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Home My WebLink About0667 , : ~ ~ `~-'i3 ` ~1L7L7 . ~~Yti°'^'v` ~ MO~iTGAG E ~?~c=o~ Kp ~ - ~ c o~ i~S~ ~~I~Z~ - ~t~ ~ iv!~S . ~ ~~~~+C'1~ the mc?rtg~i~o~•. in con3ideration of the princip~tl sum specified in the pt~missory note hereafter described. re- ~•~~i~•ed fr~?m OUTDOOR RESORTS OF AMERICA. INC.. a corporation organized and existing under the Laws uf the State of Tennessee~ the Mortgagor. hereby on this_~~ da~ of ;1~ ~s , 19~ m~? i• t g<<~; es to the 1~tort ga gee the real pmperty in St. Lucie County. Florida, descriUed as: ~t N~._~ 0( ~n that certain condominium known xs OUTDOOR RESORTS OF AMERICA AT NETTLES ISLAND, as sho~~ n by plat ~ recorded in the Oflice of the Circuit Court in and foi• St. Lucie County, Florida, in Plat Book 16~ page 1:1A through 1J. THIS IS A PURCHASE ~iONEY ~IORTGAGE ~ect~rit~~ for the payment of the promissory note of ~vhich the following is a copy: Installment Note and Disciosure Statement_ . ~'~ia~ u 8~ C~,c~~ . Florida ~ - ~ t~+cr~l t~o~E r~~ 1s~ F~~r ~'alue Recei~~ed. I. Ke or either of us prumise to pay to the order of OUTDOOR RESORTS OF :~~II~:RI('A, INC., P. O. Box 111~ ~~en Beach, Florida. 33457, or any other lace as the holder hereof may vSAn..ti'J S/'~G ~t/ivd~ ~ ~/07 ~l~~:i~,rnate in ~~riting, the sum of DoUars, t}~i~ sum Leing the Total of Payments referred to in the sclosure Statement t~elow. which includes a FINANCE c'II~RGE on the amount financed. payable in equal consecutive monthly installments of 3-each, and the first installment to Y,ecome payable on the~~ay of.~ ~ r l and one such instaliment to become due and payahle on the-~~aY of each succeeding month ~ >>ntil the whole of said indebtedness (Total of Payments) paid. In the event of prepayment in full by cash ` t~~•fore the fina! installment date, the unearned portion of the FINANC~ CHAFGE shall be rebated under ~ the Rule of 78's. _ ~ ln the e~ent of d~fault 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~~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT ~ TtIE PRIOR WRITTET' CONSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBER (EXCEPT r 7R ~5;~'l' :~10RTGAGE t~'HICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ('UMBER OR CO~IMIT ANY RREAGH OF THE MORTGAGE OR PEftMIT Oft SUFFER ANY LIEN TO F.\IST ON THE REAL PROPERTY PURC~iASED BY THE UNDERSIGNED AND FINANGED THROUGH TEiE 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 clite shall become immediately due and payable aL the option of the holder hereof without demand,.presentment ~r 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 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 5i• 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 thei•eof, the undersigned agrees to pay all costs of collection, ~ inciuding reasonable attorney's fees ar.d 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 assi~?n to the Holder a sufficient amount of such homestead or exemption as maS~ be allowed, including suc ~ ~ homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of co ecttan, 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 ~ hereU}~, or any renewal thereof. and do hereby, jointly and se~•erallv, appoint the Holder the attorney in fact for ~ each of them, to claim at.~? and all homestead exemptions allo~red b~• la~~•. ~ A first mortgage for seourit,y of the aforesaid indebtecines. is retained by OUTDOOR RESORTS OF A1~F.R(CA, INC., on Lot No~~i~' -that certain Condominium known aa OUTDOOR RESORTS AT NE'ITLES ~ ISI.AI~i), and on any improvements, fixtures or after acquireci property added thereon, as shown by plat re- corded in the Office of the Circuit Court in and for St. Lucie ('ounty, Floreda, in Plat Book 16, page 1:IA ~ through 1J. 600K ~~O PAGE ~ ~ ~ - = _ ~