HomeMy WebLinkAbout0736 _ _ _ . ~ a _ . . 1 ~ _ .i1a1La. '
~~:~.?c ivnMe ~ ~ ~s~wred~
Jensen Beach . FL• o~.: __~q s
LOCATION
Nofs No. Dal~d: lwn Terms:
19 ~-Fj- Proceeds i .......3~~_~Q2..~.0.
FINANCE
Sidne _G.t. _ Poe.._and_ _Mo.ira.._L._ PO@_ _ . . . . CHARGE s .............9~.~_... Q.
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atter date the unders~gnecl, heremafte~ call~d Make~, joiMly and sevMaily Documen~ary r,,,_,._._
promise(sj tor vatue recerved to pay to the ordPC.o~.li~ B~ni~~l,~is.catllce S~amps
as listed above the sum of (total ot payments), . Trllir: '1riVUbKNU C~~;~ ~;{e (o~ lifs
FOUR HUNDRED TWO-------- b Disabili f~u.i
hi)
pthe ( emize
. Doliars ? it )
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wilh inierosf thereon at IF?s rete of ~ 0. % per ~nnum, ell payable in ~
~ s
----.~Q..._ monfhly instaNmertts of S.T2..2.4. sxh on ths dsy of ~
:
each suaessivs month commerxinp on 19-- . tope~her wilh
s BAIIOON PAYMENT OF i O . aue ....0. _ . 19 AMOUNT
. . . FINANCED s 4. 33 ~ -4-A
A fine computed at the rote of s.05 per s1.00 on each ~nstal!nenr in defautt tor '
s period in excess of 10 days msy be charged the Maker. No such fine shaN exceed ~Pa~alely collected
SS.00. Maker is required to pay alI costs of collection, includ~ng a.easonabls a~to,r- charQes (itemite)
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ney's tee if refarred (or collxtion or Iegal proceedinps. All payments, whether p~in- :
cipa{, interest w o~herwiu, not received when due shalt besr inrerest at 10% per i._
an~um irom. due dale until paid. All payma~ts made hereunder shall be cred~ted ANNUAL PERCENTAGE RATE
fi?st fo inte.est, tFxn to lawfu! chsrqes then accrued, snd last to principal. 0- x'
If 1Fie loan is prepaid in full, accelerated o~ refinanced, the Maker shall as oi the date of avch eveM receive svch reiund of 1he un-
ear~ed pwfio~ of ths credit life imurance premium and finance charge and serch o?l~er credit as n?sy bs ?eqvire,d,~,Jaw p aa may be
necessary to avad ~sury, provided tMf fhe Hotder may ~etain a minim~m finance charye of t45.00, wftiether u not otherwise earned,
and ezcept in the cau of a re(~nsncing, no f~nance charpe or premium refu~d shall be made if it amovnts to leu than =1_00. Retcnfior?
of any minimum (inance shall be in additio~ to urvice charge if any. Any langvage elsewhere herein 1o the contr~ry r?otwithstsndinp,
nelther Ba~k nor any holder hereof shall receive a retain eny charge or interest not allowed by taw.
As security fo. the paymenl of rhis nore AAaker has pledged or depos~ted w~th 8snk ihe folfowinq p~operty:
----~Trrit --Weeks----2-~---and--- 22---~n---Gondot~aa~n,ium-- C_--.6
- ---o~--TYr-~t~le- Re~f--_C~n~lo~nir~i~m~ --5.,---1D500-. AlA-~_: Hutchinson.._Island, ..FL
(irxl ~ng al cas srock s o~he. ~vi e s an a~ r~g ts to subx~~be for secu.it~es ~~ddent to, declered or granted in connectio~ with
such p~operty), which praperty, together wilh all addetions and subslitur~ons he.eafter pfedqed or deposited with Bank is called the Col-
lateral. The Collate.al is also ptedged as security fw alt other I~abili~~es to Bank, (primary, secondary, direct, con~ingent, sote, ~oint w
several), due w lo become due w which may be herea(ter contracted or acQuired, of eath Maker (or of eacA Maker snd eny other per•
so~). The aurrender of this note, upw~ payment w otherw~se, shall not a(fect the r;yht of Bank to retain the Collaleral fw such other
liabilities.
CRfDIT tIFF ~~CRfU1T IIFE 3 DISABIIiTY lhSURANCE ARE VQLUPITARY AND NOT RfQU1RED FOR CREOIT. Sutfi insuranca
coveraqe is available ((/Sl,e cost designated balow for the term of ~he credi~: (a) S--_.--••--.-• for Credit l7(e In-
suranct (b) i YJ'G. fo. Cred~t ~ife 8 ~~s~bi7ity lnawance: -
Check
APP~• ? Credit life Insur~i~e~s desired a? the lite of
Box
G-----~.-
p - - - girthdate - - -
Q Credit life 3 Oisability Ins~i~~Ois desired on
&rtF?date - ~
~ Credit life and/or Disability Insur~ i not desired. . /Y - - r
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Date: • s - ~f Si nstu _ f;::~-/ ~,ri:. - ~
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Siqneture - -!'.'Lc~-t-c:~C..:f •
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Addit+ons to, reductions or exchanges of, or subsr~tut~ons far the Cpltateral, paymenls on sccount of this loan or increeses of the
same, or other loans made partiatly or wholly vpon the Coltaterol, may from time to time be made without affecting 1he provisions
of this note. Bank shall exercise reasonabte care ~n the custody and preservation of the Collateral to the extent required by applicable
statute, and shell be deemed to have exercised reasonab+e ca.e if ~t rakes s~ch act~on for that purpose as Maker shall ~easonably req~est
in writing, but no omission to do any act not requested by Maker shafl be deemed a failure to exerciu reasonabte care, end no omis-
s;on to compfy with eny request of N.eker shall of itself be deemed a fa~lure to exerciu ~easonable care. 8ank shall not be bound to
fake any steps ~+ecesssry to preserve any rights i~ the COilateral against prio. parties arul Maker shall teke ali necesssry s~eps fw such
purpous. 8ank or its nominee need not collect interest on or prirx~pal of any Collateral or give any notice with resped to it.
If tho Co~latr.rel shall et eny ~ime F~come unzetislacto.y to Bank, Maker shail within one day after demend pledga end doposit
willt flnnk n: ~~.trt o( IiN• Co(IMCrnI +f~t.ldihnnl pro~w~rly wiiicl~ it s.~h-.Lti Mry fn A.~nk.
If Bank deems ilsel( inzecure, or upun ti~e hnp~r:rn~~q oI er~y of the followi~x~ CYCMS, PACIi ol whith shnll comhtuir e d.•(nul~ he~e-
under, ell liebilities of each Maker to Bank shall thereupon or thereefter, at Ihe op~ion of Benk, withovt notice or ciemand, become due
and paysble: (a) the faiiure of any Obligor (which ~erm shal! mean and inc!ude each Maker, endorser, surety, and gua~antor of this
note) to perform any agreeme~t hereurxier, to pay in~erest hereon within ten days after it is due, or if there be no due date, after it
is bilfed pr otherwise reqvested or demanded, to pay any ofher liabihty wfiauoever to Bank when due; (b) the death of any Obligor;
(c) the filirp of any petition under the Bank.uptcy Act, o~ any simila. federel w state statute, by or against any Obligor; (d) an applica-
tion for the appoiniment of a receiver for, the making of a genera! ass~gnment for the benefit of cred~tors by, or the ~nsolvency of any
Obligor; (e) the entry of a ivd9ement sgainst any Obligor; (f) tne issu~ng of any attachment or garnishment, or the fili~g of eny fie~,
egainsl any prope.ty of eny Obiigor; (g) the taking of possess~on o/ any substantiel parr of the property of any Obligo? at the instar?ce
of any governmentef au~horiry; (hj fhe dissol~tion, merger, consoiidatio~, or reprganitation of any Obtigor; (i) the assiqnment by any
Maker of any equity fn eny of the Collateral without the written consent of the Bank. Exh Obligor hereby weives eny reqvirement of
notice or ckmand reflecting svch ecceleration insofar qs suct. requirement be in addition tp the mere exertise of any remedy afforded in
this Note a the insfitution of svif by the then holder.
Bank shatl have, b~t shall not be limited to, the fotlowing riohts, each of which may be exertiseo at a~y time whether o? not this
rote is due: (i) to pledge o? transfer th~s note and the Collaterat and Bank shaii therevpon be relieved of aU duties and respansibil~ties
hereunder and relieved f.om any end all fiabitify with respect ro any Cotlareral so pledged o? transferred, and any pledgee w trans-
feree shall fo. aIl purposes stand in ~he plxe of Bank hereunder and i~ave all the r:gfiis of Bank hereunder; (ii) to transfer the whole
o~ eny part of the Collateral info the name of i~setf or its nom~nee; (iii} fo vote the Coilareral; (iv) to notify the Obligois of any Co!-
latersl to make payment to Bank of any amounts due or to become due thereon; (v) to demand, sue for, collect, or make any compro-
mise or setflement it deems desirabte with reference ro the Collateraf; and (vi) to ta(ce controt of any praeeds of Coitateral.
8ank is hereby given a lien vpon and s secvriiy mterest in all property of each Obligor now or at any time hereafter in the pos-
session of Bank in any capacity whetsoever, including but not limited to any balance or share of any deposit, trvst, or agerxy account,
as the security for the payment of this note, and a similer lian upon and security interest in all such property of each Maker as secvriy
for the payment of all other fiabiiities of each Maker to Bank (including liabilities of each Nlaker and any other person); and Bank shatl
have ~he same righis as to such property as it has with respect to rhe ~oliaterat.
N 8ank deems itse)f 'ensec~re or upon the octurrence of any default hereunder Bank shall have the foreclos~re and other remedies
of a setured party ~ndcr the Uniform Commc~tial Codc, or other appiicable ~aw and, wiihout limiting the gencrality of thc forc.ryoirx~,
Bank shetf havo Ihe ric.~hf, immcdialeJy and witho~t further ect;an by it, to set off against this nofe ail moncy owed by Bank in any ca-
pacity to each or any Maker; end ~f such set off shali uccur, Sank shall be deemed to have exercised such rigiit of se~ ofI end to have
made a chafge aga~nst any svch money immediately vpon fne occurrence of s~ch defa~~t even thou~h such charge is made or entered
o~ the books of Bank subsequent tnereto. Unless tne Co~iareral is perisnabte or rhreatens to decline speed~~y in valve or is of a type
cusromarily sold on a recognized market, Bank witl give Maker reaso~ab(e ~orice of rhe time and place of any public sate thereof or of
fhe time after which any private sale or any othe~ intended dispos~tion the.eof is to be made. The requirement of reasonable notice shall
be met if such notice is mailed, posta9e prepaid, +o any Maker at tne address given below or st any other eddress shown on the rec-
o~ds ~f tl,e F?nnk, nr ieis~ (ive dnys F~~orr ~hn ~;ma of th~ sale o~ d~spos~non. Upon d~sPOS~tion of any Collateral aNer tho occ~~rrence
of any dn(nuit h~~~cund~•r, Mek~r sh.~ll Ixi~ rerna~~ linbt~ (or any ~I~f~n~ncV: end 8enk shall ectouM ~o Makor fo~ any sur~tus, trut
8ank shaq have fha riyht to apply ell or er~p~J,~rt of such su~ptus (or to hold tl~e same es e reserve egeins~) eny end ell o~hcr Gabililics
of eech or any Meker to Ba~k. 'Y,9
No delay or omiss~on on ~he part of 8ank ~i/~ ercising any riqht hereunder shal! operste as a waiver of svch right o+ of any other
r~gfit under this note. Presen?ment, demsnd, prp`~!~,(~notice oI d~shonor, and extension of time without notice are hereby wa~ved by
each and every Obligor. The Obiigo~s, jointly and Sevp~aily, prom~se and agrte to pey e1J costs of colleU~o~ and reasonable attorneyi
fces (not less ~han IC% of the pr;ncipal s~m) incurreJl' ~d by Bank in enforcing this note upon the occurrence of sny default.
Nrnr nohce to Maker shalf be s~fficiemly ierved fw all ses if feft upon or pfsced in ths maii, postsqe prepeid, sddrossed to the
premises at the eddress shown below or •ny other addre gwn on Benk's records.
Whereve. this note is execu~ed by • co-maker or ando~sc•/~tO~io is the wife of ~ maker a endorser, the taid wi~s doss Mreby ex-
pressly etknowtedas rhe within debt es her jant and individualOebt.
Each of Maker ~cknowled9ss receipt of a comp+ered copy of t Nora on ~he s dats. - ~
Addr~u: - • , . . l~ / /
,~562~.__.~W_.1.41_._~ve_._~.._Miami, FL . ,
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