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Home My WebLink About0130 ~::;i~. ~,r .Z~~, i' .t'?:~:;t`i;:C11'~k:5 i:tC i • INSTALIMENT NOTE BANK NAME (Sl~Y~ ~MI UfINCYfN~ P.O. ~3ox GI8, J~nseiY ~seach, iL 33~l5,iDY•~c~,-. 6~4p?~Oc~ i. .i-~' _ _ _ IOCAT ION O c t. 31 7 5 ~o+~ Tami: Nob No. ~ ~~t~d: , i~i 5, v v~ P~a~eds : Sixty ( 60 ) ~lonths FINANCE _ .1s.3:fl_Q...SI~_ tH/1R4E aiter date the undersig~ed, hereinaiter called Maker~ ~o~ntly and severally pocum~ntary = promise(s) tor value ~eceived to pay to the orde~ oi the Bank~ at its otfice Samps as listed above the sum of (total of payments). ~redlt tih (or life ~ ~1Q_~.c3i1.G3;.__~41~- -hllrici.ze$--.~wQ_...._..__..~.-_._.._... 6 O~sability)1ns.: _ Oollars Othsr (itemitf) . _ with iMenst tM?wn at the rate of °X, per ennum, all ~ysbl~ in _ . 1 9$.. . . . „ , : ----._~jr.._ month~y intbllments of . . . e~h on the . day of Nch suacsuiw n~o~th commencinp on ~D.~L~.~...~~.5__ . 19.~.~ toqerher with i-•-.•-...~....... ~ ~ a dAU00N PAYMENT OF t----•- ~ue 19 UNT ~ 0~ Z.~L~ 3'3tma..._. FtNANCED A fin~ computed at the rate of :.OS per :1.00 on each instel~ment in dsfsult for • period in ezc~ts of 10 days msy be charqed the Maker. No a~ch fine ihsll exceed ~p+~etely collect~d =5.00. Maker is ~equired to psy all cos?s of collection, includinq a rcssonsble atlor- chsrpes (itemize) _ ney's fee if refer~ed fw colledion o? le9el proccedings. All peyments. whether prin- cip~l, interese or otherwise, nor received whe~ due shsll bear inrerest at 1096 per i ennum from dus date until paid_ All payrreents made he~eunder shall be credited ANNUAL PERCENTAGE RATE fint to i~terest, then to lawful charpes then sccrued, snd Iss~ to p.incipal. -la__'16 If the toan is prepaid in fult, accelerated or refinanced, the Maker shall as of the date of such event receive such reiund of the un- earned portio~ of the credit life insurance premium and finence charge and such other credit as may be required by law or as may be neoessary to avoid usury, p~ovided lhat the Holder msy retain a minimum finance char~e of t~S.00, whether w not othe?wise eun~d, ~ and except in the case of s refinancirtq, no finance charge or p?emium refund shatl be msde if it amounts to leu than i1-00. R~tention of any minimum finance shall be in sddition to service char9e if any. Any lanqvaye elsewhere herein to the contrary notwithstandinq, neither 8ank nw any holder hereof sha11 receive or retain any charge or interest oot ailowed by law. As security for the payment of this note Maker has pledged w deposited with Bank the followinq property: A___ d_. ~ 76 g$ undiv~.d.~ interest _in.._~urtle _Reef__Cond~.__1__as.. recor~ed__ in__t?.R. _Book__250,~_P~e 2931.: - - - - U:~it Weeks 3? a~id 50 in Cor.d. C-5, Apt C 5 as de~crfbed in .snici :r,ortgage - - - ~ - ~ - - - - (includinq all cash, stock and othe. d,v;dends and all rights to subscnbe for secu?ities incident to, declared or qr~nted in connsct;on with such property), which prope~ty, together with ati add~fions snd subst~tutions he?eafre? pledged o. depes~ted with Qank is called the Col- lateral. The Collateral is slso pledged as secu?ity for a11 other liabilities ro 8enk, (primary, secondary, direct, cont;ngent, sole, joint or several), due w to tkcome due or which may be heresfter contracted or acquircd, of esch Maker (or of each Maker and any othar per- son). The surrender of this note, upon payment or otherwise, shall not affed the right of Bank to retsin the Collateral for svch other (iabilities. CREDIT LIFE AND CREDIT LIFE 3 DISABItITY INSURANCE ARE VOtUNTARY AND NOT REQUIRED FOR CRE~IT. Such insursnce tovenps +s avsilabte at the cost designated below for the term of the credih (a) S____ fo? Credit Life In- surance (b) S---._-----------------------------------•-•-------•----••--__-_... for Credit life ~ Disability Insursnce: Chack • .~%I. p Credit life Insurance is desired on ths life of - - Birthdate - ,'7 Credit Life a. ~isabi{ity Insurance is desired on . - Birthdsts - ($7~redit Life and/or Disability Insurance is not desi . ~aro: ____~ls? /31f_-7-~- S~y~aru?e -x----- - ,t_------------- - . "~i - - c~--- Robert Srfaith - ~ ~ . , , Si9nature - ~ ~ • - • " . 2:ardell C. 5~~.~}~ Additions to, nductions or exchanges of, or substitutioos for the Colleteral; payments a? aaount of this loan or increases of tFie ~ same, or other loans made partiafly or wholly upon the CoNateral, msy from time to time be made without affectiny the provisia?s of this note. Bank shall exercise reasonable ca?e in the custody and preservstion of the Collateral to the extent required by applicable ~ statute, and shal! be deamed to have exercised reesonabte uro if it takes such ectio~ for that purposs es Maker she~l ressonably rsquest I in writiny, but no omission to c!o any act not ?Qq,iested by Make? shall be deemed a failure to exercise reasonable ure, end no omis- ` sion to comply wirh eny request of Make~ shall of itself be deemed s faiture to exercise reasonable care. 8ank shall not bs bound to take any steps necessary to preserve any ri~hts in the Cotlateral aqainst prio. parties and Maker shslt take alf necesssry steps for such purposes. Bank or its nominee need not co lett interest on or prirxipat of any Collaterol or give any notite with respetf to it. If the Colleteral shall at any time become unsatisfacto.y to Bank, Maker shall within one day after demand pled9e and deposit with Bank as part of rhe Collsterat additional property which is satisfscrory to Bank. If Bank deems itself insecure, or upon the happening of any of the following events, each af which shell constitute e default here- under, alt liabilities of each Maker to Bank shall thereupo~ or thereafter, at rhe option of P.snk, without notice or demand, become dve and payable: (a) the failure of any Obligor (which term shall mean and include each Maker, endorser, surety, end guarantor of this note) to perform any ag~eement hereunder, to pay inferest hereon within ten days after it is due, or if there be no due date, aher it is billed o? otherw:se requestsd or demanded, to pay any othe? liability whstsoever to Bank when due; (b) the death of any Oblipor• (cj the filirp of any petition under the Bankruptcy Act, or any similar federol or state statute, by or a sinst any Obliyor; an applica- tion fw the appointment of a rxeiver for, rhe maki~g of age neral assignment for the benefit of cr~itors by, or the insolvency of any ObliQor; (e) the entry of a judqement ags3~st any Obligor; (fj the issuing of any anachment or qernishment, or the filing of sny iien, aflainst any property of any Obliyor; (g) the taking of possession of any s~bstantial part of the property of any Obliqor at the instence of any qovemmental authority; (h) the dissolution, merqer, consolidation, or rewganization of ar?y Obliqor; (i) the assiynment by eny Maker of sny equity in any of the Collaterat without ths w?itten consent of the Bsnk. Exh Obli~or hereby waives any reqvirement of - notice or demand roftectin~ such acceleration insofar as such requirement be in addition to the mere exercise of sny remedy afforded in this Note or the institution of svit by the then holder. Bank shsll heve, but sha~~ not be limited to, the followinp riohts, eaci+ of which may be exercised at any time whether or not this ,note is due: (i) to pledye w transfer this note and the Cotlatersl and Bank shsll there~pon be relieved of al~ duties and responsibilities hereunder end relieved from any and all lisbility with resped to any Collateral so pted9ed or transferred, and any pledyee or trans- feree shsll fw sll purposes stand in the plece of Bank hereunder and have all the rights of Bank hereunder; (ii) to transfer the whole w any paN of the Coilste?sl into the name of i~self or its nominee; (iii) to vote the Collsteral; (iv) to notify the Obligws of any Col- lateral to meke payme~t to Bank of sny amounts due or to become due thereon; (v) to demsnd, sue for, collect, w make any compro- mise or settlement it deema desirsble with .eference to the Collsterat; s~d (vi) to teke control of any proceeds of Collateral. Bank is hereby given a lien upon and a security interest in all property of each Obligor now or at any time hereaher in the pos- seuion..of Bank in any cepscity whatsoever, including but not limited /o sny balance or share of any deposit, trust, w sqency accovnt, as the securiry for the payment of this note, snd s similar lien upon and security interest in all suchpr operty of each Maker as security fw the psyment of all other lisbilities of each Maker to Benk (includiny liabilities of erch Maker and sny other person); and Bank shall have the same riyhts as to such property as it has with reapect to the Collate.sl. If Benk deems itself insecure or upon the oaurrerxe of any default here~nder Bank shall hsve the ~oreclosure snd other remedies of a secured parry under the Uniform Commercial Code, w other epplicable Iaw and, without limitinq the generality of the foreqoinq, Bank shall have the riyht, immediately and withovl funher actio~ by it, to set off sgainst this note all money owed by Benk in any ca- pacity to each or any Maker; and if such set off shall occur, 8ank_ shall be deemed to hsve exercised such riyht of set off and to heve msde a charge ayai~st any such money immediately upon the occu~rence of such default even thouqh such charye is msde w entered on the books of Bank subseqvent thereto. Untess the Collateral is perishable o? threatens to decline speedily i~ value or is of a type customarily sold o~ a recoyni:ed market, Bank will yive Maker reasonable notice of the time a~d plsce of any publk sale thereof w of the time after which any private sale or any other intended disposition the?eof is to be msde. The requi?ement of reasonable notice shal! be met if such notice is mailed, postage prepaid, to any Msker et the address qiven below or at eny other sddress shown on the rec- wds of the Bank, at least five days before the time of the sate or disposirirn. Upon dispos~tion of any Collateral after the occurrence of any default hereunder, AAsker shall be and remsin liable for any deficiency; and Bank shsll xcount to Msker for sny surplus, but 8ank shall have the ri9ht to apply all or a~y part of such surplus (o? 1o hold the ssme as a reserve a9sinst) any and sll other lisbilities of each or any Maker to Bsnk. No delay o~ omission on the part of Bank in exe.cising any riyht he.eonder shall operate ss a wsiver of such ~iyht or of sny othsr riyht under this note. Presentment, demand, protest, notice of dishonor, and extension of time without notice are hereby waived by esch er?d every Obligor. The Obliyors, jointly and severally, promise end aqree to pay ell costs of collection and ressonsble attwn~ys' fees (not less then 1096 of the principel sum) incurred or paid by Bank in enforciny this nots upon the acurrena of sny defaulf. Any notice to Maker shell be sufficiently ~erved for all purposes if left upon w pleted in the mail, posteqe prepsid, addressed to tM ptemises at the sddress sho•+vn below or any orher address shown on Benk's recwds. YVherever this note is executed by a co-maker o~ andorser who is the wife of s maker o? e~dorser, the seid wife does hereby ex- pressly scknowtsdps the wirhin debt es her jant end individusl debr. Each of Maker scknowledys:s ?eceipt of s completed copy of this Note on ths sbove d~te. ~ ` Addr ss 36C3. i1.i~~i. 85_~~__AY~~_ ~ - _ ( 4 ~ • s., • - - - - -