HomeMy WebLinkAbout0950 SIMPLE INTEREST ~
PROMISSORY NOTE
PROPERTY RELATED
J 2~042~~1 Dec.31 '984
For value received, the undersi~;~~ed (and if more than one, each of them jointly and sev~rally), hereinafter called
'."aker, promises to pay to the order of Sun Bank of St.Lucie County (~ti-hich, toyethEr v~-ith subsequent
INAME OF BANKI
Ft.Pierce
. Iders of this note, are referred to as "Bank") at its office at , Florida, the princi-
sum of Twe Thousand S Forty-Two b 71/100 Doflars {~2,042.71 ~
..:~h interest f~om the date hereof at the rate of 20• 27 'b per annun~ on the full arnount of said principa{ sum
~~_~raining from time to time unpaid, payable in 18 monthly installments of ~ 132.56
:~r~ on the .3Qth day of each successive month commenciny on Jan. 30 ,~g 85 , The Maker
•~~!~~ises to pay late charges not to exceed 5°/a of the amoun; ~f any payment or payments in default.
All payments made hereunder shall be credited first to inter:;st and lawful charges then accr~ed and the remain-
to principal. The Maker has the right to repay this loan, in r,ho~e cr in part, avithout pena!ty at any time upon the
ment of acc~ued and past due interest to date of prepayment plus a service fee in the amo~nt of the lesser of
~.00 or 2 percent of the principai amount of this {oan (Amount Financed), provided, however, that any partial
~_;.ayrnent of principal shal! be applied to the installment ~~r insta:lmen?s of principal last maturing hereunder.
The an~e::nts referred to above hav~ been con~~puted ;:;~on i?;e ~ssumptior~ that all instal{m~~nt Fayments will be
;c OF '~'2 fPSpCCt,v2 Sched~led due dates. T t~e interc;;t i; C~tlt,:~~~tc:C~ O!; the ~.r,paid ou?standsng prircipal balance. If
- s:~ :r;~~nt ~s not paid in full on such due ~~:~:e, tt,e m~kE:r :~,i;i be ooliga,~ci to pay such ad~i*,~onal amounts as
..._-~or~e ;.~~,ab!e by reason of the continuir3 a~cr;.;l~ ili i~ter~st a; ti~e rate drsigrated above. Any res~lting
,:=~5 2~i.~u~~~j Of1 dCCOUf12 of fai!ur~ to make tir~eiy pa~,~m~nt Ofl tllB CjV~-, G8[E'S ~VIII C3uSe ~flCfea~"S Ifl semecf the
~tliS desie,nated dbOvc', and SUCl1 8~~ft'^yc3iE ;~crease s~~a~t (~~3y~b~G at ?h@ tlltl2 Oi itl~~ IdS2 ins'.a!Iment If SUCh
:-:S CO ~O[ Cc3u5~ !h~ amount 01 ih@ ':dSt 1f1SIc~.i~R:Z~?I tU ~a.i:c:c':~ <<':'ICE:• jf'~' dIT,0Uf1t 01 ZhE dGSit~'1~IE(~ monthly
."'Eflt, OZi1Q~~•;rSe 2fle resu~ting cnarges Shc3ii CvUSe I~lc? fl~.;t;'~~~' pi i:c'~ "?:E~!'.?S [O J~ ext~n~~e~, prov~ding, ~?O~Veuer,
~~o s~~h extended installmert ~;ayment siiall excee;.i t~>>ice ;:r,»,,nt af t~,E ~ic;;i~n~t~~d monthiy :nstallment.
.;nci~ '!'?~~~i p~yment made prior to ar~y due date or ua?es, cr ;n~,• F;r~;:a,n,er~~;, caus~ decreas:;s in sorne of ihe
,_.n~s des~gnated above for the reason that the unpa+d o~~st::~~~d+n; :~rinc;c>al ba!ance ~vi~i t.e r~duced and the
•~st rete desiyr:ate~ above is appli~d to such reducec~ outstan~~;~~; ;;a~~n~e to cleter~nine t~;e an~ount of ~nterest that
a
1t ?he 3ank deer~; itself inse:.ure, or ~,~pon t`.e ?,a; penin,; uf ~n~, c~ ;h~ ~oi!~;riny ev;n!s, e2ch of ~~;hich shall
o de`auit '~.ere~.:^der, a;l I~abili;ies o` eac`~~ ".'a~::~ :o ~'~~,~F; t~!er~~upon or tf~ereafter, at ttle option of I
,•.~t~»~t natice or dema^d, becorne due ar,d pa;a:.;~~. `.:r an~; Gtiiy~r (~~:f:ici~ t~~rm shall mean and
.~ie ~a~i-~ P.~'aker, endorser, s~r~t~,- and i~Uc~~3r~;or of thi~ i-., ;;~-;~:rm ar,~, prc~ isior~ of tt~e ~;~rtnace securing !
_ hereof, tc pay interest her~on ~•.r~~n ~ue, ~:u . ~r~, ~.r'~ai~i:ity. ,,~,,atso_,~~r to BanE: ~^;he~ d~e;
J , ~ ~ . f ~J i
~ e~ r~ ef an G.,,~ n. tcl t;e fi~~r of an ne, ,~cn ..r n. ~:~.kr ~c~ rr G~ s rr~i~ r~
, y g y , C- ,y~ a c.eral or state ;
..'E: U`; Of d~cii~~St ofl}' IJUI~~Of; (G) dfl c3~~~lCailO'~ 40f ij e:: v r' ~r~ c•; O? 3 ft:C~~~':3f Of ~h~ ~ri~IClflg Of a general ~
~n;~;~nt f0~ the ~enefit of credi-ors by or tne insc~~cn~, _,~r; th~ =n;r~, ;f -;~c'.;men? against any ~
~`i t~~e ;sst,~n~ of any writ oi a;*a~t~~n~en? cr ~~:r,' c' _;a~~~ t,: '+:ir,; ~f ~:r.~; ;i~c~,, ayainst any prop-
;-f ~~~y Obsi;or, !he taking o` possession of &r,~; s.:bs?~n, . ,-~~i t~~~~- ;;ro,~try o` Obli~;or 2t the instance
"ju`.'emn~:en~at .~utr'Oflt~/. (fl~ tfle Cll$SCIUTIO(1, .'.'Ef jt'f, =Ci'i__~ i:'i (e?Of!Id~11Z::iiiG(i G'. G11~T' L~~J~IjO(~ Of (i) the
^~r? b~, ar;y R:".~E:er cf any equity ~r. t`~e rea: ^~ope~.~, s~~_.. r~,: . is ~oar ~•.,.~o1t th:. ;~rit?~~n consent ot Bank.
in addit~on to *.ne P.1ortgage sec~r;ny this loan, 2.:"a~ctr ~ ~;~,~s 3ank a secorit~,~ int~rest in ali prop-
c,f ~a~h Ob!,gor nov: cr at any tin,e r?erEaf,er in the c,~ss~ss,~:~~:~.;`~~+;k any c&nacity ::hatscever, including,
''102 li!Y~uteCi tn, 2f1y ~oi8f1GB Of 5'18fC Gf 2fly ;~~NOS~l, L'uS., V! ~':~'t , aS S~GUflty ~Of Lfl~ FByment ~f this
ard a simiiar li~n upor and securi;y interest in ail s::~h prc:;-:-r?~, ~ a~~ ~~'aker a; sec::rity for t~~,e , a~,~rr,ent of all
. ndbi~ities o` eact: 1~1aker to Ban~: Iincludiny aii i~abifit~es o` ~~a~~: :;k~_r~.
' ThE (~~'i~iC~pfS, JOlflt!y af1C~ SEV@fa~i~;, FfOf111St' 7f1U c~ :~L'F TO p:i~,' ci~'~. !~;.;SiS ~i11C1 :;X~:e~~St~S Of CO~~t~~UO(1 c~it7 fe8S0(18b~@
f r. +t . . ~ ~ ~ ~ - r ( ~ t',I, ` . p
, E~s" fees, wt~e, ~er ~ncurred in conr:ect~on ~.^r~th coi,ect~or , tr;a , ~c::;~~ ~ o. ~:r:•:is~
?~eSer,tmen,, C~E;fT18f',d, pfOtZSt, f'C.ICE Oi i~i5'1'JrOf, 8f1G E.'XIE'f15~~~~ Oi ~IR',~' ~~~?!`C'~t t~GtIC~' 2lB tiEfe~~,' tVBIVed by
;r~d every Gb~igor.
; ':~aker ackno~v~euges receipt o~ a completed p• f?r~;s4~~~~i~;;~m~•~~ge o„ t~ e above ;t~5~}e.
E 509 N. 14th. St. ~
, ? ~ ~ ~ ,1/~_,C l_~ ~1~ /
' :~?ESS SIGNATURE
Ft.Pierce,Fl. 33450
~
~
~ ; ~RcSS SIGNATURE
~ Doc Stamps in the anount of $3.15 Affixed to :~tortg~ge
and urder - no~ba~luon
v~ UJ48 N 7!82 QRIGINAI - B.;rk Co;;, YELLOW C..stomer PINK • F~le
F ~
B'
" ..-.a~...
'84 ~C 31 P 3 ~28 ' (SEAU
~t `
FIL:- . .
ROG~~' ' . (SEAU !
SZ. L~C1i .
M
~
` . 30~K 452 PAGE c`)~c9
;ti ~
~r: • _ -