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Home My WebLink About0124 , ~y M 0 R T G A G E Thls Instrum~nl Prepared . - ~~5~ ? ~ , • : . . Lynn Rar.!^, ~ , . ~ ~ ' ; Oui~door~ Resort5 . t '.~:~~~ia. lac. John J= Wisnoski and Carol J. wisnos i~ his wife ~ , the mortgagor. in consideration of the principal sum specified in the promissory note hereafter descriUed, re- ~•t~i~•ed fmm OLTTDOOR RESORTS OF AMERICA, INC., a corporation organized and existi~ng Under the Laws ~~f the 5tate of Tennessee~ the :Kortgagor~ hereby on this-12_day of~~'~8~-_ , 19~_, m~~rtg:?ges to the Mortgxgee the real property in St. Lucie County, Ftorida, described as: Lot No.~. 6_II__in that certain condominium know~n as OUTDOOR RESORTS OF A1~iERICA AT NETTLES- ISLAI~TD, as shown Uy plat recoi-ded in the Oft~ce of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE MONEY MORTGAGE g~ •ecurit~• for the payment of the promissory note of which the follo~~ing is a copy: ~ ~ ~ Instaltment Note-and Disciosure Statement - d IN PAY~E~R OF TAXFS . F'torida c..,7020.00 ~n St. Lucie County uc~cumertary Starap p{~ pN lMTAM6IBLE PE:tSi?Nl1L PRO.'ER~Y. - etliud w~ginal noa PIlRSUM(T TO f~4Ar-r^ 71•13A. ACiS Of ly~l. ao0 anawd RC~cE't ~o~T~r~: 19~._ ciFrot c~KCxJ~~cos;s~r s~. ~ucst co.. Fu: For Value Recei~ed, I, He or e~ er of us promi>e to pay to the order of UUTDOOR RESORTS OF a~iERICA, INC., P. O. Box 1116, Jensen Beach, Florida. 33457, or any other place as the holder hereof may <ie:i~nate in ~vritin~,~, the sum of Seve11 thOUS811d tYenty srid Ilo/100 (?020.00~ ~~~ars, this sum bein~,? the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE c'1IARGE on the amount financed, payable in___ 60 equal consecutive monthly installments of ~ 1~ •~--_-each, and the first installment to become payable on the ZS t~day of Ju~y l and one such installment to become aue and payable on the-_ls t day of each succeeding month until the ~vhole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ?~efore the finaF installment date, the unearned p~rtion of the F'INANGE CHARGE shall be rebated under the Rule of 78's. In the etient of default in the due and punctual payment of any installment on this Note for a period of t}~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced t~~• this Note is found to be untrue in an~~ material respect, or in the event THE UNDERSIGNED, WITHOUT THE PRIOR ~VRITTEti' GONSENT OF THE HCILDER HEREOF. SHALL SELL. ENCUMBER (EXCEPT I~ OR ANY MORTGAGE ~'~'HICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- t'UMBER OR COMMIT ANY BREACH OF' THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO E,l'IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ' THE CREDIT EVIDENCED BY TNIS NOTE or in the event of the incompetency, insolvency (howsoever ~ e~•idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then - ~fue shall become immediately due ar~d payable at the option of the holder hereof without demand, presentment ~ t,r notice of any kind. Any failure of holder to esereise said option shall not constitute a waiver of the right ~ to exercise the same at any other time. i ` Time is of the essence of this Note. In the e~~ent any installment is not paid when due or within ten ciays thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in an amount equal to 5~~ of such installment or $5, whichever is less. and in the event this Note is collected by law or through an attorney at la~ or under advice thereof. the undersigned agrees to pay all costs of coll~ction. includinR reasonable attorney's fees and court costs to the extent permitted by Florida law. The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and ' assign to the Holder a suflicient amount of such homestead or exemption as may be allowed, including such ` homestead or exemption as may be set apart in t~ankruptcy, to pay this note in fup, with all costs of collection, and do hereby direct any trustee in bankruptcy ha~ ing possession of such homestead or exemption to deliver to the Holder a suflicient amount of property or money set apart as exempt to pay the indebtedness evidenced hereby. or any renewal thereof, and do hereby, jointly and se~~erally, appoint the Hotder the attorney in fact for _ each of them, to claim any and al( homestead exemptions a11oH~ed by taw. ~ A first mortgage for the security of the aforesaid indebted~~ess is retained by OUTDOOR RESORTS OF i ' ~?11F,RICA, INC., on Lot No.j ~.~~jthat certain Condominium known as OUTDOOR RESORTS AT NETTLES ~ ISLAND, and on any improvements, fixtures or after acquired property added thereon~ as shown by plat re- ' , c~~rded in the Oflice of the Circuit Court in and for St. Lucie County, Florida. in Plst Book 16, page 1:1A ' through 1J. aoo~ zo~ P~~~ ~.z~ ~ f ~ ~ _ . . ,.s, ~ ~ ~ ~2 ~ ` ~ ~ 6., 4; ~ ~ Y "~?+~3 . ~ p`~ 5~ i ~ - ~ ~~l~,~''"~" tY _ 2