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Home My WebLink About2671 , _ ~ ~ i ~ ,~c MOR~GAG E ' ~N ~ ~ • Gv,~~.~ q~,~o ~ ~ ~ 25~815 ~~-,c,~~~"~.~.~ C~, s w, o ~ the mortgagor, in consideration of the principal sum spec~fied in the promissory note he fter described. re- cei~•ed from OUTDOOR RESORTS OF AMERICA, INC., a corpor~tion organized and existing under the Laws uf the State of Tenness~e, the Mortgagor, hereby on this.~p. C~day of ~Ly"e ~i= ~ , 19'~ . mortgages to the Mortg$gee the real property in St. Lucie County. Florida, described as: Lot No.~~~ ~in that certain condominium known as OUTDOOft RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat recorded in the Office of the Circuit Court in and for St. Lucie County, Florida. in Plat Book 16, page 1:1A through iJ. THIS iS A PURCHA3E MONEY 1~IORTGAGE As security for the payment of the promissory note of which the following is a copy: . ; Installment Note ond Disclosure Statement g_ 7, 019 .40 ~ y ~a P~r~Er~r oF T~ St . Lucie Co. ouE oN ~ ,C Florida •~~a~wr to qwPrEa ~i-i~. ecr~ iyP~a'~~rr, ~oc~ Porrww?s ~ ~`j` ~~E~- ~D ~s~ CIFWt CIRGIR GOflftT. Si. UlCIE For Value Received. 1, we or either of us prom~se '~o"~? to the order of OUTDOOR RESORTS OF ~tiiERICA, INC., P. O. Box 1116, densen Beach, Florida, 334b7, or any other place as the holder hereof may ; designate in writing, the sum of Seven thousand niAeteen 40/100 ~ 7, 019.40~ ~llars, this sum being the Total of Payments referred ta in the Disclosure Statement below, which includes a FINANCE C'HARGE on the amount financed, payable in_~___ ~(Z equsl consecutive monthl installments of ~16.99 each, and the first installment to become payable on the l`~r day of ; 1 J_~, and one such installment to become dae and payable on the~day of each succeeding month untii the whole of said indebtedness~-(Total of Payments) is paid. In the event of prepayment in full by cash t,efore the fina} installment date, the unearned portion of the FINANCE CHARGE shall be rebated under the Rule of 78's. In the event 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 ?>y this Note is found to 1~e untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT THE PItIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBEIt (EXCEPT FOft ANY MORTGACE WHICH 1S SECURITY FO~t THIS NOTE) OA OTHEftWISE DISPOSE OF OR EN- CUMBER OR COMMIT ANY BREACH OF THE MOftTGAGE OR PE~tMIT OR SUFFEB ANY LIEN T~O EX1ST ON THE REAL PROPERTY PURCHASED BY THE UNDEKSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever evidenced) or bankruptcy of anyone or more of the undersigned. then the entire remaining indebtedness then due shal! become immediately due and payable at the option of the holder hereof without demand, presentment or notice of any kind. Any failare of holder to exereise said option shall not constitute a waiver of the right ±o exercise the same at any other time. Time ia of the esxence of this Note. In the event any installment is not paid when due or within ten days thereafter. the holder may callect, and the undersigned agrees to pay a late charge on sach installment in an amount eqnal to 5% of such instal)ment or $5. whichever is less, and in the event this Note j,a collected by law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, including reasonable attorney's fees and court coAts to the extent permitted by Florida law. The undersigned and al! endorsers or other partiex to thig nute jointly and severally transfer, conxey a~d a.g~ign to the Holder a sufl''icient amount of such homestear! or exemption as may be allowed, including such homestead or exemption as msy be set apart in bankruptcy, to pay this note in full, with all coats of collection, and do hereby direct any truatee in bankruptcy having po:isexxion of such homextead or exemptioa-to deliver to ihe Holder a sufi'icient amount of property or money xet apart ass exempt to pay the indeatedn~sa evidenced hereby, or any renewal thereof, and do heret,y, jointly and xe~~erally, appoint the H~Ider the attornCg in fact for each of them, to claim any and all humeKtead exemptiunx all~,w•ed t,y Iav?. ' A firat rr~ortgage for the aecyrity of the aforexaid indet,teclnuss ix retained t,y OUTINJOR RESORT3 OF AM~RICA, INC., on I.ot No~1~in that cettain Conduminium known as OUTI~OR RE.SORT3 AT NE'ITLES ISI.ANI), and on any improvement~, fixturea or aitar acyuired pmperty added thereon, aa shown by plat re- corded in the 41~ice ut the Circuit ('~,urt in und tor St. l.ucie ('aunty, Fbtida, in Plat fjuuk 16, page l:lA thruuqh 1J. ~ f ri+cZ~ ~ :x . . jy: v.. a ~ ' ri ' - ~ - .~+.2;y~ ~ a~ g-`~ ~ m - _