HomeMy WebLinkAbout0942 accoun[ or ranure to make t~mery payment pn the due dates may cause increases in some of the amourns cles~gnatea anove.
and such aggregate increase shall be payable at the time oi the last instaliment. Any ~nstallment made pr~or to any due date ~
or dates, or any prepayment, will cause decreases in some ot the amounts designated above for the reason that th~unpaid
outstanding pnncipal balance will be reduced and the interest rate designated above is applied to such reduced
outstanding balance to determine the amount of interest tiiat is due.
If the Bank deems itself insecure, or upon the happening of any o( the following events. each oi which shall constitule
a default hereunder, all liabilities of each Maker to Bank shalt thereupon or thereafter, at the option of Bank, w~thout not+ceos
demand, become due and payabte: (a) (ailure of any Obligor (which term sha?I mean and ~nclude each Maker, endorser,
surety and guarantor of this note) to pertorm any provision o! any securisy agreement secunng the repayment hereot, to pay
interest hereon when due, or to pay any other liability whatsoever to Bank when due; (b) the death ot any Obligor; (c) the
filing of any pe;ition under the Bankruptcy Code, or any similar federal or stale statute by or aga~nst any Obl~yor, (d) an
apptication tor the appointment of a receiver or the making ef a general assignment for the benef~t of credilors by, or the
insolvency of, any Obtigor; (e) the entry cf a judgment against any Obligor. (f) the issu~ng o( any wnt of attachment or writ of
garnishment, or the filing of any lien, against any properfy oi any Obligor; (gj the tak~ng of possess~on of any substant~al part
of the property of any Obtigor at the instance of any governmental authonty: (h) the d~ssolutron, merger, conso~?dat~on or
reorganization of any Obligor; or (i) the trar~sfer of all or any part of the rea! property which ,s pledged as secur~ty for th~s
note, except as is permitted under the terms of the Mortgage. without tt~e pnor wr~tten consent uf the Bank.
!n addition to any other Collateral securing this loan, if any, the Maker hereby grants to Bank a secunry interest in all
property of each Obligor now or at any time hereatter in the possession of Eank ~n any capacity whatsoever. ~nclud~ng, bu! ;
not limited to, any balance or share of any deposit, lrust, or agent account, as security for the payment of this note, and a
simitar lien upon and security interest in all such property ot each Maker as secur?ty for the payment of all other liabit~ties of
each Maker to Bank (including all liabilities of each Maker).
The Obligors. ~ointly and severafly, promise and agree to pay all costs and expenses of collect?on and reason~ble
attorney's fees, whether incurred in conneclion with co!lection, trial, appsal or otherw?se
Presentment, demand, prolest, notice of dishonor, and exiension of time w~thout notice are hereby wa~ved by each
and eve?y Obl~gor.
Maker acknowledges receipt of a completed copy of this Note nd Mortgage on t bov dale
7705 Holopaw Ave. X
~
ADDAESS SI TUR James o tlson
Ft. Pierce, F1. 34951 ~~~~c~L ~h, ~t~~
~v~
j. ADDRESS SIGNA7URE
Patricia M. Johnson
~ Doc stamps in the amount of $32.55 affixed to mortgage
SOM and undei - bauoon
3-0455-000•7 (Rev 4 84) ORIGlNAl - 8ank Copy YEILOW - C~stomer PINK - File
7 ~
~ In Paymenl Qf Taxes
( ~ ~ k ~l/~, 5~ I
R~:CC~VI±~ S r-
~~e On Cl~ss Inrtr•~ ~.,..~..,,I ~•~p~r1y.
~ b53~~33 ~ ; ~~~5 ~F <<»,.
` vUUG_;.~ ~ ::~Ot~,
I Cler;c Circu~t Court, 51. lucie, Co., Fla.
I
•a7 OCT 16 P 3 :a~
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00}J ~ . .
ST. ~ t. .
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gaoK 561 ~~A~,E 9~s9
SIMPLE INTEREST "
PROMISSORY IYOTE
PROPERTY REIATED
- BALLOON
~ 21.6sa.71 • occ, is s7
_ 19_
Foc value ~eceived, the undersigned (and ii more lhan one, each of them ointly and severally), hereinatter called
Maker, promises to pay to the order of Sun Bank/Treasure Coset, Nationa~ (which, together w~th subsequent
(fVAMEOFBRNK) Association