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. il:+c:?~)(,~ 4 S RECEIVED 9~ - IN PAYMENT OF TAXfS
M O R T G A G E E~"~1-13~ ~T~~ i~~-R~'
IIO~ER POIiRAS
~
7 ~Qt,~Ki _L?_~~.~Q h- - - - -CLERR 61P.6U1T--COUftT. SI_11~C1E~
~h~• nu~rt~.•a~~~r, in c~~m~der.?tion of the principal sum ~pecified in the prom~.•~~r~• note hereafter deseril~ed, re~
,,~i~c~~l I~tim~ Ot?TI)OOR RF.SORTS OF ~11ERICA. I\'G., u cur~~ration organized and exi~tin~ under the I.~Hs
the ~iortbagar, hereb~' Oll thi,- -_--da~• of..------ a~-- - 19~1-~
,~i thr ~t.~t~ ~?f T(IlI1L~~C'C. •
r~~~~rt~,.~~,~r~ t~~ the ~ioi•t~;a~ee the real pmperty in St. Lucie Cc?i~nt~~. Ftorida, describeci as: '
I.ot \o._. ~39SI1. in that cert.iin eondominium knu~~•n a~ OUTI~OR
I:ESORTS OF A~IF.RiCA ~T \ETTI.F.S IS1.A\I~. <<s sho~~•n l?~• plat
~ reco~Yieci in the Oft~ce of the Circuit Cc?urt in and for St. I.ucie County,
Ftorida, in Plat Rook 16. page 1:1A thrnukh 1J.
THIS 1S a PUR('HASF \10NE1 ,IOR1'(::~l:E
~e~•uritr 1'or the px~•ment of the promi~soiw note of whici~ the fullo~~•i~z~ is a rup)':
Installment Note and Disciosure Statement
G~__-_ _ _$y'-_ ~~_c.~'e _ ~Q~~. Florida
~ ~~-py- -
--J-~~----~-- - - 19~-
F~~r ~'xlue Recei~•eci, t. ~~•e or either of u. pr~~mise to pa~ to the order af OUTUOOR RESCRTS OF
:~~ti~;Rl('~, Iti('.. I'. O. Box 1116, Jen~en Beach. Florida, 33457. or any other pla~,~y,the holder hereof may
~i,•~i~n:?te in ~sritin};. the sum of.~CtnE! AlzstS~i.~!G~~~!isl~~tk~cP~~~-~'.~ ~~~~i-~-G$) Dollars.
:~;m l~rin~,~ the Tatai of Pa~~ments referred to in the Di:closure Statement below. ~vhich includes a FI\ANCE
~(l:llt(:F, on the amount financed, pa~able in-__._-_~_(r- ._---=--e9ual consecutire monthl~~ installments of
? j(l,3• j~' _____each, and thc first installment to tecome payable on the j~~ day of J~ .
' 1~~ ~ y, and one ~uch in~tallment to become due and pay able on the__ _day of each succeedin~; montN
i ti l t he h o l e o f s a i d i n d e b t e
d n es s ( Total of Pa~ments) is paid. In the e~ent of prepa~ment in full Uy ca.sh
~ :~~f~~rc~ the final in~tallment date, the unearned ~~ortion of the F'I~~?;~GE CHARGE shall be rebated under
~
! ~ Iiule uf i8',.
~ In the e~•ent of default in the due and punctual pa~•ment of an~ installment on this \ote for a period of
~~~i?•t~• (30) da~s, or if ant statement, represent<?tion or K•arrant~• in an~ application for the credit evidenceci
~ thi, \ote is found to Ue untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT
~ ":~iih: ~'RIOR ~l'RITTE\ CO`SE\T OF THE HOLDER NEREOF. SHALL SELL. ENCL1MBER (EXCEPT
~ F~~ ?F~ A\1" btOR'I'GAGE «'HICN 1S SECURI'I'Y FOR THIS \OTE) OR OTHER~~'ISE DISPOSE OF OR EN-
~ ~ t"\1BER OR C0:1'i1~IiT ~1\~ RREACH OF' T~IE :~10RTGAGE ~R FER~iIT OR SUFFER ANY LIEN TO
h:\IST O\ THE RF.AL PROPERTI' PL`RCHASED B1' THE L'\UERSIG\'ED A~TD FINANCED THROUGH
"1'IIE CKEDIT EV11)ENCEU BY THIS \'OTr, or in the event of the incompetency, insolvency (howsoever
~•~-i~ienced) or Lankruptc}• of anyone or mor~ of the under•igned, then the entire remaining indebtedness then
~;uc~ shall 1~ecome immediatel~ due anci pa~•able at the option of the holder hereof ~.•ithout c3emand, presentment.
~~i- notice of an}• kind. Any failare of holder to e~ercise ~aid optio~i shall not constetute a~sai~er of the right
t~~ exercise the same at anyr other time.
Time is of the e4sence of this ~'ote. In the e~~ent anS~ installment is not paid ~vhen due or within ten
~l<<~•s thereafter. the holder may collect, anti the under~i~,rned a~;ree. t~? pa~ a late charge ~n such.~nstallment in
:~n amount equal to 5`,~~ of such instaliment or ~5. ~shiche~•er i~ less, and in the e~•ent this tiote is collected by
la:.~ or t~roukh an attorney at law or under aavice thereof, thP undersi~,rne~l a~;rees to pay all costs of collection,
inclt~~ir.g reasonable attorney's fees and court costs to the e~tent permitted i,~• Florida la~s. '
.
The undersigned and ~11 endorsers or other partie• to thi~ note iointl~~ and ~e~-erally transfer, concey and
_ .t~~i~n to the Holder a suflicient amount of such home~tead or exemption a~ mat 1~e allowed, including such
h~~me.tead or e~emption as may be set apart in hankruptc~•, to pa~• thi< nnte in full, ~~•ith ail costs of collection,
and do herei,p direct any trustee in bankruptcy ha~ ing p~:~~e~~i~~n uf such home~tead or exemption to delicer to
rhe Holder a sufficient amount of propert~~ or money set apart a~ e~er.ii~t t~? Pa~ the indebtedness evidenced
ht~reb~'. or an~• renewal thereof, and do hereb~, jo:ntly and ,ererall}•, ap~int the Holder the attorney in fact for
t~ach of them, to claim a~ and all homestead e~emptions all~>n~ed 1,~• la~i•.
A first mort~*age for the ~ecur~ty of the afure~aid indel,tcclne~~ i; retained bS• OL'TI)OOR RESORTS OF
:1~i~:R1('A, INC., on I.ot ~'o.l~n that ~ertain Condominii~m known as Oi;"CI)OOR RESORTS AT ;~'ETTLES
I~LA\ I), and on any impro~~ements, fixtures or after acquired property added thereon, as show n by plat re-
~~~rded in the Oliice of the Circuit Court in and for St. I.ucie ('ounty, Florida. in Plat Book 16, page 1:1A
throtti~h 1J. ~~i
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