HomeMy WebLinkAbout2823 ~
~
yo. ~ ~ .S
~ ~ PROMISSORY NOT~ 19 _ ;
June 20 7S
,
i
FOR VAI.UE RECEIVE[), th~ un~lersigned (and if mor~ than un~, c~~ch uf them jointly and sevcrally), promiacs to pay to the order of i
S~~u it~i~k n~_3i._yuci~ Cnnnty , ~t_ P~~r~-~. ~~~~rida, thc principal sum (Amount Financcd) ~
dasignated bc:iow, togeth~r ~~•ith Finanrc Charges from thc dat~ herc~[ at the Annual Pcrcentag~ Rate designsted below per annum on the full ;
- Amount of seid principal sum nmaining irom time to timr unpaid, payablr in inslallmen~s .~s hereinaft~r provided, togc:he~ with costs of collec- ;
tion, including a reasonnbtc atrorney's tec i[ collected oy I~kal pr~kecdings or thr~~ugh un at~~~rney ut law. All Fayments med~.; hereunder will bc ~
credited first to interest and law~ful charges then accrued, and ~he remainde~, to principal.
1. Proceedsuf Loan S 3el,i~~~?,.:;(; (1) ~
2. Insurance (i~clude onl~• if prcmium tin:+n,~r~! ;~r~•und~r - spccify type~ ul ~
coverage and stat~ pr~niium for cuch>
_ _ (2)
3. ~Jlficis? Fees: - - ~
F~~mb S
Certficate of Titte $ .
Documentary Stamp Tax ; 4 5~ l 5
- • Other Charges: _
S _
~a~rie~~ ,
Total Off'icial Fees - g 4~• 1~ (3)
~ 4. Credit Life lnsurance Premium ; (4) ~
5. AMOUNT Fl~'ANCED (1+2+3.+4) ; 34,OG5.15 ~5~
6. FINANCE CHARGE tintcrest only) ' ~ " ~ %57 ~,j~5 (6~
7. TOTAL OF PAYb4ENTS (s+6) ~ ~'~2• 2~ (7)
- ~n s
8. Your A~tNUAL PERCENTAGE RATE is . 96(8)
' p y ~'n y installments of ~ ~~fi •-~7 ea~:h, on the 2U i:it
The abo~~e TOTAL OF PAYI\fENTS shall be a able in monthl ~
' - day of each successive month cummencin~ on JulY ~ 1g ~5 , together with a BALLOON PAYMENT in the amoa~?t
` . of s due on . 19 , provided, however, that the finel payment of the entirc indebtedness
evidenced hereby, if not sooncr paid, shall be due and payable on Jufte 2n ~~g~~.,
The amounts referred to abo~•~ ha~•e been computed upon the assumption that all installment payments will be made on the respective
scheduled due dares. The FINANCE CHARGE is imposed on the unpaid outstnnding balance of the AMOUNT FINANCED. If any installmtnt
is not paid in tull on sucfi due datr the unde:signed will be obligated to pay such additional ainounts as may becocane payable by reason of the
continuing accrual ef FINANCE CHARGES at the ANNUAL PERCENTr~?GE RATE designated above. Any resulting charges accruing on i
acc~unt of failure to make timcly payment on the due dates will cause increases in some of the amounts designated ebove, and such aggregate !
- incrtase shall be payabie at the time o[ the last installment. Any installment payment made prior to any due date or dat~s. or ar~y prepayment, z
: will cause decreases in some of the amounts dcsignated above fur the reason that the unpaid outstanding balance of the AMOUNT FINANCED ~
, will be reduced and the AN`UAL PERCENTAGE RATE designated above is applied to such reduced outstandirlg balance. ~
The undersigned has the right to prepay this irtdebtedness, in whole or in part, without penalty at any time upon the payment of accrued
- F1I~iANCE CHARGES to the date of re a~ment, rovided, however, that an artial rc a•ment shaU be a lied to the installment or install- ;
P P Y P Y P P'P Y PP :
ments of principal last maturing hrreunder. Upon prepa}mcnt, tne undersigned shall ohtain a re[und of the unused portion of the cr~dit life ~
. insurance premium included in the AMOU~T FINANCED computed under the "Sum of the Digits" ("Rule of 78") method. ~
PROPERTY INSURANC~F., if written in connection w•ith this loan, may be c~btained by the underaigned through any person of his choice. ~
- Such insurance is noi available through the above named bank. ~ - ~
: CREDIT I.iFE itiSURA~iCE iS VOLliNTARY ANL 10T REQUIRED EOR CREDIT. Such insurance coverage is available at s cost ~ ~
; of ~ Eor the tern~ of the credit. - - ~
` Credit Life Insurance is dcs;r~d on the life oi: j
~ ~ a~k~ ~ tna,.~a?
. ~na~~ . u~,~.a?
' :n the event any installme~t oS principal and interest is not paid when it becomes du~, the entire amount of this note, less the amount of ~
_ - any rcbates required by law, snali immediarely and withoui notice becume due and payable at the election of the holder. ~
Presentmen[, notice of dishonvr and notice of non-payment are hereby waived by eaeh maker. endorser and other party to this note, and
each of thetn do hereby waive the right to b~; sued after default in the county of their residence. E
SECIfRITY this loan is secured by a Security Agrcement of oven dste covering th~ following described property: ;?~scribe) j{
~:~7~. , ~i~rf~ ~k~~~~~~e `r ~~-2~d _'7A'~ .S
•
`.~i~i ~)7~/j{t)~1L=~I'j
' _ ~
The Security Agreement wiil secure [uture or other indebtedness and wiil corer efter acquired property. ~
The undersi~r,cd acknowledges receipt of a coropleted copy of this note on the above dete. -
C; - Ft. Pierce Flying Sen•ice, Inc. . ~
$ :.t. ~ i3ox Lo2 bv• ` - - (SEAL)
~t cwda~..~ . ~s~sn.c,ua
'i; ' ;
" . Vice ~ res ident ~ _
~ . "t. 'it~r-_; a 1'1 ~ '345Q " , (SEAL)
twaaers.) • ~Si~nature)
~ COUS2'OMER COPY
~ Doc Stamps affixed tooriginaL not ~
BO~K~4O PAGE~H~~