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Home My WebLink About2624 _ _ . _ - - - ~ C~' ~a' p~ plMyp~T OF YA1(4 ~1~ s~~~.y , ~ ~~Wt'C MIT111161l1E ~ERn' t y~ I n3 ~,,~u,r m au~R IYCiS OF l9ll. ~ r_~ ~ ~E~ O R T ~ A ~'~E . t c~ i t cwKt..i~• '?t oo.. ~ ~ Q.~ 1~ P/~l PiiJ~~°._ ~°l~°n1! L~ E'~_LC__ ~S_~~;lL~~--~ ? h~~ mui•t~,•a~oi•. in onsidert~tion of the principal sum specified in the pmmissor~~ note hereafter described. r~ ~~~~ired itti?m OUTDOOR RF.SORTS OF AMERICA, INC., a co~ation organized and existing under the Laws „t the State of Tennessee, the Mortgagor~ hereby on this__~L~__das~ of-___~~~2 19.~_S , n~t~?•t~,~a~,re. to the Mortgagee the re~l property in St. Lucie County, Florida, descri as: ~ ~l~ Oa - - ~~7'-5< - QDO~~ " ~ Lot No~lGt~_iii that certain con om~nium kno~vn as TTTT)()nR i RESORTS OF AMERICA AT NETTLES ISI.AND, as shown b~ plat ~ recorded in the Offic~ 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 ~10RTGA(:E .ecurit~~ for the pa~ ment of the promissory note of which the folloH ing is a copy : Instaliment Note and Disclosure S atement ~ , ~a~9_~~ ~ ~-~~~E , Florida ~ . _ 19~~ ~ 1 For Value Received, 1, K~e or either of us prom ise to pay to the order of OUTDOOR RESORTS OF ~ :1 ZIH:RI('A. INC., P. O. Box 1116, Jensen Beach, Flor ida. 33457~ or any other place as the holder hereof may ~ L • ------/L ; ~:~~:i~.~nate in ~~•ritin~, the sum of~N~LCSt~~-~tJ1/1 C~_/L~i H~ S ~~ret,( , D, 965~ ~L ) Dollars, f i; •um bein~; the Total of Payments referred to in the 1)isclosure Statement beTow. which includes a FINANCE ` ~ 1 I a R(:E on the amount financed. payable ir~__ 9 ' equal consecut've monthly instaliments of ~ , '~~~-v~-each, and the first installment to become payable on the__L_=day of L- ~ ~ 1'.~ 7~_, and one such installment to become due and payable 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 finai installment date. the unearned portion of the FINANCE CHARGE shall be rebated under ! : h f= Rule of i8'g. ~ ~ : ~ In the event of default in the due and punctual payment of any installment on this Note for a period of ~ i ` ~~~irt~ (30) days, or if any statement, representation or warranty in any application for the credit evidenced ~ ; F~~- this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED. WITHOLJI' ~ Ti~F, PRIOR WRITTE~,' GONSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBEB (EXCEPT ~ j f~~)R ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHER~yISE DISPOSE OF OR EN- ~ ~ ~~U;~iBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ 'r:1IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ; 'I'fIF. CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ~ f~~~idenced) or Uankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then s ~ ~l,~e shall become immediately due and pay~ahle 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 ~ : to 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 ; ~1:;~~s thereafter, the holder may collect, and the undersigned agrees to pay a late charge ~n 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 ~ ~ !a~+• or through an attorney at law- or under advice thereof, the undersigned agrees to pay all costs of collection, includin~ reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ ~ The undetsigned and all endorsers or other partie~ to this note jointiy and severally transfer, convey and ' ~~"i~,rn to the Holder a sufficient amount of such homestead or esemption as may be allowed. ificluding such ` h~~mestead or exemption as may be set apart in bankruptcy, to pay this note in full, ~vith all costs of collection~ ~ ; and do hereby direct any trustee in bankruptcy having posses~ion of such homestead or exemption` to deliver to ~ ~ the Holder a sufficient amount of property or money set apart as exempt to pay the indebtednet~s evidenced herel,y~, or any renewal thereof, and do hereby, jointly and se~•erally, appoint the Holder the attorney-in fact for ~ - t~ac•h of them, to claim at.~~ and all homestead exemptions allo~~•ed b~• law. 5 T' ~ ~ A first mortgage for t e sec~ity of the aforesaid indebteciness is retained by OUTDOOR KESORTS OF ~ 5 - :»iF;Rt('A, [NC., on Lot No. ' in that certain Condominium known sa OUTUOOR RESORTS AT NETTLES ~ I~I,A~'il, an~i nn s~ny im~r.,vPmPnt4, fixtures or after acquired pmperty added thereon, as shown by plat re- ~ ~~~rded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Pistt Book 16, page 1:1A ~ throu ~h 1J. s~r~ ~r ~ ~ ~ BOGK~?J 1 PACE~6~ , ~ ~ . - ~ ~ - R ~ ~ = > ~ ~ ~ ~ - ~