HomeMy WebLinkAbout0896 INSTALLMENT PROMISSORY NOTE
~ ~N R.~.;~,.e = L 600. 00 ~
1 V?NK NAME • (81 Mmium Ip? G~dit
~ _ uaia~~iev = 44. 36
~ p~RS Office Box 9?0 Fbrt Pierce. Florida lc! oow~anr sw~vs = 3?p,e
o~~c AODRESS ~o~ oa,., cn.~~.. ~;c«„~.~ = None
= Nnn~
~ NOTE NO. 1174789 OATEO: _.Au~at ~ .~9~.. lYoae
~"OY~t F~~ L 6 T_ 36
auE• Au~ust 5 ,~9$,Q„ u?, e, c, o. E. F? ___.,__4
i~~.,.n _ = 300_ 40
Pu?cE: - Fort Pierce , F~oR~~ ~il cnaic i~rg.~~w+ = 20. 00
Fo. wlw nuiwd. t1w undK:gn~d (Mr~inatnr a1Nd "Mak~') foi~dY a+d s~w?N1y (if ('n Od~ t~One
mor• Msn orn) promis~ io psy co ~M orda ot ~M 8snk, ~t ib otfip list~d abov~. the ToW lK) = None
or Payn+Ma Itran INl sc.qhd ot,~1,~ 967~ T6 pa~ay~;~,3~_ « None _
ww~ moncnhr imts~inrnu ot t ~54_ 66 IMI MINANKELCHARGE : 320. 4,Q
~nstsllm~n~ dw on _~T~- 5 .19~. aod wbs~qwnt iosnllma+a dw on (NI Toal oi Paynrnts (Cs + W 1. 96T~ 76
~n~ ~_wy of Mch monch thu~attK, cop~tMr with a FINA~ BA~LOON PAYMENT OF: q(~NUAI PERCENTAGE RATE 1 L 9Z_~
s None DUE NOne ,19
Th• 8snk ~AMI impo~ s dNinvu~Y dw9u spa~at tIN INdw on ~nv Pw~t whieA hss b~oom~ du~ snd neyiro in d~twlt to? s pwiod in ~xo~ss ot 10
days in ~n amount pusl to 59L oi tM smouot Of tM prineipal p~rt of t!~ psY~t in dNwft. le tM ~nt 1Mt 1M Nott is eot p~id in full ~t m~turiq, ali psy-
mant~. wMtMr principsl. intNat or od~ia. sitall bwr iMK~st at tM msximum la~sl nt~ ~Ilowd unda tM twns of the Stste of Fbrid~. All psyrt~enq m~r3t
herwnda ~Atll b~ u~dit~d first to iet~nst snd tlwn ta P?inck?d. Aoww~?. ie tM tva~t of drfsult. tM Bank msy, in ia sols disattioe. a~11? snY P~Yment w
int~rpt. prineipal snd/o? IaMrful elw~ d»n aouwd. It N tM int~ntion ot th~ pania Mnto tMt tM provlsio~u Mnin shMl not provid~ dk~at~/ or indinedy
for tM psym~nc of a qratu aa ot int~nst or dw ~ntion ot ~ny oMa d»ry~ tMn is albwsd by law. lf, for sny n~son. int~nst in exaw d ~uch M~1 ratr or
s elwp~ proh~iad bY 1sw ~ha11 ~t snY am~ b~ Wid. ~n1? a~d~ ~xoas shall atMr.eonsticua and bt tnaad ~s a psymant on tM P~~eON or b~ r~fund~d d'r~etlr
to th~ M~ka. • •
TM ~ mrY WrP~I? tM ~ntin unpaid bNanu of tM Iwn ~t snll cinw. It tM lo~n is PnP~ in tuN, ~oalaaad or nfi~rnad. t!N Wka ~lall no~iw a
r~fund of tIN uoNrMd portion of tIN intt~pt snd imwanq pr~nliumt eompuqd bY tht Rul~ of 78's method, ~tC~pt thst tIN 8snlc shtll b~ M~titld tp r~t~in
s minimum inte?at dw~ of 56.00.
CREDIT UFE AND CREOIT LIFE 8 DISABILITY INSURANCE ME VO~UNTARY ANO NOT REQUIREO FOR CREOIT. Sueh i~wrsnotowrr~ k
avail~W~ st tM tott d~sipn~t~d bdow for tM U?m of tM endit: (a) S~• 36 tot Cndit 4i~ Irouranp (b1 ! Ne~+~!
ior C~r~dit Lih a Di~bility InMKanp: ~ .
cn.a~ ~ cneic ur. i~w~a ~ aana a+ d+. ra of _ itc~ Cvbuliak •
ei~crid~n b-8-11
Boz ? G~dit Lif~ a DisWility Insw~np is d~sind on
BKthdat~ ~ ~
? G~dit Life and/or Oinl~ility lrau~s~~ is not dMind.
Q,n: Auaust 2. 19?7 5;~.~,,. ~
~
~~n
As Neu~ity fbr tM psymMt of tAt Not~ tM Msk~r MrWy graett to tM Bank s secwity intaat in th~ following property?jn stnr_Lr'rl vrith~II
mortQ~ae as additional collateral-Lot 2. Block 14. Ft. Pierce Beach Subdivision. accordin~ to
thp revised vlat thereof recorded in plat bqok 8. paQe 29, of the.public records of St. LucieCtv. FI~
includi~q sll inuwMS. iubltitutioas. nPlsp~nms. additipu snd sooysioro thN~to snd ie dN P?oct~ft th~nof (fNrtitafter p11ed "Co11a~K~1'1. This s~p~tit~l
intenst shsll also f~wrt snY otMr ind~badnat a lisbility of th~ Mskar to th~ Bsok dinet w indinet. sb~olut~ or caningMt. dut or to b~canN due, now ex-
~ istiny a~ A~?MftK srqiny, includin~all futun sdvanas or lo~ns by the 8~?k to tM Mstctr.
TM 8ank is sl~ ~ivN+ s lien snd s s~a+rity intKea in sll propKty and s~nuiws of the MskK, endors?, wr~ty. ywrsntor or sooomnad~tion p~rty of this
Noa lMn~nsftN refwr~d to ss tM "Oblipws"!. naw in w st anY tim~ h~ruftK coming into tla control, cuscedY a P~o~ of tht BaNc. wh~M~r for th~ ~c-
Pr~st~d Du~P~ of b~ieq u~d b1? t!~ Bsnlc ss ColtatKM. ar for srM/ odar Pu?Pos~, u~d upon srM? balann w bslanas to ch~ endit of snY x~oaint~, u~di+dini
crwt snd sqtncy acoouna msintsirnd withtM Bank by any of tM Obligors, and da Oblgas s~~e co deliva to tM Bank sdditional CollsanM or m~lce ~ud1
paymsna in nduetion of tM princ~psl ~mount of tM loin ss shall b~ s~tisf~ctory to tlu Bsnk. in the aNnt tM afor~ntiw»d Cotlat~nl ~tl d~din~ in wN~
w b~tome untatitfsCCOrY to tM 8snk. -
~ Additiau to, nduecio~s w~cd~anp~s of,~r wbstitutions for th~ Co14MSl. PsYm~na o~ aooount of lhis ban or i~s of tM sin~. or otf+K lor+s msd~
t P~~Y or wiwlhl u0a~ dw Collatasl. n~11 from tin» to tirtN bt rnsd~ without afhetiny tM provisions of this Not~. The Bsnkshail exe.en~ ~sonsWe eare in
~ ths cweodY snd pra~vrtion of th~ ColNtaal to the ~:tMt nquind bY ~OP~ieabl~ statuU. and ~hsll b~ d~md to hs~ exercis~d rMSOnaWt pn if it tak~s su~h
~ actiw~ for thK pwpoM p NUk~r shNl rNSOnaWy r~uat in vKititg. but no omission to do iny act not ?~qu~st~d by Msker shall be d~enrd s fail~r~ to ~xercipe
~ reason~bb pn. and no omiaion to oornplY with sny ~qunt of IMik~r thsll of iaelf b~ d~tnNd ~ fsilurs to ~x~ rpso~abN can. Barik shatl not b~ bound ~
ak~ s+~Y st~ps n~a~ary to P~ ~Y riqhts in t!N Cotlst~ql ap~inst Pno? W?tas and Maka shsN tak~ aH n~o~ary steps fa i+d~ purpos~s. Tht Bsnk or As
~ nominw nNd not oolNct iat~nst on, or a prineipd of. snY Colbl~nl a giv~ snll notict wid~ niP~ct to iL
Tlw 8ank m~y aontinu~ to Aold ~nN Cotbqal d~POaad Mr~ncla sftK th~ W1/m~nt of this Not~. if at th~ tim~ o! tht DtYm~nt and d'edw~ Mnof anll W
f tM D~tiw IitbN for t1N PMnrnt Nehof thall bt tMn dir~eth/ o? aootinp~nth/ ~isbN to tM Bank as Mak~r, endorser, wretll. 9~~tor or seeomnod~tio~ part~? .
E ot sny otMr not~. drsh. biU of ~xdwg~. or otMr ieatrunNnt, or otiwrwis~. snd d» Bank m~y th~rMf~er ~x~rei~ all ri9hti with n~p~et to s~id Collat~ral
~ 9rant~d lrrrin ~M~ thaiYh tbis Noa ~iali Aaw bNn wrnnd~r~d to tM IWker.
~ If th~ Bsnk dNnr it~lf i~cun or upon th~ Mpp~nirq of my of tM tollowirg ~wntt, e~h of which ~hsll oonstiau a deisult. MI li~bititia d~h Mak~r ~o ;
~ cM Bank. indudi~y tM ~nan unp~id PrinciPM of thh No~ and aarwd inarat, l~u an1? u~arn~d inanst aal sny inte~est in ~xas~ of dw nwcinNrr~ sllowrd
~ by Iww snd any .~b~as nouind b~? law, ~hN1 in~di~tM1? w d~fw, st da ovtion of tM 8a~tc. ~xaPt ti+sc tlw o~cw.a+o~ of (t) or (d1 ~hM1 cau~r w~~oma~-
~ ic sotNwstion: withort nOtio~ Or dNtrnd. b~eOnr dw ~nd p~ysbN: (d tM failun ot sny Oblipot to pwfOrm snf? Oblgttion, lisbilitl? or eJiim to 1M Brdc, to Psf? <
inter~st Mreon within 1Qd~ys aftR it i= dtN. Or if dNr~ is no dw dt~. afUr it is bill~d or oMMrwiM nqwst~d or denqndtd, or W PN ~Y odMr litbitity whst-
swv~r to tM Bsnk wl~n diM: (b) tff~ dMth of rM? indiridua! Oblpor, tM di~olution of sn~l P~~D Obliga a ths ~olution, nwYworaaaolid~tionwith- ~
~ out tM Bank's p`wr writqn oor?~nt ot sny eaporai~ Obiga: k) iM filinp of a p~tition in b~nkruptcy or the sdjudiption of in~olv~ncy or lisnkrupt~l ~p~drr ~
i ar?r no~snisstio~, sr?ano~n+~nt. ?Ndiusurrne ot dwL dipolution. ~iquid~tion or simiti? v~~~ ~1? F~oarsl or sLt~ st~a,a. br or a~i~tt anyr ~
OW iqor (d) an +vWiettion for th~ ~PVoietnrnt of s heaivK for. ot tM nrlcino of a y~a~ a~tiprxnrnt fot tM b~tr(it ot enditas bb. s~Y Odligor: (t1 d~ ~nW ~
of judpnNnt p~irat ~n1? ablipo?: (f) tfN ipuirg M siry ~ttad~nt or q~r~u~t. w tIN ~lirg of sn~1 li~n, ay~irot anl/ P~aW?hi af ~1? Obiipor:1911M tskirg of
pos~ioe of an~r ~ubttsntiN o~ of dw Pr~~1? ot sny Obtipa at d» i~una of snY ~OwreMn«+W authaitl?: (ht U» d~unniMtioe b1? th~ Bar~lc tI»t a mate~i~ ~
sl adwn~ ebsnp~ Iw oewrnd in tM finsneial oonditioie of sn~? Oblgo? fran tf~ conditiw~s_stt toaM in th~ mott npnt firqnaM sa»enant of w~i~ Oblgw j
, heneofon fumi~lMd w sM 8ank. a han ~M eondition ot w~eh Oblioo. ~ IMr~cofon nw~c no~ntl~r dbdoNd m d~e Ban1c. o? d~t ~ryi wsrr~neY, ~~ocia+. `
wrtifiaa w stmm~nt of any Obtiyor (wMM~r oonaimd in ehis Not~ or nod vwtsinirq to or ie oonn~ction wi~h chis Nou or dr ban ~ridu~ad bv tAis Noe~
~ coa»i~t an uaeru~ sat~nrnc of nrc~iN fact or anin co st~a nrwis~ taec in ord~. eo m~k~ dN roamena n~ not tns~din~; a. lil d» assiyn- ,
~ rr~t bY ~rM? INNnr of any puip in sny o! th~ Co11~tKM without tM 0?ia writta+ co~tnt M tM 8ank.
TM 8snk ~hMl hsN. bu[ thsll not b~ IinrL~d to, dr fallowieg rghtf. aeh of wNid~ mN b~ acKeiNd at u+Y ~ wMefNr a na ~his Noe~ is due: (i) ro ~
~ pledp~ o? tr~nttw tbi~ Not~ snd tM Collatpsl and tfN 8ank fhNl thNS~~Ow~ b~ rNi~v~d of sll dutia and re~poiuib~liti~s Mreund~t ~nd nli~Nd fian sn~? snd all
~ liability with n+p~ct to any Coltatasl so pl~dp~d a trnrf~~d. and antl P~Y~ or tnnst~~ shsll tor aN DurOaes sw~d ~n dM P4oe of d» BaNc h~reundrr snd ~
~ Aav~ sd t!N tiqha of tM BsMt Mtsw~dN: (ii) to tnrrfM dM wfwN or any part o~ the Co14tKS1 iMO tM nanM of ittelf or its nwnie~: liii) to wa tht Collatlnl: ~
i (iv! w notit~i th~ Oblqors ot Collseasl to m~k~ p~yn~nt co tM B~nk of any anwums dw w eo b~eo~m dw dwreon: (v) so d«nine. ~w fa. oo~Net. ar
~ msk~ any oompraniN ar ~enleer~nt it dNar dair~bN wiM nln~na to ~hs CollaarM; and (vi) to a1c~ pas~aion a eonuol of aew orocrds of Couaead.
~ NOTICE: SEE OTHER SICE FOR IMPORTAHT INFORMATION dOOK~~~ PMiE VtlV :
~ F9S 752 R~ 7/~Y -
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