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promis~(~~ for valw nc~iwd b P+1r M tM ordK of Oocw+»e~ary i.._.....__
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- Intere$t s
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.«h woWS~iv. n+«?~A Qonw++w+anp on Q~t.,~ 15 . 193.~.~. +opMM~ with M 8, 415.•60~
~ dAtICON *AYMENT OF i......_ - - - - - Ou? ~ _ 19 - EflIANClO i .
A Ne+~aomaN~d a~ th~..» oi i.os aK I.oo o~ «d? im1a~M~tnt in drfwlt Mr s.p~,.ah?co~l«»d 85. 00 T le Ins.
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~i' .00. MdtM b t~qui~d b q1/ ~N ~ of aolNc~be. inciudinp ~ rNfon~bi~ aMon 8~~~ f----............._..a..__....
rwf/s fN if nhrnd (ar ooiNelion w iw•+ woa«~o.. Ni v~~. ~h« a~~- Int. Tax s._.__..._ ~~Q.
dPd. MN~1 w ollrtwis~, eal no~iwd wMn du~ sA~il b~ inNr~s/ at 10% P~
annwn from dw dN~ urMtl P~Id I1K P~Yn~nb md~ h~nued~ aMll b~ a~di~~d A~ ~A~ RATt %
e~rst ~o u+t~t. th~+ a bw~ul di«~. tMn .«~~+.d. and I~st ~o a~~tpd. .
If tM lan b pe~p~id tw ivlb amalKaNd a r~MM+o~d. th~ N1~Iw si+~i{ u d th~ dat~ of weh wMt naiw weh ~fw+d d Nw un~
e~.n~d PoAk^ of tM areM? lib imwano~ P~~+~ ~nd fina~~a cM a~+d wd~ oM~ cndi~ amay b~ nquind b~r law w~s m+Y b~
- n.o~s~.~y b avoid uw~1?. P~'a^~~ ~~~~oida mh? ?.+sM+ ~ mi~ fina+o. duro~ of 3ZS.00. wM+hs. a na a1~wi~ ~n~d,
~rd ~~M in th~ eaN ot • no ftrw~ eh~ep~ a pr~w+i wn ~(und sh~ll b~ mad~ if M~n+owNs ts Isss ~Mn :1.00. R~NeNion
of aq n~in{nnnn Rn~ shiH b~ in to s~evio~ ch~p~ if any. MY ~~N~ e1~wMr~ Mrtin to tM oontrary notwhl~staAdie?0,
. n~itMr lank na +nf? l~eld~r Iw~ef sMN naivr er-nt~Mr+nf? cfi~q~ or IM~ra? no~ ~Ilow~d bY
~ ~pN~ t0? 1~M ~'IMII~ Of ~~I~i ~q» ~I ~IM ~ p ~ Ml~M1 SiH~! lhf ~ w ~ r ~ ~ ~ ~
REl~L ESTASE MOR~~'d~'F' A~ aT~D~IUNAL COL7~ATRAL----------------
~r~~~~r~~~~~~~~~~~~~~~~~~~~~~.~..~~~~~~~~~.-~~~w~~~..w~~w~~~~..~~~w~~ .
" (indudin0 dl cash. sfodcand a~Mt divid~nds ~nd ~ll riplns to w6acRb~ for s~curitNs iacicl~M to, detla~sd o~ prs~?t~d in tar+~dion with . .
• suehaprop~e~y). wAieh Props*h. 1e0~el~ wi~h aN addiMo~a ~nd subatitutio.a F~fMr pl~d~d o~ d~poslted with d~e?k is all~d th~ Col-
la~ 1. Th~ Collaesssl Ia abo pNdq~d as s~eutity iw ~t{ o1F~ li~biliti~s to dw~k. (pin?~Y, t~eond~rY. dinel. eoniinp~M. sol~. ioi~M or "
. - s~wnly. dw a to b~oon~ du~ or whkh en~y b~ I~wf~ eomraebd or ~uihd, of sach lN1ak~ (o~ d s~eh MakK and ~r o1Mr psr- _ -
. son~ TM s~e~d~ o~ ~.:nW~. P+~ a~+~+~+• s~+~ii not aff~t tF~.ripht ot lank to-nfain tM Co1laNrai fa weh otMr _
- liabiliti~s. - : _ . • - .
CREOiT t1FE ANO GREDIT UfE i DISI1dIlfTY INSURANC~ ARE VOIUNTtiRY ANp~ ~T~g~p~ IR~ iOR CREDIT. Sud~ toswano~ -
oow~p~ ia availa6l~ u tM aost daion+t~d b~law tor th~ ta~n of +h. cndH: i.3~~~...~-_ ~ for G«lA Uh Irr
wrana (d) i~" ~ Cndit lifs 8 Di~biliry~ Inwr~KS:
~ ~ u~dit lif~ ~rou~«ia. b dair.d on ths ~i~. ot F~~_~acL.TAHI~/~K
8oic sirthdM~ ~ _~_24.
p G~d'd tif~ i Ois~bility haunna tf dalnd a+ " _
d .
p cr.dtt tNs «+ai/a Di~abtlil~r iraur.no~ is
pal~ ~.€F~~.~.:._-L2~ s~w~+~ .
- - _ _ . , : _ sqnnw. . .
AddiMoir % tidudia+~ or ncd~aerpn of. a wb~tihrtiar for t!M Collataat, wvmMts on seeairN of this loa++ a iernas~a d tt~
sam~, or ctMt lo~?s en~dt P~~~1? o~ wholly ~~POn fht Co1iNMd maY ftan fintr b tinw be n?atM wilhovl affKfinp /M provbi0~?s
of this nd~ Sank shall ~~ard~ r~onabb art in fh~ custod~r ~ p~rvMion of tlr Colkreal w th~ ~xNM neN~i?~d M+PO~K~
stmrt~, and ~{I b~ dwn~d to haw ~zKCi~d rw~onabb ur~s if H tak~s such actioe for tMt pwPoN ~s Msicu il?sll n+sawblY ~qwst
in writinp, but no oenisssion to do +nY aet nof n4wN~d bY M~kw sha~l be dNnNd ~ failwt to ~~csrcfs~ ~son~bl~ can. a~d no aenk-
sion io e+ompir wi~h anY ep~+~t of M~kn sMll of i1~lf b~ elMnnd • f~ilur~ to axKds~ n~sawblt un. Sanlc shall no1 b~ boued to
tak~ any s1~P~ rworsswY ~ W+w^~ M'f?~ip1M~ tn IM CdldNal pair~? Priw Pa~tiK and Make~ sMll tak~ slt ~?~oessan? st~pa tor sud~
purpaM. dn+lc o? its non~rs i~d nof aoil~ i~N~t on or prtncip~t of ~n1/ Co1laNral or ~ivs ~ny no~ios with r~sp~ct to H.
~ If th~ Cotlalwa! al+~Il at +n1? iM+~ b~oonM ~~etorll sMli withie oew day ~it~r d~n~and pbdp~ and d~po~it
- with 6~k a p~r d th~ Coil~Nrd d~Hond Prop~ef~r whkh is a~tbfadorf? ro Ba?k.
If oaeac dMn+s it~1f ins~ow~, or upon tht M~~ofany of tM tolbwin~ swab, s~eh of whkh s1+s0 eoeutituN a drfault Mrr
und~?, all li~6tliti~s of ach MakK fo lar~k ~Fwll or tf~e~eafar, a tht opqon af dank, withaA eotiaa o~ d«nsnd, b~mm~ ~vs
~nd pa~yabNs tM fsilw~ of +M Obi (whieh Nnn sl+sll en»n ~nd inefud~ s~ei? M~k~r, atidon~~, s++n1Y, aid ~uawMOr of tl?is
not~) to P~~ +~Y ~~w b phr ~ h~c~ witt~ q~n d+YS ~iNr it is dw, or H tMe~ M rw dw dM~, st1K h
is billd or alhsrwt~ n4uMt~d or dMnand~d, fo p~y anf? o1f~ lial,ility whMsosver to d~nk wMn dw: (b) th~ dNfi~ of +nY Obl t
- lt) N» ftlhg aE any pshtioR ~ ehe d.edcruplcy /1ct,- or ~+1r si~+.it+r t~r~l w st~t~ stat~l~t, bv or aoai~uf +nf~ Gbiqw: t~ ~
tiae for IM ~ppoinlnNrM af a ne~Mn fo?, tM malc' d~Q~e~eral asi~ewrwnl for tM b~nafit of uedilon by, w tF~ insolwney ~r~y
t~bliqors ~~~11 t ~+nY ~~t (fl 1~+~ issuin~ of sny altachmsm w yarn'uFrneM, a tM ~liny d any licn,
pains! any prop.rh? of any
O~i~o
~~-(9 th~ talriev of aosNSaion of «y wbsta~tid p,rt ot ~hs vrop~rty o~f ar?y Ob~iqo. at th. inst.no.
of ~ny 9p~wrneMrN~1 ~i1y: ~f+) th? dissoiution, rt~t+p~. eonsolid~tion, or naQaoisstion o( •rry Obtiyw: 1M sssiyrNeNnt bN +ryY
Mak~? af any ~quity in any ot tns Collat~ral withovl tM writl~n oonssm of thc Bank_ Each ObliQor Mnby waives any reQvire+n~nt o(
' not;a a d~n~nd refbctinp wd, ~oo~ier~tia~ insdu a wch nquiren»r~t be in ~ddition ~o the mere exsrche oi any rem~dy afford~d in
fhis NoN w tM instituMan af wit by tM fMn holder.
Sank sh~ll haw, bur sh~ll not b~ limit~d to. tM~ folbwinp ?i4d+h, ~ad~ of which m~y bs e~cis~d at any finw vrhstF~ or nof Mis
ewt~ ~ d~; (i~ to~ or transt~t Nds nols and th~ Col{at~?~I snd Bsnk shall therevpon bs rslieved of ail duties and responsibilities
beround~r aod rel' kan any a~d all liability witl~ nsp~ct ro any Collata~l so pledyad or ~rsnsfernd. ~nd aoy (dedQs~ a tn~-
~ fare~ shdl fa ~1{pwpw~s st~+d in th~ pl+o~ of 8~r?k h~~ew+d~r and h~w ali tM ri9hh of Bsok hertu~d~r; (i~ Io hu~sfer th~ whole
~I w any paA of tM Collahr+l into tM n~en~ of irieH a its no~»inM: Ci~ to vob the Collatenl; (iv) to rwtify tM 061iqors oi ~ny Col-
Istsr,{ to m~k~ piym~nt to 8+nk of any amoums dua o~ to b~cant dve tMnon: (v) to d~and, sue ta, oollact, a m~~y oon~po-
mis~ o? s~tti~nt it d~ d~siwble wiM r~fK~nct to th~ Collat~ral; ~nd (v~ to take control of any procaeds ot Coitata(al.
Bank is hK~bfr ~hr~n a li~n upon and a s~curity intKSSt in all pr~opsrty of each Obliyor now a at any time henafi~r in the pos-
~ xssion of Bank in se~Y ca0~ub whahosv~. Includiny b~A not lim+tsd to any bslu~ce w sharo of uyr deposit, trust, as~sncy account,
~s the s~cvrily for ths p«arrtwnt of tF?is rat~, and a similu lien upon and sscurity interest in ~II wchpr
operty oi e~ch IN~ker as securi
rat
~ for ihe p~ym~nt of sll Mr (iabititi~s of e~ci? Nbker to Bank (inc{uding {iabilitits of eatfi Maker and any other pe~son); and Bank sha I
haw fh~ s~ riyhts as fo such propsAy a it ha~ with rssp~ct to the Collateral.
if 8ank de«ns itsdf i~s~cun o~ upon tha oocurrena~ of any default Mrevnder Bank shall h~ve tla foredowrc and oth~r remadies
~ of a aecured p~rfy unda~ ihe Uniform Conxnercial Cod~. w ofher, applicabis law and. without limiti~ the qener~lity of the fore9arq.
? Bank shail haw tM rishl lnKn~diat~ly and withoul fuAhK action by it, to set off ageinst lhis note al money owed by Bank in any u-
; p~city to each a amr Ma~C~r: and if such set off shall occw. 8aek shall .be deemsd to havs ex~rc+sed such r'~hf of sel off and to fiavs
` made a char~ ay+inst arry wch mon~y immediately upon the aavrrence of such de(auh ewn tfwuyh such cba.~e is made or enrsrtd
~ on the books of d~nk wbs~qveet eher~to. Unl~ss tM Colt~teral is perish~W~ a throstens ~o deciine speedity in wlve or is of a typs
custom~rity sold on a ntoqnizd ma~kM, Bank will 9iw l~ikll ~lifOnitflt tWfiC~ O~ th! fit~f! arKl pIMR Of itty {fUblit f~l! Ihl~tOf 0/' Of
tf?e time after which any privat~ sats or ~ny oeMr inter?ded dispositioo therwf is to b~ mad~. 1M requirement ot reawn~bls notic~ sh~ll
bs met if such nwic~ is mail~d. postaps pr~p+id, to s~ny Maker ~t the ~ddress given below a~~ ~ny o~her ad~~ress shown on the rcc-
ords of tM B~+k, ~t {s~st fivt d~ys b~fa~ ri+e tim~ of the sal~t a disposition- Upon dispositiw~ of any ~oll:teral aher the occurcence
of amr defwlt henund~~. AA~kN sh+ll be and remain liabk fw ~ny defiuency: and Bank sh~ll sccouM to AAaker (or any swplus. bvt
i Bsnk sh~ll hav~ th~ ripht to +pply a11 or arry part of such surplvs (or to hold tht same as s reserve aqainst) a~y and all Wher liabilities
~ of each w a~y IlMker ro B~nk.
No d~l~y w omission on the pat of Bank io ~:~rtisirq any ri4ht he+~und~r sh~ll openro as ~ waiver of such riQht w of ~ny oM+er
~ riQM vndt~ tbis not~. P~esenm+en~, dan+a~d, protest, notice of dishona, and txtsnsion without notice are hereby waived ty
; each and tv~ry Oblipw- Th~ Ob~iqas, iointfy and swardly, prom~ss and a~re~ to ~II of collettion and ro~sonable ~nwneyi
fees (ew I~ss tha~ 107L of th~ princip~l swn) inc~rred a ps~d bfr Bank in enf ' ~fiis e vpon iTK :wrenu of any def~uh.
Any notiu to AMk~r shall be wfficiently st~wd for ~II pu~pos~s i~ I~h upon w aud ' ~hs ma~l, poat y?s id, dresse o ~M
prsre?isss st t#?t sddress shown Mlow a sny o1Fur ~ddr~ss shown on 6ank's r
E Wh~rwar this not~ a~:~cvted by • cwn~k~r a a+dors~r who is tF+t wi M w• ~
: p?essty acknowl~dp~ ~M within d~b ~s her joint and individual debr.
s Esch of Maker ackiwwbdq~s rsceipt of ~ con+Pl~t~d cePY of this N -
` 1156 Seaway Drive _ (~aq
~ ~ nk . a .
i Fort Pierc F o ida ~ . ~s.,4
' gQ~ ~ J oan M.. Stahlak .
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