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MORTGAGE ~ 21`7021 H~~'~LD S~ E1lA LQBE~iZ _ _ - - - - - - - 'F'.~• Ill~~t't~~:l};~~1'. !Il l'I~I1~?l~l'1'Iltll)Il ~~f the {)!'111CI~Yl~ tiUlll ~~)f'CIIIE'i, I11 t}1P ~)1'OTlll~~O1'\' illl~e hereafter de~cril~ed~ TE~- ,:~f•~i ir~~m O1'Tf)O(lR I:F.~ORTti OF A\iE:RI('A, I\t'.. ~i cor~~~n•~ition or~,?.urz~:~ ~in~l exi.tin~,r ~nide~• the LaH•s , th~• `tat~• ~~f Tc~nnes.ee, the ~iortgzkor, hereb~• on thi~ 23rd _da~• ~f_ I~ecem~er 19_ ZO , rr~~rt~,~.~~,•c~~ t~~ the ~I~~rt~,~:i},~E'E' the re~il prupert~~ in St. Lucie ('ount~•, Flurida, de~cribeci as: I.~~t 15~-~i - S n~~~i°a~ ei tain conduminium kno~~•n as OL1Tl~OR ~,~~,5 hF.SnRTS OF A~1F.I:ICA ~T \ ETTLF.S ISI. a\ I), a. .ho~r« b~• plat ~~~l. re: n?•ded iii the Oflice ~f the Circuit ('ourt in an~i f~~r St. Lucie Cou~it~•, ~oQ~'~ ~Ic??•ida. in Plat B~x~k 16, pa~;e 1:lA thr~~u~?h 1J. Q~ ~q~~' s ~ ~~E,f OE THIS IS A Pl'R('H~SE ~10\El' ~IORTGaGE ~ ~ ~t~r~u•it~• fot- the ~~.,~•nzent of the promis~or~• note of ~~•hich the follo~~•in~; is a cop 1~• ' t s-~~~~•.Q~ ~,t~~. ~~~5~ / ~ Installment Note and Disclosure S~~~~e~;~~`~,.y\~`~o< . : oo~~,,, Qo~•'~ C~:` to` ; : g, I~~. ~Il- ~ ` • ~~lorida ~ , SP`~C• ~~J~. ~ - 19~II- - ~mb~~~ ; F~~i- ~'alue Recei~•e~1, i, «•e or either of u. pr~~m i~e t~~ pa~~ to the order ~f L'TDOOR RESORTS OF - .111F:}:1('a. I\('., l'. O. B~~x 1116. Jensen Beach, Flor idx, 33457, or an}• other place ac the holder hereof may > ~'.~•~i~t~ate in ~~~riti~z~, the ~um ~f Eight thousand seven hundred thirty six & n0/10~0 nollars, ~ ~um hrin~.~ thr Tutal uf Pa~•ment. referred to in the I~i,clusure Statement Uelow•. ~~•hich includes a FItiANCE - ~ i1:~KG~: m~ the am~~unt financt~d, pa~•ahle in.__ ~6 _equal conseruti~•e monthly instaliments of - 91.40 earh, and ;he tir.~t installmc~nt tu become }~~y-~tiae on the_ lst____day of__ ~ril 71 ..?n~1 ~~nt~ ~ui•h in~tallm«~nt t~~ 1~ccnm~ eluc <c?~d ~~a~•able un the lst_ da~~ of each succeedinK month - ~•?il th.~ ~+~hul~~ ~~f .aicl in~it~l~tedne.~ (T~~tal ~~f E'a~~mznt.) i~ E~.iid. In the e~•ent ~f prepa~•ment in fuli t~~~ ca.~h ~•;~~r~~ tht• tinal in~t~illr~t~nt ciatt~, th~~ un~arned p~~rtion of thE FI\~?1('E CHARGE ~hall t,e rebated under - i;~~ I{i~le ~~f ~t~'~. [n th.~ e~~e?~t ~~f df~fault in the ~iuc~ an~i punrtu~ii pa~•ment of any installment on this \ote for a period of ~;:rtr ~30) ~1a~~~, ur if an}- ~tatti~RIPIlI, rt~~~re~cnt.ition or ~~~arrantt• in an~• apptication fur the creciit evidenced '3 thi. \~~te i. fc~i~nd t~ hf~ untrue in an}• m.~terial re~~~ert, ur in the e~-ent TIIE UNI)ERSIG:`ED, R'ITHOL°I' i~iiE t'RInR 1~'ItI'I'T~:\ t'(1\~H:\T TH1~; H(11.I)ER NEHEOF. ~HALI. SFLI,. ENCUMBER (EXCEYT F~~?R \iOKT~:~(:E ~~'til~'ti 1~ ~I~:t't"i:l'f'1' f~OR Tl{Iti ~OTE:1 OR OTHER«'1SE DISPOSE OF OR EN- + L'\IBEN OR ('(1~i~tl'I' ~~l' I:hr;:~('}{ (~F TfiE ~fC1NTl:AI:i~: ()R PER~iIT OR SL'FFER A;`~' L1EN TO E'\I1T Ti~F. RF:r\[. E'fii:?I'f•:~~"1'1' Yt'R('I{:~tiF:II RZ" TtiF. L'\1)~:RSI(:1EI) a\D F'ItiAtiCED THROUGH ~!'H~: ('I:EIIIT r:~'ll~i~:\f'E~:l~ I;1- "I'}ilS \(~'1'F ~~r in the e~~ent of the incampetency, insolvency (hovasoever idenred? ~~r I~ankruptc~- ~~f ~in~•~~n~ ~~r m~~rt~ ~~f the under~ikned, then the entire remaining indebtedness then ~l~ie ~hall I~ec~>me imrnc~~'i<itE•1~• ~ii~~~ .~~~;1 E~ac:it~le xt thc~ ~,pti~~n ~~f the hulder here~?f ~~ithout demand, presentment ~~r ~wtice ~~f an~• ki~id. f:i;lui•r ~~t hul~~er t~~ r~c~rri:e ~aid ~~pti~~n ~hail ncit cr>nstitute x H~ai~•er ~~f the riRht ° t~~ exercise tht~ ~:ime .~t ~~t~~c~r ±im~~. Time i, of the t~:~~~ncc• t'~i, \~~te. In thE~ e~~ent xn~• in~tallment i~ n~~t paid when due or within ten = ~.+.a~•. thereafter, th~~ h~~lu~~r ~~~<<~: :~~~Ilt~r!. :cr.~i th~~ !u~ct~r.i~~nc~d .~~.~r~~•~ t~~ ~~a}• a late char~,*e ~~n ~uch installment in [Iil <?T?:!?Uilt f~~liii= r~, ~ n~.l~'}~ !'.l~i:ti~t~':~'Il~ i~C ~~'~?:~'}1F~Ck'1' t~ ~t•::, iili(~ lIl t~lt' r~~ent thi~ ~l?te 19 Cfil~eCtP(~ - 1<«c ur thr~,st~h .??f ;~tt~~rr.~~. t~i« "r ~.;r;~l~~r a;l~-icc~ t}:t~?-<~~~f. tht~ ~~n~l~~r~i~.~nc~~l ay,•ree, t~, pa~• aU e~~sts of r~ll~•eti~,n. ;(IC~UI~IR},~ t'l`:l:~~ll:iE~~t' :itt~+2';~~•~~~ i~'1'~ :1111: ('~~tlCt t'~~~tti t~~ T}1P Pxtrnt ~~ernlitted ii~' ~'~(1Cl(~ii ~:iN'. - ~'he uncler~iFnt~ci :t:~~l ai! end~~r~t~r~ ~~r ~~ther ~~:irtit~~ thi~ nut~~ i~~intl}~ ~nd ~e~•erall~• tran~fer, c•~m~e~ and a::i~n t,~ the N~,}~Ic~r ~i ~~;1?irie:~t xn:~~i~nt ,~f ~u~ ti hnm~~:t~~.?~1 ~~r t~~~~mpti~m a• ma~- {~e alluw~ed. incliidinK ~i~ch - h~~me~tead r~r ~~~emF~ti~~n .t.. m~i~• he s~~t a~~art in ~~ankrui~te•~-, t~~ ~~:i}• thi~ nute in full, ~sith all rasts ~~f collectiun, _ and d~~ h~rt~?~~~ dir~~~•t an}• fru~t~~e in F~a:lkru~~tc}• ha~•in~ ~~~~~~~•~~i~~?z ~~f ~uch h~~mr:tead ~~r e~empti~~n to deli~•er to - the Hul~ir~r a~!;fticit~~it am~=uiit ~~f ~~r~,~~F~ri~ ~~r mune}• ~t•t a~~.~rt exe~mpt t+~ {~~i~- the ~n~lebtecit~es9 evidenced hereh~•, ~~r an}• r~~nf~~~-al the•rc~~~f, lili(I il~~ h~~rc~4~t-, j~~ir.tl~' anil ~r~~c~rall}, a~~~~~~int the Hr~ldt~r tht~ attorney in fact for = c~arh ~~f thNm, t~~ rl.tir:: xn}• ~tnd ail h~~me~Ie~~?d e~~•n~pt~~ir~: .?ll„~ct~~i i~~• I.t~~. _ r1 tir~t murt~:?y;r f~~r the ~c~~~ur~Iec~ion~I~f°~•`~~:~i~i in~lrl~t~Ylnr.~: i~ rc~tai?~t~ci 1~~• OL'TIN1~)R RESORTS OF .aat~:tzic~a. Iti('.. ~n l.~~t 1~5-ti in that cFrtain t',~n~I~~minium k~~w~n as UL'T'I~n(1R RF;SORTS AT NETTI.ES ~ t`I.a~f~, ar.~f ~~n an~~ im{~r~~~•ement~, fixturr~ ~~r aft~~r arquired pr~~{~erty added there~m, as ,hown I,y plat re- ,~~~r~i~~i i?~ thP ~)tfiice ~~f the ('ircuit ('~~~irt in anc! f~~r ~L Lurit~ ~'~~unt~•. Fl~~rida, in Plst Rouk 16, page 1:1A thr~,u~h I.1. ~ ,~J>^~-f / BGOK~~7V F'.lCE •I ~~//~/.,A ~ //~fi Y ~/lA!~!~!/l~• _ ~ • ~ . , . .