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HomeMy WebLinkAbout0679 ' ) ' • JenaiQ N~iCh ~iNC INSTALUNENT NOTE BANK NAME t~und and Unwcu?~d) _ 40 Coemercia~ St.1 Jenaen Boach~ Plorida Du~: ~q 4,107.60 LOCATION ' NoN No. Dat~d: ~'V, ~ . 19 r~~ twn T~rms: J Wxeeds Z 2 Z~ ~0 NNANCE g~iS. ---s ixt~--- ~ 6o I__. Montha---- - cruu~c:E : - : - - atter date the undersigned, hereinafter called Maker~ jointly and severally pocumsnt~ry ; promise(s) tor value recewed to pay to the order of the Bank~ at its oftice Sramps 1'sted _ab~qy th~e,~}~m~ oi tota~l o~ipa ymen s _ Credit Lih (or lih f FOUR ~U5l1a~ V~1li ~yli~1~ $B~~ ~Jl~a ~ Disability) Ins.i ; : Other (itemize) - . Oollan ; mterest the?~on at the rat~ of~~•~• -•-_.9f, ps~ annum, ell ~ ~ o~ s DaY~bk in ~ ma?thly instaltment: of ~8•db._-.- ~ ! _ . . , - - - _ each oe the . . . - day of ; • ~ . ~ 1 f ; •ath suacessivs moofh nu on :..t_ . 19---._.._.. topstF~r with f a BA[tOON PAYMENT oF~oa~- o,,. - . ~v ~outvT 3 2Z2 0 ~ - fINANCW i ' A fin~ computed st the rate of =.05 per =1.00 on each instsl!ment in default fa ~~~~nly collect~d ~ a pe.iod in exceu of 10 days may be charqed ths AAaker. No svch fine shall exceed ~ ~ i5.00. Maker is ~equired to pay all costs of collection, includiry s ressonable attor- ~huqes (itemize) ney's iee if referred fw collection w lepal proceedirqs. All payments, whether prin- ~ cipal, interest o? otherwise. not rateived when due shall be~r interesl at 1096 per i-----• - : annum from due date until paid. All payments msde he?eu:+der shall be credited ANNUAL PERCENTAGE RATE ra___ ~j~, fint to interest, then to lawfvl char9es then accrued, and last to p~incipal. If the loan is prepaid i~ f~Il, aaelerated w refinanced, the Maker shall ss of the date of such event receive such mfund of the un- earned portion of the credit life iosurarxe prcmium and finance charge and s~ch orher credit as may be required by law w as may be necessary ta avad us~ry, provided thst the Holder may retain a minimum finance charge of =25.00. whether w not oth~rwis~ earnsd, and except in the case of a refinancinq, no finance charye or premium refund shall be made if it amounts to leu than sl_00. Retentio~ of any mi~imum financs shsll be in additio~ to urvice charge if any. Any Isnguaye elsewhere herein to the contrary ~ofwifhstandinq, neither Bank no~ any ho~der hereof shall receive w retain any charye w interest r+ot allowed by law. ; q~ nty for the payment of this note ker has pledqed w deposited with Bsnk the followi a 0 769% V~ i V~~ ' P? ^Y° - interoat in~urtle Reef Cond. rocorded in O.It. 8ook 25~~ ~ay~a ~3~T..~~ ait lasks - - 33-~ia ~~ond~:~~_C-3;-_--Ap~~--~-3~-:----as--discril~e3---in---aaid---i~iortQigi:- - - _ _ - - (inctudi~g al! c~-~, =`ock and other dividends a~d all rights to s~bscribe fw securities i~cideM to, declared ~ granted in connectio~ with such properfy), which property, together with aN add~tio~s and subsr~~utions hercafter pledged w depos~ted with Bank is called the Col- latetal. The Collateral is also pledged as security fo. all other liabil~ties to Bank, (primary, secondary, direct, continqent, sole, ~oint a several), due w to become due or which may be hereafter contrxted or acquircd, of each Make~ (a of each Maker and sny other per- son). The surrender of this note, upa+ payment or othe?wise, shall not affect the right of Bank to retain the Collateral fw such other liabilities. CREDIT LIFE AND CREDIT IIFE 3 DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED fOR CREOIT. Sexh insu?ance coverage is available at the cost designated bebw for the term of the credit: (a) S for Credit life In- surance (b) S _ - _ for Credit life 6 Disabiliy Inwrance: Check Appl. Credit Life Inwrance is desired o~ the life of Box " \ ~ - - - - - - Birthdate : / ? Credit Life d. Disability Insurante ~s desired on : - - - - - - Birthdate . - + ~ Cr~; Ly~a~qdlor Disability Insurance is not desired. y , i~ u , - Date: - Signaturl~.----------~---------- ---wiliia,v ~T • ~e@1 . - _ - ~ Signatur~. JOaA ~@Al s _ - - - - ~ Additions to, reductions or exchanges of, or substitutio~s for the Collateral, payments on accovnt of this loan or increases of the same, or other loans made partiaily or wholly upon fhe Co!laterat, may from time to time be made without affecting the provisions ; of this note. Bank shall e:ercise reasonable care in the custody and preservation of the Cotlateral to the extent required by applicabk - , statute, and shall be deemed to have e:ercised reasonabte care ~f it takes such action fo~ tha~ purpose as Maker shall reasonably request in writing, but no omission to do any act not,requested by Maker shall be deemed a failure to exercise reasonable care, and no omis- sion to comply with any requcst of Maker shall of itself be deemed a failure to exercise reasonable care. Bank shall not be bound to take any steps necessary to preserve any rights in the Collateral egainst prior perties and Maker shall take atl necessary steps for suth purposes. Bank w ets nominee need not collecl interest on w principal of any Cotlateral or give any notice with respect to it. ' !f fhe Collateral shall at any time become unsatisfactory to Bank, Maker shail within one day aher demand pledpe and deposif ~ with Bank as part of the Collateral additional property which is satisfactory to Bank. ~ If Bank deems ~tself insecure, w upon the happening of any of the follow~ng events, each of which shall co~stitute a defa~lt hero- ~ urxler, all lisbilities of each Make. to Bank shall thereupon w. thereafter, at the option of Bank, withovt notice or demand, becon?e due ~ and payable: (a) the failure o[ any Ouligor (which term shall mean and include each Maker, endorser, surety, and guara~tw of this ~ note) to perform any agreement hereunder, to pay interest he~eon within ten days after it is due, or if tixre be no due date, after it ~ is billed or otherw~se requested o. demanded, to pay any other liability whatsoever to Bank when due; (b) the death of any Obligor F (c) the filing of any petition under the Bank?uptcy Act, or any similar federal or state statute, by orsg ainst any Obligor; (dy an applics- tio~ fw the appointment of a receiver for, the making of a general assignment for the benefit of crediton by, or the insolvency of any t Obligor; (e) the entry of a judgement against any Obligor; (fl the issuing of any anathment or garnishment, or the filing of any lien, g sgainst any property of any Obligor; (g) the taking of possession of any substantia~ part of the property of any Obligor at ihe instence ~ of any governmental authority; {h) the dissolution, merger, consolidation, or reorganization of any Obligor; (i) the assignment by any Maker oF any equiy in any of the Collateral without the written conxnt of the Bani. Exh QWigor hereby waives any requirement of nofice or demand reflecting such acceleration insofar as stxh req~irement be in addifion fo the mere ezercise of ar?y remedy afiorded in ~ this Note w the institution of suit by the then holder. ~ Bank shall have, bvt shall not be limited to, the following riohts, each of which may be e=ercised at any time whether or not this ~ note is due: (i) fo pledge w transfer this note and the Collateral and Bank shall thereupon be relieved of all dvties and responsibilities ~ hereunder and relieved from any and all liability with respect to any Collateral w pledged or transferred, and any pledyee or trans- g feree shall for all purposes stand in the place of Bank hereunder and have alt tne rights of Bank hereunde?; (ii) to transfer the whole ~ or any part of the Co~lateral into the name of itulf or its nominee; (iii) to vote the Collateral; (iv) to notify the Obligors of any Col- lateral to make payment to Bank of any smounts dve or to become due thereon; (v) to demand, sue for, collect, w make any compro- • miu w settlement it deems desirabfe with refererxe to the Collateral; and (vi) to take control of any proceeds of Co~lateral. ~ Bank is hereby given a lien upon and a security interest in all properry of each Obligor now w at any time hereafter in the pos- sessio~ of Bank in any capacity whatsoever, including but not lim~ted to any balance or share of any deposit, trust, or ayency account, ~ as the security fw the payment of this note, and a similar lien upon and security interest in all such property of esch Make? as securi~ ~ for the payment of all other liabilities of each Maker !0 3ank (including liabilities of each Maker and a~y other person); and Bank sha I r~ have the same rights as to such properry as it hes wifh respect to the Collateral. ~ If Bank deems itself insecure or upon the occurrence of any default hereunder Bank shell have the fweclosure and other remedies of a secured party under the Uniform Commercial Code, or ottmr applicable law and, w~thout limiting the ge~eral:ty of the foregoing, = Bank shail have the right, immediately and without further action by ir, to set off against this note all money owed by Bank in any cs- ` § pacity ro each or any Make?; a~d if such set off shall xcur, Bank shall be deemed to have exercised such right of set off and to have made a charge againsf any such money immediately upon the occurrerue of stxh default even though such charge is made or e~tered c on the books of Bank subsequent thereto. Unless the Collateral is pe.ishable o. threatens to decline speedily in value or is of a type ~ customarily sold on a recognized market, Bank will give Maker reasonable notice of the time and place of any public sele thereof or of ~ the time after which any pnvate sale w any other ~ntended disposition thereof is to be made. The reqvirement of reasonable notice shall be met if such notice is maiied, postage prepaid, to any Maker at the address given below or at any other address shown on the rec- ' o.ds of thr Bank, at least f~ve days before the t~me of the sale or d~sposirion. Upon disposition of any Collateral after the occurrence ~ of any defaulr hereunder, Maker shall be and remain liable for any deficiency; and Bank shall account to Maker for any surplvs, but _ Bank shall have the right to apply all or any part of such surplvs (or to hotd the same as a reserve egainst) any a~d all other Iiabilities ~ of each or any Maker to Bank. ~ No delay or omissior? on the part of Bank in exercising any right hereunder shall operate as a waiver of such right or of any other right under this note. Presentment, demand, protest, notice of dishono~, and exfension of time without notice are hereby waived by ; ~ each and every Obligor_ The Obligors, jointly and severatly, promise and agree to pay all costs of colledion and reasonable stto~neyi ~ fees (not less than 10% of rhe printipaf sum) incurred or paid by Bank in enfwcing this note upon the otcurrence of eny default. ~ Any notice to Maker shatl be sufficiently served for all pu?poses if left upon or placed in the mail, postaqe prepaid, addressed to the ~ p.em~ses at the address shown below or any ofher address shown o~ Bank's recwds. ~ Wherever this note is executed by a co-maker w endorser who is the wife of a maker w endorser, the said wife does hereby ex- press!y acknowtedqe the within debt as her jo;nr and individual debt. Each ker ackrww edges r ~ t of e completed copy of this Note on the above date. / _ , ~ 6`~~ liolic~ay H~~l Lane X : ~ Address:Q~'~i~3E~0~--F}Oi"ft~d------ Mt~"I"fair~-;~-~--~te~i----------~------------------------------- tse.n ; ~i • i e X vTOiA--~i Wa~~ --f - - -----~~a~ - ~ - r--- - ~ F ~s E" = v FAGE ~~~ti.-- .