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HomeMy WebLinkAbout0974 _ SIMP~E INTEREST s PROMISSQRY NOTE ; PROPERTY RELATED a 17,508.67 - ~ 1~tay 23. ~ 19 86 ~ For value rec;eived, ihs undersigned land if more than one, each of them jointly and severaily), hereinafter called Maker, promises to pay to the order of Sun Bank of Sc.Lucie Coun~y (which, t~gether with subsequent (NAME OF BANK) holde~-s of tfiis ~ote, are referred tQ ~s "Bank") at 'ts pffice at Fc . Pierce , Florida~ the princi- pal SUm Of Seventeen Thousand Five Hundre~ Eight b Dollars 17,50$.67 ) with interezt from the date hereof at the rete of 12 96 per annum on the full amount of said principal wm remaining from time to time unpaid, payable in 18Q monthly installments of $ 2~5.80 ; eact? on the ?2n.~.:_ day of each success+ve month commencing on June ~2 , 1g$~._ , The Maker ' promises to p~y late charges not to exceed 59(Q of the amount of any payment or payments in default. All payments made hereund~~ sha11 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 penalty at any time upon the ~ payment of accrued and past due interest to date of prepayment plus a service iee in the amount of the lesser of ~ $50.00 or 2 percent of the principal amount of ihis (oan (Amount Financedl, provided, however, that any partial s orepayment 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 assumpt+on that all installment payments will be made on the respective scheduled due dates. The i~terest is computed on the unpaid outstand~ng principal balance. If any installment is not paid in full on such due d~te, the maker will be obligated to pay such additional amounts as may become payable by reason of the continuing accrual of inte~est at the rate designated above. Any resulting charges accruing on account of failure to make t~mely payment on the due dates will cause increases in some of the amounts designated above, and such aggregate increase shall be payable at the time of the last installment if such charges do not cause the amount of the iast installment to exceed twice the amount of the designated monthly installment, otherwise the resulting charges shall cause the number of payments to be extended, providing, however, that no such extended installment payment shall exoeed twioe ihe amount of the designated monthly instailment. Any instaifinent payment made prior to any due date or dates, or any prepayment, may cause decreases in some of the amounts designated above for the reason that the unpaid outstanding principal balance will be reduced and the ~nterest rate designated above is applied to such reduced outstending balance to determine the amount of interest that is due. If the Bank deems itself insecure, or upon the happening of any of• the following events, ead~ of which shall constitute a default hereun~er, all liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, without notice or demand, become due and payable: (a) failure of any Obligor (which term shall mean and ~nctude each Maker, endorser, surety and guarantor of this note) to perform any provision of the mortgage securing *.f~e repayment hereof, to pay interest hereon when due, ~r to pay any other liability whatsoever to Bank when due; ib) the death of any Obligor; (c) the fi~ing of any petition under the Bankruptcy Code, or any similar federal or state statute by or against any Obligor; (d) an appiication for the appointment of a receiver or the making of a general assignnment for the benefit of crPditors by, or the ir~solvency of, any Obligor; (e) the entry of a judgment against any Obligor; (f) the issuing of any writ of attachment or v+~it of garnishment, or the filing o# any iien, against any prop- ~ ercy of any Obligor; (g) the taking of possession of any substantial part of the properiy of any Obligor at the instance 9 of any governmental authority; fh} the dissolution, merger, consoiidation or reo~ganization of any Obligor; or (i) the ~ ~ss+gnment bv any Maker of any eGuity in the reat property securing this loan without the written consent of Bank. ~ In addition to the Mortgage securing this toan, the Maker hereby grants to Bank a security interest in all prop- ~;rty of each Obligo~ now or ~t any time hereafte~ in the possession of Bank in any capacity whatsoever, including, j but not limited to, any balance or share of any deposit, trust, or agent account, as security for the payment of this ~ ; note, and a similar lien upon and security interest in all such property of each Maker as security for the payment of all ! other liabilities of each Maker to Bank (including ail liabilities of each Makerl. ~ The Obligors, jointly and severally, promise and agree to y all costs and expenses of collection and reasonable atterneys' fees, whether incurred in connection with collection rial, appeal or otherw~se. Presentment, demand, protest, notice of dishonor, and xtension ~f time without notice are hereby waived by each and every Obligor. Maker acicnowledges rece~pt of a completed copy ~ Note and r gage n th ab dat 1308 Parkland Blvd. A~DRESS SIGNAT RE Richard L. ardnei Fort Pierce, F1. 33482 ~ ~ Q.~~~t AUDRESS SIGNATU e u . ar ner Doc Stamps in the amuunt of $26.40 Affixed to Mortgage 5pM ~nd und~r - nonbMloon 3-045,-0068 N 7/82 ORIGINAL - 8-snk Copy YELIOW - Cuttomer PINK - F{M ~ ~ ~ 'U~ _Li~YiE:'1iI~~! .!Ar~1~Y, I•r,!`~'; ~ ~ : ~ ` C t . r : . ~ . . r T^! . 1 . ' ~ ~1 3 P 3 :34 a ~ ~ gb'~ ~~~t_ - . aoac RocFk ~ sr. ~u~,~ ~ - •a,. ,..~`r ,taj~ : i , : , ;i•"`:~ ' . . . . ..'Y--: x,..:r_.i . , ..y, :=e+~„n...~.:..-•~• .,y j~`t~s.' ~.tit?~~.~s+oK:~'+~'1+i~ wi'.: :kt~~,~y,~v!~.-t••~ •~esrCl+-.~r5 ~ ' - - ---::~.~i ~ . ~ t _ •snL. -....an.u~.+~.~Jt~~a2.s~i..r.: , . . ~ ~ . ' - s:. . - ~...:J.r _ . - . S~~ . . . . ~ . _ _ . ~ ~ _ - . .