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Home My WebLink About0917 ~ PR0IAISSORY NOTE ~INPLE INTEREST ' tiAR1ABl.E RATE - S 13~786.41--- - ~uiy 12 19 84 Fpr ~ak~e~y~, 1As~~~ ( ~I fnpns tl~n pne, ead~ pf them p~~tly and severally?, ttie~e~natter caiied Maker, prom~ses to pay to the aber d Sun Dank of St.Lbcie~unt r~__ _ (wh~ch, (p4elher wdh SuDsequenl h0ldet5 Ot lh~s note. dre refe~red ~ 8S g~k••~~~~~ lll~a~ge Ava. Ft.._Pierce . ~a,~~p~~~t~p ~pyg~,p~~~~ygp Hundred b Eighty-Six b 41/100 pol?ars(S 13,786F41~~ wdh ~nteresl kom My d~l~ hM+~of at the vatiablo tel~ provided heie~n on the tull amount of sa?d pnnc~pa~ sum rema~n~ng Irom Ume to time unpaid, in aocadance wAh tfw ~p~n~ed xhed~~ls p?ori~ied herein. The interest ~ate hwu~det shM be 4 4~9r, pver the auction rate !or Un~ted States Tieasury &Ils w~th a malur~ry ot three months (Auction Rate) in eHect on ~ d~ he~reof, and tl~ersallK, fhe interest rate herew~0er sha~~ be adlusted on the fust day ol each calendar quarter based upon sa~d peroentage pvet ~ Aucbn Rale n eMeq on 1he 6rst day of each calendar quarter (any change ~n the rate hereunder shau be based on the Auc- t,on qate as p~bYy~ed in a ne~pna1y recognized newspaper of general arculation or any comparabte publ~cauon) and sa~d ad~usted iate shalt remain in eHeCt dunng ssid Q~1~I psriod• P1oh~tl~ding the fore9oing. the interest rate hereunder shatl never ezceed the maximum rate aflowed, trom eme to Ume, bY law. TtN kw0al ~ ~ate heteurxier is 14 . 55 96 per annum. n 120 ~;,,e monmy ~r,seai~~s o~ S 218 . 63 eacn on the 11 th day of each month beginrrn~ on --Wg~~t 11 19- 84 Maker prom~ses to pay late ct~arges not to exceed Sao of the amount of any payment or PaYments in detet~lt. M payments n~ds Nereix~der shaN be credited fust to interest and lawfu! charges then accr~ed and the rema~nder to pr~nc~pal. Maker has the nght b repay this ban. in whob a in part. witlwut pa~alty at any tane upon payment of acc~ued and past due ~nterest to date of repayment plus a ser- v~ce lee in the arnour~t of we t~s~t d i50.00 ot 2%ot the principal amount of this ban (Amount Financed~, p~ov~de~ however, that any parnal prepay- ment ot princapal sh~ bs appli9d b Ihe instah~6rM(s) ot prinCipal las! matunng hereunder. The amoixria relMlad b ~Dore have beer~ ~mpuled at the iniUal mterest rate prov~ded above and upon the assumptron that all ~nstalment pay- menta w~l pe rn~de pn 1hs oe~pectiv~e scheduled due dates. The interest ~s computed o~ ~he unpa~d outstand~ng pnnc~pal balance. it the ~nterest ~ate hereunder increases Or if any ir~stahnent is noi paid in full on such Oate. Maker w~ll De obl~gated to pay such add~tional amounts as may become pay- abie by reason d ws o0nlirx~g acc~ual of nterost at the applicable rete. Any resulhg charges accruing on account of ta~lure to make t~mety payment on the due dates or on aoooixk d aq ~ncrease in the interest cate hereunder may cause ~ncreases ~n sorne ot the amourns designated above and such ag~egate incrss~s shaM be payable at ~e Ome of tl?e last instahnent it such charges do not cause the amount ot the last mstalmern to ezceed twice the amwx~t pf the designated monthly instalment, oNenrise the resutfirg charges shall cause the number ol payments to be extended. pro- ~;ded howe~,et, (hat np suCh extended irtstahr~eM paymeM Sf~ll exCeed twiCe the amount of lhe des~gnaled monthly mstalment. My ir~stahneM psyrnent made pnor to arry due date a dates, any decxease in the mterest rate hereunder, a any prepaymern may cause de- creases ~n some of tAe ~ des+gnated aDove because the unpaid outstand~rg pnnc~pa~ balance w~u be reduced arxf the appl~cabie ~nterest rate ,s aFplied to s~xfi reduoed outstand~ng balanoe b determine the amount of ~nterest that ~s due. In the event any irtstatnsMOf prir~cipal or ir~erest or any part thereof is not paid when ~t becomes due. or m the event ot any defau~t hereunder, the i pnnapat sum remairirg unpaid hereunder, togather with a11 acc~ued and past due mterest thereon, sha~~ ~mmed~ately and w~thout not~ce bernme due f and payable at the election ot the holder at any time thereafter. ~ Notw~thstard~ng any rale d iMerest provided herein, the interest rate on any payment or payments of pnnc~pal or ~nterest, or any part the~eof. ~ wh~ch is not made when due shaM, tt~ereafter, be at Uie max~mum rate albwed, hom t~me to t~me, by law. E ~ Th~s note ~s ~ SECUREO O UNSECURED ~ qs security fpr the paymeM of th~s nate Maker has ptedqed or Cepos~ted w~th Ba~k and he~eby grants to Bank a secunty mterest ~n the bllowing ~ p~~~y: HIL - first mortgage - 505 Il, 16th S[. Ft. Pierce, Fl. Long LFgal Description ~ ! ncludir~ aU CaSh;stodc and dt?er div~dends and all rights to subscnbe tor 5ecunUes inc~dent to, declared, or granted in ConnecUOn with such prop- erty ar?d;nqud~ng any retumed or uneamed prem~ums trom any ~nsurance hnanced hereunder?, wh~ch properry, together w~th au add~aons and sub- ` st~tut~ons hereafter pledged or depos~ted with Bank ~s ca~led the CollateraL The Collateral ?s also piedged as secunty lor atl other I~ab~I~t~es (pnmary, ~ seca?dary, d~red. aontingent. sole, p~nl or several). due or to become due or wh+ch ma be hereafter contracted or acqu~red, of each Maker pnclud- ~ ~ng each Maker and any othei pe~son) to Bank. The surrender of th~s note. u ~ nt or otherw~se. shall not attect the nght ot 8ank to retam the • ~ Co~~ateral la such other liabiNbes. J/~ ~ - I ~ M~k~r ~nde~ar~ and agrees that t~e adckt,onal agreements and prov~~?ons on t e reverse s~de hereot, hereby ~ncorporat~d by reterence, con- ~ sUtute agreemBntS d the Maker anC a Par10~ tl?~s no1e. Maker acknowledges rece~pt ~I a completed copy of th~s Note on the above date Helen PoWell vans ~ ~ Address~ ~ , ~ . . 1~ C l ~ ~ i ~ , 505 N. 16th. Street ~ t~ `~~~t~''~y (SEAL) ~ ~ Ft. Pierce,Pl. 33450 ~ (SEAL) ~ Doc Stamps in the amount of $20.70 Affixed to Mortgage 3{Ht1-0040 N 583 OR1CiINAI - Ba?Mc CoVY VEIIOW Custorner PINK • Custorn~r '84 ,A~ 19 P 3 :21 n 6b~ifi,~ F(;.~ : - ROGEf ~ - :=R~, ST. LUC~~ = ~ "a:.. F[ 8 r'j ~clV P»GE ~J~•J .K. , ~ - - - - - _ . . - - ~ ~ ~ , . . _ ~ _ _.i„~;