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Home My WebLink About0618 r i ' } f i ' ` i 1 ' ' . - ~ ~ ' _ « _ .~_.._.i . ~ ~ . ' . ' S i~ . ' . MORTGAGE~ - ~~'~'a~ (~c.~~_ll FL~ ~v,v~ ~ . ~ a ~ the mortgugor, in conqideration of the principal~ specified in the promissory note hereafter , describecl; .r~ rei~ ed from OUTDOOR ,~tESORTS OF ~CMERICA. INC., a corporatior. organized and existing under the> Lawa. af the State of Tennessee, the MortgaSor, hereby on this..~~~ day of = 19~~, mortKages to the biortgagee the real property in St. Lucie County~ ~lorida, de.tcribed as . ' ~ti - Lot No. 9~G ~ in that certain condominium known as OUTDOOR . , ~ 3 i~ RESORTS OF AMERICA AT NE'fTLES ISLAND, as ahown by plat ~ ~ 13 n'j recorded in the Oflice of the Cireuit Court in and ~or St. Lucie County, ` ~ Fiorida, in Plat Book 16. page 1:1A through 1J. ~iseRS • - _ ~ THIS I3 A PURCHASE MONEY b10RTG~~Y ~ 7S do~" $G~' ~~~a As security for the payment-of the promissbry note of which the following is a copy: Ins#ailment Note and Disclosure Stotement Q~ yo. ~ ~ - ~-j`~"-~ Dut dl ~'C wiNfBt~IE tE~o!ut. ?rtorERn. ~~-tC C~ , Florida ~wrr u a~n~ n-i~. ~crs a i9~ . 19L ~pYNt 1~0(~M4 For Value Received~ ~~~i~~'o~'ues p ~s~e to pay to the order of UTDQOR RESORTS OF AbiERICA, INC.. P. O. Box .111 Jensen ach, Flor ida, 33457, or any other place as the holder hereof may ~iesignate in- writing, the sum of ) Dollars, this sum Ueing the Total of Payme referred to in the Disc osure Statement low, which includes a FINANCE ~ CNARGE on the amount financed, payable in ~ O equal consecutive monthly installments of S~~~each, and the first installment to become payable on th~.~day of . 1~Z~, and one such instaliment to become due and payable on the-.1 ~ day of each succeeding month . untif the whole of said~indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash hefore the fina! installment date, the unearned portion of th~ FINANCE CHARGE shall 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 j thirty (30) days, or if any statement. representation or ~arranty in any application for the credit evidenced ~ by this Note is found to be untrue in any material respect, or in the event THE UNDEftSIGNED, WI1'HOLiT THE PBIOR WftITTEN CONSENT OF THE -HOLDEA HEREUF, SHALL SELL, ENCUMBER (EXCEPT FOR Ah`Y MORTGAGE WHICH 1S SECU~2ITY FOR THIS N~TE) OR OTHERWISE DISPOSE OF OR. EN- CUMBER OR COMMIT ANY BREACH OF THE A~IORTGAGE OR PERMIT OR SUFFER ANY LIEN Ta EXIST ON THE RE~L PROPERTY PURCHASED BY THE UNDEftSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ~ evidenced) ~or bat~kruptey of anyone or more of the unders~gned, 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 saici option shali not constitute a waiver of the right . to exercise the same at any ottier time. Time is of the essence. of this Note. In the event any ins~allment is not paid when due or within ten days thereafter, the hc~lder may collect, and the undersigned agrees to pay a late- charge on such installment in an amount equal to 5`~ of such instaUment or $5, whichever is less, and in the event this NotQ is collected by law or through an attorney at law or under advice thereof, the undersigned agrees to pay all aosts of collection~ inclading reasonable attorney's f~es and court oosts to the extent permitted by Florida law. . . ~ , The undersigned and all endorsers or other parti~s to this note jaintly and severally transi'er, convey and a.ssiKn to the Holder a sufficient amount of such homestead or exemption a4 may be allowed, inclu~ing such homestead or exemption as may be set apart in bankruptcy, to pay this -note in full, w7th all cost~;of collection, and do hereby direct ar~y trustee in bankruptcy having possession of such homestead or exemptio~t to deliver to ~ the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedAess evidenced hereby. or any renewal thereof. and do hereby, jointly and severally, appoint the Holcier the attorney in fact f.or each of them, to claim at:~ and all humestead exemptions allowed by law, ~ t1 first mortgage for t sec~u ty of the aforesaid indeUtedness is retained by OIJTDOOR ~t~SORT3 OF AMEftICA, INC., on Lot No ~2~_'7n that certain Condominium known as OUTD008 RESORTS AT NE'1TLES ISLAND~ and on any improvements. fixtures or after acquired property added therean. as ahown by plat re- ' corded in the Ofl''ice of the Cireuit Court in and far St. Lucie County, Florida, in Plitt Book 16, page 1:1A thrnugh 1J. . ~t~~ P~ _ ~ _ - - ~ ~=~s~°~ 3 ~x ~ - ~ _ - - : K _