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Home My WebLink About2463 ~ ~3_~.!~fi~.5 ~ MORTGAGE . . y~ ~~~---~!!_~~r' 1_~o,~fs1 L~~~ __/~~f~~f ~-~i~.<: <:.=:=-t`~_y 1i_,...=. i~'~_~ '4 the murt~;;~},~or, in co»sider=iiion of the principal SU111 specified in the promis~or~~ note hereafter describeci~ re- ~ cei~•~~d frum OU'I'I)OOR RFSORTS OF A111ERICAt INC., a coi•poi•atio» oi•gznized and ezi~ting tmde?• the La~~~s ~ ~~f the State of 'I'en»e;;ee, the liort~;agor, herel~y on this ao_~ _dz~• of 1~~7~, . nwrt~,~a~,~e. to the \fortg~i~;ee the real property in St. Lucie County, Florid~, ilescribed ~s: ~ Lot IVo.•5o o. ___~n that cei•t.ii~i ca»don~inium k~iu~~~n as OUTDOOR ~-n~ ~ _ ~ . ?.FfIREQ T0 ~ ~Li3-~ RESORTS OF ANF.RICA AT \ETTI,F.S ISL:~ND, .~s sho«~r, b~• plat r,~k;~~,~,u ~rpjE recorcled in the Otiice of the Circuit Co:~rt in aiui for St. Lucie County, Floi•ida, i~i Plat-I3ook 16, p~ge 1:1~ throi~gh 1J. - THIS ~IS A PURCHASE AiONEI' ;liORT(.A(.F. ~La1,- SC~j- C~~~7 ~ As ,erw•it~• for the pa~•ment of 1h~ promissory note of ~~~hich the follo~~~iu~; is ~ copy: ~ 3 3 ~ Insta~l~t t ar~~ D~sclosure-Sfa em t PAYI~fENT QF TAXES ' ~ ~ DUE ON C I TAN~E pE:~SpN,~~ pROPER(Y~ , Florida ~ $-f-J--~ PURSUANT TO CNAPTER 71-133. ACTS OF 19/1.. ~ _ ROGER PDfiRAS /1!~ ~ C1.ERK- CIRCUIT COURi, Si, tt1CIE Op., F~,q, . -~r- 191~_ ~ F~r ~'alue Recei~~ed, I, ~~•e or eifher of us prum i~e to p y to the order of OUTDOOR ~RESORTS OF ~ ~~,IiLF:i('A, ItiC., Y. O. Box 1116, Jensen each, Flor ida, 334~7. or any other place as the hold~r hereof may ~o _ dc~ignate in «•ritit~~;, the sum of~sf~c.C_ - ~llt,i~~~(~ ~r Y~Yo ) Dollars, ~ - this sum bein~ the Total of Payments referred to in th~osure Statement t~c~low, which includes a FINANCE . . ~ _ CIIAI:GE on the amouht financed, payable i~L-_ ~ -~eQ ~ equal consecutive monthly installments of ~ ~.7~ 5~ 9 _ . ~ n~-" ~ each, and the first installment to become payat~le on the _day of- , ~ 1~1 and one such installment to become ~lue and pa~~ai~le on the__ 1'°'~c~ay~ of each succeeding month ~ until_ tne ~~•hole of ~aid indebtedness (Total of Payments) is paid. In •the e~~ent _of prepayment in full by cash - ~ _ before the tinal installment date, the unearned portion of the FI:~'A\CE CHARGE shali Ue_ rebate~ under ~ the Rule of i8's. - ~ - ~ . ; In the e~•ent of default in the due and unctual a•ment of ai~y instalime~it on this Note for a ~ p p y period of ~ _ thirt~• (30) days, or if any statement, representation or u•arranty in an}• application for the credit evidenced _ b~~ this ~'ote is found to be untrue -in an~~ material respect, or in the e~~ent THE UNDERSIGNED. Zi~ITHOUT ; _ THE PRIOR ~~'RITTEi~' CONSEh`T OF THE HOLDER HEREOF, SHALL SELL. ENCU;~iBER (EYCEPT ~ FOR A\`Y 11tORTGAGE ~VHICH 1S SECURITY FOR THIS ~TOTE) OR OTHER~VISE DISPOSE OF OR EN- CU11iBER OR COMMIT ANY BREACH OF THE hiORTGAGE OR PERi1iIT OR SUFFER ANY LIEN TO ~ ~11ST O\' THE REAL PROPERTY PURCHASED BY THE UilTD~RSIGNED AND FINANCED THROUGH ~ ~ ~ THE CRF.DIT E~'IDE~TCED _ BY T~iIS i~'OTE or in the event of the incompetency, insolvency {howsoever s e~~idenced) or bankruptcy af anyone or more of the tmdersigned, then the entire remaining indebted~s then ~ due shall become immediately due a~id pa~~able at the option of the holdei• hei•eof «~ithout demand, presentment ~ _ or notice of any kind. Any failure of holder to e~ercise said option shall not constitute a waiver of the right ~ to exercise the same at any other time. r - _ Time is of the sssence of thic Note. In the event any instaliment- is not paid ~vhen due or ~vithin ten ~ days thereafter, the holder may collect, and the unde~•signed a~rees to pay a late charge ~n such anst Iment in _ an amount equal to 5`/ of such instaliment or ~5, «-hiche~•er is less, and in the event this Note is•~co ected by law or through an a~torney at law~ or under advice thereof, the undersi~,?ned agrees to pay all costs'EOf :ollecfion, _ including reasonable attorney's fees and court costs to the extent permitted Uy Florida la«-. t` - r.~ - - = _ The undersigned and all endorsers or other parties to this note jointl~• and severally transf~~ convey _and assi~,~Il to the Holdei• a suffici~nt amount of such homestead or eYemption as may be allo«•ed, includin~ su~h ~ homesteaci or eyemption as may be set apart in bankruptcy, to pa~• this note in full, «~ith all cost6 of callection. = and do hereUy direct any trustee in bankruptcy having posseGsion of such homesteacl or eiemptio`n,to deliver to ~he Holder a sufficient amount ~ of property or money set apart as exempt to pay the indebted~ess evidenced - ; hereb~•, or any renewal thereof, and do hereby, jointly and se~~erall~~, appoint the Nolder the attorney in fact for each of them to clai i.~~ , m a„ and all homestead exemptionti allo~~~ed U~• la«•. - ~ A first mortgage for the sec ity of the aforesaid indel~tedness is retained by OUTDOOR RESORTS OF A~iERICA, INC., on Lot N~ ~n that certain Condominium. known as OUTJOOR RESORTS AT NETTLES ~ ° ISI,A\'D, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~ cordecl in the Of~ice of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page.l:lA ~ through 1J. ~ r ~ 600K ~~0 PAGE ~4~1 ~ ~ ~.s~, i3 3 ~