The URL can be used to link to this page

Home My WebLink About0606 r 1 r . ~ ' ' ~ • i 1 , S . _ - _ ~.r~-- ' . . _ ~ ` `'28~f~E~ ~b~ , n~ , MORTGAGE " _ ~ 1 ~eY 1; ~.N rn r ' ~t ~ s ~o/ ~ the mortga~or, in consideration of the principal sum specified in the promis.gory note herea ter described, r~ ~ ceiveil from OI3TDOOR RES08T5 OF AMERICA, INC:, a corporation organized and existing under the Laws i of the State~ Tennessee. the Mortgagor. hereby on this~_.day of 19~, mortgages t~ the l~iortgagee ~:he real property in St. Lucie County, Florida~ descri as: ~ - ~ Lot No.~~~ in that certain condominium• known as OUTDOOR, ~ - _ a~~'~ RESORTS OF AMERICA AT NEITLES 1SLAND, as shown by plat ~l recorded in the Office of the Circuit Court in and for St. Lucie County. ' i~., ~v ~ F'lorida. in Plat Book 16. page 1:1A through 1J. . ~wusE^s ~ \i y" , TAIS LS A PUACHASE MONEY MORTG~N~Y •/°'D"~-~/-p7L0 .-OCL~ As secu ty for the payment of the romisso note of which the followin ~s~ ~ P• rY g is a copy : Installment No e ar~~sure Statement_~ _ g U o~ g~, ~D ABC~ ,C a+a~ Ce n• . Florida DuE ON ~ j~ ~r ' l~'..~ ~ ~ 1s~ For Value ~Recei~ed, I~ we or either of us promise to pay to .the order o OUTDOOR ~tESORT3 OF • AMERICA, INC.. P. O. Box 1116, Jensen Beach, Flor ida, 334b7, or any other place as the holder. hereof may designate in writing, the sum of ~ tu~~ Qt,tl~tw~. f' ( this sum being the Total of Payme ts referred to in the Disclosure State ent below, which inclades a FINANCE CHARGE on the amount financed, payable i~ D equai consecuti~ monthly instaliments of ~ ~ 3 each~ and the first installment to become payabte on th~day of p Gr , ` 19~~ and one such installment to tiecome due and payable on theT daq of each succeeding month until the whole' of said indebtedness (Total of Payments) is paid. In the event of prepayme~t in full by cash ~ ~ before the finai installment date, the unearned portion of the FINANCE CHARGE ahall be rebated under ~ i the Rule of ?8's. ~ ! In the event of default in the due and punctual payment of any installment on this I`'ote for a period uf 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, WITHOUT THE PBIOR WRITTEN C~NSENT OF THE HOLDEA HEREOF. SHALL . SELL, ENCUMBER ~(EXCEPT - FOR ANY MOftTGAGE WHICH 1S SECURITY F08 THIS NOTE) OR OTHERWI3E DISPOSE OF OB EN- CUMBER OR COMMIT_ ANY BftEACH OF THE MORTGAGE UR PERMIT O~t SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY ~'HE UNDERSIGNED AND FINANCED THROUGH THE CREDIT •EVIDENCED BY THIS hOTE or in the event of the incompetency, insolvency (howsoever evidenced) or bankruptcy uf anyone or more of the undersigned, then the entire remaining indebtedness then dus shaU become immediately due and payable at the option o~ the holder hereof without demand, pr~sentment 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'time. Time is of the essence of thia Note. In the event any installment is not paid when due or within ten ~ days thereafter, the holder may col~eck, and the undersigned agrees to pay a late charge on such instaliment 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 througin an attorney at law or under advice thereof. the undersigned agrees to paq all costs of collection, ~ including reasonable attorney's fees and court costs to the extent permitted by Florida law. r ~ The undersigned and ~all endorsers or other parties to this note jointly and severally transfer, convey and a.gsign to the Holder a sufficient amount of such homestead or exemption as may be allowed, including sNch ~ homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs of coUection, ~ and do hereb direct an truste9e in bankru tcy havin Y Y p g possession of such homestead or exemptio~ ~o deliver to the Iiolder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced ' hereby. or any renewal thereof, and do hereby, joixtly and severally, appoint the Holder the attorney, in fact for each of them, to claim ai:, and all homeatead exemptions allowed by law. ~ ~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOORr RESORTS OF ~ AMERICA, JNC., on Lot No.'~~in that certain Condominium knawn ss OUTDOOR RESOR.T3 AT NEZTLES ISLAND, and on any imprnvements, f.xtures or after acquired property added thereon, ss shown by plat re- corded in the OtRce of the Circuit Court in and f~r St. Luc~e~oypty~ o'd 'n Pfat Book 16, page 1:1A through l~. ' ~ ~ _ _ _ ~ - ~ ; ~ ~ w~.__ ~_x _ .