Loading...
HomeMy WebLinkAbout1214 ~ - ~ , , , 26'~485 ~ MORTGAGE Jerome E. & Bette A. Kowalski, 2414 Oorchester, Troy, Michigan , _ ~ the murtgagor. in consideration of the principal sum specified in the promissory note hereafter described~ re- ~•t•i~•ed from OUTDOOR RESORTS OF AMERICA. INC.. a corporation organized and existing under the Laws ~~f the State of Tennessee, the Mortgagor, hereby on this 22nd day of February 1973 rn~~rtga~,•es to the Mortgagee the real property in St. Lucie County. Florida. described as: ~ ~ 1120 Section II ~ Lot No.__ _-_-_-_in that certain condominium known as OUTDOOR '1 RESORTS OF AMERICA AT NETTLES ISLAND. as shown by plat • recorded in the Oflice of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J.- THIS IS A PURCHASE bi01\El' MOftTGAGE ~ecurit~- for the payment of the promissory note of which the following is a coFy: Instaliment Note and Disclosure Statement RECEIVED - IN PAYl~1fNT OF TIIXES St. Lucie County ` 7799 .40 Dt~E o~ cuss •c ihTiw~~t~ ~ ~L Y?OPER(Y, _ Florida pdRSUM1T TO Cl~J1PrER 71•1~1, e;is of iy~i. ~ G February 22 lg 73 ROGE~ POITRAS ~ CLERK CIRCUtt COURT. S1. UICIE OOt FU~ For ~'alue Recei~ed, I, µe or either of us prom~se to pay to the order of OUTDOOR RESORTS OF :1~tERICA, tNC., P. O. Bo•c 1116, Jensen Beach, Flor ida, 33457, or any other place as the holder hereof may ~it~<i~*nate in ~~~riting, the sum o~even Thousand Seven Hundred Ni nety Ni ne&40/100 ~ 7799.40 ~~~~a~, tt~i. ~~~m being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE t~IiARGE on the amount financed. payable in-__-_ 60 equal consecutive monthly installments of 129 • 99 each, and the first installment to become payable on the lst day of- Apri 1 ~ ' I~ 73_, and one such installment to become ~lue and payable on the- lst day of each succeeding month ; ~~»tii the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ 1~efore the fina! installment date, the unearned portion of the FI1`'ANCE CHARGE shall be rebated under g the Rule of ?8's. 3 ~ In the e~ent of default in the due and punctual payment of any installment on this Note for a period of ~ thirty (30) days, or if any statement, representation or warranty in any application for the credit evidenced ~ t;~• this I~'ote is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT ~ 'I'1(E PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERV4'ISE DISPOSE OF OR EN- ('liMBER OR COMMIT ANY RREACH OF THE MOftTGAGE OR PERbiIT OR SUFFER ANY LIEN TO EYIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH "I'I~E 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 ~ ciue shall become immediately due and payable aL 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 ~ to exercise the same at any other time. 9 ~ Time is ef the essence of this Note. In the e~ ent any installment is not paid when due or within ten - days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such` instaliment in L an amount equal to 5 ~ of such installment or $5, whichever is less, and in the event this Note is collected by ]aw or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection. `=j including reasonable attorney's fees and court costs to the extent permitted by Florida law. - gned and all endorsers or other parties to this note jointly and severally transfer, convey and The undersi - a;sign to the Holder a suflicient amount of such homestead or exemption as may be allowed~ including such ~ homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costsof collection, and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to the Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness evidenced ~:`j hereby, or any renewal 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 alto«~ed Uy laH•. F~a A first mortgage for the secu t nf th foresaid indebtedness is retained by OUTDOOR RESORTS OF ~ ~~MERICA, INC., on I.ot I~'o. 1120 t~a~~cer~ta n Condominium known aa OUTDOOR RESORTS AT NETTLES ISLAND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- ~Y ~ c~~rded in the ORice of the Circuit Court in and for St. Lucie County, Florida, in Plet Book 16, page 1:1A through 1J. ~ R zZ~ . f.- ~GoK220 P~121i ~ _ - ri _ - z_