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~ ~,?..t MORTGAGE
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Mr ~ Claude LaFo~d & his wife Fran~oise LaFond ~
the mortgagor. in consideration of the principal sum specified in the p~omissory note hereafter described. re~-
cei~~ed from OUTDOOR RESOBTS OF AMERICA, INC.. a corporation organized and existing under the Laws
of the State of Tennessee. the Mortgagor, hereby on this~~h_day of I"~arch . , 19 73.~
mortgages to the Mortgagee the real property in St. Lucie County. Florida. described as: '
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Lot No.~~+l ~TT in that certain condominium known as OUTDOOR ~
RESORTS OF AMERICA AT NEITLES ISLAND, as shown by plat .:_r} ~~~E"~
recorded in the Office of the Circuit Court in and for St. Lucie County.
Florida, in Plat Book 16~ page 1:1A through 1J. ~ "~~~"~E'
~Q- ~~~~~ct.~~
• THIS IS A PURCHASE MONEY MORTGAGT ~~`~'v~~` J
• ~~`I_
As security for the payment of the promissory note of which the following is a copy,l~;.~~~~ z~~
Instollment Note and Disclosure~Statemen~~~~
~
~ 7, 604 .40 St . Lucie Countv , Florida
19
For Value Received, I. we or either of us promise to pay to the order of OUTDOOIt BESORTS OF
A:?iERICA, INC.. P. O. Box 1116, Jensen Beach. Flor ida, 33457. or any other place as the holder hereof may
de~ignate in writing, the sum of Seventy-six hvndred, fottr & 40%100-----Y 7, 604.40~ Dollars,
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 monthly installments of
S 126.74 each~ and the first installment to become payable on the lst day of
J~e .
19~~. and one such installment to become due and payable on the lst day of each succeeding month
until the whole of said indebtedness (Total of ~ayments) is paid. In the event of prepayment in full by cash
I before the final installment date, the unearned portion of the FINANCE CHAAGE shall be rebated under _
~ the Rule of 78's.
~ In the event of default in the due and punctual payment of aqy installment on this Note for a period of
F 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 UNDERSIGNED. WITIiOUT -
THE PRIOR WRITTEN CONSENT OF THE HOLDER HEBEOF, SHALL SELL, ENCUMBEB (EXCEPT
FOR ANY MORTGAGE WHICH 1S SECURITY FOIt THIS NOTE} OK OTHE~tWISE DISPOSE OF OR EN-
CUMBEA OR COMMIT ANY RREACH OF THE MOBTGAGE OR PERMIT O~t SUFFER ANY LIEN TO
EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED 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 entire 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 holder to exereise said option shall not constitute a waiver of the right
to exercise the same at any other time.
15me isi of the essence of this Note. In the event any installment is not paid when due or within ten
da}~b thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such installment in~
an amouni ey~aal to 5% of such installment or $5, whichever is less, and in the event this Note is collected by
':aw or trrough a7 attorney at law or under advice thereof. the undersigmed agrees to pay all costs of collection,
;nc~=~di~g :easoi:a~ie attorney's fees and court costs to the extent permitted by Florida law.
~ The _~~ndErs:gned and all endorsers or other parties to this note jointly and severally transfer, convey and
3ssigr_ to t;~e fiu'.der a sufficient amount of such homestead or exemption as may be allowed, including such
~ homestead or ~xemption as may be set apart in bankruptcy. to pay this note in full, with all costs of collection,
~ :,nd d~ hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to
the ~I~~lder a sufl'icient amount of property or money set apart as exempt to pay the indebtedness evidenced
- hereby. or any renewal thereof, and do hereby. jointly and severally, appoint the Holder the attorney in fact for
each of them. to claim a~:y and all homestead exemptions allowed by law.
- A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR BESORTS OF
i AMERICA. INC., on Lot No. 41 that certain Condominium known sa OUTDOOR RESORTS AT NET'fLES
~ ISI,AND~ 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 Plat Book 16, page 1:1A
through 1J.
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