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Home My WebLink About0558 . << - . i , ~ • i ~ - # . ~ ~ ~ _ . M O R G A G ~ 32~~1 _ r f.~ . ~ . ~i7~'~_ ` K i ~ ~ . f'~~ ~ the mortgagor; in consideration of the~ principal sum specifi in the promissory note hereafter described, r~. ceiv~i fmm OUTDOOR RESORTS OF AMEBICA. INC.. a corporatian organi and exis;ir_~; Un;~~:~ the Law~s ' of the State of Tennessee, the Mortgagor, hereby on this 7 O~day of ~ 1~t~' . mort~agres to the Mortgagee the real property in St. Lucie County, Florida. descri as : ~ Lot No~ ~ in that certain condominium known as OITTDOO~ _ RESOBTS OF AMERICA AT NF.'TTLES - ISLAND, as showri by plat ~f recorded in the Office of the Circuit Court in and for St. Lucie County. . Florida, in Plat Book 16, page 1;1A through IJ.~~~s~ • uc~ oH~r . '~S~? -~ol-/p~jl5~ 60%-- ~HIS I~ A PURCHASE MONEY MORTGAGE As security for the payment of the promiasory note of which t~ following ia a co~+y: ~ Instalfinent N e a~~~'~e.~~sureStatement _ $ ~l~s~, . Y o ,r~''~?. ~ ~ ~ L.~ ~v . - , ~o~;aa ~ r~ a~ ~ ~wa~ ~ _ ~ ~~it~'~ Zo . ~9~-~ F~r Value Received, I. we ~~ther of us promise to pay to the order of OUTDOOR RESORTS OF A;1iERICA, INC.. P. O. Box 1116, Jensen Beach. Flor ida. 57. or any other place he holder hereof may designate in writir.g~ the sum o~~a7' ~ka~rs+~D /~vo --~~~J~~ ¢2k7~'v~ Dollars. this sum bei7g the Total of Payments referred to iq the Di_sclosure Statement belovr, which includes a FINANCE C'HARGE on the amount financed, payable in 0 equal consecutive monthly installments of J g~3 each. and the firat installment to become payable on the____~.-day of ~ j~ ~ ' 19~_, and one such installment to become due and payable on thp f~ day of each aucceeding month ~ until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment -in full by cash ~ beiore the final installment date. the unearned portion of the FINANCE CHAAGE ahall be rebated under , the Rule of ?8's. In the event of default in the due and punctual payment of any instaltment on this Iv'ote for a period of thirty {~O) days, or if any statement; representation or warranty in any application for the cretlit evidenced - by this Note is found to be untrue in any materiai respect. or in the event THE UNDERSIGNED. WITHOUT '1'HE PRIOR WRITTEN CONSENT OF THE HOLDEA HEKEOF.~ SHALL SELL, ENCUMBER (EXCEPT FOR ANY MOATGAGE WHICH 1S SECUKITY FO~t THIS NOTE)- OR OTHEBWISE DISPOSE OF OR EN- _ CUMBEk Olt COMMIT ANY BREACH OF THE iVIOBTGAGE OR PERMIT 08 SUFFER ANY LIEN TO EXIST ON THE REAL PBOPERTY PURCHASED BY THE UNDEBSIGNED AND F'INANCED THROUGH THE CREDIT EVIDENCED BY TIiIS NOTE or in the event of the incompetency, insolvency (howsoever evidenced) or bankruptcy of ~nqone 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 ef holder to exercise said option shall not conetitute a waiver of the right to exercise the same at any other time. ~ . TSme is of the essence of this Note. In the event any installment is not paid when due or a~ithin ten days thpreafter, the holder may collect. and the undersigned agrees to pay a late charge on such. installment in an amaunt equal to 5~ of such installment or $5, whichever is less, and ir~ the event this Note Is collected by ~ law or thmugh an attorney at law or under advice thereof, the undersigned agrees to pay all costa of colle.-tion, ~ inclvding reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ The undersigned and all endorsers or other parties to this note jointly and severally transfer. convey and ~ assign to the Holder a suflicient amount of such homestead or exemption as may be allo~ved, including such ~ homestead or exemption as may be set apart in ~ankruptcy, to pay this note in full. with alt costs of collection, ~ and do hereby direct auy trus~ee in bankruptcy having possession of such homestead or exemptiom to deliver to the Iiolder a sufl~cient amount of property or money set apart as exempt to pay the indebte~gss evidenced hereby. or any renewal thereof. and do hereby, jointlq and severaliy, appoint the Holder the attorney in fact for each of them, to claim any and xIi t.omestead exemptions allowed by law. ~ , A first mortgage for t~e, s~cur~ of the aforesaid indebtedness is retained by 4UTDOOR RESORTS OF AMEKICA, INC.~ on Lot No.~~~~1C that certain Condominium known a~ OUTDOOR RESORTS AT NETTLES ~ ISLAND, and on any improvements, fixturea or after acquired pra~erty ~dded thereon, as shown by plat re- _ cordeci in the Office of the Cireuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A tl:rr,~~;~h 2.1. . - ~ ~ ~ ; - - ~ - ~ z - ~ ~ . ~ ~ ~ ~ ~ ~ . ~ ` _ _ ~:'~S . t'~