The URL can be used to link to this page

Home My WebLink About0943 . . SIMALE INTEREST t ~ ~ ' ~ • ~ PROMISSOR NOTE ; , . . . $ 60,000:00 - ~ ~c~. 7 ~ , 19~~..,.~' ; , ; ~or value received, the undersigned (~nd if m~r~ than one, e~ch of ~em~oir~ly and severaliyj, h~reinafter called ; Maker, promises to pay to the order of un Ban Treausre oast, ati na ~Which, together with subsequent i (NAME OF 6A~ociation holders of this note, are refer~ed to as "Bank") at iis office at .~G~~ierce , Flarida, the principal sum of ,...~~x_t~Thn.usand~.~.11~ and,nQLl.~4._ Oollars _fiQ..~_L).Q..IIQ ) with interesi from the date hereof at the rate of 10.00 96 per annum on the full amount of said principai sum Pemain• inc,~ f~om time to time unp~id, payabie in S9 monthfy installments of $ b44, J~f • each on the t da of each successive month commencin on Nav• 6__ _ ~g 86 ment in the amount of $~2•43~.9Z 9due on Octob r ' , together with ong pay- ~ k , 18~_ , provided, how~ver, that the final gayment of the en~i~e indebtedness evidenced hereby, if not sooner paid, ~hall be due and payable on october , 19 . The Maker promises to pay late charges not to exceed 596 of the amount of any payment or payments in default. ~ All payments made hereunder shall be credited first to interest and lawfu~ charges then accrued and ihe remain• der to p~incipal. The Maker has the right to repay this loan, in whole or in part, without penalty ~t any time upon the payment of accrued and past due. inierest to date of prepayment plus a seroice fee in the amount of the lesser of $50.00 or 2 percent of the principal amount of this loan (Amou~t Financedl, provided, however, that any partial prepayment of principal shall be applied to the installment or installments of principal (ast maturing hereunder. ~ The amounts referred to above have been computed upon the assumption that all instaflment payments will be made on the respective scheduted due dates. The interest is +mposed on ihe unpaicl outsianding principal balance. If any ir~stallment is not paid in full on such due date, the Maker will be obligated to pay such additional amounts as may become payable by reason of the continuing accrual of interest at the rate designated above. Any result+ng~ charges accruing on account of failure to make timely payment on the due dates may cause increases in some af ihe amounts designated above, and such aggregate increase shatl be payabte at the time of the last installment. Any instal!- m~nt made priar to any due date or dates, or any prepayment, will cause decreases in some ~f the amounts designated above for th~ ~eason that the unpaid outstanding principal balance will be r~duced and the interest rate designated above is applied to such reduced outstanding balance to determine the amaunt of interest that is due. If the Bank deems itself insecure, or upon the happening of any of the following events, each of which shall constitute a default hereunde~, all liabilities of each Maker t~ ~ank shail thereupan or thereafter, at the opiian of Bank, without notice or demand, becume due and payable: (a) failure of any Obligor (which term shall mean and inctude each Maker, endorser, surety and guarantor of this note) to perf~rrn any provision of any security agreement E securing the repayment hereof, to pay interest hereon when due, or to pay any other iiability whatsaever to Bank ; when due; (b) the death of any Obligor; (c) the filing of any petition under the Bank~uptcy Code, or any simiiar : federal or state statute by or against any Obliyor; (d) an appficatio~ for the appointment of a ~eceiver or the making ~ of a general assignment for tf~e benefit of creditors by, or the insolvency of, any Obligor; (e) the entry of a judgmeni ~ against any Obligor; (f) the issuing of any writ of attachmeni or writ of garnishment, or the filing of any lien, against ~ any property of any Obligor; (g) the taking of possession of any substantial part of the property of any Obligor at the ~ instance of any governmental authority; (h) the dissolution, merger, consolidation or reorganization of any Obfigor, = or (i) the assignment by any Maker of any equity in any Collateral securing this loan wiihout tha written cansent of ¢ Bank. In addition to any ather Collateral securing this loan, if any, the Maker her~by grants to Bank a secu~ity interest ~ in all property of each Obligor now or ai any time hereafte~ in the possession of Bank in any capacity whatsoever, t including, but not limited to, any balance or share of any deposit, trust, or agent accou~t, as security for the payment of this note, and a similar lien upon and security interest in all such property of each Maker as security for the pay- ment of all other liabilities of each Maker to Bank (including aii liabitities of each Maker). The Obligors, jointly and severatly, promise and agree to pay all 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 h~reby waived by each and evary Obligor. . This loan is made pursuant to the rate provisions of Chapter 664 of the r'~ Statutes. Maker acknowledges receipt of a completed cvpy of this Note and- ~i Agr~ement, f applicable, on the above date. r Mor ga / ~ 77 Third Street ~ a - . ~ ADDRESS si NA7U Richard A.~e n ~ Stanford, Ct. 06905 ~ ~ t~2 - P~~uz~z-s-.1 . ~ AODRESS S1 NATU E Margaretha.A. Hermann . ~ Doc stamps in the amount of $90.00 to be affixed to mortgage ~ Industriaf Savinps Bank Act - Chapter 664, Fforicia Statutes ~ ~ , ORIGINAL - 8ank Copy YEI.LOW - Customer PlNK • F(le 3-0453-000-9 (Rev. 9/84) q . t ~ r , _ _ - : - _ ~ . . f C7~~~V ~ ~ ~ . . '"1 ~ ` ~ . ~ - ~ ocr ~ . .i . ~ r`. _ - L~, i . t~ ; ~~'O~ , . _ . - , - ;~GEII~j-~~jj ~ - - ~ LUC~. _ ,'~t; - ~ ' ~ ~ ~ ~ . 1- ~ ~fl~ I 8 ~0~39 - ~