HomeMy WebLinkAbout0817 _ . _ _
, ~ 26292'7
MORTGAGE .
C. William and Mary P. Hall, Northfield Road, Hinsdale, New Hampshire 03451
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the mortgagor. in consideration of the principal sum specified in the promissory note hereafter described~ re-
~•f~i~•ed from OUTDOOR RFSORTS OF AMERICA. INC., a corporation organized and existing under the Lawa
~~f the State of Tennessee. the Mortgagor, hereby on this?4th _day of February ~ 19 73 ~
m~,rt~;ages to the Mortgxgee the real property in St. Lucie County. Florida. described as:
Section II
Lot No._ 74~ __in that cTertai~n// ~co\*ndomiinium? Tknown as OUTDOOR?
~ES{3:'i'S OF A;~4EP.ICA ~L ~E/1 ILLV iV+/IS~(L~~ NJ v~~tta~ ~~wL
recorded 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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- THIS--iS-:1-P~3RCI~-A-6E-~iA~FrY 11iORTGAGE--
As ~ecurity for the payment of the promissory note of which the following is a copy:
Installment Note and Disclosure Statement
~ g_~,92 A~~~ __1RP~~~T~ St. Lucie County :~orida
°N ~u?ss ~c• iNTa.~cie~ ~~n~ February 24 1973
pl1f.5111?NT TO C11APiER 71-1"s4. ACiS OF 1971.
ROGER POIiRI~S ~K
~~~b pay to the order of OUTDOOR RESORTS OF
For Value Recei~~~. r e~ fier of ~us pr mise to
:~\iERICA, INC.. P. O. BoY 1116. Jensen Beach, Flor ida. 33457, or any other place as the holder hereof may
, Eight Thousand Six Hundred Seventeen & 92/100 g617.92
de~i~,nate in writing, the sum of ( ) Dollars,
this sum beinb? the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE
c'IIARGE on the amount financed, payable in 96 equal consecutive monthly installments of
~ ~__-_89 • 77 each, and the first installment to become payabie on the lst _day of
~~~y
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~ 12 Z~, and one such installment to become due and payable on the- lSt day of each succeeding month
~ t~ntil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash
~ }~efore the final installment date, the unearned portion of the FINANCE CHARGE shall be rebated under
~ the Rule of 78's.
~ In the event of default in the due and punctual payment of any installment on this Note far a period of
t}~irty (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~ WITHOU'T
~ THE PRIOR WRITTFN ('nNSF.NT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT
FOR ANY MORTGAGE R'HICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN-
('UMBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO
F.X1ST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
~ TIiE 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 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
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¢ ±o exer~ise_ the same_ at_anY -nLher _time. - _ _ _ _ - - - _ - -i - - -
~ Time is of the essenc~ of this Note. In the event any installment is not. paid when due or lvithin• ten
~ days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on such instJ~ll~ertt in
an amount equal to 5~4 of such installment or $5, whichever is less, and in the event this Note ~is cdllected by
~ law or through an attorney at law or under advice thereof, the undersigned agrees to pay all cos{s of collection,
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including reasonable attorney's fees and court costs to the extent permitted by Florida law. =
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~a The undersigned and all endorsers or other parties to this note jointly and severally transt~l. convey and
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assign to the Holder a sufficient amount of such homestead or exemption as may be allowed~ in~cluding such
~ homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all cost`s~af collection,
~ and do hereby direct any trustee in bankruptcy having possession 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 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 al1oK•ed by law.
~ A first mortgage for the sec~ rity, of aforesaid indebtedness is retained by OU1'DOOR RESORTS OF
a J~Cj,1011 ~
~ AMERICA, INC., on Lot Na 74~ ~n inat certain Condominium known sa OUTDOOR RESORTS AT NETTLES
ISLAND, and on any improvements, fixtures or after acquired property added Wereon, as shown by plat re-
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corded in the Oflice of the Circuit Court in and for St. I.ucie Cou a, in Plat Book 16, page 1:1A
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~ through 1J.
~ 800K ~ FAGE (716
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