HomeMy WebLinkAbout0929 " 'c'~R . ~
- i
6'746bi2
. '84 SEP 28 P 3 ~1? ~ " -
~jo~
FIL~C: ~ v '
ROGEF: ~ , '
ST. LUC~~ . ~ ~
i~l~ ~.7/~.~ ~
. ` ~ . f.~ T,~~s
~y
. : . . ' ~ ~Y,
- _ . v~ i~il.
- - _ . , . . ;o., F:a,~~
~ . ,
SlMPLE INTEREST
PROMISSORY NOTE
P__ROPERTY RELATED
_ 9, 722.40 ` Sept . 21 , ~ S 84
For value teCeived, the undersigned (and if more than ona, e::~~~ :~f *nem ;vini,y ~nd se:~r3liy), hereina(ter ca~!ed
'_;::~r, promises to pay tC the order of ~n Bank of 5t.Lucie County i4ti~r ;~~~3et?;er with R~*.
(NAME OF BANK) V u~y~J~~
Ft.Pierce
iers of t note, e rQfer ed ,o as"B nk") at its off; e a~t Florida, the ~rinci-
~ sum of ~~ety ~evea ~ndred b ~wenty-Two 6 ~0/100 ;~oti3rs (S 9>72~•40 )
~nterest from the date heteof at the rate of ,,~•r ~,n~um on th~~ full a^i~.;.:nt of sa;d ~rir„~ica~ sum
~,,~ning from t~me to time unpaid, payabfe in ~ _~~~~ntr~i'; ~,r5!u;~r.~~n±s o` S 162.04
un the 21at' day of each successive month com{r.~r ~:r; _ ~ct . 21 ~ g 84 . T~~,e ~1a~:er
~.~-~:ses to pay late charge~s not to exceed 5go of the amount ~ry ~~nt cr ;;ayments ,n ~efault.
All payments made hereunder shali be crediteci first to ~rt:.r=~st ancs ~a~::tul ;,harges c?~~r. accr~ed and tr:e rerr;~n-
principal. The Maker has the right to repay this loar~, ~r~ :,tu~~~~ c;r ,?art, ~:ithoc,t ;~e~ at a~y t;rne :~pon the
:,~~~ert of ~ccrued and past due irterest to date of prepd;rr~.c:: c;:..s ~ s~rvi;:e ~ti: ~r.~: 3r':C.:fii Of le~ser of
_,.Qt7 Gf 2 percent of the principal amount of this Ip3f1 ~~a't.;;,.tlt r!r ~'1Ct':.~, t'fO`.•~i;~'~, r~'.^.N`?', IC::~? a'i'y (',8ft1a'
•:_J`ff`,1G'(1; of principal shall be applied to the if1S~c7~~fTlCiit G( ~!ij;~:!:'' f f}tS U~ C~t(1C ~%cSi ~~iSt fra!U(I('i~~ ftL'C~:.!l~t`~(.
' Tre amounts referred to above nave been cornputed :luc~~ ~!.c ~:,s..~~ t+ at a': ;ns!a::^-~~t Ga; n~,cn*,s ~ti~il~ be
' o~ t~e respective scheduled due dates. The i~terest ~s c~ • ~~i c~ ' r~; pr~nci;:21 b31~r~c~. If
~ , ~:;cal!ment is not paid in fufl or such due date, th~ r;~aker t;: pd, ~,ticn~. ~~~c_~,;n?s as
i J~COme payable by fP.aSOfl Of tr~e continuing accrua~ Qf ~flic'~_S' 1,i'E C~~~S~ :~~o:~J d~GVe. hfly feSJl',If1C~
' ~,~s accru~~g on acco~nt of fail,;re to make timeiy pay(TlefiL 0+~ Ci..;? dd'~ S+':lii i'iC~f;oSeS ~~1 SOt'E:' O' th@
~ :_.n:s des;gnaLed above, and s;:ch aggregate incr2ase st;a'I te ~a,~b ac ;r,:- ,~rr:e c~ ?r e ir.stallr~e~~< s~ch
~ •_es do rot cause the amount o` the last instalfm~nt !o excee:: tt e::rT oun; ;r.e ~esi~nate~ r~:onthly
s ~,~:ent, otherwise the resulti~g charges shall ca~~sa tt~e n,;rs.be- ;~~~,~~~,zr:;s t~e exten~~~, .ro•.iding, ho~~:~ver
~o s~ch ext8nded in5ta!lmen; ~ayment shali exceed ttiti~ic~ t~.e ;r,~u_.r~ o` ~ d~:s ~;nd~~~ rr.onthiy instaiiment.
,;nsta~!r~ent payment made prior to any due date or dates, or a~~~~; :<<, ,-,,:enL ^~a~; ~a_.s_ ~t~rea~es in some of the
~ _..~:;s des~gnated above for the reason that the urpa:d c.~tstar:;; ;;r;r ~ic,a~ ar.._e ~•,~ti ;;e re;.l~~ce~ and the
e or:~ur~t G1 IntereSt t~ c.
~ rate d?sic~ated above is appl~ed to such reducc~ ou*.~tan~;n; c~.~~ :e ~~'.~~?~rr.-,;r.~
~
~ !f ~i~e B~nk deems itself insecure, or upon the nappeni~,; r,~ `o,;~~,...;~y e.~r,ts, ~~a:.h of wnic!~ s;,ai~
~ ~ s~ ::.te a default hereund~r, all lia~ilities of each P:"aker to 3ank ;r,;; ~;r~~~r~~,; on or tr-erea~,er, at the o~tior of
~ ,-k., v1~t~out notice or demand, become due ana payar~!e: ,a) fa~!.;~~~ a~•; v:,~ ,or term ;hall mean a~d
a .
~ ~ ie ~a;:h r~4aker, endorser, surety and guarartor of rn,~ notei to :~e*; ~rrr, an; ~rr~v,s~~.;n c- ;h,; rrlt~rtga~e s°cUrif?g
~ •~payment hereof, to pay interest hereon wher, due, or to ~ay an~, ct~~°r ;~abiE,c~ •;:r ;;;;~~•rer to Sank ~,:hen due;
; ~ ~~.e death of any Obligor; (c) the foling of any pe?iticn ~^d~~r ~t:~ ;~~~;~~~r.;~ ~,_y Cc;~e, cr ;n~; smi;ar federai or s:ate
~ ~ ~?e by or against any Obligor; (d) an application for the :;:~~~~intr~-~~t a recei~.~e~ or t~~e making o; a~eneral
;r,nrnen; far the benefit of ~rea~tors by, or the inso~ven;,~.- o~~ r C~:.:,:;;r, ~"ei t~ ~~"r; c.f a ~~,,dgment ag~irst any
~ ~or, tf) the ;ssuing of any writ of attachment or writ o` c;a~^~_ ,~r~~, t~~., filinc; u` ary I;~n, agoinst any orop-
of an•Y Qbfigor; (g) the Laking of possession of any ;ubstar~;~ai ;;ar? o~ c:r^perty ~~f ar,~.; Obligor at the irstance
-,;r ;ovemmer~ta! authority; (h) the dissolution, meryar, conso!i~~a~~c,r ,~r r~orgar;iz~t~on of ar.y Qbiigor, or (i) ±he
;-r:ent by any Maker of any eauity in the real property s~c~r~ry ~~iis :oa~: w~thout ;ne tivritten ccnsent of Sank.
In addit;on to the Martgsge se~uring this Iean, the f~!laker hereby gran;s to Bank a security interest in all Frop-
of eact~ Obligor now or at ~ny time hereafter :n the possession of Bank in any capacity whatsoever, including,
not I~mited tp, any bal~nce or ;hare or any deposit, trust, or agent account, as security for the payment of this
,.e, and a simildr ~i~n upon af?d security interest in all such propprty ef each Maker as security for the payment of al!
'~•:er liabilities Of each N~kerto Bank iinctuding all liabilities of each Maker~.
The Obligors, ~ointly and severaily, prcamise and agree to pay all Costs and expenses of collection and reasonable
~.~orneys' fees, whethe~ inCUrtad in conneCtioti with collection, trial, appeal or atherwise.
Presentment, demand, protest, noti:,e of dishonor, and exters~or of time without notice are hereby waived by
and every Obligor.
4 ~flaker acknowledges reveipt of a completed copy of this Note a mortgage o~ the bove d te.
108 Vindala Ava. ~J ~~s
-~DRESS si~N uRE Davi L. Archer
Ft.Pierce,Fl. 33451 ,
: , ' '
.
,~DfiESS SIvNATUR~y JuO~R . LC e2'
Doc Stamps in the amouat of $10.20 Affixed to'IYbrtgag~ -
Q~~44~ '~?7
~
. u~d~, ~o~b,n,~,~
: ~ _ ~ r._ ~ M, t. ~ ~ ~