HomeMy WebLinkAbout0915 SlMPLE iNSEREST
N?~OMiSSORY NOTE
PROPERTY RELA7E0
5 1G,711.91 ;uly 15 ~s6
For vaiue re~erved , th unders~qnec~ Iwhether one or more here~naf;er cai~ed 't~laker"). ~ointly ~nd Seve~~ii:y, promises t0 pdy
Sun ~ank o~ St .Lucie County (wn~ch, t~yE•tner w~th
to the o, 3er - - _
- - - - ,hati~E OF Ba~:K~
su5sequent hoiders ot th~s no~e are referre~ ta as "9ank" at ~tg oh~ e at t. Pierce Flonda,
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tne pnnc~pal sum ot _ Ten Thousand Seven Hun~+red E~even 3 91 JI00 DoUars ~S __1 C~, ?11.91 ~
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w~;h ~nterest from the date hereof at the ?ate of 13_.07 ~o ~r annum on ihe tuli amount of said pr~ncipai sum rema+n~ng trom
t~me to hme unpaid, payable ~n ____.__120 monthty ~nstallments ot S_._ 160.36 each on the _ 14th day
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o! each successwe month commenc~ng on ___~u~__14 ~ggb Th~ R,laker promises io pay ~ate charges ~
not to exceed 5°0 of the amount of any paym~nt or payments ~n default.
All payments made hereunder shall be cred~ted f~rst to mterest and lawful charges then accrued and ihe rema~ner to prmapal.
r,laker has the r~ght to prepay this note. ~n whote or in part, w~thout penalty at any t~me upon ths payment ut accrued and f~ast due
,nterest and charges to date of prepayment plus a service fee in th2 amaunt ot the ;esser ot ~50.00 or 2 percent of the pnnc~pal
amount of th~s ~oan (Amo~n, Financed), prov!ded, however, tha: any part~ai prepaymsnt of prmc~pai sha~? be apphed to the ~nsta~iment
or installments of pnnc~pal last rnatur~ng hereunder.
The arnounts ~eferred to above ~ave been computad upon the assumpt~on that all ~nsl~ Ilment payments w~li be made on th2
~espect~ve schedu!e~ due dates Interest accr~es on the unpa~d outstand~ng pnncipai ba~ance. IS any ~nstaHment ~s not pa~d m full on
the due date. Make: w~il be obhgated to pay such add~t~onal amourts as may become payab!e by reason ot the cent~nu;nc~ accrual ol
~~terest at the ~ate des~gnated above Any resu~hng charges accru~ng en acco~nt of faiture to make timely payment on the due dates
„~I~ cause ~ncreases ~n some of the amounts des:grated above. Any ir;tai'meni payment made pnor to any Uue ;~ate or dates. or any
F,rEpaymc;nt. may cause~ decreases ~n some cf 'he an~~unts des~gnated ab~ve for the reasen that the unpa~d outstand~ng prn~ipal
:~a:ance wu! be r~duced ar:d the ~nterest *a,e ces~gnated abcve ~s app!~ed to such reduced outsiand~r~y batance to dete~m~ne the am~unT
~t ~nteres! that ~s due
ff aanK deems ~tseit mse~ur~,~ o~ upon the happenmg ot any of tiie foliovnng events each of wh~ch shall const~tute a default
nc•~eunder. a~i i~ab~l~oes oi each Maxer ;e Bark shall thereupon or thereatter. ~t the option of Bank, w~thout notice or demand, becom~
:~e and payable. la~ fa~!ure ot any Obl,gor ~wh~ch terrrz shall mean and ~nclude each Maker, endorser, surety and guarantor of th~s
~:ute~ to perform any prov~s~on ot ~iny secunty agreement or mortgage secunng ;he repayment hereot, to pay ~nterest hereon when
~.~e. or to pay any other I~abil~ty wha;soever ;o E3ank when ~ue; (b} the death ot any C~bl~g~~: (c) the hhng of an~ pehUOn under the
G~nkruptcy Code, or any similar federa! or state statute by or aga~nst any Qbl~gor. (dj ar applicat~on for the appointment of a rece~ver
c,~ the m~h~ny ot a general asslgrnnent 'or the benef~t oi cred~tors by, or the ~nso~vency ot, any Obtigor, (e) the entry of a ~udgment
aya~nst ar.y Obt~gor, (t) the ~ssu+~g ef any wnt of attacnment or wnt of garrnsnment, or the f~fing ot any ~~en, aga~nst a^y property of
any Obhgar. ~g? the tak~ng o' possess~or ot any substant~al part of the prope~ty of any Obl~gor at the ~nstance of any gove;!~iiie~iiai
authonty Ih) the d~ssalut~on. mergEr. consoi~daUon or reorgan~zation oi any Obligor; or (i; the ass~gnment by any Maker of any equrty
;n the real property wh~ch ~s secuniy for th~s note. except as ~s pern;~ite~ under the terms of the mortgage. w~thout the pnor wntten
~~onsent of Bank.
In addd~on to th2 mortgage secunng th~s loan, Maker hereby grants to Bank a secunty mte,es! ~n all property of Maker now or
a! an~ t~me hereafter in the possess~on of Bank ~n any capacrty whatsoever, includ~ng but noi limited to, any balar~ce o? share ot any
depos~t. trust. Gr agent account, as secunty for the payment of th~s note, ana a similar lien upon and secuntv ~~terest ~n aIi such
property of each Maker as securrty for the payment ot at! other 6ab~liUes of each Maker to Bank (inctud~ng a!I hab~i~t~es ot each Maker).
The Obl~gors. jointly a~d severally. prom~se and agree to pay alt costs and expenses of collect~on and reasonable attorneys'
'ees, whether ~ncurred m connect~on w~th coilect~on, tnal. appeal or o~herwise.
Presentment, demand. protest. noi~ce ot dishon~r, and extension of time without notice are hereby waived by each and every
Obi~gor {
Maker acknowledges race~pt of a complet~d copy of th~s note and mortgage on the above date.
NOTICE TO COSIGNER: You are being asked to guarantee this debt. Think carefully b+efo,e yUU do If the ~ I
' ~ borrower doesn't pay the debt, you w~ll have to. E3e sure you can a.fford to pay if you have to and that you ~
- want to accept this respons~bi6ty. ~
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t I You may have to pay up to the full ~mount oi the debt if the borrower does not pay. You may also have to ~
~ pay iate fees or collect~on costs, wh~ch increase this amount. j
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~ i The Bank can collect ihis deht }rom you w~thout first try~ng to colfect from the borrower. The Bank can use the ~
~ ~ same coi~ection methods aga~nst you that can be used aga~nst ~he borrowe~, such as su~ng you, aam~sh~rg ~
~ i your wages, etc. If this deb: ~s ever ~n detault, thai fact may become a part of r~our credif record. ~
i
~ ! Th~s not~ce ~s not the contract that makes you I~able !or the debt. _ j
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3101 Mohawk Ave. ' '
z ADCRESS ~ , . "SIGNATURE Fran llen ~rer
~ Ft. Pierce,Fl. 33450 ~ .
~ s ~ 1~,~~~ ' ~-lCt .
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~ A~DRESS SIGNATURE Andra Cecil arer
~ Doc stamps in the amount of $16.20 affixed to mortgage
~ 50M and under - nonballoon.
~ . L--._= _ _ : . - . `~'7`,~481
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~ ~Q~~ 508 P~~F ~15
ORIGiNAL - Ba~k Copy YELLOVV • Customer PINK - F~le
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