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Home My WebLink About1724 ~ 6 O 09- IC~~~t w r. r.,.~ sr.~.~... oo. iss:~, i.Rw• ~jevn ~~z•: ss. - . COLU1iE1KL NOIE--StNGIt PAYMENT ~ ~ " ~ ~ ~ U = 000. 00 Fo~t Pierce, Florida _ Nov ~6 . 19 ? 1 On Dem~nd _ after date the u~dersigned (and if mo~e ihan one. each of them jointly and seve~allr). hereinafter called Make~. promises to pay to the order of ST. LUCIE COt1NTY 6RI~X at its office at fort Pie~ce. florida he~einatter called Bank : Four Thousand and1~IQ11~~-----------------"""""- -Doilars DUE ~ L. &G0~ No. ~-,y j ~ (whlcA smouM inslud~s ProcNds of ~Q.Q_ plus othN chaKK_ - - - - _ - ~•~1 ti+-6--~~1 Z-~-~+- (~euribe) ~ ~i. ,i .K~~~~~s AMOUNT F:NANCE~ of :`_'~t_QOO. OO ~~~h int~rest at s~ ANNUAL PERCENTAGE RATE ot ~ wn~cA r~wRS i~ ~ FINANCE CHARGE a t~1 ~0. 00 (Cqnput~d on ~ 6 montA maturity. ~t a.m~~a oa~s~t~~. it ~a i~~~ab ~eow. o~• ~ cna.s~s_ i~ tM anwunt of i hsw be~n co3l~ctW 1rom MaMU. As = (Oescnbe) e security for tM paYment of thls nob Maker has pl~d~ed or depas~ted w~th Bank tM followir.g p~opeRY: • = Assignmcnt of ?IZit?CK~~Cd~i]tdC&~C~X~t~~i84c'~d~}C1$C~LY4~2~~{ " ; ~}~}~~,g~~~~~~j~1~qc~.,~~,~;i~d~r~'?~i~X~~~B~DOX 500 shares Rollins Int. Inc. ' ~ ---~-1~t~rvr~st~.t(~1 - 38614 ~ (including all cash. stotk and other dividends snd all rights to subscribe for secunties incrdent to. declerea or granieJ In ~v~~~?c.:ii~n w:th . such prope?ty), which properiy, together with a!1 additions and substitutions hereatter pledged or deposited with Bsnk is talled the Coi- F lateral. TAe Collateral is also pledged as security tor al~ other liabilities !primary, secondary, direc~ contingent. sole, joint o? sevenl). t due or to become due b~ which may be hereatter tont~acted o? acquired, of each Maker (including each Make~ and any other person) ~ to Bank 7he sunender of this note, upon paqment or otherwise, shall not ai~ect the right of Bank to retain ihe Collateral /or such other ~ ~~ab~GGes. ~ CREOIT IIFE ANO CREOIT IIfE 6 OISABILITY INSURANCE. ARE VOLUNTARY AND NOT REQUIREO FOR CREOIT. Such Insu:anc~ cow~~ Is svsllaW~ ~t tM i cost desi~nsted pelo.r lor the te~m of tM cnd~t: (a) ~ for Cndit lifa Insursnc~ (b) : ~ for C.~dit UN 6 Ois~eil~ty ~~wrsnc~ ~ Cndit 1i1~ Insursnt~ is d~sirW oe the lile ol _ BiRAOsb Check Bo;~ ~ CrWit Lif~ 6 Disspility lasura~c~ is desirM on Credit lite and/o~ O~saD~lity Inw?soce is not drsircd. ~ostt~. November ~6, in~1 (Signature) - Additions to. reduct~ons or exchanges o(. o~ substitutions for th~ Collstersl paymenls on xcount ot this loan or incress~s of tM sartM. o~ oth~~ ~aans made paRially or whW~r ~POn the Cousteral. may trom t+me to t~me be maoe without al(ecting lM prorisions ol this nota. 8ank shs4 a~cercls~ rssswa able tsro the tustodY s~d PresmaGa^ a the Co~~ate~al to the eate~t requircd by spplicaWe statute. and sbalt b~ decmM to have eat.cised nasonsWe care if k takes such xtiw+ fw tASt purpose as Make~ shall reasonsWy rcquest in r+riting. Iwt no omission lo do any sct not requ~sted by Mske~ shall b~ deemed a failw~ ta exercise reawoaWe care, snd no omisswn to tomp~Y wifh any request ot Maker shall ot ituN be deemed s fai~u.e to e:erei:e reason- able eara. Bsnk sAall not be bou~d to tat~ sny steps n~cessary to pressrve :ny rights in the Col~ateral ~gainst priw paRies and hlsbr sfiall tste~ stl MO- sssary staps fw such purposes. Ba~k or its nominee need not cottect ieterest on or principal of anr Coliateral o~ Sive any notic~ rrith rtspett to it. It tM Collateral shall st any time become u~satis~xtory to Bank, Maker shall within one dsy sker demand pledse and drPosit w~tA Bsnk ss psR of the Collate~sl additio~al pr~pertr which is satislactory to Bank It Bank deems itselt insecure, or upon the t~appening of sny ot the (oltow~n6 events, each o~ rrh~ch shall constit~ct~ s defsult hertunder. aq I~aDiliti~s o( each Maker to Bank shall thaeupon or thercatter, at the option ot Bank. without rwtice M dernand, become du• snd WyaWe: U) fsflur~ of any OWigw (which term shatl mes~ and inc~uda exh Maker, endorser, surety and guarantw ot this note) to perform any asreement hereundar, to ~ pay interest herwn within ten da7s after it is b~~ted or othen.ise ?eVwsted or demanded, or to pay anr oti+er liability whstsoeve~ to Bank when due; (b) ~ ths d~alh of sny OOligw: (c) tM filing of any petitio~ un0er tM Banlvuptcy Act, or any s7mila? tedtrsl or stat~ ststute, by or asainst ~~r oa~sor. (d) sn ~ appticatfon tor tM sppointment of s receivcr (or, the making o( a general assignment for the benefit o( cred~tws bY. o~ lAe i^sWw~c1 of ~^Y the entry o1 a ~uABeme~t a`ainst a~r oa~so.: tt) tA~ issuing of sny attxAmeni w gsrnishment. or lM f~linE ~~^i ~6~~~~ ~^1 a~~y ~~y ~ OG~~gor, (g) the ta?~nB of posusvon of any substaobal pa~t o! the propeAy of any ObHgo~ at th• insta~ce of a~r ~ovemmental sutAontr: (h) th~ d~s' il so~u[ion, merger, consdidat~on, or rcorganiration of aey OW~gor, the ass~gnme~:t tr any blaktr of any eQwty in an~r ol tA~ Collateral without tha written co^sent of Banlc_ Bank shat~ have, but shall not be limited to, the following rights. eacf~ 01 wl~ich may be exercised at any time whether or not this nole is dur. CO to pledgs ar transfer this note and tAe Collateral and Bank shall thereupon be ret~eved of atl dut~es and responsibil+ties hereunder a~d rclieved trom any and all liatrlity with respect to any Collateral so pledged or transterred, and any piedBee or transferee shall ior all purposes stand ~n the plx~ ot Bank he?eunde~ and Aave all tAe righls of Bank hereunder, (ii) to transfer the whote w any part of the Cotlate~al into ihe rtame ot itselt w its noml~ee: (i~i) to vote lhe Collateral; ~iv) to not~ly the o~iigo.s on a~y Cdlateral to make payment to Bank of any amounts due o~ to become due the?eon: (v) to demand, sue fa?. collect, or make any comp•om~se w setUement it dcems des~nble with reference to the Coltateral: aod (v~7 to take ca+trol of any proceeds ot Collat~ral. Bank is hereby given a lien upon aad a security inte?est in alt praperty of exh Obligor nrns or at any t~me hercaRer in the possession of Bsnk in any capacity wrhatsoerer. inctudmg but not lim~ted to any Oaiance w sAare of er~~ Gav~+s+i. irust. o~ ageocy xcount, as security to? the pa~'ment ot this note, and a similar Gen upon and security intercst in all wch prope~ty ol exh lYlaker as security tor the payment ot atl other liabilities ol each Maker to Bank (including I~abilities of exh Maker and any otAer person); and Bank shall have the sam~ rights as to such property as it his with respect to ths 3 Couateral. It Bank deems itself insecure or upon the occu~rente of any dctault hereu~der Bank shall haw the remed~es ot a secured partr under tM Uni- 3 :orm Commercial Code and, vv~thout limding the general~ty of the twegans. Ban4 sAall have the right~ immediatNy and without fuAher attion bY iL to ~ set oft against this nole aU moncy owed by Bank in any cspacity to each or any Obl~gor, whether or not due. and alzo to set olt against atl other 5 liabilit~es of each Maker to Sank atI money owed by Bank in any capacity to each or any IAake~: and Bank sAatl be deemed to have eiercised weh ~ right ot setotf snd to Aave made a char~e against any sucA money immed:atety upon the occunence o( such default even though s••uM chsrBe ~s made nr entered on the books of Bank subsequent thereto. Unless the Collateral is pe~ishaWe o? thrcatms lo decfine speed~ly in ralue w is o( a tppe ws- tomarily sold oo a recognized ma~lcet. Bank vr~ll giv! Maker reasa+abte notic~ of tAe time and pface ~f any puWic sele tAereof or of th~ time aRer which ; any pnvate sale w any other intenAed d~spos:tion therco( is to be made. The requi•ement oi reasonable not~ce shafl be met if such ~wt~ce is mailed. : postage prepaid, to a~y Maker at tAe address g~ven below or a: a~y other address shw.n on the ?ecords c~ the Bank, at least fiva days Seforc the tims ~ o/ the sa~e o~ disposition. Upon dispos~tioo of any Collateral after the occurrence of any default here~nder, Makv shatl be and rema+n liable for any ~ det~ciency: and Bank sfiatt account lo Ma~er lor any surplus, but Bank shall have tAe nght to apply atl or any part of such surplus (or lo lald the ssm~ ~ as a reserve agsinsU any and all otf~er liabbties of exh o? sny Maker to Bank No dtlsy o~ omiss~on on tha paR of Bank in exeResing a~y rigM hereunder shall operate as a waiver of such rigM o? ol anr o~her ~ght under this note. Presentme~. de~nand. protest, notice ot d~sbo+ror, and actension of time without not~ce are he?eby wa~ved py each and every Obligor_ Tht Ob~~gors. io~ntlr and sevenlly, prortwse and ag~ee to pay all costs of cdlect~on and sttomeys' (ees equal to l~~p at ihe punt~ps~ sum w such Isrger amou~ts as msy be rtasonabl~ snd just inturred o? paid by Bank in enforcing lhis rwte upon tha occurretr_e ot any delault. My not~te to Maker s~all oe suff~ciently served-tot iR-Duryoses ii ~TacW in~h~ rrisit. PostaA~ prepslA. ~dd?~ss~d to w I~1t oPon tn~ pnm~sK st tM soanss snown Wlow or snr-- other addrex sRov+n a+ 9anKs records. 8lsker xkrtoubdS~s ?ecdDt ot s eompletcd copy ot this Nob on th~ sbova dals. C2 L~ ~ ~L-4 s=<%-~~ cs~w ADDRE55: - /r, ~ % • • . ~ i L-:~~i • f~ ~-~CC~v ~'YL{SG~G r~~ • (SEAL) L~r S _ _ ~ , ~ aoQK231 Pa~1'~2 - _ ~ ~ y ~ ~ :5.~ _ _ ~