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~ MO~Z~'GAC~ i. 262912
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C e A~ S ~t M q~ l i~t~ __Z~ e~ r s' l~?i L'~-~l
; h~~ m~~rt~~a~;or. itf rcm1i~ler;ition of the ~~riiui~~.il sum ~prciiie~l i~~ the prumissor~• ~~ote hereufter desci•il~etl. re-
,~~i~•e~l f~Y~m OU'fnOOit 1:F.SORTS OF A~IL:R[C~1. I\1;., a curporation or~;anizea .uia existing under the La~r•3
~~i ti?c St:~te af 'I'ennessae. the liortgagor. hereby on thi,-f/----_d.?y uf_ ~3!(_~ R L~ , 19~~.
;~~~~rt~;:~~;es to t}~e llorE~:~~;ee the real propert~• in St. Lucie Cuunt~•, Florida~ described .is:
L~~t \o...~_q~~ _in th:~t cert:~in c~~iul~~minium kno~vn as OIJTDOOR
1:CSn1: fS OF t1~Il:lilCt\ A't' \1~ ITLI~:S 1Sl.A\1~, :is sh~~~vn by plat
rc~curded in the Ollic~ of ti?e Cii•~uit ('~~su•t in .?n~l fur St. I.ucie County~
Flurid.i, in Plat I3uok 1G, pa~;e I:lA throu~h 1.1.
1'f[IS IS A PURC~IASC ,110\L•'1' ~IOR'C(:~~G1: ~
.ecurit~• fc~i• the p.i~ment of the ~iibmissory m~te of ~vhich the fc?Ilu~vin~; is a copy: q~~ ~
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OR1GIIti{~ N~
Instal~me~~ ~lo~e a~~ ~isc~os~~e S~a~~~r.erfi - _
;7 G0~ . 40 St . Luc ie County . , Fiorida
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M A RG ~il ig~3
I~or ~'a;?~e ~ecei~e~i, I, ~~•e or either a~ us prumise to Pa3• to the arder of OUTDOOR RESORTS OF
~1 ~l i:R1('A, I\'C.. 1'. O. Bo~ 111G. Jensen Beach. Fior ida. 33~~7, or any other ptacc zs the holder her~f may
,:•~<i~nate in ~~•ritin~,*. the sum ofsevent~six hundred, four 8. 40/100=-----~7,604.40~ Dollars.
!:Qs::ti t~;~ ~nf~l nf P~~•rt?~+ni~ referre{~ t~ in the i)i~+~14~~ure S.-atement l~elnw. ~vhich in~l«cles a FI\A~iCE
~_'fi~\RGE un the zmount financed. payuble in GO equal consecutive monthly installments of
~ 12G .74 and the 6rst installm~n~t~t,~r~m~_~a~at,le__on_thP ~ tr da,y--~f.~Jv~r T
i~'~'..~, 1~u1 one such in~tallment to become due and pay al,le o~ti the~..~-day of each succeeding month
l:n;il the ~~•hole of ~aid indehtedness (Tota~l of Payments) is p.?id. In the event of prepayment in full by cash
,~~•ic~r~ the lii~al in~taliment dRte. the w~ear»ed portion of the FItiA~'CE CIIARGE shall be rebated under
t i~~~ }:ule c?f ?8'~.
In the e~•ent of default in the due an~l puuctual pa~•ment of :~ny inst:~ilinent on this ~iute for a period of
th~~~t~~ (30) da~•~, or if any statement, re}~resentation or tr:u~Callty in an~• applicatio~i far the credit evideneed
this \ote i~ fotu~d to be w~true in any material rc;pect, or iu the e~~ent TNI: UNDI~RSIG\'En. ~VITHOL"I'
'i'flt~, PI:IOIt 11'RITTEN CO\'SCtiT OI~' TtIE IiOLt)Eit }irRT.O~. SI-~AI.I, SF.I.L. L:iCUI~:IiF:R {E.\'~;EPT
1~~t~i: A\1' lI0}tTGAGE «'IIIC~i 1S SF.CUI~ITY I~OIt TI1iS \01'~:) OIt OTF[ER~VISE DISPOSE OF OR E1-
~'i~~IRH;R OR ('O~I~IiT A\'1' RRLr1CH O1~ 7'I[~: 1tOItTGAGI~: OR PI:RISIT OR SUI~'FER A:`Y I.1E\ TO
\ItiT Oti 1'H~: REr~L PROI'LR'I'~' PURCEIASFD RY Ti{I: ti\DI~.1tSI(~\IsD A~iD FI~A`CEU TIiitOUGH
'i':i~. ('I:~:DiT L~'Ii)I~;\CI:D B1 THIS \OT~ or in the e~ent o: the incompetcncy, insolvency (ho~ssoever
icienced) or Lankru~tcti• of an~•one or more of thc under;;~;ned. iheri the entire remaining indebtedne;s then
i ~iut~ shsll hecon~e immediateDy due auid plyable ~.t the optioii of the holcier hereo; ~vitnout demand. presentment
j rr notice of any kind. A~~~ failure af hotder to exerci~e sai~l opiion sh.~ll not constitu~e a waiver of the right
~ erercise the san~e at any other tinie.
r Time is of the e3sence of this l~ote. In thc e~ent an~ instaliment is not paid when d~je or wi~hin ten
~ ~i.t~-s thereafter. the hoider may rollect, and the undei•.igned agrees to pay a late charge on such instaliment in
~ ::n amount equal to ~i. of such installment or «'hiche~er is less, and in the e~ent this \'ote is coller_ted by
,::.ti~ or throu~h an attorney at la~v or under advice thereo;, the undersi~;necl agrees to pay all costs of collection,
~ :,ac;uding reasonabie attorne~~'s fees and court costs to the eYtent ~ermitted by Florida law.
~ The t~nder; ibnecl and all endorsers or other part'ses tl~i~ Il~.1t~' j~isitll ancl ~e~eralty transfer. con~ey and
,,-~i~:n to the Ii~l~ler a s~ifiicient amount of such hume~teaci ~r exen~~~tion a~ m~y l,e allowed, including ~uch
h~~:iiestead or e~emption as may Ue set aj~art in h.?nkruptc~~, t~~ iia~• thi~ note in full, ~vith all costs of collection~
~ ,ti:ii do herei?S direct an~~ trustee in bankruptcy having po~~es.i~,n ~,f siich homeste<<d or exemption to deli~er to
~ ~i~e H~~i~ier a ~uflicient amount of prorerty or money set a{~:u•t .~s exempt to pay the indebtedness e~;denced
:~~~i•el,,. oi• :u~}• re»e~~-al thereof, a~ld do herei~~•. jointiy and ~e~•e~•.?itS•, :~ppoint the ~iolder the attorney in fact for
}s of ti~~m. to c1:~i~n a~:~~ :~iid all ho~nest~~ad exen~ptiune c~ll~?n•eel l,y lc~.r.
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~ 1'~-~a~ t:~-n~ori~z~e -t'o~~ -the- ~ curiLy--o.--Lh~afor.;:~:~icl--i:uicl,Lc.::;~;.~.~- ix -i-cu~ii:ui-1,}-DL'T-i)OOR-R~(~RTS--DF-- '
~ :,.`,;i:Kt('A, I\'C., a~ti I.ot \o~~in t~~:~t cert:iin Cot:dominit~ni knn~sn zs OL~"fU00R It:~SORTS AT 1\Ei I'LES
~ ;~i„\\i;, :iiui on an;: irt~pro~~emenLs, fixtures or after a.:quireu pr~~perty adde3 thereon, as shown by plat re-
;~~~;~<<~~d in tne O~ice o: the Circuit Court :n and for S:. Luc:e County. Florida~ in Plat Eou'~c 16. page 1:1A
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,.,r~~u~h 1.T.
'~S ~i ii: PAYfaEtT OF S~.YES -
~ Rf ~Y[C s_,.~ - •
OUt UN Cu+SS 'i: ~E PE::SOk~1l PROPBi[~i
~p~,~WiT TO CNAPTER 71-L.iA. A^JS Oj_~971. '
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ROGER POITRIIg N~~
w` t ppURT ST WCfE (A. R•~
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