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Home My WebLink About0014 - - - - - _ - - - ~ ~ ~~ti'~~ M O R T G A G E~ ~ ~~2~ ~ , f/ p~- ~,~f~.~i i T~ 1~~R~/ y ir ~~~2L_1C.11~ JY ~ a v ~_Ly ~ , thc mort~,?u~,~or, in considerxtion of the principal sum specified in the promissory note hereafter described, re- ~•~•i~~eci from OUTDOOR RESORTS OF AMERICA, INC., a corporation organized and existing under the Laws ~~f the State of Tennessee~ the Mortgagor. hereby on this~T~day of,~! L-_ , 19? m~~i•t~?.i~*es to the Mortgagee the real property in St. Lu ie County. Florida. described as• L~,~~`~,~zF`~ ~ ~E~~ - ~G ! -D 3- a!%~~ Q~,~~~ ~ ~ Lot No.~__~? Z_~in that certain condaminium knuwn as OUTD00~ SoE 1!'~3,. ~ RESORTS OF 'AMERICA AT NE7"fLES ISLAND, as shown by plat d ti`~,~ „ recorded in the Oflice of the Circuit Court in and for St. Lucie County, D' ~~~0 ? Florida, in Plat Book 16, page 1:1A thmugh 1J. `~~a~~~,ti~ 4~1~' ~ THIS IS A PURCHASE ~iONEY biORTGAGE ~,o • ' ~~a ~ t •ecurit~ for the payment of the promissory note of which the folloH ing is a copy~~~o~~~ ! Instaltment Note and Disclosure S~atement~'~Y~~ ~ ti ~.j .S9', ~l ~ ~~l ~ G ' E C p , Florida ~ ~z~°~p / G-L~_ T 19_.~ F~?r ~'alue Recei~ed. I, ~ce or either of us promise to pay to the order of OUTDOOR RESORT~ OF a~iF.RI('A, INC.. P. O. Box 1116. Jensen ach, Florida 3345~, or any ot r place as the hol~~r hereof may ti~~:i~,•nate in «riting, the sum of ~..~~i~~" 5~1~ Dollars, .i~m bein~; the Total of Payments ref ed to in the Disclosure S Uelow, which include~ a FINANCE ~~l~AR(.E on the amonnt financed, payable in equal consecutiv~ onthly ins iments of ?____/~,~Z~each. and the first installment to become payable on th ~day of 1 ~ 7~ and one such installment to become due and payaUle on the- /~1 day of each eceed~ng month t~~~tit the ~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full hy cash ~•~•fc~i•e the final installment date. the unearned portion of the FINANCE CHAAGE shall be rebated under ±he Riile of 78's. In the erent of default in the due and punctual payment of any installment on this Note for a period of ~ t},irt~ (30) days, or if any statement, representation or warranty in any application for the credit evidenced ' t~: this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED, WITHOU'f ~ ~ T~~E PRIOR ~'ftITTEh CONSENT OF THE HOLDEB HEREOF, SHALL SELL, ENCUMBER tEXCEPT : FnR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) _ OR OTHERWISE DISPOSE OF OR EN- ~ ~ c'U:?~iBER OR COMMIT ANY RREAC~T OF THE MORTGAGE OR PEftMIT OR SUFFEft ANY LIEN TO F.~IST Oh' THE REAL PROPERTY PURCHASED BY THE L'NDERSIGNED AND FII~IANCED THROUGH ` 'I'I~E CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency~ insolvency (howsoever ~ E e~~irienced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ ~ clue shail become immediateiy due and payable at the option of the holder hereof without demand. presentment ~ < <>r notice of any kind. Any faifure of holder to exercise said option shall not constitute a waiver of the right ~ ~ to exercise~t}~e same at any other time. ~ ~ , E Time is of the essence of this Note. In the event any installment is not paid when due or within ten ~ ciays thereafter, the holder may collect, and the undersiRned agrees to pay a late charge on such~inst~llment in <in amount equal to 5~~ of such installment or $5, whichever is less, and in the event this Note ~s collected by • 1<~w or through an attorney at law or under advice thereof, the undersigned agrees to pay all costa of collection~ ` includin~ reasonable attorney's fees and court costs to the extent p~rmitted by Florida law. ~ E The undersigned and all endorsers or other parties to this note jointls and severally. transfer. convey and € a:si~n to the Holder a sufficient amount of such homestead or exemption a.g may be allowed, 'including such ~ homestead or exemption as may be set apart in bankruptcy, to pay this note in full. with all costa of collection, aiid do hereby direct any trustee in bankruptcy haring possession of such homestead or exemptior~_to deliver to the Holder a sufficient amount of property or money set aNart as exempt to pay the indebtedr~ess evidenced hereby, or any renewal thereof, and do hereby, jointly ai~d se~erally, appoint the Holder the attorney in fact for ' each of them. to claim ai and all homestead exemptions allo~~~eci b~- laK . ~ ` A first mortgage for the secu~jty of the aforesaid indebtednes~; is retained Uy OUTDOOR RESORTS OF i r~~SERtCA, INC., on Lot No.-S.~_~nthat certain Condominium known aa OUTDOOR RESORTS AT NEITLES ~ ISI.ANI). and on any improvements, 6xtures or after acquired property added thereon, as shown by plat re- ~ i c~~rded in the Office of the Circuit Court in and for St. Lucie County, Fiorida, in Plat Book 16, page 1:IA ' ` thraugh 1J. j~ Q ~ ' BOOK f'~P/Sy ~ = k ~x . . - _ . _ ~ F •~+t. y~.Y " - ~ ~ s^'~ - '~`'$~is£3"a'^S 'i' ~ " / . ~ : u~" ~ ~lw~ ~ "v - . a . _ ~ Ynr4