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Home My WebLink About0622 i i t ; - t 1 t , ~ - • . . 6' - _ - - . r~b~ MORTGAGE ~l~~IY..CL_f.~• ~A~e1~T ~ . ~ the mcrtga~or, in considerati of the principal sum specified in the promissory nute hereafter described, re- rei~~ed from OUTDOOR RESORTS OF AMERICA, INC., a corpor 'on organized and existing under the Laws z?f lhe State of Tennessee~ the Mortgagor. hereby on this day of~~•~> ~ 191,z_~ mc,rtga~,*e:~~t,~ the Mortgagee the real perty in St. Lucie County, Florid~, descrlbed as: ~ Lot No in that certain condominium known as OUTDOOR ; ~ ~ RESORTS O AMERICA AT NETTLES ISL~.~TD, as shbwn by plat recorded in the OflSce of the Circuit Court in and for St. Lucie County~ fi Florida, in Plat Book 16, page 1:1A through 1J. RfPR~l4ERS ° ~J !h• I A P R HA3E NEY MORT t~ 't~'ax °~5~,? -:i6/- /~~"-7~ . TH S IS U C MO G~ As security for the payment of the promissory note of which_ the follawing is a copy.: `'~'-S~ - Instollment Note and Disclosure Statement ~ ~ M r~r aF ~aet ~l~: E ~o, ~ , ~oriaa ~ 3 ~ ou~ oN a~w ~ raw~+~ ~ow~ no~n ~ pu~wrr r~ awrFR n•i~. ~crs oF i9~i. ~ ~'LtG~f ~a. . 19~ ~ . For Valae Received. I~ o~ori~tl~ewrqfs~~o~;~to pay to the_ order of OUTDOOR RESORTS OF a1~1ERICA. INC.. P. O. Box 1116,. Jensen Beach, Flor ida~ 33457. or any other place as the holder hereof may cie~i~nate in writing~ the sum o ( Dollars. this s~em being the Total of Payme fer to in the Disclasu tate e below. which includes a FINANCE t'IIARGE on e amount financed; payable i~~ equal consecu~ve monthly installments of ~ each. and the first installment to become payable on th day of ~ 19 , and one such installment to become due and payable on th day of each succeeding mo~th t~ntil~ the whole of said indebtedness ~(Total of Payments) ~ is paid. In the ecent of prepayment in full by cash t,efore the finsl installment date, the unearned portion of the FINANCE CHAftGE shall be rebated ander ; the Rule of '~8's. ~ - ~ ~ ~ . i 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 iJNDERSIGNED, WITHOUT THE PRIOR ~VRITTEN CONSENT OF THE HOLDE~t HEftEOF~ SHALL SELL. ENCUMBER (EXCEPT I FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ' CUMBEK OB COMMIT ANY BREACH OF THE MORTGAGE OR PEBMIT OR~ SUFFER ANY LIEN TO EXIS'!' ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGYi THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howscever t evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ciue shall become immediately due an~ payable at the option of the holder hereof without demand, presentment or notice of any kind. Any failure of holder to exercise said option shail not constitute a waiver of the right - to exercise the satne at any other time. ~ Time is of the essence of thia Nate. 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 idstaliment in an amount equal to 5~~ of such instaliment or ~5, whichever is less, and in the event this Note is collected by law or through an attorney at law or under advice thereof~ the underaigned agrees to pay all cos~s.of ~llection, ~ ~ including reasonable attorney's fees and court s~osta to the extent permitted by Florida law. t.__ ~ R The undersigned .snd all endorssrs or other parties to this note jointly and Qeverally transf~er. cpqvey and assign to the Holder a suflicient amuvnt of such homestead or exemption as may tie allowed, ~cluiiing such homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all cost,g•of i;ollection, and do hereby direct any trustee in bankruptcy -having possession of such homestead or exemption to deliver: to the Holder a sufficient amount of property or mgney set apart as exempt to pay the indebted~s _ evidenced hereby~ or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the attorg~y in fact for ~ each of them, to claim a~ti~? and all homestead exemptions alloK~ed by law: - ~ A first mortgage for the rity of the aforesaid indebtedness is retained by OUTDOOR .RFSORT3 OF AMERICA, INC., on Lot No in that certain Condomin:um known as OUTDOOR RESORTS AT NE'1TLFS - ISLAND. and on any imprnve nts, fixturea or after acquired property add~ thereon, as shown by plat re- corded in the Oflice of~ the Cireuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A ~ through ]J. ~ ~ ~ F~IR ~f~ - t Uti 3- t 3~'1 C~ 1- - ~ _ - - ~ > ~ ~ ~ :;z, ~aa~~~+ - - _ _ _ ~ ` -