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Doc, stamps in the amount of $11.40 affixed to mortgage deed.
SIMPLE iNTEREST
PROMISSORY NOTE
PROPERTY RELATEO
tvo. January 2U ~g 81
FOR TNE VALI~E RECEIVED, the undcrsigned land if m~~e thar~ o+ie, ~~ach ol them jointly ar:,! sevcr~liyi, ~~orn~ses to pay to
the ordr~ oF Sun Bank of St. Lucie County, Ft. Pierce ,~forida, the pr~nci~l sum
1Amount Financed desig~~ated below, togethar with Finance Charqes from the clate hereot at the Annual Percentaqe Rate drsigr~ated
t,elow per annum on the fuii amount of zaid pr+ncipal sum remaini--g :rum t;mc to timc unpaid, payat~le ~n instatlments as hereinaiter
~~ravide<i, together with costs and expenses of collection and ~aasonabte attori-eys' tees, includ~ng costi, expenses and reasonable
auomeys' ires on appeal, if collected by legal proceedings o- through an attwneY at la~v. All payments made hereunder will be
cr~dited t~rsi to interest and lawiul charges then accrued, and the rema~n.!er, to pr:ncipal. •
1. Procee<fs of Loan g 6, 32 5, 00 ( ~ ~
2. Insurance (~nclude only if p-emium financed hereunder - spec~fy types
ot cove~age and state premium for each)
3. Ofticial Faes:
S n/a i2)
Recording 5 2Q.OU
Intangibfc Tax S 15, 19
Documentary Stamp Tax g 11. 40
Oti~er Chars~s: (descn~}
Title Ins. ~6.25/ Ii~s, on Fiome 22,00 S 78.25
Total Official Fees S Z?A • 84 (31
4. Crrdit life and!or Disability Insurance Premium (Itemized be~ow) S 1,143. 17 (q?
5. A1AOlJNT FINANCED (1 + 2+ 3+ 4) S i.593.01 ~5)
6. FINANCE CHARGE Gnterest on~y- S 1.200. 59 {61
7. TOTAL OF PAYMENTS i5 + 61 S ~, 793. 64 t7j
8. vour ANNUAL PERCENTAGE RATE ~s 3, o~ g6 ~g~
The at:ove ?07AL OF PAYMENTS shall be payabie in 12~ mOr~thly imta'Iments of $ 73. 2R each, on
the l~thifay of each suCCessive month commencing on I'e'brttarti~ 29 1g R1 , Thc unders~gnecs ~~romises :o
pay late charges not to exceed 5°/~oof the amount of any payment or ~~ayments s-~ c:efauft.
ACCEIERATlQN-In !he event any insta+!ment of principal and ~nterest is riot paid ~vtlen it t~ecomes du~, or the happeni~i~ of any
~•vrr;t oi drt,,ult, or in the event of the death of a~iy makc~, enciarscr or quardntun c~reUf, the p~inc;t,a; sur.~ ~AMOUi~lT FINANCEU)
re~m;;~nuig un~diJ hereunder, together wiih atl accrued and past due ~rierest, p~us the credit invesUgat:ai tee it~rrii:ed above, less ~ny
ret,~tes required by la~v, sha~l immed~ately ~nd ~vithout notice hecome due and payabte at tre elecuon of the holder at any time
ihrreafter.
TF~e amounts referred to above have been ~mputed upon the aisumptio~~ that ai! instaitment aayments r+iil be mad° G:i tF12
respectivr scheduled due dates. ihe FINANCE t. ~~RGE is imposed on the un~a~d outstandiny balance of the AMOUNT FINANCED_
lf ~ny :nstallmrni is noi paid +n full on such due cis'e the unclersigned ~•r~~f be ubi;gated to paY such add~iionat amounts as may become
p.;yablr by r~:,son of the continuing accrual of F INANC~ CHARGES at the ANNUAL PERCENTAGE RA7E designated above_ Ariy
r~;uiting cha~ges accru~ng on accouni of failure to make timely payment on the due dates will rause i~icrea,es in some of the amounts
~1e>~g=~ated at~o~e, and such aggregate increase shall be payable at the t~:ne of the lasi instatlment if such charges do not cause the
amouat of the last installment to exceed twice the amount oi the des~gnated monthly installment, other;~isa the resut;ing charges
~h,,ll cause the number oi payments to be extended, provicfed, horrever, tha: no such extended .nstaltmeni payment shall exc2ed
tv~ice !he arnount of the designated monthly instaltrtre~~ts. Any ;rtstallme~~t ~~e•~:»c•nt m,,dc prior to ariy due date or dates, or any
prepayinent, ~ri!! cawe decreases in some of the amounts des~gn::trd abuve Sur rhe ~eason that the unpa~d nutstandinq batance of ihe
APJIOUNT FItJANCED w~ll 5e fC~UCB(j and the ANNUAL PEP,CE~~TAGE RATE desigr.ated atw~e ~s ippl~ed to such reduced out-
sianding batance.
The unders~yned has ihe right to prepay this indebted ~ess, ~n ~vho!e or ~n ~~a: t, .•nthc,ut penaltti at a,~y Ume ;.spor the payment of
accrued FtNANCE CHARGES to the date of prepaymer~i, provided, h~.~e~:er, th~t ~ny part:al prepayr*,ent of {,r:n~: ;;;~! st~:all be applied
to ihe inslalimeni or sns:aiime~~ts of ~rincipal lait matur~ng h~reur,~fer. Upor: pre~a•;n;ent, ,he undrr5~y~~ed si,a;i obta:n ~ refund ef
the unused portion of the credit iife and,'or disability insurance pren~~um incwc:~~~i in the A!'.~IOUNT FtNAfvCEO campute~i under tfie
"Sum of the Oigits" l"'Rule of 78"! method.
PROPER i Y IrJSURANCE, if wrii[en in conr.ection rl+th ,his loan, m,iy !~e o.`~*a~nec} by the ;.~n:;er5iyrieJ Ih; ough ory pe:son of his
choice. 5:~ch i~~~urance is nct avaflabiE thfOU~t] the ab~~ve named bank.
CREOIT LtFE ANDrOR DlSABILITY INSllRANCE IS VOLUPJTAR'i AFdO NOT REQUIRED FO~ CREDlT. Such Insurarce
coverage is ava~lable at the cost c!esignated below for t~e term af the credit. Fluru:a la•.•~ rey~~re~ ;ha~ !,efore any credii li;e ~nsurance
may be svld, the creditor must advise ,he txxrower that he has the opt~on of ass~gn~r-~q any c~ther poticy or p~l~r_;P; the debtur pwns_or
may procurs far the purpose Uf cuvering idid io3n a~d Uorrotver is sc~ a~v~;ed_
( l Credit Life Insurance ilnsured No. 1) S
( 1 Cred:t Life and ~isabiii;y tnsurance Ilnsured No. 11 S
~C~Joint Gedit Life Insura^ce Aret};a Je:~}:ins ~:izc;stror.g B~ 7-3-36 $ 1. 243. i7
() Joint Credii Lile and D~sability lnsurance ~tk~t~t~t Arrtstrc: ~-~ E3D ~-20-3 i
(Qisability on Insured No. t only~ Ear~iest S
Ir1Ne desire the insurance coveraqe indicate¢ above.
i.!~~ I -ti.rst~'r"°J 1-2Q-81 ~ ~_~~%J2_~/'' `~ -20-81
nsured Na 1? / (Date'1 y (lnwred No. 2i (Date)
SEC RtTY - this ioan is secured by or e a} ve daI ~ r; thQ f Iluwi describe pro ;.rty: e cr -
:~-City o~ Ft.Pierce; .+ttg. Lot aZ , ~~c 1~, ~.I23PC~C~=~~3 ~,RK ~o. ~9 acc. ~o ~ne pq~~a~ ~ ereof, as
' ~J v L 1~•
~ e undersigned hereby giants to t~e holder a security interest in any re;urned or unear~iecl premiu~ns from any insurance f~-
nanced hereundrr.
The Morigage will secure future advances not to exceed 5 n~~~
Presentment, notice of dishonor and notice of non-payrt,~nt are hereby waived by each maker, endorser and ather party to this
nut?, and each of them do hereby sVa~ve the right to be sued after detault ~n the county of the~r resi~ence.
Tt~e undersigr~ed acknc~vle:fg>s receipt of a completed copy ot this note on the above date.
<~3?~ ?.eans Court, Ft. Pierce, rL 33450 ~~'ti~"y' tSEAL1
(Addr~~~47 ~ iSign~ re) Aretha .d'enkir,s Armstron<
BOnK PaGE ~i7 ,~ ~ ~~~sEA~-
(Ad~lress} 4S~q~aturelEr'r.est An~trong
30•797-OCMJ-7Rev.10,~79 Doc, Stamps ic~ the a:~'-. cf S11.4C arfis:eci to ~:tc~.
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