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Home My WebLink About0663 ~ ~8~~ss ~ . ~ ~ ;Y~~ ~ MORTGAGE L. o~T~-~n~ , _~i2 F D.t ~~(Ej2 RI ~r~ o E~ t t t~e murt~*~igor, ui consideration of the principal sum specified in the promissor~~ note hereafter descrii~ed~ re- ~•ri~•~~ci fiY~m OL'TDOOR RESORTS OF AMERICA. INC.~ a corporation organi and r~sting under the Laws ~~f the State of Temiessee~ the Mortgagor, hereby on this~~ day of- _ , 19~, m~~rtga~;e~ to the Diortgagee the real property in St. Lucie County. Florida, descriUed a~: Lot No.-_7--'~ ~ in that certai~t condominium kno«n as OUTDOOR RESORTS OF ADiERICA AT NETTLES ISLAND, as shown Uy plat recordecl in the Ofi'ice of the Cireuit Court in and for St. Lucie Courety, Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE MONEY 11iORTCAGE ~ecurit~• for the payment of the promi~sory note of which the follo~ving is a copy: - Installment Note and Disclosure atement ~ ~L~ D _ • UC.! L ~ 0 , Florida FU. DOC. ST!~ ^ _ AfFIxEO •r /~j-/, ~ 19 iAilGtNAI NOiE ~~--F- ~ F~~r ~'alue Recei~•ed, I, e or either of us prom ise to pay to the order of OUTDOOR RESORTS OF :\~iN:Ri('A. INC., P. O. Box 1116, Jensen Beach, Flor ida. 33457, or any other place as the holder hereof may ~l~•~i~,mate in ~~ritin~, the sum of~! _ ~ ^ ~~5~ ~tii. si~n~ ~eing the Totai of Payments referred to in the b~closure Staterfien t~elow. ~vhich includes=a FINANCE t' i i A tZGF on the amount financed. payable in i~ equal consecu~,,i j~onthly installments of ' s- i r~~, ~each. and the first installment to become payable on the ~ day of ~ ~ ~ ~ . E 1 and one such instaUment to become due and payable on the___~day of each succeeding monEh ; ~~ntil the ~~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash P t~F~fore the fina} installment date, the unearned portion of the -FINANCE CHARGE shall be rebated under the Rule 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 t}~i?•ty (30) days, or if any statement. representation or warranty in any application for the credit evidenced ~ t~~• this Note is fou~rd-to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOLTT T}iE PRIOR «'RITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL~ ENCUMBEft (EXCEPT ~ F~~R ANY MORTGAGE W'HICH 1S SECURITI' FOR TIIIS ~TOTE) OR OTHERWISE DISPOSE OF OR EN- c'L'MBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PER11iIT O~t SUFFER ANY LIEN TO I~:YIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH TFIE CREDIT EVIDENCED BY THIS 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 cl~~e shall become immediately due and payable at the option of the holder hereof without demand, presentment ~~r notice of any kind. Any failure of holder to exercise 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 any installment is not paid when due or within ten ; days thereafter, the holder may collect, and the undersi~ned agrees to pay a late charge on such installment in - ~ici amount equal to 5~~ of such installment or $5, whiche~er is le~s, and in the event this Note is collected by ~ la~s or through an attorney at law or under advice thereof. the undersiKned agrees to pay all costs of collection~ includin~ 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 ~ a,si~n to the Holder a suflicient amount of such homestead or exemption as may be allowed, including such h~mestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all cos~g of collection, ~ ~ and do herei~y direct any trustee in bankruptcy having posses~ion 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 herebS•, or an~ renewal thereof, and do hereby, jointly and se~-erali~~, appoint the Holder the attorney in fact for ~ each of them, to claim a~ and all homestead exemptions allo~red by la~~. `F A first mortgage for the security of the aforesaid indebtedne,s is retained by OUTDOOft RESORTS OF l ~ ~1~iERICA, INC., on Lot No~~.in that certain Condominium known as OUTDOOR RESORTS AT NETTLES ~ ISI.~?ND, and on any improvements, fixtures or after acquired pmperty added thereon, as shown by plat re- ~ corded in the Of~'ice of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A throubh 1J. ~ t aooK PacE ~s~ : . ~ - - - ~ ~ ~ - - _ ,