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Home My WebLink About0988 ! SIMPLE iNTEREST . ' PROMIS~S,ORY NOTE , PROPERTY RELATED $ 9,2k5.97 Feb. 1 19 85 , For value received, the undersigned land if more than one, each of them jointly and severally~, hereinafter called ~ Maker, pramises to pay to the order of S~ Bank of St.Lucie County (Which, together with subsequent ~ (NAME OF BANK) +~olders of this note, are referred to as "Bank") at its office at ' Ft.Pierce , Florida, the princi- pal sum of Ninetv-Ttirn flundred 6 Fort,y-Five 6 97/100 D0118rs 9.245.97 ) ~vith interest from the date hereof at the rate of 16. 30 9~o per annum on the full amount of said principal sum remaining from time to time unpaid, payabte in 12~ monthly installments of $ 156. 74 each on the 3rd day of each successive month commer~cing on t~arch 3 , 1 g~_ , The Maker ;;romises to pay I~e 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 lawful charges then accrued and the remain- ~_~t~r to principal. The Maker has the right to repay this loan, in whole or in part, without penalty at any time upon the c~ayment of accrued and past due interest to date of prepayment plus a service fee in the amount of the lesser of ~50.00 or 2 percent of the principal amount of this loan (Amount Financedl, provided, however, that any partial c~~epayment of principal shall be applied to the installment or installments of principal last maturing hereunder. The amounts referred to above have been computed upon the assumption that all installment payments will be ••;ade on the respective scheduled due dates. The interest is computed on the unpaid outstanding principal balance. If ~ installment is not paid in full on such due date, the maker will be obligated to pay such additional amounts as a ~ become payable 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 -;~ounts designated above, and such aggregate increase shall be payable at the time of the iast installment~ if such a~ges do not cause the amount of the last installment to exceed twice the amount of the designated monthly ~ s!a !ment, otherwise the resulting charges shall cause the number of payments to be extended, providing, however, no such extended installment payment shafl exceEd twice the amount of the designated monthly installment. ;~nstallment payment made prior to any due date or dates, or any prepayment, may cause decreases in some of the • ~~nts designated above for the reason that the unpaid outstanding principal balance will be red~ced and the -~~est rate designated above is applied to such reduced outstanding balance to determine the amount of interest that ' aJE'. If th~e Bank deems _itself insecure, or upon the happening of any of the following events, each of which shall _~~~st:tute a default hereunder, all liabilities of each Maker to Bank shall thereupon or thereafter, at the option of ~:,r,k, without notice or demand, become due and payable: (a) failure of any Obligor (which term shall mean and _~~de each Maker, endorser, surety and guarantor of this note) to perform any provision of the mortgage securing ~ : repayment hereof, to pay interESt hereon when due, or to pay any other iiability whatsoever to Bank when due; ) the death of any Obligor; (c) the filing of any petition under the Bankruptcy Code, or any similar federal or state :-~;ute by or against any 051igor; (d) an application for the appointment of a receiver or ihe making of a general ,;s gnnment for the benefit of creditors by, or the insolvency of, any Obligor, (e) the entry of a judgment against any G:, ~gor; (f) the issuing of any writ of attachment or writ of gamishment, or the filing of any lien, against any prop- of any Obligor; (g) the taking of possession of any substantial part of the property of any Obligor at the instance any governmental authority; (h) the dissolution, merger, consolidation or reorganization of any Obligor; or (i) the ~~s ~nment by any Maker of any equity in the real property securing this loan without the written consent of Bank. In addition to the Mortgage securing this loan, the Maker hereby grants to Bank a security interest in all prop- of each Obligor now or at any time hereafter in the possession of Bank in any capacity whatsoever, inc~uding, f not limited to, any balance or share of any deposit, trust, or agent account, as security for the payment of this ' ~ ~;e, and a similar lien upon and security inierest in all such property of each Maker as security for the payment of all ~,+,er liabilities of each Maker to Bank (including all liabilities of each Makerl. ' The Obligors, jointly and severally, promise and agree to pay all Costs and expenses of collection and reasonable ' ~:torneys' fees, whether incurred in connection with collection, trial, appeal or otherwise. Presentmeni, demand, protest, notice of dishonor, and extension of time without notice are hereby waived by ~,~ch and every Obiigor. ~ Maker acknowledges receipt of a completed eopy of this ~ote~n m~tg e on the above te. ~ ~303 N. 42nd. St., o e e :,DDRESS SIGNATURE ~ `~,ti~ Ft.Pierce,F1.33450 J ~ r;DDRE53 ^ SIGNATURE R Doc Stamps in the anount of $13.95 Affixed to rbrtgage ~ ~ ~o~~ a~d ~~d.? - ~o~n.iioor+ s 0454-00~8 N 7/82 ORIGINAI - Bank Copy YELLOW • Customer PINK • Flle 6V~~~ ` r ~ ~ FE9 ~ P 3 ~OS ~ ~ , FILEG ~ ` ~ . : t;~ r ROGER c ° ~ ~ - ; ST. LUCIE C;;~.~i~ : i. ~ ~ ~ ~ ~ ~ 0 ~ KC ~ GO'~K ~~JcJ PAGE ~7 ~ - ~ , . _ _ 4 _ ;