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Home My WebLink About2669 SIMPLE INTEREST PROMISSORY NOTE PROPERTY RELAYED BALLOON c 24,000.00 _ January 31 19 90 For vatue received, the undersigned (whether one or more hereinafter called "Maker"1. iointlY arvi ~o;,p~4~~,. S••^ ~T~'ed5uie Lvast [vational Association ~ v ~ J~~ ~dr ~v ~~;c vivt3i Ui uuiTti~ f (which, together wiih sub- (Name o! Bank) saquent holders of this note, a~e ~eferr~ to as "9ank') at its ottice at Fflrt Pi~rce , Florida, ~ne principai sum ot ~?enty f our thousand and no/ 100------------------------ rs (S 24.OQ~ _ ~Q ) w~th interest trom the date hereof at the rate of 11, 25 °k per annum on the full amount ot said pri t um remaining trom time to time unpaid, payable in Sg monthly instalments of ~ 276 . 56 each on t day ot each s~ccessive month commencing on March 2 ,19' , together with one pa n t amount o( ~ 20,149. 22 due on Feb 2 ,19 provided, however, that the tin nt o! the enii~ inda- n~e~!??ss ev":cl~c~ hsretsy, ii+v~t s~net paid. shaii be due and L?aYBble on _ FPh 9_ n_ T~ . ~c~~}- ~ .Ib iticdAk3i ~_~s to pay iate charges not to exceea S~o or tne amount oi any payment or payments in de(ault. j All payments made hereunder shall be credited (irst to interest and fawful charges then accrued and the ~nder to principal. F~laker has the right to prepay this note, in whole or in part, without penalty a time upon the payment ot accrued and past due mterest and charges to date of prepayment plus a service fee in the a oi t lesser o( ~50.00~ percent Qt the principal amount ot this loan (Amount Financed), provided, however, that any partia re~e ot principal sh applied to the instalment or instatments o! principal last maturing hereunde~. The amounts referred to above have bee~ computed upon the assum ~ ion all instal ent payments witl be made on ihe {espective scheduled due dates. Interest accrues on the unpaid outstanding pri ~'p balance. If any instalment is not paid in full or? ~!~e due date, Maker will be obligated to pay such additional amounts as may e yable by reason oi the continuing accrual of interest at the rate designated above. Any resulting charges accrui~g on account o to make timely payment on the due dates may cause increases in some oi ihe amounts design ~above. Any instalment made rior to any due date or dates, or any prepayment, ti4i~! ca~se decreases in some of the amounts de nated above tor the reason that the unpaid outstanding principal balance wilt be reduced and the interest rate designated above applied to such reduced outstanding balance to determine the amount of interest that is due. If the BaAk deems itselt insecure, or upon thsJia~ @? i f any of the following events, each of which shall constitute a default he~eunder, all liab+lities ot each maker to Bank shall t~~~Tq~ o thereafter, at the aption oi Bank. without notice or demand, become due a~d payable: (a) laiture of any Obligor (which ter hall an and inctude each Maker, endorser, surety and guarantor of this ~cte) to pe~iorm any provisi of any securiry agreemen ortgage securing the repayment hereof, to pay interest hereon when due, or to pay any other i ~ whatsoever to Bank when due; (b) the death of any Obligor; (c) the filing of any petition under the Bankruptc~ Code, or an si ' r eral or slate statute by or against any Obligor: (d) an application tor the appointment oi a receiver cr ihe ma~.ing of a gen I mm ~t (or the bgnefit of creditors by, or the insolvency of, any Obligor; (e) the entry o( a judgment against any Obligor; (f) t is i any wr~ of attachment or writ ot garnishment, or th~ Iiting ot any lien, against any property of ar,y Obligor; (g) the taking ss of any substantial part ot the property o( any Obligor at the instance ot any governmental autho?ity: (h) the dissolution, e nsolidation or reorganizaiion of any Obligor; or (i) the transler oi all or any part of Ihe real property which is security for , except as is permitted under the terms o( tt?e mortgage, without the prior written consent of t`~e 8ank. In addition to any other coNaterat securing this loan, ii any, the Maker hereby grants to Bank a security mteresf in all property o( each Maker now or at any time hereafter in the possession of Bank in any capacity wl}etsoever; i~cluding, but not timited lo, any ba~ance or share of any deposit, t?ust, or agent account, as security for the payment ot this note, and a similar lien upor? and security ~~terest in aN such property of each Maker as security for the payment of atl other liabilities ot each Maker to Banlc (inciuding alt ~ ,~abiiities of each Maker). ~ The Obligors, jointly and severalfy, promise and agree to pay all costs and expenses ot cofleCtion and reasonable Attorneys' ~ `ees, whether incurred in connection with Collection, trial, appeal or otherwise. ' Presentmertit, demand, protest, notice of dishonor, and extension of time without ratice are hereby waived by each and every Obliga: ~ Maker acknowiedges receipt of a completed copy o4 this note and mortgage on the above date. ~ I ~ ~ NOTICE TO COSfGNER: You are being asked to guarantee this debt. Think carefully betore you cio. If the ~ borrowe~ dcesnY pay the debt, you wiN have to. Be surs you can aNord to pay ii you have to, and that you want to accept this responsibility. ~ You may have to pay up to the tufl amount ot the debt ii the borrower dces not pay. You may also have to f pay late fees or collection costs, which increase this amount. ~ ~ The Bank can collect this debt (~om you without tirst trying to collect irom the borrowec 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. It this debt is ever in de(ault, that fact may become a part of r~our credit record. ~ This notice is not the contract that makes you liable for the debt. € P ~ _ 515 S. E. Solida Circle ~ ' ~ ~'~:u~~ss port St.Lucie, F1 34g83 Si ATURE Joh~A ietaert z ~ _ - - ' C ~RESS SIGNATURE E '~0 FE8 -1 P 2 :57 1022923 6?~ Doc stamps in amount of ~36.00 affixed to mortgage. . ; iL. • ~~n~ ~ : ~ ~ ti . ~ , . Y. "T:~. ~ =-1 ~ I ~f ~ . f ~ . ~ _f " . . G'~:C~;fllt~~l;AF'? ~~'l..ti~. , • ~.~~~~;~i~ - , _ , ~ - r ~ ~ . ~ - ~ ~ ~ ~ ~ ~ F ' and under - balloon ORIGINAL - Bank Copy YELLOW • Customer PINK - Fi{e . :~,f~~ ~ p 675 P;~E2669 eoaK ~ . _ ~~~~~Y~ _ . - ~