The URL can be used to link to this page

Home My WebLink About0434 ~ ; ~ _ 1 - , s t ~ - 4 _ ~ . ~ 32 ~ ti - MORT'CAGE _ 8133 . . '.~/zr.~J~~~~~n~iv ~-•C ~iL~~v /n~Ga~vs~.v lc~,~~) the mor~gagor. in conaideration of the principal sum specifted in the promissory note hereafter described. re- ceired from OUTDOOR RESORTS OF A:IRERICA, INC., a corporation organized and existing under the Laws of the State of Tennessee~ the Mor~gaSor, hereby on thi~_day of 19 s1, mortgages to the l~iortgagee the real property in St. Lucie County, Ftorida, ~escribed as: Lot No,/~a~in that certain cor.dominium known as OUTDOOIt RESORTS OF AMERICA AT NE1'TLES ISLAND~ as shown by plat s,r recorded in the Office of the Circuit Court in and for St. Lueie County. Florida, in Plat Book 16. page 1:1A through 1J. M~l•,-•-~ ~ ~'A-~ ~l Ul~ UNiY . • ~K -S4~'(~.7.7~. ~ THIS I3 A PURCHASE MONEY MORTGAGE . ~ As secuiity ~r the payment of the promissory note of which the followirig is a copy : _ '~'t Installmen N te and Disclosure Statement - ~ g lo ~ , lT~ ~ 7 . N~ ?~r~T~n' L ~,«/6 _ ~ Florida DIE ON M~'C ~ . • w~wR t~ awaa n.i~, ~o+~ cF ~w~. ~~r l . ~t pRMS . 19~_ For Value Received. jr~W~~~•~~i~se to pay to the order of -OUTDOOR RESORTS OF AMERICA, INC.. P. O: Box 1116. Jensen Beach~ Flor ida. 33467~ or any other place as the holder hereof may ~ desisnate in writing, the sum of ~2 ~ k~~,[t/L ( ~ Dollars, this sum bein~ the Total of Payments referred to in the Disclosure Statement below, which includea a FINANCE CHARGE on the amount financed, pays~le in. ~r4 equal consecutive monthly installments of $ ~O~ ~ each, and the first installment to become payable on th~_~ day of_~.~,A.,~ , 19~, and one such installment to become due and payable on the~day ~f each succeeding month until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash before the final installment date, the unearned- portion of the FINANCE CHARGE shall be rebated under ~ ; the Rule of ?8's. ~ In the event of default in the due and punctual payment of any installment on this Note for a period of f thirty (30) days, or if any statement. representation or warranty in any application for the ct~edit evidenced ~ by this Note is found to be untrue in any material respect, or in the event THE UNDER3IGNED, WITIiOUT ' T~iE PRIOR WftITTEN CONSENT OF THE HOLDEB HEREOF~ SHALL SELL, ENCUMBER (EXCEPT ~ FOR ANY MORTGAGE WHICH 1S SECUftITY FOR THIS NOTE) Oft OTHERWISE DISPOSE OF OR EN- CUMBEft OR COMMIT ANY B~tEACH OF THE MOBTGAGE OR FERMIT Oft SUFFEA ANY LIEN TO EXIST ON THE REAL PRQPERTY PU~tCHASED BY THE UNDEftSIGNED 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 beoome immediately due and payable at. the option of the holder hereof without demand~ presentment or notice of any kind. Any f~ilure of holder to exereise said option shall not conatitute a waiver of the right ~ to exercise the same at any other time. ~ ~ 15me is of the essence of this Note. In the event any installment is not paid wben due or within ten days ,~~,exeafter, the holder may collect, and the undersigned agrees to pay a late chsrge on such installment in ~ dn 'amou~}~ J-eslt~al to 5~ of such inst~liment or $5. vrhichever is le~s, and in the event this Note ie collected by ~ lAw :or•t~l raatgh; ~n attorney at law or under advice thereof~ the undersigned agrees to pay all coats of collection. ~ ir~cluding.-tea9pnhWe attorney's fees and court costs to the extent permitted by Florid$ I~w. ~ - ~ : ~ ~ ` ~ - " ' ' - ..z 'The nnc;e _igned and till endorsers or other parties to this note jointly and severally tranafer, convey and~a ~ .,assi~x to t~je~#~alder.a sufficient amount of such homestead or exemption ~as may be alluwed, including such~ ~ ~ ~a~me~~ad oF ekemption as may be set apart in ~ankruptcy, to pay this note in full, with all costs of collection, ~ ~n~_'~ -her~Eiy direct sny tr~stee in bankruptcy having possession of such homestead or exemption to deliver to~ f~;,~-~,,. ~~rtlike'' a suflicient amount of property or money set apart as exempt to ~ pay the indebtedneas evidenced hereYrq'. `~r` any renewal thereof, and do hereby. jointly and sev~rally, appoint the Holder the attorney in, fact for~ each of them, to claim a~y? and a11 homestead exemptions allowed by law. - . A first mortgage for the security oi the aforesaid indeb~edneas is retained by OL)'fD00B BESORTS O~ AMEBICA, INC., ot~ Lot No~in that certaih Condominium known aa OU'I'DOOR ~tESORT3 AT NE'TT'L ISGAND. and on any impro~ements, flxturea or after acquired property added thereon, as shown by plat re- corded~ in the Ofl~c~ .of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16. page 1:1A through 2J. ~ - ~ _ _ ~x~Y~, , _ ~,,.r.~~ ~~ry~ ~,4' ~ ~ ~ ~ ~a . _ < . _ _