HomeMy WebLinkAbout1406 INSIALLMENT NOTE ~~~.t~'1~.Y ST.'~`.'PS ATT?C
. STATE DO..U'
(Secu~ed and Unsecured) TO 0l::~~•":AL t~UTE /~i:a ~;,`~~=~~EO
N~tr No. ( ~,~tr.~f ~e. . 1~l 7~. l)u~ .h~ '1~~- 19 $
lwn Ttrms
~I1~~1L71 ~ t?1~ NOU?ths * P~««as s - - ~Q~QQ
ae~er date the unden~g~+ed. here~~afte~ plled Maker, ~o~ntly s~+cf se+~e.s~ly prom~selsl lo~ value recr~ved FINANCE ~ ~1_
~o pay w thc o~dr. o~ JENSEN BEACN B/WK Aerc~naher caued Ba~k, at CNARGE
oif~ce a~ .b~n 9wch. Florida tM wm ot_ Documrniuy s 1~-----
.f~'Oi! 1~d Oo1bn S~x~a
- Crrd~~ Lde lu~
e.oua~s ~ ~~e a D~sab~~uy~ • -
A~ ~ payable m ~ ~nsu~ancr
w~tA ~nlr~rsl tt~rcon ~Iw• ~ale ol 7'~~ pc dnnum. dll
rx;h oo thr ,_a da~ ul each wccess~ve ~nu~tA • O~ner (urm~trl s
~nun~hl~• ~mtaUrtx•n1s ot S 7IA~~ .~iiF..~ v
i~~~~n~~~~ a~ . 19 lugethe~ wuh a BAI.IOON PAY- =~N s 1~~
MENT OF S ~ -~1e . 19 OUNT s
FINANCED s -B~,Q~EW~
A tu~ comPu~re1 tlx rate ol S.~b Prr 51.00 0o each ~nsullmenl ~n delault tor a penod m
raceis ut 10 daVS mav I~e clwrged the N~aker. No wch I~ne shall exceed 55.00. Mske~ ~i requued to WY ~~are1 s(t'em i~e) t
all costs Of collecuon, ~nclud~ag a reasorwl.~e attorney's lee ~f referred lor collecuon u legs~ P~o ~
~~~ngs. All paymems. whrther pi~napal, intrrest a otherw~se. not retewed w~rn due sMll bear s
~nteres~ at 10'~. anoum hom due date unul pa~d. A11 pav~nts_made hereunde~ shall be credued ANNUAL PERCENTAGE RATE %
t~nt ~o ~nteres~. inen to tawiui cha.9es ihe~ xnu~d. a"d Iast ~o w~~~Pa~.
11 the ~orn ~s prepd~d ~n fu~~. atce~e~ated or ret~nanced. the Maker sAsll as ot tt?e da~e o( wM event recewe wcA refund of the unearned poruonof the
cred~[ I~fe ~n~urance prem~um and I~rence c1?arge and wcA other ued~t as may be requ~red by Isw or as may be necessary to avod uwry, prwweo inat tAe
Holder mav reta~n m~mmum f~na~te tharge of 525.00. whether or no~ o~herw~se earned. and e~cept ~n the case of a ret~~anc~np, no finance charge or prem-
wm refund shalt be rt+adr ~f ~t ama~MS to less than 51.00. Retrnuo~ o~ any mmimum hnance shall be ~n add~uon to serv~ce charye rt any. Any language else-
where here~n ~o lhe contrary notw~thuand~~g. ~+e~the~ Bank nor a~y hdder hereof shaU recerve or rewin any charge a mceres~ oot allowed by law.
As secw~ty for the pav~+~+t of th~s note Maker has pletlged a ifepos~ted nnth Bank thr following property.
Mil ~ti~! x~ 1~11t ~O. t+~ ..E 1iA.~.~di1 1N_lli~
1~nr~ud~~g a~~ cash. stock and other d~v~dends and a~~ rghu to subscr~t,e lor securrt~es mc~dent to, dedared or g~anted ~rt connett~on with such prope?tyl, whkh
p,pperty, together with a~l add~UOns and subst~tutwns hereaha pMdged or depos~ted nnth Bank ~s plled the Co~~atersl. The Collateral is aiso pledged as se-
cur~tv for all other I~ab~l~t~es to 8ank, (p~~rt?ary. secondary. d~rect, con~ir?gem, sole, lo~nt w severall. due o~ to betane du~ or wh~ch may be hereatter con-
t,ac[ed pr acquued, of each Make. (w of each Maker a~+d any other personl_ The wrrender of this note, upon psyme~t w o~~~w~se. slw~~ not affect tAe rght
of Bank to reta~n the Collatera~ ~or wch other Iwb~lmes.
CREDIT LIFE AND CREDIT LIFE d~ DISABILITY INSURANCE ARE VUIUNTARY AND NOT RE~UIREO FOR CREDIT. Such ~nsurance
cove~age is avadable at the cost deslgnated bebw fo~ the cerm of the cred~t: la) S_ (w Cred~t L~fe Inwrance
Ib) S_ to~ Cred~t L~fe A Disabdity Inwrance:
Chetk _
App~• 0 Cred~t L~~e Inwrance ~s des~red un tne ~~1e of ,
Box STATE DOCt~! ~ ~
Bu thdate ,
TO G~:~.. , ~
? Credu l~fe & D~sab~~~tY tnsurance ~s des~red o0
Buthdatc
~ CrCdrt Life and/o+ .7~SaD~~~1Y ~nsurancC ~s not des~red.
Date: ~~~~4--- - S~9natur ~ f J
~e 0. LM ~
s~gnaturq~
Additions to, reduct~ons ur excha~ges of, or wbst~tut~ons for ~lateral, paymentt on ac ount of this loan a ~ncteasrs the same, or oMer ~oans
~ made part~a~~y or who11Y n the Co~~ateral, maY f~om,time tQ ti~ry be rtwde w~thout affecunp the provisions of th~s no~e Bank shall eze~a rea~jooaWe
! ' care in.the c~sto4y and rvation of [heFoll~te~1 to the ~ctt~t~ ~(ed bY ~~~b~e swwte, and;ha~~ be deemed to ?pve exerused reason~~e c~e it it
E cakss such aetion for that~se as Maker shall reasonably request ~n v~k~ting, but no omiuw~ to do a~y act not requested by Maker shal! be deemed a failure
~ to exeruse reasonab~e wre, and no om~ssion to comp~Y vrith any request of Maker sha11 of ~tsNf be deemed a fadure to exerc~se reasonable care. Bank shaU
~ not be bound to take any steps necessary to preserve any nghts in the Co~~ateral aga~nst priw parues a~d Maker shall take a~~ ~ecessary steps for wch pur-
pases. Bank or ~ts riominee need not co~~ect ~nte?est on or prmcipal o~ any Collateral w g~ve any notice with respect to it.
! I( the Co~lateral sha~~ at a~y time become u~sat~sfactory to Bank, Maker shall w~thin one day after demand pledge and depos~t w~th Bank as pa?t of
the Collatera~ ada~uonal property which ~s saustactory to Bank.
If Bank deems itself insewre, or upon the happeni~g of any of the foHowing eve~u, each of which shall constitute a aefault hereunder, all liabilities oi
exh AAaker to Bank shall thereupon or Mereatter, at tne option of Bank, wiMout notiae o? demand, becort~e due and payable: (a) the faiture of a~y OWigor
(which term shall mean and include each Maker, e~dwser, surety, and guarantor of this note) to perform any agreement hereunder, to pay interest hereon
within ten days aiterit is due, or if there be no due date, after it is billed w otherwise requesmd w demanded, or to paY any other liability wAstscever to 8ank
whei~ due; (b) the death of any OWigor: (cl the filing of any petition under the Bankruptcy Act, or any similar federal or itate statute, bV or a9ainst anY Ob-
ligor; (dl an application for the appointment of a reoeiver for, the making of a general assignment fw the benefit of creditors by, or the insohren~y of any
Oblig:,r; k) the entry of a judgement aga+nst any Obligor: (f) the issuing of any attachment w garnishment, or tF?e filing of any lien, against am property of
any OWigor; Igl the taking of posseuion of anY wbstantial part ot the propertv of any Obligor at the insta~ce of any garemrr~tal authorily; (h) the dissolu-
tion, merger, contdidation, or reorganization of a~y Obligor: (i) the auignment by any Maker of any equity in any of the Collateral without the vrritten ton-
sent of the Bank. Each Obligor hereby +~ves any requirement oi notice or demand ref~ecting wch acaeleration insofar as wch requirement be in addition to
the mere exercise of any remedy afforded in this Note or the institution of iuit bV the then holder.
Bank shall have, but shall not be ~~mrted to, the fo~~ow~ng r~ghts, each ot which may be exerused at any t~me whether or not this note is due: to
pledge or uansfer th~s note and the Collateral and Bank slw~l thereupon be relieved of all duties and respons~bih[ees hereurxler and rebeved from any and a11
~~ability w~tl? respect to any Collateral so pledged or transferred, and any p~edpee or transferee shall fw all purposes sta~d in the p~ace of Bank hereunder a~d
t~ave all the nghts of Bank hereunder, (ii) to transfer the whak or any part of the Co~~atera~ into the name of ~iself or ~ts nom~nee: i~~~) to vote the Collaceral,
(~vl ~o noufy the Obl~gors of any Co~~atera~ to make payment to Bank of any amou~ts due w to become due thereon: (v) to dema~d, we lor, co~lect, or rtwke
ar,y compromist or settlement it deems des~raWe w~th reference to the Co~~ateral; and (vi) to take contro~ of any proceeds o~ Cotlate~al.
Bank is hereby g~ven a lien upOn and a secunty interest in all proptrty of each OWigor rww or at any Ume hereafter in the pnssess~on o( Bank ~n any
capaaty whatsoever, ~ndud~ng but not hmited to any ba~ance or share of any depoait, trust, or apency account, as the secunty fw thr payment of th~s rtote.
and a sirrula? I~en upon and security ~ntercst in all such property of exh Maker as security for the payment of all other hab~ht~es of each Maker to Bank b~-
cludi~p I~abitiues of each Maker a~d any othe? perso~l: a~+d Bank slwll have the same rights as to wch property as it hn wnh respect to the Co~lateral.
~ If Bank deems itself ~nsecure or upon the occurrence of any default hereunder Bank shall have the foreclowre and ottxr remedies of a seu+red P+?tY
~y under the Uniiwm Commercwl Code, or other applicable law siW.without I~mit~ng the generality of thc foregoirg, Bank sha~~ Iw~ the ~ight, irninedwte~V a~d
without further xuon by it, to set off apa~nst this note all morxy owed bY Bank in any cspacity to cach or any Maker; a~d if wch set off shall occw. 8ank
shalf be deem~d to have exerc~sed wch ripht of set off and eo hsve rnsde a charge apsi~st any wch money ~mmed~ately Opon theoc~urrwxeof wch detwtt
eve~ though such charge is made or entered on the books of Bank wbsequent the~eto. Unltu tAe Collateral is per~shable w thrqtens to decline speed~~Y
~ value or is of a type customarily sold on s reco~nized msrket, Bsnk wiU yive Maker reasonab~e notice of the time and plats of any public sNe thereof or of
the time ~fur which any private sale or any other intended disposition tAereof is to be mide. The requ'ueme~t of reasonaWe not~ce shall be met if wch notite rv
~s maikd, posape prepaid, to any Msker at the sddreu 9iveo below a~ at a~y other sddre~ shown on ths racords ot the Bank, at lesst five dsys before t~e ~es
t~me oi the ssle w c~=sposiuon. Upon d~sposition of any Collater~~ atta the occurrence ot any detsult hereunder, Msker shall be snd rsmsio ~~able for seY de- ~'d
f,c~ency; and Bank shall accovnt to Maka tor any wrplus, but Ba~k shsll have the rpht to app~y all p sMr part of wch wrplus Ior to hold the san+e ss s res~rve
againstl ~ny and a11 other I+~bilities of esch a soy Maker to Bsnk.
Np delsy o. om+uwn o~ the ps~c of Bsnk in azercising ~ny .ipht hereunder sh~ll opsrat~ a ~ vairar of wch ri~ht o. of ~ny other ripht under this not~.
P?esentment, dema~d, p?otest, notice of d'+shonw, a~d extensio~ of time w+thout notice sre henby wsiv~d by esch and every Oblipa. The Oblipon, lointhr
,and se~rally, prom~se and apree to p~y all oosts of collacuon snd rasonsble sttornays' t~as (not bss than 10% ot tAe principN wm) inwmd a p~d bY B~+k~
in eniortinp th~s note upon th~ oowrr~nos of sny dsf~ult. /?ny notios to Maker sh~ll bt wffitiently strvsd tor ~II purpos~s'rf Mt upon O? plated ~n dN rt~~~•
p~~e p~p~id, sddreued to tM pnmifis at tM ddreu sfwwn bslow or sny otl~er addnss shown on Bsnk's ncwds.
yylw?~ve. this note is ex~cut~d bY ~ cartnkK or ~^dors~r who is tM virif~ of ~ rr?~k~r or ~~dwfa. tM sa~d w~fe dws f~ybtl ~~'~Y
wifhin dtbt ss her jant and individual d~bt.
E~ ~ of ~ oi ~ ~ STATE 0 ''.`.?EAETARY STA?.1FS ATTACH~
. , - T G 1AL IYO AN 'ELL ~
- ~,~p• L9M1 t..~w. ~ (SN~) j
~t~¦p~tq B~eCh~ lla• 33960 O. LM 1sea~1
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