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Home My WebLink About0498 ; ' ~ 1 . ~ ; - _ * . ~ ~ . i _ - _.__........_..~.~~_-1...._""..'_.._.._~_- •"v.__~. ~ ~ ~ ~ 328~~f; : ~ ' MQRTGAGE . . ; , ~ < ~ ~~~vgr~~[ ~ ,~s~e d ~ ~s.f~.~ l~~v;~'~ J the mortgagor. in considerati~n o~-the principal sum specified in the promissory note hereafter described. r~ cei~~ed from OIJTDOOR RESORTS O~ AMERICA, INC., a corporation organized and existing un~::th~ I.i?~s of the State of Tenne~.see, the Mortgsgor, hereby .on this day o~. - , k9~~1~ mortgages to the Mortgagee the reai property in St. Lucii~ Cottbty, Florida, d~scrib d as: ~ ~ ~ ~ , ` Lot No "~in that certain condominiura known as OUTDOOR, ~ ry. BESORTS . OF AMERICA AT NEITLES ISI.AND, as ahown by plat ' ~ recorded in the Ofi'ice of the Circuit Court in and for S~ Lucie County. - Ftorida, in Plat Book 16, page, 1:1A through 1J. ~ptuisEAS • _ ~ THIS IS A PURCHA3E MONEY ~I~AGE~~ ~~d~~ ~I~ ~IfG As security fo~ the pay-ment of the promiasory note of which the following is a copy: . ~ Installment No~e and Disclosure Statem nt - $ ~ ~ ~ 7. g~ c.t Florida 19L ; _ 'For Value Received. I, we or either of us promise to pay= to the order of OUTDOOR RESORTS OF AbiFRICA. IIv'C.. P. O. Box lI Jensen Beach. Flor ida. 57, or any other place as the holder hereof may cle~ifinate in writing. the sum of f (~~Z~ Dollars. this sum Ueing the Total of Payme referred to in the Disclosure Sta ment below. which includes a FINANCE Ct~ARGE on ~the amount financed, payable ir~ ~ equal consecutive monthly instalim~nts of q~~ ~ each. and the first installment to beoome payable on the /'Q'~ day of 19~ and one such installment to become due and payable on the ~ day of each succeeding month until the whole of said indebtedness (Total of Payments) is paid. In tbe event of prepayment in full by cash ~ ~~efore the fina} instaliment date, the unearned, partion of the FINANCE CHABGE ahall be rebated under the Rule of 78's. ~ I~ In the event of default in the due and punctual payment of any in3ta11menL on this Note for a period of thirty (30) - days, or if any statement, representation or warranty in any application for the credit evidenced ' ~ by this Note is found to be untrue in any material reapect, or in the event THE UNDERSIGNED, WITHOLIT THE PRIOR WRITTEN GONSENT OF THE HOLDER HEBEOF, SHALL 3ELL, ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICH 1S SECUBITY FO~i THI~ NOTE) OR OTHEKWISE DI3POSE OF OR EN- CUMBEK OR COMMIT ANY BREAGH OF THE MORTGAGE bR PERMIT ~OH SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED- AND FINANCED THBOUGI~i 'I'HE CREDIT EVIDENCED BY THI3 NOTE or in the event of the incompetency, insolvency (howsoever evidenced) or bankruptcy of anyflne or more of the undersigned, then the entire remaining indebtedness t::::. 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 said option shall not conatitute a. waiver of the rigbt tu exercisr~ the same at any other time. 1~me is of the essence of this Note. In the event any installment is not paid when due or within ten days thereafter, the h~lder may collect~ ~and the undersigned agrees to pay a late charge on such installment in an amount equal to 6~ of such installment or a5, whichever is less, and in the event this Note'Tis cpllected-by law or through an attorney at laa or under advi~e thereof, the undersigned agrees to pay all cos~s of coUection, ~ including reasonable attorney's feea and court costs ta the extent permitted by Florida law. ~ _ a: ~ The underaigned and all endorsers or other parties to thi$ note jointly and severally trans~er~ convey and ~ assi~tn to the Holder a snfficient amount of such homestead or exemptiun as may be allowed, including such ~ homestead or exemption as may be set apart in bankruptcy~ to pay this note in fuU, with all coste of collection, and do hereby direct any trustee in bankruptcy having possessicn of such homestead or exemptic~, to deliver to the Holder. a sufT'icient amount of property or money set apart as exempt to pay the indebte~s evidenced hereby, or any renewal thereof. and do hereby, jointly and s~verally, appoint the Holder the attorney in fact for each of them, to claim ai:~ and all homestead exemptions allowed by law. - i ~A first mortgage for the sec~ity of the aforesaid indebtedness is retained 'by OLlTD00B RESOftT3 OF AMERICA. INC., on Lot N y Itin that certain Condominium knowfl ss OUTDOOB RESORT3 AT NETTI.ES ISI.AND, and on any improvements, fixtures or after acquired pm~erty added thereon, as shawn by plat re- corded in the Ol~:.e of the Circuit Court in and for St. Lucie County, Ftorida, in Pl~?t Book 16~ page 1:IA through 1J. • " ~ ~ ~ ~Cx~~ ~ ~ ~ ~ - _ _ r.--- . ~ ~ : ~ , - . ~ ~ . . _ ~3'~+~'~'r' _ . . ss~SF~~~~ _.e. .