HomeMy WebLinkAbout0084 This Instrument Prepated gY '
230835 M O R T G_A ~7 E ~ Lynn Raw1eY
c.'~,~doot Resorts ot Ameriw, in~.
Mrs. Mariette Lainesse~ 62 Fifth Ave.~E, LaSarre""~ Abitibi W, Qnebec, Can.
the mort~;agor, in consideration of the principal sum specified in the promiwwry note hereafter described~ re-
~•~~i~•ed from OUTDOOR RF.SORTS OF AMERICA. INC., a corporation organized and existing under the Laws
~~f the State of Tennessee~ the Mortgagor, hereby on this 22 -day of February 19~,
murtgages to the biortgagee the real property in St. Lucie County. Floridx. described as:
Lot No. 14f i--in that certain condominium known as OUTDOOR
RESORTS OF ADiERICA AT NE1"fLES ISLAI~'D, as shown Uy pla4`'
recorded in the OfTice of the Circuit Court in and for St. Li:cie County.
Floi•ida, in Plat Book 16, page 1:1A through 1J. ~
THIS IS A PURCHASE bfONEY MORT(:AGE
.ecurit~• for the payment of the promissoiy note of which the foliowing is a copS :
Installment Note and Disclosure Statement
IN PAYUENT ~ T11~ St Lucie C~lLnt~_, Florida
~ 7020.00 ~
DUE ON eLASS 'C IqTAtlG18LE ?E,RS1~1111 PNOPEIIIY~
~ To a~~^~-~ ll-liS. RCTS OF 19)1. ~ February 22 1972
c;~~.ad c. ; . . ~ RG:.E=: P01:°J?S ~
qfRl( GRWIt qJRi S~. wCtt C0. FlA
~~a~e Recei~•ed, 1. He or e~ther o~ us promise to pay to the order of OUTDOOR RESOftTS OF .
:1~IERICA, INC., P. O. Box 1116, Jensen Beach, Florida. 33457, or any other place as the holder hereof may
~it~~i~nate in writin~;, the sum of SeveA thousand twenty and no/100 fI020.00 ~ Dollars,
r.hi, siim bein~ the Total of Payments referred to in the Disctosure Statement below, which includes a FINANCE
~'IIARGE on the amount financed, payable in____ 60_ equal consecutive monthly installments of
~ 1~7~_QQ__ __each, and the first installment to become payable on the~~.~day of~~ril ,
1'? 72_, and one such installment to become c~ue and payable on the-lst day of each succeeding month
l~,~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
I~~~f~~re the final installmeni date, the unearned portion of the FINANCE CHARGE shall be rebated under
! th~~ Rule of ?8'~.
~ In the e~ent of default in the due and punctual payment of any installment on this Note for a period of
t?~irty (30) days, or if any statement, representation or waFranty in any applicatiori for the credit evidenced
this I~'ote is found to be untrue in any material respect, or in the event TNE UNDERSIGNED. WITHOUT
TNE PRIOR ~VRITTEN GONSE\T OF THE HOLDER _HEREOF. SHALL SF.LL. ENCUMBER (EXCEPT
FnR ANY MORTGAGE 1~VHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
('LMBER OR COM:1iIT ANY RREAGH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO
F:.l'IST ON THE RF:AL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUCH :
THE CREDIT EVIDENCED BY THIS NOTE or in the event ~of the incompetency, insolvency (howsoever ~
e~•idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then
~iue shall become immediately due and pa~•able at the option of the holder hereof without demand. presentment ~
~~r notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right F
t~, exercise the same at any other time.
Time is of the essence of this Note. In the e~ent any installment is not paid when due or within ten
~ elays thereafter, the holder may collect, and the undersiKned agrees to pay a late charge on such installment in
~ <~~i amount equal to 5',; of such installment or $5. whiche~er is less, and in the event this Note is collected by
law b~rough an attorneS~ at law or under advice thereof, the undersigned agrees to pay all costs of collPCtion.
~ includinR ~ea.sonable attorney's fees and court costs to the extent permitted by Florida law.
The undersigned and all endorsers or other parties to this note jointly and severaily transfer, convey and
~ assi~n to the Holder a suflicient amount of such homestead or exemption as may be allowed. including such
j
homestead or exemption as may be set apart in bankruptcy. to pay this note in full, with all costs of collectinn. ~
~ and do hereby direct any trustee in bankruptcy having posse~sion of such homestead or exemption to deliver to
~ the Holder a suflicient amount of property or money set apart as exempt to pay the indebtedness evidenced
~
~ hereby, or any rene~•al thereof, and do hereby, jointly and se~~erally, appoint the Holder the attorney in fact for
each of them. to claim any and all homestead exemptions allow•ed by law.
~
~ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF
~ a~tERICA, INC., on Lot No.~4~in that certain Condominium known as OUTDOOR RESORTS AT NET1`LES
fSLAND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re-
~ corded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plst Book 16, page 1:1A
throu~h 1J.
~ - °oo~ 203 Pa~~ $4
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