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Home My WebLink About0842 - ~ . TUEtTt:f. kEFF A5SOCIATI:S , I9C ~t~KKTAt~MENT NOTE ~ 9ANK NAME (~tYfN~ ~Ild UIINtYf~ 4' .O. BnX 518, JENSI::2HB1RXHri j FL. ~ Ou~: ~~~~.~...Z..~. 1~ _81 S 5. 254 . 8._~ LOCAt10N NoN Ne. Dat~d: ~~OV . 21. 19 7b to~n T~rms: 4 122.OG ' PrOCNds f - ._-°•1....-•r-- : NNANCE . - - - --._Sixty. (60) M~nth$ s . 1...1.32,..QQ. - - . . - - CMA~OE • aiter date the unders~gned, here~natter called Maker, ~o~ntly and severaliy pocum~nary t . . ~ promise(s) ~or value rece~ved to pay to the orde~ oi the Bank. at its o(fice S~M+ps as listed above the sum of (total of ayments) . Credit lif~ (or lih • . _ F2V~ TKQUSAND.__TWO UNDRED . FiFTY-FOUR AND_ _ a c~~b~i~ti~ ~~,.s - - . . . - j~^ - Ottia 'lem~za ~ ~ _ _ Doil~ri ' t - _ - - wifh Inle~ssl ther~on ~f ti~ rats of 1~ s OQ °~i per ennum, sll p~yabl~ in . ' f Q.. mo~rhiy inu~llmenfs of t.. 87. 58 exh a+ ~he ~J rL. dey of = ~ ~ ~acA sua~s~ive mo~+th comm~r?cinp o~ ~fL a . 19 7(i . ~oqetl+~? with i - i a BAIIOON PAYMENT OF = . . . NON S_ _ Oue Y _ . . . l9 . _ . _ . ~ FINANC~ = 4 ~ z O ~ - . . .._~...._~._...r...__~_ . A iine computsd at ths rate of =.OS pe. f1.00 on each ~nstat~mem in defeutt for ~para~ely coflected a period in excess of 10 days may be cha.qrd the Make?. No svch fine sfiall exceed , :5.00. Mske~ is required to pay alt costs of cotlection, incl~diny a.eason~ble snor- chuqes (itemize) _ , _ . , ney's fee if reie.red for collecrion o~ le9sl p.oceedingf. All payments. whethe~ prin- cipal, i~terest a otherwese. ~ot received when due shall beer in?erest ae 1096 pe? i-..-.- annum from due date un+il paid. All payments m~de he.eunde~ sha11 be c~ed~~ed ANNUAL PERCENTAGE RATE1Q..._. X. fint to interest, then to Isw~ful charqes then accrued, and Ias~ ro w~~dPe~. If ths losn is prepaid in f~ll, ~cceteroted or refi~anced, the Make. shall as of the date of svch event receive such ref~nd of 1M u~- ~ earned po.tion oE ths credit Ii1e ~n3utinc! prem~um and fina~ce cha~ge and such o~her crsdit as may be ?sqvired by law or at may b~ necess+ry fo avoid usury, provided thst the Holder mey re~a~n a mi~~mum (inence charqe of sZ5.00, whether or r~W othervvise earned, and except tn the csse of a refinancinq, no finance cha.ge or prem~um .elund shall be made if it amo~nts to leu then s1.00. RNiotio~ of ~ny minimum finpnce shall be in addir~on ro serv~ce charqe ~f any Any languaye elsewhere herein to the cont~ary notwith~t~ndinq, neither Bank rw~ any hol~+er hereof shall receive or refain sny charge or interesr not allowed by lew. As secu~ity fa the p~Y~+ent of this r+ote 1Na4er h~s-pledged or depos~ted w~tl, Bank tM follow~.+g e~e~elty ._.A ._~1~~q~ ~1~'1t! ~y~~~ ed interest in... Turtle Reef COnB. I, recorded in O.R. Book 250, Pac;e 2931; - . - - ~ - - ~ ..Unit. _week~. 46 and 47 in Cond C-4, A~t. No, C-4_. as., described.___in aaid ~:~ortgsq (includinq all cash, stock and o~her d~vidends and a!1 r~ghts to subscr~be o. secu.~Nes ~ncident ?o, dectared or pranied in connection with y~qe ~ ~ s~ch prope.ty), whicA p.operry. ~ogerher w~th a1i add~~:ons a~?d s~bst~tutions hereafte~ pledgcd er depos~red with Bank is celled the Col- IateraL The Collateral is also ptedged as secu~~ty for aIl other hab~I~r~es to Bank. (prima?y, secondarY, direct, continpem, sole, joint o+ seve.al), due or to become due w wnich may be he~eefte. cont?acted or acqu~.ed, of each Maker (o? of esch Maker and sny other per- son). The surrender of th,s note, upon payment or otherwise, shall nof affec~ the ?~ghr of Bank to retai~ the Collate?al for such otMr (iabilities. ~ GREDIT LIFE AND CREDIT IIFE d~ DISABIIITY {NSURANCE ARE VOLUNTARY AND NOT REpUIREO FOR CREDIT. $uch i~surante : . covera9e is available at the cost des~ynated below for the term of the ued]t: ia) _ fo~ Credit life In- ~ sur~nce (b) S __.a.._.. _ fo~ ~re~~t Life 6 O~sab~4ty Insurance: _ ~ Check g ~~ppl. Q C.edit Life Insurance is desired o~ the life of ~ . . _ _ - - , ~ ~ $ - - - - . Bi.thdete . - - _ - ~ ; O ~ ~ ~ Cred~t Life 3 D~sablliry Insursnce ~s desi.ed on _ . ~ s• 'v _ N $ 1L - - - Birfhdde - - . _ 3 ~,1 Gedit life and/or Disability Insurante is not ' ` ~ o . . . . - ~ - - - - - . o n- ----;Vov-'-----2-11... 19 T6 s~q~a~~?e ! • ~ " ~ ~ Donald , ~3. ?`~ua...son • :.Lz,.~_ :..~-.'.~fJ " - ~ 3 OV Sip~iture X ??.----~~---...~.r~.arn•r"~ Sandra ~ A~ Ai~~T: SP!1 : ; A Additions to, reductions or exchanges of, or subst~tut~ons for the Collatcrsl, p~yments on aaount of this losn w incr~ases of ths C sart~s, o~ other Iw~s msde pa?fiatly or who~ly upon rhe Collateral, may ~rom time to time be msde without affettinq the provisipns ~ " of this note. 8ank shall exerciu reasonsble care in ehe custody and p-eservatioe+ of fhe Collarerel to the extent required by eppliuble ~ statute, and shall bs deemed to have e:erused reasonab~e csre ~f ~r rekes such action fw thar purpox as Msker ihall .easonably nqwst ~ in writinp, but no omission to do eny act not reqvested by Maker shatl be deemed a failure to exercise rtasonsble cere, ~nd no omis- _ aion to comply with any request of Msker shall of itself be deemed e faiture to exercis~ reasoneble cere. Benk sh~ll not M bound ta tske any steps necessary to proserve any rights in the Coltare?al ayainst.prior parfies and Maker shal~ teke all necesssry sfeps fw such purposes. Bsnk w its nominee netd not collect inte.est on or principaf pf any Collaterel or give any mtice with respect to it. If ths Collatersl shell at sny time become unsatisfacro•y to Bank, Maker shail wi~hin one day afte~ demand pled9e and deposit 1 with Bank as pa~t of thc Collatcra) sdditional properfy which is sar~sfactory to Bank. If Bank deems itself insecu?e, w upon tF.e nappeoing of any of ~he fo~lowiny eve~ts, each of which shall constilufe e default here- ~ under, all lisbilities of each Maker to Bank shali thcreupon or thereafrer, at the option of Bank, wirhout notKe a demand, become due ~ and payable: (e) the failure of any Obligor (which term shsll mesn ar.d include each Make?, endo~ser, surety, a~d yuaromor of this r?ote) to perform any sgrteme~t herrunder, to psy ~nterest hereon w;thin ren days sfte. it is due, or if there be no due date, after it i is billed w othe?wise requested o. demanded, to pay any other liab~l~ty whatsoeve? to Bank when due; (b) the death of eny Oblipo? (c) the filinp of any petition under the Bankruptcy Act, or any similar federal or stare statute, by or against any Obligor; an applica- tion fw the appointrt?ent of a receiver for, the makiny of a gene.al as:ignme~r fw the benefit oi creditas by, or the insolvency of any j pbti9or; (e) the entry of e iu nt sgsinst any Obl~gor; (fj rhe issu~ng of sny anachme~t w yarnishment, o~ the filirq of any lien, ~ f sya inst any properfy of sny ligor; (g) rhe taking of possession of any substantial part of the property of any Obliypr at the inst~nce ; ~ of aehr qover~mental authority; (h) the dissol~fion, merqer, consolidation, o~ reo.ganizstion of any Oblipor; (i) the assiynmenf by any : Maker of any eq~ity i~ eny of the Collstersl without the written conxnt of the Bank_ Each Obligor hereby waives sny req~irtment of ~ ~otice o~ demand reflectiny such ecceleratior? insofar as svch requirement be in addition to the mere exe?cise of a~y remedy ~fforded in ~ this Noro a the institutio~ of suit by the rhen hotde?. Bsnk shatl hsve, bvt shall ~ot be limited to, the followinq riab~s, each of which mey be exercised st any time whether or not this note is due: (i) to pledge o? rransfe. t~is nore end the Collsteral and Bank shall thereupon be retieved of sll duties and responsibilities hereunder and rslieved (rom any and etl !iability with respcct to sny Collateral so pledqed w transfarred, and sny pledpee or trans- ~ feree shall for all purposes stand in the plsce of BanK hereunder end have all the rights of Bank hereunder; (ii) to transfer tiie whole ; or any parf of the Collateral into the neme of irself or its nominee; (iii) to vote the Collatersl; (iv) to notify the Obligors of sny CoI- ; lateral to mske payment to Bank of sny emounts dve o~ to become due thereon; (v) to demand, sue fa, colled, or mske any compro- ~ mise or settlement it deems dtsiroble with .eference to the ~ollateral; and (vi) to take control of a~y proceeds of Collateral. 8ank is he.eby given s lien upon and a secvrity interest in sll p.operty of esch Obliyor now or at sny time hereafter in the pos- session of Bank in any cepacity whetsoever, Fncludinp but not limited to any balsnce a sha?e of any deposit, trust, oraye ncy aaount, ~ as the ssturify fw Ihs payment of this nore, end s similar lien upon and sec~riry interest in elt sucb property of each Maker ss sacurify • fo? the p~yment of all other liabilities of exh Maker to Bank (includinq liabilities of erch AAaker and any other person); and Bank shsll have the same riqhts as ro svch property as it hss with respect to the CollateroL F If Bank deems itsetf insecure w uoo~ the xcurrence of sny defaulr hereunder Bank shsll h~ve the fweclosure ar+d other remedies " ! 04 a sec~red party ~nder the Uni(orm Commercial Code, or othtr appl~cable law and, without limi~~np the yeneraGty of the foreqanq, ~ ~ Bank shell have the riQht, immediately and w~tho~t furthe. action by it, to ut off aya~nst this note all money owed by Bank in sny ca- pacity to esch or any AAaker; and if such set off shall occur, Bank shall be deemed to hqve exercised such ri9ht of set off and to have made s charye agsinst any s~ch money immed~ately upon the occurrence of s~ch default even thou9h svch charqe is msde w entered ( on ths books of Bank subsequent thereto. Unless the Colla~eral is perishsble a threatens to decline speedily in value o~ is of s type . ~ cvstomar~ly sold on a recognized ma?ket, Bsnk will yive Maker reesonabte norice of the ~ime and place of any pvblic sale thereof or of , the t;me after which eny private sale w any other intended diiposition thereof is to be made. The requirement of reasonable notice shall i be met if such notice is msiled, postage prepaid, to any Maker at the address given below or ar eny other address shown on the rec- ' ords of the Bank, at least /ive days be~ore the tlme of the sale or d~spos4t7c+n. Upw~ disposition of any Collsteral after the occvrre~ce j of a~y de~eult hercunder, Msker shalf be and roma7n t~abte fw any de(iciency; and Bank shall account to Meker (w any surplus, but Bank shalf have the riyht to apply all o~ any par? of s~ch surplus (or to hold the same as a reserve spainst) any and all other liabiliti~s of exh or any Msker to Bank No delay or omission a~ the psrt of Bank in exercising eny right he?evncler shsll operste as a wsiver of such riyht or of any other ; ripht under this note. Presentment, demand, protest, not~ta of dishonor, and extension of time without nor~ce are hereby waived by each ~nd every Oblipor. The Obligon, iointly and severally, p.om~~a and ayree to pey ~II costs of co~fection and reasonsble ~ttorneys' ' fees (not tess than 1096 of the principal sum) incurred or pa~d by Bank in enfwtiny this note upon the occurrence of sny default. Any notice to Make. sh~Il be suffic~ently served for atl purposes if IeR upon w placed in the mail, posfspe p~epald, addrass~d to tl» ; p?emius at the sddross shown below a sny orhe? addreu shown o~ Benk's ~ecords. ; Whe?eve. rhis note is execured by a co-maker or endorser who is the wife of a maker or endorser, the said wife does hereby ex• • pressly acknowledye the within debt ss her jant and individwl debr. , Each of Maker xknowt~dpN receat o~ ~ comptsted copy of ~hb rbt~-ar~•thr ~bow ~ f 1 - ~ , ' Address: _ ~ ' • - ' ` ' -7-~-44-- - ^ ~ ~~~t =r - ` ~f I~~~e -~}~d-; ---.O,~d - . ' Mirdma~.Q ~ ~ -.DOn 2d B,, Ac~ . son Bfk3iIGf~llit--~i -_._..~r:2~'.~=~-------='~--------=a~1•~- - - - - (s.aq ~