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Home My WebLink About0026 i ~;s~°'"T 31~~3 MORTG GE . ~v~uiG ~ ~e~,vi'~ (~.'s c~~,~ - ch~~ m~?rtgagor, in consider~tion of the principal sum s ified .in the promisSOr~• note hereafter described, r~- ~•~~iceci ~'rom OUTDOOR RESO~~S OF AMERICA. INC.. a corporation organized and existing under the Laws ~ ~~C the State of Tennessee. the Mortgagor, hereby on, this_~~~ day of ~Lj ~ 19~ nun•t~;a~;es to the Mortgagee #he real property in St. Luci County, Florida, described as: ` ~ p~.~D/ - /~"/D - pG4- . Lot No.~~~in that certain condominium kno~vn as OUT~O~R ~;a`~~~ y~~~' ~ RESORTS OF AMERICA AT NE1'TLES ISLAND, ~is shown by plat ~~~`~Q~.~~S~ ,i~,. ; recorded in the Ofi'ice of the Cireuit Court in and for St. Lucie County, ; Florida~ in Plat Book 16, page I:lA through 1J, j\~~',~a'~",~~,~'~ ~ THIS IS A PURCHASE \lONEY 11iORTGA(:E '4' ~ ~r,~' ± :1~ ~eeurity for the payment of the romisso ~ note of which the follo~vin is a co G~:~v p ~ J K ~ ~ Instalfinent Note and Disclosure Statemen~ ~4~ ~ : ~ _ ~Qo . o o uC / ~ t~t; n ~ , Flori~a ~ ~ ~ ! ~~~C'I~] a ~ C 29_~~` ~ For Value Recei~•ed. I. we or either of us ~romise to ~ ~ pay to the order of OUTDOOR RESORTS OF > :1 ~IH:RICA, INC.. P. O. Box 1116. Jensen Beach, Flor ida, 33457~ or a~ o her place as the hol~er hereof may ~ ~l~~:i~.rnate in ~iriting. the sum of~P.~f~er~u ~g~~ ~~~-~--~!/DO ( D) Dollars, !hi. ,um I,ein~; the Total of Payments referred to in the Disclosure Statemeut below, ~vhich includes a FINANCE ~ 1 I~ R(:E on the amount financed. payable in equal consecutive monthly installments of ~ ? 1~0._t~ c~ _each. and the first installment to become payable on thP ~ day of -r~ ~ 7S~and one such installment to become due and ~ ~ payable on the___L_day of each succeeding month ~ >>„til the «~hole of said indebtednes.4 (Total of Payments) is paid. In the event of prepayment in fuU by cash ~ ~ }~E~Core the final installment date~ the unearned portion of the FINANCE CHARGE shall be rebated under ~ the Rule of 78's. i In the event of default in the due and punctual payment of any~installment on this Note for a period of ~ thirt~• (30) days, or if any statement. representation or warrantj -in any a~pti~atian-for-the-credi~-evidenced- ~ ; h~- this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT ' THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL~ ENCUMBER (EXCEPT ~ i t~'~R ANY MORTGAGE WHICH 1S SECURITY FOft THIS hTOTE) OR OTHERWISE DISPOSE OF OA EN- ~ ~ t~L'MBEft OR COMMIT ANY BREACH OF THE MURTGAGE OR PERMIT OR SUFFER ANY LIEN TO F;.l"IST ON TNE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH f 'I'1iE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency. insolvency (howsoever ~ e~•idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ' : ciue shall become immediately due and payable at the option of the holder hereof without demand, presentment ~ i notice of any kind. Any failure of holder to eKercise said option shall not constitute a waiver of the right ~ ~ to 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 ` ~3<~~~s thereafter, the holder may collect, and the undersigned agrees to pay a late charge ~n such installment in i ~~n amount equal to 5% of such installment or $5, xhiche~er is less, and in the event this Note •is collected by ` I~~«• or through an attorney at law or under advice thereof. the undersigned agrees to pay all costs of collection, includinK reasonable attorney's fees and court costs to the extent permitteci by Florida law. ' ~ ' The undersigned and all endorsers or other parties to this note jointly ancl severally trans$er, convey and <~,tii~n to the Holder a suflicient amount of such homestead or exemption as may be allowed, dncluding such ; hc~mestead or exemption as msy be set apart in bankruptcy, to pay thiG note in full, with all costs of collection, ; and do hereby direct any trustee in bankruptcy having possession of such homestead ar exempti~r to deliver to ; the Holder a sufficient amount of property or money set apart as exempt to pay the indebt~ess evidenced ; hereby, or any renewal thereof, and do hereby. jointly and se~•erall~•, appoint the Holder the atto~tey in fact for i each of them, to claim ar~~ and all homestead exemptions allo~ti•ed by law. ~ E ~ A first mortgage for the sec~pty of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF 4 ' ~:1iERICA. INC., on Lot No/~ n that certain Condominium known aa OUTDOOR RESORTS AT NETTLES } ! (~I.AND, and ~n any improvements, fixtures or after acquired property added thereon, as shown by plat re- i c~rrded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16. page l:lA ` ~ through 1J. p R q _ BOOI( iG~ PAGE ~ E ~ ~ f;~~,~~ ~ ~~~~,x.~„ ~ ~ - ~,~,,~r-~ ; ~ ~ _ ~ ~ ~ ~ . . r