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HomeMy WebLinkAbout1071 . -MO~T~AGE . 261013 ~ - ~ ~t . G`~~ v. the mortgagor~ in consideration of the principal sum specified in the promissory note hereafter desc , r~ ~•ei~•eci from OUTDOOR RESORTS OF AMERICA. INC., a corporation orga~ d eristing under the Laas ~~f the State of Tennessee. the Mortgagor, hereby an thi~__2~' day of ~ 19 mortgage~ to the hiortgagee the real roperty in St. Lucie County, Florida, descri as: ~ ~ N,~s~t,~ Lot Na /!3I .~_in that certain condominium known as OUTDOOR ,'.A~,~^`~ u oti~ a~.,~ RESORTS OF AMERICA AT NET"1'LES ISLAND, as shown by plat ss'~p'~' recorded in the Office of the Cimuit Court in and for St. Lucie County~;~ " L ( Florida, in Plat Book 16, page 1:1A through 1J. _~~a;~~'` ~ : ~ ~ / , THIS IS A PURCHASE 11~ONEY MOftTGAGE i~~ ~ securit for the a ment of the romisso note of which the follo~vin is a co ~a`~~ ~v ' Y P Y P rY g PY ~,~a~ 1,~ instatiment Note and Disclosure Stotement~ 795 5, s 2 c.,~i~ ~u E F7or,a8 ~ 19L~ For Value Received, I. ~~e or either of us promise to pay to the order of OUTDOOR RESORTS OF AIiERICA, IhC.. P. O. Box 1116. Jensen Beach, Ftor ida, 33457, or any other place as thgh1 hereof may & 52~1~~ cie~i~nate in writing, the sum ofSeven Thonasnd Nine Hundred Fifty Five ~ 7955, 52 ) Dollars. this sum being the Total of Payments referred to in the Disclosure Statement below~ which includes a FINANCE Cf~ARGE on the amaunt financed. payable in 96 equal consecutiy~e monthly installments of S-$2.87 each, and the first installment to become payable on t~ day of Ov~~ 19_~a; and one such installment to become due and payable on th ~ day of each succeeding month ui~til the whole of said indebtedness (Total of ~Payments) is paid. In the event of prepayment in full by cash t~efore the final installment date, the unearned portion of the FINAI`'CE CHAAGE shall be rebated under the Rute of 78's. In the e~ent 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 evidencec~ this Note is found to be untrue in any materiat respect, or in the event THE UNDERSIGNED, WITHOLTl' THE PRIOK ~VRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBEft (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOK THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CUMBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT Oft SUFFEB ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED 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 undersigqed, then the entire remaining indebtedness then t due shall become immediately due and payable aL the oFtion of the holder hereof without demand, presentment ~ or notice of any kind. Any failure of holder to esercise said option shall not constitute a waiver of the right ' to exercise the same at any other time. Time is of the essence of this Note. In the event an3• 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 instaltment in an amount equal to 5~l of such installment or $5, whiche~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 nate jointly and severally transfer, convey and assign to the Holder a suflicient amount of such homestead or exemption as may t~e aitowed, including such homestead or exemption as may be set apart in bankruptcy, to pay this note in fu11~ with a11 costs of collection, ' and do hereby direct any trustee in bankruptcy having posses~ion of such homestead or exemption to deliver to _ the Holder a suflicient amount of property or money set apart as exempt to pay Lhe indebtedness evidenced hereby. or any renewal thereof, and do hereby, jointly and se~~erallv, appoint the Holder the attorney in fact for each of them, to claim any and all homestead exemptions allo~+•ed by law. A first mortgage for the s urity of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF ; AMERICA, INC., on Lot No. in that certain Condominium known as OUTDOOR RESORTS AT NETTLES ISLAND, and on any improve ents, fixtures or after acquired property added tbereon, as shown by plat re- corded in the Office of the Circuit Caurt in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. ~K~~~ -PAGt1~~ - ~ ~p ~ ~ ; ~ t ~ ~ _v~~,~ ~ ~ . _ , . _ _