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Home My WebLink About1879 ' . 1.... a. 1 ' ~ 6D NORMAIV, Irene K. ~ COLLATERAL h10NTHLY REPAYMENT NOTE No~ 3 4 ~ -19 ! ~ ~1939.36 NORTH 611AM1 BEACN, iIORIDA_ _ OCCOber ?4s__, 1g 7? Th~ undeni~n~d (aod if mon than ons, ea~.h of them jointly and severatly), herein caited "Maker," promises to pay to th~ order of PAN AMERIGAN BANK OF DADE COUNTY hereinakar called "Bank" at its otfics a~~H~p.~4M1 (o~ at s~o~rw piace as th~ holder harwf msy designste), tha M.~ A1~ R ~ ~ ~1 j ~ ! f OOLUIRS (TOTAI OF PAYMENTS) sur~ oL ~iA~ -CID.-~?r ~a iR 3fi monthly instalments of i SS _2(i__each, on the___~t~__~--_day of esch successiw month commsncins on November 19~19 72 , together with a BALLOON PAYMENT in ths amount ot S du~ on October 19, lq_]S" and will pay lats charQes not to eaceed ~J ~~p of tho amount of any principal payment or payments i~ detautt. All payments mad~ h~reunder shall be credit~d fint to interest and law(ul chaiges then accrued and tAe remainder to principal. The amcunt of,t~is note includes tAe proceeds of y~,is~,~.~.-plus otAer CAar~es c~x~~~ Doc Stamps(3.00)Life Ins(44.77) o~ = G7•77 c,.,~~c;~s i„ a~ AMOUNT FINANCED of ~ 1631.88 ) plus a fINANCE CNARGE ot s 357.•'+8 (which amount includes intarest of i 357 .48 credit Iite insurance onmium of S -n- -_~nd credit imestiastion cost of i -~1- ) nsutting In an ANNUAL PERCENTAGE RATE of ~3 . 25 Tha Maker hss the right to p?epay this loan in futl and oDiain s refund oi th~ unearned portion of the finanee chsrQ~ computed under the "Sum of the Digits" method. As used hereiR the term "Coflateral" shatl mean and include the following prope~ty which has been or is hereby pledged, assigned or conveyed to, or deposited with the Bank:~lort~aQe of ~yPn Date and any and all other property ot every kind or description now or hereafter in the possession or under the control ot Bank tor arty reason, together with all additions and substitutions hereafter pledged to or deposited with Bank, and incfuding alf cash. stock and other dividends and aU rghts t~ subscribe for secunties incident to, dectared, or granted in connectien with any property herein above described or referred to. As usett herein "liability" or Irab;?ities" means and includes this note and all obligaiions and liabil~t~es (primary, secondary, direct coniir.gent, sofe, joint or seve:at), due or to become due or which may be hereafter contracted or acquired ot each ~ ~~'aker (incluciing any 6laker,tiFrd any other person) fo Bank. Wiaher war?anis anJ aQ?ees that F3ank has and shall have a lien upon, security title to and a security inierest in all the Colfateral as seturity for the payment of this note and all liabilities, including any ex!ensions. rene?vals or changes in torm of any thereof. 7he svrrender of this note. upon payment or otherWise, shall not af/ect the right of Bank to ~ retain the Collateral for any other liabilities. CREDIT IIFE AND CREOIT LIFE 6 DISABI~IIY INSURANCE. ARE VOlUN7ARY ANO NOT REQUIRED FOR CREDtT. Such insurance coverage is avaita~la a! the V ccst designated De~ow tor the term ot the credit: Ca) S._ 44' 77 for Cre: ~t L~fe tnsurance ~b) S-__ ~or Credit Lite 6 Disability Insurance XR,~C Credit Life Insurance is desired on the li(e of Ir~L1~ _Ki_NQXIIISII B~Khdate_Z1Q=~ Check - 3 Apa~• u Credit Life 6 Disatrility Insuronce is Cesiredon_ Box • ~ ~ Credit life and, or Disab~Iity tnsurance is not desired ~ Date) ~.~~~~4~72 (Signature)_ ~ l-~- - r- ~ ~ Additions to, rcductions or releases or exchartges of.IorFS~s!ifu'tlo~~46r Z~e Collateral. payments on account of thls foan or [ncreases of the same ~ or oiher Ioaos made paRially or wholly upon the Collat~?at, may trom time to time be made without aifecting the provisions of this note. Bank ~halt ~xercise reasonable care in the eustody and oresenaticn of the Coilaterat to the extent requi:ea 6y appticabte statute, and sha~l b~ ocemea 2~ have • exerclsM Ka3onable care if it takes such action for that purpose as ylaker shall reasonably reauest in wrifing, but no omission to do any act not requested by MaF.er shatl be deemed a f3i~ure tc e.ce+cise reasnnab:e care. and no omission to cornply with ~ny request ot ~.laket shall of itseff be ~ deemed a tailure to exercise reasonabfe care. Bank shall not be bou~d ta take any st~ps recessary to przser~e any ?ights in !he Coltateral a4airtst orior parties and Maker shalt take all necessary. steps tor such Durposes. Bank or its nominee need not eollrct interest on or princip3l ot any Col• ~ lateral or give any notice with respect to it. tf the Collateral shall at any time become unsat~siactory t~ Cank, iv,aier sha71 w:ttin a:.a d.:y atter de- mand pledge and deposit with Bank as part of the Collaterat additionat property which is satisfactory to Ban~ ~ Bank Is hereby granted a security interest in afl property of eaeh ODligor (which term shalt mean and inc!ude each Maker, indorser, sure.y and ~ guarantor ot this note) now or at any time hereafter in the possession of Bank in any capacity whatsoever, inc~u~~r.g but not limited to any balance ~ cr share of any deposit, trust. or agency account, as securi2y for the paymen! of this note. and a sirt~ilar security interest in aIl such property of ea~h Maker as security tor the payment of all other Iiab~Iities; and Bank shall have the same rights as to such propeRy as :t has with respect to the Collateral. Bank shatl ha~e, but shall not be I~mited to. the following righis, each of ~rhich may be exercised at any time whether or not this note ts due: A {1) to pledge or trans~er this note and the Collateral tnd Bank sha~l thereupon be relieved of ail duties and respons~bilities hereunder and re~ieved ' from sny and all liab~lity wi;h respect to any Co~lateral so ptedged cr trar.sferred. and any pledgee or transteree shall for all purposes s;and in the ~ p!ace ot Bank hereunder and have all tAe r~Qhts ot Bank hereunder; (Z) to trans~er the whole or any part of the Coflateraf into the r.ame cf its>Sf or i±s nominee: (3) fo vote the Collaterat; (4) to not~fy ine obligors on any Collateral to make p3ymer.t to Bank ot any amounts dv_ or to tecome due ~ fhereon; (5) to demand, sue for, coltect. or maRe any compromise or sett!ement it deems desirable witn reference to the Collaterah, and (6? to take ~ossession a~d control e/ any proceeds of Cotl~teral. ~ The happening ot any of the tollo.v~rtg events shalt constitute a Qc`autt hereunder. (a) failure of any Obtigor to pay In tull any I~stalment ~ ~ payaSie Aereunder promptly ~hen it becomes due: (b) failure of any Ob:~gor to pay in fuil when du~ any ~ndeGtedness, obSiRation, or liabi!?ty :o B~rk whatsoever, or any instatment the~eot or ir,terest thereon: (c) (ailure of any Ob.~6~r ta pe?tarrn any agreement F.e.eu~der (d) the d?ath of ar.y Otl:~ar; ~ (e) any Obligor becomes insotuent or any i.^.solve~ty proceedings (as said terms "~nsei~enY' and "insolvency proceedings" are definc-~f in ::ze Ur.itorr~ Commeraal Codr) are ir.stitu!ed or made by o. against any Obfgor, or a~~t+^ation for the appointment of a receitier for any Obl,gor o? for any ot tha assets of any Obtiqor, the issuir.g of any attachment or garnisArnent, or the t~ting of any lien aFainst any property of any G6l~gor. If at any t~me any warrant. represen:ation, certificate or statement of any Jtt~gor (wnether cuntained in this note o~ not) pertaining to or in connection with this ~ote or the Ioan or cred:t e~iCenced by !his note, is noi truc. or upon the happening of any event of dE(au~t as .'afined lerein, o~ i( Bank at any time feals i~sewre :or any raasun «hatsoever. (i) the entiro amount ot tnis nute remaining ~npa~d, :ess the amount of a:y cnca:.-._o ~ fnterest or discount and any reCates reGwred by ta•s, shall become due and pa,at'e forhwith or thereafter at the option of the Sank and wit~o:~t not~cr ~ or demand (and in no event and under no c~rcumstances sha~l Bank or any hclder hereof be ent~tled hereunder to unaccrxd or unearned irtterest or e.her charges, and in oo ever,t and under no circumstances shatl Bank or any hoiGer hereaf be er,tiiled hereunder to reeeive at any time any char~es ~ not aliowed or permitted by law or xny interest or interost rete in excess et the max+mum eliowed by law?: Bar.k rnay, a! its op:ion, tnzreupon or thereaker dec(are all other ?abilities, or any of them selectec! by Bank inotwiths:anding arty previsions :hereof), immediately dus and pa~ab:a ~ xithout demand or notice of any ~~nd (but with such adjustments, if any, w~th respect to any interest or other charges as may br provided for in the promissory note or c.her wati~.g e~idencing such. ~iabi':ty; (iii) Ba~K shali ha.e and m,ay exercise w~t`~:~t damand any ard atl !!:e rights ar.d reme9ies grante~: to a secured party upon de:au~t ur.Ger the Uniform Co~nmercial Code or otherxise avaifable to Bar.k (including those available ~ under any written instrument in addition to this note relating to any cf the Iiabilities or any security theretor) and, without iimit~ng t~e ~enerality ~f the toregoing, Bank shat~ have the right, ~mmeCiatety and withaut turther act~on by it, to set off a~ainst t:~is note all money o•+~ed by B~^.k ~ in any Capacity to each or any Obt~gor, whether cr not due, and also to set atf agair,st aIl other IiabiGtes nt each !daker to Ba^k a:l m~ney o:red ~ by 3ank in aoy c~p3city tu eac'~ or a~y id.;~er. ar.~t Ba:~ic ~~a~t ~~e d:~-3e~ `•=-e e,ccrc:sr~ :uch :i~,!:t nf ._.asE ar,~ !o t.a:e r^~Ca a c!i~r3e ~~a~n;! ar,y such money immed~a*.ety upon the occurrence of such defauit or otner event even tho~Eh such cnarge ~s made or enterrd on the ba~ks ef Bar.a ~ suCsequent thereto: and ~,iv} t~e Obtigors. joir;ty and severaily, promise and 3gree fo aay all expenses ot 3ank i~ the CeHectioo cf ihis no:e and in th.e enforcement of rights hereur.^_er and in tAe er.fercement ot rights unCar or WfIII '05PPCL to a~y of •he CoI'a'ero~. ~nc:ud~ng re3snnat!e attxne;; fees. Any proceeds ot any Colia:eral or of any d~sposit~on of any Cc:laterat may te appi~ed Dy Bar,k to the payrr.znt of expenses in cenrtac!~vrt n,en ; t5e Collateral, inttuding reasonabie attomeys' fees and fegal exoenses. Ii any notification cf inte~ded disposdicn of any of the Coilate:al is re~uirrd by faw, all reQu.remer.ts of reai.:nabte ~o!~~e shali be met, and sucb not~ce stee,i Se aeemed property f~~cn, it at least tive days beTo:e such a~;~cs+- ~ . cn s~eh notice is setie~l cr. ,~e a~e< <n t`.a mar•,er t.ere~n pro.:C<~. Uy_.~ c~~aas!t~cn of any Ccur!erat S:aker shail De azd remr.~ fiatle t.r ~ oehciency; and "o~~:K sDi 1 3ri:lJ~,[ to :'a%'r ~~r a^y surp'.us, ,^,~t $~nk sti~i: na:e ~he ng::t to bpp!y .+!I ur any part of sucr surpws to tn? pay- t of ~.,ti,~.,~5 . . _ t.,e.. z~ ~ o•~~• of ,.rr•..;•- •s 6arM trom tirn• to t~ " e~~~~' - ho de'zy er crr.,_._ 'tie p.:-tFef i.. cvc _ _ : ~ :~`~t here:.ir--• - c~er.._ a, . . ~~.cr cf r.~t.t or ot ary oihcr r,~r.t _ . . ~ s note. If inere :hs^ ~ne pary sh3if cR .`.s .~t~~, ihayte~n "•.'aMef snaif inejn all par,~es s :.~g th~s ncte and each of tFeT. j; c.:~ a• d;.. e~~^i. !s cse= fe-~ •.,e L . } ` . - : c .d. , ~ ...:1 SR~'} ~-ra a^~ 'he = .'..'r.. ~ .d any .z~r. ar . ~ v<nder, sha8 ~r.dude ati ge~ders. Any ._c~ce te• tL~aer ~nai1 bensutfi=:ent~~ served^for a~t purposes ~f ,~'aced in the ma:4 pcstage pre~~.;:, a^^rrsaM to. or ~•~t ur^n tnt ervm~s~< a.^~-P;s ~h~N~ he.aoo or -fnq ,•ho. a~iress anre••:rp en B~nK'~ .rcords. ~ tilaker ac~no~9eoges r~ceipt of a cem; ~eteC ccp~ of th~s rtote or. the abc~e a~te. ~ 24Q686 A~DRESS:___1~~a~;~,'~Q2_Str;et Irene K. .~ot-~^ati~ --~S~i~} F~~ED AHD kECOR0E0 `Iia^i, FIa. 33~'~7 ST.IUCiEC0UNIYFLA_ encF~ ?~tTR~S ` ' CLfRK Ci~;;U1T COUAT ~ RF.COR~ YERr~~EO~_ _ _ _ _ _ ~,~aL Oet 26 I 4~ PN'?1 tc~oK~7 PacE1~?$ , ~,.~y::: ~ ~ . .:F~~~~. .:i=,