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- MO RTGAG E 21'7p51 ~
_ _ GEORGE L___AND_ L_IBBIE H. Wq_GC~J_ER_ _ _ _ _
murt~,•.i~,~~~~~, i?i c~~n;iderxti~~n uf the principal ,um specihE~tl in the {ir~~mi~~~~r}- nu!e here.ifter de~crihed, re-
~:,i~~t~c3 fn+m OL'TI>nOh RF.SnRTS OF A1iERI('a. ItiC'., a ec~rpor.~tion or~,•aniz~~d ...~~i ex~.tin~; under the LaH•s
! c th~~ ~t.?tc• ~~f "I'~~niit~<,ec~. the 1ic~rtgaKor. hereb~• on this__20TH__da~• of--M~_ 12Z_1__,
r~rtti.~~.~r~ t~~ the ~I~~rt~,ru~;ee the r~al propert~• in St. I.ucie C'uunt~•, Floi•ida, describeci as:
Section I
~ Lot \o. $3-H ici th~?t certain cundc>miiii<<m ICiION'Il a~ (1L1'I~UK
; RF.~nhT~ (l~ a~II~:RI('~ ~T \ETTI.F.S 1S1.A\I), <<:; sh~~~~~n h~• plat
r~c~~r~ied in the ntlicr ~~f the ('ircuit ('~x~i~t i~i an~i fur St. Lucie ('~~utit~~,
`axE
; I~'l~,rida. in I'lat R~Nik 16, pa},~e 1:1 ~ thr~~u~,?h 1.J. S
_ t? ,,M~,t ``oQE~'r.
THIS 1~ Pt'R('HASE J10\El' ~fONT(: a(:~: ~~N Q~~i~... ~j;l.
1. ~rrt~rit~~ f~~r th~~ p.~>~ment ~~f th~ ~~r~~mi"ur~• n+~te of ~~-hirh the follo~~•in~,• c ~g~E e~ : o`
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i . .~,~/\1~~ ,1,31~... GL~;t
% Instailment Note and Disclos ~~~a~~` -5
; `,~~y c
o
; ' S' N-
~ ; 5, 850 . 00 P`
~~~'h~,w~ Lu~ci e C~ ~:lurida
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_ v~Y ~QS~~.ci - ~ -4~U- isZl-
'2 F'~~r ~'alue Rect~i~~f~~l, l. ~~-c~ ~~r either ~~f u~ ~~n:mi~e tc~ pay to the~~r of OL'TI)O(1R RESORTS OF
~ ~1F:hIt':~. I\C'., I'. O. I~~~~ ll lt:. Jen~en Keach. ~'lor ida, 33-~57, or a~• ~ther place a. the halder hereof may
~ ~i~nat~~ in ~rritin~,~, the •tam c~f Five thous_and eight hundred fif~y_& ng/1G~t_ _ (5,$~Q,QQ I)ollars,
~um 1~c~in~,~ the Total ~~f ~'~i~•ment. referred to in the I)i~clusure Statement belo«•, K~hich includes a FINANCE
`s aI;GF, on the am~~~mt financed, pa~•able in 60 __eyua! consecutire monthl~• installmentc of
~ 97.5~ each. and the tir~t in.tallment to become pa}•ai,le on the__15t _ da~• of JUI~
i'+ , an~l ~~ne~ ~u~•h in~tallrnc>nt t~+ i,ecc~me ~ii~e aiid pa~•ai,le the ~St da~• of each succeedin~ month
.~:til the H-h~~ic~ c~f ~aid in~ir~~tednPS. IT~~tal t~f Ya~•ment.) i~ p~iid. In the e~•ent of prep~~~ment in full hy cash
; f~~?-t• the hna! in~tciilrn~~nt d~it~~, the u?ic~a?-tied Ex,rtion of the FI\A\('E ('i~A~:G~: ;hali be ret,ated under
• i~~• I.ule ~~f +K'~.
- I~i the e~t~nt ~~f ilefault in the ~li~~~ ail~i p~incttuit p<i~'R1EIlt of any installmei~t on this \ote far a period of
•~::rt~- (30) ~ia~•~, ur it an~- .tatt~rnent, rtirre,e~itati~m ur ~~~arrant~• in an~~ applicxtioii for the credit evidenced
~:f thi~ ti~?te i~ f~~un~i t~~ t~~ untrue in an~• materiat respect. ~?r in the e~•ent TNE L''.~I)ERSIG:~'En, ~'~'ITHOL'T
i~ifE !'RInR «'ItITT~:\ t'(~~~F:~T t~r' TItF. i~0[.I~ER HERE(1F. SHAI.I. SEI.I.. ENCL'MRER (EaCEPT
}~~i?~{ ,~11' ~1O~:T~;a1;F: «'}{Ic'fi 1~ `I~:t~t'I;I'I'1" ~'OR THIS \OTEI OR (?THER«'ISF. UISPOSE OF OR Eti-
~~i"~iREK OK t'()~t~fl~' ~~l' Ki.F:a~'H (l~' THH: 1tORT(:~l:F: nR PF:R\1IT OR S['FFER Atil' LIEti' TO
- I:\ItiT n\ THH: ItF:AI, f'tt(~i'F:}:Tl' f'L'R('H:~~I~;I) B~' T~IE L'\I)F:RSIG\f~:I) A\I) F1~AN('ED THROUCH
- ;'HE l'REI1[T ~:~"II)i~:\l'F:I? I;1' 7'IItS \OTE ~~r in the e~-ent of the incompetency, insolvenc) (howsoever
- ~•~~idenced) or hankru}~tc~- ~~f a?i~~~~r~c, ~~r m~~rr~ uf the under~i~,med, then the entire remainin~ indebteclne~s then
` ,i~~c~ ~hall 1,ec~,me :mm~•~i:.~tE~!}- ~t~ir a!~~i ~~a}•ahle xt the c~pti~~n ~~f the holder here~~f ~•ithoiit demand, presentment
':~=Z - r nutice of an~- kin~l. f~t~lure ~~f h~~i~ier t~. ~~xerci~e ~aid upti+~n .hail not c~~nstitute a w•ai~•er of the right
= t~~ exerci3e the ~ame at ~~t! ~~r tirt;t~.
'';a
- Time i~ ~~f the r.;<<~s:~•t• thi~ \~.t~~. In th~~ c~tent a~i~• in:tallrnent is not E~~iid ~.•hen due or w•ithin ten
" ~+:ar~ thercaf?.er, thf~ h~~t~i~•r ma~- ~~~Ilt~~~t. :~n~l th~• ~~n~ler~iy,•ned a~.~ref~: t~~ ~~x}• ~i lxte char~,~e ~~n such installment in
~ :~t~ am~~!mt r~~;u.+l .~~i in~t.tllr..,,<<t ~~r ~~~hirht~~~c~r i~ It~::, and in the e~•ent thi, tiote is ce~llected by
i;,~~~ ~~r thr~~uy~h :ifl ;it'•,!~CP.t'}~ at ?<<tic ,~r t.:~:i~~r :,~l~~ire thert~~f. thr u?idt~r~i~.~~it•d a~rc~c~: t~~ pa~• all cust, c~f cc~ll~cticm,
- :lit'~li~~lll}' Pt'.~r~~li.t}!!~' :tt',~C:la'~' < tl'~'• :ifil~ ~•~~;lY' C~r~(~ tn tf11' E'X1t'Ilt ~~PI'~111t1P1~ f+}' ~'~~~1'1(~ii ~5~~".
Th~~ i~ncic~r-i;.~rr~l :~r.~j .ill endur;t~r~ r~r ~~tht•r {~:~rtir~> t~~ thi~ r~~~t<~ j~~intl~~ an~i ~e~•F~:ill~• tran:fer, c~~m•ey and
~ <~~~i~~n t~~ the {i~~Ielc•r :i ~~.'li~ien: am~~urzt ut xu~h h~~mc~~teacl ~~r t~xt~rti~~;i„n a~ m:it• 1h~ altnw~ecl, includinu such
= h~~m~•~tt~.i~i ~~r t~ti~~r?~{~?.i~~n n~<«- he :et aE~art ii: i~ankruptr}~. t~~ E~:i~• th?: n~~te ir ft~ll. ~~~ith all c~,;is ~~f cullecti~in,
- .tnd cIn hert•i~t• ~1ire~rt ~i11~' tl'U~tPt' in haiikc•u,~t~•~- ha~-ink~ i~~~~~e~~i~m ~~f ~uch h~~m~~:tt~a~i ~~r f~xt~m~~tian t„ deli~~er t~
' ?he Hui~ic•r ~~~?'i~~it~nt am~+unt ~~I ~~r~~)~rrt}~ ~~r m~~nt~}~ ~t~t a4~art r~xE~m{~t t~~ E~a}~ the in~ie},tednevs e~•idenced
_ ~c•rrt,~-. ~~r xn}~ rc~nr~c:ii tht~re~~f. an~1 ii~~ hc~r~•t~~~. ~„intl~- .+rci :~•~er:tll~. a~~{~<,int tht. }i~~l~lt~r thc• atl~~rney in fact for
_ ~~a~~h ~~f ihrm. t~~ cl;iim an~• and all h~~n~~•~tc•a~l F~1t~mEiti~~~~;~ all~~~~e~i h~• la~~~.
~lj A tir.t m~~r!~a~t~ f~~r the ~~r i t c• .i2:.~rt~•.~i~! in~lr~t~t~~im•~~ i• retain~~d t)t'TIN1OR R~:SORTS OF
~~~~i~r ~
:\~if~:Rl~'a, 1\('., c,n ~t 83-N in th.it c~rtain ('~~nd~~miniun~ kn~wn aa Ut'TI~~1t1f~ RF:tiORTS AT tiE'I"CL~:S
l~I.:\~I?, tind ~~n an} im~rr~~~-emc~nt~, tixturi~~ ~r xftPr aryuirt~~1 ~~r~1~~ertt• added ther~~~n, a. shc,K•n by plat re-
" ~~~rd~~d in thP Ottice ~~f the ('~rciiit ('uur: in .tn~l f~~r ~L Lu~~if• ~'~~unf~•. ~'luri~la, in Plat R~K~k 16, page 1:1A
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