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Home My WebLink About0986 SIMPLE INTEREST PROMISSORY NOTE • PROPERTY RELATED ~ . ' t . + S 22 L612. 13 June 30 ~g 87 i For value received, ihe undersigned {whether one or more hereinafier called "Maker"), joinlly' and severally, p~omise~ to pay to the order s.u.n_-~aak~LTx.ea.suxe~aas t,--Ila.tiaua~.-Assnc.ia-tinn (which, together with (NAME OF BANK) ' subsequent holders ot this note, are ~eferred to as "Bank") al its oNice at ur~i,e - Fiorida, theprincipalsumot Twenty Two Thousand ~ix Hundred Twelve b 13/104pollars(S22,612.13~ with inlQrest irom the date hereot at ihe rate oi 9~.~% per annum on the iu~i amoant of said principal sum remaining irom time to time unpaid, payabte in 14 4 monlhty installmenls oi S_31_'L._11 ~ each on the 3 0 t h day ot each successive month commencing on _,I_uly__.3.0 19 $1 . The Maker promises to pay late charges not !o exceed 5% of ihe amount ol any payment or payments in deiault. All payments made hereunder shall be credited t~rst to inte~est and lawtul charges then accrued and the remainer to principal. Maker has IhQ righi to prepay this note, in whote or in part, wiihout penalty at any time upo~ the payment ot accrued and past due interest and charges to date ot prepayment p~us a service lee in th@ amount ot the lesser ot 550.00 or 2 percent of the p~incipat amount ot this toan (Amount Financed), provided, howover, that any partial prepayment ot principal shall be applieci to the instaliment or inslaltments ot principal last maturing hereunder. The amou~ts referred to above have been computed upon the assumption that all inslaUmenl payments will be made on the respective schedule~ due dates. lntorest accrues on 1he unpaid outstanding principal bal:~nce. It ~ny inslallment is not paid in lull on the due date. Maker will be obtigated to pay such additio~al amounts as may bc;comQ payable by reason o( Ihe continuing accrual of inieresl a~ i~e ratQ des~gnated above. Any rosulting charges accruing on account of fai~ure to make iimely payment on !he due dates will cause increases in some of the amounts designated above. Any installment payment made prio~ to any due date or dates, or any prepayment, may cause decreases in some ol the amounts designaled above for Ihe reason that the u~paid outstanding p~incipal balance will be reduced and the interest rate designated above is applied to such reduced outstanding balance ta determine the amount of interest that i; II 8enk deems itself insecure, or upon Ihe happening ot any ot the following events, each ot which shali cor~stituie a deiauii hereunder, afl liabilities of each Maker to Bank shall thereupon or thereatter, at the option of Bank, without notice or demand, become due and payable: (a) lailure of any Obligor (which term shall mean and include each Maker, endorser, surety and guarantor of Ihis : note) to periorm any provision of any security agreement or mortgage securing the repayment hereol, to pay interest hereon when ; due, or to pay any olher.liability whatsoever to 8ank when due; (b) the death of any Obligor; (c) the filing of any petition under the Bankruptcy Code, or any similar federal or state statute by or against any Obligor (d) an application !or the appointment o( a receiver ~ or the making ot a gen~ral assignment tor the benetit of credito~s by, or the insotvency o(, any Obligor; (e) the entry o! a judgment ~ against any Obtigor; (f) the issuing of any writ ol attachment or writ ol garnishmenl, or tfie liling ol any lien, against any property oi € any Obligor; {g) the taking ot possession ot any substantial part ol the property of any Obtigor at the inslance of any governmental authority; (h) the dissolution, merger, consolidation o~ rearganization of any Obligor; or (i) the assignment by any Maker ot any equity in the real property which is security tor this note, except as is permitted under the terms of the mortgage, without ihe prior written consent of 8ank. In additian to the morigage securing this loan, Maker he~eby grants to Bank a security interest in all property oi Maker now or : at any time hereafter in Ihe possession of Bank in any capacity whalsoever, including but not limited to, any balance or share oi any ~ deposit, trust, or agent accou~t, as security tor the payrnent oi this note, and a similar lien upon and security interest in atl such ; propeny of each Maker as security for Ihe payment of all other liabilities of each Maker to Bank (inctuding a11 liabilities of each Maker), ~ The Obligors, jointly and severally, promise and agree to pay all costs and expenses of collection and reasonabte attorneys' ~ fees, whether incurred in connection with collection, lrial, appeal or othen~vise. ~ Presentment, demand, pratest, notice of dishonor, and extension o! lime wilhoul notice are hereby waived by each and every ~ Obligo?. Maker acknowledges receipt of a completed copy of this note and mortgage on the above date. NOTICE TO COSIGNER; You are being asked io guarantee this debt. Think care(ully before you do. It the borrower doesnl pay the debt, you will have to. Be sure you can aHord to pay it you have to and that you ~ want to accept this responsi~i~4ity. I You may have to pay up to !he 1u11 amounl oi Ihe debt it the borrower does not pay. You may also have to pay late tees or collection costs, which increase this amount. ~ The Bank can coliect ihis debt from you without tirst irying to collect Irom ihe borrowec The Bank can use ttie ~ same collection methods against you that can be used against ihe borrower, such as suing you, garnish6ng your wages, etc. It this debt is ever in default, that tact may become a part of ~ur credit record. ~ This notice is not the contract that makes you liable ~or lhe debt. ~ : 401 Campbell Road ~ l AODRESS SIG , R~ ~ ` ' / Ft PiErrR F1 334,,51 ~ ~~~-~~Z/~ r~~:~.~ ~ - ADDRESS 83f 836 StGN~i'URE i-' ' - , '8? ,1U1 17 P 3 :55 ~ ~ 50M and under - nonballoon. ~ ; ~ FILF:~ : _ - _ ; 1a, 1~~U1i~_.~~ : G:r ST.LUGd6e statnp~ in amount of 34.05 affixed to Receiv~d s.~--~ Payment Of Taxes mortgage Due On C"= In~;.rq'E,I^ P~~sooat Propcrly. Purs~aN io C~s.?'c~ 71, 134, Acts Of 1971. DOUG' ~;X~~;v, ~L-- Cierk Cirtu:~ Ccurt~ St, Luae, Co., F~~, , , . . _ i i ' ORIGINAL - Bank Copy YELIOW • Customer PiNK - Fde Q Q~t ' ,.o.s,.oow r~..,,. 8 ~~K JQ PAGf 981 . _ " . _