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M O R T G A G E 2494$~ 9''
Earl V. 8bner & Georqe 8. Roberts
the mortgagoi•, in consideration of the principai sum specified in the promissory note herexfter describetl, re-
~•r•i~•ecl from OUTDOOR RESORTS OF ADi~RIC.A. INC.. a corporation organized and existing under the I.aws
~~f the State of '1'ennessee~ the Diortgagor. hereby on thi~l8th_any of DeCember ~~19 ~2 ~
mc~rtgages to the Mortgagee the real property in St. Lacie County. Florida, described as:
' Lot No., 695~i in that certain condominium known as OUTDOOR
RESOBTS OF Ah1ERICA AT NETTLES ISLAND, as shown by plat
recorded in the OflSce of the Cimait C.ourt in anc! for St. Lucie County,
I~`~orida, in Plat Book 16. page 1:1A through 1J.
THIS IS A PURCHASE D10NEY MORTGAGE
a~ ~.ecurity for the payment of the promissoty note of which the following is a copy:
installment Note and Disclosure Statement
eec~nrm ~ y
5_~ ~ !N PAY1AEMi OF TAXES St~ Lucie Countv , Florida
NIE ON CU1SS'C' tHTAt1GIBlE PE'~SJl1~L P~?p?ERIY, ,
pur~wr ro cfuvTES ~i-i~a. ~s oF iyn. December 18 19 72
RO(iER POITRA.t
Clf1R CIAq1lT Cq1Ri T U1ClE 00
Foi• Value Received. I. vre or e~ther bf
us prom~s~'to pay to the order of OUTDOOR RESORTS OF
:~~1ERICA, INC.. P. O. Box 1116. Jensen Beach, Flor id~~~?~~r any other place as the holder `~ereof may
~ie:;~,?nate in writing, the sum of Seven thousand, nine unared, fifty-five~ 7, 955 .52~ ~~fars.
tl~is sum being the Total of Fayments referced to in the Disclosure Statement below~ which inclu~~.s a FINANCE
c~~i aRGE on the arr~ount financed, payable in 96 equal consecutive monthly installments of
_ 82 .87 each, and the first instaliment to become payable on the lst day of
February
.
1~ ~.3, and one such installment to become due and payable on the_lst day of each succeeding month
li~~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in fuli by cash
hefore the final installment date, the unearned portion of the FII`ANCE CHABGE shall be rebated under
the Rule of ?8's. _
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~~- this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOtIT
T~iE PRIOR ~yRITTEN CONSEI~'T OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT
F'UR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE 4F OF. EN- ~
CL'MBEft OR COMMIT ANY BREACH OF THE MORTGAGE OR PEftMIT OR SUFFER ANY LIE.v TO
F~IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
TfiE 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
due 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 righ~
to exercise the same a't any other time.
Time is of the essence of this Note. In the event anS ;nstallment 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
a?~ 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 of collection~
including reasonable attorney's fees and court costs to the extent permitted by Florida law.
The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and
assign to the Hoider a sutFicient 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 direct any trustee in bankruptcy having possecsion of such homestead or exemption to deliver to
the Holder a su~cisnt amount of property or money set apart as exempt to pay the indebtedness evidenced
hereby, or any renewal thereof, and do hereby, jointly•~nd several)c, appoint the Holder the attorney in fact for
each of Ehem, to claim any and ali homestead exemptians allo~~-ec! by law.
A first mortgage for the security of the aforesaid indcbteclne~.g is retained by OUTDOOB RESORTS OF
A3iERICA, INC., on Lot No. 695 that certain Conaominium knov~n aa OUTDOOR RESORTS AT NETTLES
ISLAND, and on any improvements, fixtures or afte'r acquired pmperty added thereon, as shown by plat re-
c~,rded in the Office of the Circuit Court in and for St. t.ncie County, Florida. in Plat Roc?k 16. aa¢e I:IA
tnrou¢h 1J.
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