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
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Dollan Othe~ (ite?niZ~) .
. ~
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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 ;
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24 in C~rni. ~..-~1 4~~rtm~3n~ A~~: ..-•....a.~ ~'~~cr..b~Pd---~n~ -,at~ i~td7ct~, a a: _
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(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
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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•~- • .
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