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Home My WebLink About0039 ~ • , _ , • . ~ ~r;,- :vG~ ` ~ MORTGA ~ '1~1 _ . ~ f~` ~ l ~ P ~ ~ ~ ~ the mort~*.~~ar~ in consideration of the principnl sum specified in the promi~.sor~~ nute hereafter described. rP- ~•E•i~•ed fmm OUTDOOR RESORTS OF AMERICA. INC., a corporation organi~ a~d existing under the Laws ~~f the State of Tennessee, the 1liortgagor~ hereby on this~.~day of___. v : 19~~, m~,~•tg:?~:e~ to the Mortgagee the real property in St. Lucie County, Florida, described as: Lot No.__G~--in that certain condominium known as OUTDOOR = RESORTS OF AhiER1CA AT NETTLES ISLAND, as shoHn b~~ plat ; recorded in the Of~'ice of the Circuit Court in and for St. Lucie County~ ~ F'lorid~, in Plat Book 16. page 1:1A through IJ. , THIS IS A PURCHASE DiONEY ~iORTGAGE ~ securit~• for the payment of the promissory note of which the following is a copy: ~ ~ Installment Note and Disclosure Statement , ! p~~~ . ~~7j!/Dl~¢i . Florida - J ~ 19~ _ i For Value Recei~~ed. I, We or either of us promise to pay to the order- of OUTDOOR RESORTS OF ~ :~~1E:Rf('~, INC., P. O. Box 1116, Jensen Beach, Florida, 33457, or any other p~ace as the holder hereof may ~ 11~•~i~nate in ~rritinfi; the sum o1~..^~~ f~'xd-~~ ~ ~~~Q~'O-~ Dollars. ; ti~i: ~iim being the Total of Payments referred to in the Disclosu~tement below, which includes a FINANCE ; c'I{ aRGE on the amount financed, payable in-__~6 ~ equal consecutive monthly instaliments of = ? j/~. ~~.____-each, and the first installment to become payable on the ~-day of- S e ~ 1 ~ 7~'~ , and one such installment to become due and payable on the-_~---day of each succeeding month t:~~til the whole of said indebtedness (Total of Payments) is paid. In the e~ent of prepayment in full by cash ~ ; t~E~f~re the hnai installment date, the unearned portion of the FINANCE CHARGE shall be rebated under , ~ t c~ P~ule of ?8's. . ~ In the event of default in the due and punctual payment of any installment on this Note for a period of if~irty (30) days; or if any statement. representation or warranty in any application for the credit evidenced ~ ~ ~ h~• this Note is found to be untrue in any material respect, or in the event T~iE UNDERSIGNED, WITHOUT ~ Tt~E PRIOR «'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT z FC)R ANY MORTGAGE WHICH 1S SECURITY FOA THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~ ~ i'L'MBER Oft C011iMIT ANY BREACH OF THE MORTGAGE OR PERMIT Oft SUFFER ANY LIEN TO ; r,lIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED Al~'D FINANCED THROUGH ` TfIE CREDIT EVIDENCED BY THIS NOTE or in the event of th~ incompetency, insolvency (howsoe~•er e~-idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then - ~ ci~~e shall become immediately due and payable at the option of the fiolaer hereof without demand, presentment or 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 clays 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, 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 unclersi~ned agrees to pay all costs of collection, ~ includinR 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 assi~n to the Holder a sufficient amount of such homestead or exemption as may be allowed, tncluding such ~ homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all cost~ of collection, and do hereby direct any trustee in bankruptcy having possession of such homestead or e:cemptioa. to deliver to ~ the Holder a sufi'icient amount of property or money set apart as exempt to pay the indebteciness evidenced ~ heret,~•, or. any renewal thereof, and do hereby, jointly and se~ erall>•, appoint the Holder the attorney ~n fact for eacti of them. to claim a~ and all homestead exemptions allo«•ed b~~ laH•. A first mortgage for the security of the aforesaid indeLtedness is retaineci by OUTI?OOR~RESORTS OF ; ~ A~iF.RICA, INC., on Lot No.~s~ in that certain Condominium known as OUTDOOR RESORTS AT NETTLES I~I,AND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~ c~~r~led in the Oflice of the Cireuit Court in and for St. Lucie Caunty, Florida, in Plat Book 16. page 1:1A `hraugh 1J. ~ 001~ ~+J~ PAGf ~ ~ - - _ - - - _ , _ ~ ~ ~ ~cx~.-~,~ ; v r~ ; ~ ~ ~~~z~-`-~~~~'~~x~, „ ~ - ` ~s ....-.a _ . . ...~a?z'~ . _ ~..';u:^~a ~ _ ~,~,a.-`~_