HomeMy WebLinkAbout0033 __F~~'r NATI0~4i. SA~iK OF FnRT
Pi~R~~___.. INSTAtIlV1ENT NOTE
BN'VK Nr11Ak ISecured and Uns~cur~
_ Post Office~o~470 ~'c~r~ Pi~r_~~_ELQ~isla___ ~~s: ~,pr.iL2Q,_ 19 8~__ f 5~ 762...49
~ucAr~oH
rll 20 ~q ~ lwe T~rms:
No~s No. , 1- O~t~d: ~.p .
Pr«Nds i -._4a..-1.84..QQ _
FINANCE _ . _ 1,-~-~~ 33---
- ---(~i~1.____._~IXT.Y. MQL~ITHS._ • CHARGE ~
a'te~ date the unaer~igned, here~na`ter ca~lad Maker, ~ointly and sevo~ally pocum~n~ary i__..__.___._~._~__
promise(s) fo? value recewed to pay to the orde? ot the 8ank at ~ts otf~ce Stamas _
as +~sted above the sum ot (tota~ of payrrents)_.EIYE. THO.CISA~fD Cred~t ~ife (or life 216 3?
SEVEN HUN~RED__SIXTY. TWQ..A~1I?_~-_--40~ 100,-_.. a Oisability) ~ns.t -
_ •------~-~--~-~-----~~---~~~~-~~~•~~.•---Uollars Othar(ilemite)
~ . 332 33
payable in
with infertsf thereon af ths rafe of _,1 1...12. .....96 per annum, all ~
6O monthly in:tsitmsn~s of S.9E?~.44.. e~ch on ~he ..~OL~_._ day of ----•-----2~~~--
each suaeuive month commenci on s._.None.__...~__
~y Ma.y._ 2_0_.__- 19??...., tuyethcr wt~h •1 -
annouNT .
a BALIOON PAYMENT OF =--_..~YDT1_g ~u° .---•--.~I_4I1~..._.__. 19 pINANCEO s. 4,~.Q5..Q~.
A fine comp:red at the rate of S.OS per 51.00 on each instal~ment in default fo~ ~~~ately rnliected
a period in excess oi 10 days may be charged the Maker. No such fine shall eXCeed a~9 s(itemize)
=5.00. Maker is required to pay all costa of coliechon, includin9 a reascnab~e anor- ~gX . 1 ia 52_.
neyis fee if referred for collection or legal pcoceedings. A11 payments, whett,e~ p•~~- reeording fees __14 Q~
cipal, in'erest or orherwise, ~ot received when due shall bear inrerest at )0°Yo pe.
annum from due date until paid. Aft payments made he~eunde~ shalt be cr~d+ted ANNUAI PERCENTAGE RATE ]„]~,]Z~
iirsl fo in:eresf, then to lawfu) tharses thtn a:crued, and Ias1 to p~incipal.
If ths loan is p~epaid in full, saelerated or.refinanced, the Maker shall as of the date of such event receive such refund of the un- -
earned portion of the credi? life insurante p?emium and finance charge.and such othcr credit as may bs required by law or ss may be
necessary to avo;d usury, prov~ded tFar fhe Holder may re!ain a minimu~n fi:•y~+ce tharge of s2S.00, whether or nof otherwise earned,
and except in the case of a ref7nancin9, no finance cha~ge o. premium refund shatl be made if it amounts to less than S1•00_ Retention
of any m~nimum fina~+ce shall be in addition ro service charge if a~y. Any fengvage elsewhere herein to the rnnrrary notwithsbndin9,
neither Bank nor any holde~ hereof shall reteive or retain any charge or intercst not allowed by law.
As ucvrity for ths payment of thls note Maker has p~edged or dcposit~d with Bank the following property: -
UNSECURED__ --Second MortQage on ro~erty_as additional collateral~ see over
- - - -
-
-~4r__cL~~~r.tpti~o~. ~-v-.
(inctuding all cash, stock and other dividenda and all rights to substribe fw stcurities incident to, declared ot yranied in con~ction with
suth properfy). whith properhr, togelher with all additions and substitutions hereafter pledged o? dcpos~ted with Bank is called Ihe Co!-
latersl. Ttx Coltareral is ~Iso pledged as secu~ity for att other I~abilir~es to Ba~k, (primary, secondary, direcr, conringent, sote, joint o-
- seve~al), due or to becane d~e or which may be hereafrer conrracsed or acqv~red, of each Maker (or of each Ma4e~ and any olher per- '
son). The surrende~ of this note, upon payment or otherwise, shal~ not aifect ths right of Bank to rotai~ the Collaroral for such other _ !
liabilities_ - t ~ ` - - - - . " • - - _ - -
CREDIT LIFE AND CREOIT IIFE ~ OlSABIIITY INSURANCE ARE VOlUNT0.QY A 0.~O ? RE(~UIRED fOR CREDIT_ Such insurance
:o~erafle is available the cost des~gnated balow for the term of the ~re:3~r. (a) S~l.h..~~ for Cr~dit life lo- -
w:ance (b) S .~!-'n~...._ for Credit l~fe ~b Disability I~wrancc: . . - - _ -
Check ~ ~ ~ - _
~ I. ~Cred~t Life_Insurance is desired on the tife or.l~~~=___ :Elie~s.e__ CQale}c---_- _ . _ =
~ - Birthdate~ - - ~l `i 6- IB~~~_~ '
Q Credit Life 3 D~sabit~y Insurance is desired on - - -
- .f Birthdate _ - - - _ - _
- p ~redit life end/or Disabiliry Msurencs is not - . - - - _ ~ _
Oale: ~r1~Q~~Z~.: - Sisnature - - - - - - - - - _ . - _
_ . - = 59nafurc - - - _ - - - - - - - = ' _
Ad~itiaris ta, rcd:xtierss o~ excha^grs of, or svbsti!utions for th~ Cellase~al, paymer,ts an account of th~s 'can or increases of tF> ~
same. o- othtr toans made partially or wholly upon the Collateral, may from time to ~~me be made withovt affertin9 the provisions
of thi; nose. Bank shall exer:ise reasonab:a csre in ~he custody and preservation of the CoI{areral to the extent reGuircd by applicab!e ~
ststute, and shait be deemed to have exercised reasonabie care if it takes svch action for that pwpose as Maker shall reasonably request -
tn wririrtq, but no or+n+n:c:? to de am/ xf r.at requested by Maker sha~} be deemed a failure ta exerpse reasonable caro, and no omis- _
sion ?o compty with any rcauesr of Maker shall of itseff be deemed a fa~t~re to exercise reasonable care. Bank sF.ail not be bound to -
take any steps r.er_esary !o c^_~+ve any ~~gh~e in ?he CoNateral agaiest p+ior parsies and Maker shall take atl necesssry steps for such
pur~oses_ Bank or ~ts nominee need not colleci interest on or principal of any Collateral or give any notice with respeet to it_
If 1he Collatera~ sha01 at arty time btconse u~satisfadory to Bank. ;A;ker stali within one day after dtmand ptedge and depos+t - -
with Bank as part of rhe Collate.al additio~al properry which is sarisfacrory to 8ank. - -
I{ If Qank deems ~t:eif insecure, or upo~ the nappemng of any of t»e foltewing events, each of which shalt constitute a defaolt here- _
~ under, a~l tiaci~ities of each Maker to 6ank shail thereupon or thereairer, at the ootion of 8ank, without nosice or demand, become due _
and payable: (a) rhe feilure of any Obligor (which term shall mean a~xf ~ruFude ea~h Maker, endwse~, surefy, and guarantot of this
; note) !a perform any agreement hereunder, to pay ~nterest hereon wrthin ten days after it is due, w if there be no due date, aker it "
~ _ is billed ar otherwise requested or demanded, to pay any other liability whatsoever to Bank when due; (b) the death of sny Obliqor; _
ths filirg.of any per~~ion under the Bankruptcy Act, or any similar federol or state sratute, by oray ainst any Obligor; an applics-
~on for the appointment oi a receiver for, the meking of a qenerel assignment fw the benefit of creditors by, or tfie insolvency of arry? -
" ~li9or; (e) fhe entry of a judgement agairut sny Obligor, (f) the issuiny of any attach~nero or gsrnishment,. or the filin9 of any 1ien,
against any prope.tv of any Obligor: (g) the taKing of possession of any suEsta~t~al pa~t of the property of any Obligo~ at the instance
of eny governmenral i~thoriy; (h) the disse!~tion, merger, consolidalion, ur reorganization of any Obligor; (i) the assigrtment by any
Maker of any equiry ~n any o~ the Collateral w~thout the written consent of ths Bank. Exh Obligor hereby waives any rcquirement of , -
nct~ce ^_r derwand re/!ecting such acceleration insofar as such requirement !,e in adJition to the mere exercise cf any remedy affwded in
th+s Note or the institur~on of suit by the then holder_ = . _ - -
Bank shall have, but shall not be limited to, t}~e following riahts, rxh uf whith may be exertised at any time whether or no~ this =
swte is due: (i) to p:ed~e or trarsfer this ncte and the Collate.al and Bar~k shall therevpon be ral~eved of all duties and respons~bii~ties
hereunder and relie~ed from any and sll liab~lity with respect to any Coliateral so pledged or trans(erred, a~d sny pledgee or trans- '
ferea shall for all pv~poses stand :n the plsce of 8ank hereunder and have alI thM rights of Bank hereunder; (ii) !o transfe~ the whole
w any part of the Coltareral into the name of itself or its nominer, (iii) to vote the Collateral; (iv) to notify the ~Jbligors of any Col- ' -
latera! to make paymenr to Bank of any amounts due or to become due thereon; (v) to der++and, sue Sor, col!ect, or maice any compro. -
~ mise or urttement it deems desirable with reference to the Collateral; and (vi) to take contrd oi sny proceeds of Collateral_ :
Banlc ~s hereby given a lien upon and a sec~rity interest in alf pro~rty of ea:h Obtigor now w at a~y time he?eaher in the pos-
session of Bank in sny cspaufy whatsoever, Including but not limited to any 6alance or share of arry deposit, trust, or sflency accoont,
~s the securiry fo~ tfie payment of this ~ote, snd a similar lien upon and xcurity i~terest in all euchpr operty of each Meker ss security -
fw ~he payment•of all other tisbiliries of each Msker to Bank (ii+c(uding !iabilities of each Maker snd any other person); and Bank shall -
~ have N~e ssme rignts as to such prope.ry as it has with respect to rhe fo'?ateral. '
If 8ank deems itself insecure w upon the octurrence of any default hereunder Bank shall have fhe ~oreclosure and other remedies
of a secured party under the Uniform Comme.cial Code, or other applical.le law and, without limiting the generality of the fo.eqang, -
Bank shall have the right, immeoiatety and wifhout further sction by ~t, to set off against this note all money owed by Benk in any u.- - -
~ pacity to ench or any Maker; and if such set off shalf occur, Bank shzll trt deereJ fo have exercised such right of sat oft and to have . _
~ maCe a charge aqair.sr any stxh r.~oney immediately upon the occurre:xc c.I svch defavlt even thovgh such charge is made w entered
on •rs books of 9ank subsequent rhereto. Unless the Coltatera! is per+sF~rbte cr tr,restens to decline speedily +n value or is of a type -
cusromarify sold an a recognized market, Bank wiil qive Maker reawnrb'e nor;~e of the t~me and ptace of any p~bl~c safe thereoF o~ of
tht !ime after which any private sa~e o~ any other ~~tended disposition thereof is to be made. The requirement of reasonable notice sha!! •
be met if sixh notice is mailed, postage prepa~d, to eny Maker at the addre~s given below or at a~y othe. address s'nown on the rtc-
wds of the 8ank, at le~st five days be~ore the time of the sale or dispos:+ion. Upon disposition of any Collareral sher the oaurrencc
. of any defavtf herevnder, Meker shall be end remain liable for any deficiency; and Bank shall account to Maker for any s~rplus, bvt
Bank shall h~ve the ri9ht to epply sIl a~ny part of s~ch surplus (or to hold the same as a reservs apainst) any and all other liabiiities
of each or arry Nlaker ro Bank. • • ~
No dalay w omiuiw+ on the pa~t of Bank in exercising smr right hereundcr shall operate as s wsiver of such right or of any otMr
riyht urider this note. Presentment, demsnd, protest, notice of dishonor, and eztensio~ of time without notice are hereby waived by
esch and evsry ObGgor. The Obl~go•s, jantly and severally, p~omise end ayree to pay sll cosrs of collecNOn and reasonable anw~eys' ~
~ _ fees (no~ ku than 10'Xs of the principal sum) incw~ed or paid by 8an1~ in enforcinq this nore upon the occurrence of any defsvlt. _
- Any notice to Maker shall be sufficiently ~sarved for a!1 purposea if leh vpon or plsced in the msi1, postaye prepsid, addressad to rhe
premises ~t the address shown below or em other address shown on Bank's recwds.
Wherersr this ~ote is e.ecuted by a co~nake? or endorser who is tha wife af a maker or endorser, the said wife does hereby ex• _
pressly ~clcnowledqe the within debt as her jam and individual -debt.
Each of Maker acknowled9es rcceipt oF a completed copy of thii N the above date. -
Address: _...~.Q~7r~Q}lELfS_~IIa[~-~.__._.____ / _ (Su~
- - _ Eliese Cooley - - ~ -
= - Fort Pierce. Florida ~ ~s..~ =
F85 770 7/76 ' QVVR_~~?~/' R ,
_
~ a., ~ . , ~