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Home My WebLink About0947 . , ~ . ~ .1 , . SIMPLE (NT~R~3T ' . ` , PROMISSORY NO't~ . . ~ ` + ~ , . - , 5..,.~ ~ i ~ • - ' • I~ROPERTY R~LATED _ . . ` t. (.a. ? i ~ ~ ~ ~ : , . . ~ ~ $ GQ.18l,. Q5 Octob~~' ~ 19 For value received, the undersigned (~vhether one or more hereinatter calied "Maker"j, joinlly and severally, promises to pay to the order ~u~_HanklTreasure Coaat ~ National Asso ~ A r ion (which, togeth~rwith (NAME OF B/WK) • subsequent holders oi thfs note, are reterred tc as "8ank") at its office at _ P n r t S_ . Florida, ~ thoprincipal~umofForty Thousand Ons Hundred Eit~htv Four & 95/100 Dotlars($_~0,184.95~ with Irtterest trorn ihe date hereo( at tho rate of 1 2 . 3 6 pgr annum on the (ull amount ot said princlpal sum remaining irom timo to time unpaid, payable in 1$ 0 ' monthty installments of $ 4 91. 6 5 each on the 5 t h day ot each successive month commencing on N o v e mb e r 5 , 19 8 6 . The Maker promises to pay late charges not to exceed 596 oi the amount oi any payment or payments In default. . All payments made hereunder shall be credited first to interest and tawtut charges then accrued and the remainer to principal, Maker has the right td prepay this note, in whole or in pari, without penalty at any time upon the payment of accrued and past due interest and charges to date of prepayment plus a service tee in the amount ot the lesser of ~50.00 or 2 percent of the princlpal amaunt at this loan (Amount Financed), provided, however, that any partial prepayment of principal shall be applied to ihe instatlment or installments of principa! last maturing hereunder. ~ The amounts refe~red io above have been computed upon ihe assumption ih~t all installment paymen!s will be made on the respeclive scheduled due dates. Interest accrues on the unpaid outstanding principal balance. If any installment is not paid in tull on the due date, Maker will be obligated to pay such additlonal amounts as may become paya6le by reason oi the continutng ~ccn!al ot interest at the rate designated abo~e. Any resulting charges accruirtg on account ot faiiure tv make timely payment on the due dates will cause increases in some of the amounts designated Above. Any installment payment made prior to any due date or dates, or sny prepayment, may cause decreases in some of the smounts designated above tor the reason that the unpaid outstanding principal balance will be redu~ed And the int~rest rate designated above is applied to such reduced outstanding bal~nca to determine the amount oi interest that is due. It Bank deems itself insecure, or upon the happening ot any af the following ev~nts, each of which shall constitute a detault ~ hereunder, al! liabilities ot Qach Maker to Qank shall thereupon or thereafter, at the aption af F3ank, without notice or demand, become due and payable: (a) failure of any Obligor (~vhich term sha~l mean and include each Maker, endorser, surety and guarantor ot this ~ note) to pe~form any provision of any secur+ty aflreement or mortgage securing ihe repayment hereof, to pay Interest hereon when due, or 1o pay any olher tiability whalsr,ever to 8ank, when due; (b} the death of any Obligar; (c) tha filing of any peiition under the Bankruptcy Code, or any similar tederal or state statute by or against any Obligor; (d) an application for the appointment oi a receiver or the making of a general assignmee~t tor the benefit ot croditors by, or the insolvency of, any Obligor, (ej the entry of a judgment against ~ny Obligor; (f) the issuing of any ~vrii of attachment or writ o1 garnishment, or the tiling of any lien, against any property of ' any Obtigor; (g) tha taking of possession ot any substantial part of the property of any Obligor at the instance oi any governmental j aulhority; (h) ihe clissolution, merger, consolidation or reorganization ot any Obligor; or (i) ihe assignment by any Maker of any equity ; in the real propertyr which is security tor this note, except as is permitted under the te~rns of tha mortgage, without the prior wtitten ; consent of Bank. . . . In addition to the mortgage securing ihis loan, Maker hereby grants to Bank a security interest in all prpperty. of Maker rtow or ~ at any time hereafter in the possession of 8ank in any capacity whatsoever, including but not limited to, ~ny batance or share oI any ~ deposit, irust, ot agent accouni, as security tor the payment nt this note, and a similar lien upor~ ~nd security interest in al! such f i property oi each Maker as security tor ihe paym~nt oi all oiher liabilities of each Maker to Bank (inctuding all liabifities of each Maker). ~ 7he Obtigors, jointly and severally, promise and agree to pay all costs and expenses of collection and reasonable attorneys' tees, whather incurred in connection with collsction, trial, appeal ar otherwise. Presentment, demand, protest, rtotice of dishonor, and extension of time without notice are he~eby waived by each and every Abligor. ~ ~ Maker acknowlectges receipt of a completed copy o( this note and mortgage on the above date. ~ ~ NOTiCE TO COSICiNER: You are being asked to guaraniee lhis debt. Th~nk carefully betore you do. it ths ~ borrower doosn'! pay the debt, you will have to. Be sure you can afiord to pay it you have to and that you # want to accept this responsibility. E ~ You may have to pay up to the tull amount oi the debt it the borrower does not pay: You may also have to pay late fees or collection costs, which increass this amount. f The B~nk can coflect this debt from you without first trying to collect from the borrower. The Bank can use the i same collection methods against you ihat can be used again5t the borrower, such as suing you, garnishing ~ your wages, etc. If this debt is ever in detault, that tact may become a part oi your credit racord. • ~ • This notice is not the contract that makes you iiable for the debt. ~ ~ . ~ 1005 Trinidad Av~nue . ~ AODRESS SI ATU Ft PierceFl 33482 ~ / - ; ADDRESS SIGNATURE E ~ 50M and under - nonballoon. ~ ~ Doc stamps in amvunt of 60.30 affixed to mortgage ~ Q 2 , i 9~ . ~ ? Received $-S.L_~'v ~ In Peymeni O~axes ~~1~~ 1 Due On C~ass "C" Intan,ib:e Persona~ Property, ~ '86 OCT 23 ; Pursuant 7o Ghvp:er 11, 134, Acts Of 1971. p 9~O, ~ E ROGER PAITRAS ~ Clerk Circuit Court, S~ Lucie, Co., ia. • RO~EIt " - ST. LUC1; .,_t;i;; ~r; ~i~Y ORIGINAI - Bank Copy YELIOW • Customer ~ f QINK~~ aas~+-oao-t a.v. ~ra~ $ E} ; _J