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Home My WebLink About0458 ~ `.,r... - , ~ ~ j ? ~ ; ~ . I ~ ' / • • . 8 G ~t G E ~ 328~.i4~ ` - . ~ . the ~r?ortgagor. in consideration of the principal sum spECified in the promissory note hereafter described. re- ceived ~.from OUTDOOR RF.S08TS OF AMERICA. ING.. a corporation organia ~ a d e cistin under the Lawa • af the' State of "~l'ennessee, the Mortgagor, hereby on this~ day of , 19.~.~1, mortgages to the Mortgagee the real property in 3t. Lucie Coudty. Florida, descri as: ~~r - Lot ~'~.~~~in that certain condominium~ known as UTDOQ~t - \ ~ RESOBTS O.F AMEftICA AT NE'1"I'LES ISI.AND, as shown by plat ~ recorded in the OtY'ice _ of the Circuit Court in and for ~t. I~ucie County, Florida, in Plat Book 16. page 1:1A through 1J. ~P F's~-"' ' ~°U~~~',, TffiS I3 A PURCHAST MONEY MORTGAGE y~Da -~Q/ -Olr(o3 ~D~ As securit f~-t1~ ~ e promiss~ry note of which the following is a copy: ~ . e and Disclosure St te ent . . w ~ ; s! s ~ 19j1~~; t-t~,( '~OtIt~S $ i ~ ~ ~ 29~~ For Value Received. I. we or either of us promise to pay to the er of OUTDOOR BESORT3 OF AhiERICA, INC.. P. O. Box~ 11 6, J ns n Beach~ r ida, 334b7, y r place~ the holder hereof may decignate in writing~ the sum o Dollars, this sum being the Total of Paym ts referred to in the Disclosure Sta en below, which includes a FINANCE CHARGE on the amoent financed. payable in Q r equal consecutive monthly ' atailments of $ each. and the first installment to become payable on ~thP I~day of I9~ and one such anstallment t~ become due and payable on th day of each succeeding month until the wnole of said indebtedness (Total of Payments) is paid. In th event of ptepayment in full by cash ~ before the final installment date, the unearned - portioa of the FINANCE CHABGE ahall be rebated under ! the Rule of 78's. - ~ In the event of default in the due and unctual ayment of a t p p ny ir~stailment on this Note for a period of : ~ thirty (30) days. or if any statement, representation or warranty in any application for the credit evidenced I by this Note is found to be untrue in any material respect, or in the ev~nt THE UNDERSIGNED. WITHOUT THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF,- SIiALL SELL, ENCU%BER (EXCEPT FOR ANY MORTGAGE WHICH 15 SECURITY FOR THIS NO'1'E) Olt OTHERWISE DISPOSE OF OA EN- CUMBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PE~tMIT OIt SUFFEit ANY LI~N TU EXIST ON THE REAL PROPERTY PURCHASED 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 failure of holder to exereise saici option shall not constitute 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 ~:r within ten days thereafter, the holder may collect, and the undersignQd agrees to pay a late cha.rge on such installment in ~ an amount equal to 5~ of such installment or $5, whichever is less, and in the event thia Note is collected by ~ law or thmugh an~ attorney at law or under advice thereof. the undersigned agrees to pay sU costs of collection, ~ ~ including reasonable attarney's feeR and court coats to the extent permitted by Florida law. s~~ The undersigned and all enc~orsers or other parties to this note jointly and severally transfer, cor~vey and ~ assigix'to::the Holder a sufficient amount of such homestead or exemntion as may be allowed, including such ~ hamreste~d• or exemptian as may be sat apart in bankruptcy, to pay this note in full, with all costs of collecEion, ~ ..aiic~ do heFeby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to ~ the ~ioldet: a sufticient amount of property or money set apart as exempt to pay the indebtedness evidenced •h j~y; •~r, ~Iny renewal thereof. and do hereby, ;eintly and severally, appoint the Holder the attorney in fact for ei~c~t of tliem, to claim a~:y and all homestead exemptions allowed by iaw. ~'A<fi~rst mortgage for the secyrity of the aforesaid indebtedness is retained by OUTDOOR, ..RESORTS OF ANi~ERICA* INC., on :.ot No.~~that certain Condominium known aa OUTll00R KESORT3 AT NETfLES I3LA~;~ID. and on any improvements, fixtures or after acquired property ~dded thereon~ as shown by plat re- ~ corded ~=t~e ORfiicce of the Circuit Court in and for St. Lucie County, Florida, in P1at Book 16. page I:lA ~ throug~t #J: ' ~ ~~b.~ . - ~ ~ _ . _ .