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Home My WebLink About0185 , ' - , _ - . CREDIT IIfE AND CREDIT IIFE d. DISABIIITY INSURANCE ARL YOLUNTARY ANG t~QT REQUIRED FOR CRE01T. Such ins~ranu cove,age is avr~ e te t the cost desiynated bebw fo? the term o( the credit: (a) S.. ._.,L~1Qn~-----------_-_-------- r« Credit Lifs In- sur~nce (b) i_ .~-4,_~~~~.--~-_-- fw ~rc~~t life 3 Disabitity Inaurance: ~heck . . ' Appi. p Credit lifs Insuranu is rlesired on ths lih of . ~ 8ox . • , , Binhd~~t pg Crodit Lih 8 Disability Insuranc~ is desired on _---..~1V1~.AR_..Bl1XtOll-----------_. - B~.rhd~r~ 6-25-51 ~ - i p tredit life and/or pisability Insurance is desire~. - - i / /y~ - wr~: -D~~=--3i_ 1_~?G_____ S~ynaturo -------~GG44------~-~-- ~ , Si9natvro ---T---_-- Additioni to, reductions w e~,hsnges of, o? substitutions for the Collatcral, payments on acco~nt of this loan or incre~sK of -th~ f same, or oth~r loans mads partially or wholly ~poo the Collar~ral, may from time to nme bs made wirhout afiecting the ptovisions i of thii nore. Bar.k shall exercise reasonable ca~e in fhe custody and psese.vaNon of the Collaterel to the e:tent reVuired by ~pplic~bk ~ statut~ and shall be deemed to have exercised reasonable care if ~t takes s~ch action Fw that purpose es Makes shall ressonebly request ~ i~ writinq, bvt no pn;ssion to do any act nor requested by Maker shall be deemed a failurc to exercise reasonabte ca~e, ~nd no om;r l s~on ro camply wi~h ~ny requsst of Maker ahall of irxlf be deemM • failure to e:eruse reasonable ure. Bank sh~ll not b~ bound to rake any steps neceasary to p?es~rve ~mr .ights in the ~ollateral s9ainst p.ior parries and Maker shall fake atl neoessary steps for sucA purpoles. Ba~k w its naninee need npt collect interest o~ or printipaf cf any Coilateral pr qive sny notice witfi rppetf to iL If ths Collateral shsll at any 'time become unsatisfactory to Bank, Maker shsll within o~e day aher demand ptedqe ~nd deposit with 9ank as part of ~he Collate.al sddit~onat p~ope.ty which is sat~sfacto.y to B~nk. If Bank deems itself insecure, w upon the happening of e~ryr of rhe followiny events, each of which shelt conatituM • d~f~~lt hen- und~r, all li~bitities of e~ch Maker to Ba~k shetl thereupon or thereefrer, et the option oE 8ank, w~thovr notic~ or dsm~~d, brcprr du~ and payabl~: the fail~r~ of any, Obliyo? (whith term shall mean and include each Maker, endwser, svrey, ~nd quar~~to~ of thii r?o:~) to Wrfwm any egretrrknt h~reunde~, to p~y inre.eat he.eon w;ihir. ten days after it ~s due, w if thtre be no du! dafe, ~fter it is bill~d or ofhe~riss requested or dem~nded, to psY any other Iiabil~ty whsfsoever to Be~k when due: (b) the de~th of ~ny Obliqd: iM filinp of ~ny p~rition w~d~r the Bsnk~uptcy Act, o~ any simitsr federal or stafe statune, by w ayai~st ~ny Obliqor; ~n ~ppliu• tion far th~ ~ppoinrment of • receiver for, the mak~np of aye neral essiynmenr fw the bene(it of crediton by, or the insolvcncy of eny Ob~i9o.: tF+e ernry of ~ judflement ayiinst any Obliyo.: (fj the issv~ng oi sny attachment a garnishmenr, or the filin9 of any li~e~, aqai~?st ~ny prop~rfy of amr Obliqor; (g) the takiny of poss~uion of any substentiel psA of the properry of arry Oblipor ~t the i~st~nce of u+y yovernment~l a~thority: (h) the d~uolution, merye~, consolidarion, o~ reorya~~z~~~on of any Obliyor: (i) tha as:~gnme~t by ~ny MakN of ~rry/ puity i~ ~m of th~ Collater~l withouf tM written consenr of the Bank. Eath CbliyOr he.eby w~ives aMr reqvirtment pf notip or dem~~d nflsctin9 su~ch aaeleration insofa? es such requiremcnr be in addir;p~ to the mere exsrcix of u~y .ernedy ~f{orded in this Nob or tM institution of suit by the tF?eo holder. sank sh~ll Mvs, bvt skall rw~ be lirnited to, the followirg riohts, exh of whith may be e:ercised at any tinn~ wi~ether or no~ this note is dur. (i) to pl~~ or tr~nsfer this not~ and the Collateral and Bank shafl therevpon be relieved of alt dutias ~nd responsibilities htreu~+d~r ~nd reliwed from any and all liabiliry with r~spect to any Coltaterel so pled9ed or transfe~red. and any pledqee or trans- f~rat shall fw ~fl purposes stand in th~ pl~ce of Bank her~ur+der and h~ve •II the rights of Bsnk fiereundcr; (ii) Io transf~r tht whob w arry p~A of 1h~ Collat~ral into tFu ~ame of itself or its nom~nee; (ii) to vote the Coll~teral; (iv) to notify the Obli9ors d uryr Col- tat~rat to mak~ paynwnt to B~nk of any amwints due or ro beceme dw rhe?eon; (v) to demend, s~e for, cotlect, o. mekear~y compro- mis~ or sNtlert~ent i? deerr?s dssirable with reference to the Collaterel; and (vi) to take conrrol of any proceeds of Collater~l. Bank is hereby qiven ~ lien vpon and • secvrity interest in att prope.y of exh Obligor now w at arry ~ime hercafter in tF» pos- -3tuion of Bank in arry upacify wh~tsoev~r, incl~ding but not limited a any batanee o? share of ~ny deposir, tnnt, or agency account, ~s the s~curiry for the p~Yment of Mis rwre, end a similar lien upon snd secvrity inte~e~t in all svch property of e~ch Maker as securi?y fw ths payment of ~II other liabilities of each Maker to 8snk (including liabilities of each Maker srsd arry other penon); and ~ank shall Mv~ 1F+s s~nt riyhts as to s~rch propeny as it has with rospect to the Collsteral. If B~nk deems inelf insac~re or vpor+ tM occ~rrence of eny defaul? here~nde. 8ank stall have fh! ~OtK1pSVrR ~nd pfhK remed~es of ~ sscur~d parry ~nder fht Unifwm Commercial Code, w orher applicable lew and, wirhout I~miring the grneral~~y of the faefloinq, ' Bank sh~ll 1~aw the riqht, immedi~tely ~nd witho~t further action by it, to xt off aqainst this note all erw~ey owad by Bank in ~ny cs- pKity 10 lKF1 OI ~rty AMI[K; and if such set off shsll occur, Bank shall be deemed ro have e:ercised such right of set off snd to h~ve mad~ • ch~.q~ a9~inat ~ny such money immedietely ~pon the occu?re~ce of wch defaul~ even ~houflh wch cF+sr~ ;y made or enrered on th~ books of Bank subspwm ther~~o. Uoless the Collatersl is p~nshable or th.earens to deciine specd~ly in value or is oi a rype csssom~rif~ sold on • rrcoqmzed muket, 8ank will 9ive Maker re~sonable not~ce of rhe time end place of a~y public sale rAereof q of the t~m~ afr~. whith any p~vata s~l~ w~ny other intended disposirion ?he.eof is to be m~de. Ths reqwremenr of re~sonable notic~ shal{ ' ~ t.e mee if atxh notits is m~iled, postaqe prepaid, fo any Maker ~t the address qiven below or ~t •ny o?her add~ess shown on th~ reo- E o.cs cf rh~ ~ank, at teast five days before the r,me of rhe sate a dispos:r;on. Upon d~spos~t~en of ~ny Collare.al afrer the occurr~ncs ~ of ~ny dtf~ult herevnder, Make. shall be ~nd rema~n tiable for any def~ciency: and Bank shall account to Maker }or any su.plus. but - 9~nk ihall iuv~ the ri~i~t to apply all w~ny part of such su.plus (or to hold tl+~ same ~s a rase?ve ~q~inst) ~ny and all other liabilities I of ~acA w~~+y Maker to 8~nk. . ~ No d~l~y p omiuion o~ the part of 8ank in e:ercisinq any riqht hereunder shall operare as a waiver of svch riqht w of any otl~er ~ riyht under this note. Presenen,ent, demand. Proresr, ~otice of dishonw. ~nd e¦rens~on of time w;~hovt .q~~ce are hereby wured by ~ each ~nd w~ry Obliyw. 7M Obl~qori, io~roly and s~verellY. prpr~~ye ~nd agree fo p~Y all cosfs of collecf~on and re~sonable ~nomeyi fees (nof less than 10% of Ih~ principal sum) ~ncurred pr paid by Ba~k in anfprcirq this no~e upon rhe occ~~rtnc~ pf any defa~it. r q Any nohce to Ma4er shall be sutfici~mty s~rwd for all pvrposes if left vpon w placed in the mail, postay~ prepaid, addr~ssed fo th~ ~ premis~s ~r ~M ~ddress shown below a My other ~ddress shown on Bae,k's recads. Wherwer th~s no~e is e:~c~ted by a co+n~k~r or ~ndo.xr who is the wii~ of ~ maker or endoner, ~he said w;~~ doss he~~by p?Kfly KknOwlldpf tFf! wi~hin deW ~s F+er jant and indiv~dwl debt. E~ch of AAaker ~cknowled9~s reaipt of • canpte+ed copy of ehis No~~' abov da~e. - ndd.~:: 1016 T ortuQa s Ave . ~ ' cs..n • a ' A. Bwcton Fort Pierce, Fla. (S~,q _ : . . . BuDX~~3,. P.~. -"'Debbie A. - Buxton . . . . . - = t: - - - - - .