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Home My WebLink About0990 SIMPLE INT~R~ST : t PROMISSORY MOTE , ' PROPERTY RELATED ~ 8,042.23 June 3 ~19 86 For value received, the undersigned~(undBf~rr~oro~h~t ~ns~~ac~ uf~tem jointly and severally), hereinafter callsd : Maker, promises to pay to the order of y (which, together with subsequent (NAME Q~F 6ANK1 ~ holders of this nQte, are referred to as "Bank") I ts Qffice at Fc . Pierce Florida, the princi• ~al sum Of ~ight Thousand Forty-'I~ao b~3~100 Dollars 8+0~+2 • 23 ? ~ with interest from the date hereof at the rate of 13 .41 % per annum on the full amount ot said principal sum } remaining from time to time unpaid, payable in 96 monthly installments of $ 135.17 _ 4 each on the 3rd day of each successive month commencing on July 3 , 19 86 , The Maker ' promises to pay late charges not to exceed 596 of the amount of any payment or payments in default. Alt payme~ts made hereunder shall be credited first to interest and lawfu! charges then accrusd and ihe remain- ~ der to principal. The Maker has ihe righi io repay this loan, in wh~le or in part, without penalty at any time upon the ` payment ~f accrued and past due interest to date of prepaym~nt plus a service fee in the amount of the lesser of ~ $50.00 or 2 percent of the principal amount of this loan (Amount Financed), provided, however, that a~y partial ( prepayment 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 assumption that a!! installment payments will be r:~ade on the respective scheduled due dates. The interest is computed on the unpaid outstanding principal balance. If any installment is not paid in full on such due date, the 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 pn account ef failure to make timely payment on the due dates will cause i~creases in some of the amounts designated above, and such agg~egate increase shall be payable at the t;me of the last installment if such ~t,arges do not cause the arn~unt of the last instalfinent to exceed twice the amour.t of the designated monthly :nsta!lment, otherwise the resulting charges shatl cause the number of payments to be extended, providi~g, however, ~r~at na such extended instal;ment payment shall exceed twice the amount of the designated manthly installment. Any installn~eni payment made prior to any due date or dates, or any prepayment, may cause decreases in some of the amounts designated at~ove for the reason that the unpaid outstanding principa! balancs will be reduced and the rite~est rate designated abovE applizd to such reduced outstending balance to determine the amount of interest that <s due. tf the Bank deem,s itsetf insecure, or upan the happening of any of the following evenLS, each of which sha!I ' corststute a default here;:nder, all liabifities of each ~Jiaker to Bank shall thereupon or thereafter, at the option of ~ Bank, without notice or dema~d, become due and payabte: ia) failure pf any Obligor (which ierm shall mean an~ ~ i;,ciude each Maker, enderser, surety and guarantor of tttis n~ie) io perfotm any provision of the mortgage securing the repayment hereof, to pa~~ interest hereon when due, or to pay any other liability whatsoever to Bank when due; Ib? ihe 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 of a general assignnment for the benefit of cred`tors by, or the insolvency of, any Obligor; (e) the entry of a judgment against any Obtigor; (f) the issuing of any tivrit of attachR~ent or writ of garnishment, or ihe filing of any lien, against any prop- erty of any Obligor; (g? the taking of possession of any substantial part of the property of any Obligor at the instance o~ any governmental authority; (h} th~ disso!ut~on, merger, consolidation or reorganization of any Obligar; or (i) the as~ignment by any Maker of any equity ~n the real property securing this loan without the written consent of Bank. In addition to the Mortgage securi~g this loan, the Maker hereby grants to Bank a security interest in all prop- erty of each Obligor no~•~ or at any time hereafter in ti~e Qasse.ssion of Bank in any capacity whatsoever, including, but not limited to, any balance or share of any deposit, trust, or ageht account, as security for the payment of this note, and a similar lien upon and security ~nterest in ail such property of each Maker ~s security for the payment of all othsr liabilities of each Maker to Bank (including all liabilities of each Maker). The Obligors, joint~y ar,d severally, promise and agree to pay all cosis and expenses of coitection and reasonable aitorneys" fees, whether incurred in connection with collection, trial, appeal or otherwise. Presentment, demand, protest, notice o~ dishonor, and exiension af time witha~t notice are hereby waived by ~ each and every Obligor. , Maker ack~owledges recei~t of a completed copy o# this Note and mortgage on the above da . Rt 8 Box 9(~UA -z.s a~DRESS • SIGNATUR - Joram 0. Petersen ~t.Pierce, Fl. 3s4~1, AL~DRESS SIGNA RE ` Doc Star~~s in the• anuuiit oi $12.15 Aifixed to Mortgage 50M ~nd unde? - nortbrlloon 3~`'"~"~8 ~ ~~82 QRIGINAL - Bank Copy YELLdW • Customer PINK • Fik - - - ; t ~ ; ` '76~s'783 , _~~i ~ r~ ' i ,TAI+I:F r. . i1Mt~;AK'! . ~ " ~ ~ _ . . ~ ; _ ~ ~ , : '86 Ji1AlI -3 P 3 :41 `ti ~ FiLC - ROG~ = . ST. LUG~ C:;~~,', r~i~~'~ aooK502 ~ac~ 9$4 . _ _ _ - - - - - w-- _ - - - -