HomeMy WebLinkAbout0228 ' N~ N~ Q~~~ 7 oat«~ 10 19 ~ ~c~ t 16:... ts QQ = 4,,,~ 503.00 ' ,
: ; . . . . ; . 'l: _ : ~ ~ ~ _
_ ~ ~ 3licty (60) :Montha_ ~~~j:~ -;;.r~ ~ - ~ _ ` s-~~ ~ _
~ftN dab tM .und~niqn~d. h~~tnaft~r all~d ~Makii; ~ioi~tly ~nd i~vKily = - _ . ~ :
promis~(t) for valw wuiv~d to pn? b th~ ord~r of b+~s~N Nad~ laelc h~n- i: 6.90 .
tnai»r calbd Bank, at its offia d J~nWS Macb. Ne.ida th~ wm of (total -
$~oui~iousan ve un ee . an ~'~iiy)
~,i ~one .
, wilh irtnr~t thK~on it th~ ra» of! ,~.Q ' '~f,.p~r'uw~um.~all'~p~yabl~ in a~~~ia~ _ ~ • - - , . -
- 60 nwntl,y tn~iwna±» d s~-75.OS ~.~ci,: a? N+.~ ~16thd,~, cf Loan Feea - -
~ .~ch a~oo~iw moeal+ aonrr?~e~i~w on_ • • Nov . 16 ._,10 ? 5 ~ wQ.N,« with ~ s - - - -
_ _ - - . ~ _ . :
: ewuooN rwY~r of s . NQne ~ o~,. _ _ ~ ~ o _ - u~°up~ ~ _ ~3 ~ 5 31. 90 - ~
A Rn~ aanpuhd at tM rat~ of =.OS pK 1.00 on ~ach ins~alln~n? in d~favlt for
~apa
iod i~ ~xc~s of 10 days maY b~ ch~~ H+~ lM~ktr. No wcb fins shdl ~xud -
t5.00. M~kir is rpuind to piy dl o~» d cclhctbn; includlnq ~ nason~bl~ attoa = ~
n~y's f~e if nhrr~d for aoU~ctbn a Ipal Proa~dl~qi. All paym~nM. wM?hN prie.
cip~l, int~r+st or otM~wls~. no~ natwd wFMn dw ihal) b~N interat ~t 10% Wr - s
aenum from dw d~t~ unHl paid. Al) phr~nb matl~ h~rwndK sh~il b~ cndit~d ANNUAL l~BtCEHITAGE RATE _,1,Q_ % .
first ro inNr~st. N+a~ ro lawful d+~s tMn ~cuu~d. and.lat to P?inaP+l.
If tM Iwn isp~~paid in fult. saaiK~t~d or n~in~nad, th~ MakK shall as of tM daf~ of wch w«k r~uiw wch hiww! of Nr un~
~amed r~ja+ of tM ehdit Uir insunna pnmiu+n and finsno~ eha~ and weh otF~. rndit as m+~? b~ e~puind by I~w or ~s ma~? b~ ~
r~as~ary ~o ~void uwry. provid~d that th~ Hold~r m~y•rN~in a rt~inimum finsnt~ e~arq~ ot =ZS.00. wh~M~r or e~w otl~wi» wrr~d, _
a~d exupt i» t1~ ca~ oi a»ftn~ndnp no HMnc~ cMrq~ or prert?ium nfw+d sh~il b~ m~ if M aenounb to I~ss 11w+ i1.00. RM~+tion
of ~ny minimum finana shall b~ io aJdMio~+ ~o sKVia eha~ if any. My la~puay~ ~Isrwh~ h~in fo tM eoeMr~ry ratwiNKtandinp, _ .
n~it1+K 8ank nor any. holdK F~no#'shaN naiw o. ntsin ~ny thar~ or (nt~nst nof ~lbw~d by law..
/1s ~ewity ior tM oi is ~ AA~k~r pl ar d~po~ited with Ba N+~ folbwin~ pro~e~n
- . ~ -•.~~t. - I~or~qaqe ~'om~e°~mprovement `~`.oan - . . .
. - - - -
(iocltdinq.ill Ca3hr~iloCL' and atwr fiivid~eds and alt riqht=. ro wMcrib~ lor suwirfes inad~ru ta ~cla~~d ory~
itltd i11 W11~1Kti01~ w1111 ~
such p?operhr), wf+idt P~~Ni M~ vn'iFi ~Ii additlota arid tubstilutians MteafNr placly~l ot dMosiNd with BM+k h p11W tl+~ Coi- •
• tareral. Th~ Goitatersl is alsapld~d srNCUMy fo?•~li ofhr? Itsbiliti~ to 8ank. (P?1m+ry. s~cp~dirY. dinc?, aa??N+OM~t. aob, joint ar
' severa!), dw or w b~canr dw or whkh: m+Y b~ Mr~afeK oontnct~d or acquirod, of each ~lar (or af ~ad~ N1~IoK ~nd any e~h~? p~ . . .
- -_son~ TM swrend~r of lhis nW~. uP~ W1n+nnt oi o~h~rvvit~: s1+a11 no1 ~ffad iM ripht of 8anlt b rNaln fl~ Coll+htal far wclf oNM? _
li~biliti~s. . . .=,~t== _ :i-- - :i---ii ~i:-- - - • ~
_ ptEDtT UfE ANQ CREOR' UFE~~: OtSABItITY_ INSI)RANCE-'ARE VOIUNTARY AND NOT REpU1R~ fOR Ut~1L Such insu~an~s -
a~vsraq~ is w~ll~bl~ a tM oost d~siqn~hd b~low"foc•tM hrm of tM cndih i for Cndit LHr N•
- wranoe lb) i ' - - --fot G~dit tifs 6 Disability tnawa+ok _ _ ~ -
~ ill~-~ • ~ ` • .~~i1~ ~
~~~~.:~~1~~:.t+1~:.~1~;v~M.C~A1S[S~: $~wl~~Tv c 1i_- ~ - . - - • ' . ~ '1y
~ ' ; - App1, p c.r.dir=
tN. ~ irow.no._ts _~isird _a?.th. IUa of,~_,..; _ _ . ~ _ , .
; ~ ~ ~ ~ ~ ~ s ~ i' ,
;8i~thda?a =
_ = Q Cr~d~ Lifii,0lia6ility:haura'no~ lcdairad on - - ' -
. . . _ ii ~ :i; _ ~f~'- Blft~tl - . ` ~
- = Q~ Cr~dit tih and/or Dis~Mlify-Irauisiia.k=rw~ d~iind. . ~
= =am., October • 10~~-=1975•+i.-s%,,,~.: X"`'. - - - . _ _ - . _ _
. _ _ _ r,~~- _ ~z:=--.~~- Clau e A. Clefton • ; ~ _ • ~
_ Additions to, r~du~fiant or ~cchany~s of, ot wbstitutions foi the Collat~ral. P~lm+enls oe aooout~t af this loan or teeew~s of tlw--'~':-:'+
+ sam~, or othK loana med~ P+rti~lly or wi+olly upon tM Col(atenl, m~y from tims to Hnw bs msda witl+ovt aff~sc~irq th~ p~ovbions
. af this not~ 8ank ~1~a11 ~~arcis~ r~nauble tere 1n th~ tustody aod prts~rva1ion of th~ CdtatKel to th~ sx»nt ra41+ired bY +PP~~+~
, atahm, ~nd sha(I b~ d~ernd to hsw ex~ras~d nasonabl~ care if it tskes sud~ action fo? tl+~f pwpos~ ss IUI~IcK shall hssonsfily ?~qu~t . .
io writinp. but ~o anission to do any aet no~ requssted by Msk~r sM{I d~wnsd a failurs b~x~ae r~asanabb an, snd no anis•- . -
~ , - sion to oomply with any-~st of MakK shall of itadi be de~mad a failun b exe~ris~ naaoa~bf~ ura. Bank abatl rwt b~ boa+d ta -
~ : tslc~ +nY shps ewass+7 toPns~rw ~nV~ riQhts Fn t1~ Cdlatenl apiinsfpriar prrti~s and 11A~lur shsll tslc~ all n~o~ssary s~ps for wds._ . _
Purposas. 8ank w its nomi~ n«d noraoll~c? int~resl on or prineipal of any Co11atK~1 or ~iw aehr notiw with rasp~ct to it. '
If th~ Collateral shall at a+y tim~ b~coerN uns~Hsfadory ro 8ank, Msk~r shalt within ont eLy aF1K d~ewed pbdyi and dspod? ~ _
with Bank p paA oi 11w Colla»nl additional property vrhkh is satisfattory b Bink. _
If Bank d~ems ita~lf iro~wro, a4 upon th~ h~pp~ning of any of ths follorin9 ave~, ead~ of wi~icl~ sh~ll aorotituf~ a d~fauft h~t~•
undsr. ~II liabi(iNss of ~~A Malc~r to B+nk sh~l) thtrwpon or thersaftsr, at ~M op~ion of eank, withou? rw~ios or d~ms~d, baconw du~
~ u~d p~yabl~ (a) th~ f~ilue~ of ~ny Obli9or (which lerrn sF?all mean and incl~d~ ssch MakK ~ndon~r, surMY. +nd of tMs
nots) io P~?form anY a~n~e~nt Mreunder, to py intenst haroon wifhin ~n days affsr ir is dw, or if tMro b~ no daf~, afhr it
is billsd or oth~rvvise rsqusst~d a d~ma~x~d, to p~? any ot1~ lisbility whal~oswt to Baok whsi+ du~; (b) ths d~ath of aery Oblipo~t~
; (c) ths filinp of ~ny petition und~t tf~ Bankrupt~y Ad. or any simil~t fedsral ar stste staluta, by or apainst +M Oblpor an applicr
i teae for tM appoinfinent of a nc~ivK fw, the making o# age nKal usiynn~t for ths benefi~ of ued~to~s by, or tl+~ insohrency of ~+y
~ Oblipor: fa) the e~try of ~ i apair+st ar?y Obliqor: (fj the tssvinq of ary ax~chre~+t or game~F~rrisnt, or ths filinp of arry li~n, _
li n,
~yainst em propaty of any lipor. (9) tM~ takirg oF possession of any s~d~tantial part of tt» propKry of any Obliqor ~t th~ instano~ ~
i of a~y qovernmsntsl av?Fiority:(~
) th~ dissolution, ener~, consolidation, or oorgseization a# arry Obligor; ths ~ b~y arry
j Msker of eny ~quiry io any of th~ Collaronl witbouf tfie writtsn co~seet of Mw Bar?k. Eacfi Obligor heroby waiws any tr~quinene~t of +
ooYroe or dsmand rcflacting wch ~aaler~tion iriaofar ~s such rsquirement b~ in addition ro ths msrs ~xKCiis of any raemdy ~fford~d in . ?
i this No1s o? tM iratirirtion of wit by ths thsn Iwlde~ • ; +
Bsnk shall have, but shal! no1 bs Iknited ro, the followirg ri~hn, each af which mty be exsntis~d a1 arry tin» whslMr or not thb
1 nata is due: ro plsclq~ or tnnsfer this n~s aed the Collateral and Bank shall ther~~ort bt relirwd oi all duti~s and responsibiliMS -
here~rnde? and ralievsd fiom a~y and all liabili wi~fi resped to aMr Collaw~l so pled~ad or trsnsfarnd, snd any pl~dqe~ o? trarq.
re r
~ feree shall for sll pv stand in the plaoe 8ank hereunder and haw a~ ths righh of Bank hs~sunder: (i~ to trsnsfK th~ whol~
or ar?y part of the letera! iMO the nsme of itsslf a iri nominer, fi7 to rale the Collat~ral; (Fr) to notify ths Obligan of any Col- .
Iateral to maks paymsnt to Bank ot any smounh due or to ba~come due tl~~on; (v) to demand, su~ for, aott~d, or mak~any eompno.
mise or setttement it deems desirabls with referenu to the Collsterai; and Fn7 to take mnhd of ~ny proce~ds of Collatwal.
Bank is hereby given a lien upon and a sacurity intsrest in all propert~r of esch Obliyar now a at sny time h~reafl~r in th~ pos•
sesiwn of Bank in any capacity wha?soever, irxluding buF no~ iimiled to art~? bslanas or shans of any dsposit, trusL or ag~ncy aocouM,
~ as the secv.rity for ths p~ymeot of this note, snd a similsr liee~ upon and seawidy interest in alt wcfip~operry of ascfi Maker as rity
~ for the payment of all orher liabilities of esch Maker to Bank (indudi~y liabiiiss of esch 11R+ks. and sr?y othar person} and Banfc~sMl!
~ hsve the same riyhn as to such prope~ty as it has witl~ rcspsct to tM Co1laMrsl.
, If Bsnk dsems itself insecure or upon the occvrrencr of a~y default h~wunder Bank sbsll bave fM foreclosv~s ~nd olhar ran»di~s
of a setvred party under the Unifwm Commerciel Codo, or other applicable Irrv ared, withaR limiti ths ~ener~lity af th~ fohyoin~,
~ Bank shall have the right, immediately and without furthar ectio~ by it, fo sat off against this ~ote al~ma~sy aw~d by Bsnk inany p-
j pscity to each or any Nl~ker: ard if sucR set off shail oocur, Bank shall bs dMrned ro hevs sxercissd wchr~pM of sM ofi and to hsw .
~ made a cF?arge against any sucfi money immediately upon the oavrrcnce of sxh defsvlt ewn thaph wch ch~q~ is mads or ~pnd ,
on the books of Bank subseq~ent ~hereto. Unless the Cotiste~sl is perishs6M or M+roatens to dedine spMdily i~ vslw w ls of s lyp~
customsrily sold on a recognized market, Bank will yive Nlskcr reasoaable nalioe of ths time and ptsp of any publi~ s~l~ therepf or pf
the time after which any privaro ssle or any other inte~ded disposiNon theroof ts to be made. The mquiroment of reasortebls reotics sha!!
be me~ ii svch notice is mailed, postage propsid, to any M~ker a1 the add~ess yivsn below or at siry other address shown en tM rec
~ ords of tfie Bank, st least five days befae the tirt+e of thr sale or dispos~tion. Upa+ disposition of any Coltahral ah~r tM oavmenc~
of any defa~lt hereunder, IVtsker shal! be and remsin liabls fw any defidee~?: and Bank shsll ao¢oune to Mske? for sny swpl~», but
Bank shall hsve the right to apply all or any paA of s~xh wrplvs (or to Mld ths sams as a reskve agaie?st) any snd sll otF~sr tiabilitha
~ of each w any Maker to Bank.
: Ma delav oi on+iuion on the pan of Ba~k in ex~wrise~q any riyM MrMwder shall apsrsls as a waiv~? of suchriph or ef sny othK
' right under this no~e. Presentmeot, dem~nd, proteat, »~r;cs of dishonor, aad extension of time withou~ notiae are h~+sby w~eved by
; escb and every OblFgor. 7he OW~gors, jointly and vrvra.~y, promisr snd w~ree ro pay sll aosts oi coll~ctio~ snd rsa~onsbl~ attorn~ys ~
; fees (nor less than 10% of the principal sum) ircurrr3 paid by Bank in ~?Fo~cinq tfri: note upon tAs aavrr+ena~ of sry dsf~vU.
! Any no?ice to Maker shslt be wfficientFy se~vec ~ar aK avrposes if left upa~ ar placed in the mail, postaq~ p?spai~, addrrss~d fp th~,
~ prentises ar the sddress shown below ot any orher .xidress shown on Banlth reoords.
Wherever th~s note is executed by a camsker o~ endwssr who ta ths ~rifs of a maker a endwss' ths ~aid wih do~s i~r~by e~t•
pres~ly acknow{edy~ th~ within debt u htr jant a~d individual debf.
~ Each of Maker. acknowtedqes reosipl of s compl~ts~cop~y of this Nol~ an tM -
12699 S. Indian River_Dr-ive X _ ~
~ ~ . Ci de A. Cleft
~ Jensen~ Beach, Fla. X
~ M or C e
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