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Home My WebLink About0992 ` ~ SIMPLE INT~R~ST ' PROMI~SaHY ~lOT~ ' ~ PROPERTY R~LAY~D t3016.16 December 18 ~g 87 ~ ~ _ - . ; . ~ For value received, the undarsigned (whether one or more hereinatter called "Maker"), jointly and severally, ~romis3s to pay ' to ihe order Sun Bank/Treasure Coast, National Aseociation !(which, tng~ther ~vilh ! (NAME OF BANK) . subsequent holders ot this note, are ~eferred to as "Bank") at its ofticc~ at Port St Lucie Ftor~ia, the prineipal sum of Ei~ht Thousand Sixteen and 1b/100------------------~---- Dollars ($$Olti. 16 ~ with interest from the date hereof at the rate ot 13.20 % per ar.num on the fuil amount of said principal sum remaining (rom time to time unpaid, payable in 60 monthly installments of S 183 • 22 each on the 17th day ~ of each succ:essive montl~ commencing o~ January 1~7 , ig 88 TFse Maker promises to pay late chargQS ~ not to exceed 5% oi Ihe amount oi any payment or payments in default. , All payments made hereunder shall be creciited lirst to interest and lawtul charges then ac~crued and the remainer to principal. ' Ivlaker has the right io prepay this note, in whole or in part, without penalty at any time upon the payment ot accrued and past due ~ intorest and charges to date o( prepayment plus a servics iee in the amount of the tesser of $50.00 or 2 perceM ot the ~rincipal ~ amount ot this loan (Amount Financed), provided, however, that any partial prepayme~t ai principal shall be applied to the installmen~ or installments ot principal last maturing hereunder. 7he amounts ~e(erred to above have been computesi upon the assumption that all installment payments will be made on the ; respective scheduled due dates. Interest accrues on the unpaid outstanding principal aalance. It a~y installment is not pai d in tu l l on E the due date, Maker will be obligated to pay such addiY~onal amounts as may become payable by ~eason ot the continuing accrual ot << interest at the rate designated above. Any resulting charges accruing on account oi tailure fo make timely payment on the due dates will cause increases in some af the amounts designated above. Any installment payment made prior to any due date or dates, or a~y prepayment, may cause decreases in some oi the amounts designated above (or the ~eason that the unpaid outslanding principal ~ balance will be reduced and the interest rate designated above is applied to such reduced outstanding balance to determine the amount of interest that is due. If Bank deems itself insecure, or upon the happening ot any of the tollawing events, each of which shall constitute a defautt hereunder, all liabilities o( each Maker to Bank shall thereupon or thereafter, at the option of Bank, without notice or demand, become due and payable: (a) tailure ot any Obligor (which term shall mean and include each Maker, endorser, surety and guarantor ot this note) to perform any provision of any security agreement or mortgage securing the repayment hereof, to pay interest hareon when due, or to pay any other liability whatsoever to Bank when due; (b) the death of any Obligor; (c) the tiling of any petition under the • Bankruptcy Code, or any similar federal or state statute by or against any Obligor; (d) an application for the appointment ot a receiver or the making of a general assignment tor the benetit ot creditars by, or the insolven~y of, any Obligor; (e) th~ entry oi a judgment against any Obligor; (n the issuing ot any writ of attachment or writ of garnishment, or the filing oi any lien, against any property o( any Obligor; (g) the taking oi possession of any substantial part ot the property of any Obligor at the instance of any governmental authoriry; (h) ti~e dissolutio~, merger, consolidation or reorganization ot 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 unde~ the terrns oi the mortgage, without the prior writien . consent oi Bank. . • . In addition to the mortgage securing this loan, Maker hereby grants to 8ank a security interest in all property of Maker now or at any time hereafter in the possession ot Bank in any capacity whaisoever, inctuding but not limited to, any balance or share Qi any deposit, trust, or agent accounl, as security ior the payment ot this note, and a similar lien upon and security interest in all such property of each Maker as security for the payment of all other liabilities of each Maker to Bank (including all liabilities ot each Maksr). • The Obligors, jointty and severally, promise and aqree to pay all costs and expenses ot collection and reasonable attorneys' fees, whether incurred in connection with collection, trial, appeal or otherwise. Presentment, demand, protesi, notice ot dishonor, and extension oi time without notice are hereby waived by each and every ~ Obligor. Maker acknowledges receipt oi a completed copy oi this note and mo~tgage on the above date. i NOTICE TO COSiGNER: You are being asked to guarant~e this debt. Think carefully betore you do. I~ the _ ; borrower doesn't pay the debt, you will have to. Be sure yau can aHord to aay if you have to and that you want to accept this responsibility. . You may have to pay up to the tull amount oi the debt il the borrower does not pay. You may also have to pay late fees or collection costs, which increase this amount. - 1"he Bank can collect this debt irom you without first trying to collect irom the borrowec 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. II this debt is ever in default, that Iact may become a part of your credit record. i~ ~ ' This natice is not the contract that makes you fiable for the debt. ; ~ ADDRESS SIG TU : ~ ~3 AD~RESS SIGNATURE 86~3~~3 ~ SOM and under - nonbalfoon. • ~ 67 Q~C 28 Pt2 ~1 i - - - FI~~G nly~ r'f'~R~.stamps in a+nountt of 12.I5 affixed to moritgage . t t_,; ; QQUGLA~ i=lj:tl~i CL.~.Rtt ; = ST. LUCtE tC~UNtY. FL. ;~-~~j'~~ F~~-~t~~t~liCJ ~ ~c~~:.t~n~~:M1~4~,~:.:;;,_;-rnk,~.~_~r=x ( i; [:FPT. Qf k `tJE:rUE S<: , y tJ Y} f SR. i lJ ~ : r- - OfC28'61 r ~t ;.r'v - ~ ~ .s~ _ P9. ~ i s in ~ s -.~..t^~~j ~'~i' _ 1 - NM ~ OF~IGfNAL • 6ank Copy YEILOW • CuetcxMr P~N~ BOOK P~~~ ~v~ _ sots~-ooaa a.r. ~,~ee . 3