HomeMy WebLinkAbout0988 ~ ` . SIM?'LE INTLREST
f-~~-~~'n f PROfv11SSURY NOTE
' . PROPF9TY ~El~ATFD
s L ~1089 . 3 3 • _ , . . 3 , 1 ~-:il~---
For valuc ~~ei~•;:d, the undersigned ian ifr~ ore th~n ne, e~ch of thern jointiy and se~~eraliyl, I.erE~inaftar ;~~i~~.:_;
Sun~an4c o£ St ~~ucie Coiutty
^:1a::er, promises to pay to the order of (which, togett~,~; r,~ith subscca~.cr:;
. . , . (~iA~,AE OF BANK)
i~olders of this note, are referred to ~s "Bank") at its office at For~ Yierce tf,~ p~~nc~-
Ten fhousand ni~~i,; Nine and 33/100---___ 1O,(~~;~i. _>.~i ~
~um of ~ - Doll~~~s ,
;vith interest from the date hereof at thc rate i3• 5i °io per annum an t'~e fufl an~ount ~i saicl r..rir~c+,;:,! s~,n;
remainin from time to time un~~id, payable in monti~i;~ installmer:~; of ~ 154. t~ ;
9
eaci~ an the ~2nd ~ day of each succes~+ve month commencine~ on ~T~~'<< ~z , 1~J . i he i.-,a~:er
E,i omi5es to pay ~oi8 C~:: ::°s not to exceeJ 5% of t' . amount of an ; payme«t or payments in dPfui~~t.
All r~ayn;ents made hereunder shall be credited fir'st to interest anc: ia~.r~ul char~e~ then accr;;~d ar~~ tha rer;~.:ir~-
c-~- to principai. The Maker #~~as the ri;ht to repay this lean, in whole C~~ ~n p~ri, ~vithout penaity at ar:~;~ time upon ;h~;
c;::yment of accrued and past c`~~^ interes! t~ date of prepayment plUS a scrvice fee in ihe amount o` th? IL~s::r c`
~~^.00 0~ 2 percent of ine ~rincipal amount of this loan (Amour~t Financed), provid~d, however, that any parti~,l
~ .~;ayrrent of principal sh~ll be applied to ihe installn,,ent or installments of orincipal !ast maturi^ , f,~r~~,~nd::r.
The amoun?s referred to above have been compute~ upon the assun;ption tha; all in;tallm~nt ~:a; r~.ents ~ii be
~.~:~1'e on the respective schedu!ed du^ dates. The interest ~s computed on the unpaid outstan;'~~~,, pri^c~c~i t~a1-~r~ce.
ar:•,- installment is n~t paid in fuil on such due da,e, .he maker ~viil be o~'~~ated to pay s~.~ch ad;,+~ti~: ~G; ;:r;,;o~_:nts as
,"~y becon;e nayable by reason of the cont~~,;:ing accrual of in,erest at thc ::±e de~~~,~n~ted ~:~le:~:. ; ~s:,;;ir,c;
:`'.~fs~S aCCfillf:g on account of f.~ilure to mai~e tim~~y r7a~~R1~(lt Ofl tf1C E~;:~ C~~3?e5'.~i:~ C~~.-~'^+`~'~i:S~'.~ ifi Oi c'
~::-,ounts desinnateu above, and su:: a;gre^ate ircreas~ sha'sl be nayabie at the time of t:~:i last ins>.- '~^,.e~~t if
do not cause the amo~nt of ih~ last installm~nt to exceed t~.vic; the amount of th~~ des~~~~~,a~e~: m~ ntf;l.:
in;tal ,~eni, otherwise the resulting charc~es shall cause ;he n•amber of payrnent~ be extena~d, ~ro~:;~~ir~;, !~o:~:e~~~er,
t'-~~t no such extended installment payment shali exceec~ twice the amo~.r• of the d~sigr,ate~J monti,!•; insta~lme~t.
r~ny installmen; payment ma~e prior to any due daie or dates, or any prepay~: ~it, may cause decreas~~~ in ;on,.~: o~ *;~e
~.~no::n;s desi~nated above for the rea~on that the urn~id outst~nc;~~~ princ~•~~i baiarce ~r~+;l ~e r~ci~_.~e~~ and t',e
::~~;~rest rate designated above i~ applic~ to such reduced cuis[ar:dir,g b~iance cietermine ti;e amo~_.r-~: ir;~:r~~~;
d~.,~. ~
If the Bani: deems itself in;ec~r:, or upon 'he ha,,~rning ~f any o~ the follo~;:ing e~~ents, ~~~a~~~~ c~ .:~i~ s`~a~i
_-^S;itute a C~°~~ U~i hereunde.*, I:.!'~~i!iUes of °cCfl :~.IdKEf ;O ~aflr Sru'~ iil~~~~~:;~G(1 Or ttl;;ft~~~:~:', iii ^;~i.Of1 v`
~'Yi(`"' . f1CZ;C° ar demand, b°:^:71@ CfU@ 8f'.~~ ^aya~~~: ~a) failure of otl`r :~U~iC;~;f ~'.:f-~iC~l 'Cf;?1 _.Ji .
. ,`~:e ~<:c<< i.~: ~~::;r, ~ndorser, suret~.- a~c~ ~uaran,or o~ t~is nctet tu ~erforn~ :ny ~r~ ,;~~;:~r, o` „ - , _ ~ :!.r~~~
: _ f~~~','rf~::i'~ ilC'~Ot, ,o pay inter:i,ii nereon when GuB, Of 20 ~3y any ci;lJ~ ~~8:; . ;?t . _ . ~ .~1~. , , . ,
t~,e r::~t;~ o- any Obligor, (c) tf~e `~,;nr~ of any pet~tion ~,nder'he t~31~~:r~ntcy Gcci~ ~r ~,r.~ ,:.,:r,:. c-
~:.:~te b~,t or ::;a~^st any Obligor; (d) an applicatio~ ~or tre a~3N::;~~tri~ert c~ ~~~r ~,r t;~,. r„~.. .
._:~;rr~;~,~nt ~o, tne benefit of credito-~ or the insolvenryo uf, ar~~~ Obl;~-~r; ic) ~ntr~; ;~f ~~r;,~:;~ <:~,~irst an~,
,._.:;~~i; ~ i~ t~:e ;~suin~ of any ~v; it of aii~ct;ment or ~vrit Of ~uf(115'l~~Eili. UC if1t; ;`;~If;~ p~ c~fl`j' itCil, il~;~ i ur'~' 'C;'-
Ji :il';~ Uiil1~0; tne takiny or ~OSS~~.iiOfl Oi ar~y su~sta~~t~ai ~]uft Ui ~;(C~~:; Oi ~Li`~ l~ii1::0~ ~t'~...~:+1~.
~±~1`/ ~OVB~rmental aUthOflt)/; ~h~ 2t~C C~fSSO~UtIOiI, f118fj8~, consoiidati~r~ Of ft;O~~,i1~~ai10(1 O~ c7~1`f ~i:.::`~~~; O" :t~3
:~~11;;^~ tJ`~ 8t1~,~ Maker o~ any ecuity Ifl t' ' Cc~~ ~1fO~~Ci'y' S~CUi i~Cj itL'; iO~i~ ~':!'I~CU2 Lf1C V:~(i~C!1 C1 ,=,vtl~.
~fl u^G'G:.IOfI to the Mortg~~. ~~curinc~ :il~., iCan, tli~ ~.i:!~?f h~reby ~lfufliS ;O ~.:t< c3 S~C~J~+i`/ ~,.i°;~S' ~~l ail ~f07-
_ Q~ ea;,n O~iir;or r;o~v or at 2n`J LiR1Q Ii2fe3ii@~ If! i~e pos~ession c: u~ii;: Ifl ~1;1'/ C~;~aCl2y' '1c~iSC:"•-'~•~, li %It':~7,
i~0i ~I~iEi?';.Ci i^ 2ili~ h~!anc° iri S~:_+~E', i: .'„y~ i:.^.~C•~I:, `lfUSi, Cf 2?s:C~t i:~i,~=::fli c;, .,...,Jil~ ' iGi i~:-~:_' „,~.i !~i i!1!.
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~~,0~9.33
~ ReCetve~d In Payment Of Taxas ~i~
Due t~n C'ass "C' In'an ;ib,e Personal Pro?er;y,
~ Pu: suant To Chap er l i, 134, Acts f 1971.
ROGER Pil7r`2~1S ~
Clerit Circbit COUtt, St LuCie~ CO; 3. .n! D~,~ ~
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BOOK ~~G PAGE ~7~Z
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