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Home My WebLink About0578 . i . j - : : ; - ~j ~ . - ~ . ; , . o~ _ ~2. : ; ~ l~6 MORTGA~E . - ~?~/f~~.' T • ~STL~S ~ ; the mortfiagor, in consideratiun of the principal. sum specified in the promi~sory note hereafter described, • re- rei~~ed from OUTD90R RESORTS OF AMERICA, I;~iC., a corporbtion organized and e.~cis~ing: under;the I.aws of the State of Tennesse~, the Mortgagar, hereby on this_~~day of~ ~1~~ mortgages to the Martgagee th~ real prope~ty in St. Lucie County; Florida, ~scri ` as: , Lot No in that certain condominium known as OUTDOOR ~ . RESORTS O AMERILA AT NETTLES ISLAND, as shown by plat recorded in~ the Of~ice of the Circuit, l;ourt in and for St. Lucie County, . ~ APRRAfSE''. Florida, in Plat Book 16. page 1:1A through 1J. ~ Q~~r ~~~jG~a~Sd/l~63 ~ - THIS I3 A PURCHASTs 1iON MORTGAGE - , As security for thepayment of the promissory note of w' lowing is a copy: = ~~nstotlment N ~ure Stateme~t G 'yv/9. 'S~o - s`,,.`~ ~c~vs~ ~J Bc~s . , r~oriaa ~ . - ~ ~ ~~c~`~' __s~.~ y ~G 19~ For Value Rece~ved, I. we or e~~of us promise to pay to the order of OUTDOOR RESORTS OF A~iERIC'A,- INC.. P. O. Box 1116, Jensen Beach. Flor ida, 33457, or any other place as the holder hereof may desi~,rnate in writing, the sum ofSeuF,~/ T~;~mk.s~~v ~/tivCT~R~ 6~~vo (~~?~It~i~~) Dollars. this sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE ('HARGE on the a.-nount ~inanced. payable i~ ~ equal consecutive monthly installments of S_ l lG_~~each, and the ~first installment to become payable on thP day of,,~7• l9_7~. and one such installment to become due and payable on the~day of each succeeding month u~itil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in fult by cash t~efore the flna! installment date, the unearned portion of the FINANCE CHABGE shall be rebated under ; the Rule of ~8's. ~ ~ In the event of default in the due and ~unctual payment of any installment on this Note for a period of ~ j thirty (30) clays, or if any statement. representation or warranty in any application for the credit evideneed ~ by this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT ~ THE PRIOR WRITTEN CONSENT OF THE HOLDER -HEREOF, SHALL SELL~ ENCUMBEB (EXCEPT ~ FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CUMBEft OR COMMIT ANY BREACH OF THE MOI~TGAGE OR PERMIT OR SUFFEft ANY LIEN TO E EXIST ON THE REAL PftOPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT LrVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever evidenced) or bankruptcy of xnyone 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 a~aiver of the right to exereise the same at any other time. Time is of the essence of this Note. In the event sny installment is not paid when due or within ten days thereafter. the holder may collect, and the undersigned agrees to pay a late charge on such installment in an amount equal to 5 ~ of such instaliment or $5, whichever is less. and in the event this Notesis collected by ° law c~r through an attorney at la~ or ander advice thereof~ the undersigned agrees to pay all cwsts of ~ollection, ~ :ncluding reasonable attorney's fees and court costs to the extent permitte~l by Florida law. ~ ~ - ~ ; ~ . The undersigncd and all en~lorsers or otner parties to this note jointiq ahd severally trans~r, convey and assign to the Holder a sufficient amount of such homestead or exemption as may be allowed, ~clu~ing such ~ homestead or exemption as may be set apart in bankruptcy, to pay this note in fu11, with all costB 4f collection, ~ and do hereby direct any trustee in bankruptcy having possession of such homestP.ad or exemptio~ L'o deliver to the Holder a suf.~'icient amount of property or money set apart as exempt`~_to pay the indebtedness evidenced herehy, or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the attor~By in fact for each of them, to claim a~:y and all homestead exemptions allowecl by law. ~ c: " , A first mortgage for the security of the aforesaid indebtedne.gs is retained by OUTDOOR ~tESORTS OF ~ A11dERICA, INC.~ on Lot No.~~in that certain Condominium knawn as OiTTD008 RESORTS AT NE'ITLES ISLAND, and on any im~?rovements, fixtures or after acquired propertq added thereon, as shown by plat re- corded in the Of~'ice of the Cire~~it Court in and for St. Lucie C~unty, Florida, in Plitt Book 16. page 1:1A through 1J. fTi~ ~ ~ ~ s ~ . ~ ~ T - ~ ~ ~ : ' _ ~~s a~:~'..~-~ -a~ _ ~ r _ ~ _ .