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Home My WebLink About2644 . . ~ _ _ - - - - - ~ C . SJ" ^ ~ G~SS lMTi1N61~1N p~tt~y,7~ p~ ~ , 3~4~.~~?, - . ~wrr ro cww,~R ~'ru ~ 1~~ -~:`y~~ M O R T G'A G E ~T~` ~~r~+lS~s Q- 1Sr)1. `n . ~ . sr. a, f~ ~ ' G~4 ~ _ ~~~/v D ~ ~ r~ _ l~i. /~l- ~w ~ ~ , thc~ m~?ri~,?agor, in consideration of the principal sum specified in the promissory- note hereafter descrit,ed, re. ,~~i~•ect fr~?m OL'TDOOR RESORTS OF AMERICA. INC., a corEwration organized and existing under the Laws ~~i the St.ite c,f Tennessee, the Mortgagor, hereby on this S___day of_f~/~v~/f'~_______, 19 7-s m~~rt~,~.~~,?e. io the Mortgagee the real property in St. Lucie County. Florida, described as: S 1r ~ - - - G~dO~'~ TAt iv0. _lsl that C@!' ain rnnrlr,.jn~n~~wm L::3::i. :.S L~'~QQD - RFC(1RTC Q e~Lp~~e ;m ~ET; LLJ i~i.r1:L'I3, its ~,iu~ti'ii uj~ ~iai recorded in the Office of the Circuit Court in and for St. Lucie County, Florida, ~iii Plat Book 16. page 1:1A through 1J. . THIS IS A PURCHASE fiONEY ~fORT(:A(:E sec•urit~• for the payment of the promissory note of which the follo~~ing is a copy: installment Note and Disclosure Statement I`~~s2,~-~ / z S 7`'_~c ~ e Ga iv Florida ~ . _~~c~ b~ vd ~ is_Z _.s`. For Value Receiveci, I, «•e or either of us prumise tu pay to the order of OUTDOOR RESORTS OF ~ ~iE:R1('A, INC., P. O. Box 1116, Jensen Be , Flor~ida ~?,~p ~ny other place as the holder hereof may ~ C/ S AI ;:~~~ignate in ~~riting, the sum of~~f~ --f/!ie dNd i?1/oo_ ~/„yo~y~ Dollars, ti~i. ~l{Ill t,ein~,• the Total of Payments referred to in the Disclosure Statement Uelow•, which includes a FINAh'CE ~ ~ 11 ~RGI~: on the amount financed, payable ir~__~`_ equal consecutive monthly installments of ~ . L_`~ 7. _`T~_ __each, and the first installment to become payable on the ~ s f_day of-_~A Y ~ 1~~ 7~~, and one such installment to become due and payable on the_~_S t day of each succeeding month ;:r,r.ii the w~hole of said indebtedne.ss (Total of Payments) is paid. In the event of prepayment in full by cash , ~~~•;~~re the fina} installment date. the unearned portion of the FI1\'ANCE CHARGE shall be rebated under : , Kule of 78's. ~ > In the e~~ent of default in the due and punctual paS•ment of any installment on this Note for a period of ~ r~;;,•ty (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~ WITHOUT ~ ~ "I'IIE PRIOR ~'4'R!TTE1~T CONSE:~T OF TIIE HOLDER HEREOF. SHALL SELL, ENCUMBER (EXCEPT ; f•'i ~R ANY MORTGAGE WHICN 1S SECURITY FOR THIS NOTE) OR OTHER~VISE DISPOSE OF OR EN- ~ _ ~~U`iBER OR COMMIT ANY RRFACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO # ~ r:.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 incom tenc insolvenc PQ Y. y (howsoever ; r F~~~idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then Z <l~~e sha11 become immediately due and payable al, 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 t~~ exercise the same at any other time. t Time is of the essence of this Note. In the event any installment is not paid when due or within ten ~IaS•s thereafter, the holder may collect, and the undersi~ned a~rees to pay a late charge ~n such installment in amount equal to 5~; of such installment or ~5, whiche~•er is less. and in the event this Note is collected by ~ la~ti• or through an attorney at law or under advice thereof, the undersiKned agrees to pay all costs of collection. - i:~cluding reasonable 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 ancl severally transf~r. convey and ~~~~i~,•n to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such h~~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 posses~ion of such homestead or exemption to deliver to the Holder a suflicient amount of property or money set apart as e~cempt to pay the indebtedness evidenced a : i~erel,y, or any renewal thereof, and do hereby, jointly and se~•erally, appoint the Nolder the attorney in fact for = ~~ac~h of them, to claim a~ and all homestead exemptions allo«•ed b~~ IaH•. ~ ~ A first mortgage for the security of the aforesaid indebteclness is retained by OL?TI)OOR RESORTS OF :1 ~tERi('A, INC., on Lot Iv'o.~~ys in that certain Condominium known sa OUTUOOR RESORTS AT NETTLES ~ I~(.AIv'I), and on any improvements, fixtures or after acquired prnperty added thereon, as shown by plat re- ~ : ~~~~rded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plst Book 16, page 1:1A ~ .3 ! h rou~;h 1J. . 600K 237 PaCE2642 ~ ~ ~ u ~ ~~.r. ~ - _ - ' a ~ ~ ~ ~ ~ ~ ~-~~s~~ .,~.-,r~_'`:-- - , y~ ~ .