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Home My WebLink About0917 _ , _1, _ _ ; ; SIMPLE INTEREST r~t-?~•,..~~ ~ ~~~f K ~ ~ ~ ; , . . ; . : PROMISSORY NOTE _ PROPERTY RELATED ~ = ~J~ ~ . ~ ~ .b. ~ 10,345:29 , . . . . , ~ . . . . . . . July 11 . ~ ~ 1S 86 _ . . . . , , . . . , . . . ~ . . . - . . , . , . . For value received, the undersig~ed iand if more than one, each of ihem jointly and seve~ally), hereinafter.called ;y1aker, promises to pay to the o~ der of Sun Bank oi- St Lucie County {tiyhich, tcgether with subsequent . _ • , . - ~ . . ~ . • . (NAME OF BANK) • , . , , . , . . holCers of this note~ are refe~red to as "Bank") at its office at ' Fort Pierce ` ' Florida, the princi- pal sum of Ten T~ousand Three Hundred Forty Five ,and 29 10 Dollars 1$1 4~5.29 ~ with interest from the date hereof at the rata of ~ '~S 11. 9b per~annum on the f~~ll em~;:nt of said principal sum remaining from time to time unpaid, payablein ' 12~ monthly instal(ments of $ 146.93 each on the lOth day of each successive mopth commencing on August ' ~g ' 8b ,~The. Maker promises to pay late charges rot to exceed 5~'0 of the amount of any payment or payments in default. All payments m2de hereunder shall be crediied first~ to intErest and lawful-charges then accrued and the rPmain- der to principaf. The Maker has the right to repay this loan, in whole or in part, without penalty at any time ~~pon the payment of accrued and past due interest to date of prepayment plus a service fee in the amount ~f the lesser of ~5J.00~ or 2 percent of ihe principal amount of this loan (Amo~~nt Financed), p~ovided, however, that any partia( prepayment of principal shall be applied to the installment or installments of principal last maturing hereunder. The amo~nts refe~red to above have been computed upon the assurri~tion that all insta!lment payments will be made on the respective scheduled due daies. The interest is computed on the unpaid outstanding principa! balance. If a~y instal;ment is not paid in fufl on such due date, the maker will be obligated to pay such additional amounts as ~-nay become pa•,~able by reason of the continuing accrua! of i~terest at the rate designated above. Any resufting ct~aryes accruing on acc~unt ~f failure to make timely payment on the due dates will cause i~creases in some of the amounts d~signated above, and such aggregate increase shafl be payable at the time ofi ths last instailment if such charges do not cause the amaunt of the last inctallment to exceed twice the amount of the designated monthly ir~stallment, otherwise the resulting charges shall cause the number of payments to t~e extended, providing, hovvever, trat no such extended installment payment shall exceed twice the amount ofi the des:gnated monthly instal{ment. Any installment paymeni made prior to any due date or dates, or any prepayment, may cause ~ecreases in sorr~ the amounts des+gnated above for the reason that the unpa~~ autstanding principal balance will be reduced and the incerest rate designated above is applied to s~ch reduced outstanding balance to determine the amount of interest that ~s due, , If~ the Bank-deems itself insecure,~or upon the happenir,g of any of the following events, each of which shall con;titute a default hereunder, all liabilities of each Maker to Bank shall tF~ereupon or thereafter, at tl~e option of Bank, without notice or demand, become due and payable: (a) failure of any Obligor (which ierm sha!! mean and include each P~laker, endorser, surety and guarantor of this note) to perform any provision of the mortgage s~curing the repayment hereof, to pay interest hereon when due, or to pay any other liability whaisoever to Bank when due; ib) tne death of any Obligor; fc1 the filing of any petition under the BankruGtcy Code, or any similar federal or state statut~ by or against any Obiigor; !d1 an application for the appointment of a receiver or the making of a aeneral assignnment for the benefit of creditors by, or th~ insolvency of, any Obligor; (e) the entry of a judgment againsi any Obligor; (f} the issuing of any writ of attachment or writ oi garnishment, or the fiiing of any lien, against any prop- erty of any Obligor; (g) the taking of possession of any substantial par~ of the property of any Obligor at the instance ~f any governmental authority; (h) the ~issolution, merger, consaiidation or reorganization of ~ny Obligor; or (i) the assigninent by any Maker of any equity in the real property securing this loa?i without the written consent of Bank. In addi:ion to the Mortyage securing this loan, tne Maker hereby grants to Bar~k a security intierest in all prop- erty of each Obligor now or at any iime hereafter in the possession of 8ank in any capacity whatso~ver, including, but not limited to, any balance or share of any deposit, trust, or agei-~t account, a~ security for the payment of this note, and a sim;lar lien upon and security interest in al! such property of each Mafcer as security for the payment of all other liabilities of each Make~ to Bank 4incfuding all liabilities of each Maker). The Obfigors, jointly and sev~rally, promise and agree to pay a(f Costs a~d expenses of collection and reasonable attorneys' fees, whether incurred in connec±ion with coflection, tr+al, appeal or otherwise. Presentment, demand, protest, notice of dishonor, and exiension of time wiihout notice are hereby ~vaived by each and every Obligor. - Malcer acknowledges receipt of a completed copy of this Note and mortgage on the above date. 1 l2 f:arr~~nia AvonuP~ Ft PiPrrP~ F1 ~ 43 5(~ kDDAESS si~ uaE J. Glenn Muse 112 Gardenia Avenue, Ft Pierce, F1 33450 • . ADORESS v 24 i~N TURE Mar lyn L~ Mus f~rmerly known as P3'49 Marilyn L Basa Doc Stamps in the~~ unt of ;15.60 affixed to ~ortgage ~ 5'OM ~nd under - nonb~it~ 3-0454-0048 M 7/82 $ i:- ORiGiNAL • B~nk Copy YEtLQW - Cu~tomK PlPVK - F!N - '7'7~4~3'-' n Q 5~~ ~ ~ f~~ aoo~ ~ar, _ . _ . . - ' ' F ~ a~' ~ ~~'w~ ~ ~ ~,4