HomeMy WebLinkAbout1187 .
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SSA LOAN NUMBER
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~ CP 3ti2.754 lU ~)1 pf,'MIA
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i , ~ NOTE ~
' Miami Beach. Florida
tCtty ~nd sa~rJ }
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= 25. 000. 00 (p~1e~ Apx'il 12 ,~q T3
~ For a~slne tec~i~•eJ. thr uadersi~ed pmmisca to pay to t6e ocdet o( Gd!'Cl@r Bank Of :1rliami Beach
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(P~reel ' ~
' viiami Beach ~
~t irs oiCce io the citv al . State of Ftorida
o~ ;t kotdec'e, optioo. at such other ptacr as may be dasi~?ated from time to time by ~be hold~r' - - - ' - - - ' ' - ' - - - ' ' ' ' ' '
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'f1vEN7~ FIVE THOUSAND AND-- - - - --------------------no/L00 ~io~iars,
(Write out ampunt)
with iptereat oa uopaid principal compnted fwm the date o( each advaace to the unde~aigned at tl~e rate o( $ 3 f 4 percent
per annom. payment to l+e made in installments as tollows: . .
InstEllments, including principal ane~ interest, each in
the emount of $ 631, 00 , payabl~ monthly, beginnin~
t~vo (2 ) moaths from date, each said installment
, to :~e first a~plie~l to inte:est accrued ta t~~e Jate of
receipt of~sPid installment, and the balance, if an/, to
~rinciQal, and t:ie balance o~f princi~al and interest ~
ps•;ahle or. or 3efore four years fron date. ~
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3
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~ P~yment o( any ins~alimrnt nt prin~ipal or intrre~t owinR oa this Note may be madr prior to thr maturih• dat~ ihereo( Mithout
~ penalty. . .
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71~e term "lod~•hu•~lnr~." :~ti uti~•d h~•r~in ~hall mcaa th~ ind~•btedn~R+ Pvi~ene~•d trv thi. ~int~. including ptiucip.~l. interr~t.
aed e=pense4, rch~•th~s rontia~~•nt, now duc ot h.•reufter to brcomr due and wh~•~h~r h~mtoiorr or cunt~•m~x~raoenu~lv hrr. Nith .~r
here~(ter contrartPd. 'fhe tPrm "C~~Il~~er.+l" as uKrd in this Vote .halt m~an any (und~, ~var.mtir., ~~r o~h~t prup~rt} or rixht.
theiein of any natur~ whalso~vet or thrPtocPPds th~reo( which may have bcea, are, or herea(ter may br, h~•pv~~ecat~d, di~ectlv ot
indirecttY br the undersirnPd or othcr~, in ~onnectiun with, or as secarity (or. th~ Ind~b~~dn~~s uran~ pari th~rrof. Th~ C.~~Ilater-
al, and each part thereo(, sh:~ll .~cur~ the IndPbt~dness and each patt therco(. Th~ cov~n:+nt~ ~nd ~•ondition~ .~t iorth or t~icrred
to ia any and ull ins~rumcn~. o( hvp~~th~ca~ion ronstituting the CoUatetal are hen•hy incorpnratrd in thiti ~ot~ as coveoants and ~
conJitioa.r o( tbe uodrr~i;~cd v?ith ~h~ ti:m~r (orce and e(fret as ~houp,h ~nch coven~nls and enndi~iun~ ~~~•r• fully ~~~t (onh h~tcin. ~
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~ ~(U! ~O~IPbIC~Ip~•:~4 ~shall imm~diately b~com~ due and payable, without anti~c ot dcmand. upoa th~• ap~intment of a r~cPicr.r or
liqnidator. Nhrther ~oluntary or involuntary, (or the uadersiqned or (or aay o( its property, r~r upoa thr (ilinK ~f a petition by or
~ against th~ uodercip~••d und~r 1he ptevisions of any State insolv~ncy lew or under thr provisioqc o( the I;.mkruptcv Act of 1898.
as emeadeJ. or upon thP m.+kinR Mr tAr und~r+ipTi•d ~f an a4s+pAment (or th~ brneTit of it+ nod~tor~. Il~~ldrr i. authorized to de-
= clare all or any pan o( thr Im1rMr~In~•~. imm~di.~tely du~• ~~rable up~~n th~• happ~ninR o( .~n~~ ~~f ~h~ talloNing r~~~nt.:
~ (1) Failut~ to par :~ny part of ~h~~ Indrbt~•Jne•.r•~c whon du~: l2) noap~rfonnan~~ by thc undrr.i~rd of anv a~;r~•rmrnt ~~ith, ur an~ ~•on-
dition imposed hy..H~ld~t ~~r timall {iu~in.•~ti Admini+tration Iher~inriter ~•allyd "SRA"1. or rithor u( ~hrm. ~~iih n•.prct lo the la-
~ debtednes.: t3) Nol~l~•r's ~1i+r.o~r7 ih~ undr~x~~;n~d's failure in enr appli.:uion ot thr undrt~ipi~•d tu Il..ldre ur 1{;.~ to dtisciose
p aoy lact deem~d !w Uuldrr to b~ matrria) or of ~hr makin~ thereia or in any o( th~• .u~d a~;r~~~•mrn~x, ur in .~m a(tid.~~it or o~her doc-
~ utaeatssobmitted m ronnrction with v:~i~1 applica~ion or the iodebtcJness, OI 8tly IOIStr(1tC~rn~ation b~•, un brhal( of, or (ur th~ b~or
~ (it o( thr undPr~i~i•~1: (4) th~ rrorRaniza~ion loth~r thaa a teocRanization purtiu~nt ?o any uf tfi~• pro~itiion~ of thP Aankrup~ry .1ct oI ~
~ IH98. ev amrndr~ 1 ur m~•r~~•r or ron~nlida~ion o( thr und~rsi~qned (or ~hc mi~kinK o(:~nv :+~;r~~Kn~•nt th~•n•1~~rt wi~h~~u~ ~h~~ prinr Mntt~~n £
~ COA:iMI uS~IUW1•f: 151 ~h~• ~~ndrr.i~~•d'~ (uilur~ duly ~o ~~i•~•uunt, to I1u41~•r'~c ..ui~L~rtiun. ~u~•h tun~• iun~•ti u~ ~luldrr mar r~•- ,
~ qnire. for .mv u( ~h~• (:ulLu.•n~l. .~r }~r~u•r.•d. ~hrt~•u(. ~•~nniuK iu~o ~hr ~•un~ru) nt ~h~• un~f.•~~~~r.l. .~r 1~.1 ~h~• ~n~ti~n~~~m :inr ~u~~
xtfeetinR ~h~ umlrrviNmr~l drrmr~l 1.1 II~~IJrr In al~~•~•1 udv~•tx~•lY ilx inl~•n•~~ h~•t~•und~~r m ~h~• ( i.ll:~l~•~al ~~th~•tw~tir. f~al~l~•t'-~ 1.~i1-
~ ur~ to ex~rci~r i1K ri~,~ht~ nudrr 1hi~ par.~Kr:~ph +hull nu~ ~on+~i~utr ~ waivrr ~h~•~ru(.
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S!!A iUpM ~17 ~I! Ifl N~ ~ Nl~ blrl I Hf~FVI()115 ff11T10N5 ANfI Sf1A FO~~M : 1~~. 1?1•A, !~.N? ANt~ t+10A. Aqf. 0650LETt
o~R 2~~ 1~~ Exhibit A
a . Pac~ '
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