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Home My WebLink About0685 • N1110CU~a u~ Dw: . 19 S -4,10?.G0 OCATION loan Termi: Not~ No. Dated; _b3,y 15 . 19 -?f-- P~«ecds t......3.~222.OQ.... FINANCE 885. i --S1Xty ---(GO~ MOritY16.. . . - . CHARGE aftcr date the urtders~gned, here~nalter called Make?, ~o~nUy and severally Documenlary = promise(s) tor value ~eceived to pay to 1he order ot the Bank, at its oftlce S~amps as ~isted above the sum of (totat of payments)_,___...._...._._...__.... C~edit lifo (or life 3 ~isability) In:.i ~.z~ovs~va._avE..~_sEV~_.~vn__6%ioo-.----_.. Dollars D~her (itemize) - - with interost thereon at the ~e~e of . pa abio ~n per ennum. all y - moothiy instalimenb o( S. -lo• oo . . each on ~he ~ ( 1 ~ dey of i . . . ---60 68.46 s . exh successive rnonth commer?cing o~ . J~.~~ 19 f(~ . togother with a BAILOON PAYMENT OF S.._.. p~e • 19 AMOUNT riOYle • FINANCED i .._..._.~~~ZZ...OQ__.. A(ine computed st the rate of =.05 per 51.00 0~ each instal!ment in default 4or ~~~ately collected a period in excess oi 10 days may be charged the Maker. No such fine shall exceed ~~~oes (ilemiie) 55.00. Maker is ~equired to pey all costs of collection, incl~ding a ~easonable atto~- ney's fee if refer~ed fo~ collection or Iepal proceedinys. All paymen~s. whethe~ prin• s.• cipal, iNerest or otherwise, not received when due shall k,ear inre~es~ a~ 109e per : . ennum irom due date ~ntil paid. All payments mado hereuncier shatl be cred~ted ANNUAI PERCENTAGE RATE 1~ ~ first to interest, then 10 lawful charges then accrued, and last ~o p.inupal- If the loan is prepaid in (ull, accalerated o? refinanced, the Maker shall as of the date of such event receive such refund of tix un- ea~ned portion of the credit tife insurance premium and finance charge and svch other credi~ as may be required by Isw or as may be necessary to avoid ~sury, provided that the Holder may retain a mi~imum finance charge of s25.00, whqther w not othervvise earned, and excepl in tMe case of a refinancing, no finance charge o. premium refund shall be made if it amounts to less than t1.00. Retention ' of any minimum (inance shall be in addition to service charge ii any. Any language elsewhere herein to the co~trsry notwithstanding, neither Bank nor any holder hereof shall receive or retain any charge or interest no1 allowed by law. ? As security,(or the payment of this noro Maker has pled9ed or depositcd w~th Ba~k the following p.operty: A ~.07G9 ~ L111G~1V1C~~ : . interest in ...~.irtle Reef Cond. I, recorded in O.R. Iiook 250, Page 2931... _Unit Weeks - - - - - - . . - - -28--aiid--29- iri ~Cond.~..C-3,~-Apt.--I3o. C-3. . . .as~ clescribed~ in ~said m4rt~gage. ` . - - _ - . . . - . . . - - - - - . _ - - ~ - - - (inc~ud~ng all cash, stock and otne. d~vidends and all r;ghts to subsc.ibe for securities inciden~ to, declared or granted ~n connection with such property), which property, toqethar w~th alf add~tio~s and substitunons hereafter pledged or depos~ted with Bank is called the Col- laterai. The Coltateral is elso pledged as stturiry for all other tiabilities to Bank, (primary, secondary, d~rec~, com~ngent, so1e, ~oint w several), due or to become due or which may be herea(ter contracted or ecquired, of each Maker (or of each Maker and any other per- son~. The surrender of thia note, upon payment o~ otherwiie, shall no1 affect the right of Bank to retain the Co~laterat for such uther tiabilities. CRE~IT LIFE ANU CREDIT IIFE b DISABIIITY INSURANCE ARE VOIUNTARY AhD NOT REQUIRE~ fOR CRE~IT. Such i~surance coverage is availsbte at tne cost desiynated below for the teim of tne c~edit: (a) S.....__ for Credit lifa In- ~ surance (b) S--_----------_-__•--.--•,-.._____---------------------------.- - for Credit life 6 Disability Insu.ance: ' CFieck Appl. Q Credit life Insurance is desired on the life of ; Box - . 8irtndate - Q Credit Life 6 O~sability Insurance is des~red on Birthdate - Credit Life and/w Uisability Insurance is not desirp , - - - - - - - ~ ~_t~- ChaY'les F. Barne oaro: ___May_ 15~_._ 1976_----- sy~atu~e X-------~ / Y Signature X----_ 1;, ,..~c: G.:.~.: `L/~~'L-~ /c•~ _Eileen A. BdrI1G'y Additions to, ~edudions or exchanges of, o~ substit~tions fo? the Collareral, paymeMS e~ accou~t of this ~oan or increases of the snme. o~ othcr loa~s mad~ pnr~ially or vvholly ul~ tho Cnliatorol, may from time to ~imo ~ m,ido w~thouf e(frUi.u~ thn p~ovitiions 01 ihis notc. Oan/: shel~ cxorcisc rca~onnble tnrc in Ihc [u:t~ly .inrl ~rm:•~rv.~hon of tl~~ Collntrrnl to Ilro rx~r~il mryuin•d by n~q~liteblc statute, and shell be Jeemed fo have e~ercised reasonab~e tare if it takes such acfion for Ihat purpose as Mal~er shall reasonably request in writing, but no omission to do any aU not requested by Maker shatl be deemed a fa~lure to exercise reasonable care, end no omis- sion to comply with any requesr oi Maker shall of itself be deemed a fa~lure to exercise reasonabte care. Bank snai! not be bound to ' fake any steps necessary fo preserve any rights i~ the Collateral against prior parties and Maker shall take all neceswry steps fw such purposes. Bank or its nominee need not collect interesf on or principal of any Collateral or give any notice with respect to if. ~ If fhe ~ollate~al shall at any time become ~nsatisfactory to Bank, Maker shail withio one day a(ter demand pledge and deposit ~ with Bank as parf of the Coltateral additional property which is satisfactory to Bank. f If Bank deems itself insecure, or upo~ the happepmg of any of ~he following events, each of which shall cons+~wte a defauU here- under, a~~ liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, without no~ice or dema~d, become due and payable: (a) fhe failure of any Obli.gor (which term shall mean and in~lude each Maker, endwser, surety, and guarantor of this note) to perform any agreemert hereunder, to pay interest nereon witnin ten days after ~t is due, or if tnere be no due date, after it ~ is bitted or otherwise requested or demanded, to pay any otF.er I~a6il~ty whatscever to Bank when due; (b) the dea?h of any Obligor; ~ (c) the filing of any petition under fhe Bankruptcy Act, or any similar federai or state statute, by or against any Obligor; (d} an applica- ; tion fw the appointment of a receiver for, the making of a general assignment for the benefi~ of creditors by, or the insolvencY of any ~ Obl~gor; (e) the entry of a judgement against any Obligor; (f) tne issuing of any attachment or garnishment, or the filing of any lien, ~ against any property of any Obligor; (g) the taking of possessio~ of any svbstantial part of the property o~ any Obligor at the instante ~ of any governmen~al authority; (h) the disso~ution, merger, co~solidation, or reorganization of any Obligor; (ij the assignment 6y any Make? of any equity in eny of the Colletera! witnout tne written consent of ~he 8ank. -Each Obligor hereby waives eny requ+rement of ~ notice or demand refleding such scceierat~on insofar as such requirement be in addition to the mere exercise of any remedy aftorded in ~ this Note or the institution of su~t by the ihen holder. Bank shatl have, but shall not b6 limited to, the following riohts, each of whicFi may be exerused at any time whether or ~ot this note is due: (i) to ptedge or transfer this note and the Co!laterat and Bank shali thereupon be reiieved of aIl duties and responsibelities a hereunder and relieved from any and all liabil~fy with respect to any Coliateral so p:edged or transferred, and any pledgee or trans- ~ feree shalt for all purposes stand in the plxe of Bank hereunder and 'nave all tha r~gnts of Bank hereunder, (ii) to transfer the whole or a~y part of the .Collateral into the name of itself or ~ts nom~nee; (iii) to vote tne Collateral; (iv) to notify ti,e Obligors of any Col- lateral to make payment to Bank of any amounts due or to becom~ due thereo~; (v) to demand, sue for, collect, or make a~y compro- ~ m~sc or utN~~mc~f it decros dcsirabl~ wilh refcrcnce to ti~e ('oll•~teral; and (vi) to takc control o~ any procecds of Collaferat. ~ (Sank is hrreby fliven a li~n upon arul e 5ecunl/ i~U~re,t ~n al! propcrly of ench Obli~~or now or at ony timc herca(icr in tnc pos- ~ session o( Bank in any capatity whatsoover, including but not limited to any balence or shere of any deposit, tr~~t, or agency account, ~ as the security for thc paymeM of this note, and e sim~lar lien upon and security interest in ell su[h property of each ~llaker as security ~ fw the payment of all ott,er tiabiliries of exh Maker to 8ank (including liaoilit~es of eaci+ Maker and any other perso~); and Bank shall have the same rights as to such ~roperty as ii has with respect to the Coilateral. If Bank daems itself insecure or upon the occ~rrence of any defau~t i,ereunder Bank shall have the foreclosure and o~her remedies ~ o/ n s~curcd parfy und~? ti~e Uniiorm Comm~rcial Cocic, or othcr a~,piitnbl~ !aw end. wilhouf limitinq thn q~ncrality of tin• fo~~~yoing. ' (1.~nL :i~nll hav~~ li~~ titl{~~. invn.•diafnly nnd willinut fu~lh~v rotinn hy it, ~u •~d ~~fl a~lain•.t thi•. rn~I~• nll nunury ~~wnrl hy P.,u~ ~n nny tn~ ~~.udy lo en~h ut nny /d.~`rr; nnd i1 ~uch s.el ~~It sl~nU tx~ur, b.u~A th~~l! fHr .1.•r•m~nl 1~. I~ev~, rx~•~~r..~~l •~inh rn~ht n( •.~•1 n11 ,+n~l It~ IinvP - mede a charge n(~a~nSt any such rnonr.y immr.d+ately u~;n tl~e cictutre~KC o) •.ueh d.r(oult ~wrn Ihouqh such ~I~arya ~s n~.iJe o~ ent~red = on the books of Bank subsequent thcreto Unfess the ~ollatcrol ~s pe~ isi:ablc or ~i~rcafens to deciinc s~xed~ly in value or is of a typc ? c~stomariiy sold on a recognized market, Bank will g~ve Maker reasonable not~ce of the time and place of any public sate thereof or of ~ the time after which any private sa~e or any other intended disposition thereof is to be made. The requirement of reasonabfe not~ce shali be met if such notice is maiied, postage p+epa~d, ?o any Maker a? the address given below or at any other address shown on tne rec- t ords of the Brnk, at least five days before the t~me of tne sa~e or disposit~on. Upon d~sposition of any Collaterat after the occurrence ~ of any default hereunder. Maker shall be end ~ema~n l~able for any defiuency; and Bank shall accounr to Maker for any surpius. bvt Bank shall have the right to apply all or any parf of such surplus (or to hold the same as a reserve aga~~s?) any and all other liabilities r of each or any Maker to Bank. ~ No delay or omission on the part of Bank in exerus~ng any right hereunde? shalf operate as a waiver of such right or of any other ~ ri9ht undcr this note. Presentment, demand, protest, notice of dishonor, and exrensio~ of time without rtotice are hereby wa:ved by each and eve.y Obliqor. The Obl~gors, jointly and severally, promise and agree ~o pay all costs of collection and reasonable attorneyi ~ fees (not less than 10% of the prirxipal sum) incurred or paid by Bank ~n enforcing this ~ote upon the occurrence of any defa~lT. ~ Any notice to Maker shafl be su~ficieMly served for all purposes if left upon or placed in the mail, postaye prepe~d, addressed ro the ~ premises at the address shown be:ow or eny other address snown o~ Bank's records. ~ Wherever ~his no?e is execu~ed by s co•makor or enclorsc~ who ~s tho wife of a maker or e~dorser, the ssid wife does ixreby ex- ~ pressly acknowtadge 1he w~~hin dobt ss he? loint end ind~vid~el debt. ~ Each of Maker acknowledgef receipt of s compteted copy of this Note on .Ihe bove dete, ~ / ~ ; Addr~ss: _.__._S~IIO...SW__14t11--S#,.-a--P1,c3Ilt.ZtiOt1~ FL .-----------._L.L ~-_-.'-~~.C z._ ~ ._{/_~x:.?-,_---~.___ (se~q ~ ' f'~.t FACf ~ r,Ch~-~rles F. BarnGy ~ . . . . .I.:.C ~/~4 ~ l//~ ~'Jf4-~~! f/". ~~A11~ ~ - . ; 1~;i1~v•n A. ltirnc~( .,J ~ i r . _ ~ ~ ~ a~, , . - _ . _ ,