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M O R T G A G E _F
FUR"t1A.`iT Tti Cwl,''[-. if-:?+. ~::ZS Of 197L
2tonald C~rlson and Mariorie L. Cariso F~»~w~`
the mort~,?agor. in consideration of the principal sum specified in the promissorp~.dbt~IRcii~r~r`~d ~ ~
cci•reci finrn UITTDOOR RESORTB OF AMERICA. INC.~ a corporation organized and exiating under the Lawa
of the State of Tennessee. the Mortgagor, hereby on this l~th day of_~La ' e~~--, 19~3_,
m~~r:~uge.s to the ~Iortgagee the real property in St. Lucie County, Florida. describ as•
Lot No._._398f II in that certain condominium known us OUTD008
. RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat
recorded in the Ot~ice of the Circuit Court in and for 3t. Lucie County.
Florida, in Plat Book 16. page l:lA through 1J.
THIS I3 A PURCHASE MONEY 1110ftTGAGE ~ G~-~~- ~:::~y st~mps
t1s security for the payment of the promissory note of which the following is a copy: atr~.~a o~~s~~ai note
:nd c~nceUeQ
Instatlment Note and Disclosure Statement
~ ll 933. 76 St. Lucie County . Florida
.
January 10, lg 73
For ~Value Received. I. we or either of us promise to pay to the order of OUTDOOR RESORTS OF
A~IERICA. INC.. P. O. Box 1116, Jensen Beach, Flor ida. 33457. or any other pl~e~~~he holder hereof may
desi~~~te in writi~~g. the sum ofE,;.r~~~~-~~~1~~^'^a th1r~V~t~tr n 1• 933'
7A ~p]1a19~
this sum being the Totai of Payments referred to in the Disclosure St~tement below. ~which includes a FINANCE
C~tARGE on the amount financed. payable i*~ 96 -------"-'---e9ua1 consecutive monthly installment9 of
S 124. ~l ------each. and the first installment to become payable on thp- lst day of~7~e .
19-~. and one such installment to become due and payable on the ls~-day of each succeeding month
until the w~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
before the final instaliment date. the unearned portion of the FINANCE CHARGE shall be rebated under
the Rule of ?8'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 statemenk 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 tTNDERSIGNED, WITHOUT
THE PRIOB WRITTEN CONSENT OF THE HOLDER HEAEOF, SHALL SELL, ENCUMBE~t (EXCEPT
FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
CUMBER OR COMMIT ANY BKEACH OF TAE MORTGAGE OR PEBMIT OR SUFFER ANY LIEN TO
EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGIi
THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howaoever
evidenced) or bankruptcy of anyone or more of the undersigned. then the entire remaining indebtedness then
due shall become immediately due and payable at the option of the holder hereof without demand, presentment
or notice of any kind. Any failure of holder to exereise said option shall not constitute a waiver of the right :
I to exercise the same at any other time. - '
~ Time is of the essence of this Note. In the eve-~t 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 5% of such installment or $5, whichever is less, and in the event this Note is coUected 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 joint~y and severally transfer. convey and
assign to the Holder a sufficient 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 note in full, with all costs of collection,
and do hereby 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 •
hereby. or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the atto=iney in fact for
each of them. to claim ai:; and all homestead exemptions allowed by law.
A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR BESORTS OF
AI~fERICA. INC., on Lot No ~9.~ that certain Condominium known aa OUTI~OOR RESOftTS AT NETTLES
ISLAND. and on any impmvements, fixtures or 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
through 1J.
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booK 214 ~ 905
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