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Home My WebLink About0438 t f i ~ , ~ f ~ r ~ - . ~ ~ • i ' ~ . MORTGAGE 328 - - ~~a,6er 1~ C/`~e~ / aiv d G/o.P~ a C h~e w ~ fe~ , the mortgagor, in conaideration of the principal sum specified in the promisaory note hereafter described, r~ ceived from OUTDOOR RESOBTS-OF AMERICA. INC.. a corporation organized and exiating under the..I~aws of the State` of Tenn°essee, the Mortgagor, hereby on this 2 8 day of ~ ~ 19_~-f mortgages to the Mortgagee the real property in St. Lucie County, Florida. described as: - Lot No ~~d ~in that- certain condominium known as OUTD008 ~ ~ RESOBTS OF AMERICA AT NETTLES ISLAND, as showrr by plat -~t~ y-b - recorded in the 08ice of the Cireuit Court in and for St. Lucie County, - Florida~ in Plat Book 16, page -1:1A through 1J. . • THI3 IS A PUACHASE MONEY MORTGAGE As secur}ty f~r the payment of the promissory note of which the following is a copy: ,,/~~~.o~`_~~` Instailmen Rlote and D~sclosure Statemen~ T ~ o.~,o ~S Z' ~~A~r. s t. G. ~ Go ~N y ~ , Floriaa ~ ~ ~ ~~crs.o~ i9n. . ~ ~-5~er~ f ~ ~g~,,~"` - For Value Received. ~~/41~~,l1~ ~ us~'promise to pay to the order of OUTU00B RESOBTS OF AMERICA, INC.~ P. O. Box 1116, Jensen Beach~ -Flor ida, 33467, or any other place as the holder hereof may deci~nate i~ writing~ the sum of r/f!/`f~~ euS~Nd Two /~~Ndt~ S% ~I c~ol~if-S ( 2~0• M)~llars~ this sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ~HARGE on the amount financed. payable in GG equal consecutive monthly instaltments of g____~_~ ~ a a each. and the first insi~aUment to become payable on thp ~ s t day of ~c ~ , 19~~., and one such installment to become due and payable on thp ~ I S~ day of ea~cl~ succeeding month until the wfiole of said indebtedness (Total of Payn~ents) is paid. In the event of prepayment in full by cash 1~efore the fina} installment date, the unearned portion of the FINANCE CHABGE ahall be rebated under i the ftule of. ?8's. - ~ - i ` ~ In the event of default in the due and punctual payment of any installment on this Note for a periorl of ! thirty (30) days, or if any statement, re~resentation or warranty in any application for the credit evidenced ~ by this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT THE PRIO~t WBITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBEK (EXC~PT FOR ANY M08TGAGE WHICH 1S SECURITY FOB THIS NOTE) OR OTHEBWISE DI3POSE OF OR EN- CUMBER OR COMMIT ANY BREACH OF THE MORTGAGE OB PERMIT 08 SUFFER ANY LIEN TO EXIST ON THE REAL PROPFRTY PUItCHASED 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 ~ or notice of any kind. Any failcre of holder to exercise said optian ~h~tl not conatitute 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- days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in 2n amoant equal to S~. of such installment or $5, whichever is less, and in the event this Note is celler-ted 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 permittecl by-Florida law. ~ The undersigned and all endorsers or other parties to thia note jointly and severally transfer, convey anc~;° ~ assign to the Holder a sufficient amount of such homestead or exemptio*? as may be allowed, including suchN homestead ~r exemption as may be set apart in bankruptcy~ to pay this note in fuU, with alI costs of collection,Mp• and do hereby direct any trustee in bankruptcy having possession of such homEStead or exemption to deliver to~ the Halder a suflicient amount of property or money set apart as exempt to pa3? the in3ebtedness evidenced ~ ~ hereby~ or any renewal thereof, and do hereby. jointiq and severally, appoint the Holder the attorney in fact for~ ~ each of them, to claim ai;,~ and all homestead exe~nptions allowed by law. ~ A first mortgage for the security ~f the aforesaid in~ebtedness is retained by OUTD40~ RES4RTS_OF' AMEBICA, INC., on Lot No.LL~n thst certain Condominium known aa OVfDOOR RESOItTS AT NETTLES ISLAND, and on any improvements. fixtures or after acquired property added thereon, as ahown by plat re- ~ corded . in the Gffice of the Circuit Courti in and for St. Lucie County, Florida, in P1at Book 16, page. ~:lA through ld. • - ~ . . • . _ _~~,~{~:~;r - - _ - _ _ - . _