HomeMy WebLinkAbout0552 ~ : ~ ~ ~ - : =~~c~~r;~~~ ' ' : ' lNiT1LLl.MENT MOTE , - ~ - ` '
0/?NK-NAME--~,:-- :i' ' „ IS~cv?MI and t~na~cuhe~ _ .,i
P. - O. 8WC' N?, . JENSEN BEA~CN, ' FL: ~ 934y~ " ~ ' ' _ ~ November 16 81 = 7. ~ 13. 20 • - _ _ ~ . ~ ~ ; _
. - I.OCATIOM-; - _ _ . _
1~M,= ~ ' Dai~Novae~her~16.-1~~~ _ 't,,M,T«nn. = :
. . . . - • ~ - - - . - • . - ?~oa~ds i _`.ta~Q~Q:.___- - -
~ _ - . fINANtE - i _.1.t620,04 - - _
• ~ Qi,ct~r ~6A~'Men . . . . : -
. . CNARGE - _
after dst~ tM und~rsignad. h~ni~attK'tall~d Maker. jointty and sav~rsUy: Oocvn~n~~r~? i'-~~ il~~
promise(sj for valw muiwd to pay-to tM orderof ths Bank. at its olfice ~ ~+TP~ . - ~ _ _
as list~d aDow tht sum oF (tobl ot payme~ts)._^.~._.__._.... =~Oi~sability) lns.i t7~?
S~v~ th4u~~€.i,~t h'undr~d,~thirteen and 20?100 ~ -
- ~ • - - ~ ~ - odt..s od+w f ir•~ni~.) • - :
= non~ . _ _ . _
wi~h ieNrut tM~wn ~t tM raN of 1Qa~Q-.r.-.~-% PK anrwm. all paya6l~ ie _ -
momhy ~ror.~k~nn of ~12e~s~~:. ..~h w+ in. d.r of Loan F~es s~nonf ~ ~ ~
Nth suoo~ss~w n+onlh ~~q osl@GO~b~.... 19.~ toW~F+~r with ANiOIlNT
~ S/11100W PAYMENT OF =---AOAl------ Du~ 19 . NNANC~ s~893. lf~ ~
A fiM ooenpund ~t ~M rat~ of :.OS pK =i.00 a+ e~ch i~st~l!n+~nt in d~faul? for ~~r~My coll~cted -
• p~riod in ~xc~ss of 10 d~ya nwy b~ cha~q~d tl+~ Maka. No such firw shaU ~,cce~d _ rha.~s Gt~rniz~)-s . _ .
fS.00. Mak~? is r.quind ro pw all cosn oi oollacrion, includinp a nasonabit anw- , . - -
~ rwy's f~ if r~f~rhd for ooli~ction w Ipai proa~din~s. Ali payrtKnts, wh~the~ ptin- ~i
cipal, inMr~sf w dlrrwis~. not npiv~d whtn dw sMil b~ar intt~eat a1 )0'K pe~
an~win from dw dat~ w+tit p~~d. All payn+~~ts enad~ 1+~rew+d~r shait be usditsd ANNtiA~ PERCENYAGi RATE %
fint to intenst, tMn to lawful ch~rp~s tMo ~ccrwd, and I~st 1o principal.
If tl+~ foN+ is p«paid in full, aonl~rated w refinaec~d, tl+~ l111~k~r shall ~s of ~M dat~ of such ~wM rec~iv~ such refund of tM wr
eam~d portiw~ of tha endit lif~ insu~ana p~n+iwn and finance ch~rqe +~d such oth~r credir aa m~Y 6e ~aqui~ed by taw a ss may b~
rwqsaay tp ~void uwry, pwided that tM HoW~r m~y rNain • mini~num financ~ charp~ of ~45.00, whetMs w r,at athsmise sarr.~.
and ~xcspl in tM cas~ of ~~tinanurg. no financ~ cMrQ~ o~ p~ernium refund shall b~ msde if it aenovnb to I~ss tMn =1.00. RHention
of ~ny n+inimvm tin~nc~ shall b~ in addition b sKVics du~qs ~f any. Any lanyuag~ elsewAsre h~roin to th~ tont?ary no~withstandinq,
n~ithK 9ank nw any ho1dK t»rwf sh~ll naiw or ntai~ any chu9e o~ intersst not sfbw~d by law.
b s~cv~ify for HN paYnwd oi this not~ IIMIt~r has pl~dqsd w deposited wiM 8ank th~ followin9 P~~~M - -
- t-ot # '486~ ',~tion 2~ ORA~' •$t. •I.uCi! CouA~y= - _ - - ' .
_ . - - _ _ _ -
(ind~dinq sll ts~fi, stodt ind otMr divid~nds~and ~U rpAts to sobscribe fo~ s~curiNes incident to. declared or 9rant~d in connection with
su~h.prop~rty), wbich prap~rty. toyahe? with all additions and substitulions Mreaf»r pledcled w d~posited with Bank is ulled the Col-
IatNal. iM tollat~rsl is also pl~dy~d ~s secu~ity fw all Wh~~ liabilitiea ta Bank. (primary, sacondary. direct, continq~nt, sol~, join~ or
s~wral). dw a to b~corn~ ~e or whid? maY be M~tah~r ca+tact~d or acquind. of ~~ch Mak~ (or of ~ach Maker ~nd ~ny WMr pn-
sonj~ Th~ wrnnder of this nWe, upon p~yrrwnt o! otherwise, sh~ll nW affeN th~ rqhf of Bank to retain the tollatN~l for wch otMr -
liabilitks. - ~ • - -
CREOIT UfE AND CREDIT UfE 3 DISABIUIY INSURANCE ARE VOLUNIARY AND dD( R~UiRE~ FOR CREOIY. Such insuq~+o~
cewraq~ is availabl~ at tM oost d~signat~d bslow for tM t~rm o( tM credit: i__._ lt3a.^__ for Credit Uh In-
su~ana (b) s fa Credit ti(e b Oisability l~wr~e?ce:
-
~ .
A~
_!q c~d~r uti i+,s~+~ ~s d.,~+~a +t,r t~s. os __~__Milliam Brennan F ~~n~
~ _ - _ - _ - 5 16 19 V ._.___--;~CDUt~TY f« _ _
- - - = e~.~,a~n 1_. f - - - -
" . - - ~ T - - CIERR (;i :~WT Cfl~IllT _ ' _ -
~ G.~r lif. ~asabiGnr U?u,.,nc. i: d~si..d a+ - -
- ~ - Binhd~tt - - ~ -
~ - ' .Q G~dit Uh aed/or Dissbilify Insur~ncs is noR desi • - ~ - . .
~ _ . Nov~nb~r 1b~.;~9.76 -~sp~.e„r.~ V X ~iGt~t - - - _
~ - . - - - - _ _ - : sb,,,~ _ william . r. Br~nnan - - - ~ - ' - -
' Additiwu ro, reductions or exchanqes of, or subslihAia+s for the- ~ollateral, psYmen~s on account af th~s lo+n o~ incrssa~s of tM _
.~s+r~. or oth~? loans msd~ pa~ti+lly or who!!y ~pon tl+~ Collatersl, may from rim~ to time be m~de without affectinq the provisions
= of this rw~ Bank shall exarcis~ nasonab4 us~ i~ the cvstody and preservstion of tfie Collster~l to tt+e extent rpvi.ed by spplicabb
_ -st~tuh. ifld f~lall E~ ~lNNd i0 F1~Vf ~XMtlf~ tMfOflabl~ Q/~ if it t~kes such sctior+ fa tM~ purpose as M+k~r shall roasonably nquest _
"'-in wsiNrg, but no oen+uia+ so do ~ny act not rsqu~s»d bY Mske? sM1i b~ d~ernsd a i~i{uro to exercist reasoe?~bk urs, and ao omis- -
sioe~ to oornply wiM~ any ?~quest of Malca: shali of itseif b~ d~en»d a faelvrr to ~x~rciss ~~ason~bk wrs. Bank sh~ll not b~ bound b=
-,,.,.ta~ any si~pa Mce»~y-to pr~strw ary riyi~ts in ti» CoibtNal apainst p~'ar pa~ties and N1~ktr shall hke all neaessary steps for wch _
- ~-purpows. 8ank a in naeninM n»d nW coi{~et inler~st on a qincipa) of any Collater~I a~ive s~y iwtic~ wid+ ?ssOect to it.-
If M. Cotlannl sl+.lt a* a~+r rhr~e- b.ca+,. w~sansi.c~ory ro d.nk, IN~ksr st+all within- ont d+Y ~ft~r demand pbd~ and d~posil - _
~wifh sanft as P+~ of thr Collahr~l dditiana) P~~~11 whitl+ is satisf~ci~ory ro B~nk. - - - -
~ If 8ank dNna ih~1f ins~cwe, or upon the h+ppeninq of ~rqr of tl+c fdlvwin9 ~v~eMs, e~cl+ of which shall constitute a d~fwlt h~rc- . _
~wtid~r, aN li~biliti~s of ~~clrMaker to dsn4 shsitth~rwpa+ w tMrsaher, at Mw optior?.of dank, withov~ notice ot dem~nd, becoms dus
- = and phrabl~: the f~ilun oi ~ny Obliqor twl~icl~ t~rm shall me~n and include e~ Mak~r, cndwssr, surery. a~d q~asntor of this _
- noN) to p~rfonn any ~r~m Mr~unde?, b p~y int~nst FMrcon within ren days ~fte~ it is dw, a if t#+ero be no due d~te, afte. it _
is billd or othMwise ?pwsl~d a? d~+v++nd~l._b Pw +~Y other li~biliry whaao~vK to Baek whsn due: (b) the de~th of arry Obliyor: - .
ih~ fllinp of any pMition u~d~~ tM BsnkruPkY a+^Y s~milar federal w ~INe staWte, by orag •inst sny Obligor, a~ applica-
tien {or th~ appointmern of a racerver fa, the mskinq d a rwrat assignmcc+r for the tcnefit af creditors hy, w the inso~vency af any
- pb~iypr, (~i tM enhy d.+ jud~en~?t aq~insf any Obli9or: l~the i~auinq o! •nv auschmcM or ysrnishn+eM, a the /iling of any liso,
aqa~ent aay prop~Ay of sny OWi9or~ (9l ~s taki~+q of poasession o( ~n~ s~hst~nsiat pwti oi tM p~opeM af sny Obfigor at the instance
oF a~y yovarnener?ts! aWl~onty: (A) M~e dissdWion, merqe., consolidafiun, a reorganusli~w? of any Obliq~: fhe auiynment by any
Nt~k~t of anl/ ~hI in any oF ti+~ CoNateral wit4+ou? 1l+. ~r.:tt... .s t!r gs^}. s..ti ti.~..? ~~.:re: sc~.::a..-.~a~ of
: naRio~ or d~en~nd nfledieg wch accekra~ian i~sof+r u svch requirement be in additiw? lo tht mero exercise of am romedy aHordtd in _
this No1~ or 11k ins~itatia~ of wit by th~ tl+en hotder. - _ . .
' B~nlc ahall haw, but sl+al{ not b~ limited to. the foltowing riohn, each oi which msy M eaKCised N any tiens whett~er or no1 this
saf~ is du~: to Pledyt or trsnifer ffiis nofe and the CaIlsMrsi and Bank ahall thereupon be retieved of all duties and rtspo~sibililies
Mreund~r and reliwed fram any and all liabilily with respect to. any Colletcrst :a pladged or uansierred, snd a~ry pledgee a trans-
{e~K sha~~ fpr purposes stand in the plaoe of B~nL. he.eunder and have all the riyhls o( Bsnk here~nder; (i7 to tnnsfer the whole
or any part of tha Coll~tcral iMO tl+e nart» of +ts~4f a its nominee; fii~ to vote the Collsterat; (iv) to rwtify the Obligor~ of any CoI-
Iateral to make payment to Ba~4 of srry arno~nts due a tu become due tl~c~un; (v) to dcm~nd, s~e fw, collcct, or make a~ compro-
mis~ or s~tt4ement it deems deair~bfe with rsi~rence /o thr .Colfatcrsl; and (vi} to take cantrol of sny proceeds of Collatera .
Bank ts hereby given s lien upon and a aecurity iMcrest in alI p~ope~ty uf each Ot,ligor now ot al any time he~caiter in tfie pos-
stssion oF Bark in any cspacity whatsoevtr, includinq bv1 not limited to any balance w sharG of any deposit, truat, a agenty eccovnt,
as tht s~curity for th~p~y maM of this nott, and a similat lien upon aod secvrity inearest in ~14 stxhpr operty of each Maker ss security
iw the payment of all othsr li~bilities of eacl~ Mak~. to Bank (~ncluding liet,il~ties oi each Maker and any other perwr,); and Bank shatl
have IM sam~ riflhts as to sod? pn~pt~tll as it has with rsspect to thc Coll~tsra{.
If Bank d~sms itstlf ira~cvre or upon tFr a<~rr~nce of any defs~tt he~evnder Benk shall have the foreclosure and olher rsmedies
01 a s~cur~d party under th~ Uniforrri Com.ne!cial Cods, o. other appl~cable law snd, wiihovt limiting the gentrality of the foreqoing,
bank si+all hav~ 1hs riyht, immedisteFy +nd without fu~tlwr action by it, to set off againsf Ihis nott all money owed !iy Renk in any ca-
paciry to tach or any Maker• and if s~d? set off shall oetu~, Bank sh~ll be deer?+ed to have exercised such riyht of set oN and to have
ma.ie a char~e agaimt any wch mo~eY im,medialely upon fhe occvrrence ot ~vch Jetevtf even though such ch~rge is made or entc.cd
• on the books of Bank wbseqvent the~e~o. Unless the Collase~sf is pe~~shable w ~hreatens to decli~,e speed~ly in val~rc a is of s type
c~sromarily lold on s recoynizsd markM, Bank will 9~ve Maker reasonable no~~ce of tF~e time and p{sce oi a~y public sale thereof or of
the ~irr~e ~he~ which aMr pirvat~ sak o~ any othcr intended disposition thcroof is to be made. The requiremen~ of reasoneblc norice shall
be met if sixh notice is maikd, poatag~ p~epaid, to srry Msker ~t the sddresa given be{ow a at any other address shown o~ the rec-
ords of the Bank, at lesst fiv~ days beFwe tfie t~ms of ~he sale or dispos+t~on. Up«+ d~spos~tion of any Colleterat aher fhe occvrrence
o( eny def~v4t hereunder, Nl~k~r shal{ b~ snd rsmain lisbk for any deficiency: and Bank sha11 eccount to Maker fw ar?y svrplus, but ~
bank shill have ti+~ right to apply all w arhr part of such wrplus (o? to hold the sams as a rexrve sgai~s:l sny and sll other Ii~biG~ies
of e~d+ or anY Mskt~ to Bank - ~~a
No d.I.y e. a„tss~w, on rh~ P.r~ of 8.nk in ~x~rcisirp any ri9ht he~~~nde~ shall operste as s waiver oE such right a of any Wfier
~igh: ad~ this ~+ote. Presentment, dem~nd, proles~, ndice of dishonor. and e:tension o! time wi~hovt no~kc are hereby wa'vs~ by `
e~ ~nd ~wrY Gbliqor. Tht Obligas, pintty and sever~IlY, promiss H+d pre~ to pay sll costs o~ cdtrc~ion and reasonabf~ enwne~i
fess (not I~ss rha~ 10'X. of M+~ Wincipal wn+) incun~d w p+id by Bank in tr+forci~q this note up.,n t!~e c:currtnce of any de(ault_
A~y ewtitt to M~kK eh~11 b~ wKitiehtly x.ved fo~ s1{ pv?po~ss if t.h upon c+* ~aaced in the msit, postaq~ p•epaid, edd~essed to the
~+remisss at M+~ ad0~~ss shawn b~low oa ~ny other addnss shown cx~ Bartk's recwds. s_
r---
WMrew~ this nw~ it e:scuted by a CW*N{IN p M~OI3M who is the wife o~ • rruk~r ~w endorssr, the said wife does hereby ~x• _ _
preuly acknowf~dQt t!K witF~in debt as her joiM snd individwl dsbt. - _ '
EacA d M+kN Kk~wwledp~s rsoeipt of • completed oopy of tl+is Noss 1he ~bw~f d~ff.
_ ~~~~e - _ - - _ _ - _ =_X. ~ ee _ _ , . .
- ~ - - + - '~iilli`~am rennan - • . - . - -
- ' .--,_~_~~~Yo~~dc.._:_.].11Q1~..~ ~ _X'~~!~C._~,--~=~- ~ ~ _ ~
Fes »o sns. . . .;t •.:.:~r~, ~ :i . ;Mildred H. Brennan _ • - , _