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Home My WebLink About0996 F~R011d91SS~RY_ NOl'E ~ PROPERTY FiELATEn , ~ - - BALLOON ; ~ November 14 86 ~ _36,550.00 _ - ---T. 19_~-- f or v:~!ue rf~ce~veci, Ih~~ unders~e~un B~nk~%'~~reasure ~oast; ~~la~t~iona~O1~s~~~~~~ia~~v~ally), here~nalter ca~ied ti-1~~ker, promises to pay to tl~e ordei of w~ic ogether ~v~th sub~equent ~Nnnnr_ oF anN?c~ Fort Pierce i~oldeis oi this note, are rel rre 1 to s"D~nk") liL office ~t Florida, the pnncipal sum ~~f Thirty-Six Thousan~ F~.ve ~lunc~red ~if~y anc~ QUjIUCI"- ^ Dollars J6,5~0.00 ` ) with ~nlerest from the dale hereot at the rate oi 10.00 % pe~ annum on the full amount of said principal sum remain- ~ng fram t~me to t~me unpaid, payable in _ 95 monthly instaltments of $ 392 • 7~ _ each on the _ 14th d~y each success~vc~ month commencing an December 14 19 86 toyether with one pay- n~ent ~n the amount ol $?~+~051.55 due on _~ovember 14 ~g94 , provided, however, ~t~;~l tt~e I~nal payment of lhe ent~re ~ndet~tedness ev~cienced hereby, if not sooner pa~d. shall be due and payable on November 14 ~g_94 ihe Maker promises to pay lale charyes nol to exceed 5% ot the amount of .~ny payment or payments in de'au1t. A11 payments rnade hereunder shall be cred~ted f~rsl to interest and lawful charges then accrued and the remainder to E;~~nc;~pal The Maker has the ricJhl to repay this loan, ~n whole or in part, wilhout penally at any time upon the paymenl ot ~iccrued and past due interest to ciate oi prepayment plus a service fee ~n Ihe amount o( Ihe Iesser of $50.00 or 2 percent ol - tl~e pr~nc~pal amount of this loan (Amounl Financed), provided, however, that any partial prepayment o( principal shaU be ;~F~pl~ed to the installment or mstallments oi principal last maturing hereunder. The amounts referred to above have been computed upon Ihe assumption thai all ~nstallmenl payments w~li be made ~,n the respective scheduled due dates The interest is imposed on the unpaid outstandiny pri~~cipal balance If any ~ ~~stallment ~s not paid in lull on such due date, the Maker will be obligated to pay such additional amounts as may become 4,aya~le by reason ot ?he conUnuing accrual of ~nterest at the rate designated above. Any resulting charges accruing on i -~~c:count of (a~lure to make timely payment on the due dates may cause increases in some o( the amounts designated above, ~ ~~nd such aggregate increase shall be payable at the time ot the last installment. Any installment made prior to any due date ~ u~ dates, or any prepayment. w~ll cause decreases in some of the amounts designated above for the reason that the unpaid c};:tstand~ng pr~nc~pal balance w~Il be reduced and the interest rate designated above is appiied to ~uch reduced ~ outstand~ng baiance to c~etermine the amount o( interest tf~at is due. II the Qank r~eems ~tself ~nsecure. or upon the happening o1 any of !he follo~Ning events, each of which shall constitute a ciefa~~t hereunder, all liab~l~ties ot each Maker ta f3ank shall thereupon or thereafter, at the option of Bank, without notice or ci~~n~and, become due and payable. (a) failure of any Obligor (which term shall mean and include each Maker, endarser. ~ ~~rety and c~uarantor of th~s note) to perform any provis~on of any security agreement securing the repaymern hereof, to pay ~ ~nterest hereon when due, or to pay any other I~ability whatsoever to Bank when due; (b) the death of any Obl~gor, (c) the ~ hl~ng of any pet~tion under the ~iankruptcy Code, or any similar federal or state statute by or against any Obl~gor, (d) an _ .~~~E~I~cation for lhe appointment oi a receiver or the mak~ng ef a general assignment for the benefit of cred~tors by, or the ~r ~sulvency of, any Obliyor, (e) the entry cf a ~udgment against any Ot~ligor. (f) the issuing of any writ of attachment or writ of c ~rnishmenl. or the iilinc~ of any iien. aqainst any pronerty of any Obliyor. (g) the taking o( possession of any substantial part ~i,~ ~;,uE~~:rty ot any O~I~yor ~i~ thc; ~nstance of any governmental authority; (h) the dissolution, merger, consolidation or rer~ryanizat~on of any Obl~gor; or the Iransfer ot all or any part of lhe real property which is pledged as security for this r~~:~~r, cYCr,E~t as ~s per~n~tteci ur~der tl~e terms of the Mortgaye without the prior written consent of the Bank. In add~t~on to any other Ca!lateral securing this loan, it any, the Maker hereby grants to Bank a secur~ly interest in all 4~r~~~~t~r1y of each Obligor now ~,r at any t~me hereatter ~n the possession of Eank in any capacity whatsoever. including, but ~,u~ l~rn~teci to, any balance or share of any deposit, trust, or ayent account, as security for the payment of this note, and a ~,~n nl~~r I~en u~an and secunty inlerest ~n all such property of each Maker as security for Ihe payment of all other liabilities o( ~~~~ch Maker ta E3ank (includ~ng all I~a~~l~ties of each Maker). The Obl~gors, jo~ntly and severaliy, promise and agree to pay all casts and expenses of collectiQn and reasonable :~tlurney's fees, whether ircurred ~n connection with collection, trial, app~al or otherwise. Presentment, derr2and, protest, notice of dishonor, and extension of time without notice are hereby waived by each and every Obligor. ~ Maker acknowledges rece~pt of a completed copy ot this o and Mortg ge o ove date. 3237 Memory Lane ~~~'L 7G~ly-~ ;,;~~~~{E.S;-- si~~ ~E risto her T. Channon Fort Pierce FL 33450 ' << ~"~-`c.c.~:. ~ • ~-/t2,c.,u.,.,~ .~.i,~,i;~sS SIGNATUAE p~tricia M. Channon << Doc Stamps in The Amount of $54.90 tlttacheci to Mortgage. t '.,Ob1 and under balloon 3-oaS5~000-71Rev 484) OHIGIMAI-BankCopy YELIOW-Cuslomer PINK-Fde f` i , 3 e, ss° '~9~t3~.;~ Received ~8 In Poyment Of Taxes Due On G~ass "C" In'an ;ib'e Personal Property~ ~V Pu~s~~~nt To Chip ~r /1, t32, Acts 0( 1971. P ~;~5 ft,~;.E~t Y21TRA5 ~ C~~ ~ ~~~i c.our;, St. lucie, Go., FIa. R~' r; . ST~~~rt • , - `A ~;T~+~'~ ~l. ~1~7~~%~ ~ - - _ , . ~ - ; ~ . . 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