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Home My WebLink About0981 ~IMP~E INTEfl~8T , PROMt880RY NOTE PROPERTY REIATED ~ , s _10,2~2.27 July 13, ~y 87 For value received, the undersigned (whether one or mwe hereinaiter called "Maker"), jointly arxi seve?aly, promises to pay Sun Bank/Trea~ure Coaat, National A~eociation (which, tagether with 'IV u~v v~...:. _ y~ B~^7 subsequent hoklers of thls note~ are reterred W as "Bank'~ at its offlce at F~• pierce the {xindpal sum ofT_en thousend toro hundred eiqhty-two and 27~100--------- po~~~ ~s10.282.27 ~ with intereat trom the dat~ hereof et the ~ate oi 1Q•75 96 per annum on the full amount of said principal sum remalning from time to ame unpaid. payab{e in ~4 monthly insietiments otS 222 28 e~q~ 15th ~y ot each sua;essive month oommencing on Au,gu t 15 ~ , ~g 87 Maker promises to pay late c~arges nat to exceed 596 ot the an~ount of any paymeni or payments i~ defsult. Aii payments made hereunder shaN be credited ~r$t to interest and lawtul cherges then accrued and the remainer W pri~cipal, Maker has the right to prepey this note~ in whole or In part~ without penalty at any tlme upon the paymeM of eaxued and past due interest and charges to date o! prepayment pfus a servtce tee in the amount o! the lesser of 550.00 or 2 peroeM ot the princtpal anwuRt of 1hls ban (Ilmount FlnanCed)~ jxOVided, however, that any part+a! prepayment of principa) shai) be appNed to the instaliment ar installmenls ot prindpal tast maturtng hereunder. The amounta referred to abov~e have been oamputed upon the assumpti~on ihat a!1 instatlment paymenta wili be me~ie ort the respactive scheduied due daies. tnteresc accr~,es on utie un~a+d outstana?n~ ~rnci~ baiance. li any insteNmsM is ~ot paid in fult on the due date, Maker will be obli~eted to pay such additbnal amounts as maY beoome payable by reas~ar~ ot the oontinuing ~axual ot lnterast at the raie a~K.t~ ~ny~ r~sut~na charges accruing on aocount ot taiture to make ~mely paym8~t on the due dates wiN cause increases in some of the amounts designated abovs. nny in~tai~~Y ;~3;~! ~±~A ~rior to any due date or dates, or any ~ prepayrnent~ may cause decreases in some oi the amounts designaied above for the reaso~ that the u~paid outs~eufo~~, ~ batanoe will be rede?ced and the interest rate designated above Is applied io such raduced cwistanding balance to detemnine the amounl ~ oi interest that is due. ~ H Bank deems itseN insecure. or upon the happening ot any of the tollowing events, each of which shatl consMute a defauR ~ hsreurxfer, all liabtlides of each Make? to 8ank shaH thereupon or thereafter, at th~ option af 8ank, without nodce or demand. bdcome due and payabie: (a) taiture ot any Obl~gor (which temt shall mean and include each Maker. endorser, surery and guarentOr of this notej to pe~form any p?ovtsbn ot eny sec~~rity agresment or morlgage secu~ing the repayment hereof. to pay interest hereon wNen ' due, or io pey any other liabiliy whatsoever to Bank when due; (b) the desth of any Obligo~; (c) the Nling of any peti~on under the ' 8ankruptcy Code, or any similar tederel or state statute by or egalnst any Obligor; (d) an applicati~on tor the appointment of a receiver ~ or the meking oi a~enerai assignmenl tor the ber~fit ot creditors by, or the tnsolvency ot, any Obligor; (8) the entry of a judgment i against any Obiiga; the issufng of any writ ot attac~ment or wM of gamishment, or the frNng of any lien, epainst any property o! ~ ~Y (A) ~~~9 ot p~ossession ot any substaMial pan of the pnoperty ot any Obligor at the instance o! sny governmenta! auU~oriy; (h) the dissolutior?. merger, consolkiation or reorganization ot any Obligor: or (i) the assignmenR by any Maker of any equ+ty in the real pr~erty which is security for this twte, except as is permitted undar the terms of the mortgage, wiUtout the prior written oonsertt of Bank. . . . In addition to tl~e mortgage securing this ban, Make? hereby grants to ~Bank a security fnterest in ali property ot Maker ~pw or ~ at any t+me hereafter in the possession bt Bank in any capacity whatsoever. induding but not limited to, any bal~ or share of any ~ i deposit. trust, or age~t acoount, as security for the peyrt~t ot this note. and a simllar lien upon and security Interest in al! such property oi each Maker as security tor the payment of atl other tiabilities of eaah Makef to Bank (induding aN Nabilities of ~ach Ntakerj.. ; ~ - The Obligors, joiniy and severalty. pr+amise and agrea to pey afl costs and expenses of collection and raasonable attorneys' tees. whether incurted in oonnection with oollecdon, trial, appeal or otherwise. ~ presentment, demand, prolest, noUCe ot dishonor, and extension of time withaut notice are hereby waived by each and every ~ Maker acknowledges receipt ot a completed copy ot this note and moRgage on the above date. NOTICE TO COSIt3NER: l~bu ere being asked to guarantee this debt. Think carsfully betore you do. If the ~ } borrower doesnt pay the debt. you will have to. Be sure you can aNord to pay if you have,to and that you want to accept this responsibiliry. . You mey have to pay up to the tult amount of the debt ii the borrower does not pay. You may also have to ' pay late fees or collection costs. which increase this amount. The Bank can coNect this debt from you without first tryinp to oollect from the borrower. The Bank can use the ~ . same collection methods egainst you that cen be used agalnst ttie borrower, such as suirtg you. gamishing your wages, stc. lT this debt is ever in defautt, that tact may bec9me a part of your credit reoord. This noUce is not the contract that mekes you liabte tar the debt. ~ 7Q2 Keaxney Road ~ ~ ~ ~ AODRESS gt. Pierce, FL 34982 SI NATURE g~r W~ ~ ' ADDRESS SIGNATURE Doa. stamps in the amaunt of $15.45 affixed ' the aartgage. 50M ared under - nor?baltoon. ~ 83f 832 ~ ~ f ~ P 3 :5 . F~~Ln .i OOtIG! ~j. ~ ' " ~ - sr. <j<~-- - = ~r~ OAlC31NAL • t3eNc Copy YELLO'W - Customer PINlQ - Fiid' i- • so~.ooa~ ~ uw BaoK550 P~ 97~ . . =w--r•_L~"~~.i~:--