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Tt~y.teC kc~P.;~ ~6ec~G<,:L~r.d ~ I?tC. - INfTALUM~NT NOTE
. • BANK NAME ~ • I~tYf~ ~Ild ~Ji1NtYHd~
F,OX .6T S, .1fCltbt'Ji ~"+QACh, fE'A• 33457 ta
Dw: -__!_i___ 1~ B..L_ f ~ _ .:-J ~
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LOCATION '
D lwn T~nnf: '
Nob Ne. D~Nd: P aJt_5 . 19 ~6- ~ 15 0 0~
Proatd~ f i
SI'CTY (b0I ~~OKTNS NNANtE = 59a^8Q ,
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after date the unders~gned, hereinafter called Maker, ~ointiy and severally Oocum~rouy : 4?
promise(s) for value received to pay to the order of the Bank, at its oifice S~amps ~
as i~sted above the sum of (total oi payments). . . . Cndit Lih (or lif~ ~ '
_~_-~IW __~!ti~~__4~:~~.~_.~.t4ll'~~4~'.~{_.Q11~._.~Q:x~~j.._..~Q~t~Q............ ~ Oitability) Ins.t ,
. . Oollars OfM~ (itemize) - •
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with iM~nst tF,~rson ~t ~h~ rd~ of __7D•Q~. X pa •nnum, all payabfe in :
.---6~•---- m~thly ~n~ta~~n,er,ts oi 4.S..(t.~ . eah on th~ . 11 day of i...........•--~•------...~-.
~ach suaesaiw month comm~ncirq o~ a
A n?__ .,t1'`. . 19-'1.7. , ~opether wcrh = -
~ BAIIOON PAYMENT OF =._.N~~ AMOUNT : :
. Due -X _ 19 . . .
fiw?wc~ s _.2,.J~C._,1Q...___.
l1 fin~ con+put~d at the r~te of S.OS pe. f1.00 oe~ each in~ts~~ment in d~favtt iw ~~~~~~ly coll~ct~d
a pe~iod in sxcess of 10 days m~y bs ch~rqed rM Msker. No such fine shall sxceed ch~r es ~r
s5.Q0. Maker is rpuir~d to pay alI costs of collecr~o~. ~ncludinp a re~so~sble anor- 9 ~mis~) _
ney'a fae if nfsrred for collttt~on or leq~l p~oce~dinps. Atl paymenfs. whether pr~n- ~
cipsl. interoft or otherwis~, not .eceived when du~ shall besr inrerest at 10?6 pe. s•--•------ : i
annum from dw date until pa~d. Alt payments made hereunde. shatl be c~ed~~ed ANNUAL ~ERCENTAGE RATE :
fint to interest, then to lawf~l charges then ~ccrved, snd las~ to p?~ncipal.
li the loan is prepa+d in full, ~ccelerated or ?efinanced, fhe Maker shall as o~ th~ d~fe of such ewnt r~c~iw such rsfu~d of tM ~n-
a~rned pwtion of tF~ credit life insurance premium and fina~ce ch~.ge and svth otner c.edir ~s may be rpuirsd by taw w as may b~
necessary to ~void usury. provided th~t ~he Holder may ?efei~ ~ mimmum /~nsnce charye of s~5.00, wt+~ther or not otMrwis~ e~rMd,
and except in the case of a relinanciny, no finance cha.pe o. p.emium refund shall be mads if it amounn to less than =1.00. Reten?ioe~
of arr; min~mum lbnarxe shsll be in add~tfon ro srrv:ce charqe if an~. Any lanyusqe elsawhars hsrein to tfif contrary notwithsl~~inq,
neither Ba~k ~or any holder herwf shall r~ceive o. ?era~n any char9e o. ir.reres~ no~ allowed by I~w.
~ As security ~ot 1M p~yme~t of this note Maker h~s pledped or deposited wirh B~nk the followin~ prop~rtyi4__Q..~;~Q4__~~„'T,d.U.(,i~Q.(t
-ui,tehq,~t_:in._._,Tc~c,t-~~:..R~~_~.--~4C~s~....-~~-.!t~Q~L.~ _~ts.._D.,R_.....~i~~..2.~4..._~~3~7,931_._t~---Lni.t :~!ee~6
--44._~n. Concf._ C-12, Ap.t. :yo._C-12, a,a,. d~acl~..i.bed tn..aa~i,~ nto~c,tga~e,.--------
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(includi~p ell cash, stock and othe~ dividerxis and a~l riqhts to subxribe ~a. secu.iries incidenr ~o, dect~red o~ qr~nted in conn~ction with
such p.ope?ty), which prope.ty, toqerher w~th ali sdd~+~ons and svbsr~tu~~ons he.eafter p~edged or deposired with Bank is called th~ Co1- ~
lateral. 1i+e Gollatersl is also p~edged ss securi+y io~ sll othe? liabil~t~es ro Bank, (primsry, seconds~y, dirsct, continqent, sol~, pint w
•eve?al), dve or to become due o. which may be heroafter contratted o? acqu~red,~f each Nl~ker (or of e~ch AAaker and any olher p~r-
~ so~). The surrender of this nota, upon paymem or otherwise, shall no~ afFec?-the ~~p
r~8~nk ~o rerein tha Collate.~l iw such oth~r
tiabilitiet.
~ CREDtT tIFE AND CREdtT LtFE 5 DISABII~TY iNSURANCE ARE vOIUNTARY AN~ tvOi RE~UIRED FOR CREdtT. S~th iniurant~
covera9e is swibb?~ ~t the tOSf desipnated below for the term of ~he credit: (a) i fw Cr~dit lih In- ;
~ surance (b) i . fo? Cred~~ life 3 ~is~bil~ry Insurooc~_
a - - -
~ Check
~ ~ ~ o/?ppl. p Credit life Insurance is desired on rhe tih of . _ _ . _ - -
u > ~ox
a~ ~ p . . Birthdate . . . _ _ . -
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u. ~ C?edit life ~ Dissbility Ins~rance is des~red_on
o v~ ~
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OC G t - Binhdate - - -
y O~ Credit tife and/w ~isability Insursnce is not sir .
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E~ u~ ~c. 5 19X6 Thnma.e C.
~ 3 0 ~/Date: - - -------L--- . Siqnature . --i~.- k'e~ ~2
~ ~ ~ _ ~au.~,ine A. Rech
~ n Sipnntur! ._--.:.•~~[.;.rCi r..~..---'.t~--~-f~--'~•-- - - -
~ Addifio~s to, rsducfions or excha
~ npes of, o~ subsr~tut~ons for the ~ollaterel, paymems on eccount of this loan or incr~as~s cf th~
~n same, or other losns made pa~tia~ly or wholly upon rha Collsteral, msy from time to ~~me be made without ~ff~ttinq the povisions
s of this ~ote. 8ank shall exerc~se ressonable care in the custody snd p-eservatio~ of the Cotlatersl ro th~ extent rpuired by applitabl~ -
~r statute, and shatl be deemed to have exe.c~sed re~wnebie care if ~r ~skes such actio~ for th~t purpose as Make~ iF+ell re~son~bly nqwst
in writinq, but no omission to do any ect not req~ested by Msker shslf be deemed a ~ailwe to exercise re~so~sble c~re, ~nd no omis-
s~on to comply with ar?y request of Meker shalt of ieself he deemed a fa~lure ro exercise reasonable c~re_ Bsnk shell not b~ bound to
~ take any steps necess~ry to p.esarve any nghrs ehe ~ollare.al apa~nst pr~w parfies end Make. shsll take all nec~ss+ry st~ps fa such
purposes. Bank or its nominee need not collect inre.es+ on o? principal of any Colla~e.e1 or qive ~ny notice with rtspect to it.
' If the Collstersl shslt ar any t~me become u• _~tisfado•y to Bank, Maker shait wirhin or+e day after demand pled9e ~~?d deposit
~ with Bank ss part of rhe Coltatere~ addit~onat pr„perfy whFCh is sa}isfacto.r to Bsnk.
If Bank deems itulf insecu~e, or upon rhe i+appeninq of any of the following events, each of which shall constitute ~ defauN Mn-
vnder, ~11 liabilities o1 exh Maker ro Ba~k sheli thereupo~ or thereaf~~r, at !he oprion of Bank, without notice pr demar+d, becom~ due
and pay~ble: (a) the feilure of any Obligor (wh~ch term shalf inean end include each Maker, endorser, svrery, snd qua?amw of this
I note) to perform any ay.eement hereunder, to pay inrerost hereon w~thin ten days aher it is due, or if there be no due date, sher it
~ is bi~led w othe.w~se reQueseed o. demanded, ~o pay any other I;ab~l~ry wharsoev~r ro Bsnk when due; (b) ~M dea?h of ~ny Oblipw
~ (c) the fili~p of any petition unde. the Bankruptcy Act, or any sfmiler federol or state statute, by ore~ •inst ~ny Oblipor; an ~ppliu-
tion for the appointmenr of a receiver fo., the mak~nq of ap~ nerst assiqnment fo. the benefit of creditws by, or the insolvtncy of aMr
pbliQor; (e) the entry of a judqe ment s9ainsr eny Oblipor; (f)j tM issuinq of sny attxhment or qarnishment, or the filinq of ~ny IiM,
~ ayeinsf any property of any Obli9w; (p) the tskinp of possession of any substsntisl pan of the property of sny Oblipor a1 Itw instanct
I of eny povernm~nta! autho?ity; (h) the dissolution, merqer, consolidanon, or reorqanizs~ion of eny pbliyw; (i) the assiynmenf by ~ny
Maker of ~ny equiry in a~y of the Collateral w~thout fhe wrinen consent o/ the Bank_ Each Obli9o. hereby waiws sny reqvirement of
M notite or demand reflectinq stxh sccelerstion insolar ss such requirement be in sddition to the mere exercise of sny remedy ~fforded in
l this Nots w the institution of suit by the then holder.
I Bank shall have, but shall nat be limited ta, the followinq riohrs, each of whish msy be exercised at sny time whethtr a not this
f note is due: (i) to pledqe or transfe? this nore and the Collsrerel and Benk shall thereupon be relieved of sfI duties snd responsibil~ties
I here~nder snd relieved from any and al! liability with respect to any Collateral so pledped or transferred, and iny pledyee or traM-
feree shall fo. a~l purposes stsnd in the place of Bank hereunder and hsve all rhe .~ghrs of Bank here~nder; (ii) to trensfer tF~e whole
or a~ paA of the Collateral into the name of itself o. its nominee; (iii) to vote the Col~ateral; (iv) to notify ?he Obliyo~s of any Col-
late.sl to make payment to Bank of any emounrs dve or to become duc thereon; (v) to dem~nd, sw fw, colled, or make eny canpro-
mix or settkment it deems desirabfe with .eference to the Cotlateral; and (vi) ro tske controf of any proceeds of Collateral.
~ Bsnk is hereby yiven a lien ~pon ~nd s security interest in all prope.ty of each Obliyw now or et any time hereaher in the pos-
stssion of denk in any cipacity whstsoeve?, inclvdinq but not limitsd to sny balante or th~re of any deposit, trust, oraQ~ nty aaount,
ss the secwity fo? the payment of this note, snd s similar lie~ upon +nd security interest in a11 such property of each Meker as securi~
~ fo. the peyment of all wher liabilities of each Maker to Bank (~ncludinq liabilities of exh AAaker snd ~mr other psrson); and Bank sha I
~ hsve the sems riyhrs ss to such property es it hss with reapect to the Co~laterol. _
i If Bank deems itsetf insecure or upon the oocurrence of any default hereunder Bank shell have the fweclosure snd other remedief
j of a setured party under the Uniform Commercial Code, or other applicable law a~d, without limitinq the qener~lity of th~ fotpoinq,
` Bank shall have the ri9ht, im~ediately snd w~thout /u?ther action by it, to set off syainst this rtWe all money owed by Bank in ~ny u-
f pscity to esch a any Msker; and if such set off shall occur, Bank shalt be deemed to h~ve exe?cised such riyht of stt off •~d to h~w
! made a ch~r~s asainsr ~rry suth money immediately upon the occurrence of such default ~ven though such tharq~ is rnad~ ot •nt~r~d
~ on the books of Bank s~bsequent thereto. Unl~ss the Colletera~ is perishsble o. threatens to decline speedity in v~lue or is of a typ~
r cvsromarily to!d on s recoyni:ed msrket, 8ank will 9~ve Maker reasonable notic~ of the time ~nd plsca of any public ssk thertof w of
the time ~fre. which sny private sale or any othe. ~ntended dispos~r~on *hereof is to be msde. The req~~rement of reasauble notice shal)
be met if such notice is mailed, postsfle p.epsid, ro sny Meker et the address qiv~n below or at any othe. addreu shown on the rec-
ords of the 6ank, et leasr five days be~ore the time o~ the sale or d~spos:+~cw+. Upon d~sposition of any Collateral sfter ~he acvrrenc~
` of any defauft hereunder. Maker shall be snd ?emsin tiable fo+ any deficiency; and 9ank shall sccount to Maker for sny svrplus, ~buf
E Bank shall have rhe r~hr fo apply all o. any part ol s~xh surplus (or to hold the same as ~ rese.v~ p~inst) ~ny and all othsr liabit~ties
of e~ch or any Mak~r to Bank.
~ No delay or omission on the pah of Bank in tx~rusiny sny ripht h~reunde~ sh~ll operd~ ~s a weiver of such riQht w of ~ny WMr
reyhf undei this note. P~esenfinent, demand, p?west, notece of d~shonor, ~nd ~xtension of time without rsotiu are hereby w~iv~d by
each and every Obli9or. The Obliqors. iointly and sere.elly, prom~ss and pree to pay all costs of cofledion ~nd re~iaubl~ ~ttwn~ys'
g fess (not less th~n lO1L of the principal sum) incurrtd o. p.~d by Bank in enfo.cirq rhis not~ upon tht occurre~ of any dtf~ult.
` Any notice to Maker shsll _be suffici~ntly urwd fw a!I pwposts if I~N ~pa+ w pl~c~d in tF,~ m~il, postaq~ p?epaid, ~ddress~d to tM
f prtmises ~t the add~sts shown 6lbw w~ny oth~r ~ddreu shown on Bank's records.
~ Wherever this nore ii ex~cuted by • co-mak~r or ~ndo~se~ who is the wife of a maker or ~ndorstr, Ihs said wii~ do~s henby ~x-
f pressty ~cknowl~dqe tM wirhin debe ss her jant ~nd• ind~vidwl debt.
Each of AAak~r acknowteclp~s r~oeipt of a complite~copy of rhis Not~ rhe • d~tl. ~ '
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Ey ~+'inte~. Pcvc». F~'.a. 32~"~"~ PACf ~'~t6 C. Reck
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