The URL can be used to link to this page

Home My WebLink About0566 i . ~ : . ' ~ f i , . _ _ _ - - ( tc• . _ . _ r z~ . . 32~3 , _ ~ ; `0 1v10 RTGAG E ~ ~ ~ _ ~ u ~?X~ f~ f ~.~Nd~J ~1 ~w ~ Fe } _ the mortgagor. in consideration of ~he principal sum specifled in the promissory note hereafter described, re- reiveci fmm OUTDOOR RESORTS. OF AMERICA, INC., a co~ation orga ' and existing ~ under th~ Laws of the State uf Tennessee, the Mortgagor, hereby on thi~day of 19.~, mortga~;cs to the Mortgagee the real property in St. Lucie County. Florida, rib as: . Lot No.~~2,~~in that certain condominium known as AUTDOOR RESORTS OF AMERICA AT NETTLES . ISLAI~iD. as shown by plat ~ ~ recordsci in the Qfl~tce of the Circuit Court in and for St, Lueie County, Florida. in Plat Book 16. page 1:1A thmugh 1J. ~11z"'~ ~~CSoa - 6O/' //~~J-ddc~~' ~ _ TH~I3 I3~ A PUBCHASE MON Y M~~~AGE~ - As security for the payment~of the pmmissory note of w' e~ollowing is a copy.: Instaliment Not _ ure Statement ~ .S'~7• ~o ~ . • 1~ f~ . Florida- - t~~`'`~ - - o L . , ,.~/t 9p~• - a Jv ~ ~9~`" For Value ReAeived, I, vJ~.`or of Us promise to pay to the order of OIl'fDOOR RESORTS OF AMERICA. 1NC.. P. O. Box 111 Jeqs each. F'lor ida. 57, or any other place as the holder hereof may clesignate in writing; the sum o ` _ "'1"- ~ v (~3.7 bo j Dollars, this sum being the Totai of Psyments referred to in the Disclos re Statement below, which includes a FINANCE ('HARGE on the amount financed. payable in L O equal consecutive monthly i tallments of - ~___~'_3, 9~ _each, and the first instaliment to become payable on the.~r day of 19_~, and one such installment to become due and payable on th~r d~y of each succeeding month until the whole of said indebtc~ness (Total of Payments) is paid. In the event of prepayment in full by cash ' t~efore the fina! installment date, the unearned portion of the FINANCE CHARGE ahall be rebated under li the ftule of ?8'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, represeritation or warranty in any application for the credit evideneed ~ t~y this Note is found to be untrue in any material respect. or in the event THE tJNDERSIGNED. WI1`HOUT THE PRIOR WRITTEN CONSENT OF THE HOLDEB HEREOF~ SHALL SELL, ENCUMBEB (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOB THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CUMBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFEB ANY LIEN TQ EXItiST ON THE REAL PROPEATY PURCHASED BY THE i~'I~'DERSIGNED AND FINANCED THROUGIi THE CREDIT EVIDENCED BY THIS NOTE or in the event vf 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 failure of holder to exercise said option shall not constitute a waiver of the right ~ to exercise the same at any other time. - 1~me is of the essence of this Note. In the event any instaliment is not .paid when due or within ten days thereafte~, the holder may collect; and the. undersigned agrees to pay a late charge on such installment in aa amount equal to 5% of such installment or $5, whichever is less, and in the event this Note is collected by ~ law or through an attorney at law or _under advice thereof~ the undersigned agrees to pay all costs of.collection, ~ including reasonable attorney's fees and oourt costs to the extent permitted by Florida law. . . The undersigned and all er.dorsers or other parties to this note jQintly and 4everally transfer, convey and assign to the Holder a auf~icient amount of suc~ homestead or exemption as may be allowed, ~including such ~ homestead or exemption aa may be set apart in bankruptcy, to pay this note in full, with all cosfs of collection, and do hereby direct any trustee in hankruptcy having possession of snch homestead or exemptirnt to deliver to ths Holder a safficient atriount of property or money set apart as exempt to pay the indebtedness evi~en~ed hereby~ or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the atto~ney in fact ~or ~ ~ each of thcm, _to ciaim at.y and all homestead exemptions allowed by law. ~ A first mortgage for the security of the aforesaid indebtedness is retained by OtJTD008lRESORTS OF AMF.RICR, IN~., on I.~t No.~~z~in that certain Condominium known aa OUTUOOR RESORTS AT.3~IETTLFS ISLAND, and on any improvement$, fixtures or after acquireci property added thereon, as shav~rn bq plat re- corded in the Oflice of the Circuit Court in snd for St: Lucie County, Fforida, in Plat Book 16, page 1:1A ~ through 1J. • ~ ~ ~ ~°`''-~`~`"~~~~Y ~ s ~ ~ - . ~-F ~"~s~'y~ ~ ~1~~ . 4~~_"~'_'_~.._s.~~~~'?~~ -ay,~`5• ~~'~$°-z?~.