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~ 'I4J:~i'IE ttF~'' A.S.yOCIIi'I'f~~ I:X:. INtTAtIMENT NOTt
~ BANK NAAIE - (~Y/~ ~IId UIINtV1~)
P.O. BOX 61At J~:L~-'~l ~'Y~ic FT~ORI~A ' x' Du~: ~ L _ 19 81 : 7,~~•;?. 80
LOCATION
t~ No. D,t~d. 1~}(; , 19 '1 ~o.n r.nn~: :
:d. ;r . _ - g 562.00 `
~ - ' Vr«.eds s
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NNANCE 1, ~ 1 ~3.. Yf ~f +
- ~L~ (SO~...MOt'lthll. . _ . CHAR4E ~ .
aite~ date the unde?s~gned, heremafter called Maker, ~ointly and severally Docum~~rary i._......._ `
prom~se(s) for value recerved to pay to the order of the Bank, at its oHice Sramps ;
as hsted above the sum of (total ot payments)_ . . . . . _ . Credit lif~ (or lih '
~~._~~~D..._.'~~
.1II_._`_.i~'1'Y. 1~i~--80/100 _ - d~ Dissbility) ~ns•i . :
. . ~
OtMr (itemiz~) '
. - - . . _ - Oollus . s
•
with i~tenst thenon st tM r~te o4 ZQ • ~Q 9f, per annum, stl p~ysble in
..-,---b~. . monthlY installments o/ i. 11.8.18 esch on t1+~ 1.. day of = ~
each suaeisivs monih comm~nci 1 19 7 7 ~oqs~her w~~h =
~ BALIOON PAYMENT OF . n~~L~ . . . _ . . 19 . . AMOUNT ~
F~~u?NCEO s _ 51562...00.__..
A iin~ computsd et the .ate of s.05 per =1.00 on exh ins?al~nent in daf~uh fw ~~rsrsty caflstted ~
a period in excess of 10 days may be charqed the Maker. No such }~ne shall sxcead
- s5.00. Maker is rpuired to pay all costa of collectio~, includinq a reasonsble ano~- ~har4~s (~remize) : •
ney s tee if nferrad (w collection o~ le9al p.oceedinqs. All paymen~s. whether prin- ~ .
cipal, intere~t or otherwise, not rsceived when due shall bear interesr st lOX per i.._
ann~m from due dete until patd. All ps~ments mad~ he.eunder shall be c.ed~ted ANNUAL PERCENTAGE RATE
fint to interost, then to tawful char9es then accrued, a~d last ~o prfncipaL ~
If ths Ioan is prepaid ~n full, acceleroted or ref~nanced, the Maker shatl as of the da~e of such event nceive such ~ef~nd of th~ un- ~
esrned portion of the credir life insu~ance p~emium and finsnte cherge and svch other credit as may bs .equirsd by law or as may bs ;
necessery ro avoid usury, p?ovided that the Holder may rersi~ a min~mum finsnce char9e of sQ500, wMther or not othe~wis~ ~arMd,
and except in the c~se df a refinanciny, no finance charge o~ p.em~um .efund shall be made if it amo~nti to less than =1.00. Ret~ntion
of any minimum finance shall be in sddirion ?o serv~ce chs?qe it any. Any ia~pusqs elsewhere herein to ths co~tr~ry nofwithatsndinp,
ntither Bsnk nor any holder hereof shall .eceive o. retain ~ny charye w i~terest not atlowed by law.
As security for the parn+en? of ~his note Maker has pledqed or deposited with Bank the followi~ p.op~rty: A.Q.4769$ unciivi.c~ci `
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ixtt~3rp-3t . in_..._... Tl~t]:e . ~eef - Oor?d.--- I r --Y~eooY!eiied 1n _ O. R.- -Hodt - 25 --,--Page _ 2g3 .
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..25. -~r~d 3~--iYi..SX~.d C 6, ..Apt. ~b. CL-6 _as deacaribeci in said ~ao~tgage.-- - `
(inctudinq alf cash, stock and o~he~ d~vide?~ds and aIl rights to subsc.ibe for securitiss ~ncident to, detl~?ed or qr~nted in con~sttion with
suth prope?ty), which propeity, together wirh a!i add~r~ons and subsr~t~,t~ons hereaiter pfedged or depos;red w;th Bank is called ths Col-
- 1~ieral. The Coilsie~al is also ptedged as security tor all other t~abilines to Bank. (primary, seconde?y, direct, continpent, sole, joint or
several), due or to become dve o~ wh~ch may be he+ea~re~ contracted o. acquired, of ea!h Meker (or of each Make~ and sny other pe~-
t~ yonn). The surre~der of this ~ote, upon payment o? otherwise, shatl not affect the right of Bank to retain the Gollateral tor such otF?~r
i~ tiabilities.
+b CREDIT tlfE AN~ CREOIT IIfE 3 DISABIIITY INSURANCE ARE VOtUNTARY AN~ NOT REQUIREO fOR CRE~IT. Such ie+iur~eKe
~pv c~ r~qe is availsble at the cost desipnared below for the term of the cred~t: (e) s . fw Credit ~ife In-
!p` s.,~nce (b) S - _ . . . . for Cred~t Life 6 ~isebitity tnsure~ce,
s~~~~~ ? Credit life Insurence is desired o~ the life of -
. . . _ _ - - - -
Ci ~
~n ( = ~ O . Birthdate . -
_ .
; ~ e"" ? Credit l;ie 3 Disab~lity Insurance is desired on ~
. . _ _ - -
~ ~ O t ~ - - - - - Birthda!e . _ . _ _ . - _ -r ---_..-.t~.,,....._ ` .
3 U« t'~ Credit l~fe and/or Disability Insurance is not des~red. "_:f::., .~l._..:~_'---------= J
~ o ~ ~ _ .
N 1 ` t:+~ ~ _
~
~ [~i
ee -..~.cQ~___t.-...,-__ • ~ ~.a Siqnsture ..~i.---- -y - - ~3~ ~YI.UIUY'
C ~ - Siynatu.e X ~ i ~ : i.! E.~Td 3L'1t1"~O@ 1`~iylc~'
M Additions to. reductions or exchsnqes of. or svbstifutions for fhe Coflarerol, payments on ~aount of this lo~n a increases of tM
i ssme, p~ ofher loans made pa?1ia~lY o? whotly upon the Collate~at, may from time to time be made wifhouf affediny the prpvisions ,
F of this note. 8ank shall ~xeruse reawnabte care in the custody and p~eservation of the Colleteral ro the extent reqvired by ~ppliable
statute, snd shsll be deMned to hsve exerciscd reasonab~e cere if ~t takes such action for that purpose as Maker shall r~asonabFy nq~est
in writiny, but no omission ro do eny acr not requestcd by Maker sha~l be deemed s failure to exercise reasonabte ure, and no omir
sion to compty with sny request of Mnker shs11 of ~tself be deemed e fa~ture to exerc~se ressonable care. Ba~k shsll not be bound to
take aMr steps necesssry to preserve any ~~ghts in the Collate.al against prior parties snd Maker she~l take a~l necessary sfeps fw such
purpoxs. Bank or its nominee need no+ co~lect interest o~ or princ~pal of any Co~laterol or give any notice with respect to if.
I If the Collate~el shall at any rime become unsansfadory to Bank, Maker sheit wirhin ene day afrer demand pledqe and deposit ~
with Bank as part of the Co~~atersl add~t~onal property wh~ch ~s sar~sfactory to Bank
~ If Bank deems ilself insKUre, or u n the i+a nin of an of the followi
po ppe g y ng events. each of which shall constitute a defsult here-
under, sIl tiabilities of each Make. to Bank shell rhereupon or thereaf+er, a~ the option of Bank, without not~ce w demand, become due
and payable: (s) the failure of any Obligw (which fe~m shall mean and i~clude exh Maker, endorse., su?efy, a~d p~arantor of this '
note) to perform any a9reemem hereunde?, to pav ~nterest hereon within ren dsys afser ir is due, or cf tF,ere be ~o due. date, aHer it ~
~ is bitled w orhe.wise reyuesred or demanded, to pay any orhe. ~iabl~ty whsnoever ro Bank when due; (b) the death of env Obli~w;
(c) the iiliny of any petitior, under the Bank.uptcy Act, o. any s~mllar iederal or state ststute, by o? age~nst any Obliyor; (d) an applica-
tion for the appointment of a receiver for, the making of a nerat assignment for the benefit of c?ed~tws by; or the insolvency of a~y
Obliflor; (e) the entry ef a judgement agsinst any Obligor; (~fhe issuing of sny ansthment or gsrnishment, or the filinq of any liln,
eyainst any property of any Obliflor; (q) the tak~ng of posxss~on of any substantial pan of rhe properry of eny Obli9or at the instsnce
of s~y qovernmental suJhurity; (h) the dissolutio~, rt?erqer, consotidatio~, or reorgenizatio~ of any Obliyw: (i) the au~ynmenf by ~ny ~
Msker of any eqvity in any of the Collateral withovr the w~inen consent of the Bank. Each Obligw hereby waives a~ry requirem~nt of ~
notice w demand reflMiny such acceleration insofar as svch requirement be in addition ro the me.e exercise of ar?y remedy afforded in
this Note or the institutioe+ of svit by the then holder. ~
Bank shall hsve, but shall not be limited to, ~he follqwing riohts, each of which may be exercised at any fime whethe~ w not this ~
note is d~e: (i) to piedge w t~ansfer this note and the Col~ate.sl atid Bank shall therevpo~ be relieved of sll duties a~d responsibilities
hereunder snd retieved from eny and al! IiabiGty with respect to any Collatersl so ptedyed or trans(erred, and ae~y pledqee or trans-
feree shall for alt purpous stand in the pt~ce of Bank hereunder and have all the rights of Bank herevnder; (ii) to tra~sler tha whole .
w sny psrt of the Collatersl into the name of itself or its nom:nee; (iii) to vote the Co~lateral; (iv) to notify the Obligors of any Col-
Isteral to make payment to Bank of any amounts due or to become due the.eon; (v) to demand, sue fw, collect, or make any compro-
mise or settlement it deems desirable with reference to the Collateral; and (vi) to take control of sny proceeds of Collateral.
~ Bsnk is he.eby 9iven e lien upon ~od s security inte~est in sll p~operty of each Obligo? now or at any time Mresfler in the pos-
session of Bank in a~y capscity wlutsoever, includinp bvt not limited to any balance w share of any deposit, trust, w apenty aaount, '
as the sK~rity fos the p~yment of this no?e, snd a simila. lien ~pon and seturity interest in all suchp~ ope~fy of e~ch AMker as sKUrity ~
~ fw th~ psyment of all other li~b~liries of each Make. to Bank (including lisbil~ties of erch Maker snd any other person); and Bank shall
have fhe same riyhts as to such property as it has with respect to rhe Collateral.
~ If Bank deems itself insec~re w uoo~? the xcurrence of sny default hereunder Bank shall have the fwecloswe and other ~emedies
of a secured pa?ty under the Unifo.m Commercial Code, or other applicable law and, wirhout limiting ~he yeneraliry of ~he foreqoiny,
~ Bank shall have the ripht, immediately and w~thout funhe? action by it, to set off syainst th~s r?ote ~II money owed by Bank in any u- ~
~ pacity to each or any Maker, and if such set off shetl occur, Bank shall be deemed to have exercised such .iqht of set off sr?d to haw
mede e charqe aqainst any s~ch money ~mmediately ~pon the occ~rrence of such defsult even thouyh such charqe is made or entered
on tF~e books of Bank subsequent thereto. Unless the Colie~eral is perishable w threstans to decline speedily in vslue or is of • type
~ customarily sold on a recoqnited ma?ket, Ba~k will yive Msker ressonable notice of the time and plsce of any p~blic sek thereof or of -
the rime efter which s~y private sele or sny othe. ~ntended disposition thereof is to be msde. The req~i.ement of reasonable notice shall
be met i/ svch no?ice is mailed, posrsge prepaid, to any tilaker at the address qiwn bsbw or st sny othe? address shown on the rec-
o.ds of the 8ank, at least f~ve dsys be~ore the t~me of the ssle a d~spositic+n. Upon disposition of any Collaterel aher the occurrence
j of any defsutt hereunder, Maker shall be and remaln I?ab!e 1or any de(iciency;-and Bink shsll xcovnt to Maker fa any surplus, but
Bank shsll have the riyhr to apply sll or any pan of such iurplus (or to hold. the sams ~s s reserve syeinst) any ~nd stl other liabilities
~ o/ each w any Maker to Bank. "
f No delsy w omission oe rhe part of Bank in exe.c+sing ~ny riyht F»reunder shsll ope~ate as a waiver of such riyht or of iny other
ri~ht under this rsote. Preuntmene, demand, protest, notice o6 dishorwr, u~d ~xt~e?~ion of time without notice are hereby weived by
~ each a~d every Obliqor. The Obli~s, iointly and severally, promis~ and qr¢s to pay atl costs of coltection snd ressonebl~ ~no.ntys'
fees (not less than 10% of rhe prinupal sum) incv~red ,or paid M Baelc in enforcinq this note upon ths occu?rena of ~ny dafault.
Any no~ice to Mak~~ shall be sufficienHy tsrwd fo? rpos~s if kft-upon o. placed in the mail, posqy~ prepaid, addr~ised ro th~
~ p~emises ~t tM addrsss shown bebw or er?y other r~ shown on 8ank's ~ecords.
Whereve. this note is e:etuted by a co-ma ot tntbriK who if ths wife of s maker or ~ndorser, the ssid wife daes hersby ex-
pressly acknowledps the within d~W as h~r Md indivtdwl debr.
! Each of Maker acknowl~s naipl i~ pNNd copy~of this Not~ on~'a )!w+?e dau~ - ~
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Addrt:s: - ' '
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F'o~t . ~i.• ~ 33~9A8 . ~ H3~raud TaY1or .
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