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Home My WebLink About0977 ' SIMPL~ INTEREST PROMIS50RY NQTE PHOI'ERTY RELA7ED $ '11~t34U.ly Qitoh:,'.' 3~ ly ~6 - For value received, the undersigned (and if more than one, eaci~ of them jointly and severally), hereinafter called Maker, promises to pay to the order of sun Bank/Treasure Coast National (~„hich, together with subsequent (NAME OF BANPC) Association hoiders of this note, are referred to as "Bank"1 at its office at _ Ft . Pierce , Florida, the princi- pai sum o{fwentv one thousand eight hundred forty and 19/10U----- Dollars 21,840. 19 ) with interest fram the date hereofi at the rate of ~ 12 • SO % per annum on the full amount of said principal sum remaining from time to time unpaid, payable in -120 monthly installments of $ 319. 69 eaci~ on the 29th day of each successive month commencinq on November 29 ~g 86 . The Maker • promises to pay late charges not ta exceed 5% of the amount of any payment or payments in default. All payments made hereunder shall be credited first to interest and lawf~l charges then accrued and the remain- der to 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 inte~est to date of prepayment plus a service fee in the amount of the lesser of ~ $50.00 or 2 percent of the principal amo~nt of t1~is loan (Amount Financedl, provided, however, that any partial prepayment of principal shall be applied to the installment or installmenis of principal last maturing hereunder. The amounts referred to above have been computed upon the assumption that all installment payments will be made on the respective scheduled due dates. The interest is computed on the unpaid outstandin~ principal balance. If any installment is not paid in full on such due date, the maker will be obligated to pay sych~additional amounts as may become payable by reason of the continuing accrual of interest at the rate designated above. Any resulting ci~arges accruing on account of failure to make tirnely payment on the due dates will cause increases in some of the amounts designated above, and such aggregate increase shall be payable at the time of the last installment if such ~harges do not cause the amount of the last installment to exceed twice the amount of the designated monthly installment, otherwise the resulting charges shall cause the number of paym~:nts to be extended, providing, however, : that no such extended installment payment shall exceed twice the arnount of tt~e designated monthly installment. Any insta(Iment payment made prior to any due date or dates, or any ~repayment, may cause decreases in some of the amo~~nts designated above for the reason that the unpaid outstanding principal balance will be reduced and the interest rate designated above is applied to suct~ reduced outstending balance to determine the amo~~nt of interest that ~s ciue. If tf~e E3ank deems itself insecure, or ~pon the happening of any of the following events, each of ~vhich shall e consciv.~te a default hereunder, all IiaLilities of each ~~±aker to Sank shall thereupon or thereafter, at the option of 5ank, w+thout not~ce or demand, become due and payable: (a) failure of any Obligor Iwhich term shall mean and ' include each Ma~:er, endorser, surety and guarantor of this note) to perform any provision of the mortgage securing ~ rt-e repayment hereof, to pay interest hereon v~rhen due, or to pay any other Iiability ~ti~hat~oever to Bank when due; ~ ~ ~b) the death of any Obligor, (c) the filing of any petition under the Bankruptcy Code, or any similar federal or state 4 statute by or against any Obligor; (d1 an application for the appointment of a receiver or the making of a general z assic;nnment for the benefit of creditors by, or the inso{vency of, any Obligor; (e) tY~e entry of a judgment against any i~ Ouliyor; !f) the issuing of any wrii of attachment or ~~~rit of yarnishment, or the (iling of any lien, against any prop- ; ~rt~,~ of any Obligor, (g) the taking of possession of any substanUal part of the property of any Obiigor at the instance ~ any yovemmental authority; (h) the dissolution, meryer, consoliclation or reorganization of any Obligor; or (i) the ~ ass~~gnment by any Maker of any equity in the real property securing this loan without the written consent of 6ank. ~ In additi~n to the Mortgage securing this loan, the Maker hereby grants to Bank a security interest in all prop- ~ erty of each Obligor now or at any time hereafter in the possession of Bank in any capacity vrhats~ever, including, ~ ~~~t not timited to, any balance or share of any deposit, trust, or agent account, 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 payment of all = other liabilities of each Maker to Bank (including all liabilities of each Nlaker). I, Ti~e Obligors, jointly and severaliy, promise and agree to pay all costs and expenses of collection and reasonable I; attorneys' fees, whether incurred in connection with collection, trial, appeal or otherwise. i 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 Note an mortgag on the above date. , ~ P. 0. I3ox 1284 ~ ~ ADORESS sic ATURE Alpheus Forbes ~ ~ Ft. Pierce, Fla. 33454 ' • , rv `~Grl`'L«,~ ¢ ADURESS SIGNAYURE Idella Baker Forbes ~ ~ ~ lloc. Stamps in tlle amount of $32.85 affixed to mortgage. ~ ~ 50M end under - nonballoon = 3•0454•0048 N 7/82 ORIGINAL - fiank Copy YELLOYl - Customer PINK - Fllo ~ . ~ a~? ~j ~1~1 '4~.i~ ~ `_-~~2 ~~2_ in ~'~yr~ic~ni C)"f~^~~~~ [ I ~ _~i~ (_~.,5~ '.C•. IJII:.:tg+,`;le 1'EfS6t1£i~ F~T+]D~tty. ~ ~ ,nt i u ChaNt'vr 71, ] 34, ACtg Of 19~1. ~ HOGER POITflA~ ?^+~~1,31 i ,,t f.~,un, SL Luc~e. Co., FI . i '86 NOV 10 P 3 ~22 ~ ' . FI~i J ' ROGER . ~ _ ~ .t ~ : . SL LU(,If. GUU?,: Y. . . . . ~~,Q 5 ~ 0: P~GEO J 7 I. ~ . . . . . ~ . . . . . - . ~ ,