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L 6 O 69-IOOR-R~ord~~ Irom: Fo?~ Lin~ Syst~ms. Bmc 1l527. Tampa 33604-a)2•7934 Rsvls~d 12-69
COLIAIERAI NOTE-SINGIE PAYMENT
, ~
t 4.000. 00 F~ pie~ce. I~lorida February 8 , 19 71
Janusry 4, 19~2 aRer date the urtdersigned (and if more than one~
each of them jointlr and severally). hereinafter ca!!ed Maker. promises to pay to the orde? of
ST. LUCIE COUNTY BANK
at its oNice at F~ pie c E'orida he~einafter called Bank ~
Four Thou~aac~ ~Sol~ara and I~o/100----------
~~a~ DUE
4. Q00. 00 ~ L. ~ D. No.
cwnkn .~ow+c ~x~~w.s ~«..a. ot s~ a"`4`~~'~
- - - - . . co..e e.~ Q
of i _ ~sultlns in AMOUNT FINANO~~t ~~t~ ~~tK~st ~t s~ ANNUAL PERCENTAGE RATE o~
wn~~n ..suns i~ a fINANCE CHARGE ~r i cco~~.a w+ . s montn m.:~.ny. ~r d.:,:na ooupe~a,?. u ~a +~,u~w.a ,eo,w, oe+,.,
cA~rpa_ ~ in tM amount of ! !uw MM~ eWhetW frpm MakN. As
M)
:.~~.;t~r fo. cn. ot tp~s ea. ~,1~ n•eQ C71LTle ina ~V~Caive~~aww~ns prop.rtr• '
°~~eact cross D!
1 br
f~ncluding sN cssh, stock and othsr dividends and s!1 rights to subscribs for securities incide~t to. declared or granted in eonnecNon with
such property), wAicA property, together with aff additions and substitaiiores h~r~,atter pfedged or d~positsd witb Bank is cslhd M~ Col-
tateral. The Collateral is also pMdged ~s security for atl otAti NaWlitiss (primsry. sacondary, di?ec~ conting~n~ soN, joi~t or s~vtral),
due or to become due or which mar Da Aeroniter cont?acted or acquirtd. o! eacA Maker (including ssch J~/aker snd any oth~r pt~sort)
to Bank The sur~errder oi tAis eote. upon p~srment o~ atherwis~ shall not aHect the right of Bank to retsin th~ Co11aMn1 /o? such other
J~abilities.
CREOIT LIFE AND CREDIT LIFE i DISA8ILI?Y INSURANCE ARE VOLUNTARY /WD HOT REQUtREO FOR CREDIT. SucA Inwranc~ eowrap Is swilaDl~ at tlw
cost d~si~nat~d beiow for th~ t~rm oi tM endit: (s) S ro. c~w~c ua +~:~.a~e. (b) i fw CrWk Uf~ i ds~bility Inwrsne~
fheck ~ Cndit lit~ Inwrsntt !s d~si?~d on !M Ilfs _M
App~• C»dit Lih d. pisability Inwr~nq is d~sir~d q~
Box
~ li~rrnd/or dsabiltty (nsursnc~ is not d~sir~d.
,Dst~l ~ LSi~n~tunl
Additia~s ta 'hduct~ans w~el+an~~s of. o? su0stitutions for fM Cotlat~rsl pa~~ta on aecou~t pt tMs loan w ine.sasq ot t1N saen~, or otAK
b~ns mad~ part?a11y w.vhoUY upon t!w Coltat~nt. m~r from tim~ to tim~ p~ msd~ without aH~etir~ tN~ provisions ot tAla nab. Bank shall ~uecls~ ~eason.
aDl~ ur+ in tM custody snd p»s~rvatlon ot tM Collst~?~I to tM ~ct~nt tiquind by applics0l~ ststut~, a~d siwll b~ dMm~d to har~ ~ctrclsrd tiasonabb
csn H it takts such ~ttion for tMt purpos~ as Mak~r sAatt rpsonaWY nQVest f~ wAtins, but no pmission to do any sct rwt rpyytW by Mslc~~ shtN b~
ds~mW • failun to ucercia~ Rssonapl~ can. ~nd rw omissioe to eomplY with any nqwst of MalcK sASll oi itsNf b~ d~an~d a f~ilu~ to ocWdN nasan-
sW un. Bsnk shsit nd b~ bound to talc~ any st~ps n~t~ssary to pr~sMw any ~thts in tfN Coltat~rsl ajsinst prior parNts snd ~IakN shatl tab all nw
ess~ry stps ipr such puipos~s. 8ank or Hs nomi~ nNd not eWl~et int~rqt on or pNneipal of s~y Co1lat~ral or =iw any noHe~ w{th rqp~et tp K,
If tM Co1lst~nl shsll at sny tim~ Weom~ w?satisfsctpry to @ank Mslur shsll witAin on~ dar aft~r d~mand pIW~~ snd d~posit with gank as p~R of
th~ Cpl~at~nl addttionsl ptop~Ry wAith is s~tisiictory to Bank
If Bsnk Owms its~if ins~cun, or ~pon th~ hspp~ni~ pi sny p( tM tpltarir~ ~wMs, ~ach pi whiih shsll constitut~ a d~fsult M~wnda~. NI
iisbilities of ~ach Mabr to Bank shsll tMrwpw~ or th~rsaR~r, at tA~ option of Bank, without notic~ p~ d~mand. b~com~ dw aed paysW~: (a) faiiun
of any ODfisw (wAicA ttrtn shall m~art ana entlud~ each Maker. ~ndors~r, wnly snd susrantor of this nd~) to p~rform ~nY seti~rn~nt MhundN. to
pa~ int~rost henon rrithi~ t~n days siter it is bi11W or dMrwis~ nqwstW o+ d~mandsd, pr to psy sny otM? Nabilfty wh~tswv~~ to BsMc Mh~n du~; (p)
th• Gsth of any Qblisor; (c) tM flli~ o( any petition undN tM 8ankruptcy l~c,t, or sny similar ted~ral or stet~ statut~, by or ssalnst s~y Obiiiw: ~n
appliution for tM sppointm~nt oi s rK~iwr for, th~ makint of s s~n~rsl sssisnm~e~t fw tM b~~~flt o/ etiditon by. or tM insotv~ney af ~nr Opll~; (s)
the ~Mry ot a juds~m~nt stainst sny Obli~or, (n tM issuint M sny sttaehm~nt w prnishm~nt, w tM f~lir?~ of any li~e~. ataintt ~ny p~op~Ry pf sny
~ OWi~ar, N~ takint of posstzsion of snr suDstaMisl paR of tR~ Drop~rty oi sny OWitw ~t tM instsnc~ of •ny <mr~mm~ntal authoAty; (h) tIN dl:.
sofution. m~r~K. consulidatioo. or reor~a~ization of ~ny Oblisor, (i) tM aasf~nrrNnt by sny ~Aabr of sny puity In any ot tM CoHat~ral without ths MrKtM
cons~nt d Bsnk
; Bank shall havr. Dut shsll not p~ limited to. th~ followtn~ riSMs. weh pf wAleh m~y p~ ~xereisW st snr tie»~ ~fi~thN ur not thy nob fi dy~e (p
i to p{~0~~ pr transf~~ this note and tha Collat~rai snd Bank shall tMnupon b~ nli~v~d of sll dut~~s a~ nspons{biliti~s M?~und~r and nlNvrd trom
any and aH Iis0ilKp witA respect to sny Cpltst~ral so pltds~d or transf~rr~d, snd sny pled~ee or tr~nsf~~ sAs1t for ~II purpos~s stsnd In th~ plsc~ Of
r
Bank Mreunder and have all tA~ ?i~hts oi Bsnk hertund~r, (p to trinst~r tht whol~ or any paR of tM Collst~ral into tM nam~ o( itsNt or fts ~ontlnN;
E ;~~i~ to vot~ the Collateral: (ivy to not~ty tM oWi~ors on any Collabrsl to mak~ psyment !o Ban4 of sny amounts dw or to D~coms ~w tMrwn; to
~ aemand. sw for. coll~ct, or malu sny compromis~ or s~ttl~ment it dNms d~sinW~ rith ~~t~hnce to tM Collabral: snd (vi) to blu control of sny procNds
ef Collatersl.
E 8ank is Mnby siwn a li~n upon snd s s~curity iM~r~st in iil prop~rty o1 ~ach Oblitw now or st aar tim~ Mnafbr In tM poss~ssion of Bsnk
e ~n any upx~tr rAatswwr. ir?cludin~ Dut not IimitW to any balsne~ w shsn oi any d~posR. trus[. or ~s~n~y aewurK. ss s~turity for th~ paym~~t pi
th~s note. and a simiisr Ii~n upon and s~cu~ty irtter~st in aN sucA property o/ ~sch ?lakrr ss s~curity for tM paymv~t ot ~II otMr GsWlitib W~sch Y~k~r
~ to Bank (intludint li~piliti~s 01 ~sch Msker and sny dMr p~rson); snd Bank shsll hav~ tM asrra ritMs ~s to such prop~rty ss tt hss with rssp~ct tp th~
~ ca~at~o~.
f H Bank M~ms itseM ins~cun or upw~ the oceurrsnq of snr. d~fsult MrpinO~r Bank shsll hsw tM r«n~dies pf s srcu~d party und~r tM U~l-
i tartn Comrn~rci~l Cod~ s~d. without I~mitint th~ tene~alrty of tM forKpint, Bsnk sl~all have tM ri~ht, immWiat~ly snd vrithout fuRMr sttion by it, to
i stt ott a`ainst this nob aN money owed py 8ank i~ any upscFty to ~sch or sny OWisor, wA~th~r or not dw, snd ~ISO t0 s~t off apinst all dh~r
; i~abirt~es of uch Malc~r to B~nk s{I monep o,.ed py g~~k ~~y esp~city to ~ach o~ sny Mak~r; sna 8snk inall b~ d~emed to hav~ ac~rcis~d wch
t nQM of sNoH snd to hsw made s chsr~~ ~gainst sny such mon~y immWist~ly upa+ tAe occu?rinc~ of wch dsfault ~wn thoush such cAarse Is msd~
o~ arterso on tM Dooks of Bank subspwnt tAsr~to. Unl~ss 2M Collatenl is p~rishsbl~ or thr~st~ns to d~cline sp~dily in valw or Is of a typ~ cus-
- tomanlr iold on s r~cotni:ed msrket, Bank w~11 tiw Msk~r rtasonapl~ notic~ ot th~ tirrN ~nd plsc~ of any puWic ssh tA~rWt w ot t!» tirtN sRN whleh
any pnvst~ ssN w any otMr int~nC~d d+sposition th~~eof is to p~ msd~. Tb~ nquinm~nt of r~asonsW~ not~c~ sAat1 b~ m~t if sucA notic~ is msi1W,
posts~~ pnpaid, to any Mslc~r st tM sddrtss ~iv~n bNow o? st sny otMr sddrtss shown on tM ncords of tM Bank st lesst flw dsys befon tM t~m~
- of t~~ sal~ or disposition. Upon disposRion oi ~ny Cotlat~rsl ait~r tM otturrenc~ oi any default h~r~und~r, IMakK shall b~ snd r~msln IIaW~ tor any
dsfidsncp; ~rW Bsnk shall ~ccouM to Maker for sny wrplus, but Bsnk shs11 Asvt tM ri~ht to spply •II o~ snr psR of such surplus (or to hold tM s~rtN
as s r~rvr assfnst) a~y snd sll otMr I~~bliti~s o/ esch or any ~Asbr to Bank
Ho AMay or ornlssion on tM psR W 8ank !n e:~rc)sfns sny rl~t h~nund~r aAail opersb ~t a rslwr Of sutlf risl?t or of ~ny oth~r r{~ht undK
th~s not~. Wrs~r~tm~nt, d~msnd. prot~st. natk~ 01 dlshono~. snd ~xt~nsion of tim~ witAprt no~ict an h~nby w~Iwd py ~ach and twry Obliror. TM
OD{~~ors, ~ointty ~nd s~ralfp, prpnis~ •nd s~rM to pay aN costs d toll~ction and sKom~ys' tNS puaf to l~~j of tM princlpa! sum or sucA lars~r
amounb +s r+~ay b~ reasonsW~ snd just Ineurnd M paid Dy B~nk In ~~torcle~ tAfs nat~ upon tM oeturr~nt~ of ~nr d~fsult. My notlt~ to Mak~r sAall
b~ sutfici~ntly s~n~d for sll purpos~s if ptsc~d in tM mafl, posta~~ Dr~paid. sdd?~ss~d to or IsR upon tM pr~mis~s at. tM sddnss shown bdorv o? any
ot?»r sddrsss shown o~ Bank's ncords.
^ Ma1ar scknprr{~~s r~ipt p( a compt~t~d copy oi tMs Hob on tM aEow dat~.
f Route 3, Box 490K, F~ Pierce /s/ Charles W. Hamner
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