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COi.1.ATE:i1l16 NOTE - SINCLI: PAYMF.NT _ I ~ t:
S 3 3, 9 2 5. 0 0 Caal Gabiea. Floridi ~e.~QmheL _L. 18Z3_
On _ or before _12-1-74 aher date Ihs unde~slqned (snd Il more thap ~.wrt[6",. -'s:~~
eac6 0! th~m Ioln11T ~d ~~~~rail~), bereinaher called M+~ker. pcoaaises to pa~ t~ 4tiler ~f~.~-~" ----rr~ .
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FLORlDA NATIONAL BANK AT CORAL 4~(BL~S..~-''''~ Cy~~- :--r.- ~
at Ib oH1c~ at Caal Ciable~. F'lorid,~. hereinaftsc called B+~~k ~
•r `I ••i ; I ~-~~t~r~~~~ ~ :
_ Thirty`Three Thousand__Nine Hundr~~.Twentv FivA~ no17Q1~-,..~Dolliii•! -
- - Renewal • 1.. ~ h. No.----- - -
whlcb ~oaunl IncludN ~ocwd~ d 5--- -.210A@ plw o1hK cha~qw~ -RAAB~'' ~~--+~r--• ~
-0- 33,925.00 :-{Di"~~'' 8
ot S rosultlnq la an ~ ED ol t__~_ wilh lnbrest at aa ANiNAL PQlCF.NTAOE RATE ot____._.__9G. whlch
resulb in • FQiAIICE CHARGB d i~' '~l' (Computed oe a 8 monl6 m~turiy. U d~mand obliqatfoo?. li nd Includwci ~fa•~. Wh~r '
cha~gea~.______- nOne la Ihe amount d i -~1- h~~~ bNe eoll~e~l hom M•ker. A~ ~
(I)eeeribs) ~
~ecvrltr lot Ws p~~nt d l~is nols Mak~r ba~ pbdqed or depo~iled wflh Ran4 th~ IoUowinq ptoput~: $1 S~ ~ 0 ~ ~ Face Va 1 ue l~ ~ f 0
Ins. Policy issued_by_Security Mutual. Life Ins. ~Q,~n_the_,lif~~f_Michael. I
M. Tobin. Assign. of contract dated June 1,1970 between Zenith Fundin~_Corp._ :
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aiiu inuuaet r~. 'iu~iiti e~ •r~uin Assuclates, Valued at ~12.3, StS. UU.
~ i~„•l~~dinp ap rnaA, afo~k and of6~r dirid~»d~ and alJ riykla to tuAs~ribt /or aeewriteta inc&ItKt lo. de~lar~d, or pra~frd iN ~'N r~!1-tFi/b S
x~irh pto~Ktf~/), N•he~lY J»~o~xrfN~ IopefA~r ~rifA al/ additiona a~d ~ubalitHtioni hneajt~r pledped or d~~~eaifrd u+i/A /fank i~ toflod Ihe ('01- ~
l~+t~ ral. Tht ('olfaf~ral ia alao pl~dp~~ a~tNrity /or a?! other liabi/ilrea (primarr, +~tondary, dir~~l~ ~orfiny~nt. aof~, joiNf er •~rr~nl)~ ,
~l~~~~ nr fa h~~on?r ~h~P os mAe~A uinp 6~ b~rta/l~r ~ontratfal or a~qi~ir~d. oJ eacA ~llnk~r (iM~ludinp trttA Maker ond anp olhrr p~ranwl ~
t„ Th~ a+~rr~ird~r o/ this Nnf~, ~~~~nn ~xtym~nt or otkttwiu. ahall »of uj/tet lh~ riplYt o/ /rank fo rNain fh~ Cn/Mt~rni /nr ~a~b ~
~~~h~~r linbilifi~a.
Addilions 10, r~dudioes or ~:chsnqe~ of, or subslitulbni lor Ihe Coliatecal, payments on acrnunt d Ihb lo~n or tncreaies r+l ths ~+~ms, o~ elhsr
loans made pa~tiaUr or whollr upoe Ihs ~'oliats~al. maY lrom tims b time Ae mads without aHecfinq Iha p~o~isiona ol Ihis no1s. Bank sh+~ll ~:etci~s rpa~em
eble care ia the custodY and presenalion oi Ihs Collateral to U?e ~xleal r~qui~~ bT applicatioa itatuts, and shall M deemed 1o h~~s eier~i+wi teaeonaWs
cnre fl i1 takes such aetion br that purpaas a~ Mrker ahail reasoaablY rpue+t in wtitioq, but no omissfoe to do ant ad not ~request.d bT Mak~r rhall M
deemed a lailure ro e:erciss rssaonable u~w, and no omiuion b eomplr wilh m~ requeri ot Maker shall of ibeN bs deemed a taqu~• b s:~rci~e re~ROn-
ahte care. Bank shali nw be bou~d b Isks an~ stsps aecessarq b pr~ser•~ snT rlghta In th~ Colkteral oqainsl p?for paities and Maker shall Ia4s all ~.~e-
essarp stepa tot such purposea. Bank or tU neminee need aol collect infe~rsl oe ot ptiadpal d aar Collate~d or qi~s ani ndicy with T~~prei 10 1t.
I! the Collateral ihall al anT Nms l+sc~me unsatufaclor~ b Bank, ld+~k~i ~haU wilhin on~ dsr ~Ner d~maad plsdqs and deE+odl wNh 14nt pa~l ef
the Collateral addiUonal prope~ir wh{ch N~+tWactory b Hank
11 Bank deems itseU insecur~, er upon the 6~ppeainq d anT of Ihe tollowinq ~~ent~, each d which ahrll rnnstitut~ a d~lauH h'~~under," +~II
liabili~iea o( sacA Maker b Bank shaq theTenpoo or lhereafter, at ths oplioe ot Bank, writhout nolice or demand, bea+ms dus snd paYable: l+~l lail~~rs ~
o[ anq Obliqor (which tetm shall mesn an~i Includs tach Maker. sadwser, suref~ and qwrantor ot I~is eole) to pe~lorm an~ agreement hsieun.i~~. lo
pay interest hereon wtthin lea dal~ ~her it is bf0sd or olhscwtss rsqueued or demaad~d, or lo paY aar Wher lfabflit~ wh~lsoe~er b Baak when d~~a; (bl
the death ot anr Obliqot; (cl t6~ Hlfnq of e~~ pe8tion under W~ Banktuplc~ Ad, or any iimitar tedsral w~~a1s stalute, b~ or aqainal an~ Obligor: Id~ ~n
aprlication lor the appointmsnt oi a recei~e~ Iw, the makinq M a qensral asRignmenl br ths benefit N aedNw~ bT, or Ihs [nwl~~ncp d ~n~ Obliqnr: Is)
the entr~ o( a iudqmeal aqalnst an~ Ot~liqnr: (n th~ 4suinq ol aar ~tlachmsnt or garnishmea~ or tAe /ilinq ol ant iian, aqain~t an~ prop~rt~ of an~
Obliqor, (g) tha lakinq ol posseaatcn o( an~ ~ubstantial pari ol.th~ prope~l~ of anr.Obliqor at the instaace ol an~ qo~wromenlal ~ulho~it~; 1h1 ~h~ .lie•
aol~,~ivn, merqer, coasotidatioa, or tw~ganf:slfon oI an7 Obliyor; N the u.iqnm~nt br anp Maker d anT ~quU~ in an~ d th~ Co11+~1era1 wHhout ~hw wriuwn
consent o! Bank.
Bank ahall 6are, but aha11 not be limited 10, Wa iolbwinq righb, s~ch ot wrhlc~ mar be e:ercis~d ~t anr Nme whethet or tat IhM nds H du~~ til
to pledge or transter thb nofs and ths Coli~teral and Bank shall thersupnn b~ relie~ed ot all duties and ~esponsibilirtes he~eun~fer and ?eliered fi~m
any and all liability wlth respect to m~ Colhtersl w pledg~d ot hand~rteei, and any pledgee or transleres ~hall for all purpoa~s •tand in Ih~ piacw o1
Bank he~eundet and ha~e all Ihe rtghM ol Sank hersunder: (U) to trsnsler ths whole or aal part ol the Colialezal inla fhs nems of itself or 3h nrnnin~e:
iiii~ to ~ots ~hs Collateral; th) to ndil~ th~ cbligots oa an~ Co11a1eu1 b mak~ paYment b Bank ol aer amounts dus or lo brco~ne du~ 1he~een; (~1 b
demand, sus lor, rnllecl, or mtks an~ cnmprnmia~ ot ~stUem~nt It desms desirabl~ wit6 ret~rencs to th~ Collateral: ~nd (~U b faks mnhol o! an~ pror•e~l~
ot Collatewl..
Ban4 is herobr qiren a Uen apon sn~f a securitY interest in all prope~tT ot ~ac6 Obllqor now oc at wT Ums hersaller M 1he po•s...ioe ol 11•nk
in any capacit~ whaboe~et. indudinq but not limited b an~ balanp or share ot an~ deposU, Uu~t, or agenc~ accrnint, a~ ~ecu~itT tor Ihs paymenl d
:hie nots. aad a aimUu liea upon and eec~+ril~ Interesl in all we6 properlr o1 each Maker as seau3f~ br ths paym•nl d aU niher li~bilities ol ea~h Maker
ro Bank (Wdudinq IiabUities ot each M+~ker and anY other psrwn); and Bank shall ha~s 1hs ume riq6b as lo ~ucA prope~tp as N h+~• wfth re~~ct to ~h~
Collateral. ~
If Bank deems ilselt insecure or upnn tha occunencs of an~ delault hereundet Bank shall ha~s tbe rsmedie~ oi a R.cured par1~ und'r th. itnl-
form Commerciai Cods and, wrilhout ItmiUnq the goneralilY d Ihs breqoinq. Bank shall ha~e the riqht, immPdiatel~ and withonl fu~lh~r action b~ it, io
j .et otl aq+tnsl Ihis aole all moaer owed bT Bank in aa~ tapacitr to each or anr Obligor, whelher or ao1 due, end also lo Ret off ~~+~insf +~ll .~hpr
~ liabilitiea of each Maker to Bank all moner owecl b~ Hank in anT cap~dt~ lo each ot anr Maker: aod Bank ahsll bw d~med Io ha+e e:wrci•.•d ~n~h ~
I riqht ot set~oll and to ha~s made a charqe +~qrinst anr such moneT immedi,~tel~ upoa the occurrence ot ~uch del+~uh e~en thongh euch charq~ i~ ma~i~
' cr entered on the boob of Baak subwsq~ienl thereb, llnless the Collat~rel b peiish~ble or threalens b declins speedilT in •ah~s or b o) a t~ps cos- t
~ tomarir sold on a recoqnlsed maikat, Ban4 wil! qi~s Maktr taasonabls nolics d the time and ptscv oI anr publie ~ale Ihp~eof or ol ihe time et1~r whf~h S
I a:~y private sals or anY otLer inlend~!d dis~nilion Ihereol b to be made. Ths requiremeet ot reaweaW~ nofics ahall bs ms1 fi a~ch ndics i• m+~ilp~1, i
! poeteqs prepaid, lo anT Maket ai the addre« gi~en below or at anr olher ~ddreu shown on 1he recosd~ d!he Rant, at leas! (i~~ days betore the Hma
~ ot the sale or disposition. Upon di~p~+ition ol anr Collaleral allet th~ occutrsnc~ ol anr delault hereunder, Maksr ~hall bs ~nd temalo )isblo for sn~
~ deficiencY; and Bant ~hal! account Io Make~ (or any ~urplw, but Bank ahall ha~~ Ws right to ~pplY aU or ae~ pari ot sueh surplus (or 1o hold Ihs Mms
~ as a reser~~ against) aay and all other liabpitica ol saeh or anT Maksr 1o B~nk.
No dela~ or omission m the E+ait a! Bank ie e:srcising an~ rigbt heieunder ~hall operate as a wahsr d such riq6t or ot anT olher iiqht undor
thi~ note. Presenimeni, demand, prdesl, noties oi dt~hoaor, and ~:leasion ot lime withou! nolks u~ 6etebp ~vaf~ed bY ~ac6 and e~eryr Obllqor_ Th~
~ Obtiqors. iointlr and se~eraUr. p:omiae and aqree 1o par aU costs o! coilsctbn and attorns~s' led pual l0 10^/~+ ol td~ prindp~l ~um or such larqer
• amounls ss mar bs reasonabie and jwt Ineurred oc paid bp Baak in ~ntorcinq thL aole upoo 1he occurr~na d ani d~~~ult An~ aotia 1o Mak~r ~hell ~
' be sufficieatlr sensd !or all purpose~ ii placed 6~ th~ maU. postaqs pr~par~d, address~d fo or l~h upoo th~ p~~ at, tD~ addra~ a6owa b~{ow a any
~ other addrass shown oo Bank'~ reoords.
¢ Maksr ackaowl~dgss »cript d• coapl~ld oopT d tLl~ I~lob an t~ ~bo~~ dat~.~ J ~ ~
; ~nnx~ss: 1099 Ponce de Leon Blvd_ ~ G"L~ EAU ~
~ Mi ael M. Tobi ,
j dA~e~~-~~~~r-~-~a-s-----~~-~a ALI
= Due 12-1-74 Arl e S. Tobin
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:~is is ~.~tr":,!1l.L of I;~te dated 10-9-72 in the orig~ nal amount of ~~'r0~000.00
~ ;on cvhich docurienfiary starps ~~~ere
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