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Home My WebLink About0805 r ~ ' ~ ~ ~ 262918 ~ ~ MORTGAG E C. William and Mar~r P. Hall,-Northfield Road, Hinsda~e,-New Hampshi~e~03451 ~ - the mortgzgor, in consideration of the principal sum specified in the promissory note hereafter described, re- - ~•ei~•ed from OUTDOOR RESORTS OF AMERICA, INC.. a corporation organized and existing under the Lawa ~~f the State of Tennessee. the Mortgagor, hereby on this 24th _day of February ~ lg 73 , mortfiafies to the Mortgagee the real property in St. Lucie County. Florida. described as: 1325 Secti or~ I ~ ~ Lot No.-_ _ in ha certain condominium known as OUTDOOR RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat I'~~:L~~ ~A:~~ ^f ±}ta r::'£*.'.:± ~~:Er! .n nn~ fnr Rt, T.~~~ia ~`n~i~t~. Florida, in Plat Book 16~ page 1:1A through 1J. THIS IS A PURCHASE MONEY MOBTGAGE fu pp~ n;~p,g A~e~ur~.L• for the payment of the promissory note of which the following is a coFy : ~~xm ~ - --~~~.--ti4~ - Installment Note and Disciosure Statement . G 8617.92 7. ~ ~N PAYMENi OF TAXES St. Luci e County Fiorida ~ DUE ON CIASS'C INTAMGIBIE PfRSONAt PR~O~ERry, February 24 lg 73 PURSUANT TO CHAPiER T1•134, ACJ pF 1911, ROuER POITRAS ~ For Value Recei~•e~~ 61U~t?Sr~Bf~e~-d~ifso~rb~ise to pay to the order of OUTDOOR RESORTS OF y:tERICA, INC.. P. O. Box 1116. Jensen Beach, Flor ida. 33457. or any other place as the holder hereof may cit~~i~;nate in writinfi, the sum of Eight Thousand Six Hundred Seventeen & 92/100 ~ 8617.92 ~ Dollars, this sam being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ('E(ARGE on the amount financed. payable in 96 equal consecutive monthly installments of S_ 89•~~ each, and the first installment to become payable on the 1s~ -day of ~uly . 19 73 . and one such installment to become due and payable on the-15t dsy of each succeeding month I until the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ~ t~efore the fina} installment date, the unearned portion of the FIYANCE CHAftGE shall be- rebated under f 1he Rule of 78's. . ~ 6 E In the event 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~y this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED~ WITHOUT . ~ THE PRIOR WRITTEN GONSENT OF THE HOLDER HEREOF, SHALL SELL~ ENCUMBER (EXCEPT = FOR ANY MORTGAGE WHICH 1S SECURITY FOR THI~ NOTE) OR OTHERWISE DISPOSE QF OR ~N- CUMBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFEB 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 (howsQever evidencec~; or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then due shali 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 exercise said option shall not constitute a waiver of the right to exercise the same at any other time. ~ ~ __Time i~_of__the gssence of_ this _Note._ In the_ eve_nt _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 installment in an amount equal to 5~ of such installment or $5, whichever is less, and in the event this Note is collected by law or through an attorney at law or under advice thereof. the undersigned agrees to pay all costs Qf ~ollection. . including reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ 1 = The undersigned and all endorsers or other parties to this note jointly and severally transf~, co'nvey gnd ~ assign 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 collection, ~ and do hereby dizect any trustee in bankruptcy having possession of such homestead or exemptioq~ ,to deliver tfl the Holder a sutf'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 attor~ in facf'for each of them, to claim any and all homestead exemptions allowed by law. ~ ~Y A first mortgage for the sec t aforesaid indebtedness is retained by OUTDOOft RESORTS OF , ~~'~~i~n ~g ~ AMERICA, INC., on Lot No. 1325 ~n that certain Condominium knoarn aa OUTDOOR RES08TS AT NETTLES ~ ISLAND, and on any impmvements, fixtures or after acquired property added thereon, as shown by plat re- ~ corded in the Oflice of the Circuit Court in and for St. Lucie County Florida. in Plat Book 16, page 1:1A ~ < through 1J. 80CK P,1GE 'j ) ~ - - = J ~ : ° ` _ _ , _ _ ; '~,~.~c~~,r- ~