A bank claims a man has defaulted on nearly $50,000 worth of payments owed to it.

Regions Bank filed a lawsuit Feb. 1 in St. Clair County Circuit Court against Edward W. Cox.

Regions claims Cox executed a promissory note on April 6, 2005, for $84,202.78 and executed a second worth $34,475.73 on May 20, 2008.

However, Cox stopped making payments on the first note in April and on the second note in October, according to the complaint.

"As of January 29, 2010, the principal amount remaining due under Note 9001 is $20,585.05, plus interest of $1,718.26, and late charges of $821.23, for a total amount due, not including attorneys' fees and costs, of $23,134.54," the suit states. "Interest continues to accrue at the rate of $4.51 per day.

"As of January 29, 2010, the principal amount remaining due under Note 5694 is $25,961.40, plus interest of $487.51, for a total amount due, not including attorneys' fees and costs, of $26,448.91. Interest continues to accrue at the rate of $3.73 per day."

In addition to the amount it says Cox owes it, Regions seeks attorney's fees, costs and other relief the court deems just.

Deborah J. Volmert of Hanna and Volmert in Belleville will be representing it.

St. Clair County Circuit Court case number: 10-L-43.

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