HomeMy WebLinkAbout0467 ;T T IO\ a L. f3-~
~'l{ O F' f'OR T Y1!: RC E INSTAIIMfriT NOTE
_ =3: - - - - -
~ ~s,~N~ NHti k' (Sewred and Un~tturody
r~~4,~j~~~4~47Q_~'ort_P}c~rce,...Florida---- p~.: _,'~~t~y-19., ~981 _ s 5,_1.4$..$s~_--
~ocA r,u~,
NoN No. O~hd: MaY 6 19 losn T~rm~: .
Prxe~ds = .,4~.000. 00__~
FINANCE : 1, 034, ?9
48 FORT Y EIGHT MONT HS
_ - • CHARGE ? 95
J~~E'! date the und@I;~yned, hereina~te~ ca~ied M~kar, ~omtly dnd severally Documrntary s..
p~0•^~~SE(S~ ~O~ VJIUC rece~ve~ to pay to the orde~ of the Bantc, at ~~S Ol~~CC St3mps
~s ~•,ted abo~e the sum ot (totai oi payR~ents) FIV.E THOliSAND. C~edir ~;fe (o. tife 156 14
9~~IE__HIJNDRED__NIN.FT.Y_.FIGI-iT .AND--.8$~ 1.QQ--. . 6 Disab~l~ty) ~ns.S
poilan Other(itemeze) /~/~p p
~.aaa_wwaav tr_~eaa. . _ . - . Z ~.1CY..T 7 Z
with inter~s~ tfiereon at rhe rate of 35... .~o per annum, a~t
payable ~n s ..._Z~.-.O.Q._...
~8 monthly installments of s.1.O.$.3.~_... each on the .~Qt~l.. day of
each suaceuive month commencing on _Jlll1.E3 ___1.O^ lq , ~o9e~her wah ` ~ ~~Q~~
a BAIIOON PAYMENT Of =._,__~jOAB------ QU° ----WOA@•----•• 19 ~OUNT
FINANCEO s __4~.164~ ~4
A fine ~emp~ted at the rate of S.OS per S1.00 on each instal'nent ~n defau't tor ~~ralely cottr,fed 75 00 Ti @ U'1S.
a Feriod i~ excess o~ 10 days may be cl~arg.d rrte Make-. t3o sv:h (ina shal. ~YCeed • '
j5.C0. Maker ii req~ired fo pay all cos!s of co:lect~on, inc~udi„g a reas~nat~:~ a!!er- ~'j` 9S !'~e '`Q 1Q. QQ
r.ey's fee if roferred for collectio~ o~ legal p~xeedinys. All paymertts, Wn~~?+~~ p~~~- ecor~ing ~e E.....__
cipal, ~nterest or ~therw~se, no1 received when due shalt bear ~nterest at 10~e aer ~~gible t8X .1,QR 4Q~_ ;
annum from dus date u~?~1 paid. All pEyments made ''ne~evncler sha~l be u•_-~i~red ANNUAI PERCENTAGE RATE ]~~'j% .
first to intera~t, then to lawfu~ charQes the~ accrued, and ~as? to pr:nciFal.
tf the loan is prspaid in full, atcelerated o~ ref~nanced, the Maker shall as of the date of such ~vent recaive sucfi refund of the un-
~arned portion of ?hs credit life insu?ai+ce prem~um and finance cha~ge a~d svch orher credit a~ msy bs ~eav~red by law w~a m~y bs
nxesssry to avoid usur~, provided that the Ho~der mav retain a m~r++r.+um t:-:once charge of S25 00, whstnsr o~ nor o!herwiu a~rned,
ar.d excepl in the case ef a refinanc~ng, no fina~ce tha~ge w premium relur.d sha't be made if it arnounrs to less than Z1.00. Retention
of an•~ minimum finance shalt be in addit~on to urvice char9e if any. Any languaye elsewhere herein to tAe contrary nofwithstandiny,
neithtr Ba~k e?a sny hotder hereof shall receive or retain any char~e or interest not allowed by law.
~ As secvr~sy `or the payment of th;s nole Mawar has pledged w depos~`ed w~th Bank the foltow~ng property- ~
UNSECURED- with 2nd mort~age on real estate
~ ~~_..4~~~_
~or_~~_scription--
(nctudin~ al{ ush, stock and othe~ dividends and all ri9hh fo subst~ibe for setvrities irxidenf fo, declared or yranted in connectiore with .
. such proparty), wK~ch aroprrty, together w~th all add~tiw+s and subsrirutions hereaher pled9ed w deposired with Bank es call~d the Cot-
I~teral. The Colta~e.ai is also p:edg•d as sec~.iry for ail ot~er fiabiiiries to ESank, (primary, secandary, d~rect, centingenr, sote, =oint or
s~vKal), due or to become due w which may be heresfter cantracted or atyvircd, of each Maker (o? of eath Maker and at~y other per-
= soe). TF+e sunender. of this note, vpon paymenr a otherwiss, shall not affect the right of 8ank to rerain the Coltateral for such olhsr .
- liabiliti~. - . _ - . • _ .
CREDIT IIFE ANO CREOIT LIfE 8~ 'JISABtIITY INSUl2ANCf ARE VO[tlNTARY AtV~ ~ pT QUIRED FOR CREflIT. Such insuranoe
coversge ~s avai!a~~p at the cmt des~gr.ared bebw fo~ tFe ~erm of tne crcd+t. (a) S 15~._.~~ !or Credit Life In- .
sur~noe (b) S,~`!Q!1@---_~.-----,_v_-------°.- fo~ Cred~t L~fe b Q~sabit~ry Inswarxr- - _
Atp~pl~. a Credit Life Insurarxe is desired cn fhe life of S arol Carr__ - "
- ~x - - Birthdate 7._9-~g . • - - . .
~ Credit l~fe ~ Disabii~ty Insurance is des~red on - . ~ -
_ ~ ~z~-- Birthdate•--- - _ - ~ . .
~ - a Gedit life i:+d!or ~;sability Insurartce is not d_ ed. _ ~ - - ' .
_ Oste: 1~}C--~143~.~~ Sigr.ature ~ ~s~L~-~r~-~~ - - - `
~ ~ - Siynatu?~ .__G/ty' . _ . ,
AddiNons to, red~ctions or exstisnQes ~of, w subst~tur~ons for the Coltateral, paym..,rz on account of this loan o. i~creases of the -
same. or otfier loans made part~atly or •Hhofly upcn the Coi!ateral, may f:om rime to ::~*+e be made without affectiny rhe provisions
of t^~s eote. Bank shell exerc~se ressonable care in the custody and preurvation of the Coilerera~ ro the extenr requ~.ed by sRP~%cable
statuts, and shall be deemed to have exerc~sed roasonab~e ca*s +f it takes such actior for ti,a~ purpose as Maker snall reasonably reqi»st
in writinq, but no omission ro do an~ act not •eq•,xsted by Maker sha~i ~ deemed a fa~turc to exerc~se reasonab{e care, ~nd no omis-
sion tp cWnpty w~th any requesr oF Meke. shall of itse!f be deemed a fa~iurc to exerc~se reasonable care. Ba~k shall not be bound tp
taiee arry steps necessary to preserve any r~ghts in the Coflateral agair:at ~;ric;~ ~ar:~es and MaieEr shalt take ai! necesssry steps fw such
p~rpoxs. Bank or its nomines need not co!lect interest on or p?inciFal of any Co3fareral o~ g~~e any r.ot+ce with ~espeu to it.
i If the Co3laterai shatl at any time become ~r.sati~faaory to Bar.k. Msker s~ei{ wiN,in orze dsy after dcmand pledge and deposit
; with Bank sa part oF the Collstera~ additiona! property wh~ch is satisfactory to Bank_
j If Bank deems itself instcure, or uFO~ the happening of any of the foliowinq cvents, each of which shall c~nst~tvte a defavii here-
f u~we+, a~! ~~abitities of ea~h Make? to Bar.k shall thereupa? o~ thereafter, ar rhe option cf Bartk, without notice or demand, become due
~ and ~sysble- (s) the failure of any Obt~gor (which term shall nean and i:xFude ea:h.Maker, endo.xr, svretr, and gun.anror of thia -
notej to perform any, egreemenr nereunder, ro pay imeresr i:ereon wni,in ren days aire+ it ia due, or if thero be no due dafe, aiter it
' . _ is bi11~d or otherwise reQuested or demaoded, to pay sny other liabiliy whsnoever to Bank when dve; (b) the death of any Oblipor, _
~ ,(ci th~ fitins of any perition under the 8ankruptcy A~tJ, a eny similar federst or state statute, by or against aM Obligor; sn applka-'
iu
~ - tion for the sppointment of a receive~ fw, the making of age nerat assignment for the bensfir of crediWn by, or the iiuolv~ncy of arry -
~ Cbligor, (e) tha ent~y of e ivdQerrnnt ayainst any Obligor, (f) the issuir.g of any atta~fimenr ~r garnishmeat, or the fitirg of any lien, _
a9a~nsf arty property of any Obligo~; (g) the rakir.g of possnss~on ~f ~rr; s~bsltr.•~n! ~an of the property of ar~r Ob!~gcr a! !F.e i~s!arxr
~ of srry qovem+r»ntsl aurhorily; (h) the dissolution, merqer, consolidarion, or reorganizaHo~ oE any Obtiyor, (i) the au;gnment by iny
~ Meker of ~ny squity ~n a~y of ths Collateral without ths wrilten conseM of ths 8ank. Esth Obligw hereby waives ar?y requirem~nt of
not~cs or dsma~d reflecting s~ch -acceterarion insofar as such requiremen~ be in additiun to the me?e exercix of srry remedy afforded irr
~ this Note or the instilut~on of suit by the then holder. .
8ank shell have, but shall not be limited to, the foltowiny riohts, ea~h of which may be cxerciud at m~y tims whet!-e~ or nW this
note is due: to ptedge or rransfer this nore a~d the Cotlareral and Bank shall thereupon be relieved of all duties snd responsibiliries
~ hereunder and relEe.~i from any and all liabiiity with respect to any Coilatera! w p~edged or t~ansferred, and any pledqes or trans-
feree s~.atl for sfI cu•oasee srand i~ the place of Bank hereunder and havc a11 rh~ r;ghts of Bank hsrevr.der; {ii) to lrsrsfer tha whola
or any oan of the ~:.~!areral irtto the name of itseif or its nom+nee; (i~l to vcte rhe Col:aseral; (iv) to notify ti;e Obiiqcrs of air~ Cot-
~ latera~ to make payrrenr to Bank of any amou~rs due w~o be:orree d~e rhereon: (v) ~o demand, we for, cotled, o• make any camaro-
m~se w xttlement ~r deems desirsble with reference to the Collaleral; and (v~ to take contrd of any p~oceeds of Caleterol.
8ank is herebv qiven s lien upon and s secu?iry interest in all property of each Obt~qo~ rtow o~ at any tims hercahe. ~n 1he pus-
ssssion of Bank in any capaciN wha~oev~r, includinq bW not limited to ar~y bale.^.x os s~He flf ;~:y dr~K. ~~t, a aye~y aocouM.
~ es the s~curiN fw th, payrt+ent of this no!e, and a similsr lien upan and secvrity intesest in all uxh properfy of each Maker as seev ~"ty =
for H» pavment of sll ofher lisbilities of e~ch Make~ to Bank (~~cludinq liab~lities of earh Maker and sr?y other ps.soe+); and Bank shall
' ha.s rhe same riyhts as to such properry as it has with rcspecr to the ~oilateral. .
If Bae+k deerns itself insecure or upon the oavrrence of aoy defautt hereurder Bank shall hsv~ the fweclowro and other remedies .
~ of a secured partY vr.~er the Uniform G^.+nmescial Co~ w other applEtable [aw sr.~, .ritha~s! !E:r.e!ir.~- thr ~r.s!ity rc •!x !~re^~is+C.
, Ba~ic shsll hsve the right, immedia?ely and without funher action by ir, fo set off against this ~ate al~ money owed by Benk in any ca-
y pacity ro eech or any Maker; and if such set oK shai! ocwr, Hank sF.ail be deemed to have exerciud such regfit of set off ancf ro haw -
? msde a cherye ~ye~nst any sud? money ~mmedistely upon the occurrence af such default ever? thouqh uxh chsrge is made or entsr~d
~ on the books of Bank subxavent there!o. Unless the Collateral is perishable or tFree~ens to decl~ne speedily in vslue or ~s of a typ~
cvstomarily sold or a~ecaqn~zed market, 8ank will g~ve Maker reasonable norice of the tin?e and place of any p~blic sale ~hereof or of
~ tlx time sNer which any pr~vate sale or any othe+ intended dispos~tion thereof ia to be msda The requiremeM of ressonebie notice shall
~ M met if svch ~otice is mailed, postage prepaid, to any Maker at the ~ddress qiven below w el any other addrcss shown on the rac-
g o~ds of the Bank, st least fivs days beiore the time of the sale or dispos~rion: Upon dispos~tio ~ of any Collaterat after the occ~nence
€ of any defeuit hereunde~, Maker shall be snd remain i~able for any defeaency: and Bank shatl account to Maker for arry surpius, but
a Bank shell ~ave the .ight to apply all o. any psn of such su.pl~s (or to F?oId tM sart+e ss ~ reserva sgainst) at+y and all orher liabil~ties ,
~ of each o~ ~ny Maker to Bank. . . -
No delay or wniu~or+ on the part of 8ank in exercisin9 a~ry right Mrev~der shall ops~sts as ~ waiv~r of iucfi riqhr or of sny othw ~
~ right under this note. Prexntment, demsnd, protest, not~ce of dishonor, ~nd extension of time w~thout notioe are hereby wa~ved by
~ - esch ~nd tvery Obliyor. ih~ Obliyors, joimly and severslly. Promix and prae ro pav all costs of coHection and reesonsble attwr+eys' _
~ fa~s (nW I~ss than 107e of th~ principal sum) incurr~d or paid by Bank in tnfwciny this note upon ehe occurrence of soy default.
Any notice b~Maker sh~ll be wfficiently s~rv~d ?or all purposes ~f lek upon w pieced '+n the mail, posta9e prepaid, address~d to t1»
premis~s at efis ~ddr~ss shown below a any aher address shown on 8ank's reco~ds.
Wh~rev~r this not~ is ex~cused by a co-maker o. endorser who is cl~e wife o4 a msicer w endo.xr, tfie ssid wife does hereby ax-
prtssly- ~tJcnp~wl~dp~ the within aob~ as her jant and ~ndividvsl dsbt. -
- bcJi ;oF MakN acknowledqes rwipt of a compteled copy of this Net~ on abovs date.
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