HomeMy WebLinkAbout0727 ' Riversid• National B~nk Not~ Number -
ON TH~S DAY OF JANllARY 19 90 FOR VALUE RECEIVEO. THE UNDERSIGNED
~~r~~naher ca~~~d "Maksr" w~thout r~pard to numb~r o~ 9and~~. ~antly ~nd s~v~r~lly PROMISE TO PAY TO TNE ORDEfi OF
RIVERSIDE NATIONAL BANK OF FLORIDA Z211 Oksschobee Rd. Ft. Pisrce. FL. 33450
hereinaher celled "8~nk "
- TNEPRINC1PAlSUM OF FORTY NINE THOUSAND TWO HUNDRED & NO/100 DOLLARS
In monthly interest only payments beginning March 1 1990 with final payment
PAYABIE of principal and accrued 3nterest due February 1, 1~91. _
Interest thsraon shall ~ccrus from th~ d~n of fundinp. comput~ on tM b~s~s o( a 365 d~y ys~r. ~t th~ ANNUAI PERCEN7A3E
RATEOF TwELVE PERCENT 12.OOx _
INTEREST SHAtI BE PAYASIf Monthly beginning March l, ~ 1990. _
All paymtnt~ shNl b~ aDP~~~d (~nt to ~ccru~d ~ntu~~t ~nd tMn to p~i~cipal. Intsr~st wilt ~cc~u~ ac tM r~t~ ct t/3a6M of snnust ints~~sat
for s~ch d~y th~t pnncipal is out~t~ndmp. but in no ~vant sh~ll mt~n~t b~ du• at ~ r~t~ m exc~as of tM ripMst I~wful r~t~. Without
limiting tha general~ty ot th• for~~oinQ. and nothwith~t~ndin~ ~ny or~l or writtsn •preement. no d~posit oi tunds shall D~ r~quirM] in
connecuon with th~s loan m an emount wh~ch will, wh~n d~duct~d trom th~ p~inupsl ~mount outst~ndinp Mreund~t, causo ihe rate of
~ntarest hereunder to •xcs~d tAs m~x~mum I~w(ul r~t~
If any peyment is not mads in full wh~n du~, tM ~ntir~ unp~id pr+nc~pal and accrued interest, lau ~ny u~~am~d int~~~at a~d any
~nterest ~n excess ot the msximum ~Ilow~d by I~w ~nd ~ny rM~t~~ t~quir~d by lew. ahall et ths opt~on of tM holdu b~com~ imm~d~~t~ly
due and paysbls without notics. Failur~ to •x~rcisa th~ option shNl not ccnst~tuts ~ wa~ver of tht subs~qu~nt npht to ~«~rcisa such
opt~on AFTER MATURI'tY. INTEREST SNA~I ACCRUE ON TNE DEItNQUENT PRINCtPAL BAIANCE AT THE HIGHEST LAW~UL
RATE Of INTEREST OR. IF NO MAXIMUM RATE IS PRESCRIBED BY tAW. AT 1896 PER ANNUM.
As sscur~ty for the paym~nt ot this not~. and ~ny nn~w~ls. ~xttnsions o~ mod~f~cu~ons tha~wi, a~d any oth~~ lisDiliti~s ot th~ Maksr
co the Benk. how~ver or wMn~v~r c?~~t~d. M~k~r Mnby yr~nts to tM B~nk a s~cur~ty marsst in:
MORTGAGE DATED JANUARY " , 1990, ENCUMBERING THE FOLLOWING DESCRIBED PROPERTY:
Lot 4, Block 1413, PpRT 5T. LUCIE, SECTION SEVENTEEN, according to the Plat thereof,
recorded in Plat Book 13, Pages 8, 8A t h 8D, public records of St. Lucie County,
Florida.
NlMtMr a no~ ~p~c~t~c Wop~rt~ o~uaD~d ~oa~~. ~ddtw+ul Ncwrty ta tM t~. ~ny qn~wNs •al~nawn~ Or rtwdd~tatqeq tMr~pl. ~nd ~ny otMr
I~~b~I~t~~s ol MaA~r to 8~nk Aow~vu w wN~Mr~~ cr~at~C. M~kN hN~r phdpM W op~rtv ol Mrt~r now o~ MrNh~ QNrvaraO to w I~h M a wmmp
~nt0 tA~ po~s~fNO~+. contrd O~ CustodY of B~nt. wMtA1~ ~apr~!!ly Cdl~t~r~l f~t~nty Or ~n ~ w;.nc~ua~np cash. ~cock ~nd otM~ drr~+ds. ~nd ~u npnta ~o
wbsct~ for ~cu«tHS u~ad~nt to d~ct~+~d or p+~mW ~n tonnlctwn Mnth such p~op~nY1. ~~d p r~b~d ~n co1l~t~n1 r~pp or otAN docum~nts s~pr»d w
IurrnsMW Qy tM M~Y~r. ~nd ~ny ~nd ~11 ~~p1~t~msnl~ of ~M ot tA~ Ippanp. wMIM~ ot not ~n th~ a~uw+~ o~ B~nk Aq sucA popirtr ~nd ~rt~I otMr ¢to{~rtY aKur~np
Mit~r's hab~IrtNS to tM 8~nk w~11 h~r~~h~r W r~f~rrW lo ~s "~M CW~~t«~1 TM ColI~~N~I ~s Wab ~s s~tur~~y lor all otMr M~D~litNS Ipnm~ry. sKOndary. duKt.
com~r+Q~n~ sois ~omt or sw~~~ll aue o~ to o~coms dw or wn~ch m~y b~ na~~ha conu~a~d m aco~~~~o of ~sch Mak~r I~rutudmp Ncn M~ka a~d ~n~ otMr p~rson) to
8~n1~. wM1A~r Suth h1WIiWS ans~ ~n M~ o~A~n~ry cc+un~ of puun~~f or not p~pM n~r~by ~ap~sas~y YrameA to tne B~nk st ds o0bon to Ir~n1fN ~t ~ny Um~ lo rtMl' Or l0
na nom~n~s ~ny CWI~u~~~. srW to r~c~~v~ tn~ ~ncom~ IMr~on ~nA AoiG 1M f~m~ ~s s~tur~ty Mr~fur Or ~4PI~ on ~ne pnnapal or ~nt~r~st dw M~~on w Ou~ on /ny d~Wbry
sKur~O A~nOy Th~ B~nt m~Y COnl~~u~ t0 tWltl iny pl~d~0 ptOp~RY 6~pOUtfO M~WnO~~ ~hs~ tn~ p~Ym~n~ of ~h~s no1• ~t ~t lM Um~ ol IM paYr^~nt ~nd d~st'urp~
I Mr~ot ~ny ol th~ D~rtns h1W~ la tM p~Ym~nt h~i~ol sha~I W tMn Gu~ttly pr cont~np~ntlY haDl~ lo tne Bant sc m~k~r ~ndorsH. wr~ty a pu~r~Ma ol ~nY otM+ nOq.
! oah Ddt oi ~¦cn~ny~ a o~Mr ~nst~urr?~m. a o~Mrw~s~ ~nd rM 8~n? m~r ~n•n•nu •¦•rrs. ~n• r~pnis wnn ~sspect tn s~~A P~~d9~d P~oWnY ~~ntW Mr~in ~wn thouph
4 IMS nol~ sh~l! hav~ O~~n surr~nd~rW io tA~ M~l~r
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~ It n p~a1N ~nd s~vaaUy cov~n~nt~d InQ ~pnM w~lh tM 9~nk Ay ~~cn M~k~r. ~nCOrs~r. sur~ty puu~nto~ anA otMi partY to tA~s not~ (all ol wAOm an Mn~n~ft~r lor
bunnty tNt~d OW~qor or ODt~po~sl 1M1
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~ 1 Add~Iwni to. r~t~as~s. r~ductwn~ a~,ch~nq~s ol. w wDSUtu~an~ la eM Cal~qr~1. payrtants o~ acccuni ot ~n~s wsn or ~ncnaNS of tM wrrw. or otMr bao~ m~
~ pulully or whOlly upa+ IM Coll~t~r~l. m~y Irom Um~ to Um~ W m~ wrtACwt ~flKtmp tM prov~s~ons ol t~~3 nOt~ Or tM h~bl~tNa of ~eY p~~ty MrllO 8~nk sh~U ~¦auw
~ r~~sonaW~ ur~ ~n tM w~todY ~nd pns~n~uon of tM CWI~LKN snd ahsll p~ dNes~W to Mw ~¦~rt~s~d ~~asrn+~a~ es~~ ux~s wen ~etan Ior ina~ purpow A1at~r
snaU n~wna0fy ~pu~t~ ~n wrn~~p ,but no om~sua+ to comply w~tA ~rty rpu~at ol M~t~r ~1y11 OI ~tNlf p~ d~~m~d ~ f~ilu~~ t0 ~;~~C~s~ rNfW?~D~ G~t~. W~thOUt hm~t~np IM
~ p~Mrahtv ol tM lapanp. tM B~nY sAau Mw no r~spons~bbty fa stt~n~mmp My matuntN~. c~Ils conv~rHOns. 4acha~s. ofl~rs. Nnd~n a rmdar m~tqn rwunp to
~ any ol tM Cdlaqral na 1w ~nfam~np :M u~dM~aq~+~d w+th t„q~[t to ~nY thN~01 B~nk sAs41 rtot W Dound to t~M~ sny U~D~ Mt~asary to WMNV1 ~ny npht~ m tM
p~~dq~a p~opirty +9auut pna pan~~s. ~na M~?~r sn~n tek~ ~N n~c~~ry st~ la wc~ purpos~~ B~nt o~ ~ts nomm~~ n~~d not Coll~ct ~ntNNt a? a pnnup~i ~f ~n~
p1~~d prpp~rty w pn~ ~n~ noLt~ w+th r~~pK~ lo ~t
~ 2 Upoe tM haOpM~~?p of ~rty ol tM IoNOw~np ~vMU. ~~cn of wAKn M~u consutW~ ~ d~bult MrwrW~r. a d tM Co11~t~~~1 ansll st any u~M WCOma u~s~t~stat~ory to
~ Blnk. d d Bptk. iANI ~1 ~py I~RN dNM rtNll ~ns~cw~. ~p Gad4tMa o1 Nch M~kN to Bar~Y. wR~tMr or no~ wb~ncW by tlu~ nou. shaq tnKwDa+ a ~Mraaha. ch~
optan ol B~nt. wnt~aui not+c~ a d~msnd. DKOm~ du~ ~nd p~y~ 1~11~dun oi ~~y OD1~yw to p~~lorm ~ny ~pr~~m~M 1»r~ur~ a io wv ful1. wMn dw. ~ny I.ab~hry
i wf~at~wvtr to B~~k u~ny mst~ltm~nt tAM~ol or ~ntu~sl tM~Wn. (bl tM d~~tA o1 an~ Obl~pM. IN ~M 6hnp ol ~ny p~ut~a+ urWU tM B~Nuuptty Atl.4r iny s+md~r •~r~!
~ o~ ttn~ ~uw~~. by a pse+~~ +ny Ob~~flor. Idl an spp~~uuon ~a tM ~ppa~m~nt ol ~ r~c~nu fo~. tM m~k~np o1 ~ p~r»r~l acs~ynm~nt fa tM b~rw6t ol ~r~ton Dy a tn~
~aWlv~n~Y ol s~y ObkpOr. ths ~ntry ot ~~u6pm~n1 ~p~~n~t ~ny Obl~pot. (II tM ~ssuH?p of ~ny ~n~t~m~n?s or pumshreNm W IM I~I~np O) ~ny INn. ~~nst MY P~OCMY OI
~ anr OD6po~. (pl tf?~ I~k~np ol poss~st~o~ ol eny tu~ft~nt~~l pah ol tM prOp~rty o) ~~y OW~Qa ~1 fh~ ~nst~~c~ of a~y pOV~?nmMt~l autAw~t~. (hl tM d~sW~utan. mu~r.
~ " conwi~Cauon or ~~ap~mi~~~on ot sny ODl~por. (~1 m~ d~urnun~tan M 6~nt tna ~ m~~~+u~ ad~rs~~. cn•np~ nas occurr~a ~n in~ hnuu~al cond«an of a?r Ob6po. ham ~M
~ ~
* COOd~1Wns N1 tOrth ~n lM mof! rK~~l (~r,~~C~sl st~t~m~Ot Of futA ODhQW AN~t01p~ furn~snM ~o B~nk or from ~M conddon ot wch OD1pa as Mr~lolo~~ most ~~~c~ntty
s Oi~cloNd to 8anl in My m~nn~r. o~ Ih~1 ~ny wanMry. rpr~nutwn. undiut~ or ~ut~rrNnt of ~~y ODbQo~ Iwn~~M~ con~unW u+ uua noc~ a no~! Wn~~np ~o or ~n
~ ~ conn~crwn Nm~ ~~~s noN a tn~ b~n w~d~nc~d by i1u~ nou not aw. Q) ~w~pr+m~ni br ~n~ M~?~r o~ ~nY ~ou~ir u+ ~n~ ol tM pway~d CWI~~Kd w~thout ~M w~~n~n
~ [ons~~t o~ B~nk: (kl (~dur• to 40 ~lt tM~ps McN~~ry 1o prfNM ~~d miMls~n tM v~lw ~n0 C01i~CUD~Lty of dU Cd1~tu~1. ~nClud~nq. but nut umrt~d
o to. ~A~ p~Ym~nt ol tu~~ •nd D~~mwms on pol~c~~s of ~nwr~nt~ on tM 0u~ Mt~ wrttwW Wn~ht ot tM pr~c~ p~nod
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o TNE PROVISIONS ON THE REVEHSE SIUE ARE A PART OF THIS NOTE
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` ~ ~,q', 23 A}:~ ; CUSTOM HOMES OF PORT S UCIE, INC. iSEAl)
~ a Address or a orpota o
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~ J flt' , . Dl. • ISEAL)
s eona e y, Pres ent
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