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HomeMy WebLinkAbout0968 SIMPLE INTER~3T ~ PROMIS~Q Y~ lVOI'E PF~PERYY ~ELAT~D ~ $ 15,498.53 Sept. 15 ~g 86 - . , For value received, the undersigned (and if more than ons, each of tl~em jointly and severallyl, he~Qinafter catted Maker, promises to pay t~ the order of ~3111 ~ank of st L.~cie Co. (which, together with subsequent (fllAME QF BANK) hAlders of this note, are ~eferred to as "Banlc"~ at its office at Ft. Pie~c_g , Floricia, the princi- pal sum of FtftePn hnal~ nd h,~nclrQ~, ningt,}t~.gbt...anc1 S'~/100~ollars ($15.GQ8.53 ) with interest from the date hereof at the rate ~f 12. 5Q % per annum an the fuli amount of said principal sum remaining from time to time unpaid~ payable in 1?~ monthly installments of $~26 ~~6 each on the 1 5th day of each successive monti~ commencing on 9.~.~s~. 1~_ , 19.~! . The Maker pramises to pay late charges not to exceed 59~0 of the amount ot any payment or payments in default. All payments made hereunder shall be credited first to interest and lawful charges then accrued and the ~emain- der to principal. The Maker has the right to repay this laan, in whole or in part, ~rvithout penatty at any time upon the payment of accrued and past due interest to date of prepayment plus a service fee in the amount of the lesser of $50.0~ or 2 percent of the prin~ipal amount of this loan (Amount Financed), provided, however, that any partial prepayment of principal shal) be applied to the installment or instaltments of principal last maturing hereunder. The amounts referred to above have been computed upon the assumption that alt installment payments wilt be made on the respective scheduled due dates. The interest is camputed an the unpaid outstanding principal bafance. If any installment is not paid in full on such due date, the maker will be abligated to pay such additional amounts as may become payable by reason of the continuing accre,al of interest_ at the rate designated above. Any resulting charges accruing on account of failure to make timely payment on the due dates will cause increases in same of the amnunts designated above, and such aggregate increase shall be payable at the time of the last installment if such charges do not cause ihe amount ofi the last installment to exceed twice the amount of the designated monthly installment, otherwise the resulting charges shall cause the number of payments to be extended, providing~ hawever, i that no such extended installment payment shal! exceed twice the amount of the ciesignated monthly installment. Any instaliment payment made prior to any due date or dates, or any prepayment, may cause decreases in some of the amounts designated above for the reason that the unpaid outstanding princi~al balance will be reduced and the inceresi rate designated above is applied to such reduced outstending balance to determine the amount of interest that ~ is due. , If the 6ank deems itself insecure, or upon the happening of any of the foliowing events, each of which shall ; constitute a_default hereund~r, a!I liabilities of each Maker to Bank shal! thereupon or thereafiter, at the option of ~ ± 8ank, without notice or demand, bscome due and payable: (a) failure of any Obligor (vvhich term shall mean and ` i include each Maker, endorser, surety and guarantor of this note) to perform any provision of the mortgage securing ~ the repayment hereof, to pay interest hereon when due, or to pay any other liability whatsoever to 8ank when due; (b) the death of any Obligor; (c) the filing of any petition under the Bankruptcy Code, or any similar federal ~r state statute by or against any Obligor; (d? an applicaiion for the appointment of a receiver or the making of a genera) assig~~ment for the benefit of creditors by, or the insolvency of, any Obligor; (e) the entry of a judgment against any Obligor; (f) the issuing of any writ of attachment or writ of garnishment, or the filing of any lien, aga+nst any prop- ert;, ~f any Obligor; (g) the taking of qossession of any substantia( part of the property of any Obligor at the instance , of any govemme~tal authority; (h1 the dissotution, merge~, consotidation or r~organizatipn of any Obligor; or (i) the 'i assignment by any Maker of any equity in the real property securing this loan without the written consent of Bank. ! In ad~iiion ia the Mortgage securing this loan, the Maker hereby grants to Bank a security interest in all prop- erty of each Ob~igor now or at any time hereafter in the possess+nn of Bank in any capacity whatsoever, including, but not limited to, any balance or share of any depos+t, trust, or agent account, as security for the payment of this note, and a similar lien upon and security interest in ail such property of each Maker as securiiy for the payment of al) oiher iiabitities of each Maker tc~ Bank (including all liabilities of each Maker). ~ The Obligors, jointly and severally, promise and agree to pay ali costs and expenses of collection and reasonable attorneys' fees, whether incurred in connection with collection, trial, appeal or otherwise. Presentment, demand, protest, notice of dishonor, and extension of time without notice are hereby waived by each and every Obligor. Maker acknow(edges receipt of a completed copy of ihis Note and mortgage on ihe above date. 1914 Sa n Marco s Ave . ~j ~o y, ~c ~7''"1. j(l 3~ ADDRESS SI NAYURE ROSEI'~ L. ~(~IOW . Ft. Pierce, Fla. 33450 h ~ ADDRESS SIGNATURE Barbar Robinson Muldro[a Doc. Stamps in the amount of $23.25 affixed to mortgage. 50M and under - nonbelloon i ! - 3•0454•004$ N 7/82 ORIGINAL • Benk Copy YELLOW - Cusiorrier PINK • FIl~ /s, ~45~ 3 RecaNed ~ u•. ~ In Paymsnt Of Taxes Due On Class "C" Intangible Permnat Prsperty, '~2~ ~1~~ -2 P 3~34 Pursuant To Chapter 71, 234, Acts O! 1911. RO&ER POITRAS ~ CIetR CiiOOlft Ci6?4, ~t. L.f1~, 0~., F18. ~ iL' - ROTi~fi t'~i ST. LUCiE ~•'r;~~': , = L , ~ ~ ;.=f `~^f ~`T c~i= l_.:.J ; ~ f E • I)tit:Ef;o~Fi;~T^.:',Y:- ~~T1~~'f5= TI~.::' cr; t-~r-~~v~,'i~tE_i"...:-~;T;: ~ t. . X~: ~ -~a bGt t E5 ~`_;s.; ir`3~± f J. ~~i ~ . . . ~00~51~ . ~f. .___:;s ? .