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Home My WebLink About2628 . ~ - ' ~ ~ ~ f ~Q~~Q ~ ' RECOYED pl M11MOR OF Tiq(fs ~ /~CIASS'C' 1lITAN61e1.E rER90N~1 PROPERiY, MORTGA~ T~~..~,..„,_• r,~ .3 -k• Pok~•-- --~r` -:~~~Qe --i.i~z -ir.--.---s.-c~ _ _ ~ _4 , ri~r mort~agor, ~n cons' eration of he principal sum specified in the promissory riote hereaf~er described. re,- ~~~~i~•ed from OUTDOO RESORTS OF AMERICA. INC., a corporation organizecl a existing under the Laws ~~f thc State of Tennessee, the Mortgagor, hereby on thi4_~_day of , 19.~ m~~rt~,•xge. to the Mortgagee the real pt~erty in St. Lucie Count~~. Florida, descri as• ~~oa. - - 099~- Lot No._~~ __in that certain condominium known as OUT R AL~`Ql~1DTQ l~L~ A1~L~Dil~A Am w~L~n.nT ~0 1ot ?1~T L""' 1"' ~'a u va •a~t1La~LVl1 ~a • a.:~ ~ 1 LL' U lULAL~ L~ itJ >l~V W lt Uy ~11ii1, recurded in the Office of the Cireuit Court in and for St. Lticie County, Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE ~iONEY ;NOKT(~A(~E .ecurit~• for the payment of the promissory note of which the following is a copy: _ Installment Note and Disclosure Statement = ; 9,Q[~~~ St . Lucie Couttty Florida 7 ~ . ~ .'U ~ - 19_~__L . F~r Value RPcei~•ed, L~+•e or either of us prum ise to pay~ to the order of TU(?OR RESOR'TS OF ~IH:RI('A. INC., P. O. Box 1116 Jensen Beach, Flor 'da, 33457, or y th r pl e s the holder hereof may ~iine thousand ntne hundre~' f'~or~ -~~iree .i~~:i~,~nate in ~~•ritinfi, the sum of ~Q /i~ y_ ~ 9,943.6$ Dollars, r.'r~i: .um l~eing the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ~ t~AKGE on the amount financed, paS•able in___ '96'______equal consecutive monthly i st~lmen~ of • ff n ~ 103 . 58___ __each, and the first installment to become payaUle on the~_day of- ~ 1~? and one such installment to become due and payable on the___~day of each su eedin month :~;~til he whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~+~t~~re the hn~,l installment date, the unearned portion of the FI1~'ANCE CHAriGE shall be rebated under Thc~ Rule of 78's. In the event of default in the due and punctual payment of any installment on this Note for a period of tl~irty (30) days, or if any statement, representation or H•arranty in any application for the credit evidenced !~t- this Iv'ote is found to be untrue in any material respect. or in the event THE UNDERSIGNED, WITHOUT ' I~FiE PRIOR ~'~'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL. ENCUMBER (EXCEPT - I~ t~R ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERVVISE DISPOSE OF OR EN- ~~L'MBER OR COMMIT ANY RREACH OF THE :ViOftTGAGE OR PERMIT OR SUFFER ANY LIEN TO l~:.l'IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ; '1'IIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever F~~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~i~~e 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 waiver of the right ~ i~> exercise the same at any other time. ~ Time is of the essence of this Note. In the e~~ent any instaUment 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 fi <~n amount equal to 5~4 of such installment or $5, whiche~er is less, and in the event this Not~is collected by l:~~s or through an attorney at law or under advice thereof, the undersi~;ned agrees to pay all cos~a of collection, ~ irul~~din~ reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ The undersigned and all endorsers or other parties to this nute jointly and severally transfer, convey and 4 a.~i~,•n to the Holder a sufficient amount of such homestead or exemption as may be ailowed, ~ncluding such hr~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 posse~sion 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 hereb3~, or any renewai thereof, and do hereby, jointly and se~•erally, appoint the Holder the attorrtgy in f~ct for each of them, to claim a~:,~ and all homestead exemptions allo~~•ed b~ la«•. A first mortgage for the sec ty of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF ~ :11IF,RICA, INC., on Lot No. ~~~t certain Condominium known aa OUTDOOR RF.SORTS AT NF.'TTLES 1~I.AND, and on any improvements, fixtures or after acquired property added thereon, as shown~by plat re- ; ; ~~~~rcieci in [ne Umce of the (;ircuit Lourt in and for St. Lucie ('ounty, Florida, in Plat Book 16, page 1:1A ` through 1J. p R s~ry ~OOK ~J ~ PAGE r. ~ ~ ; - - ~ - - - - y,~,. ¢ . : ~ ~ ~ ; ~ ~ ~ . ~ ~ ~ , ~ _ ~ ~e_~W~,~,.~ . _ _ w_~ _ ~