HomeMy WebLinkAbout0283 26~813
1viORTG~IGE ,
vin Fred Pinkley & Mary L. Pinkley and Melvin A. Pinkley & Loretta A. Pinkle~,
~}~a r.~ui•t~a~?or, in con~ideration of the principal sum specified in the E,romi~sory note herexfter de~cribed. re-
~~~:~~ed frum OLTDOOR RESORTS OF AI~IERICA. I`~C., a corporation or~anized and existin~ vnder the Laws
~~i the State of Tennes;ee, the ,llortgagor. hereby on thi;__ 3rd_~~~~~- of_ June ~g 73 ~
r::~rt~;age; tu the :llort~aKee the real property in St. Lucie Co~iRt~•, E luridu, de~criUecl as:
Lot 1~'o.20~II___in that certain ~~~~ndort~ini!im ~:i~own as OUTDOOR
F.ESORTS OF AIIERIC~ AT ~ETTI_ES ISLa~D, <<s ~ho~vn i;y plat
t•ecorc'.ecl in the Ot~ice of the Circ~iii (;o~.irt in and for St_ Lucie County,
Florida, in P;at Book 16, page 1:1 a~hrough 1J.
THIS IS A PURCHaSE ~IO`EY ~tORTGAt~E
securitS• for the payment of the promi~sory note of ~rhich the fo?luc~ inb is a copy :
Ins~atlmen~ No~e and Disclosure Stfltement
~9~281 2$ ~ St. Lucie County .
-•,.,s~,:~t:,-~r~'T' Florida
~t,ued o;:g~'~:? neta
June 3, _ lg 73
a;id eer._et'.;1
For Value Received, I. «•e or either of us prom ise to pay to the order of OUTDOOR RESORTS OF
:1 ~IERICA, Iti'C.. P. O. Box 1116. Jensen Beach, Flor ida. 33457, ~f any other place as the holder hereof may
' ue~ignate in ~r•riting, the sum of Nine thousand two2~dred eighty-one 9~ 2g1.28
( ) Doltars,
i rhi; s~im being the Totat of Payments referred to in the Di>closure Statemer.t below, which includes a FI\'A~CE
' C~IARGE on the amou^t ~„3nced, payable in ------_96~'--- equal consecutive montnly installments of
~
~ ~_9~fz$------~ each, and the first installment to become payable on the lst day of September ,
1
` 19 a~~d one such installment to become due and payable on the lst day of each succeeding month
_ :;r~til the whole of said indebtedness (Total of Payments) is paid. In the e~en± of prepayment in fult by cash
` t~;~re the finai installment date. thp unearned portion of the F1tiA\GE CHr~RGE shall he rebated under
~ ~ Rule of 78's.
~ In the e~•ent of default in the due and punctual pay-ment of any installment on this iV'ote for a period of
~
~ tt~irty (30) days, or if any statement, representation or :rarrantS~ in any application for the cred:t evidenced
~ i~r this Note is found to be untrue in any material respect, or in the event THE UNDERSIGI~TED, ~VITHOUT
~
THE PRIOR ~VRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCU1tiSBER (EIiCEPT
FOR A:~TY ~iORTGAGE WHICH 1~ SECURITY FpR TH~S \'OTE) OR OTHER~VISE DISPOSE OF QR EN-
- C'~ti1DEn OR Cvivl~tlT ANY BREACH OF TI-iE 1~IOP.TGAGE OK P~R~1IT OK SUFFET.~ ANY LIEN TO
~ E~IST ON THE REAL PROPERTY PURCHASED BY THE Ui~'DERSIG~'ED AND FItiAl\'CED THROUGH
~ 'I'FIE CREDIT EVIDEI\'CED BY THIS I~'OTE or in the event of the incompetency. insolver.cy (howsoerer
~ e~~ider?ced) or bankrupt~y of anyone or more of the undzr=igned, then the entire remair.ing indebtedness then
~ c?ue shall become immediately due and payable at the opt;on of the holder hereof ~rithotit dem~ -~r3,~-~sentment
~ or notice of any kind. Any failure of holder to exercise ~aid option shall not constitute a wai~er of the right
to erercise the same at any other time.
Time is of the essence of this 1``ote. In the e~~ent any installment is not paid when due or within ten
dayrs thereafter, the holder may collect, and the undersigned agrees to pay a late charge ~on such installment in
4;
~~n amount equal to 5;~ of such installment or $5, whichec-er is less, and in the e~ent this \ote is coiiected by
la~v or throi~gh an attorney at law or under advice thereof, the ur.dersigned agrees to pay all costs of collection,
=
~ including reasonable attorney's fees and court costs to the extent permitted by Florida law.
- The undersigned and all endorsers or other parties to thi~ note jointly and seceraliy transfer, cor.vey and
a:;sifin to the Holder a sufficient amount of such homestead ~r exemption as may be allowed, inc!udirg such
`W=_~ homestead or exemption as may be set apart in bankrup*c}-, to pay this note in full~ with all costs of collection,
and do hereby direct an trustee in bankru tc havin
y p y g po>session of such homestead or eYemption to deli~•er to
- the Holder a sufficient amount of property or money se± apart as e~empt to pay the indebtedness e~ idenced
hereby, or any renewal thereof, and do hereby, jointly and ;e~•erall~•, appoint the Holder the attorney in fact for
p;~.:. each of them, to claim ar;~ and all home~tead exemptions allo:ced b;; la~y.
F'.':_
A first mortgage for the security uf the aforesaid indebteclne~s is reta~ned by OliTD00R RESORTS OF
~~~1EP.[r:~, I~'C., on L.ot :~1v 201 I~n that certain Condor:iiniiim knoKn as OliTDOOR RESORTS AT \ETTLES
!~LA\'D, a.nd on any impro~-ements, fixtures or after acquired property added thereon, as shown by glat re-
`;r~~
c~~rcied in the Oftice of the. Circuit Cour~ in and for St. Lucie County, Florida, in Plat Book 16, page 1:IA
' thro~~~~h :.J.
eocK22~ v~cE 2~ ` -