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Home My WebLink About0040 _ - } i i ; f ~~l~ : i 31.~2~3 M O R T G A G E /E~G1 Tfa ~3•ds G E'~,~ tF~e mort~akor. in consideration of the principal sum specified in the promissory note hereafter described~ r~- ,•~•+~•c~cl fro~n OUTDOOR RESORTS OF AMERICA, INC., a corporation organized and existing under the Laws ~~t' the St.ite of Tennessee, the Mortgagor. hereby on this_~~ day of m~~~~ , 19L-S ~ rn~~ct~?age. to the Mortgagee the real property in St. L cie County. Florida, desrribed as: ~ ~~'oa -~o/-p/~9-Q~~3 t,~•:~~~ ~ ~t 4 ' ~ Lot No.1~f~in that certain condominium known as OUT 08 ~ RESORTS OF AMERICA AT NETTLES ISLAND, as shown Uy plat -S i~ t'~~~ ~'`N~" recorcled in the Of~'ice of the Circuit Court in and for St. Lucie County, , ~ ~ ~ ~ Florida, in Plat Book 16, page 1:1A through 1J. ~ ~~?~~Q ~1 E~.~, ? THIS IS A PURCHASE ~iONEY ~IORTCAGE { ~k v~ ~ ;i. `a'~~ a: ~ecurity for.the p~yment of the promissoiy note of which the follo«ing is a coPy~ ~`~y,(~ ! ~lnstallment Note and Disclosure Statement`'``~ ` ~ \ 5 ; ~ ue . e c-fl _ _ , Florida ~ 9.e ~ H _ 19..~~ F~?r ~'alue Recei~ ed. I, ~ e or either of us pram ise to pay to the order of OUTDOOR RESORTS OF :~~iH:RICA, INC.. P. O. Box 1116, Jensen Reach, Florida. 33457, or any other place as the holder hereof may r ~;r:i~?nate in K•riting. the sum of~'jyti~~r~/_.eYa/~f~ ~e=~~'~!~T~sc~c-p~.~'~ 8~7`~'y~l Dollars. , thi~ .«m Uein~; the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ; ,~}{~RGF, on the amount financed. payable in.. G O equal consecutive monthly installments of t -a'~ each, and the first installment to become payable on the_ day of~d"~ ~ t 19'~3 and one such instailment to become due and payaUle on the~! day of each succeeding month ~~~~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in fult by cash .~t•fc~re the fina! installment date, the unearned portion of the FINANCE CHAAGE shall be rebated under the Rule of 78's. fn the event of default in the due and punctual payment of any installment on this Note for a period of r4~irt~ (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 TNE UNDERSIGNED, WITHOUT ~ i ~rHE PRiOR ~vRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ; ~ ~'OR ANY MORTGAGE WHICN 1S SECURITY FOR THIS NOTE) OR OTHER~YISE DISPOSE OF OR EN- s i ~'C'MBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT Oft SUFFER ANY LIEN 'PO ~ ~:ti1ST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ; i '1'IIE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency. insolvency •(howsoe~er I e~~i~lenced or Uankru tcy of anyone or more of the undersigned, then the entire remaining indebtedness then ~ ~ ~ p ~ ; ~lue shall become immediately due and payable ai the option of the holder hereof without demand, presentment ~ ~ ~~i• notice of any fcind. Any failure of holder to exercise said option shall not constitute a waiver of the right ~ to exercise the same at any other time. ~ ~ fiime is of the es.sence of this Note. In the event any instaliment is not paid ~vhen due or within ten ~ ` ciays thereafter, the holder may collect, and the undersigned agrees ta pay a late charge on such installment in ~ < <!n amount equal to 5`'1 of such installment or $5, whiche~er is less, and in the event this Note is collected by ~ ~ 1;~«~ or through an attorney at 1aw or under advice thereof, the undersiKned agrees to pay all costs of eollection, 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 transf~, convey and ~ as,i~*n to the Holder a sufficient amount of such homestead or exemption as may Ue allowed, ~cluding such ; hc~mestead or exemption as may be set apart in bankruptcy. to pay this note in full, with all costs of collection. ; i and do hereby direct any trustee in bankruptcy_ having possession of svch homestead or exemptio~~to deliver to ~ ; the Holder a sufi'icient amount of property or money set apart as exempt to pay the indebtedDess evidenced ~ hc:rehy, or any renewal thereof, and do hereby, jointly and severalh~, appoint the Holder the attorpey in fact for ~ each of them, to claim a~ and all homestead exemptions alloH~ed b~ laH. ; A first mortgage for the security of the aforesaid indeUteciness is retainecl by OUTINJOR RESOBTS OF :~~'[ERICA, INC., on Lot I~'o/~ that certain Condominium known sa OUTDOOR RESORTS AT NETTLES f:~I.AND, and on any improvements, fixture.4 or after acquired property added thereon, as shown by plat re- ~~~~rded in the Office of the Cireuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:IA ~j throu~h 1J. U R ~ ~ . . gOOx PACE - ; ~ S z f 3~! _ _ ~ ; ~~~~~~bh~ ~ ~ ~ ~ " . _ ~ . r'_~"' '"~~x°~`~„ _ -