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Doc. stamFs in the amount of $39.90 affixed to the ~
,.,.., Mortqage deed.
SIMPLE INTER~ST
• PROMISSORY NOTE ~
PROPERTY RELATED
No. ~.~__ _ FSarch 4 ~g 81
FOR THE VALUE RECEIVEU, the undars~gr~ed (and if mo~e than ana, each of them jointly and severally), promisas to pay to
the ade~ of Sun ank pf St. Lucie . Ft. Pierce ;~-v~;va, ii~r N~inciNai sum
(Amount Financ~d Jesignated l~lotiv, together wrth Finance Cha~g~s irom the date hereot at the Annual Percentage Rate designated
Ix;low per annum on the tull amuunt uf said principal sum remaining trom time to time un~~id, payaGle in instaUments as hereinafter
pr~videa, tcx,r.~ther with costs and ex~x:nses oi coltection and reasonable atturneys' fee.K, including costs, ex~nses and reasonable
8~iO111P.y5~ ~C4S Ofl appeat, if collected ~Y ~~1 proceed~n45 O( throun+~ an atto.n,=v 3T ~aW ~k1f .~~vmr+..i. ~~.in ht.+n.~.+~~' :~:~~ y~
crecf~ted tirst to ~nterest and lawfui charges then accrued, and the remaineler. ta Qrinc~pal_
1. P~oceedsof Loan g 3F;,25~,00 (1)
2. Insurance (include only if premium tinanced hereundci - speci(y types
of cuvarage and stat~ prem~um tor each)
• s tt/a (21
3. Offici3l Fees:
Recocding g 18.00
Intang~ble Tax $ 53~
Uucumenlary Stamp Tax $ 39. 90
Othzr Charges: idescritx-
Title I-zsuronce S 195.00
Total Otficial Fees 5 ~6~ ~~ ~3)
4_ Credit Life and/or Qisability Insurance P~emium (Itemiced t~low) S i~~a iA)
5. AA~OUNT FINANCEU I1 + 2+ 3+ 4) g 26,556.01 t5y
6. FINANCE CHARGE (interest only- S 11. 349. 59 (61
7. TOTAL OF PAYMENTS i5 + G) $ 3~ 905. 64 (7)
8_ Your ANNUAL PERCENTAGE RATE is 15.00 9o~g~
The above TOTAL OF PAYMENTS shal! be payable iib~ monthiy installments of S 631. 76 each, on
the 3rd clay ot each su~cessive mortih commencing on April 3 ,~g 81 . The undersigned promises to
pay late charges not to exceed 596of tt~e amount of any payrnent or payments in default.
ACCELERATlON-In the event any instaliment ot principat and interest is not paici when it becomes due, or the happening of any
event of defa~lt, or in the event of the death of any maker, endorser or guarantor hereof, the principal sum (Al.10UNT FIt:ANCED!
remaining ~npaid hereunder, together with all accrued and past due +nterest, plus the credit investiyation fee itemize~ atove, iess any
rebates requi~ed ir~ law, shatl ~mmediatety and ~vithout notice become due and payable at the efeet:on of the holder at any time
there:after.
The amounts -eferred ta above havc been computed upon the assumption that all installment payments wilt be made on tha
respect:ve scheduted due dates. The FtNA(~:CE CNARGE is imposed on the unpaid outstanding ba{ance of the AMOUNT FINANCED.
lf any installment ~s not paid in full o~: such due date ihe undersigred will be obligaied to pay such addit:onal amounts as may become
~-ayabie by reason of the cont;r;uing accruas of FINANCE CNARGESat itie ANNIUAL PEflCENTAGE RATE designated above. Any
resulting charges accruing on account of tailure to m~ke timety paymerzt on the due dates will cause increases ir, some of the amounts
Jes~gnated abuve, an~i such aggregate incr~ase shall be pay~bie at the time of th2 fast installment if such charges do not caus~ the
amoum oi the lait ~nstalfinent to exceed twice the amount of the des~gnated monthly insta~tment, otherwise the resultinq cha.ges
sliall cause the nurt~ber of payme~~ts to be extended, provided, hotivever, that no such extendeti inctattment paycnent shali exceed
tvr~ce the amount of the das:ynated mun:hly instaUments. Any inst~llment payment maJe prior to any due date or dates, or any
prepayment, tivill ~a«se dccreases in s,~m~ of tt;e amounts des~gnated above for the reason that the unpaid outsta~ding baiance of the
A1AOlfNT FIfVAiVCED •.v~t1 be reduc~~J and ihe ANI~UAL PEflCENTAGE RAIE dcsiynated at~ove is apPlied to such reduced out-
standing bafance. ,
The .indersigned -~~s tt~~ nyht to S~~epay ihis iri~ebtedness, ~s~ ~vhulc ar in ,3art, v+~thout penalty at any lime upon the payment of
accrued FIlVANCE CFiA~GES to tne date of prepayment, prov~ded, ho~vever, that ar~y partial prepaymeni ot pr~ncipal shall be appiied
to the installment or insta(Imenis of princ~pal last maturing hereunder. Upon prepayment, the undersigned shal( obta~n a-e'~nd of
t~e unused portion of the credit life anci,'or d~sabifity ~nsurance premium included in the AR~OUNT FWANCED computed uncfer the
"Sum of the Digits" ("Ruie of 78") method.
PROPERTY iNSURANCE, if writ[en in cannectior~ evith this la.:«, may be obtained by the ur-dersigned through any person of his
choice. Such insurance is not available through tt-e above named bank.
CRE~IT LIFE AN~iOR DISABILITY INSURASVCE IS VOLUNTARY AND NOT REC2UIRED FOR CREDIT. Such Insurance
roverage is available at the cost designated below for the term of the credit. Ftorida law requ~res that before any credit iife insurance
!Tl3Y be soid. ttie cseciitnr R1ttSt ac4uicw thn ~.~rrn~yar sh~t ha fi~~ ?ha ~rn,::~~; v( ~++;y;;; ;y o;~y ~j,i$i Nv~~~Y ~~ Nv~~~-~r~ <<~C (7CU:Uf O~Y!15 Of
may procure for the purpose of covering said loan and borrower is so advised.
( 1 Credit Life Insurance (Insured No. 1) U19~~ S
1 1 Credit Life and Disabii:ty i~surance (Insured No. 1) r+/a S
() Joint Credit Life Insurance 1981 HAR "5 ~~ 28 S
O Jomt Credit Life and Oisability Inzurance
(Disabiiity on insured No. 1 only) FI~(;C IAC F~Cppp~ n s
I,'~Ye desire the inwrance coverage indicated above. S ROGER P01~~ RAS ~~
CIERK CIRr~t r~1 pRT
n/a j' n/a .
_~'~::.8:.:! _ : : _ ~~(~
(Insured No. 11 (Datel Hr~suced No. 2) ~ t~~te1
SECURITY - his lo n i seC ir s rt ev v th f I i d ri ribei
= ->r ~t~ ; . Lots ~ an~ 1~ b~~~~c~~~ ~~3~t s~~~~c~~tY ~4'~ft4, ~a ~ `~ ~~~'~~'~'PtK.~ ,_b~
i t n .,t. 7~~}e--~-r~' , ` ~ , ~ ~r i ri ~
~cv-~r $~. ~
The undersigned hereby grants to the holder a security ~nterest in any returned •o~ unearned premiums from eny ;nsurance fi-
nanced he:eunder. ~ ~ ~
The Mortgage v,~lt secure future ad~~ances not to exceed S I1/a
Presentment, notfce of dishonor and notice of non•payment are hereby wa~ved by each maker, endorser and o*her partY tu ;hi;
note, and each of them do hereby warve tt;e right to be wecS after defautt in the county of their res~dence.
The u~dersayiled acknorvVedges rece:pt of a compteted copy of this note on the above date. '
/s/ Jame . Fe ti ~ •
1100 r leetwood Lar.e, r^t.Pi.erce, FL 33950
A~i
~ (Ad:lressl (Si ature) es V. F'erranti
/s/ C hering ~ er ti ,
~ - ~ ~ ~- ~~ • (SEAL)
(Address) ~ (S~gnaturel Catherine R. Ferranti
~ 3-0t9~-000-7 Rev. 10/79 h ~~~~~~ ~~f~~~
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