HomeMy WebLinkAbout0171 FIAST NATIONAL BANK OF F~AT PIEACE
NOTE ~
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Fort Pierce, Florida , Ma?rch 1 ~ q 7 2 , =15, 000 . 00______
The undersigneci (jointlv and severoliy, if more then one) promises ro pay to the arder of
--------FIRST__ NATIONAL__ BANK.9F__FORT__ PIERCE-----------------------------------------------------=--
at the FIRST NATIONAL BANK OF FORT PIERCE ,(hereafter "bank'~ at its office at Fort Pieree, Florida, ths
sum of _F'ifteen_Thousand (_~15,_000.00)___-__-___-__-___- po~~an in 59
consecutive monthly installments of 5--- 307 - 77--_________, and a final installment of s_ 306_,_13_______________________,
on the __lst day of each month, commencing April__ 1_______________________,___, 19____~_2___, until fhis note is
fully paid. If the final installment is more than twice the amount of one of the regularly scheduled equal payments, it is a
bal~oo~ payment and may be refinanced, if at all, under the following conditions:__.~not___applieable~_ _
~ cash Advenc~ 5,15,~ 000,. 00
(2) Plus OTNER CNARGES (Not Part of FINANCE CHARGE)
(a) C.~edit Life Inwrance 5
(b! C~edit Liie & Disability Insurance a
(cl Official Fees 5 5...........................
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(3) Other Charges S.. . . .
(4) Equsls AMOUNT FINANCEO s,15.~.000.. 00
(5) Plus a FINANCE CHARGE (Co~utituting an ANNUAI
PERCENTAGE RATE OF 96? a,,,,~,,.464,.,56
i6) Equals Pirincipal Amount (Amount m be Repaid or Tot~ of Payments) s•~~+•~~~•~~~
My hold~~ of this note may declare it due and payabk whe~evK the holder has tt+e ripht ro do w under ~oy s~c~rify aq~Mment a WMr aprMrmM.
now w hMNftlf in effect, by which payment of the indebtedruss her~by npr~sent~d 'a sscwed; or the holder may declan this noM to b~ irnn~di~f~ip
dw if it deems itself insecure w ~pon tl+e insolvency. bsnkruptcy, dissolufion, dt~th a intampsM~ty ot any maka, indors~r or ywnnfor h~r~of.
Ah~r en~twity, this note sh~ll bear inrerest •t the h~gheat legal raro. If th~ mak~r defaults or is late in payinq +ny insalknent, tMe holdK ~MII b~
entiNed to coIIM a ptnalty cf+~rge not exceeding S~J(~ of tMe delinqvent princip~l payment. In ra ~vent shall any m~ker. indor~ or ywr~ntor of tK~
~ote b~ oblip~ted w p~y any i~terest M exceu of the ~mount permitted by law. The m~ker shall pay •11 cotfs of colkctinp this not~, inchrdiny ~
nasa~ble a»wnoy'a fea
This note may be prepaid in full at any time and a partial refund of the FINANCE CHARGE will be made oomputed by
; the "sum of the digits" metFwd, but the FINANCE CHARGE retained by the holder shall not be less than =5.00.
~ Credit Life and Disability Insurance is not required to obtain this loan. No charge is made for c~edit insurance and no
~ credit insurance is provided unless signed for beiow.
~
E The undersig~ed desires Credit life and Disability Insurance for a cost of S____________ for the term of the credit
° and warrants that his age is years_
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R
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~ Date
~ The undersigned desires Credit life Insurance for a cost of for the term of the credit and warrants that
his age is years.
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z.
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~ Date
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~ This loan is covered by a Security Agreement of even date aovering the following collaterol:
a
S00__shares.__of___common _stock__of_._Fort__Pierce__Funeral_Home,__P.A.__in__name of Dennis
~ - -
~ B_.___ Sui?m?erlin; _5UU _ shares of common stock of Fort Pierce Funeral Home, P.A.Held
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as__Treasury___shares - above described__collateral to_be released___u~on_~ayment of ~
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~ the first $6,000 in principa~
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ff a bank becomes a holder of the note, the Security Agreernent also tovers any of the undersigned's funds on deposit
? with bank from time to time and the Security Agreement will secure future or other indebtedness.
' j
The undersigned acknowledges receipt of a copy of this note, and agrees to all of the terms wntained herein. ;
- State stamps in amount of $22.50 =
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affixed to original and cancelled s/ Dennis B_.___Summerlin______ _________~qU '
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Installment-Secured '
_ FORT PIERCE PRE55
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