HomeMy WebLinkAbout1810 To o~r
ri~nolE ~NO C~?t+GEUEO DN~ 11 5ept. , 19 79 ~ 11 se~s. 19 d~ =~.a14...3. $0
loin Temni: ~
P~s : .5.625. 00 s
•______________SDCTY 60 MONTHS-------•--_-
t._._~._---- Nc~oE s l.r_b33.00 i
afbr dab tM undeni~n~d, Mroinafta c~llad Make~, (ointly and ~verolly '
prom iM(t) ior v~tw ~etNwd to pay to ths ordsr of JNa~n d~ath ~ank Mn- _-----~-~~1~--- ~
InaFtK ulled Baok, at ib offic~ at J~nan M~c4, llaid~ ths sum of (total ~~if life (or Ui~ ~ c1~'
of payments) --r_ - • • • ~ ~ ~ ~5.~~~:.-A=~~!..!
~~~_.~.TY~.S ~ Disabflity)1~s.=
~ ~
~a;«~ p1Mr (itsm~~`' ~Q~..._..-~___.___.
with intN~t tfi~r~on d th~ r~N of _4~.44-•---- -~6 PK +~+nun?, all psyabl~ in LWa ~ t~l~': __.,_._.~S-t 00
..._.~o~_ monthly inttallmsnts of i~.~..~3.._.. tath on tt+~ day of
~ch suao~tsiw enonM oormr~nclnq on rop~tM~ with b~' p~~\
19____----•.
t9
• BAUOON PAYMENT OF =_~LO~t. Ous ~.N~d._-----_., ~RNANC~ _ _5. 635. 80___.
A fiM oomputed at th~ wte of =.OS per 1.00 on e~ch installme~l in defauh fa ~~~aMly coll~ct~d
~p~r iod io ~zctu of 10 dsys may b~ che~qs~ th~ Maker. No such fins shall exceed (itemi~)
=5.00. N4k~r ts roquirod ro p~y ali costs of collectio~. includiny a roasonable attor-
ney's fes if nferred fw oollectioo or ley~l proosedirqs. All peyments, whether ptin.
tipil, intehsf o~ Wherwiss. not received when dus shall besr interest at 1096 pe~ _-------•-----_--.-Q~-
annum from dw daro until paid. Ail psyments msde hereunder shafl be credited ANNUAI PERCENTAGE RATE 9f.
flnt fo tnterost, then to lawful charqes then acuued, aod last to principal.
If th~ Iwn bprepa id in full, aocelerated o? refinsnced, the Maker shall as of the dete of tuch event roceive such refund of the un-
Nm~d portion of th~ uedit lih insuranc~ premium and finsnot charqs ar+d such othe~ credit as may bs required by I~w or ss msy bs
neosssary to woid usury, provided fhat the Holdsr may ro~ain a minim~m finaoce charqe of s25.00, whether or not othe.wise ea~nsd,
~nd excYpf in the case of a rofinantiny no finance tharye or premium refuod shall be made if it a~nounb to iess tFan =1.00. Retention
of a~y minimum fi~?enas shall be in addition to service char9e if •ny. Any language elsewhere herein to the contrary notwithst~ndin~,
n~ither Bank nor any holder heroof shall rcceive o. retain any charge or interest not allowed by law.
As security for ths payment of thTs note AAaker has pledqed or deposited with 6ank the followirq property:
Lot No. 45~_Windmill Vills~e~Jen~en Beac6..__Florida_ as _desc~bed ia said mo~ge
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(i~cludinq atl tesh, stock snd other dividends and all rights to subsc.ibe fw securities incident to, declared o? granted in connxtio~ wifh
suth property), which property, together with all additions and substitutions hereafter pledged or deposded with Bank is cslled tF~e Col-
lateral. The Collateral is also pledged as security for all other liabitities to Bank,~(primary, secondary, direct, continflent, sok, joint o~
several), due or to become due or which may be hereaffer contracted or acquired, of each Maker (or of eacfi Maker a~d any other per-
son~ The surre~der of this ~ote, upon payment or otherwise, shall not affect the right of Bank lo retain the Collateral fw such other
liabilities.
CREDIT IIFE AND CREGii i~« DISABIIITY INSURANCE ARE VOIUNTARY AND NOT REQUIRED fOR ~RE~IT_ Such i~?suronoe
coverage is available at the coat designated below for~the term of the credit: (a) S for Credit life In-
suranoe (b) S for Credit life 3 Disability Insurance: .
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Check
Appl. Q Credit Life Insurerxe is desircd on the life of - - . - . .
Box
&rthdate - - - - - - -
? Credit Life d~ Disability Insurante is desired on
Bi?thdate - _ - _ . - . _
~ edit life and/w Disability Insurarwe is not desir • - - - -
~ v_ T. RUTH SLIGER
Dste: ~ _1,~7.~ Signaturo . -
~ , -
.
S~gnaturo - . .
AddiYw~s to, reductions w exchanges of, o? substitutions fw the Collateral, payments on account of this loan w increases of the
sams, or other Ioans made partially or wholly upon the Collateral, msy frwn time to time be made without affectirg the provisions -
of this rwM. Bank shall exercise reasonable caie in the custody and p?eservation of the Collateral to the extent required by applicable
statute, and shall be deemed to have exercised reasonable csre if it ?akes such action fw that purpose as Maker shall rcaso~ably request
in writiny, but no omission to do any ad not requasted by Maker shall Ee deemed a failure to exercise reasonable ca~e, and no amis-
sion to tomply with any roqusst of Maker shall of itself be deemed a failure to exercise reasonable care. Ba~k shall not be bound to
take any steps necessarY to P?esene sny rights in the Cotlateral agsinst prior paAies and Maker shalt take all neaessary steps for such
purposss. Bank or its nominee need not colktt interest on w principal of any Collsteral or give any notite with respect to it.
If ths Collateral shall at any time becort~e unsatisfxtory to Bank, Maker shall within one day aher demand pkdqe and deposit
with Bank as part of the Collateral additional property which is satisfactory to Bank_
If 8enk deems itself insecure, or upon the happening of any of the following eveots, each of wFiich shall constitufe a default here-
uoder, ell liabilities of each Maker to Bank shall thereupon or thereaher, at the option of Bank, witbov~ notice w demand, become due
~ and payabte: (a) the failure of arry Obliqa (which term shall mean and irxlude each Maker, endwser, surety, and gvarantw of this
~ note) fo perform any syreement hereunder, to pay interest hereon wirhin ten days aRe~ it is d~e, w if there be ~o d~ date, after it
i is billed or othstwise roquested or demsnded, to pay any other liability whatsoever ro Bank when due; (b) the death of any Obliyor;
i (c) the filirq of amr petition under the 8ankruptcy Act, or any similar federal or state statute, by wag ainst any Obliya; an ~epplica-
~ tion for the appa ntment of a reoeiver for, the making of a neral assignment for the benefit of aeditors by, or the insolvency of sny
Oblipor; (e) the entry of a j~emen t inst any Obliyor; (~the iuuing of any attachment w gamishment, w the filiny of any lien,
aqainst amr property of any Obli~or, (~the taking of posseuion of any substantial part of the property of any Obligor at the instance
~ oF artiy qo~vernmsntsl eufhority;~h
) the diuolufion, meryer, consolidation, or reorganization of any Obligoi; (i) the suignment by my
Maker of any equify in any of the Collateral withovl the written consent of the Bank. Each Obligor {xrcby waives arryr requirement of
notios or dertbnd roflectiny such aocekration insofar as such requirement be in addition to the mere exercise of any remedy sfforded in
thh Not~ or the irutitution of wh by the theo holder. •
8ank sF~a11 have, but shall not be IimiMd to, the folbwing righh, esth of which may be exercised at any time whether ot not this
note is due: to pledfle o? tronsfer this note snd the Colleteral and Bank shall therevpon be relieved of all duties and responsibilities
hereunder and reliaved fram amr and all liability with respect to any Collateral so pledged or transferred, a~d arry pled9ee o? trans-
feres shall fw all pu stand in the plaoe of Bank hereurxkr and have all the rights of Bank i~reunder, (iy to transfer the whole
w ar+y part of the lateral into the name of irielf o? its nominee; (ii~ to vote the Collsteral; (iv) to ootify the Obliyors of sny Col-
fals:a! ta asske payment to Bank of any amounts due or to become due therew~; (v) to demand, sue for, wllect, or mske any compro-
mise or s~ttlemsnt N deems desirabb with refercnoe to the Coilateral; and (v~ to take control of any proceeds of Collsteral.
Bank is hereby ~iven a lien upon and e securiry interest in all property of each Oblig:x now or at any time hereafter in the pos-
~session of Bank i~ eey capscity whetsoever, includiny but not fimited ro sny balar?oe or share of any deposit, tnnt, aagency account,
as fhe securify for thepsy ment of this oote, and a similsr lien upon and security interest in all suchp~ operty of escfi AAaker as security
for th~ ptyment of ~II ~F~er liabilities of each Maker to Bank (indudirq liabilities of each Make~ and any other penon); and Bank sFull
havs ths same ri~hri as to s~xh property as it has with rospect to ths CollateroL
If Benk d~ems itself insecure or upon the oocurrenoe of any defauh hereunder Bank shall have the foretlosurc snd other remedies
of a sKUrsd par1Y undsr the Uniform Commercial Code, or other applicabk law and, without limiting the generalify of the forcyanp,
Bank sh~ll have the riyM, immediately and without fuAher action by ~t, to xt off against this note all money owed by Bank in any ts-
pacity to tsd~ or arry Maker; snd if such set off shall oaur, Bank shall be deemed ro have exercised such riflht of set off and to havs
made a ch~~qe ayainst a such naney immediately upon the occvrrerxe of such defauh even tho~gh such chsrpe is ~nade w e~tered
on tM books of Bardc w~uent thereto. Unleu the Collateral is perishaWe or threatens to dectine speedily in val~re or is of s type
custansrily sold on a recoynim! marlcet, Bank witl yive Msker resso~able notice of the time snd plaoe of any public sale thereof or of
ths tims after whkh any private sale or any other inte~ded dispositio~ thereof is to be made. The req~irement of reasonable notite shsll
~ bs m~t If such notias is maikd, postage prepsid, to any Maker at the address given below or at any other address shown o~+ the ret-
o~ds of the Bsnk, at kast five days before the time of the sale or dispositan. Upon disposition of any Collatersl after the oaurrence
d amr defauh hereund~r, Msker shall be and remain liabk for any deficiency; and Bank shall aaovnt to Maker for arry surplus, but
~ Ba~k shatl h~w the ~ht to sppty ell or u~y psrt of such surplus (or to hold the same as a reserve against) any and all other IiabiliYas
~ of ead~ or any Nl~ker to Bank.
No delay or omiuiw~ on ths paA of Bsnk in exercisiny arry right hereunder shall operate ss a waiver of svch ri~ht w of any other
riyM un~Nt fhis note. Presentme~t, demand, protest, nofioe of dishawr, snd extension of time without notice are hereby waived by
eKh and every Obliyw. 7F~e Obligon, jantly snd severolly, promise and syree to pay all costs of collection snd reasonabk attorneyi
fess (nor less tha~ 10% of the p?incipal sum) irxurred or paid by Bank in enforcirg this note upor? the oau~rorxe of any default.
My notios to Maker shall be suff'~ciently served fw ell purposes if left upo~ or placed in the mail, postage prepaid, sddressed to the
pnmises at ths address shown below w ar?y other sddress shown o~ Bank's records.
Wherever this nofe is exearted by a co-malcer or endwser who is the wife of a maker or endo?ser, the ssid wife does hereby ex-
- prsssly ~du~owl~d~s the within debt as her joint and individual debt.
Ead~ af Maksr ecknowledyes reaeipt of a compteted copy of this Note on the e6ove
510 S. E. Sixth Street__~- -X----~-- - L~- e~---- cs~4
T. RUTH SLIGER
. Hialea6, Florida 33010 -
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dooK243 PA~E2810
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