HomeMy WebLinkAbout1272 ~ ~ w..1 - 21 80 9 408.00 `
p,~: October 21 ~ 19 7 5 ~ Oct . , 19 f • '
~
' lwn Tums: _
7,000.~0
' ~ _ ~
~ Sixty ( 60 ) ~ Months - . ' - N~~,u~~ = 2 ~ 025 . 80
afi~r dat~ th~ und~rsipn~d, h~ninah~r~ ull~d Mak~~, (ointly and av~r~lly ~RdE 14. 2e~ ~
promis~(s) for valu~ nc~Ived to pay to th~ ord~~ of J~ns~e d~ach dank h~r~- _
inaNK call~d 8ank, N Ib offic~ aR J~nwn d~ach, tlo~ida tM wm of (totd ~it tife (or Uh
~iPr°i~`~iousancT"fou~~tific~'e`8~~t;j~i~'~~07"t00 a oi~~uy) i~~s 352.95
' . " ; pcllan p~htr (itemin) i
with int~r~st therwn a~ th~ ~~t~ of .i0 pe~ annvm, ~II pay~bl~ in ~
_~4___ nanrh~y tiat.~un.na of i-~~`~
~$Q . on N»~ dar of LOAN FEES s~~~I3.~~
~atA wo~ssiw ma?th tomrt?~ncinp m" a`OV. 2~:.:19 lop~tM? with -
a BALLO~N OAY,VIENT OF =.lNOII@ pw -19 , ~ou~ 7 367 . 20 '
. fiNANCED = .
~ A Rn~ car.put~d ~t 1M rm af S.OS ~r S1.00 on ~acl~ irut~llm~nf !n d~fauft fcr . ~1~~ -
-a oerwd ~r+ ~xcess of 10 d~ys may b~ c'v.;r! th~ MakK. No such fin~ st;all ~xce~d s
SS.'J0. l~~ak~? ~s nauir~d to cay all ~sts ci :oll~ction, i~tluding ~ nssonab~• s'tor•
nw s f~e :f rrrr~d for ooliecr~on or IeQai prece~din9s. A!1 paym~nts, wM?F~r prin- •
' acal, iroerosr w otMrwis~. nv~ hceived w?~cn dw shail b~~r inreresr u 10°'. pe. ~ i
a.+rvn? fro}n dw date untit pad. Ail parments made hereunder shsil be cred::ed ANNUAL PERCENTA~iE RATE _ 10 x
~nr ro i~r~rsst, rheo 1o I~wfvl c~ar~s tMn ~cawd, and (sit to prirxipal.
If tM loan a pr~paid in tv14 sse~ara:eci a refinanced, t!u Msker shat! as of th~ dat~ of wch w~nt ~iv~ such nfw+d of th~ w~-
~arnsd portion of M~t credit lii~ imu~bnc~ premivm and finance charq~ and such orh~~ cndit u may b~ roquind by law or as ma~y b~
= see~asary p avoid usury, pr+ov~d~d fh~t fM Nold~r n+ay ntaln ~ minimum financ~ charpe of sZS.00, wMtMr a nW whawia~ ~amod,
- and except in tt~e cas~ vf ~ refirw+cr?y. no flnsr+c~ charq~ a premium nfund sh~ll b~ msd~ if it ~mounts to I~ss tha+ a1.00- R~~ntion . '
--of sny miniinum finana sh~ll b~ in sddition to ssrvioe charq~ ii any. A~y I~npuaq~ ~ts~wh~n M?ein to th~ aoetruy notwithstsndkq~
~ n~itl~ Bank nor an~cJ~olcic_b~~oi sMll no~iw or npin.a~y chuy~ or tnt~nst not albw~d by taw. . .
" As s~euritY io? fl+~ ~r~t af this rwts MakK ha pl~ed w d~wsitd with Bank tF~ followleg pro~t~ . -
Real Estate Mort a e Lot 360-N Outdoor Resorts -
1973 Tara_Travel: Trailer -I.D.~ ~L - _ . w;;
_ ('w+cludin~ ~II cashr+s~6d~swdoN+ir dlvid~ds and'all~ii9hts fo subst?ib?for s~turiti~s intid~nt b. d~d~trd or ~an1d M taa+~ttio~twilFt; 5` w- :
--wd+ ProP~~Y), whiel~ pcaprtY. toy~?Iw? with all additlons snd subslitutions I+~r~aher pled~d or dspositd wdh Bank ta n1ta~ My GW-~ --'•t
=-IsrK~t. Th~ Copa~ersl'ii-~Iw.plsdy~d ~s sscuritY-for all otMr lisbiliti~s to Bank. (primary. s~oondary. diertt, ooedinp~ek. ~ol~. jo;at or-_-
swenq. du~ or to b~com?du~ of which n?sy bt MroaH~~ contracMd or acqvired, of e~d~ Mak~ (or of ~ad+ M~kar snd an~r o~l+~r p~e? - f'1 ~
son~ TM surr~+der et^t6is not~,.upor4p~ynNm or oth~rwise. shall pot affect ths ~ht of B~nk w nt~ie th~ Co11a~a1 for wd~ aFw- •
lisbilitits. ° _ _ . . • ~ f •
CREDIT UFE ANO CREDIT UFE di•015ABI117Y INSURANCE ARE VOLUNTARY ANO~Z i~11RED FOR CREWT. Sucf? inwrsnpr "
~-ooversqs is sv~ilabl~ st.~ oost d~siqna»d below•for the term of tM u~dih s ' fo~ Cndit lif~ trr .~'+t
wnnos (b) i ----fo? Credit_Life 6 Disability Ir?wrano~
r:}F U+ack • ! ~ ~ t- ~ i~~=- ~c - ' • ' ~zit
n~pl. ~Ged~e ute-~su.a++ee~~s,dutnd.ori'd,:•~~te ot~~ Will L. KellOg4 - :
e-°" --`it - ~ --`'~~---`==a~re. ~ FebYuar 1Z 1910 . _ _ -
_
_ p~ crsdit uf~~~ OisaWlity Insursnce fi d~stred'on - - ~ " - - = ° s,
- _ _ _ ~ &itF?date ' - ~ ~ti 1 + . =
- ? Credit lif~ and/or Disability.lnsur~nae h-.not desi - , - - -
= wraOctober 21; 1975 " ~,,;,~~'X~ ' . . : -
- . ' - . . sbnan,rt - 1 . e 9 . : . _ ~ _ ~ .r ,
~ Additions to, ndud#ons or exchanyes of, or::ubstitutions for the ~oltat~ral, payments_on sacou~t of thls Iwn or bw~ssea of ttr^~ E;
same, or othsr loaos made partially or wholly-upon the Collaroraf, may hom tin+e to Hme be made witlwot affedinp ths prarisions
of this note. Bsnk shall ~xercise r~asonable care in t1+~ cuatody snd preservation of tF+e ~ollat~ral w th~ extent requirod by appC~c~bi~-. .
statuts, and shall be deemed to have exercised ?easoosble care if it takes such sdion for that pur~ws~ as klaket sl+~ll rs~sana6ly r~qwst
in writinq, but no omiuion-to do any acf not requested by Maker shall be deem~d a failuro to extrcis~ roasonab{~ c~e and no pnis~ y,;.'
sion ~o camply with srry rpvest of Msker shalt of itself~ be deemed a fsiluro to sx~rase reason+ble nn. Bank shall not b~ bound b'~__•; ' ,
take any st~ps n~csuary to prss~rve any ri9hn in tM CoUaterat eysinst prior psrties u~d Maker shall tsk~ all oeeess~ry stepa t~pe wd? - c-
purposss. Bank ar iri nominss ~sad nor oo~bct interest on w principal of any Wllatsnl or yivs sny notio~ with nsp~ to it. . - _
If the Colla~ersl shall at a~y tima b~come unsstisfadory ro Bank, Maker shall within ona d~y afM dsmand pbdp~ a~ud d~po~it '
with Bank as part of ths ~ollateral additional properry which is sstisfactorY to B~~k. ' _
i If Bank dsems itself iro~curo, o~ upon tM ha ning of any of the followinq ~wnta, each of whkh sfwll eonstih~N a d~fauk h~-- ~
pps wn
! und~r, all liabilitiss of each Makx ro Bank shalt thereupon w thereafter, at the option of Bsnk, without twtice or d~nund, b~cae~ du~ -
' and p~yabl~ tM failuro of arry Qbliya (which term shsll m~an-and include ead? Msker, endorser, wrety. and pv~rantor d tlris
i note) to pe~form srry a9ra~ment herevnde?, to pay interest hersoe within ten days ahar it ia dw, or if th~ b~ no du~ d~, af1K k=. ~ -
~ is billad ot otMrvvis~ ~sqwsted or demanded, to pay ~ny other lisbility whatsoever to B~nk wMn dw; (b) th~ dsatb of any
~ (c) ths filing of a~y petition under th~ 8ankruplcy Ad; or arry similar federel or stats statute, by or iruf any Obli~o?: (e~ ~n~ ip. -
~pa u '
E tion for the appointment of a rsosiver for, the makinp of s~neral auignment fw th~ ben~fit of erediton by, or th~ insolv~ncy of any _ - -
Obligw: (e) tM entry of a judQem~nt ayainst any O
bli~or: t h
e iasuir~y o f am att a c h m e m ar yam i
s h m~ n
t, ar t l+ e f i t inp ef anqr Cw~,
ayainst any prop~~ty of sny Obiiyo?; (g) tM tskirg of possession of any wbstanti~l psrt of tM property of ary Obligor at the instano~ ~
of any flovemment~l autiwrity: 4h) th~ dissolutior+, me~ger, consolidation, ar reoryanization of any Oblf~; th~ assiqnment by an~r - - -
i Maker of any equity in any of the Collateral without the written consent of tF» Bank. Each Obligor henby waiws ury roquiren+ent of ~ .
notice or demand rofleeing wch soceleration insofsr as such rcquirement be in addition to th~ mar~ ~xrrtis~ af aey r~nNtly alfard~d in _
~ this Note ~ the insNtution of suit by the th~n holder. . _ -
Bank shall havs, bu1 shall not be limited to, th~ following tiphts, each of wtiKf+ rsay be ~xerzisd at seqr tirM wfiMhar a not this
note is dw: to pledys or trarufer this note and the Collateral snd 8e~k sF~stl M~erevpon be relieved of all dufies and nsponsibilities
hereunder a~d relievad from any and all liabiliy with respect to amr ~ollatersl so pledg~d o? transfen~d, a~d ~n~r pl~d~es os tnrr- . _
feree shall for all purposes stand in the plaoe of Bs~k hereunder and have all the rights of Bank herow+der; to tnnshr th~ whol~
or any psrt of the Colls»ral inro th~ name of inelf or its nominee; (i~) to vote ths Collatersl: Cn) to notify th~ Oblipors of any Col. -
6 lateral to mske p+yment to Bank of any amovnts dus w to become due thereon; (v) to demsnd, sue for, aolbd, or m~lc~sn~r oompo- .
mise or settlement it daems desinble with rehrenoe to the Collateral; and (v~ to tske aontrol of any procaads pf Co11~t~~~1.
Bank is hereby given a I'ron upon and a securily interest in all property of each Obligor now or st an~r tims h~resfter in th~ pos-
session of Bank in sny capscity whatsoever, includiny but not limited to sny bslance or sharo oi amr dsposit, tnnt, ora~er~y amount
as the security fw the payment of this nate, and s simils~ lien upon and security interest in all suchpropery of dd~ Maker ~s secvrity
fw the payment of all wher liabiliries of each Msker to Bank (inclvding lisbiliries of each Maker and any other p~rson} and Bank shall
hava the ssme rights as to such prope~ty as it has with respecf to the Collateral. -
~ If Bank deems itself insecure or upon the occ~nence of sny default heraunder Bank shall have fM foredosure snd othsr r«aedi~s . .
of a sacured psrry under the Unifam Commercisl Code, o~ other applicable law and, without limitirg ths gen~rslily of th~ fore9oin~, ~
Ba~k shall havs ths riyht, immediately snd withoul furfher action by H, ro set off ayainst this nots sll mon~y ow~d by Bank in rry p- ,
pacity to each a any Maker, and if such stt off shall occur, Bank shall bs deemed to haw exafdsed w~d+ ri of sK off a~d Ao havs ~
~ made a char9e sgaimt a~y such money immediately vpon the occurrence of such defsuh even though stxh ~ is m~dt ar antered
~ on the books of Bank wbsequent thereto. Unless the Collate~sl is pe.~shable or thrsarons to declin~ spesdily in valw or is of s typ~
' cvstomarily wld on a recognized market, Bank will yive AMker reasonabl~ notic~ of the time ~nd plac~ of eny pvblic s~l~ ther~of or of t
~ the time aher wFiKf+ sny privste s~le or any other intended dispos~tion the.eof is to bs mede. TM raquiroment of ressonabls no~;oe sha11
" be met if svch notice is mailed. postage propaid, to any Maker at tF+~ address given below w at any other address show~ o~ tA~ rtic- ~
~ o.ds of the Bank, at least five day~ beiwe the time of the sale or d'~spcs+non. Upon dispos~tion of any Collatsral aftsr 1M occvrrenoe
of any default hereu~der, Nlaker shall be and rcmain liabk for s~y defic:ency; a~d Bank shalt aocount to Msk~r for any wrptw, but
~ Bank shatl hsve the .ight to apply all or arry part of such surclus tar +o hocd the ssm~ as a resarve against) any and sll ot1+K l~~bil~ti~s
M of each or any. Maker to Bank. . _
~ No detay or omisiwo on tht pert of Bank in exerosing sn~r right hereu~der shall ope.ats ~s a wsiver of such riyM w of arep otFwr -
r right under this note. Ptesentment, demand, protest. rota aF dshonor, a+d e~ctens~on of time withovt notice are i~tteby w~iwd by ~
~ each and ev~ery Obli~w. TFu Obligors, ianHy snd ~.srsNy, aremis~ and ayres to pay all costs of coll~etion and nasonabl~ attanayi
~ fees (not less than 10°/, of :he w~nci~al wm) inc.,~-so er paid by Bank in enforcinp N~is note upon the occurrono~ of eny d~faulf :
Any notioe ro Maker sh~~i b~ w#iciene'y. aerv~d for a11 purposes if I~h upon or plaaed in tM mail, postpe pnpaid, addnased ro th~ ~
p.emises at th~ addrou sho~wn beior. or any other addreu shown on Bank's cecords. _
~ Wherwer N,is note is e~a~ec ja~? s comsker or ~ndorser who is tM wife o4 a rr~akx or endorser, th~ said wif~ dws Mn6y ex- -
~ rrxs~v acicnowledqe the .~.idin deat ~ fier =oiM srx! individua) debt -
~ :acl+ af AAai~r acknow~eaiqes e~ce:pt.of ~ campleted oopy of this Noi~ an the abovs dat~. _
nd~.~,,. Box 973 . " X ' (s..4"
~ . _ ~ Wi . Kellog _
~ Jensen Heach Fla. X ~ ~ -
~ 800K FACE1z69 patricia T. KeI~oqq
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