HomeMy WebLinkAbout0272 INSTAIIMENT NOTE
• • lS~cu~~d and Uns~w~~d)
~ Nor• No, p,~~; May 28, ~ 19 76 p~~; June 5. 19 81 s 19, 101 _ 00
loa~ Termr.
Praesds = .1.41.585._08._.
(b0) SIXTY MONTHS 4 112 12
- FINANCF s a_.._.~...__... ~
afrer date the undersigoed, hereinafte~ called Maker, jointty and severally CHARGE 28' ~O
promise(s) fw valus roceived to peY to the order of Firsf Nstio~~l Sank ol Oocvmsroary =..,._,_._~.,_.„,_.M_,.,,__
Fort Pi~rc~ herei~af~er cal n4 a? ~q(f' y~, Pi~t Ftq,~' e sum Stamps 5 ears Ori 1~ ~~0
of (total oi payments ~L~l r%~1~ ;~~U~ANb . V~~... Credit lile (or life y ~ ,
~ -i--•-- .
HUNDRED ONE A~II?_.~IA..G~NTS-.-.-.----.-.--~.-.-~_.. ~ ~isab:~~ry) i~:•i ......~.?.5..00._
'
~.~~~~~~~.~.~~~~~~~~~~~~~~~~r~..~~~~~~~-...~.~..._ ~O~~al1 v•..v. ~ -j -
. . t _ . ~Q~~..._ 1~ -
with int~r~~t tMr~on at tht rat~ of _9..9$:.. per annwn. all paysble in 1~. 00
w 318 35 ~ _ :
_~~II.__ mon~h ~n~rsume~,rs of t- each on ihe . t~]._.. day o~ = None 3
:ach suoassiw mon?h commtncin~ a+ ..._July...5..._.
. 19_..~ toyether wirh
• dAIIOON PAYMENT OF =..~IQA~--••----•--- Ov° ~---=~--a 19 AMOUNT
FiNANCED s .14,.4$$,.S$
A fin~ canputd at ths rat~ of =.05 ptr 51.00 on each inat~l~m~nt in detault for ~~rately colleded
• period in exceu of 10 days may be ch~rqed ~M AMker. No s~ch fioe shsll exceed ~ar9es (itemi=e)
ZS.00. MskK is reqvired to pay all cosrs of collection, includinq s reasonable attor-
n~y's fe~ if ~~f~rred fo~ collsction w leyal proceedi++ys. All payme~~s, whether prin• i._...OII~............_.r
cipal, interost or othervviit, ~ot receiv~d when d~~ ahall bear interesl s1 10'lf, per i-NO~@•--._._.-..... ,
~nnum iran du~ d~~s untit paid. All psym~nts made her~under shall be credired ANNUAI PERCENTAGE RATf X.
fint to interesf, th~n to lawf~l cha~9es tMn accrued, and laat to principal.
If N+~ Iwn is prepaid in full, aaal~~+ted or mfina~ced, the Msker shall as o/ the date oi such event rx~iv~ s~ch niu~+d of tM vea
earned portion of th~ c?edit lits insurance p~emium and fin~nce charge and such other credil as may be required by law o~ as may b~
nece:iary to avad usury, p.ovided that tM Holder msy r~tain a minimum finance cha?qe of s2S.00, whethsr w not otM~wi~ ~~rn~d, `
~nd exctpt in Me cas~ ol a rofinsncin9, no fins~ce charge or premivm ro(und sh~ll be made if it smovnn ro less fhsn t1.0p. RN~ion
of u+y minimu~+ ~~~an:~ shall b~ in sddition ro serv~ce charqe if any. Any lanpuaqe eluwh~ro herein to fhe contnry notwithstandhq,
nei~Mr Bsnk nor any hold~r Mrwf shsll ~eceiv~ w retain any charqs o~ inte~est not allowed by (aw.
SES i~sti.y s~;, :!:t ~rr~t°rt at :!:it ra:s t.'.t3cfr hai p!~ad cr da~:..s3a+x! vri:h ~srtk sh~ lo:::.~i~ pr~pastr: ._~_'.Q,113.~i11~~~_.
_ see attached list, and Second Mort~age_as additional_collateral,~ S.ee_ descri tion
_T _
Ya~..Y.~7edLXA._4RY_~X ~~~~~~~~~~~~~~~~~~~~~~r~~~~~~~~~~~.~r~~~~~~~~~~~~~~~~~•
.
(includirq ell ash, stock and other divFdendt and ~II righn ro svbsaibe fo. secvriries incidenr to, decla?ed w granred in conn~ction with
suth prop~Ay), whith prop~rty, toqeth~r with all ad:filions and subslitutions hereafte~ pledged ot deposited with Bank is talled fh~ Col-
lateral. The Collateral is ~Iso pled9ed af sKUrity fpr all o?her liabifities to Bank, (primary, secondary, direct, continyee+t, sol~, ioinf o?
several), dw or to become du~ o? which may b~ here+fter contracted or acqvired, of each Maker (or of each Maker ~nd •ny ah.r p~r-
son). The sv~rsnder of this note, ~pon p~yment w otne~wiss, shall not affect the righ~ of Bank ro reta~n rh~ Collareral for wch other
liabilities_
CREOIT IIFE AN~ CREDIT tIFE ~ ~ISABILITY INSURANCE ARE VOtUNTARY ANQ ?~lO T g~pUIRE~ FOR CREDIT. S~ch inswano~
coveray~ is awilsb!e at tM cost designated below for ti~e te~m of thc credit: (a) S.3_77..QS1______.________. fo. Cr~dit lits M-
surana~ (b) S~Q11E.-_---_____M____«-~--~_----------• for Gedit tife 3 Disability Insurance:
Check
~X L Q Gedit life Insurancs is d~sired on the lif~ of _~___,_~QrSt_~5~~.~___
_ eirthdsts $±17-41
p Credit life 6 Dissbility Insuraooe is dssind on ___.t-.__.__----._-----~-------~
- Birthdab
p Credit Life and/o~ Diubility Insvrance is not ~ ~
- /f -
Dste: ~ljs1.}l_ Z
$a-~~~?~_. Si9nsturo ~ .~,/''L~!G~_._ -
- Siynaturo -
Additions to, redvctions w er:hanqss of, or wbstitutioru for the Collstersl, payments on aocount of this loan or increas~s of the
same, or othar Iwns made partially w wholfy upen fhe Collateral, may from time to time be made without affectinq the provisiorts
of this note. Bank shall exercise reasonable care in the custody and p~eservation of the Coliateral to the extent requi~ed by spplicabls
statuts, a~ shall be c'eemed to have exercised reasonsble care if it tskes such sct~o~ fo~ that purpose as Maker shall reasonably reqwsf
in writinp, but ra omiuion to do arry act not reqwsted by AAaker shall be deemed a failure to exercise reasonabl~ ca?e, and no omis-
sion to comply witfi aMr request of Msker shall of itself be deemed e failure to exercise reasonable care. Bank shall not b~ bound to
take any steps necessary to pres~rvs any rights in tfie Colleteral ayainst priw p+rties and Maker shall take all n~cessary steps for suth
purposes_ Bank or in nominee need not collect interest on w principal of ~ny Collateral w give any notiq with respatr to it.
~ If fhe Collareral shall ~t ~ny ~irt+s become unsatisfactory to Bank, Maker shall within one day aher demsnd pt~dp~ and deposil
with Bank ss prrt of the Collstt~~l additional property which is satisfaUOry to Bank.
{ If Bank deems itself ins~curs, or upon the happen+ng of am? of the following events, each of which shall constitut~ ~ d~f~ult i~en-
under, atl liabilities of exh Msker to Bank shall tt?~reupon or theresfter, at the opt~on of Bank, without notice or dem~nd, becon» dv~ ?
and payable: (a) the failure of er?y Obliyor (which term shall mean and inctude exh Ma4er, endws!~r, surety, and Qwrantw of !his
note) to pNform a~y ay~eement hereunder, to Wy interest he~eon within ten days aher ir is due, or if thero bs no dw d~te, af1K it
is bill~d or ofh~rwise reqvestsd d demar?d~d, fo pay any other liability whstso~ver to Bank when dve; (b) the death of ~ny Obl~' or
(c) the filiny of ~ny petition under the Bankruptcy Ad, w eny similar federal or state staturs, by orag ainst any Obli~; an appl'ica-
tion for ths ~ppoinrmsM of s reoeiver fw, tfie maki~+y of a general assiynment fw the benefit of creditors by, or th~ insolr~ncy of any
Qbliyor; (e) ths entry of a judoement ag~inst a~y Obligor; (f)j ths iss~irp of any attachmen~ or ga~nishment, or th~ (;lirq of any lien,
against smr prop~rty of any Obliyor; (q) the takiny of possession of aMr sobstantial part of the properry of rny Obliyor st th~ instance
of ~ny povemmentsl suthoriy: (h? ths dissolvtion, merfler, consolidsrion, or rewganizarion of any Obli~: (i) the assiqnmMt by any
Maker of any eqvity in eny of the Collsteral without the wrincn conunr of the Bank. Each Obtigw hereby wa~ves any requir~m~nt of
- ~otice a demand reflectir?y such acceleraY,on insofar as s~ch requirement be in addition to the mere exercise of any rcmedy afforded in
- this Nots or fhs institvtion of wit by the then hofder.
1 Bank shsll h~ve, b~t shall not be limited to, the following riohls, esch of which may be exercised at any time whether a not thia
note is due: (i) to p~edge or fransfer this note and the Collateral snd Bank shall therevpon be relieved of aIl duties and .esponsibilities
~ ~ hereunder ~~d releeved from sny and all tiability with respett to any Collateral so ptedged or transferred, and any ptedge~ or trans-
feree shall for all purposss stand in the plsce of Bank hereunder arsd have all the rights of Bank hereu~der, (~i) to t•ansfer the whole
a ~~ry part of the Co~lateral into the name of itself w its nominee; (iu} to vote the Collateral; (rv) to rot~fy the Obligors of sr?y Col-
lateral to make payment to Bank of any amounts due a to become due thereon; (v) to demand, sut for, collect, or make eny compro-
mise o~ settlemenl it deems desirable with reference to the Cotlateral; and (vi) to take control of any proceeds of Coltsreral.
Bank is he?eby given a lien upon artd a securiy interesf in all property of each Ob!igor now w at any time hereafrer in the pos-
- sess~on of BanR in any capacity whatsoever, including bu! not limi~ed to any balance w share oE any deposit, truct, or syency account,
as the secvrity fw the paymenf of this note, and a similrr I~en upon and security inte~est in all such property of exh Maker as securiy
fo~ the payment of all other liabilities of each Maker to Bank (incSud~ng liabiliti-s o( eath Maker and any other perso~); and Bank shall
have the sama rights as to such prpperty as it has with respect to the Cottsteral.
_ If Bank deems itself insecure w upon Ihe otcurrence of any defautt hereunder Bank shal! have tne forectosure and otner ~emedies
- of a sKUred parfy under the Uniform Commercial Code, or other applitable law and, witho~t limiting the generaliry of tne foreqoinq.
j Bank shall have the right, immediately and w~thout further action by it, to set off against this note aIl money owed by Bank in any ca-
~ ~ psc~ry to each or any Maker; and if svch set o~f shall acur, Bank shall be deemed to have e,~ercised svch r~ght of set ~'f and to have
- made a charge a~ainst any svch mw~ey immed~ately upon ihe occurrence o( such defau~r evm though such charge is made a enrered
~ on the books of 8enk subxquent thereto. Unless the Cotlareral is pe.~shabie o~ thre~tens to decline speed~ly in value or is of a type
cvstomarily sold on a recognized msrket. Bank will qive P1laker reaso~able notice of the t~me and plece of a~y publit sate +hereof or of
- the time after which any private sale o? any other intended dispos~tion therevf is to be mide. The *equirement of reasorab!e ~otite shali ~
- be met if such not~ce is mailed, postage prepaid, to any Maker at the addrrss give~ be?ow or at any other address shown on.the rec-
- - ords of 1hc Eank, a' Ieasl five days before the nme of the sale or disposition. Upo+~ dnpos:tio~ of any Co:lateral after the occurrence '
of any defau~f hereunder, Maker shall be and rema~n liab!e for any deficiency: a~ Bank shall account to M~ker for eny surplus, bul
Bank shall have the rig~~t ~o epply all or any parf of svch surplus (or to hold ~he same as a reserve sya~nst) any and a~l other I~ab~lities
of each or any Maker so Bank.
No delay w om~ss~on on ~he p+~rt of Bank in e~ercising any r~ght hereunder shall operate as a waive~ of svch riqht o~ of any oth~r
- right under this noee. Prese~tment, demand, protes~, notice oF dishonor, and extens~on.o~ rime withovt nolice are he~eby waived by
~ ; e~ch and every Obliqor. The Obliqors, jomtly and severaHy, prom]se and agree to WY all costs of co~lectio~ an~ reaso~sb+e ~trorneyi
~ fees {no+ leu than 10 %e of the p~inc~pal sum) incu.red o~ psid by B~nk i~ enfwcing ~fi~s noTe upon ~he occu~~ence of any defavlt.
_ Any no~~ce to Ma4er sh.,11 be SUfFK~lf11ly fQrylA {p/ all purposes if leh upa+ o~ p~aced ~n the mail, postaqe prepaid, addressed ~o the
~ premcses e? ths address shown below or sny ofhe. ~ddress shown on Bank's reco.ds
Whe.eve? th~s nore is e,~ecoted by a co-maker or endwser who is rhe wife of ~ maker or endwser, the sa~d w~/~ does htreby e~-
= ~ pressly ~cknowl~dqe the w,rh~~ debr ss he. joi~t and ir,dividval debt.
Exh ot M~ker xknowledyes receipr of a completed copy of this Note on ~he bov~ date.
' A~d,~s,: 5305 Oleander Avenue ^ ~
_ ~ (Seal)
" orst rause
: i. r ~
rf;
~ Fort Pierce, Fla. E'~=t FAC;E ~ ~s.,q
~ JoE~anna Krause
,