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Home My WebLink About0976 SIMPLE INTEREST ' PROMISSORY NOTE S 134 , 000 . 00 ~ Feb . 4 19...._8fi- . For value received, the undersigned l~nd if m~re t~ian one, e~ch`pf them jointly and severaliy), hereinafter called Maker, promises to pay to the order of un Ban o St.Luc e ounty (which, together with subsequent (NAME OF BANK) holders of this note, a~e referred to as "Bank") at its office at Ft . Pierce , F Iorida, the principal sum of One Hundred and~ Thirty-Four Thousand and no/100 Dollars 134,OOO.QO ) with interest from the date hereof at the rate of 10. 50 ~ per annum on the full amoun of said principal sum remain- ing from time to time unpaid, payable i~ monthly installments of $ ~358.94 each on the 4th day of each succeuive month commencing on March 4 , ~g 86 , together with one pay- ~ ment in. the amount of ~ 120,729.19 due on Feb. 4 , 19~1~ , provided, however, ` that th Fe~bal payment of the en91 indebtetiness evidenced hereby, if not sooner paid, shall be due and payable on ~ , , 19 . The Maker promises to pay late charges not to exoeed 5% of the amouni of ~ ~ny payment or payments in default. All payments made hereunder shall be credited f'fst to interest and lawful charges then accrued and the remain- ~ der to principal. The Maker fias the r' ht t y i oan, in whole or in part, without penalty at any time upon ihe payment of accrued and pa ue of prepayment plus a service fee in the amount of the lesser of S~ orz'~ I amoun of this loan (Amount Financed), provided, however, that any partial prepayment of principal shall be applied to the installment or installrnents of principal last maturing hereunder. The amounts referred to above have been computed upon the assumption that all installment payments will be ~ made on the respective scheduled due dates. The interest is imposed on the unpaid outstanding principal balance. If j any instatlment is not paid in full on such due date, the Make~ will be obligated to pay such additional amounts as t m I r n f h ntinuin accrual of interest at the rate desi nated b v n r ul in f i may beco e payab e by easo o t e co g g a o e. A y es t g j charges accruing on account of failure to make timely payment on the due dates may cause increases in some of the ! i amounts designated above, and such aggregate increase shall be payable at the time of the last insiallment. Any install- ment made prior to any due date or dates, or any prepayment, will cause decreases in some of the amounts designated ~ above fo~ the ~eason that the unpaid outstanding principal balance will be reduced and the interest rate designated j above is applied to such reduced outstanding balance to determine the amount of interest that is due. If the Bank deems iisetf insecure, or upon the happening of any of the following events, each of which shall ; constitute a default hereunder, all liabilities of each Maker to Bank shall thereupon or thereaher, at the option of Bank, without notice or demand, become due and payable: (a) failure of any Obligor (which term shall mean and I, include each Maker, endorser, surety and guarantor of this note) to perform any provision of any security agreement ~ i securing the repayment hereof, to pay interest hereon when due, or to pay any other liability whatsoever to Bank ~ when due; (b) the death of any Obfigo~; (c) the filing of any petition under the Bankruptcy Code, or.any simila~ ; 'ederal or state statute by or agai~st any Obligor; (d) an application for the appointment of a receiver or the making ~ of a ger~eral assignment 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 writ of atiachment or writ of garnishment, or the filing of any lien, against ' any property of any Obtigor; (g? the taking of possession of any substantial part of the property of any Qbligor at the instance of any governmental authority; (h) the dissolution, merger, cons~lidation or reorganization of any Obligor; or (i) the assignment by any Maker of any equity in any Collateral securing this loan without the written consent of ; ' Bank. In addition to any other Collateral securing this loan, if any, the Maker he~eby grants to Bank a security interest ~ alf property of each Obligor no~v or ai any time hereafter in the possession of Bank in any capacity whatsoever, ~ncluding, but not limited to, any bafance or share of any depos+t, trust, or agent account, as sacunty for the paym~nt ef this note, and a similar lien upon and security interest in all such property of each Maker as security for the pay- rr~ent of all other liabilities of each Maker to Bank (including all liabilities of each Maker). The Obligors, jointly and severally, promise and ag~ee to pay all costs and expenses of collection and reasonable attorneys' fees, whether incurred in connection with collection, trial, appeal or otherwise. Presentment, demand, protest, notice of dishonor, and extension of time without notice are hereby waived by ~ ~:och and every Obligor, t This loan is made pursuant to the rate provisions ofi Chapter 664 of the fjlorida Statutes. Maker acknowledges receipt of a completed copy of this Note and ~6/i,t~i Agree ~rrt, if applicable, on the above date. ortgage - ~ ~ 7104 Ci[rus Park Blvd. - Z- ~ .t ~~t- ~ NDDRESS SIGNA~ URE Brian . S3 r ~ ~ f~t. Pierce, F1. 33451 ' . ~ .i ~ \ F ~,DDRESS SIGNATURE Sf y age ~ Doc Stamps in the amount of $201.00 affixed to mortga~ ` ~ '~~+dusvial Savings 8ank Att - Chapter 664, Florida Statutes ~ ~ 3.Ga53-pp~g ftev 7lgp ORIGINAL - Bank Copy YELLOVII - Customer PINK - File ~ ~ ~J 13~'~ ~ b ~ {n Payment O~ Tax93 ~ Received S~~---`~,y e Petson~~ PropertY~ Due On C ~ss ' In... . ~ Pu•s.:~~: To ~'~iP.er 71, 134. Acts Of 1971• .p< P3 ~ W ROGER P9ITRAS ~ Gerk Circuit Court, St. Lucie. Co.~ ~ FILL1~ it4~+ ,~'c•~_ l ~ ROGER PC~~ Ci.~ . K ~ ST. LUCiE CUuNTY. 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