l •~~~y a~l/'~ GO1 ~`~.-d22 f rt~t~ murt~; *or, in consideration of the principal sum specified in the promissory note hereafter described~ re- ~•~~i~ ec1 irnm OUTDOOR RESORTS OF AMERICA, INC., a co~ration orgnnized and existing under the Laws ~ ~~f the State of Tennessee, the Mortgagor, hereby on this_~.-.~day of 19~, ~ m~~i•tK~;~?e~ to the Mortgagee the real property in St. Lucie County. Florida. escribei s: ~ A/~ ~ ~f ~ O~ - ~ O/ ~ O'S~lo 2 - 00/~~T~7 ~ int NA d//I 111 ~o:±w::: ~v:~uvaiaiiiiai~i~ niavi~?t A7 V V11 LVV V RESORTS _O~~AMERICA AT NETTLES ISLAND, as shown by plat ~ recorded in the OflSce of the Circuit Court in and for St. Lucie County, Florida. in Plat Book 16. page 1:1A through 1J. THIS IS A PURCHASE ~iONEY biORTGAGE a~ security for the payment of the promissory note of which the following is a copy: Installment Note and Disclosure Statemenf ` 8,~~~- . - ~~~.~~-d~d['.LeLC -•r~•n , Florida ~ /~KLG4'~-~ _ 19~ Fur Value Recei~•ed, I, tie or either of us promise to pay to the order of OijTDOOR RESORTS OF :~~iH;EtI('A, INC., P. O. Box 1116, Jensen Beach, Florida, 33457~ or any other place as the holder hereof may ~l~~:i~,rnate in writing. the sum ofGtl~11 ~_/~/J~~ye~i~r(f~ ~ ~llars, t}~i, .um t,ein~,? the Total of Payments referred to in the Disclos e tat ment below~ which includes a FINANCE ! ~ ~~II~RGE on the amount financed. payable in equal cons ~ve monthly installments of ~ I ~ each, and the first instaliment to become payable on ~~..~__day of ' l~, and one such installment to become due and payaUle 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 F f~«•fore the final installment date, the unearned portion of the FINANCE CHARGE shall be rebate.ci under ` tht~ Rule of 78's. t ~ ~ In the e~•ent of default in the due and punctual payment of any installment on this Note for a period of ~ k 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. WITHOiT'f ~ ; "rfi~: PRIOR ~VRITTErT CONSENT OF THE HOLDER NEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ ; FOR ANY MORTGAGE WHICH 1S SECURITY FOR TH1S NOTE) OR OTHERWISE DISPOSE OF OR EN- ~ t t'L':4iBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OA SUFFER ANY LIEN TO # x I~:.l'IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH 3 Tf1E CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ~ ~ e~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ` ~ ci~~e shall become immed'aately 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 ~ tv 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 k ~lays thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in :tn amount equal to 5% of such installment or $5, whichever is less, and in the event this Note ts collected by = la~s or through an attorney at law or under advice thereof, the undersi~ned agrees to pay all costs of collection, i iicludin~ reasonable attorney's fees and court costs to the extent permitted by Florida law. ' The undersigned and ail endorsers or other parties to this note jointly and severally transfer, convey and _ a~sign to the Holder a suf~'icient amount of such homestead or exemption as may be allowed, it?cluding such ~ ' hc+mestead ur 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 exempt to pay the indebtedness evidenced ~ hereby, or any renewal thereof, and do hereby, jointly and sererally, appoint the Holder the attorney in fact for - each of them, to claim at.~~ and all homes±ead exemptions allo~ti•ed by law. ~ _ A first mortgage for the sec~rity of the aforesaid inciebtedness is retained b~~ OUTDOOR ftESORTS OF ; :~`1ERtCA, INC., on Lot No.~~~n that certain Condominium known sa OUTDOOR RESORTS AT NETTLES ; I~I,AND, and on any improve ents, fixtures or after acquired property added thereon, as shown by plat re- ~ °c ~•~~rded in the Oflice of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A ' ~ through 1J. p R : ~ 800K PACE 3 f 2618 ~ ~.~x - ~ _ _ _ ~ ~ ~ f ~ ~ ~ ~ ~ ~ ~ - > ~ ~ ~ ~ ~~v~ ~ ~ r _r,.~" i~W ~.~.~~M'"`a~'..~r.. z~< . - L{. rr.s~~•..~.-n