HomeMy WebLinkAbout1369 Riva~side National B~nk Note Number -
ON TMIS ~6th _ pAY OF JANUARY ~g 90 FOR VA~UE RECEIVEO. TNE UNDERSIGNEO
here~naher eslled '~Meke~" w~thout rsp~rd to numb~r or p~nd~r. ~o~ntly •nd ~~ver~lly PROMISE TO PAY TO THE OROER OF
AIVERSIDE NATIONAL BANK OF FLORIDA 2211 Okeechobee Rd. Ft. Pisrce, FL. 33450
hare~netter celled "Bsnk
FOUR THOUSAND 6 NO/100
THE PRINCIPAL SUM OF OOLLARS
IN THIRTY FIVE PRINCIPAL AND INTEREST PAYMENTS OF s134.20 BEGINNING MARCH 1, 1990
PAYABLE WITH ONE FINAL PAYMENT OF PRINCIPAL AND ACCRUED INTEREST DUE FEBRUARY 1, 1993.
Interest thereon shalt eccrue from ths d~te of fundinp, comput~d on th~ bes~s of s 365 dey ysar, et ths ANNUAI PERCENTAuE
RATEOF _ T~'~ELVE AND SEVEN TENTHS PERCENT (12.7~)
tNTERESTSNAILBEPAYABLE Monthly beginning March 1, 1990.
411 paymsnts sh~ll b~ ~pplisd tint to ~ccrusd intsr~~t ~nd tMn to princip~l. Inters~t will accrus at the rate o! 1/3a5th oi ~nnuel inta~ sst
for each dey that principal is oubt~ndin~, but in ~o ~v~nt sl»II intsn~t b~ du~ st e rats ~n ezcess o~ ths ri~h~it lawful rets. Witt+out
limrtmg the gensrslicy of the for~~o~np. •nd nothwithstsndin~ •ny or~t o~ written agrsament. no deposit of (unds shall bs requirs~~ ~n
connect~on with this loen in an emount wh~ch wiil, when deducted trom ths principsl amount outsterxlin~ h~reundsr, c~use the ret~ oi
mterest hereunder to exceed ths maximum Iswful rst~.
I( any peymen[ is not mede ~n full when dus. tAs entin unpaid pnnc~pa! and eccrued ~ncerest. less sny unaam~d intsrs~t snd sny
~nterest ~n excess of the msz~mum allowad by I~w ~nd ~ny rsbsts~ r~qrulrsd by lew. shall et the option ot the ~?oldar b~com~ immediately
due and payable without not~ce. Failurs to sxerciss ths option sh~ll not constituts • we~ver of the subsequent npht to sxsrcise such
opt~on AFTER MATURITY. INTEREST SHAIL ACCRUE ON TNE DELIN~UENT PRiNCIPAL BALANCE AT THE HIGHEST LAW~UL
RATE Of INTEREST OR. IF NO MAXIMUM RATE IS PRESCRIBEO BY LAW. AT 1896 PER AIVNUM.
As secur~ty lor the payment oi th~s not~. ~nd ~ny nnew~l~. ~xtsn~ions or mod~ficat~ons thereot, and any othsr liabilitiss of the Maker
to tha Benk. however or whsnevsr cre~tsd. M~k~r Mnby annts to the 8ank • sscunty intsrsst in:
MORTGAGED DATED JANUARY 26, 1990 ENCUMBERING THE FOLLOWING DESCRIBED PROPERTY:
THE SOUTH 150 FEET OF THE NORTH 1056.85 FEET, MEASURED AT RIGHT ANGLES, OF THE
EASTERLY 290 FEET OF WESTERLY 315 FEET OF THE I30RTHEAST 1/4 OF THE NORTHEAST 1/4
OF SECTION 20, TOWNSHIP 35 SOUTH, RANGE 40 EAST, LYING AND BEING IN ST. LUCIE
I COUNTY, FLORIDA, CONTAINING 0.999 ACRES, MORE OR LESS.
Wh~~ner or not specd~c propeny ~f descnD~d a~ov •s ~dG4~on~1 ~~cunty to~ tM P~ymsnt o1 tA~i Nol~. ~ny ronsw~ls •~tensans or rnodihutwns tMr~pf. ~nd any otMr
habdrt~es of M~~~r to B~n? hpw~v~r O~ wD~Mv~r Cr~at~d M~k~~ h~r~Dy pl~~ to 8~e~k ~ny ~nd ~II prop~Ay ol M~k~r now or h~r~~ha dNn~~~d to O~ Nh ~n or com~np
mto tM poas~sswn conuol pr cwtodv ol 8~nk. wh~tMr ~apr~~sly ~s toll~t~r~l s~cunty or Ior ~ny olA~r pu~pose ::nciudmp c~an. stxk ~nd otMr dmd~nd~. and NI rphts to
subscnD~ lor secu~~ues ~nc~d~m ro d~cl~reA or prantW ~n conn~chon wan wcA p~~„Y). ~nd propsrty dssu~b~d m colla[eral rK~~ptf or olMr doCUm~nt~ siqnW Or
furn~sA~d by tM Maka and ~ny ~nd ~II reD~~C~m~nH Of ~ny OI tD~ IpaQpnp. wlNlhN Ot npt in th~ poss~ss~o~ ol Bs~k Ali fucA p~op~Kr ~nd ~ny otMr propirty sKUrN?p
M~kK's haD~bhss to tne Bank wdl hers~her pa r~fsrrb to p'th~ Collatsnl ' TM Coll~t~r~l aico pteApW ~s ascunt~ for ~II p~h~r I~~b:hb~t (W~m~ry. s~condary. d~nct
conunyent sols io~m or sevs~all due o~ ro be~om~ Aue o~ wn~~h m~y b~ h~n~hu contr~ct~d or sc~w~~d of sacR Met~r IinduAmp s~th M~k~~ ~na ~ny oMlr p~rsoo) ~O
8~nk wnstne~ such 6aD~DUSS ~ns~ m ths o~dmsry cours~ 01 bufm~as or not R~gM nar~bY ~¦p~~ssly~~s~uG to the B~nk ~t its ootion to tr~nsl~r ~t any bm~ to ns~l` or to
I ~ts nom~n~e any Co1l~ter~I •nd to ~ecew~ the ~ncom~ tne~~on ~nd ~oiG tM f~m~ ~s s~cunty Aer~for or piy on ~na u~~~c~val u. ~nterest dw h~rw~ or due on any I~eb~l~ty
i sscu~~d nersby Tns B~nk m~y to~t~nus to hold sny o~adQsd prop~rty d~ppi~t~d A~~s~nd~r r ~h msnt o~ tn~s note ~f at the hm~ ol th~ p~ym~nt and d~scharpi
~~ieof any ol ths pan~ss I~~DIs tor t~s D+Yment hsrsol sh~ll p~ thtn d~r~~~1y or cont~n9ently ~b!e t~e n? as m~ker en~rser wrsty or pusr~ntor o( sny otA~r npte.
' dr~h bdi ol euMnqs or otMr ~nstrum~nt. or otnsrw~s~ ~nd tM 8~nt m~y tner~~her ~~~rass ~phis w~t espe~~ !n sa~A pledged D~oWrty pr~ntW Mrem svan thouph
! th~s nots shNl nsv~ b~an surrend~r~d to ~A• Mek~r
f
; h~s ~o~ntty and seve~~lly cove~ented end eg+ned wrt~ tns B~nk by e~cn M~k~ryp~rsar suretv gus~sn~o~ anA other p~rty to iNS not~ i~ll ol whom ~r~ Mre~nsfcu lor
r D~evity t~U~ Obl~por or OW+gorsl t~at
i
~
t
~ 1 Addmons ~o. nfeeses. rWuct~ons or e:cn~npss o! or ~ubsuwuon~ for t~~ Co!lataal. p~yrr»nt~ on ~ttoun: of th~s ~oa~ or ~nu~~ps of tM sam~. or otMr losns msd~
D~rtially w wAWly upoe tM Go~lata~~l. m~y (rom tim~ to bm~ D~ m~de wilAout ~HKhnp tAS piov~aons o~ ~A~s not~ or t~e IuWbt~~s of ~ny party Mr~to B~nk sn~17 ~¦~rus~
% n~sona~l~ ur~ m tA~ CWtodY W~s1~vU~on Of I1N Coll~t~~~l ~nd ~A~II p~ ~m~d t0 A~W ~~HGS~C rsawn~bl~ cai~ ~f rt tak~s sueA setron (or tMt purpos~ ss M~kor
sMll rs~son~bty rpu~st m wnUng but no om~ff~on to cornply w,1h ~ny rpu~st of Mak~r sA~110l ,tpll W dNm~d ~ I~duro ta ~aer~~~ r~~spnaW~ qr~ WitAout hm~bn9 t1?~
~ Q~Mr~lrty of th~ IOr~~p~n0. Ih~ 8ank in~ll A~v~ n0 ~~ipon7~bAty (Or ~~CMI~~mnO ~ny rtylunti~t. C~IIi conv~rs~ons. uch~np~s. aM~rs. t~~n or um~.u m~n~rs r~la:~np to
~ any ot the Co1lat~rN nw lor ~nfo~m~ng ;hr unOsr~~pns6 antA r~~~ct ~a ~ny thsr~of B~nk sh~ll ~ot b~ bound to tsks ~ny s~sps nsc~ssary to D~~s~rw snY ~~ph~s ~n ttw
~ D~~dy~d prop~rty ap~mst prror part~es and M~?sr sn~:1 uk~ atl n~c~a~~ry sups for wcA purpos~i B~nk o~ ~ts nom~n~~ ns~d not coll~tt ~nf~r~~l on a pnrx~pa ~l any
€f p~~dpa! property o~ ~rv~ •ny not~c~ w~th r~ypKt ta ~t
(
f 2 Upon tMS h~pp~mn9 of ~ny ol tA~ lotlow~np ~vsnts •~cn of wn~cn ~h~i1 co~euwt~ s d~lault h~r~unda_ or d tM Coll~tsrN sMN at ~ny brrN D~corrM unsaLS4aory to
B~nk. a d B~nY sh~ll ~t ~ny t~rtN dNm rts~lf ~nsscura. ~If I~ab6t~ss of ~~cA M~k~~ to 8~nk. wA~tA~r o~ not ~v~dencW Dy tMS not~. sAail tMr~upon or 1M~~~hK. at tM
~ optqn o1 8ank, w~thout rqtit~ or d~m~nd b~com~ d~e ~nd D~Y~eN ~~~~ur~ ot ~ny Oblpor Io p~AOrm ~ny ~pr~emsnt M~eu~ds~ or ~o p~y ~n lull. wMn du~. ~n~ I~ab~hty
~ wAatswva to Bsnt or ~ny mit~llm~nt tMrsot o~ ~nterast tMrwn. Ib) tM d~~th of ~ny Oblipa. (tl ~M hlmy ol ~ny p~t~uo~ und~r tA~ BantruDtcY Act. a~ny s~mibr •~nf
a sut~ su~ut~. Dy a painst ~ny Obngor ldl an ~pp~~cat~on lor tM ~ppanrt»nt o1 ~ nc~n~r fp the m~k~np o1 s p~nsr~l ass~9nment Iw tM b~nsht o~ -~Wrton by w tM
e mfohr~~ey ot ~ny Obl~pa. U+~ ~ntry ol a ~udgmen~ a9~inst ~rty Ob1~pa. (t) tAe rssu~n~ ol any ~n~e~m~ms or yun~shment or tM (d~np of sny I»n. ap~mft anY p~o~Mty ol
~ ~n~ Od~Qor. Igl tM uknp of poss~ss~on ol ~ny suDsanUN paA of tn~ prpp~~ty ol ~eY OOlroa ~i th~ msunu of sny powrnm~nql authonty, (h? tM d~ssoludon. r?~rp~r,
~ z consol~dat~on o. r~org~nu~~~o~ o! any ODbgor 14 tM d~tum~n~tan CY 8~nk lA~t ~ m~t~n~l ~dv~rq [Mnp~ h~s occurred th~ hn~nu~l cond~tan ol ~oy ODI~Qoi fr.~m tf+~
~ o cond~t~ons set lorth ~n ~he mos~ rsC~M hcdnC~~! sutsm~nt ol such Obl~por M+~tofp~ furm~Md to 8~nk o~ f~om ~~e condrtron ol suth ODl~por ~s Mt~tofo~~ mos~ nK~ntly
~ d~febs~d to B~n! m~ny m~nn~r or tnat ~ny wsn~nty. r1D+~Mnl~lron. C~rlileC~~~ W/1l4m~nl Of ~ny ODI~QOt Iwh~th~r eo~uin~d m tMS not~ or notl p~rt~~n~np to or ~n
- COnMCt+Wi w~tA th~s nOt~ or tns ~o~n ~v~ds~c~d by tn~~ not~ u not trw. 1~) aarp++m~~t by ~ny M~t~r ol any saw~y in ~ny ol th~ pJ~dpM Coll~tar~I witAOUt tM wntt~n
cons~nt ol @~nk. Ik! f~~tw• to do •u ~h~n9~ n~c~~~~ry to p~~Nn~ ~nd ma~ntun th~ vNw ~nd coH~cub~6ty ol th• Collataal. mclud~np. Dut nut imrtsd
lo tAb D~Vment O~ Ia¦1f ~~d D~em~ums o~ pO1~U~~ Of m~w~nC• On tA~ dW d~q withOUl W~~ht OI Ih~ flr~ce p~nod
~
~ THE PROVtSIONS ON THE REVEfiSE SIDE ARE A PART OF THl5 NOTE
2
` WOMAN'S CLUB OF FORT PIERCE, FLQRIDA
~ ! "yQ ,~~j1) 30 P 1;(~j a non-profit corporation
~ Address ~ ~ ~ 3 ~ ~ BY:
RUTH A. SASS RESIDEPTT ISEAI)
~ ~ rlLt: i<~::.. -
~ _ nnUG~ ti ~+x:_~h~ - ,
~ _ - - - - ---5-~--;-- , , ~ (SEAI)
' ICE RUBAKER, TREASU
~
(SEAL)
BET NAK, RECORBING SECRETARY
P~,~, 6opK 675 P;,c~ 1369
: ~ _ ~