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Home My WebLink About2632 ` 1 f~a • ~ O~J r~ R!0l1MLD ~....~~Z~ IN MYMEIIT Of t~ 3V OIIE ON CU1SS'C' IIiTAl16161E PERSO??JV.'PlIPEit ~ ~ ,o ~ ~~03 p ~T rp pMrrrR na3~, ~~.~s oF ~9n ~y r°} ~`r~ ~ ~ M O R T G,A C. E ~ rt'°~~ ~v _ F~±?1L~ *t /v~ty~ L E~~ E vX~~ .1~f~~~"LG E ~1 s,~~i~2~-, the murtgaKor, in consideration of the principal sum specified in the promissory note hereafter descri1~ed. re- ~~~~i~•ed f~~c~m Oi7TDOOR RESORTS OF AMERICA~ INC., a corpQration organized and existing under the Laws c~ ' ~~f the St.ite of Tennessee, the Mortgagor~ hereby on this__.~`"day of___r.zL7_IL1-__ 192_~, mui•t~?x~,?e. to the ~iortgagee the real property in St. Lucie County, Florida, described as: Lot No._~1~'__ 'y'~ O~ O/ -/QO'S~ - QC)O~~v ~_in thut rPrtain rnnr~nmininm 4.,.,..,~ tT p RFCnR~rc nF e~iFU~re n~r ~;~~rri ~e ~iei~~~i~'~ `"L'~ ~ Lt i i~LV lULL1 1/~ (lj l~~V~11~ U~}' ~ll(({, recorded in the Office 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 MORT(:A(:E .ecuriti• for the pas~ment of the promissory note of ~vhich the following is a copy: Installment Note and Disclosure Stateme t %~3 ~g, ~ U / , Florida -1 ~Y------ ~sZ~ . F~i• ~'alue Recei~~ed, 1, H•e or either of us promitie to pay to the rder of OUTDOOR RESORTS OF :1 ~1ERI('A. INC., P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place as the holder hereof may ~ir~:i~.Tnate in ~eriting. the sum of - ( ) Dollars, t}~i~ ,um bein~; the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ~~fIARGE on the amount financed, payable in___ C_~ equal consecutive monthly installments of 2'_ ~ each, and the first installment to bemme payable on the~_~day of-;n~~~~ ~ 1 , and one such installment to become due and papable on the___~ ~ day of each succeeding month ~~i~til the w~hole of said indebteciness (Total of Payments) is paid. In the event of prepayment in full by cash i~t•fc~re the fina! installment date. the unearned portion of the FILANCE CHARGE shall be rebated under the Rtile of 78's. In the e~ent of default in the due and punctual payrnent of any installment on this I~'ote for a period of cf~irty (30) days, or if any statement, representation or vvarran~y in any application for the credit evidenced ~ E~~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT ; 'I'FiE PRIOR «RITTEN CONSENT OF TNE HOLDER HEREOF. SHALL SELL, ENCUMBER (EXCEPT ; ~'OR AIv'Y MORTGAGE ~'VHICH 1S SECURITY FOR THIS NOTE) OR OTHER~YISE DISPOSE OF OR EN- ; ('liMBER OR COAiMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ; ~:IIST ON THE REAL PROPERTY PURCHASED BY THE Ul`'DERSIGNED AND FINANCED THROUGH ~ TiIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (how.4oever ~ e~-idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indehtedness then ' a due shatl become immediately due and payable at the option of the holder hereof without demand, presentment 1 ~~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. ~ i t z Time is of the essence of this Note. In the event any installment is not paid when due or within ten ` days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in f an amount equal to 5~4 of such instaliment or $5, whiche~er is less, and in the event this Note is collected by ; law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection. includinR reasonable attorney's fees and court costs to the extent permitted by Florida lati•. The undersigned and all endorsers or other parties to this note jointly anci severalty transfer, convey and ' . assifin to the Holder a sufficient amount of such homestead or exemption as may I,e allowed, including such : homestead or exemption as may be set apart in • bankruptc~~, to pay this note in full, with all costs of collection, and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to i the Holder a suflicient amount of property or money set apart a~ exempt to pay the indebtedngss evidenced ~ ~ nereby, or any renewal thereof, and do hereby, jointly and se~~erally, appoint the Holder the attorney in fact for ~ - each of them, to claim si:~~ and all homestead exemptions allo«~ed by la«•. ~ 4 A first mortgage for the security of the aforesaid indel,tedness is retained by OUTDOOR RESORTS OF ' ~~iERICA INC. on Lot No " ~ • . . ~~_~in that certain Condominium known sa OUTDOOR RESORTS AT NETTLES ~ ISI,AND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ; A curded in the Office of the Circuit Court in and for St. Lucie ('ounty, Florida, in Pl$t Book 16, page 1:1A ; = through 1J. ~ ~ ~ ~ BooK237 Pac~~6~ ~ a , , ; - _ . _ _ _ ~ ~ ~ f~~h ~ ~s ~ - . - . . ~