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Home My WebLink About1864 HOMS IMPROVF.MENT \o B.~~O g,~ PROMISSORY NOTE .19_~_ - FOR VAI.IiE RECEIVED, the undersigned (and if more than one, e~ch of them jointly snd severallyl, promises to pay to the orde~ ot ,_,i't~ ti~r~~ , Florida, ihe principal sum (Amou~t Financed) dz:ign~ted below, togethe~ with financc Charga rom the date hercot a~ the Annuul Perceo~age R~tc designated below pe~ annum on the iuU emount ot said principal sum remaininR from time to time unpaid, payable i~ installments as herrina(ter provided, tosether with costs of colloc- cion, iecluding a rcawnabk attorney3 tee if colkcted by legai proceedings or through an atto~ney at law. All_ payments made hereunder will be crodited 6nt to i~terat and lawtul chuges ehen ~cerued. ~nd the remainder. to principal. 1. rroooeds ot Lo.,~ _ ~~e-00~_cu 2. lncurana (include only it prcmium finanad hereunder-specify tppes of ~ COVCft$e ul~ si11tC pt~tt4wli ivI i+:ui _ ~n~ (Z~ S. O~cial Fea: Itaordin,~ _ latangibk Tu = Documeat~ry 5tamp Tax = 6.75 Otber Char~es: ' i ~a..~.~e., ToW O~cisl Fea = 6•7~ (3) 4. Crcdit Life lnsuranoe Premiwa 166.84 r4) S. AMOUNT FINANCED (1 + ? + 3+ 4) ~ ~~i'i~ 6. FINANCE CHARGE (interat only) ~ = 1210.01 ~6) 7. TOTAL OF PAYMENTS l5 + 6) = 5613.60 (n 8. Your ANNUAl. PERCEIVTAGE RATE is ~a~ Tbe above TOTAL OF PAYMENTS shalt be payable in 60 monthly instdlments o[ i ~3.~ ~ ~?,~_day of each:uooessive month commencin~ oo _~~t 26 . l9~_. Tbe amouna rcEerred to ~bove have been canputed upon the assumption that all instaltmenc payments wiil.be made on the rapoctive ~ebod- uled due data. The FINANCE CHARGE is imposed on the unp~id outstanding balance of the AMOUNT FINANCED. If any installment is not paid ia full on such due dace the undersigned will be obligated to pay such additiond amounu u mey become Wyabk by rea:on oi tbe continu- mg aocrwl of FINANCE CHARGES at the ANNUAL PERCENTAGE RATE designrted above. Any raulting charges accruing on axount of ~ ' - - . • - .L~ J..~ d~~~. ...:Il .~~uu inr~w~~re in nf ~iv ~~mts desianated above. and suCh aitQTegatC illC[C~C ~I1~11 asuu~c iv iwwc cu::a.:s r~s - _ - oe payabk at the «me of the l~t iastaWaeat if auch charga do not cause the amount of che last instellment to exceed twice the amount oE the deaignatod monthly it~itallment. otherwise ihe raulting chuges shall cause the number of payments to be extended. Provided. however. that no such extended installm°.nt payment shall exceed twice the amount of the daignated monthly installment. Any installment payment made prior to my due date or daca, or .~?r ~w~e~~. w~u uuse darcua in ~ne of the amounts daignated above for the nason that the uapaid out- standin~ balance of che AMOUNT FINANCED wiU be reduced and the .~NNUAL PERCENTAGE RATE desigaated above is appliod to auh roduced outtunding isalance. The undecsigned has the right to prep~y this indebtedaess. in whole or in pan. wi~hout penalty at any time upon che payment of accrued j FINANCE CHARGES to the date of prepayment. provided, however, that any partial prepayment shall be applied to the installment or insWl- ~ menu of principal last maturiag heceunder. Upon pcepayment. the undenigned :hal! obtain a refund oi the unused portion of the credit Ufe € ,nsurance premium included in the A~(Oi3NT FII~iA~1CED computed under tht "5um of the Digits" l"Rule of 78") method- ~ PROPERTY INSL3RANCE. if writtea in oonnection with this brn, mey be obuined by the undersigned through any penon of his choia. ~ Such insurance is not availabk through the above namod bank. CREDIT L1FE 1NSURANCE IS VOLUA3TARY AND NOT REQUIRED FOR CREDIT. Such iasuruxe coverage is availabk at a cott of ; 166.84 Eor t6e cerm of the credic. Crodit life Inuuance is daired on the life of: . , Lm C. NcCl~y Aatwt S. 1974 /a/ Len C. MeCleru4v - cn.a~ ~~..a? _ - ~ IDrMI ~ In ehe event any installment of principal and intercst is not paid when it becomes due, the entire amount of this note, fess the ~mount ot ~ any rebates requirtd by law, shall immediately and without notite become due ~nd payable at the election of the holder. Presentment, notice of dishonor and notice of non-payment ar~ hereby w~ived by e~ch maker, endorser and other parry to thiu note. rnd ~ each of them do hercbr waive che right to be sued after default in the county of their residence. ' ~ SECURITY - this loan is ucwed by ~ Mort~a~e of even date covering the [ollowing dacribed Properry: (Dacribe) ~ 11i11~ da~Cllb~d in t1M ~ttaCb~d NOlts,a~~. ~ ('teal ~state MortAaAe on file in i'ublie Recor~.s of St. Lucie Caunty, klorida) ~ ~ The Mortgege will secure future advanca not to exceed S and will cover a[ter acquired propercy. ~ The undersigned acknowledges rt:.eipt of a compkted copy of this note oa the above date. ~ 310Z J~=M~ Coutt s Len C..McClenny (SE~?L) - ~ ~waan., ~s:~°`a"`? : ~ ~ lOtt Pi~tc~, llotida 33450 /s/ Nancy C. McClenny (SEAW ' ~waa~...~ 'e~s°`°""' " ~ BANK COPY gpOK~O PACE~p~ . ~ ~ t ~ Doc. stampa affixed to original note ~ ~ ~ { ~ , ~-r ~ °..~c~=- ~ , ~n ~,r ~ N ~ ~ _ _ ~rt~„~_. . _ . . _ _