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Home My WebLink About0470 f ~ 1 . ~ ; ~ # . ; . . ; _ ---_L - - ~ 328~~~~: : : ~ ~ - MORTGAG~E ~ ~ ~ C/~~r ~e S~r e~~r ~Nal Dofel~i~ •~.J' c,p~ej c~ ~~ire~ the mortgagor, in conairleration of th principal sum specified in the promissory note hereafter described, re- rei~ c~i `from aUTA00R RESORTS OF AMEftICA, INC., a corporation orgunized and axisting under the- Lawa uf the State of Tennessee. the Mortgagor, hereby on this l~ -=da~v of ?~T-~ ' 19~.,f; mortbages to the ~ortgagee the real pruper~y in St. Lucie County. Florida. described as: Lot No ~~5~~ in that certain condominium known as OUTDOOR ~ RESORT3 OF AMERICA AT NETTLES ISLAND. as shown by plat ~ ~ recorded in the Oti'ice of the Circuit Court in and for 3t. Lucie County. 1+'}~ Florida. in Plat Book 16.-page 1:1A thmugh 3d. ~~~5E.~5 • ~ • ucE o~~Y .'~5d~ -~O/--DyGt/- ~ ~S ~ ~ THIS IS A PURCHASE MONEY MURTGAGE As security for the payment of the promissory note of which the following is a copy.: _ ~ - instailment N t d Disclosure Statement ~ 7p Q, y p ~ • M Nerw~r oF~~l jS~` ~ v c~~ ~ o v.v f v Flori a ~-i'u' OIE 011 ~lA9R IN*11N01/tE rER50l~A1 M01'QIY. d PURSl1Al1* ro C~"' • ",'t A~;tS OF 19n. j~ ~ f`J - 19..~~ For Value Received, i, we~ePil~' tf'f 'us prom se~t pay to the o!~!~er of OUTDOOR RESORTS OF A~iERICA. INC.~ P. O. Box 111~. Jensen Beach. F'lor ida, 33457, or any other place as the holder hereof may designate in writing, the sum of ~ L° f~ v J( e. d) Dollars~ this sum being the Total of Payments referred to in the isclosure Statement below, which includes a FINANCE ~ CHARGE on the amount financed, payable in 6 ~ equal consecutive monthly installments of e l y`7 ~ 3~ each, and the first instaUment to become payable on the ~ S r day of ~G ~d 6 e~'' , 19 7 Y~ and one such installment to become due and payable on thp I S t day of each succeeding month until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash before the final instaltment date. the unearned portion of the FINANCE CHABGE shall be rebated under ; the Kule of ?8's._ - , ~ ~ In the event of default in the due and punctual payment of any installment on this Note for a period of i thirty (30) days. or if any statement. represen~ation or warranty in any application for the eredit evidenced by this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED, WITHOUT THE PBIOB WRITTEN CONSENT` OF THE HOLDER HEREOF. SHALL SELL. ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FO~t THIS NOTE) _ OR OTHERWISE DISPOSE OF OR EN- ~ CUMBEB Oft COMMIT ANY BREACH OF THE MORTGAGE C1R PERMIT OA SUFFER ANY LIEN TO ~ EXIST ON THE REAL PROPERTY PURCHASED BY T`HE UND~RSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incQmpeter.cy, inaolvency (howsoever evidenced) or bankruptcy of aayone ar more of the undersigned, then the entire remaining iridebtedness then due shall become immediatelq due and payable at the option of the •holder hereof without dei:~and, presentment or notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right to exercise th~ same at any other time. - - Time is of the esaence of this Note. In the event any instailment is not pa;d when due or within ten days th~reafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in ~ an amount equal to 6~ of such installment or $S, whichever is le.ts. and in the event this Note is collectgd by ~ law or through an attorney at l~aw or under advice thereof, the undersigned agrees to pay sll cos~ ef cellection, ~ including reasonable attorney's fees and court costs to the extent permitted by Floriiia law. , ~ ~ The undersigned and ~ll endorsers or other parties to this note jointiy and se~erally transfe ; cainvey snd ~ asaign to the Holder a suflicient amount of such homestesd or exemption as may be allowed, i~cluding such ~ homestead or exemption a+a may be set apart in bankruptcy. to pay this note in full, with all cos~ bf collection, and do hereby direct any truatee in bankruptcy having possession of such homestead or exemption tp deliver to the Holder a suflicieut amount of property or money set agart as exempt to pay the indebtedness evidene~d heretiy, or any renewal thereof, anc~ do nereby, jointly and severally, appoint the ~Io1~3er the attor~tey in fact for each of them, to claim at:, and aJl homestead exemptions allowed by law.. A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR ~~SOBTS OF AMERICA, INC., on I.ot No ~jr 'n that certain Condominium known as OUTDOOR RESOATS AT NETTLES ~ ISLAND, and on any impmvements.'fixturea or afier acquired property added thereon, .as shown by plat re- corded ir? the Oftke of the Circuit Court ih and for St. Lucie County, Florida, in Pb?t Bouk 16, page l:lA through 1J. ~ Q~~ K~#~ {RAbE 3,_ ~ ~ - . ~ ~ .x.m , : ~ ~ ° 5~=~ _ - _ . ~,n, ~ ~ ~ . - .