HomeMy WebLinkAbout0243 _ , ,
; 8~_~90.~~ S~uart, Florida. - t"~~'~'.t1.24 19 ?7 Note ~
See payment s~hedule ~ZOW after date the undeniancd (aad it more thaa ont. tach ot than
joindr aud sevcra!!y). herei»atter alled Alaker, promises co pay to the orde~ of
FIRST NATIONAL BANK AND TRUST COl11PANY OF STUART
~t i~s ofliic at Stuart. Fiorida, EI~ ~ ~/100 - - - - - - - - - - - • - - - - - - - -
it e nsurance
(which amaunt indudes Procetds oE 3 7~~~.0~ plus ot6er cF~araa~...~in.~8Y~df~C..~AJttpS
(Descnbe
oE S g•~ raulting in an AI~fOUNT FINANCED oE S 8n~0~..IlOj with interat at an ANNUAL f'ER~ACE RA'I'E of
8. S °Jo p,ya~k see belnw which resul~.c in a FINANC~ CHARGE ot i~~~ ~.~n (Compuced on a 6 monch nwturicr. if
demand obligation). IE not induded above. othcr chuges ' in tbe amount ot s"" 6ave been
collected [rom l~faker. As secvritr ior the payment oE this note l~faker hu plcdged or deposited writb Bank the tollowing property:
Assi¢nment of 1000 shares Florid~ Pa~aer f tsght
c~pAnTN4. M8S15Q
Repayable in 15 annual payments of #9,634.40, including nrincinAl ~nd ;rrp,~~r,~;n,,;,,g
JR .vf+~
7' 1 Q7~ ~ n.r..w~.
~Ri
~t_~sT+ I„ pr~st TaTahle on_.B~a+~irs ~~197 ~ ~u~,a~~ p~~~~(~ ~ ~ ~
[ALL~J ~ 1'
~ ~`1U .~i~J: c .
(includi~p al~ easA. atoek aRd otAer dividesdi and all r+pAtt to ncbser~3s /or ~~e~ritist iacidswt ~e, dse[ared. os prawte~ n~ eou»eetiox +vit~
iucl~ property). wAieA property. toyetJlcr x>itA a/l additio~ei a~d ~ubatitxtinni AcssaJter pledyd or dspoaited witk Bu~lc u ealled tl~s Col-
lnt~ral. TAs Co~/ateral is also pltdped at seturity /or all other liabilitist (primnry, seeoxdary dir~el. ooxtixp~t. ~ols. joi~tt or teveral).
due or to 6eeoASe dx~ or ~clliuk ~xay be Aeseajte~ eontr~aeted or atquired. oJ satA 3fek~r (a~e~irdnc~ saeJk btaker and axy otllsr pe~~ox)
to BnxAr. TAe ~rre~[d~r oJ tAit xots. wpos pay~nent or otAerwits, ~kall xot sjJeet tAs riakt ~j Baxk to retaiw tAt Collateral /or swJl
otker liabilitiei. .
Additsoa~ b. r~ductioar or ~scl~anqra d. or rub~KNtlao~ br fD~ CoilaMral. yaro~ab an aooo~at d Ibis baa or iaaws~s d tM we~. or oth~r
]oaas mad~ partjallt or wlaUr upon th~ CoUst~ral. maY lram tim~ b tlm~ b~ msd~ witAwt ali~etiaq IM peovisbns d thls aot~. Daak ~6a11 ~zaeis~ r~asoa ;
sbie cu~ in Ibe eustod7 and prss~natbn of th~ Collstsral to th~ ~][l~ol f~Q11~{~ ~ appljcatjaa statuM. aad ahail M dMm~d b ha~~ ~z~rdsM na.onabJr <
cuo if G takes suc6 tctloa for that Qurpw~ a~ A[ak~r aLall rwso~nablT »qu~st ia writinq. bul so omisaioa b do aaY ~ct nof r~quest~d bt Mabc ahall b~ ~
deemed a Wlu~e b~z~rei~a reawnaW~ car~. aad ao omia~ b oomply with saT rpu~at o! b[abr ~aY d iwU b~ d~smed a tallur~ b u~~ciM rwon-
aDls car~. Bank sball not b~ bound b ak~ aar qeps ~~c~s~ar~ ~o pr~sen~ an~ riqLu in th~ Cdklesal +4+~ P~~ P~s aod Mak~r shdl Wu ail a~
eu~r iiap~ for aucA pusposes. Bank o~ its nomtnN u~sd aot coUact iatsnst on ot priacipal ot anl CoOat~ral o[ qi~~ aaY aotic~ w~th rMpsd to il
U th~ CoUateral ~Lall at anr tim~ b~ uasatldaebr~ b Baak. llalc~r ~all within oa~ daY ~ibr d~sapd pl~dq~ and d~poa@ with Baak a~ pstl d
tho Collatsral addifioaal pcoput~ wLich is wtislaclo~r b Baak .
Bank decros iueL tos~cw~. or upon ~W~ happ~nioq d anT d t!?~ bllowtaq ~v~ats. ~ach ot wbfch aha11 eoosritut~ a ddadt l+~r~und~~. all
liabUiKa o! ~ach I~[akK b Baut shaU th~r~upoe or Ih~r~ah~r. at W~ option of Hank vnLhout notW or d~mand: b~oom~ dw aed pafablr. tailuz~
oi anT Obliqor (whkh tum sha11 meaa aad iaclud~ ~ach D(ak~s. ~odors~r. su:+tr aad quarmwr ~ ttiis aoe~) b p~rform anr ~qr~smeat bsreund~r. to .
pap inbrat h~nos nrtthin ba daps ah~r it i~ bill~d or oth~nriw z~quaaad or d~mand~d. or b P~T othK IfaWWT whalw~~~t b nauk whtn du~: (b)
tLs d~at6 d an7 Obliqo~: (cl W~ lilinq d aaY petition uad~r tb~ Baakiuplq Act or aoY eimilar l~deral er ~tat~ sutut~, br or ~qaisst aaT Obliqor: tdl aa
applicstloa lar 1b~ appoinom~nt d a nni~~r b~. t6~ makinq ol a qen~ral a~qnm~st tor th~ b~n~tit o[ ~ditors blr. ac th~ iawh~ al aaT Obliqar ~
t2~s ~nert d a judqm~nt sqaiast aaT ObUqoc: lA tl?r i~suioq o1 aaT auachm~at or guuishm~nt a~ tM filioq o(. ast liea. aga6at au o oE aa
Ob[iqor. (9) tt?~ takioq ot poss~ssian ai aaT substanWl p~rt d tb~ Qaop~rt} o! anr OWlqor at the Los~a~o~ d~a~ qo+uam~ntal autLo i~: (1~ ih~ dir ~
wtutioa. aurq~r. oaawlidadoa. or rwrqaai~stion ot aat ObBqor. (il tM aui~qaa~at bT aoY l[alur d aat puftr 1n aaY ot th~ ColiaMral wNhoat th~ ~r~iu~n }
cm.~nt d Bank. ~ . '
Dank aball Dan, bnt shaU not b~ IimiMd b, tM loliowisq riqhb. Nc6 d wbic6 mty b~ ~:ttefMd at as7 lioa wb~ih~t or sot tbL noN is dw: W ~
to pl~dq~ os traa~c Ibb mts and th~ ColLttra! aad Baok ~haU Ih~r~upoA b~ reli~wd of all dntlw aed tNponsibWWs h~rwpd~r aad r~lbvsd from
anl asd alt IiabiGtt wita r~speR W an~ Collateral ~o pi~dq~d or traasinr~d, and anr pladqN or trae~f~sN ~hall bc all p~apo~q staad fa 1b~ p1ae~ o!
Eaak ~rwadsc aad ha~~ all th~ riqhb of Hank Ler~und~s: (i~ b transt~r th~ wLol~ or enr part d~ ColW~ral Inb tb~ nam~ oE itwlt or it~ nominN:
(ull b~oe~ tL~ Coliat~ral: Ur) b notitT th~ obligon m aar Copas~rat b mab pa~a~nt eo Baalr ot aK aawunb dw~or fe b~cam~ dw th~r~oo: (Y) b
d~mand. ssu lor. odl~cb or mak~ aaT oospromis~ or au4e?~at it d~eau d~sirable w[th r~l~r~oar b 11~ CoUalual: aod (~Il b tak~ oo4erol ot aat prooe~ds
oI CollaMraL
sank ir ba~ qi~a? a li~n upon aad ~ sKVrit~ fnt~nrt ia a!! prop~rtt d wcl~ Obiiqar ao~ ar at asp ttw~ A~nah~r ia 1b~ po~sMSion d Dank ~
ta mr upadtt wl?abw~~r. fncludEnq bul not lim:ad b aaT balane~ or shat~ d aaT d~poa[t, vu~t. ar aq~c7 acoount, a~ a~eurit! loc th~ W7~~ ~ i
tbL ~eoM. and a similat litn apot? and s~cntiqr iaterMt is aU such proptitr ot ~acb Isak~r as t~cmitt ior ~s p+im~at ot all oth~r 8abflit~a o! wcb ~(ak~r
to Baak (iadudioq llabilit[M ot ~seb D~ak~r and aaY oth~r p~noa): aad Sank ahall Dat~ Il?~ ~am~ ri~j~ a~ b such prop~stY as it has w4h r~speet b tIw
Col4t~tal. ~
Dant dMSS iWB iasecur~ a~ npoa t6~ ocaunoo~ oi aaT dd+Wt Mrwsd~r naak a~aD Lw ~ srm~dlrs aI a Ne~u~d putt uad~r ti?~ Ua!-
form C.oamucW C•od~ and. wUhout limftioq 1L~ qea~ralitT d th~ for~qoieq. baok ~haII ~a~~ tM tiqLt, f~dtat~ and wilLout lurih~ action bT k. b
s~t af! aqaioat tbis sot~ aU mon~~ or~d b7 Bank in ao~ apsdtr W~ac6 or au~ 06ligor. w6N~ ar aot dw, aad aLo b Nt aft agaiast al! ot6ez
UabiLtlr d ~ach Hak~r b D.al~ all mon~r owd bT Baak in ~aY apacit~ b wcb or anX 141r~u: a~d lank shaU b~ dwad b he~~ ~nrciNd wch
rtqDt d plod aad q ha~~ mad~ a eAarq~ aqainat aa~ sue~ moeq ims~diaMl~ npoa ~h~ oacwr~ao~ af a~di ddanlt a~~a tLouqe snch d?arq~ i~ mad~
at ~ntu~d aa d~ boob ol dank w6pq~wat th~nb. Uaiw tb~ ColLasal b p~rwt~abb or tbr~aM~s b d~clia~
tomni}! wW oo a r~oogais~d markN. Dwk will qi.~ Maka n~.ooabb aotio~ d~ tim~ aod p4o~ ot ~~r fe ~alw or L d a trp~ cus-
m!' P~k aal~ th~r~of a~ oi th~ lims alter wl?ich
aaT pi~su s~b ot ani oth•r inl~eded di~poaitjoo tL~nd 4 a b~ mad~. TM »quirm•nt of na~arbM aotic~ ~halt b~ m~t i! wch ~otic~ is maiMd.
P~+9~ PnP+b. b~eT Mak~r at t~ addrw qi~~a bbw at st aar o1b~r add»~s sAowa ao tl+~ :~e~sds d ~h~ Saak. at ba~t ti~~ daYs b~lor~ th~ 13ma
d tM s~i~ ac dbpoaBm. Upoa dLpoaition d anT CoUa~ual ah~r t6~ ooeurnao~ ol anY d~tsult Maw~B~ Naka sLaU D~ and r~mafn liabl~ br anr
d~tici~ee~: ~sd Eank shall account b Dtak~r to~ an~ surplus. but SanE s6all ha~e t~ tlq6t b ap~i~ ~6 ar anr paR ot ruch surpl~u (or b Lold !hs sam~
u a rwr~~ aqa~ aa~ aad ~A oth~r liabiUtiN o! ~ach os anr Maka b Sank.
!b d~41 a o~Lrion oa th~ part ot Dank in ~s~rci~Oq anY riqht 1w~uud~r shall oprraN s~ a wah~s d a~ ~fqht ar a[ aa7 ot~r riq6t uad~r
thb aoM. Pcta~ofoNnt d~mand. ptot~st. aotfe~ 01 dishosor. aad ~raasion d tis~ wi1lwut aoliw aw 1r~bT waft~d br ~~ch and ~~~ry Obligor. Th~
f~~! aod N..rallr. prami.~ aad aqr« w paY alt earu oI ao,Metio~ ~ud anora~ri M.s ~q~i w 1056 d t6~ pri~,cipat .nm or .uch l~sq.r
•mwat~ a~ maT b~ rwooabl~ aod juN ixurid or paid bY Haak in ~ataa6,q Ihb~ noa upon tb~ oo~o~ d an~ ddauh. AnT notin to Mak~r ~hal1
b~ ~~ntil Nn~d br ~lt pucpw~~ t! plaad ia tA~ maLL pwtaq~ pr~w~d, ~ddr~wd 10 or Wt opaa 1~ pr~s at, ad sbowrn wlor? or aoT
other addra~ ~awa oa Banri r~oords.
Malr~r acl~aow ot a ooe I~td ao d tLls Ngep oa tjM~ J dat~ ~
~flR'IH RIVER ~~n~IS CL~B, IhG~ aeoK g r'R:;Fi413 ~ ~
~-Y: ~~o ges, re o es, SEAL
.~1*tes : r~ge rg . ges, e ges~1~. SEAL •
~ . ~t . . 2 b 8 2~2-A
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