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Home My WebLink About0972 . • ~ SIMPL~ lNTERE&T ' PROMISSORY NOTE ~ ~ . PROPERTY RELATED ~ 6,260.9~ ~"~Y 23 , 19 ~6 For value rec;eived, the undersigned (and if more than o~e, each of them jointly and severally), hereinafter called Maker, promises to pay to the order of Sun Bank of St. Lucie County (which, together with subsequent (NAME OF BANK) ~ holders of this note, are referted to as "Bank") at iu office at Ft. Pierce , Florida, the princi- ~ pal sum of Six Thousand 'I~ao Hundred Sixty and 97/100 Dollars + 60.97 ~ with interest from the date hereof at the :ate of 12•~5 96 per annum on the full amount of sai~ principal sum remaining from time to time unpaid, payabie in 60 monthly inst Ilments of $ I41. 6 each on the 22nd day of ~ach successive month commencing on Jun ~2 , ~ g . The Maker ~ promises to pay late charges not to exceed 596 of the amount of any payment or payments in default. A!I payments made hereunder shali be crecliied first to interest and lawful charges then accrued and ihe remain- der to principal. The Maker has the right to repay this loan, in whole or in part, without penalty at any time upon the payment of accrued and past due interest to date of prepayment plus a service fee in ttie amount of the lesser of $50.00 or 2 percent of the princi~al amount of this loan (Amount Financedl, provided, however, ihat any partia! prepayment of principal shall be applied to the instatlment or installm~nts of principal last maturi~g hereunder. The amounts referred to above have been computed upon the assumption that all i~stallment payments will be ; made on the resRective scheduled due dates. The interest is computed on the unpaid outstanding principal balance. If ~ 4 any instatlment is not paid in full on such due date, ihe maker will be obligated to pay such additional amounts as ~ may become payable by reason of the continuing accrual of interest at the rate designated above. Any resulting ~ charges accruing on account of failure to make timely payment on the due dates will cause increases ir~ some of the ~ amounts designated above, an~ such aggrec~ate increase shall be payable at the time of the last installment if such ~ ch~rges do not causa the amount of the ~ast installment to exceed twice the amount of the designated monthly installrr~ent, oiherwise the resulting charges shall quse the number of ~ayments to be extended, providing, howevsr, that no such extended installment payment shall exceed twice the amount of the designated monthly installment. Any insta!Iment payment made prior to any due date or dates, or any prepayment, r~ay cause decreases in some of the amounts designated above for the reason that the unpaid outstanding principal balance will be reduced and the interest rate designa?ed above is applied to such reduced outstanding balance to determine the amount of interest that is due. If the Bank deems itself insec~re, ~r upon the happening of any Qf the fallowing ev~nts, each of which st~all constitute a defa~!t hereunder, al! liabifities of each Maker to Bank shall thereuFon or thereafter, at the oRtion of 8ank, w~thout r~otice or demand, become due and payable: (ap failure of any Obligor (which term shal! 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 hereer~ when due, or to pay any ather liability whatsoever to Bank when due; (b) the death of any Obligor; (c) 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 ~f 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 wrii of attachment o~ writ of garnishment, or the filing of any lien, against any prop- e~ty of any Obligor; (g) the taking of possession of any substantial part of the property of any Obligor at ihe insiance } of any governmental authority; (h) the dissolution, merger, Gonsolidation or reorganization of any Obligor; or 4i) the ~ j 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 loar, the Maker hereby grants to Bank a security interest in all prop- ~ erty of each Obligor now or at any time hereafter in ths possession of Bank in any capacity whatscever, including, E but not limited to, any balance or share of any deposit, trust, or ageht account, as security for the payment of this ~ r~ote, and a similar li2n upon and security interest in all such property of each Maker as secu~ity for the payment of all otner liabilities of each Maker to Bank (including all liabilities of each Maker?. ~ The Obligors, jointly and severally, promise and agree to pay all costs and expenses af collection and reasonable - ~ attorneys' fees, whether incurred in co~nectior~ with collection, trial, appeal ~r otherwise. ~ Presentment, demand, protest, notice of dishonor, and exiension of time wiihout notice are hereby waived by = each and every Obl ~gor. ~ Maker acknowledges receipt ~f a completed copy of this Note an i o above date. ~ ,1~2~5 Hammnr]~ iant~ ~ ~DDRESS SIG TURE ~ Rene T. P Fort Pierce, FL 33453 . ADnRESS SiGNATURE ~OM a~d under - nonbtlloon 3-0454-00~8 N 7/82 ORIGINAL - Ba~k Copy YELLOW - Custamer PINK - Fy~ ; `~'~3'7'7U _ ; _ ; . ~ , r ~t.:.:. ~ • : ~ N; Y i'. l. ~ i)~)~"it,~~i~SA ~ . p , ~ J ~ ' . ' " - : , ~ ~ '8b ,AiN -3 P 3 :34 Fi~;~ . ROGE+~ ~ _:::'~t; 600K5~2 PACE 966 ST. lUC~: - - - - - - ~ •