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Home My WebLink About2459 - _ . _ - - ~ ` . . # ,-1 ; ~ • ~ ~~~.~it 3 . : . ~ ~ ~3~,2 ~ t - MORTGAGE /s~9~'e~~t~y- ; _ ~ _L~ /7~ ~~,~~J,~c- c.c`.u' 7~~ ~ y~j/(s~ 6~_._1 1..~ ~~~KI ?l~ 1~-LCl GtJ [.rSz ! / 2~ i pS~ ; the moi•t~;agoi•, i~i consicieration of the prmc~pal sum specified in the promissor~• note eafter escribe~, re- ~ . rei~~ed ~'rom OUTDOOR RF.SORTS OI~' AMERICA, INC., a corporation organized and existing under the Laws i of the State of Tennessee, the 1liortgagor, hereby on this_-~~ ~ day of ~1 ~/~-G~ , 19.2~, i moi't~,r214;E'i to the Dioi~tgagee the real property in St. Lucie Gounty, Florida, described as: f ~ Lot No.~? ~'-~ii that certain condominium known as OUTDOOR ~~$~o ~ RESO~TS OF AMERICA AT NE'I"I'LES ISLAND~ as shown by plat ~RlG~W1l. ~10TE ~ recorded in the Office of the Gircuit. Court in and for St. Lucie County, : Floi•ida, in Plat Book 16, page 1:1A through 1J. : _ - ~.~n~- ~z>/- L~ ~r_:~~/~ ~ ~ THIS IS A PURCHASE D10NEY MORTGAGE ' ; As securit~• for the p~~~ment of the proinissory note of which the follo~ving is a co~y: ~ ~ ~ Installment Note and Disclosure S ate ent ` ~ ~~c~ Florida ? ~v ~~--~=f~ . RECEfVEO ~ IN PAYMEHT Of TAXES ' j DUE ON C(ASS'C INTAMGIBLE ~ERSONAI. ?ROPCRTY, 19~~ f RURSUANT TO CiiAP:FR 71•134, ACTS OF 19)1. ~71~ . i R0~ E? f'OIT!`4•: ~ - - ~ For ~'alue Received, T~IE~CtA~U~~t04sn~,o#c.~u~cw•omqi~?. to ay to the order of OUTDOOR RESORTS OF A11EI:ICA. INC., P. 0: Bot 1116, Jensen Beach, Flor ida 33457, or any other place a~ the holder hereof may ~.l~ . de5ignate.in writi»g, the sum.af~X._ ~ ~'~C ~Oy.~T Dollars, s this sum beinb the ToY~I of Paymenxs referred to in the Disclosure Statement below~ which includes a FINANCE CfiARCE on the amount financed, payable in ~ equal consecutive monthly 'nstallments of ~ . .~-f ~ ~ g__~1 r_each, and the first installment to become payable on the ~-day of- , 1~?_l anci one such instaUment to become due and payable on the day:of each s ceeding month ; until the ~vhole of said indebtedness (Total of Payments) is paid. In the event o~ prepayment in full by cash ~ before the fina! instaliment. date, the wiearned portion of the FINANCE CHARGE shall be rebated under ~ the Rule of 78's. . ~ - In the_ e~ent of default in the due and punctual payment of any installment on this Note for a period of - thirty (30) days, or if any statement, representation or warranty in any application for the ~credit evidenced - : by this Note is found to be untrue in any material respect, or in the event THE IJNDERSIGNED, WITHOUT THE PRIOR `VRIT'I'EN CONSENT OF THE HOLDER HERE6F~ SHALL SELL~ ENCUMBER (EXCr,PT i ° FOR ANY MORTGAGE WHICH 1S SECURITY FGR THIS NOTE) OR OTHERWISE DISPOSE OF OFc EN- ~ CUMBER OR COMbiIT ANY RREACH OF THE M0~2TGAGE OR PERMIT OR SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT EVIDF,i~'CED BI' THIS NOTE or in the event of the incompetency, insolvency rhowsoever evidenced) or bankruptcy of anyone or more of the und~rsigned, then the entire remaining indebtedness thgn due shall become immediately due and payable at the option _of the holder hereof without demand, presentment or ~atice of any kind. . Any failure of holder to erercise 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 ar?y installment is not paid vvhen du~ or within ten _ days thereafter, the halder may collect, and the undersigned agrees tu pay a lai.e ch~rge on such an~t Iment in an amount equal to 5~~ of such install;nent or $5, whichever is less, and in the event this Note is:co ected by - law or through an attorney at law or under advice the;•eof, the undersigned agrees to pay all coste~f ollection, including reasonable attorney's fees and court costs to the extent-permitted by Florida law. R : ~ . The undersigned and all endorsers ~or other parties to this note jointly and severally transfEj, convey`and 7 assi n to the Holder a sufficient amount of such homestead or exem tion as may be allowed, includirig surch ~ I~I . fi P . homestead or exemption as may be set apart in~ bankruptcy, to pay this note in full, with all cos~vf collection, ' and do hereUy direct any trustee in bankruptcy having possession of such homestead or exemptio~~o deliver:~to # the Holder a sufficient amount of property or money set apart as exernpt to pay the indebtec~ess evidenced ~ hereUy, or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the attorney in fact for each of them, t~ claim any and all homestead exemptions alloweci by law. - ~ i _ - - - - ~ ~ A first mortgage for the secylity of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF - ~ ~ = AbiERICA, INC., on Lot \To~~~~in that certain Condominium known as OUTDOOR RESORTS AT NE'I"tLES _ r' ISLAND, and on an~ improvements, fixtu~es or after acquired property added therec~n, as shown by plat re- y corded in the Office of the Circuit Court in and for St. Lucie .County, Florida, in Plat Book 16~ page 1:1A through 1J. _ - ~ p R r : ~ . soox 240 P~,~~s~~~ ,3 3, ~ ; ,