HomeMy WebLinkAbout0150 ' ~ec~n e~ac3~ H~aNc u~aT~~ iron-
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' BANK NAME (~KYN+ MI+ ~M1MtYf~
40 Ocamnea~c~ais~l St. L Jensen Hs~wl~t l~l~o~a ~ t~ ~1 = 7~882.80 "
IOCATIQN rt .t R , : •
n.» t~. oa~ ~ ~ . » 76 ~ ~~1~~ ~
60 s ....1,~.699 Q._._
auaw , :
sfttr daM tM und~rsi9nEd. h~ninafter qlled Maka. joinity and sever~lly . Oocwn~nt~ry i.._..»:_.,~. ~
prorhi3e(s) for valw nctived to pay to the o?dsr ot ths 8ank. at its oftk~ S~Mnp~ ~
u Iisted above the wm of (totsl ot payments)........__.._..___. t tih (or Uh ~
-
g~j!~~~_._.~~~ Disability) Im.i
wNh iM~rat 1M~~on ~t tM r.N of ~.'K PK aM+wn. ~II p~y~bb in a~ ~~i~'t.;
u
~ morNidy iiuatbna+b of - ~1+ on dw of ~ i
_..Q~~~.....__., 19_ fopetF~ with
sa~h Mfoc~iw namh oo _ ~'y
s!1?llOON P/1YMENT OF Du~ ~ 19 ~V~
6 183 00
/1 fin~ oomput~d at tM nt~ of i.OS per 1.00 on ~sd~ ii+stal!rt~ent in d~favlt for f_„._._.t
a pKiod M ~~cc~s~ of 10 days may bs charpse~ tM Maker. No :uth fiM ;hall ~xtsed 00~~
is 00. MakK is ~tquirod 1o p~y ~Ii. aosis of oollectiort. intiudinp • rtasooabls attw• ~OK (~Nn?Ix~)
_
e»y's iM it nb~nd Mr oolNttlon w i~al ptoosfdinpi. AN p~ym~nb. wlNther prin- • ' i..._..:...._._..
dp~l, hNN'~st o~ otlMrwis~, nOf ~iv~d wMn du~ sMll b~ar iot~rlsl at 109fi pN
~nnun~ fro+n dw dat~ w,Hl paid. All payrn~?n mad~. M?wndt. shau b~ cr.dlnd ANNIIAI_~CEI~ITAtiE RATi ^i~
fint to inl~nsf. IMn to lawful ci~a?~s then scavsd. Md Isst to p~incipal. -
N tM ban h pnpsid in full, aaalsr~tsd or nfinancsd. tM Maker shail ~s of thR dat~ of wd~ ~wm npiw wth r+~ivnd of th~ un.
~am~d portion o# th~ chdit lif~ i~ur~ pr~rr~iwn and financ~ charps ~nd such oth~r p~dit ~s nNy b~ rpuind by law w a~ m~y b~
rNO~st~ry to avoid uwrl?. Provided that ~F» Hoiel~~ msy ntain s minimwn finu~a thatQ~ oi =45.00, whttMr a not otl+awi» Nrmd, -
~nd ~xupt In Nw ca~ of a nfinandrq no finano~ char~ a.premium nfund sh~ll M maeM ff it aenam» to I~ss tMn =1.00. R~NMion -
of any minimum fin~oea sMll be in s~dNion W s~rviq cha~p~ if any. Any lanpuap~ ~Is~wMro h~nin fo th~ Cpntrary ~ofwit!»faedino.
: mhl~ 8a+k no? ~rry hoid~? t~~of sh~ll naafw or ntNn ~ny ch~~q~ o? inhnst noi ~Ilowrd by Ipw.
As ~cutitY for 1M piym~nt of thb ~we~ N4kK h~s pl~dp~d or d~positad with 9anlc Nw /ollowiop prop~~iy: ~
0 ~ V~ _
int~.
s'~~ '~.1~~i!_~f iti_Q.R. _~.ook ?50, Pe~a Z~3~... i~it t~~slc
9.~? O~r~i. C.`~-l~ aiz~1. t~sit week~ 33 ~asd 34_ Sn QOad. C-2,~ ~1~~~~
~_.~_~..,~:,~w~ 4~~y
(intludlny ~11 cash. stodc and otMr dividends and atf righls b ivbscribe for sawiti~s irKidtm to. or ~ant~d in torntKtion
suchp~pe~ty). whkh propa~y. toqether with ~If additions and substitutians h~reafter pledpad or d~posited v~nth 8ank h uiNd tM Cd-
Im~al. Th~ f.ottaie~al is also pl~dped as sscwity for atl otMr lisbilities ro Bank, (primary. secendary. dirM, M, tob; jplet qr~j~.-
t~wr~4 dw or ro b~oorr+~ due a which may be hsreafter connactrd a acquind, of e~ch Mak~r (a of ~N~~1~~~pd anY WhK PK- -
son~ T~ surt~t of tl~is nWe. vP~ P~t?~+~+eM w otMrwis~, shall not ~ffott th~ .i~hf oi bank to ntaie ~C ~al for wth othK~ ~d ~
(iabiliti~s. ~ .
CREOIT IIFE ANO ~RE~IT UFE 3 DI511811ITY INSURANCE ARE VOIUNTARY AN~ NOT REQIJIRED FOR ~tE~! Sud~ ie~ano~ ,
~ap1e is availabN ~t th~ cost desqnated below for tF+t t~nn of the u~dit: : for C?~dff Uh pr
auru~oe (b~ for Credit lif~ d~ Disability Inwnnce: ~ -
' C1»dt
p Crsdit lih Inswanc~ is desirod on th~ lif~ of ~
--------~..__..____.__w_..~ r--~~~.:. y~~~._.._ ' _
&rM~d~t~ '
p G~dit Lih 8 ~isability Insuraece is desirad on __~.__.________._..___.._.r..----•.__
~ - BiM~dat~
~ Cndit Lif~ ind/o? Disability Insw~nos is not . - -_--4---. .
.
w+s: ~~t 7i 19~6. I1~vyrl R. .To[bs
s~^+,~. 8. .Tt~c~
Additions ro, nduetions w exchanges of, a substitutions for th tl~tera , nn on ;~p~ w incr~a~rs of tM- -
s~~t~s. a ofher loins rt?ds WHiaNy or wholly upon the Collatsnl, may fran time to time be~~it ~ffsctiny th~ prwuions
pf this n~?. Bank shall ~xercise reasonable care in the tustody and proservation of the ~ollateral ro the e:tu~t rpw nd by ~pplkabN _
stafuM. ~nd shall b~ d~smed to hsw exKased reasooabi~ urs if it tak~s such action for tt+at purpos~ as Nl~k~r sfiall nasonabty nqwst
tn writinp, but no on?ission to do any acf ~wt requeared by Maker shall 6e deemed a failun to e:erciss rsason~61~ un, artd.no amit-
sion to comply with ar?y npv~st of AAaker shall of itself M d~emed vre to e:trcise reasoe~bfe un. Bank shall not b~ bk~~ _
tab any st~ps rno~usry to p?eserv~t any riqhts in the Collateral ' pKti*s and N4ker shall t~ all nepssary st~ps -
qxpoas. 8snlc or its nomle~ nsad ~ot coll~ct inte.est on o? pri aey Collateal or Oive ~nY ~oti~ wiM ~eaMct to i1. '
1f tFN Collaleal she11 at. any time b~come unsstisfactory ro Bs AAsker shall within on~ day afts~ drmand pMdqs ~nd d~posit -
with 8ank as part of th~ Collsteral dditional property which is satisfactory to 8ank
If Bsnk d~ams itself iroecu.~, a upa? thc Fuppeni~+q of any of the follovrinp event:. each of wh;cb sh~ll consrihm ~ d~fault hKa
undsr, all liabilities of acli M~ker ta Bu+k shs11 tt?sreupon w thereafrer. at the .optioe of Bank, without notioe or d~mand; b~con~ du~
and p~yablt: (a) tfit failwt of any Obl' (which term shall mean snd ioclud~ each Maker. endorser, sunty and qwr~+far of . thb -
~or ud
np?s) to paforen a~ry a~nems~M hereundsr, b p~y interest hereon within ten days afte? it is due, a if there be no dus d~te, aflu N
h Wll~d or olhe~wise nqvested or damar?d~d, to p~y ~ny othe~ lisb+lity whatsoever to 8~nk when dve: (b) ths death of any Obli~;
(c) th~ fiilirp of any p~titian w~dsr the Bankruptcy Act, w sny similar federal or st~te statute. by or aqainst any Oblipo?:1~ anapp~iu-
th
I tion for the appointmant of a reoeiver for, the makiny of s neral assiqnment for the benefit of u~dMOn by, or tM insolv~ncy of any
` Oblipw: (e) the entry of • judaemeM ~ainst arqi Obliqw: t~the iswiny of ~ny snachmem or punishnieM, or tM filinp of arty liwn, -
rn
apa~nst ariy propsrty of any Obl~'por (y the tekirq of possession of any substantial paA of the property of any Oblipor-at tM I~ntana
~ of ary povernrnemal wlhority: (h) the dissolution, mer9e?, coruolidation, w reorqaoizatron of aryr Obliqor, tM ~ssi~nmtnt ~y ~ny
E Ma1cN of ~ny squity in ar+y of the Collateral without th~ written consent of the Bank. Each Obliqor henby waiws any nqui~ennnt of
notios w demand refleuirq such ~acekrstion insofar as such requiremeot be in sddition to th4 mere ~xtrcis~ d any nnNdy afford~d in
~ this Nol~ or th~ ir~titution of suit by the then holder.
8aek shall F~avs, bu? shall not be limited to, the folbwin9 riahts, exfi of wl~icb may be e~cercised ~t eny tirrN whether or not this
note ~s due: to pledp~ a tr~nsfe~ this rwte and the ~ollateral and Bank shall thereupon 6s rolieved of sN duti~s a++d responsibiti~i~s
~ F?erew~der snd reli~ved kom ~ny and all liability with respnct to any Coll~tersl so pted~ed or transfened. and any pbdq~e a truw -
i feree shall for all stand in the plsce of Bsnk hsreunder and have all ths riphts of Ba~k he~evnd~r• (i~ to tr~nsfer tM whote -
or any pa~1 of the later~l imo the name of itself w its nominee: pi~ to vote the Coll~teral; ('rv) to notify tM Obliyas of ~rry Col-
I~teral to make payma+t ro Bank of sny amounts due or to bacome dus therson; (v) to demaed, we fa, oolkd, w rrwke ~n~ compro-
~ mise or settkn+ent et deen+s desinble with referenoe to the Collateral; and (v~ to t~ke control of any procteds of Coil~len . -
8ank is hereby yiven e lien upon and s security interest in all p~operty of each Obtiqor now or at ~ryr time hen~fter in t!w por
session of B~nk in any c~pacity whatso~ve~, includin~ bur not limited to ary balsnc~ or sharo of arry d~posit, trust, waq~ncy ~ooount,
~f the s~cvrity fw the palrmeM of this ~wM, end a similar li~n vpon and security iMenst in al! wch prop~rty of ~ad~ MakK ~s
for the p~yment of dl othn lisbilities of sact~ Maker to &nk pncludirq liabilities of each AA~ker ~nd any ott~~r psrson); and dank~
haw th~ saene riqhn ~s to such p?operty ~s it has with resp~d to N+~ Collateral.
If Bank deems itself insecu?e or upon the oocvrrence of a~y default hereurxler Bank shall h~w ths forec{osure ~rd other remedies
of a sacured party ur~der the Un+form Commercial Code, or otFisr ~ppliubl~ I~w ~nd, whhout limiti~q the Qtntr~l~of the foreqoinp.
~ Bank shsll have the riyM, im?nediatsly aod withovt funher action by it, to set off aqainst this note all mo~+ey ow~d Bsnk inany u-
i pscity a each or any Nlaker• snd if wd~ set off sMll oaur, Bank shall be decmed to have sxtrcised such rp'
ht of set off and b haw
~ made ~ d?uye ay~insta~+~r iuch ~y immsdistely upon the oaurrence of wch defsult eva~ thouph wch chsrpe• is mad~ or erNersd
a~
~ on N+~ books of Bank wbseqvent thereto. Unless the Cdlatsral is perishable w threate~u to dectine speedily in valw w is of s typ~
; custom~riy sold on s recoqnized msrket. Ba~k will p'~ve AAaker reasanable notioe of the time ~nd place of ~ny public sate thereof or of
the time afier whKh any private sale or any other intended disposition theroof is to be insde. TM requirement of nawnabl~ notias shall
~ b~ mst if svch ~wtice is mailed, postpe p?epiid, to sny Msker ~t the address piven below or at any wher ~ddress shown oe the nt-
a~ of the 8ank, at least five days before the time of the sak a disposition. Upon disposition of ~ny Collatersl ~fter tM oau~rence
' of any defavlt hereunder, Maker shall be and remain liable for any deficiency; and Bank shall saount to 11Mker for am surptus, but
E Bs~k shail have rhe rqht to apply ~II w uiy paM of sucfi wrplus (or to hold the same u~ nserve apainst) any and all other liabititi~s _
of each or any Maker to Bank.
No delsy or omission on the pan of B~nk in ~xercisirq any ri~ht hercunder shall opente u a w~iver of wch r' t w of any othsr
( riyht under this note. PrcsentmeM, demand, prdest, rtotia of. dwFiorior a+d ~xtensio~ of time without notiae an~nby watved by
S esch and every Obliqor The Ob~i9ors, loinfly and ;everdh. promisa and ayree to Wy all cosri of coll~ction ~d natooable attwrnys' ~
fees (not less than 10'J6 of thep incipal sum) incu~red a paid by Ban~ ln ~nforcinq this noh upon th~ oawrenn of any d~fauh.
~ AMr rrotics to Maker shall be wff"ecieMly served fw ~II pwposes if fek upon or placed in the mail, posts~ p~ep~Id, add~ess~d Jp tM
p.emises d the address st~own below or erry aher addr~ss stwwn on Bank's r~cords.
Wherever ~his note is execvted by a co-maker a~de?ar who is the wif~ of ~ nNker w end«sN, the said wif~ dws Mnby ~z-
~ pr~ssly acknowl~d~e tM withi~ d~bt ss Mr joint and= individwl debt. • I
Each of Malw, adtnowfdyts raceipt of a tompleted copy of this Nof~ on
~ --.w.- 3I7 NW 43_ ~e. _ _ _ ~ _ cs..q'
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platntatf,on~ FL - 33327 , `~t._ JJ , .
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___~_______________-----____._.~!~~~~t7~~ PACE ` - f-~ ~4
FBS 770 2~76 ~ ~Yy~{ T'i. ~ + - -