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Home My WebLink About0450 1! ! . ~ . ~ 1 ~ ~ ~ . _ ~ _ - ¦ ~ MORTGAGE 32$i~o Bex~v~R~ IY~RSce~ I/ anJ ~"/o~se J. /Ya~esc~il~ ~u.~f~> . the mortgagor. . in cc~nsideration of the principal sum specified in the promissory note hereafter described. re- ceived from OtJTDOOR RESORTS OF AMERICA, INC.. a corporation organizetl and existirig under the Lawa ~ of the Stat f Tennessee. the Diortgagor; hereby on this -3 o da - of--~~ , mortgages tq~,the :Kortgagee the real property in St. Lucie County. Florida~ d~bed as; 19~'.~, / . Lot No. ~ m that certain condominium known as OUTDOOR a~ " AESORTS OF AMERICA AT NETTLES I3LAND. as ahown by plat . _~t recorded -in tl~e OtRce of the Circuit Court in and fQr 3t. Lucie County. `y~ Florida, in Plat Book 16, page 1:1A through 1J. ~Pa~isE~s .,~5.~~_5.~~_D~7,_~~p/~ ~ ` . THIS I3 A PURCHASE ~iOI~IEY MO~~B ~ . As secu~ ity ~or the payment of the promissory note of which the following is a copy : ~ • lnstollr~q~ N te n~ Disclosure Statement ~ ~ ~AY!!~F!fT OF TAXF~ g~.~ 2~80' ouE oN a~ss ~ns~e~.E ~~:~-t~ ~=~o~i?, s~'• ~ vcic Co viv7~y ,~ioriaa w~a~wt? ~ awr~t n•~~t, ~crc cF - 1 ~ort toru~ . 3 o Se,p / 19~ ~ac ~ ~i s~ Wwt a, ~u1, For Value Received. I, we or either of us promise to pay to the order of _ OUTDOOR BESORT3 OF AMERICA, INC.~ P. O. Box 1116. densen Beach~ Flo~r ida. 33457. or any other place as the holder hereof may ~Bo~Goo - designate in v~riting. the sum of~q,E~fl~eas.~.~J?wo Nv~vd~et~~~t-~~v -fe~ie.v ( 28 . o~ ~llars. this sum being the Totai of Payments referred to in the Disclosure 3tatement below. which includes a FINANCE CHARGE on the amounE financed. payable in__~d equal consecutive monthlp inatallments of $-L3 ~-3 ~ each~ and the first installment to become payable on the ~ s~ day of D~ G• f 19_Z~ and one such. installment to become due and payable on the ~ j s~ day of each succeeding month 'i until the whole of said indebtedness (Total of Payments) is psid. In the event of prepayment in ~uU by cash ~ t,efore the final installment date, the unearned portion of the FINANCE CHARGE shall be rebated under ; the Rule of ?8's.- r In the event of default in the due and punctual paynrcent af 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 LTNDERSIGNED. WITHOUT THE PRIOA WftITTEN CONSENT OF THE HOLDER HEBEOF. SHALL SELL, .ENCUMBER (ERCEPT FOR ANY M4RTGAGE WHIGH 1S SECUKITY FOB THIS NOTE) 08 OTHE~tWISE DISPOSE OF OR EN- CUMBEB OB COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT O~t SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGIi THE CftEDIT EVIDENCED BY THIS NOTF. or in the event of the incompetency. insolvency (howsoever evidenced) or bankruptcy of anyone or more of the undersigned. then the entire remaining indebte~ness then due shall become immediately due and payable aL the option of the. holder hereof without demand, preser.±:::~nt or notice of anq kind: Any failure of holder to exercise said option shall not constitute a waiver oi 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 callect, and the undersigned agrees to pay a late charge on such installment in an amount equal to b~~- of such installment or $5, whichever is less, snd in the event this Note ia collected by law or thmugh an attorney at law or under advice thereof, the undersigned agrees to pay aU oosta of collection. ;o ~ including reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ ~ The undersigned and all endorsera or other parties to this :?ote jointly and severally transfer, convey and ~ asaign . to the Holder a suf~'icient amount of such homestead or exemption as may be allowed. including such ~ homeatead or exemption as may be set apart in bankruptcy, to pay th~s note in full. with sU costs of coltection, ~ and do herr.by direct any tr~atee in bankruptcy having possession of such homestead or exzmption to deliver to ~ the Holder a suf~icient amount of prnperty or money set apart as exempt to pay the indebtedness evidenced hereby, qr any renewaj thereof, snd do hereby, jointly and severally. appoint the Holder the attorney in fact for ea.ch af them~ to claim ar.y and all homestead exemptions alluwed by law. A first mortgage for the security of the aforesaid indebtedness is retained by OTJTDOOR RESORTS OF AMERICA~ INC., on Lot No j y>~in thst certain Condominium known aa OUTDOOIt RESORTS AT NETTLES ISLAND, and on any imprcvement~. fixtur~s or after acquired property added thereon, as ahown by plat re- corde~! ~ ir~.. the Oflice of the Cir~uit Court in and for St. Lucie County, Flori~a, in P1at Book 16, page 1:1A through 1J. • - - . ~ . - - - u` ~ ~ ~.~~~u ~ r ~ - - - - - ~ ~ ~+.f:-. - ~ _ ~ __rx