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40 Comcuercial St. ~ Jensen i3c:ach, F1oriJa p~~; rlay JS~/~p f31 s~l,_Sf,G. GU
LOCAT ION
loan Term~:
Nor• No. Dated: May 15 ,~q 7 3 5~i2,_00._.
Pr«e~dt i
FINANCE : 9f34. GO
-S ixt~...(.G~ N
atte~ date the underslgned, e~e~nalter ~ ORt11S CHARGE
alted Maker, ~o~ntly and severally Documeni•.y
prom~se(s) to? value reCe~ved to pay to the order Of the Bank. at its oi(~ce S~amps
as I~sted above the sum ot (total ot payments).._ . Credit lifa (o~ lifo
c'uUlt '1`i [OUSI?i~U 1rIV1: EiUNU1tLU SIXTY S1X i~NU GO/100 d. Disobility) Inf.i
Otho ( em{ )
- _ Oollars r it ze
. _ . . . . . . . . . .
- . - •
- • .96 Per snn~m, all •
wi~h interest thereon at ths rate of .QO__ payable in •
76 11 7 t
._.~Q.--.-- monthly i~stallments of S.. each o~n the . y• ~:~/day of
each successive mon~h commenci ~ ' ' _
ng on ~ l':1 t.-_- f~l, 19._~:._. ~ope~her wi~h
a BAIIOOtJ PAYMENT AF ~ NOIl@------------- p'-" . . 1Q - - AMOUNT _ _ ' ;
- - •
FINANCEO = •--•-..~.S~L_.l~U_..
A iine computed et the ra~e oi s.OS per s1.00 on each inslal!mem in defautt for ~parately collccted
e period in excess of 10 days may be cherged the Maker. No s~xh fine shall exceed ~har es ~
~ s5.00. Maker is required to pay all cos~s of collectio~, includ~ng a reasonable attor- o (~~emize)
. .
~ey's fee if ro(errcd for collection or Ieqel proceedir?gs. All pbyments, whether prin- s~'~~"-~ ~
cipal, interes? w olherwise, not ~eceived whe~ due shall bear iMeresl at 109'e per i..__ `
ennum from due date until paid. All payments made he?evnder shall be credited ANNUAL PERCENTAGE RATE _IO__ y,
fi~tt to interost, then to law(ul charfles ~hen ~ccrued, and last to p.incipal. ~
If the loen is prcpaid in full, accelerated or refi~anced, the Maker shall ss of the date of svch event receive such refund of 1he un-
ea~ned po?tion o( ~he credi~ life insurance p?emium and f~nance :harqe and such o~her credit as may be required by law or as may be
necessary to avoid usury, provided that the Holder may relain a mimmum finance charge of s~S.00, whether or rwt olherwix carned,
snd except in tne case of a~elinar+cing, no tinance char9e o. premium refund shall be made if i1 amounts 10 less than s1.00. Retentior~
of any minim~m finance shall be in addition to service charge if any. Any tanguage elsewhere herein to the mntr~ry notwiths~andinp,
neither Bank nor any holder hereof shall receive or retain any charpe o~ interest not allowed by law. :
As sec~rity for the paymeM of this no~e Maker has pledged or deposited with Bank the followinq property~_.. 0 7 b J
fo und i v id ecF
-
inter~st.__in_,~_,_..Turtle___Itee_f._Conc]. 1_,___recorc~ed__in_O.1Z._.__Book__ 250~_Pac;e 2931! _Unit ;
::zek 3~1 in._Conci_ ..C-12 .anci .Unit_.t:eek 1£3 in .Conc3. _C-10, _ ~;pt. Nos.__ C-12..anu .C-10 re-~
(including nN cash, stock and olhc~ dividerxls and all riqhts to suliscritx~ for securities incidenl lo, declarecl o~ c~ranled in tonnect~nn with_ }
such properry), which ~xoperty, toqr.~hor w~th ali nddi~~one .~nd wl2shtuhons hereafler p~ixJged or deposited w~Ih Denk is calir~i ~ •`!~~'r t-1Vl.~
ieleral. The Col~a~eral is also pledged es security (or alt other Iiabiiilies to Bank, (primary, secw~dary, d~rect, coMingent, sol~• 1
several), due or to become due or whith may be hereafter contracted or acqu~.ed, o( eath Maker (or of esch Maker and any o~ ~ i
son). The surrerider of this note, upw? payment or otherwise, shall not affect ~i~e riyht of Bank to rttain the Colla~aral for such o~~,~..~~:seribe;
liabitities. 111 said :
CREDIT UfE AND CREDIT UFE 6 DISAB~UTY INSURANCE ARE VOLUNTARY AN~ NOT REQUIRED fOR CREWL Suc1a insuranc ort - a @
coverape is availebls et the cost designated bebw for tho te~m of tno cred;r: (e} S
(w C?cdit t~fe 1 y g
curence (b) s . . - . - - . . ior Crod~~ Gi.~ d D~sebiliry Inwrsnce: -
C~,ock
~x I. p Credit life Insurance is desired on the life of
• , Si~thdete -
-
~ Cred~t life b Oisability Inwrance is desired on
- /
- Birthda1e' . -------1t__...~...--~------- - -
_ ? Credit life and/Qr Disability Insurance is oot des'ved. _ ~ ~ - -
.
iKay 15 , 19 l6 . - •
Date• . Si9nature X.-../.-,..•...-Y:I: ~ ~ ' ~ ~ ~Henry C . Van Mourik
. , .
-y---
Signature ..X. _ : -_---r• . JUY22 I . Van Mourik ~
Additions to, reductions or exchanges of, or subsritutions for fhe Col~aterat, payments on account of this loan or increases of the
same, or other loans made partially or wholly ~por, rhe Collateral, may from time to time be made witho~t affecting the provisior?s
of this note. Bank shall exercise reasonabie care in the custody and preservation of the Collateral to the extent required by applicable
statvte, and shalf be deemed to have exercised reasanab:e care if it takes such action fo~ that purpose as Maker shall reasonably request %
in writina, but no om~ss~on to do any act not requested by Maker shall be deemed a fa~lu.e ro exercise reaso~able care, and r?o omis- ~
sion to comply w~th any request of Maker shall 04 ~tself be deemed a fail~re to exercise .reasonable care. Bank sha!1 not be bound to
take any steps necessary to preserve any rights ~n the Collatera{ against prior parties end Make? shall take ell necessary steps fw svch
purposes. Bank w its n~,minee need not coltect interesr on o~ principal of any Collate?al w give any nolice with respecf to it_
~f ~he Collateral shall at any time btcome unsatisfactory to Bank, Maker shail within one day afrer demend pledpe and deposit
! with Benk as pa~l of the Co{Istcral ackfi~ional propr.rty wiiich is sahcficto~y to Bank.
! IF D.mk d.~rms ~tsclf insecurc, or u~~on thc hep~,en~~~ry of eny of ~t~c followinc~ evcnts, cad~ ol which sha~l constiWte e defauh h~rc-
~ under, ail I~abi~~ties of each ~Aaker to Bank shall ~hereupon or Iherea`?er, a+ thc opfio~ of Bank, wi~hout notice w demancl, become due
j and payabte: (a) the failure of any Obligor (which term shal! mean and inctude each Maker, endorser, surety, and guarantor of this
~ notc) to perform any agreement hereunder, to pay interest hereon within te~ days atter it is due, or if there be no due date, afrer it
' is bilted o~ othe~w~se requested or demanded, to pay any other liability whatscever to Bank when d~e; (b) the death of any Obligw;
~ (c) the filing of any perition u~der ~he Bankr~ptcy Act, o+ any simifar federal or s?ate statute, by or against any Obfigo~; (d) an applica-
~ tion for the appointment of a receiver for, the making of a general assignment for tix benefit of creditors by, w the insolvency of any
~ Obligor: (e) the entry of a judgement against any Obiigor; (f) the issuing of any attachment or garrishrnent, oi 1he fiiing of any lien,
~ against any property of any Obligo.; (g) the taking of possession of any substantial part of the property of any Obligor at tne insfar?ce
~ of any governmental authoriry; (h) the dissolutio~, merger, consolidation, or reorganization of any Obligor; (i) the assignment by any
~ Make? of any equity in any of the Collateral w~~hout the written consent of the Bank. Eech Obiigor hereby waives any requirement of
r,otice or demand reflecting such acceleration insofar as s~ch requirement be in sddition to the mere exercise of any remedy afforded in
~ this Note or the instit~tion of s~it by the then holder.
8ank shall have, but shall not be lim~ted to, the following riohts, each of which may be exercised at any rime whethrr o~ not this
.note is due: (i) to plcdge or transfe. this nore and the Cotlateral and Bank shail thereupo+~ be relieved of all duties and responsibilifies
hereunder and relieved from any and all liabil~ty with res~t to any Collareral so pledged or transferred, and any pleogee or trans-
feree shall for all purposes stand in the plate of Bank hereunde~ and have all the rights of Bank hereunder; (ii) to transfer the whole
w any part of the Coliateral info the name of itself or its nominee; (iii) to vote the Collaterai; (iv) to notify the Obligars of any Col•
lateral to make payment to Bank of any amounts due o~ ~o become due thereon; (v) to demand, sue for, collect, or make a~y compro-
mise or settlement ir deerns desirable wirh reference to the Collateral; and (v~) to take co~trol of any praeeds of Coilateral.
Bank ~s hereby given a lien upon and a secur;ry interest in a~l property of each Obligor now or at any time hereafter in the pos-
~ session oF Bank in eny capacity whatsoever, inctuding but not I~mited to any batance or share of any deposit, trusf, or e
~ ag ncy acco~nt,
as the security for the payment of this note, and a simiiar iien upan and securiry interest in all such property of each Maker as security
~ fw the psyment of all other liabitit~es of each Maker to Bank (induding liabil~ties of each Maker and any other person); and Bank shall
have the same rights as to such proxrty as ir has with respect to the Co{lateraf.
~ If Bank deems itself insecure or upon the occurrence of any default hereunder Bank shall have the foreclosure and other iemedies
a of a secured party under the Unifo~m Commercial Code, or other applicable law and, withou~ limiting the generaiity of the foregoing,
Bank shall have the right, immediately and without furtner attio~ by it, to set off against this ~ote afl money owed tr,r 8ank in any ta-
ti pacity to each or any Maker; and if svch set off shall occur, Bank shall be deemed to have exercised such rigM of set off and to have
made a cha.ge aga~nst any such money immedia~ely upon ihe acurre~ce of such default even though such charge is made or entered
; o~ the books of Bank subscaucm thereto. Unless tne Collatc~a~ is perishabte or thrcatens to decline spcedily in value or is of a type
~ customanly soid on a recogm~ed market, Bank will g~ve Maker reasonaole notice of the time and plice of any p~blic sale ~he~eof w of
the time after which any p,ivate sale or any oihe~ intended d~sposition thereof is to be made The requirement of reasonable notice shail
be met if such notice is mailed, postage prepaid, to any Maker at the address given below or at any o~her address shown on fhe rec-
~ ords of the Bank, at least five days before the time of the sale or dispos~tion. Upon disposition of any Collaterat a/ter the occ~rrence ~+4 '
of any default hereu~der, Meke? shall be and remain Gable for any defic~er.cy; and Bank shall xcount to Maker for any surplus. but '
' Bank shall have the riyht fo apply all or any part of su~h surplus (or to ho(d the same as a reserve ayeinst) any end all othe? liabilities ~ r
~ of eech or sny Maker to Benk. }
~ No delav or omission on the part of Bank in exercis~ny any rigM hereunder shall operare as a waiver of such riqht or of any other
~ ngnt under ~his ~ore. Presentment, demand, pro!es!, r.ot~ce of dishonor, and extension of time witnout natice are hereby waived by
each and every ObGqor. The Obtigon, jointly and severally, promfse and agree to pay aU costs of co!lect~on and reaso~able attomeys'
~ fees (nor Iess tnan 10% of the prinupal sum) incurred or pa~d by Bank in enforcing this nore upon the occvrrence of any defauh. ~
~ A~Y notfce to Maker shall be sufi7cienlly served fw all pvrposes if feit upon or placed in the maif, posts9e prepaid, ~ddressefl io fhe
' prem~ses at the address shown below or any other address si,own o~ Ba~k's records. . •
~ Where•rer this note is eaecuted by e co-maker w endorser who is the wife%f a maker or endorser, the said wife doesihereby ex- ~
~ pressly acknowtedye the with~n debt ss her jant and ind~vidusl debt. j , 1'~ ~
~ Eech of Maker ~cknowledges receipt of ~ comp~ered copy of th~s No~~ on ths ebove ~datA. ~ , ~
• r • j
' ~ , i
~ Addr si• ...ZZI16I. AV.O ` , ~ • ~ ~
. . 3 ~.lU_. N - . , % - ~ ` r._ - • - (s..q
_ - ~ .
~ Liyhthouse Point, Floriaa 1~::N~tY C,/~"Ve~N•-1?SOUKiK ~
~ ~ , .
• . . ; .r.C. ~ %
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: . 'JUNL ..I. "V11N- Ii0(3i"cIY.
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