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'rURTL~ Rr1:F ~~C.CIAT~S. IN~. ~~'KTAU~MLNT NOTE '
_ • BANK NAME ~ (~tY1~ ~lld UlIiKYf~
P. C? . 8~~{ 6~ 8, JENSFN B~ACF~, FL . Ou~: 1• . 5)_ 7~'?
LOCATI~N
• lo~n T~rmr. ~
NON Ido. O~Nd: NOV . ~ ~ ~ , 19 7 6 Vr«Mds i .~..t. ~ ~
y
- Si_xty_ (_fi0) ._~tontha. _ _ _ . C~R
~ s ----5f6_.44. '
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alter date lhe unders~gned, hereinafte~ called Maker, Jointly and severally pocwn~~~ary =
promise(s) for value rece~ved to pay to lhe order ot the Bank, at 1ts office S~~mps ;
as Iisted above the sum of (total ot payments). . Cr~di1 lih (or lih
YWO THOUS~IND__.SIX__.FiUNDRED _TW~NTY-SEV~:N__.AIdD d~ Dtsability) ins.i '
- - - ~ - - - '
r, . . . . .
~iii ~ i~iii : .
__._..---•---_.L------•-- •---•--t-•-- . _ Dollan v.. a ..s ,
with inter~sl thtnon N th~ ~~q of ...1 O_• 96 W~ ~nnum. all s._.. i
p~Y~ble in !
-------6~.._ monthly installmen~s of t 43.. 79. ~«h on ~h~
I . der of
~ah suaessivs mooth commencinq NOrjF `~1~4. . 1 X~~s • toqeth~. w~th ~OUNT = - . - ,
a BALIOON PAYMENT OF s _ _ Due . . . 19 _ . .
fINANC~ _ . 2.r ~.F.~..~..~.~.~__
A fins tompvt~d at fhe r~te of f-OS pe~ f1.00 on each instel'ment default ta ~~~a1Ny coll~ded
~ psriod in excess oF 10 days may be charged ~he Maker. No such fine sha~1 eaceed ~h~, es ~t
35.00_ Maker is rpuired to pay all costs of coltection, inclvdinq ~ reesonabte anor• 9 em~:e) s
oey's fes if re(erred for colleaion or lepal proceedinqs. All psymems, whether pr~n• . :
tipal, ieterest w otherwist, not received whe~ dw shalt bear inferes~ at 109's Der i---- X
annum irom due date until paid. All payments made hereunder sha11 be credited ANNUAL ~ERGENTAGE RATE
first to i~terest, then to Iswful charqes then accrued, and Iasr ro principal. '
If the loan is prepaid in full, accelerated o~ ~efinanced, the Maker shall as of ~he date of s~ch event raceive svch .ef~nd of ths un-
earned pwtion of ~he cred~t life insurance p.emium and fina++ce chsrge end such o~her cred~t as may be ~equired by Isw a as may b~
necesssry to avoid usury, p.ovided rhat ?he No1de? m~y refa~n e min~mum finence charge af 525.00, wM~her o. r+ot oth~rwise earrnd,
and sxcept in the csse of a ~efinancinp, no finance cha~ge o. p~emium relund shall be made i1 it smounts to lass than =1.00. RNention
of eny minimum linance shsll be in additio~ to se~vice charqe i1 any Any lanqusfle elsewhere Mrein to the contrary notwithstandinp,
ntither Bank rwr ~ny holder hereof shall receive w ~eta~n any charge or intere~t not allowed by law.
As securiry fo~ the paymero of this note Maker has pled9ed o. deposired W~,n e.~k ro~iowl~,y p.~e.ry: A___(? 384 ~ undi.vid
- e~i--intereyt. .in...--,-_- Tur~.~a__Re~~.__Conc?._ ..I.~_reeorde~-- in R. __~ook. _2~O,~Page2293~,
. _ _ _Untt _Weeks45 in Cond. C-8, . Apt. No. C-8 as ~QSCribe~ _in ~aid. mort~ag~.
(includirq alt cssh, stock and othe~ d~v~dends a~d sll rights ro subur~be for secur~~6es ~ncidenr to, declarsd or 9ranred i~ cor~neaion wfM
such p?ope?ty), which property, rogerhe. w~rh ali add~r~ons and subst~rutions he~eaf~er pledged or depos~tcd with Bank ~s ca~led the Cot-
lateial. The Coltateral is also pledged as secu~i~v for att orher liab~iir~es ro Bank, (prima.y, secondsry, direct, continqenr, sok, jant a
several), due or to become due o. w?,~ch may be he.eafrer conr~ected or acq~~red, of each Make~ (w of esch Make? and a~y o~her pe~-
son). The surrender of this note. upon psyment or o?herw~u, shetl no? affect rhe .ight o4 Bank to retain the Collate~el for such other
liabiliti~s.
GREDIT LIfE AND CREDIT IIFE 3 ~ISABIItri INSURANCE ARE VOtUNTARY AND NOT REQUIRED FOR CRE~IT. Such insv?snu
coveraqe is available st the cost des~qnared below fo? fhE te~m of the c~edlr: S _ . . fa ~redit life In-
surarxe (b) S _ - . for Crod~t life b O~sebit~ry Insu.ance:
Chxk ~
~ Appl. ? Credit life tnsurance is dcsired o~ the Gfe of - _ _ _
Box
- - - - - - B~rthdate
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V ~ ~ Credit Life 3 Disabil~hr tnsu.arxe is desired on . . - _ _ _ _ _
~ C Birthdat~. - - -
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~ i~j (~(Credit life •nd/or Disab+lity Insurance is not ued. •
` ss ~i~
O v`~: a\YvS-'-'~~1 ..~.97V 519flAtUf~ ".~=~,d"'+-_ - ---T~111lii ~i ~rP ~ ~J i •
~ -r
~
~ 0 ~ Si9nature - X - ~~,~:L.~.._. I,orraine ~ . 'rt~rE.
C~ O t~ Additions to, reductia+s or exchanyes of, or subsNtutions for the Collatersl, peymenrs or+ account of this toa~ or increases of fiw
O , o. other loans made parliafly or whotly upon rhe Collateral, msy from time to f~me be made witho~t aff~ctinp the provisio~s
~ 3 V this note. Bank shall sxerci~ reasonable care in the custody and p-cservation of the Col~are.al to the e:te~t requirsd by appliubb
plAtute, and shall be deemsd to have exercissd reasonsbie care if it takes such sction for thst purpose ss Maker shall re~son~bly nqwsf
O in writinq, but no omission to do any ed not requesred by Meker shall be deemed a faifure to exercise reason~bk care, and no omis-
~ ~ iron to tomply with eny requesr of Msker shall of itself be deemed s failure to exerux reasonsble care. 8ank shslt no~ be bo~nd to
fake arry steps rxcessary to preserve any rights in the Collateral sg~inst prior parties and Meker shsll tske elt necessary steps fo. wch
~ purposes_ Bank a its nomir»e need not collecf interest pn or principel of any Collate~al o. give an_ notice with respacl to it.
' ~ If the Collsteral shall at any time become unsatisfacto~y to Bank, Maker shefl wirhin one day sfter demand pledpe snd deposit
~i with Bank as part of the Collateral eddit~ona! p.ope.ty which is sat~sfecto.y to Ba~k.
If Bank deems itself insecurc, or upa+ the happen~nq of any o~ ~fie follow+ny events. each of which shall constifute a defeult Mre-
under, all liabilities of each Maker to Bank shall thereupon w thereaf!er, at rhe option of Bank, without norice or dema~d, become due
~nd pay~ble: (a) the fsil~re of any Obliqor (which term shall mesn a~d 'enclude eech Maker, endorser, su.ety, a~d quarantw of this
note) to periorm any aqrsement hereundcr, to pay interest hereon within ten days after it is due; o? if there be no d~e date, after it
is billed w othe.w~se requested or demanded, to pay arey othe~ I~ab~lity whstsoever to 8ank when due; (b) the death of any Obli~o.
(c) the (ilinq of any pet~tion under rhe Benk.uptcy Acr, o. any similar federel or state s~atuta, by orsg sinst any Obliyor; sn applica-
tion for the appointment of a receiver fw, the making of a yeneral assignment fw the benefit of creditors by, or the inwlvency of any
Oblipor; (e) fhe entry of a i~~ ment against any Obtigor; (f) tne issuiny of sny attschment or 9a~nishment, or the tilinq of eny lien,
ag ainst any property of any Obligor; (fl) ?he taking of possession of any s~bs~antisl pan of the property of any Obliyor at the instence
of sny ~overnrt?entat authoriry; (h) the dissolvtion, mer9er, ca+solidar~on, or reo.genizariu? of any Ob~iyor; (i) the assiynment by eny
AAaker of any equity in ~nY of the Collateral without the wrinen consent ot the 8ank. Eech Obligor hereby waives a~y requiremen/ of
notice or demend reflMing such aaeteration insofsr as such rcquirement be in addition to the mere exercise of any remedy ~fforded ln
rhis Noro or the insritution of suit by the then holder_
Bsnk shsll have, but shall not be limited to, tfie following riahts, eath of which may be exercised at any time whether p not ihis
note is dve: (i) to pledye or transfe. this note end the Collateral and Benk shall thereupon be relieved of all d~ties and responsibiliY~es
hereunder and relieved from any and a!t tiability with respect to any Collsferal so pledped o~ transfe?red, and any pledgee or trans-
feree shall (or sll purposes stand in the plsce of Ba~k hereunder snd have all the .iyhts of Bsnk hereunder; (ii) to trsnsfer the whole
w eny pan of rhe Colisteral into the nsme of itxlf w its nominee; (~ii) to vote the Collateral; (iv) to notify the Obligws of •ny Col-
lateral to make payment to Bank of sny emounts due o~ to become due thereon; (v) to demend, sue for, collect, or make an~ compro-
mfse or senlement ir deems desirable with reference to the Collsterol; and (vi) to take control of sny proceeds of Collatera .
8enk is hereby yive~ a lien ~pon and e security interest in all Rsroperty of each Obli~w now p et sny time hereaher in fFK pos-
session of 8ank in eny capatity whattosver, includinq b~t not limited to sny balante a share of any deposit, tr~st, w~qe ncy ~aount,
ss the security for the psyment of this rsote, end a similsr lien upo~ and secur~ty interest in ell suchpr operty of each AAake~ ss security
for the payment of all other li~bilities of each AMker to Sank (includiny liabil~ties of erch Maker and sny other perwn); and Bank shs(1
have the same ri9hts as to such propery ~s it has with respect to the Callateral.
IF Bank deems ~tself insecure o. upon the ouu~rence of any default hereunder Benk shsll have the fweclosure and other remed'ets
of a secured party under the Uniform Commertial. Code, or other applitable law and, without limitinq the qe~era~ity of the fweyoinq,
Bank shall have the right, immedietely and without further action by it, to ut off sqsi~st this note all money owed by Bank in sny ca-
pacity to esch or any Maker; and iF such set off shall occur, Bank shall be deemcd to hsve exercised s~ch riyht of set off and to haw
msde a chsrqe aqainst any such money immediately upon the ocGUrrence af stxh defa~lt even thouqh stxh charqe is made or entered
on the books of Benk subsequent thereto Unless the Collsterel is perishable w threstens to decline speedily in vslue or is of a typ~
customsrily sold on a recoqnized market, Bsnk will yive Maker reesonable notice of the time and pl8ce of any p~blic ssle thereof a of
the time afler which sny private ssle o. any wher intended dispos~tion thereof is ro be made. The requirement of reasa?sbte notics shatl
be met if such notice is meiled, posfage prepsid, to sny Maker et the eddress yiven below or at eny other address shown on ths rec-
o~ds of the Bank, at leesr five da~s be~ore the rime of the sale or disposirirn. Upon d~sposition of any Collateral after the occ~rrenes
I of any defavlt hercu~der. Msker shall be and rema~n fieb!e ~or any deficiency; and Bsnk shal~ account to Maker for sny w?plus, bul
Bank shall have the riflht to apply sll or any part of such s~rplus (or ro hold the same ~s e reserve s9a~nst) any ~e~d all other li~bilities
. of exh o. sny N4ker to Ba~k.
No delsy or omission on fhe pan of Benk in exercisiny sny ri9ht hereur+der shsll oper~te as a wsiver of such ripht or of any otMr ;
.iqht under this nWe. P~esentmem, demand, protest, r~otice of dishonor, a~d extension of time withovt notice are hereby waiv~d by ±
e~ch and every Oblipor. TM Obti9ors, iantly and sever~IlY, Prom~ss and pree lo pay all cosfs of collection and ~essonabte a»uneys' ~
fees (not kss than 109L of the p.irxipal sum) inc~rred w p~id by 8enk i~ enfwarg this not~ upa+ tM occorrenot of ~ny dtfsult. ;
My notice to Maker shall be sufficienrty strved ta all pvrposes if lek vpon w placad i~-th~ maft, postsp~ prepaid, eddrsss~d to tM ~
premises et tM address shown below or any other addr~ss shown o~ Ba~k's ?ecords.
Wherever this note is executed by a comsker or endwser,who is the wife of ~-malc~~ ocsrdws~r, the said wii~ does htreby ~z• s
pressly acknowlsdpe the within debt as her ~oint ~nd indlvidwl debt ; -
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Each of Maker acknowledyes reoeipf of s tanpltted tQpy of "this IVoti Cq dd~'; . t. M. ~
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Pierce~. 3345R--- Wit~.~iare i~'are, f r,
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