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SIMPLE INTERE~T
PROMISSORY NOTE
PROPERTY RELATED
~~~.~~-~3~y~~ M~~h ~2 .,9 8~
FOR TNE VAIUE RECEIVED, the undersigned (and if more than one, each of them jointly and seve~allYl. P-om~ses to pay to
~!~e o~de~ oi Sun Bank of St. Lucie County, Ft. Pierce , Florida, the p~incipal sum
Amount Financeci cfesignated Uelow~ tc~gether with Fi~ance Charges from the date hereof at the Annual Percen!age Rate desic,~-~ated
i~~+ow ~r annum un the full amount of said principal sum remaininy from time to time u~paid, payable in ins±allments as hereinafter
~~r~~vided, tc~gether with costs and expenses ot collection and reasonable attorneys' fees. including costs, expenses and reasonable
.~nurneys' tees on appeal, if colSected by legal proceedings or through an attorney at law. All payments made hereunder will be
craci~ted first to interest and lawful charges then accrued, and the remainder, to principal,
1. Proceeds of Loan $ 9., ~[~~ _ O~ (1-
2. Insuran~a (include unly if premium financed hereunder - specify types
of coyerage and state premium for each)
3. Official Fees:
Recordin9
Intanyible Tax
Uocumentary Stamp T~a
Other Charges: (descritxl
:itie Insurance
$
S n/a 12)
S 25,00
a 20_00
$ 15.15
71.25
Totaf Official Fees S 131.40 (3)~
4. Credit Lifie andior Disability Insurance Premium (Itemized t~elowy $ 869.04 i4i
5. AMOUNT FINANCED (1 + 2+ 3+ 4) ~ l0~OG0.49 (5)
6. FINANCE CHARGE (i~terest only) S 1~$86.76 l6)
7. TOTAL OF PAYMENTS 15 + 6) S 11, 587, 20 (7)
8. vou- ANNUAL PERCENT~IGE RATE ~s ~ 3_0~ 9~;~g}
The above TOTAL OF PAYMENTS shall be ~ayable in Z20 monthiy installments of $ 96.~6 each, on
'. ~~11Lh__day of each successive month commenc~ng on Aaril 11 , 19_~,. The undersigned promises to
;~a~, late charges not to exceed 596of the amount of any payment or payments in default.
ACCE LERATION-In the event any installment of principal and interest is not paid whe~ it becomes due, or the happening of any
~.~•-~t uf default, or in the e~ent oi the death of any maker, endorser o~ guarantor hereof, the principal sum (A}WOUNT FINANCED)
•~~,,.,ir,ing unpaid hereunder, together with ait accrued and past due interest, plus the c~edit invesiigation fee itemized above, less any
~.•:~~t~s reqwred by la:v, shall immediately and without notice become due and payable at the election of the hotder at any time
~~ ereafter. ~ '
The amounts referred to above have been computed upon the assumption that all it~stallment payments wili be made on tha
~•;~>ective schedule~i due dates. The F INANCE CHARGE is imposed on the u~~paid outstanding balance of thc AMOUNT FINANCEO.
~• .:r:y instaSlment is not paid in full on such due date the undersigned will t~e ob!igated to pay such additional arnounts as may become
;,y~i~le by reasc,n of the continuing accr~ai of FINANCE CHARGES at the ANNUA~ PERCENTAGE RATE desiqnated a~ove. Any
•,~_~1t~ng charyes accruinq on account of failure to make t+mely payment on the due dates will cause increases in some of the amounts
:t~_~~nated abuve, and such aggregate increaze shall be payabfe at the t~rne of the tast insta!lment if such charfles do n~i cause the
,: nuunt of the :ost installment to ezceed ttvice the amount o! the desigr~ated monthty installment, otherwise tha resulting char{~es
~..,I~ cause the number of payments 2o be ex;ended, prov~ded, however, that no such extendecl installment payment shall exceed
.•.~~N the amount of the designated monthiy installmenU. Any instailment payment made pr:or to any due date or dates, ar any
;~r,~c~~yment, wili cause decreases in some of the amounts designateci atx,ve for the reason ihat the unpa~d outstanding balance of the
"-".1~.lUNT FINANCED :vill be re~iuced and the ANNUAL PERCENTAGt RATE designated above is applied to such reduced .;ut-
,~a:~ding ba!ance.
The undersigned h3s the ~ight !o prepay th~s ~ndebtedness, in ~vhole or in ~art, without penalty at any time upon the payment of
.: ~ r~ied FINANCE CHARGES to tne datz of prepayment, provided, howevrt, ihat any partial prepayment of princ~pai shall be applied
~.. the installment or +nstaltments of pnncipal last maturing hereunder. Upon prepayment, the undersigned shall obtain a refund of
•r.~~ ur~used portion of the credit life and/or disab~,ity insurance premium ~ncludeu in the AMOUlVT FINANCED computed under the
':;um of rhe Digits" ("Rule of 78"1 method. •
PRO~ERTY tNSURA~CCE, it :vritten in con~;ect;on with this loan, may be obtained by ihe unders~gned through a~y person of his
•~v:ce. Such ;nsurance is n~t available through the above named bank.
CREDIT IIFE AND%OR D{SABIIITY INSURANCE fS VOLUNTARY AND NOT RE~UIRED FOfl CREDIT. Such Insurance
,:verage is available at the cost designated belotiv for the term oE the credit. Florida law requires that before ar~y credi; life insurance
~..~y be sold, the credito~ must advise the borrorver that he has the option of assigning any other policy or policies the debtor owns or
~~ay procure for the purpose of coveriru~ saia loan and borrower is so advised.
~(x) Gedit Life Insurance (~~sured No. 11 Rachel F. Goodin BD 11-1-22 $ 369.04 C/L _
4} Cred~t Life and Disability Insurance (Insured Nu.
( ) Joint Credit Life Insurance
(? Joint Credit Life and Disability Insurance
{U~sability on Insured No. 1 oniy)
I^."~e desire ihe insurance coverege indicated above_
1I
~
j ~ Gc.~.~. ~, 3-12-s1
~nsured No. 1) (Date)
S
S
S ~'
~~,1
r. /a
(Inwred No. 2) (Date
SECURITY - thi toan is sect~red by Mortcage of ev ~da r g 1 P followin~des~r~bed~o{~er~~Descr be) ~
•.• lst 2dtg-Lot ~S, Bloc,c 1, r~OBi~'S and P~fOTT~:~~~i~ 5~~6, acc o e a~ reo~`, a,, recorded in
e undersigned here~iy grants to the holder a security in:erest in any returned or unearned premiums from any insurance fi-
~.-~.~ced hereunder.
7he fAortgage r,itl secure future advances not to exceed S n/a
Presentment. notice of dishonor and notice of non-nayment are hereby waived by each maker, endorser and other partv to this
~~o:e, a:~d each of them do hereby waive the right to be sued a(ter defau~t ~n the county of their residence.
The unders~gned acknowledges receipt of a completed copY of this note on above date. ~
I20~ Avenue Z, F~. Pierce, FL 33450 `~\ ~-"~`^' ~,~~'~D9"`'`~ (SEALj
(Adciress) (Signature) Rachel F. Goodin
(SEAL)
(Address) (S~gnature)
3-~1497-0oo-7Rw. to/79 ~~• Sta~^F~s in the amt. of $]5.15 affixed to Mtg.g{~~.~A P~~Mr•.~l
.
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