HomeMy WebLinkAbout1723 ~ . 7- 10~ 1 R~ ~ R~NO 12~ _
L 3 i~69-IOOR'•`-yioord~? irom: f~~ LirN Sy=:vns. 6wt 1tS27. T.~*w 136o9-e!2 ~93a
COlU1TERAl ti0iE-SIN(ilE PwYYIENT
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s
April 28 lg T 1
~ 13, T00. 00 Fort Pie~ce, flo~~da •
.
On Demand after dats the undersigned (and if more than one~
~ach of the~n joinily and severally). hereinafter callcd Make~, p~omises to pay to the o~der of
ST. IUCIE COUNTY BANK
hereinafter cailed Bank , t r
at its oftice at Fort Pie~ce. ftorida DJE ' ~Y
Thirteen Thousaiid Seven Hur.dred Dollars and No/100------ - Doflars & D. No
~ .~l 1i1 12
(wh~CA amount Intlud~s Procl~ds of S~y-700
~~--.D~us o/hN ChaRts~,_••~•.- ~
13, 700. Q„in ~~~.~KC ANNUAL PE CENTAG~ RATE o+ :-F-~t,:-x• ~
o( i ' resuni~~ in an AMOUNT FINANCED of i ~
wlfiCA hiults in , FINANCE CHARGE or s~ 13. ? 5 (ComPut~d an s 6 ~nw?th msturity. lf d~msed obl~istion). 11 oot includ.a..~..
in tM amouot of i - hsv~ b~~ eoll~et~d froen MakM. As
cnars.s_ ' _ _ ~p~~w) • _ -
s~cu~ty tOr tM paYmtnt of this tat~ Msktr hss p1~dH~ o? t'•P~t~ B~~k tM foiWw~~ WoP~r Ci0? .
?00 shares Coburn Cor . of America ~ 100~Os hCor T# NS~17610 e100 shares
t 11 16? 500 shares Amer. Mot
J5754, 500 shares R~llins Int. Inc. #NYC34994, 34990,
Cflmp t
(~~~c~uui~~g eii cd3h, atvcA at~J ut to$e~he?ewith s addit ns andusubst
tut
ons hereatter pledged w dePos ted w th Ba~nk is~tuUedi h~ C~I-
such prope~ty), which property. ~~ma secondary, direci. conGngeM, sole. ioint or seveal).
lateral. The Collateral is aiso pkd8ed as security for all other lisbflities (P ' ~Y•
due or to become due o? which may De herea(ter co~tracted o? ac4+~~r~. o! each Maker (including each Maker and any other persoo
ment or otherwise. shsll not aNect the ri8ht of Bank to retsin the Collattni for wcb ot1?~? '
to Bank. The surrender of this note, upon pay
IREO iOR CREDIT. Such ~~wr~nu tow?ap b ~vs11~bN K t~
iiabilities.
CREDIT LlFE AND CREOIT LIFE 6 DISABILITY ~NSl1RANCc~ ~E VOLUNTARY AND NOT REQU uN i OIs~~Nh? MNMMK~
• tw Cnd~t lih Inayrsnu (p) L
cost d~siRnated bero.+ ~or iM t~nn of tM cndi4 L ~~~ta -
Check ~ C~~t Llf~ Insuranc~ is d~sired On t1N ~N~ ,
.
aDP~- ~ Cred~t Lif. d. Disab~l+b insur~nt~ ~s desired
Bo~c ~
C~edit Life sndior Disability Insunnc~ Is not d~slnd.
coate 4 ~ 28 1 (57Rnatu~e
/Wditlons ta nduct'ons o~ ~'Khsnges ot, w substitutions for th~ Co~~atenl PaYm~+'ts on x~°~^t ot thls loan w int~~asas d tM sarM. o~ ot~~
losns mad~_ paRisily o~ whollY ~ ation M, the,~o
1ate~al 1 t1he e
tan,t,repuired by a'ppli aDle~sta utee a d sha
Isbet dlemed ~ Bhsw ~,erci~s~d n u^ab~
able u~~ in tM custody a~A P M~~ ~
can if ~t takss such action for that purpose as Maker sAalt reawnsbly requ~
~~y~t~u ~ ~ Maker shall oi itself
oe deen+ed aQ~~~ ~~~~Ris~ ~sso~~
deemed s taiture to exercix reasw+aDle cars. and no oa+ission to comp~Y
aW~ csro- Bsnk shall not be bw+r+d to tsks any steps necessary to P~e^~ a^v rigAts in 1hot~y~~lsleral or si
t sn~inot~~~~~~ ~ i~t.•4 Ma
Y
asssry stMS 1w sueh purposes• B~nk or Rs nominee ne~d nd coll~ct int~nst o~ a p^^~'P~ ~ Bsok ss paR o1
If tha Collateral shall at any timt becom~ unsatisf~clory to Bank Mslc~? shsll ~rithin on~ day sftK d~msnd P~~dS~ •nd d~posK
th~ Co~~ateral addltiorat p~opertY which is satistsctory to Bant~
11 Bank dc+ms itself insecurc. o~ upon the hsppertin~ of sny of the fo~lo~wing eveots. ~ach of which shalt constitub a defauR ~~,~Kiluro
1?t AlfNIfldK. t0 F
liabiliti~s o( each Maker to Bank sha~~ thereup~ or thereaRer, st the option o~ B~^k `"^thO~ ~Ke d~~~' ~om~ du~ snd paY~
of sny OWi~o~ (+fi~ te~ ~all mean and includt exh Maker, andorser. suretY and guar=ntor ot; ~sa^°~r'1'isbilty~whst~so~wr
ta
o~Bsnk w~M~ dw%
pay Interest he~eon rr~thin ten dsys atter it is b~~led or olherwis~ npu~slyd ~i~^d ~mi~~~ ~~rsl o~ staN ststut~. by o~ s8~~^~ ~r D~Qa' ~
th~ d~ath ol any OWigor, (c) ttie t~lirtg ot sny petition under tM BsnkruptcY y pf any Obtlsor.
appl:catan tor th~ appa~tment of a ~~tNve~ Ior, th~ mski~g of s~~era) ~ssisnm~M ~p ~~^afit' ot cnd~tors bY. or tM IowNarcy ~'ny
I the entry ot s judBement sgsinst sny OWi6or. (f) the issvint of any sttsch oN+; a Oa:gon stnt ~ sbn~,~MO1 seyntov~M Mbl~a ho~t~~~
I Oll:gor ~g) ihe taking of pestess,on of ~ny s~tbatant~al pa.t o~ tFe DroP~ Y Maker Of any lQUdy in any ol lM CWlit~ql vritAOUt LM ~M~
soiution. merger. conzotidat~o~. or reorganiiation of any OW~gor: lM ass~gnment by any
conseRt of Bank.
Benpr tra'ns
er
this~notea'and thce Col1 teat~and Bsn'kwsha" thercueponnbe eGeved of alt ldut ese a d respo s~Cilit es hereunder sr?d reli~v~d Irorin
~ ~o a~e
a~y and all Ieability with respect to any Collateral so D~~B~ ^r traris(e?red. and a~y p1edBK a~tol the Cottateral,into the un mt of itself,o? KS nominee:
Bank hereunder and have a11 the riBh[s c` 6artk hercunde:; Gl to trans(er the whol~ort~n~^~ of any amounts due or to betome due thereon' (v) to
~iii) to vote tha Collateral; (iv) to not~fy the obtigors on any CW1ate?al to ma1~e WYm
demand. sue tor, collec4 or ~?ake any ~°mPrw~is~ s~~emc~t it deems d~sinWe with ~etereoca to tAe Co~~steral; and (vi) to tafe~ contro~ ot any proc~ads
ot Collatent. rt of esch OWigor ~+aw .or at sny tim~ hereafter in th~ possesslon d B~nk ;
Bank is htr~by givcn a lien upon and a secu~ity inte~est in sll Propa Y t,ust. or sgeney atcount. as security tor tFN WY~~~ ~
in any capaaty whatsoever. including but not fimited~to any balanc~.or sh~r~o`
ei
^~YMa~s s security /or the payment oi a1t other iisbilities ot exh Msker '
th
tbis note, and a similar lien upon and sKUrity interest in all such pwpa Y rt as it has nith r~spKt t0 th~
to Bsnk CMl~in~ liabilitias ot exh Makar a~d sny oth~r person): and Bsnk shs1l hsv~ tM sam~ ~8hts as to such Prope y ~ U~-
ColbUral.
It Bsnk deems itseli insecure or upon lhe occurcenc~ of s~Y dafsult hereunder Bank shs~l have ~he remed7es ot s secand PartY
lorm Comme~ciat Code and. w~thout i~miting ihe generality of the tortsao& Ba~k shall hs ~fi~ e Bw t^~~et a~ tt~~°oN s,a
nst abl Other
~e! olt against this nota at~ moneY o~~ bY Bank in any capacity to exh or any OW~Bor,
liaE~l:t~~s ot each Maker to Bank all money owesl by Bank in any capx~ty to exh or iAe «currc^ e~ fesucl~ Oe ault eve~ ~Sh- ~ ~
right ot set-o1f and to have made s cAsrge aga~nst anY such money 7mmedistely upon
i or enterrJ on the books of Bank subsM~~t thereto. U~~ess the Conateral is perishaWa or tAreatens to decliatCSpe'edi~~rcot w of tha C~ort?~ s8~
~ 5
tomsnly sotd on a reco6^~i~ mar~ef. Ba~k w~ll giva Make~ reasonaWe notice of the t~me and P~ace ot arty pu
aosta re P ~Pa d. o anr MaMer att IAecad6resssB~w'^ `~lowf or ato any other add essQu'shormeo^ the reto~d ~n he Bank,"at Isast fiv~ days be~,COre t~ ~
+ of the sale or d~ :posit~on. Uvon dispos~tion of any Collatec:l afte? '!~s xCUrrcnce of a~y default hereunder. Maker shalt bs and rcma~n liabl~ fot ~~Y
, D 8
j def~c~enty: and 8ank shall account to Maker lor any surplus, but 8ank sha~~ ha~ U+~ ~Bht to spply all or a~y part of such wrplus (ot to hold th~ s~m~
as a resene against) any and a~~ other ~~aC~!~t~~s o( each or any Maker to Bank
No delay or om~ssion on lhs Pa?t oi Bank in eaercising any riBM hereunder sha~~ opente as a waiver of sveh ?IBht w~ ~^Y u
this nole- Presentmen~ demsrxl. Protcst. not~ce of disAonosll tosts dnedlacNon's~d sttomeYS~a1e~s ~0u 1 toel~a/p o( t~+~lP^~ WI s mryor such Is~iN •
- f
oeus«s. i
o ~M~ r sna s.re.siy. p~^is~ u,a s~n. eo wr
•movnts ss msy M ressooabl~ +ad 'I~+st ineun~d or paid br Bsnk In tntw.ci od~~
to o~ R~uOon ~h D e~ises at t~M ~ddhss ashw~no~a!.a~r
~ W sufficiently serred iw stI purpos~s if plsced In th~ mail. postsp P~W~
oth~r address sAown o~ Bs~k's recotds. o~ ~~s Noti on tl+~ tDw~ dab.
~ Msker xknowNd6~s r~c~Ipt o! s comp{et~d copy - / ~ _ .
j :".~i< < , (~EAIJ
~ ~o~aESS: 3605 Sout}~ Indian Ri~•er Drivc ' .
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