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~~t ~r-,_:,.~r, i~+. con_::deracion oE the princ:~;el ~um ~,~ecitied in the pmmi~~:~ra• note hercafter de~cribzcl. re-
~r~~_ OL~'nQOR RE30RTS OF a~1EF:ICa, I~C., a corporation orgsnized and e~i,ting under the La~~s ;
of Ten~ie_~~. the alortgagor, hei•ebl on this ~~___c,a~• of_ u~,~_ igZ_~ ~
Ei~e Jiort~~~ee the rea! propertt~ in St. Lucie Count~•, Fluricla, de~cribed ; s: ~
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Lot ~u.~~T 1?- _in that certliii co~ulomireium kno~+-n a~ OUTUOOi~ ST'~PS
~:E~OnTS OF AIIERIC~ r1T \ETTLES ISL~\D, ~?~on-n by plat ~~~N,ti
retuLd~ci ia the O:tice of ihe Circiiit C~~~u•t iii a:id for St. I~g~ CountS-~
F:o~ i;:a, in Plat FiooI; 16, page 1:1 a throu~h 1J. p,~. o'N''E'o; ~ ~
. THiS IS A PURCH:ISE ~i0\EY 110KT(: T~
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o r t n z p a~- r rs e n t o f t h e p ro m i ss o ry no te o f i:~~,ic h t he fo l!o~~•in~ is .c c~'~f~ ~1
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Clll~^~l~T~~ Pol~ ~CTS p £T :
~as~a~~inent ~lo~e ar~d Discl+~s~ar~ S~o~2~en~ ~ °~~s,,.~~., ~
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0~6'J8~,90 S t. L~sc ie County ,~t~~
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F~,.- ~'alue Eeceiti-zd, I' ~.•e or either of us . ~
. promi~e to p~_y to the orc:. of OL'TDOOR RESORT3 OF
~::Ef:~~ 3, i~G_. P_ O. B~~ lll6, Jen:en Be~ch, Flor ~da, 33~~7, or any other place as tne no'.der hereof rtay
~t~;:rr-:*e :n ~srit:~o, the surri ofTen Thousa*~d Six Hundred & Eioht 00/100~ 10,o08.OQ ~oltars,
::~i: :;::n ~i~~~ the Tota! of Payments referred to in the Di~closure S~ztement belo~v. ~vhich ir.clades a r I~A\CE
C~I ~Y.i.~ en the amo~nt financec~, payable in----9b---------- equal con~~cuti~~e month~y installme~tts of '
c 11i0.50 each, and•.the first installment to t,ec~me payable on thz~day of~J~hC~_~
;9_l~, : r_3 or.e s~ich ins*.atIment to become ~lue and pa3•able on the_ '
_ ~day of each s~ccee~;r.g mo:~th
,.~.c~i ~~e~ rhate o~ said indebte~ness (Total of Payments) is paid. In the e~-er:t o: prepayment in ful~ bz ca;h
1~-~::~ rh~ ~naf instaltrn~nt date. the unearned portion of the FI\a\'CE CNARGE shall b~ reba~ed ur:der
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i~.c ~j.~ af i3"s_ .
I. t:~e e;~nt of default in ti:e due and punctuat pal-ment of any insta?lir:ent on this \Tote for a oerio~ of
:r ~ f'~~) ~as s, or if an; statement, representation or «•arranty in an~• appl:cation for th~ cre.a.it e~ id2nc~d
t,-- .^i~ `:~_e is foun~ to be ur.true in any material respec~, or in the e~ent THE U\TDLP.SIG`ED, ~~'ITHOL'T
:i;£ Pr~L[OP. 1t'~Ii
~E\ CO~SEi:T OF THE HOLDEP. H~REOF, SHALL SELL. E\CL'~IBE~ (E~CEP'T
`ri~' ':~f}r^.iG~IGF ~S~ICH 1S SECtiP?iTY FOR TfiIS ?~'OTE) OR OTHER~L'ISE DiSP~S~ OF OR
rL's'3r~. OP. C03I_:IT RP.E~CH Or THE DIOr^.TG~GE O° ~'ER~IIi OR SL'FFEP. Ei\r L?E\ TO
E~Iat O~ T:iE REaL PROPERTY PUP.CHASED BY TfiE U~~DERSIGtiTED A:~D FI:~TA?~CED THR7LGK
: i:~ C~£JIT E~"IDE\CE~ BY T~~IS NOTE or in t~~ e~•ent of the inco:::~eter.cy, ins~~ ,'QRC} (h~::-~cerer
~~-=~:e~
~-~ID c~r b^.nfn:p~cy of an~one or r~ore of thp unc~~rsi~ned~ t~.en the en:::•e rem2~r.ing inc~ebtedne;; ~~t~;t
=L'.
:i ~:~~r_:e i:n~eui~~e?;- dLe and payab?e at th~ o;,~~o~i of the hotder her~,~f wit: o::~ de:r:and, pre~e~-~"t,;:zn~
i- o~ ar.y 4ir_d. Ans failure of holcier to esei•cise ~aid opkior si:atl iiot colzstitute a~:aitrer of th2 right
t~~ e-_e.rcis~ t^z sa~-ne at ~n3 ot.~2r time.
Ti~e is of the e~sen~e of th:s ti'ote. In the e~~ent any in~tall:r.ent is r.~t paid ~s:~en due or w ithin ±e:~
~`;;-s =?~=r=zfre*, }ne ho:~~r maS col!ect, and tne undersi ~ne:l agre~_: to pay a late char~2 ~n such insta':lment in
sr: ~::-"•t e;i1a? to 5~ of sach instaliment or «hic~,erer is less, and in th~ e~-ent t:~i; \o~e is col!ected by
i~:: c•r t.:~z;~oh an attor-~ey a~ lati~ or under ad~ice there~~;, the und~r;i~ned agre~; to p~~• all costs of colt2ction,
r~~.-~:~zx.~ attUr:~6r's fees an~ court costs to t?:e extent pe!-:nitted b:: Florid3 1~ :c.
i::~ ~snce~~i~~ and all endorser or other p~~rti~. to this no~p jointl~- ~~ci se~er~~iy trarisfer, contieS and
=:r-r: t~~ `;~a ?I~,?der a s~ ricient amount of such hon:e: teacl or exe-n~tion ma~ be z~lo~sed, incluriir.g such
:.-~_-.,.~,1 0: exer*~~;ion a; may be s~t apart ir. hankru*:`_c~, to pa~• thi, n~~fe ;r. full, ~ri*.n zll c~ts of c~:te~tion,
c~ ~~r°E~; `ir~E zny trustee in ban'.~ruptcy having po:•es:inn of ~uch hor•:~:te<;d or e~emptinn to deliti•e* to
i.r•:~~e- a~u#~~:erst .*nount of prepei-ty or money s~~ apart ~ s eiempt *.o raS- the 'sndeF~t~dn2ss e~ id~nced
~~^-'-J~ .`v'a ?[?'J" T2=~°~:':31 i11QTt'pi~~ and do h~l•ebs-, ]0111t1~' ii';1 ;e~~er~lir. i: 0111± t%~:+ ~ 1 p ~ t
p,~ ~io c zr ~i:,, at~orney in ,act for
_~3r.~, to cfair:~ ar.;= 2_nd all home~tead exemptio:i: a11o~:~ed b~• 'a•.~-.
r::~rsora^P f~~- th~ ser.urit o? tne aiore~:ei ~"n~leb;ecIn~_-< _
~ 1 ~ i, re._~:..._~1 O~TD~~it R~~p_r,TS Or^
~iC•_, T.o. \,1~%: ;y in ~h.:t rer.~aii2 Cos~c'.~.:::itii:~m kn~;~:~:n ~.s OL-~f)Qn;; I;~'JOF:TS ~~I' ~~TTJ.F.S
- `j. :_"='I !iFi a[.: iR?Fi`_'0?c_':•,~•ili., Fi~fUCCS or after ._~~it31t'C(I j)i'~li~~.'t}' ?4~(;-'.~ L~tE*eG:.. a3 .~;u~Yfl t~
. - ~c, ~1:::~. oi tF, ; ~ . -a.. p~..t re-
~ C r, uit Court in r~nc3 fc',r St. 1,~icie Co~:^~y. Flc~r: i~ ~ i~; Ru~~'s 16, p~~e 1:1:~
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