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v ~ORTGA~ . 1~'2 _ .
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the mortgagor. in c~nside on of th rinci sum speciRed in the promissory note hereafter:~~` i~.
rei~~eci from OUTDOOR SORTS AME ICA, INC.. a corporation organiz and existing dnde~he:I~4r.s
of the State of Tennessee, tha Mortgagor, hereby on this .`l~_day o ~ 19'
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' ~ Lot Na.211~_in that certain condominium known as . OUTDOOft = ~ ' ` ~
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M~ RESORTS ' aF ~AMERICA AT NE'I'TLES ISLAND, as shown by plat
' recorded in t~e=0flice of the Cireuit Court in and for St. Lucie County. ~•••''.'4
Florida, in Plat Book 16, page 1:1A through 1J. ~'~'u's~^s !t -
_ _ t~~ o~r . `~q,~= SD/ Offi,~,;~, . ::i' -
` THIS Ig A PURCHASE ~iONEY MOItTGAGE ~ ~
As security for th~ payment of the p~oniissory note of which the following is a copy :
Installm~ Note a~~~ureSt eme . _
g puE GN MJIM "C N1TNI81/lE ~
. . ~,~•n 71-1~L 11CT5 OF 1911. , • FloTlda
- ~ ~ . . ~ ' ~_~r, : ~ - .
. ; ` itr.•. = - 19~
5~~ G~iT GWR~. 31. WW! 00~ ~ 02~
' Far Value Received. I, we or either of us promise to pay to the er of OUTDOOR RESORTS OF
A;~tERIGA.~ ING., P. O. Boz 11 , Jensen Beach, Fl ida, 334 or any other pl e as the hotder hereof may
desi~nate in writing, the sum of (~N~) Dollars.
this sum i~eing the Total of Pay ts referred to in t Disclasure Stateme low. which include~ a FIidANCE
('HARGE on the amount financed, payable ir~_ G d equal consecutive monthly_ installments of
Q_~~~~~ _s~each, and - the first instaUment ta become payable on the~-day of
19~. and one such installment ~to become due and payable on th day of each succeeding month ~
?~ntil the whole of said indebtedness (Total of P~yments) is paid. In ~he event of prepayment in ~full by cash ~
' t,efore the 6na} installment date. the unearned portion of the FINANCE CHAAGE ahall be rebated under
~ the Rule of ?8's.
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{ In the event of default in the due and punctual payment of ar~y installment ori this Note for a period of
{ thirty (30) days, or if any . statement. repi~esentation or warranty in any application for the credit evidenced
E by this Note is found to be ~untrue in any ~ material respect, or in the event THE LINDERSIGI~TED, WITHOUT
THE PRIOB WRITTEN CONSENT OF T~IE HOLDER HEREOF, SHALL SELL, ENCUMBEB (EXCEPT
FOR ANY MORTGAGE WHICH 1S SECURITY FOit THIS NOTE) OR OTNERWISE DISPt3SE OF OR EN-
CUA+IBER OR COM3KIT ANY BREACH OF THE MOftTGAGE OR PEftMIT OB SUFFEB ANY LIEN 1~0
EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED A D FINANCED THROUGH
THE CREDIT EVIDENCED BY THIS NOTE or -in the event of- the incomRe~ncy~ insolvency (howsoever
evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then
due shall b~ome immediately due and payable at the ogtion of the holder hereof without demand, presentment
or notice of any kind. Any failure of holder to exercise said 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 or within ten
days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in
an amount equal to 5~ of such installment or $b, whichever is less~ and in the event th~Q IJ~t!? ~i~ collected by
law or through an attorney at law or under advice thereof. the ~andersfgnsd agrees to pay sll custs of collection,
~ including reasanable attorney's fees anci court coats to the extent permitted by Florida law. ~
~ The undersigneci ar.d all endoraers or o~her parties to this note jaintly and severally transfer, convey and
assign to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such
homestead or exemption as may be set apart in bankruptcy. ta pay this note in full, with all cost~~of coAection,
and do hereby direct any trustee in bankruptcy having possession of such homestead or exemptio~ to deliver to
the Holder a sufficient amount of property ar money set apart as exempt to pay the • indebtedness evidenced
_ hereb3•, or any reaewal thereof, and do her~by, jointly and severally, appoint the Holder the attor~ey in fact for
each of them, to claim ai:~~ and all homestead exemptions allowed by law. .
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A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOft R`~30RTS OF
~DiERICA, INC., on Lot No~in that certain Condominium known aa OU'i'DOOB RESORTS AT NETTLES
1SLAND, and on any improv~ments, fixtures or after acquired 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. page 1:1A
through 1J. ' • •P~ ~
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