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Home My WebLink About0043 I . _ . _ • . . ' _ 1 ~V ~ 3.~.~ ~~;1~ ~~Jy~p IN PAYMENT OF TAXR OIIE Q~ CL~4S6 'C INTAN6~f~~30f~AL ~Rd~E~lri ~1~'~ M O R T C A G E ~3~'~~ na .~ic~s aF ~Ow roa~ ~+r` --~url rr~ v F W pp l f 1 e . pERR C~IR ~I1R~' A. W!''~ 00' F1} the mort~*~igor, in consideration of the principal sura_ specified in the promissor~• note hereafter described, re- ~•t~i~•ed from OUTDOOR RF.SORTS OF AMERICA~ INC.. a corporation organized and existing under the Laws ~~f the State of Tennessee, the Mortgagor, hereby on this_~7 ~h__.day of ATil _ _ , 19~4_, m~n•tga~,•e~ to the ~iortgagee the real property in St. Lucie Coanty. Florida, described as: Lot No.~9Q11I_in that certain condominium kno~rn as OUTDOOR RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat recorcied in the Ofl?ce of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16, page 1:1A throu~h 1J. THIS IS A PURCHASE MONEY :1tORTGAGE ~E~c•urit~• for the payment of the promissory note of Khich the foilowing is a copy: Installment Note and Disclosure Statement ~ . 7( ~t - T u ~ i e C ~llt1 t Y, . Florida ~ April 17, 197~ F ~~r ~'alue Received. I, ~ e or either of us prom ise to pay to e order of OiTTD00R RESORTS OF :~~1ERI('A, INC., P. O_ Box 1116. Jensen Beach, Flor ida, 33457, or ar~ other place as the holder hereof may f 76/l00 ~1~•~i~?nate in ~~~riting. the sum ofSi x thQUSand ~iX _ hi~ndred t~renty~ ni ne P~ Dollars, ±i~i. ~un~ bein~,? the Total of Payments referred to in.the Disclosure Statement below, which includes a FINANCE ~'IiARGE on the amount financed. payable in__-.9~- -equal consecutive monthly installments of : 64. 06 ______each. and the first installment to become payable on the lst _.day of ~ 1~7 4_; and one such installment to become due and payable on the-_1_st day of each succeeding month until the ~~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ` }~efore the fina! installment date, the unearned portion of the FIh'ANCE CHARGE shall be rebated under ~ l the Riile 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}~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced I;~• this 1`'ote is found to be untrue in any material respect, or in the event THE UNDERSIGNED~ WITHOUT ~ T1iE PRIOR «'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUNfBER (EXCEPT ~'nR ANY MORTGAGE WHICH 1S SECURITY FOR THIS ~TOTE) OR OTHERWISE DISPOSE OF Oft EN- ('L'MBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT Oft SUFFER -ANY LIEN TO F:YIST ON THE REAL PROPERTY PURCHASEU BY THE UNDERSIGNED AND FINANCED THKOUGH TFIE CREDIT EVIDENCED BY THIS NOTE or in the e~ent of the incompetency. insolvency (howsoever e~•idenced) ot ~ankruptcy of anyone or more of the undersigned. then the entire remaining indebtedness then ~lue 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 1~'ote. 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 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 undersigned agrees to pay all costs.of collection, including rea.sonable attorney's fees and court costs to the extent permi.~ted Uy Florida law. ' ' ~ - - ` The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and ~ a,sign to the Holder a sufficient amount of such homestead or exemption as may be allowed, ~cluding such ' ~-a homestead or exemption as may be set apart in bankruptcy, to pay this note in full, ~vith all cost~ of collection, ~ and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to ' the Holder a sufi'icient amount of property or money set apart as exempt to pay the indebtedness evidenced ~ hereb~•, or any renewal thereof, and do hereby, jointly and se~•erall~•, ap~int the Holder the attorr~ey in fact for ~ each of them, to claim ar;~ and all homestead exemptions alio~•eci by law. ' ~ A first mortgage for the security of the aforesaid indeUtedness is retained by OUTDOOR RESORTS OF ~ ~~\1ERICA, INC., on Lot Ivo 0 I~ that certain Condominium known aa OUTDOOR RESORTS AT NETI'LES ISI.Al~'D, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- corded in the Office of the Circuit Court~ in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. ~ BOOx ~2 PACE ~ ~ Yk~4.:~ ~'Y Y~ ~ ~ } _ . . . ~~Y ` . ~i^ Y ~i 65:°r~~ .Y x~~~~ . ~ k~~'"~ . w. w. _ ,..~~.~.r_ ~ ~ a~`~„.~ ~ ~-s-~~.,_