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Home My WebLink About0793 ~ ~ . y~"~ ~ `IVr'O R T G A G E 262909 ` ~ C. William and Mary P. Hall, Northfield Road, Ninsdale, New Hampshire 03452 , the mort~,?a~or. in concideration of the principal sum specified in the promissory note hereafter described~ re- ~•ei~•ed fi•om OUTDOOR RESORTS OF AMERICA, INC.. a corporation organized and existing under the Laws ~~f the State of Tennessee, the Mortgagor, hereby on this 2~th __day of February ~ ig73 , mui•tgzges to the :1lurtgagee the real property in St. Lucie County~ Florida. described as: Lot No._ 4~8 SeCLn~tha~j certain condominium known as OUTDOOR RF`C[1R'TC ~F A?4~~~iI(''A A'~` NFTTi:~C iCi _A~Ni)~ ~g ghntunl },iy ~~~t recorded in the Office of the Circuit Court in anci for St. Lucie County. Florida, in Plat Book 16, page 1:1A through 1J. ~ TH~S IS A PURCHASE MONEY MORTGAGE as securit~~ for the payment of the promissorv note of which the following is a co~?y __~A ~~M~ - -~Q~ Installment ote and Disclosure Stotement 15912.00 ~~~8 ~A P~~ ~ T~ St. Luci e County Fiorida DUE ON CLASS 'C INTANGIBLE PERSONAL PIIOP'Elt1Y, . ' p1lfiSlMNT TO CHAPIER 71-131. ~s oF i9n. February 27 lg 73 RO~EA POITRA4 7[S'K e~c 6iRC~ltT COURT, ST. 111CIE 00~. F1A Fm• ~'alue Recei~•ed, I, ~e or either of us promise to pay to the order of nUTDOOR RESOBTS OF :~1iERI('A. INC.. P. O. Box 1116, Jensen Beach, Flor ida, 33457, or any other place as the holder hereof may cle~~i~:nate in ~rriting, the tum ofFi fteen Thousand_Ni ne _Hundred Twel ve & 00/100 ~a'jS9is •~a~ Dollars. thi, sum bein~,~ the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE c'~IARGE on the amount financed. payable in 96 equal consecutive monthly installments of c__ 165. 75 __each, and the first installment to become payable on the lst _day of- ~uly _ , ~ l~ 73_, and one such installment to become due and payable on the-lst day of each succeeding month ; i~i~til the whole of said indebtedne.ss (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 FINANCE CHARGE shall be rebated under ~ s the Rule of ?8's. f ! ~ In the e~ent of default in the due and punctual payment of any installment on thi~ Note for a period of ~ thirty (30) days~ or if any statement, representation or warranty in any application for the credit evidenced ~ k,~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOLTT ~ THE PRIOR VVRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL. ENCUMBER (EXCEPT F~'OR ANY MORTGAGE WHICH 1S SECURTTY FOR THIS NOTE) OR OTHERWISE D~SPOSE OF Oft EN- ~ ('UMBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT Oft SUFFER ANY LIEN TO ~ F:XIST ON THE REAL PftOPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ 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 ~ due shall become immediately due and payable 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 ~ to exercise the same at any other time. . ~ Time is of the essence of this Note. In the event any installment is not paid when due ~or ~vithi~ ten _ e~ days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on suck ~ns~llment in = an amount equal to 5~4 of such installment or $5, whichever is less, and in the event this Note;ia collected by law or through an attorney at law or under advice thereof, the undersigned agrees to pay all cosfs of collection, including reasonable attorney's fees and court costs to the extent permitted by Florida law. , The undersi ed and all endorsers or other gn parties to this note jointly and severally transfer. convey and assi~;n to the Holder a sufficient 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 costs;of oollection~ ~ and do hereby direct any trustee in bankruptcy having posse.s~ion of such homestead or exemption to deliver to ~ the Holder a suflicient amount of ro ert or mone set a art as exempt to p p y y p pay the indebtedness evidenced hereb o y. r any renewal thereof~ and do hereby, jointly and severally, appoint the Holder the attorney in fact for ~ each of them. to claim any and all homestead exemptions al1oH•ed by law•. ' ~ A first mortgage for the s uri y, of e aforesaid indebtedness is retained by OUTDOO~t RESORTS OF ~ ~ A1~IERICA, INC., on Lot No. 408~ n~~a~ certain Condominium known aa OUTDOOR RESORTS AT NETTLES ISI.AND, and on an im rovements, fixtures or after ac uired ~ y p q property added thereon, a4 shown by plat re- c~~rded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plst Book 16, page 1:1A through 1J. ~-a °oRK z1~ ~;v~ ~2 9 ~ & ~ - ~ ~ ~ _ _..r_: - ~ _ _ _ . ~ ...~z