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Doc. stamps in the amount of 511.25 affixed to mortgage deed.
~`- •.
~~~~~ , SIMPLE INTERE$T
E~;~,j; PROMISSORY NOTE
PROPERTY RELATED
e<<
No. January 22 ~g 81
FOR THE VALUE RECEIVED, the undersigned la+~d if mo~e than one, cach of th~m iointly and severally), p~omises to pay to
it~e order of Sun Bank of St. I.ucie Countv, Ft. Pierce Flcrida, the principal sum
(Amount Financed design;~ted befo~v, together with Finance Charges irom the ~iate hereot at the Annual Percentage Rate designated
t~e:urv per annum on t1,e fu11 amount of s~~d principal sum ren-a~~~ing from time to time unpaid, ~~ayabte in installments as hereinafter
E•rovided, together with costs and expenses of colleetion and reasonable attorneys' tees, including costs, expenses and reasonable
atcomeys' fees on appeai, if colfected by le~~l proceedings or through an attorney at law. AII payments made hereunder will be
credited first to interest and lawful charges then accrued, and the remaincser, to principal.
1. Proceeds of Loan $ G. 711. 39 ( ~)
?_ Insurance ~include only if premium financed hereunder - specify types
of coverage a~d state premium for each)
S n~a (2)
3. Official Fees:
Recording g 21.00
Intangible Tax ~ $ 14. 93
Documentary Stamp Tax $ 11. 25
Other Charges: idescribe)
Title Insurance s SG,25
Total O(ficial Fees S 103.43 (3?
A_ Credit Lifc andlo~ Disability Insurance Premium (Itemized beiaw} $ 64R. 54 (q)
5. AA;tOUNT FINANCED il + 2+ 3+ 4) $ 7.463. 36 (5}
6. FINANCE CHARGE iinteres. on~y; S 1.183.84 (6)
7. TOTAL OF PAYMEfJTS (5 T 6- S 8• G4~ • Zv ~~r
8. Yo:~r ANNUAL PERCENTAGE RATE ~•~ ~3. ^vo ~;, (8;
~~he above TOTAL OF PAYA~IENTS.shail t,e l~ayable in 120 ,n~r;*,hty ~~„~:,~L•f1~:t~',S Of S?2_Jr- - ~3C~, Utl
:i~•~11st day uf ~ach successive ~nunth commercin_r, on F~~~Y~:3r'! --1 1y `~~ . 7i~e ur~ur;iiqned {~romises Io
pay ~ate charges not to exceed 53oof ;he amount of :,ny payrnernt c,r p~Yments in cir_t;uit.
ACCELERATIGN In the event any inztatlment of priricipal ~nd interes; :s riot pa:~ when i! becomes du~~, or t!}e haa~~enir;g of any
~~Yent of default, or in ihe event of ihe d~:ath of any make~, en:iorser or yuar~nton c~reof, [he princij:at sum 1AG"OU~~1T FtNA~1CE01
ren~a+ning unpa:d hereunder, together ,~~tn ali accrueri and ~~ast :f;~e ~nt~rest. ~~~.i~ the credit ~n:e~t:gat~a~~ fe~ ite;nir?d above, less ariy
:ebaics requ+i~:d by ia:•,, sha11 im~neci~ately and \VIThOUi noUce become du~ ~::d payab~c at thc election o` the h;;Irle~ aC any time
thereratter.
Tt~e amounts referred to alwve have ueen com~uted uu~~~ ttze assump;.o:~ th.3t all installment payments vriit t~ made on the
re;pective ;r.t~~Kiuled due daces. The F INANCE CHARGE is imposed on the un~~a~d o~~tsiand;ng baiance of the A!;lOUNT FltJANCEO.
if a~y instaHment is ~.ot c~id in ful! on such due date the w~iiersig.,~•d :•~itl -;e of~Ie<~~ted to pay such add~t~on~t amounts as may become
p:,yable by re~son of the c~.ntinuiny accruat of FINANCE CHr;RGES at the AP~i~UAL PERCENTAGE RATE des~y:~ated above. Any
resulting charges eCCru~ng o~~ account of fa~ture to make tirnely payment on the due dates tiv~fi ca::se ~ncreases in some of the amounts
~ieiignated above, and such aggregaie ~ncrease shall be payat~le at thc t~me oE the last insta~!men: if such charges do not cause the
a~nount ot the tast installment to exceed twice the amouni of the desiq~ated r~cnthly instailnient, othenvise the resuiting charges
sh~ll cause the number of payments to be extended, providec:, however, that no such eztended installment payment shalt exceed
t~~ice the amount of the des+gnated monthly installone;its. Any ~ns[a~lment peycnent mad? priur to any due date or dates, or any
;>repayment, vn!I cause decreases in some of the amounts dzs~ynated alwve tor the reason that the unpa~d outstand~ng balance of the
A~,AOUNT FINANCED .vill be reduced and the ANNUAL PERCENTAGE RATE designatecl atx~ve is appf~ed to such reduced out-
~tanding ba~ar:ce. ~
The undarsi~icd has the ri~}ht to prepay th~s +ndebtedn?ss, ~n who"e or in pari, :~i;houi penalty at any Ume uFon the payment of
accrued FINAPJCE CHARGES to the date of prepayment, prov~ded, however, that any partial prepayment o* pr:ncipal shatl be appiied
io the installment or ~nstallmenu of principal last mat~ring hereunder_ Up~n A~EPayment, the undersigned shail obiain a ref•:nd of
•'~e unused portion of the credit Gte andior disauility insurance premium included in the AMOUNT FI~~Af~tCEO cemputed under the
"Sum of the Digits" (""nule of 78") method.
PROPERTY INSURANCF, if written in connection with this loan, may l~e ob.ained by the undersigned ihrough any ~erson of his
choice. Such ~nsurance is ~io: available through the above named bank.
CREDIT LIFE A(VDiOR D~SABILI7Y INSURANCE IS VOLUNTARY AND NOT RE~UIRED FOR CREDIT. Such Insurance
coverage is availabfe at the cost designated tieluw for the term of the credii. Florida la~v requires thai before any credit life +nsurance
rnay be sold, the crerlitor must adv~se the i~orrower that he has the option of -as,ignin~ am~ uther poiicy ur pclicies ~he debtor u~rr~is or
~nay procure for the purpose of covering said loan and borro~ver is so aclvised.
(~iCredit life Insurance (lnsured No. 1) Ja~~~~C ~'~:~::~s `~~ ~-2~~ ~~ $ C=:~;. `~_
( 1 Credit Life and Oisabi:i;y Ins~ra~ice (Insured No. 1) 5
(- Jo~nt Cred~t Life Insurance - S
4 I Joint Credit l.ite and D~sability Insurance _
(Disability on Insu~ed t~o. 1 only) S
I~'VJ esire the insurance coverage ind~cated above.
/• ~~~ __-~~}~c~--~-22-~~ n/a ~
Insurecl~ 1) / (Date) (lnsured No_ 2) IDate)
- ~ECURITY - th/s ioa~ is secured by a hlo~tgage of even date cover~ng the following described properiy: (Describe)
•:~r.,Citv Loan- Startinq _from the SE corner of Sect.4 Twnshp 35 ~' R~- ~SO ~, run Sr' 132C! Ft; thenc~
~-T~ie unaerfigned-her by rant~ to the hoider ~ u ty
tc~~~~~'eun~'~. ~ 13~ f t~; _ t~-ence run . ta ~~ ~t ~
recorded in th~ Public Recorc
The Mortyage w~ll :ecure future advances not to exceed 5
'-~i -tere ~in re um r unear~ed premi f o an in ran fi-
`~o ~~e ~'~in~ o~ ~eq , as per `~`a~ `~he~eo~', ~~
s of St. I.ucie County, Florida.
n/a .
Presen!ment, notice of dishonor and ~otice of non-payment are hereby wa~ved 'oy each maker, endorser and other party to this
nute, and ea^h o( them do he~eby waive the righi to be sued after detault i~ the county of their residentc. ;
The undersig:ied acknu~.v!edges rece~pt of a~ ~pleted topy of this no2e on th above. date
~ ~ gues
1~24 Avenue G. F~. Pier~,~ '~ ISEAL)
l Addressl ~~R P~ / / g igna rel ;.; ~ _- :. _ . , , j
~QiM• s J ~ s%R j ~}~es %?i ~'~_ --
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