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Home My WebLink About0293 SIMPIE INTEREST ~ PROMISSORY NOTE PROPERTY RELATED a 1 S~ 244 _ 94 i~n ~a ry 24 19 qS2_____ For value received, the undersigned (whether one or more hereinafter called "Maker"), jCintly and severally, promises to pay tO the Ordef _Sun Rank1TrP~c~?rp (:naQr ~ Narinnal As~ncia ion (whiCtl, together rnrith (NAME OF B~tNlQ . subsequent holders of this note, are referred to es "Bank'~ et itS QfliC9 et Fnrt Pt erce Fbrida, th9 priflCip81 SUf11 Ol Fi f tPPn Thrn~Qanri _T~n H~~nr~rari Fnrtv Frnir anri 94~ 1 n0------- pp~~g~ (s~ ~244 _ 94 ) with inte~est from the date hereof at the rate ot l? 546 % per annum on the 1u11 amount of said principal sum remaining trom time to time unpaid, payable in ~ ~n monthly installments ot S 2?~.5~+ each on the _ 2'~rd day oi each successive month commencing on Fehruar~ , 19911__. The Maker promises to pay late charges not to exceed 59'0 ot the amount ot any payment or payments in default. All payments made hereunder shall be credited first to interest and lawtul charges then accrued and the remainer to principal. Maker has the right to prepay this note, in whole or in part, without penalty at any time upon the payment of accrued and past due interest and charges to date of prepayment plus a service fee in the amount of the lesser of 550.00 or 2 percent oi the principal amount of this ban (Amount Financed), provided, however, that any partial prepayment oi principal shal! be applied to the installment or installments ot principal last maturing hereunder. The amounts referred to above have been computed upon the assumption that all instellrrtent payments will be made on the respective scheduled due dates. Interest accrues on the unpaid outstanding principal balance. Ii any installment is not paid in full on the due date, Maker will be obligated to pay such edditional amounts as may become payable by reason of the oon6nuing accrual of interest at the rate designated above. My resulting charges accruing on account of tailure to make Gmely payment on the due dates will c8use increases in some oi the amounts designated above. Any installment payment made prior to any due date or dates, or any • prepayment, may cause decreases in some of the amounts designated above tor the reason that the unpaid outstanding principal bafanCe wiR ~~d~l~(! ant! the interest rats ~+~s~±~si~i 3~^.:~ iS ai!2!:!ux~ !n clerh tat!::rart rv:lal~rarlinri halar~ a:~ :!aln~.~t.~.ti s:~ .:~_.._e .....v=s...,s==:~ s.v_:z::r :v as~:v:::::: : v : :.::.-v::::: - ~ - ' - ~ - - -rr"-- - of interest that is due. ti Bank deems itself insecure, or upon the happening of any of the fo(lowing events, each of which st~all constitute a default hereunder, all liabilities of each Malcer to Bank shall thereupon or thereaiter, at the option oi Bank, without notice or demand, become due and payable: (a) tailure of any Obligor (which term shall mean and include each Maker, endarser, surety and guarantor of this note) to periorm any provision oi any security agreement or mortgage securing the repayment hereoi, to pay interest hereon when due, or to pay any other liability whatsoever to Bank when due; (b) the death of any Qbligor; (c) the tiling of any petition under the Bankruptcy Code, or any similar federal or state statute by or against any Qbligor, (d) an application tor the appointment of e receiver or the making oi a general assignment for the benefit oi c~editors by, or the insolvency oi, any Obligor; (e) the entry ot a judgment against any Obligor; (t~ the issuing ot any writ ot attachment or writ of garnishment, or the flling of any lien, aga9nst any property of any Obligor; (g) the taking ot possession of any substantial part of the property of any Obligor at the instance of any governmental ' authority; (h) the dissolution, merger, consolidation or reorganization ot any Obligor; or (i) the assignment by any Maker of any equi in the real which is securi for this note, exce t as is ty ; P~'oPertY tY p permitted under the terms o1 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 alI property of Maker now or ' at any time hereafter in the possession o( Bank in any capaaty whatsoever, including but not limited to, any balance or share of any ; deposit, trust, or agent account, as security tor the payment of this note, and a similar lien uFon and security interest in all such ; property oi each Maker as security tor the payment of atl other liabilities oi each Maker to Bank (including all liabilities of each Maker). The Obligors, jointly and severally, promise and agree to pay all costs and expenses ot CollecGon and reasonable attorneys' tees, whether incurred in connection with collection, trial, appeal or otherwise. ~ Presentmenl, demand, protest, notice oi dishonor, and extension of time without notice are hereby waived by each and every ~ Obligor. ; Maker acknowledges receipt of a comp{eted copy of this note and mortgage on the above date. 6 ~ NOTICE TO COSIGNER: You are being asked to guarantee this debt. Think carefully before you do. It the ! borrower dcesnt pay the debt, you will have to. Be sure you can aHord to pay if you have to and that you want to accept this responsibility. s ~ You may have to pay up to the full amount of the debt if the borrower does not pay. You may also have to ~ pay late fees or collection costs, which increase this amount. ~ ~ The Bank can collect this debt irom you without first trying to coilect from 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. Ii this debt is ever in deiault, that fact may become a part of ~ credit record. ~ This notice is not the contract that makes you liable (or the debt. ~ '94 JAIV 26 P 2:? ~ ~ ~ 413 SE White~ore Drive 1021 ?6 8 3~ ~e ~ ADDRESS ~ ; , ~ ~ ~ ' SIGN URE ~ ~f!1~(;i ; ; J~ . . Port St Lucie FI 34984 ~ ADDRESS ~/SIGNATURE 50M and under - nonballoan. 1 - ~ : j.~ f- .r- . . j ~ I~ . ilY~~~1\••h\.~ • ~ 7~•~~ . ' p . . \ C Y:!: . • . ~ ~ doc stamps in amount of 22.95 affixed to mortgage _ • . - . . . . A001I U75 P1tCE 2~ ORIGINAL - Bank ~opy YELLOW - Customer PINK - Flle s-otsa~ooo-e a.v. t.~ee ~ .~s: _ _ ~~S