The URL can be used to link to this page

Home My WebLink About0446 ~ • ~ ~ - j r z i } - ~ ..~~_~--~r _ ~_._.__~....'~~f._..._~__'_'_~.~__.. ~ . ! M O T G E 328t4 ~ . ~ y~~ ~~l~~-~ ~u~~~~ e's,~ y I~i~~t M~l. the mort~agor. zn consideration of the principai sum specifi ~I in the promissory note hereafter described~ r~ cei~~ed 1rom ~OiJTDOOR RFSORTS OF AMERICA, INC.~ a corp~~ati~n organized and existing under th~ Laws of-the State ~f Tennessee, the l~iortgagor, hereby on this~day of 19ZT. rqurtgages to the ~ortgagee the real property in St. Lucie County. Florida, descri as: Lot No in that ccrtain condominium known as OUTDOOft. ~ . - RESORTS OF AMERICA AT NE'TTI,ES ISLAND~ as shown .by plat ~ recorded in the Offiee of the Circuit Court in and for St. Lucie County, E Florida. in Plat $ook 16. page 1:1A through 1J. APPR.11SEftS s. . ~ uc~ oNir • '~5t3~.? - 50/ - D'S~/~ - O od~'SL THiS I3 A-PURCHA3E MONEY MORTGAGE As security for the payment of the promissory note of which the following is a coFy: - - Installment Note o~nd Disclasure Sta~ement _ o ao . ~ ~ ~ ~.~t ~ Lu~~w C~y - ~o~aa ~1~ 1r CNM:~co n.~~, ACts OF 1$~ii~, Rn' 19~ ~OGlR t01TRA3 - For Value Received. I. we or eitahEe~r of~uls p~rom s~ ~r~ tld. the order of OIJTDOOR RESORTS OF A~iERICA, INC.. P. O. Box 1116. Jensen Beach, Flor ida. 33457, or any other place as the.holder hereof may designate in writing. the sum of .lN4t~s*.r/ ~ir» r/1,i~_:_ ( •~1 Iyollars. this sum beinb the Total of Payments referred to in the Disclosure Statement be~ow. ~vhich includes a FINANCE CHARGE on the amount financed. payable in_- equal consecutive marfthly instaliments of 4~ each~ and the first installment to become payable on the day of , 19~~, and or.e such installment to become due and payable on the. day of each succeeding month t~ntit the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ h~fore 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 a p yment of any installment on this Note for a period of ~ thirty (30) days, or if any statement, representation 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. WITHOIJT THE PRIOR WRITTEI~T CONSENT O~ THE HOLDER HEftEOF. SHALL SELL, ENCUMBER (EXC~PT FOR ANY MORTGAGE WHICH 1S SECUftITY FO~t THI~ NOTE) OR OTHEBWISE DISPOSE OF OR EN- CUMBE~t OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT Oft SUFFEB ANY LIEN TO EXIST O;d THE REAL PROPERTY PIIRCHASEB BY THE UNDERSIGNED AND F'INANCED THROUG~I THE GREDIT 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 re~maining indebtedness ther~ due shall become immediately due and payable at the option of the holder hereof without d~mand, presentment or notice of any kind. Any failure of holder to exercise said option shall not constit~te a waiver of the right to exercise the same at any other time. . ~ Time ia of the essence of this Note. In the event any installment is not paid when due or within ten days thereafter, the holder :nay collect, and the undersigned agrees to pay a late charge on such instailment in ~ an amount equal to 5 J of such installment or $5, whichever is less, and in the event this Note ia collected by law or through an attorney at law or under adviee thereof~ the undersigned agrees to pay all r.o~ts o{ collection, ' including reasonsble attorney's f~es and court costs to the extent permitted by Florida law. _ The underaigned and all endorsers or other parties to this note jointiy and se~•erally transfer, convey and ~ assign to the Nolder a sufficient amoun~ of such homestead or exemption a4 may be allowed,i:including such ~ homestead or exemption as may be~~ apart in bankruptcy, to pay this note in full, with all co~ of collection, ~ ~ and do hereLy direct r;ny trustee in bankruptcy having pusse5sion of such homestead or exemp*.iortsto deliver to ~ _ the Hotder a sufficient amount o! praperty or money set apart as exempt to pay the indebtedness evidenced ~ ~ hereby, or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the attorney in fact for ~ each of them, to claim any and ~11 homestead exemptions allowed by law. . A first mortgage for the security of the aforesaid indebtedness is retained by OUTDCOR ZtESORT5 OF AMEftICA. INC., on Lot No~.~~~n that cerxain Condominium knovrn us OUTDOOR RESORTS AT NETfLES ISLAND, and on any impmvements, fixtures or after asquired 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, pa~e 1:1A t~lrtrt;,h 1 r. . _ g'3, 3'i ,z,~~ . _ I Y~~ 4 - _ ~ ~'=~.~y^T"e'+~r""~-"r ~S'~~~ _ . - ~~e . ~ . _ `."a • `e3~ . . _ .