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RECENFD ~ ~'S ~ M WWMENT OF TAXfs
1A ~ Dl1E ON CLJISS 'C' INTAt~i(i{6LE rERSO~IAL PROPERiY, ~
y~~ - 3~.~806 PURSUANT TO CH~'nER 71•134, 14fTS OF 19~1.~~t<
~ O R T G A G E ~ }:;~:;ER : , : ~ :
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~r c~ c~i~ ~.:.,r. sr. c-. r~.r,
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the enurt~,?a~,?cn•, in consicieration of the principal sum specified in the ~n•umissor~~ nate hereafter described, re-
rei~-c~l from ~OU'I'n00R RF.SORTS OF Ar1EItICA, INC., a corppi•~tio~i oi•~;~nized ~~id 6\1Stlllg iinder the.I.a~ti~s
of the St~?te ~~f 'I'ennessee, the Aiortgagor, hereb~~ oi~ "this__~~ Y_d~i~~ of----_-.e'~ i~- / L _ , 19~~ ~
nu?rt~;.~ge, to the ~Iortgagee the re~l property in St. Lucie Cuunt~~, I~'lorida; describ d~s: - ~
,yq~ ~ ~s ~ C~~s~ c~x~y ~
I.ot Na-._ _ ~n that. cei•tain cu~idominium k»o~~•ii a: OU~I?OOR ~
RESORTS OF ANiERICA AT \TETTI.F.S ISLANn, ~~s sho~ru b3~ pl~t
recorcied in the Oflice of the Circuit Court i~i anci for St. Lucie County,
Florida, in Plat Book 16~ page 1:1A throu~h 1J. ~~~pg ~
OA ~
THIS IS A I'URCHASE \iONEI' ~IOR'I'G a(.E w~ ~
As seci~rit~• foi• tlie pa~•ment. of the promissoi•y ~tote of «•hich the follo~~~ing is a copy: €
Instaliment i~ot~ and Disclosure S te nt #
~.-7~7 ~ ~ ~
Y_/~ / 1~_~0 C, u ct y~_, Florida
~
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F~~r. ~'alue Recen~ed, I, ~ce or either of us ~~rom ise to pay to the order of OUTDOOR RESORTS OF 3
A~IEI:I('~~, I\~C., P. O. Bo~ 111 Je~isen Beach, Floi• ida, 334~57, ar an~• othei- place~ the holder hereof may ~
de,i~,?nate in ~~•ritin~;, the sum of F_ U2Q-e~-~'~~-S~~e._1`<<'~f ~~e~~ (_Q:77~~~) .Dollars,
_ this ~um bein~ the Total of Yaymen s referred to in the nisclosure Statement Uelow, ~vh~ch incltides a FINANCE - ;
CIIARGF, on the amount financed, payable in _~2 equal consecutive monthly ' stallments of
7"~-' each, and the first installment to become payaUle on the I~~ day of , $
~
1~__'~.~, aiid one such _installment to Uecome due and payable-on the- ~ day of each s ceeding month t
until the whole of said indebtedness (Total of Payments) is paid: In the event of prepayment in full by cash -
hefore the final installment date, the unearned portion of the FI\'ANCE CHARGE shall Ue rebated under ;
the Rule of 78's. ~
. In the e~•ent of default in the due and ptu~ctual payment of any installment on this I~'ote for a period of
thirt~~ (30) days, or if any statement, representation or ~varranty in any application for the credit evidenced ~
b~~ this -~~ote is found to be untrue in any material respect, or in the event THE L1NilERSIGNED, ~VITHOUT - ~
TIIE PRtOR ~i'RITTEN CONSENT OF THE HOLDER HEREOF~ - SHALL SELL, r.NCUMBER (EXCEPT ~
FOR A~TY hiORTGAGE WHICH 1~ SECURITY FOR THIS \~OTE) OR OTHER«'ISE DISPOSF. OF OR EN- g
CU~II~ER OR COi~i;~1IT ANY RREACH OF THE biORTGAGE OR PER:IIIT OR SUFFER ANY LIEN TO ~
EXIST ON THE REAL PPOPERTY PURCHASED BY THE UNDERSIG;~TED AND FINANCED THROUGH ~
TTiE CREDIT EVIDENCED BY THIS i~'OTE or in the event of the incompetency, insolvenry (howsoever ;
e~~idenced) or l~ankruptc~~ of anyo~ie or more of the tinder~igned, then the entire remaining indebtedness then
a
due shall become immediately due ancl pa~•able at the optio~i of the ho~dei• hei•eof ~~•ithout demand, presentment ~
~ or notice of any kind. Any failure o~ holder to e~ercise said option shall i?ot constitute a waiver of -the right ;
to ex~rcise the same at any other time. _ ;
~ Time is of the essence of this 1Vote. In the e~~ent any . installment. is not paid when due or within ten ~
days thereafter, the holder may collect, and the undersigned abrees to pa~• a late charge ~n such inst ]lment in ;
an _amount equal tc 5 ~ of such installment or $5, «hichever is less, and in the event this Note ~s- co~ected by
la~~• .or through an attorney at law or under advice therec~f, the undersi~ned agrees to pay all costs~of ~olCection, '
incluc~ing reasonable attorney's fees ard court costs to the estent permitted b~• Flarida la~v. -t=
_ . .
- The undersigned and atl endorsers or other parties to th~s note jointl~ and severail~~ transf~I', conve~ and
assign to the Holder a suf~'icient amount of such homestead or exemntion as may be allowed, ~icluding such
homestead_or exemption as may be set apart in bankruptcy, to pay this note in full, ~ti~ith all costs of collection,
- and do heretiy direct any trustee in bankruptcy having possession of such homestead or exemption-£o deliver .to
~ the Holcier a sufficient amount of property or money set apart as e~empt. to pay the indebted~ss e~~idenced
hereb3~, or anS~ renewal thereof, and do hereby, jointly a~id se~•erall~•, lppoint the Holder the attor~~ey in fact for
each of them, to claim a?.,~ and all homestead exemptions allo~~-ed b~• law. ~ ~
A first mortga~e for th~,e~ ~se~c~y~ty of the aforesaid indebtetlness is retained Uy OUTDOOR RESORTS OF
Al1ERiCA, I~C., on Lot No~jF_`Z~_in that certain Condominium known as OUTDOOR RESORTS AT ~TETTLES
tS1.A\'D, and on any-improvements, fixtures or after acyuir~d property added thereon, as shown by plat re- '
corded in the Oftice of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A ~
through 1J. U R s - ~
~ 80~K2~U PAGF~~~
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