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HomeMy WebLinkAbout2082 , ~ r . ~ ~ ~8~011 1iA O R-~~ A G E ~ ~~w e~ 3~~o ~ s. 3, s~ ~ds~h~ G~.~~~, the mortg~gor. in consideration of the principal sum specified in the promissory note hereafter described. re- ~•~~i~~ecl from OUTDOOR RESORTS OF AMERICA, INC., a corporation organized and xisting under the Laws ihe Stnte of Tennessee~ the Mortgagor, hereby on this_~~~day of-~- ~ , 19~, murtg:~fies to the Mortgagee the real property in St. Lucie County. Florida, d••rit~ as: ~ Lot No.~~ ~~n that certain cunduminium I(i20L~i1 as OL"fDOOR 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. ~ THIS IS A PURCHASE MONEY 1lORTGAGE security for the payment of the promissory note of which the following is a copy: _ Installment Note end Disclosure Statement St . LutCie Covrity ~.ryorida ~ 8,808.60 - - ~ o~rc. s1N~ ~=~-i-~ c6~ ~ c ~ ~ ~ 19~ For Value Recei~ed, I. ~e or either of us promise to pay to the order of OUTDOOR RESORTS OF :1~iERICA, INC.. P. O. Box 1116~:Je~sen*~e~a,eh,~F~rPd~~~~45~71~'~ydot~ere~l~fi~as the holder hereof may ..:.v~_,~.a~ tt tili~ clt~.i~,rn.?te in ~sriting, the sum of _ ~~n/1 ~O_ - _ ( ~ • ~ ~oliars. it~i. si~m bein~? the Total of Payments referred to in the Disclosure Statement below~ which includes a FIN~NCE i'?~ARGE on the amount financed, payable in '60' equal consecutive monthly installments of ~ ~ lL~ 7 each. and the first installment to become payable on the-~-day of- -1 v w . ' 1 , and one such installment to become due and payaUle on the-_~---day of each succeeding mo~th ' t~~itii the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash • E t,t fore the final installment date. the unearned portion of the FINANCE CHARGE ahall be rebated under E the Riile of 78's. In the event of defauit in the due and punctual payment of any installment on this Note for a period of thirty f30) 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 matcerial respect, or in the event THE UNDERSIGNED, WITHOUT THE PRIOR V~'RITTEN GONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (ERGEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOft THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- t'UMBER OR COMMIT AIvY BREACH 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 undersigned, then the entire remaining indebtedness then due shall become immediately due and payable at the option of the holder hereof without demand, presentment nr notice of any kind. Any failure of holder to e~ercise said option shall not constitute a waiver of the right ; t 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 :hereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in an amount equal to 57 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 note jointly and se~erally transfer, convey and ~ assi~n 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 pa3 this note in full, with all costs of collection, ~ and do hereby direct any trustee in bankruptcy having posse.ssion 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 -se~•erally, appoint the Holder the attorney in fact for each of them, to claim a~:~~ and all homestead exemptions allow~ed by la~r. A first mortgage for the ~ rity of the aforesaid indel~tedne,s is retained by OUTDOOB RESORTS OF AMERICA, 1NC.~ on Lot No.F~-~n that certain Candominium known as OUTDOOR RESOftTS AT NE'ITLES ISLAND. and on any improvements. fixtures or affer acquired property added thereon. as shown by plat re- corded in the Oflice of the Circuit Court in and for St. Lucie County. Florida. in Plat Book 16, page l:lA through 1J. ~ - SooK230 ~2081 , ~ ~ _ - - ~ ~ : ~.~:y: ~ - _ ~ _ _ . . .