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- 284'754 M O R T G~ C-+ ~ ~
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~r~_r_~-N ~._~~~noy - ~L//~ts~r.~--~R±s~~,_ ~.Lo~ r~_,
,nurt~.?~;or. in consideration of the princip:~l sum sp~.~ci?+ed i1i the ni~~ai~sory note hereafter clescril,ed~ re-
~.•i~ ~•.i fr~?m U1~7'I)OUF. KF:~ORTS OF AIIERICA. I\C.. coi~oration or~anized and existin~; under the La~vs
~~f tht~ St.~te of Tc~uie~see. the Diortgabor. hereby on this_~p_--.~a~' ~f---- ~N~--- . 19~,
~z;~~rt~:~~~~~ tu Ihe ~Iort~;~gce the real property in St. Luc-ie C'ounty. Flori~a, de~cribed as:
Lot No.~~~~~ -in that certuin con~ii?miaiatn }~llU\l'II as OU'rDOOR
RESORTS OF A~IElt1C:A AT I~ ETTLES i:
~L A\ U. a~ sho~~~n by pl~t ~
d~'~' recc~rdecl in the Oflice of the Circuit Court in nnd for St. ucie Cuunty,
t~G~. Florida, in Plat B~ok 1G, pa~;e 1:1A through 1J. NED ~ ~
TH[S IS A PURCH:ISE ~IOyEY ~IORTC~~T~ ~ ~N p
~ AY
~ecurit~• for the payme~it of the promissoiy note of ~rhich the foilo«~in~; is copy. ~~PTf~~e(fPf.?y~pME~OF ~
1 ti Ax
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- Instal~ment Note and Disclosure Staterne~~~ ~''~'5~;~°~E~~
St~L~tS~1~~Q1~Ltt~ ~
F rida ~
~ 9_, 359 .40__ - ~ -
. - ~ 19~
I~~n• ~'alue Recei~~ed, I, v~•e or either of us pruinise to pay to the order of OU'TDOOR I.ESORTS QF i
`.iN:I:ICA. INC.. P. O. Bo~ 1116, Jensen Beach, Ftor ida, 33457. or an~• other pl~c~ ~,~~e holcier herc~f may
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;i~~:i~,~nate in ~~riting. the sum of Ninety Three Hundred, Fift~Nine Dollars. :
ii;i.; ~~nn hein~; the Totat of Payments referred to in the Di.clusure Statement below~ ~vhich includes a FIhA:~CE }
i E(.\P.~.E on the amount financed. payable ir?-- equal cor.secutive monthly instaltments of t
~ 155.9_9__- _each, and the first installment to become payahle on the sr -day of~~~8~~ , ?
1 day of each succeeding month ~
i 1 s~. .Lnd one such installment to become due and pati able on the-_ Sr
li ;~~;!.il the ~t•hule of said indebtedness (Total of Payments) is paid. In the erent of prcpayment in full by cash ~
t ,,.~t+>re the fi~nal instaliment date, the unearned ,portion af the Fi\'ANCE CHARGE shall be rebated under z
~ ? l:;~le of 78's. '
~ li~ the e~•ent of default in the diie a~id punctual ,~a~~ment of •an~ installment on thi~ l~ote for a period of
;l,irt~• (30) days, or if any statement, representation or «arranty in any application for the credit evidenced
i
~ thi, :~'ote is found to be untrue in an~• matcrial resnect, or in the e~ent TIiE UNDF.RSIG\ED. ~~'ITHOLIT ~
'1'FiF. PI:IOR ~~'RITTEN CO\SENT OF THE HOI.DER HEREOF, SHALL SELL. E\CUI~IBER (E~CF.PT .
rC~it A;~Y MOR'I'GAGE \~~IICH 1S SECUP.ITY FOP. TNIS 1~OTF.) OR OTHER~VISE DISPOSE OR OR E:\- ;
('[.JII3CR OR CO~?I.litT ANY RRF.ACH OF THE ~iORTGAGE OP. YER~l1IT OR SUFFER ANY LIE\ TO
F:rIST Oi~' TH~ REAL PROPERTY PURCHASED BY THE UNDEI:SIG\ED A;vD FIi~ArCED THROUGH
"1':IE CRFUIT E~'IDENCED BY THIS 1~OTE or in the event of the incompetency, insolvency (ho«soever
c~~-~dencedj or bankruptcy of anyone or more of the under~igned, then the entire remair.ing indebtedness then
~hali become immediatel~ due and payable aL the option of the holder hereof «ithout demand. pres~ntment
~ nntice ~~f any~ kind. Any failure of holder to exercise ~aid optinn shali iiot consti±ute a~cai~ er of the right
exercise the same at anS• other time.
Time is of the essence of this :`ote. In the e~ent any installment i; not paicl ~ihen due or «itr.in ten
c?;~ys t.hereafter, the holder may collect. and the underGi~med agrees to pay a late charga on such instaliment in
~:n amount equal to 5i~ of such installment or ~~hiche~•er is le~s, and in the e~-ent this \ote is collected by
;,t~z• or thruu~;h an attorney at law or under advice therenf, the undersifined a;;rees to pa~• all costs of collection,
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~ i;:~l:id'u~F~ reasonable attorney's fees and court costs to the extent permitted by Florida la~c.
~ The undersi~ned and all endorsers or other partie~ to thi~ nute jointly and set•erall~ transfer, convey and
~ ,.:;.i~ri to the ~{older a sufticient amouiit of such home~tead or esemption a~ may be allo~ved~ including such
~ ,;ne~tead or exemption as may be set. apart in hankruptcr, to pz~~ thi~ note in full, «ith all costs of collection~
a~;d do hereby direct anl trustee in bankruptcy having p~~~e~~ion of such home,tead or exemption to deliver to
~}te ~iolder a suflicient amouut of property or money sei~ a~~art a~ exempt to ~iay the indebteciness evidenced
~ i~~•i•et,;, nr any rene«•al thereof, and do hereby, jointly and ~e~•erally, a},~x~int tnc Helder the attorney in fact for
~•~~-•h ~~f them, tu ci~im ai:~~ and all homestead exemptions all~~~~~ed b~' 1:~~~'.
A first mui-t~;abe foi• the se .tn•ity of the afoi•esaicl in~let.~tecine: s is re~ai:ied ti~• OL;TDOOR RESORTS OF
~.1F;i;f~'A. 1NC., oti I,ot ~o/Q~n that certain Condominian~ k~~o«n as OL:Tt)OOP ItESOI:TS AT NETTLF.S
!;>I,:1~'>, aiid on an~ in~p~-o~~em~nt., Fxtures or a;ter acqcired ~~i•operty added thereon, as sho~vn by plat re-
;,~rclrcl in th~ Of~ice of the Circuit Court in a~id for St. Lurie Cuunt~. Florida~ in Plat Boo'.{ 16, page 1:1A
thr~~ut;h 1.T. ~ 0 R~ PA6E~V~
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