SAUGUS – Two area men led state police on a high speed chase through several North Shore towns early Monday morning before losing control of their stolen sport utility vehicle just off of Route 128 in Peabody.According to court papers, 20-year-old Michael Constabile of Saugus and 17-year-old Raymond DeFranzo of Revere allegedly came across a 2001 Suzuki sport utility vehicle with the keys sitting on the dashboard in Revere around 11 p.m. Sunday. Unable to resist the temptation, the two men stole the vehicle and began cruising around the North Shore, ending up in Georgetown where they encountered police.Police say they began following the Suzuki just before 2 a.m. Monday after an unlicensed Constabile, who was driving, committed several traffic violations and failed to stop. Georgetown police notified state police of the pursuit and officers from the Danvers barracks picked up the chase on I-95 south.State police soon backed off of the chase for safety reasons as the two men reached speeds of over 100 miles per hour, but were soon reunited with the pair on Centennial Drive in Peabody, where they had lost control of the vehicle and rolled it onto its side.Uninjured, the two men fled to a wooded area behind an industrial building in Centennial Park, but were soon located by police.Constabile, who according to court papers bragged about the arrest to DeFranzo while the two were in custody, was charged with speeding, operating with a suspended license, larceny of a motor vehicle, failure to stop for police, a marked lanes violation, leaving the scene of an accident with property damage and negligent operation of a motor vehicle.DeFranzo was charged with only larceny of a motor vehicle.The two men were arraigned Monday afternoon in Haverhill District Court, where a judge held Constabile on $3,000 cash bail. DeFranzo was released on his own personal recognizance.Both men are due back in Haverhill District Court Sept. 22.