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Home My WebLink About2836 . ~ ~ . 311! 0'7~. . ~ , . : . , . ~ ~ ~`,6~ . M 0 R.~ G A G E ~ ~ / ~ ~ 4,~ ~ ,CL~1~~~2_~i . , ~ ~,,~_G~r,~ /L~-~~ ~~_~~LS_ ~~,~r i ~ th~~ nu~rt~,~agor, iit consic~eration of he p~•incipal sum specified in the pron~issory note hercafter de~cribed, re- re~i~•ecl from OUTI)OOR RESORTS OF AD'iF.RICA~ INC.. ~ eorporation oi•~;~nized ~~nci existing under the Law~s t ~~t' thr State uf '1'ennes,ee, the Diortgagor, hereb~• on thiti__r~_~ _d~y of _J'~'~f}-~,C~~.ll__ ' ~ 1g~.~ ` moi•t~,?u~,~es to the lfoi•tgagee the real propei•ty in St. Liicie Count~~, I~'lorid~i, desci•ibed as: I T ~a G a ; .ot I~a ~ii that cei•tzin coiidominium kno~~~n as OUTDOOI~ ~ ~ RESOR'I'S OF A11iERiCA AT \'FTTLF.S ISLA1'D, as sho~~~n bS~ plat ~ ~ recorded in the Oflice of the C~~~cuit Court in illl(~ ~Ol• St. Lucie COllllty, ~ ~ ~ Florida, in Plat Book 16~ page 1:1A through 1J. , ~ , THI$ IS A PURCHr1S~: ZIONEI' 1fORT'(:AGE 1 . , . As ,ec~n•it~~. for ihe p~i~~ment of the promissory note of ~~•hich the follc~~~•ing is a copy: _ ~ ; ~ ~ Instol~ment Note-and Disclasur~ 5tatem~nt ~ - C ~ ~ ~ ~u~~~_~~~. ~ - - _ Florida ; - ~~Ga "~a~- a~~a`j~y T~--°3_~_ 19~~ v~ . ~ F~~r ~'alue Recei~~ed, I, ~~•e oi• either of us nrumise to pay to the oi•der of OUTDOc~R RESORTS OF ; ~.11F~.I?I('A, I\'C., P. O. Box 111G; Jensen Beach, Flor ida, 33457, or any other place as the holder hereof-may ~ ~ , _ v de•i~,rn.~te in ~sritin~,r, the stmt of~ ~K.~ ~"~i~G~,~r__~~4-~ ' L~ ~v(_(h yYU) Dollars, ~X this ~um hein~,? the Total of Payments referred to in tti ^ Disclosure Statement be ow~ ~vhich includes a FINANCE ` ~ CIIARGE on lhe amount financed, payable in - equal cQnsecutiv monthly instaliments of ~ ~---f/..~! ~7~'" each, and the hrst installment to become payable on the___-~day of-_ ~1-~.'~c-~_ ~ 1~1_il_S_, ancl one such in~tallment to become due and payal~le on the___~day of each succeedin~ month ~ w~til the «~hole of said-indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ ~ i~efore the final installment date, the wiearned portion of the FI~'AI~`CE CHARGE sh~ll be rebated under ~ the Rule of 78'~-. - ~ ~ ' S I~i the erent of default in the due and puncti~al payment of any i~istallment on this Note for a period of # I thirty (30} dati•s, or if any statemei~t, representation or ~sarrantS• in anS~ application for the credit evidenced i _ b}~ ihis l~'ote is fOUll(~ t0 Ue untrue in any material respect, or in the e~~ent THE UNDERSIGI~TED, «~ITHOUT ~ THE PRIOR ~VRITTEN CONSE\TT OF THE HOLDER - HEREOF, SHALL SELL, r.NCI1biBER _(EXCEPT ~ FOR A\'Y 11iORTGAGE «'HICH 1S SECURITY FOR THIS \TOTE) OR OTHERSVISE DISPOSE OF OR EN- , CUA~BER OR CO~7biIT ANI' RREACH OF THE h10RTGAGE OR PER,IiIT OR SiJFFER ANY LIEN TO ` ~EXIST O~` THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED ~ND FINANCED THROUGH ; ~ - THE CREDIT E~'IDENCED BY THIS NOTE -or in the e~~ent ~z' the incompetency, insolvency (howsoever ~ ~ e~•idenced) or bankruptcy of anyone or more of the imdersigned, then the entire remaining indebtedne~s then ~ : due shali become immediately due a~id pa~•abie at the optio~i of the holdei• hereof ~cithout demand, presentment k or ~iotice of any kind. An} faili~re of holder to e~er~;se said option shall not constitute a wa~~er of the right ~ to exercise the same at any other #ime. _ ~ Time is of the essence of this 1`'ote.• In the event any installment 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 . an amount equal to 5it of such instaliment or $5, whiche~•er is less, and -in tre e~~ent this Note is collected by la«• or through an attorney at law or under advice thereof, the undersigned agrees to pay all c~stS~f llection, - including reasonable attorney's fees and court costs to the extent permitted b~• Florida law. ~ ~ The undersignecl and all endorsers or other parties to this note ;ointl~- ar. ~ severally transf~' c nvey.and - assign t~ the Holder a sufficient amount of such homestead or e~emption as may be allo~ved, iricluding.•such - homestead or exemption as ~nay be set apart in bankruptc~~, to pay this note in full, with all cosfi$~qf collection, and dct hereby direct any trustee in bankruptcy haring posse~~ion of such homestead or etemption to deliver ;to # ` the H~~~er a sufficient amount of property or money set apart as e~empt to pa~~ the indeUted~s ev5~enced . f i hereby, or any renewal thereof, and do hereby, jointly and se~•erall~~, appoint the ~Iolder the atto y in fact•Tor ~ ' each of them, to claim aic~~ and all homestead exemptions allo~sed I~y la«•. _ ~ # A first mortgage for the se~ty of the aforesaid incie~tedness is retained i~y OUTDOOR RESORTS OF ~ Aj1ERICA, INC., on I,ot :Vo.~~in that certain Condominium known aa OUTUOOR R~;SOR1'S AT i`~ETTLES ISI,AND, and-on any improvements, fixtures o: after acquired property added thereon, as shown by plat re- - corded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A . throu~h 1J. 800K~~~ PA~E28~32 ~ ~ - - ~ y9 - ~3a~ .