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Home My WebLink About0614 t 1 i j~ ( - < , . i[ t 5 . ~ r t32~27'2 - ~ ~ ' rr ' y ~ ~ ~~\~RTG~AGE ~ ~ ~ ~ ~ A rr+ ~ m A Qu K . ~obee4-sor~ 1~i~-lL ~ , b~e~-so,~3 , the riiortgagor, in con~ideration of the principal sum specified in the promissory note hereafter described. ~r~ cei~•ed from OUTI)OOR RESORTS OF AMERICA. INC.. a corporation or~anized and existing under the Laws uf the State of Tennessee, the Mortgagor, hereby on this_. ~ day of ~ • y I91..~~ . mort~ase~ to the Mortgagee the real property in St. Lucie County, Ftorida, described . Lot No.~~~ in that• certain condominium known as OUTD008 1 ~ RESORTS OF AMERICA AT NETTLES ISLAND. us shown by plat ~ r~:~r~ed in the Oflice of the Cireuit Court in and for St. Lucie County, . Florida, in Plat Book 16, pag~ 1:1A through 1J. ~w~w?~sERS a? ~ THIS IS A PURCHASE MONEY MORTGAG~- x'j~~Da -~D~: 0775 4~ As security for the payment of the proraissory note of which the following is a copy: ~ ~ Installment Note and Disciosure Statement O O ~ NI P1': e+fNi OF TAxEi .S~` L. I.l C t E , FlOrid8 • oUE ON ~/~i'C'. 1IN61ltE pE.:~:~~~ r~:ERn. . ~ _ py~9lw~r w MY~?~1t n.~t, ~rs aF iyn. ~ ~~w,. 1s~ ; !'0~?~ - . . For Value Received. Ig~ ~~~ioNi[if~9~oN~is~to pay to the order of OtJTDOOR RESORTS OF :~biERICA. INC.~ P. O. Boa 1116. Jensen Beach, F9or ida~ 33457. or any other place ~as the holder hereof may desifinate in writing, the sum of-~~~ SANd 51~.~1Lh~~~~,A?~~t~ ~y° )~11~~` this sum being the Total of Payments_ referred to in the Disclosure Statement below, which includes a FINANCE CHARGE on the amount Rnanced,-p~yatii~- in ~O equal consecutive monthly i talli en 6~ ~ ~ 0 each, snd the first installment to become payable on thP L~ day of- • Q' 19~, and one such installment ~to become due an~ payable on the- 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 ; befQre the final installment date, the unearned portion of the FINAi~TCE CHARGE shail be rebated under i the Rule of 78's. - , - ~ In the event of default in the due and punctual payment of ar~,y installment on this Note for a period of thirty j30) ~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 iJNDERSIGNED, WITHOUT THE PRIOR WRITTEN CONSENT OF THE HOLDEft HEREOF, SHALL SELI,~ ENCUMBEIt (EXCEPT FOR ANY MORTGAGE WHICH 13 SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~ CUMBER OR COMMIT ANY ~ BREACH OF THE MOftTGAGE OR PERMIT OR SUFFEIt ANY LIEN TO : EXIST ON THE ~ REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THAOUGH THE CAEDIT EVIDEiJCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ~videnced) or bankruptcy• of anyone or more of the undersigned, then the entire remaining indebtedness then ~ due shall become immediately dae and payable at the option of the holder hereof without demand, presentment or notice of any kind. Any failure of holder to exereise said option shall not constitute a waiver oi the right to exercise the astne at any other time. ~ ~ Time is of the essence of this Note. In the event any instaliment is aot paid when due or within ten days thereafter, the holder may coUect, and the undersigned agrees to pay a late charge on such ins~ Iment. in an amount equal to 5~ of such instaliment or a5, whichever is 1QSS. and in the.event this Note~s, c~llected by ~ law or through an attorney a~ law or under advice thereof, the undersigned agrees to pay sll cost~of =coUection; ~ includirtg reasonable attorney's fees and court ~oats ta the extent permitted by Florida law. ~ The underaigned and all endoraera or other parties to this note j~intly and severally trans~r. convey and asaign to the Holder a sufl5cient amount of such home3tead or exemption as may be allowed, ~reCluding such ~ hcmestead or exemption as may be set apart in bsnkruptcy, to pay this note~in full. with all costs of collection, and do hereby direct any trustee in bankruptcy na~~ing possession of such homestead or exemptiq~to deliver to ~ the Holcier a suf~icient amount of property or mon~y set apart as exempt to pay the indebtedaess evidenced hereby, or any renewal thereof, and do hereby, jointly and severaZly, appoint the Holder the ~ttor~e~? in fact for each of them, to claim ai:~• and all homes'tead exemptions allowed by law. A first mortgage for the sec~ty of the aforesaid indebtedness is retained by 4UTDOOR RESUItTS OF AMERICA, INC., on Lot No~~~i» that certain Condominium known us OUTDOOR RESORT~ AT NET'I'LES ISLAND, ~nd on any improvements, fixtures or after acquired propErty addea thereon, as shown byfplat re- corded in the Oflice of the Circuit Caurt in and for St. Lucie Co~nty~ Florida,• in Plat Book 16, page 1:1A through 1J. ~ _ _ ~ i1 r ~r i~ ~~i _ _ - - - _~x~~~~~ } ~~.-~s ~ _ ~ ~ . ~ _ _ _