HomeMy WebLinkAbout0695 .NSEN BEACH BA. ~ ' ~
INST/?IIMENT NOTE
BANK NAME (~i~~~ U11NtYf~
40 Commescisl Street, Jen~en Besch. Fls 33457 p~ ,~.~j45 : 8. 032. 80
, I.OCATION ~ ~Vi. `
Na. no. ~•ad: 16 Feb. „T~o o~~a~ ~o«, T.m,.: 5~ b49. 78
Proo..ds =
--•-------•-----3IXTY (60j I~:ONTHS---•--•-- Nw?ntE = 1 716.95 '
CMAROt ---..__.e----._....._.._...._
- 12.15
after date the unde~signed,. hereinafter talled Maker, jointly and seve?ally Oocwrwroary =.._____T._._..____.
promise(s) tor value received to pay to the order ot the Bank~ at its otfice Samps ;
as listad above the sum of (total of paymentsr~~-~_;,---~----__-_~--.. Crodit lih (or Lih ~ 3 3$
-
F.IGH.T_~i~U8,ArI~.TIiIRTY-~~4_~ 80 _~_4_~~_ a a~b~~ih~ ~n~.s ----------__41.:_._..~ ~
Ofh~r(ittmi~) <
. _ Oo11WS i
Int~nst tMroon ~t th~ raN of ~~~a .._..96 p~r snn I WYabk tn ~
~0 nw~?thy Inst,~una,a of s. .~33:88 _~.ec1+ a, th.~~..---- d,,, of t.._..._.___33~~.5~^ F
~ach suocessive monlh coirrnentinp on __.~~~Hlil'C~ 1~fi toysti+K with
None Hj~ ,u~out~
a BALLOON PAYMENT OF =r-----___._--------- Du~ 19 fINANC~ 6 30~• g~J
i
A Hrn comput~d at the raN of s.05 psr =1.00 on each instal!ment in dafault for ~~~~ro~
a pertad in excess of 10 days nMy be d+ary~d tM Meke?. No such fins shall exca~d
=5.00. Maker is requirod ro pay sll cosri of collection, includinp • reason~ble anor- d++~s (itemiz~)
nsy's fee if roferred fw colkction w le9al prooeedlnqs. All p~yments, whethe. p?in-
cipsi, interost or otherwis~. not racsived when dus shall bear interost at 1096 psr i.---------•---•---
annum from dus date until paid. All payme~ts mids hereunder shsll be credited ANNUAL r~CENTA3E RATE i~!
fint to intertst, then to Iswful cha?yes then acausd. and last to principal.
If ths toan ispro
paid in fvil, accele~ated or refinsrKed, the Maker shall as of tM date of sud+ evenf ~~ceive sud+ refuod of ths un-
earned portion of the crodif life insurance premium and financs charge and s~ch otiser credit u may bs reqoirod by law or u m~y be
nacesssry to avoid usvry, provided that th~ 1loider may retain a minimurq finance charye of s2S.00, whether o~ not otMrwise earned,
and except in the case of a rofinancinp, no finance charye or premium rofund sMll bs mads if it amounts to less tMn =1.00. R~tsntion
of ~Mr minimum iinante sh~il be in addifion to senioe charye if smr. Any lar?pu+~e elsewhere hsroie to ihs conir~ry nofwithstandinp.
nsitber Bank ~w any holder heroof shall ~eceive or retain any charge or interest not allowed by law.
As security for the payment of tbis note Make~ Ms pledqed or deposited with Bank the followin~ propsrty: vO~t HO~ 6~~
wiaamiu v~_ge,L_caaaom~nm No.--l --~a
i9~;__ 3i~ ~s.p~~. ira.el ~aites,
Iden __cation No~ --8T52:--------- - -
(intludinq all cash, sfock snd other divide~+ds and all rights to subacribe fw ssturiries intident to, declared or grsnted in toanetlion wifh ~
suchpr
operty), whicb property, together with all additions and substitutions hereahe. pledged or deposited with gsnk is called ths Col-
lateral. The Collsteral ia also pledged ss sec~rity fw all othe? liabilities to 8ank, (primary, secandary, diroct, contirqent, sole, joint o~ :
severeq, due a to become due or which msy be hereafter contracted or acquired, of each Maker (w of esch Msker and amr other per- '
son). The surrender of this note, upon payment or othervvise, shall not affect the right of Bank to retain the Collateral fw such other ~
liabilities_
CREDIT LIFE AND CREDIT IIFE d.•DISABILITY INSURANCE ARE VOIUNTARY ANg~T~QUIRED FOR CREDiT. Suth insurance
coversge is avai~~T:t~ cost designated bebw fw the term of the credit: (e) for Credit life In-
suranoe (b) S-•------------------------------------------- fw Credit life a Disability Insvrance:
~ Check
I APPI. ? Crcdit life Inwrante is desired on the life of
Box
' - - &rthdate
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Donsld E. Belstrs
' ~ Credit life 6 Disabilify Insurance is desired on -a
Birfhdafe ~7~~~,4~-
,
' ? Credit Life snd/or Disability Insuranae is n sir
- • -~-t!•-~s~
16 Feb. 197T • 1-
Date: ~9naturo - z~ ~ ~J~
; DONALD E. BE~sTRA---~~'
Si9naturo
Additrons to, reductions a e:chanpes of, w substituYwns for tlx Collateral, payments on aocount of this loan w incmases of the '
ssme, w other loans made partislly or whoty upon the Collateral, may from time to time be msde witFqut affectinp the povisions
of this note. Bank shall exercise reasonabk care in the c~stody and preservation of the Collateral to the extent req~ired by appliuble
F- - ststute, and shall be deemed to have exercised reasonsbk care if it takes such sclion fa that purpose ss Msker shall reasonsbFy request
in writiny, but ~o omissioo to do any act ~wt requested by AAaker shall be deemed a failure to exercise ressonabb ure, and no omis-
sion to comply with any request of Maker shall of itself be deemed a fsilure to exercise reasonable tare. Bank shall not be bwn~d to
take any steps necessary to preu.rve any ri~hh in the Collateral against priw panies and Maker shall take all neeessary steps for wch
purposes. 8snk or its nominee need not co lect interest on or principal of any Collateral or give sny raticc with respect to it.
If the Collateral shatl at amr time become unsatisfactory to Bank, Maker sMil wi?hin one day aHer demsnd pledye a~d deposit
with Bank as part of the Collateral additional property which is satisfsctory to Bank.
If Bank deems itself insecurc, or upw~ the happening of aryr of the following events, each of wFiich shall ca+stitvre a default here-
~ under, sll liabilities of each Maker to Bank shall there~pon w thereafter, at the option of 8ank, withoW notice or demand, become due
and payable: (s) the failure of any Obligor (which term shall mean and include each AAaker, endorser, su?ety, and 9wrantor of this
' note) to perform any s9roement hereunder, to pay interest hereon within ten days aker it is due, or if there be no due date, after it
~ is bilfed w otherwise requested or demanded, to pay any other liability whatsoever to Bank when due; (b) the death of any Obl'~yw
(c) the filing of any petition under the Bankruptq Act, or any similar federal or state stature, by orag ai~st amr Obligor; an applica-
tion fot the appointment of a receiver for, the making of ag neral auignment for the benefit of creditws by, or the insolvency of sny
' Obligor, (e) the entry of a judqement ayainst any Obligor; (fj the issving of any sttachment or yarnishment, or the filirg of a~ryr lien,
ag ainst any property of any Obliyor; (g) the taking of posseuion of any substsntisl part of the property of arry Obligor at the insta~ce
i of any yovemmental authoriry; (h) the dissolution, merger, consolidatio~, or reorganization of any Obligcx; (i) the assiynment by any ~
j Maker of sny equity in a~y of the Collateral without the written consent of the Bank. Each Obligor hereby waives arry requirement of
~ notice or demand reflecting such aaeleration insofar as such requirement be in sddition to the mere exercise of any remedy afforded in ~
this Note or the institution of wif by the then holder. ~
I Benk shall have, but shsll not be limited to, the followiny riohts, eath of which may be exercised at sny time whether or nof this
i ,note is due: (i) to pled~e or trensfer this note and the Collateral and Bank shall thereupon be relieved of all duties and responsibilities
~ hereuntier and relieved from any snd all liability with respecf ro sny Collsteral so pledged or transferred, aod any pkdqee or trans-
feree shall for all purposes stand in the plsoe of 8ank hereunder and have sll the ri9hh of Bank hereunder, (i~ to transfer the whole
~ or sny pan of the Collateral into the name of i~self or ih nominee; (iiq to vate the Cotlsteral; (iv) to notify ?he Obligors of any Col-
lateral to mske payment to Bank of any amounts dve or to become dve thereon; (v) to demand, sve for, collect, or make any compro-
E mise or settlement it deems desi?abk with reference to the Collateral; and (vi) to take control of any proceeds of Collateral.
Bank is hereby given a lien upon and a security interest in all property of escF? Obligor now or at any time hereafter io the pos-
~ seuion of 8ank in any capacity whafsoever, includiny bv1 not limited to any balance a share of any deposit, trust, ora~e ncy aocount,
~ ss the security fa the peyment of this note, end a similar lien upon and security interest in all suthpr opery of eath Maker ss seturity
fw the payment of ell other liabilities of each Maker to Bank (including liabilitia of each Maker r?nd any other person); and Bank shall
; have the same riyhts as to such property as it has with respect to the Collateral.
If Bsnk deems itself instcure ot upon the occurrence of amr defsult hereunder Bank shsll have the fueclosure and other remedies
of a secured party under the Unifwm Commercial Code, or other applicable law a~d, witlwvt limitin~ the yenerality of the foreyoitq, ~
Bank shall have the right, immediately and without further action by if, to set off ayainst this r~e all mwroy owed by Benk in sny cs-
pacity to each w any Msker; and if such set off shall occur, Bank shel! be deemed to hava exercised su~ch right of set off and to have
msde a charge against any such money immedietely upon the occurrence of stxh defavlt even thouflh svch charye is made or entered
on the books of Ba~k subsequent thereto_ Unku the Collateral is perishable a thresteru to decline speedily in value or is of a type
customarily sold on s rccognized market, Bank will give Maker reesonable ratice of the time snd place of any pubFic sale thereof or of
the time sfter which any private sale a aoy other intended disposition thereof is to be made. The reqvirerrxnt of roasonable notice shall
be met if such notice is mailed, posta~e prepaid, ro any N4aker at the sddress 9iven below or at sny other address shown on the rec-
ords of the Bank, at lesst five days befwe the time of the sale or disposition. Upon disposition of any Collateral sher the occurrence
of any defsult hereunder, Maker shall be and remain liabk fw a~y deficiency and Bank shall accoum to Maker for sny surplus, but
Bank shall heve the riqi~t to apply all w any psrt of such wrplus (or to hold the same as a reserve ayainst) any and sll other liabilities •
of eacF~ o? any Maker to Bank.
No delsy or omiuiwi on the part of Bank in exercisinq any right hereunder shall operate as a waiver of s~ch i~yht w of any other _
right under this note. PresentmeM, demand, protest, nofice of dishonor, and exfe~sion of time without notice are hereby waived by
' each a~d every Ob~igw. The Obliflors, iointly and severally, promise and ap•ee to pay a~l msts of colledion and reasonable attorneys
~ (ees (not less than 10% of the principal sum) irxurred w paid by Bank in enfotang this note upon the oocvrrence of eny defavlt.
~ Any notice to Maker shsll be wfficiemly served for all purposes if left upon or plxed in the mail, postaye prepsid, addressed to the
prem~ses at the addross shown below ot sny other address shown on Bank's recwds.
Wherever this note is executed by a co-meker or endorser who is the wife of a maker or endwser, the seid w;fe does h~reby ex-
pressly stknowladpe the within debt ss her joint snd individval debt. ~
Each of Maker acknowledpes reaeipt of s campleted copy of t' Nots on the ~ da16
~ ,
1265 Delto~a Boulevssd ~ ~ ~ ~ ' I_ r •
A~feSi: .'_____y""'__' ` ` ($MQ
DONALD E. B~:LSTIZA
;
Deltoos, Florids 32725
, .
~ (S..R
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