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Home My WebLink About0957 SlMPLE INTER!EST PROMISSORY NOTE ~ PROPERTY RELAl'EO $ 3.~)O7.8'l Fc•b. 26 , 1986 For value received, the undersigned (and if more than one, each of them jointly and severally), hereinafter called titaker, promises to pay to the orde~ of SunBank of St . Luc ie c:ouncy (Which, together with subsequent (NAME OF BANK) !~olciers of this note, are referred to as "Bank") at its office at r c. Pierce _ , Florida, the princi- ~a~ sum ef Thirtv-N ne Hundred Seven S 82/100 Dollars 3,907.82 ) ~~vith interest from the date hereof at the rate of 15.00 9~ per annum on the full amo~nt of said principal sum remaining from time to time unpaid, payable in 36 monthly installments of $ 135.47 eact~ on the 28th day of each successive month commencino on ~larch 28 , ~g86 , The Maicer ;~romises to pay late charges not to exceed 5% 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- der to principal. The Maker has the right to repay this loan, in whole or in part, without penaity at any time u~on the payment of acc~ued and past due interest to date of prepayment plus a service fee in the amount of the lesser of $50.J0 or 2 percent of the principal amount of this loan (Amount Financed), provided, however, that any partial prepayment 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 rnade on the respective scheduled due dates. The interest is computed on the unpaid outstandi~g principal balance. If ary installment is not paid in full on such due date, the maker will be obligated to pay such additional amounts as may become payable by reason of the continuing accruai of interest at the rate designated above. Any resulting cnarges accruing on account of failure to make timely payment on the due dates will cause increases in some of the amounts des+gnated above, and such aggregate increase shall be payable at the time of the last installment if such cr~arges do not cause the amount of the last instaltment to exceed tw~ce the amount of the designated monthly install~nEnt, otherwise the resulting charges shall cause the number of payments to be extended, providing, however, that no such extended installment payment shall exceed twice the amount of the designated ~~onthly installment. Any installnlent payment made prior to any due date or dates, or any prepayment, may cause decreases in some of the amounts des~gnated above for the reason that the unpaid o~tstanding principal balance will be reduced and the ~n;erest rate desiynated above is applied to such reduced outstending balance to determine the amount of inte~est that ~s due. !f the Bank deems itself insecure, or upon ;he happening of any of ihe followinc~ events, each of which shall c,orstitute a default hereunder, all liabilities of each Maker to Bank shaU thereupon or thereafter, at the option of I B~nk, w~thout notice or demand, become due and payable: (a) fai~ure of any Obligor (which term shall mean and nciude each Maker, endorser, surety and guarantor of this note) to perform any prc~vision of the mortgage securing ~.~:e repayment hereaf, to pay interest hereon when due, or to pay any other liability whatsoever to Bank when due; +b) the death of any Obligoe; (c) the filing of any petition under the Bankruptcy Code, or any similar federal or state ~;at~te by or against any Obligor; (d) an application for the appointment of a receiver or the making of a general oss~gnnment for the benefit of creditors by, or the insolvency of, any Obligor; (e1 the entry of a judgment against any Ob~~gor; (f) the issuing of any writ of attachment or writ of garnishment, or the filing of any lien, against any prop- , ~rt; of any Obligor; (g? the taking of possess+on of any substantial part of the property of any Obligor at the instance of any governmental authority; (h) the dissolution, merger, consolidation or reorganization of any Obligor, or (i) the ~ assignment 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 granis to Bank a security interest in all prop- ~ e~~y of eacn Obligor now or at any time hereafter in the possession of Bank in any capacity whatscever, including, ~ut not limited to, any balance or share of any deposit, trust, or agent account, as security for the payment of this note, ar~d a similar lien upon and securiLy interest in all such property of each Maker as security for the payment of all otr~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 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 ; e~ch anci every Obligor. Maker acknowledges receipt of a completed copy of this Note and mo~igage on the above date. ~ ~ 2705 Ave R. ~f g ADDRESS SIGNATUR A erta Hair ~ Ft.Pierce,Fl. 33450 e ~ 's ~ kD~RESS SIGNATURE ~ Doc Stamps in the amount of $b.00Affixed to Mortgage ~ : 4 50M ~nd under - nonb~l:oon s ; 3-4454-0048 N 7/82 ORIGINAL • Bank Copy YELLOW - Customer PiNK • Flle a r~ ~ ~ y ; r 3~~~g ~ 7. - ~ ~'~~~3:3~1 . ~ ~ ~2 ;4~ - _ 86 ( ~ ` t~ r . ROGE~'~ ~ • ; ~ - . _ , . . ST. LUCt± ~ . ~ „ 3~,:~~ ~~w t'~GE ~O ~ ~ ~ ~ . _ . . - . . . . . . _ . . . . . . . ~ . - . ~ . _ . . . . . . - - , . ~,.r-. . - - _ . _ . • . - ~v ~ . ~-"tm-~~~e,:;a~~-v.~~~~~ ~:~~"~":~¢sF'~~