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HomeMy WebLinkAbout0243 • ..l ~ ~e•~U1efU •INI uRNCY(tlV~ ~IJ ~.;.n~r~ercial ~tzaet~ Je~sen 8each, Fla. p~~. V 19 a~i'~~~E~~ LOCATION Loan T~rms Not~ No. D~t~d: a~?,b19 V~''i . Pr«eeds : . ~1XL~/---~GO~-•;~~^.l:1:h5 FINANCE i ......__._.~.f!_S_.6'3_... CHARGE after date the undersigned, here~na(ter called Maker, jointly and severally Documemary promise(s) for value rece~ved to pay to the order oi the Bank, at its oitice Samps as listed above the sum oi (total ot payments).__.._ Credit life (w lifs ' ) 1 fi ~ ~ ~ 1r~~~..JJI~~J ~~r~r ri~,~nc._re scv~n and 1(`(:- 6 oisabiliN) ins.i - Dollan Othe~ (ite?niZ~) . . ~ - with interott thereo~ sf ths rate of t! 1• ----.9fi per aonum all payable ~n . • s _ _.60._..---- monthly inatsllments of s.6f'.'.6.... each on tM 2t'.*t?_.... day of i each suecessive month commenci ~ ' np a? -.±_+3~_._x!f_......---• 19..?f~. , toflether with • BAItOON PAYMENT OF S--•---..---N..^.,:.__.---•-- Due 19 AMFINANCED ~ i_~~.0~ f ......_....L•r'--°-----__. A tine computed at the rate of s.05 per s1.00 0~ esch in:tal!men? in default iw ~~rately collected s period in excess of 10 days may be charged the Maker. No such fine shall exceed ~hsr ei SS.00. Mekor is rory~ired lo pay ell costs of totlection, incluelinq e r~aseH~nblo a11or- 9 emite) s nny ~(oe If ro(o~nxl for rollex Iicx~ e?r M~~nl ~x~x~•o~li~q~:. At) ~.nynN•nlt. wh~•11N•~ prin- . , cl~~el, interest w ulherwi~o, not rocofvw) whn~ duo ~Imll I~eer intrrnsl M 10'Ye per 3 snnum (rom duo date unlil peid. All payment~ made {'creundcr shall 6e credited ANNUAI PERCENTAGE RATEI first to inlero~f, then to Isw(ul chsr Q- yes t}?e~ accrued, end las~ ~o principal. If the loan is p~epaid in full, accefe?a~ed w re(inanced, tne Make~ shsll as of ~he date of such event receive such re(und of Ihe un. earned porHon of 1he tredil life ineurance premium end finance cherge and such olt~er cr~lit as may bs required by I~w or ~s mey bs netesssry to avoid usury, providad thet the Ndder mey re~ein e minimum finance charge of s25.00, whether w no1 olherwise earned, and except in the case of s refinancin9, no tinarxe charge or p~emium refund shall be msde if it smounts to less than s1.00. Retention of any minimum finarxe shall be in addition to service charge ~f a~y. Any ~anguape elsewhere herein fo 1he contr~ry holwithstandinp, neither Bank nor any holder hereof shall rtcelve w retain any charpe w i~terest nof sllowed by law. ~ As security fa ~he pe ment of this note ak r hss plodaec~ w de~os~ ed wirh.Ban tF~ i Ilowitp pr A 0.0769~ undivided ? interest in....~~rt~e :«ef Cm~~. r•~c~r~~.~:f :.n ~i.:c. vo~~C ~-~~g, r8qe'~~~1.~:Unit 1~Ieeks 23 and ; - ~ - T. a - ' ~ . • 7 9 . - : 24 in C~rni. ~..-~1 4~~rtm~3n~ A~~: ..-•....a.~ ~'~~cr..b~Pd---~n~ -,at~ i~td7ct~, a a: _ - - - - (including all cash, stock and other d~vidends and all righfs to subxribe for secu.iries incident to, declered w granted in connectia~ with s~ch property), wM~ich property, together-with all addit~ons end subst~tut~ons hereafier pledqed or depesited with Bank is cel~ed the Col- lateral. The Collateral is also piedged as securiry for ali other liabilities to Bank, (Frimary, secondsry, direct, contirqent, sole, joint a uverel), due or to become due or which may be hereafter conrracted w acq~ired, oi esch Maker (o~ of each Maker and any other per- son). The surrende. of this note, upon payment w otherwise, shail not aifecr the .ipht of Bsnk to retain ths Collater~l for svch othe~ liabilities. _ CREDIT IIFE AND CREDIT IIFE 6 DISABtIITY INSURANCE ARE VOIUNTARY AND NOT REpU1RED FOR CREOIT. Such insursncs coverege is eveilsbls st the cost desipns~ed below for the term of ~ha credit: (e) s for Credit li(e In- aure~}n (b) S---------------.---_.._----•-•-•----•-:-•------------------- for Credit l~fe 6 D~sability I~wrance: - Check APPI. p Credit lifs Insure~ce is desired on the life of BOX Birthdate • Q Credi? life 3 Disability Insvr~nte is desired on Birthdats ~j Credit Life and/or Disability Inwrance is not desired. . ~ats: _/•c,~=i ] _ 24, 197i, ~ ~ ~ ----------------------Bei~rl~i`~i"'SCeiTitse~cg Sipnature ..,_S._.~.c.r - S ~-'-~i - ' s~g?,~r~.~ ~;f, s..~L . . : - ` - Pcr~ c Stei nberg ' Additions to, reductions or ezchanges of, or substirutions for the tollateret, psy~MS on account ef fhis loan o~ increeses of the ; same, o? other loans ma~e pa?tially or wholly upon the Coltateral, may from time fa time be made without aifMing the provisions ' of this note. Bank shall exercise reasonable care in the c~stody and preservation of the Collete?al to the exlent r~quired by applitable ~ statute, and shall be deemed to have exercised reasonab:e care if it takes such ection for tha~ ~ purpose as Maker shall reasonebly request ` in writinq, but ~o omission to do any act ~ot req~ested by Maker shall be deemed e failure to exercix reasonable csre, and no omis- sion to comply with any request of Maker shall of itselF be deemed a failure to exercise reasonable care. Bank shall not be bound to ~ take any sfeps necessary to preserve any righis in fhe Collate.al against p.ior parties arv! Maker shall take all ~ecesssry steps for such ~ purposes. Bank or its nominee need not collect interest on w principal of any Collateral p give any nofice with respact to it. ~ If the Collaterel shall at any time become unsatisfadory to Bank, Maker shall within one day after demand pkdpe and deposit E with Bank as part of the Collaterai additional property wh~ch is satisfactory ro Bank. j If Bank deems itself insecure, or upon the happeni~g of any of ~he fotlowing events, esch of which shall consritute a defsult here- f under, all liabil~t~es of each Maker to Bank shall thereupo~ or the.eafte~, at the option of Bank, without notrce or demand, become d~e ~ and payeble: (a) the failure of any Obligor (which term shall mean and include each Maker, endorser, surety, and guarontor of this i note) to perform any agreement he?eunder, tQ pay interest hereon within ten days after it is due, or if there be no due date, after it ~ is billed or otherwiu requested or demanded. to pay any otne~ liability whatscever to Bank when due; (b) the death of any Obligor; ~ (c) ihe filing of any petition under ihe Bankruptcy Act, or any similar federal w state siatute, by o? against any Obligor; (d) an applice- • tion fw the appointment of a receiver fo~, the making of a general assignment for the benefit of creditors by, w fhe insolvency of an ~ Obligor; (e3 ~he entry of a judgement against any Obligor, (fj the issuing oi any attachment or garn~shment, o? 1he filing of any lien 5 against any property of any Obligor; (g) the taking of possession of any substam~al part of the proce<<Y af any Obligor at the ins~ance ~ of eny qovernmental authority; (i?) the disso~ut~on, merper, conso!idation, or reorganizetion of any Obliyor; (i) the assipnment by any ~ Meker of eny equiry in eny of 1hs Collste?al without th~ written consent of ~hs Bank. Esch Obligor hereby waives s~y requirement of notice or demsnd ?efledlnq such acceleration insofar ss such requiremen~ be in eddition to the mere exercise of any remedy efforded in this Note a the institution of wit by the then ho(der. ~ Bank shatl have, but shell not be limired to, the following riohts, each of which may be exercised at any time wfiether a not this ~ ,note is due: (i) to pledge or transfer this note and th. Collateral and Bank shatl thereupon be relieved of ell d~ties end responsibilities hereunder e~d relieved from any and all liability with respect to any Colla~e?al so pledyed or transferred, and any pledgee or trans- feree shall for a!I purposes stand in the plsce of Bank hereuntier end have all the rights of Bank hereunder; (iI) to transfer the whole ~ or any part of Ihe Collateral into the name of itself or its ~ominee; (iii) ro vote the Collareral; (iv) to r+otify the Obligors of any Col- n~ leteral to make payment to Bank of any amounts due or to becorree due the.eon; (v) to demand, sue for, collect, or make any compra ~ mise or seltlement it deems desirable wilh .eferen.ce to the Collateral; and (vi) to take conrrol of any proceeds of Collateral. y Benk is he~ehy given e lietn upon and a security intorest in atl property oi each Obligor now or et eny time hereafter in the pos- - session of Benk in eny r.ipncity ivhMSOOVOr, includinn but not Iimilyd to arty bafnn~e or st,erc of nny dc~sit, trust, or eqoncy eccount, ns the security (or Iho pnymont o( thi~ rMtn, nrxl a~imilnr lien upon .u~d :r..urity inle~esl i~ nll ~uch pro~,erly of voch Meker es seturity ~ fw Ihe payment of ell o~liar Iiebilfties of eoch Maker to Dank (incfuding Iiabililies of each Maker and sny o~her person); end Bank shall ~ have the same rights es to s~ch property as i1 has with respett to ~he Collateral. ~ If Bank deems itself insecure or opon Ihe occurrence of a~y default hereunder Bank shall have the fweclosure end o~her remedies ; of e secured party under the Un~form Commercial Code, o. other applicable law and, withovt Iimiting the generality of the foregoing, = Bank shal~ have tiie right, immediateiy and without further action by it, to set off against this note all mo~ey owed by Bank in any ca- ~ pacity to each or a~y Maker, and if such set off shall acur, Bank shall b!~ deemed to have exercised svch right of set off end to have made a charge against any such money immediately upon tne occurrence of such defavlt even though such cherge is made or entered ` on the books of Bank subsequent therero. Unless the Co(lateral is per7shabie or threatens to dectine specdily in value or is of a rype ~ customar~ly sold on a recognized market, Bank will give Maker reesonable notice of the time and place of any public sale thereof w of _c the time after which any private sale o~ any other intended dispos~tion tnereof is to be made. The reqviremen~ of reasonable notice shall - be met ~f svch notice is ma~led, postage prepaid, to any Maker at rhe address qiven below w at any o~her sddress shown on the rec- ords of the Benk, at least f~ve days be~ore the time of the sale or d~sposition. Upon disposition of any Collateral aiter the occurrence "a of any default hereunder, Maker shall be and remain {iable for a~y deficiene,~; and Bank shall accovnt to Maker fw aay surplus, but ' Bank shail have the right to apply all w any part of such surplus (or to hold the same as a reserve against) any end aIl other liabilities ~ o/ each or any Maker to Benk. No deley or omission on the part of Bank ~n exercising any right hereunder shall operate as a waiver of svch right or of any other r~ght under this note. V~esentment, demar~d, protest, notice of dishonor, and extension of time without ~otice are hereby waived by r~ each and every Obligor. The ObGqws, iointiy and severatly, prom~se a~d apree to pay el! costs of collection end reasonabte sttorneyi fees (not Iess than 10°,rs of the principal s~m) incurred or paid by Bank in enforcing this note ~pon the occu??erxs of sny defeult. r~ Any n.,l~ce ?o M~ker shell be suKicien~ty served 1or ~II pur~cp~ if Ivh u~on o? pln~rd in ~he meil, po~taqe prepeld, scldress~d ~o ti~e ~.r~ry~l~we r! Il~n w•I.~~nst •hnV~n hulnrl n~ wny :.Ilrn~ ~•{•{rnee .Irr.~;n ~r~ P~nV~ rnrnr.~a '•rl...~.. r~ drl~ 1• ...,...~d..l 1., r... ~~~.1~..~ w~~.l»~.~. 1~.. i. IL.. ~ ~1.. ..1 r~nrF.:~ ..1 ~%I/~INI~MI. IIIY ~Nt~ ~•tU~+ ~~u~ IIY14~~ aw ~ ~na.N~ w•1~i~., i...l.lu ~I~u v.~lliu~ .luld w Iwi ~u4~1 wu•) w.ln~.~url a~..l.t , eN t~.h ~~1 Ms~ui ~kiwwlu~lVua ~n.uy,l of •~urnNlnind cupy of Ih~a Nc~le c~~ Ihu •bov~ d~1e. . Addr~~~~ fiy~I?. W. s I5t 5t]Ceet : ' ~ . . ' ~ _ - ' f•~- • . ~ . . . . . . . azd tn nb - ( ~ . Y,Prn Q t~ ~ er.~ . ` s.. - ~ i::~~, r).^. 33155 X ~ r r~ ~ ~ • ~3 I u~ 2j~~ 1 AGL ~ if~/ 1 ~ . r 1.~ 11) ~ n~ r~ ' ~'.w.~1) ~ f~.~ ~ , - ~ ~ - - . . _ - . y:~