The URL can be used to link to this page

Home My WebLink About0849 . Z~lY't1E: I~f A3SOC. , I11C. INtTAILMENT NOTE • ' pANK NAME i (SKYffI~ ~MI UQ/KY~ P:t?. Box 613, J4nsen i~eact~, Fl 33'~51 c~.: ,~~t~:_ 1 S* »$.j_._: I.Q~~-aQ ; ~OCAT ION " lwn Tamt: , ; Noh Ne. Dat~d: yoy~~~yr 17, 19 1~. o~«..eb f .5.,5E2..~0,--- ' CMARGE~ ~ . -1-.~?~i...3G----• 3 ~-----~~-'4-~-~~~--~1on.ths.. _ _ ' aftec date the unders~g~ed, here~nafte~ Caned Maker, ~o~ntly and severally Docwn~ntary ; promise(s) lor value rece~ved to pay to the order oi the Bank, at ~ts office Stamp~ as listad above the sum of (total oi payme~ts)_ _ _ . Cndit lih (or Ufs ~ Seven---tho.~sand_.n1n~~1'..~od..3Q1~00---.---.------.~..... ao~~.bnin?~~~:.s ~ . , _ Oollus Othif (itsrtliLi3 . _ . _ ~ - . wifh inter~tf thenon ~f t!?t rat~ of Q. 'X. per annum, ali ~ payable in _ . -~j-.... monthty installments of = ~.8. e+sh o~ ~h~~~~ . day of : : ~ach sua~ssive month commencin9 on~. ~j../ . _ : . 19 . toQe~h~? with . - ~ a BAUOON PAYMENT OF Due " ~ fifQne _ . . . : . - . . ~v _ . riw?Nt~ s 5, ~b2 .:?U ~ - A fine computed at the rate of s.OS per =1.00 on eech cns~al~rnen~ in defau?t ior ~~r~tsly collected a period in sxcess of 10 days may be cha~yed the Make?. No such fine shsll exteed :5.00. Maker is required to pay all costs of collection, includiny a reasonable st+o~- ~harpes (it~m~Ze) _ ' ney s fee if referred for collecrion w leyst proccedir?qs. AII paYmen?s. whether prie+- . ~ cipal, interest or otherwise, not received when dus shall bear i.+terest at 109L per i..__ % ennum from d~e date ~ntil ps~d. All payments made he~eu~der shsll be c.edired ANNUAI'ERCENTAOE RATE j~ lirst to interest, then to lawful charqes then accrued, and last to p~inc~pel. ' Ii the loan is prepaid in (ull, eccelerared or reiinanced, the Make~ shall as o( the date of such event receive such ref~nd of tF+~ un- earned portion of the credit life insurance p~emium and finance chat9e and suth other ciedil as may be requind by I~w w ss may b~ necesssry to avoid usury, p~ovided that the Holder may .era~n s min~mum f~nsnce cha.9e of t45.00, wherher or not oth~rwis~ earnd, and except ~n the case of a re(inancinq, no (~nance charge o? p.emium refund shell be rnade if it amo~nts to less than :1.00. ReteMion o~ ~ny min~mum finance shatl be in addit~a, ?o se?v+ce cha?ye if any Any tangus9e elsewhere herein ro tt+e co~trary nofwith~t~ndinq, neither Bank nor any holder hereof shsll receive or retain any chs.9e o. ime.est not altowed by law. n AS seturity for t. navrr±enf o~ t1.4s nn~r 11l?aker I.aa el~~ ;e~!f ~~e4~ R:nk fF,s { I~~::,:: r.:..:~.~_ a V.0769~_urtdivided interest in fur~le Reef Cond. l, as record'~ in U.fi. Bo~~C, ~~4 ~~age 2~~T...',~rii~£keeks - - - - ~ - L -an n~Cond, _C=5,_ Apt: C=5 as described in- said mortgage:------------ ~ - . _ _ _ _ _ . . . . _ . - - (inctudinp all cash, stock and orhe? dividends and all .ights to suburibe fo~ se:u.iries incident to, decl~red o. g~~nted in connection with such property), which prope.ty, roge+her with all add~~~ons and subs~irur~ons hereafrer p!edqed or deposited with Bank is cslled 1he Col- laterat. The Cot~ateral is atso p~edged as security for a!t othe~ liabil~r~es to Bank. (p~~ma~y, secondary, di?ect, ca+tinya~t, sote, ioint or " seversl), due or to become due or wh~ch may be he.ea~~er contracted or acquired, o~ esch Make? (a of each Maker and sny othe~ per- son). The surrendcr of this nore. upon payment o? otherwise, sha~l ~ot affed the right o1 8a~k tp retein the Collatersl fw such othtr liabilities. CREDIT IIfE AND CREDiT LIFE b OISABIIITY INSURANtE ARE VOIUNTARY AND NOT REOUIRED FOR CREDIT. Such insur~~ coverage ~s availeble at the cost desegnated below fo~ the term of ~he credit: (a) i . fw Credit Lib In. ~ surance (b) ; - _ _ _ - - _ _ . for Credit l~fe 3 U~sabit~~y Insurance: ~ Check ~ f ~x I. ? Credit life Insurarxe is desired on the life of --------r- ' _ 1>. Birthdate _ _ L~ 'l' _ - - - - - ~ ? Credit Life 3 O~sabil~ty ins~rance is des~red on. _ . . _ _ _ ` ,d " . ~ ~ 3 _ - - Binhdate . - - ~ ~ o:' ~ Credit life a~d/or Dissbility Insurance is n desired. . p~ . > 7:. _ - - ~ _ _ .~.o~a ~ste~--------PiO~ce~h8r--17, 1916 s~o~?~fef~s.~.--- - ~~`,et~oge E. R#c~ardson :3 " so~a~~.e ,~.~;;iL+- - .~._._,~w:.~~...~..~~. . - - -Pttli Zis 5. Rici~ard~on - ~ldditions to, ~eductions w exchanges of, or svbstitut~ohs for the Collateral, payments on account of this loan or incre~ses of ths c ~rr~ey o? other Iwns made partistly or whollv upon the Collateral, may from time to time be made without affectinq th~ provisiau pf ttis noro. Ba~k shall exercise reasonable ca.e ~n the custody and preservetion of the Collateral to the e:tent required by appliubl~ 3` V~tatyte, and shall be deemed to have exercised ~easonab~e ca.e if ~t takes such action fw that pu?pose as Maker sh~ll reasonably rpwtt m writinq, but no omission to do any act rot requested by Maker shalt be deemed e failure to exercise reasonabk care, ~nd no anis- ~ ~ion to comply with any request of Meker sha11 of itself be deemed a failure to exeruse .easonsble ure. Bank shalt ~ot be bound tp ~G take any steps necessary to preserve any .ights in the Coltateral aqainst p.iw partiss and ARaker shall take al~ necessary steps fo~ wcfi ~ ,r purpOSes. Ba~k or its nominee need not collect ~nterest on or principsl of any Cotlattral or give anY notice with respect to it. s If the Collsteral shall a? any time become unsatisfacto~y to Bank, Make? shail wirhin one day after demend pledqe and deposit ~ F- with Bank ss part of the Cotlateral add~t~o~al property wh~ch is sat~s~actory to Bank. . if Bank deems itself insecu.e, or upon the F.sppening of a~y of the following events, each of wh~ch shall const~tute a default here- vnder, all liebitities of each Maker to Bank shall thereupon o: thereafter, at the option of Bank, without notice or demand, become due I and paysbte: (s) the failure of eny Obligor (which te.m shaN mean and inciude each Maker, endorser, surety, and yusranta of this note) to perform any agreement hereunder, ro pey interest hereon with7n ren da~s afrer it is due, or if there be no due date, after it is bilkd or otherw~se requested or demanded, to pay any othe. I~ab~l~ry whatsoever to Bank when due; (b) the deeth of ~ny Oblipw (c) the filiny of a~y petifion under the Bankruptcy Acr, or any sim~lar federal or stste statute, by oray ainst any Obligor; ~n spplics- ~ tion for the appointment of a receiver for, fhe msking of s general assignment fw the benefit of creditors by, o~ the insolvency of any : Obliyor; (e) the entry of a judpement aga~nst any Obligor; (f) the issvinq of any ettschment or qarnishmenf, o? the filiny of any lien, E ayainst any property of any Obligor; (q) the taking ai poisessien of any substantial part of the p~operry of sny Obli~ st the instance of any 9overnmentsl autha~iry; (h) the dissolution, merqer, consOlidario~, or reorgartizetion of sny Obli9or; (i) the ~stiynment by any ; Maker of smr eq~ity in sny of the Collateral without the written conunt of the Bank. Eeth Obligor hertby waives sny reqtiirement of ~ nofice or demand reilectin9 suth saeleration insofar es svch req~irement be in sddition to the mere exercise o~ amr remedy afforded in this Note w the institution of suit by the then holder. Bank shsll heve, but shatl ~ot be limited to. ~he following riohts, esch of which msy be exercised at any time whether or nor this * note is dve: (i) to pledye or transfer this ~ote and the Collaterel and Bank shall thereupon be relieved of alI dWies a++d respOnsibilities hereunder end relieved from sny and al! Iiability wirh respecf ~o any Collareral w pledqed pr trensfer?ed, snd any pledpee or trans- feree shall fw sll purposes sta~d in the plsce of Bank hereunder snd heve alt the r~qhts of Bank hereunder; (ii) to trensfer tF~e whok ~ or arty part of the Collaterat into the name of itself or its rominee; (iii) to vote rhe Coflateral; (iv) to notify the Oblipors of any Col- lateral to make payme~t to Bank of any amounts due or to become due thereon; (v) to demsnd, sue for, collect, w meke any compro- m~se or uttlement it dxms desiroble with refererxe to the Collateral; and (vi) to tske control of any proceeds of Colletsnl. Bank is hercby g7ven a lien upon snd a securiry interest in sll property of exh Obliqw now or at any time hereahn in the pos- seuion of Bsnk in any capacity whetsosver, including but not limifed to any balsnce or shsre of arry deposit, tr~st, or sqency ~ccount, es the security for the payment of this note, end s similar lien upon and security interest in sll such p.operty of each Maker es secw~ty for the psyment of sll other liabilit~es of esch Nlsker to Bank (includiny lisbilities of erch Maker and eny other person); end Bank shafl ~ have the same riqhts as ~o such p.operty es it hss with respect to rhe Collate?at. _ ~ If Bank deems itulf insecure or uow+ the occurrence of any defautt hereunder 8ank sh~ll hsve the foreciosure and other remedies ~ of s secured party under the Uniform Commerciai Code, d other applicable ~aw and, withovt Iimit~n9 the generality of rhe fore9oirq, Bank shall have the riqht, immediately and without fu.ther action by it, to set off ayainst this note ell money owed by Ba~k in any u- pacity to each or any Maker; and if such set off shell occur, Bank sha11 be deemed to have exercised such riyht of set off and to haw made s charge agsinst any such money immtdiately upon the occurrerxe of s~xh defa~lt even thouyh such chsrqe is msde o~ entered ~ on the books of Bsnk subsequent the.eb. Unkss the Colleteral is perishable o. threatens to decline speedily in value w is of • rype cusromarily sold on a recognized market, Bank will q7ve Mske? reasonable norice of the ~ime and plece of any public sale thereof w of rhe time afte. which any private sale or any other intended disposition thereof is to be made. The req~irement of reasonsble ratice sMl~ I be met if such notice is mailed, postsge prepsid, to sny Maker at the sddress yiven below oc et any other sddress shown on the tac- o.ds of the Bank, at Ieast f~ve days beEOre the time of the sate or diaposit~c+n. Upon d~sposition of any Co1!steral ~her the acurrerxe ` of any defaulr hereunder, Make. shall be end remain iiab!e fo? any deficiency; and Bank shalt sccount to Maker for any su+plus, but ~ i Bsnk shal! hsve the riyht to apply ell w a~y psN of such surpl~s (or to hold the same, ss a reu~ve s9s:nst) any and sll other li~biliti~s ' of exh a any Meker to Bank. ~ No delay. or omission on the part of Bank in exercising any right he.eunder shsll oper~te as a waiver of such riqht or of arry o?h~r ri9ht under this note. Presentment, demsnd, prorest, notice of disMnor, and extension of tirrN without notice a~e hereby waived by exh snd every Obl~go.. The Obliqors, iamly and severatfy, prom~s~ end aqree to pay all costs of collecrion ~nd ressonabk anwneys' ~ees (not less then 109L oi rhe principal sum) incu?red w paid by Bank i~ enfoKinq this note upo~ the occurrerKe of ~ny defaulf. Any notice to Maker shall be su4ficientFy served for all purposes if kft upon or placed in the m~il, postpe prepaid, address~d to tM i premises at rhe sddress shown betow a sny oiher add.eu shown on Benk's ncwds. ~ Whereve? thi: note is execured by a co-make. or endorur who is the wife of ~ msktr w endorse., tFie ~id wife do~s her~by ~x• ' pressty acknowledpe the wirhin debt as her iant and ~ndividwl debt. . Esch of Maker ~cknowledpes receipt of a complered copy of this IVW~ th~ s ~ ' ± Vot . f . ~ Address: .1;~7.23.__~iTIBQ_.l~dy...------._ . . - . 9~"_'+.~.. (S~a4 Clearwater, F~~~~ , eorgg~~. R1Char son t . . . . ~ . _ - - { . , , ~ cs..o - --~~-~-f~_---~ r..