HomeMy WebLinkAbout0272 er . . ,+T , ^ r • ~y N . . 9. • ~ ' `..r _ . , s , i`" . ' ~ . : : ..as `".T': c~> ~"~"i' ~ "-.ss r ' - . . . . ' . . ' . '
~ . _ Jensen Beach Bank ~ ~T~~
BANK NAME 1`~ (~CYf~ alld IJ11Mtyf'~{I)
40 Cf~rnmercial $tr~~ Jens~n ~E~i~ i~L ' `,1 , / 81 4566.u~
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IOCATI~
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Na. N.. a MaT22 . » ~ ~ ~ 581. UO
P.««da =
3~x~~__~ti0.) llonths. - - cpiw?~E t -.__.9g4..~4--
afte~ date the unders~gneci. hereinafter called Maker. ~ointly and severally pocurn~m~ry :____.,.r______~__.~_.___
promise(s) tor value recened to psy to the orde. ot the 8ank, at iis ottice Samps
as IistM above the sum of `totai of payments)... Crodit Lih (or Lih ~
Four thouaand fiv~ hundr~d and~ sixty-s~x an aa~i~?)~~.t
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with in1~?tst tMr~on af fhe rats of ---l,II a~.~ ----X per lsnnum, , yabl~ in
--Y+Q-____ ~++w~r~,t,? inst.~~n,.nts of s. ..7b.~~ .+ch o~ th.`.J!~L-,~. d.,? cf
•ath wocessiv~ mw~th cwrwnsncieq on1 ~
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t•`-"-'-r~`--"-- lq-- ~SG. toqsthli with
a MItOON PAYMEM OF i•----.. n_Qfl~_--'----- ~"O 19 AMOUNT ~ 5 F! 2• 00 ~
" ffNANCW t
A fin~ ~ed at the rats of f.05 ps~ i1.00 on each i~nt~l!ment in defsult for ~~~h~
• pKiod in exceu of 10 days may be chasqed the Make.. No such fine shall exceed
=5.00. Maks~ is requirod to psy all costs of collection. includinq -s roasonable anw- • ~+a.y~s (iheniz~)
_ .
rN~/s he if r~ferted fo~ tollettion a leyal proteedinqs. All payminn. wherher prin.
tipit, iefe?fsf or otherwisf. not .eceivad when dw si?all bear intertit ~t 109L per i------.•---_-•--•-• -
anrwm from dw d~tt w?n~ w~d. A~t P.yn?enn msde he.eunder shall bs credited ANNUAL ~ERCENTAGE RATE _ Z~'f
fiirst to i~tsrtst, lhtn to t~wfut charqft tF~? accrved, and :asi to p?incip~t.
tf the Iw~ is pepaid in fufl, accelerated w refinanced, M~e Maker shall as of rhe date of such event nes;w such rofund of the ur?-
sam~d po~tion of ths u-edit life ieswanee p.emi~m and fioance charqe and such otFeN credit as m~y be required by law or u may b~
~scessary to avoid uwry. povided that the Hoider may retain • minimum fina~ce charye of t25.00, whether a ~ot oM~rvvise ~a?n~d,
and exospt in the use of a retinandng, no finsnce cha.ge w prea?ium rcfund aha!! be enad~ if it amwmts ta !eu than =I.OQ. Reter+tion -
of ~ny m~nimwn fina~ce shall be in addition to service chsrpe if any. Arry Ianyusqe elsewhere Mrein to the aa+trary notwithsf~ndirq.
n~ith~r Bank no. srry holde. hereof shall receive or retaie any charqe a i~terest ~wt allowed by law.
As s~curity fo? th~ payment of tha note Mak~r hu pled~ed w depos~ted with Bank the fdlowirq property:A 0.0769~6undivided
:ntereat_in..Turtla Rtlf Cond._1~ ~ecor~ed in O.R. Book - 50 Pa~~ 2931...
Uni t Week s 29 and ~0 in Conci. { _ ,
_ C-+1~:~;1~+~i~;~_C-2~~.~a~`~~c bedLin sa~c~n~ortgag
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CH+cludinp a!1 ash. stock and Wher dividends andal4.ric3hts to subsc~ibe fw secwities incident to, decle~ed or pranfed in connsction with
urch property), which p.operty. together with ali add:rio.~s and substirurions hereafter plad9ed a depoaited with B~nk is ulled the Col-
latat~l. The Collateral is also pledged as securiry fo~ all Whc. tisb~li6es to Bank, (p~mary. secendary, direct, continyeN, sok, joint o?
seversn, due or to become due or which may be hereafter contrscted w acquired, of each Maker (o~ of each AAaker and any other per-
son~ TF+a svrrender oi this nw~, upon psyment w otherwise, shalt not aifect the .ight of Bank to retain ths Collate~al for such otMr
liabilities.
CREDfT LIFE AND CRE~IT tIFE 8 OISABIIITY INSURANCE ARE VOtUNTARY AND NOT RfQU1RE0 FOR CRE~IT. Stxh insuranq
coveraye is av~ilable at the cosr desi9nated bebw fw the term of rhe credit: s fa ~rsdit l+fe In.
wranoe (b) S-----------------------------------------------------_----- fw Gedit tife b Disabitity Insurance:
n.~.~
1
Q Gedit tife Insurance is desircd on the life of
' - Birthdste -
Q Credit life 3 Disability Insurar+ce is desired on
- &rthdab
-
Q Credit life and/w Disability I~wranoe is nW ~r _ • G-
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Dm: __l~',a " L`1 ~_5__ s~ynaru.e _.._.X_. .
_ ~ #L~~~~i~,~.=-~_-------- iCai th Pattsrson
s~9~w~e - ' _~s•~%.~~~-~ y._ . ' ~ Joan Patteraon
_ ~ -
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Additian to, reductwns or exchanges of, or wbstituY s for the Collatersl, payments on aocount of this loan or incresses oi the
s~rne, or o~her loa~s made panially or whofly upon the Collater~l, may from time to time be made without affectin~ the provisions.. -
of this note. Bank sh~ll exerc~se reasonable care in the custody snd praservation of the Colfateral to the extent ?eqvired by ~ppliqbfe
st~tute, ~nd shall be deemed to have exercised ~NSOnabi! G~! if it takes such sction fw thst purpose as Maker shall reasonably-requesf
in writirg, bvt no omiuion to do any act not sequestedby Maker shalt be deemed a failure to exercise reasonable cere, and no omis-
sion to oomply with s~y request of Maker shall.of itself'be deemed a failure to exercise reasonabk ure. 8ank shall not be bound to
, take any steps nccessary to peserve a~ rights in the Collateral aqainss priw psrt~es and Malcer shall take all necessary sMps fw such
PurPoses- Bank or As n«n~nee need .wt cotlect interest on w principal of a~y Collateral or give any notiae with respect fo it.
If the Collatersi shall at any t?me become unsatisfactory to Bank, Maker shail wirhin one day after demand
with Bank ss paA of the Collateral additio~a) property which is satisfsctory to Bank. ~e~
If 8ank deems itself insecure, or upon the happening of a~ry oi tIx followiny events, each of which shsll cortstitute a defsult here-
~x~der, all lisbilities of eseh Mske~ to Bank shall thereupon a thereaher, at the optio~ of Bank, without notice or demand, become due
'i snd payabk: (a) the failure of any Obligor (which term shall mean and include each AAaker, endorter, suroty, and yuaranto~ of this ~
nofe) to perfotm any agreement hereunder, to pay interest hereon w;thin ten dsys after it is due, a if there be np due date, aher N
is bilkd or otherwise repuested w demanded, to pay any other I~abit~ry whstsoever to 8ank when d~e; (b) the death of any Obli~or
j (c) the filiny of any petitioa vrx~r the Bankruptcy Act, a e~y similar federal or state ststute, by orsg ainst a~y Obliyw; ~n applica- ~
i tio~ fw the appointment of a rece~v4-s#oc, the making of sg ne.al assignment for the benefit of aeditors by, or the insolvency of smr
~ Obli9w: (e) the entry of a judc~emenr aga~nsr any Obligor: (fj the iuuing of arry anachment w yarnishment, w the filitq of any lien,
{ a~a inst ~ny property of any Obligor; ~g) rhe taking of possession of any wbstantial part of the property of arry Obliyor at the instance
! oF any povernmental authorily: (h) tix dissolutio~, merge~, consolidation, or ~eoryanizateon of any Obli~or: the assiervne~t by se~y
f Makd of any equity in any of the Collaterat withovt the written consent of the Bank. Each Obli9w hereby waives sny requirement of
notice or demand reflecting such aocekration inwfar ss s~f: :equiremenr be in additian to the mere exercise of any rert~edy afforded in
~ this Note or the institution of s~it by tF+e then hoider.
j 8ank shall have, but shall ~ot be limited fo, the following riohts, exh oi wfiich may be exercised at sny time whether p nof this
{ riofe is due: (i) to pledge w transfer this note and the Collateral and Bank shall thereupon be relieved of all duties snd responsibilities
! hereunder and relieved from any and al{ liability with respect to any Collateral so pled9ed or tra~sferred, and sny pledgee or trans-
I feree shsll for sll purposes srand in the plaoe of Bank hereunder snd have all the :ights of Bank hereursder (e~ ta t:ansfer the whole ~
F or srryr psA of the Collateral inro the name of irseff or in n«n~nee; (ii~ to vote the Coltateral; (iv) to notify the Obligors of ~r?y Cd-
; Isteral to make payment to Bank of any amounts due or ro become due thereon; (v) to dema~d, sue for, collect, or rrwke any compro-
I mise w settlement it deems desirabk with refere~ce to the Collaterat; and (v~ to take contrd of any proceeds of Cdlateral. {
F Bank is hereby 9ive~ a lien upon and a security interest in sll properry o! esch Obligor now or st sny time hemsfter in the pos-
session of Bank i~ am capacity whatsoever, includ7n~ bv1 not limited to any balance or shere of any deposit, tnnt, or pency ~ao~nt,
F as the securify for the psyment of this note, s~d a similar IiM upon and seturify interest in all wthpr operty of each Msker as securify
t fw the paymenf of afl Wher liabilities of each Maker to Bank (i~cluding liabilities ef each Make? ~nd any other perso~); end 8ank sFwll
i have the same rights as to such property ss it has with respett to rhe Collateral.
!f Bank deems itself +nsecure w upon the occur.ence of any default hereunder Bank shsll have the faeclosure and other rcmedies ~
of a sccured psrty unckr the Unifwm Commercial Code. o~ other applicable !aw and, without limitiny the yenerality of the fwe9oir~q, ~
Bank shatl have the rigM, immediately and without further action by it, to set off a9ainst this note atl rtwney owed by Bank in any u- ~
pacity ro esch or any Maker; and if such set off shalt occur, Bank shall be deemed ro have exe.cised such r~'yht of set off and to have
made a charge sgainst a~y svch rtwney imrned~ately upon the occurrence of such defavlt even thouyh svch char~e is made or u~tered
on the books of Bank subsequent thereto. Unkss the Collaterat is perishable or threatens to decline speedily in valve o~ is of a type ~
customa?ily sold on a retopnized market, Bsnk wifl give AAsker reasonable notice of the time end place of any public saie thereof or of
the time aher which any pr'rvste sale or any other intended dispos~t~on thereof is to be msde. The requirement of reasonable notice shall ~
be met if such notice is maited, postsge p~epa~d, ro any Maker af the address given below or_at..any.,other address shown on the rec- ~
ords of the 8ank, at kast five days before the time of the sale or disposit~on_ Upon disposition of any Collateral after the occ~rrence
of any defavlt hereunder, 1Ylaker shal! be and rema~n liable fw any deficiency; ar+d Bank shall xtount to Maker fw any surpl~s, bul
8ank shall have the ri9ht ro apply all or arryr part of such surplus (o. to hold the same ss s reserve sqainst) any snd all other liabilities
' of each a a~+y Maker to 8a~k. }
No detay or omission on the part of Bank in exercising sny riqht hereunder shall operste ss a waiver of such r'p ht w of sny other
riyht vnder this note. Presentment, demend, protest, .,otice of dishwwr, snd extension of time withovt notice are hereby w~ived by
; each snd every Obli9or. ?he Qbl;yors, ~ointly and severally, promise snd aqree to pay sN costs of collection snd reasonabk attorneyi
~ fees (not less than 10'X. of the principal sum) irxu.red or paid by B~ink in enfpciny this ewte upon the occurre~ce of any dsfault.
Any rw~ice to Make~ shall be sufficienNy served for all purposes if kh ~por? w plsced in the mail, posfs9e prepaid, addressed to ths
~ premises st the ~ddress shown below o~ any other address shown on Bank's records.
~ Wherever this note ~s executcd by i co-maker o. e~dorser who is the wife of a mske~ w enclorser, the said wife dces hereby ex- ~
i pressly ack~owleelye the withi~ debt as her joint and ~ndividwl debt.
~ Each of Maker acknowledqes reaeipt of a completed copy of this Mot~ on tl+a e daro. - ~
~ ~ " - ~
' ~dd.«.: _9;_~_1_ Bei ~+~re ~r-ive_ s.1-~'.'r~',. - ~
M_amf_~---FL ~i- ~~e~i`-son _ .~"4 ~
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