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Home My WebLink About0541 ~ 3~219~ t9~~ PURCHASE MONEIl~ MOR~GAC3~ f~ . . ~ ~ f--~_~--- _ th~ mortgagorlsl. [or the purpose of.securing the prompl and faithful payment o[ lhe unpaid balance of the purchasc ~,rire ot the rc•al estate hereina[ter described. which u~paid balance is evidenced by a promissory nole a( even datr, hereinatter described. which ~eal estate has beeo purchased from OUTDOOR RESORTS OF AMERICA. INC.. hercina(ter called the Mortgagee. the MortgaRor~ hereby on this 1?th day of ~ , lgl6 , mortKages to the Mortgagee the real property in St. Lucie Count,y. Florida, described as: I.ot No. in that certain coadominium known as OUTDOOR RESORTS AT NETTLES ISLAND, as shown by plat recorded in the Office ot the Circuit Court in and for St. Lucie County, Florida, in Piat Book 16, page 1:1A through 1J. As security for the payment of the promissory note of which the following is a copy: ~ PROMISSORY NOTE / = 11 ~d19 ?(1 ~_E~' d~ M pAYMENI OF TI~_ $f' T~rio CYr t~ , Florida ~ ~ ~ ~ ~ ~n• Deo~ 17, 1976 pUpSUANt TO C11M~ES 71-13~. ACTS~ 1971. (Date) ROC;E'. P~ITRA: ct~~c ciRCUit oouar. wc:~E Oo. FOR VALUE RECENED, ~ri VillP~n~ promises to pay to the order of OUTDOOR RESORTS OF AMERICA, INC., the principal sum of ~a:wr Tho~usana F«ir Ii~marea '~ir~et~.n ana 20 oo-- - - - Dollars 4t 9~ _ 2~ ) in consecutive monthly installments as follows: On the ~ 7t~+ day of ~~a. r-, 19 . a~ installment of - ;vinety Five and 16/100-- ~ ~ Dollars (i 95_16 ) and thereafter on the same day of each aad every succeeding month an installment of like amount until the entire principal sum is paid in full; provided. however. no installraent shall exceed the unpaid principal sum. Interest shall accrue at the highest contract rate after matarity. This note is payable at the oifice of Payee. 2400 Crestmoor, Nashville, Tennessee 37215~ or such other places as the holder may direct. _ Time is of the essence hereof aad in the event any installment or any part tnereof. is not paid on the date it becomes due, then the entire unpaid balance of this note shall. at the option of the holder hereof. immediately become due and payable without notice or demand; and failure oa the part of the holder to exercise such option upon default shall not constitute a waiver or an estoppel to later declare a default. such right being a rnntinuing one. All makers. endorsers and gaarantors. jointly and severally, expressly waive demand and/or presentment for payment, aotice of nonpayment, prntest, notice of prntest. and diligence in bringing suit against any party hereto and all parties hereto consent that the time of payment may be eatended ~rom time to time either before or after maturity without notice to them aad further consent that all or any part of the security for the payment hereof may ~i be released without their approval and without notice to them. All makers. endorsers and guarantors. jointly aad severally agree to pay all cost of collection, including a { reasonable attorney's fee. . ~ This note is secured by a mortgage of even date duly recorded in the Office of the Circuit Court~ St. Lucie County, Florida. You have the orytion to void your cartract or agreement by natice to the seller if you did r~at reoeive a Proi~ert'Y RePati P~''aPs~ P~rsuant to the Rules and Eiegulations af the OHice af Inte~state Land Sales Registration, U. S. Depsrtrnent of Housing snd Urb~n Development, in advsnce of, or at the time of your signing the oa~tra~."t or agreen~ent. If you r+eoeived the P~+operty Re~sort less than 48 hours prior to signing the contract or agr+eement you have the right to revoke the oontract or agreerrent by natice to the seiler until rnidnight of the third business day foilowing the consumation of the trar~sac~tion. A business dsy is any calendar dey exoeryt Sundsy, or the fdlowing business liolideys; Na~w Ye~'s Day, Washington's Bi~rtt~dsy, Memorial O~sy, Indepenclenoe D~ay, Labor ~ay, Veteran's Day, Columbus Dsy, Ti~anksgiving, and Clxist~rrws. _ Address: " ~ ~ : ; ~ .-~~G o ~ • . /1. _ - c:_.-l~G L~~ ~ ~ Purchaser's Signature ~ ~ ~t~ ~ Purchaser's Signature The makers of the above note do hereby conCirm that they have not either sin rly or jointly rescinded or voided their obligation as set out in the above note. This the_~Ath o 19 ~ . Purchaser's Signature NETTLES ISLAND - January, 1976 ~ - ~ Purchaser's Signature