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HomeMy WebLinkAbout0937 d'd - ~O~.~YS/ ~ - ~ SIMPL~ INTEREST ~ i ' ' P~i0MiS30RY NOTE ~ ' ' PROPERYY AELAYED ~ 1 • i $ 13.354.81 Octo~sr 6 ~~g 86 I For value recoived, the undorsigned (whether one or more hareinafiier called."Maker"), Jointly and severally, promises to pay ~ totheorder Sun Bank/Treaeure Coast, Nstional Aesociatiott (which,tofletherwith ~ (MAME OF BANK) ' ~ subsequant holders ot lhfs note, are referred to as "Bank") at its oifice at P Q r t S t L U c i e Florida, ~ the principal sum oi ndThr~e Hundre~ ~i~~r E~~ir h_.8.].f n+Di~rs 1'~ ,~54 . 81) with interest from ihe date hereof at the rate ot 12, 5-S % per annum on Ihe fuil amount oi said principal sum remaining trom time ta time unp~id, payable in .12 p monthly instalimenis of $ 1~i..R 9 each on the 5~ h day ~ of each successive month commencing on N o v e mb e r S 19 a~L.. The Maker promises to pay late charges not to exceed 5°k ot the amount of any payment ~r paymenls in default. All payments made hereunder shail ba credited first to interest and lawiul charges then accrued and the remainer to principal. Maker has the right to prepay this note, in whote or in part, without pa~alty at any time upon the payment of accrued and past due interest and charges io date of prepayment plus a service fe~ in the amount ot the lesser of 550.00 or 2 percent oi the principal amount ot this loan (Amount Financed), provided, however, that any partial prepayment of principai shall be appfied to th~ instattmrent or installments of principal last maturing hersunder. ~ 1"he amounts refer~ed to above have been oomputed upon the assumption that all installment payments will be made on the respective scheduled due dnies. Intsrest accrues on the unpaid outstanding princinal batance. It any installment is not paid in full on the due date, Maker will be obiigated to pay such additional amounts as may become payable by reason of the continuing accrual of interest at the rate designated above. Any resulting cherges accruing on acxount ot failure to meke timely payment on the due dates will cause incraases in some of the amounts designated above. Any inslaHment payment made prior to any due date or dates, or any prepayment, m~y cause decreases in some of the amounts designated above tor the reason that the unpaid outstanding principal balance wili be reduced and the interest rate designated above is applied to such reduced outstanding balance to determine the amaunt of interest that is due. it Bank deems itself insacure, ar upon the happen3ng of ~ny of the Iollowing events, each of which shall constitute a det~ull hereunder, all liabilities of each Maker to Bank sha11 thereupon or thereafter, at the option ot Bank, wilhout notice or demand, beoome due ard payabfe: (a) tailure oi any Obligor (which term shall mean and inctude each Maker, endorser, surety and guarantor of this nole) to perform any provision of any securily agreement or mortgage securing the repaymen! hereof, to pay interest hereon when due, or to pay any other liability whaisoever to Bank when due; (b) the dealh oi any Obfi~or; (c) the filing ot any petition under the Bankruptcy Code, o~ any similar federal or state statute by or against any Obligor; (d) an application tor the appointment of a receiver ~ or the making oi a general assignment tor the benefit of creditors by, or the insotvency o1, any Obligor; (e) the entry of a judgme~! ! against any Obligor; (t) the iss~ing oi any writ aI attachment or ~vrit oi garnishment, or the filing of any tien, against any property ot , any Obligor; (g) the taking of possession of any substantial part of the property of any Ubligor at the instance of any governmental authority; (h) the dissolution, merger, consafidation or reorganization of any Obligor; or (i) ihe assignment by any Maker oi any equity in the real property which is security tor this nate, except as is permitted under the terms of the morigage, without the prior vs~ritten consent of Bank. . ' . . ~ !n addition to the mortgage securing th~s loan, Maker hereby grants to Bank a security interest in all property of Maker now or at any time hereafter in the possession of Bank in any capacity whatsoover, including but not limited to, any balance ar share of any deposit, trust, or agent account, as security tor tha payment of this note, and a s+milar lien upon and seeurity interest in all such property ot each Maker as security for the paymert oi al! other liabitifies of each Maker to Bank (inctuding all liabilities ot each Maker). The Obligors, jointty and severally, promise and agree to pay all costs and expenses of colfection and reasonable attorneys' lees, whether incurred in connection with collection, trial, appeal or otherwise. Presentment, demand, protest, notice oi dishonar, and extension ot time without ~otice are hereby waived by each and every Obtigor. I Maker acknowledges receipt of a completed copy of this note and mortgage on the above date. ~ ~ ~ NO71CE TO COS(GNER: You are being asked to guarantee this debi. Think carefully betore you do. It the bor~ower doesnY pay the debi, you will have to. Be sure you can aNord to pay it you have to and that you ~ want to accept this responsibility. _ ~ You may have to pay up to the tuil amaunt ot the debt if iha borrower doas not pay. You may also have to ~ ~ pay late fees ar collection cosis, vrhich increase ihis amount. 1 The 8ank can collect this debt from you without first trying to collect trom the borrower. The Bank can use the ~ same collection meihais against you that can be used against the borrower, such as suing you, garnishing your wages, etc. If this debt is ever in detault, that tact may become a part oi ~our credit rscord. This notice is not the conlract that makes you liable for the debt. ~ 7 , 7i~ _ ~ - 819 Polynesian Avenue ~ C-~ i r,~ - ADDRESS SIG RE 4 Port St Lucie F1 33452 1,~, ~ ~ ADDRE~S SIGNATURE ~ i ~ 50M and under - nonballoon. Doc stamps in amount of 20.10 affixed to moregage . ~ ~ In Peyment Ot T x~~T ' . Recelved ~ . D~e On Class "C' Intan ,ib'e Personal Property~ ~~,8°g~~ Pu~suant To Chap.e~ 71, 134, Acts Uf I971. ROGER POITRAS C(erk Circuit Court, S~ Lucie, Co., Fla. - '86 OCT 23 A 9 ;00 ~t - - ORIGI LLOW - Customer 5~~~'~ • ~P}~liYLO ~ . Y ~ ' .l ~ ii ~ ao.s+~ooo-a a.+~.,roa LUCIE; , ~ r: ~t. U~i f r, r l.