The URL can be used to link to this page

Home My WebLink About0979 r (p ~ j ,i7. S f~ ' • Recelvecf _ ~n pflyment Of T;±Yes • ' S1M{~L~ iNYfRESi' ouc on C:.s~, .i:~ ~:,c r~e~s~n.t! Prot~erry~ ' ~ PROMISSOFtY N4TE N~,~s,,a~,. ~o . ,~~;5 0~ i5~i. ~ PHOPER7Y R~LATED ::it N~t f'2 ~ Cter:; Ci:Cln, Cour;, SI. Lu;.t,:, ~p., Fla. 5_ 7,977.58 Sept. 9 t9 86 For value receive~i, the undersigned (whelher one or more herQinafter called "Maker"), iointly and severally, promises to pay to the order Sun Bank of St .I.ucie Count~ (Nrhich, together wilh (NAME OF E~ANK) Ft.Pierce subsequent hotders of this note, are referred to as "6ank") at its oft~ce at Florida, Sevent Nine Hundred Sevent Seven 3-58~jI~--~ the prirtc+pal sum ot y- y~ ~ Dollars (S 977 . 58 , ~vith interest fram tho date hereo( at the rate of 13.0° a; per annum on the full amount oi said principal sum remaining irom Ume ro time unpaid, payabte in _ 120 _ monihty instaliments of 119 .53 each on the 9th day ot each successive month commenciny on Oct. 9 19 86 , 7he Maker promises to pay late charges not to exceed 5°b of the amount o( any payment or payments in defaull. ` All paymenls made hereunder shalt be credited first to interest and lawtul charges then accrued and the remainer to principal. Maker has the right ta prepay this nate, in whole or in part, withoul penafty at any time upon the payment o( accrued and past due ~nterest and charges to date of prepaymenl plus a service tee in the amount oi the lesse~ of 550.00 or 2 percent ot the principal amount ot this loan (Amount Financed), provided, however, that any partial prepayment ot principal shatl be apptied to the installment or installments of principal lasi maturing hereunder. The amounls relerred to ~bove have been computed upon the assumption that all installment payments will be made on the respective scheciute~i due dates. Interest a~crues on the unpaid outstanding priiicipal balance. If any installment is not paid in full on the due date, tilaker w~ll be obhgated to pay such additionaf ~mounts as may become payabte by reason of the cont+nuing accrua! of ~nt~~esi at the rate dcs~ynated above. Any res~~lting charges accruing on account ot failure to make timely payment on the due dates ~v~li c~use increases in some ot the amounts designaied above. Any installment paymenl made prior to any due date or dates, or any ;r.ep~ymenl. may cause decre~ses in some of the an~ounts desiynated above tor the reason that the unpaid outstanding principal t,a!ance will be reduced and the interest rate designated above is applied to such reduced outstand+ny bafance to dete?mine tne amount oi interest that is due. !I f3ank deems itsetf insecure, or upon the happening of any of the following ~vents, each oi which shall constitute a default hereunder, all liabilities ot each P~Aaker to E3ank shall ihereupon or thereaiter, at lhe option of E3ank, without notice or demand, become d~e and payable: (a) failure of any O;~hgor (which term shall mean and include each 1,llaker, endorser, su?ety and guarantor of ihis r~atc) to pertorm ar~y provision ot ar~y ;ec~inly agreement or mortgage securing the repaymeni hereo(, to pay interest hereon when r.ue, cx to pay any uther iiabuity whats>;>ove; ta E3ank ~•:hen clue: !b~ dhe death of any Oblig~r, (c) the (ling ot any petition undet the ; [lankruptcy Code, or artiy similar federal o~ state statute Cy o~ against any Obtigor. (d) an application for the appointment ot a receiver ~ or the making o? a general assignrnent lor the benefit of cred~tors by, or the insolvency ot, any Obligor, (e) the entry ot a judgment ! against any Obligor; (t) the issuing ot ai~y ~vrit of attachment or ~tirit o( gamishment, or the filing oi any lien, against any property of F any Obligor; (g) tlie taking of possession of any subslantial part ot the property oi any Obtigor at the instance of any governmental aulhonty; (h) the dissolution, merger, consolidation or reorganization ot any Obligor, or (i) the assignment by any Maker ~t any equity 'I ~n the reat property which is secunty tor lhis note, except as is permilted under the terms oi the mortgage, without the prior written ! consent ol f3ank. E In addition to the m~rtgage sscuring this loan, Maker hereby grants to Bank a securily interest in all property of Maker now or at any time hereafter in the possession o( E3ank in any capacity tivhatsoever, includiny but not limited to, any balance or share of any deposit, trust, or age~t account, as secunty for the payment ot this note, and a similar lien upon and security interest in all such property of each Maker as security tor the payment of all other liabililies of each Maker to Bank (including all liabilities of each Maker). 7he Obligors, jo~ntly and severally, promise and agree to pay all costs and expenses of coltection and reasonabte attorneys' ( iees, whether incurred in conneclion with cottection, triat, appeal or otherwise. ~ Presentment, demand, protest, notice ol dishonor, and extension o( time without notice are hereby waived by each and every Obligoc ' ~ Maker acknowledges receipt of a completerl coFy of this note and mortgage on the above date. ? ~ NOTICE TO COSIGNER: You are being asked to guarantee this debt. Think carefully betore you do. It ths borrower doesn't pay the debt, you will have to. E3e sure yau can aftord to pay il you have to and that you ~vant to accept this responsibiliry. You may have to pay up to ihe (u~l amount ot the debl if ihe borrower d~es not pay. You may also have to ' pay late tees or collection costs, which increase this amount. The E3ank car, coltect this debt lrom you withoui first trying to collect from fhe borrowec The Bank can use ihe same collection methads against you that can be used against the borrower, such as suing you, garnishing your wages, etc. If this debt is ever in detautt, that (act may become a part of your credit record. ~ This notice is not the coniracl that makes you liable for the debt. , ~ I . ~ , ' ~ - 3421 Abbott St. - ~ ~ ~ ' ~ • • / ' Jl. _ . tl•~/ ~ l~~ 4 ~ ADDRESS SIGNATURE Larry'0. Raffield Ft.Pierce~Fl. 33450 , , ~ , ~ i , ~ ' ~ % 1 c il- ~ ~ <<'((~' - Y ADORESS SIGNA7URE ; Cindy L,; R~ e ~ lloc stamps in the amount of $12.00 affixed to mortgage r ~ 50M and uncier - nonballoon. ~~y ~<<'~ # ; t _ _ ~ ~ ~ - , ~ ~ ~ ~ ~ ~ _ ~ ~ ~ _ - - 1 ~ 1 ~ I ~ ' . _ ' •i ( t ~ l rr . ~ ~ . i ! ~ ~ f 1 ~ : ti ' ~ ~ I , ` ~ . - , ' _ ~~LC'~ „c . , ROGEf; 1: . - _ - - _ . ; S LUC;: ~ ~ ~ . ~ BOOK~~~ PAGE 9~C? ; , ORiGINAL - E3ank Copy YELLOW - Customer PINK - File ~-ois+-ooa-e Rr~. ~ ss ~ - _ ~