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Home My WebLink About0494 i , . t ~ ~ i ~ i - . ~ ~ . ~ . ~ ~ ~ ~ M G G E ~ 32~31 ~3:3 _ the mortga in consideration of the pr' ipal sam ~ ified iq the promissory note hereafter descrilfed; re- ceived fro UTDOOR RESOftTS QF A ERICA, I a corpoFation organ' ed and existing under th~ Lawa of the State of Tennessee, the Mortgagor, hereby on this~%day of 19~.aL~ mortgage.s to the Mortgagee the real .property in St. Lucie County, Florida, d bed as: • ~r~~~ . - . - o Lot No. ~oa :~~in that certain condominium known as OLITDOOR ~ RT30RTS OF AMERICA AT NETTLE$ ISLAND, as shown~ by plat recorded~_in the O~ce of the -Circuit Codrt in and `for St. Lucie County~ Florida. in Plat Book -18, page 1:1A through 1~iuESERS • ~ : ucE oN~r . '~aDa-a0/- p9lv~ `OCb/~' THIS IS A PUBCHASE MONIsY MOftTGAGE As security for the payment of the promissory note of which the -following is a co~y: ~ Installment Note and Disclosure St e t S ~O~ - . Florida _ - ` °'2~ 19~ For Value Received~ I, we or either of us promise to pay to the ~ er of OiJTllOOR RESORTS OF AhiEftICA; INC., P. O. Box 1116. Jensen Beach, Ftor ida 5?. or any other place as the holder hercof may desisnate in writing. the sum of~~ D~a Q~.~~ )~~j~~ this sum being the Total of Payments referred to in the Disclosure 3tatement below. which includes a FINANCE CHARGE on the amount financed, payable in " equal consecutive monthly 'nstaliments of g~` L each. and the first installment to become payable on the~-day of . , ' 19~, and one such installment ~to become due and payable on .th ~ day of each succeeding month i until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full bq cash ~ ~ before the fina! installment date. the unearned portion of the FINANCE CHARGE shall be rebated under ~ the Rule of ?8's. ~ In the event of default in the du~ and punctual payment of any installment on this Note for a period of ~ thirty (30) days, or if any statement, reprQSentation or warranty in any appDication for the credit ~evidenced by this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WIT~iOLIT THE PRIOK WRITTEN CONSENT OF THE HOLDEft HEREOF, SHALL SELI.. ENCUMBEIt (ERCEPT ~ FOR ANY MOftTGAGE WHICH 1S SECURITY FO~t THIS NOTE) OR OTHEKWI3E DISPOSE OF 08 EN-_ ~ CUMBER OR COMMIT ANY BftEACH OF THE MORTGAG~ OR PERMIT 08 SUFFER ANY LIEN TO EXIST UN THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THBOUGH 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 shaU 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 gaid 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 installment is not paid when due"or v,yithin ten ~ days thereafter. the holder may collect, and tne undersigned agrees to pay a late charge on such;jnstallir:ent in ~ an amount equal to 5 J of such instaUment or a5, whichever is less. and irr the event this Note is colleeted by ~ law or through an attorney at law or under advice thereof. the undersigned agreea to pay all cosEs of collection, ~ including reasonable attorney'e fees and court costs to the extent permitted Uy Florida law. • ~ . ~ The undersigned and all endorsers or other parties to this note jointiq and severally transfer. c~nvey and assi~n to the Holder a sufficient smount of such homestead or exemption as may be allowed. ii}cluding such~ homestead or exemptian as rnay be set apart in bankruptcy, to pay this note in full, with all cost~of collection,~ and do hereby direct any trustee ire bankruptcp having possession of such homestead or exemption to deliver to the Holder a suffecient amouat of property or money set apart as exempt to paq the indebtedness evidenced ~ ~ hereby, or any renewal thereof, and do hereb3~. jointly and severaliy, appoint the Holder the_ attorney in fact for each of thzm, to claim any and all homestead exemptions allow ed by Jaw. ~ A firat mortgage for the security of the aforesaid indebtediiess is retained by OUTDOOR RESORTS OF AMERICA. INC., on Lot No.L~'~-':n that certain Condominium known as OUTDOOR RESORTS AT NETTI.ES ISLA?~TD, and on any improvements, fixxures or after acquired pmperty added thereon, as showr by plat re- corded in the Office of the ~Cireuit Ca~urt in and for St. Lucie County, Florida; in Plat Book 1S, page 1:1.A `hr~:~i~~?-~ 1 f. . ~ u : , _ _ , . - - - r - ~ .•a ~ -r~x : °°g'n,. ~ . ~ ~c-. - x.,.__ _ _ s, .~_~-m.. ~.r_>,:w _ . . . _ _