HomeMy WebLinkAbout2933 Rivarside Nationsi 8~~k Note Number -
31st .IANUARY ~b 9n rUM VALUt MtI:tIVtU. INt UNUtN~ItiNtU
V~V InIJ UMI Vr - ~
here~nsher celled '"Meker" w~thout reperd to numb~r ar p~nd~r. ~ointly •nd s~verslly PROMISE TO PAY TO TH~ ORDER OF
RIVERSIDE NATIONAL BANK OF FLORIOA 2211 Okeechobee Rd. Ft. Pierce. Fl. 33450
here~~ntte~ called "8ank "
THEPRINCIPALSUM OF TWENTY FIVE THOUSAND 6 NO/100 pfl~~qRS
In thirty five principal and interest payments of ~836.35 beginning March 1, 1990
PAYABLE with one final payment of principal and accrued interest due February 1, 1993._
Interest thereon sha11 eccrue l~om tha dste of fundin~. comput~d on th• ~es~s of a 365 dey year, at the ANNUAL PERCENTA3E
RATEOF TWELVE AI~D ONE HALF PERCEN'T (12.SOZ) _
INTEREST SHAL~ BE PAYABLE Monthly beginning March 1, 1990. _ _
All payments ~h~tl be ~pplied firot to ~ccrusd ~ntenst ~nd tMn to principal. Intetsst will eccrus ~t th~ rats oi t/365th ot ~nnuel inte~ est
for eech dey that pri~cipet is outat~ndin9. but in no ~v~nt shot4 int~r~st be dus et e rats m sxcsss of th~ hipha~t lawfeii r~ts- Without
Iim~ting the generslity oI tha forsgoinp. ~nd nothwith~tandin~ ~ny or~t or writtsn ~greement. no deposit o~ funds shall ba rsqwrai
connecaon with this loan ~n an amount whi~A wift, whsn d~ducted from the pnncipel amount outst~ndin~ hareunder, uuse the rat~ of
~nteiest hereunder to sxcsed ths m~ximum Iswful rat~.
li any peymant is nat mede in full when dus. the entir• unp~id princip~l and eccrued ~nte?est. less any unaarnsd interest and any
~nterest in excess ot ths msx~mum rllowsd by I~w snd sny rsb~te~ rpuirsd by law. shatl et the option of the hoider b~com~ immed~stely
de,e and paysble without not~ce. Failurs to sxsrcise the option sh~ll not constitute s wa~ver oi the subaequs~t riyht to exercis+e such
opt+on AFTER MATURITY. INTEREST SHA~L ACCRUE ON THE OELIN~UENT PRINCIPAL BALANCE AT THE HiGHEST LAW~UL
RATE OF 1NTEREST OR. IF NO MAXIMUM RATE IS PRESCRIBED BY LAW. AT 1896 PER ANNUM.
As secur~ty for the psyms~t of th~s note. ~nd ~ny rsnsw~ts. ~xtensions or mod~tecations thareof, and any other lisbilities oi the Maker
co che Bank. howevar or wh~nsvsr crs~t~d. M~k~r h~r~by ~rants to tM 8ank ~ security ~ntsrsst m:
MORTGAGE DATED JANUARY 31, 1990 encumbering the following described property:
Lots 9 and 10, Block 1713, PORT ST. LUCIE SECTION THIRTY-ONE, according to the Plat
thereof as recorded in plat book 14, pages 22 and 22A through 22G of the Pubiic Recor~s
of St. Lucie County, Florida.
Wh~IMr w not st»uhc propertY ~f dHCnDW ~bov~. ~f ~ddrtrond Ncunry Ip tM D~YmMt OI tMS Nol~. ~ny rsnawals e~umw~+s o~ modd~cstans tM~sof. s~+d ~ny otl+H
babdq~ss o1 Mak~r ro Bsnk Aoww~~ w wh~MVU cr~~t~d. M~tN hN~Dy pl~dp~s to B~.^.~ ~ny end at! p~op~rty ol M~kar now o~ t+K~~ha d~Mnnd to or qh ~n or tommp
~nto tM poss~sswa tontrpl q cwtody oi B~nk wMlhsr ~~pr~~~ty toll~t~r~l s~tuntY w ior ~r.y otA~~ pu~posa ':nr.ludinp ush. slotk and otM~ awdands. ~nd ~0 npAb to
wbscr~be ?or s~cur~u~s ~nad~nt ~o d~clarsd o~ p~~nt~d ~n conn~tt~on w~tA suCh prop~rtYl ~~d p+oWrty dsxr~ped ~n coliats~~t r~c~~pts o~ otMr docum~nts s~+W o~
~ fum~sA~d by tM Mak~r ~nd ~ny anA dl ~sDl+um~nb of ~ny ol tn~ fwpanp. wMtMr pr not ~n th~ pos~~suon ol Bsnk Ril such prop~rty ~nd ~ny otMr prop~rty secu~uq
M~k~r's I+aMl~tht to tM 8~nk wdl l.e~~~~ts~ De ~d~nW to ~s lM Co:".at~r~l " TM Coll~urd ~s ~~so P~~dp~d ~s sscun~Y for sl~ ot4u hsbhws (pnm~ry. s~cond~ry. du~ct
~ eommqen~ sols ~o~m or sevar~ll due or eo beeoms due or wMCh m~r be n~ruha eontr~a~d or ee~u~~~d of eseh Maka ~~~+eiuAmg ueA Mat~r ~~~e1 ~oy otMr p~rsnnl to
8~nk. whetMr suc~ ~~~D~hhss sns~ m!hB ord~nery CoursA of ~uUne~f o~ nOt R~gM n f+u~by ~¦p~essly g~antsd to ihe B~nk at rts oot~o~ [o tr~nf~~r ~t any dms to its~l' o~ to
ils nomm~n ~ny Collats~N. ~nd to rsCa~v~ the ~ncoms Ih~r~on ~nd ~o~d 1h~ lsm~ ~3 flCUnty Aer~fo~ Or ~OD~Y On Iha Urrn~~pal or ,ntsrast dw h~r~on a dw on anv I~~Wi~ty
sxur~d her~by Ths Bank m~y co~tmue to Ao~d any plsdpsd prop~rty d~pos+IW A~~~und~r ~hei t~~ D~Yment of ~n.s no~e ~t at tha tirn~ os tM D~Ym~~t ~rW d~u'~ups
MreO~ ~~Y OI IA~ paA~ss lilblt foi t~6 p1Ym~nt hei~of fh~~l W tA~n d~r~cti~ or con~~~p~ntlY I~~bie to tne B~nr as ma4er •naprser tur~ty Or pWr~ntOr Of ~ny OtM~r nOt~.
drah. bdl Of aRCha~pa or ott+~e ~nstrum~~t. or ot~arw~s~ •nd tM B~nk m~y tf+ers~fier ~~ueese 1~e np~~s w~~h respe~~ en sa~d pledged R~oWrty Qr~n~~0 Mrs~n sv~n IhOUph
tMS nole s~~~~ h~v~ bs~n surr~ndsrsd to th• Maku
~p \
f It is ~o~m?y and ssvsr~liY Covenente0 end eg~se6 w~th tn~ B~nt Dy escn M~k~r. ~ndorssr. sur~ty gusr~ncor antl ot~ei pirty to ih~f nOt~ 111I of whom ~r~ Mr~in~f(~r tor
8 b~~vdY C~Ilsd OOiipor o~ Obl~go~sl t~it
~
~ t Add~twns to. nleas~s. rW~ctrons o~ s¦cn~ng~s o1. or suDSUtuuo~s lo~ th~ Coil~tual. p~~m~ms o~ accoun: of ch~s ~osn or ~ncrus~s ol tM s~m~. o~ otMr lo~ns mad~
pan~~~1y w whW~y upo~ ~1~~ Co~~atsral, m~y fiom i~ma to nm~ t» m~0e w~thout ~Mecnny t~~ prov~s~ons of tn~s not~ or tne h~Del~t~~s of ~ny p~rty Mrsro 8ant sRall usrus~
~ ri~son~bl~ ur~ M tM tustody ~nd O~~s~rv~t~on of tA~ Coll~ta~l ~nd sh~lf p~ dNmed to h~v~ ~¦uused ~aason~bls cu~ ~f ~t takss wt~ ~ctwn (or th~t purpos~ ~s Mak~t
~ sAaU raasonably rpu~st in wntmy Dut n0 om~~s~on to comply wrth ~ny rpu~tt Of Msk~r fh~ll ol ~ts~lf D~ d~~mW ~ I~Jw~ to ~R~rc~f~ rNSOn~Dt~ C~r~ WnAOUt hm~Unp tM
° p~t~at~l~ty Ot tns (Orpo~nq. iM Bsnk ih~{I Atve no Nfaans+Wti~y 1or aK~rt~m~n0 ~ny rtf~tunl~~s. cills. conv~rs~onf. qachanp~s. oflus. t~nd~n d s~milar matt~~t rsl~trng to
E
~ any O~ the Collat~r~l nor for ~ntam~ng :M und~niyn~d v~n~h r~~p~ct to ~ny thsr~pl B~nk sAall not G~ bound co l~ts ~ny steDS n~usury to M~s~rw any npfifs ~n tM
S DIWp~d p~Opirfy ~p~inSt DnO~ partilS. ind M/k!r sn~il t~k~ ~11 n~c~ss~ry ft~ps fw wcA purpos~s B~nt or ~is nom~n~~ n~~d no~ toll~ct Mt~r~ft on or pnnc~p~~ sny
0~~4~ Prcip~rry or qrvs ~ny not~cs w~M r~spKt to ,t
~
r
I UpOn tM h~pp~Mnp of ~ny of tAe ~ollow~ny ~vsntf •~ch OI wA~t~ lh~ll COnflrtuN ~ d~fwlt h~r~unO~~. or d tM CoIl~t~rN sA~ll ~t ~ny tim~ h~com~ un}~haf~c~4w t0
` oani~. o+ ~i ef~nk. snni at ~~Y bme d~~m ~tsalf ~ns~w~~. N~ I~~bd~W~ ol ~~ch M~k~r t0 B~nk, wh~th~r or not ~vrdanced ~y th~s nob. shall lMr~upon or tMn~ka_ ~t tM
optq~ of Bank. vintAout not~c~ a demind. bscom~ due ond p~y~Dt~ (d f~+lur~ o~ ~nY OW~por to p~Aorm any spr~~mem Mr~unde~ or to D~Y ~ull. wMn dw. snY I ~bbhry
' whatewv~r to Bank or any ~nit~llm~nt tM~wl or ~ntersst tMr~pn. (b) tM d~~th Of ~nY Qb~~por. (cl tA~ f~l~ny ol ~ny p~utwn under ths B~nkruDtcY Act. o~ ~ny s~m:itt •~dlt~l
p a suta sutut~. by w~psH+s[ ~ny OD~~go.. Idl rn ~DObcst~on lor tM ~ppo~nm~nt al s r~cs~wr tw. ths m~k~np ol a psn~r~l sss~9nm~M for tM bM+~R/ of a~drto~a by a tM
q ~nsoiv~r~cY ol ~ny Obl~pw. th~ ~ntry ot a fud9man~ aya~~ft ~ny ObApa. (fl tM ~ssmnp O~ ~ny ~tUChm~n~s o~ p~m~shment or tM hl~np o1 ~ny INn. p~mat ~nY pro~~ny of
~ny Oblipa. Ig) Ih~ tskinp o1 possession o1 ~ny subs[~nt~sl part ol t~~ p~op~rty o! any OD~ryw ~t th~ ~nslanc~ ot sny pov~rnm~n~~l authaitr. (~I tM d~stolutwn. t'N~y~r.
y. COnyOl~d~bbn O~ r~orp~mt~ho~ of ~ny Obligor G) iA~ Q~I~rT~n~1~Qn bY B~nk tA~t ~ T~IMUI Idv~~K Gh~e1Q~ h~3 OCCY~r~ ~n lh~ hn~1K~11 COIIQAWf1 O~ My OW~Q6~ ~t4~T tM
~ d cond~bons se~ fort~ ~n tne most rece~~ l~r,~ncu~ u~cemant ot such ODl~pw han~otw~ IurmsMd io Ba~ti or Irom ~AO tOnd~UOn Oi suCh Ob1~Q0! as Mntolor~ mps~ rntenl~Y
s ¢ O~fcbs~d to 8~nk m~ny m~nnu or that any w~rr~nty. rp~~Mnt~t~on. c~rtd~q a st~qm~nt of ~ny ODbppr (wh~tMr GOnt~in~d m tMS nOt~ Or nOU P~n~~~+np lo o~
. cOrw+~tt~On wdh t~~f nOt~ O~ th~ tO~n ~v~denc~d Dy th~~ noU u r+ot trw. (li ~Nip~+ment Dy ~ny M~t~r ol ~ny ~awty ~n ~ny OI th~ pl~dp~d COII~tN~I witAOUt tM wnttM
conss~t of 8ant. (kl f~dur• to do en ih~nqs ~»c~sa~ry to pnwn~ snd m~~~ts~~ th~ vatu• ~nd cai•cc~a~~i~ 01 t~~ Co11~t~~~1. ~nciud~nQ. Dut nur •~m~ted
ro. ths D~Ymem ol I~~~s and Dremwms on pohu~~ of ~nwr~nt• on tM dw d~le wdhout ~MI~t o~ Ih~ pr~ca p~nod
D THE PHOVISIONS ON THE REVERSE SIOE ARE A PART OF THIS NOTE
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~ ~ FE6 -2 A10 :35 , ~ ~ ; " n
= Address ~1J ~ ~.-1~1--+ a---- ~t~
1 ~~G t v ISEAL)
F'Lt ~r Tracy D. St le
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~ ~ . _ ; , (SEAL)
`-.:.~...IFnn1.:r,C B~U1~~~ l~~LNV~~
.rs._.. ..r,y ~g .,.r .._~i~