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HomeMy WebLinkAbout2641 H(1\1F: 1:~1PRC)YI:~1f :~T :/~f~ • ~ _ ~ PROMiSSORY NOTE May 16~ 19?5 \o. ~ _ . 19 F~R VA{.4E..~~F~f1Q. ~~~~si~~f~n~~ t~.c~t, each of them jointly and severally), ptomiscs to pay to thc order of • _ , Florida, the principel sum (Amount Financcdl dcsiRnateci bcluw, tog~~her with Financc Che~ges from the datc hereof at the Annual Percen~nge Ratc dcsignated bclow per annum on the tull amuunt ot said principal suin r~maining from time to.time unpaid, payable in i~stallments as hercinefter provideci, togelher wllh costs of collec- tion, includi~g a rcasonable attorney's fee if collected by legal Qroceedings or Ihrough an ettorr~ey at lew. Alt payments made hereunder wiil be + credited firat to interest end lawful charges then eccrued, and the remeinder, to principal. l. Proceeds oi Loan _ _ <<~ 2. Insurance (include only if premium financed hereundtr-specify types ot ~ ' coverage and state premium for each) _ _ ~ ~ . ~ (2) - 3. Officiel Ftes: _ ~ Recording ; , ~ Intangible Tax - S ' _ ~ Docume~tary Stamp Tax - f - Othcr Chargos: - - _ - . , ca..~~e.~ 6~1}g ~ Total Official Ftes ~ . ~ ~3) • . . . 4. Crcdit Life lnsurance Premium (4) • - S. AMOUNT FINANCED (1 + 2+ 3+ 4) ~ i S) . . ~ ~ 6. FINANCE CHARGE (interest only) . f -(61 7. TOTAL OF PAYMENTS (5 + 6) ° - - . - i ~ ~ ~ - - - 8. Your ANNUAL PERCENTAGE RATE is `~+(8) 6Q 88•~7 'Cjt~~ove TOTAL OF PAYMENTS shall be payablc in monthly installments ~ each. on the day of each successive month commencin~ on, ~ . 19 . , ~ ~ The amounts referred to above have been computed upon the assumFtion that all instaltment payments will be mado on tht reapective uhed- uled due dates. The FINANCE CNARGE is imposed on the unpaid outstending balence of the AMOUNT FINANCED. If any instaltment ia not ; paid in ful! on such due date the undersigned witl be obligated to pay such additional amounts as n~ay becomo paysbk by reason of the conttnu- i ing accrual of FINANCE CHARGES at the ANNUAL PERCENTAGE RATE designeted above. Any resulting charges accruing on acco~unt of ; feilure to make timely payment on the due dates will cause incrcases in sor.~e of the amounts designated above, and suc4 aggrtgate incresae ~ball be payable at the time of_ the last installment if such charga do not ceuse the amount of the last in~tallment to excad twice the amount of the ~ ~ designated monthly installment. otherwise the resulting charges shell cause the number of payments ta be extended, provided. however, that no such extended installment payment shall exceed twice the amount of the daignated monthly instellment. Any installment payrmnt made ptiot . _to any due dete or detes, or any prepayment, will cause decreases in some of the amounts designated above for the reaaon that th~ unpaid out- " ~ standing balance of the AMOUNT FIr~ANCfD wiil be reduced and thc ANNUAL PERCENTAGE RATE daignated ~bove ia applIed to:uch ~ ~ ~ reduced outstending belance. . ~ - . - The undersigned has the right to prepay thia indebtedness. in who!e or in pert, without penalty at eny time upon the payment of accrued j FINANCE CHARGES to tha date of prepayment~ provided; however, that any partial prcpayment shell be applied to the installment or install- ~ i ments of principal 1$st maturing hercunder. Upon prepayment. the undersigned ahaU obtain a retund of the unused portion of the credit llfe . insurance premium included in the AM9UNT FINANCED computed under the "Sum of the Digiu" ("Rute of 78") method. . ~ PROPERTY INSURANCE. if writtea in ~onnection with this loan, may be obtained by the undersigned through any peraon of his choice. _ ~ Such inaurance is no: available through the above natned bank. _ CR~~I'~~FE INSURANCE IS VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such insurance covoragt ia avallable at a coat ~ ! of ; . for the term of the credit. . . _ ! Cr~dit Life Insurance is desired oa the life of: . ~ - ~ g1,r - - TlLOaas L • Brao~c - . i . t- MaY 1. 19?5 _ ~ - ~ e • (Dat~) lInsurad) ~ iDat~) - - (Insundl In the event ~ny installment of principal and intercst is not paid w+hen it becoma due, the entire amount of this note, less the amount of any r:bates ctquired by law. shall immediately and without notice become due end paysble at the fiection oE the holder. - Presentment. notice oE dishonor and notice of n~n-payment are hereby waiv~d by each maker. endorser and other p~rty to this note, and ~ each of thPm do hereby weive the right ro be sued after default in the county of their residence. = SECURITY - this loan is secured by a Mortga of even date coveri the following described pro rty• (Describe) r = R~al_ Eatat?~ ~iortg~e on ~il~ in Publio~eoo~ ot St. Ltiw~i CauatF~ 1'lorida _ - - - ~ ~ - _ The Mortgage will securc future advances not to exc~cd = - end will cover after ecquircd pmperty. I~ The undenigned acknowlcdges receipt of a compktcd copy of this note on the ~bov date. - t~ _ _ ~ ~00 Yali~'t't0 A'Ii!'qtA _ ~a~ - ~ (SEAL) ~ ceaa~...~ ~ ~ ' ~ _ _ ~ - ~ FOPt PltlO~~ FlOrid~ 3'~?r'J'G ~8~ ` (SEAL) - _ cwaa,~...~ t ~e~.~ ~ = ~ ; . - CUSTOMER COPY _ Doc. ata.mps affixed to original note zS;.`-= - - - . - - - _ _ _ _ _ _ _ _ - !