HomeMy WebLinkAbout0955 SIMPIE INTEREST
PROMISSORY NOTE
PROPERTY RELATEU
~ 5~799.30 February 20 ~9 86
For value received, the undersigned (and if more than onc:, each of them jointly and severally), hereinafter called
'.'aker, promises to pay to the order of Sun Bank of Lucie County (yyhich, together with subsequent
(NAME OF BAfVK)
~~olders of thi note are referred to as "Bank") at its office at Fort Pierce Fiorida, the princi-
~ive fihousand Seven Hundred Ninety Nine b 3 1 5 ~94.30
pa? sum of Dollars ~ )
tiv~th interest from the date hereof at the rate of 1• °'o per annum on the full amount of said principal sum
~~~maining from tim tq tirne unpaid, payable in monthly installments of $ 133.44
~~ct~ on tt~e . 2~IId day of each successive month commencing on March . ~g $6 , 7he Maker
;:romises to pay late charges not to exceed 5% of the amount of any payment or payments in defauli.
All payments mad2 hereunder shall be credited first to +nterest and lawful charges then accrued and the remain-
~~er to principal. The Maker has the right t~ repay ihis loan, in whole or in part, without penalty at any time upon the
~:ayment of accrued and past due interest to date of prepayment plus a service fee in the amount of the lesser of
S50.00 or 2 percent of the principai amount of this loan (Amo~nt Financed), provided, however, that any partial
;~repaymen; of principal shall be app!ied to the installment or installments of principa{ last maturing hereunder.
The amounts referred to above have been computed upon the assumption that atl installment paymentswill be
~~,ade on the respective scheduled due dates. The interest is compu;ed on the unpaid ouistanding principal balance. If
~nti~ ;ns:a~!rnent is not paid in full on such due date, the maker wilt be obligated to pay such additional amounts as
ay be.:om~: payable by reason of the continuing accrual of interest at the rate designated above. Any re~iting
~r~arges dccr:,~ng on account of failure to make timely payment on the due dates will cause increases in someof the
,,r~;our~s drs:gnated above, and such aggregate increase shail be payabie at the time of the last installment i~ such
~r~~es ,,~•ot cause the amount of the last insta!lrnent to exceed tv~ice the amount of the desi~nated monthly
~~ta :rTLr.T, uty,erv:~se the res:~itin~J charges shall cause the numk~er af payments to be extendeJ, providing, however,
u; r~~o s_. ~xtended insta:iment payment shal! exceed tv~ice the amount of th~e desi~n~ted montt~iy instaiiment.
ns?~: ;~ayment made prior to any due date or dates, or any prepayment, rr.ay cause decreases in some of the
• o..nts ~:~s ~~r~ated ab~ve for the reason that the unpaid ~utstanding prircipa! ba~ar~ee will be red;.~ced and the
'~!~•sc r;,;~ ,;•~s~~~r,at~,:d above is a~j~.~lied ;o such reduced outstandiny balance to deters~~ine tr,e amount of interest that
~ :i..C.
t~ ~d+~.k deems itse;f in;ec~re, or upon the haqReninn of ~ny of the follo~tiiny e~ents, each of which shall '
_.,r,st~tu,~ a.:~.:`ault hereuntler, ai~ iiabilities of each Maker to Bar.k shall tt~ereu~~on or t'.ereafter, at the option of ~
_or~.Y, v:~~~~u notice or demand, ~ecome due and payab(e: (a) .'~iture of any Ot~iigor (whic?~ terrn sha!! mean and
,.'e e~~.r ~:^,aE:er, endorser, suretti~ and guarantor of this note) tv perform any provi5ion of the mortgage securing
repd~; r,r,*, r~Ereof, to pay inter~st herean ~~vhen due, or to ,.ay ~ny other liability wl~atsoever to Bank when due;
r. r t~•~~ any Obligor; (c) tr~e filing of any petition under ?t,,e Bankrup?cy Code, or any similar federal or state
-~,.,te by or ~,ca~r;st any Ob!igor; l~) an appiication for tr~e ~,~;~ointrr,ent of a receiver or the making of a general
:.s ;nr~n er.t `or ,r.e benefit of creditors by, or the insolvency of, ar~y Obfigor; 4e) the entry of a judgment against any
_:~,~y~~r, l{) ;r:e issuing of any ~vr~t of attachmert or writ of yarr~~shmeni, or t1~e filing of any lien, ayainst any prop-
; or an~, :~ciigor; (g) tt~~e takin, ot pQSSession of any substantial part of the property of any Obligor at the instance
ar~; ~overrmentaf authority; (h) the dissolution, merger, consolidation or reor~anization of any Obligor, or ii) the
: s:~;nn,~•nt l,•; an•;~ Maker of any equity in the real property securing this loan without the written consent of Bank.
In add,t~on to the Mortgaye securing this loan, the Maker hereby grants to Bank a security interest in all prop-
o; ea~'~ ObiiyUr no~v or at any time hereafter in the possession of Bank ;n any capaciiy whaisoever, including,
r,ot !irr~~ted ±~r, any ba:ance or share of any depos+t, trusi, or ayent account, as security for the payment of this
~ ~te, a~~ct c s m~!ar ~~en upon and sec~;riiy interest in all such property of eacn N1aker as security for the payment of all
~-u~er ~;ab~i~t Fs each ~!!aker to Bank (includingali liabilities of eact~~ t~^,aker).
The Ob~~;ors, jointly and severaity, promise and agree to aay all Costs and expenses of coliection and reaso~able
~?tomey~' iees, whether incurred in ;,onnection with collection, trial, appeal or otherwise.
Pre~_r,tn:ent, demand, protest, notice of dishonor, and extens+on of time without notice are hereby waived by
~:acr; arJ evcr~, Qb~igor,
Maker at'r,no4v!edges receipt ot a completed capy of this Note and mortgage on the above ~ate.
'492 Issac Road, Port St Lucie, F1 33452 RIO ~ ES, INC ~L~2~
B
ADORESS SIG ATIJR -
_'492 Is ac Raad, Por[ St Lucie, F1 33452 BY: ~
~ SI A URE
Doc Sta~nps in [he amount of ~8.70 affixed to mortgage
50M and under - npnballoon
~ ~.~454'VOQ'8 N ~~BZ ORIGINAL- Bank Copy YELLOW - Customer FIIVK - fife
~g•3°
11' l9~ ~~j{_~
xes
RPC~iV~~ ~S •
D~ ~ . ~ , . . ;o; ~.y,
P~,s... - ~ . p'vf 1911.
. ,~;j:~~':~..~ c._~./~
~!G!k ~1(~iJ~: ~.Ou7i, :~i. ~Li..l•:~ .ri0.~ f~~• r.'1
r~ ~33+~sJ
'8b FEB 28 Pi2:0~_
' FtLc~ ~
~ . . ~ ROGER r: - -
. ~ . . . . _ ST. LUCI; _ ti .
~ ~
~ ~ . ~ ~~i~~ ~ Pa6E ~ ~
yr. . . , r , .
. _ - : ~ ~ _ ~ ~ ~9~ -_q~~~' ~
- - - . :
-~:w ~ ~ ~ r?~ ~ ~r, ~rs
e
~.:r~
Y., ~''~s~
w..r~<,~'~=~ u-~ ~~t.~.~ . ~.t'~'.~,"~