HomeMy WebLinkAbout0940 balance will be reduced and the interest rate designated above is applied to such reduced outstana~r~g oaiancQ io ue~rs~~~~~~~o ~~~Q a,~~,,.,,,,
ot interest that is due.
if Bank deems itself insecure, or upon the happening of any of the lollowing events, each ot which shaN constitute `a detault
hereunder, all liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, wilhout notice or demand, become
due and payable: (a) failure of any Obligor (wh~ch term shall mean and include each Maker, endorser, surety and guarantor ot this
note) to pariorrn any provision of any security agreement or mortgage securing the repayment hereof, to pay interest herean when
due, or to pay any other liability whatsoever to Banlc when due; (b) the death ot any Obligor; (c} the filing of any pei+Gan under the
Bankruptcy Code, or any similar Tederal or state statute by or againsi any Obligor; (d) an application for the appoiniment of a receiver
or the me!cing ot a general assignment -for the benefit of c~editors by, or the insolvency oi, any Obligor; (e) the entry of a judgment
against any Obligor; (f) the issuing ot any writ of attachment or writ of garnishment, or the fiting of any lien, against any property of
any Obligor; (g) the taking of possession ot any substantial pa~t of the property of any Obligor at the instance ot any governmental
authority; (h) the dissotutian, merger, consolidation or reorganization of any Obligor; or (i) the assignment by any Maker of any equity
in ihe rea! property which is security (or this note, except as is permitted under the terms ot the mortgage, without the prior written
consent of Bank.
In addition to the mortgage securing this loan, Maker hereby grants to Bank a security interest in all property of Maker now or
at any time hereafter in the possession of Bank in any capacity whatsoever, inctuding but not limited to, any balance or sh~re of any
deposit, trust, or agent account, as securiry tor the payment of this note, and a similar lien upon and sscurity interest in alt such
property of each Maker as security for the paym~nt of all other liabilities oi each Maker to Bank (including all liabilities of each Maker).
The Obligors, jointiy and severaNy, promise and agree to pay all costs and expenses ot collection and reasonable attorneys'
fees, whether incurred in connection with collection, trial, appeal or otherwise.
~ Presentment, demand, protest, notice of dishonor, and extension of tima without notice are hereby waived by each and every
Obligor.
Maker acknowledges receipt of a completed copy of this note and mortgage on ihe above date. 3
NOTICE TO COSIGNER: You are being asked to guarantee this debt. Think carefuHy before you do. If the
bonower doesn't pay the debt, you will have to. 8e sure you can afford to pay it you have to and that you
want to accept this responsibility.
Yo~ may have to pay up to the (ull amount of the debt ii the borrower does not pay. You may also have to
pay late tees or cottectian costs, which increase this amount.
The Bank can collect this debt irom you without fi~st trying to collect trom the borrower. The Bank can use the
same collection methods against you that can be used against the borrower, such as suing you, garnishing
your wages, etc. If this debt is ever in default, that fact may become a part o1 your credit record.
This notice is not the contraci that makes you fiable for the debt. '
. ~ ~ ~
` 5108 Seagrape Dr.
~ ADDRESS awrence C. Wh
Ft. Pierce, F1. 34982 ~
ADDREbSS GNATUHE • e
oc stamps in the amount of $41.40 affixed to mortgage
i
SOM and under - nonbal{oon.
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~ :40
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( ORIGINAL • Bank Copy YELLOW - Customer PINK - File
so~st-0oo~ a.v. t~e
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•
SIMPLE INTEREST'
PFiOMISSORY NOTE
PROPERTY REIATED
$ 27,560.77 _ Oct. 16 19 ~