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Home My WebLink About1141 f ~ : . ; ~ _ _ _ _ _ r- . _ _ _ . : _ RECFIVEp ' G - ~ ; ~ ° ~ ON CiASS 'C' IMTMI61RlE,~ER90NA1. PORDPERTI~ i ~ Pi1RSlJAN1' TO CFIAp1ER 71~134. 11CTS OF 19 ~ ~'ZOGER PORRAS ~ jJ:~ b".~- 0 R~'G-AG E - ~ - : CIRCUIT t ~ l _L-~_,~"z~ S~' _ ~ ~ ~s~ 1~•~ - = ' the lll0l•tgu~;~~r, lll COIlSI(leYntion of the principal sum ::~iecitied in the ~~romissory note here~fter descril~ed, re- . rc~i~•e~i frum GU'I'I~OOR RESURTS O~' AI1i~RICA, INC., a corpor~ttion or~;~tnezed .ulcl e~isting under the I.~«~s 3 nf the St~ite of 'I'en»essee. the ;~lortgagor, hereU~~ on this__L>_ T d~iy uf-:C~~._._ , 19_~~,~ ~ m~~rt~,?a~,?e; t~~ the ltortga~;ee the real pro~erty in St, I.ucie Countt~, Flo~ ida, de~cribed ~ts: ~ . . _ - ~ , - Lot No._~~~1 iii th~it cei•taiii coiicloniinium kiio~ti•~i as OUT-DOOR. ~ ~ RESORTS OF A11SER1CA AT \'rTT1.ES ISLAI~I), as sho~vn Uy pl~t 4;~~ ~ recoi•ded ii~ the Oftice of the Cireuit Court in ~ncl for St. Lucie Gou~ity, - ~ Florida, ia~ Plat I~ook 16, page 1:1A through IJ. ~ ~~.5"oa -5a/ -~/g8-oo%~ ~ - THIS IS A PURCHASF. 110NE~' \10RTUAGE ~ ~ As ~ecui•it~• for the pnyment of the promissoi•y note of which the follu~ti•in~, is z cop3~: ~ ~ _ - - - Instaliment tdo~e and Disclosure Sta~te~n~nt , ~ ~ ~ 3_ ~~y ~7. - - •_5' % G, v ~ ~~--~-L-~, Rlorida ~ ~ _ ~ _ ,C' r- `1- ~ ~ 5 = - ~t~ _ ~ - 1~ ' Fm- Value R~cei~•ed,, I, ~~•e or eithei• of us }iromise to pay _to~ the order of OUTDOOR RESORTS OF r~~IERICA, INC., P. O. Box 1116, Jensen I3each, y~oo~~is~x~ 33457, or an~other place as the holder hereof may - ~ desic,~z~~te in ~critinfi, the sum o iN~'Tf' ov~~~ j_~~y/~~ (~Z.Y~is.SCo) Dollars, ; - this ,um ~ein~,~ the Total of Pa~~ments referred to in the Disclosure St~tement tielu~ti~, ~vhich includes a FINAI~CE -('Ii~KGE on the amount fin~nced, payable in - equal consecutive monthly installments of 1 1 - - ~ G____ f 5_ J~~!~ eaeh, and the first installment to become pa~able on the__~.~e._T1 day of_!~~ ~ ; ~ 1~_7,.~, aiid one such installment to t~ec~me due and payable on the-_!-5 T~day~ of each succeeding month ~ - imtil the n~hole of s~3id indebtedliess (Total of Payments) is paid. In the event ~f prepayment in fuli by cash hefore the final in~tallment. date, the uuearned portion of the FINA\GE CHARGE shall be rebated under ~ ? - _ ~ the Rule of 78's. - : - - _ : ~ In the e~ent of default in ihe due and punctual_ pa}~ment ef a2iy installmeiit on this Note for a period of - ' ~ thii•t~• (30) d~ys, or if any statement, representation or ~~arrant~• in any application for the credit evidenced - b~~ this ~'ote is. found to be untrue in any material respect, or in the event THE UNDERSIGI~ED, ~'VITHGUT TNE PRIOR ~~'RITTE\ CUNSENT OF THE HOLDER ~HEREOF, SHALL SELT~., Ei~1CUMBER- (EXCEPT ~ . FOR AN1' hiORTGAGE ~VHICH 1S SECURITY FOR THIS N~TE) OP. OTHER~'~'ISE DISPOSE OF On EN- C'U~1BFR OR C011DiIT Ah'Y RREACH OF THE riORTGAGE OR PER1~iIT OR SUFFER ANY LIEN TO ~ EYIST ON THE REAL PROPERTY PURCHASED BY THE U:~'I)ERSIG\TED AND FINANCED THROUGH _ ~ TtIE CR~DIT Ei'IDE~`CF.D SY TtIIS NOTE or in the e~~ent of the incompetency, insoh~ency (howsoever { e~•idencecl) or i~ankruptc~• of anyone or more of the undei•si~ned, then the entire i•emairying indebtedness then due shall become immediately due and pa~•able at the optio» of the holder here~f ~~•ithout ~lemand, presentment f or notice of any kind. Any failure of holder to e~ercise said o~tio~~ shall not const;tute a~vaiver of the right to exercise the same at any other time. ~ ~ Time is of the essence of this Note. In the e~~e~rt aiiy installment. is not paid ~~~hen due or within ten . days thereafter, the holder may collect, and the undersi~;ned agrees to pay a late charge ~n such. instatlment in an amount equal to 5;~ of such installment or $5, whiche~•er is less, and in thc event this Note is coltected by ~ 1a~1 or through an attorney ~at law~ or under advice thereof, the undersi~;iied agrees to pa}l a11 costs of coliection, includinfi reasonable s~torney's fees and court costs to the extent permitted by Florida la~v. ~ _ - The undersign~ and all endorsers or other ~,artics to this note josntl5 and severall~ transfer, convey and assign td- the Holder_ a sufficient amount of such horr.esteaii or• etemption as may be-allowed, including such homestead or exemption as may be set apart in bankruptcS•, t~ pay fhis note in fuil, ~~~ith all costs of collection, ~ and .do hereby 3irect any trustee in bankruptcy having possession of such homestead or exemption~ to deliver ta ~ , the Holder a suf~icient amount of property or money set apar± as exempt to pa} the indebteciness evidericed hereb~•, or any rene~val thereof, and do hereb;; jointly and se~•ei•ally; appoint the Hol:ler the attorney in fact for _ ~ each of them, to c]aim a~:~~ and all homestead exemptions ailo„-ed by la«~. _ _ ~ A~irst ;nortgage for the security of the aforesaid indebteclness is retained i~> OUTDOOR RESOKTS OF ~ A~iF.RICA, INC., on I.ot Nak~~in that c2rtain Candominit~m known aa OUTDOOR RESORTS AT NETTLEu ~ ~ iSLA~ U~ and on any improvements, fixtures or after acq~~ired property added thereon, as shown by plat re- ~ - corcled in the Office of the Circiiit Court ~n and for St. Lucie C'ounty, Flor'sda, in Plat Boak 16, page 1:1A ~ thrau~*h IJ. BOOKl~~c7 FAt~f ~~,40 ~ ;