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Home My WebLink About0570 r ' r f ~ • ~ . I t ' ~ _ ~ i ~ ~ 3282~~.~ ~ . . ~ - ~ . . MORTGAGE , . ~ ~ . the mortgagor ir consideration of principal sum specified in the promissory note hereafter described, re- ceive~l. from QL~'TDOOR RESOA OF AMERICA. P1C.~ a corporation organi and exiating under the Laws of the State of Tennessee~ the Mortgagor~ hereby on this~day of 19.~. - mortgages to the ~i~rtgagee the real property in St. Lucie County. Florida~ d ribed as: Lot No in that certain condominium know~ as OLITDOOR, ~ ~ - rt~ u. RESORTS OF AbiERICA AT NETTI.ES ISLAND. as shown by plat ~ recorded in the Office of the Circuit Court in and~ for St. Lucie County, ~ Florida, in Plat Beok 16. page 1:1A thro h 1J. ~isf~ . ~ THIS IS A PURCH EY bIORT(~~~~r r~0/ -//30 -D~ As security f~ir the payment of the promissory ~ ~ ~the following is a copy : • ~ ~ ~ Instollment ~~~s~lo~ure S te ent ~ ~ - ~o~aa ~ ~ w.::. J ~ ~,~i'~~, ~ ~9z,~ For Value Received. I, we or ~r of us promise to pay to the order of OUTD008 RESO~tTS OF A~iERICA, INC., P. 0. Box 111 Jensen Beach, r ida, 457, or an other place as the holder hereof may designate in writin~, the sum of , ~~1~ this sum being tl~e Total of Pay nta referred to in e Disclosure State nt below. which includes a FINANCE C HARGE on the amount financed, payable in ~ o equal consecutive monthly in Iments of g ~~"~~each, and the first installment to become payable on the_l'~-day of 19~, and one such installment to become due and payable on the day of each succeeding month u ntil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full ~ by cash before the final installment date, the unearned portion of the FINANCE CHARGE shsU be rebated under , f 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 f~und to be untrue in any material respect, or in the event THE UNDER,SIGNED, WITHOUT THE ~RIOR WItITTEN CONSENT OF THE HOLDEB HEBEOF, SHALL SELL, ENCUMBEA (ERCEPT FOft ANY MOItTGAGE WHICH 1S SECURITY FOK THIS NOTE} OR OTHERWISE DISPOSE OF OR EN- CUMBER OK COMi4IIT ANY RREACH OF THE MOKTGAGE OR PERMIT OK SUFFER ANY LIEN TO EXIST ON TNE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT E~7IDENCED BY THIS NOTE or in the event of the incompetency. insolvency (howsoever evidenced) or bsnkruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then due sTiall bevou~e immediately due and payable at the option of the holder hereof without demand, presentn.ent or notice of sny kind. Any failure of holder to exercise said option shall not constitute a waiver of the right ~ to exercise the sasne at any other time. ~ ~ Time is of the essence of this Note. In the event any instaliment is not paid when due or within ten ~ days therexfter, the holder may collect, and the undersigned agrees to pry a late charge on such installrnent in an amount equal to 5% of such installment or $5. whichever is less, and in the event this Note is collected by ~ ~ law or through ar. attorney at law or under advice thereof, the undersigned agrees to pay all costa of collection. i including reasonable attorney's fees and court oosts to the extent permitted ~by Florida la~r. j The utidersigned and all endorsers or other parties to this note jointly and severally transfsr, convey and ! as~ign to the Holder a sutl'icient amount of such homestead or _exemption afs may be allowed, including such ~ ~ homestead or eaemption as may be set apart in bankruptcy, to pay this note in fuli, with sjl costs of coilection, ~ and do hereby direet any tru~tee in bankrupfcy having possession of such homestead or exemption to deliver to the Holder a sufiScient amount of property ar money set apart as exempt to pay the indebtedness evidenced~ • ~ hereby. or any renewal the:eof. and do hereby. jointly and severally, appoint the Holder the attorney in fact.for~ ? ~ rach of them, to claim at:y and all homestead exemptions allowed by law. ' . j q first rnoitgage for the security of the aforesaid indebte~ness is retained by OUTDOOR AESORTS O AMERICA, INC., on Lot Nd.~~~~n that certain Condominium known ss OUTL1008 1tESORTS :~T NETTLE3 ~ ISLAND~ and on any improvements, fixtures or after acquired property added therean, as shown by plat re- corded in the Ofi~ic~ of the 't;ircitit Court in and for St. Lucie roanty, :'lorida~ in Pfat Book 16, page 1:1A Y through 1J. , ~ h ~ - _ _ _ _ _ =fi ~.v ~ ~ - ~ t: ' ~ ~ ~ .w _ - .