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HomeMy WebLinkAbout1970 t + , SIMPIE INTEREST ~~Ei~C~ PROlNISSOAY NOTE PROPERTY RELATEO S l7, 410.08 _ _ _ _ January S ^ ~g 90 Fa va~ue rece~ved. the undersgned (whether one a more hereinaRer called "Maker°). jo+nHy and severaly. pro~rses to paY to ine order SunBank/TieasuLe GoasG..Nationa~ A4sociacion (which, together vr~th tnu?~ oF s,wp subsequent hokiers ot tMs note, are relerred !o as "Bank'~ at As oMice at Ft . Pie rcQ__ FOOrida, the pr;ncipal sum oi ____Sev_entee_n_ thousand four hundred ten and 08/100--------ppp~s (s 17.410.08 ~ w~th interest Irom the date hereol at tF?e rale of _l l.50 ^y. ~ e~m on the full srtw~nt ol said prir?cipal surrt remair?inQ from ~~me ~o t~me unpaid. payabra in 60 monttry insta~Iments ot: 382.89 e~ 4th ~y o~ exh wccessive month cpmrnencing pn Februarv 4 , tg 90 . The Maker proewses to pay Ia1e charges nol to exceed 5°b of lhe amount ol anY paymenl a payments in de(ault. M payments made hereurider shad be pedAed first lo interest and 18wful Charges then aaxued and the remainer to principal. Maker has the rght to prepay this note, in whole or in part, without penaky et nny Mr~e upon tl~e pay?nent ol acaued and past due ~nterest and charges to date ot prepayment ph?s a service tee in Me emount of the lesse? of 550.00 a 2 percem ot the prn~eipal amounl of th~s ban IAmount FinanCed), provided, however, that eny pettial prepeyrnenl d princtipel st?aA be epplied lo the ~rtstapment « installrt~enls ol pnricipyl last maturinq hereunder. The amcwnts rel~rred !o abave have been compided upon the assumption thal aN instalknenl payments will be made on the respective schedu~ed due dates. INerest actnies on the unpeid outstanding pr"nCipal balence. H gny i~StaNment is nof paid in tufl o~ the Aue date, Maker w~N be obtgated !o pay suG~ ad~tiona! amamts as may becpne payable by reason of tha contirwing accrual of inle{esl al the rate designaled above. My resuMing Charges t~ccruirg pn atcou?1 01 (ailure b make tirnely payrt~eM on the due daies wiN cause mcreasc5 m sorne d the amouMS designated above. My instal~¢nt peyrt~t+nt made prior b am due date a dales, a arryr prpaymrnt, ~n.iy causn deue~ses in some of ttie amounts designated above lor the reason Mdl ~he unpdid outstanding pri~ppel balarx~e wip t~ recfi~cetl anci Ihe mteresl rale des~g~aled above is a~plied !o stN~i reduced outstanding baianCe fo determirfe fhe amount of inferesf that is cfue. 11 Eiank deems ~tseU insecure, or upon the happening ot any pt the IoNowirg events, each ot whicfi shaN constftule a de(aup herrunder, a!I G~tvbties oi each Maker to Dartk Shail the~euppn or thergafler, et the option of Bank, without notice a demand, becane due and payabfe: (a? ~alfure o~ any Obligor (which term shaB mean and inckide each Maker, endorser, stxety arid guaranta o1 this nolel to pertom~ arryt provision oi any securrty agreemenl pr morigage securing the nepayrt~ent hereot, fo pay interesl hereon when due. w?o pay any other !~ab+1'ty whatsoever lo Bank when due: (b) the death of any Obtigcx: (c) the fiiirg d amr petition under the Bankruptcy Code. a arry surnla~ tederai a state statute by a against arry Obligor, (cn an appGCation lo? !t?e appointrnent ot a neceiver a the ma~rrrg o~ a genera! assgnmenl la the beriefit d aeditas by, or the insoNency ot, any Obtigor; (e) the entry d a judgment agai~sl any Obtgor; (1) lhe issueng ot any wr~t of attact~ment or writ of garnislxnent, or the fili~g ad ary lien, against any property of any Opfiyor: (g) the t~king o1 ppssess,on ot any substaMiat part pf [he prpperty d any Ob1ga at the 'a?siance ol arry goverrxnentel authori.y: 1h) ~he d~ssdutbn. merger. consolKlalion or reorganization W any Obligor; or (i) the assignmenl by any Make? ol any equ~tY in the re~l proper~y wh~th i5 secunty lot Ih~s note, extepl as is permitted under tfie termS o( the mo~tgage, without the prior written tonsent of 8a~k In additron lo the mortgage secunng this ban. Maker hereby grants 1o Bank a secunty interest m all propeily pf Maker npw pr at any hme hercatler in the possession of Bank in any capat.tiry whalsoeve+, includirg but nW Gmited to, any balance a share ol any depoGt, trust. a agent accounl, as securiry ta the paymenl ot ~s note, and a saniWr Gen upon and security interest in al1 wch prciperty ot eacA Maker as secunty lor fhe paymeM ot ail other habi4t~es ot each Maker to Bank (incbding aN liabititties o! each Adaker). 7he Obigas. jointty and seve~aly, promise and agree 1o pay aA costs and expenses of collectio~ and reaso~aWe atlorneys' I~es, whethF±. encurred m connecla~ with collettqn, trial, appeal or otherwi5e. Presentment. demand. protest. nolice oi dislana. and extension o1 tirne withoui not~ce are hereby waived by each and every Obl~qot- Make~ acknowledges rece~pl ot a wn~teted copy of this note and rtangage on the above date. NOTICE TO COSlGNER: You are be~~ asked to guarantee this debl. Think caretuly before you do. tf the borrower doesnt pay the debt, you will have to- Be sure you can aflad tq pay i~ you have to and that you want to actept fhis respons~bihty. Yrw may have to p3y up lo the 1~I1 amOUM of the debl if the bOrrower dpes not pay. You may also have fo pay lale fees or cotlectipn cpsts, which increase ttvs artwunt. The Bank can collect this debt Irpm ypu with0ul first trying lo CdteCt hom the borrowec The C3ank Cen use !he same cottecta~ mett~orls agaenst you that can be used egainst the barower, such as suing you, garnishing your wages, etc. t1 this debt is erer i~ defauM, that tact may becorne a part ol o~ur aedit record. This not~ce is nol the conlrect lhat makes you bable for the deb!- I701 Valencfa Ave. ~~y~~s~ ADDRESS SIGNATU E Terry R. Hiller Ft. Pierce, Fla. 34946 ~ - L - ,,Lu 1~c ti t ~ ( E ADDRESS SfGNATUiiE . Evelyn V. Miller Doc. Stamps in the amount of 26.25 affixed [o mor[gage. _ - SOM and under - rmnballoon ~N J~ 2/~ P 3•UG ~ - ST~TE FLCJRIDA, ~ 10z1183r g DdCUM~lJ7ARY..-:.,~.; STAMP TAX f ~ ~0~~,; XQh . Of.Pr nt RFYENUF.;;s~ ,~5:~---- • : ~ r = _ S1. _ :;r 1,, _ ~,~~=•~Q~, 2 6. 2 ~ ~ ~ , : _ - - - _ ` nn;r;ir~At - Rank Ge{•y YELLOYI - Custorner PIhK - fde ~.,,K , e0G~U7~ ~ACE~97O _ _ , . . ~ ,.r ~~x_