The URL can be used to link to this page

Home My WebLink About0546 ~ f~ . t ! ~ : ~ ~ . ~ r~ h. ~ 328222 - . - , _ ~ O ~ ¦ ~7 - _ ~ ~ • , r; _ _ ~ ~ tt~e mortga in conaideration oi the principal s~m specified i the promissory no e hereafter d ri . re- cei~~eci from DOOR RESOKTS OF AMERICA, IN~.. a co ration orga exis 'ng und the Laws of the State Tennessee. the Mortgagor. hereby on this-~~day of lg~~_ mortgage.g to the Mortgagee the t~al property iii St. Lucie County, Florida~ desc bed as: ~ ~o Lot No~~ ~~that certain condominium known as OUTD008 RESORT5 OF AMERICA AT NETTLES ISLAND, as shown by plat recorded in the Office of the Cireuit Court in and for St. Lucie County. . ~ Fl~rida, in Plat Book 16, page 1:1A through IJ. THIS IS A PURCHASE MONEY MORTGAGE ~ ~ As security for.the payment of the promissory note of whi;.h the following is a copy: ~Instollment Note and Disclosure S te enf ~ ~ ' G ~ c Floriaa ~~~E~ , -~0%0~9 3-o~~s"" . 11i~ aN~r . 19~~ For Value Received. I~ we or either of us promise to pay to the er of OiITDOOR RESORTS OF A~'[ERICA. INC.. P. O. Box I11 . de n each. F`lor id 334 7, or any o _ pla e as the holder hereof may ` desi~,*nate in writin~, the sum of ` ' ~~~~a~~ this sum being the Total of Payme referrEal to in the isclosure Statement below, hich includes a FINANCE ('HARGE on the amount financed, payable in ~1 equal consecutiv monthly 'n tallments f- ~--~3S~-~each, and the first installment to become payable on th ~ day of 19~` and one such installment to become due and payable on th - day of each succeeding month i~~itil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ hefore the fina! installment date. the unearned portion of the FINAN~'~• CHAKGE shall be rebated under the Rule of 78'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 warranty in any application for the credit evidenced by this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOiIT . THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL. ENCUMBER (EXCEPT ~ ~'OR ANY MOR'~$AGE ~'HiCH 1S SECURtTY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CU:KBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PEBMIT ~ OK SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PU~tCHASED BY THE UNDEBSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever evidenced) or bankruptcy of anyone or more of the undersigned~ then the entire remaining indebtedness then ~ due shall become immediately due and payable at the option of the holder hereof without demand. presentment or notice of any kind. Any faiture of holder to exercise said option shall not constitute a waiver of the right - t~ exercise the same at any othzr time. - ~ Time ia of the essence of this Note. In the event any installment is not paid when d~e or within ten days thereafter, the holder may collect, and the undersigned agrees to pay a late charge an snc~ :nstsliment in an amount equal to 5 j of such installment or ;5, whichever is less, and in the event this Note-i$ collected by taw ~ur through an attorney at law or under advice thereof, the undersigned agrees to pay all cost$ of'collection, ~ inciuding reasonable attorney's fees and cuurt costs to the extent permitted by Florida law. ~ ; ~ The undersigned and all endorsers or other parties to this note jointly and saveral~y trans~er, convey and xssign to the Holder a suffi'icient amount~ of such homestead or exerr~ption as maS be allowed, including such 2 homesteSd or exemption as may be set apart in ban~truptcy, to pay this note in fu~l, w;th all cas~s of coliecnon, ~ and do hereby direct any trustee in bankruptcy having possession of such homestead or exemptidh~ to deliver-~to ~ the" Holder a sufficient amount of property or money ~et apart as exempt to pay the indebtedbe~s eviden~ed hereby, or any renewal ±hereof~ and do hereby, jointly and severally, appoint the Holder the attor3~ey in fact for each of them, to claim a~.~? ansl all homestead.exemptions allov?~ed by law. A first mortgage for the sec~ ty of the afoi•esaid indeUtedness is retained by OUTDOOR BESORTS OF ~ A:KERICA, INC., on I.ot Noa~Z.'ifi that certain Condominium known as OUTDOOR RESORTS AT_NE'PZ`L~S ; ISLANA, and on any improvements. fixtures or after acquired pro~erty added thereon, as showit `by~ plat re- corded in the Off'ice of the Cireui+ Court in and for St. Lucie County, Florida, in Plt?t Book 6 ~e 1:1A ~ thrnugh 1J. ~ ~ ~~Y~~~ ^ ~ ~ - ~ . _ ~e~ - ~ _ _ ~ , ~ _ ~-W _ _