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Home My WebLink About0492 ~ ~ l 1~ 3~ , IK PAYMIENT Of TAXES ~~t)`~`~ OUE ON Cl/\SS'C INTANGIBLE PERSONAL PROPERIII~ PURSUANT TO CHAPT~R 11J 31. ACTS OF Ib/l. . RUuER POITli~C ,~l~~ CLERK CINCUIT OlktRi. ~1. l'~t:1E CO., fu , ,..MORTGAGE . ~ - , ~ ~ i a .r~ ~ ~ Je R~ /tl N~o~ ,vs fa .c~ , the mortgagor~ in consideration of the principal sum specified in the promissory note hereafter described~ re- ceived from OUTDOOR RESORTS OF AMERICA, INC., a corporation organized and existing under the I.swa o[ the State of Tennessee. the Mortgagor. hereby on this_ day of 19~~ mortgages to the Mortgagee the real property in St. Lucie County. Florida. deacr~bed as: in L.oL No. r"~ in that certain condominium known as OUTDOOR RESORTS OF AMFRICA ~ AT NE'CfI.ES ISLAND, as shown by plat recorded in the Oifice of the ~ . Circuit Court in and tor St. I.ucie County, Fiorida, in Plat Book 16, paRe l:lA through 1J. r~,R"""s ' .,C~S~ - ~ g/~~ l~00 9 ucE en~r ~ , THIS IS A PURCHASE ~tONEY MORTGAGE As security for the pa~•ment of the promissory note of which the follawing ie a co~y: instollment Note ond Disciosure Stateme t g~L'l O • 6?I - ~ Florida ; ~ ~ ~ 19~ For Value Received, 1, we or either of us prom ise to pay to the order of OUTDOOR RESORTS OF ~ AMERiCA, INC., P. O. Box I11 Jensen Beach, Flor ida. 33457. or any other place as the holder hereof may de.i~,?nate in writing, the sum of __~c.[ ~S(/ ~iU• QD - this sum being the Total of Paymen referred to in the i)i,closure Statement below. which includes a FINANCE ('HARGE on the amount ~ financed, payable in __~_Q equal consecutive monthly installments of •-S0 each, and the first installment to become payable on the ~~ay of- 19_ 2.~!, and one such installment to become due and payable on the- _~~day of each succeeding month ~~ntil the whoie of said indebtedness (Totai of Payments) is paid. In the event of prepayment in full by cash t,efore the fina{ installment date. the unearned portion of the FINANCE CHAAGE shall be rebated under ehe Rule of 78's. In the event of default in the due and punctual payment of any installment on this~ Note for a period of thirtv (30) days, or If Ar1V atatPmPnt. rvn~pgPntBtlQri 4T Yd$Cf».^.±~ 8.^.~ °~^,~^,~;~r!'.^!! ty+o f`Pp(~1t evidenced by this Note is found to t~e untrue in any material respect, or in the event THE UNDERSIGNED. WITHOL)'f THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL. ENCUMBEB (EXCEPT FOR ANY MORTGAGE WHICN lS SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CUMBER OR COMMIT Ah'Y BREACH OF THE MORTCAGE OR PERM[T OR SUFFER ANY LIEN TO ; EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERS[CNED AND FINANCED THROUGH ~ ' TNE CREDIT EVIDENCED BY TNIS NOTE or in the event of the incompetency, insolvency (howecever j evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedneas then ~ due shall become immediately due and payable al the option of the holder hereof without demand, presentment E or notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right i to exerciae the same at any other time. _ ~ € Time is of the essence of this Note. In the event any instaliment is not paid when due or within ten ~ days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in r an amount equal to 5~ of such instaUment or $5, whichecer is less, and in the event this Note ia collected by ~ law or through an attorney at law or under advice thereof, the undersigned agrees to pay al! coata of collection. including reaaonable attorney's fees an~ cuurl costs to the extent permitted by Floricia l~~+, ~ " ~ The undersigrned and all endorsers or other parties to this note jointly and severally transfer. convey snd $ assign to the Holder a sufficient amount of such homestead or exemption as may be allowed, ir~.luding such 5 homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs''ot collection, ~ and do hereby direct any truatee in bankruptcy having posseG~ion of such homestead or exemption~o deliver to ~ the Holder a sufficient amount of property or money set apart as exem t to a the indebtedn p p Y ~as evidenced hereby, or any renewal thereof. and do hereby, jointly and se.•eraliy, appoint the Holder the attorn~y? in fact for t each of them. to claim any and all homestead exemptions allov?•ed bS• law. C'• - - 4 ' A fir~1 mnrtKaKe tor the securit~ of the aforesaid indebtedness is retained b}• O[?T[)nOR RF,SOK7'S OF A11~E~ RICA. INC.. ~ ~ Lot I~o. -~n ihat certain Condominium known as OL?TUOOR ~ESORTS AT ` \F:TTLF:~ I~I.A\[). and on any imprm•ements, fixtures or after acyuirPd prnpert}~ added thereon, as show•n by ~at recorded in ~ ih~~ nffi~f• nf th~• ('ir~uit ('~wrt in an~i for St. I.UfIP Count}•. Ftorida, in Ylat F~x~k 16, pa~e 1:1A throuRh 1J. ~ y ~ ~ ` ti ~ 6 . ' ~ "r.+ PAGf - ~ ~ _ ~ ~Y~ _z_ . - - ~ _