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Home My WebLink About2929 ' ''1Y . r ~ ~t! . L . ,'~t~•~ SIMPLE INTEREST PROMISSORY NOTE No. 19 FOR THE VALUE RECEIVED, the undersigned (aM if more than one, each of them jointly and severally, promises to pay to the order of ~ F~~, ~ p~~~ sum (Amount Financed) designated below, together with Finance srges horn the date hereof st the Annual Percentage Rate designated below per annum on the full amount of said principal wm remaining from time to time unpaid, payable in irutslknents as hereinafter provided, together with costs and expenses of collection and reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or through an attorney at Isw. All payments made hereunder will be credited first to interest and lawful charges then accrued, and the remainder, to principal. 1. Proceeds of Loan S d; Sao _ 00 (11 2. Inwrance (include only if premium financed hereunder -specify types of coverage and state premium for each) s a/a (z? 3. Official Fees: Recording S II/a Intangible Tax S 1? • 89 Documentary Stamp Tax S It _ SA Other Charges: (describe) _ S a,/~ Total Official Fees S 31 _ 39 (31 4. Credit Life and/or Disability Inwrance Premium (Itemized below) S 335. S1 (4j 5. AMOUNT FINANCED 11 + 2 + 3 + 4) S 8 ~ 946 _ 90 (5? 6. FINANCE CHARGE (interest only) S_.j~.~.Q,~.,,.~_161 7. TOTAL OF PAYMENTS (5 + g) S12' a 351.60 (71 8. Your ANNUAL PERCENTAGE RATE is 13. SO x (8) The above TOTAL OF PAYMENTS shall be payable in bo .monthly installments of S 20 S, 86 ead~, on the slay of each wccessive month commencing on D~Ce>.her 28 . 19 ?9 _ ACCELERATION - In the event any installment of principal and interest is not paid when it beoontes due, a the happening of arty event of default, or in the event of the death of any maker, endorser or guarantor hereof, ttte prindpal sum (AMOUNT FINANCE01 remaining unpaid hereunder, together with all accrued and past due interest, plus the credit investigation fee itemized above, less arty rebates required by law, shall immediately and without notice become due and payable at the election of the holder at arty time thereafter. The amounts referred to above have been computed upon the aswmption that all irutallment payments will be made on the respective scheduled due dates. The FINANCE CHARGE is imposed on the unpaid oumanding balance of the AMOUNT FINANCE. If any installment is not paid in full on wch due date the undersigned will be obligated to pay such additional amounts as may become payable by reason of the continuing accrual of FINANCE CHARGES at the ANNUAL PERCENTAGE RATE designated above. Arty resulting charges accruing on account of failure to make timely payment on the due dates will cause increases in some of the amounts designated above, and wch aggregate increase shall be payable at the time of the last irutallment if such ~9K do not cause the amount of the last installment to exceed twice the amount of the designated monthly installment, otherwise the resulting charges shall cause the number of payments to be extended, provided, however, that no such extended irutallment payment shall exceed twice the amount of the desgnated monthly installment. Any installment payment made prior to arty due date or dates, or any prepayment, will cause decreases in some of the amounts designated above for the reason that the unpaid outstanding balance of the AMOUNT FINANCED will be reduced and the ANNUAL PERCENTAGE RATE desgnated above is applied to such reduced out- ; standing balance. The undersigned has the right to prepay this indebtedness, in whole a in part, without penalty at any time upon the payment of accrued FINANCE CHARGES to the date of prepayment, provided, however, that any partial prepayment of prindpal shall be applied ~ to the installment or installments of prinppal Isst maturing hereunder. Upon prepayment, the undersigned shall obtain a refund of the unused portion of the credit life and/a disability inwranoe premium included in the AMOUNT FINANCED computed under the I'; "Sum of the Digits" ("Rule of 78") method. PROPERTY INSURANCE, if written in connection with this loan, may be obtained by the undersigned through any person of his choice. Such inwrance is not available through the above named bank. CREDIT LIFE AND/OR DISABILITY INSURANCE IS VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such Irrnrranoe coverage is available at the cost designated below for the term of the credit. Florida law requires that before any credit life insurance may be sold, the creditor must advise the borrower that he has the option of assigning any other policy or poircies the debtor owns a may procure for the purpose of covering said loan and borrower is so advised. Credit Life Inwrance (Inwred no. 11 Jol~ j~p$ 6/8/48 S j:c t7 ~ ( 1 Credit Life and Disability Inwrance (Inwred no. 1) S g/a ( ( !Joint Credit Life Inwrance S ( ? Joint Credit Life and Disability Inwrance (Disability only on Inwred no. 1) S ~ 1/We desire the insurance coverage indicated above. j ~ JOhn D. C(I~s~r~~r~o. 1? a e (Inver, o. 2) ate) ~ SECURITY -this loan is secured by a Mortgage of even date coven the followi described Y n9 n9 property= IDesuibe) Lot Loan See Attached Irfort~a~e The undersigned hereby grants to the holder a security interest in any returned a unearned premiums from any irrsrxarwe financed hereunder. The Mortgage will secure future advances not to exceed S 11~a Presentment, notice of dishonor and notice of non-payment are hereby waived by each maker, endorser and other party to this note, and each of them do hereby waive the right to be wed aher default in the county of their residence. The undersigned acknowledges receipt of a completed copy of this note on the above date: John D. Chi 130>tt 1729 S.M. Taurus Lase (SEALI ~ (Address) (~c~ re) I _ Port St. Lucie, Fl 33452 800KJ~.1 Pi6E~~~J ( ALI (Address) (Signature) ~n 4-0497-000 Rev. 7/79 DocuNatar~r Stal~pi 1s the ii0Y1t O>~ =l~. j0