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Robert W. Russell & Frances R,_ - Russell__ Lh is_ wife_)
~h~• m~n~t~~,~k~~:r. in ean.ider~~tion of the ~~rincip.il sum ~pecitied in the pr~~n~i~.ur~• nc~te h~~reafter de~cril,ed, re-
~,~i~~r~l fr~,m (lt'TI)OOP RF:SnP.TS OF A\tERICA, I\('.. a cui•poratic?n c?i•~.inized ~uj~i existing iinder the La~~~s
,~f th~~ ~t.?te ~~f Tenne„ee, the ~liartga~?or. hereU~• on thi.. _Qt11 _dx~~ uf_. J111y- 19_ Z~ .
n;~~rt~..i~,<<~. tu the ~Iurt~?a~,?ee the i•eal piY~pert~• in St. Lucie Cau~itt~, Nlurida, ~tescrii,e~1 ~is:
l.ot \c?._ 1811I i~~ that certain ~•~,i~dr,minium kn~~~~-» ~i: O[,'1'I)OOR
P,ESnRTS OF A~1ER1('~1 AT \F.TTLES ISI.~~1), a. sho~~-n b~~ ptat
rec~?rded in the nfli~~e of the ('irriiit l'uurt in ~sncl fur St. Lucie Cuunty,
Flurida, in Plat Bcx~k 16, p~~ge 1:1A throu~,•h 1J. ~
THIS IS ~1 Pl?RC'HASE ~l0\~l' ~IORTG_1G1~:
:1: .~•rurit~• f„r th~~ parment of the pi~mis~ory note of ~~hirh the fc~llu~.•in~,• is ai cop~-: 2t;,,c~ a~.~~'~~~ R0~
Installment Note and Diselosure Statement an4 cance«ed
11,11~. 40_~_ St, _Lucie_ County. , Florida
--Jul~_ 8.- - - 19_73 .
I~~~r ~'alue Fiecei~-ed, I. ~~•e or either of u~ ~n•~~mi~e t~~ pa~• to the order of OL'TDOOR RF;SnRTS OF
.1 \tF:[;1(':~, I\('., I'. O. Rux 1116, Jen~en Reach, Flor ida, 33457, or an~~ other place ~~c~r hereof mav
~ i~.~~
i, ~i~n.?t~~ in ~~•ritin~,~, the ~um of_Eleven thousand one hundred fourteen ~11~1:L4.4~ n~~~ars,
_ _ - -
~~:i: ~um I,t~in~.• the Total of Pa~•ment~ referred to in the I)i,cl~~sure Statement helo~v, which includes a FIti'Ati~CE
~ E1:1l~(:E c?n the <imoant financed, pa~~aUle i~- __-50- ___equal consecuti~•e monthl~• installments of
~ 185.24 --_--_each, and the first installment to become payable on the_-lst day of_ Janudr~___~
t'+ ~4 , and c»ie ~uch in.tallment. to hecome c:ue xnd pay-at,le on the_ 1st___~a~~ of each succeeding month
;~,ti1 the «-hole ~f ~aid indebtedness (Total of Payments) is paid_ In the event ~f prepayment in full b~• ca.sh
~.~~i~~rc~ th~ tinai in•ta;iment date, the unearned portion of the FI\A~CE C'HARGE shali be rebated under
' i~E~ I~ute ~~f ?S':;.
In the e~-ent of default in the due and punctual pa~•ment of any installment on this \'ote for a period of
~~.irt~• t30) da~-•, or if any ~tatement, representation or «•arrant~• in an~~ application for the credit evidenced
~ this \~~te i~ f~und to he untrue in an~• material respect, or in the e~•ent THE U:V'DERSIGNED. WITHOUT
"~~~lE PRIOR «'RITTF.1 COtiSE\T OF THE HOI.DER HEREOF, SHALI. SELL, E`'CUMBER (EXCEPT
~ i'~~R A11' :1IORTGAGE «'H[CH IS SEC'liRITY FOR THIS \OTE) OR nTNER«'ISE DISPOSE OF OR EN-
; ~"C~iRER OR ('OZi~fIT A~1' RREACH OF THE ~iORTGAGE nR PF.R1~lT OR SL'FFER ANl' LIEN TO
` I-:.l'IST O\ THE REAL PROPERT~' PURCHASED BY THE L'~DERSIGtiED AND FINANCED THROUGH
'1'IIE ('REDIT EVIUF.NCED Bl' THIS ~'OTE or in the e~•ent of the inrompetency, insolvenc~ (howsoever
; f,~~;denced) or bankruptc~~ of anyone or more of _the undersi~*ned, then the entire remaining indebtedness then
~:t~e ~hall hecome immediately~ due and payat,le at the optinn of the holder hereof ~rithoi~t demand,- prese~ltment
_ notice of anS• kind. An~ failure of holcler to exercise ~aid option ~hall tiot c~nstitute a wai~•er of the right
; t~~ exercise the same at any other tittie.
€
~ Time is of the essence of this 1'ote. In the e~•ent an~• in.tallment is not paici ~vhen due or within ten
~ ~3a~•, thereafter, the holder ma~- collect, and the uncler.igned a~,~ree: t~? p~i~• a iate rhar~,re on ~uch installment in
.~n amaunt equal to 5'; of such installment or ~5, «-hirhe~•er is le~:, and in the event this Note is collected Uv
1.~~+~ ~~r throu~,?h an attorne~~ at la~ti~ or irnder advice thereof, the u~ider.i~.,~ned a~,~rees to pa~• all costs of collection,
:nc•ludin~,~ rea~onable attorneS•'s fee; and court costs t~~ the e~tent ijei-mittecl 1~~• Fl~~rida la«•_
The undersigned and all endorsers or other partit~. to thi~ n~~t~~ j~~intl~• and se~•ei•ally h•ansfer, con~•ey and
_ ~ti~:i~;n to the H~~Ider a suflicient amount of such home.tead rn• exemptinn a: ma~- i,e allo~ced, includinR such
= humestFad or exemption as may be set apart in hankruptc~•, t~~ pa~• thi~ n~,te in full, ~rith all costs ~f collection,
.~nd dn herei>r direct any trustee in bankruptcy ha~•ing pr~..e~~i~,n ~~t' such homt~stead or e~emptiop to deliver to
the Holder a~ufficient amount of property or money :et ap.~rt a~ e~empt tr, pa~• the indef~ted~,~ess eridenced
} ht~rel~}•, ~~r an~• rene~ti•at thereof, and do herei~~•, j~intl~~ ancl ~e~-t~r.~il~-, a~~p~int the I~ulder the attorQey in fact for
t~ach uf them, to claim a~:~• and ait homestead esemptiurr~ allu~cecl trt• la«-.
A first mort~,•a~,?e for the security of the afoi•e.<tid in~let,tedne~.~ i, r~:tair.~~d h~- OL'TiN)OR R~SORTS OF
:~~11~:Rt('A, I:V'C., on L.ot ~o.. 1~1~ that certain Cond~~minium kn~wn as OL'TI)OOR HE~OI~TS AT NETTLES
I~I.A\I?, and on any improvements, fixtures or after, acquired praperty added thereon, as shown b~• plat re-
- r~~rded in the Office of the Circuit ('ourt in ~~pr St. Lucie ('ount~•, I~'lorida, in Plat Book 16, page 1:1A
;hrou~h 1J. ~cEivEO t - in P~?vkr!~
pUE ON CLASS'C INTANGIDLE PERSu~+.~L r^~°fR1Yc' ',rt ,r~~~
PURSUANT 10 CHAPTC° 71-134. ACIS Of :~~~fj / ~ ~
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