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Home My WebLink About0502 ! . , ~ 1 ~ . , 1 ~ _ _ ~ t . - _ - - . ' 328189 ~ . . ~ : ~ ~ . MO RTGAG E ~ ~ " - ~ ~E~D ~ ~ ~ ~I /,'~r~.~~~'~Z" the mortgagor, in consideration of the principal sum specified in the. promi ory note her~after, described. te- cei~~eci from OUTDOOR AESOBT~ OF AMERICA, TNC.? a co ration orga ' and existin$ under the La~ws ~ of the State of Tenneasee. the Mort~agor. hereby on this-~~L~day o 19~ mortgages to the Mortgagee the real property in St. Lucie County. Florida, described as: ~ ~ ~ ~ Lot No ~d~ ~ in that certain condominium known as OtJTDOOR; ~ ~ RESORTS OF AMERICA AT NE1'TLES ISLAND, as shown by plat ~ recorded in the Oflice of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16, page 1:1A through ld. .~PR~~sERS THIS I3 A PURCIiASE MONEY MO~G~~E ~9~I - D~~f3 ~ As security for the pavment of the promissory note of which the following is a a:opy: Installment Note and Disciosure S fe nt . $ ~ ~ _ Florida . 19%L For ~'alue Received, I. we or either of us promise to pay to e order of OUT ~t RESORTS OF AbiERIGA,.INC.. P. O. Box 1116~ Jensen Beach. F ida, 3 453 or an other. as~e Ider hereof may de~i~nate in writing. the sum ' ~ ~ Dc+llars, tHis sum being the Total of Payments referred to in the D' closure Stateme . which includes a FI~ANCE CHA GE on the amount financed, payable in a- - equal consecuti monthly ' tallments of - S~ `~-each. and the first installment to become payable on the~.="~da of Y 19~ and one such instaliment to t~ome due and payable on the 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 i,efore the final installment date. the unearned portion of the FINANCE CHAKGE shaU be rebated under ~ tiie Rule of ?8's. _ - ~ ' In the event of default in the due and punctual payment of any installment on this Note for a period of~ ~ thirty (30) days~ or if any statement. representation or warraaty in any applicatioa for the credit evidenced ~ by this Note is found~ to be untrue in any material respect, or in the event THE UNDERSIGNED~ WITHOLJT ~ THE PRIOR WRITTEN CONSENT OF THE HULDER HEREOF, SHALL SELL, ENCUMBEB (EXCEPT ~ FOR A~TY MORTGAGE WHICH 1S SECUftITY FO~t THIS NOTE) OR OTHERWISE DISPOSE OF OB EN- CUMBER OR COMMIT ANY BBEACH OF THE MORTGAGE OR PERMIT ~OR SUFFEK ANY LIEN ~0 - EXIST ON THE REAL PROPERTY PURCHASED $Y THE UNDERSIGNED AND FINANCED THItOUGH THE CREDIT EVIDENCED BY THI3 NOTE or in the event of the incompetency. insolvency (howsosver ~ evidenc~) or bankruptcy of anyone or ~more of the undersigned, then the entire remaining indebtedness then due shall become immediately due and payable aL the option of the holder hereof without demand, presentment or notice of any kind. Any failure of holder to exercise ~said option shall not ronstitute a waiver-of the right to exercise-the same at any other time. ~ Time ia of the essence of thia Note. in the event any . installment is not paid when due or witnin ten days thereafter, the holder may collect, and the undersigned agrees to pay a la±e charge on such ~sta~lment in an amaunt equal to 5~ of such installment or $5, whichever is less, and in the .event this Note 1S".~ol~ected: by ~ law or through an attorney at law or under 8dvice thereof, the undersigned agrees to pay all cost~~af cotlection, ~ inciuding ressonxble attorney's fees and court coats to the extent permitted by Florida law. ~ The undersigned and all endorsers or other parties to this note jointly and severally transf r„oonvey and ~ asaig~n to the Holder a suflicient amount of such homestead or exemption as may be allowed. including suc3~ ~ homestead or exemption as may be set apart in hankr~:ptcy, to pay this note in full, with all cost~,of collection, and do hereby dire~t any trustee in bankruptcy having possession of such homestead or e~?emptio~to deliver to the Holder a suft'icient amount of property or money set apart as exempt to pay the indebtedn~a evidenced hereby, or any renev~~al thereof, and do hereby, join±ly and severally, appoint the Holder the attorney in fact for each of them. to claim ai:; and a11 homeatead exemptions atlovved by law. ' ~ t A first mortgage for ~ e secur~ty of the aforesaid indebtedness is retained by OUTDOO~ BESORTS OF t ~ AMERICAt INC., on Lot No,Q~n that certain Condominium kno~?n as 4UTDOOR'• ftESORTS AT NETfLES ` ~ ISLAND~ and on any improvements, fixtures or after a~;quired properiy added thereon, as shown by plat re- ~ corded in the Oftice of the Cireuit ~:,n ~;r. and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. ~ ~':C~ Y,t?!'f ~ ~ _ f ~ _ . . _ _ _ . ~ . ~ ~ ~ c ~ . . . . a; .?aa._ . . - ' ° _