HomeMy WebLinkAbout0742 - • - INSTAiIMENT NOTE
- . ` ^ (S~cured ~nd Un~~cured)
Not~ No. 24-28fi2-8 Dated: •T111.~~_ . 19 ~~L qu~: 111L~c2~-~ 14 _$Q_ S~u'4..~~L____ _
lwn T~rm~: .
procced~ ~ S .$i.Q~Q...~Q..._..
4I
g~...__.._~T...~~Y..F.rICxHT...IkLQNTHS FINANCE s..~ 799~.~s.~?_._._
aft~r datt the u~dersiqned, hereinafte? called Maker, iointly and severally GHARGE
p~orr~is~s) for value rece+ved to psy to ~he o~der of firat Nationd 6sn1t of docum~ntary 3......._...~.r.-~.~,3Q
forf ~ia*e~ hereinafrer celled Bank, at its office at For1 Pi~?ce, Florida the sum Sramps 4$ MOS, oII ~1 , ~~0.
of poral of payments) TEl~T-THOUSAND~ OI~I~-HUNDREII Credi~ uis (or life 300 00
_._F~_IIRTEEI~[..DQLI.~BS..AND.-----.--56/_100=_,•_*~...~_~.---••- a Oisability~ las•t
pollars ~ther (itemite) A t
.~~~~~~~~~~...~~~~~~.~~r 7'f• Zv
_
. ~ terest s 1~
with inter~st fh~~wn ~t fM ?at~ Of ._9~.95 ..'16 per annum, all payabte redit Invest i... _._.._25a.Q0
__._4~___• mon~hly ~ns~,~irt+.nn or t_21.0..~2.._. each on the ..~_~t~l._ day of None ~
s
sach suac~u~~e month co+nm«+dn9 a+ Aug.--.2~_..._._ 19.?.(j-... tope~he~ wi~h AMOUNT
• eAU00N PAYMENT OF i.~T.0A6.-------•--,-- Due -•--•-11~~~.------_. 19 pINANCED i.8,. 3_~ 5... 30_M_
A fiM computed st ths .a» of 5.05 per il •00 on each insisi!ment in defaul~ for ~~~~tely collacted ;
~ p~riod in exc~u of 10 days m~y be charged th~ Maker. No s~ch fine shall exceed ~ ~ ~~Q+~n) 14 ~0
j5.00. MskN is requi?ed to pay all costs oi collection. includin9 a rcasonable sttor- Rg $g~~~ s---....._ a...
.
neys fs~ if nfNred for oollection or 1e9a1 proceedin9s• AI~ paYrr~^ts, whether prin- Int. Tax i..._._-..-.Z~._~s~___.
cipal, inMr~sf w otherwis~, not received when dw ahall bear inte.est at 1096 pe~
uu+um from dw d~t~ until paid All paymenb mede hs~eunder :hall be uedited ANNUAL PERCENTAGE RATE 9~~f.
fint to interest, then to (awful cha~ss then acnved, snd last to principal.
1f th~ (wn is prepaid in fu11, ~cce~era~ed a refinsnced, the Maker shail as oF ~he dare of such event rece~ve such .ei~nd of tM un-
earned portion oi th~ credil lif~ insu.ance premium and finance charge and such orher cred~~ as may be reqv~red by Isw or as m~y b~
necessary fo svoid usury, provided that the Holder may retain a mi~umum finance charqe of 525.00, whather or net olhervvise earned,
and extept i~ the ces~ ol a refinantinp, no finance charge or premium rof~nd ahsll be m~de if it emounN ro less then 51.00• Ret~ntion
of any minimum finance shall be in addition to serv~te charge if any. Any largusye elsewhere herein to the contrary nWwithstandinp,
neither Bank nor sny holde~ Mteof shall reteiv~ or ~etain any charge a interest rwl altowed by Isw.
As stcurity for the p~ymN+t of this note Maker has pledged or deposited with Bank the followiny p.op~rty: IaQ~.2.~.}_~~.Q~~C 4i
. $el Aire Es~~t~s._as geY_.}~ ~t thes-e.o~-s~s-Qrded---in.--Pl,a-t~n,nk-14,.._~.~P
-~1 nf ~h~P~lic -
Records_of_St, Luctie County,,_Fla,._and 19?1__~omet jviqbi~e._~orr~~...~~F~Q.~~4
(ie+cludi~g ~ll ush, stock ar?dJothe~ d'+vide.,ds snd ~11 ngfits to aubxribe for securities incident to, dec{ared w granted in conn~dion with _
s~ prop~rly), which propertY, toyerher with all additions and substitutions hereafter ptedged w deposited with Bank is ullsd tM Col-
lst~ral. TM Co1lst~r~1 is also pledgad ss security for a11 other tiabiliries to 8a~k, (primary, secondary, direct, continy~nt, sole, joint o~ .
sewral), du~ o? ro becom~ due or which may br hereafter contracted or acqoired, of each Maker (or of esch M~ker and ~ny other p~r•
" aon), Thr surrender of ~his rwt~, upon psyn+em a arherw~s., shall not aifect the ri~ht of Bank to retain ths Cdlataral for such otMr ; -
. (iabiliti~s. : . • - .
CREDIT UFE AND CREOIT UfE d~ DISABIUTY INSURAPlGE ARE VOLUNTARY AJ;tQ ,[~1OT R~I~t Eq~t REDIT. S~xh tnsvance ~
cawra~ is sv~~l~ at th~ coss dea?ynsted bs{ow for ths ~e?m of tfie credit: S3.1?_1l..Q~i~.J..lt~ ~t.ll.lL_~QY or Cr~dit 4~f~ IM -
- ~ - wr~ ro) s ~pp,~ - _ for G~dit Lifs 3 Disability Insurance: ZYIOIltIIB. _ ~ - " - : -
Y- - • ~ pPP~•- . ~ ~ndit life Insurant~ is desired oA th~ life of ,r_ _~~~QSl~~._~~4..1~C ` • ~ _ - . ~ " _ ; ' _ .
: _ . _ _ ea` . _ - . ~ B~rthdaee 10-1=23 • - . . _ _ _ '
- - ' _ . - - - - - _ _ .
_ _ . _ "y :Q -C~~t lib 6 Disabilify Inswance is desircd on - - - - -
j_ ~ _ ~ . - _ _ - - - - &rthdst~ . _ _ _ - _ - ~ -
_ ` _ ~'Cndit lih and/w D'nability Insursnae is not desired. ~ - - - - ^ _ _ .
: - . paMr 1u~~a~e~ 1976 Si9naturo _]t~~~.> ~.s • - _ ~ ~
_ . " ~ ~natun . ~ _
- ~ Additiw~s to, rcduc?ions w eYCF~an9es of, a svbstitutions fw th~ Co~latenl, paymsn~s o~ axount of this tou+ or i~crsasa~ d th~
~ sane, or o!har {wns :nad~ parrta!:y or wfiolty vpa+ the ~~11~teral, msy fro+n tims ro t~me b. mede witha,t •ffecrlny rhe provisfons
of this no~t. B+nk shall exsrcis~ rossonable care in the custody and preservation of the Collateral to the extent required by applicsble
- st~tut~, ~nd shafl be deemed ro have exercised roasonable care if it tskes such action for that purpose es Mske~ shall reasonably roqwst
~ in writirg, but no omisaion to do any act not requested by Maker shall be dsemed a failure to exercise reasonable ure. ae~d ~o omis-
- iw~ to comply wiM any requast of Maker shall of itself be deemed a failurs to exercise reasonable care. Bank shall not b~ bovnd to
' take any steps e~ecesssrY to p~eserve any nghts in the Collateral against priw parties and Maker shall take sN necesssry steps for sutf+
p~rpqs~s. Bank a its nomince need not cdlect interest on o~ principsl of any Collsteral w give ~ny notice with ~esp~ct to it.
' ~ If th~ Collateral sMll ~t any lime becoms u++satisfactory to Bank. Maker shaN within one day sAer demsnd piedpe and d~po~it .
_ - with B~r?k n pa~t of the Collat~ral additional property wli~ch is sstisfactory to Bank. -
if 8ank d~ims itstlf inseturo, or upon the hspp~nirrg of aMr of tF+~ followirg events, e~ch of which shall corofitvt~ s d~fault h~r~-
I~ . undar, aIl liabiiiti~s of ~~d+ Msker ro Bank shall the~e~pon w theresftsr, a~ the opt]on of Bank, without ~otioe or demand, b~me+~ dw
and payable: the failuro of any ObliQw (which term shall mean and irxlvde esch Maker, endwser, s~rety, and ~wr~mor of this
; no~) to pKform any e~re~ment here~nder, to pty interest hereon withi~ ta~ days after it is due, or if ttwrs be no dus dsh. ~f1~r it
j is billd w ofMrwiss r~qvest~d or dema~ded, to pay .u+y other liability whatsoever to Bank when due; (b) tM death of ~ny Obliqorj
k (t) tM ~ilinq of sny p~titiort undet the Bartkruptcy Ad, or any simitsr federa{ or state ststute, by orap sinst any Obliqor: ~n aPP1?u-
; ~ - tion for th~ appointment of a naeiver for, the meking of a~e~!e~~1 assiqnment for the benefit of vedit«s by, w the imdwncy of a~y
€ ` - Obli9or, th~ antry of ~ j t pa;rnt sny Ob{~gw: (f) tM issuinq of any attachment ot gsrnishmen?, o~ the ~1'u~y of M+y liM~,
~ ~y ait?st ~ny prope~ty of u?y liqor; (y) th~ takiny of posseuion of sny s~bstantial pa~t of the p?operty of any ObliQor at ths i~+stanos
~ y pf any yowr~meMe! avthority:(h
) tfie diswfution, meryar, consolidstion. or rew9anizarion of any Obligor: tl+~ ~ss~prxn~nf by ainy
S - Maket cf arry puity in arey of the Colltleral withov~ ti+~ written consent of the Bank. Each Obligor hereby w~ives any requiren+ent of
~ _ nptiq pr tiemsnd rofleuiny such aaelerotion insofar as suth requiremenr be in addirion to the me.e exerciss of any rert~edy afforded in
this Nof~ a th~ institutian of suit by the then holder.
a Bsnk shall haw, but shall not be limited to, th~ followiny riohts, e~ch of which may be sxercised ~t a~y time wherF~ a no1 Mw
~ - ~ not~ a due: to plad9e or uansfer this note and th~ Collsterat ~nd Bsnk ahall tfiereopw+ be relieved of sll dutias and rssponsibiliHp
no
MrwndK and roliwed frorn ~r+y and ell liability with ?espect to any ~ollateral so pledged w t~snsftrred, and any pl~dy~t a tnos-
f~ie~ shsll for ~II purpos~s st~nd in the plsce of Bank hereunder and have all the riqhta of Bartk herevnder; (ii) to transfer the whole
or a++y part of the Collahra) inro the name of itself or its nominee; (~iy to vote the Coll~teral; (iv) to notify the Obli~s of ~mr Col-
~ i {st~ral to msk~ payment to dsnt of s~+y amounts dve w to become dve thereon; (v) to demand, sue fw, coltecr, o. make •rryr compw~
a mik w sNtl«e~ent it de~ms d~sirable wirh reference to the Collsteral; and (vi) to take connol of any proceeds of Collaror~l.
~ ~ d~nk. is F~eby yiven ~ lien upon and • security interest in all prope?ty of each Obligor now a at any time heresfter in the pos-
sessio~ of Bank in ~ny upacit~r whatsoever, including but ~ot limited to any balance o+ share of any deposit, trusl, a sge~cy account,
~ ~s tM s~turity fw tM Wym~rM of Mis note, and s s~m~lar I~en upon •nd security inttrest in all such propertlr of each Maker as security
for tM payma+t of all other li~bilities o4 each Maker to Bank (+ncl~dinq liabili~ies of each Msker and any other perwr+); and Bank shail
;Q Mw th~ same riQhri as to sucfi prop~?ty as i~ has with respect to rhe Collateral.
' K 8ank de~ms itself insecvro or upon the occurrence of eny defsult hereundcr Bank shsll have the foreclosure ~nd other rernedi~s
~ ~
" - pf a s~cvnd party ~nder th~ Ue+iform Comenercial Code. w other applicsble Isw and. without limit~nq the yener~liry of the fors9oinp,
} HMk sMtl h~w tM ripht, inMrNdiaMly and without further attion by it, to set off against this note sll mpxy owed by Bank in any ca-
~ pacity to ~ach p smr Maksr; snd if such. stf off shall occur, Bsnk shall be deemed to have exercixd s~ch riyht of set oH and to fim
rnd~ a char9e a~irut u+y s~rc1+ mw+eY ~~'+mediately upor+ the occurrence of such defsult even thou9h such charye is mads o~ en?er~d
u
on th~ bopks of 8ank s~bswvN+t therdo_ Unless the Coltsteral is p~rishable w threatens to dec4ine speedify in v~lue w is of a typ~
- y- pistoen~rilY sold en • recoq~ized market, 8~nk will yive AAaker reasoneble notice of the time aad place of any pvblk s~le thereof or of
fh~ tenM afiN wfiith atry prirntat~ fale ot +ny other infended disposition thereof is to be made. The reduirement of ressonable notit! s~Nll ~
~ J b~ n~t if wch notic~ is mail~d, postaqe propaid, to u+y Msker at rhe ~ddress given below w•r a~y other address shown on tl+~ r~ec-
~ - o~s of th~ ba~k, at b~st fiw d~ys belora the rime of ~he sale w d~spasition. Upon d~~pos~rion oi any Collateral afrer rhe occurreno~
~ = of ~Mr d~fault herevnder, Maker shall be and remiin liable for any deficiency; and Bank shall acco~nt to Maker for ae+y wrpl~s, but
~ ba?k sMl{ haw the riyM to apply ~II or any pan of svch su?pl~s ior to hold the asme as a rexrv~ syainsr) ~ny and ~11 orhe. liabi{ities
- of wd~ a~ny Maker to Bank. .
~ No dlliy a otniuion on th~ p~A of B~nk in •:~rcisirq sny ripht he.eunder shal! oper~le as a w~iver of suth riyht or of a~y WMr
~ rlpht und~r Mia not~. Drestnrmtm, dsmand, protest, notice of dishonor. ~nd ext~nsion,of time without notice sre hsrsby waived by
~ _ ~Kh and rvtry Qbliqor- iM Obli9ors. lantly and severallY. Promise ~nd aqrce to p~y aIl tosfs of tolledion ~nd re~sonablt ~ttwntys'
„ :-F- fMS (not Ins than 10% of tF+ep~ i~cipal sw~) i~cvrred or p~~d bY B~nk i~ ~nfwcinq this nwa upon the acv?rence oF anr default.
My nd'ce b Make~ shall be suff'~ci~ntly s~rv~d for •11 p~rposes if Ish upo~ a P~a~ in the mail, postaqe prepaid. ~ddressed to th~
£ pr~misss ~t tM ~ddteas showe below or ~ny other address shown on Bank's records.
~ NA~rtvK this nots is ex~tad by • co-nuker or endwser who is ths wile of ~ maker w endorser, rhe said wiFe doei hKeby t~-
~ _ ptssh ~dcrw~wld0~ tt+e within deW as htr joint snd individwl dsW.
, _ Each d Maker adcrwwbdqes recaipl of • compfeted copy of t is Noro ~the ~ba.~ d~ -
~ - wd~, I060 SW US i,~_Lot 50 o t~~c,,~ v.~ ~
~ _ ` - Coda W. Neely
~ Vero Beach, Florida • is..ry
~ . ' - - • ~ ~ : : ~ - ~ =~S`-~~~~~ ~ . ~ ~ . _ _ . : y
~ - ~ ~
~ ~ k
~ ":~,.C-r,,.. 'va. - , ~ r r . _ _ " _ ' _ " . . . ~..,__.cv.,