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Home My WebLink About0530 ! j/ }f ! j . ~ F . ~ ~ M O R T G A G E~ 3282ip ' ~/AItCR /~_S~iM~iveR. .S~- S~~r/ev J • S~/-~~~e1~ ~wi~'e~ : the mortgagor. in consideration of the principal sumTpecified in the promissory note he~'eafter described. re- . ceived from OUTDOOR RESORTS OF AMERICA, INC.. a corporation organized and existing under the Lawa of the State of Tenne.4see, the Mortgagor~ hereby on thia 2~ day of SA ~ 19~, . mortgages to,the Mortgagee the real property in St. Lucie County. Florida, described as: ~ ~ Lot No ~8 in that certain condominium known as OU'FD008 BESORTS OF AMERICA AT NETrLES ISLAND, as shown by plat t`' ~ recordecl in the Office of the Circuit Coui~t in ~and for St. Lucie County. ~ ~ Florida, in Plat Book 16, page 1:1A through 1J. - - , THI3 IS A PUBCHASE MONEY MORTGAG~ As security~#pr the payment of the promissory note of w2~ich the following is a copy: ~ t~ In§toliment Note and Disclosure Statement ~ 2 ~ v c/ P G~o v,~L . F'?orida . . e ~ ~~~sE~s • ~5v-~-SD/- ~o~'f~ d~~~ z uc~ or~~r . s~ f. ~v 19..Z~ l For Value Aeceived. I, we or either of us promise to pay to the order of OUTDOOR BESORT3 OF ~ AbiEKICA. INC.. P. O. Box 1116~ Jensen Beach~ Flor ida, 334b7, or any other place as the holder hereof may designate in writing, the sum of fit~ f~~eUS~.vcl ru,c~jv~vo~i~ec+~ ~'/4~i1~1~~5'~tN ~~_Q_T~~~ this sum being the Total of Paymen~ referred to in the Disclosure Statement betow. which includes ~ FINANCE ~ CHARGE on the amount financed. payable in G B equal consecutive monthly installments of $___~__3 3 each, and the first installment to become payable on the ~ s~ day of ~ e C ~ ~ 19~, and one such installment to become due and payable on the ~ s r day: of each succeeding month until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in fuU by cash f~efore the fina} instaliment date~ the unearned portion of the FINANCE CHARGE ehall be rebated under ~ f the Rule of ?8's. . E 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 warranty in any application tor the credit evidenced ~ by this Note is found to be untrue in any materiai respect, ox in the event THE UNDERSIGNED. WITHOUT ~ THE PftIOK WRITTEN CONSENT OF THE HOLDER HEBEOF. SHALL SELL, ENCUMBER (ERCEPT ~ FOR ANY MORTGAGE WHICH 1S SECURITY FOA THIS NO'I'E). OR OTHE~tWISE DISPOSE OF OIt EN- ~ CUMBEB OR~ COMMIT ANY BREACH ~ OF THE MORTGAGE OR PERMIT OK SUFFEB AN'~ LIEN TO ' EXIST ON THE REAL PROPERTY PUBCHASED 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 shaU become immediatay ~!ue 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 I~ote. In the eyent any installment is not paid when due or within ten days thereafter, the holder may_ collect, and the underaigned agrees to pay a late charge on such inatallment in ~ an amouttt equal to 5~ of such installment or $5~ whichever is less, and in the event this Note ia collect~ by ~ ~ law or through an attorney at law or under advice thereQf, the undersigned agrees to pay all ooata of colle~tion, including ressonable attorney'g feea and court costs to the extent permitted by Flarida law. - ~ The undersigned and all endorsers or other parties fo this note jointly and severally transfer, convey and assign to the Holder a sufficient amount of su~eh homestead or exemption as may be allowe~. including such homestead or exemption as may be set apart in bankruptcy. to pay this note in full. with all coats of collection~ ~nd do hcrebs• direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to ~ the Holder a suf~'icient amount of property or moneq set apart as exempt to pay the indebtedness evidenced ~ hereby~ or any renewal thereof, and do hereby, jointty and severally, appoint the Holder ths att~rney in fact for each of them~ to claim ai:~ and ali homestead exemptions allowed by law. A first mortgage for the secu 'ty of the aforesaid indebtedness is retained by OLITDOOft RES(3RTS OF AMERICA. INC., on Lot No in that certain Condominium knoam aa OUTDOOR BESORTS AT NETTLES ISLAND, and on any improvements, fixtures or after acquired property added thereon, as ahown by plat re- corded in the Office of the Circnit Court in and for St. Lucie County. Florids, ib Plat Book 16, page 1:1A thr~ugh 1J. - - P~,,~ 249 P;~~'.,E ~IVIJ r~ . , _ - s~ _ _ . . . _ _ . ~ ~ . ~ ~ ~ ,~f . ~ ' ~ w , e _ _ - ' - T ~ w