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Home My WebLink About0970 . SiMPLE ~l~TE~EST PROI~1~$,QRY NQTE ' ' PROPERTY R~f.ATED ~ 8t~04.93 ~ riay 23 19 86 , For value received, the undersigned (and if mpre than or~ a,e~ch f them jointly and ~everally), hereinafte~ called Maker, promises to pay to the o~der Of Sun Bank of St.Lucie ~ounty (HrhiCh, t INAAAE OF BANK) ogether with subsequent ; Ft.Piexce i holders of this note, are referred to as "Bank"~~t its office at , Ftorida, the princi- ~ pal sum of EiRhtY-'hro Hundred Four ~ 9 100 Dollars 8.204,93 ) ' with interest from the date hereof at the rate of 13.00 9{, pe~ annum on the full amount of said principal sum ~ remaiRing from time to time unpaid, payable in 120 monthly installm~nts of $ I22 • S1 ~ each on the 22nd• day of each successive month commencing or, June 22 ~ ~g86 . The Maker ~ promises to pay late charg~ not to exceed 596 of the amount of any payment or payments in default. s All payments made hereunder shalt be credited first to interest and lawful charges ihen accrued and the remain- ~ der to principal. The Maker has the righi to repay this ioan, in wf~ole or in pari, without penalty at any time upon the ~ payment of accrued and past due inte~est to date of prepayment plus a service fee in the amount of the lesser af ~50.00 or 2 percent of the principal amount of this loan (Amount Financed), provided, however, that any partia( ~ prepayment of principal shall be applied to the instaliment or installments of principal• last maturing hereunde~. ~ The amounts rsferred to above have been computed upon the assumption that all installment payments will be made on the respective scheduted due dates. The interest is compuied on the unpaid ouistanding principal balance. If any installm~nt is not paid in full on such due ciate, ihe maker will be obligated to pay such additional amounts as may become payable by reason of the cantinuin5 accrual of interest at the rate designated at~ove. Any resulting ~ charges accruing on account of failure to rnake timely payment on the due dates will cause increases in some of the amounts designated above, and such aggregate increa5e shatl be payable at the time of the last installment if such charges do not cause the amount of the last installment to exoeed iwice the amount of the designated monthly installmeni, oiherwise ihe resulting charges shall cause the number of payments to be extendeci, providing, howeve~, that no such extended installment payment shall exoeed twice the amount of the designated monthly installmenL ; Any instaflment payment made prior to any due date or dates, er any prepayment, may cause decreases in some of the i amounis designated above for the reason thai the unpaid outstanding principal balance will be reduced and the ; :nterest rate designated abcve is apptied to s+~ch reduced a~tstanding balance to determine the amount of interest that ' ;s due. ' If the 8ank deems itself insecure, or upon the happening of any of the following events, each of ~rvhich stiall ~ c~nstitute a default t~ereundsr, all liabilities of each Maker to Ba~k shall thereupon or thereafier, at the option of ~ Bank, without notice or derrand, become due and payable: (a) failure af any abiigor (which term shall me~n and ~nclude each Maker, endorser, surety and g~arantor of this note? to perform any ~rovision of ihe mortgage securing the repayment hereof, to pay inierest hereon when riue, or to pay any other liability whatscever to Bank when due; (b? the death of any Obligor; (cf the filing of any petition under the Bankruptcy Code, or any similar federal or state statute by or against any Q~ligor; (d) an applic,ation 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; te) the eRtry of a judgment against dny a Obligor; (fj the issuing of any writ of attachment or writ of garnishment, or the filing of any lien, against any prop- ; erty of any Obtigor; (g~ the taking of possession of any substaniia! part of the property of any Obligor at the instance ~ ~f any governmental authority; Ih) the dissolut~on, rnerge.~, consolidation or reorganization of any Obligor; or (i) the ~ ~ssignment by any Maker of any equity in the ~eal property securing this loan without the written consent of Bank. ~ In addition to the Mortgage securing ihis loan, the Maker hereby grants to Bank a security interest in all prop- ~ erty of each Obligor now or at any time hereafter in the possession of Bank in any capacity wh~tsoever, including, but not limited to, any baiance or share of a~y cfeposit, trust, or agent account, as security for the payment of this note, and a s+milar lien upon and security interest in all such property of each Maker as security for the payment of all ~ other liabilities of ea~h Maker to Bank (inctuding all liabilities of each Maker). , The Obiigors, jointly and severally, promise and agree to pay all costs and expenses of cnilection and reasonable atto~neys' fees, whether i~curred in connection with collection, trial, appeal or Qtherwise. Presentment, demand, protest, notice of dishonor, and xtension of time without notice are hereby waived by each and every Obligor. Maker acknovvledges receipt of a completzd copy i ote and mortgage on the above date. 2906 Avenue S. ~ , .c~~ AODRE$S . SI T E Aaro ung Ft.Pierc4 F1. 33450 AODRESS SIGNATURE Doc Stamps in the amount of $I2.45 Affixed to Mortgage 50M and urxMr - nonb~lloon 3-0454-OU~8 N 7/82 OR~GiNAL - B~nk Copy YELLOW - Customer PINK - FfN . l . " t i I f C ' ~ • ;:,,,~:f~?~;~ ~ ; r,;~t _ ? ~ ; '~53'ys~3 ; - .,a -~~r`"~ , . . - ~ r . 86 ~V P3 ~~4 f~; . ~ RQ~E,; , ~ ~ ST LUr;` - . p i - - . . _ , -