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Home My WebLink About0983 • PROMISS~RY I~T~ PROPERTY RELATED ~ ' , , ~ „ ~ BALLOOI~ ~ ~ . ~ 9.719 .02 , , ~ Aug. 1? 19 a~. ' . , . , . . . . . For value received, ihe unde~signed (and'it more than one, each of them jointly and severally), herelnafter ~alled Maker, promises to pay to the order ot Sun Bauk/Treaeure Coa~t, N~tiQnal ~which, togethe~ with subsequent (NAME OF BANK)~~~pi~- hoider of this nate, a~ ef retl ip s"8ank" at 'tsA}~i e at ~ torida, the principal sum of ~inety-Seven~un~red N~neteen ~ (~Z/lo~ Dolla~s($ •d~ )with interest i~om the date hereoi at the rate of 12. 50 96 per annum on the tull mou t of said principal sum~remain- ~ lbth m time to time unpaid, payable in Sg monthlyen~tal16 nts of $ x~2 • 2~~ each on the day of each successive month commencing on _8 p , 19 , together with one pay- ment in the amount of $ 6,GGS.92 , due on A~S • 16 , 19 92 , provided, however, lhat the finai payment of the entire indebtedness evidenced hareby, if no! sooner paid, shali be due and payable on Au~t. 16 , 1 g 92 . The Maker promises to pay late charges nol to exceed 5% of Ihe amount of any payment or payments in detault. All payments made hereunder shall be credited iirst to interest and lawfui charges then accrued and ihe remainder to prin~ipal. The Maker has the right to repay this loan, in whole or in part, without penaity at any time upon the payment of accrued and past due interest to date of prepayment plus a service fee in the amount of the tesser of $50.00 or 2 percent oi the principal amount of this loan (Amount Financed), provided, however, that any partial prepayment of principal shall be applied to 1he installment or installments of principal last maturing hereunder. The amounts referred to above have been computed upon ihe assumption that all installment payments will be made on the respective scheduled due dales. The interest is imposed on the unpaid outstanding principal balance. If any installment is not paid in tull on such due date,lhe Maker will be obligated to pay such addilional amounts as may become payable by reason of the continuing accrual of interest at the rate designated above. Any resulting charges accruing on - account of failure to make timely payment on the due dates may cause increases in some oi the amaunts designated above, and such aggregate increase shall be payable at the time of the tast installment. Any installment made prior lo any due date or dates, or any prepayment, will cause decreases in some of the amounts designated above fo?!he reason that the unpaid outstanding principal balance witl be reduced and the interest rate designated above is applied to such reduced outstanding balance to determine the amount of interesi ihat is due. If the Bank deems itself insecu~e, or upon the happening of any of the tollowing evenls, each of which shall constitute ~ a default hereunder, all liabilities of each Maker to Bank shall thereupon or thereafter, at 1he option of Bank, without notice or demand, become due and payable: (a) failure of any Obligor (which term shall mean and include each ~Aaker, endorser, - surety and guarantor of this note) to perform any provision of any security agreement securing the repayment hereof, to pay interest hereon when due, or to pay any other liability whatsoever to Bank when due; (b) the dealh of any Obligor; (c) ihe filing af any petiiion under the Bankruptcy Code, or any similar federal or state statute by or against any Obligor; (d) an . ~ application for the appointment of a receiver or the making of a general assignment for the benefit of creditors by, or the insolvency oi, any Obligor,(e) ihe entry of a judgment against any Obligor; (f) the issuing of any writ of attachment or writ ot ; ' garnishment, or the f iling of any lien, against any property of any Obligor, (g) the laking of possession of any substantial part of the property of any Obtigor at 1he instance of any governmental authority; (h) the dissolution, merger, consolidation or reorganization of any Obligor; or (i) the transfer of atl or any part of the real property which is pledged as security tor this note, except us is pe~mitted under the terms of the Mortgage, without the prior written consent of the Bank. In addition to any other Collateral securing this loan, if any, the Maker hereby grants to Bank a securily interest in all property oi each Obligor now or at any time hereafter in the possession of 8ank in any capacity whatsoever, including, but not limited to, any batance or share of any deposit, lrust, or agent account, as security for the payment of Ihis note, and a ~ simitar tien upon and security interest in a!I such property of each Maker as security for ihe payment of all other liabilities of each Maker to Bank (including all liabilities of each Maker). The Obligors, jointly and severally, p~omise and agree to pay all costs and expenses of collection and reasonabte attorney's fees, whether 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 of this Note and Mor e on the abo date. P.O.Box 3004 F~AOPierce, Florida 34948 ~ ~ ~ ~ _ ~ - aooR~ss si A ~E • , Doc stam~s in the amount of $14.70 affixed to mortgage 50M and under - balloon • 3-0455-000-7~Rev.~t8~) ORIGINAL- Copy YELL W-Customer PINK- ~ Received s~-=--i-= ~n P~me~t 04'Taaxes Due On Class ~~C'~ Inlangible Personat Property, ~3428'79 Pursuant To Chapter 71, 134, Acls O{ 1971. DOUGIAS D1XON, Gierk Circv~~ Coun, Si. Lucie, Co., fta~ ~e7 a~ 19 P 2 :16 . OOUG:_ - ST. L~!;. ~ BOOK PAGE 9S1 ~ ti~-~'x.: r~ _ - . - - - _