The URL can be used to link to this page

Home My WebLink About0960 - d~ ~'G o~ SIMPLE INTEREST PROMISSORY NOTE PROPERTY REl.ATED y - ;r^-,~-~--~~~ MArch 1~_ ts ~Z- For vatue received, the undersigned (whether one or more hereinafter called "Maker"), jointiy and severally, promises to pay to the order SLn Bank/Treasure C~as4- National A~~ociation (which, together with (NAME OF BANKj subsequent hotders of this noto, are reterred to as "Bank") at its oNice at North Port St L.LCie Florida, the principal sum ot _Ten Thrn~~anrl Si x h mdr d t,we~ n i ne 31 f 100-- Dollars 10 , 629 . 31) with interest irom the date hereot at the rate ot ~1_,~_% per annum on Ihe full amount oi said p~incipal sum remai~ing Irom ' time to time unpaid, payable in _ 1 ~ n monthly installments ot $ L4 9- 4 4 each on the _12t1L day ot each successive month commencing on _A~i l 12 . 19_.8_Z-_• The Maker promises to pay late charges not to exceed 5% ot ?he amount ot any payment or payments in detault. All payments made hereunder shall be credited first to interest and lawtul charges then accrued and the remainer to principal. Maker has the righi to prepay this note, in whole or in part, wilhout penalty at any time upon the payment ot accrued and past due interest and charges to date ol prepayment plus a service tee in the amount ot the lesser ot $50.00 or 2 percent of the principal amount o1 this loan (Amount Financed), provided, however, thal any partial prepayment oi pri~cipal shafl be applied to the installment or instatlmenls ot principal last maturing hereunder. The amounts re(erred to above have been computed upon the assumption thal all installment payments will be made on the respect+ve scheduled due dates. Interest accrues on the unpaid outstanding principal balance. If any installment is not paid in full on the due date, Maker will be obligated to pay such additional amounts as may become payable by reason of the continuing accrual oi interest at Ihe rate designated above. Any resulting charges accruing on account of (ailure to make timety payment on the due dates witl cause increases in some ot ihe amounts designated above. Any instaltment payment made prior to any due date or dates, or any prepaymenl, may cause decreases in some of the amounts designated above for the reason lhat the unpaid oulstanding principal batance will be reduced and the interast rate designated above is applied to such reduced outstanding batance to determine the amount oi interest that is due. If Bank deems itselt insecure, or upon the happening ot any of the (ollowing events, each of which shall constitute a default hereunder, all liabitities ot each Maker to Bank shall thereupon or thereafter, ai the option oi Bank, without notice or demand, become due and payable: (a) failure of any Obligor (which term shall mean and include each Maker, endorser, surety and guarantor oi this note) to periorm any provision oi any security agreement or mortgage securing the repayment hereot, to pay interest hereon when due, or to pay any other liabiliry whatsoever to Bank when due; (b) the death ot any Obligor; (c) the filing o( any petition under the Bankruptcy Code, or any simitar lederal or state statute by or against any Obtigor: (d) an apptication for ihe appointment of a receiver or the making of a general assignment tor the benefit ot creditors by, or the insolvency ot, any Obligor; (e) the entry of a judgment against any Obtigor: (i) the issuing of any writ ot attachment or writ ol garnishment, or the filing of any lien, against any property ol any Obligor; (g) the taking oi possession ol any substantial part ot ihe property of any Obligor at the instance oi any governmental authoriry; (h) the dissolution, merger, consolidalion or reorganization ot any Obligor: or (i) the assignment by any Maker ot any equity in the real property which is security for this note, except as is permitted under the terms of the mortgage, without the prior written consent of Bank. In addition to the mortgage securing this loan, Maker hereby grants to Bank a security interest in all property ot Maker now or at any time hereaiter in the possession of Bank in any capaciry whatsoever, including but not limited to, any balance or share oi any deposit, trust, or agent accouni, as security for the payment oi this note, and a similar lien upon and security interest in all such i property oi each Maker as security for the payment of all other liabilities oi each Maker tb Bank (inctuding all liabilities of each Maker). ' The Obligors, jointly and severally, promise and agree to pay all costs and expenses of collection and reasonable attorneys' ~ (ees, whether incurred in connection with collection, irial, appeal or othervvise. Presentmenl, demand, protest, notice ot dishonor, and extension o1 time without notice are hereby waived by each and every Obligor. . Maker acknowledges receipt of a compteted copy of this note and mo~tgage on the above date. NOTICE TO COSIGNER: You are being asked to guarantee this debt. Think caretully betore you do. If ihe borrower doesn't pay the debt, you will have to. Be sure you can aflord to pay ii you have to and that you wanl to accept this responsibitity. , You may have to pay up to the full amount ol the debt ii the borrower does not pay. You may also have to pay late lees or collection costs, which increase this amount. The Bank can collect this debt from you wiihout tirst trying to coltect Irom the borrowec The Bank can use the same collection melhods against you that can be used against Ihe borrower such as suing you, garnishing your wages. etc. It this debt is ever in deiault, that tact may become a part of }~our credit record. This notice is not the contract ihat makes you Iiable (or the debt. 2252 SE Rainier Road Port St Lucie, Fl 33452 ; ~'C ct-t-.` -yaF_-,~-c- ~ , ADDBE~,S SE Rainier Road SIGNATURE Mario Franco 2252 . Port St Lucie, Fl 33452 a,~-,,~'~. ~-t,e*~ ADDRESS SIGNATURE Maria tty Franco i Doc Stamps in the Amt of 16.05 50M and under - nonballoon. af f].xed to Mtg ~ ' 8? H A R 1 S P 3~2? C~ 81343'7 F . a ~u,.. _ S L~`` ~ g~53~ P~~09~~ -~.w-_r . _:-,~~---r:_-~~,.!!a-,-~> - - j~: _