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~ J.~-~.J15i:IJ f:~i::it:~l BAtJK " INSTALLMENT NO?E
9ANK NAME (~tYf~ iMI UIINtYf~ ~
:0 ~~>~~~t;ercial 5t., Jens@n Beach, FL 33n57 pw: February 1~~ 82 : 7~1~1.~0
IOCATION `
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NM~ Ne. Dahd: 1~ 77 lwn T~mu: P
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P.oc~ i _`:?_s`__~::~:
Six~ (60) N~~nths_... _ pc~e s
after date ths undersigned. hereinafter plled Maker, jofntly and severally Docu~n~ntWy =__.......,lp~gp,__.._,
p~omise(s) for value received to pay to tha order oi the 8ank, at its otfice S~.mp~
as listed above the sum ot (total of payments)______..._.___..__.. Crodit Uh (w lih
~a~. en zi+ve~sand one hundred f i fty-una and 401100~-.-• ~ otubs~iH) i~s.= ._.._ll~_a.4-.-~.__
. _...-_--..___.._....---•----._I_;_ . pfh~r(it~mix~)
Dollus
wNh inl~rKt th~r~on N th~ rab o~ PN ~nnuen, ail p~y~bl~ in
60 ~th1y tn~tal4r~eMs of i_...2~.._.._._. tach on tM day
T :.1.~1 of '
i
..d+ .i,a.ssiv. month oa,+m.ncino . ~Sh _ ~ ~-s----. 19__Z7_... toq.t++.t with AMOUt~IT
a dAILOOW PAYMENT OF =.~__...RIiII@_.----•--- Du~ 19 .._._.._s fINANC~
t •-~s.fiQ4..:4.._
A fins oomput~d at the r~t~ of =.OS pe? 1.00 ore each lnst~!!mer?t in d~f~ult fa ~
•p~ iod in ~xt~ss of )0 days may b~ cha~ ~hs Nlake?. No such fins shaq sxcsed ~~~~N GO~~~
s5.00. Maka is ~equired to pay elt c~ts of coU~cfion. includinQ a reasonabl~ ~tfpr- Hfemitr) _
nsy's ise if nferrod for collection o. kyal prooe~dinps. All p~ymenls. wMther prin-
cipal, iorohst or otF~ervviss, not rsceived wfien dvs shail beer ioterest at 109L p~r i ...................Q..Q~b
annun+ from dw date until p~id. All payments mad~ hereurxie~ shall bs c~edited ANNUAL ~ERCENTAGE RATE %
first to intertst, tF~en to lawful charq~s then accrued, and Iast to principal.
If the toan ispro parai in fvll, aocelerated a rofinanced, ths Maksr ahal~ as of the date of such event nceive such rofund of tM un-
~ar~ed ponion of tM credit tife insurance premium end finance charye and such othe~ c.edit ~s may bs rpvired by (~w or q may b~
nsesssary fo avoid usury, p~ovided th~t ths Holder may ~e?ain a minimum finsnce charye of ;25.00, whethN or not oth~rvvise earmd,
and except in the csse of • refin~ncinq, no finance charqe w premium refund sh~li bs msde if it amovnts to less tMn t1.00. Rttention
of ~rryr minimum finanos shstl be in additio~ to service charqe if any. Any IanQups elsewhera hsmin to th* contrary nWwithsbndirq,
ntltMr Bank na any holder heroof sMll receive a retsin antl chsrys or intercst not allowed by law.
As sewrity for the p~yment of this note Msktr has pledped a deposited with Bank the followiny prop~rty:
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~~.~.~~~~~~~~~~~~~~~~~r~~~ .~rr~ - - ~~~.1.~._~~~i._~~~..~_.~~~~.M..- ~
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Cncludirtp all tssh, slotk ~nd other dividends snd all rights te s+~ur~t~e fa securities incident to, declared or qraoted in connsttion with .
such p~operty), which prcperty, ioge+her with all addilions and substitutions hereafter ptedqed or deposired with Bank is celled ths Col-
I~fOral. The Collateral is atw pledQed ss seturity for el{ ofher liabilities to Bank, (primary, secondary, diteN, continpsnt, sole, jpint or
several), due w to becoma due w which may be hereafter contracted a atq~ired, of esch Maker (w of each Maker and any other psr-
sor?). The surre~dcr of this note, upon payme~t or o?hcrwiss, shsll not affect the risht of Bank to retain tl+s Collatsral for such othK ~
liabilitiss.
CREDIT lIFE AND CREDIT IIFE 3 DISABIIITIf INSURANCE ARE VOLUNTARY ANO NQT R~f~U1RE0 fOR CREDIT. Such insunnoe
covaraqe is svailable at the cos? desiqnated bebw for the term of the credit: (a) S i-~'..-~_.i-.------••-_•---_._------ fa Credit life In.
sursnae (b) S.----•_------•--,-----•-----°--------••-----•--------•---- fw Credit life b Disability Insurance:
~ CF~eck .
Appl. Credit life Insurance is desired on the lifa of =-_::S_.:.._.:~,-=-~' ~-~L
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Box ~5 0(~ Qfl ' ~
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5'--------~------ - BtrtF,dete ~ - y~~-~~~
p Credit life d~ Disability Insuance is desired on 't• - ~•~r
- Birihdate
? Gedit Life sod/or Disability Insursnae is not desired.
aro: _ rgb__~~~1~r_;3~_.1.~~77 5~9~.n,.e
Siynature%i.__...--•----------•_--=- ` ~ j
- •
Additions to, rod~ctions w excharpes af, w substitutions, ~or the ollateral, paymenn on aecount of this loao w increases of the
same, or dher toa~s made partia!!y a~ wholly upon the Collateral, may hom time to tirr+e be made without affacti~y the proviaFons
of this note. Bank shall exercise reasonsble ure in the custody and preservation of the Collsteral to the extent required by appliubi~
ststute, end shatl be deemed to have exercised ~easonabie csra if ;t tskes such action for that purpose u AAake~ shall reasonaWy ns~rsst
in writinq, but no omission to do any act not requestsd by Msker shall be deemed a failu~e to exercise reaswable are, and rw amir
sion to comply witfi ar?y request of Maker shatt of itself be deemed a failvre to exe.cise .easonsbk car~_ Benk shall not be bound te
teke aoy steps necessary to prese.ve any rights in the Collateral ags~nst p?ior parties and Maker shall tske a(I necessary steps for such
purposes. 8aok or its naninne need not cotlect interest on or p?incipat af any CoNateral w give any notice with respeet to ~t.
If the Collatera! shall at any time becorne unsatisfactory to 8ank, AAaker shall within o~e day aher demand pledye and deposit
with Bank ss part of the Collsterel additio~al property which is satisfactory to Bank.
If Bank deems itself i~?sec~re, or upon the heppenrng of any of the fo!lowinq events, each of which shsll constitWe ~ def~uh he~r
under, all liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, without natice a demand, bewme dve
u~d payable: (a) the failure of any Obligo. (which term shall rtKan and include each Make~, endwser, surely, ~nd gwranto. of this
note) fo perform any sgreament hereunder, to psy interest hereas within ten days after it is due, or if there be no due date, after it
is bilkd or otherwise requested or demarxkd, to psy any other iiabiiity whstsoever to 8snk when dve; (b) the desth of any ObliQw,
(c) the fiiliny of any petition under the Banlcruptcy Act, or any similar federal or stete statute, by w inst any Obligor; an applics-
tioo for the appointmertt of a reteiver fot, the making of a nersl assignrt?eM fpr the ixnefit of v itors by, or tF~e insolvency of any
Obliyor; (ej the entry of a j~dp~m~ nt against any Obligor, (~the issuing of any aHechment or yarnishment, w the filirg of sny lien,
syainst sny propery of amr Obligor; (g) the takiny of posseuion of any substsntial part of the propeHy of eny Oblipor at the instanoe
of a~y 9overnment~l authwify: (h) the dissolvtion, merper, consolidsrion, or reo.genizetwn of anY Obliyor, (7 tF+e aSSiynmeM by any ~
Meker of any equify-in any of the Collateral withovt the writte~ consent of the Bank_ Esch Obiigor hereby wsives amr ~equirement of ;
notioe or demand reftecting svch aooele~arion insofar as such ?aqvi~ement be in sddition to the mere exercise of aMr remedy afiorded in ~
this Note or the irutitution of svit by the then holder.
' Bank shall t+ive, but shall nof be limited to, the followitq riohts, eath of whith may be exert+sed at arty time whether p nof this #
' note is due: (i) to pledpe or transfer this note aod tfie Coflateraf and Bank shall thereupon be relieved of a!I dulies and responsibilities .
'i hereunder and relieved from any and all liability with respect to any Collaterat so pled9ed or lrans(erred, and sny pled9ee or trans-
feree shall fo~ a!! pu~poses stand in the place of Bank hereunder end F?sve all the .ights of Bank hereunder, (i~ to transfer the whole ~
~ w er+y paA of the Collsteral inro the name of itself or its naninee; (ii) to vote the Collsteral; ('rv) to notify tix Obligors of erry Col- ~
lateral to make peyment to 8ank oi amr arr?ounts due or to becane due thereon; (v) to demand, sue for, collect, or make a~+y compro-
~ mise a sentement it deems desirable with reference to the Collate?al; and (v7 to take control of any proceeds of Collatenl. i
; Bsnk is hereby ~iven a lien upon and a sccurity interest in all property of esch Obliq~x now or at any t;me hereafter in the pos- ~
' session of Bank in sny capacify wF?~tsoever, intludiny but not limited to aoy balanae or share of any deposit, trust, waqe acy aaount, '
~ as the security fw the payment of this note, and s simi(ar lien upon and security interest in al! suchpr
ope~ty of each AMker ss security ~
io~ the payment of all other liabilities of each Maker to Bank (induding lisbilities of esch Maker and any Wher perso~); and Bank shall T
have the same ri~hta as to such property as it hss with respect to the Collate~al. s
tf Bank deen+s itsetf insecure or upon t1+e oavrrence of sny default hereunder Benk shall have the faeclosure and oth~ remadies 3
of s secvred party vnder the Unifam Commercial Code, or ofher applicable law and, withovt Iimiting the 9enerality of the foreqoiny, f
8ank shall have the riqht, immediatety and without furthet attion by it, to set off sga;nst this note all money owed by Bsnk in sny u- _
pacity to each or any Maker; and if such set off shall occur, Bank ahall be deemed to have e:ercised such r'~yht of set off and to have ~
made s chsrge agaimt any such money immediately upa~ the oaurrcnce of such defavh even thouyh such cAupe is made w entered ;
on the books of Bank subsequent ther~to. Unkss the Coilateral is perishable w threatens to decline speedily in value or is of a type
custanarily wld on a recogmzed market, Bank will yive Nlsker r~aso~able notice o1 tht time and place of am public ssle thereof or oi ~
the tiir~e sfter which my private sale or any other intended dispositioo thereof is to be made. The requirement of ressonable notice shsll
be mei_if_3uth- notite is maikd, postage prepaid, to sny Maker at the sddress qiven below a at any other sddrcu shown on fhe rea ~
ords of the 8snk, at least fivs days before the time of the sala or disposition. Upon disposition of any Collateral aher the occumnce
~ of any defavlt herew+de?, AAaker shall be and remain liabk ~a any deficiency; and Bank shall sccount to Maker fw srryr surptus, but ~
Bank shatl have rhe riyht to apply a!I or srry part of such wrplus (or to hold the same as s reserve a9ainst) a~y s~d al! othe~ liabitities
of each or any Maker to Bank.
, No deliy or omissio~ on the pan of Bank in exercisiny eny riqht herevrKle~ shall operste ss s waiver of such r ht or of any other
' ~ riyht under this note. Presemment, demsnd, protest, notice of dishaar, and e~tension of time witho~t notice are~reby waived by
` ~ e~ch ~nd every Obliqor. The Oblipws, jointly snd severally, promise end aqree to psy atl cosn of collection and reasonabk attorneys'
E fees (not leu than 10% of the principal svm) incurred or paid by 8a~k in enforcing this note upon the occurrcnce of a~y default.
~ ~ Any notioe to Maker shall be sufficiemly servad for sll purposes if kh upon or placed in the msil, posraye prepsid, addressed to the
premises at the address shown below or any other address shown on 8ank's reco.ds.
Wherev~r this note is executed by a co-msker or endorur who is the wife of s make~ or endwxr, the ssid wife does hereby ez-
i ~ pressty ~cknowted~ the within debt as her joint and individval debt.
~ Fsch of Maker ~cknowledyes rsoeip of • completed wpy of this Note on the above date.
Add~~ts: ~..i:t. 2 ~ .
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