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Home My WebLink About1375 Doc. stamps in the amotu?t of $12.00 affixed to ttbrtgage deed. E~ SIMPLE INTERES# PROMISSORY NOTE ; PROPERTY RELATED September 24 , lg 80 No. FOR THE VALUE RECEIVED, the undersigned land if more than one, each of them jointly and severally, promises to pay to the order of Su_n ~n~of St_ Lurie County,- Fem. fierce ,Florida, the principal sum (Amount Financed designated below, together with Finance Charges from the date hereof at the Annual Percentage Rate designated t,elow per annum on the full amount of said principal sum remaining from time to time unpaid, payable in installments 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 law. 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 7 ,1_12.87 (1) 2. Insurance (include only if premium financed hereunder -specify types of coverage and state premium for each) g n/a 121 3. Official Fecs: Recording S 68.00 Intangible Tax S 15.94 Documentary Stamp Tax S 12.OU Other Charges: (describe) = Title Insurance $ 56.25 1 Total Official Fees S 152.19 (31 ~ 4. Credit Life and/or Disability Insurance Premium (Itemized below! S 702.50 lal 5. AMOUNT FINANCED (1 + 2 + 3 + 41 S 7,967..56 (51 6. FINANCE CHARGE (interest only) S 622.04 161 7. TOTAL OF PAYMENTS (5 + 61 S 8, 589.60 (7) 8. Your ANNUAL PERCENTAGE RATE is 3_00 96(81 The above TOTAL OF PAYMENTS shall be payable in~Q_monthly installments of S 143 _ 16 each, on •he 7dth day of each successive month commencing on nrtnhAr ~d , 19~. The undersigned promises to pay late charges not to exceed 596 of the amount of any payment or payments in default. ACCELERATION-In the event any installment of principal and interest is not paid when it becomes due, or the happening of any ~~1ent of default, or in the event of the death of any maker, endorser or guarantor hereof, the principal Burn (AMOUNT FINANCED) remaining unpaid hereunder, together with all accrued and past due interest, plus the credit investigation fee itemized above, less any rebates required by law, shall immediately and without notice become due aid payable at the election of the holefer at any time tt-ereafter. The amounts referred to above have been computed upon the assumption that all installment payments will be made on the •espective scheduled due dates. The FINANCE CHARGE is imposed on the unpaid outstanding balance of the AMOUNT FINANCED. any installment is not paid in full on such due date the undersigned will be obligated to pay such additional amounts as may b~:come n~vable by reason of the continuing accrual of FINANCE CHARGES at the ANNUAL PERCENTAGE RATE designated above. Any resulting charges accruing on account of failure to make timely payment on the due dates wilt cause increases in Borne of the amounts resignated above, and such aggregate increase 'tall be payable at the time of the last installment if such charges do not cause the ~rr+ount of the last installment to exceed twice the amount of the designated monthly installment, otherwise the resulting charges shall car:se the number of payments to be extended, provided, however, that no such extended installment payment shall exceed *.~.vice *,he amount of the desiynated monthly installments. Any installment payment made Drior to any' due date or dates, or any ;~repaymen*,, 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 AIJNUAL PERCENTAGE RATE designated above is applied to such reduced out- . sanding 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 FINANCE CHARGES to the date of prepayment, provided, however, that any partial prepayment of principal shall be applied 'I to the installment or installments of principal last maturing hereunder. Upon prepayment, the undersigned shall obtain a refund of - the unused portion of the credit life and/or disability insurance premium included in the AI410UNT FINANCED computed under the "Sum of the Digits" ("Rule of 78"? method. i PROPERTY INSURANCE, if written in connection with this loan, may be obtained by the undersigned through any person of his choice. Such insurance is not available through the above named bank. CREDIT LIFE AND/OR DISABILITY INSURANCE IS VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such Insurance 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 policies the debtor owns or may procure for the purpose of covering said loan and borrower is so advised. ( )Credit Life insurance (Insured No. 1) S 298.79 C/L E (xkCredit life and Disability Insurance (Insured No. 11 Jannie G. Ruffin . BD 2-14-47 S 403.71 A/H ( )Joint Credit Life Insurance a/k/a Jannie L, of f in $ ( 1 Joint Credit Life and Disability Insurance ~ (Disability on fissured No. 1 only? S I d ' e,.the~~ anr:e~over in~ed above. c.a.. / .GS 9-~4-80 ~ T/~ s Insured No. 11 (Date) (insured No. 21 (Date) I 1 SECURITY -this loan is secured by a Mortgage of even date covering the following described property: (Describe) ( City Imp ov mPn nan-Fi a Mor Ba9r' 63-009 The undersigned hereby grants tc the holder a security interest in any returned or unearned premiums from any insurance fi- € ;~anced hereunder. The Mortgage will secure future advances not to exceed S n!a Presentment, notice of dishonor and notice of nonpayment are hereby waived by each maker, endorser and other party to this note, and each of them do hereby waive the right to be sued after default in the county of their residence. ~ • The undersigned acknowledges receipt of a completed copy of this note on dal° 803 tI 25 h S 0 ~ SEAL t.. t_ Pierce, FL ( (Address) i (Signatur ~Sie G. Ruffin - a /a Jannie L. Ruffin ' (SEAL! {Address) (Signature) l i 3-0497.OOa7 Rrrr. 10179 P~~3`75 a . •