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Home My WebLink About0976 SIMPLE INTEREST • PROMISSORY NOTE ~ • PROPERTY RELATED 4 8889. 06 ~ . , . . , , • , Aiay 22 ~ ~ ~~6 - . • . . i_ . .l . . j' , . . ' - . For~value received. :he undersigned (and if mo~e than one, each of them jointfy and severally), hereir;after c;alled M~:k~ , promises to pay to the orderof Sun ~~,nk of St L«cie CouncY _{vyhich, together with subsequent . . . . . :u i;:. s . (NAMEOF BA~JK) • hoiders of t i$ note~ are~refecre~ t'as "B k" ti off' e at Fort Pierce Florida, the princi- pai sum of ~ight fihousand E3g~it Hunc~re~ ~ig~Cy ~~~line an - Dollars b6 ~ tivith interest fram the~date hereof at the rate of 13.62 % per annum on the full amount of said principal sum remaining from time to-time unpaid, payab4e in ~j+ monthiy installments of $ 164 . 73 each on the• 21gt' '`tlay of each succe5sive month commencing on J".r._ 21 , 19 ~E' . The Maker promises to pay,late charges not to exceed 5% of the amount~of a~y payment o~ payments in default. AI~ payments made hereunder shal! be credited iirst to interest and lawful charges ihen accrued and the remain- der to arincipal. The Maker has the right io repay this 1oan, in whole or in part, withoui penalty at any time upon the ~ paymeni of accrued and past due interest Lo date of prepayment plus a serv~ce fee in the amaunt of the lesser of ; 550.00 or 2 percent of the principal amount of this loan (Amount Financed), provided, however, that any ~artial . rrepayment of principal shall be applied to the instat(ment or instaflments af princip~l last maturing hereunde~. - The amounts referred to above have been compuied upon the assum~tion that al! installment payments will t~e rr~ac~e on the res~ective scheduled due dates. The interest is cor~nputed on ihe unpaid outstanding principal balance. lf any installment is not paid in full on such due date, the m2ker wi":I be obtigated to pay such additionaf amounts as n~ay become payable by reason of the continuing accrual of inrerest at the rate designated above. Any resulti~~ c~?arges accruing on acCOUnt of faifure to make timely payment ~n the due dates will ca~se increases in sorn~ of th~ • amounts designated abo~le, and such aggregate increase sha)! be payable at the time of the last installment if su~h ' charges do not cause ihe amount~of the last installment to exceed twice the amount af the designated mon;hl~,~ installment, otherwise the resulting charges shalf cause the number of payments to be extended, providi~g, t~otivever, that no such extended installment payment shall exceed t4vice the amount of the designated mon?h!y ir;s;a!lmeni, Any installment payment•made prior to any due date or dates, or any prepayment, may cause decreases in some o` the amounts designated abave for the reason that the unpatd outsianding principal ba~ance will be reduced and the ; i,~terest rate r~esigr~ated above ~s applied to such reduced outstanding ba!ance to determine the amount of inter~st that is due. f the Bank deems itself insecure, or upon the happening of any of ;fie foliowing everis, each of ~,vhich shail constitute a default hereunder, ail Iiabilities oE each Maker tc~ Sank shall there+~pon or thereafter, at the option of _ ~ank, without notice or demand, become due an~ paya5le: ta) failure of any.Obligor iv~hich term shall mean an~ ° ~c~ude each Maker, endorser, surety and guarantor of this ~ote) to perform any provision of the mortga~e securinn ~ ;~e repayment hereof, to pay interest hereon when due, or to pay any other liabiiiiy whatsoever ta Bank when due; ; ;b) the death of any Obligor, Ec) the filing of any petiton under the Bank~ uptcy Code, ~r any similar federal or state ~ statute by or against any Obtigor; (~i) an application for the appointment of a recei<<er or the mak;n~ of a gan^ra{ ; ~ssignnment for the benefit of creditors by, or the insolvency of, any Obligor; (e) the entry of a jud~ment a~ainst any 'f ~bligor; if) the issuing of any writ of attachment or writ of garn~shment, or the fi!ing of any !+en, against any prop- er:y of a~y Ob~igor, (g) the taking of Fossessi~n of any substantial part of the rroperty of any Obligor a: ?hs instance "r any governmental a~thority; (h) the dissoiution, merger, consolidation or reorganization of any~ Obl;g~r; or !i) the assignment by any Maker of any equity in the reai property securing this loan wiihout the ~~rritten consent of Bank. in addition to the Mortgage securing this loan, tt~e Maker hereby grants to Bank a security internst ir a~l prop- ~ ry of each Obligor now or ai any time hereafter ~n the possession of Bank ir~. any capacity ~~~hatsoever, inc!udinc~, ; but n~t limited to, any balance or share of any deposit, trust, or agent account, as sec~rity for the payment of this ' note, and a similar lien upon and security interest in all such property of each I~fiaker as security for ~he pay~2nt of afl o;ner liabilities of each Maker to Bark (including all ;iabilities of each NfaKer}. The Obfigors, jointly anci severaily, promise and agree to pay all costs an~ ex~enses af ~of!ection and reasonable a;,crnpys' fees, whether incurred in conneciian wi±h collectio~, trial, appeal or othen~~ise. Presentment, demand, protest, notice of dishonor, and extension of ;ime ~vithout notice are f~ereby :vaived by - each and every Obligor. ~ Maker acknowledges receipt of a compfeted copy of this Note and o tga; on t e above ~'ete~ ~ ~ ~ ` , \ 904 Coral Street ' + / N L D R ESS ;f~~ SIGNATU E . . ~ ~ Ft Pierce F1 33482 , f ADDR SS SIG TiJ E ? , ~ s.~R.1 andunder-nonballoon ~oc star?ps i n amount of i3.35 affixed to :.ort~age '"6~`.~t'Q0~'8 N ~~82 ORtGINt1L - Bank Co~y YELLOVY - Customer PINK - Fi,. . _ - M c -_r. - - - , . . ~~a~~ ~ j 1 ~ . . , - . ~ ~ ~ i i ; ~ r ~ i.~~~~~t~A~/:ttJ(AA+ ;iAltiiF it-_.:': ; . •i_: " - . . ~ _ . , _ ~ r~ U~i -3 P 3 `./`T F~L: _ : + ROGE~. ; - ~~r, 5T. IUC~t ~ ~ . ~ ~ R ~02 P~~~ 970 ~~GK