The URL can be used to link to this page

Home My WebLink About0562 t r ~ ~ ~ . ~ . _ j - ; . , . _ a. - ~ M0 RTGAG E . : 32~32;~~ ~ co~ the mortgagor. in consideration o the principal sum specified iri the ~promissory note hereafter described, re~- cei~~ed from OUTDOOR F.ESORT3 OF AMERICA, YNC.~ a corpo~tion argan?zed and existing under the Lawa of the State of Tennessee, the~ Mortgagror, hereby on this~Z_day of- ~ TQ-~ , 19~~ ~ mortgages~to the Mortgagee the real property in St. Lucie Gounty, Florida. descnbed as: ~ ~ ~ Lot No "~in that certain condominium known as OUTD008 RESORTS OF AMERICA AT NEZ"fLES ISLAND, as shown by plat ~J recorded in the Off'ice of the Cireuit Court in and for St. Lucie County, ~ Florida, in Plat Book 16~ page 1:1A through 1J. ~~st~ts • ~ . ~soa-~o/-/v~-.~3 ~ THIS i3 A PUACHASIs MONEY MO&~B As security ~or the payment of the promissory note of whi~~ following .is a copy : ~ , ; : I~staliment ~ 4sure,Statement ~ g g ~ 7• 8~ ~ p ~„F~ i~•~~~„{(?~' ~ _ ~tl ~l ~ , Florida ~~1,~ ~oo??'~~' s~' ~ S a 19Z~ For Value Received, I. we ~i. er of us promise to pay to the o~der of OUTDOOIt ~'tESORT3 OF AhiERICA. INC., P. O. Box 11 ~ Jensen Beach. Flor 'da~ 3:~~bfi, or any other place aa the holder hereof may desi~nate in writing~ the sum o ' ""~u( D) Dollars~ - this sum being the Totai of Payme ts referred to in the Disclosure S tement below, which incladea a FINANCE CHARGE on the amount financed. payable in B D equal consecutive monthly installments of - ~'3 . each, and the first installment to become payable on thp ~~da of Y 19~, and one such installment to ~become due and payable on the ~'a'~day of each succeeding month _ ~ until the whole of,said indebtedness (Total of Payments) is paid. In the ~vent. of prepayment in fuU by cash ~ ~~efore the final installment. date, the unearned portion of the FINANCE CHARGE ahall be rebated under ~ the Rule of 78's. In the event of default in fhe 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, WITHOt1T THE PRIUR WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBEB (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOft THIS NOTE) OR OTHERWISE DI3POSE OF OH EN- CUMBER OR COMMIT ANY BREAGH OF THE MORTGAGE OR PE~tMIT 08 3UFFEit ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNBERSIGNED AND FINANCED TH~tOUGH THE CREDIT EVIDENCED BY THI~ NOTE or in the event - of the incompetency. insotvency (howsoever evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then due shall becorae immediately due and payable at the option of the holder hereof without demand, presentment or notice of any kind. Any failure of holder to exereise said option shall not constitute a waiver of the right _ to exercise the same at any other ~ime. . Time ia of the essence of this Note. In the event any installment is not paid when due or within ten ~ days theresfter. the holder may collect, and the undersigned agrees to pay a late charge on auch installment in ~ a an amount equal te 5~ of such installnient ~nr $5, whichever is less, and in the event this Note is coAected by law or thmugh an attorney at Iaw or under advice thereof, the undersigned agrees to pay all costa of collection, including r~asonable 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 j~ ~ assign +.o the Holder a suflicient amount of such homestead or exemption as may be allowed, including such h~mestP.ad or exemption as may b~ set apart in bankruptcy, to r,ay this note in full. with all costs of collection. ai~d do hereby direct any trustee in bankruptcy having possession of such nomestead or exemption to deliver to ~ the Holder a sufT'icient amount of property or money set apart as exempt to pay the indebtednesa evidenced+4+ hereby, or any renewal thereof, and do herehy, jointly and severally~ appoint the Halder the attorney in fact for e~ch of them, to claim ai:; and all homestead exemptions allowed by law. A first mortgage for the urity of the aforesaid indebtedness is retained by OU1'DOO~t ~tESOBTS OF AMERICA, 1NC., on Lot No~~~h that certain Condominium known aa OiTTDOOK ItESORTS AT NE"I"1`I.ES ISLAND, and on any improvements, fixtures or after acquired pro~erty added thereon, as ahown by plat re- ~ corded in the Oflice of the Cireuit Court in an~ for St. Lucie County, F}orida, in Plat Book 16, page l:lA _ through 1J. ~ _ :~„a,~~,~•-:,.x~- K~~~ -4y • I as~+ a ~ ~s-~e.~~ . _ . ~ ~ ~ '~~`"`R'~ _ _ '