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- ' . ' ~~5~~ ~~~p ~ IN PAYIIENT Of T11XES
DUE ON CLASS 'C INTANGIBIE PE ~l Pt'0?ER1Y.
• ~ pURS11ANT TO C11~P1ER 71-131. IIG1S Of l~ll.
~ MORTGAGE •~~~T~
OOUfCf ST ~UCE
~ CkfRfl CtRWIT . • ~
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iu~~rtg:~~,•~?r, in con.icleratian of the princi~k~l ,um ,pecitied in the p~Y~n:i..or~• nut. herexfter descril?etl. re-
~•~l Cr+~m (i:'TI)i)UR kF.SORTS OI~ :~~iERICA, 1\C.. a curporation or~;~uiizeci .ind e~istin~,? under the I.a~~s
th~ ~t.?te uf Tenne••ee. the ;~iortg.~gur. hereb~~ on thi~- --.~---d.t~• of--- _"C~~.-_-- 19~~,
r,:,~,•t~u~,<<~• to the \Iort~~igee the real properi~ i~i St. Lucie Count~, I~lorida, describecl as:
Lot :~a.. ~_in that cert.iin cur. tuminium knu~~•n .is (1LTDOOR
RESORTS OF ADIEhI('A AT ~F.T'fLFS ISI.A\Il, u. ~ho~~~n l,y plat
rec~~rdeci in the 011ice of the Circuit l'uurt in ~inct f~~r St. Lucie ('ounty.
~'1~?rida, in Plat Bcwk 16. p~ige l:lr~ throu ?h 1J. ;
THIS IS A Pl.?R('Hr1SE ~10~E~:1' ~IORT(::~GC ,j*~
lYb7~
:e~•w•it~- ior the pa,rn~ent of the pmmis~ory note of ~~•hich the foll~~~~~ng is a cop3':
Instaliment Note and Disclosure Statement
'7 Ct ~ ~i . / ~ - --_~fr-~-! l% _ ~
v . Ftorida
- 19~-~
F,~r ~'alue fiecei~•ed. I. ~~-e ur either of us pr~~mi~e to pay to the order of OL'TDOOR RESORTS OF
~iI~:R!('~. I:~('.. Y. O. Bo~ 1116. Jensen R~ach, Flar ida, 33=~5?, or an~ other place as the holder hereof may
~UF,I~J ~~Ct.3FJ0 /~1,~ E ~`'N~ ~R~!~ ~p ~~~lv ' Dollars, .
,!~•~i~.~n:~t~~ in ~criting. the cum o -
~i:i: ~um bein~,• the Total of Payments referred to in the I~i:cl sure St~ltement helo~ti, «hich indudes a F1NA~GE
~ Ii:11:GE on the amount fit:anceci, payable in- equal consecuti~e monthlt installment~ of
~~--each, and the first installment to Lecome pa~•able on the~ ~ day of-e~ .
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1~+ 7~ xnd one ~uch in~tallment to become due and pa~ a1,le on the_ _~___--da3 of each succeedin~ month
~ ;:;~il the ~.h~te ~f ~aid indebtedness (Total of Pa~ments) is paid. In the e~•ent of prepa3ment in full Uy ca.sh _
~ :.~f~~rc~ the tinal in~tallment date, the unear~ted ~rtion of the F[\A\CE CHARGE shall Ue rebated under
~ ?i~~• l:~ile ~~f 7L~'~.
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~ In the e~•ent uf default in the due and punctual pa~•ment of an~ installment on th~s :~ote for a period of
~~:irt~ 130) da~•., or if ant~~tatement, representation or ~rarrantS• in any application for the credit e~idenced
thi. \ote is f~und to i~e untrue in an~- material respect, or in the e~ent THE UNDERSIGNED, ~VITHt7LTT
~I'}If~: PRIOR ~t'RITTE\ CO\SE\T OF THF HOLDER HEREOF. SHALL SELI,. EVCUMBER (EYCEPT
i~ i~~t \10RTGAGE «'HICH 1S SECUR1Tl' FOR THIS tiOTF.) OR nTNER«'ISE DISPOSE OF OR EN-
~~t'ti1ftER OR ('O~titIT A~Y P,REACH OF THE ~10RTGAGE OK PFR\iIT OR SL'FFER ANl' LIEN TO
~:\IS"f' O\ THF. REAL PROPERTI' PL'RCHASED RY THE U\'DERSIG\ED A:~D FINANCED THROUGH
"I~IIF: CItF.DIT E~'IDF,\CEU BY THIS :~OTE or in the e.•ent of the incompetency, insoh•ency (howsoe~er
t•~: idencecl) or Lankruptc~• of anyone or more of the under•igned, then the entire remaining indebtedness then
~luc~ ~hall i~ecome immediatel~~ due and pa~•able a1 the optic?n ~f the holder hereof «-ithout demand, presentment
~iotice of an~ kind. An~ failure of holder tu exercice ~aid option ~hall not constitute a Hai~•er of the right
exercise the ~ame at any other time.
Time is of the essence of this ti'ote. In the e~~ent am- in•tallment is not paid ~hen due or within ten
~i~~~•~ th~reafter, the holder may collect, and the undersi~ned <?~;ree~ t~? pa~ a late charge nn such installment in
;~n amount equal to 5`,`~ of such inctallment or 3~. ~shiche~-er i: le~~, and in the e~ent this \ote is collected by
ia~c ~?r tha•~~~~;h an attorney at laH• or under advice thereof. :i~e undersi~:r.ed a~,•ree~ M pa} all costs of collection~
' ;n~•ludinh• reasonable at',orney's feeti and court co,ts to thc extent permitted i,~• Florida laH.
~ The unclersigned and all endorsers or other partie~ to thi~ note j~»ntl~• and severall~ transfer, comey and
~
a~~ign to the Hnlder a sufficient amount of sueh home;tead or exempti~?n a~ ma~- Ue allo~sed, includin~ such
~ h~~me~tead or e~em~~tion a~ may be set apart in hay~kruptc~•, tc~ pa~ thi~ note in full, ~~•ith al! c~st~ of collection,
~tind do hereby dir~ct any trustee in hankruptcy haLing pc?:.e~~i~?n ~?f ,uch home~tead or exemption to deli~er to
the Hulder a sufficient amount of propert~~ or moneS ~et apart a~ exempt t~ Pa~~ the indebtedness eridenced
he~rel~~•, nr an~~ rene~~al thereof, and do hereh~, jointly and .e~•eratl~-, app~?int the H~?Idcr the attorne~ in fact for
••xc~h uf them, to claim a~;;.,~nd al! homestead exemption~ all~~~~'ed 1?~• la~+-.
A first mort~?a~;e for the~ecurity of the afore~aid in~ieLteclnc~: i; retained i,~- OUTI~OR RESORTS OF
:\~tl~:Rl('~, 1:~1C., on I.ot 10~1~~ that certain Cond~?minium kn~~wn aa OL;Tt)OOR RE50RTS AT \ETTLES
1~l, ati I), and on am impro~ements, fixtures or after acquired pr~pertt added thereon. as ~hown hy plat re-
~~~rded in the Otfice of the Circuit ('ourt in and for St. i.ucie ('~~unty. Fl~rida, in Plat Bcwk 16. paRe l:lA
Thr~?u},~h lJ. ~ c ~ s)~
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