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Home My WebLink About0711 _ ~ u.~ i+~~n~~ (Securad and Uns~cw~~l) ~.0 Co?runercial St. ,,~7ensen Beach. Florida p~o; May 16 _ 19 f31_ t_A1Q7.LQ_ LOCAT ION Not~ No. Datsd: '~_y 15 , 19 76 loan Te~ms: Proceedf i ---3s22.2~.9Q.._._.. FINANGE ggs ~ (~p - -...~~ty.._(_6Q) ..MOnths-~~- - ~ i - CHARGE . a(ter cf.ite the undersigned, here~natter called Maker, ~o~ntiy and severally Ooc~maMary = prom~se(s) for value rece~ved to pay to the order oi the Bank, at its oiflce Stamps as i~sted above the sum ot (total ot payments) Credit Lifa (or Life ~ FOiIR '1'FiOU~ID_O.I`~F_ _HU~II~iEI2..SE~'VF.LV_.A.1TD...60%10QQ.----_._.__.__------ d. Disability) In:.i ; Dollars 4thsr (itemize) _"""""'_'~""'._~._.."""..._._ES?w.~aw_~ ww.ww~_~~~~~~~~~~~~~~~~i~-- ! with interest ~hereon et the raro of 10.QQ.... _..._96 per ennum, all payable in _ ._6Q.....--- monthly installments of each on the =68. 46 - (o~.``~ day of each succossivo momh commencing on `~~i6 19 76 , fope~her with s D/1ll()ON PAYMCNT Of = j~JpnL Duo • ~ ~q AMOUNT ' FINANCED s _ 3 22~~00~ ~ A(ino compweci e~ the rate of =.OS per 51.00 on eaci~ instal~ment in dr.(ault (or ~~rotely collected ~ a period in excess of 10 days may be charged the Make~. No svch _fine shall exceed char es ~t 55.00. Maker is req~i~ed to pay all costs of collec~ion, incl~d~nq a reasonable attor- o emizc) s ney's fee if referred (or collection o? legal procredings. All payments, whethe. prin- ~ c~pal, interest w otherwise, not received when due shall bear imeres~ at 10°o per i.'_. annum from due date ~ntil paid. All paymenls msde hereunder shell be credited ANNUAL PERCENTAGE RATE _10_ _ yr, first 1o interest, theo to lawfvl char9es then sccrued, and last to prir?cipaL If Ihe loan is prepaid in full, accelerated or retinanced, ~he Maker shall as of the date of s h event receive such re(und of the un- ea~~ed portion of the credit IiFe insurance premium and fina~ce charfle and such other credit a~may be required by law o~ as may be necessary to evoid usury, ~xovidec! that Iho Holder may reta~n a mi mmum Gnan~e ci~arqe o( 525.00, wlielher or not otherwii~ earned, ent/ excopt in Iho case of a roGnanting, ~o financc th~rge or prcmium refu~d shall Le maJc if it amounls to less Ihan s1.00. Retenhon of any m~nimum finance shall be in addihorti tp srrv~cc u~aiye if eny. Any language elsewhero he~cin fo ihe tontrary notwithslandinq, neither Bank nor any holder hereof shall receive or re~ain any char9e or interest not allowed by Iaw. As xcuriry for the payment of ~his note AAaker has pledged or deposited with Bank the following prope~ty~_. ~.0769%__ undivided ~~-.terest in.. Turtle Reef Cond. 1, rcorded in O.R. Book 250~ Page__2931.. Unit Weeks 26 and 31 - - - - - in Cond._. C-12, A~t. No. G12.. -~.s_ described -i a d-mort a e n~ l Qct _ . - - (including aIl cas stock and othe. dividends and all righ~s to subscribc for secur~hei ~rtt~crent to, declared or granted in connecnon with such property), which property, together with ali addirions and substilutions hereaitor pledged or deposieed wi?h Bank is called the Col- lateral. The Collaterel is also pledged as secvnty for ali ot?~er liauiliiies to Bank, (primary, seconda?y, direct, contirx~ent, sole, joint or several), due a to become due or which may bo hereaf~e? contracted or ncquired, of each Maker (or o( each Maker and any other per- son). The surrender of this note, ~pon peyment or ofhe~wise, shall not af(ect the right o( Benk to retain the Collateral fa s~ch other I~abilities. CREDIT IIFE AND CREDIT IIFE L~ DISABItITY INSURANCE ARE VOIUNTARY AND hOi REQUIRED FOR CREOIT. Suth ins~rante coverage is avaiiabie at the cost desiqnated 'oelow for the term of the credit: (a) S (or C~edit life In• surance (bl S-------------•. . for Credir life ~ D~sabiGty Insurance: Check Appl. Q Cred~t life Insuiance is desired on the life of Box - - - Birthdate p Cred~t life b Disabiliy Insunnce is des~red on Birthdate : - - - • S Credit Life and/or Disability Insurance is not desired. . ~ ; , • . . • Ma~ 1 ~ -t / ; ^ , Oate: - -Sa_ 9-7~---- SignaturX:. David P. D l~miCOl . . . . sgnatureX_ .:i_._~. _ Alice F. D' Amicol Additions to, reductions or exchanges of, or substirutions fo? the Collateral, payments on account of this loan or increases of the same, or other loans made partially or wholly upon the Colfaterai, may frrxn time to time be made without a~(ecti24 the provisions of this note. Bank shal{ exercise reasonable care in t'ne custody and preservation of the Collaterat to the extent require~ by applicable statute, and shall be deemed to have exercised reasonab:e care if ~t ~akes such action for that purpose as Maker shatl reasonably request , in writing, but no omission to db any act not requesred by Make. shalt be deemed a failure to exeruse reasonable care, and no omis- sion to comply with any request of Maker shall of itseif be deemed a failure to exercise reasonable care. Bank shalt not be bound to take any steps necessary to preserve any rights in the Collateral against prior parties and Maker shall fake all necessary steps for such ~ purposes. Bank or its nominee need nor colied interest o~ or principal of any Collareral or give any notice with resped to it. ~ If the Collateral shall at any time become u~sarisfacto.y to Bank, Maker shail within one day after demand pted9e and deposit I with Bank as part of tne Collateref addirional property which is satisfac;ory to Bank. ' If Bank deems itself insecure, or upon the happening of any of the following events, each of which shall constitute a de(ault here- under, al! liabiiities of each Make• to Bank shall thereupon or thereaFter, ar the option of Bank, without not~ce or demand, become due f and payabte~ (a) the (ai{ure of any Obligor (which term shall mean and include each Maker, endorser, surety, and guarantor of tliis note) to perform eny agreeme~t hereunder, to pay interest hereon within ten days after it is due, or if there be no due date, after it ~ is biiled or otherwise requested or demanded, to pay any other Iiab~f~ty whatscever to Bank when due; (b) the death of any Obligor; (c) the filing of any petition under the Bank?uptcy Act, or any simila~ federal or state statute, by or against any Obligor; (d) an applica- ; tion for the appointment of a receiver for, the mak~ng of a general assignment for the benefit of cred~tors by, or the insolvency of any Ob!igor; (e) the entry of a judgement aga~nst any Ob•.igo-; the issuing of any attachment or garnishment, or the fil~ng of any lien, i against a~y property of any Obligor; (g) the taking of possession of any substantial part of the property of any Obligor at the instance of any governmenra~ authority; (h) the d~ssolution, merger, consolioar~on, or reorganitarion of any Obl~gor; (i) the assignment by any ~ Maker of any equity in any of the Collateral w+thout the writren consent of tne Bank. Each Obligor hereby waives any requirement of ~ notice or demand refiecring s~ch acceleratio~ insofar as such requirement be in eddition to the mere exercise of any remedy aiforded in this Note or the institution of suir by thc tiien holder. ~ Bank shall have, but shall not be timited to, the ~o~~ow~ng riahts, each of which may be exercised at any time whether or not thiz .note is due: (i) to p~edge w transFer this note and the Coiiatcra~ and Bank snall thereupon be relieved of all duties and responsib;lities hereunder and relieved from any and ell ~iability with respect to any Col{ateral so ptedged or transferred, and any piedqee or trans- feree shall for atl purposes stand i~ the pface of Bank hereunder and have all the rights of Ba herevnder; (ii) to tra~sfer the whole ~ or any part of the Collateral into the ~ame of itself or its nominee; (~iiy fo vote tne Collateral; (~iv) to ~otify the Obligors of any Col- ~ lateral to make payment to Bank of any amounts due or to become due thereo~; (v) to demand, sue for, collect, or make any compro- f mise or settiement it deems desirable with reference to the Collatera{; and {vi) to take control of any proceeds of Collateral. g Bank is hereby given a lien upon and a security interest in a!I property of each Obli9or now or a? any time hereafter in the pos- session of Bank in any capacity whatsoeier, including but not limited to any balance o? share of any deposit, tr~st, or agency account, ~ es the securiry for rhe payment of this note, and a simitar iien upon and security interest in atl such property of each Maker as security r for the payment of all other liabilities of each Maker to Bank (including liabilities of each Maker and any other person); and Bank shall ~ have the same .ights as to svch property as ~t has with respect to the CollateraL ~ If Bank deems itself insecure or upw~ the occurrence of any default hereunder Bank shall have the foreclosure and other remedies _ of a secured party ~nder the Uniform Comme.ual Code, or other appiicable taw and, without limiting tne generality of the foregoing, ' Bank shali have the right, immedia~ely and withouf fur~i,er aUion by it, to set off against this note ati money owed by Bank in any ca- ; pauty to each or any Maker; and if such set off shall acur, Bank shaH be deemed to have exercised such right of set off and to have made a charge aga~nst any such money immed~ately upon the occurrence of such defauM even thougn such charge is made or e~tered on the books of Bank subsequent thereto. Unfess the Collateral is perishable or threatens to dedi~e speedily in value or is of a type ~ customari~y so~d on a recognized market, Bank wi~l give Maker reasonable notice of the time a~d place of any public sale thereof or bf - the time after which any private sa~e or any other intended disposition thereof is to be made. The requirement of reasonabie notice shall bt met if such notice is mailed, postage prepaid, to-any Maker at the address given below or at any otner address shown on the rec- ~ ords of the Bank, at least f~ve days before the time of the sale or d~spos~t~an. Upon d~spos~tion of any Collaterai afrer ~he «cvrrence ~ of any default hereunder, Maker shall be and remain liable for any deficiency; and Bank shall account to Maker for any surplus, but ~ Bank shall nave the right to apply all or any parf of such surplus (or to hotd the same as a reurve against) any and a(I other iiabil~ties ~ of eacn or any Maker to Bank. No delay or omission o~ the part of Bank in exercising any right hereunder shall operate as a waiver of such right or of any orher ; r~ght under this note. Presentment, demand, protest, notice of dishonor, and extension qf time without notice are hereby waived by ~ eacn and every Obligor. The Obligors, jointiy and seve~afly, prom~se and agree to pay all costs of coltection end reasonable a~torneyi ~ Iees (not less than 10% of the principa! sum) incurred or paid by Sank in enforcing this note upon the occurrence of eny default. Any not~ce to Maker shail be suff~uently served for all purposes iF left upon w placed in ihe mail, postaqe prepaid, sddressed to the premises at the address shown below or eny other address shown on Bank's retords. ~ Yrhereve? this note is execufed by a co-maker or endorser who is the wife of • maker or endorse~, the said wife does hereby ex- ~ pressty acknowledye the wfthin debt as her jant and individuel debt. ~ Each of Maker acknowledqes receipt of a comp{eted copy of this Note on the above dsts. , ~ -~~,~~:1~„ ' ' Addross:.128._.PeuCO.Ck..Dt..•---------.____._-•----- - J..,. r..~ / • . !~__~:<<~____~.---•------------ t5saq ~ - - - ~ Altamor?te, ~'14~+i3• ..•-1 David P. D' Amicol f ~ . . . -i~kE~E.. ~ _ . . % . ~l !~~„h ~ _ Ai ic•~~ I•', 1)'I~i~i1~'~~I _ ~ _ e ~ . . - ,