HomeMy WebLinkAbout0022 ~]~$~j j~;j~j~ ' INSTAIIMENT NOTE
t~Ar.K
H. (S~cw~d ~nd Untiewr~J)
, __--J
40 Cam~scial Street, Jc~seri Baach, Florida pu•: 1-~.~t t9 _~1 t-b,172.~Q-_
- I.OCAi IUN J~ 2S
y loM+ Terms:
Nof~ No. Oaf~d: • 19 2fi-- P~«eeds t_ 4`.8~12,~0
i1NANCE _
.~-~~Y-IEQ~...MR1~}1S CHARGE
stte~ dale the u~ders~qned, he~e~nafter cailed Maker, ~o~ntly and seve~ally Documehlery
promise(s) for value ~cce~vcd to pay to the order ol the Eiank, at ~ts oltice S~•mps
as listed above the sum ol (total ol payments~ C~edi~ l~te (or Ute
d~ Oisabil~ry) Ins.t
gIx mNni~at~m _i~F'~..~II~II?~~~~'_Y ~~10_AND 8~100_---~..
-
Dollan Other (itemize)
r. _
•
wifh interest tMreon a! the raro of ~Q~QQ$'--•--.% per ~nnum, ~II p~~ ble in =
-60-- ^^°~'thly inst•Ilments oi t----U~tf e~ch on ths ---p7~._. day of .
•ach ~uos~aiw month commenci~ on ~L ~ . 1V---?b-• toqe~Mr with :
~~"'0„s AMOUNT 4,842.00 -
• MttOON PAYMENt OF t._1~'LE___~____ 19 FINANCEO '
A tint comPUted at the rate of t.OS per t1.00 on each inst~i~ment in de(ault fo~ ~~=*t$~ f=~~~~~~
• period in excess of 10 daya may be charged ~he Ma4er. No such /ine shall exceed ,
=5.00. Make~ is req~ired to pay a~l costs of collection, inciud~ng + reasoneble ano?- charpes (~~emizs) s»
ney's i~e if referred lo~ collettion or {ee~al proceedings. All payments. whether prin- ~
cipal, inleresf or otherwise, not received when due shal) bear interest at 10°.'~i P~r ~ i
~nrwrn /rom due date until pa~d. All payments msde herevndcr shall be tredited ANNUAL PERCENTAGE RATE j~.._ yf.
fint to intereit, ~hen to lawfvl chs?ges ~hen accrued, and 1as~ to.principal. i
1f fh~ Iwn is prep~id in full, accelerated w?efinanced, the Maker shall ss of the date of such event recc~ve ~~ch refund of the un-
N~ned pOrtion of Ihe c~edit life insurance p.emi~m and finante charge snd stxh otFcr credit as maV be required by law or as may bs ~ ;
t~ecessary lo +vad usury, provided thst 1he Holder may re~ain a min~mum lina~ce charge o1 545.00. wi,erher pr not otherwise earned, ~
~r?d txcept in 1he case of a refinancinq, no i~nante charqe or premium refund shatl be made i( it amovnts to less Ihan :1.00. Retention t
of any minimum (inar+ce shall be in addition to se?vKe charge it any. Any lang~age elsewhe~e herein to ~he corsrrary notwilhstsndinq,
neithtr dank nor aoy holder hereof shsll recerve a ~e~ain sny cha~ge a imeres? not •Ilowed by iaw.
As security for the paymem of this note Maker hss pledped or deposited with Bank the followinq prope~ty: ..A _.Q.~Q~jlQ__ ~~d~
iriterest in. Reef Cond,_ ILrecorded__
in_O. R,__ Book 2501 Page_ 2931_... Unit_.Weeks
___rw_~~._in Cand.
_ t. No. - as described in ~aid rro a e.
-~4~_____~__------~ -.......___...._G.1Q-------------------AP.....-~ - ------C._10------------------~----------------~ ~A 9
(nclud~ash, s~ock snd oth~ ividends and a11 righrs to subx.ibe for secu.iries intident to. decla.ed or granted jn connea;on w;th
suthp~ operty), which property, ro~,/her wirh all addi~ions and subst~tur~ons he~eafter p!edged o~ deposited with Bank is ca~led the Col-
iaMral. The Co1la~era{ is also piedg~. s sewnly for all o~ne~ liabil~iies 1o Bank, (prima~y, seca+dary, d~rect, contingenf, sote, joint or
sevtr~n, due or to become due o~ w may be hereafter contrac~ed w acquired, of each Maker (w of esch Maker ~nd any other pe?-
san~ The svrrender of this note, ~ ayrt?ent or othervv~u, shall not affect the riyh~ of Bank to retain the Collater~l~r such olher
li~bitifies. ~
CREDR LIfE AND CREDIT IIfE b O 1lITY INSURANCE ARE VOIU.NTAQY ANO NOT REQUIRED FOR CREDIT.~ insur~nce
cowraye it avail~ble at the coat desiynat low for the term of the cred~t: (a) S.-....______.....___________w_.~ ta Credit li(e In-
sur~noe (b) S___~._----- _ for Gedit lite 3 U~sebility lnsurance:
d,eck -_1~...___~___._ .
Appl. Q Gedit life Inwrancs is desi~ed o~e life of _ _
Eox
Btrthdate
Q G~t life d~ Disability Insurance is des on ~ . -
. _ Binhdde _
- - - •
Credit life and/or Disability Insurance is not d', '
wte: __.ti~}~~--~~-76 sio~++ture A1beY`t J. ~lK~eY's .
S~onatun X - _ .r_~_'~!?~Phyllis E. F1ldexs
Additions fo, redudions or exchanqes of, or substit~tions the Collete?al, psyments on account of ~his loan o? ii+creases of the
1ame, or other loans made pa?ha:ly or wholly upon the Co~tateral. may from time to time be msde without affecting the provisions
o( this note_ Bsnk shall exercise reasonabte care ~n the custody and preservat~on of the Cotfaterat to the exteM reqvired by applicab~e
sf~tufe, ~nd shall be deemed to have e=ercised .eawnab~e car~ if it takes svch act~o~ iw rnat pvrpose as Maker snell reasonably request
M wrifirq, but no om~ssion to do any acr nor requested by Make~ shall be deemed a ia~lure ?o e:erc~s~ +easonable care, and no omis-
sion to comply wi~h any request of N{aker shall of irself be deemed a(a~lure to e:eruse .eesonsbte care. Bank shall not be bound to
1ak~ ~ny sleps necessary fo p.eservc any r~ghfs in the Cotlateral aqs~nsr prior par~ies and Maker sha" take a!1 necessary steps for svch
purposes. Bank or its nominee necd nor collact interest o~ w princ~pal of eny Colta~eral or give any notice with resped to it.
~ If the Collateral shall at any t~me_ become unsatisfador~ to Bantc. Nlaker shail wirhin one day after demand pledge and deposit
with Bank as part of the Collaterei add~~~onel property which is satis;ac~o?y to Bank.
~ If Ba~k deems itself insecure, w upon ~he happen~ng of eny of the /ollowing evenrs, eech of which shall constitute a defeult here-
a under, ~I) li~biliries oF each Maker to Bank shall the~eupon w therea(ter, at the optio~ of Bank, wi~hovt nolice or Cemand, btcome due
~ ~nd payable: (a) the fail~re of anv Obliqor (which rerm shall mean and include each Maker, endorser, surety, and gvarantor of this
~ rwte) to perform any aqreement hereunder, to pay interest hereon w~?hin ten days af~e. it is due, or if the.e be no due date, aiter it
ts billed or o~herwise requested or deman~ed, to pay eny o~i,e? I~ab~l,rv whatscever to Bank when due; (b) the death o( any pbligw; .
a (c) the filirq of any petition unaer the Bankruptcy Acr, or any s~milar federal or state stat~+e, by or a~ainsf any Obligor; (d) an spplita-
fion for Ihe appointment of a receive. ~w, ti,e makin.~ of a generaf ass:gnment fw the benefit of «editors by, or the insolvency of any
~ Obliflor; (e) the entry of a ju<l~ement aqainst any Obliqor; (f) the issving of anv sttachment or garmshment. or 1he filing of any lien,
~ sy ainsl ~fi property of any Obiigo.; (g) ~he ~aking of possess~on of any substantial part of fhe procerty of any 061iqor at the instance
~ ot any governmental suthwity; (h) ~he d~sso~ution, mcrger, conso~idar~on, or reorganization of any Obligor; (i) the ass~gnmenf by any
141sker of any equ~ty ~n any of ~he Colfateral without the wnlten consent of the 8ank. Each Obligor hereby waives any requirement of
notice or demand .eflecting such accelerarion insofar ss svch reqvirement be in addition to the mere exercix of any remedy atfwded in
~ this Note or the institution of suit by Iht ~hen holder.
Bank shall have, bur shall nor be limited to, tF.e f~llowing riohts, exh of which may be e:ercised at any time whefher w not this
~ note ii d~e: (i) to ptedqe w tra~,sfe~ this note and the Co!lateral and Bank shall thereupon ~e reGeved of all duties and responsibilities
~ hereunder and relieved from anv and a~l liab~tity with respect ro any Collare.al so piedged o~ transfened, and any pledgee or trans-
feree shall fw all pv~poses stand in the pla:e of Bank hereunder and have all the r~ghts of Bank hereunder; (ii) ro transfer the whole
w any pan of the Collateral into the name of i~se;f or its nom~r.ee; to vote the Co~iateral; (iv) to not~fy the Obligo~s of a~y Col-
t lateral fo meke psyment to Bank of any amoun~s due or to become dve the.eon; (v) to demand, sve for, collect, o. make any compro-
~ miu or xttlement it deems desirable with reference to the Cotlateral; a~d (v~) to take control of any proceeds of Collaters!_
~ Bsnk is hereby qiven a lien upon and a secunty interest in all properry of each Obligor now a at any time hereafter in the pos-
session of Ba~k in any capac~ty whatsoever, inciud~ng but not limited to any balance or share of any deposit, trust, ~or agency account,
~ ts the seturity for the Oayment of thn no+e, and a s~milar lien upon and secvrity i~tereit i~ alf such properfy of tach Maker as securify
" fo~ the p~yment of all orne~ liabitit~es of each I~laker to Bank pnclud~ng f~ab~l~t~es of each Maker a~d any other person); and Bank shall
have fhe same rights as to such property as it has wifh respect to rne Collateral_ ~
(f Bank deems itself insecvre or uoon the acurrence of a~y default hereunder Bank shall have the loreclosure and other ~emedies
of • secured parW ~nder the Uniform Commo~cial Code, or other applicab~e law and, without limitinq the yenerality of the foregoing,
Bank shall hsve the .~ght, immed~a?ely an~w,ti:out (~r~he~ sct~on by i~, to set off aga~nsr fh~s note all mw~ey owed by Bank ~n any ce-
pacity to each or any Make~; and ~f suct. off snall occu.. Bank shall be deemed to have exerc~sed such right of ut off and to have
msde a charqe against any svch money~ i ~ately upon the acurrence of such default even thoug~ such cherge is m~de or entered
o~ the books of Bank subsequen? rhe~ct~Jess the Collareral is penshable or threarens to decGne speedily in vatue or is of s type
cvstomarily sold on a recogmred markel,: Bar~will q~ve M.aktr reaso~abie notlce ol the time and pface of any public sale thereo( w of
* the time s(~er wh~ch any pnvate safe or ariy o~!~?,~mtended dispos~t~on thereof is ro be made. The requiremero of ressonable notice shall
~ be met ii s~ch norice is mailed, posiage p+epaF~~ anv Maker at rhe address g~ven betow w a? a~y o~her address shown on the rec-
r wds oi the Bank, as teas~ five days be~ore the u of the sale or d~spos~t~on. Upon dnposition ol any Colle~erat afrer the occurrence
of any defa~lt he~eunder, Maker sha~l be and re aA~ I~ab~e (or any de(~ciency; and Bank shall account to Maka for any surp~us, bu1
` Bank shall have the righf to apply all or any parl ~Ch surplus (or to hold the same as • reserve ayainst) any ~nd all other liabilities
~ of e~ch a•ny Maker io Bank. ~ -
~ No delay or omiss~on on ihc oart of Bank in e~~~sing any riqhf he?eunder shell opera?e as a wsiver of such riqht or oi any other
' ~iqhl vndcr this note. Prexmmem, demsnd, protest, ~ce o( d~shonor, and extension of hmc wi~hout oot~ce are t~ertby waived by
exh and evcry Obligo~. The Obl~gors, jointly and sevF~CtNy, prom~se and aqree to pay all cosls of colicdio~ end reasonaGle a~torncyi
~ (ees (~ot less than 10°e of the pnncipal sum) inc~ned iQpa~d by Bank in en(wcing Ih~s note upon iFx occurrerxe oi any default.
Any notice Io Maker shall be sulLaenHy se.ved ior all purposes if Ic(I upon or ptaced m the mail, postaye prepaid, addressed to the
~ p?emises at the address shown betow or any other address I~own on Bank's reco.ds.
Wherever sl,~s nae is e¦e<uicd by a co maker o. endon ,o ~s ihe w~fe o( • maker a endaser, tht said wife docs hereby ex•
~ p?essly ~ck~?owledqe Ihe wilhm deb~ as hcr jant and ind~vi debl.
Each o( 1~4aker acknowledqes receipl of • completed topy of thn Note on 1hs above dsl~.
. ~
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1331 SW 6th Wa X ,r . •~t . t~_.~_..:_ (5~~4
~ /lddre~s: . _ . Y.._..._ - - - `
~ Deerfield I3each, F'L ~ 33441 rt yY ~~rs
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