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HomeMy WebLinkAbout0758 ~ , , ~~oMS twPttov~aeerrr ' . PROMISSORY NOTE _ , • 19--~-- ; . fOR VALI:E RECEIVED, the undersigned (and it morc than one, cach of them jointly a~d sevt~aliyl, promises to pay to the order of . Florida, the principal sum lAmount Financed) dtsig~ate be ow, toge r wit ~Finaocc arges m date hercof at the Annual Percentage R~tc d~:signated btlow per annum on the tull amount oi said principal sum rcm~ining (rom time to time unpaid, payabk in installments~as hercinafter provided, togethe~ wich coats ot collec- cion, including a rcasonabk attorney's fec if collected by le~al proceedinga or through an attomey at law. All payments made hereunder will be crcdited Grst to interat ~nd l~wtul charges then ~ccrued. ~nd the ~em~inder. to principal. 1. Prooeeds oi Loan - (l) _ 2, lnsuronce (include only if premium financed hcreunder - specify types oi • ooverage and :ute prcmium [or each) _ (2) - , non• 3. O~cid Foa: . t i ! Recordin~ ' lntangibk Tu = Documentary Samp Ta~c , Other ChsRes: i ~a..~.~e.~ (3) ri2_•~~ r~ ~ ~ l7l<l V WNaI a-R1 • _ ~4) 4. Credit Life Inaurance Premium none S. AMOUNT FINANCED (1 +2+3+4) _-;'~~~-rS) . ° f 6. FINANCE CHARGE (interat only) s ~6) 7. TOTAL OF PAYMENTS (S + 6) s 8. Your ANNUAL PERCENTAGE RATE is ~8~ f 'i'he ~bove TOTAL OF PAYMENTS shall be payable in monehly installments oE i °A ~ d~y of each succeuive month commencin~ on . 19 • ~ 7'he anwunts refernd to above have been computtd upon the assumption that a11 it~stallment payments will be made on the napective sched- ulcd due datts• The FINANCE CHARGE is imposed on the unp~id outstanding balance of the AMOUNT FINANCED. If any insallment ~ not ~a in ful! on such due datc the undersigned will be obligated to pay such additional amounts as may become pay~bk by reaaon of the continu- y.°.:.~ ing accrual of FINANCE CHARGES at the ANNUAL PERCENTAGE RATE daign~ted above. Any resulting ciurges accruin8 on ~oount o tailure to roake timely parment on the due datu will cause incnua in some of the amounu daignated above, and such ag~egate inccea:e sh~11 be payabk at the cime oi the iast installmenc if auch charges do not cause the amount of ehe last u o' be extendcd. pro~'d~~. ~+o ~t~t °O ' deaignatod monthly i~sullment, otherwise the r•.suking chuges ahall cause the number of peyme such extended instellmene payment shall excced twice the amount of the designated monehly installment. Any installment paymeat msde prior to any due date or daces. or any prepayment. w~~1 cause decx+s~s in some of the amounts designated above for the re~son that the uapaid out• standia~ belanoe of the AMOUN'f FINANCED will be reduced and the .4NNUAL PERCENTAG£ RATE destgn~ted abovt is applied to wch ~ reducod ouutanding balance. nt of ~ccrued l I The undtrsigned has the right to prcpay thia indebtednas, in whole or in part. withou[ penaity at any time upon payme ~ FINANCE CHARGES to the date of prepayment, provided, however, that onY p~rtial prepayment shall be appGed to the instaUment or inttall- ~ ments of principal last maturing hereunder. Upon prepayment, the undersigned shali obtain a refund of the unused poction of the cr~dit liie ; insurance premium included in the AyiOUNT FINANCED computed under the "Sum of the Digits" l"Rule of 78") method• ~ PROPERTY 1NSliRANCE, if writte'n in connection wich this ioen, may be obtained by the undersigned thmu8h a~7 P~~soa of hit choia. ~ Such insurance is not availabk thcough the above named bank. ~ CREDIT LIFE 1NSURANCE 1S VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such insurance coverage i~ av~ilabk at a oat of ; for tbe term of the credit. ~ Crodit Lifc lnsuranoe is daired on the life of: lD.a) ~ ta.~na) (lowt»dl IDaf~1 ~ In the event any installment of principal and imerest is not paid when it becomes due, the entire amount of this note, less the amount of any rebates required by law, shal! immediately and without notice become d~e and payable at the election of the holder. ~ presentment, notice of dishonor and notice of non-payment are hereby waived by each maker, endorser and other party to this nou, ~nd eacn ot them do hereby waive the right to be sued after default in the county of their residence. ~ ~ SECURITY - this loan is securcd br a Mott~age of even date covering the following described property: (Dacri v~ ~ ~r, ~ The Mortgage wili secure future advances not to exceed t and wili cover after acquired property. ~ The undtrsigned acknowledges receipt of a compieted copy of this note oa th~abo e date ~ • ~/7~t%~ ~ 121 B~ 1 2 tti S t r s~ ~ (SEAL) lAddr..n) t9ipatun) ~ Ft. Yierce, Fla. ~ l ~il~i~' ai l ~~1'y/~'~/ -(SEAL) - ~ te`~°'a"~'? ~~ee,~.~ BANK COPY ~ Doc. Stmps affixed to Orig. Note 0 R 230 PAGE ~W 800K ~ - - ~ ~ ~ - - ~ , _ . _ _ _ _