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HomeMy WebLinkAbout0966 SIMPLE INTEREST PROMISSORY NOTE . PROPERTY RELA7ED , a 5120.54 _ MArch 11 ~9 87 For value received, the undersigned (whether one or more hereinafter called "Maker"), jointly and severally, promises to pay to the order Sun Bank/Treasure Coast National Association (which, together with (NAME OF BM1K) subsequent holders of this note, are referred to as "Bank") at its ott~ce at North Port St LuCie Fiorida, the principal sum of - Fi~ty ()ile Hundred Twenty Dollars 54 /100------- Doaars (a5120 . 54 ~ with interest from the data hereof at the rate o1 10 . 35~ per annum on the tull amount ol said p~incipal sum remaining Irom time to time unpaid, payable in 3 6 monthly installments of a 16 6. 0 6 each on the ~ th day of each successive month commencing on _April 4 , 19 87 . The Maker promises to pay late charges not to exceed 596 of the amount ot any payment or payments in default. All payments made hereunder shall be credited (irst to interest and lawtut charges then accrued and the remainer to principal. Maker has the right to prepay this note, in whole or in part, without penalty at any time upon the payment of accrued and past due _ interest and charges to date of prepayment plus a service fee in the amount of the lesser of $50.00 or 2 percent ot the principal amount of this loan (Amount Financed), provided, however, that sny partial prepayment of principal shall be applied to the installment or inslallments ot 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. lnterest accrues on the unpaid outstanding principal balance. It any installment is not paid in tull on the due date, Make~ will be obligated to pay such additional amounts as may become payable by reason of the continuing accrual of interest at the rate designated above. Any resuiting charges accruing on account of failure to make timely payment on the due dales will cause increases in some of the amounts designated above. My installment paymenl made prior to any due date or dates, or any prepayment, may cause decreases in some of the amounts designated above to~ the reason that the unpaid outstanding principal batance will be reduced and the interest rate designated above is apptied to such reduced outstanding balance to determine the amount of interest that is due. If Bank dsems itself insecure, or upon the happening of any of the following events, each oi which shall constitute a de(autt hereunder, alf liabilities of each Maker to Bank shell thereupon or thereafter, at the option oi Bank, without notice or demand, become ~ due and payable: (a) tailure of any Obligor (which term shall mean and include each Maker, endorser, surety and guarantor of this note) to periorm any provision of any securiry agreement or mortgage securing the repayment hereot, to pay interest hereon when due, or to pay any other liability whatsoever to Bank when due; (b) the death of any Obligor; (c) the filing of any petition under the Bankruptcy Code, or any similar (ederal or state statute by or against any Obfigor; (d) an application (or the appointment of a receiver or the making o1 a general assignment for the benefit of creditors by, or the insolvency oi, any Obligor; (e) the entry of a judgment against any Obligor; (i) the issuing of any writ of attachment or wrii of garnishment, or the (iling of any lien, against any property of any Obligor; (g) the taking of possession of any substantial part oi the property of any Obligor at the instance oi any governmentat authority; (h) the dissoluiion, merger, consotidation or reorganization of any Obligor; or (i) the assignment by any Maker of any equity ~ in the real property which is security for this note, except as is permitted under ihe terms oi the mortgage, without the prior written consent ot Bank. I In addition to the mortgage securing this loan, Maker hereby grant$ to Bank a Securiry interest in all property of Maker 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 ac~rount, as security for the payment of this note, and a similar li~n upon and security interest in all such property oi each Maker as secu~ty tor the payment of all other liabilities ot each Maker to Bank (inctuding al! liabilities of each Maker). The Obligars, jantty and severalty, promise and agree to pay all costs and expenses of cotlection and reasonable attorneys' : fees, vyhether incurred in connection with collection, trial, appeal 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 ot this note and mo~tgage on the above date. ' NOTICE TO COSIGNER: You are being asked to guarantee this debt. Think carefully betore you do. If the borrower doesM pay the debt, you will have to. Be sure you can aftord to pay if yau have !o and that you want to accept this responsibility. ~ ~ t You may have to pay up to the full amount of the debt if the borrower does not pay. You may also have to pay laie fees or collection costs, which increase this amount. k ~ The Bank can collect this debt irom you without first trying lo collect irom the borrower. The Bank can use the same collsction methods against you that can be used against the borrawer, such as suing you, garnishing your wages, etc. I( this debt is ever in detault, that tact may become a part of our credit record. This notice is not the contract that makes you liable for the debt. 2022 l;korot Rd SW Port St Lucie, F1 33453 ADDRESS SI E 2022 Akorot Rd SW Ma c M Cristaldi Port St Lucie, F1 33453 ~ ~ ADDRESS SIG ATURE 3 Deborah Cristaldi ~ ~ 50M and under - nonbalfoon. DoC Stamps in the Amt of 7. 80 af f ixed to Mtg ~F I~ ~13439 7 MA~ 18 P 3~30 F~ . DOi)': ~ ~ ' Sj~ v ORIGINAL - Bank Copy YELLOW - Customer PINK • F~te soas~aoo~ pw. ~ne i ~5~5 PI~09g6 _ , .•s-,n,,.~~..a~c,ca~ : . . ..y, - - - . . ~