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Home My WebLink About1979 - - - " ~ ` '~`~~A ~ . • RECEIVED ' iN PAYbEtIT OF TAXES y 0.L DUE ON ClJ1SS'C WTAM6IBLE Ff :5,;~.`t ~"0.'ERI~. M O R T G A G E pUitSUANT 10 CHAP'~ER 71-13~. ~TS ~ ~y,~. ~r<<~ ~ ~oca~ PoiTw~s ~ ~harles_Z. Davidson & Terry Davidson . ~ i t~~• m~?rt~ugor. in considert~tion of the princip~?1 sum specified in the promi~.tiory no e erea ter escr~ ; ~~~•i~~ed f~~?m OLTTI)OOR RESORTS OF A~iERICA. 1NC., a corporation orgnnized and existing under the Laws ; 4 ~~i th~.~ 5tate of Tennessee. the Mortgagor, hereb~• on this 2 th_day of APril - , 19 7 . m~n•t~?~?~;e. to the llortgagee the real property in St. Lucie County. Florida, described as: Lot No.3~~I --in that certain caidominium kno~~ n as OUTDOOR RESORTS OF A1IIERICA AT \E1'fLES ISLAND, <<s shown by plat Fu paC. recorded in the Office of the Circuit Court in and for St. Lucie County. ~ Florida, in Plat Boak 16, page 1:1A through 1J. THIS IS A PURCHASE ~10NE1 110RTGA(:E :1: •ecurit~• for the pa~~ment of the promissoiy note of which the following is a copy: Installment Note and Disclosure Statement ` s~~.~Il ~ St . Lucie County , Florida _~t~r;1 ?7_,__ 19~4 } ~ F~n• Vatue Recei~eci. l. ~~e or either of us prumi~e to pay to the order of JUTDOOR RESORTS OF ; ~Il:1~I('~, INC., P. O. Box 1116. Jensen Beach, Flor ida. 33457. or any other place ~~i~~iolder hereof may sand eight_ hundred eight & ) Dollars. ~ ~l~~:i~,~nate in ~~ritin~, the sum ofE.igh~-~.h-~- - ; thi~ .um I,ein~? the Total of Payments referred to in the Disclocure Statement below. which includes a FINANCE _ ; ~~}I:1It(:E cm the amount financed, payable in _-60- equal cunsecutive monthly installments of ~ 1~_~. 81____ _-each, and the first installment to t,ecome payable on the lst day of July ~ ~ 7~, and one such installment to become ciue and pa~ xi,ii: u~i the_-ls t day of each succeeding month ~ t~?~til the whole of ~id indebtiedness (Totat of Payments) is paid. In the event of prepayment in full by cash ~ t~t~f~~rc the fina{ installment date. the unearned portion of the FI;~'e1hCE CHAPGE shall be rebated under f the Nule of 78's. ~ In the e~ent of default in the due and punctual payment of any installment on this Note for a period of :!;i;•t~ (30) da3•s. or if any ctatement, representation or warranty in any application for the credit evidenced i this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED. W11'HOUT 'I'tiE PRIOR ~S'RITTEN CONSE~'T OF THE HOLDER HEREOF. SHALL SELL. ENCUMBEB (EXCEPT l~ nR ANY MORTGAGE V~'NICH 1S SECURITY FOR THIS NOTE) OR OTHER~'~'ISE DISPOSE OF OR EN- t'L'~iBEft OR COMMIT Ai\Y RREACH OF THE MORTGAGE OR PERMIT OR SUFFEft A?~IY LIEN TO F:_l'IST ON THE REAL PROPERTY PURCHASED RY THE UNDERSIGNED AND FINANCED THROUGH f "i'fIE CREDIT EVIDENCED BY THIS NOTE or in the e~ent of the incompetency, insolvency (howsoever ; :~::lcnced) or bankrupLcy of anyone or more of the undersigned, then the entire remaining indebtedness then ; ciiie shall become immediately due and payable al the option of the holder hereof without demand, presentment ; ~~r notice of any kind. Any failure of holder to esercise said option shall not constitute waiver of the right y co exereise the same at any other time. " + Titne is of the essence of this Nute. In the e~ent any in~tallment is not paid when due or within ten ~ ~la~~s thereafter, the holder may collect, and the undersiKned agrees to pay a late charge on such installment in ~ ~~ri amount equal to 5`,% of such installment or $5, whiche~er is less, and in the etent this Note is collected by ~~i«- or through an attorney at law or urder advice thereof, the undersi~ned agrees to pay all costs of collection, includinR rea.~onable attorney's fees and court costs to the extent permitteJ by Florida laH. The undersigrned and a11 endflrsers or other parties to this note jointl~ and setierally transfer, cot~vey and ~ ~~~,i~?n to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such h~~mestead or exemption as may be set apart in bankruptcy. to pay this note in full. ~vith all c~sts of collection, ~ and do hereby direct any trustee in bankri~ptcy having posse:sion of such homestead or ex~mption to deliver to ~ the Holder a sufficient amount of property or money set apart as exempt to pay the indebteddess evidenced ; hereb~, or any reneKal thereof, and do hereby, jointly and se~•erall~~. :ip~int the ~Ialder the attorney in fact for each of them, to claim ar~• and all homestead exemptions allo«-ecl by law. L A first mortgage for the security of the aforesaid indebtednes:: is retainecl i~y OLT'fDOOR BESORTS OF ~ AI~iF.Ri('A, INC., on Lot No3~~n that certain Condominium known aa OUTDOOR RESORTS AT NETTLES TSLAtii), and on any improvement~s. fixtures or after acquired pmperty added thereon, as shown by plat re- corded in the Office of the Circuit Court in and for St. Lucie ('ounty, Ftorida, in Plst Book 16, page 1:1A through iJ. ~ U R t aoox F~cf ~.y ~ - - - - ~