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Home My WebLink About0978 81MPLE INTERE8T ~ PROMI330RY NOTE PROPERTY RELATED . i ? s 21,330.80, July 13 » 87 Fw velue received, the undersigned (whethe? one or more hereinalte~ catled "Maksr"). jointly and severally, promises to pay to the oMe~ Sun $~nk Treas~re Coasr Nat{onal ~gociat en (which, together with Sw~ME 4F BMtKI subsequent holders ol this no1Q. are referred to as "8ank'~ at its ofnce at Port St Luc ie Florida, the principal surti ot T~"'enty.• One Thousand Three Hundred Th~rty and 80 100 pollara (S 21, 330.80 ~ with interest ttom the date hereoi at ihe rate o1 12 96 per annum on the tuli amount ot sa(d prindpel sum remaining irom time ta tlme unpaid, payable in 180 ' monthty tnstaliments oi S 256.01 e~ ~ t~ 12th day of each successive month commerncing On August 12 , 19 87 . The Meker promises to pay late charges nat to exceed 596 of the amount af any payment or payments in det~uit. Atl paymenta mede hereunde~ shaU be credited flrst to interest and lawful che~ges then accrued and the remalner to principal. Maker has the righi to prepay this rate, in whole or in pan, without penalry et any time upon ihe paymeM of accrued and past due interest and charges to dete ot prepayment ptus a servlce te~e in the amount oi the lesser of 550.00 or 2 percent ot the principal amounl of fnis i~a~ (Amount F:sts~), ~vkfed, howeve~, that any partial prepayment o! prindpal shall be applied to the instatimeni w ir?stelimenis of principal last maturing hereunde~ The amounts referred to above have been oomputed upon the asseimptbn thai all insialiment payments witl be made on !he respective scheduled due dates. interest aocrues on the unpaid oulstanding prindpal balance. if any instapment is not paid In tuli on the due date. Meker will be obllgated to pay such aciditionat amounts as may beoome payable by reasorr of the vonlinuing accrual of iMerest at the rate designated above. My resufting charges accruing on acoou~t of failure to make timely payment on the due dates . - v+rill cause incresses in some of the amounts destgnated above. My Installment payment made prior to any due date or dates. or any p?epayment. may cause decreases in some oi the amounts designated ebove for the reason that the unpaid outstanding principal batance wiH be reciuced and the interest rate designated above is applied to such reduced outstandirq bala~ce to dstermi~e the amount of Interest that is due. H 8ank deems itseN insecure, or upon the happening of any ol the tolbwing events, each ot which shall constitute a de(ault hereunder. atl liabilities of each Malcer to 8ank shall thereupon or thereatter, at the option of Bank, withoul notice or demand, become due and p~yable: (a) feilure ot any abtigw (which term sha!! mean end include each Maker, endorser, surety and guarantor ot this note) to perfom~ any provision of any security agreement or mongege securir?g the ~epayment hereof. to pay interest hereon when due, or to pay any other liability whatsoever to Bank when due; (b) the death of any Obligor (c) ihe filing of any petition under the Bankruptcy Code, or any similar tederal or state statute by or against any Obligor; (d) an application tor the appointmeM ot a receiver or the making ot a ge~eral assignment tor the benef+t ot creditors by, or the insolvenoy ot, any Obligor; (e) the entry ot a judgment agai~st aroy Obtigar; (f) the issuing o! any writ oi ariachment or writ of gamishment. or the fiting ot any iien, aga+nst any property ai any Obligor: (g) the taking of possession ot any subsiantiai part oi the property af any Obligor at the instance of any govemmental auttwrity; (h) the dissolulion. merger, c~onsol'Watan ur reorganization o! any Obligor; or (i) the assignment by any Maker of any equity in ihe real property which is security tor this ~ote, except as is pemnitted under the terms of the mortgega. without ihe prior written ' T consent ot Bank. . ~ . . in addition to the mortgage securing this loan. Maker hereby grants to Bank a security interesi in all properry of Maker now or ai any Gme hereafter in the possession ot B~ank in any capacity whatsoever, including but not iimited to, any balance or share ot any deposit. trust. or agent account, as security for the payment of this note, and a similar lien upon and security interest in e~! such ; property of each Maker as security toi the payment of alt other liabilitias ot each Maker to Bank (inctuding ali liabilities of each Maker)_ The Obtigors, jointty and severafly, promise arxi agree to pay all oosts and expenses oi coltection and reasonable atiorr~ys' fess, whettter lncurred in connection with coilection, trial, appeal or otherwise. ~ • ~ Presentment, cfemand, protest, notice ot dishonor, and extension of time without notice are hereby waived by eacA and every ' Obligor. Maker acknowtedges receip! ot a completed copy oi this note and mortgage on ihe above date. NOTfCE TO COSIGNER: You are being asked to guarantee this debt. Think caretully betore you do. tf the barrower doesnt pay the debt, you will have to. Be sure you can af(ord to pay it you have to and that you want t~ aa:ept th+s responsibility. ~ - ~ You may have to pay up to the iull amount ot ihe debt N the borrower doss nof pay. You may also have to pay late tees or collection costs, which increase this amount. The Bank can co{tect this debt irom you without first trying to collect irom the borrower. The Bank can use the same coNeciion methods against you that can be used against the borrower. such as suing you, garnishing your wages, etc. if ihis debt ts ever in detault, thal tact may become a part of ~ credit record. This notice is not the contract that makes you liable for ihe debt. ~ : 2044 Cro~aberry Drive ADDRESS S ATURE an e a r s - ~ - { ~n~t. rro...t,e~~3~--~~us ADDAESS pOrt ST Lucie, Fl 34952 SIt3NATUR p,~ry Ann Walker Do ~Staaps~in the amount of ;32.10 affixed to Mtg. 50M and under - nonballoon. 83s~31 '87 ,lU,. 17 P 3 : . ~ FILE~~ OOUGL,~ . . ,,,:~"~F~x . ST. Lt1C,F . ' 'r' fi . i OpN(31NAL • Bank C'.opy YELLOMf • Customer PtNK - Fib so K 55D 9~ E._,, _ ~ r r- -~.~•-r-_ ~ ~._--:-,.~.t.-~•~- _ 1.,f