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Home My WebLink About0036 ~ _ j~ 3~.~,?,~p , . MORTGAGE ~ 11 ao c ,y _ ~ ~ - ' the murt~,?ugor. in consideration of the principal sum specified in the promissor~• note hereafter descritjed~ re- ~ ~~~~i~•ecl frnm OUTDOOR RF.SORTS OF AMERICA, INC., a corporAtion organized and existing under the Laws. ~ +~f the State ~?f Temiessee, the Mortgagor~ hereby on this~-~ ~day of y» ~ , 192~'. ~ n~+~rtga~es to the Mortgagee the real perty in St. Luc~ County. Florida. described as: , ` i ,~t " ~v~'"Do^ - ~D/ -l~/!v~ 4~Q,~ t; Lot No1r~ ~~n that certain condominium knu~vn as OUTDOOH ~ . n RESORTS OF AbiERICA AT NEITLES ISLAND, as shown Uy~ plat S ~r ~I' \ recorded- in the Ofi'ice of the Cireuit Court in and for St. Lucie County. t~ .~',r„ s~- F'lorida, in Plat Book 16, page 1:1A through 1J. r~~~>> THIS IS A PURCHASE hiONEY 1110RTGAGE a~ ~ecurit~• for the payment of the promissory note of which the followinb is a cop~'~~~~ ~ s te and Disclosure Statemen~'~~°~```~ ~ Installment No ~ F ~ ~ ' : • • . • S% ciC i ~ C~~,.Flori~a ~ ` - 192~ For ~'alue Received, I, v~ e or either of us prom ise to pay to - the order of OUTDOOR RESORTS OF :~~i~:RI('A, INC., P. O. Box 1116, Jensen Beach, Florida, 33457~ or any other place as the holder hereof may, ~l~~:i~,•nate in ~sriting, the sum of ~ ~~-.~ie~ D°~~ars~ ct~i:: sum bein~* the Totat of Paymen s re erred to in the Disclosure Stateme below; which includes a FINANCE ~'EiARGE on the amount financed. payable in~.~ ~ equal consecutive monthly instaliments of =_1 ~-~-each, and the first installment to t,ecome payable on the~day of J~~~F . 1~+'~s , and one such installment to become due and payaUle on the_ % S~ day of each succeeding month ~~?~til the ~vhole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash t~t~f~?re the fina! installment date, the unearned portion of the FINANCE CHARGE shall be rebated under ~}lE' KUIC Of ~Ig~C. In the event of default in the due and punctual payrrient of any installment on this Note for a period of tk~irt~ (30) days, or if any statement, representati~n or v?arranty in any application for the credit evidenced ~ this Note is found to be untrue in any rnaterial respect, or in the event THE UNDERSIGNED, WITHOUT ~rtiE PRiOR ~t~RITTEN GONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBEIt (EXCEPT i~'(1R ANY MORTGAGE ~t'HICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF 4R EN- ~ ! ('UriBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT Oft SUFFER ANY LIEN TO ; F.,l"IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANGED TH80UGH ; THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency. insQlvency (howsoever j e~•idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ( :~~~e shalt become imm~diately due and payable ai 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 I - ~ 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 ciays thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in ~?n amount equal to 5`'l of such installment or $5, whichever is less, and in the event this Note is collected by la« or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, , includin~ rea.~onat~le 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 sufficient amount of such homestead or exemption as may be allowed, including such hc,mestead or exemption as may be set apart in 1~ankruptcy. to pay this note in fuil, ~3ith all costs of collection, ' and do herehy direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the_ indebtedneas evidenced hereby~, or any renewal thereof, and do hereby, jointly and se~•erall~, ap~oint the Holder the attorney in fact for each of them. to claim a~.y and all homestead exemptions alloH•ed i,~• la~. A first mortgage for the security of the aforesaid indebteclness i, retained by OU'1'DOOR RESORTS OF ~ ,~~1F.RICA, INC., on Lot No~'~~n that certain Condominium known aa OUTDOOR RESORTS AT NETTLES I~i,ANU, and on any improvements, fixture.g or after acquired pmperty added thereon. as shown by plat re- c~~rded in the Office of the Circuit Court in and far St. Lucie County. Ftorida, in Plst Book 16, page 1:1A : through 1J. - BO~K PA&E c~ is a 13~~ ~ ; ~ ~ ~ , ~ ~ ~ ,_w ~ ~ ~z-~. ~ ~ ,~58 F' _ 4-4 e-~-~`;'~ _ . . ._~~~~~-~~3 ~ ~~~'w .