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Home My WebLink About1414 i ' ~ # (including all cash, stock and othe? dividends and all rights to subscribe for secu~ities incident to, declared or granted in tonncction with ~ ~ such prope~ty). whicA property, together with all additions and substitutions hereafter pledged or deposited with Bsnk is called the Col- ! late?al. The Cotlateral is also pledged as security for all othe? liabilitiss (primary, secondary. direct. contingent. sole, joint or seversl). t due or to become due or which may be hereafte? contracted or acquired..oi each Maker (including each Maker and any other person) = to Bank. The su?~ender ot this note. upon payment or otherwise shall not sifect the right of Bank to ~etain the Collsteral for sucA other ~ liabilities. ~ CREDIT LiFE AND CREOIT IIFE 6 DISABILITY INSURANCE. ARE VOLUNTARY AND NOT REQUIRED FOR CREOIT. Such Insursnc~ cov~~~ Is sv~11aW~ ~1 tM ~ ~ ~ cost d~sisnated below tor lhe tenn of tM eredit: (a) S _tor Cndit Liq Insunnce (b) = for Crodk Lif~ i Ois~WNt~I law?~ne~ .t 81Ahdat~ ' Check ~ C~~t Life Insurance is dtsi?ed w+ th~ Iif~ o APP~• ~ C~~dit Lits d. DisaDility Insuranc~ is desir~d on Box ~(Credit Ule and/or DisaEility Insuranca is not d~sired. ~ ~ (Date) December 29. 1972 cs~s~aw.~~__._ _ _ - Additlons to, reductions o? ~:chsnges of, or su~slitutions tor th~ Collateral P~Ymeots on xcount o/ this loan or }~?esses oi th~ sam~, w otha~ toans msd~ partially w wholly upo~ ih~ Cdlateral, msy from time to t~me ba made without attecting the provisions oi this nole. Bsnk shall ex~rcls~ ?tason- abl~ csr~ ln th~ custody and preservation of the Co~lateral to the e~ctertt requtred by applicable statute. snd shatl be d~emed to haw ueerclsed rqsonaW~ car~ If it tskes such sction for that pu?posa as Makar sAalt reawnsbty request in writing. but ~o om~ssion to do any sct not requ~st~d by 6Aaker shall b~ deem~d • tsilurt to ex~rcise reasonaW~ car~, snd no omission to comp~y with any rcqusst ot Maker shall ot itsetf bs daemed a tallun to exarcis~ rqso~- a~Ie care. Bank shsll ~ot bc bound to take any steps necasssry to preserva any rights in the Cdlateral against pno~ parties and htaker shall take ~II nw ~ essary steps for such pu?poses. Bank or its nominee need not collect Ioterest o~ or PrinciPa~ of any Col~ate~al or give any notlee with respect to H. ~ If the Collat~ral shall at any time become unsatisfactory to Bank Maker shall withln on~ day slter demsnd pted~~ and dposit with Bsnk as paR of ~ th• Collstenl addidonst propeRy which is satistactory to Bank ~ It Bank dsems itseli insecure, or upon the happening of sny ot the tollowing tvents, each of which shall eonstitut~ s d~fault h~rtund~r. N~ ' IiaWlitl~s of each Make~ to Bank shall thereupon or thareaRer. at ths option of Bank without notiee or demand, become dw and psyaW~: (s) fallun ~ oi sny Obli~or (which term shall mean and ~nclude each Maker, endorser, surety and guarantor of this note) to perform any ~~?aemant he~und~r, to pay lntenst htnon within ten days aRer it is b~lled or olhe~wise requested or demanded, w to psy any other liability whstsotwr to Bsnk wh~n dw; (b) ~ ~ th~ d~ath oi sny OWigor. (c) the fiting of any petition under th~ Bankruptcy Act, or any similsr lederal or stab sbtule, Oy or saslns! any Obli~or. sn aDpllution tor th~ sppoinlm~nt of s r~ceiwr tor, ih~ makins ol a gene.al sssignmeM fo~ the b~n~tit ot e~edltors py. or ih~ Insolwncy ot aeY OWi~or, (1), j~. ; -`~-.T, th~ ~ntry ot • judL~m~^t ~~alnst any Obllsor. (q th~ Issuln` o( ~ny ~ttschm~nt or ~~rnisM1ment. or t1+~ Rfin~ of ~ny li~n. a~slnst any proWR7? of ~ny~a. Oblt~or, th~ t~ktn~ of possession o~ a.+y substanfial part ot the Droperty ot any OD~~go. at the instance of any Bovernmental autAorilY (A) tA~ dis- ~ so~utlon. mergei. consoNdat~an, or ~eo~ga~i:ation of any Ob~igor: (i) tha sssignment br sny lAake~ ot a~y equity In any of tAe Co~~ateral witt~out tM w?~tt~n p consent of Bank. ~ ~ f Bank shall have, but shall not be limited to, the following rights. each of which may be exercised at sny t~me whether or not thls nota is dwe G) to pledgs or transfer this note and the Coltateral and 8ank shall thereupon be relieved of all dut~es and rcsponsiWlities hereunder and nliwed from any anA all liability with respect to any Coltateral so p~ed6ed or translerred, and any pledBee or transferee sAall for all purposes stand In th~ ptate oi Bank hereunder a~d have all the rights of Bank hereunder, C~) to transfer the whole or any paR ot the Collateral i~to the nams of ftself o?- its nominer, _ (iii) to vote the Co~lateral; (iv) to notify the obligors on any Collateral to make payment to Bank of a~y amounts due or to become dus thareon: Cv) t0 demand. sue tor, collect, or make any compromise or settlement it d~sms desinWe witA retere~ce to the Collateral; and (vi) to isk~ co~trol ot sny prote~ds oi Collateral. j Bank is hereby B~ven a lien upon snd a security interest in a11 property of each Obligor now or st any time hereaRer in the possasslon of Bsnk ~ in any capacity whatsoever, insiuding but not limited to any balance or share ot any deposit, trust, or agency account. as security for tha Dayment ot this note, and a similar lien upon and security interest in all such properly ol each Maker as security for the payment of aI~ other IiaWlities of eath Msk~r to Bank CncludlnB lisbllities ot ~ach Msker and any other person): and Bank shall have the sam~ rights as to such propeKy as N has with respect to !h~ ca~oce?~i. I( Bank deems itself insecura or upon the occu.rence of a~y datault hereunder Bank shall have tM remedies of a secured party under the Un - form Commercisl Code and, witl~out limiting the generality o( the foregang, 8ank shall have the right, immediately and without fuRh~r action by 1~ to ~ set oft against this nde all money owM Dy Bank in any capacity to each or any Obligor, whether or not due, and slso to set off against all other ; liabiliti~s of aach Make? to Bank aIl money owed by Bank in any capacity to each o? any Maker: and 8ank shall be deemed to haw excrcised such i right oI set-oN and to hava mzde a charge against any such money immediately upon the occurrence of such defsutt even though sueh charge Is madt or enterod on the books ot Bank subsequent thereto. U~tess the Collateral is perishabN or threatens to decline speedily In value or is oT s type cus- ~ tomarily sold on a recogni:ed market, Bank wilt give Maker reasonabte notice ot the tima and place of any pubtic sale tnereo( or of th~ t~me sfter whieh any private sats or a~y other intended disposition thercof is to be made. The requirement of reasonaWe not~ce shall b~ met it such notice is msited, ' postage prepaid, to any Maker at the add.ess given below o? at any ofier address shown on the records of the Bank, at least Rw dsys betors the tlme o( ths sal~ or dispositio~. Upon disposition oi any Collaterat alter the occurrQnce of any detault hereunder. Maker shall be and remaln IiaW~ fo? sny ~ deficieney; and Bank sha11 account to Maker lor any surplus, but Bank shalt haw th~ right to apply sIl o~ any paR ot such surplus (o? to Iwld tl?~ sart?~ as a reserve against) sny and aIl other liabilities oi each or any Maker to Bank. No delsy or omission on ths part of Bank In exercising any righ! hereunder shall operat• as s waiver of such rlght or of ~ny othe? rtsht undtr ~j thts nott. Prcsentment, demand, protest, notice of dishonor, aod extensfon oi lime wkhout notice aro bereby waived by each and ~very Oblisor• Th~ : - Oblison. jointly snd sevenlly, promise and agree to pay all costs of colleclion and attorneys' fees equal to l~~~p of the principal sum ot such larger i amounts ss may be ~easonable and just incurred or paid by Bank in en(orcing Ihis note upon the occur~ence of any delauN. Any notice to Msker shsll be sutRciently served for all purposes i/ placed in the mail, postage prepaid, addresscd to or leit upon the Dremises at. th~ addnss shov+o be~or? or•sny Y other sddress sfwwn on Bank's r~cords_ . - ~ "'r: ' • ~~".~rY.~~',~r'~t.~I;-„ • ~ _ ij~ ; :e}r - '~''T•;: = Malur ~cknow~~d~~s ~cNP~ ~•~a^P~eted copy ot thls Not~ on th~ abov~ d~t~. . ~ Rt 3 Box 501 Ft Pierce, Fla G ~s~ _ ~ ADDRESS- : ^ ~ ; \ % -cs~?U ~ . ~ ~y~ (SEI?U ~ ~i~GLI ~ ' a~~ ' - ~ - - } E:,`K 2~5 P~~f 14i3 ~ ~ ~ ,t,~ :..~_.l•-~•.w ri,~'^~.- ~.r,~N'~t!. ~ n • t, •w''•.' . ` f. .o':~ ~4?t.A7<~y~rMf.!a:.. ~)~r~~l?Gl~+' ~ ~ . ' f. 1!~`^ ~ r f~~ ~ _ ' h~ :l ~ ~rii . { ? i ~l/'i~`f I ~ ~ . ~1 'i~r'-~j-. .i"`°t.~,.' ..r. ``y •~,t '`:~r~. ~v 'P~:h- , . . . - ~f . `'G'..Jt`~-~. ~tit_ . - - - . ~ --^-~'=~i:- v~ .w• - . • • - • _ . . , p . . . . • :i ~ _ _ . . - ~ r~` . . _ ' _ _ w~