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Home My WebLink About2840 S ~ 6 ~ ~ ~ ~ ~ . . ~ ~~.o~~ 7~~ . ~ iviORTGAGF ~ ~ ~ ~ ~ • ~ ~ _ - _ ~!-~l__~i__s" t~ ~ ~ ~ d _l~el~? H~ s f~~~ =_~u,, re _ the mort~;~i~;o~•, u~ c~snsideration of the pri~zcip~il sum specified i~i the ~~romissoi•~• note hereafter ciesei•ii~ed, re~ - r~~i~•ed fron~ OUTDOOR RF.SORTS OF AhiCRICA, INC., ~ corporation organized :~nd existin~ uncier the Laws ~ ' of the St:~te of Tennessee, the l~fortgagor, hereUy on this_1 Z-cia~~ of~~' ~_l , 19-7,~, ` i mort~,r.i~,re. to tiie \ioi•tgabee the i•eal propei•ty in St. Lucie.Cou~it~~, Florid~, ciesci•ibed as: a Lot No.~ _y8 ~ in that. certain condominiur.~ knon•n as OUTllOOR ~ ~ RESORTS OF A1iERICr~ AT NETTI.ES ISLA\D, as sho~~•n by plzt ~ recorcied in the Oflice of the Circuit Court in and for St. Lucie Cotmty, ~ Florida, in Plat Book ~16, page 1:1A through 1J. ~ i ~ THIS IS A PURCHASE IiONEY ~IORTGaGN: . ~ ~ As securit~• for the plt~ment of the promissoi~y~ note of ~~•hich the follo«•ing is a copy: - ; installment Note and Disclosure Statement ~ - - ~ q ~~y U . ,L~ G~~u11~~ Flor~da - ~ -~r ,13s- ~ . -L-~- -~1~a K c ~ _ 1~..~-s_ ~ Fui• ~'alue Recei~•ed, I, ~~•e or either of us prum ise to pay to the order of OUTDOOR RF.SOrTS OF ~ A1I~:I:IC~, I\'C., P. O. Box 1116, Jensen F3each, Flor ida, 33457, or any other place as th holder h~reof may i yo f,~ = de•i~nate in ~~•riting. the sum of~~~ ~jii/~ __SE'E-t,~l~?ivdt~cd J~~L~Niy ~v v~-~ 7Y yo ) Dollars ~ this SUill being the Total of Payments referred to in the nisclosure Statement below, which includes a FINANCE K CIIA~tGF, on the amount financed, payable in_-_ S!x f"V . e~ual consecutive monthly installments of ~ T--- ~ ~___f each; and tne first installment fo become payaUle on the ~s~-_day of- ij _ 1~_~~~, and one such installmen~ to become due and payabie on the- da~ of each_ succeeding month ~ ~ - until the ~~•hole of said indebtedness (Total of Payn~ents) is paid. In the event of prepaS ment in full by~ cash ~ i?efore the final instaliment date, the unear~ied portion of the FI?~'A\CE CHARGE shall be reUated under the hule of i8's. . - ~ _ L~ the e~•ent of default in the due and pwictual payment. of any installment on this I~'ote for a period of ~ . thirty (30) day~s, 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 UNDERSIGNED, ~VITHOiJT ~ ` THF. PRIOR ~~'RITTE\ COI`TSENT OF THE HOLDER HEREOF, SHALL SELL. ENCUbiBER (EXCEPT ~ FOR A\'Y DiORTGAGE «'HICH 1S SECURITY FOR THIS NOTE) OR OTHER~VISE DISPOSE OF OR EN- f ~ C;U;~iBER OR C01111ViIT ANY BREACH OF THE 1110RTGAGE OR PERAiIT OR SUFFER A1VY LIEii TO _ ~ E~IST OAT THE REAL PROPERTY PURCHASED BY THE U1~DERSIGI`'ED AND FINANCED THROUGH - TIiE CRF,DIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency ~hOWSOGVCI- - ~ evidenced) or I~ankruptcy of anyo~ie or ~ore of the undersigned, then the entire remaining indebtedness then ~ ~ due shall become immediatel~~ due and payable al the option of the holder hereof «•ithout demand, presentment ~ or notic~ of any kind. A~iy failure of holder to e~ercise said option shall not constitute a«~aiver of the right ~ to exercise the same at any other time. , ~ , . _ _ , Time is of the essence of this Note. In the event an:~ installment is rot paid when due or within ten % 7 i days thereafter~ the holder may collect, and the undersigned agrees to pay a late charge on such installment in - - an amount equal to 5;4 of such inctallment or S~. «hiche~•er is less, anci in the event this Note is collected by ` - lati~~ or trrough an attorney at law or under advice thereof, the unders~gnecl abrees to pay all costs of ollection, ~ ~ includin~ reasanable attorney's fees snd court costs to. the extent permitted by Florida law. ; - . , ; # - The undersigned and all endorsers or other parties to this note jointl~~ and severally trans~ c veyaand assign to the Holder a sufi'icient amount of such homestead or exemption as ma~• Ue aliowed, y~lu ing ;such homestead or exemption as may be set apart in hankruptcy, to pa~ this note in full, «•ith all cost~'of collection, ' - and do~hereUy direct any trustee in bankruptcy having possession of such homestead or etemptio~to deliver to i ~ . the Holder a suflicient amount of property or money set apart as e~empt to pay the indebtedness evi~denced ; ~ - hereby, or any renewal thereof, and do hereby, jointly and sererally, appoint the Holder the attor~ in fact for i _ - each of them, to claim a~.~~ and all homestead exemptions allo~;•ed U~~ la«~. ~ _ A first mortgage for the security of the aforesaid indebtedness is retained by OUTUOOR RESORTS OF A11tERICA, INC., on Lot No.~n that certain Condominium known as OUTll00R RESORTa AT I~TET'!'LES ISLAi~tD, and on any impro~ements, fixtures or after acquired pmperty added thereon, as shown by plat re- i~ corded in the Office_ of the Circuit Court in ai;:~ for St. Lucie County, Florida, - in Plat Book 16, page 1:1A , ~ through 1J. - ~ R 24U ~•+~7~~ ~ ~ g00K PA~~ - i~ ~ ~3a~ ~r:~r._ . _ . . . . 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