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Home My WebLink About2764~ . 3anuary 9 , . 19 81 No. , Doc. sta~nps in the amount of S21.75 affixed to mortyaye ~deed. ~~~:., . ~' ~~y ~ SIMPLE INTEREST ~~~ PROMISSURY NOTE PROPERTY RELATED FOR THE VALUE RECEIVED, the undersigned (and if more than o~ie, each of tliem jointty and severallyf, promises to pay to che or~fe~ 01 Sun Bank of St, Lucie County, Ft. Pierce Ftorida, the principal sum (An,uunt Financed Jesignated beluw, tc~etl~~bwit~i Finance Charges from the date hereof at the Annual Percentage Rate dosignated t~elow per annum on the full amount of said principal sum remaining froin time to time unpaid, payable in installments as hereinaftet pro-~drd, together with costs and expenses ot collection aixi reasonable atto~neys' fees, including costs, expenses and feasonable attorneys' tees un appeal, if collected by leg.~l proceedings or thro~~9h an at;orney at law. AI! payme~ts made hereunder will be c~ediced fi~st to interest and lawfu! charges then accrued, and the remainder, to principal. ~ 1. Pi oce~•ds of Loai~ S 12 , 000. 00 ( ~) ?. Insurance (include only if premium financed hereunder - sEMCify types of coverage and state premium for each) 5 n%a {2~ 3. Official Fees: Reco~di~g S 2~ • ~~ tr.tangible Tax , S 2g•gl Documentary Stamp Tax S 21. 75 Other Charges: (describe) Death Cert.1.00; Taxes 4,91: Homeowne:s Ins. 111,00; Title Ins. 89,25; S 20G.16 Total Official Fee~ 5 2~6• 82 (3) 1. C:edit Life an~ilor DisaUility Insurance Pren:ium (Itemired t,elo•r~) S 2.177. 14 (4? 5. A(~10UNT FtNANCED 1t + 2+ 3+ 4) S 14,453.96 {5) 6. FINANCE CHARGE ~interest onty) S 2.293.29 (6- 7. TOTAL OF PAYMENTS (5 + GI S i6,747, 20 ~7) 8. Your ANNUAL PERCENTAGE RATE is 3.00 9s,~g~ The ~t;ove TOTAL OF PAYMENTS sha~l t~e payable in 120 rti~nthly installrnents of 5 139, 56 each, on ch~~ Arhday o~ aach successive month commencing on Februarv S. , 19 81 The undersigned promises to ~,.~y tate charges nut to exceed 59bof the amount of any payment or payments in default. ACCELERATlON-In the event any;nstallment of principal a~d ~nterest is not paid when it becomes due, or the happening of any ~~Jent of default, o~ in the event of the death of any maker, endorser or guarantor hereo`, thc principal sum (AMOUNT FINANCED) •.~n~t~ining ui~paid hereunder, tugethe~ with all accrueKl and past due inte:est, plus the credit i~ivest+gation fee itemized above, less any ~•~bates reyuired by 1atv, shall immecliately :~nd without notice becosne due a~~d payable at the election of the holder at any time t'~ercatter. The amounts refer:ed to above have beerf computed upo~ the assumption that all installment payments will be made on tha ~~~pective scheduled due dates. 7he FINANCE CNARGE is imposed on the unpaid o~~tstanding balance of the AMOJNT FINANCED. !i ,,ny instatl~~ent is not paid in fi~ll on such due date the undersignecl will be obligated to pay such additionai amounts as may become ~,ayable by ~eason of the continuing accrual of FINANCE CHARGES at the ANNt1AL PERCENTAGE RATE designated above. My ~ r:•;ulting charges acccuing on account ot faiiure to make timely payment on the due dates wiil cause increasei in some of the amounts !~:y,ynated above, and such aggregate increase shall be payable at the time ut the last installment if such ciiarges do not cause the .:n,ount o4 the last instailment to exceed twic2 the amount of the designated monthly installment, otherwise the resulting charges :h~i1 cause the number of payments to be extPnded, provided, however, that no such extended-insta~lment payment shall exceed ...:ce the amount of tne designated monthly installments. Any instatiment payment made prior to any due date or dates, or any ,~repayment, ~vill cause ~iecreases in some of the amounts dez~gnated abo~e for the reason *.hat the unpaid outstanding baiance of tfie ~'.'UUNT FI~JANCED wil( be reduced and the ANNUAL PERCENTAGE RATE designated above is app~ied to such recluced out- :t~~~<ling balance. The undersigned has the right to prepay thss :ncle5tcdness, :n ~rhole or ~n part, :v~thou*, penalty at any t;me upon the payment of :.r,rued FINANCE CHARGES to the date of prepayment, prov~ded, hoviPrer, v~at ~+iy parUal prepayment of pr;ncipal shall be applied ':> the installment or installments of principal ,ast maturi~ig hereuncler. Upon pres~aymeni, the undersigne~+ shall obtain a refund of ~r,~ unused portion of the credit iife and/or disability insura+ice premium includ•~d in thQ A1~10UNT FINANCED computed under the 'Sum ot the Digits" Z"Rule ot 78'") method. NROPERTY lNSURANCE,'st written in conne~tion vrith this tcan, m.~y be obtained by the undersigned through any person of his c: ~uice. Such ~nsurance is not ava~lable through the above named bank. CREDIT LIFt AND/OR DISABILITY INSURAfVCE IS VOLUNTARY AND NOT REQU{REq FOR CREDIT_ Such Insurance ~erage is availa6le at the cost des~gnated below for the term ot the credit. Florida law requ~res that -~efore any credit fife insurance ~~ ~y be sofd, the creditor m~st advise the borrower that he has the option of assigning any other policy or policies the debtor owns or -,,,ti~ procure for th~ purpose of covering said loaa and borrov:er is so advised. i 1 Credit Ufe Inw~ance llnsured No. 1 f `/1„jfl' / S O C~edit Life and DisabiGty Insurance (Insured [~lo. 11 j S k~l Joint Credit Life Insurance S. T. Andrews BD- ZHZ¢ H% b 10-16-33S 2,177.14 t) Joint Credit Life and Disability Insurance Roberta Andrews BD j-2~3-46 ~ (Disability o~ Insured No. 1 only) S IIWe desire insura ce co erage indicated above. ~ _E~'~i~ 1 :-31 \ f.~~ 1-9-81 L (Insured o.ll (Date) (Insure No.2) 4Date1 SECURITY - this loan is secured by a Mortgage of even date covering the following described property : tDescribe) .•_y Loan-Improvement: 63-~09 Lot 24, Block B, SUZFti,'VNE PARK OR Book 8, Fage 13 St. Lucie Count} ='..:r~3a. The u~dersigned hereby grants to the holder a security interest in any returned or unearned prem+ums f~om any insurance fi- ~ : ~anced hereunder. The Mortgage will secure future advances not to exceed S n/a Presentment, notice ot dishonor and notice of non-payment are hereby waived bY each maker, endorser and other party to this ~~ote, anci each of them do hereby wai•re tl~e right to be sued a`ter default in the county of their residence. 7he undersigned acknowledg~:s recsipt of a completed copy of thit note or. the above date. /1 _ :4G9 ttorth 16t2i Street; Ft. t'ierce, FL 33450 . (Acldress) (~';ddressl 3-0497-000-7 Rev_ 10/~9 BOOK346 PAGE ir.) sam Andrews i~ ~ AL) '' ~ ~SEAL) tur~. T~ F+ndrews 5 S~AL) .