Loading...
HomeMy WebLinkAbout0945 t ~ ~ ~ ~ ' S~MPI~E INT_~RE$T i . • • , PROI~flISSURY NOTE x _ ~ . . . ~ PROP~RTY REL.AT~D ~ $ 30,919.96 October 6 , ~g 86 For value received, the undersigned (and if more than one each of them join~ly and severally?, hereinafter called Maker, promise~ to pay to the order of Sun 8ank/Treusure C~oast, P~ational (Which, together with subsequent (NAMH OF BANK) Associ ation hofders of this note, are referred to as "Sank") at its office at Fort Pi ercz Florida, the princi- pal sum of thirt,y thousand nine hundred seventy nine and 96/100 t~oilars ($~0,97~._96 _ ~ with interest from the date hereof at the rate of 12 .50 9~o per annum on the full amount of said principai sum remaining frorp~~me to timQ unpaid, payab1e in ~ 20 monthl~y installments of $ a53.47 each on the day of each successive month commencing an November 5_ .__,~g 86 , The Maker promises to pay late char~es not to exceed 5% of the amount of any pabment or payments in defauft. All payments mad6 hereunder shali be credited first ta interest and lawful charges then accrued and the remain- der tc~ principal. The Maker has the right to repay this loan~ in whole or in part, without penalty 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 $50.00 or 2 percent of the principal amount of this loan (Amount Financed), provided, however, that any partial prepayment of principal shall be applied to the installment or installments of principal tast maturing hereunder. The amounts referred to above have been .computed upon the assumption that all installment payments will be made on the respective scheduled di~e dates. The interest is computed on the unpaid outstanding principal balance. If any installment is not paid in ful! on such due date, the maker will be obligateri to pay sucii additional amounts as may become payable by reason of the continuing accrual 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 some of the amounts designated above, and such aggregate increase shatf be payable at the time of the last installment if such charges dc~ not cause the amount of the last installment to exceed iwice ihe amount of the designated monthly installment, otherwise the resuiting charges shall cause the nurr~ber of payments to be extended, providing, however, t1~at no such extended installment payment shall exceed twice the amount of the designated manthly installment. Any-installment payment made prior to any due date or dates, or any prepayment, may cause decreases in some of ths amounts designated above for the reason that the unpaid outstanding principal balance will be reduced and the interest rate designated above is applied to such reduced outstending balance to determine the amount of interest that ~ ~s d~e. !f the Bank deems itself insecure, or upon the happening of any of the following events, each of which shall canstitute a default hereunder, all liabilities of each Maker to f3ank shall thereupon or thereafter, at the option of Bank, without notice or demand, become due and payable: (a) failure of any Obligor (which term shall mean and +~clude each Maker, endorser, surety and guarantor of this note) to perform any provision of ihe mortgage securing the repayment hereof, to pay interest hereon when due, or tp pay any other liability whatsoever to Bank when due; (b) ihe death of any Obligor; (c) the filing of any petition under the Bankruptcy Code, or any similar federal or state statute by or against any Obligor; (d) an application for the appointment of a receiver or the making of a general assignnment for the benefit of creditors by, or the insolvency of, any Obtigor; (e) the entry of a judgment against any Ot~ligor; (f) the issuing of any v~rrit of attachment or writ of garnishment, or the filing of any lien, aga+nst any prop- erty of any Obligor; (g) the taking of possession of any substantia! part of the property of any Obligor at the instance of any governmental authority; (h) the dissolution,,merger, consolidation or reorganization of any Obligor; or (i? the assignment by any Maker of any equity in the real property securing this loan without the written consent of Bank. In addition to the Mortgage securing this loan, the Maker hereby grants to Bank a security interest in alt prop- erty of each Obligor now or at any time hereafter in the possession of Bank in any capacity whatsoever, including, but not limited to, any balance or share of any deposit, trust, or agent accdunt, as security for the payment of this note, and a simitar lien upon and security interest in all such property of each MaFer as security for the payment of all ott~er liabilities of each Maker to Bank (including all liabilities of eaci~ Maker). The Obligors, jointly and severally, promise and agree to pay all costs and expenses of col(ection and reasonable attorneys' fees, whether incurred in connection with collection, trial, appeai or otherwise. Presentment, demand, protest, notice of dishonor, and extension of time without notice are hereby waived by each and every Obligor. Maker acknowledges receipt of a completed copy of this No qand ortgage on the above date. 2801 Avenue F ~~C-f/ A~DRESS SlGNA7URE Cad W. 6 rown Fort Pierce~ FL 33450 ,~_~v,~' ~~2!~.vzc/~-~ ADDHESS ~GNATURE LOU1 SE • 6. ,Brown - F4M end under - nonballoon 3•0454•0068 N 7/82 OAIGINAL - Bank Copy YELLOW • Customer PINK - Ftte i 30, 979.9~ ~~~~11 ~ l~ Received ~ ` ~n PaYment df i'axs~ ; Due On C~ass In'~^+ ib:e Pe?sonal Propertyi ~D~ ~ Pursuani To Ch~p er ii, 134, Acts Of 1971, p~T ~ A9:01 ftO:~ER F'A!T(tAS ~ Cter`~ Circuit Court, Si Lucie, Co., a. FILEt; ~ . , , . : : r - ~ T ~ t , s i ~ ROGER j~ ~ ~ S r ' ' - , _ . ST. tU~~ ~,,~h) y~-"<<t r' ~ 0_1 .r r ~ ~ t ,1 `Z ~ 1' • ~ ~,`~r 1 i'~ f' l~ _ ` ; ' ~ • _ (,f ~ i:,`~fi - - ' . . , . : : • ~ . ~ . _ „ _ . ~M~l~+ ~ ~+a.s.~.p..-:..s.__., ~ - , ...q~,:,.._ ~ . «,;,elt.,iw, . . . . ~ • ~ ~ V ~ ~ ~ ~ . - ' ~ . . ' . . . . . ~ . . . • _ .