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Home My WebLink About0486 1 . , r ! ~ ~ i t j _ ~ e-'- ~ . 0 R T G A G E ;:~~Si`?~ ~ ~ an~ S ~ i ~ya /U~ ~ ~ ~u ~Q ~l~,~~ ~e ~ the mortgagor, in conaideration of the principal sum specifi~ in the promissary note hereaft~r de.scribec~. re-: ceived from OLT'fDOOR RE30RTS OF AMERICA, INC., a co~ation organized arid existing under':iht`~yvs~ of the State of Tennessee, the .Mortgagor. hereby on thi s~~~day of_ IB~,~~ mortgab?es to the Mortgagee the real property in St. Lucie County~ Florida, described . ;5 ~ - _ ~ Lot No.S¢~~ in that certain condominium known as OLITDOOft - ~ RESORTS OF AMERICA AT NETTLES ISLAND. as shown by plat --4`f~ ~ ~ re~orded in the Office of the Cir~uit Court iri and for St. Lucie County, ~ . Florida, in Plat Book 16, page 1:1A through ld.~~~,sf _ ~ ohzr '~sA~2-~`0~ -o~j~a_ t~L~~y T H i S I S A P U R C H A S E M O N E Y M O R T G A G E As security for the payment of tl~e promissory note of which th ollowing is a co~y : - - Installment Not a re~Statement- 5~ Y yo _ ~ g ~~~l~ ~ ~Gt C/ t ~ . . Florida ' _ v,;,,~c ~ ~ 19Z_ ` ~ ` ~~e~ lly"`" For Value F.eceived, I. we or ' 6~` o~ .vs promise to pay to the order of OUTL~OOR RESORTS - OF A:HERICA. INC.. P. O. Box 1116, ensen each, Flor ida. 3345~. or any other place as the holder hereof may designate in writing, the sum of ~ t ( • v) Dollars. this sum being the Total of Payments referred to in the Disclasure Statement below, which includes a FINANCE CHARGE on the amount financed, payable in ~ equal consecutive monthly installments of ~ 7~ each, and !he first instaliment to become payable on the j°'rday of , ' 19~~ and one such installment to become due and payable on thp day of each succ~'ing month i until the whole of said indebtedness_ (Total of Payments) is paid. In the eyent of prepayment in full by cash ~ before the final installment date, the unearned portion of the FINANCE CHARGE ahall be rebated under ~ the Rule of 78's. ~ ~ ~ - - ~ In the eyent of default in the due ar~d punctual payment of any installment on this Note for a period of thirty (30) days, or if any sta~ement. 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 UNDEBSIGNED. WITHOUT THE PRIOB WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL~ ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICH 13 S~CURITY F08 THIS NOTE) OR O'~HERWISE DISPOSE QF OR EN- CUMBEft OR COMMIT ANY BREACH OF THE MORTGAGE OK PERMIT O~t SUFFEB ANY LIEN TO EXIST ON TI~E REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency~ insolvency (howsoe~~er evidenced) or bankruptcy of anyane or more of the undersigned, th~n the entire remaining indebtedness then due shail 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 exercise said option shall not constitute a waiver of the right to exercise the same at any other time. ~ Time is of the essence of this Note. In the event any instaliment is not paid when due or within ten ~ days thereafter, the holder may colfect. and the undersigned agrees to pay a late charge on such installment in r an amount equal to 5~ of such installment or $5, whichever is less, and in the event this Not~ "is coUected by ~ law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, ~ ~ including reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ The undersigned and all endoraers or other parties to this note jointly and ssverally transfer, cc?nvey and ~ assign to the Holder a sufficient amount of such homestead or exemptian as rnay be allowed~~ including such homestead or exemption as maq be set apart in bankruptcy, to pay this note in fuU, with a21 costs af collection, R snd do hereby direct at~y trustee in bankruptcy having possession of such homestead or .Qxemption to deliver to ~ the Holder a suf~'icient amount of p~operty or money set apart as exempt to pay the iridebtedness e-ridenced ~ hereby, or any renewal thereof~ and do hereby, jointly and severally, appoint the Holder the attorney in fact for each of them, to claim any and all homestead exemgtions a1lowEd by law. A first mortgage for the security of the aforesaid indebtedness is retained by OtJTDOOR RESOftTB OF AMERICA, INC.~ on I.~t No~_~ th$t certain Candominium known sa OUTDOOR RESORTS AT NETTLES ISLAND, an~ on any improvements, fixt~res or after acq~ired property add~d thereon, as shown by plat re- corded in the Qflice of the Circuit Court in and for St. Lucie County, Florida, in Plat Baok 16, page 1:1A i~irn->>*h j.T. ,~~:;~t `"~Y~z y r _v _ - - _ ~ ~m~ ~~,~~s = ~ , ~ _ ~ . -