HomeMy WebLinkAbout2914 M O R T G A G E This Insi y ment Pr ~ ared By ~O
~ L nn Rawte
~~6 ~ _ ~ ~ t - OtItd00r Resb~ts Of Ame~iCBa ItiC.
France Delisle, 1066 J"ea~i~Il;~.~~: Vincent, DePaul, Y Laval, Quebec, Caa.
the mortgagor, in consideration of the principal sum specifted in the promissory note hereafter described, ro-
ceived from OiITDOOR RESORTS OF AMERICA, INC.. a corporation organlzed and existing under the Laws
of the State of Tennessee, the MortSagor, hereby on this 22 day of Fsbruary, ~~g 72
mortgages to the Mortgagee the real property in St. Lucie County, Florida. described as:
Lot No 1~~-in that certain condominium known as OUTDOOR.
RESORTS OF AMERILA AT NETfI.ES ISLANA, as ahovrn by plat
recorded in the Office of the Cireuit Court in and for St 1Gucie County.
Florida, in Plat Book 16, page 1:1A thmugh 1J.
THIS I3 A PURCHAST MONEY MOItTGAGE
As security for the payment of the promissory note of which the following is a copy:
Instatiment Note and Disclosure Statement
$ 7020.00 _ St. Lucie Count~? F~orida
Daumentary Stamps '
ett~a ~~au~ February 22 ls ?2
aiq aacdM!
For Value Received~ I, we or either of us promise to pay to the order of OUTDOOR ~tESORTS OF
AMERICA. INC.. P. O. Box 1116. Jensen Beach, . Flor ida. 33457. or any other place as the holder hereof may
designate in writing. the sum of S@`?@II thousand twenty and no/lo0 ~ 7020.00 ~~p~,
this sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE
CHARGE on the amount financed. payable in 60 equal consecutive monthl
. y installments of
q-11~~00 each, and the first installment to become payable on thP lst day of April ~
19~, and one such installment to become due and payable on the 1St day of each succeeding month
i~ntil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
t>efore the final installment date, the unearned portion of- the FINANCE CIiAftGE shali be rebater3 under
the Rule of ?8's.
In the event of default in the due and punctual payment of any instaUment 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 UNDER3IGNED, WITHOLIT
THE PRIOR WRITTEN CONSENT OF THE .HOLDER HEREOF. SHALL SELL, ENCUMBEIt (EXCEPT
FOft ANY MO~tTGAGE WHICH 13 SECURITY FOR THIS NOTE) OR OTHERWISE DISPt3SE OF OB EN-
CUMBER OR COMMIT ANY BREACH OF THE MOBTGAGE OR PEftMIT O~t SUFFER ANY LIEN TO
EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDEBSIGNED AND FINANCED THROUGH
THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever
evidenced) or bankruptcy of anyone or more of the undersigned, then the entir~ 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 hoider to exercise said option shall not constitute a waiver of the right
to exercise the same at any other time.
1~me is of the essence of this Note. In the event any installment is not paid when due or within ten
days ,{~hereafter, the holder may collect, and the undersigned agrees to pay a late charge on such inatallment in
~an.aTri~nt equal to 57 of such installment or ~5, whichever is less, and in the event this Note ia collected by
~v~ or tbrough an attorney at law or under advice thereof, the undersigned agrees to pay all coat#t of collection,
~S?t~luding `reasonable attorney's fees and court costa to the extent permitted by Florida law. ~ w
,
~-~Tk~ undersigned and all endorsers or other parties to this note jointly and severally transfisr~ convey and t='
assign~ to the Holder a sufficient am~unt of such homestead or exemption as may be allowe~, fincluding such
homestead or exemption as may be set apart in bankruptcy, to pay this note in full. with all costs of oollection,
and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to
the Holder a su~ient amount of pmperty or money set apart as exempt to pay the indebtedness evidenced
hereby. oX, any:•renevyal thereof, and do hereby, jointlq and severally, appoint the Holder the attoi4fey in fact ior
each of thiehi:~.to,claifq any and all homestead exemptions allowed by law. •
A firs~ S,° rtgage for the security of the aforesaid indebtednesa is retained by OiJTDOOB RESURT3 OF
AMEHICA, INC.~ on Lot No.~in that certain Condominium known aa OUTDOOR RESORTS AT NETTLES
ISLAND~ and on any improvements. fixture$ or after acquired property added thereon, as shown by plat re-
corded in the OflSce of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 2:1A
through 1J.
~ao~20~. ~~E29~1 .
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