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Home My WebLink About2636 . • r•' ~ . _ . . \ i°' . j Y IN PA`(IAElR 0~ TN~ r , ` ~ ~ lw~n• ~ ~ ~it~4646 M O T G A G E•~ w~. ~P ~R n•i~. ~y .)o,f e _ _1- . - ~~ac c~aa?n st. wc~E co~ , ! he murt~,~agor, in onsideration of the principal sum specified in the pmmissor~~ note hereafter descrit,ed. re- ,~~~i~•ed frum OUTDOOR RESORTS OF AMERICA. II`'C., a corporation organized and exis ing under the Laws +~f thr~ State of Tennessse. the Mortgagor, hereby on this_ ~__da~• of__~d~~ , 19~ m~n•tg:~~,?es to the ~tortgagee the real roperty in St. Lucie County, Florida, described as: ~f^ ~0~-50/-/O~~o- G?o0 Llo LOt No.__ ~ l`' 'n thRt. ~•Prtain rt~nrlnmini~~m ~~inla~~ ,~,~5 Qi,f'!'j~QflR - RF¢f)RTC /4~?+r~~ire e~r ~.~F~%~*; ;~IIA*\L~ ~.s s; Gwii Uy piat recorded in the Oflice of the Circuit Court in and for St. Lucie County, Floricia. in Plat Book 16. page 1:1A throuKh IJ. THIS IS A PURCHASE D'IONEY !1iORTCA(:E a. ,ecurit~~ for the pa~~ment of the promissory note of which the follo~ving is a coP3•: installment Note and Disclosure Statemen#__ l0~fi08 .00 _ St LLe~~untT_., Florida 19~ F~~r Value Recei~~ecl, I, ~+•e or either of us prumise to pay to the order of OUTDOOR RF.SORTS OF :1~1ER!('A, I?~IC., P. O. Box 1?16, Jensen Beach, Florida, 33457. or any other place as the holder hereof may Ten thousand e3.R= ~hundred & eight ~3~~:i~,~nate in writinfi, the sum of _ .4e~~_ ~10,608.OQ Dollars, thi. sum I~ein~,? the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ~~IIARGF, on the amount financed. payable in _-~6 = equal consecutive monthly ins l~m~s of ~ ~.1~ • 50 ' P each, and the first installment to become payaUle on the~_day of- ~ ,7.Y - ~ 1~', and one such installment to become due and payable on the-~~_day of each succeeding month ' uz~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash • i i,t~fore the final installment date, the unearned portion of the FINANCE CHARGE shall be rebated under the Rule of 78's. ' ln the e~•ent of defautt in the due and punctual payment of any installment on this Note for a period of i tf~irty (30) days, or if any statement, representation or ~sarranty in any application for the credit evidenced r ~ t,~- this I~'ote is found to be untrue in any material respect, or in the event THE UNDERSIGNED~ WITHOLrI' THE PRIOR ~t'RITTEN CONSEhT OF' THE HOLDER HEREOF, SHALL~ SELL, ENCUMBER (EXCEPT ~ I~'<~R ANY MORTGAGE WHICH 1S SECURITY FOR THIS Iv'OTE) OR OTHER~'~'ISE DISPOSE OF OR EN- ~ ~'Ub1BER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO = I:.l'IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ 'I'IiE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (how.4oever F c~~•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 erercise said option shall not constitute a waiver of the right F tu 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 _ ~ia~•s thereafter, the holder may collect, and the undersifined agrees to pay a late charge on such installment in 1 an amount equal to 5~h of such installment or $5, whiche~•er is less, and in the event this Note .is collected by - l~~~r or through an attorney at law or under advice thereof, the undersiKned agrees to pay all costs of collection, includin~,? rea.sonable attorney's fees and court costs to the extent permitted by Florida law. _ The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and - a~si~.~n to the Holder a sufl5cient amount of such homestead or e~emption as may be allowed, including such _ h~mestead or exemption as may be set apart in bankrtiptcy, to pay this note in full, with all costs of collection, - a7d do hereby direct any trustee in bankruptcy having posse:sion of such homestead or exemption_ to deliver to t the Holder a suflicient amount of pioperty or money set apart as exempt to pay the indebtedriess evidenced _ herebl•, or any renewal thereof. and do hereby, jointly and se~•erally, ap~int the Holder the attorney in fact for Pach of them, to claim a~:~~ and all homestead exemptions allo«•ed b~ law. - ; A first mortgage for the seeurity of the aforesaid indel,teclnes, is retaineci by OUTDOOR RESORTS OF A:~Z~:RICA, INC., on Lot No.~_~_~~in that certain Condominium known aa OUTDOOR RESORTS AT NETTLES ~ ISI,ANn, and on any improvements, fixtures or after acquired property added thereon. as shown by plat re- K ~•c?rded in the Office of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16, page 1:1A ~ through 1J. 0 R K BOOK ~.J~ PA~E2634 ~ ~ ~ . - .=~r• ~ _ ~ ~ , ~ ~ s_ - : , ..,~-~s