The URL can be used to link to this page

Home My WebLink About0931 . ~ ~ ~ t • ~ • • ' • t ! l ~ , r . ~ . ~ ' , ~ . . _ _ - - -1 ~'~s~ ~0~' , _ - i . SIMPLE INTEREST ~ PROMISSORY NOTE PROPERTY RELATED $ 9.977.20 . Jan. 24 ,19 $4 For value ~eceived. the undersigned (and if more than one, each of them jointly and seve~aliyl, hereinafte~ called j Maker, promises to ~pay to the or.der of s~~ ~k Qf St.Lucie C~unt~ (which, togethe~ with subsequent (NAME OF BANK) holders of this note, are referred to as "Bank") at its office at Ft.Pierce , Florida, the princi- ' pal sum of Ninetv-Nine Hundred 6 Seventy- ~ - Doliars (S 9-977.20 ~ ' with interest from the date hereof at the rate of 1•19 96 per annum on the full amount of said principal sum i - remaining from time to time unpaid, payable in 2 monthly installments of 484.66 each on the 23rd. ~y of each successive month commencing on Feb. 23~ ~g . The Maker promises to pay late charges not to exceed 596 of the amount of any payment o~ payments in default. All paymer~ts made hereunder shall be credited first to interest and lawful charges then accrued and the remain- der to principal. The Maker has the right to repay this loan, in whole or in part. without penalty at any time upon the payment of accrued and past due interest to date of prepayment plus a service fee in the amount of ihe lesser of $50.00 or 2 percent of the principal amount of this loan (Amount Financed), provided, however, that any partial prepayment of p~incipal shall be applied to the ~installment or installments of principal last maturing hereunder. The amounts referred to above have been computed upon the assumption that all installment payments will be made on the respective scheduled due dates. The interest is computed on the unpaid outstanding principal balance. If any installment is not paid in full on such due date,.the maker will be obligated to pay such additional amountsas may become .payable by reason of the continuing accrual of interest at the rate designated above. Any resulting charges accruing on account of faiture'to make timely payment on the due dates wilt cause increases in some of the , amounts designated above, and such aggregate increase shall be payable at the time of the last installment if such charges do not cause the amount of the last installment to exceed twice the amount of the designated monthly ' installment, otherwise the rewlting chargPs shall cause the number of payments to be extended, providing, howeve~, that no such extended installment payment shall exceed twice the amount of the designated monthly instaltment. Any installment payment made prior to any due date or dates, or any prepayment, may cause decreases in some of the amounts designated above for the reason that the unpaid outstanding principal balance wilt be reduced and the ~ interest rate designated above is applied to such redu~d outstanding balance to determine the amount of interest that is due. If the Bank deems itself insecure, or upon the happening of any of the following events, each of which shall constitute a default hereunder, all liabilities of each Maker to Bank shall thereupon or thereafter, at the option of , Bank, without notice or demand, become due and payable: {a) failure of any Obligor (which term shall mean and include each Make~, endorser, surety and guarantor of this note) to perform any provision.of the mortgage securing ' the repayment hereof, to pay interest hereon when due, or to pay any other liability whatsoever to Bank when due; (b) the death of any Obligor; (c) the filing of any petition under the Bank~uptcy Code, or any similar federal or state statute by or against any Obligor; (d) an application for the appointment of a receiver or the making of a general assignnment for the benefit of creditors by, or the insolvency of, any Obligor; (e) the entry of a judgment against any Obligor; (f) the issuing of any writ of attachment or writ of garnishment, or the filing of any lien, against any prop- erty of any Obligor; (g1 the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental authority; (hl ttie dissolution, merger, consolidation or reorganization of any Obligor; or (i) the ' assignment by any Maker of any equity in the real property securing this loan without the written consent of Bank. ~ In addition to the Mortgage securing this loan, the Maker hereby grants to Bank a security interest in all prop- ~ erty of each Obligor now or at any time hereafter in the possession of~Bank in any capacity whatsoever, including, but not limited ta, any balance or share of any deposit, trust, or agent account, as security for the payment of this ~ note, and a similar lien upon and security interest in all such property of each Maker as security for the payment of all _ ; other liabilities of each Maker to Bank (including alf liabilities of each Maker). ? The Obligors, jointly and severally, promise and agree to pay all Costs and expenses of collection and reasonable ~ attomeys' fees, whether incurred in connection with collection, trial, appeal or otherwise. ~ Presentment, demand, protest, notice of dishonor, and extension of time without notioe are hereby waived by each and every Obligor. : ~ Maker acknowledges reoeipt of a completed copy of this ~ge on the a ~ 1566 Minorca Ave. Pt.St.Lucie,Fl. 33452 ~ ~ A~ORESS SIGNATU Edit f te ~ 1566 Minorca Ave.Pt.St.Iucie,F1.33452 " r ~ ADDRESS SIGNATURE ~ Doc Stamps in the amount of $15.00 ixed to Irbrtgage ~ - ~o0 4~ rat~ ~i 3-W64~0048 N 7/82 ORIGINAL - Bank Copy YELLOW • Q~ttomK PINK - FiN ~ ' 1 . _ .~:.~;s _..e~ _