HomeMy WebLinkAbout0620 + JENSEN BENCH BANK 'r' ' t!!- ~ --.j - : . ' - :~f . ~ INSTAil1NENT NOTE`•~!• ~ '~;•~-~i~
~ BANK HAME. , - ~M~ a~ ~MNWf~I ,.Y 'ti _ : .
40 Commercial St., Jensen Beach, FL ~ 33457 ~ p~ March 21, 82 s 11,464.80 •
IOCATION _ . _ . -
. _ . . . ' 'March . 19 ~77, . ~ . ~o«~ T.~ . . . : •
Net~ No. oahdr = ~ - : ?.ocMCls = ..~a~QQ.s.~._ _ '
- = ~ ~ : ' pw?Ntt : _2 472.55 - - :
Six~60~ Months~ : - . ' • . t~aoE - - ~
af ter dab tM u~d~~sign~d.~ M~~inaf br call~d. MakK. jointly •and stvenlly Docun+~~r~y i 17~...~___. •
promis~(s) for valw r~uiwd to p~y to tM ordK of tM Bank. at its offic~ - ~+~++v~
as listed aDow th~ wm ot (total of psym~~ts)_..::. _ tndit lih (o? lih ' p -
El vert thousand four hundred- sixt four and d~ DisabiliM) t~s.~ 3~•~
Y=
_ ' O~h~r (it«ntu) ~
Do11an i
with Inbntf IMr~on af th~. r~N of 1Q-._.% pK all p~yabl~ in . - ~
___StSL. nwnN?M inst•~~m:na o~ i._,19.1:.Q~. ..d, on h,. 8t d+r of s.._...
~ach waoaslw moMh aam~nw~on ~~~1~...~. 19.?] top~tMr with
a BALLOON PAYMENT OF i - Ou~ 19 • AM011NT 8~~9Z.2,5 ~ ~
fiNANC~ _ ~
A~ aomput~d ~t tM ah of =.OS pK =1.00 on ~ach instal!m~nt in d~fauit fw ~~~h~ ~
a p~riod M~xc~s of 10 days may b~ charp~d th~ Matar. No such Hn~ sAall ~xcMd d+~~+ Ct~min)
=5.00. MakK is ?puind Io pay ~II wsb of ooll~ction. includi~+p • reasonabl~ anor- = O
nay
i fN if nfKnd (or coll~eion or Ipal proa~dinps. All pay~nb. wMtMr p~in-
dpsl, int~nst a WMrv~is~. not naiwd wMn dw sMll b~a~ intK~st at 10% p~r i---- .
•enum han dw da» until p~id. All paymtnb m~ h~hund~r shatl bt tndit~d ANNUAL rERCENTAGE RATE ..],Q % ~
fint ro intKeu. tMn to I.wful cfia~s th~n aarwd. .nd I•~t ro P?incipal.
If ths loan is pnpaid in tull, aoealK~t~d w r~finanad, tM Mak~r shall ~s of th~ dat~ of wch ~wnt no~iw wd? r~fund of th~ w~.
•am~d portion of tM chdit lih insurana p~n?iwn ard ~inae~o~ ~liar~ ~nd wd+ othK a~dit as may b~ nquind by law a as enay b~
neuuary to ~void uwry. pravW~d Mwt t!~ Hold~r may n~ain a mininwm cha~ of t25.00. whNF~ w no~ otlwrwi~ ~wnd. ~
•nd ~xcsp~ in th~ us~ of • refin~ncin~. no finano~ d+a~p~ or pr~rnium tifund slwll b~ mad~ if it arnainb ro IKS than =1.00. R~tMtan
of any minimum finano~ shali b~ in addiHa+ ro ~~rvio~ duryt if amr. Any lanpuaq~ ~lit~wl»n Mnin b th~ aonhary t~witl+standirq,
n~idw Bank na N+y ho1dK !»nof shall naiw a ntain arry ch~r~ or int~.~st no~ albvwd by law. ~
As wcu~ib fot th~ p~ynwM of this eoM MakK has d~dpd w d~Dosit~d with 8ank th~ follaw~?inp P?aP~hh -
Lot #9~2 Ventpre Out a~$g$.~~~ 3n s~.d Mo,~g~ae. N
(ineludinp sll ush, stodc and o11+K divid~nds a~d all riphb to subsaib~ for s~eurifi~s ie~d~nt b, el~clard a p~anhd in eonrwetion with
su~d~p~p~~ty Pr~h. with all additioos and wbstih?tions h~?eafN~ pl~dq~d ot d~posit~d with Bink is call~d th~ Col~
I~t~ral. Th~ Gdlaa.al is alao pbdp~d ~s s~ewi~y far ail o~M? liabiliti~s ro 8ank. (primary. sKOndary. dinef, ow~tieq~nt. sol~. joiM w '
s~wr+q. dw a to Moorn~ du~ or whkfi may b~ Mn~far conn~eted a acquirod, of ~~d+_ MakK (w of each Ma1cM and ~n1? oth~? PK-
son~ TM surc~nder of this.eat~, upon• paymem a oM~wis~. shall not afhd th~ ~ipht of da~k to rNain tM CollatN~l fw wch ot1+N -
lisbiliti~s. ~ - - _ - . . _ .
CREDIT UFE AND CREOIT LIfE a OISABIIITY INSURAWCE ARE VOLUNTARY AND ~p
T,(t~! IRED FOR CREWT. S~xh Irawano~
cowrap~ is availabl~ at tM cost daipeat~d b~low for th~ t~rm of tM cndih S_. ~!~.:SJS!____.w.._..___~ fw Crsdit !ih le-
wranw (b) i, fw Cndit lih 6 Oisabili~y Inwreae:
U~~ck
~ppl. ~ G~dit Uh Insunnu is d~sirod ai th~ lih of ~ ____~~~_.~~3.8_p~~tZ
_ _ e+ni,d,t~ ~3__~___1 14
p Cndit Lif~ 3 ~isability Irour~nc~ ta desind on ~ " ~
8irthdat~ ~ , _ 1
- p~ Cndit lih ~nd/or Disabilify Inaur~no~ is not
Oatr. " " • - Si~n+tun _
. sio~„w.. Eddie Piltz _ ~ ~
Additions to, nductions or excfianqss of, or svbatitutions for the Collateral, payrt~ms on aacount of this lo+n or inaeas~s of ths
same, or WF~sr loans made parti~lly or wholly upon tM Collatcral. may fran tims to time bs m~de without affedieq ths provisions
of this rwt~. B~?k shall ~zercis~ re~sonable ure in tM custody and peservation of th~ Cdlaterai to tM extent rpuir~d by appiicabls `
statut~, and sh+il b~ de~m~d to haw exe.cis~d reasonabie uro if it takes such ~ctia+ for that pwpose u N4ker shall reasonably roqwsl
j in writirg, but no amiuion to do amr act not nqwsl~d by Msk~r shall b~ deem~d a failwe to exercise reasonable urs, and no amis-
sion to aomply with am ~equesl of Mak~r sh~ll of its~lf b~ d~emed a failure to exe?ciss rc~sonabl~ ure. 8ank shall not b~ bound b
I t~k~ a+y st~ps r»cessary ro pr~aerve any rphfs in tM Collarowl painst priw parties and Maker shal) fak~ a~l ~wc~asary steps fw wch ,
i purposes. Bank a its nani~ nsed not coll~cl interesf on w principl of any Collater~l a q.iw aoy notice wifh respM to if.
i If th~ Collahr~l shall at ~ny tim~ becort~ unsstisfadory to Bank, MakK shall within ont day af»r d~mand p4d~ ~nd d~posil
v,dth g~nk as put of th~ Collatu~l additiawl propsrty which is satishctory to Bank.
If 8ank dNms its~lf insecun, or upon tlk F~appening of any of the foflowinp ~vents, each of whic~ shall constitvt~ a defauH hera
u~ all liabiliti~s of each Maker to Bank shall thereupon or thereaher, at tht option of Bank, without notice w dem~nd, bscorne due
and pay~blr. tM failun of any Obtiqor (which term shsll m~an and ieclud~ ~ach Maker, endontr. swety. ~nd yua.antw of this
not~) tc p~rforrn aey aynament Mreunde~ ro pay interost Mreoo within ree days aher it is due, or if thero bs ra dut daM, aher it
is bilbd w othKwis~ naws»d o~ dernand~d, to pay ~ny other li~bility whatao~ver to Bank when dw: the death of any Obli~wt
~ (c) the filinp of a~ry petition und~r the Bankruptq Ad, a any similar federal w st~t~ s~a~ute, by wa~ ainst any Obli9a: sn spaKa-
non for N,. a~anm~enr of a reoeiv.r fo., tM rrukin~ of • ral auiqo+nent for the benefit of a~diton by, or ths insohr~ncy of any
pblipor: tM entry cf +1'udQ~e~ t ayainst ~ny Obliqor: (~the issuiny of any attschrrknt w parnishm~nt, a the filiny of aM? lian,
~yai~st ~rry prop~~ty of any Obli9w; (q) the fskirq of possess~on of aMr substantial pan of the pope~ly of srry Obliqw at the insf~noe
~ of arryr yovemmentat authorily: (h) tF~e dissolution, merye~, cd?wlidation, w?eorya~ization of aMr Obliqor, (7 the auiynment by aMr
MakN of any equiry in ~ny of 1~e Collatera! without th~ written consent of the Bank. Each Obli9or he~eby waives sny requiremenl of
~ notice or demand refledirq such soceleration insofar as such requirement be in additio~ to the mere exercist of any remady affordsd in
this Nats a ths irotitution of suit by ths than holder.
Bank sh~ll havs, but shall not bs limit~d % tM follawin~ riohts, exh of which msy bs exercised st any tirrK whether w no~ this
~ note is dve: C) to p1sd~ or trensfer this ~We snd the Collatent a~d Bs~k shall th~rwpon bs relieved of all duties and responsibilities
~ heroundsr and reliwed fram any ~nd ~II liability with respect to sny Collateral so pled~~d w transie~red, and any pled9ee a tranr
feree shall fw ~11 purpos~s stand in th~ plaos of Bank he~wnder and have all ths r'~qhb of Bsnk hercunder (i~ to tramfer tM whole
w a~r psA of the Collat~ral iMo the name of itself or iri nwninee; C~~ to voro the Collate~al; (iv) to notify tM OWiQws of any Cd-
lateral ro make payment to Bank of any ~mo~MS dus w to become doe thereon; (v) to demand, sue for, collect, a mske •rry compro-
mix w settlement it deems deslrable wiM reference W ths Collateral; a~d (vi) to t~ke contrd ot eny proceeds of Cdlateral.
Bank is hereby yiven a lien upon and • securily ioterest in all properfy of e~ch Obliyw now p et any time hereaher in the pos-
seuion of Bank in any capacity whatsow~r, includinq bu~ nW (imited to any bslarxs a sha~e of any deposi~, trusf, aa~e ncy account, _
aa the security for the payment of fhis note, and s simit+r lien upon and sacuriry interest in all suthpr
opsrfy of eat}~ Maker as secu~iy ;
fo~ the pryme~t of ~II oth~r liabilities of eacfi Maker ro Bank (includirq liabitities of each Nlaker and ~ny other person} and Bank shsll
have tF~e sarne ri~hts as to sucfi property as it has with respsd to the Cdla~eral.
If Ba~k deems itself insecuro w upon the oavrrence of any default hereunder Bank sFNll heve the to~eclosure and otMr rsmedits '
~ ^ of a secured party under the Unifo?rt~ Canmercial Code, a other applicable Isw snd, without limiti~q tM 9enerality oi the fweyoinq. "
Bsnk shall have the ri~h?, immedistely and withovt fuAher sction by ~t, to xt off aqainst this note all money owed by Bank in any ca-
paciry to each o~ any Msker; snd if sucfi s~t off slull oaur Bank shall be deemed to hsve eaercised s~rct+ ri9ht of sN off and to haw
~ ~ msdt a char~ against such monay ienmedietely upon t~e occurrence of such defsuh even thouyh such charye is made w entered
on the books of Bank su nt thereto. Unless the ~ollste~al is perishsble o~ threatens ~o decline speedily in valus w is of a typ~ =
cvstomarily sold on a raoynized market, Bsnk will qive Maker reasonable notice o~ the time snd plsce of any public sale thereof or of ~
the time aher which any privats sal~ or any other intended disposition theroof is to be made. The reqvirement of re~sonable notice shsll
be met if such notice is meiled, posrs~e prepaid, ~o sny Make~ at ths address yiven below or ~t any other address sl~own on the rec- ~
wds of ths Bank, ~t kast five days befor~ the time of the sale w disposition. Upon disposition of any Collatersl afier the occvrrence
~ of sny defaul? hereunder, Maker shall be and remsin li~ble fw any deficiency; end Bank shall account to Maker fa any w~plvs, but .
9ank shall have the ri~ht to apply alt a amr pa~t of wch surplus (or lo hold the same ~s ~ reserve ~yainst) sny and all oth~r lisbilities _
of e~ch a~ny Maker to Bank. -
No del~y w omissia+ on the psn of 8ank in exsrcisirg any ripht herevnder sh~ll ope.~~e ss a waiver of svch riyht a ol any otMr
- right under this rate. Presenh.~ent, dem~nd, p?ote~l, notice oi disFanor, ~nd exlenfion oi time without notice are hereby waived by _
- each and wery Obliflor. 'h~ Ob~i£o.s, iantly and s~versllY, p.omise and pree to pay dl cos~s of cdlection and reasonabl~ ~nerneys'
fees (not kss than 10`Y. of thsp? intipal sum) incurred cK paid by Bsnk in eniorcing Ihis note upon 1he otc~rrenc~ of any defatrlf_
~ Any notiu to Maker shall bs suff'~ciently s~rv~d fw ~II p~,rposes if fuft upon w pl~ced in the mail, pos~aqe prepaid, addressed to the
premites at th~ ~ddrts~ shown balow or ai+y other ~ddrsss shown on Bank's records.
Whe~~ve. this no?s is e:ecuted by a co-+nak~r w endorx? who is tM wii~ of ~ maker or endaxr, the ssid wile does herebp ~x-
pressly acknowl~dp~ the wi~h~n debt as her joim and individwl debt.
E«f? of Mak~r ~cknowld~s rea~iq of • campbnd copy oi thi~ Nw on th~ abow da»~
~wd..s~ 1~4q1. N. ~ . 19tL~ _ Avg X cs..p
Eddi Piltz ~ - .
Miami, FL _ 33179 _ - _ ; - . X - ~ ~~~.~1 ~ _~C:~~~~ ~ ~s..~ ~ _ - -
oro v J.