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Home My WebLink About0506 J~ i . J ~ . . 1 ~ ~ t ? ~ .r• • ' . i _ • F f9 ' _ . _ . _ _ r... __.1_ i''% . ~ 328:1 y MO RTGAG E ~ ° ~ ~ ~ ~_J~ _~'1~.aN~~~ ~F~~.~~'~~ , the mortgagor; in consideration of the principal sum specified in the promissory note hereafter described, re- rei~~ed from OUTDOOR RESORTS QF AMERICA, INC.. a corporation organ' and existing ,w~ ~e Laws : ~~it ;i uf the State of'Tennessee~ the Mortgagor, hereby on this__l,Z_day of__ Y~.,.~ mort~;xges to the biurtgagec3 the real pmperty in St. Lucie County. Florida, d as: 's ~ _ :v ~ • _ ~ . Lot No..~~~~in that certain condominium known as OUTDUU~t.•~ rs, ~ RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plaf N recorded in the Office of the Circuit C~;;: t; t and for St. Lucie Coun Y, r- 1 Fiorida, in Plat Book 16, page 1:1A through 1J. i.. ' - THIS IS A PURCHASI's MONEY MO1tTGAGE r';"'' . As security for the payment of the promissory note of which the tollowin : r~'':'~j~~~~~;~~«~~~~' ~ gisacopy: Inst4!lment Note and Disclosure St tem nt - g a ~O : ~soa'soi-/Oa3-ODD/~ - Florida ~ ~E W+tr - ~ - ~ 19.~ For Value Received~ i, we or either of us pmmise to pay to the o r. of 4UTDOOR RESOftTS OF AIZERICA, INC., P. O. Box 11 . Jens ~ Beach, Fior ida, 33457, or any othe place~ the holder hereof may de~ifinate in writing~ the sum o • ~O ) Dollars, this sum bein~ the Total of Pay ts referred to in the Disclosure S ement below, which includes a FINANCE ('I~ARGE on the amount financed, payable~in equal consecutive monthl~.in iments of G~~~ ~~each, and the first installment to become payable on the day of , ~ J~, and one such installment to become due and payable on the day of each succeeding month unti! the whole of said indebtedness (Total of Payments) is paid. In the event of prepay~ent in full by cash I heforc the final installment date~ .the -unearned portion of the FINANCE CHAAGE shall be rebated under i the Rule of 78's. - l j In the event of default in the due and punctual payment of any installment on this Note for a periocl of ~ ~ thirty (30) days, o~ if any statement, representation or warranty in any. application for the credit evidenced by this 1`'ote is found to be untrue in any material respect. or in the event THE UNDERSIGNED. WITHOLIT THE PRIOR WRITTEN CONSENT OF THE HOLDER HEKEOF. SHALL SELI,, ENCUMBEB (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS I~'OTE) OR OTHERWISE DISPOSE OF ~i~t EN- - CUMBER OR COMMIT pNY BREACH (`F THE MOATGAGE OR PERMIT Oft SUFFER ANY LIEN TO ~ EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ ~ 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 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 exercise said option shall not constitute a waiver of the right to exerciae the same at any other #:::?e. - Time is of the essence of this Note. In tNe event any installment is not paid when due or within ten days~ thereafter~ the holder may collect, and the undersigned agrees to pay a late charge on such installment in an amount equal to 5% of such installment or $5, whichever is less, and in the event this Note~is collected by ~ law or through an attorney at lsw or under advice thereof~ the undersigned agrees to pay all cos~s<of ~collection. including reason~ble attorney's fees and ;.ourt costs to the eztent permitted by Florida law. !l ~ The undersigned and all endorsers or other parties fo this note jointly ansl severa~ty tran~er, convey and ~ assi~n to ihe Holder a suHicient amount of such homestead or exemption_ as may be atlowed, an~luding such home.gtead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of rnllection, and do hereby direct any trustee in bankruptcy having pos.gession of such homestead or exemptiof~ to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebte~gess evidenced her~by, or any t-znewal thereof, and do hereby, jointly and severally, appoint the Hulder the atto~ey in fact for each of them, to claim ai:y and all homestead exemptions allowed by law. ~ A first mortgage for the security of the aforesaid indebtedness is reinined by OUTDOOR RESO~tTS OF AMERICA! INC., on Lot No~~~..~m that certain Condominium known as OtT1'DOOR RESORTS AT NE'TTLES ISLAND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- corded in the Of~ice of the Cireuit Court in and for St. Lucie County~ Florida, in Plat Book 16, page 1:1A through 1J. kr~ ~''-~7 :fiA(~ ~ ~ y _ _ _ - ~ ~ ~ ; . ~ n