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:nui•t~a~,ror. in cuntiicie:•ati~»i of the pi•i i~r.~l stim s~~~~citic i~i the ~»ti~missury~ ote hereaftei• descrii~ecl~ re- ~
~~~i sru~:~ OI~TI)OOit IiN:SOR'CS Or' A\ICR[CA, l;~C.. .t corpm•.ition ur~,?anized and existing under the LAws
:;tut~ oi Tennc~~ee, the ;Lqort~;a~or, hereby on thi~,°~~!l~duy of i' 15~~~1;.t-~-~ y 19~,
~..,~~~.~,r.~f:~~ to the l;t~i'tg~l~~ee the real property in St. Lucie Coun y. I~'lorida~ descriLed ~s: ( ;
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Ia~t \'o.-b._.i~ ?~in th:it certaiin couduminium known as OUTDOOR ~t~' Q~ ~ ~
RESOR'CS OF' ~'IF.RICA AT \ETTI.LS ISLA:VD, as shown by ptat ~~~~~s~~
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i•ecoi•cled it~ Lhe O}lice of t.he Circuit Cot~rt i~t a~id fai• St. Lucie County ~g~.~4~`~s ~
Florida, in Plat I~ook 1G~ page 1:1A thirou~,?h 1.1. ,~~t~
1~t'~~ ~~cA.,
TliIS IS ~1 PUItCHASE \IOtiL•'Y ~tOit't(:ACE~,~~~~~~~E~,~st•~'~ {
. t~:,~.•urit~• for thc p.i~•n~rut of the promissory note of ~~•hich the futluwin~; is a cu~~~ '
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insta~lmen~ I~ote and Disclosure S~a~ement ~
a~`'
, ~ 04 . 40 St . Luc ie Count y~ ~ I~'lorida ;
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I~ur Va1ue Received, l, ~~•e or either ~f u. pr~?mi,e to pay to the orcier of OUTDOOR RF:SORTS OF ~
.'~'~„•:i:I('A, I~'C.. P. O. Box 111G, Jenscn Rcach. Ftorida, 33457. or any other ~~lace as the holc3en c~reof may
_ir~r;:itE~ iai ~rritin~,•, the su~n of~vent~six hundred, four & 40/100--
_-~-~7,604.40~ Dollars,
;~;ui; t?rin~? the Total of Payments referred to in the I)i.closure St~ltement beipw. which includes a FI~TANCE
i.Gt~: on the, amou~it f 1~anced. payaUle i~~__ G.0___~ equal consecutive monthiy instailments of
126.74 each. and thc first in~tallment to become payable on the.__[~.t
day of- '
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.:~~3 :uui nne such installment to become di~e and payai~le on the____ ~~_day of each succeeding month ~
the ~~hole of ~.~id indebtedness (Toial of Payments) is p.?id. In the event of prepayment in full by ca.sh
~•..~r. the ti~~al ii~stallmeat date, the w~earned portion of the FI~'ANCE CIiARGE shall be rebated under
:,c' I\ti1P (?f /Zf~1.
It~ the erent of defauit in the due ancl pur~cte~al payment of any intitallment on this \`ote for a period of
..:,~t~• (30) da~ s, or if any statement. representation or ~rarranty in any application for the credit evidenced
; his `ute ic found to ~~e i~ntrue in any material respect. or in the event THE UNDERSIGNED, WITHOUT
PRIOI: t~'RITTE\' CONSEIT OH TIIE HOLDER HEREOF. SIIAI.L SELL, ENCIiMBER (EXCEPT
~I: A\1" IiORTGAGE ti~'~~ICH IS SECURITY FOR TH1S NOTE) OR OTHERWISE DISPOSE OF OR Eh'-
~~;"~IRER OR CO\1tiStT ANl' RREACH OF T~I~; ~~ORTGAGE OR PLit~I[T UR SUFFEft AI~Y L1E1~ TO
;:.1";~T O\' 'I'~~E REAL PROPERT~' FURCIIASF.D BY THE liVDERStGtiED AND FINANCED THKOUGA
Ci:EDIT EVIUE`•CED BY THIS ~OTE or in the event of the incompetency, insolvency (howsoever
i.;~~ycea) or banke•uptcy of anyone or morc of the undersigned, then the entire remaining indebtedness then
~hall i~erome immediately due and payable at the option of the holder hereof without demand, presentment
~~otice of any kind. Any failure of hoider to esercise said option shall not constitute a waiver of Lhe right
~•xercise the same at any other time.
Time is of the essence of this \ote. In the event xny instaitme~it is not paid when due or within ten
~ thei•eafter~ the holder may collect, and the undersi~;ned :~grees to pay a late charge on such instatiment in ~
an;ois:~t equal to ~i~ of such installment or $5, wh"iche~~er is less, and in the event this Note is coliected by
:..•.ti~ or ihrou~;h .~n attorney at Iaw or under advice thereof, the un~ler,i~,~ned agrees to pay all cosis of collection, ~
i,.,;i:~iin~: reasonable attorney's fees and court costs to the ettent permitted Ly Florida law. ~
The undersigned and all endorsers or other particti to this note jointly and severally transfer, convey and ;
,~~~i~n to t}ie Ho~der a suf~'~cient amount of such homestead oi• exem~~tian as m.~y Ue allowed, includin~; such
.,~~:n~~.icad or e~emption as may t~e set apart in i,ankruptc~~, t~~ jr.?~- thi, note in full, with atl cos~~ of collection.
- do herel,y direct any trustee in bankruptcy havin~; possession ~,f such homestead or exemption to deliver to
~~.c ~Iolder a sufticient amount of property or money set apart a~ exempt to pay the indebtedness evidenced
:,,•r~~u~•, or any renewal thereof, and do hereby, jointly anci ,c~~•er.~lly, appoint the Holder the attorney in fact for
i~ oi Lhem, to claim a~.y and all homestead exemptions aitu«~ecl 1?y l:aa•.
A fir,t mort~;age for the security of the aforetiaid indeLie~lncsx i, retained t,y OLTTllOOR RESORTS OF
~~~t:R~C'A, t~'G., on Lot \'o.~C~in that certain Condominium known as OUTDOOR RESORTS AT \ETTLES
. tii.A\I). ar~d on any improvem ~nts. fixtures or after acquired property added thereon, as shown by pl,at re-
~~•~ied in the Of~'ice of the Circuit Court in and for St. Lucie County. F'iorida, in Plat Book 16, page 1:IA
;;:,~,,l~~;t~ 1J. ~1c~ri~ ~Al~E~~
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