HomeMy WebLinkAbout1008 ~ 6 D 69-IOOR-R~ord~r (rom: Fote Lin~ Syst~ms, Box 18527. Tamp~ 33604--872•793t R~vis~d 12~b9
COLUITERAL NOTE--SINGLE PAYIMENT
~ 1200.00 Fort Pierce~ Florida Jul~ ZS ~ 1970 -
1 s ~ o» after date the undersigned (and if more than one.
each of them jointiy and seve~ally)~ hereinafter called Iblaker. promises to pay M the order of
ST. LUCIE COUNTY BANK
at its office at Fort Pierce. Florida • hereinafte~ called Bank
'Itiralw ~undr~d Dollars aad I~io/100------------------------------- Dolia~s DUE
L. d~ ~ D. No.
(whltA .o,o~~t i„e~~ ~x..a. a t 1200.00 ao, an.. eh.~.s
or ~~nios i~ .n nMOUrrr Flru?r~cEO a: 12Q0_0~ ) witA Int~nst at an ANNUAL PERCENTAGE RATE o~ 8~
whicA . FINANCE CHARGE ot s 8S•~ tComput~d on ~ 6 moMh matuiity, N d~mand oWisstlon). M not ~nNud~d ~eow. ai».
ch~r~~s in tM smouM of S haw b~w+ coll~ct~d from MakK. As
(D~s~rib~)
secu.ity tw tM paymtnt ot this nob Maic~r Ms pl~~d or deposk~d with dank tM followir~ prop~rqr:
32 He~d A~flts Cattla 2 y~ar• old, nastured on 6a~la IsLn~Bnad ~
Oksechobee* Florida
(~ncluding all cash, stock and other dtvidends snd all rtghts to subscribe for securities incident to. daclsrsd or grsnted in connscUon with
such property). wAicA property, together with sll additlons snd substitutions hereaiter pledged or deposHed witA Bank is caU~d the Col-
Iateral. 7he Collateral is alw pledged as security for sll othsr Gsbilities (primsry, setoedsry, direc~ cattingen~ sol~, jo(M or several), -
oue or te ~reasrAa du! 9r which may be hereafter contracted or acquired. of each Maker (including esah Maker and any oth~r person)
to 8ank The surrender ot thls note, upon pa~r~aa! or oth~f;A shall not eHact tho right ot Bank to retaln th~ Coilst~rsl for such oth~r
t~aDifitiss.
CREDIT UFE AND CREOIT LIFE 6 DISAB?LITY INSURANCE. ARE VOLUN'fARY AND NOT REQUIRED FOR CREDIT. Such tnwra~ tovrr~p Is avalisbN ~t tM
cost d~sf~nat~d Ddow to~ tM t~rm of th~ cndit: (a) L f0? CrWit ~~h In~utine~ (b) t fot CtidR Uh i 01s~p11ity fnw~~ne~
Ch~ek ~ C~~ ~f~ inwnnu is d~stnd o~ thi"TH~ d ~~n~
~pp~• ~ Cndk Lih ~ dsability Inwnna Is d~sind w+
Box
~ Chdk LH~ and/or OisaEility Inwrsnu Is not d~slnd_
toat~l ~ly 1 S ~ 19 70 ~s+s~~tun1 . -
AOdittons t0. ?~ductlons or ~xeh~ntes d. w substituttons for tM Co11~tKal piY~nta o~ ~ocount ot thls losn w Incnas~s ot tM s~m~. or dMr
-
toans m~ partially or wholi-y upa~ tF~ Cullat~nl. rnay irom ti~ to tirn~ bi enaQa wtthou[ ~ff~ettni tM prwisiais of this noM: B~nk rNSO~-
able urr in tM custody snd pr~s~rvatian of tM Collatersl to tM uct~nt re~ulnd by spplicsbl~ ststub. ~n0 shsll b~ dNm~d to luw ucNCENd ew~w~abb
can If k tsk~s weh setlon for that purpos~ as Mak~r shatl nssonabty ~qwst In wrltin~, but no omisston to do any set not nqupbd br Nak~r shNl b~
I de~med ~ fallun to enercfs~ nasonaW~ can. and no anlssion to complY wtth aey rpu~st of M~k~r shsll ot RsNf b~ dNm~d a hllur~ to ~acMCip n~son-
abl• earr. Bank sAsll not D~ bound to tata sny sttps n~easssry to pr~rw any ~i~hts In th~ GollatKal aplnst p~iw psRl~s ~nd Malr~t sMll talo~ all ~Ma
j essary stps for sueh purpos~s. Bsnk o? ks reominN nNd nd eolNet IM~hst on or prineipal oi anr Colbt~nl or ~iw sny noNe~ whh e~pKt to (L
If tM Collat~ral sAsll st any tim~ b~com~ unsatistsctory to B~nk, Malw shal~ withtn on~ day sR~? dtmsnd plulp and d~posit wkh Bank as p~R of
~ ih• Collstsral addkionsl Prop~rty which ls satisfsttory to B~nk
~ If Bank d«ms itssff Ins~cun, or upoo th~ happ«?In~ ot sny of th~ tollartn` ~wnts. ~ach o/ rvhkh shsll cot?sUtub a dttault hMwnd~s. ~d
~ Iiabilitl~s of ~ach Yalc~r to Bank shall GMr~upon or th~naR~r. at tM optlon of B~nk wRhout notk.~ or d~mand. b~eom~ dw and p~y~61~ t~llun
E ot sny OWi`or (which tsr?n shsll m~sn snd includ~ ~ach Malc~r, ~ndors~~, wr~ty and tuarsntor oi tAis nd~) to p~riorm any qrNrt~t Mhund~t. to
~ pay int~nst h~?wn witAln t~n dsys aR~r it is WIIW w otMrwls~ nqwst~d w d~mand~d. or to psY sny odNr liabitity wlutso~v~r to Bs~k wh~n du~ (b)
t th• dpth of ~ny OWi~or; (e) th~ fi18n~ of any p~tkfon und~r tM 8ankruptey Aet. or sny simila~ f~d~r~l or stst~ statuN, Oy or asalnst any OWisw; an
~ aPPfication for th~ appointm~nt of s racNv~r for. tl+~ maki~ of a t~mrsl ~ssl~nm~nt for th~ ben~fit of tnditors py. or tM Insolv~cy of ~nY ObU~or;
th• N+try o~ a jud~ema~t ~pinst any OWiaor (fl th~ iuuins of any attachm~nt or pmishm~M, or tM f~lins of sny tien. ustnst •ny proff~rtr of sey
~ OWi~or; tM taldn~ of possession of sny wbstaMlal psrt ot tM ProptRy of aey Oblisor st tM Instanc~ d sny <ov~mmMtal authorlty; (h) tM dts-
so:utfon. m~rpr. consotidstia~, or r~anizstlon ot ~ny OWisor. (q tM auisnm~nt Oy any Malc~r M sny puKy te sny of tM Cotlabral ~Athout tM wrlttM~
~ consa~t of Bsnk.
B~nk shall Aav~. but sMll not D~ Ilmited to. tM followl~i ri~b. Nth of whieh msy b~ ~x~rcis~d at any Urn~ whMrhK or nd tl~Is nob b Au~ (q
to pl~~ or trsnst~r thls ndt snd tht Collat~rsl a~d Bsnk sh~ll tMnupon b~ n~i~v~d of aU duties and nspa~siblliNn Mewnd~r and rollw~d from
any and sll IiaEilfty with r~spact to sny Collat~rsl so pl~~d w trsnsf~r~d. and anY p1~N or t~snsf~n~ shsll fw all purpos~s stand In tM plao~ of
Bank Mround~r and Aav~ sll th~ ~shts of Bsnk Mnund~r, Qp to trsnsfN tM whob or ~ny paR of tM Coilat~nl into tM naeM ot itstlt or Its nanln«:
(iii) to vot~ tM Colbtent; (:v) to notify tM oWitors oe any CollstWSl to mak~ paym~nt to Bank ot any amounts dw or to b~win~ 0w tMrron: (rl to
demsnd. sw-~or. edl~et. or mslu any
compromis~ or
s~ttlem~rR ff~ib~ntii -Q~tl?ibt~ rfth rshnnp t~tM t3olt~ttrsl:-teM <v4) !e !!ik eentrol Ot any pra~~~ds .
of Colbt~nl.
Bank is M?~by ~fw+~ a li~n upon and a s~curity int~r~st in aIl ProptrtY of ~ach OWi~or now W at ~~y UrrN h~nsltK In tM poas~ss~oe o~ Bsnk
in any ppscity wfiatso~wr. Includin~ but not Ifmit~d to s~y pslanu w shan of any dposit, trus~ w s~u~cy accaxK, as s~curlty fw tM p~ymMt of
t~is note, and s simils? IiM upon and sacurity IM~r~st lo sll such p+op~Ry of ~sch A/afur as s~eurity for tM paym~M o/ all dhK UaWlltbs ot wch 1Aakst
to Bank (includirK IiaWliti~s of ~~ch Malar snd any dMr p~rson): and Bsnk shall h~w tM sam~ ri~hts as to such propkty ss R has rrFth r~sp~ct to tfi~
Co~lateral.
~ If 8snk d«ms itseH ins~cun or upa? M~ occurreoq ot any d~tault Mtiw+d~r Bsnk shall hav~ the nm~df~s of s s~cund party ueel~? tlN Unl-
~ torm Coenm~rcial Cod~ snd, rrithout limitie?~ th~ ~en~ntity ot tM tor~oln~. Bank shsll hav~ tM risl?t. (mrtwd(atNy and wklwut turtMr seUo~ bY K. to
sat otf a~sins: thls naN sll moMY owW by 8ank In any qpaeity W Neh or any OWi~w. wh~tfw~r or not dw. and alw to Nt off ~pinst ~fl oth~?
~ I~abilitip of ~sch Mak~~ to Bank sll mo~ty ov?ed by Bsnk in any csp~city to ~ath or any Mslc~r, ~nd Ba~k shall b~ dNm~d W hav~ ~x~cls~d such
n~ht d set-oH and to hsw msd~ s cAsrp ssalnst any such mon~y imm~dlatMy upon th~ xcurr~nu of wch d~fauK ~wn tAou~h wd~ cMn~ Is mad~
or eM~nd on th~ books of Bsnk wbspwnt tA~?~to. Unl~ss the Collat~ral is p~rishabN or thr~st~ns to d~clin~ spa~dfly In vslw or Is of s typ~ tus~
3 tomarity sold on a reeotniz~d mark~t. Bank wilt ~iw Malc~r nssonabN notie~ oi th~ tirM ~eM plsu of sny puWle ssq tMhM o? of tM tlm~ ~ft~t wMeh
any privst~ s~N w sny otMr iM~nd~d dispositton th~reof Is W b~ mad~. TA~ rrquir~m~nt of nssonsbN noHu shaH b~ m~t H suth nodu Is ma1Nd.
~ posts~t pnp~ld. to ~ny Msb~ at tM sddr+ss ~iwn btlow w at any otM~ addr~ss sAowo on tM ncoMs M th~ Bsok ~t N+st tiv~ daYs bNo~+ th~ tlrr~
~F of tM ssq w dispositiw~. Upon dfsposition of any Co11sNn1 sRn tM oecurrenc~ of sny d~fsuR Mnund~r, M~k~? sNall b~ snd r~maln lia anY
defici~nc~r; and Bank sAall sccouM to 6Aalcer for any w~plus, but Bank shaD hav~ th~ rl=ht to apply dl or sny paK ot wch surylus <w to hold tM s~rM
~ as s r~~ sasl~st) ~ny and all oth~r IiaDiliRi~s ot esch or any Ysbr to Bsnk
No dNsY w omlaslo~ on tM y~t nF 9!~k Ir. ~[ercitii~+i ~~Y ~iM h~nurW~r shdl op~r~ts as a wsfwr of suth ri~t o~ of MY otMr ~ht u~dN
this not~. Pr~s~ntm«K. d~nd. P?atKt. notlc~ of dfshanor. snd ~r?slon ot tim~ witfwut ootiC~ a~ hKbY wslwd bf~ ~stA and w~~Y Oblliw. TM
OW(~ws, jWMry and swenlly. promts~ snd a~rM to paY stl eosts of eotNctfon snd ~ttom~ys' i«s pwl to ID~j ot tM V~~WI wm w sueh Iar~N
amounts ss may b~ rMSwubl~ and ~ust incurrW or pald A~ Bank In Mforc(n~ this nob ~Kwn tM octurr~nc~ of a~y d~hult. My notlc~ to MHw shall
b~ suffld~nty s~rwd for ~II purpos~s if plsud In tM ma11. posts~~ pnpsld. sddrqs~d to o~ tMt upon tM p?anls~s at. tM ~dOms sAown b~low p~ny
ah~r sddr~ss showm on Bank's nCOrds.
Mak~r scknavlW~~s rroNpt ot s tompl~t~0 eoPY of thls Nob on tM abws d~H. ,
Ap~~; 212 ~forth 37t6 Street /s/Wtn. A. Cleveland, Sr. ~y '
Bort Pierce,_ Florida 33450 g~~~~ ~ cs~?y
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