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; - ~ COIIAYfRAL DEMAN~ NOTE loa~ Terms:
! Lf / Proceeds s ~
Nots No. Dated: _ ~ .~y , ~9___._._s_ ~ 000'00 7''"'---- -
~ C' i1NANCE ti~ t/G 6-
~ C/~ ~ CHARGE f/~,
i`~~~ 1 G" I~~t~„' lo~ ~ 7~ Compured on 6:'L__- ,
/ Moruhs MaWrity
after date, the undersigned, herei~afte~ called Maker, jointly a sev- p«umentary
erally promise(s) for valw rxeived to pay to the orde? of Fint Nstionsl B~nk oi forf Pi~n~, stamps s~? _ .
h in ker call I t its office at Fort P rce, Flor' sum of - ~~~;t ~ife (o~
i~~.r~p . - - -~.._~_~__..___.Oollan life b Disabil- _ _
with interest thereon at the ~ate of ____9.._____.._.% per annum, payabte at maturiy, or, if ity Insuronce
maturity be mors than 90 deys from the date hereof, payable qua~terly. All payments made pthe~ (itemize)
hereunder shall be uedited first to interest, then to lawful charges then due, and last to •
priruipal. All payments, whsthe~ principal, interesl or otherwise, not received when dus
shall bear interest ai 10°6 per annum from due date until paid. Any language elsewhera s~__~.._._.____
herein to ihe conlrary notwithstanding, neither Bank nor any holde~ hereof shall receive or
retain any char~s or interest not atlowed by law. '
qs security fw the payment of this note Make~ hss pledged o~ depos~ted with Bank . AMOUNT p~i'`
the following iINANCED j -
~ ~
pf~ l"'~ C,~~~ _____~_~-3 Separately tolletted
charges(itemize)
s'~~._ E .L ~`'~C i
s ~
~ ~ ~ ANNUAL PERCENTAGE RATE ~
(including ali cash, stock a.~d other dividends and all rights to subscribe for securities irecident to, declared or granted in connection with such
pro~aerty), which property, together with all additions and substitutions hereafte~ pledged or deposited with Bank is catled the Collateral. The
Collateral is afso Pledfled as security for all othet liabilities to Bank, (primary, secondary, diretf, contingent, sole, joint or several), due w to •
become due or which may be hereaher contracted or atquired, of each Maker (or of eath Maker and any other person). Ths surrender of this
note, upon payment or othenivise, shall not affect the riyht of Ba~k to retain the Collateral fo? such other liabilities.
CREOIT LtFE AN~ CREDIT LIFE E~ OISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIREO FOR CREDIT. Such insurance cove~a~e _
is available a1 the cost designated below for the tetm of the credit: (a) _ for Crcdit Life Insurante
(b) _ for Gedit Life d~ Disabiliry Insurance: . - . - . _
- : . - - . . - . '
Check ~ Credit lite Insurance is desi~ed on the life of ' = - - . - - - - • - ~ - -
Box _ _ . - _ . _ _ 8irthdste - _ - - ' . _ . "
_ _ . _
: - Q Credit tifa b Disabiliy ~Insuranoe is desirod ori ~ - - - = ~ - • ~ ' = - - ~ _ ' - - _
- _ . . : . - : . ' - Birthdate _ _ _ ' _ - _ _ ' : - :3~
~ ~Credit tife and/or Disabiliry~lnsurance is no~ desired. " - ~ • - _ ' • ` ' - " _
`,.'-Q~,f-__ -~~nsturs„/X . - _ - - _ _ _-•~:i,.
Dste~ ~ - , _ _ - ~ - • - - ~ _ - -
_ _ . - . - Si~nstu~e ~ _
" • _ . . ~ : r . , ~ _ - " : . : ~ = , = .
paymenri on account of this loan or i~cieases of the same, or .
Additions to, raductions or exchan~es of, or substitutions for the Coltsteral,~ `
orher toans msde partislly or wholly upon the Collateral, may. from time to time be made without affectir+~ the provisions of this note. 8ank.'
si+all exercise rcasonable cero in the custody and preservation of tfis Collateral ro the extent required by applicable staturo, and shsll be
deemed to heve sxercised reasonable care if it takes sud~ action for that purpose as Maker shall rcasonably rcquest in writin~, but no omis-
sio~ to do any acf not requested by AAaker shall be deemed a failure to exercise reasonable care, end no omiss'wn to comply with any re-~
quest of Maker shall pf itself be deemed a failure to exercise reasonable wre. Bank shall not be bound to take any steps ~sary to pre-
serve arry riflhts io ths G~Ilateral against prior parties and Maker shall take alt necesssry steps for sud~ purposes. Bank ot iK nominee neec~ -
not col~ i~fersst-on or principal of any Collateral or give any notice with respect to it. . - -
- If the Collateral shall at any time become unsatisfactory to Bank, Maker shall within one day after demand pled~e and deposit with 8ank ~
as part of the Collateral.sdditional property wFi~ch is satisfactory to Bank. - - „
If Bank deems ~+sslf iniecure, or upon the hsppeniny of any of the followiny events, each of wtiich shall constitute a default herevnder,
I all lia6i:iries of each Aleker to Bank shall thereupon or thereaRer, at the option of Bank, without notice or dcmand, become due and psyable:
I (a) the feilure of any Obligor (which term shall mean and include each Maker, endorser, surety, and ~uarantor of this note) to perform srry '
agreement l~ereunder, to pay interest he~eon within ten days after it is due, or if there be no due date, after it is bilted or otherwise roquested : j
or demanded, to pay any other liability whatscever to Bank when due; (b) the death of any Obligor; (c) the filin~ of any petition under the .
8ankrupte~ Ad, or any similar federal or state statuts, by or against any Obligor, (d) an application for the appointment of a ~eceiver for, the -
makir?~ of a general assignment for the benefit of aeditors by, or the insotvency of any Obligor; (e) the entry of a judyerr~ent painst any
OEligor; (f~ t~e issuinq of any attachment or garnishment, or the filing of any lien, ayainst a~y ptoperfy of any Obliyor; t9) fhe hkitq of
posseuion of any wbstantial part of thep~ eperly of any Obligor at the instance of any governmental authoriry; (h) the diuolution, merger,
co~solidation, or rewflanization of any Obligor; the auignment by any Maker of any equity in any of the Coilateral without the written
consent of ~he Bank. Each Obligor hereby waives any requirement of notice or demand refleding such aaoeleration insofar aa sucfi require-.
meot be addition to the mere exerdse of any rcmedy afforded in this Note or the institution of suit by the the~ holde~. _
-
~ Bank shall have, but shell not be lim+ted to, the followiny rights, each of which msy be exercised at any time whether or'not this note. u~
is due: C) to pied9e or transfer this note and the Cotlateral and Bank shall thereupon be relieved of all duties and rosponsibilities hereunder
and relieved from arry and all liability with respect to eny Collateral so pled~ed or transferred, and any pledqee or trarnferee shall for all
purposes stand in the place of Bank hereunder and have all the rights of Bank hereunder; (ii) to transfer the whob or any part of ths Co{-_
~ latsral.into the name of itself or its nominee; Ci~ to vote the Collaterol; (iv) to notify the Obliyors of any Collateral to make paymeM to 8ank
of any amounts due or to bacome due thereon; (v) to demand, we for, collect, or make any aompromise o? settlement it deems desirable with -
referenoe ro the Collateral; and (v~ to take control of any prooeeds of Collaterol. .
Bank is hereby given e lien upon and a securiy interest in all properiy of each Obligor now or at any time hereafter in the possession
of Bank in any capacity whatsoever, including but not limited to any balance or share of any deposit, trust, or agency eccount, as the stwrity
for the payment of this note, end s similar lien upon and secwity interest in all such property of each Maker as security for ihe paymeM of
ell other liabilities af each Maker to Bank Cncluding liabilities of each Maker and any other person); and Bank shatl have the same riflhts as '
to such property as it has with respect to the Coltateral. - _ - , _~t
==.~~~.=1f Bank deerns itself insecure'or upon tha oocurrence of an~ default hereunder Bank shall have the foreclosure ind ofher rernad'ees of a~~~
secured pany under ihe Uniform Commercial Code, or other spp itable law and, without limitin~ the yenerolity of the forspoinp, Bank shall ~
- heve the right, immediately and without further action by it, to set off against this note all money owed by 8ank in ar~y capacity to each or _
eny Maker; and ff wch set off shall oaur, Bank shall be deemed to hsve exercisad such riyht of set off and to have made a char9e ayainst ~
any such money immediately ~pon tfis oavrrenoe of such default even thou~h wch cfiar~e is made or entered on the books of Bank subse- , S
= quent thereto. Unless the Collaterol is perisheble or threatens to decline spaedily in value or is of e type customarily wld on e reco~nined _
~ market, Bank will pive Maker reasonabb notice of the time and plaae of any public sale thereof or of the time after whKh anyp~ ivaro sale or ~
any other intended disposition thereof is to be msde. The raquirement of reasona b le notite s ha l l b e met i f s u c
h notiae is mai l e d, posta~e pre-
paid, to any Maker at the address yive~ below or at any other address shown on the ~ecords of the Bank, at least five days before ths tirrk ~
of_the sale or disposition. Uqon dispoaition ofany Collateral aher the «currenae of any default hereunder, Maker shall be and remain liabte ,
for sny deficiency; and Bank shall sawunt to Meker for any surplus, but Ba~k shall hsvs the riyht to apply all or any pert of suth swplus (ot
= to hold the same as s rexnre a~ainst) eny and all other liabilities of each or any Maker to Bank. ;;.~_:;;~t~;
~ No delay or omfssion on the pait of Bank in exe~dsin~"any riyht iiereunder shell operate as a waiver of sucti ripht o? of arry ~~i~
=und~r this noro. Prosentment, demand,pr
otesl, notice of dishonor, and e~ctensia+ of tims.without notiae aro hereb~~i wa'~ved by '
~ svery Obliyor. Th~ Obliyo~s, ointly and saverally: Promise and ayree to pay all'eosts of oollection and rcasonsble ettornays' fees (not less
than l OX of ths principa1 sum~ incurred orpa id by B,nk in enforcin9 this nate upo~ ths oocurrenoe of any default. Any ootioe to Maker shall .
~be suffidently s
e r v
e d f
o r a 0p~ rposes ff I~ft .vpon•or_ p
laosd tn,ths mail,, p o st
s~ s p r
e p aid_addressbd_to ths premises at the sddress shown _
~bsfow or any other_addross shown on Bank's __?ecords. :..:~i~•_.:~11•°'~~~-=-•~~~''~'~~It'
_'~M~'.^'t:i
~'i~;~:..-'~:~'„"~ ~'.-,,i~'-=,t~' :'rs: ~"~'t 1
` Wherever thii note ii ~xacirted by ~i co~msker oi iridorser who 1^ th~ ~wifs of b a~c~r or endorser ~1he~ said wife.do~s . • t•
~acicriowledQe ths within debt as her joint and individual dsM. s,..~lil ~1=# ~ i' -~1~ •~'~•p
. .:~i~ s 1.: ~ . , ~tt;~~~, ~•~~~...y:3~M'`'i :.~It.~'!i' ~ t=4"°~P.
~!~=E~1 OF ~IISi~cK K~Cf1G~M~l~Qlt f!Cllpf O~ • OOf11p~lfOd OOpy Of 1~1~f NOfA Off tFlf ~OVO dIM._ - - .
c~r . - _ ;;~-i; ~~+-i;! = r ---1~1z _
" ` ~ ' ~ . _ • _ • •
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A~ddress: - - _
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