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Home My WebLink About0155 PROMISSORY NOTE No. ~ ~ ,.ti ~ ~ • , 19-~.5,- FOR VALUE RECEIVED, the undersigned land if morc than une, each ot them joinUy an~i sevcralty), promises to pay to the ordcr of ~ _,~}T_~_, Florida, the principal sum (Amuunt Finunced> designated bclow, together with Finance Charges from t c datc hercof at the Anr.ual Ptrcentage Ra~c d~signated bclow per annum cm the (ull amount of said principal ~um remaining from time ~o time uopaid, payable i~ ins~allments as heminn(ter provided, together with costs ot cullec• tion, including a reasooable attorney's fee if collected by legel procreJings or thr~ugh an atwrney at law. All paym~:nts mede hereunder wil! be cnedited first to interest and lawful chargea then acecued, and the remainder, ~o principal. ~ 1. Proceeds oi Loan (1) 2. lnsurance (include only if premium fi~anced hcreundcr - specify ~y pes af coverage and state premium for each) ` f ~LGt! (21 3. Official Foes: Filing i CertiScate of Tide i Documentary Stamp Tax 5--3~-.b5- - Other Charges: S ia..~,e.? Total O(Ticial Fees = 3 4_ 6 5 (3) 4. Credit Life Insurance Premium j dona (4) S. AMOUNT FINAhCED (1+2+3+4) , ; 23,03~.65 __~g~ 6. FINANCE CHARGE (interest only) S 372 71 l6~ ` 7. TOTAL OF PAYMENTS (S + 6) = 2 6. 7 S 7. 36 8. Your ANNUAL PERCENTAGE RATE is lA---`~ (8) f The above TOTAL OF PAYMENTS shall bo payable in~-mon[hly installments of ~ 743 . 26 each, on thelse day of each successive month commencing on il~~l, , 19_]5.._, together with a BALLOON PAYMENT in the amount uf ; due on , 1Q , provided, however, that the final payment of the entire indebtedness evidenced hereby, if not sooner paid. ahall be due end payable on , 19 • The amounts reterred to sbove have been computed upon the assumption that all instaUment payments will be made on the respective scheduled due dates. The FINANCE CHARGE is imposed on the unpaid outstanding balance of the AMOUNT FINANCED. l[ any installment is not peid in full on such due dete the undersignod will be obligated to pay such additional amounts as may become payable by reason ot the continuing accrual of FINANCE CHARGES at the ANNUAL PERCENTAGE RATE designated above. Any resulung charges accruing on account of feilure to make timely paywent on d,e due da[es will cause increases in some of the amounts dcsignated above, and such eggregate increase shall be payabte at the time of the last installment. Any instaliment payment made prior to any due datc or dates. or any prepayment, wiU cause decreases in some of the amounts designated above for the reawn chat the unpaid outstanding balance of the AMOUNT FINANCED will be reduced and the AhNUAL PERCENTAGE RATE daigneted above is applied to such reduced ouuta~iding balance. The undersigned has the right to prepay this indebtedness, in whole or in part, without penalty at any time upon the payment of accrued t j FIhANCE CHARGES to the date of prepaymen[, provided, however, that any partiel prepayment shaU be applied to the instaltment or install- ~ i ments of principal last maturing hereunder. Upon prepayment, the undersigned shall obtain a refund of the unused portion o[ the credit life : ~ insurance premium included in the AMOUtiT FINANCED computed under the "Sum of the Digits" ("Rule of 78") method. ~ ~ PROPERTY IiVSIiRAI\CE, if written in connection with this loan, may be obtained by the undersigned through any person of his choice. ? Such insurance is not availabk through the above named bank. ~ CREDIT LIFE INSI~RANCE IS VOLL3NTARY AND NOT REQUIRED FOR CREDIT. Such insurance cove~age is available at a cost ~ of = for the term of the credit. Credit Life Insurence is desired on the tiEe of: -r.~z~ ~C./` ~n.~, ii~r.a V . . ' t ~ , 1 D~ 4) l Inwued) ~ In the event any installment of principal and interest is not paid when it becomes due, the entire amount of this note, less the amount of ~ any rebetes requircd by law, shall immediately and without notice become due and payable at the election ot the holder. ~ Presentment, notice of dishonor and notice of non-payment are hereby waivzd by each maker, endocser and other parcy to this nute, and ~ each of them do hercby waive tht right to be sued after default in che county of their residence. ~ SECURITY - this l~an is se~ured by s Security Agreement of even date covering the following described property: ~Describe) 1972 Arroa Airplane Req. ~ P1~ 28R-200 ser. i 28R-7235125 ~ ~ T ~ 11 1 4 `346T ~ ~ The Security Agreement will secure future or other indebtedness and wili cover after acquired property. The ~ndersigned acknowtedges receipt of a completed copy of this note on the above date. ~ Rt.;, ~sax 162 Ft. Pierca, Fla. Ft. Pi L) ~ ~Addr.u t i Doc. stamps affixed to original note ~Y' ' (SEAL) ~ ~ p. ~ r~p HANK COPY ~ 800K ~+JO PAGE . ~ - - ~ ~ ~~.:~F~ 7{ - - =~;:;~:;z ~ ~