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Home My WebLink About2189 . f. t.,! RECEIVED ~ IN PAYME~fT OF T~ 3lJ!'~~O~T DUE ON C1ASS'C INTANGIBIE ~ERSONAL PROPERiY~I ` ~ YQ ~P~R ~1•13t. ACi QF 1~71. i - ; - ~ ~r~ ~ ~ ~ ~ ~ . n"` ~`vl O R T G A G E ~ _ ~ ''Xr . wc~ ~ _ ~L 90~ ~c1-~~ aMsrr~%~,J_~;?ar~t2n~~~ , ~h~• nwrt~,•~ *or. in consideration of the princi}~~l sum specified in the promi~sory note ereafter ciescril~ed. re- ~~t•i~-c~d fr~?m OL'TI)OOR RF.SORTS OF AMERICA, INC., a corporation or~anized 1nd existing under the Law~s ~.i the tit.?te uf Tennes,ee, the Mortgagor, hereby on this___~ .__day of____ _ 19~~_. n~~~rt~,?.~ke~ to the ~Iort~agee the real propei•ty in St. Lucie County~, Florida, d sci•ibed as: ~50~- So/- /c~/- G~ ~ I.ot No._1Y,~ m that certain coiidominium kno~~•n as O~DOOR ~ RESORTS OF~~ERICA AT NETTI.ES ISLAND, as shown by plut recorded ~n the Oflice of the Circuit Court in and for St. Lucie Count.y. ll~ 10 . p~~~ Ildi'E Florida, in Plat Book 16, page 1:1A through 1J. _ THIS t5 A PURCHASE biONE1 MORTG:'?GE - .c~•urit~• for the pa~~ment of the promissory note of which the follo~sing is a copy: installment Note and Discfosure Statement ; ~ _~v~ue1.~ ~L'C~x.t~_~ ~ Florida ----~t~-a 19--~ F~?r ~'alue Received, I, w•e or either of us prum ise to pa~• to the order of OLTTDOOR RESORTS OF :1 ~tl:Rl('A. I\TC.. P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place~s the holder hereof may t?~~~i~,~n.ite in ~.ritin~*, the sum of~~~!~~~2~r4?1,XE~Y~~L• tr~ -~6_ E~~ 9,9~}~~) Dollars, ~i~i: .~im k,ein~ the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE +~H:\RGE on the amount financed, payable in___ -equal consecutive monthly installments of ~~____each, and the first installment to become payaUle on the_~__da~• of /'~~~y;•L' ~ -ri~_ and one such installment to become due and payable on the___~ day of each succeeding month :~~;til the ~rhole of said indehtedness (Total of Payments) is paid. In the event of prepa~ment in full by cash _ ~ ~,E•f~~re the final installment date, the unearned partion of the FINANCE CHARGE shall be rebated under thE~ I:ule of 78's. ; In the e~~ent of default in the due and punctual payment of an~ installment on this Note for a period of E ?hirt~ (30) daps, or if any statement, representation or w•arranty in any application for the credit evidenced s thi~ 1~'ote is found to be untrue in any material respect, or in the e~*ent THE UNDERSIGNED, WITHOUT i ~ 'I'}iE PRIOR ~ti'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ; }~'c)FZ A\'Y :4iORTGAGE WHICH 1S SECURTTY FOR THIS ~'OTE) OR OTHER~VISE DISPOSE OF OR EN- - ~ ~~tTtiiBER OR COMMIT ANY BftEACH OF THE MORTGAGE OR PERbiIT OR SUFFER ANY LIEN TO ~ ~:\IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ "i'fIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (how.soever «~~~idenced) or Uankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ ~1>>e shall become immediately due and payable at the uption of the holder hereof ~~ithout 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. i ~ ~ Time is of the essence of this Note. In the e~•ent any~ installment is not paid when due or within ten ' ~ ~1<~~~ti thereafter, the holder may collect, and the undersi~,?ned agrees to pay a late r,harge on 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 ? !aw or throu~h an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, ~ including reasonable attorney's fees and court costs to the extent permitted bti• Florida la~~. q : The undersigned and all endorsers or other partie; to this note iointl~• and severally transfer, convey and ~ x ~~.,ikrn to the Holder a sufficient amount of such homestead or exemption as may be ailowed~ including such Tr h~~mestead or exemption as may be set apart in bankruptc~~, to pay this note in full, ~sith all costs of collection, and do herehy direct any trustee in bankruptcy having posse~~ion af such homestead or exemption to deliver to a : the Holder a sufficient amount of property or money set apart as exempt to pay the indebteclness evidenced ~ hereb~•, or any renewal thereof, and do herel~y, jointiy and ~e~•erali}~, ap~int the Holder the attorney in fact for ea~h of them, to claim ar.~~ and all homestead exemptions allo~sed b~• law•. , ~ 5 A first mortgage for the security of the aforesaid indel,tedness is retained L~• OUTDOOR RESORTS OF { :~~1~:RICA, INC., on Lot No.~~~n that certain Condominium known as OU'TDOOR RESORTS AT N~'TTLES ~ ~ 1~(.ANI>, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ' ~ ~~~~rded in the Of1'ice of the Circuit Court in and for St. I.ucie County, Florida~ in Plat Book 16, page 1:1A = ~ throu~,~h 1J. e~DX~Q ~~~~Q~ ~rW DiJ ~ Y'I : ~J ! j~f i -i : ;z..r -rd,~~ t~k. ~ s' ~ r _ rn ~ ; ~v ~'u...~ ~ y~+ e~~ :,v, ~ _ ~3 ~y.~.. . . . _ . ~r~~°> _ . . _ s _ . .