HomeMy WebLinkAbout2738 _ _ : - _ - -ROI~~LtT _ ll..._ SPAIIZ_,--- - - ~ _ . G~T_ - _ _ _ - New p
~ _ ' Of[icer's Initials Co3~ Rene~val
_:;r:iNAL J.OTE THIS IS A RENEWAL NOTE
-'.1,500.00
Brndenton, F~or~aR December_ 17 ~g O9_
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For ~•slue receivrd the undersigned (and it more thAn one of them, each of them. jointly and severally)~ promise to ~ay in lawfu) ~
.:.•,y of the linitrd States of Americu to ;
MANATEE NATtONAI BANK C~P BRQDENTON f
~
_:'rndenton, Florida, the principal sum of ~S2~V Ori@ Th~~$~d Five_Fj~l~,~~ llarsj~41 ~JQD ~Q~_
i~.•::.:r~, ~~ith interest aft,~r date at thc rate of $~~~/o per annum payable in OnE'- 1 paymentX aa follows•
~ntire principal balance in ~
~~-1~`.~r-~~Si.?+~2~`{.~X~.~~~~l~X~.~YXX~the amount of $~~Q~QQ due or~Marc~],1 19~~, ~
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o~nt W bc~ya~~t~ tuatom 1
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~ n. 'ccdit li syitif,u~ _
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~'ty~..
.Y'dit li e and d' bility i~ un e -
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~ c. ?ropcrty imurance (includc onl~ if fi . ~ ._R . .
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' a ounc r;~ u s) •
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: ~ ~~~!:2i~tC CHAR E }
~ :•~'r~ a. interest . . ~ . _
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' b. PnWid ~ inanee C arRe 're1
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. ~ men4 (3 ~ 1) - - , - t ( ~
. ~'1NUAl. P~RCEi•!
T ~ , ~ 7AG R 7E %
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:~?~-:~Y tor the Dayment of t'~is note HaFer i~aa Dledyed or drpwited vrttb a ol r~ne rope Y: 0
,-~:,~;tal stock in Oil Investors,Inc.,321 Corporata.on & Lone Star Realty,Inc., and
_~:-resented by 3 certificates of 1,000 shares each in each of said corporations
'..•::';r.~ alt eash, stock and other dividends aad ali ri~hts to subseribe tor seturities ineident tq deelared, or traated iq WpIKtlWO ~itA ~ue6 pwpert~~, wAieA
. r:r, k+wrther wich all adlitions a~d ~ubstitutioro hcreatter pled¢ed or deposited ~ritb Bank is ealkd tl~e Collatenl 'Ibe Co1L4n1 i~ also Dled[ed b~eeuritr
- a;: ather :iaGitities ~primarr, sceondary, direc4 rontinYrn~ sole joint or se~erall, dw or W beemne due or MbKI1 uu~ De Lereat4r eoatneted or ~epuired, of
SS~;;er ~inc:udi;~ eaeh ~aker and anr othcr peraon~ W B~nk. T6e wrreader ot Nis eo4, uyop pyment oe otherwi~e, sAall not ~((ett tbe ri[bt of Bank to
.~:~:a tT.e Coilateral tor ~ueA other liabilities.
AJdi:iom to, zeSuctions or ezchanAe~ of, or au6atiwtiom tor the Coliatenl. payment+ on ucount of this loap er iaereases o( tAe sante, or other lo~~r eude
...::::r ur wnul:y utwn the Coltatenl. mar from timc w time be made wit6out a[teetiac the Diorisiom of this note. Sadc ~Aall r:ereise rraaowEle eare ie tl~e
~ and rrescrvation uf the Coilateral to the e:unt requirrd bp apylieable slawte, and ahaq be deemed to har~ eYerei~ed reuonable eare i( it iakrt weM
!~r that pur,osr u SSaicer aha11 reawna6l~ repucst in ~vritin~, bnt no wnis~ion to do aar aet not repuatcd D~ I[aker sA~ll be deemed s t~iiure to e~ereise
...,r•~a:,:e carc. an1 no omission to ewcpSy vith •ay requcst of Dlaker shall of itxlt be deemcd a failure to ezereise rcasoaabk eare_ Bank ah~ll wt be Doand -
c aay steps nece~sary to preserve a~r ritAb in the Collatecal a`airut yrior psriies •nd Haker shall take al{ neeewari ~[tD~ (or ~ueh Durpwe~. B~nk or ip
..,-:.:r.~.• necd not collect iaurut on or Ddneipd ot •nr Collatenl or Y{w ~ai notiee with re~yett b it
i' the Collateral skaii at anr time become aasatisfactor~ to Bank, Yaker ~bap within ooe ds~ dter demand pled~e and deposit nith Baat n part ot t4e
i'.,:'s:ersl addi:ior.~l yroprrt~ wbieA is utisfactor~ W Bant, •
it Bant deems itul[ inseeure, or upon the 1uvMniop o[ •or ot t~e tolbrrin= e~ee4, eaeh of ~hieh ahall eonstitqte s detanlt hercunder, ~11 ?iubilitie~ ot e~eb ~
t~ '3ank shall thereupon or thereattcr, at the opiion of Bank, without no.ice or demsad, become due and ps)able: (a? tailun o! aar Obli~ror I~AicD tens t
_.I mran and inctude each Jtaker, e~d~cur, suretr ~aad swranWr of this oote) W peHorm any asreemsnt Aereuader, b eaake aar DaYment Aereon witAie te~
_ , a!ter it is due, or to pa~ any otAer Iiabilit~ ~rhalsoerer to Qank wlua dae: (bl tAe death of arU~ Obliror: (e? the tiGru o! anr petition under tAe Baak-
y Aet, or anr similar tederal or state statute, b~ or aKairot anp ObliROr; (d) aa applieation (or the appointa?ent of a reeei~er (or, tAe makiqc ot • Reseral
..m.~nt for the benefit of eratiton tr. or the insolreacf of an~ ObliROr: (e) the entr~ o! a judremeot aR~iast ta> Oblqror. (f) lAe issuiot ot •n~ ~ttaehinewt
,;:.r: ishment, cr the filinR o( •nr lien, aeaimt aor proD=rtJ of aap Oblieor: (t? tAe Lkiac o[ possecsion of any su6stant~l part ot !1~! propcH~ of an> Obli~ur
::.c instance oE an~ eorerameatal authority: (h) tbe dissolution, merRer, eonsolidatioa or reor=~aisaiion o[ an7 ObliROr; (il tbe assi=ament ~•n~ f[aker o!
:.~;::~:r in any ot the Collateral witAout the written eoasent ot Ban1c. It t6b no4 is one of ~ series, detault ia an~ nWe s6a11, ~t option of tbe blder, tender tAe
_.r srzie~ due.
itanic chal{ ha~-e, but shali no: be limitcd to, the follo~rin; riQhts, eseh of wh~ch tear be ezercixd at an> time. rhether or not tbis aote is dne: (i) to •
.-e u,- transfcr thu aote snd tne Coliatcral and Bank ahall thereupou 6e •nlie~ed ot aH duti~ and responsibitities hereunde~ aad nliered Irom aa~ aad sll lii-
i:h rrsDcet to any Coitatenl so pledred or traasferred, and any Plcd~ee or tnmferee shall for all purposes staad ia th~ plaee ot $ao4 Aenunder ~od ha~t
:iti~cs of Bank hrrcunder: ~ii~ to tnnatep the vrnote or an~ part o[ the Colhtenl inw tne name ot iudl or its nominre; ~iif~ to rote tAe Coli~tenl: Iir~
._i:>• tne obL;;u*s on anr Collatenl to make pasment to Fank ot anr ~mounu due or to become due thereon: Iv~ to dcuund, sue (or, rnl4et, or ~aake anJ
...:~,:nise or settlemeat it deems desirabte with reterenee co the ColLteral: a»d (vil to take rnatrol of any Droeec+ls ot CollatmL'
::ar.w is herrby Riren a lien upon and a securit; intemt in all DroDert7 ot eseh Oblisor now or at aar titae hereatter ia tAe paaseuion ot Bank ia •n~ _
c::y rrcatiocver, ir.eiudin¢ but aot limited W eT~ D11iAC! or sl~are ot aar deDOS~t, trus4 or yeene~ aecount, u seeuriqr for tbe pa>ment of this rwte, and • '
-:ien uyon and srcuritr interest in all sueh yroperty ot each Maker as sceuritp for the p~Tment of all olher liabilitia of eus Hake~ W 8aat linelwliet j
._::.,ci<s of each Siaker aad any other pe»on); and Baek ahall hare tbe ~ame rishb u W such D*oDerU~ as it Iw with respeet W the Col4ten4 `
7f Bank derms iuelf inseeure or upon the oeeurnnee of anr defwlt hereunder $ant shall h~ve tbe rcmedits of a ueorcd pary nnder tAe Unifors~ Com~nerei~l j
. and, ~rithoat limrtin~ the ceneralitr ot the (orqcoio~, Qank sh~ll hare the ritht, immntutelr and writAout further action b> i~ b set otf ~~:aimt lhia note
c~.o :ey owed br IIar~k in anr caDaeity to each or an~ ObliAOr, ahether or ewt due, aod abo to aet olf a=sinst •I! otAtr liabilities ot euA H~ker to Hank •II
:•:y o•xed Ly IIank in anY caDacity to eaeh or any ilaker: and Bank shall Le deemed to hare exercised ~uch riRht ot set-ot( and to Aave made a ehar~e as~i~qt
,u,n money immr~liatety upon the occurrenee of such default evea thou¢h such ehsr~cr is made or enterrd on the books ot Bank subsequent lAereto. Lnkss the
:•e:ai i> yrrianaole or threatcr~• to dcetine syecdil~ in v~luc or ia of a t~ye eusWmari)r Eold oa • reeqtniud ~narke~ Baak wip tite llaker reywnable nnliee of
t:mr and p:aee of anr Dvblie snle tnereof qr ot the time attcr whieh an~ Drivale sale or an~ other intended dispositioa thereof is to be m~de. 7'he re.~uin~ncol
~sona!.le notice shali be met if such notice u mailed, postaPe pr~yaid, to an> Maker at We addn-ss Rircn below or at •o~ other address sho~rn on tAe ~ curdi
~ Lanic, at least fivr dsys belorc the time ot the qle or disposition Upon diapoai~ion ot any Coliateral a(ter the oeeurrceee o[ •ny default hereunder. Naker !
b~ and remain Siab:e tor any deficiene~: and Bank sha11 secount to Naker tor aay surplus, but Dank ~6a11 iu~re the risht to ~DDh ~~t or ~ny part o( sYCA s~rplus
~~o ^old tlr.e same as a resc~ve aeaiutl aa> and ~11 other liabilitin o[ caeh or aey alaker to Bank.
if t2::i in an in alimcnt no larer sum. mar be ji~with in+ lmenu. It aymen i lude inter~ G ume ~iull aDD~~'d lo arc ed inlerest, •~~y~
u
ir.r;~al. Yayment ntieiyations 1af1 be eredi d t~ ast in~tai7we ta ~rithout s wn n[ular mmts. Ja esen wrmenu ¦r_ m~ rJuc for • lT"of
. tnr ~r.Sez,iscne promise to ay a°?ate e o( .e tor aeh Ilar of pri yal over ue, to defr y the e:p.nsr f[olbwinK up s id de ' c~ pnr `
, .,~:.owev , jt.at in o eveat sha the " r[e" tq[e h~r ~vith in pt e: tbe rat: • owed bp la . Internt not ~ KAtO Jur st _ r iatenst. ~
. ~
~R~" tR t~ ~~vs~ i it writ en in eon e' with t i~ baq be obtai ed by the odeni~c Rh an~ pznon of hia ehoiee. If l~c ~
-:=::.ed ~:~-~:<s c~;,,r,:ty isturane to be obtai rd t the erediWr, e eost wil be t r a term ot manths.
~=:~~~TJ..~r~AN~ CREDIT LlFE D!S BILITY ! SURAN ARE RY AND OT REQUIR D FQR CR s
~c .rar.y~~ eo.~e:a~•j is a~aifai,le e east siKnated low for the tertn o! -
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_ ~y l or cr. it lile imnr nce (bl i tor eredit lif and dirabil' neee
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i:.;ur:.r.c is desired f 1 ~fe iro pnce is desi on
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~ I lS ~~i: i::c nJ dica~nnet is desietd o
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l.•1 ~ ~ o1lt
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~ ~ $c ruxet ~
d: 'a.- or o~r:is:i.~r. on the r~rt of I3ank in e:ereisinR an~ ri~tht hereunder shall opcnte u•~ai.-er of suth ritht or of •nr oth~r rirht under this aotr.
t~r~.:ese, notiee of dishoror, and c:tension ot time ~ithuut notice •rc herebr +aived bT e~eh and c~ery Oblicor. 'fhe Obtisun. ~nintll am!
:..r,"... d i~rre to DjY all co~b ot colkction ¦nd rtasonable atWrnq%• (ees. arhetAer eolletteJ by suit or othtrwise. Anr nulire t.~ MaA.r slall b•
~i y,~r a!1 puriwses it pLced in the mai4 Dat:Ye yrepaid, addressed to or lelt upoq tbe pr~mixs at, the ;ddtess shown beb~e or any otAer addreN
~ , i::~:.:.'. n corda.
a~•;:a:,•.ti•~ec3~es reccipt o: a completed copy of this Note on the above dat~
Suite 417 Ba ~ ~ ~
~ , For ' ~iew Building ~ . -t ~~-L
~-Laudexdal~ -F-}orida~33ff4`- Robert H. Spain (SEaL)
. ~ C~j~ p R ~
- / / ~ ~ _ t SEAL)
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