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Home My WebLink About0775 ~ _ ~33U~~~32 ~ o~a i ~c wrMw,~c ~ asuwr r~ aw~i. Ac'rs ar i~n. ' c~ • f•'C'~;s~ ~I~ ~A: ~ , CLEltli CIk9~MT W,J:ti. S~: lw~t Fl/~ ~ ~ i MORTGAGE ~ _ ~~v ~e1 / P e~~ , the mortgagor. in consideration of the principal_ sum specified in the promiseory note hereafter deacribed. re- ~ ceived frnm OUTDOOR RESORTS OF AMERICA. INC., a corporation organi ed and existing uuder the Lawe ' of the State of Tennessee, e Mortgagor. hereby on this_~$~day of- 18.z~ mortgagea to the Moct the real property in St. Lucie County, Florida, described as: ' in Lot Na_~~in that ~ certain condominium known as OUTDOOR RESO TS OF AMERICA s AT NE'I"fLES ISLAND, as shown by plat recorded in the Office oi the ' Circuit Court in and ior St. Lucie unty. Florida, in Ptat Book l6, p ge 1:1A through 1J. ~P~ts~RS • ~~Qa _s-~~/4~~ pOQ 9 ~ UCE ONIY • THl3 1S A PURCNASE MONEY MORTGAGE ~ 1 As security for the payment of the promiasory note of which the following is a copy : Instoliment Note and Disclosure Stotement = t~9 9~D L-u ciF C~ _~o~a. isZ For Value Received, 1, we or either of us prom ise to pay to the order of OUTDOOR RESORTS OF A MERiCA, iNC,. P. O. Box 1116. Jensen Beach. FIoT ida. 3345T. or any other place as the holder hereof may desi~nate in writing, the aum ofS,, ~b~t~'~~nd~~~[ . ~ Do~~am, this ~um being the Total of Payments referred to in the Disclosure Statement below. which includea s FINANCE CHARGE on the amount financed, payable in equal conaecutive monthly installmente of $_~_O • 3 3 esch. and the first i~stallment to become payable on th ~ day oi- 19~ and one such installment to become due and f da of each succeedin month payable on the- y g untii the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment~ in full by caah t>efore the final instaliment date, the unearned portion of the FINANCE CHARGE ahall be rebated under the Rule of 78's. In the event oi default in the due and punctual payment of any instaliment on this Note for A period of thirty (30) days. or if any statement, representation or warranty in any spplication for the ctedit evidenced by this Note ia found to be untrue in any materisl respect, or in the event THE UNDERSIGNED. WITHOUT THE PItIOR WBITTEN CONSENT OF THE HOLDER HEBEOF. SHALL SELL. ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICN 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR, EN- CUMBER OK COMMIT ANY RREACH OF THE MORTCAGE OR PERMIT OR SUFFER ANY LIEN TO 'i EXIST ON THE REAL PROPERTY PURC}iASED BY THE UNDERSIGNED AND FINANCED THBOUGH ; THE CREDIT EVIDENCED BY THIS NQTE or in the event of the incompetency. insolvency (howeoever M evidenced) or bankruptcy of anyone or more of the undersigned, then the entite nmaining indebtednesa then ; due ahsll beoome immediately due and payable at the option of the holder hereof without demand. pr~entment ~ or notioe of any kind. Any failure of holder to exereise said option shall not conatitute a waiver of the riQht to exerciae the aame at any other time. ~ Time ia of the essence of this Note. In the event any installment is not paid when due or within ten daya theresiter. the holder msy coUect, and the undersigned agrees to pay a late charge on such inatallment in ~ an amount equal to 5''! of such inetallment or $5, whichever is leas. and in the event this Note is oollected by law or thmugh an attorney at law or under advice thereof. the underaigned agrees to psy all coata of coliection. including resaonable attorney's fees and court coats to the extent permitted by Florids law. i ~ The underaigned and all endoraers or other parties to this note jointly and severally transfer, convey and ~ assign to the Holder a suff?cient amount of such homestead or exemption as may be allowed, including auch ~ homestead or exemption as may be aet apart in bankruptcy, to pay this note in full. +~vith all coata of collection. ~ and do hereby direct ar~}r tru$tee in bankruptcy having posse.sxion of such homestead or exemption ~o deliver to ihe Holder a sufficient amount of property or money set apart as exempt to pay the indPbtednesa e~idenced ; ~ hereby. or any renewal thereof. and do hereby. jointly and severally, appoint the Holder the attorney in fact for ; ~ each of them. to claim any and all homestead exemptions allowed b~ law. ' ~ t A first mor or the security o! the aforesaid indebledness is retained by OUTDOOR RESORTS OF AMERICA. INC.. ~ ~ in I.ot No. ~G!_~+fn that certain Condominium known as OtITDOOR RESORTS AT # , ~ETTLES IS1.ANU, and on any improvements, fixtures or atter acyuired property added thereon, as shown by dlal recorded in s ~ the Offim ~f Ih~ Circuit Court in and tor St. I.ucie County. Florida, in Plat B«?k 16, paRe l:lA throuRh 1J. ~ ~ - ~ ~ . . . ~ ~ ~ r~ ~j~ ~ M-"~ FAGE ~ ~1 ~ . - ~ - # . - ~ ~ ~ ~ - ~ q_~ _ - Y ~ ~ ~~,~z° ~-~~u.>. -r ~ ~ _ <