HomeMy WebLinkAbout1441 INSTALIMFNT N07~ 1
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~ Nol~ No. ~ Dahd: ~~T------. 19 _.~.4_ Dur. 19 ~ 4i 4
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,.~....a..~.~r~_...k~l• s~t.fi~F•tIGF~tT f1~T~____T HNANGE _ __._?flf3.~---••-
efter drte the undersigned, hsreinafter cailed Ma er, joint y ard severaliy CNARGE
4xomise(s) for value received to paY to the order of J~ns~n d~ach 6~nk her~- Oocwneoqry :•--------_--5.3~
inafier called Bank, at its offic~ at J~ns~e dtach, Florids the sum of (total ~+mP~
af payments) . Credit lifs (or lih ~
. , .s . . t~l---- 3 Disability) Ins.i ----.._.~.1.~?.-._--
F.iY.:...._.tIt.+~..ja.i.1_:..I~s?-~t,~J..~3i.~-:.SX:~:-~3ti~-~f~~'~- pfher(itemize)
Ooil~rs =
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with interesf thereon at ths raro of ---9~l38- Per annum. all psyabie in A~ H ZNS. _...-----~7F).~k.__.
monthly instalimeets of each on the .L«h day of ~~E$ i..---• ---1.4•flQ----
a••j)ti• 11:-_--. 19.. 7A., t iher with
each suoceu~ve month corn~riencinq on ~ AMOUNT
a BAIIOON PAYMENT OF S.__- UuO 19~~._ RNANCED S---~.3-~f''~10~71~---
A fine computed at the rate of S•05 pe~ Si•00 a+ each instsiment in defsvit fo~ ~~rately collected `
a period in excess of 10 dsys may be chuynd tne Maker. No such fine shali exceed ~~s (~temin)
55.00. AAake~ is req.rired to pay all costs of coltection. ir+ctudinq a reasonabie anu-
ney's fee if roferred for colleetion or legal proceedin4s. All payments. whcther prir- i t
dpal, interest or othe~wise. not reteived when due shall bear interest at 1096 _ per
annvm hom due dare until pa~d. Atl payme++ts made hereuoder st~all be credited ANNUAL PERCENTACsE RATEQiQ$ %
first to interesf, then to lawful charqes then acu~ed, and last to principal.
If the loan is prepaid in full, aecekrated w refinanced, tl+e Maker sF~alt as of tne date of such event ?eceive such refund of the un-
earncd portion of the credit life insurance pren+ium sr?d finance charge and such other credit as may be required by law w as maY bs
netessary to avoid usury, providect 1ha• ske !'.'~3°r r^?`y retain s minimum finarxe charge of 525.00, whethet o~ rat otherwise ear~sd,
and except in the case of a refinar?cinQ, no finance charge o~ premium refund shall be made if it amounts to less than S1•00- Retentio~
of ar.y minimwn finance shall be in addition to service charge ~f any. Any ~anguage elsewhere herein to the co~trsry notwithstandi~,
oeither Bank nor any holder hereof shail receive or retain any charge or interest not allowed by law.
As secvrity for the-paYment of thia note Maker has ptedged or deoosited with Bank the followiny property:
~ ----?=~11--='~rc~.*.~_~~t'i...~.--~AL_32~E~1~1C1ls--~--~Y-~---~-~Il:!'~--A1-S.T~--iL~1Z~t'IIdC' '
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(including all cash, stotk and other dividends and sll rights to subxribe for securities incidont ro, declared o~ grantEd in connecfion with
such property), which property, toge?her with all additions and substitutions hereafter pled9ed or deposited with Ba~k is called the Col-
lateral_ The Collateral is atw pledyed as secur~ty for all other liabilities to Bank, (primary, secondarY. direct, contin9ent, sote, ioint or
severaq, d~e or to become due or which may be hereafter contracted or acq~ired, of each Maker (w of e~h Make~ a~d sny olher per-
son). The surrender of this note, upon paYme^r or otherwise, shall not affed ihe right of Bank to retain the Collateral ior svch otner
liabitities.
CREDIT IIFE AND CREDIT IIFE b OISABILITY INSURANCE ARE VOIUNTARY AN .~O
T Q~Q~IRED FOR CRE~IT_ Such i~s~rance
coverage is ava~'I ~ )he cost designated below for the'te.m of the credit: (a) S~~-~:57 ~ . for Credit :ife lo-
suranoe (b) S-i~~'1-----•--------------------- fw C?edit Life d. Uisability Insusance:
Check
Appl. Q Credit Life Insurance is desired oo the life of
Box
BiAhc:ate
- i A ~S2CK t.~:~ 1fi0
Gedit life 3 Disabiliry Insurante is desired oo
- • &rthdate ~12~X--~+._~1'~---- - - -
- -
0 Credit Life and/or Disability Insurance is nW desired•
oare- q„~-us` ~~`_J7~_ Signature .
_ . "
. - p,'~'=;?Cr'.~ .~~':C~
• Signaturo -
Additions to, reductions or exchanges of, or substitutions for the Collateral, payments on aecount of this loan w irxreases of the
same, or other loa~s made partiaily or wholly ~pon the Collateral, may from time to time be made without affetting the provisions
of this note_ Bank shall exercise reaso~able care in the custody and preservatio~ of the Collateral to the extent req~ired by applicabte
stat~te, and shall be deemed to have exercisrd reasonab[e csre if it takes svch action for that purp~se as Maker shall ressonably reqvest
in writing, but no omiuion to do any act not requested by Maker shall be deemed a failure to exercise reasonabte care, and no amis- .
sion to comply with ar?y request of 1Naker shall of itself be deemed a failure to exercise reasonable cere. Bank shall not be bourwi to
take arryr steps necessarY to preserve a~y riyhts in the Collateral against priw parties and Maker shall take all neoessary stepa fw wv?
pvrposes_ 8ank w its nominee need not col!ect interest on or principal of any Collateral or give any notiae with respec: to it.
If the Collateral shall at any time become unsatisfactory to Sank, Maker shal~ wi~hin one day after d~nw~d pledye and deposit
I with Barsk as part of the Collateral additional property which is satisfactory to Bank.
If Bank deems itself insec~re, or upon the happening of any of the following eve~ts, each of wFirch shall constitute a defauit haro-
urxkr, all liabilities of esch Maker to Bank shall tF~ereupon or thereafter, at the option of Bank, witho~t notice or demand, becane due .
a~d paysble: (a) the faiture of aMr Obligor (which te:m sl»II mean and include each Maker, erxlorser, surety, a~d g~arantor of ihis
note) to perfo~m arry agreement he~eundet, to pay interest hercw+ within ten days after it is due, or if there be ~o due date, after it
is billed or otherwise requested or domanded, to pay any other liability whatsoever to Bank when due; (b) the death of any Ob!igor
(c) the filing of any petition under the Bankrvptcy Act, or any similar federal or state statute, by w against amr Obligor, an applica-
tion for the tppointment of a receiver for,.the making of age neral assignment for the benefit of creditors by, or ihe insoivency of any
Obligw: (e) the entry of a j~~d~ement against a~ry Obligor; (fj the iuuing of any attachment or garnishrt~ent, or the filing of am lien,
against any property of any Obligor; (9) the taking of possessio:+ of any substantial part of the property oi any Oblig~r at the instance
of any governmental authwity; (h) the dissolution, merger, consolida~ion, or reorganization of any Obligor: the auignment by any
lNaker of any equity in any of the Collateral witho~t the written consent of the Bank. Each Obligw hereby waives any reqvirement of
notice or demand reflecting such accekration insofar as such requirement be in additiw~ to the mere exercise of srry rerr~edy afforded in
this Note or the institution of suit by the then holder. '
Bank shall have, btit shall ~ot be limited to, the following riahts, each of which may be exercised at any time whether or not this
note is due: f) to pledge or transfe~ this note and the Collaterat and Bank shall therevpo~ be relieved of sll duties a~d responsiEilities
hereunde~ and relieved from any and all liability with respect ro arc~ Collateral so pledyed or tronsferred, and any pledgee or tra~n-
feree shell for all purposes stand in the plaoe of Bank hereunder and have all the rights of Sank he~evnder, (i~ !o transfe~ the whole
or a~y part of the Collateral into the name of itself w its nomineP; (ii~ to vote tF.e Collaleral; ('rv)-to notify the Obtigors of amr Cd-
laterat to make payment to Bank of sny amo~nts due or ro becwne due therea~: (v) to demand, sue for, collecs, or s^.ake~y campro-
mise or settlement it dezms desirable with reference to the Collateral; and (v~ to take co~trd of any proceeds of Collateraf.
Bsnk is hereby given a lien upon and a sec~rity interest in all property of each Obligor now or at any time hereafter in the pos-
sessiw~ of Bank in any capacity whatsoever, inctuding but not limited to any balance or share of sny deposit, trust, or agency sccou~l,
ss tFx security for the payment of this note, and a similar lien upon and security interest in all suchpr opertY of esch Maker as sec~rrty ~
fw the payment of all other liabilisies of each Maker to Ba~k (including liabilities of each Maker and any other penon); and Bank shall
have the ssme ric;rn as to such properry as 7t has with respect to the CollateraL
If Ba~k deems itself insecure or upon the occurrence of any defauit hereunder Bank shatl have the foreclowre and other remedies
of s setured partY under the Uniform Commercial Code, or other applicable law and, withovt timiting the generality of the foregoinq,
Bank shall have the right, imrt~ediatety and without fv?ther attion by it, to set aff against thii note all money owed by 8ank in sny ta-
pacity to each or any Makar, and if such set off sha!I occur, Bank shall be deemed to have exercised su;h right of set off and to have
msde a charge sgainst any such mo~ey immediately upon the occurrence of such default even though such charge is madt w entercd
on the books of Bank subsequent thereto. Unless the Collateral is perishable or threatens to decline sF~eedily in value w is of a type
cvstomarily sold o~ a recognized market, 8ank will give Make~ reasonable notice of the time and place of any public sa{e thereof or of
thc time afte~ which any private sale or arry other intended disposition thereof is to be made. The reqvirement of reasor?able notioe shall
be met if such notice is mailed, postage prepaid, to any Maker at the sddress given below w at any o~ner address shown o~ the reo-
o~ds of the Bank, at least five days before tne time of the sale a dispositio~. Upon disposition of any Collateral after the occurrence
of any default hereunder, Maker shall be and remain liable for any deficiency; and Bank shall aaount to Maker for amr surplus, bu1
Bank shall have the right to apply all or any part of such wrplus (or to hotd the same as z reserve against) any and ait other liabilities
ot each u any Maker to 8ank.
No delay or omission on the Fa?t of Bank in exercisirg a.^.y right hereunder shall operate as a waiver of such right or of any other
right ~nder this note. Presentment, demand, protest, notice of dishorm, and exte~sia? of tirsK ,ritFa;t! nalice are herehy waived by
each and every Obfigor. The Obligors, jantly and severally, promise and agree to pay al! costs of collection and reasorwbk attorneys'
fees (~ot less than 1096 of the principal s~ml incvrred or paid bY Bank in enforcirg this note upon the occurrence of any default_
Any notece to Maker shall be sufficiently served fo• afl purposes if left upon or placed in the mail, postage prepaid, addressed to !he
premises at the address shown below or any olher addreu shown on Ba~k's records.
Wherever this note is executed by a co-maker or endwser wno is the wife of a rruker or endorser, the said wife does hereby ex-
preuly acknowledye the within debt as her jant and individ~al debt.
Esch of Nlaker acknowledges reoeipt of s comalrted ~opy of this Note on the above date.
~.o. ~ox 513 X - cs~n
--~add~eu: _ - -~tse~c- -t~~G----------------- -
,l~-•nsen,~ ~e~lc~t~ Fla. ~ 33!!S? X,
- -~Er'Ir.~-iittvct~--------------------- (SssO
i 800K ~J~ PACE ~ ~ ~O
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