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M 0 R T G A G E 21'7~~9 a~
+~arren and ~~izaCetr: n. ?~'.c~u;_ala, 90~+ L. ;~'.ountai:: :~.d.,_'~iestfield, Nass.
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Ii:~~C~}.'.t~•~~P. lll ~'UIl~1l~QCiiU0l1 uf thc~ ~)1'1I1C1~):11 3UT11 ~pt'l'l~lE'(~ lll t~lE' pl'ttnU~~~~l'~' Il~~ll' Il@1'(iitt~'1' (;t'~l'CIF~. I'C-
,:~r~1 fr~~ni Ot'T11nn~i RF:~ORTS OF a1tERI('A, I\'('., a c~?rporation or~,?anized ~u~~l existin~,~ under the I.AK'3
! ~ th~~ ~t.~te uf T~~~u~t~•:ee. the :~1ort~;agor, hereUt~ on thi,_ ___d~?~• of_-Ailgust - - - _ 19 Zl_,
~~,•t~:t,:~~~ t~~ the ~I~~rtL•.i~,~ee the real propert}• in St. Lucie ('uunt~•, Florida, descT•ibe~l as:
Section~ -
L~~t \a`~1~ in thai rertain runduminium know•n as OUTnOOR .~^~i~
It~:~(IRT~ (~F :~~IElil('A ~T \ETTI.F.S I~I.A\D. a• •}~o~~•n i~~~ plat
re~•„r~iE~l in the Ot~ice ~~f .he ('ircuit ('otn•t in and for St. Lucie Ci,unt~.cr,
; i~'i~,i•ida. i~i I'lat R~K?k 16, pay;e 1:1A through 1J. bd
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TH1S IS ~1 Pl'R('HA~E ~10\El' J10RTGAGEi ~~h~,~~~• Cc:'
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~ 1~ :t~ri~r;t~- f~~r thc~ {r.?~~mc•nt ~~t the promi.•ur~• ~iote uf ~~•hich the foll~~~~•in ~ ~~~~1'~~~,~'' /
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lnstallment Note and Disclosure~~t~t~~'i`~~.~``~
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F'~~r ~'alue R~:cei~•e~l, l, ~+~t~ ~~r either ~~f uti pn~mi~e tu pay to the order uf Ot;TU00R RESORTS OF
:;~IF:Ii1t':1. 1\('., I'. O. F3+~x 111G. Jen~en Reach, Florid~i, .~3457, or an~~ other place a. the holder hereof may
~ .~~.i~~,.itc• in ~~~ritin~. the .um ~~{~1g~1~ ~hQliSaIld seven Y11iL1C~r~S~__ _ (8_~~_%~~__) Pollars,
5 • t~ ~urn Lc~in~,• the Tutal of P~i)~ment~ referred to in the I>i.ciusure Statemen~tt•; ~thich includes a FINA;`'('E
z; ~}i~ItGt~: c~n the am~unt tinanced, parable irL__ _ b~ __equal con~ecuti~~e monthly installments of
1~6.25 each, and the fir.t in~taliment to become pa~•ahle on the__~_S ~__day of_`--`ct,ober
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" 7i ,.u;~l ~~ne ::~rh in~tallmt~r~t tc~ t~•~~me due and pa~•al,le ~~n the lst _~ay of each succeedinR month
-=a .~,~il the ~~h~~lc~ ~~f ~aid in~lehtedne~. (Tot.~l ~~f Px}•ment.) i• paid. In thc~ e~•ent of prepa}•ment in full by ca.sh
" ~•~~~rt~ tht~ tinal in~tulln~ent date, the une:?rned pc~rtion of the F'I\ a1('F. ('IiARGF, shall be rebated under
~ • h~~ Iittlt~ ~~f i:~'~.
_ In thc e~~ent ~~f default in the ciue and ~t~nrtual pa~•ment of anv installment on this tiute for a period of
•~:irt~~ (301 dx}•~, ur if an~• .tatt~ment. represent.ition or «~arrant~~ in ant• application fur the credit evidenced
thi~ \~te i. f~und t~~ he unt*ue in an~• material respect, or in the e~•ent THF. L`NL)ERSIGNED, WITHOU'f
~ !~fiF~: PRI(1R ~t'KI'I"t'~:\ t'~~~F~T n~' TH~: HnI.t)ER HEREOF. SHAI.I. SELI., Eh'CUMBER (EXCEPT
_ f~~?K ~\l" ~i(1RT~~~I:~: ~t'H[t'Fi 1~ ~~:('t'RiT1' FO}: TNIS tiOTF.1 nR OTHER«'ISE DISPOSE OF OR~E:~-
- ~ l'~1RER OR ('()~11tIT KRN:a('H fl}~' TI{E ~10RT(:AGE nR f'F.R1~IT OR SL'FFER A\Y LjE:`' TO
i-:\I~T (1\ THF: RF.AL YR()}'E:IiTI" Yt'R!'}IA~F.[) BY TH~: L'\UI~:RSI('~\I~:D A~ll FI~ANCED THROUGH
Y".~ I~HF: ('RF.I~IT E~'II1F:\('E;[~ I~Y T1IIS \(lTE ~~r in the e~•ent of the incompetency, insolvency (howsoever
_:z idencedl or l~ai~kru~~tc~• ~~f an~•r~ne ~~r m~~re of the under~i~ned, then the entire remaininA indebtedness then
.t~ ~hall i>ecnme immf~~iiat~~ir ~i~~~~ ai.~l ~~a~~at,le .it the ~~pti~?n ~~f the holder hereof ~•ithout demand, presentment
- ~~r nutice ~f an~• kin~l. ~~i~• failui•c~ ~~f huleler tu t~xerci~e ~aid ~~pti+~r: .hall not c~nstitute a H~ai~•er ~~f the right
~ t~~ etercise the ~ame at ~~th~~r tir.~,c•.
- Time of the c•.~r•nce thi~ \~~t~. In the e~~ent an~• in:tallment is nut paid when due or w•ithin ten
thereaftc~r, th~ h,~l~+.~•r m.?}• ~~~~1lF~~t. .~nd the ~~n~ier~iy~ned :~k~r~~E•• t~~ ~r<i~• a late char~,~e ~n siuh instailment in
- ;cn am~~unt cyuai 5', ~~f <c~±~h in~tctilrn~?,t ~~r w:i. ~~~hirhe~~c~r i~ Ic•~~, and :n the e~•ent thi~ `ote iq collectet~ by
'<ii~ ~~r thr~~~~y;h an .itt~~ri:~•~- a' l:?~c ~~r uncier a~i:ire therE~~f, the under~i~~r~c~d a~,•rc,e• tc~ p.t~• atl cu~ts of coll~~ction,
~:cli:~iin~ r~~a:~,n.?t,ic att•~rnr~': f~•e•: an~l cnurt r~~st. t„ the extfmt ~~~rniitted- }r}• Florida laH•.
Thf uncier<i~.~ue~~l an~i all end~~r~er~ ~~r ~~thc~r partie: tu thi~ nnt~~ i~~intl~• and ~e~•era11}~ transfer, con~•eS• and
- ~t~<~y-n t~~ the fi~~l~ic~r a~~:tlir:ent am~~ijnt uf ~u~h humt~~teac3 ~~r exen~pti~m .i:+ m~+}• I,e allow•ed, includinK sueh
~ h~~n:c•:tc~a~l ~~r r•xemE~ti~~n a~ ma~• he :~et a{~art in }~ankr~~~~tc•~•, tu {~a}• thi~ n~~te in full. N•ith ail cost~ of coliectii~n,
- ;~nd d~~ herek~~• eiirect an~~ tr~,~tee in hankruptc}~ ha~•in~,~ p~~~:c>~~i~~n ~~f ~uch h~~mc~:?~x~i ~~r exemption to deliver to
- the N~~1~1c~r a~~itticierit amc~unt uf pr~~pert~~ ~~r m~~n~~~• ~et a~~.srt :t~ c~sempt t<~ ~<<}• the indebtedness e~'idenced
- ':e•rr~}~~~, +~r an}- ; c~n~~~~~al thc~re~~f, an~1 ~1~~ herf i~~-, juintl}• and ~e•~-~~r.~ll~•, a~~E,+~int thP H~~I~jer the attorney in fact for
_ rarh ~~f theni. i~~ ~~laim an}• and all hum~:tead ex~mptiuc:. all~~~~~ei1 h~- la~~•.
- a iir~t m~~rt~:sy,•e fur the :PCUrit~• of the afure~<+id sn~let~t~~lne~~ i. retxined L~• (lt'TlhiOR RESnRTS OF
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- :~\1~:~Zft':~. I\('.. ~~n L~,t "q?t t1ta~t`hetitain ('~~nd~~min;um kn~wn as OtTII(l(1R RE~ORTS AT tiF.'TTLES
I~I.:~\I?. ~~nd ~m an~~ impru~~ement~, fixture~ or after acquireci E~r~~~-rty added there~~n, as ~hown by plat re-
= r~~rei~~ci in the nffiicf• ~~f the ('ircwt l'ourt in and f+~r tit. L~ccie l'~~imt~•. Fl~~rida, in Plat Ba~k 16, page 1:1A
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~ `O %+~e ~ i,wx,-1~~~/ ~n "Y' ~OOK ~~lJ PACE t7~ /
t1-~f~-?~Q~' l ~lt,<l'~lE~~
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