HomeMy WebLinkAbout0458 ~~..~S~~J ~I.~.~H jL•,,M S~__ INSTALIMENT NOTE
~ QANK NAME (S~cund •nd Uns~cured)
PC~T OFFICE_ t~C`X _;'71 J~:: PE~~}~. FL.' . Dur. J~I?s 19 .~2 i 21.~?.:~
i~a~ _
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.~cn~iorv
toao ierms:
No1~ No. ~at~d: _-J~
'~i1~~--24~--. 19 __T2 Pr«eecia = 14~OC0.00
fINANCE i ~1}~~~$
- - - _N~t1etX~.S~~. I`iOt1~18 _ CMAROE
atter date the undersigned, here~nafte~ calted Maker, ~o~ntly and severaily Documemuv i .-~~.1~
promise(s) to~ value received to pay to the orde~ of the Bank, at ~ts ol/~ce u+~+Ps
as hsted above the sum of (total of payments) Credit tite (or life
.._~}~~_~]~Ollgal2~, ~]i~p Zg~TyCjL+@d, I1111@~+•f1YC 8I1d 68~ Disabiliry) ins.i ~Q.QQ
Dollars Ofhet (itemize)
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wjjh interest thereon at ths rste or 9._97 ~ per annum, all payab!e in ~~n Fees = - -;rJ~
_9~---.. morohly instaliment~ of f~21a~.`~ each on Ihe 2~i~1 day of =
_
each waessive month commenc?n~ oe gp~~_ 2fs~ . 19 , toyether wi~h ~OUNT
a BAItOON PAYMENT OF S. . IfOi1@_---- Due . . 19 . . fINANCED 1Q~Ci~.IQ
A fin~ computed st the rata of =.OS per s1.00 on each inslal'ment in defaul~ io~ ~~~arely collec~ed
a period in excess of 10 days may be charqed the Make.. No such (ine ~ha~l exceed ~herfles (~temize)
:5.00. Maker is required to pay all costs of collection, includi~g a~eesonable anor- _
ney'~ fee if referred for collection a leqal p.aeedings. All paymen?s, whe~her prin- _
cipal, intarest or otherwitp, not reteived when dve shall bear +nterest af 10°le P~~ i -
an~um from due date unt~l paid. All payments made hereunder shall be credited ANNUAL PERCENTAGE RATE ,g~9~
first to interest, then to lawf~4 charges then ecvved, and laet to pr~ncipat.
I( the loan is Prepaid in (ull. accelerated or rcfinanced, the Maker shall as of the date oi such event~euive such rafund o4 tM v~- - -
earned por~~on of ~he credit life insuronce prem~vm and f~nance charge and such o?her aedit as may be re~vired by law or as may be
necessary to evoid usury. p~ovidcd that the Holder may ~eta~n a mi n~mum ~inance charqe of i25.Q0, whether or not o~lxrwix esrned,
and excepf in the case of a ref~nancing, no finance cha~qe o~ p~emium refurtd shall be msde if it amounts to less than s1.00. ReteMion
of any min~mum finance shall be in addirion to se?vice charge if anY. Any lanyvaye etse•Hhere he~ein to the contrary ~otwilfistandiny.
~sither Bank nw any holder hereof shall ~eceive o. rete~n any charge or inrerest not allowed by law.
As security fw the paymenf of this note Maker has pled9ed or deposired with Bank ~n~ ro~~oW~+,v ~ooenr: ~9.7.7._He~l~9e,
35' Travel Traileri I.D. ~T"i'70446~ ~nd ReR~l~%dtate ~iorbqage-l.ot 1155~ U.R.t~. '
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(including alI cash, stock and other dividends and all ~ightS f0 SubSC~~bt fOr sKUriti~s incident t0, declared or granted in co~nection with
suth property), which property, tegether w~th ai1 add~rions and subst~tutions hereafter pledged or deposired with Bank is cal?ed the Col-
laferal. The Co~~ate~al is a~so pledged as security~ fo~ all othe? liabili~ies to Bank, (primary, secondary, d~~ed, co~tingent, sole, ~oint or
severai), due or to become due w wMch may be hereafter contraded or acquired, of each Maker (or ol esch Meke? and any other pe?-
son). The surrender of this note, upon pavment or otherwise, shall not affect the rigM ot 8ank to retain ehe Cottate.al fo. such otfier
liabilities.
CREDIT IIFE AND CREOIT ttFf 6 DfSAB1l1TY 1NSURANCE ARE VOLUNTARY AND NOT~~QU,~I~p FOR CREDIT. Such insurance
coverage is ava~lab~e at ~he coil des~gnared below for the ~erm of rhe credit: (a) S D.aVtl 40. C~edit life tn-
surance (b) S _ for Creda lile 6 D~sabifiry Insurance: -
Check
Appl. Credit t+fe Insurance ~s desired on the life of R- F"~f~tla
eoi S10l000 for 96mos. ~
e~~i?,dat~ s~"i~t~?1~' .3Q., .~944. -
~ Credit l~fe 6 Disabi!~ty Ir.surance ~s desired on -
. _ _ _ . _ Bhthdate _ _ _
? Credit life and/o~ Disab~I~ty Insurance is not desired. _ . _
Jar~u~ _ 24 19?7 X ~
Date: _ . XY s Signature - . _ . - : -
Siqnature _ ~'~'~J R~ F~?~C118 _
Additions to, reductions or exchanges oF, or substitut;o~s fo? the Co~lateral, paymenrs on account of this loan or inc•eases of the
same, or other loans made partia~ly o+ wholly upon rhe Coflateral, may from ?ime to time be made withait effeding the p~ov~sions
of this note Bank shall exercise reazonable care the custody and preservat~on of the Collateral t2 ~the, ex~t nt required by appticable
statute, and sha~l be deemed to have exerc+sed reasonab;e care if ~r rakes such xtion for that.purpose as Ma~er sha~? reasonably ~equest
~ in writing, but no omission to do an~ ad not requested by Maker shall be deemed a failure ro exercise reasonable care, and no omis-
I sion to compty with any reQuest o4 Maker shal! of ~tse{f 6e deemed a taiture to exerdse *easanable care. Bank sfia11 not be bound to
' take any s~eps necessary to p+eserve anv r~ghts in the Co!late.al aga~nsr p+~w part~es and Maker shall take atl necessary steps fa such
purposes_ Bank o~ its no~tt~~ee ~eed ~o~ colletl inte~es~ on or principal of any CoHaterat o~ give any noti[e with rcspett to if.
If the Co~~atera~ shalt at anv t~me becwne unsatisfacto.y to Bank. Maker shail within one day afttr demand pledge and deposit
with Bank as part of the Collateral add~uo~al property wh~ch is satisiactory to Bank
If Bank decros itself insecure, or upon the happening oi any of the follo•xing events, each of which shalt constitute a dtfauh hero-
under, all liabilities of each Maker to Bank shall thereupon o. therealter, at ~he optio~ of Bank, without notice or demand, become due
a~d payeble: (a) the failure of a~y Oht~ga~ (vvhich te~m s~all mean and include each Make?. e~do~se~, wrety, a~d guaranlor of this
note) to perform a~y agreqti~nt hereunder, to pay interesf hereon w~thin ten days after ~t is due, o? if there be ~+o due date, after it
is bilted o~ otherwise requEs~ed or demanded, ro pay any o~he. liability wh~tscever to Bank when due; (b) the death of any Obligor;
(c) the filing of any petrtion under the Bankr~ptcy Act, o. any zimifar federal or state statute, by or against any Obligor; (d) an epplite-
tion far tt+e appoinsment of a rece~ver for, the making of a generai assignment for the beneFit o+ credito.s by, or the insolvency of any
pbligor; (e) the entry of a~udgeme~f against any Obligor; (f) the issu~ng of any atrachment or garnishment, or the filing of anKlien,
agaEnst aoy property of any Ob~igo+: (g) the tak~ng of possession o~ any substan~ial oart of tht property of any Obligor at the instance
of any governmentat autho~ity; (h) the dissolution, me~ger, consotidatit~, or reorganizaticn of any Obligor, (ij fhe assig~me~t by any
1~~ Maker of any equity in anv of the Coll~tera~ without the written consen'? of the Bank. Each Ob~igor hereby waives any reQu~rcmen? of
'f notice or demaod reikdinq svch a:celeration ir.so~ar as wch reQU~rement be in add~tion to the mere execc~v! 04 any remedy at(orded in
this Note or the insritution of sv~~ by ~he then holder.
8ank shalt have, but shap not be Iirrnted t~, the fotlow~ng rinh~s, each of wfiich may be exerused at any time whetF.er or not this
'i note is due: (i) to p~edge or transfe~ this note and the Collateral and Bank sha~l thereupon be relieved of aIl duties and responsibilities
4 hereunder and relieved from any and a~t liabil~ty w~t~ respect to any Coliattral so pledged or transierred, and any pler)gee or trans-
i feree shall for all purposes stand ~n the plxe of Benk he~eunder and have a~! the rights of Bank hereunder: (ii) to transfer the whole
~ a any part of the Collateral ~nto ~he name of ~rself or its nom~nee; (iii) to vote ~he Collateral; (iv) :o notify the Obligors of any Col-
lateral to make payment to Bank of any amounts due or to become due therecr:; (v) to demand, sue for, collect, o* make a~ compro-
mise or settlement it deems desirabte with reference to the Collateral; and (vi) to take conrrol of any proceeds of Collatera~
8ank is hereby given a ~ie~ upon and a securiry interest in at! prope~ty o4 exh Obligor now or at a~y time he?eafter in the pos-
stssion of Bank in any capacity whatsoever, including but not ?imited to any ba~ance or share of any deposif, trust, w agency accou~t,
as the seturity for the pav~ni of this ~ose, aod a sim~la• 4ien upon and Secv~ity i~teres~ a1i such property of each Maker as security
~i for the paYment of ail other liabilities of each Maker to Bank (including liabiiities of each Maker and a~y other perso~); and Bank shalt
; fiave the same rights as to such property as it has with respect to rhe Colfateral.
If Bank deems itself insec~re or unon the acurrence of any default hereunder Bank shail have the ioreclosure and other remedies _
' of e sr_ured partv under tfie Uniform Commercial Code, or o~her applicable law and, without limiting the generality of the fwegoing,
' Bank shall have the rigM, imm.ediatety and wifhout further action by it, to set off aga~~st this note all money owed by Bank in nny ca-
paciry to each o. any Maker; and if svch set off sha!! occur, Bank shall be deemed ro have eae.cised such righr of set off and to have
made ~ charge aga~m~ a~v such money immed~atdy upor. the octurrenct of such default even tho~9fi svch charge is made or ente~ed
o~ the bocks of Bank subsequent thereto Unless tne Collateral is per~shable or threatens ~o decline speedilv in vafue or is of a type
~ustomarify sa!d on a~ecogn~:ed market, Bank wiN give Maker reasonab~e notite of the time a~~1 place oi any public sale ihereof o. of
the time after which any private w~e or any other ~Me~ded dispos~tion thereol is ta be made. The requ~~ement of reasonable notice shall
be met if such notice is ma~jed, postage prepaid, to any Make. at the address g~ven below or a~ any other address shown on the rec-
o~ds of the Bank, at least five days before ehe t~me of the sate or d~spes~t7on- Upon d~sposit~on of any Cofla}e.al after the acurrence
of any default hereunder. Make~ shall be and remain I~ab~e for any de}iciency; a~d Bank shall ~ccour.t to Maker for any surp~us, but
Bank shall have the right to apply a!1 w any part of such surplus (or to hold the same as a reserve againsf) any and all othe. ~iab~lities
of esth or any Maker to Bank. ~
No deSav o~ omiss~on on ~he pan of Bank in exerc;sing any right hereunder shall opera!e as a waiver o! sucfi right or of any other
right under this note. Presentment, demand, p~otest, notice of d~s~onor, and e¦te~s~o~ of time without not~ce are hereby wa+ved by
each a~d every 061igo~ The Obligoes, io~ntly and seve+ally, prom;se and ag.ee to pay aH costs of co~lect~on and reasonab~e atto.neys'
fees (not Iess than SO% of the pr~nupa~ sum) incurred or paid by Sank in enforung this no?e upon fhe occu~re~ce of a~y .a•efault.
, Any notice to Maker shaN be wtfiden~4y served for aIS purposes if leit u~+on or pfaced in the mail, postage prepa~d, addressed ro the
' p.em~ses at ~he eddress shown below or any other address shown on 8ank's records.
Whereve: th~s ~+ote ~s executed bv a co-maker o? endoner who ~s the wife o~ a maker or endorser, the said wife dxs hereby ex•
press~y ack~owledye the within debt as her ~aint and ~ndividual debt. ~
Each of Maker acknowied~es receipt of a completed copy o~ rh~s Note on the above dare.
c.R.R., ut. ~-2 x ~ _
Addross: . - ",TK~tii I2. 1`~Z'2a28 _ ~ (Seal)
Jc:nseti 3each, Fla. X i .
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~ E,<. - - - - QC~K~:UJ P,'uE ~~J ~v~cly~ ',~rkus - `
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