HomeMy WebLinkAbout0516 INSTAILMENT NOTE STATE DG"~''~'"'~T~`~" ~T"'~ ATUCHED
(S~cund ~nd Un~cu~~ t,,,
No1~ No. Dat~d: So~osb~,t-.2Q._. 19 Tb..__ Du~: S,ej2Lt~mblL 2~9 ~Hl__ ~s~` ts, Y~~. 2O `ACii:EILED
loan Tsrms:
Prot!!d3 ; 6~ 3~5~ YQ
-----~•_••----•SIXT-Y--~b.41.~~DITHS•-~-,~.•-•.•.•~•.R•s__r NNANCE = 1_,740,90..
ah~r dste the urxkrsiy~ed, hereinafte~ called Msker, joi~tly end severatly ~~RDE
promis~(t) for vslue recaived to pay to the order of J~n~e d~~ch d~nk hera ~+?^+~~~~~Y i._ _..___....iZt 30__.
inafter called 8snk, at its office at ~~ns~n 6~ach, flo~id~ the sum of (total S~~^''~
of payments) Cradittife(o~lFfe jVOAe ~
.
~i.~h~.ThQU~_4~e Hyn.dred.FQr~yTI~?~!. i11S~---- ~ Disaoiliy) Ins.i -
.Z~1.LQQ~- - . Dollan
- - - 01her (itemize) • t '
_
with intersst thereon at ths rste of .~Q~_Q 'X, per a~num, all paysble i~ Cr• Repost .---..1~LQQ ~
_._b.Q_, monthly Irotallments s l3§•.'12..-_ eech on ths ult day of '
eeth suoteuive monfh comm~ncir~~•. j4~.-Zjit . 19 7(!- , toqethar w~rh = ;
a BAtIOON PAYMENT OF =----NO~l-~.--- - - ~ ~DI~A-- - - - 19 _ . . AMOUNT 6 38?. 30 ~
fINANCED t ---~-t----- !
A fln~ computed at the raro of =.OS pe? t1.00 on esch insrallment in defavlt fo~ s
ap~ iod i~ exceu of 10 dsys mey bs charqed t~e Maker. No such fine shall excecd ~Pa?ately coliscted
:5.00. Make~ is required to psy all costs of coltection, incl~dinq a reasonable ettor- charyes (itemiz~) = None ;
ney's fee if r~ferred for coliection w tegsl p~oceodi ;
ngs. All payments, whether pri~- :
dpai, ioterest or otherwise, not received when due shall bea~ interest at 1096 pe? i... :
ennum from due dare until psid. Ail payments made hereunder shall be cretiited ANNUAI PERCENTAGE RATE 96
fint to interost, then to lawful charfles then xcrued, and last te principal, - -
If ths lo~n is prepeid in full, accelerated or refinar~ced, the Maker shall as of the date of such evenl receive s~h refund of the vn-
Nrned portion of ths credit life insurance premium and finance charge and such other credit as may be required by law w as may be
nscessary to avad vs~ry, provided that the Ho(der may reta~n a minim~m firsance tharge o! S25.OD, whether or not ofheswise earned,
a~d except in the case of a refi~ancinq no finance charge or premium refund shall be made if if amounts to leu than =1.00, Retention f
of sny m~nimum finarxe shal( be in ac~difion to se.vice charge if any. Any langusge elsewhere herein to the contrary nofwithstandin9, f
nlither Bank nor any holder hereof shall receive or retain any charge or interest npl aNowed by law. ~
As security for ihe paymeM of this note Maker has pledged or depos~tcd wifh 8ank 1he following property: ~
_IJ21~~_I~I.o~._.15_?~__oI..~11.311dmi11.Y1llage+ SL_Lucie_Co.uaty.. Florida.ai_.desrribesLia--__ ~
aaid mort~,s~ge. ~
(includinQ a!I cash, s a and ofher d;v::ler.ds and ~II r;qhts to SUb1;fiF~C ~O' se:ur~tiez incident to, declared or granted in tonnection with
such {xoperty), which properrv, ta9ether with all add~tions and subst,rut[o~s r~erealter pledged o~ depos~red with Bank is called the Col-
lateral. The Co'iarerot is atso p~edged as secvrity fo~ al! othe. Gab;!n;es to Bank, (pnn~a~y. se~o~dary, d~rect, cont~ngent, sole, joinf o?
several), due or to become due or wF~ch may be hereaf!er co~tra,ted or acqu~red, of each Mai.er (or of each Maker and any other per- ;
son)• The surrender of this note, upon patmenr o. otcer.vise, sh311 r.ot aNect ~he righ~ of 8ank ro reta~n she Collarera! for such other ;
liabilities.
CREDR UFE AND tREDIT LIFE E, DISABIUTY INSURANCE ARE VOLUNTARY AND NOT REQUIRED fOR CREDIT. Such insurante ~
coverage is available at rhe cost des+gnafed be!ow lor the term of t~e cred~e (a) E for Credit liie In-
surence (b) S-. for Credit life 3 Diiabi•.~t~ Insurance: t
Check }
Appl. ~ Credit life Insurance is desired on the life of
Box _ _ _ _
_ ,
- - - Bir:lxlate _ STAtE OCrl1,::;.t~i.1RY ::.:s.:.rS _ AL:~~C~c'.R_. `
1
~ Credit life d. Oisability I~wrance is desired on . IO ORiGiN:+L n;oTF ti:~o c~r~c~,~.4~~___. , ~
_ _ _ _ Si~tndate
- . _
~ Ciedit ~ife a /or Disab~!ity Insurance is n des' . r, `
~K~"-- V Z!~_ _-_!_E:r Signature ~ r
--t~-~ - -G`-,~,~k_~---~ , Don LaFlamme
$ipnature _ . __~~.,~c,a.rc..r,i $6irley LiFlamnc~e
Additions to, reductions or exchanges of, or substitutians for th Co!lateral, payments o~ aaount of this loen w irxresses of the
ssme, or other loans mede part~aliy o~ wholly upon the Ca!lateral, may from time to time be made without affeding the provisions ?
of this note. Bank shell exercise reasonable care in the custody and preservation of the Coffateral to the extent required by applicable '
statufe, and shall be deemed to have exercised reasonabte care if it rakes such adion for thar purpose as Maker shall reasonably request
in writinq, but no omiuion to do any act not .equested by Maker sha!! be deemed a fa:~u~e ro exercise reasonable care, and no omis-
sion to comply with a~y request of Meicer shail of itself be deemed a fa~:u~e to ezercise reawnable care. Bank shall not be bound to
fake any steps necessary to preserve eny rights ~n the Colla~eral agamst priw parties and Maker shall take all necessary steps fo? stxh ~
purposes. Ba~k or its nominee need not cotlect in~erest on o? principa( of any Codatc~at or give any notice with iespetf to if. ~
If the Co!lateral shall at any time become unsatlsfactory to Bank, Mnker shall wifhin one day after demand pledqe and deposit '
with Bank as part ef the Collateral add;t;onal property which is sat~sfacto.y to Bank. }
If Bank deems itself i~secure, w upon the happen~ng of eny of the Fo!lowinq evenrs, each of which shal! const~tufe e defavlt hera '
under, etl liabilities of exh Maker to Bank shall the~eupon w thereafte., at the option of Bank, without notice or demand, become due ~
snd paysble: (s) the failure of any Obtigor (which term shal! mean and include each Msaker, endorstr, syrety, and guarantor of this t
~ote) to perform any agreement hereunder, to pay interest hereon w~thin ten days afte~ ~t is due, o? if there be no dus date, ske~ it f
is bilkd w otherwise requested w demanded, to pay any other liebifity whatsoever ?o Bank when due; (b) the deaih of any Obli~;
(c) the filinp of eny petitiore under the Bankruptcy Ad, or any similar federel or state statute, by or ~gainst any Obligor; an epp ica-
tion fw the appointment of a.eceive~ for, the making of a nerel assignment for the benefit of creditws by, or the insotvetxy of any
ObliQor; (e) ihe eniry of a judgement egainst any pbligor; (~the issuing of any attachmcnt or qarnishment, or fhe filirq of any lien,
pa~nst any property of any Obligw; (9) the taking of possession of any svbsrantial part of the property of any Obligw af the i~utanca
of eny yovemmentsf authority; (hj the dissolutiort, merye?, consolidation, or reoryaniiatien of any Obliyor, {i) the aui9nmenf by sny
Ml~ker of sny equity in eny of the Collateral withovt the written consent of t1x Bank. f~: ~ Obligor hereby waives any reqviremenf of
notias w demand reflecting suct~ attelerat+on insofar as surh requirement be in addir~on the me~e exercise of ar?y remedy sffaded in
this NpM or ths institution of suit by the the~ holder. .
8enk shsll have, but shell not be limited to, the fotlowing rights, each of which may be eaercised af any time whether or ~ot this -
nW~ is dus: (i) to pledpe ot transfer this note and the Coltateral and Ba~k shat! thereupon be relieved of all duties and responsibilities
hereunder and relieved from any end alt liability with respect to eny Coilateral so pledged o~ transferred, and eny pfed9ee or tram-
ferae shet! for s!! pu~po~s stand in the plrce of Bank hereunder ar+d have sII the rights of Bank here~nder; (ii) to transfer the whob
or ~ny paA of the Collateral into the name of itxlf a its nominee; (iii) to vote the Collateret; (iv) to notify the Obliflws of arryr Coi-
taterel 1o make payme~t to 8ank of any amount~ due or to become due thereon; (v) to demand, sue for, mllect, or make a~y compro-
mise or settlement it deems desirabk with reference to the Collateral: and (v~ to take control of any proceeds of Collateral.
Bank is hereby given a lie~ upon e~d a security interest in afl property o~ esch Ob+iflor now w at a~y time hereeRer i~ the poa-
seuion of Bank in any cepaciy whatsoever, includiny but not limited to any balarece o~ sha:e of any deposit, trust, orey~ ncy a~counl,
~s 1he security for the psyment of this rate, and a similsr lien upon and security interest in all such property of eech Maker as securi~
fa the pe~Fnent of all Wher liabilities pf each Maker to Bank (including liabilities of each Maker arrd any other person); snd Bank sha I
have the same righh as to such p~openy as it has with respcct to the Collateral.
ff Bantc deems itself insecure or upon the occvrrence of any default hereunder 8ank shal! have the foreclosure and olher rcmedies
of a setursd pa~ty ut~de~ the Uniform Commercial Code, or other applicable law and, without limitin~ the yenerality of the foreqoinp,
Bank shell have the riyht, immediately and withovt further action by it, to set off against this note all money owed by genk in any ca-
pacity to each w a~y Nbker; and if such set off shell occur, Bank shall be deemed to have exercised such ri9ht of set off end to have
mede a charqe aysinsf a~y s~xh money immediately upon the occurrerxe of svch defautt even thouflh svth charge is made or enfered
on th~ books of Bank wbsequent thereto. Unless the Collateral is perishable or threatens to decline speedily i~ value or is of a typs
customerily sold on a recoqnized market, Bank will yive Meker rea;onable ~otice of the time and ptace of any public saie thereof or of
the time aher which sny private sale or any other intended disposition thereof is to be madc_ The requirement of reesonable notice shall
bs met if such notke is mailed, postaye prepaid, to any Maker at the address given below w a1 any othe~ address shown on tha rea
ords of the Bank, st kast five days before the tir»e of the sale a disposition. Upo~ d~spos~t~on of a~y Collsteral aRer the occurrerxe -
of at?y defeult here~r?der, Maker shall be and remein liable fw any deficiency; and Bank shall eccount to /Kaker for any surpl~s, but
8a~k shall heve the riyht to apply el! or any part of such swplus (or to hold the same as a reserve against) any and all Wher liabilities
of ~ech or any Maker to Bsnk.
~ No delay ot omiu~on on the part of Bank in exercising any right hereunder shatl operate es a waiver of stxh r~'qht or of erryr other
ripht under this note. Presentment, demand, proteet, notice of dishono~, a~d extension of time witho~t notioe are Fxreby waived by
sach and every Obligor. The Obligors, jantly and uverally, prom~se a~d agree to pay a(I costs of coilection arxl reasona~le sttorneys'
fess (nd less than 1096 of the principal svm) inc~rred u paid by Bank in enforcirg Ihis note upon the occurrenoe of a~y dsfault.
Any notioe to AMker shsll be sufficiently served iw all purposes if left upon or plsced i~ the mail, postaqe p~epaid, addressed to the
{xwnises at the address shown below or sny other add?ess shown on Bank's records.
Wherever this note is executed by a co-mske? w endorxr who ;s the wife of a maker or e~dorser, the said w;fe does hereby ez-
pr~uly etknowl~tlpe the within debt as her joint a~d individuat debt.
ExA of Maker acknowl~dpes receipt of a completed copy of this t"o~ the above d~,
addr.ss:~.__B~_1Y'~t,~T~tS~.__~i~~o__Be~b a - ~
P ~ ' ~
Gntario, Canada ~ ~
E~~
•"°w*~~• n ~ nr0 K,~ ry SHIRL~:,Y A AMM cs..~