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Home My WebLink About0929 ~ ~ ' ~ ' SIM~LE INT~REST ' PROM,lSSORY NqTE PROPERTY R LATED $ 7,535.47 12/2~ , 19~_ For vatue received; ttye undersigned (and if more than one, each of them jointly and severally), hereinafter plled ; Maker, ~,ror~~~ses to pay to t~s ~r~~r of sun Bank of St .Lucie CQUnty (which, together with subsequent 4 (NAME OF 6ANK) . ~ • • ~t . Pierce holde~s ot thiS note, 8fB fBT@ff8d IO eS ~~DanR 1 ai ii~ v~ i~w d. , Flnrirla, thQ nrin~i. pai sum of Seventv-Five Hundred Thirtv-Five S 47/100 Doliars (~~~535.47 ~ with interest from the date hereof at the ~ate of 13.65 9f, per a~num on the fuli amount of said principal sum remaining from time to time unpaid, payable in 84 monthly instaflments of t~39.74 each en rhp isc. day of each succ~ssive month cammencing on Jan. 1 ,~g 86 , The Maker promises to pay iate charges not to exoeed 596 of the amount of any payment or payments in deTauit. All paym8nts made hereunder shall be credited firsi to interest and lawful charges then accrued and the remain- ~ der to principal. The Maker has the right to repay this loan, in whole o~ in part~ without penalty at any time upon the payment of ac:crued and past due interest to date of prepayment plus a servioe fee in the amount of the tesser of ~ $50.00 or 2 percent of the principal amount of this loan (Amount Financed), provided, how~ever, that any pariial prepayment of principal shall be apptied to the instaltment or installments of principa! last maturing hereunder. The amounts referred to above have been compuied upon the assumption that all installment payments will be made on the respective scheduled due dates. The interest is computed on the unpaid outstanding principal balance. If any instalL-nent is not paid in full on wch due date, the maker will be obfigated to pay such additional amounts as may become payable by reason of the continuing accrual of interest at the rate designated above, Any rewlting charges accruing on account of failure to make timely payment on the due dates will cause increases in some of the amounts• designated abave, and wch aggregate increase shall be payable at the time of the last installment if such charges do not cause the amount of the last installment to exceed twice the amount of the designated montfily ~nstallment. otherwise the rewlting charg~.s shall puse the number of payments to be extended. providing, however, that no such~ extended installment payment shall exceed twice the amount of the designated monthly installmen~ Any installment payment made prior to any due date or dates, or any prepayment, may cause decreases in some of the a;nounts designated above for the reason that the unpaid outstanding principal balance will be reduced and the ~nterest rate designated above is applied to such reduced outstending balance to determine the aR~ount of interest that js due. . If the Bank deems itself insecure, or upon the happening of any of the foliowing events, each of which shali constitute a default hereunder, all liabifities of each Maker to Bank shall thereupon or thereafter, ai the option of Bank, witF~out notice or d2mand, become due•and payable: (a? failure of any Obligor (which term shall mean and ~nclude each Maker, endorser, surety and guarantor of this note) to perform any provision of the mortgage securing the repayment hereof, to pay interest hereon when due, or to pay any other liability whatsoever to Bank when due; 1b) the death of any Obligor; (c1 the filing of any petition under the Bankruptcy Code, or any similar federal or state statute by or against any Obligor; (d) an application for the appointment of a receiver or the making of a general assignnment for the benefit of creditors by, or the insolvency of, any Obligor; (e) the entry of a judgment against any Obligor; (f) the issuing of any vr~it of attachment or writ of garnishment, or the filing of any lien, against any prap- ' erty of any Obligor; (g) the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental authority; (h) the dissolution, merger, consolidation or ~eorganization of any Obligor; or (i) the assignment by any Maker of any equity in the real property securing this loan without the written consent af Bank. In addition to the Mortgage securing this loan, the Maker hereby grants to Bank a security interest in all prop- erty of each Obligor now or at any time hereafter in ihe po~iun of Bank in any capacity whatsoever, including, but not limited to, any baiance or share of any deposit, trust, or ageht account, as security for the payment of this note, and a similar lien upcm and security interest in all such property of each Maker as sec~~ity for the payment of alt other liabilities of each Maker to 8ank (including al{ liabilities of each Makerl. The Obligors, jointly and severally, promise and agre~ to pay atl costs and expenses of collection and reasonable attorneys' fees, whether incurred in connection with collection, trial, appea! or otherwise Presentment, demand, protest, notice of dishonor, and extension of time wi otice are ereby wraived by each and every Obligor. Maker acknowledges receipt of a completed copy of t s Note and m the bove ~ , P.O.Box 30b ADURESS NATU p O ~ . Pierce,Fl . 3.s454 A~DRESS SlGNAT ar . nns Doc Stamps in the amount of $11.40 affixed to mortgage 50M and undsr - nonb~tloon 3•0454-OOaB N 7/82 ORtGlNAL - 8a~k Copy YEtL01N - Customer P1NK • FIN ~85 OtC -3 P 3 :A4 . Fit:. ROGE:. ~ , ST.IIiC,- - ~ ~ a%ti~+''" - . BOOK 4~4 ~ac~E y~5 . . - - - ~ - ° . - ..,~.r~ ~ . _ . . _ _ . . . _ _ . _ ~ ~ ,a.s. ;k.~,: