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Home My WebLink About0900 Y~ 1p 254812 HE:.EIYiO s.- `'t ~ ' ~:R F y. NEhT Of TAXFS ~,~?1 . M O R T G A G E °~E INI~GifCE PEr.Spt~Al pROPERPl~ PURSIIANT 10 CFNPiER 71•13~. ACTS Of 1y71 ROIiER r01T(WS ~jc~s~ ltonald CarlsQn arid Mariorie L Carlspn r~rau r~ttqllT O[~URT, si, wr.~eu.. Eu the mort~*agor, in consideration of the principal sum specified in the promissory note hereafter described, r~ ~•ei~•eci fi-om OUTDOOR RESORTS OF AMERICA, INC., a corporation organized and existing under the Laws ~~f tfie State of Tennessee. the Mortgagor. hereby on this lA.~i day of , 29._.Z3_, murt~,n:ges to the Mortgagee the real property in St. Lucie County, Florida, descriUe as: Lot No 396 II in that certain condominium known as OUTDOOR RESORTS OF AMERICA AT NEITLES ISLAND, As shown by plat recorded in the Office of the Cireuit Court in and for St. Lucie County, Florida~ in Plat Book 16, page 1:1A through 1J. pocumen;arY StamD: THIS IS A PURCHASE MONEY MORTGAGE . ~uud ons~Ra~ nots el?ed ~ A, security for the payment of the promissory note of which the following is a copy: ~ r~"` ! i Instaliment Note and Disclosure Statement ~ ~ 11t933. 76 - St. Lucie County , Florida Januar~~0, 19~~ ' Foe• ~'alue Receired, I. we or either of us promise to pay to the order of OUTDOOR RESORTS OF A~iERICA. INC.. P. O. Box 1116. J~nsen Beach, r'tor ida. 33457, or any other p~e,~~~~he holder hereof may ~le.i~;nate in ~vriting. the sum of.Sleven th[LSanc~ IliI1B-.~Ii *"tr three ~ l, 9~'i..?e Dollars, this ,um beinb the Totai of Payments referred to in the Disclosure Statement below, which includes a FINANCE ('IIARGE on the amount financed. payable in 96 ---------~--equal consecutive monthty installments of ~ l?~4. 31 ------each, and the first installment to become payable on the lst day of~~ ~ 1 ~_'7~, and one such installment to ~ become due and payable on the_ lst day of each succeeding month untii the whote of said indebtedness (Total of Paymeats) 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 TS's. - In the event of defautt 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 t,t~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT TtiE PBIOR WRITTEN CONSENT~ OF THE HOLDER HEREOF. SHALL SELL. ENCUMBER (EXCEPT ~ OR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) Oft OTHERWISE DISPOSE OF OR EN- ~ C'UMBER OR COMMIT ANY BREACH OF THE MOftTGAGE OR PERMIT O~t SUFFER ANY LIEN TO j EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH f 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 tnen f due shall become immediately due and payabte at the option of the holder hereof without demand, presentment ' or notice of any kind. Any failure of hotder to exercise said option shall not constitute a waiver of the right ~ to exercise the same at any other time. : ~ : t Time is of the essence of this Note. In the event any instaliment is not paid when due or within ten ; clays thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in ; j an amount equal to 5`y of such installment or $5, whicheti•er is less~ and in the event this Note is 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 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 Nolder a suflicient amount of such homestead or exemption as may be allowed, including such homestead or exemption as may be set apart in bankruptcy, to pay this no`te iri full, with all costs of collection, ~ and do t~ereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to ; ; the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced f hereby, or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the attorney in fact for ~ each of them, to claim ai:~? and all homestead exemptions allowed by law. ; . . ~ A first mortgage for the secnriLy of the aforesaid indebtedness is retained by OtJTDOOR RESORTS OF ` AMERICA, INC., on Lot No. 396/Id that certain Condominium known aa OUTUOOR RESORTS AT NETTLES ~ ISI.AI~'D, and on any improvements, fixtures or after acquired property added thereon. as ahown by plat re- R ~ corded in the Office of the Cireuit Court in and for St. Lucie County. Florida, in Plat Book 16. page 1:1A i through lJ. ~ 8Q~x2~.4 ~R~~ 90~ , ~ , - - - ~.~~w ~.~5 = - - - ~ ~