HomeMy WebLinkAbout0902 -J ti ~ e. .0 ~";~'s+~r~~~f.: r ~ ~itt°~c,- ;L.. r ~d +~;r~1~ N ~.i~ ' ~
~ t: - -
: +'~''_r . ~ _ - COLl.AI'~RA~~INSTA~MENT.'f~6TE T ~ 4 , . .
. . .:L~"Zil. . .j. . ' . _ . . " ' . -L" ~ ~ K' . ~
N~. ^l~.~..~~"/.~~~_~ s~ ti. . . t . . i . ~ i ~ 1 . " . '
, e . , i' i ~ i
~ . - , 'r s i, : r~_ t 1 _ ~ STVrHT, FI~ORI - • .a 14 •
• : ` ~ . ~ Y ' • y . ' - ~ ~ : . . . ~ ~ ~ • • • ~
1'h~, un~~ni~n~C (and if mon lhr~n ~on~, ~ach ,W, th~m Mlntty ,and, Nv~~slly), M?NMher~e~lUd "A~~k~r~' promis~s to psY to th~ A~du ot ~ ' ~
. . ~ : . _ ,
. , ~ BANK OF: STUART ~ ~s ~ - . ~ ~ ti~~* r a ~
nrretnaK~~ eaQb, '•S~nk'' at tt: o(fic~,ot `STUART. FLORIPII - ~ ~(or at sucA ytha plic* s~~tM hoi0~~ M+rOt,mjj!-,dq~inaW tM
=~m o~~x~~ThQU~~u1~__ e-hundred- thirteen :b80/100~ . " , ` `r . . 60 ~„~,mniy ;
~ F3v~_ OOLLAR9 =(TOTA1. CF PAYMf.NTS)k d
~;,st.~lm~nq of i.~.~~~ "~ach. a~ tM ~ ~ Sr ' dsy ot ~s~A ~suCC~4sivi inonth somm~ncin4. onS(~~ TT. 19?~.. ~
~oKether with a (i/1llOON PAYMENT In the ~mount o/:1 n^ne = d~. on } ~ ~ ~ ~ ~l~...,:..~~TM Cond~~ ' •
::ons, if ~ny. fo~ ra(inancin~ tn~. baNooe~ psymsnt~ aro ~~A ~ ~ • ` ~ a ~ • • ` ~ ~ N~ ~o,rm.nt•.
~r,dr henundsr shan .D~ cnd~ted first tQ int~nst ~nd lawful ehasQ~l.,thsn acefu•J and tM ~,~ind~~ to ,p~?nclpsl,;,Th~ ~mpunt Q~ ttl~i~npt~ 1nNud~s
DoL ~entar Stadi s ~ - , _ r ~ _z
t•~c ;.rotasds ol S~y.QQQ...QQ-P~~s olher charR~s,(O~uriDa)___-.L:~...._Y ' 0~ ,{~,a~.~~'L1[~..._.~-..
~rs~:?~~a A~OUNT FtNANCEQ or ~_bQ~~~+~ ~ i Pi~: : fiNANCE CHARGE.~~:`s._..~.Q.~..~t-~~.;:-,cwhich amo~nt
~~c~„~es ~nt~nst o~ i
3,$Q~l+Q_.__and.tredit_li~~ irtspqnt~ pranlWn o1• S~
4~ ^ ~ n:~~u~{ ~~':~~.ANNUAI PERCENTAGE RATE ~
y(; ~ 4_~,. Th~ Mak~i. hss tlw rig1~! to Dr~psY t~it Iwn In Iuil and eb~aln ~s r~lurA o1. the yn~s?ned poR~~x1 di ~h~ ilMnc~,eh~~~~ temputad Ynd~r LM "Sum ;
_ f t; ~ uiKits" mrtho0. : " : ~ ; . ; ; L. : _ . , _ , F
As usad herein the te~m "Collatera!" ahap mean and inc/uds the fotlowJnq ~property'which has ~been or, is hueby nlsdged, asstgned
or convey@d to. or deposited with thc Bank: • 1 s~M~g. ' o~]~Q~,No.,~~l Section ~-IZ Ourdoor Reaorts~of - ~
~
-~u~riea--a~~3eE~t~as-I~sla~cl,-St~..-Lucie.-CriucitY-. F~ a. ° . , ! , _
~ . ~ > _
- -
a;: c! any ano alf other property of every k~nd or description now or hereatte~_ +n th0 posseSSlon or. unde~ ths "co~trol of 8a~k fo~ ~ny ~
..~a;on, tageU~er with u~l additlons and_substrtutiorts herea/ter pledged to or depos~ted with Ban/4 ~nd_JnNudtng all c~sh, stoek and
ec!;~r d:viaends anJ nlr rights to subsc~ibe !or securities incident to..declared,_or.graAted fn e9nqetGon with sny proporty hereinabove „
,~~::Ced or reter~ed to. As usec! he:e~n, "l;abr'~ity"-or "tiabili6es".means 6nd lncJudes thfr,r~ots~and all obllgatlons and tiabi11t1es ~
r,:1::~: y, secondary, Jirect, contingent, soie, joint or severap,. due o~ to becoms: due or whtCh may b~ fi~reaftec cont~ecbd or ac• ,
;:_,r~d of each Maker (inc?udrng any Maker and an~r other person) to 8ank. Maker.. wa«arts sqd_ agreqs, that Bs~k has and shall _ ~
r_.:< a fien ~pon, security i;tle to and a security ~nte~sst iq atl the Collaterol es s~cu~ity lor~the paymsnt• of this noh and: all Ilabtll• ~
~nctuding any extens~ons, ienewafs or changes in form of any thereof. The: surrender ofcthls notg }upon payment or otherwise,
not affect the r:R~~t of Sank to,rotatn ihe Collate~af fAr•ary other IiabilitleS,~ t'~; ~ ' . ;
J~ . . ~ . ~ , . . _ ` . J.- . • t' _ • ~
cc~~~tT uFe ~nn CnED~r ~tFE o DiSnBiLITY ~NSUW?PCCE ARE VOLUNTAttYAN~ NOT REQUIREO FOR CRBD~T Sue~h I~sunnc~ cowr~ Is.availabl~ st tM
ae! ~es~p.nated Oo!ow fn~ tt:s term of ths Crtdik (a! S.-_ for C~~dit Ufs InsuranCe ~Cb) : ~or Cre01t l~t~+ i.Di~blUty iniurane~ ~
Cred+t Life Ir.suia~ce Is ~esired on tha 1i?e o[ - ~ ' ' 8lrthdab ` ~
~ _ . .
~ Cl~dlt Llfa d. O1saL~lity Msurance is d~sirod on • ' ' . ' ~
. . J ' - - - . . - • ~
~1 Cre.]it Ufe andiot Diseb:~ity Inauraacc ls nol desired, . ' ` ~ ~ . ~ r,'~ s _ ~ . ~
,.~::o. ~ ($Ignaturelr~ . . ~ ~ - . . ° ` .
AdditiOns to, rsductions or vtte~sea or exth~nges o!, or substituflons for th~ Col~ateral, payments on account Of this (oan o~ Inc~e~~s Of th~ fem~
o: ~~r ~oans mad~ part~+~'y cr wAnil~r upc.n :t~a =oliateral. m~f ham t~m~ to time ba matle Nithout sf(eCU~g tM Orovis~ons of th~e not1. 8ank ahaQ
~:a reasanabia ca:e :a che cuitody and p:eservation of tAo Cou:rter~l !o tAt extent n+yuind by ~pp4uCli ;tatub. ~and ahall b~ da+m~d to-Asw
• -;cd r..asonaC:s care ,f it takes such actian fer that purpvse as MAkar. shall ressonably ~e,wst ~R writin=, put. np omissicn to do s~r stt not
.~•ced by Mai.ar shail be aa~med a fa~Wre to sxercise ressw~abla' care, and na omisswn to ComWy with ~ny' rpu~st of Maker shall of ItsNt ba ;
a faiture to exar•:~se reas.u,a0~s care. Bank sh~l1 nat ba buund to ;lske ~ny steps r~~cesssry fo p~ts~rv~ ~~y ?iihts In tM Col~at~rsl s=dnst
;:aries and b!a=•~r ~r~all take aii necessary steos tor such purposes,_ Back or iti nominc~ ne~d oot COIIKt int~f~st on or prlnclpal ot soy Col- ~
:c.,: or q~vr auy not~ce w.eb ~a.pect tn it_ it th~ Co:latarel shat{ at~iny tuas_bseeme unsaiishetory: to. BanK,~1~~~:}h34 t~r~thln,o~, da~„sR~[ de~.,, :
.:c~ p!EU~s sno :`~posit xrth Bena as Wart ot_tne Couater:~l a:sd~UUnal.propeAy..wNch is ssiislactory j0 8p~k.~;~A _
9ank Is berab~r granteJ s security Interost ~n aq prop~rty ot sseh Obi~~or (whkh} ~arm ~et~sU mun ~nd ~nClud~"~xh matur. InCon~r. tunty snd 3
~n•.~r of this notel now er at any time hereaRer :n ths po;s~ssion of Bdnk in any cayacity what~eever, Ineluding but net limlted to any ba:ane~ -
e o~ ::ny da~•, s~t, tr~st, cr agancy ac.:ount, as securi!y for tM paymeqt of thls ncte; sr.d a simjlu socunty ~nt~nst 1n sH such pr~psrty of ?
:,ker as sec~r::/ `•=r th• Deyrr:ant ot-ati other tiab:G;iss: ar,d [3ank,shall hive tha' sarrle rights ss tl+ such propeity as tt Das with r~spyct tc :
'~~i~tzrat. The hc': ar ot tAis r~ote may at :~ny tlme. whether or not thls n9tt has msiured, tharg~ any indebte3nest ~~Drssenttd by th~s r~t~ ~gainst any ~
, i.~,coun~ gcnerat cr .prciet, ot any ob:igor harecn, rc~urning any unaa/Ged Intt~ost or dtstount; but faitur~ to spply anr part or a11 . sald sccovnt 3
;.:[a or to tn(~rce at~y of tha ng?,ts henin givrn ~he ho!der sha11 noL:aR~ th~ lia~ilit~r ot. iny ob!igor her~on. _ : j
Pr-~•k s!:all t~ave, but shaH ~ot be G.nite~! t~ tA~ fonowl~g dg1;a;'aach 41_wbltR e~iay M eferctsed a~ s~y tims vrhetMr cv .:ot thlS -iol~ Is ew: j
. _ ~,:go or t:_.:.Tcr tn,s nete :~ni tr.e Co~~at.:ral and Bar;~ sha~! thasupo~ b~ «~«red ol a~l duli~s and rtsponsibiLti~ harw~~r and ratlevM ~
..~nd att :::::,~r!y Ni:h rc~;.cct tu any Couattra! so pi~Cgal or t?~nSf~rr~d, ac~S any•pl~dgea or transf~~ee shaf! for all purposes stand 1n the
6ank her~~:,~.:r and h~ve .~~i lhe ng::ts o! 8ank heraw~der; i?I. to tronitsr the whuie or ~ny paR of tAe COtlatsral lnt0 lh1 nsm~ of its:4 C:
nee; (3) to v.:e tne Coi:at~ral: (:J to nct~ty the ob'+„ors on any Colfateral Lo ma?e paymrnt to 8ank ot any amo~nts dw or to becnmt du• ~
;(51 to de+nar.^, s~:e fr.r, co'tcct, or make any cr.mpr~~nisa ur ottUCment it Ccarnc d~sfo~tr with !t!lIMCf to t11e Colt+l~~ai: and (6) to take ~
< • . - : ~ ' ~ V
~ e~t and tw:iro! nf a^1 Pro:crls c.' C-v: aterat. ' :
'~~a I~appaninQ ai any oi tl.e f~:towing e~ents shall const~tute a dcia~N hereunder. - fa)- failun of aoy ObFgor td P~Y tull sny Instatms~t
- Re,reunder pran.;,tr/ w'~en it E<:omFS Cue: (5> fa;tur. uf a:,y uL.'gnr to pay in full wAsn due any indebit~n~ss, ob;~8at~on. or UabilRy to Bank •
or any ic~:a~,r~<r: tr.creoE c• trd6r.~at ~nerc~n; t) fa:'~~o al .~t; O~trgcr ro pericrrn a:~y ag~eamant herear.der; (d) th~ death of any Ob)~gor,
y:.niigor hecaz,~s ir.e~::ent cr acy iusol.ency gro- er:i r~gs ;as sa'd :errns "i~soi.e~!'• :.~d "I~wlve~cy proceed~rgs" a+~ AefinW In the U~Horm t
er al Cuc'el are .~~~:~:u:~s cr ma'a try ur og~E.ist aiy Gh, ticr, pr applica!io~ tur the apFdr.tment of s ~[eeive~ for sny OG~i~ol or for ~y of th~ ;
a~y O~!ig.~r, it) We issu~r.~ c.f any attachmnnt or ga:~.~sbr,;Ont, o~ th= fU:ng of anY tie~ agairsst any preperty of~~nY OWigot. . - i
, t
It at :~ny t~mr any warr~nty, :epresentaUCn, cert~f:cate ~r siatemer,t ot any.Ubiiaor (wneth~r eontalned 1n this note or not) pertatn(nX to or In eon• ~
~ with tn~s noie nr tne loTr, er cred~t Fv~d~ncad Ey this natr, ls not lrue, or upon the happenins o! any svent ct de~ault as ddioaf h~rcin, or 1/
_ -_t a~y iir.~e ttr!s im.x: re tor a^y rtasosi .vh::;sOC•:er, (i) tha amour:t ot al! t.,nfu+ cha~es and the amount o! th~ original p~Inc;pal sum loaned
e• i~.;~;ner +~:t: crr,:,t on ~br b;,~anre tin~rro( rcmaining trcn: t+n.u q tine un~aid ~at ihe h~dhest lawful ratt. less all payments that havs
; tr. 6ueur.~;er, sp; :~cd, at l~~c aa:e af e~cn su_i: cey:n.:ut. to a~crur: Inrrtu! eharges and to iaterast at ths higAsst lawful rate on ssid unpaid
..aEarce :+~•d tnen to pr~n 11, sh~~l c~•ma due ae.A pay~ble (ecthwith ar tkereaiUr it th~ aption of the Bank ar4 rnibout rtot~e• ar d~mand
ev~nt anC c:~ :er r.0 G(~Jf:+~LJfIGtS s~s~li sank nr any f~oL~~r h~reot be entitled to unaccru~d or un~am~i1 Inter~st o~ clh~r eharges, snd In no .
. ander ~u c+r~nms'. n=es shaf! Boak c~r a:~y Co'uer hereot tr~ endllecf Aere:,nuer Lo receEve at any time any chi?Ses not aflorwd or permi[ted ,
any intrre~t n- m:..es: =_te i:: :.rcrss of ti~e mr.;irr,um all...ed t~ law); (ip 6snk may, at its opi~on, th~reupon, or the~raRei dec~are il1 Olhlf
cr ^ny of :h•.rn sc'.~.te: by t1ar.'t Enc,:witA::oC•3~rs an~ p:cris,xs tnrrecfl, irrsmed~atety due aad payabte w,thout demand or notite ot eny
with sucn a.~;u:.tTa:.ts. +f any, w:tn respe:.t to any interest w other chargas as may ba prov~G~d for m the promissory note or atber wr'ting
.^q s~ch '~ab~~:!yl: ~ E~~r'r. s:~a?t ~~ce ars~ may taeruit +ri~ha,it efemar.d any and a:i ti~e rights and temtdias S~~ntld to i Secured party
. r:uft un: er th:r U:~.'orrn Co;n:::rr~:,i: C.x+e or ct:,rrwise r.vaitaA'e to 5:,nk lindu.~ir.g those a:m~~ble under any wr.tten instrUmtnt in add;tlon
re/at~ng t~ ~ny c.f tha t n:r.i:t:~s. or .any sECwitY lhr.e~o~?" and, wiiho~t i m~t~nK the genera~rty Of ths torrgdng. Benk ShaF: bave the rigfil,
' f ano :hc :,nner au::..s ty :t. io se! oft - 33'n.t tlis r.o!e all money o~ats Gy {sack in any capacity to each Gr any Obpgor, wMtn~r or
, :•.d -atso to ~ci .:h :irr_t a1; .,iher i:ab:t~t~es of each S!eMOf t0 E3anR a1t monay o+:ef ny Bank in any eapae:ty to each ot any ?Aa~er; anJ
D+- d2l:^Pd to haf~ .;.e-clsrd s.:cl: ris:d of sFt c~t and to t~ave madn a char~e aGainst any such monay immediately ~pon the octur-
t~ •..un de'aul: er o!r•:r ev_r,: e,t-n th~~:~b a~~ch ch~rga ~s rnada or en~ered en thr boeks nf Q~zk subsaquen~ ttureto; and (Iv) th~ Obbgors.
~ ,r t scrrrrl,y, a~om:o~- s::~ ag~ru :u ar.y ,,11 erFe-,~rs of bank in the coHsction ot this nots and in t!+e enforc~ment of ~ighh hereunaer aod
,.`~~cenent ~f :i~::ts un,er o: •...ch feS+~ECt :o ar:v of tne Cn"ate.:i, inttud~ng reas~mspla ~tt~rneys' fees. Any precaeds of s~Y Cullalenl or
. <.~;.s.tio:f of ai~y ~'a.~.::~.al ~n~y t. a.;.lie~ by ttar.k to th•• yaymrr.t of ezpe~~se: r..nnoctio•~ w:th the CW~atera!, incloe:ng reasunable '
*:es and Iec::t e~;,e,-sr. 1/ avy nct:fica::~n of inian, e•t r. ,pos~ticn ot any of i!~e Cot:~feral is ~equ:red by taw, all rsq~Tremtn.f of reasana6le
be raet. ar d s:..n noF.~_e sr.a'~ Ga dc~• ,td pr~•prr.y R~~~n, it at least ti~e Cayz brtore such dispositian suth noticr Is served on Make~
, ~nr~ Cer~in.:i:ei ro•: c'~~~. !IF ~n d:r.po:~ti,~n of .:~~y Cefi. ~?ra! 6iaker SF.aL 5e ~nA remain tiaD'e for any CsficlCney; sr.d Bsnx sha~l sccount ,
~ror any s.~rp'us. ~_.,t La:~:~ ;!:a~1 ha~.: thr ^o!~t [n L~.;,!~ .~:i or ary part o! such su~p!us to 'h~. paym~nt .ot- iny uat~titlp whethar or not
- any of thfm, t,•_ thr~ ~.:r, ~r,-f ia cu.:': wucr of a;•n: c~:=~, : as flank :nay frcm [tm• IO liTit l~CCt. ' -
~ ee: ~:r em`--a':o r~; ihe p•rt cf : a.,k :r, cxert;sin~ an•; rE~t,t F.arear.d~r shatl eperate ae a r:aiver of suth d~ht ot o! snY oth!r ~1gM u~d~•
r.,cro R c e a.+:•y s~a:t ~.e:u;e th•; note. tl~e !err=i "ldaker' ~,hall mean att paAies s~gr.irg this not~ and ~ach of th~m, bintly and sew _
~,e.: 1:•r:e r~. t2:e s: .;...nr .~.ti i:.:~u~: t' e G:ura! an'. tt~e piurat shall mean znd Ine~uae thc singutar; and any prOnoun. of whatever gen~~?,
: g,.r,?,.r-. .~n; n,•,:^ tc s1,=..er :::~al~ oe s~tf.cie-~'y senrd for atl pwposes (f p:aced in tlis .mail. PpsbBe prepaid. addnsssd to. w
'he pre:aE;ee. at, ihe 3::~rt•ss s~ave-: hc~Ctn or ani other ads':esti ~p;;la:~ng Cn 3ank'z roturds.
,<:e; ~,.;r.on.~-';~-~; reee~p! a corr.pieted coay of th~s r,ete an tne above c+ata. f ~ "
7 - ; • ,
X 1. . ~u/~ ~ (SEAL)
;s: - _ _ ~(~t~'~'~~~ ' ~ G%~'L~lit iCEt~t'csE~?u
- ~
- - . ~sFwU
_ . _ . .t..~ ;.....,:c.~.S~: .._~s~..,,---s.~.~.,._.
w
Microf lm :~letno '
The qual ity of this U R{~~ ~
copy is unsatisfactory '~~~'~•v
for microfilR~in;~.
. ~
- f
~ ; _
-~f~`~~~~ ~ = ~