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~~~a~i~- Carr ~ 8~`_i~~~7_~e:-~_-~.k~ ~ f~;so
o isideration of the rinci~k?1 sum specifieci in the promis.or~• note herettfter clescril,ed, re-
t h~• mu~ t~.i~,o~, ui c t P
,~•i~ ed f~ti?n~ OliTnOOR RF.SORTS OF A1iERICA. INC., a corporation org:~mzed .uid existing t~nder the Laws
~~f thr ~txte of Tennes~ee. the Mortgagor. hereby on this- da~• of.---,~Q 19~-~-•
n~~n•t~;a~,~r~ tu the ;liort~agee the real property in St. Lucie County. Florid:t, described as:
Lot No,/~~/~
!~!'_._in thut certain conduminium kno~~•n OUTDOOK
x„ ~cuft'S RESORTS OF A11iER1CA AT :~~:TI'I.ES ISI.AI~D, as sho~~•n by plat
~ recordecl in the Oflice of the Circuit Court in and for St. Lucie County,
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,y~,,;sn,y. ~ Florida, in Plat Rook 16, p~~Ke 1:IA through 1J. ~+ECEtvEp ~_~y1!!
:1XES
THIS IS A PUR(-HASE ~IO~ El' ~ 1 0 R
T G A(=1p'~j on '•~-"•••CJ$! ~INCP!•~r,~
M ~ T
~SUANT TO qiAP•f' ]1-13d, ~ .''i P''p~'ER~t~
:c~•ur"sh- for the p~i~•meut of the promissoi•y note of Hhich the follo~ring is ~1 copY: iIOCER ~rs c~ ~y~i~
CfRCU1T POItRAS f1tl~
Instailment Note ond Disclosure Stateme~`nt 001t~• oo, F
~ j~ Q_ OD -s~~~ . Florida
` j ~ l - - 19_7~
F,?r ~'alue Recei~ed, l, ~ce or either of us promi.e tu pay to the ordcr of OUTDOOR RF.SORTS OF
~IF:hI('~. ItiC, P. O. Box 1116, Jensen Beach, Flor ida, 33457. or, an}• other place as the holder hereof may
~1~~<i~nat~ in ~rritin~. the ~um af yL_4~tL_r~L'~~n~~ti7L_~•Ynl~o ~i ~:o~ ( Q
7~~~) Dollars,
~ i ~ i: : u m I, e"in~,• the Total of Pa yments referred to in the Di~closure Statement i,elow. which includes a FINANCE
! II:~I:GE on the amount financed. payable in___=~i1Ci equal consecutive monthly installments of
?/,r C_~_ _-each, and the first installment to become payaLle on th~
day of- ~ .
1~7Y , and e,ne such installment to berome due and payable on the__l_s~ day of each succeeding month
until the ~.hole of said indebtednes.5 (Total of Payments) is paid. In the e~ent of prepa~ment in full b~ ca.sh
i l~f•i~~re the final installment date. the unearned portion of the FI\ANCE ~HARGE shall be reUated under
; }Ztile of i 8's.
In the e~ ent of default in the due and punctual paS ment of any installment on this ti'ote for a period of
tl~irt~ (30) da~~s. or if any statement, representation or v~arrant~• in any application for the credit evidenced
i~~- thi:: tiote is f~und to be untrue in an~ material respect, or in the erent THE i3NDERSIGNED, WITHOUT
"CfiE PRIOR ~~'RITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL. ENCU~iBER (EXCEPT
F~)I: Atil' DiORTGAGE «'HICH l5 SECURITY FOA THIS \OTE) OR OTNER«'ISE DISPOSE OF OR EN-
i't'~tBER OR CO:~i:~1IT A\Y RREAGH OF THE DiORTGAGE OR PF.R~IIT OR SUFFER AI~Y LIEN TO
~:~IST ON THE REAL PROPERTY PURCHASED BY THE U~DERSIGNED A~TD FINANCED THROUGH
"i'!IE CREDIT EVIDENCED BY 'fHIS NOTE or in the event of the incompetency, insolvency (hovrsoever
e~-icienced) or bankruptcy of anyone or more of the undersigneci, then the e?itire remaining indebtedness then
rlue shall become immecliately due and payable aL the option of the holder hereof withovt demand. presentment
~~r noti~e of any kind. Any faijure of holder to e~ercise said option shall not constitute a~aiver of the right
t~; exercise the same at any oth~r time.
Time is of the es.sence of this Note. In the e~ent any in~tallmen:, is not paid when due or within ten
ci.~~•s thereafter, the holde~ may collect, and the undersi~,~ned agrees to pa~ a late charge ~n such instaliment in
<<n amount equai to 5i'• of such instailment or $5, Nhiche~-er i:~ less, and in the e~ent this \ote is collected by
la~.- or through an at.orney at laW or under ad~~ice thereof, the undersi~,?ned agrees to pa3~ all costs c?f collection.
~ includin~; reasonable attorney's fees and court costs to the extent permitted h~• Florida la~•.
The undersigned and all endorsers or other partieti to this note jointl~• ancl ~everall~ transfer, convey and
a,:i~n to the Holder a sufficient amount of such home~tead or exemption as may Le allowed, including such
humestead or exemption as may be set apart in bankruptc~~, to pa~ this note in full, «ith all costs of collection,
and d~ hereb3 direct any trustee in bankruptcy having po~ses~ion of such home~tead or exemption to deli~ er to
the H~?Ider a sufficient amount of propert3• or money ~et apart as exempt to pa~~ the indebtedness eridenced
herei?~~, or any renewal thereof, and ~o hereby, jointly and se~-erall~•, appoint the tiolder the attorney in fact for
each of them, to claim at:,~ and all homestead exemption~ allo~~•ed br la~~-.
A first mortgage for the security of the aforesaid indel,tedne~s is retaincYl bS• OliTI)OOR RESORTS OF
r1~I~:RICA, INC., on Lot No. yd 'n that certain Condominium known sa OUTllOOR RESORTS AT I`ETTLES
ISI.~`n;-and on any improvements, fixt~ares or after acquired property added thereon, as shown by plat re-
corciecl in the Office of the Circuit Court in and for St. Lucie County, Florida,_ in Plat Book 16, page 1:1A
thruu~;h 1J. G R~,~~9 ra(~~~t~5
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