HomeMy WebLinkAbout0897 ~ ~ ~..r ^ ^ T ~ ~ v~
~ CBIIC@led. . ~
~ s ~ Pompai?o 8each. Florida. • '~iT L ~ . 19~ ' .
Fw value rcceived. the urniersipKd obli~ joinlly and sevenlly p~omise to pay to the order ot the POMP1INA H~ACH BANK AND
TRUST COMPANY. heroinafte~ allod "Bant" at'its~bantina house ie P~ompano-Beach. Fiorid~. `
~ ~ ~,~•~.t~.~~ir«~N«~ ~~~w~~ DOI.LAi'S.
i
with intercst at the nte of ~ per ant per annum from WYa~~ ~
but atter maturity at the tate of Tee (10) per cent r annum until paid. The said principal shatl be paysbk in ~
P~YmeMs of ~ ~••~•••~«~•~s~s~.~.~•• DOLLARS each (S 1~~
commencina on the ~ day of ~ , 19 and oontinuing ~~~u~
thereafter until the principal and intercst arc tully paid.
As ooUataal ~ewrity tor t4e p~yment d aU wm p,ywbb M~aed~r ~od d W~od aU ILbi&tiM aad obiiptioo~ d tM obti~oe~• or aa~ d Ihwo. to tlN
H~nk. ~rAetbe~r ~o1ub ar aow austi~ or hK+~[tK ari~ini. dw or to beoom~ du~. ~eeu~rd or ua~a~ted. whelMe iorwsr~d dir~etb~ a~~1Y tM
obti~o~s, or aqp ot tA~m. b~ ioe~iK P~f aot~s. hih ol ~scA~ aed o1Ms evidsw~s d md~NdoMS in writie~ m~d~. _ a~doesd oe
a,`~d
b~ ib~ obti~on. oe ~ny o[ tAo. ~od aoqu+red. P~d oc owed A7 th~ B~nk t6~ tollo+r+es P~P~s. ~ wieh ill P~b. ~eoom~. ~eesew. and •
d~e+t~on. ~ad ~dditroe~ fAee+lu. or subdiWfioos tbw[or. ~Il hnrin~tbt a!!d ' AoWf~l" fs hMabY Pkdpd b tM Hwk. v~
~ • All of Blo~t 6 0~ i~0o /IDDIZIOIt 3s d~s e! ~t. l~+a ~
tp ~O t s ~
t~ ~ooanda • Bt. Lrt~ i~~wt~?. .
- . a
~
.oa H.ot : .i.o~1vm . ~ ~ .aa ..~cr mc..~.R ~ .u p.~e~w .oa .~w. at te. ~w+so~..oa .~a~ oc r~. ~ or .e .or ~ n~..r~ ~~s . ~
mb n» oooaa e~to~, orpo~~oa ae th. H~ei~. .e.th.r for t6..~y....a pa~po.. ee b.ius u..a 6r~ th. B~et edVtKSI or inr .eqr aA~e wiepo... .od upon 3
t6t eeedit ot ~pr ~ooonnb. indud'en~ tnut aod~aee~ ~aoanb m~iobinad wif6 fhs B~ok 6y ao~r d t6~ obli~oes aod fbe ohiu«s ~ree i
an~ 6~Loo~ or 6~Laor b
b ddiwr Oo th~ Brnt ad~tioml ooWNe~l os mrb wrfi ~
m»duet~
ian o[ fM~ amc~t at tbs loan u~Adl b aatid~doef to th~ Hank in tLe +
~t th~ ~foe~otio~d oo~Lt~nl ~II dala in wtu~ ot b~eom~ m~atidador7 b ib Biot
Additiae~ to. e~duaioo~ or eah~e~ ot. ot w~E~titutims ta~ t4t ao~ht~eal. P,Ymot~ an roonunt ot tbis lo~n or ietre~w o[ tb~ ~m~. at ofber 1o~or m~de
p~elialtp oe w6oii~ ~~on tb~ CdLferd. ma7 itam tios b tim~ b md~ ~if6out a~~tie~ th~ piwi~iar d tAis not~. H~nk alrll ~~e~soa~Al~ e~n m tbe
~,~oa~? .aa ~....~.om ar eb. oou.e.~.~ v, ;e ~.s.~ ~o ~ ~..a br •vr~+! •~a. .oa .e.u ee a~~.a ~o e... ~a ~w. '
nra it it fakas aueh actian loe eh~ pu~pow obli~ois a6~lt ta~sao~W~ eeq~r~t io weiti~s. but oo amuom ~o do ~ny ~et not rpna.t~d b~ oblis«s s6d1 be deemed
• faiioer b eaeeiM iwm~bM c~n. ~od ao omi~rm b oo~pl~r wtt6 aqy ~qu~ at obli~oas ~6aU o[ itMll bs damed a taih~n b e:ee~ew rswoo~bb u~+• ~nk ;
s~ll aot b 6a~od b t~ W NeW neoees~~7 P~+~ W? +~b io th~ Callatenl ~N~ P~~ P~~. ~od abli~oo. at obli~oPs ewt aod e~aMe. !6~u ~e
~11 a~oaMap ibps for ane~ paepow. H~nk or ib naminw awd not oolled 'mhrast m or poselpd d.q~ Oollateral oe pve aey notia wtth awPeot b it j
Tbs B~et may ooetiow fo hold ~n~ oo11a0~n1 depadtd ha~wmder a(ter f~ paymot d thi~ nob. H d tbe time d fhs p~yme~t ~od dis~r~e AKeot au7 d ~
th~ paetias Wbie foe t6sp~m~
t ha~eo[ ahdl b tben direatly or emtio~dY Wbl~ b f~ Bwt ~ m~k+:. aodoesr. wrdY. ~reanto~ or ~aonmmod~tion P~~Y
w~~ ooll~t~~~l L~eeri~o ~v~n tl~ou~6 thi~e~aof
~~ll~ber ratneds~d
~b
W~ and t6~ Hank mq ihKSlter ereewe dl rishts ~
i
All p~elis li~bM foe Ur pa~t~mt, or oo~laction bw~wt (1) aL~ ~ P~7 je~ared o~ p~id in tM peoteCtion ot oolLteeal or t6e eotaa~eet beeeot. ~
wL~fL~e f6~ B~nt or of6ar 6ald~r i~ oDLP~ ~.°i ~ lanoe~bls atlomya [w for aervie~s ~od espeers in fL~ eoWe~oemeat heieo( aitLer Pnor j
oe nt6~eqoeat fo ~hMhe[ n l~~ P~P a otlxs*i+s. fhe oNiptim b P~Y aseh at0oeaq~ ~~~~11 sntvlw f6s ofr7 ~~Y J~[-
mot 6ae+~os aed I not~meep wifh fhe Mm~. 1~) wuw peeMOtmmt tor P~Y~~. dm~d. notios ot nan-P~3~~. ~ W'~ ~ p~t~t a[ tbis noN
(8) ooo~m! to ~d w~iw notius ot ~vy ~od ~Il Roe~ab or eteooaoa ai lwMfh~r or sot tor period~ loeLer th~n tbe o~i~nrl Daiod d thL mtel w~iv~ns, oc
modi8a~tioe~ th~t m~~ b~ saebdb~ t6! B~ok witb n~pect b the p~ment ot olh~[ pmionu d ffiis not~ o[ b 16e erirss at ae~ aWi{ot o[ the aollateral o~ ;
. m7 P~ wjth ae without wb~tidrtioe. aod l4) a~ees tLat additiood makae~. aodo~ers. iu~nntoo or suntiea maY b~oom~ P~+lia 6ee~O wit6oat notioe to ;
16em ot ~tictiot fbeir ~6iliQr haiwmd~r. •
s
IL th~ H~ot d«oo~ itMlt ieMwre. or upm tLs 6~ppen~ d ~nY ot th~ toRo~waK ~web w6it6 ~II bs d~wod a defauk. a~hiot bee'efe b t~s aontnty ~t
solwith~qodiof. tbe B~nk oe ot6ar 6ddar m~y. at its optim. [wf6wiW aooeleette a~daiqr ~od t6s ~mpaid 6d~ooe ba~+ot ~hdl th~wpas immedi~td7 beoom~ ~
aoe aoa pay.bi. .itkont aem.oa or no6o.. viz cl? raiturs w pa~ .ny ioefaumeat ot p~me+p.l or ot ~e.r..e m ths aw aaa fha.eot. whdber .e s.M+itr or a:ter
notjo~ ot ioqntion to 4eepal. ar afAeswise' (Y) faiLu~ to D~Y. P~~m+ or o6~errs ~a~ oL4ptian. li~bilitr. oe eLim b the 6older o[ anr ot the p~etias li~ble tor f
eh~ paym~nt or oo1lK~bm Aaraoi• f9) dedh d~n iodividud obli~or or it ~oy obli`or b a m~poeab ~otit~. it is di~solwd or a p~~ b an7 mrtK or comolid~tioa
without fht writleo aoasot d thsa.ot. (4) ~t aoy a6ti~or m~ks an a~oao~ot !ar tLs 6eo~t ot a+ditoe'+. 61r a petitioe m 1aeiQUPf4.7. i~ ~djudio~td imotveat or
I 6~n~upt. neaeioos o~ .pvL.! eo any tn~m.t tor .sr o~ •ar ~e,.ee. d owi~o~_or wt .ar n•~ oc owi~or's v~v~r..~~+~• •M~ P~°~Os .a.tios eo
ohtilor md~[ an7 reo~anisa0on. ~reao,~eme~t. tsdjmtmmt o[ deht. di~olotian or Lqu~datim. Lw oe ~fatate ot aa~ jnri~diet~an. whef6er now oc h~ra~tter i~ eReet.
oe it tMn is oomm~aasd apimt o61ii'a ~7 ~ P~• ae a6li~or bY aoy act iodiots i4 oommt b. appiwd d. o~ aocNies~o~ io ~oY Pmoeedir~ ia -
.y~m~ oc ~.o.~.xr ot o~ .or ~.w ow~so~ o~ .or p+?t ot
oonaa'• w~~ m.t~..o ...i~om~~_ t~ u.~ an~ ~.e ies aai.ta.~ de~cea a.
ao e on
~eaait~r toe tht lo~a evida~oed heny ah~U deeliee ie v~tue or beooms umatis:aer~ory b tbe ho~W~er. aed tbe p.etie~ 6~6ie tae the p~~t cr aoilecttion 6ereot s6~11
not upm demmd. writtm oc oral. m~ta p~ymmt m~eduetim ot the prioeipd or tutai~6 addiGood odl~tcnl aemeit~ wtistacW~f ~o the 6oldar, l81 tailure m the
prt oi tL~ p~rties li~bL tor tb~ p~rmmt heeeot to do ~II t6ioP neoeer4 ~o p~a~e~n wd m~iobin fb~ v~lw aod odlee6~i6tr d 16~ collaMral. iodud~. but mt
tmitd b Ih~ p~~mmt at tazes ~ed ~op~s m policies at iowuaoos on fbt dus dab wit6out beoe6t d fb~ ~so~ Pe+iod: (7) the aa~om~t o[ a~r equit7 o mY
d the oolLteeal witho~~t t6s wdttaa ooo~mt d the H~nk.
It H~nic de~es ihdt ie~enar or ~4wo tM ~ooon~eeoe at auy event d ddanlt 6awodet H~ot ahdl 6~w tLt irmedies ot a~eooeed D~et7 ~oder th~ F'iocida
Unitoem Comoera~l Oode or ofbv appLa~bie laws ~ad. wit6a~t limitio~ tLs ~eoe~ati~y oE thetor~oi~ H~nk shll Irve t6~ ri~6t. iamediaf~b and aithout lurWer
~ctioe EY it. b aet aQ ~t this oote aL maee~ awed bf Baok in anr ca~rily b ertb or an7 abl" w6~t6er or oot doe. ~nd ~bo b~d aQ a~aio~t aD o16er
li~6ilitis d od'yor b H~ok dl mm~7 67 ~t m~Y ~Y to e~rh or aa7 obGi'or. aod H~ok drll b daomd 10 6~w erecdMd srb ~ht at
set-oR aod b 6~ve m~de a tfiarp spmd ~ny w~eh ame9 i~ediatd~y~ uQm t6e aodineoos oE ~oeh evmt d ddault avan t4oo~6 ~ ebui~ b m~de or mtered
m the boob ot B~et ~absequmt tl~ae~o. Unbs the CdLteeal i~ Pa~ or thee~t~o~ b d~dins ~peedil7 ie wtw or i~ o[ a t~p~ ou~loern'17 ~oW on s~+oas-
ni:ed m~rket. H~ok wiH ~ivr ra,asoo~ble mtit+e ot tlw time aod piaee a[ aoy pablie or private sab fhreo[. 'ibe ie4u+remmt ot ~soo~bie notioe ahall be met if
a~e6 notia is m~iled. P~+i~ P~P~d, to ~oy obti~or at any address ~6awn m ths reoord~ d dM S~nt at lsst ten ~ays baton fh~ t~e o[ tha rle. UP~ ~P~-
tion d~n~ Colhteral ~Poer Ibe ooaKrma at ~y default hae~oder. e~eh and ewrY oblisor. joi~tlf ~ed sw+ee~DJ ahdl b~ ~ed r~in li~We for aer dafieieeeY: aod
H~nt ~6dI ~ooount 1o Obti~as for a~ waplm, but H~ok ~ll hne t6s ri~6t to apply ali a~r part d w~eh wuvlas (ar W 6dd tbe arm~ a~ reMeve Kain+t)
~nr aod all ot6~r li~6ilities d e~ or ~y obli~or b B~ok. At a~ aurh de. t6s H~ok mR7 Pue~w arp Q dl d tLs eol4taal so t6s amamt due deeroet m
e+edamption ie an~ oI fbe prtias li~We Ior fhs pa7meot 6wwl. whic6 ri~t ol ced~mpt{m is beteb~ aspe~e~d7 wai~"rd. ~nd maY iPPlY
•ooamt ot a~ in toll Mfs[~tiaa d th~ paee6~rs pria.
1Le B~n! ir ~Wlwrisib~r ~II partir li~6M tor tbe p~ymmt 6eteol. wit6art notite Eo aoy d them Lo dals t6is note as oE fbe d~~ wl~ee fbe fa~t ~b~rse-
meot ot tlr lo~o rvld~ood Aetrby is m~d~ ~nd b 6R 'm asy Wwk ~oes benin W oooloem fo tbe 4rms vpan whieh fh~ lm wri~aosd hesu'b9 is mde.
7be B~ok or oUrcr holder ma7 at any time io ib ade dise~etim oomP+nm~e. settle or riteod 1he time ot P4i~ d~ny d tM dem~eds ot abliaa0ons. nPr~-
a,eoted bp ~oy d tM ~ewritiws pled~ed he~eaodK ud ~ll d ebe p~tiee Ii~Els tor Ws p~ymeot 6e~eot 6ee'eb! m~ke. aonstitub aed~ppwn
t the Baek or other bolde~r.
hs or their t~ue ~ad LwWI ~tbree~ for th~t purpw~ writ6 tull paw~r ~od antboritr to compramise, aetW or ~taed P~7mot d a~id Lm~ or obti~atio~s ~nd to
aaquire. a~tisty ar disdrr~e lbe a~m~ o[ re~ord oc ot6erwise as tbe prrties li~blt tor t6e p~yment he~eot mis6t a~ oouW do i[ penoo~llY P~'wot. Howeoer oeifLer -
fhe B~ak oor othee Aold~r be+~ot ah~L be meder any W6ititY ae o6liptioa to fabe ~7 af~ps w~tsoev~r b 6c ~ep /iablit~ aPm or b aoU~d ot to doeo~ p~Tm~at
~c .¦y ~.o~ ~as~a ,«,~:cy e«~aa.~ ..b~e.~ y~ s~s .or v~~s. a.~ wr~c. v~s. ~s ,mt a «b.~.;.~.
The H~nk drlt ool bf~r ~et d~ia~im or oommi~aioo bt deamed b waiw aV? ot ib ri4ht~ ar n~mediw IKe~wmder uelss wxh waiva 6s in oritio~ aad
~iy~ed b! tb~ H~ok or otMr MWer aad t!~ mir b tbe ~tent sped5d17 ~et [o~th tbeie~n: • wa~rer m aos ~ent ~all not b amdrod as oontiouiei oe a a
b~r W oe wi~re* at wc6 ri~t or e~dy aa a su6~equs~t ewot
H~nk ah~U Mve. 6ut ~lrtl aot be limited b the fdb+.ia~ ri~hts. aeh o[ whicb a~y bs eie:wsd at any tinr wb~tha or mt this oote b dur: (i) to
p~d~e or tpnsier this mle ~od tM CdlaMral and H~nk a6d1 thereupoa bs relieved d a11 dutio aad respoo~bi6ties 6ern~ed~t aod relie+red 6om an~ all
~bitit7 w~iM ea~paN !o aa~ (.bllderal w pled~td or trsnderrod. and an~ pled~ee or tiaederes ei~ll fat aU parpwes staod ia fb~ pl~n d B~ek asd
6~ve all lb~n~h b at li~nk 6e~e~ridet: lii) b tr~es[a tbe whde or aar p~rt d 16e Cd4tenl mto t6~ n~me ot iWII or ib ooeoinee: liii) to vote tM CoO~ten1:
(ivl 1o solify 17~e obii~ws aw aMr Coll~teral Oo orke p~Ymeet b H~nk at oir ~o?o~ets doe or b 6eoome dw t6e~~eao• lvl b drornd. w tor. aolla~t. oe m~lce ~ep
oooopr~oa~i~e or aettkment it de~an desi~abk wifh ~d~ea~oe b the Cdiatec~l: aod (vi) b taios oooliol ot ~sp pooeedr d CoWturl.
77~e lialr'lier of e.d oblitor .hsll e. ab.oiute and ueooeditioa.l and .riU~oas re~ard to t6e_L'abilit~ d ~a~r ofh~r wetY Leeeto. wny mtia .hd1 b.uSdtotiy
~erved upop obli~or~ b~~~~~
sud~ ootiee ~Kwe aay oae obti~or. 71~e notiee atwll be wl6aentlr ~eired it QIK~ed is tbe mW. Pod+~ PKP~id. addeered b,
oe !dt apm tbe peamisea ot ~a7 o61Kor ~t my addtar aho~wn aa f6e B~ok'~ eemeb. .
~msse~:
/S/ W. L. Rice ,s~,,
cssnta
' 1S/ Celia Rice
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FORM NO 3 (~L~
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~ - . e~x 167' ~E ~95
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