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Home My WebLink About0986 . . - - ar ' , SIMPLE INTEREST PROMISSORY iVOTE ~ , PROPERTY REIATED ~ 4, 896. 14 FebruarY 4 , ~ g 85 For value received, the undersigned (and if more than one, each of them jointly and severaily), hereinafter cailed 1~'aker, promises to pay to the order of S~ Bank of st. Lucie Cour~ty (which, together with subsequent ' INAME OF BANK! r~olders of this note, are referred to as "8ank") at +ts office at Pierce , Flo. ida, the princi- pal sum of Fflur thousand eight hundred ninety-six & 14/100 'DollarS 1$ 4~896„ 14 ) :~~th interesi from the date hereof at the rate of i5.o~ pe~ annum on the full amount of said principal sum rr•maining from time to time unpaid, payable in 36 monthly installments of ~ 169a90 ~~~ch on the 6th day of each successive month commencing on r~larch 6 , 19 85 . The Maker ;~romises to pay late charges not to exceed 596 of the amount of any payment or payments in default. All payments made hereunder shall be credited first to interest and fawful charges then accrued and the remain- ~~.•r to principal. The Makar has the right to repay this toan, in whole or in part, without psnalty ai any time upon the ! ;:~ti ment of accrued and past due ~nterest to date of prepayment plus a service fee in the amount of the lesser of ` 550.W or 2 percent of ihe principal amount of this loan (Amount Financed{, provided, however, that any partiat ~ ~;~~payment of principal shall be applied to the installment or installments of princinal last maturing hereunder. The amounts referred to above have been computed upon the assumption that alt instatlment payments will be ' ~~.ade on the respective scheduled due dates. The interest is computed cn the unpa+d outstanding principal balance. If ~ a-~, ~nsta~lment is not paid in futl on such due date, the maker wilf be obligated to pay such additional amounts as a a•; become paya~fe by reason of the continuing accrual of interest at the rate designated above. Any resulting ~~,arges accruing on account of failure to make timely payment on the due dates will cause increases in some of the ~ .~•,~,unts designated above, and such aggregate increase shalf be payable at the time of the last installment if such ~ a~~~es do not cause ti~e amount of the last instailment to exceed twice the amount of the designated monthly ; ~~a :n;ent, otherwise the resulting charges shall cause the number of payments to be extended, providing, however, i no such exiended installment payment shall exceed twice the amount of the designated monthly installment. ~ ,:nstal!ment payment made prior to any due date or dates, or any prepayment, may cause decreases in some of the ~ ~ o..nts designated above for the reason that the unpaid outstanding principaf balance will be reduced and the -=~~est rate designated above is appiied to such reduced outstanding balance to determine the amount of interest that ? ,~e. If ihe Bank deems iiselt insecure, or upon the happening of any of the following events, each of which shall ~st t~te a defauft hereunder, all liabilities of each Maker to Bank shall thereupon or thereafter, at the option of :dnk, without notice or demand, become due and payable: (a) failure of any Obligor (which term shatl mean and ~ ~ ~~ude each Maker, endorser, surety and guarantor of this note? to perform any provision of the mortgage securing ~ e repayment hereof, to pay interest hereon when due, or to pay any other liability whaisoever to Bank when due; ~ the death of ar,y Obligor; (c) ihe filing of any petition under the Bankruptcy Code, or any similar federal or state _:~t~te by or against any Obligor; (d) an application for the appointment of a receiver or the making of a general ? .ss ynnment for the benefit of creditors by, or the insolvency of, any Obligor; (e) the entry of a judgment against any ; ~~t,iigor; (f) the issuing of any writ of attachment or writ of gamishment, or the fiiing of any lien, againsi any prop- ' ~~rty of any Obiigor; (g) the taking of possession of any substantiaf pari of the property of any Obligor at the instance ; any governmental authority; lh} the dissolution, merger, consolidation or reorganization of any Obligor; or (i) the ~ ~ss~gnment by any Maker of any equity in ihe reaf property securing this loan without the written consent of Bank. ? In addition to the Mortgage securing this toan, the Maker hereby grants to Bank a security interest in a!I prop- ; ~r~ of each Obligor now or at any time hereafter in the possession of Bank in any capacity whatsoever, including, ~~t not limited to, any ba(ance or share of any deposit, trust, or agent accouni, as security for the payment of this ~~,~~te, and a similar lien upon and security interest in al! such property of each Maker as security for the payment of all _~;her I+abilities of each Maker to Bank (including all liabilities of each Maker). The Obligors, jointly and severally, promise and agree to pay alI Costs and expenses of rollection and reasonabfe ;ttorn~ys' fees, whether incurred in connection with collection, trial, appeat or otherwise. Presentment, demand, protest, notice of dishonor, and extension of time ~vithout notice are hereby waived by =~ach and every Obiigar. Maker acknowledges receipt of a completed copy of this Note d mortgage t abo te. He Parish 1708 Aveo N, Ft. Pierce, F1 33450 ADDRESS SIG A RE Flo nce . Parish , , same /h~~ - AQDRESS ~ IGNATURE Doc Stamps in the amount of $7.35 affixed to mortgage. 50M ~nd under - non~lloon 3 Od54-000~8 N 7/82 ORIGINAI. • Bank Copy YEILOW - Customer PINK - File 6~1/4~7V fEB ~ P 3 :08 ~ , ~i~~e ~ - . : ROGER ~ U! • ~ - ST. LUCtE . ~ 80r~( ~b~Gf t~ ~ w - ~:u, . -