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HomeMy WebLinkAbout0955 ' . ~ • . ' . ~ . . • . , - . • . . ~ . - . ~ _ SIMP~E INTEREST ' PROMISSORY NOTE ' ' PRQPERTY RELATED ! 2~,982:46 - Feb. 2 84 . ,19 For valus reoeived, the undersigr~ed ( nd i re t e.~ f them jointly and seve~ally), hereinafier called ~~r, promises to pay to the order of ~"n o~~t~uc-ie GQounty ~~ther with subsequent • ' ' • ' (NAME OF 6ANK1 Pt.P~erce ?wlden ef this~ note, are ~~iis~red to as "Bank") at its offioe at , Florida, the princi- p~ wm of T~~'Seven Thousand.Nine Ruadred~Eigfitv-1~ 66/100 Dolla~s (~~~2-46 ~ with in~nest from the date hereof at the ~ate of 14 •~96 per annum on the full amount of said principal sum remainin~ from time to~time unpaid, pay~le in 120 monthly installments of ~ 447. bo 3rd day of each suocessive month commencing on _~tarch, 3 , ~g_ 84 , The Maker p;omises to pay late charges not_to exoeed 596 of the amount of any payment or.payments in default. ~ All payments made heteunder shall be credited fi~st to interest and lawful cherges then accrued and the remain- der to principal. The Maker has the right to repay this (oan, in whole or in part, without penalty at any time upon the payment of accrued and past due interest to d~te of prepayment plus a senioe fe~ in the amount of the lesser of - 550.00 or 2 peroent of the principal amount of this loan (Amount Financed), provided, how~ever, that any partial prepayment of principal 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 instatlment payments will be made on the respective scheduled due dates. The interest is computed on the unpaid outstanding principal bafance. !f any installment is not paid in full on such due date, the maker will be obligated to pay such additional amounis as may become payabte by reason of the continuing accrual of interest at the rate designated above. Any ~esulting charges accn~ing on account of failure to make time~y payment on the dus dates will cau9e increases in som~of the ~ amounts designated above, and such aggregate inc.~ea9e 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, othervvise the resulting charges shall cause the number of payments to be extended, proyiding, however, that no such extended installment payment shall exceed twioe the amount of the designated monthly installmenL Any installment payment made prior to any due date or dates, or any prepayment, may cause dec~eases in some of the amounts designated above fw the reason that the unpaid outstanding principal balanoe will be reduced and the ; interest rate desic,~ated above is applied to such reduced outstanding balanoe to determine the amount of inte~est that is due. ; If the Bank deems itself insecure, or upon the happening of any of the following events,, each of which shall f constitute a default hereunder, all liabilities of each Maker to Bank shall thereupon or thereafter, at the opt~on of ; Bank, without notice or demand, become due and payable: (a) failure of any Obligor (which term shall me~an and ~ include each Maker, endorser, surety and guarantor of this note) to perform any provision of the mort the repayment hereof, to interest hereon when due, or to 9a98 securing ~ PeY pay any other liability whatsoever to Bank when due; ~ lb) the death of any Obligor; (c) the~filing of any petition under~the Bankruptcy Code, or any similar federal or state ~ statute by or against any Obligor; ld) an ap~!ication 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 iswing of any writ of attachment or writ of garnishment, or the filing of any lien, against any prop- ~ erty of any Obligor; (g) the taking o~f possession of any substantial part of the property of any Obligor at the instenoe ( of any governmental authority; (h) the 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. E 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 pos~session of Bank in any capacity whatsoever, including, ~ but not limited to, any balanoe or share of~ any deposit, trust, or agent account, as security for the payment of thia 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 all liebilities of each Maker). The Obligors, jointly and 9everally, promise and ag~ee to pay all ~osts and expenses of collection and reasonable attorneys' fees, whether incuRed in connection with collection, trial, appeal or othervvise. Presentment, demand, protest, notice of dishonor, and extension of time without notioe e by each and every Obligor. Maker acknowledges reoeipt of a campleted copy of this Not and mortga on the above . 6015 Yucca Dr.,Ft.Pierce,Fl. 33450 - . AODRE8$ SIGNA RE y . r 6015 Yucca Dr.,T+t.pie~cce,Fl. 33450 ~ ~ ~ ADDRE~ SI NATURE se . es to Doc Sta~ps in the amount o~ $42.00 Aff ized to Mortgage , ~ «,d - ~a~a ~ n~ ~ 3•Ot5M1~00O8 N 7/9~ ORICi1NAL - dsnk CoPI? YElLO1N - Gb~tan~r ~INK • FM~ ~ . , . ~ .