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HomeMy WebLinkAbout0538 . ~ ' . . ~ . . . x _ ; • t . ~ . - ; MORT~AGE~ 32521~ . ~ , ~ . ~r . the mortgagor. i7 consideration of the principal. sum apecified in the promissory ~iote hereaftzr descril~ed, r~ ~ei~~ed from OUTIa00R RESORTS OF AMERICA, INC.~ a corporation organized _ d existing under the Laws of the State oF Tennessee. the Mortgagor. hereby on this~_2~day of 1~~~ • mortg~es 'to the Mortgagee the real praperty in St. Lucie CounLy. Florida~ described . Lot No in that certain condominium known as OUTDOOR ' - • RESORTS OF AMERICA AT NE'I"TLES ISLAND, as ahown by plat ` recorded in the Office of the Cireuit Court in and for St. Lucie County. ~ - Florida. in Plat Book l6. page 1:1A through 1~. . \ : TNIS IS A PURCHASE MONEY. MORTGAGE As security for the payment of the promissory note of which the following is a cogy : instaii~ne~t Note ond Disclosure Stdtement s ~ f5 7. ~lo _ ~ L.cc << ~ C , ~o~aa - ,~;s=n ~3oa-~o/-~~v9- of.~c?/3 i~r o~LY • ~ ~ / 19Z~ For Value Received. I. we or either of us promise to pay to the order of OUTT300R RESORTS OF AMERICA. INC.~ P. O.. Box 11 Jensen Beach~ Flor ida~ ~i7, or any other place as the holder hereof may designate in writing, the sum of ~ DOI~~? this sum being the Total of Payme referred to in the Disclosure Statem nt below; which includes a FINANCE CiIARGE on the amount financed. payable ir~ 6 ~ equal consecutive monthly installments of g_~f • each, and the first installment to become payable on the~~ day of , ! 1~J , and one such insfallment to become due and payable on the day of each succeeding month ' untit the whole of said indebtedneas (Total of Payments) is paid. I~i the event of prepayment in fall by cash ~ before the final installment date, the unearned portion of the FINANCE CHABGE shall be rebated unrler ` the Rule of ?8's. ~ - ~ ~ In the event of default in the due and punctual payment of ar.y installment on this Note. for a period of ` thirty (30) days, or if any s~atement, representation or warranty in any application for the credit evidenced ~ by this Note is found to be untrue in any material respect, or in the event TIiIh UNDERSIGNED. WITHOUT s THE PRIOIt WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL. ENCi3MBER (EXCEPT ~ FOR ANY MORTGAGE WHICH 1S SECUftITY FOR TIiIS NOTE) 4R OTHEBWISE DISPOSE OF OR EN- CUMBER OR COMMIT ANY BREACH ~OF THE 1KORTGAGE OR PERMIT OR SUFFER ANY LIEN TO EXIST ON THE REAL PftOPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH TNE 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 dPmand, presentment or notice of any kind. Any failure of holder to exercise .said option shall not constitute a waiver of the right ta exercise the same at any other time. Time is of the essence "of this Nate. In the event any installment is not psid when due or within ten days thereafter, the holder :nay colleci~ and the undersigned agrees to pay a late charge on such-insta?llment in ~ an amount equal to 57 of such installment or $5, ~vhichever is less. and in the event this Nate is. cq~llected b3 ~ l~w or through an attorney at law or under advice thereof, the undersigned agrees to pay all cos#~s of collection, including reasonable attorney's fees and court cvsts to the extent permitted by Florida Iaw. r. t~ The undersigned and s11 endorsers or other partiea to this note jointly and severaliy trans~er, convey and ~ ~ ~ ~ assign to the Holder a sufficient amount of such homestead or- exemption as may be alZowed, including such `y homeatead or exemption as may be set apart in bankruptcy, to pay this note ir. full, with ali co~sts of collection, ~ and do hereby direct any trustee in bankruptcy having possession o~ such homestead or exempt'~or~ to deliver to ~ ~ the Heider a suP.icient amount of property or maney set apart as exempt to pay the indebt~ne~ evidenced ! hereby, or any renewal thereof, and do hereby, joinElp and severally, appoint ~the Holder the attorney in fact for ~ each of them, to claim any and all homestead exemptions allowed by law. .A first mortgage for the aecurity of the afores$id indebtedness is retained-by OU'TDOOB RESORTS OF ~ aL AMEKICA. INC.. on Lot Nol~in that certain Condoininium know~n as OUTDOOR BESORT~ AT NETT~.ES ISI,AND, and on any improvements, fixtures or after acquired property added tbereon, as shawn by plat re- corc3ed in the Office of the Cireuit Court in and for St. Lucie County, Florida~ in Plat Book :6, paAe 1:1A ~ t}tC~~ ; h 1 T _ - - ~ ~ - ^ f=,~~ S - . ' ~ ' . . . , .