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Home My WebLink About0586~.~ ~'~ SIMPLE INTEREST E~i~~ PROMISSORY NOTE PROPERTY RELATED ~ el ;~~ January 16, ~ FOR THE VAIUE RECEIVED, the uruiersigned (and if more than one, exi~ of them jointly an~ seve~allyl, P~om~ses to pay to the oraer ~f Sun Bank of St. Lucie County, Ft. Yierce Ftorida, the principal sum ~.lmovnt Financed designated 'txlow, togethe~ with Finance Charges from the da~e he~eof at the A~nual Percentage Rate designated ~e~uw per annum on the fuli amount of said principal sum -emain:ng from time to time unpaid, payable in instatlments as hereinaiter t+ovided, together with costs a~d expenses of collection arw reaso~3b!e attorneys' tees, includinq costs, expenses. and reasonable attorneys' fees an appeal, if coltected by legal p~oceedings ~x through an attorney at law. All payments made hereunder will be crrd~ted first to interest a~d iarrfut charges then accrued, and the remain~+er, to principal. 1. Proceedsof Loan $ 11 ~3'~4~Q7 (1) 2. Inwranc? (inC:ude only if premwm financed hereunder - spec~fy types of co~erage and state prem:um for each) 3. Offic~al Feas~ Recording S ~4..QQ Intangible Tax S ~7 _ ~7 Documentary Stamp Tax $ 20. 40 Qcner Charges: Idescnbe? Title Insurance 86. 25 '~a~i Sram~ &~al $ 4 _ Qn S n~a (2) Total Officiai Fees S ~ ~? _ ~ ~ (3? 4. Gedit Life andlor Disabitity Insurance Premium (Itemized belo~v) $ 2.037, 67 ~q) 5. AIVlOUNT FINANCE~ (l + 2+ 3+ 4) • S 13.534.76 (5- 6. FINANCE CHARGE l~nte~est ontyl -' S 2,139.64 (g) 7. TOTAL OF PAYMENTS (5 + 6) S 15 .674. 40 (7) 8. Yo-~r ANNUAL PERCENTAGE RATE ~s ~_no %(81 Tne a4~ove TOTAL OF PAYMENTS shall be payable in 120 monthly ~nstallments of $ 130. 62 each, on ,;~e 15th~ay of eoch wccessive month commenceng on Fe~yar;f 15 .~ , 19 81 . The unders+gned promises to ;~~~ iate charges not to exceed 59'oof the amount of any payment or payme~ts in default. ACCE IERATlO~~-tn the eveni any installment ot principal and interest ~s not paid when it becomes due, or the happening of any ~.ent of d~iau(i, or ,r- the event of the death of any maker, endorser w guarantor hereof, the princ+pal sum (AMt7UNT FINANCED) ~-~n,~~iing unpa~d hereundrr, togetner with all accrued and past due ~nterest, plus the credit investi3ation fee itemired above, less any •-:,ates requ~red by :ur~, sha~~ :mmediately and w;thaut notice become dux and payable at the electiQn of the hotder at any Ume ?~~ereaiter. Tfi-e ima~~ts r~ferred to ai~o+e have beer. cbmputed upon ihe assumptio~ that afl instaliment payn~ents will be made on tha --spect~ve schr~iuied due daies. ThP F ItVA1CE CHARGE is impos~d on the unpaid outstanding balance of the AIAOUNT FINAfVCED_ ~~ any insta.:ment s not paid in fuil on such due date the undersigned w~tl be obiigated to pay such~ ~UOnal amounts as may become :.~tiabte by reason of the cor.tinu~ng acc~~af of FINAtJCE CHARGESat the ANNUAL PcRCENT~iGE RATE designated above. Any •~ sui;~zg char~s accruing on account of faiture to make timety poyment on ihe due dates will cause increases in some of the amounts .•~:~gnated abo+~, and such aggrega;e ir~crease shalt be payab:e at the time o~ the ~ast installment if such charges do not cause the ;^~oun; of the ~ast insialiment to exceed tvrice the amour.t of the designated monthly installment, otherwise the resulting charges :~aif cause the number of payments to be exiended, Frovided, ho~.ve•.e:, that no such pxtended :nstallment payment shall exceed .:.:ce the amo::nF of ;hP designaied nien;hiy ~~stallments. Any insta~lmen; payment made prior to any due date or dates, or any ; repayment, ..:!! ca,,se ciecreases +n some ot the arno~nts designated above for tne reason ihat the unpa~d outs*.andang balance of the ~':!OUt~tT Ft[vAivCED ~:.i: be red~ced and ~he ANNUAL PERCEP:TAGE RATE desi~nated above is applied to such reduced out- s,and~ng ba~ar.ee. T~e urderi~g:~ed has tne r~gh~ ?o prEpay this ~ndebtedness, in whofe or in part, without penalty ~t any time upon the payment of accrued F IiJAP:CE CHARGES to :he daLe o` prepayment, proy~ded, ho.vever, that any partia~ prepayment of prncipa~ shall be aoplied ~o ;he ir.siallrne~t or ins:allments of p: ~nc~pal last maturi:zg here~nder_ Upo~ prepayment, the undersigned shall obtain a refund af °•,e: unuseQ ~:o+ron of ihe credi: ~ife and;or disab:lity insurance przm:um inctuded ~n the AMOUNT FINANCED computed under the Sum of the D~g~tz" ("Ru~e ot 78"- mCthod. PROPERTY I~iSURA(V~E, if written in connection w+th this toan, may be obtained by the undersigned through any person of his _r~o~ce. Such msurance ~s n~t avaiiable thrcugh the above named bank. CREDIT LIFE AND:OR DISABILITY INSURANCE IS VOLUNTARY AND NOT RE~UIRED FOR CREDIT. Such Insurance ~orerage ;s ava~table at the cost des~gnaLed below tor the term of the credit. Ftorida law requires that before any credit life ~nsursnce •-:ay be sold, the cred~tor must adv+se the borrower that he has the option of assigning any othe~ po~~cy or policies the debtor owns or -~ay procure for the purpose of covering sa~d loan and borrovrer is so advised. () Credrt L+fe Insurance ( Insured No. 1) S (.) Ge~it ~+fe and Disabitity fnsusance (Ins:,f~.d No. 1) S f~d Joint C{edit Life Insurance_ Brenda Bythwooci B D 4-7-47 S 2,~037 _ 67 () Jomt Credit Life and Disab:Iity Insurance AZ2en Bythwood BD 7-9-92 {Disabilciy o~ Inz~.:red No. 1 only) $ I,'We des:re the ir,surance covesare :ndicated above. j~~,~r ~P ,. _ ~ 1-16-8I ~~~G~. 1 ~~t~t•: "F' 1-16-81 ~-- (Insured o. 1) IDate) (Insur~d No. 21 (Date) SECURITY - this loon +z s~cured Cv a l.lortgaye of even date covering the following described property~ (Oescribe) ::iL-Fizst ~:tg.;;~e Soutii 5 feet o~ tne East 70.4 feet of Lot 2 and all of Lot 3, Washington Heigh 3cc. o a rec.• , . ~~5 ~~~, v, witn e un e:s~ nea ~ier~ y grants o i e.oldc~r a ecur;fy ~nterest in ar~y returned or unearned premiums from.any insurance fi- `~art~~r~he-~ n~~ley a ~acent ~~ ti:e k'est. Tne tdorigage w~l! secure fut~re advantes not to exceed S r./a Presentmen*., notice of d:shonor anti notice of no~-payment are hereby waived by each maker, endorser and oiher party to this ~o~, ond each of ;hem do hereby ~ra:re the right to be sued af:er default ~n the county of their residence_ The unders~y^ed atknovriedges rece~pt of a completed copy of this note on the abovr date. 9~~~n~r:1 i~t h S__ ~,t_ Pierce~ FL 3~950. (~d~re~~ 8~347 Pb~E 583 iAddress? ~~'o ., s-~ `~~.s~ ;si~(SEALI Signa(ure7Brenda Byth~ood .~ . -~~-'~`~ ~~~ (SEALI ISignaturelAllen Bythwocd 30497-000-7iiw.10/79 U::c, ~ta~; s ir. t::e amt, o: 52~.40 affixed to Mtg. €~ ~ = ,~- .~ ~~-' .p ~ ~ c,~.r.~; ~;w. ~_-. _ . -.. , -~~~:~