HomeMy WebLinkAbout0856 TH~2TI~E REt~.F ASSt~Ci.}~T~S, ,INC. • INtTAIIMENT NOTE `
. ' 9ANK NAME IS~tYt~ alld UIINCYf~)
, o DW: ~L~..u•..j..L 1~ _-Hl- : ' ~ .iZ~-- ~
i
t
NOV . 21 ~ 7fi loan T~rms: _ ;
NeN No. Dahd: . 19
- P.«Nds i.. Z.s-4 z.~x.Q 0.... ~
~ _.Sixty....(6.01. M4n~hs _ _ _ NN~NCE ~ 665. 40 ~
- c~u?~ i . !
. . . - - - -
alter date the unders~gned, here~nafter caUed Maker, jointty and severally pocum~mary f.. ;
prom~se(s) tor value rece~ved to pay to the order• of the~Bank~ at ?ts oltice S+amps
as I~sted above the sum ot (total ol payments)_. . Cndit tih (or life ~
~THREE__THOU3AND_..F~GN'~Y-~Z~._.A~ND... ~.QI-~~5~._.....-----•- d~ ~isabllity) Ins.i ;
VifiBi ~iiiifN[i% .
. ~ - - Dollan ~
1~ _ - ~
with interosl lherson ~t ths rab of 9f~ ps~ ~nnum, ail p~yable i~
-----.---~.Qmonfhly i~stailmems of s. 44 exh on tM ST. day af = _ - :
each suaessivs ~nonth comm~nti~q oe ~~C .~.1 . 19 toqerMr w~~h t - . . '
a BAItOON PAYMENT OF i---- . NONE_ p~ _ _.X }
. ~
_•.4.._1._0~... ~
. . - - _ ~ . fINANCED = .
A fine canp~ted at the rste of s.05 pe. 51.00 0~ each instal~ment in defavlt lor ~~~atety collect~d
a period in excess of 10 daya may be cha~pe~} ~he Maker. No s~ch f~~+e shsll ezceed ~fiar s it ~
i5.00. Msker is rcquired to pay all co~t: 01 colleuion, inclvdinq a reaso~able anor- 9e emits) :
~Y's fee if reterred for collecrion w le9sl p?oceedinqs. All payments. whether prin• _ . .
cipal, interesr a otherwise. nof reteived whe~ due shall heu inrerest st 1096 pe. i.... . - i
. .
ennum from due date until pa~d. Atl payments made hereunder shaQ be cred~ted ANNUAI PERCENTAGE RATE
iirst ro interest, then to Iawful cha?pes ~hen accrued, and Ias+ to p.in~ipat
If the losn is prepaid in iull, accelerated w•efi~anced, ths Maker shsll ss d ~he d~te of such event receiv~ tuch refund of th~ un- i
earned portion of the credit life insurance premium snd iinance cha~ge and svch other cred~t ss m~y be rpuind by law a ~s n?~y D~ =
necessary to avoid usury, provided that the Ho!de~ may .e~a~n a minimum finante Ch~rqe o1 s45.00, wh~rher w not oth~rvvis~ ~arrnd, ;
and except i~ the case of s refinancin9, no finar.ce cha.ge or premium refund shall be mede if it amw~ts to teu th~n =1.00. R~ttntion
o( any minimum finance shall be in addition fo service charge if any Any languaqe elsewhere herein to IM contr~ry notwithslsndi~q, ~
neither Benk nw any holder hereof shall receive or retain any charqe or inte?eu not allowsd by Isw. -
As secvrity for the paymsn~ of this nore Maker hss p~ed9ed w deFOS~fed wirh Bsnk th~ fo!Iowlnq property: A n= n 3fi~ a sn~? videc~
interest in... Turtle Reef c:ond. I, recorded in ~.R. Book 250, Pa~a 2931 ;
- - - _ - - - _
- - -
.._._Uni.t,_~eeka40 .in C~}nd. C]~ Apt, _~to, c_-.I . as_~d~scr_ibe3 in said ~mort age. ~
- - - - . 9 .
(includ~np sll cash, srock end other d~v~dends and all .~ghts to subscribe /or secu~~t~es ~nc~dent to, declsred o. granted in conn~ct;on with i
suth propeAy), which properfy, together wifh ali add~tions and substiruripns he+eafter pl~ged pr depps~r~ with 8ank is called the COI-
I~teral. The Coltateral n also pledged as securiry tor e~l oMe? liabili~fes to Ba~k, (pnmary, secondary, di~ect, contin~enf, sol~, jpint w
several), due or to become due or whi~h mAy be he~lafflr to~fr~ted or atquired, of each Msker (or of exh Make~ and any other per-
son). The surrender of rh;; erote, upon pevr+~ent w othe.w~se, shall not af/ecr the ~ighe of Bank to retain the Collateral iw such otMr
liabilities.
CREDIT IIFE AND CREDIT IIfE 6 OISABIIITY INSt1RANCE ARE VOIUNTARY AND NOT REpUIREO FOR CREOIT. Such insur~nc~ i
coverpe ~s availabls st the cosl des~pnatcd below for the term of ihe c~ed;t: (a) i fw Credit Lifs In- :
~ wrance (b) S _ . for Gedit life 3 D~sabiliry Insurance: •
/ U?etk ~t
Appl. Q Credit life Insursnce is desi?ed o~ the liie of -
- - _ _ - - - - -
~ .
- - - - - . . _ . BirtF+date . -
~ _ . _ . - - .
g` G ~ Credit life 3 ~isability Insvrsnce is desved on I
` ~ ~ - ~ . - Birthdate _ _ _ ,
- - - -
v, (~j ~ a [~Credif life sndlor Disabilify ~nsurante is not desire~. i f-. .
3 N ~ ~ . _ . . -
~ ~te: ---------'jQY... --~11 ~.9.76 Siqnsturo - •=~~i.~~~-~t~, ~z"r Thoma~ W. af1Ch
. ~ , . - :
~ a' L? Si9naturo X. _.~s~..,r~.- _ Patricia L. Zi1Ch ~
3 V ~ Additions to, reductions w exchanyes of, or subst~tutions for the Collateral, payments on saount of this loan o~ incre~ses of tM
{/~me, q other loans made partiafly or who?Iy upon the Collateral, msy from time to time be made without affecfinq th~ prOVis'wns
, ~ O J
N g of this note. Bank shall exercise reasonable care in the custody snd preurvat~on of the Coll~teral to the extent reqvired by spplFublt
C t~ statute, snd shall be deemed to have exe.cised reasoneb~e care if it takes such sdion for that purpose ss AAaker shell reasonably reqy~st
~ ie+ writi~q, but no omission to do any ~ct not requested by Maker sha~~ be deemed a failure to e:e~cise reasonable care, and no omit-
„ sion to comply with any requesr of Make. shall of itsetf bs deemed a failure to exercix reasonable ure. Bank shall rwt b~ bound fp -
~ take sny steps necessery fo preurve eny rights in the Co~~aterat against p.io. psrties and Nleke. shall take efl neosss~ry steps for such ;
purpoxs. Bank or its nominee need not ca~lect interest on o. pr~nc~pal of any Co~larerel or give any nofiu with respect to it. ,
If the Collstersl shatl at any time became unsarisfaaory to Bank, Maker shsil within or+e day after demand pledye and deposit ;
with Bank as psrt of the Collarc~al add~t~onal propcrry which ~s sat~sfscro.y to Benk. •
i If 8ank deems itself insecu?e, or upon the haFpening of any of the Iollowinq events, eech of which shall constitute • defauM here- t
~ under, alt liabilities of each Maker to Bank shall thereupon or thereafrer, ar +he option of Banic, without notice or demand, become due ,
and paysble: the fait~re of eny Obliqor (which term shafl mean and include each Maker, endorser, surety, ae+d y~~rsnto~ of this
note) ro perfwm any aQ?eement hereunder, ro pay interesr he.eon withi~ een days after ;r is due, or if there be no due dete, aher it .
~ is bilted or othe?wise requested or demended, to pay any other I~abHity whstsaever to Bank when due; (b) the death of any Oblipor;
~ (c) the filirq of a~y petit~on under ~he 8ank.uptcr Ace, or any s~milar fede.al or stste statute, by or a9sins? eny Obligor; an ~pplica-
i tion for the appointment of a receiver for, the msking of a nerel assignment fw the be~efif of creditors by, o~ the inwlvency of any
~ Oblipor; (e) the entry of a ivd9ement egainst any Obligor; (~the issuing of any attschment o~ ya?nishment, or the filinq of ~~y lien,
( agsinst any property of any Obiiflo.: (g) the taking ot posxssion of any substanriat pa.t of the property of any Obli9w at tM instance
of ar?y gover~mertsl authority; (h) fhe dissolution, merqer, co~sol~darion, or reorqanizarion of any Obliyw; (i) the auiynme~t by any
j Maker of any eq~ity in any of the Collaterel without the wrinen consent oi the Bank. Each Obli9w hereby wsives ~ny requireme~t of _
notice o~ demend rellectiny such accelerotion insofar as such requiremem be in addition to the mere exercise of any remedy afforded in ~
~ this Note w the institution of auit by the then holder. ~
Bank shatl have, but shall not be timited to, rhe /ollowinq fiohts, each of which mey be exercisad at sny time whether a not this
~ note is due: (i) to pledQe or t?ansfer th~s note and the Cstlateral and Bank shall thereupon be relieved of all dvties and responsibilities `
hereunder and ?elieved from sny end a1! liab~l~ty •~rith respect to any Collsteral so piedped or transferred, and any pledqee o? trsns-
; feree shs~l for all purposes stand in the plsce of Bank herevnder snd have all the riyhfs of Bank hereunder; (ii) to t~ansfer the whole
or any part of the Collete?al into the name of ~tself or its nominee; (iii? to vote the Collafe.al; (iv) to notify the Obliqws of sny Col-
~ Isteral to mske payment to Bank of any smounrs due or to become due thereon; (v) to demar.d, sve (a, collect, or make any compro-
mise ar settlement it deems desirabte with re4arcnce to the Colfateral; and (vi) to take contro! of any proceeds of Collateral.
i Bank is hereby yiven a lien ~pon and a security interest in all pioperty of each Obtigor now or at eny time heresher tn ths pos- .
i xssion of Bank in any capacily whatsoever, inctudiny but not limited to any bslance w sh~re of any deposit, trvst, aaye ncy aaovm,
~ as +he security fw the paymenr of this note, and a similsr I+en upon and sec~rity interest in all suchp~ ope~ty oi each Msker ~s securify
€ fw the payment of a11 other liabilities of e~ch Nlaker to Bank (includiny liabilities of eech Maker snd iny other person); and 9ank shall
; heve the ssme riyhts as to such p.operty as it hss with respect to the Collateral.
~ If Bsnk deems ~rself insecvre w uoon the occurrence of any default herevnder Bank shall hsve the fweclos~rc ~~d other romedies ~
~ of a secured party vnder the Uni(orm Commercial Cods, o? other eppliuble law and, without lim~t~nq the qerserality of the forepoiny, "
8ank shall hsve the .ight, immedisteiy and without furrhe. edioe~ by it, ro x? off ayainsr ~his note all money owed by Ssnk in any u-
i pacity to each or any Maker; and if such set off shsll occw, Bank shall be deemed to have exercised s~ch riqht of set off and to haw
j msde a charye ayainst any such money immediately upon the occurrence of svch defauit even thovph such charpe is made or entersd ~
i on ths books of Bank subsequent rhereto Unless the Collsterel is perishsble o. thrsatens to dscline speedily in value or is of a type
cusromar~ly sold on s recoqnized market, Bank will pive Maker reasonable no+ice of the time and plsce of eny pvbtic sak thereof a of
~ the ~ime afror which any p~ivste ss{e or any orher intended dispos~t~on thereof ~s to be msde. The requirement of reasonable notice shaN
! be met if svch notice is ms~lcd, posrsye prepaid, to any Meke. at the address yiven below or at any orhe. address shown on the rec-
ords of the 8ank, st least five days befwe ~he t~me of the sate w disposi~~cm. Upon d~spos~t~on of any Collaterel after the occurrenct
of any defautt hereunder, Maker shall be and remain_ I~sble for sny deficiency; e~d Bank shall account to Maker fw any surplus, bvl
Bank shall hsve the riqht to apply al! w any pen of such s~rplus (or to hotd the same as a reserve syainst) any ~nd atl other liabiliti~s
; of each w sny Maker to Bank. ~
~ No delsy or omission on the par? of Bank in e:ercisiny s~y riqht he.e~nder sh~ll operate as a w~iver of such ripht a oi any otF~
ri9ht ~~der this note. Presentment, demsnd, protest, notice of d~shonor, end extension of time without notice are hereby w~ivad by
~ each and every Oblipor_ The Obliqws, iointty and seve.a~lY, prom~se and pree ~o pay •II cosn of collecrion •nd re~swwbls attorn~ys' '
9 iees (no? less then 1096 of the principel sum) irxurred or paid by Bank in enforc3rq this nott upon ths oau?nnoe of ~ny d~fiuft. -
Any notice to Maker shsll be i~ff~iciently served for •II purposes if kft upon a pt~asd irR~th~ pMil, posbye prtpNd, addnss~d to tM '
~ a.a `
pemis~s st the address shown below p any other ~ddress shown on Bank's r~tads. '
Wherever this note is e:ecured by a co-r+eaker w~ndots~r who is tF~e wife of a mMeM a ~ndo~ser, th~ ;aid wih does henby ~x-
E pressly acknowtedpe the wirhin debr as her joi~N and i~dMdwl.d~M. -
i Eech of Maker acknqvql~dqes receipf of a compltted copy of Mis Not~~h1l•abov~.dw. ; .
~ • ~
. ? • lil~` /I~ :
~ Addrtss:---- ~ . _ ~Z/tr-'-`Q---------•--~=~-'"~-•~---~----=--_--•••--_ (5~+4
`Z'4~2~.-$~P-~th ..bt~. ;
~ Pompa~. Beach, F~.~ Q6Q Thomas W. Z~ilc~t~
~ . _ - ----...---------.._----a~r-~"! vi~r ~~'-ta-----~.f.r.~- --~--~c~! . cs..n :