HomeMy WebLinkAbout0056 ~ " . .
~
~ ~
t~A IOAN NNM~!
~ NOTE ~ ~
~Fort Pierce, Floiida
~ . - (Citr ua st~tel •
~ ~ 55~000.OQ~, ~ . (pate) OCtObe1^.17~ .197 g
` ~
E'or valoe received, the nadersi~ed promiaca to pay to the ordet o( Surf Rankef . St~ T.~u!i ~(`ntmfX~,~
~ . '
= l Pay ee) ~
~ otr~~ ~p a~~ ~~~y or Fort Pierce , S~„~ ot Florida ~
- or holder a option. al anch othe? plece as may be desi~qaatcd (raa toae to time 6y ttic holder - ~ '
~ Fifty Five Thousand~and no/100---=-----------=----------------
dollars.
? ~ (write oat ao~ount)
r+i~b ia~ercst oa uppaid principal computed (roA ~he date ot ead~ advaace to the uadetsi~ed at 1be ate oi 9~ percesi
i .
~ pet aaous, papmeat to be m~de is inatslimen~w sa (e1loMra:
.
Installments, including principal and interest, each in
the amount of $711.70 ~ p8y8ble monthly, begitud.ng ~
, tt~?o (2 ) months from date, each said inatallment
to be first appiied to interest accrued to the date of '
r, -
~a receipt of said installment, and the balance, if aay, to~
;
;f pr~ncipal, and the balance of principal and interest pay=
~ able on ar bef.ore ten 10
! ( ) years fraa date.
1 ~
• -
~ Paymene ot enr installment of principal or iatereat owio6 0o tbia Note reay be made prior to tbe mstariry d~te the~eot ~rit6o~t
! Penalq.
~
! 'lbe term "todebtedness" aa used hereia shall meaa t6e indebtedaesa evidenced by this Note, iaclnding principel. intetest,
E. and e:pensea, whether cootiegmt. no.v dnr or 6eres(ter to becwpe dne and whether hereto(ore or contemporaneonsly ~erer+il6 or
hereatte~ contracted. The ten+n "Collateral" as osed in this Note shall aean anr (oads, ~uarantiea, or ot6er properep or ri6hts
thereis of aar aatore whatso~•er or the procecds thereo! whic6 may 6ave been. arc, or I~e~ealter may be. bypot~ectted, directly or
indirectly by tbe ondersi~ed or othera, ia coanectioa rrith. or as aecuritp tor, 16e iodebtedne~ss o~aay part tbeteo(. '11~e Collater-
al. and e~cl~ part tkereo/. shall secare t6e tndebtedaess and eacb part t6eceof. '11~e covenaats aad conditioss set to~~ or re(erred
to in any aod'all inatromenta oi hrpothecatioo constitetin6 the CoU~teral ~re 6ereb~r incorporated i' thia 1Vote as coven~ats esd
~ coeditioas oi the naderaigaed with the same (orce and ettect ~a t~on~ aoeti covenmts and conditioes ~rere h11p set (ottL 6ereia.
~ 71~e Indebtcdoesa ahatl immediately become dne aad payabie. witdoot notice or demand, npoo t6e appoiuuaeat of • teceirer or
~ liqoidator. ~r6e~6er voluatary or iavolantary. tor the oederaigaed or (or aar ot its property. or epo~ ~he (iliws of ~ petitioa br or
aEainst ehq oadersi~ed under the provisiooa o[. aar State iosolvency law or nadec ~he provisioua o( 1be $aok~ptc~r Act ot 1898.
~ as aaended. or npoo the mskin,~ by the underai~ed of an assi~ment for the bcae(it o( its creditors. Holder is aothorised to do-
` cl~re all or aoy pan o( the Indeb~edecsg immedialely dne aad paysble npoe the happrniaE ol any o( the follo~+in~ evests:
~ U) Failore to.pay anr part o( ~he lndcb~cdoesa vrhea due; (2) nsaperforn~ance try the ondersi~ed o( any s6reanest ait6. or anr coa-
, di~ioa ioposed b~r. Ilolder or S~oal) Busincss Admieistration (hereioafter called "SBA"). or ei~her o( tl~e~, wi~ reapect to tLe la- _
~ debtedoesa: (3) Ilolder's diacovery of the oadersi~~d'a lailare ia any aPPlication of ~he nadersi6ned to Holder or SBA to dise~ose
! aov (act deemed h~ Holder to be material or o( the makinR thereio ar io any ot the said agteemeets. or in anr affidavit o~ othe~ doc-
~ omen~ssubmitt~! in conoection with said applicatioo or the indebtedness. ot aar miarepreseatation 6p. on behalf o(. or for t6e beae-
~ lit'ot the nsdetai ~d: (41 the reorganizatioa (other ~hae a reor6aniza~ion parsnent w any ot 1he provisiooa o( the BankrnptcJr Act of
; 1898. as ameode~ or merger or consolidatiun of the anderaiBoed (or ihe making ot any a~teemeot therefot) wit6oat the prior ~rriltea
conaeot o(Halder;K51 tAe undersi~poed's (ailur~ dulr to acconnt. to Nolder'a satia(action, a~ soch time or timea ~a qolder iety re-
qoire, for aor of ~he Colleteral, or proceeds thereo(. coming into ~he control ot the undersi~ed: or (6) the inatitntioa oI ur auit
•tfectin6 the ondersigned deemed by Flotder to af(ect,adversely its in~rrest hereander in ~he Collateral orotbenrise. goldu's ia[I-
are to e:ercise its tig~ta onder tbis pera6raph shall notcoostitnte a wraiver ~hereoL -
~
~ BOOK 24~ PACE ~
~ ~
~ SBA FOIiM f1~ 1e-71) f1EF: HO SIO-1 PREVIpUS EOITION! AN~ iBA FORMS 151, 326A, S30 ANO SlOA Ap[ OOfOLET[
s ~'~g,. ~ .
4:.
- . -
- - -