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Home My WebLink About0610 ~ f • t 1 ~ i . . . • - - ~ . ~ - G q d 9,,~r - . ~ MOR1°GAG~E 3282~~. _ ~3 , the mortgagor. in co ' erati n of the principal sum specified in the promissory note hereafter described, re- ceived from OUTDOOR RESORTS OF AMERI~A. INC., a corpofation organized and existing under the Laws ~ of the State of Tennessee, the Mortgagor, hereby on this~.__day of ~ . , 19~r , mortgages to the Mortgagee the real property in St. Lucie County, Florida~ d ribed as: . Lot No~~~ in that certain condominium known as OUTDOOR _ ' ~ ~ RESORTS OF AMERICA-AT NETTLES ISLAND, as shown by plat o recorded in the Of~ice of the Circuit _Court in and for St. Lucie County. , • ~ v Florida, in Plat Book 16, page 1:1A through 1J. ~P~~SE~S • ucf o~?Lr •'f ~~Gb? 56/- /o~/ -o~oo . THI$ IS A PURCHASE MONEY MORTGAGE 7 As security for the payment of the promissorq note of which the following is a copy : . ~ Instaitment Not _and ~~sure Stoteme t . ~ ~ n. g ~Enl~ ~ ~ 1~ Florida pue d~ ~ ~ Tta~. ~ ~ ~ a+,?r~ -f, ~,J=;~,: i97r ~ gr . ~ ~1_ lu::~t CU.. - For Value Received. I. w~~ eit~13~ ~C~t' i1s promise to pay to the order o OtITDOOR RESOBT3 OF AMERICA. INC., P. O. Box 1116, Jensen Beach, Flor ida, 334 or any other place as the holder hereoi may . designate in writing, the sum of ) Dollars, this sum bein~ the Total of Payments referred to in the Disclosure Statement ow..which includes a FINANCE CHARGE on the~ amount financed. payable in " ~p d _ equal conaecut~monthly i tallments of ~ $ l~~O 7 each. and the tirst installment to become payable on thp ~ day of ~ ~ 19 and one such installment to become due and payable on th - ~ day of each succeeding month until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ ~ before the fina} inatallment date, the unearned portion of the FINANCE CHAftGE aha11 be rebated under 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 found to be .untrue in any material respect, or in the event THE UNDERSIGNED. WITHOiTf THE PBIOR WRITTEN CONSENT ~OF THE HOLDER HEAEOF, SHALL SELI,. ~ ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY F08 THIS NOTE) OR OTHERWISE DISP03E OF OR EN- CUMBEA OB COMMIT ANY BREACH OF THE MORTGAGE Oft PERMIT OR SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THIiOUGH THE CREDIT EVIDENCED BY THIS NOTE or in the event of 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 demanc~, pre~entment 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 this Note. In the event any instaliment is not paid when due or within ten da3~s thereafter, the holder may collect~ and th~ undersigned agrees to pay a Iate charge on such installment in , an amouat equal to 5% of such installment or $5. whichever is less, and in the event this Note is callected by law or through an attorney at law or under advice thereof, the undersigned agrees to pay all coata of collectiono including~reasonable attorney's fees.and cc~urt costs to the exten~ permitted by Florida law. . _ ~"'"'I'~'un~ersigned and all endorsers or o~her parties to this note jointly. and severally transfer~ convey and - assign td thei, Holdar $ a>>fficient amount of such homestead or exemption as may be allowesi, including such horn,"estead or ei~emption as may be set apart in bankruptcy, tc~ pay this note in full, with ali costs af collection, ai~d ` herebj? direct any truatee in bankruptcy having poss~ssion of such homestead or exemption to deliver to - the: older a s~Pficient amount of property or money set apart as exempt tc pay the irrdebtedness evidenced ~ ner or any~,:Penewat thereof, and do hereb . y, jointly and s~verally, appoint the Holder the attorney in fact for each!~o~~#tretn4'}o claim at:y and all homestead Pxemptions allowed by law. ~ ~ " ..A "~it~st mortgage for the sec,u~ 'ty of the aforesaid indebtedness is retained by OtTTDt30R RESOKTS OF - ~ AME~tIGA, IP1C., on Lot No-Q'~~in that certain Condominium known aa OUTI)UOR BESORTS AT NETTLES ~ ISLAND,'and on any improvements, fixtures or aftpr acquired property added thereon, ag shown by plat re- corded in the OflSce of the Cireuit Court in and for St. Lucie County.~ Florida, in Book 16 page 1:1A through 1J. ~T{R ~~bt7 ~i~f _ _ ~ . . _ - - - - - ~ ~F~ - - - - ~ ~~~F r., ~ _ r.