HomeMy WebLinkAbout2340 Riversi6s National 8~nk Note IVumber -
ON TNIS 26th pAY OF JANUARY _ j9 _ 90 FOR VA~UE RECEIVEO. THE UNDERSIGNED
here~neher celled ' Make~" without rspa~d to numb~r or p~ndsr. ~ointly •~d sevsrally PROMISE TO PAY TO THE ORDER OF
HiVERS10E NATIONJAL SAT.iK O~ FLORIDA 2211 Okeechobse Rd. ft. Pierc~. FL. 33450
here~nefter cel~ed ~~Benk "
THEPR:NCIPALSUM Of SIXTY TWO THOUSAND S NO/100 DOLtARS
In Fifty Nine principal and interest payments of ~1,376.03 beginning March 1,
PAYABL~ 1990 with one final payment of principal and accrued interest due February 1,_ 1935.
Incerest thereon shell eccrue irom t~e dete of fund~np. computsd on tA~ ba~is of e 365 day year, at the ANNUAL PERCENTA3E
RATEOF ELEVEN AND NINE TENTHS PERCENT (11.9Z) _
i i t ~:lR
INTEREST SHAllBE PAYABLE ~on:.niy D~b'1(Uililb' iidccn i, 177V. _ _
All peyments shall be sDP~~~ ~irst to ~ccru~d intsre~t ~nd th~n to principsl. Intersst will sccrus at the rat~ of 1/385th ot annuel inte~~e~t
(or eech dey thet principal is aut~t~ndinp, but in no av~nt sh~ll inter~st bs due et a rete ~n excsss oi the hiyhest lawlul rsts. Without
t~m~ting the generality ot the torsfloi~g. ~nd nothwithttandinp ~ny or~l or written agreement. no dsposit of iunds shall bs rsquire~i in
connec~~on with this loen m en amount which wilf. whsn dsductsd irom ths pr~ncipel amount outstand+np hsreundsr. causs the rst~~ oi
~nterast he?eundar to exceed the mezimum Iswful rste.
Ii any payment is not mede ~n full when due. the sntir~ unpeid pnncipal end accrued interest, less sny unesrned intsrsst and eny
~nterest ~n excess of the msx~mum sllowsd by lsw and ~ny rsbetes rsquired by lew. sha~l at the option ot ths holder bacom~ immsdiataly ,
due and payable without not~ca. Failure to sxsrc~ss ths option ahell not const~tute s wa~ver ot ths subssqusnt ri9ht to exsrcise such
opt~on AFTER MATURITY. INTEREST SHALL ACCRUE ON THE DEI~N~UENT PRINCIPAL BALANCE AT THE HIGHEST LAW~UI
RATE OF INTEREST OR, !F NO MAXIMUM RATE IS PRESCRIBED BY LAW. AT 1896 PER ANNUM.
As secunty tor the payment of this nots. ~nd ~ny r~nsw~ls. extsntions or mod~t~cst~ons theraof, and eny othsr liabilitiee of the Maker
co the Benk. howsver or whenever creatM. Msk~r Mnby qrents to t~e Bank e security mtersst in:
MQRTGAGE DATED JANUARY 26, 1990 ENCUMBERING THE FOLLOWING DESCRIBED PROPERTY:
Lots 14, 15, 16, 17 and 18, Block 53, Lots 16, 17, 18, 19, 20, 21, 22, 23, 24, 2~, ~b,
27, 28, 29, 30, 31, 32, 33, 34 and 35, Block 54, Lots 6, 7, 8, 9, 10, 11, 12, 13, 14,
15, 16, 17, 18, 19 and 20, Block ~5, and vacant Mohawk Avenue and vacated Seneca
Avenue as recorded on the Plat of SAN LUCIE PLAZA UNIT ONE, in Plat Book S, Page 57,
of the Public Records of St. Lucie County, Florida.
WA~tMr or not spauhc props~y ~a Os~cr~b~d ~bore n ~dddWMt Ntunty ~p tM p~ym~nl ol tMs Not1. any ror.eweis aatsns~onf O~ modd~CitqM [Mrpl. and ~ny oih~r
I~abf~hes o~ Mst~r to Bank now~vu ar wMn~ra cr~aad. M~k~r hK~by d~dp~~ 10 8~nk ~ny ~r+d ~11 p~oparty ol M~k~~ now o~ Mr~~he~ dNrvu~d to or leh ~n or com~ny
~nto th~ poss~ftron co~t~ol w wstody of 8snk wMIMr ~ap~ssdy u cotl~taN sKUnty O~ for !ny otMr DuiDOSO ':ncludmp usn. stock u+d otAu dnd~nds. and all npht~ to
z~bunbe lo~ secur~hss ~nud~nt to d~cl~rsd or y~~ntW ~n co~n~cuon w~tn wch prop~nyl. ~nd proporty d~su~bsd ~n tolla[~~~1 ~~ts~D~s a otMr dotum~nts s~pnsd w
IurmsMd by tM M~YSr ~nd ~ny ~nG s0 rsplaum~nts ol ~nV ot M~ fa~panp. wMtMr or nol ~n th~ poss~sswn o1 Bank A~I such prop~rty ~nd ~nY otMr prop~rt~r s~cunnq
M~t~r's ~~~b~l+t~es to tAe 8~~k w~ll he~~~hs~ D~ +~fsrnd ro aa ' tn~ Coil~ur~1 ' TM Cou~ur~1 ~s ~~w p~sdp~d s~cw~cr lo~ au oth~• I~~WIitNS (pnm~ry. s~conduy. d~r~ct
conhnflem sole ~o~n~ or ssvarol! due o~ to Detoma Aw o~ wR~ch m~~ b~ n~~~shu contr~tt~d or acqwrsd ol aaM Maksr I~nCIuA~ng elth M~l~t ~nd ~nY OIAs~ p~ry2ni 10
Bsnk wnatne~ sucn b~b~lmss snse tns ordmary cours~ o~ bus~ne~~ or not R~AM ner y~¦p~essly yrsmed to ~h~ Oank at ns oo~~o~ to tr~nslsr ~t any um~ ta ~ts~N o~ to
' rts nom~Me any CoU~ta~l •nd to rxe~w tne mcom~ tna~son ~nd hold tM f~m~'~sa`unt r~lor or ~D~~r o~ ~~Q u~~^~~o+~ W~^~erest Ous Mr~on or dus on ~ny 6aMl~ry
~ sxur~d ne~ebY The Bank m~y contmue ~o no~d any oiedped prop~rtv dspos~l~d ~vwr~ ~her fAs paymsm o~ ~h~s note ~t at ths hms ol tM p~ym~m and d~sc'+a:qs
I narool ~ny ol the p~rt~ss lieble br the v~rmem hersuf shw W tne~ O~r~cti~ cont~npantlv b bie ~o ~ne 8m~ as ma?e~ en4orser wroty or pwrsntor ol any otMr note.
! d~~h bJ1 0l e~ch~nge Or otMr ~nftrum~nt Or olhs~w~f~ end tM B~nk rty Ihar t;er si~rG3e t e nphts wdh reSDert m sa~A ptedged v~~~Y G~~^~~d hare~n evsn thouph
th~s noro sh~ii n~v b~s~ surrondersd to tns Msk~r ~
It ~s ~o~~tN ~nA se~er~lly cove~e~ted enG egroeA w~th ths Bs~k.~y e~ch MsMar. •ndorser sur~ty u~ranroi and oUe~ party to th~s not~ UII o1 whom aro ~ers~nah~r lor
DrM•,~y ~~Ilsd ODIiQor or ~bligors) Ih~t ~
~
1 Addmons to. rebeses. .sductw~s or e¦chan8~s of_ Ar subsptouons for IM Collst~r~! plyrn~n[s oM.accouni of tn+s ~osn o~ ~ncr~~ws of tM sam~ or Othu lo~ns msd~
plrtN11Y Or wholly upon ~M CO~~~t~rel. m~y fr6m Lm~ to
iiR'i~ DA m~de wql~0ut ~M~CUnO Ihe provif~ons 01 Ihit nOt! Or the babJ~tNS of ~ny puty Mr~to Bank sh~il i¦srus~
~ ~eewnsOb car~ ~n tA~ cultodY ~~d W~s~rv~t~on of th~ ~oll~t~~~l ~nd sh~ll p~ d~~mW to Mv~ ~~~rc~sad rs~sonabl~ car~ ~f ~t t~k~s suth ~ct~on !w thlt purpos~ s~ M~k~r
snall re~sonab!y ~pu~st ~n wnunq Dua no om~ss~on to curnp~y wnh ~ny reqwH o~ M~k~r ~h~ll ol ~tsN1 b~ de~m~d ~ f~dwe to s~src~s~ rsaaona0l~ un WdMut hm~bny tM
i generslrty al ths (a~go~n6. tM 8ank sMII h~vs no r~spona~O~hty lor astM~~~mp iny mstunt~~s, c~US conversio~s yich~n9es. oH~rs, t~nd~rs a um~~u m~nas nl~Ung to
d sny of the Callat~ral nor fo. ~~~orm~np :ns und~rf~gn~d rv~th ~~~p~cf to any tA~r~o! B~nk shall not M ~ound to ~~ke any steps n~c~sssry to Dr~s~n~ ~ny nphts ~n tM
k el~dqW pop~rty ~p~~nst p+wr part~es snd M~ker sned t~k~ ~II n~cesssry ft~ps (or weA puipoa~s B~nk or ~~s nom~n~e nesd ruu eolleet mt~rql on a pnnap~~ ~1 ~ny
~ pl~dgW Droparty or 9rve •ny not~c• rv~th r~spect to ~t
t
~
2 Upon the h~pp~rnnp ol any ol tA~ fotlow~np ~vsnti •~c~ 01 wh~Ch fh~ll [Onatitu~~ ~ d~l~ul~ ~~r~und~r. o~ ~f th~ Go~i~tsr~i shall ~t ~ny t~m~ Wcon+~ u~sat~~~~c~o*Y to
~ B~nt. w d 8ank. sh~ll at sny time d~am rts~ll ins~CU~~. ~i~bJRi~t ot ~~cA M~k~r to B~nk. wM~Mr or not ev~dencad by th~s nots shall tMr~upa+a cMr~~hr. ~t fM
~ optwn ol Bsnk wrt~<x,t nobc~ or dems~d. D~com~ d~e ~~d p~yabl~ (~1 I~dw~ of ~ny OW~por to palorm ~ny ~Qr~smsnt Aereunder or to p~y ~n lull wMn dw •ny 6~D~hty
~ whttso~vsr to B~nk w~ny ~nsteilmsnt tMrso~ or inte~est tMrWn. (b1 tA~ G~tA of ~nY OOI~pOr. Icl th~ filiny ol ~ny pel~IWn undar tn~ B~nkru0tcy Act. o~ any s~m~l~r'W~nl
~ o~ stst~ st~tut~. by w~yainst ~ny Obl~qo~. {O) an ~ppt•cat~on fo~ tM ~ppanm~nt o~ ~ r~cuv~r (o~ the m~k~ny ol e p~n~r~l sss~g~msnt ~or tM b~nsht ol ~r~dno~s by o~ tM
g ,nsplwncY ol a~y OWiqw. ths ~~~ry of a;utlgment ~p~~nst eny OW~pOt. (n IM ~sswnp ot ~ny ~tt~chmoms o~ p~~n~shment or th~ h6n9 of any b~n. ~ya~nsl ~nY pro~lrty o1
~ anY Ob~~por. !gl tM uk~np o~ Gossess~on oi sny subsu~~~~l part ol t~~ prop~rty o~ ~ny OM:pa st t~e ms~~nc~ 01 any puv~rnm~nt~l aut~ontV. lM d~asolul~o~. r»~p~?.
~ co~sol~dabo~ or .~orpam:snon ol any Obbgor IJ IM d~tamm~tron bY B~nk lh~t ~ m~Nr~~~ ~dv~rar th~nps has occurrsd ~n th~ l~n~nt~~l COnd~tan ol ~ny ODbgo~ }rnm !M
e f
~ condmons se~ fort?+ m the mos~ roce~t hr.~nt~al sNtsm~nt O~ futh ODbppr Mr~tofpr~ fum~~Md IO Bank or lrom tM tondiUOn o~ SutA Oblipo~ ~3 h~r~tOfot~ mos~ rnC~nt~V 1
~ d~scbs~0 to B~nk ~n ~ny msnnu or tnat ~ny w~rc~ncy. r~pnM~utwn. c~rtdicaU or eqt~m~nt ol ~ny Ob4Qor Iwh~th~~ COnU~Md m tn~s nat~ or nol) p~~~~n~np to or ~n !
- conn~ct~on w~t~ t~~s not~ or tne ~o~n ~v~de~c~~ Dy th~s not~ not tru~. ~qpnmMl by !ny M~k~r ol iny squ~ty ~n ~ny Of th~ pl~dp~d Coll~tsr~l wit~oul t~~ •~ntt~~ ~
cons~n~ of Bank. (k{ f~~l~rs to do s~i in~npf n~c~~ury to pr~Nrv• •nd m~mt~~n the v~lu• ~r+d [ofl~tl~D~l+ty o~ t~• Coll~t~r~l. ~nclud~ny. but nu~ ~m~t~d
. !o the psYmsnt ot te¦ss •nd D~em~ums On pphCi~~ Of m~u:~nG! On lh~ du• d~l• wilAOUt b~n~lrt 01 Ih! Qr~te pt~~Od ~
7HE PROV~SIONS ON THE REVERSE SIDE ARE A PART Of THIS NOTE '
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` ~ ~9~U FE8 Al~ •1E? ~ ~ ~
n ~ - / ~~~~s~/
~ ' Address ~ v ~ 2 ~ 6 ( ~ C~ l~l,ill~~ ( / ISEAI)
` ' MAURICE D. S DER
~ ~ - - 1u:-:~--.-~:- i jr~ (sEa~? +
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BOQK 675 PAGE2~~U
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