HomeMy WebLinkAbout0502 INS?AttMENT NOTE , 3,
' lS~tund ~ed Un~cu~p
NeM ~•?.d: 30 Mssch , t9 T6 ~w: _~9 i
~ .o.~ T.~ms:
• , . ~ . .~,r . . ' :
` • • ~ ; , . - - - - -
- - - - - - - ~ - - NPlANtE , c, ~ :I
_ -
~NN dah th~ ~ndersi9nsd, h~~einsher ulled Mak~r, jointly a~d saverally ~~4~ p; ~
p~omis~(s) fa v,~lu~ :~c~iwd to pay ro ths ade~ of 1~ns~n d~~c6 t~nk hera ~'r"'~^~~
tn~her calied 9a~k, at iri office et J~nkw M~ch~ F{orida ths ayq?_qf (~(pl ~w"~
of paymenfs) - - •-r-- - - - - - - - ~ f° ~Ot;::
n
,
, LI:': ~t0
. t. _...:t. : . .ia - ~
- ~ . .
.
r--~ ---_^1-". r•--'.. - ~ • ~
1 O .
, -
~ - Ool:srs ~
. _
with InN~~st thKwn N Yn~ wM ot ._~._l.i pe~ ann~rn. all payabis in
s
montAly inst~limen~s of i. l•:_~..~_ ~.1 each on ths day of ~
~ach tuoo~ssiw mon~h con~nci i . - • -
T nq on . . 19. . . , toysther with
• BAIIOON PAYAAfNT OF ~ O:-`~ o~,e _ _N /A _ - i9 _ ~ou~ ~ , ~ 1. : s
FINANC~ t
A fin~ compufed st ti~s ra1~ of i.0i pe~ S1 •00 oa? each imraliment in def~ult fw
a~ iod In ~xcest of 10 d~ys may bs charqed the Maker. No s~cfi fine shall excsed ~P~r~tey coll~ctw~ ~ ?
=S.Od. MakK is nqvind to pay all cosn of collectia~, includinp e reasonabte ~tto~- ~'~s r~~^~~)
nsy's iee if rofNred for toltettion o~ legal proceed;ngs. All payments. wMthe. prin•
dp~l, i~hnsl w otMrwiss, not rK6ivld wheo dve shall bear intertst at 109L per i______________..__ ~
u~rwrn f.om due due unNl pa~d. n~l paymem: mads hereuncler sha11 be cred~ted ANNUAL PERCENTAGE RATE T:~.~ y(.
Rnt fo iMerest, then to lawf~l charq~s then aaruecl, and test ro principa{.
If th~ Iwn is epaid in full, aocelerated or refinanced, the Mske. shall as o( the date of such eve~t recaive such rcfund of the w+- •
s~rnad portion of t~ crcdit life +~au.ance p+emium and iinance tharge and such wher credit as mey be req~ired by lew or as may bs
nsoessary fo woid usury, provided that the Holder may rotsin s minimum finante charge of s2S.W, whether or nof otherwiss earnsd,
~d extepf in the c~te of a refinanciny, no fi~snce charge u premium ref~nd shall be msde if it am~wnri ta Icss than 51.00. Retention
of a~ryr mi~imttm finance shsll be in addition 1p servi:e charge it any. A.ry lat~uage etstwhera hsrein to the contrary nOTwii!?atandinq.
neithtr Bank nor any Fw~de~ heroof shall ?eceive a rcta~n any cha~ge or interest not aUowed by law.
As secvrity fa tM payment of this nore Maker has pled9ed w deposited wi?h Benk rhe followiny„~operty:
L'nit ' ^ - • ii: . - . u~t: . ._n~, :~a c~escYibed'~
- - - -
- - ~ -
in ~ai~ rr~ort~a~e. ~
- •
- - - 1
(i~xluding aU cssh, stock and other div~dends ar~d a~~ r~ghts to subscnt~e fo~ se:wit~es incident to, declared o? granfed in connectio~ with ~
such properfy), whith properfy, together with al! acid~lions and sul~st~tut:a~s hereaftar pledqcd or deposited with Bank is ta~led the Co!- ;
lateral. The 6o!late~al is alse pledged as secunty fo~ ail other ~iab~!~!:es ro Bank. (pnmary, secpndary, cl~rect, conti~gent, sole, joinf o~
several;, ~ue w to become rlue or which may be herealre+ ccntracte~i or ac~u~red, of eech Maker (o~ of each Maker a~d any other per- {
ion). The surrende~ of this note, upon paymeM o• otF:crwise, s',~'.! no• afiect t1~e righ~ of Bank to retain the Collateral (or sutA other s
Iia6iliHes.
CREDIT LIFE AND CREOIT LIFE 3 Dt$ABlIITV INSURANCE ARE VOLUNTARY AND NpT ~TEQUIRED FOR CREOIT. Such insurance
coversgs is available at the cost des~gnated below fo~ the term of ti~ cred~t: (a) S _ _ _ for Credit life tn- '
svrs~os (b) S - _ - - - - - - - - fo? Credit tife 3 O+sabii~ty Insurance: i
Check
Appl. ? Ged~t life lnsurance ~s desired on the life of . ~
_ - - _ - ,
Box i
I ~ - - - Birthdate - - _ . - - - . j
? Credit iife 3 Disability lrts~rance is dasired on _ _ . _ _ . . _ _ _ ;
&rthdate _ `
_ _ _ _ - - - •
Credit Life and/or ~issbiliry insu.anoe is r~de~lSd. l_ . _ ~
a~a
/_'~,!'~~~s~..~_~~~1~ sp~w.e ~ t ~ i'/, ~ r't eo r e I~lanki s s~ '
' -1 ~ -r~ ~ s ;
s~,,,t„~ ~ l: %Q-~ Ma rilyn 11~~ankis s {
~ ^ ~
Additian to, reductions w exchbnqes of, a substitutions for the ollate~, peyments on a«ount of this loan w~nttrases of the i
sans, other Iwns made partislly a wholly upo~ the Ccliateral, rnay from time to time be made without affecting the provisions £
of fhis ~wt~. Bank shall exercise reasonab!e csre in the custody a~ p.esuvation of the Collateral ro tRe e~tent requi~ed by applicable F
statWe, aod shall be deemed to have e:ercised ?easonable care if it takes such actio~ far that purpose as Maker shsll reasonably req~rest °
in writir~, buf no om+ss'an to do a~~y act raf requested by Maker slwll be deemed a_failure to e:ercise reasortabk care, and no omis- %
sion to comply with sny request of AAaker shal! of itself be deemnd a failure to exercise reasonable care. Bank shall not be bound to ~
fak! erry sfeps ~cessary to preserve arry rights in the Collaterat agasnst p?iar parties and Maker shali fake eft neoessary steps for such ~
purposes. Barik or its nominee need nW co!lett interest on or principal o~ any Collareral or give any no±ice with ~espect to it. ~
If tF+e Coliateral shali at any~ time become vnsatisfacrory to Bank, /Kaker shaN within one day after demand pkd9e ar+d deposit 3
with Bank as part of the Collateral additional property which is sarisfactory to Bank. i
• If Baek decros itseff insecum, o. upon the happening of a~y of the foltowing events, each oF which shall constitvte a defauh hera
und~r, all liabilities of eatF Makei to Bank shall thereupon w thereafter, at the option of Bank, withov! notite_oi demarvl, bemme dve ;
and paysblee (a) the failvre af an~~ Ob!igor (which term shall mean and include eacfi Maker, endwser, surety, snd guarantor of this
' nols) to perform amr aqreement here~nder, to pay interest hereon within ten days after it is due, cr if tFxre be no due date, after it
is billed'or othervvise req~ested a demanded, to pay any other lisbiliry whatsoever to 8ank when due; (b) the death of any Obli~or;
(c) the filinp oi any petition under the Bankruptq Act, or ar.y simitar iederat w state statute, by aag ainst any Obligor: an applica-
tion for the a~ointment of s receiver fw, the m~king of ag neraf assignmen` fw the benefit of creditors by, w the insolvency of any
Oblipw; (e) fhe entry of a jvdyement againsl any Obligor: {fj the issuing of any attxnment or yarnishment, w the filing of any lien,
a~ainst a~ryr property of any Obliga; (q) the taking of possessic,n of a~y s~;bsta~tial part of the prop~rty of amr Obli~x at Ihe instance .
of sny po~vernmeMSl authorify; (h) the dissolution, merger, cortsolidarion, ~r reorganization of any Obligor; (7 tFx assiynml~t by sny
AMker of uty equity in am of the Collstersl witFw~rt the written tonsent of the BanA. Each Obligor hereby waives a~y requirement of
notio~ or demand roflediny such sccekration insofar as svch req~irement be in adcition to the merc exercise of any remedy sffocded in
this t~We w the iratitutio~ of suit iby the then holder. .
Bu~k sh~ll have, but shall not be limited to, the Eollowing rights, each of which may be exeresed at any time whether or not this
rw~e is due: (7 to pledye or tr~nsfer this note a~d the Collate?ai and 8ank shall theievpon be relieved of all dviies and responsibilities ~
herevndsr and rclieved from any snd all liability with respect to any Collateral so ptedged or tronsferred, and aMr pkdqee or trans-
feree shail fw all p~rposes stand in the plaoe of Bank hereunder and have all the righh of Ba~k hereurtder, (ii) ta transfer the whole
or~r psrt of ths Collstersl imo the name of itulf or ih nominee; (ii~ ~o votc the Collateral; (iv) to ~+otify the Obligors of sny Col-
late~al to mske payme~t ta Bank of any amwnts due or to become due thereon; (v) to demand, sue fa, colkd, or make e~ compro-
miss w settlement it dsems desirsble with roference to the Cotlateral; and (v~ to t~ke control of sny p.oceeds of Collateral. -
Bank is herebp given a lie~ upon and a sec~rity interest in all property a~ each OE+ligor now w'at any time hereafler in the pos-
sesslon of Bsnk in any cspacify whetsoever, including but not limited to any bala:ue or share of any deposit, trust, otaqe nty aaovM, -
~s the setwity fq the paymeM of this note, and s s'~milsr lien upon and secu?ity interest in all suchp~ operty of esch Maker ss secur~ty
for the p~yrt~ent of sll other liaisilities. of tach Maker to Bank (including liabilities of each Maker and any other person); a~d Bank sh~ll ;
have tM same rights ss to such property as it has with rcspect to rhe Collateral. ~
If 8ank deems itself insecure w upo~ the oaurrenoe of any default hereunder 8ank shatl have the foreclosure snd other rertxdies
of a s~:tured parfy ~rxler the Uniform Corturxrcial Code, w other epplicsble la-ar and, wethout limiting ihe flenerality of the fwegoinp, _
Bank sMll have the riqht, immediatefy and witho~t funher sction b• it, to set off ayainst this note all money owec~ by Ba~k in any ca-
praly to ead~ or any Maker; and if wch se1 aff shall oecur, Bank s~all be deemed to have exercised such riyht of set off and to have
rtucl~ e d+uye aya~rut sny wch rtaney imrtxdiately upon the occurrerxe of s~xh defa~lt even thouyh such cF:arye is mr3e a antered
on tM books of 8ank wbsequem thereto. Unkss the Collateral is oerishsble or threatens to decline speedily in value w is of s type
cvstomarily sold on a recoyn:zed market, Ba:+k will yive Ma4er reasmable notice of the time ar?d piace of ar?y public sak there~f or of
the time after which any pr'nste ssle or any Whtr iMerxled disposition therenf is to be made. The requirement of reasonable rat~oe s.'~all
be mtt if such ratice is mailed, posrs9e preF+sid; to a~y Maker at the sddress given belov,r a at any other address shown on the reo-
ords of the Bank, at least five days before the time of the sale or disposition. Upo~ d~spos~tion of any Collateral after the occurrenoe
of aery ~e(wM hereunder, Msker shall be and remain liable for any deficiency; and Bank sha~l accovnt to Maicer for sny surplus, buf
8ank shdl have the ripht to spply all or arry psrt of such wrpl~s (or to hold the same as a res6rve aqei~st) any and all other liabilifies ;
d e~ch or ~ny Maker to Bu~k.
~ No delay or omiuion on the psrt of Bank in exercisiny any right her~v~der shall operate ss s waiver of uxh r~y!?t a of a:r~ oN~er ~
?iyht ~rder tkis note. PresentmeM, deman~, p?o~est, notice of dishonor, and extension of time witi+out notice are hereby waived by }
eacl~ end rvery Obli9or. The Obliyon, janfly end severalFj, promise and syree to pay all cosfs of mllectio~ ard reasonsb:e attorneys
fees (nof less than 10% of the p~incipal s~xn) inc~ned w paid by Sank in enfwcing this note upon the occurrenoe of any defauN.
My iafiot to AMker shall be suff'~c?ently served for all purposes if kh upon w piaced ~n the mail, postaye prepsid, addressed to the
prert~is~s M tF~e address sF~own below w a~y other sdd~eu stwwn on Bank's ~eco+ds.
Wher~ver this note is exec~~ed by e catnaker or tndwser who is the wife of a maker or er.dorser, the ssid wife does hereby ex-
phssly adcnowl~dp~ the withi~ deb6 ss her joiM and individus! debt.
Esch of Makar edcnowl~dqes ?eoeipt of a completed copy of thi~/Votl on the above da~.
, _
+ - •
- _ J : ~•t? io1t~1 r
,?a~.s, ~ l
~ . . a ~ i~, - ` (~M~
~ - - y - - - -
, ` ~ ~
~ ~ ~ ~ ~
~:ta ~ ~ ,
~ ~ - - " - - ~
- - ____~ll~~.~~~-- ~ t'l_~L~~,
- ~
~ ...T........ ana a . f r M . j ~ . ~ : _ r-- ~ ~
~51 FAt;E ~L~1 ~1 v
o ~
~
~=~„~a~f ~ ~ s
- -
.Y ~