HomeMy WebLinkAbout0480 J~S~ ~K INSYAtIMENT NOTE Y N1-
BANK NAME (S~cur~d ~nd Uns~cu~
a~
40 Coaa~rcial St., J~ns~n 8~ach, FL 334~7 p~t: 3~~ 19~_z._
LnCAT ION -
3 - ~o.~ r..m::
Not~ t~lo. _ D.t.d: 19 Z~. o.«eeds : 4~0OO.OQ
Sixty (60) Mootht NNANCE = 1~142.48
. _ _ _
CNAROE .
atter date the undersigned, he~e~nafter talled Make~, ~omtly and severally Docum~~t~ry g!1Q_._..
promise(s) for value .eceived to pay to the o~de? oi the Bank, at its o(I~ce S~amp~
as hst abov he sum o(t~qtal ol payments) Credit life (or lif~ ~i 42
~~V OU~i LRZ'N ~1W1dTld 517~~•SWM i~1d d~ ~isability) Ins.i .
.
.
~ Yb" 01hsr (itemize)
- - _ . _ _ - . _ . OoUus s
with i~est th~non at ths r~h oi 9(, per a~num, all yabb in =
morohly instalimeros oi ~ esch on the day of (~i!"~dit Q~pp!'~ IS.Q(j
tath suetessivs moMh coe+me~pa~? ~ . . 19 ~ , roqether wilh . .
. ~ BAIIOON PAYMENI OF i . 191~IC a,e . . ~9 . . ~ w?NCEO s ~ 209.92
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A fin~ comp~?~ed at the r~te of =.OS per i1.00 on esch instaltment ie defaut~ (o~ ~~~~~ely collxted
a period in exceu of 10 dsys may be charQsd the Maker. No such (ine shall exceed
SS.00. Maker is required to psy all costs of collec~ion, includinq s ~easo~eble anor- chsr9ei (itemit~)
ney's f~e if roferred for collection or leqal proceedinqs. All paymeMS, whether prin- s
cipal, intereft o~ o~herwese, not received when d~s ahall bee. inrmest et 1096 per i
annum irom due dste until paid. A~1 payments made hereunder shall be credited ANNUAt PERCENTAGE RATE I~ X
first to i~teresl, the~ to iawf~l charges the~ sccrued, and las~ to prinupaf.
If the losn is prepaid in fult. accele~ated or reiinenced, the Msker shalt as of the date of svch event receive such refund of the un-
eerned ponion oi the credi~ life insurance premium and f~narxe charge and StKh Othlr Crpdif As msy be required by law o. as may be
necessary to avoid ~sury, providcd thal the Hofder may ?etain a min~mum f~nence charge of t45.00, whether a not othe?wise earned,
and except in the case of s refinsnciny, no finance charge o. p?em~um ~e(und shall be msde if it smovnts to less then fl•00. Retention
of any minimum finance shell be in addition to servlce charge il eny. Any languaqe elsewhere herein to the cororery notwithstandinq,
~withw~ Bt~n4 ~wx a?~v ht+lde? he?wni ahwll rwraivw ev r~twin w~v ~har~n ru intwrett ~pl sllowed bv lew •
'ty ~ of this nore Make~ has pledyed or depos;red wifh Bank the following prope.ty:
_ _ .
1~~~~~ AMERICA Lot t~35, S~ction 1 as d~scrib~d in said Mortga~~.
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(inclvdinq all cash, stock and other d~vidends and all ~ights to subxribe fo. secu.ities intident to, declared or granted in connlction wifh
such property), which property, togerhe. with ali addit~ons a~d suNtt~tutions hereaiter pledged or deposired wi~h Bank is called the Col-
lateral. The Eo~lateral is also pledqed es secunty for alI othe? liabil~t~es to Bank. (p.imery, secondary, direcf, cont;nqent, sole, ~oint a
several), due o? to become due or which may be nereafter conrracted or acquired, of each Meke? (o. of each Maker ar+d any other per-
son). The surrender of this note, upon payme~t o. otherwise, shall not affed the ?ight of Bank to retain the Cotlateral fo? such other
liabilities.
CREOIT t1FE AND CREOIT IIFE b 01SABIlITY INSURANCE ARE YOtUNTARY ANO I~jAi R~QUIRED FOR CRE~IT. Such insu~ance
coverage is ava~lable ar 1i~e cost des~gnated below for the term of tne cred~t (e) S w•~ fo? Credit Life In-
surance (b) S f~r Cred~t Gie d O+sabihty Insurar+ce:
cn"k Bill J. Sal er
Appl. ~ Credit lite Insurance is desired on t~ rf~ or y y
eoi 12/16/31
_ s~.~hdafe
. . - - ,
? Cred~t tife ~ Disability Insurance is desired on _
. _ . _ . Bi~t ate - .
[1 Credit liFe and/or Disability Inwrance~no i _ _
X ~ - - -
Oate: - - Si9nature - - _ _ . _ _ -
SiqrtaWre Bil y. J. alyer._ _
Addi!ions to, red~ctions or exchanges of, or substitutions fo+ Ihe Coftaterol, payments on actount of this loen or irxresses of the
same, or otFer loens made parria:ly or who!~y upon the Coltaterat, may from time to time be made without affecting the provisions
of this note Bank shall exercise reasonab#e care in the custody and p.eservation of the Collaterel !o the eatent required by applicable
statute, and sha~l be deemed to have exercised reasonab~e care i~ it takes such actiw, fo. that purpose as Makei shall reasonably req~esf
in writbr~, bur r.a omissicn :c d~ er.y a:s r.at re~vessed 'c; t.•.aicer :::a've oe dee.:.eri a ia:oL:e ra c:erc:u reasanabEe :are.. ar.d no emis-
sio~ to comply arith any request of Maker shatl oi itulf be deemed a failure to exe.cise reasonable care. Bank sha11 not be bound to
!_Ye any st.~~ .,.....~~..y *o ~res..Y.. ~.,y .:a:,~5 t.,::~~~.jg p.~.,. ~y.~:.~ .^d Me'.~, y:.3~: 3~: .r,.ss±.ry s?'-'C~ f~ st_
.
purposes. Bank or its ~ominee need not collect interest on ~r princ~pal of any Collateral o+ 9ive any rat~ce with respM to it.
' If the Collaterol shall at any time become unsatisfactor~ to Bank, Maker shail wi~hin o~e day after demand pledge and.deposit
' with Bank as part of the Collateral add~t~onai property wh~ch is satisfactory to Bank.
~ If Bank deems itself insecure. or upon the happening of any of the followinq events. each of which shall co~stitute a defrult hers-
~ under, ell liabilities of each Maker to Bank shall thereupon or thereaffer, at the optio~ of Bank, w~thout not~ce or demand, become due
and payable: (e) the fai!ure of any Obligor (which term sha~l mean and ~rxtude each Maker, endorser, su:ety, and guarantor of this
note) ~o perform any ag.eemenr hereunder, to pay +nterest hereon within ren days afrer it is due, o+ if there be no due date, after it
is billed w otherwise ?eques~ed or demanded, lo pay any other Iiab~I~ty whatscever to Bank when due: (b) the dtath of any Obligor;
(c) the filing of any petit~on under the Bankruptcy Act, or any s~milar federal or state statute, by or ayainst any Obtigor; (d) an app~ica-
s ticn fw ~he appointmeni of a receiver for, the mak~ng of a general ass~g~ment fo~ the benefit of creditors by, or the ~nsolvency of any
~ Obtigo?; {e) the ent.y of a iud9ement against any Ob~,go~: if) tne ~ssu~~g of any attacf inent or garnishment, or the filing oi any lien,
~ against eny property of any Q~bligor; (g) the takinq of possess~on of any su~stant~al pa.~ nf the prope.ty of any Obligor af the instance
~ of any governmental autha~ity; (h) the dissolutipn, me~ge~, co~solidation, or reorganization of any Obtigor; (i) the assignment by any
Make? of any equ~ry in any o1 the Cotlateral without the written consent of the 8ank. Exh Ob•igor he?eby waives any requirement of
notice or demand reflect~ng such acceleration insofar as such reqviremen~ be in addition to the mere exerciu of any remedy afforded in
this Note w the institution of suit by the tFen holder.
Bank shall have, but shall not be limited to, 1he fo~~owing ~iahts, exh of which may be exerc~sed 'at any r~me whether o~ not this
note is due: (i~ to pledge or transfer this note and the Collaterat and Bank shall thereupon be .etieved of a!t dut~es and respo~s~b~l~ties
hereunder and relieved from any and aIl tiab~l~ty with respect to any Coltateral so ptedged or transfe~red, and a~y ptedgee o~ tra~s-
feree shall for a!I purpflses stand in the plece of Bank hereunder end have al~ the ~ights of Bank hereunder; (ii) to transfer rhe whote
or any part o~ the Colleteral into the name of itself or its nominee; (iii) to vote the Collateral; (iv) to notify the Obligors of any Col-
Isteral to meke payment to Bank of any amour.ts due w to become due thereon; (v) to demand, sue for, collect, or make any ccmpro-
mise or settlement it deems desirable with reference to the Collateral; and (vi) to take co~trol of any proceeds of Collateral.
Bank is hereby g~ven a lien upon and a security interest in al! property of each (?bligor now a sr any time hereafter in the pos-
seuion of Bank in a~y capacity whatsoever, including but rwt lim;ted to any balance or share of any deposit, trust, a agency account,
as the security for the payment of ihis note, and a similar tien upon and security interest in ati such properry of each Maker as secu~iry
~ for the payment of all other lia6ilities of each Maker to Bank (includ~ng I~abil7ties of each Maker and any orher ~xrson) a.±~1 Ba~k shall
have the same righ~s as to such property as it has with respect to rhe Collareral.
~ If Bank deems itself insecure or upon the «currence of any default hereunder Bank shall have the foreclosure and other rernedies
~ of a secured party under the Uniform Commercial Code, or other applicable law and, without Ilmiting the ~eneraGty of the foregoing,
Bank sha~t have fhe righf, immediaie~y and without furfher ~tion by it, to set off aga~nst th~s note ail money ovved by Bank in any ca- _
~ paciry ro each or any Makee; and if such set ofF shatl occu~, Benk shatt be deemed ro have exerused such right of set off and to have
~ made a ci~arge againsr any such money immediately upon tne occurrence of such default even though such charge is made er entered
on ?he books of Bank substquenr thereto Untess the Collatera~ is perishable or threare~s to decfine speedily in value or is of a type
a customarily sold on a recognized market, Bank ~rill give Meker reasonable notice of the time and place of any public sale thereof or o1
the time after which sny pnvate sate or any other intended disposition thereof is to be made. The requirement of reasonable not~te shall
~ r'-° ~ be met if s:xh no~ice is me~led, posrage prepaid, to any Maker at the address given below or at any other address shown on the rec-
ords of fhe Bank, at leasr five days be~ore the time of the sale or dispos~tion. Upon d~spos~tion o~ any Co~~aterat after the occurrence
of eny defauir nereunder, Maicer shaii be and remain iiab~e for any deficie~cy~ and Bank snall account to Maice? for any surpius, but
~ Ps'o.-~w iir8ii iw~E :~~c iiyi i"v a'y~i:'~ uii 'v: 3~.~ N3i: pf ih~ S'viy US ~~t S~ f~i
~ i~iE i3TiE iS d iEiET-E oyi:fiti ory dlh"f u:~ ~::~E~ i~d~i+i~t~6S
~ of ea:h or any Maker to 8ank.
g ~ tJo deiay or om~asion on ~i,e c~ert of Sen't in eferusing eny rigi~t 'r~ereureder sneii operete es e we~ve. of svcn rign? or of any otixr
4 right under this note. Presentment, demand, protest, notice of d~shonor, and extens~on of time w~thout nor~ce ere hereby wa~ved by
~ -e each ard ever~ Ot::gcr. The Cbt~gor~, ~cirtly ar.d severa~~y, prorr:se arsd agret t~ ~,ay a!~ :osts af ca~:e~::cr ar.d rea;arab~e atsorr~~s'
~ (ees (not less than 10% of the principal sum) ~ncurred or pa~d by Bank in enforcing thfs note upon the occurrence of any default.
~ i+, Any notice ~o Make? shall be sufficienNy served for all purpous if left upon or placed in the ma~l, postape p.epaid, addressed to the
premises et the sddress shown belovv o~ any orhe. eddress shown on Bank's recwds.
Whp~e.Pr thig nptC ic PYPi V}P!j bY ~ S~-m3Ln. n. tn~otS!• wh~ es t^~ :tifG Of S teSDKOt G:.~.^.rit'. '•.^.C S3c~ '»cjC ~.^.C: ~'.C:2u~ AX-
press~y ecknow~edye the w~~h~n debt ss her ~omt and ind~vidusi debt.
~ Each of Meker acknowledges receipt of a completed copy of lhis ot9 on t bove d
1400 Sunset Strip ~
~ '
Address: _ _ _ _ ~ _ _ _ (Seal)
y a
Sunris~. FL 33313 . ~X ~ "
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~ - - _ _ _ - ' B~rbsra 3: S~ivs*_ w..~,