The URL can be used to link to this page

Home My WebLink About0602 ` r . { f - J ~ r ~ . ~ i ~ • ~ ~ r ? - ~ M RTGAGE ~ _3~`~t'3 k , - the mort~;agoi•, in consideration f the principal sum specifiecl in the promissory note hereafter described, r~ ~ cei~•eci from OUTDOOR RESORTS OF AMERICA. INC.~ a_ corporation organized and existing under the I.aws ot the State of Tennessee~ the Mortgagor. hereby on thiS ~~day vf ~Q , 19Zr' mortb?ages to the hiortgagee the real property in St. Lucie County~ Florida~ descri d as: . ` q`~ ~ Lot No.~.:~~ in that certain condominium known as OUTDOOR _ , RESORTS OF AMERICA AT NETPLES ISLAND, as shown by plat recorded in the Ofiice of the Circuit Court in and for S~~~ Ciounty, Florida, in Plat Book 16, page 1:1A through 1J. . UiE ON~Y ~ THIS IS A PURCHASE 1HONEY :NORTGAGE ~~Oa -SDI -D ~539 QA~i As security for the payment of the promissory note of which the folloveing is a copy: Instollment Note and Disclos~re Stotement ~-!~1 aG o. ao ~gas~r l~~~~ L~ wrrert oF -~~_C.t~ , Ftoriaa ~ ~ o~w~R -~n ~ ian. 3o is~ For Value Received. I. o& ~r~eft~o pay to _ the order of OiTfDOOR ItESORTS OF A:~iERIGA. INC.~ P. . O. Box ensen B ch, Flor ida. 33 57. or any oth::-r place as the holder hereof may - de.i~?nate in w riting, the sum of _ Q, n) Dollars, # this sum l,eing the Total of Payments referred to in the Diselosure.Statement.below,-which~ includes a FINANCE c'HARGE on the amount 6nanced. payable in equal consecutive monthly installments of ~ ~__~.~a~ D~ each, and the first installment to become payable on the~~day of~-` ~ 19_~, and one such instaliment to become due and payable on ~th~~day of each succeedir.g month until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash I hefore the final installment date; the unearned portion of the FINANCE CHARGE shall be rebated under I 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 E thirty (30) days, or if any statement, representation or warraAty in any application for- the credit evidenced { t,~~ this Ivote is found to be untrue in any material respect, or in the erent THE. UNDERSIGAIED, WITHOUT ~ THE PRIUR WRITTEN CONSEN'~ OF THE HOLDER HEREOF, SHALL SELL, ENCUMBE~t (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- CUMBER OR COMMIT ANY BREACH OF THE 14iORTGAGE OR PERMIT OR SUFTER ANY LIEN TO EXIST ON THE KEAI. PROPERTY PURCHASED BY THE UNDERSIGNED AND ~INANCED TH~tOUGA ~ TNE CREDIT EVIDE:vCED BY THIS NOTE or it~ the event of the incompetency, ~ inaolvency (howsoever evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then Z 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 shalt not constitu~e a waiver of the right ~ to exercise the same at any other time. ~ -Ztime ia of the essence of this Note.._In the event any 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 installment or $5, whichever is less, and in the event this Note is coHected by ~ law or-through an attorney at lav~ or under advice thereof, the undersigned agrees to pay all coats of collection. , inclcding reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ ~ i The undersigned and all endorsers or other garties to this note jointly and severally transfPaF; convey and assign to the Nolder a su.~'tcient amount of such homestead or exemption ag may be allowed, including auch homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all cos~Fr of collection, and do hereby direct any trustee in bankruptcy having posse.~~ion of sucn homestead or exemptio~,to deliver tc? ~ the Holder' a sufficient amount of ~roperty or money set apact as exempt io pay the ir~debtedgess evidenced h?reby~ or any renewal thereof~ and do hereby, jointly and several:y, appoint the Holder the attorney in fact for ~ each of them, to claim at:~ and all hamestead exemptions allowecl by~law. ~ A firat mortgage for the sQC,U~ 'ty of the aforesaid indebtedness is re~ained by OUTDOOR $ES~~tTS OF _ ~ AMERIC~'~, INC., on Lot No.~~_~in that certain Condominium known aa OUTBOOR RESORTS AT NE'ITLES ~ 1SLAND. and on any imnrovements, fixtures or after acquired property added thereon, as shown by plat re- corded in the Offi3ce of the Circuit Court in and for St. Lucie Cou:~ty~ Florida, in Plitt B 16, page 1:1A through 1J. p f~ ~)~Q pp~ s~ . i7 ~~.~~:-.,.t,~~ ~ - _ - ,:~~,~~fi~~~~~ ~ ~ ; ~t ; , _ ~ . ~ ~