HomeMy WebLinkAbout0437 l 8 O 69-100R-R~o~r from: Fon LIM Syst~ms, Box 1lS27. T~mps 3~609--S72•793~ T- 7]6o Rwis~d 12-69 •
COLUTERAL NOTE-81NGLE PAYMEHT .
.
Z 17.500.00 Pp11TpERC~FLpq~p,A June 2 _ ig?7
August 1. t980 ~fter date the undersl~ned (and if mom than one~
each of them jo~~tlr and severally). heroinatter wlled Maker. prontises to pay to the order of
SUN BANK OF ST. LUCIE COUNTY
at its oHice at Po~ ~+~a? hereinaHer called Bank
Seveateoa thous$nd five hundred aad ao/100 ~~a~ DUE
tT 500.00 n/a L. & D. No.
cwnkh •mount inetue.. woe~.ds ot i~ ~ p1YS otM. aa?ps .
ot : o/a ~wn+K i~ Nwou~+r ~wwc~o o~ ~T, 500.0~ ~,,,,~~n r„~.,~,~,~, ANNUAL PERCENTAGE RATE ~
wnkn ..s~es i~ a flNANCEyCHARGE ot 3 T48. 60 ~ .a o~ a s~tn m.cw~cr. ~~~~sn~w?~. ~t ooc i~i~a.a .bor.. dne.
tn.?~..Doc. tam a-~Z~_(D~c~~F~~~~"e VU' ~ haw W~n coll~etW irom MsIcK. b
!ne• 1~~:~ ~ eC• • ~ •
:~cuAt~r tor tM Wrnwnt of tAk nob Msls? h~sa.~.~ o? d~posit~d wIM Bank tM io11owin~
First Mortgage on Real Eatate a• recorded berewi~
. AND
Certain Equipment per the attached schedule ~rbic is s part o t ~s note.
(~ncluding sll cash, stoek snd othK dhridends and sil rtghts to wbacribe fo? securitles tncident to. deciared or grsnted in connsct(on with
such p?operty). whkh propsrt~?, to~th~r with aN sddltions snd wbsdtutlons herealter pledged or deposiNd with Bank is cafied the Coi-
lateral. The Collateral n atso pkd8ed ss securitp !w all oth~r IiaWlities lWimsry, secondsry. direct, contingan~ sole, joint or several),
due or to becomt due or whkh may be hereafter contrscted or acquired of eech Meker (Including ~sch Maksr sr~d sey otMr person)
to Bank. The surrender of thfs noi~ upon psrment w othe~wJss, shall not affect the right oi 8ank to mbin the Coltsterst fa such oiher
liaDilities.
CREDIT UFE AND CREPIT LIFE ~ DISABILITY IHSURANCE. ARE VOLUNTARY AND HOT REQUIREO FOR CREOIT. Such Inwrsnt~ cov~rap ~s w~flaeN ~t tM
cost d~si=nst~d bNow iw tM t~rtn of tM e~df~ (a) t for Cndit Uh Inwraen (b) i for C?~dR Uh d~ D~s~biNtY Ms~+~snc~
Chxk ~ Cndit Lih Insuraec~ b d~sind on tM Iit~ nf BIRl+dst~
~ Cndit Uh 6 Disseipty Irau?anu b desierd on
~ bf~Y4 4i~ NIy%{M Ni~U~Yi~ ii~iYi~w.~ is HVa vw~iwi~
(Dats) . (Si~natun]
Addidons t0. nduetlons w~xehae~~s of. or wbsttttRia~s ior tM Collat~~sl WY~+M~ on sewunt of tAfs loan w inertaa~s of tM ssm~. w otl+~r
loans msd~ PsRU11Y o? wAolly upa~ t!N CollatWSl. may irom timt to thM 0~ msdt MritlMUt sH~cttrK th~ prwisions ot this not~. Bank shall ~nrds~ rNSOo-
sDi~ un in tfa custody aed pr~rvatlw~ ot tM Collat~r~l to the ~ct~nt rpuir+d by appliubl~ ststuN. snd shall b~ dNm~d to haw ~arcis~d rasonabN
can if k tsk~s weh setion for that purpop ss Msk~r shsq r~asonab~r nqwst in writin~, but no omission to do any set rat nqu~st~d by iisic~r shaN b~
de~m~d a fsilun to ~x~is~ naso~abM un. and no aMssb~ W oa^P~Y ~ any epu~st of Malw shall of its~N b~ d~em~d a f~ftun to wRta~ r~asoo-
rWe u~. Bank sh~il not b~ bax~d to tab any stps n~c~sMry to pns~rw sny ri~ts in tM CollatKat nainst priw psRl~s and Malw shail tala sp Ma
~sssry stps for such purpos~s. 9ank w fts naninw nNd Rot eolbet inbrat on o? princiWi ot ~nr Collstersl or ~iw any notlcs rriM ~sP~et to f!.
H tIN Cotist~l sAaN st srry tim~ atortN unsatlsfattory to B~nk Malc~? s~ll wttMO on~ u~7 an~r d~ms~wi piWn snd d~posit wkh Bsnk as p~R ot
~ th~ CoIIaR~I sdditiona! propwtr ~rhich is sstisfactory bo Bank
If Bsnk A~rra ItsNt ins~wn~. w upon tM Aspp~nln~ of amr of tM fdlowM~ ~vrnts, wch ot which shsll constitub a d~fsult Mrwnd~r, sll
! Iiabilitl~s of ~sth IMai~ to Bank sh~ll th~nupon w tMrasR~r, st tM optlon d Bsnk wkhout ~atk~ o? dan?sod. b~com~ dw snd p~yaWr. (a) iailurr
~ oi any OWisor (rrAkh tNm sh~ll mean and fnclud~ ~ach Male~r, tndoestr. wntY and tuarsntor of thfs noN) to pMortn any s~nemMft henund~r. to
~ pay i~tsept Mhon within ttn daps sft~r it is WiNd or dM~is~ nqwst~d w d~nand~d. or to psy any oth~r psbility whatswver to Bank wh~n du~ (b)
tM dwth o! am/ OWisor, (e) th~ filin~ M sny pdition under tM Bsnkruptcy Act. or any simibr f~dsral or state statut~. by w apinst sny OWi~or, sn
~ apptiestion tor tM appoiMm~nt of s neNva iw, tM mskie~ of a t~rat assl~nmtM for tM b~n~fR of en~tws bY. o? tM insolva~er o1 sny OWi~or.
! th~ ~ntry of a Jud~~t assinst aey OWi~or: (q tA~ issufns ot iMr sttschmNK w prnishnant, or tM filins ot any tiu~. spinst •mr pr~op~rtp of any
4 OWisor, tM bk1n~ of poss~ssioo of any wOstantlsl paR of tM prOp~rty of aeY OWi~w st tht instanc~ of sny `ov~mmsMal autho~ity: (d) tM dls-
solutip~. ~Mrp~ eonsolld~tiw~, or norpnization d anr Obli~or, (f) tM sssl~~me~R bY sny Msk~r o~ any puity in any of tM Coilsttnl vritMout tta writt~n
cons~nt of Ba?k
Bank fhall haw. but shsll not 0~ qmit~d to. t!N 1o110w1oL rishb, pth Of whith msy b~ ~x~rtis~d st anr tirtw rrhltAe/ or not this nd~ b duC ~
to pt~ or trarahr this nob snd th~ Coflat~ral snd Bank shsii tiwr~upon b~ ti1ltv~d of sll dut~~s and nsporssibilities henundu and nli~wd lrom
any and aU IIaDiNty wkh r~spact to any Colist~ral so pNd~~d or tr~nsftm~d. and any pNdsN w trsnsf~rN shsll for sll purpos~s sisnd in tM plau ot
eank Mnund~r and Asw sll th~ A<Ms oi 8snk MnundK pp to transtt? the wfal~ o? any psR of tM Coiisbrsl into tM n~m~ oE itsMf w its nominM;
(iii) to vot~ tM Co~~stsnl: (M to notilp tM oblf[ors oe any Collatwsl W msk~ payin~nt to Bsnk of any amounts dw or to b~tom~ dw th~roon: M~
demsnd. sw for, colbct. or m~lu sny wmpromis~ o~ s~ttlerMnt K dwnf Nsirabl~ wHh r~hrenc~ to tM Colbt~ral: snd (vi1 to taic~ coMroi of ~nY Proc~ds
of Coilst~rsl.
Bs~k is Mreby [Iwn a ti~n upoe snd • s~curfty IM~r~st fn aq propKty oi ~sch Obp~or now or st sny drM Mroafter in th~ poss~ssion of Bank
in sny eapsckp vfistswv~r. includins but not HmitW to sny bslanu or shar~ of sny d~posit, tnnt. or ssency secount. ss s~curity iw th~ p~ysn~nt of
this nd~, seM s sfmllar YN~ upa~ ~nd s~eurity iret~rpt In ait sueh pro{NRy ot ~seh id~k~r ss s~eurity iw tM paym~M ot all otMr fiabilitiK of ~seh Malnr
to B~nk pncludln~ liseilitlp of ~ach Id~k~r and any dhe~ p~rson): and Bank shstl Mv~ t1w ssm~ ri~hts ~s to such P?cPertY as R has aith rssp~ct to t!N
Co1lst~rsi.
If Bank dMms RsNf Ins~cun or upon tM occurr~nq of any d~twk h~r~und~r B+nk shsll hs+rr th~ remedtss M s s~cund psrty unQe~ th~ Unl-
form Comm~rclal Cod~ snd. rrithad limitin~ tM ~enKSlit~t of tM (orKoin~. Bsnk shail hsw tM AgM. imm~diately and wkhout further sction bY K. to
sot off ssai~st this nd~ sll maay ow~d by Bank in sMr upscity W Neh o? sny OWi~. rrAeth~r or not dw, snd slso to s~t oH s~sinst ali dMr
~iabiliWs of ~scA Msktr to Bank sll monty arW by Bs~k in any qp~3ty to tsch or any Msker, snd Bank shsU b~ de«n~d to hav~ ~eercis~d such
riiM of s~toH and to Asw msd~ a charg~ a~sinst any such mon~y imnwNstNy upoo tM oocurt~nc~ ot wch d~fauR ~wn tAou~A such chars~ Is mad~
o. eM~r~d on tM boob o1 6ank wbs~qu~M thM~to. UnNss tM Coll~bral is p~rishabN or thnstan to d~clins sp~sdily in vsiw or is of a typ~ tus-
~ tomsrilr sold on s nco~nii~d msrk~t. Bank will ~iw Mak~r nasonsbl~ notiu of th~ tirtN ~ed Wsee of any puWic sal~ th~reof w of the ~rn~ afte? which
~ any privst~ ssi~ or s~y otMr iM~d disposkian thtr~ol is M b~ rn~da TM nQU+?arwnt of nssonsbb ndic~ shsll b~ met if such naOC~ is mail~d.
postap prpsld. to sny Msbr ~t tM address tiwn bNoM? w st sMr otMr ~ddrtss shown oe tM ncords d tM Bank, st Nart fiw days betor~ tIN dm~
oi th~ s~N o~ dispositbn. tipon disPositio~ M sny Co1lstMS1 aRN tM occu?r~nc~ ot sny defsult h~r~under. Maker sAall b~ snd nmai~ lisbls tw sny
deNcia~cy; ~nd Ba~k shall sceount to MakK for sny wrplus, but 8sok s1~stl haw tM ~sht to sppy sfl w ~ny psR of wch surylus (w to haW ths sam~
as a nsNw apinst) anr snd sll otMr Iia6iliU~s ot esch w arryr MakM to Bank.
No dNar w ombsion oe tM WR of Bank i~ e~nrcisirK ~ rldd Mhund~r shsil op~rat~ ~s • wsMr of such ~I~t or of srqr otMr ritlrt und~r
K
this nob. Ptis~rrtmant, dan~nd. prottit. notk~ of dishonor. ~nd fxt~nsion of tim~ without notte~ an MnCy wsiv~d bY ~acA and ~vtry Oblt~or. TTM
OWi~ors, joiatly and s~wraNp. promis~ ~nd a~n~ to p~y sll costs o/ colNction snd sttarn~y~ fps pus! to 1~% ot the pr+nctpa! swn or wch isrs~r
amounts q may b~ ~wsonapb ~nd pist inwrr~d or pa~d br Bu~k (n ~ntorc(n~ this nob upon th~ occurt~nc~ ot snr d~fault. My ndic~ to Mslc~r shall
be suMcia~dY s~rwd fot ~N Puryows N plac~d (n iM mafl. postap Prpald. ~ddrrstad to or MR upon tM pr~rnis~s st, tM sddr~ss sho~rn b~bw w sny
ath~r sddnss shown on Bank's r~coMs.
Malwr xknowl~dps ~dipl d• compNbd copp of this t~ot~ on tM sbow dat~.
A~DRESS• (SFJ1U
Ci. A. BOlLSDtl _
(SFJ1L)
o e . or n
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BOQK PAGE ~
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