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HomeMy WebLinkAbout0982 _ ~ . . . i.:~:iiYl; : : _~r__.~_. ~ SGh lOAli 4U'ToE(' _ r i c~-8aa,sEO-io-lo-:~~ti ::.1TE F'ort Pierct, Florida 33450 . _ ;L.CY nG~~ J18!~~ ~ _ !i 51 / ~ ~l Q ~ ~ ~ ` ~ ~).1 ~ r 1 ~1.~~-L ~ ~ _C..(~~~ F~: ~•.~!uc r.~cr~.< t. :1~r ~~c.dcc:.~;icci pcomi.r. tu F,iy :o i.~~ ~fQPT ul Si1:1 Bc"2t2}: CL St. LllCl@ COU:lt~f 1.11 c)~•a^ge Avenue - - - _ - - -~,,~pec. - ~e its o2:~.cr i:~ U:. ..i~• o( Fort Pierce ,:,t~. ~1 ~'T vT'2C~d ar a! tio:.?.:'~ t:o:~. ~;:zh u:hr- p~;~ce as a:sr• t:r ~:r.a:~,stc~~ I!'v.7! :!'UE• :O :..:C Jl thr !...:3.•t ~0 Hundred Fif ty On~ T'~cusand Five Hundred and r.o/~00____________________________ ~ ia,..+:s, tA~i~.• "ut ~r.:uun:) - _ ~ ~ 33a$ over prime w:ti~ int::::~_ ~n ur.p•~id princip.~t cumpnted (rum thc date oi raca a~:v.~~ee :c th^ u~•:.~r~i~~: d:,~ :ae ratc o! pereent pcr nr.a~.-. ; aj r:~•u; to br. rr.aclc :a ias:allmcr.tx as iullo~va: _ T_r:sCallments, ir.c3 uding p:^ir.cipal and interest , each in the a:raunt af $ : gaya~Ie *rcnthly, Leg~nr.ir.g ~ ( ) mon ~'>s ~i o~:: da~e, each sa~d inst~ll:r,ent to Le first ~~nliec: to iateres~ nccruec3 ~o t:z date c~ recei~L c~ saj~ insta22.rcnt, an~ _}~r 5a?ance, if. an;?, to ~.r~nc~~~l, and tl:e ~a~ance of ~rinc~ri~al a:~d int. *_,e~t gaya:~' ~ c~ - ~r before - ( ) yea~ s f~~~n ::at - . ~ ~~r t0 AUTHORIZATION t~PPROVI23G LE:1DE S R.E~lir'ST FOP. SB.'a_ GUt?t~:~.~'~TY 3tt~C~'_eCl _:ereto ar~3 made a part thereof . ; ' F Pav.-.~ra' c.: ..ny i~stailment of p:;::cipal e: ILIE-'CS: ~~iag cc :h:s `:-v:r c.:,.• r:.~de ~ r~:.c zc :_,e :~at~::*.y ~sa:e :r.c~e:,: ti..~i.c_~ _ ~nnlty. . ' "jtie :er.s "(n~e`..e34ess"~as used Aarein shr.~l r:esa *.hc ir.deutc.~nc~: s rcidcace~ b~ :..i~ ~ote, in::::c;r.g -.::cc3•:ai. intr:c.,c, ~~d expe~sPs, r+l.ethe: coa::agc~:, aow due ot ::rrezitee :n i, o::~e dur ~:.i w5c:.'~E: hrs ~:o{.~.~ o: coatre~.toranc~~_~.~ :.~:e~i;.~ c. ~ ).etes(trr toatratt~3. ~'ft:e ter~ "Collatera!" as use~ ;a ti..:_ lete 5:a11 r..r~. e5y ;ua~i~, y,_.afA.::lYS~ o: o:ier pro~e::v or :i;.`~:s ~ :keicin cf any sata:t whatsoevr. o~ t}~ept9ceeds 4~eseuf ~4:::: cnay hare t=ee: , are,~or ~~e.•:aft~•r 2;~ b~, 4y~e~:e:3t.:::, 3irec::~ o. : ~ ~aditectly by Lhe e~dersigae~ or c!.~e~s. ia co:.nrcuon wi4~, o: as sec~ti~y Ec:, tho [adeL~t-~d::~s ora:.y p.~rt tiuze:.L T~:e Colla:er al, and eaeh part :t,ereot. ~hsll seeure the lodebteeeess and zach pa:t t~e:ecJ. T'.-e co.~~cer, : aad c_r.~i:ions set fc:_: :c re4atced ! to in aay and a!1 ia~:~vcr,eats o! }.ypo~hecatien coas:ita.:ng ine Col!atcrr~ ere here'•n.r ~nccr;.orated :n :his '+a.t as c~.P~eau ~C coadi:ions of tho ~ACCCSigaed .vi:h tbe saiae iorce aad eii~c: as tt,oug,'ti s~c: covenaots aad conditi:,z.s we-c :~ify ,et ter~h he:e:a. 'Ibe lr.uente~ne_ s sha31 inme~'-ntely beco~c .iur and p~;•a'~Ir, w:e:~aaa .otice ar de.r.sa:, :5e aT.:: i.,t:*.e-t ~~i a~e~eia~er cr ~ :iqeidatar, whethrr vfllunta,y ot invo:untary, fo: ihe uadetsi~z:e•~ or .`cr aay of its p:operiy, :~s cpoa L~e :i:ie¢ ~:i a j,e:ee:a~ by cr aba~r.st t1~e uadersiN.ed uader t9e ~roriaioas oi aar State i:.~o:vency i~w o: _n~er the pr~.:sic~s o( h~ F.a~ivp:.-j ~,t o: ;8; "s. ~s aa~enLrd,ur upoa ~e ma~iu~ by tbe cnderse~,.tcd ~t zn ass:,;:r~ent ior :he ~enc[i: 01 its cr:ditc~s. Ff•>~~'Pr is au :c:~zea :r, 3e- ciate a{i or any part of the Indebte~aess imrsedieteiy dur and ~~ayabte ~?aa t}:e ha~pe.^.ing of aay~ of the to;low:ag ~vca:s: (U Fai?ur* tc pry sr.y part of the Iadebte.'.aesa ~.r~er. due; noap~rfo~:aance by ti4e enot:signad of aa~ agrer-ieut with, or s•:y con- ~ diticn irc.?ased Ir~, Iic}Qer or Sma}I 3~sinesn 1S4t:n)A15f[u[IOD :'~~ceinsfter ca:?ad "5BA'~1, ur eithrr oi t~c--, x•i:}. rc-.~ect to stae in- ? ~eLte.faess; (3? 8~idcr's discovery of the undersit~rd's failur.: ia asy a~plication of ti,e u~cl.-rsi~er :o ~~olde; or ~GA to d;~ct:.se E aoy Eac: ~e_cr,ed ~i !{oldtt to 5e ,-.aterial or of :~e r.latiing L.e-eia or in a~y of t2~e ;~id a~,r~c<:cnts, r,r in uny afti+iav;t or t:>.cr doe- j :~~tssuh.:.iue3 ir. :oaneeti~n k::h said app:i:atioe cc tbe i;,~?eb:edcess. oi a~isrep:c.cn:a:ioa Ly. o~ ~Ch3I{ o`y or fcc ?:~e t~e~e- - 4 oi ti:e u~,Cersi~,n P:; (4~ t1~e reorgaaizati~a (otuet :hs~ t~ rec;~s~ii..tioa j::.:s.;an: tp any c~l 45: pravi::ic.s of :hr 1:=~:=~F:~y .';:t c: 1Fy9, as ar,:endcdi ur merger ot cansolidati~a of thc a~dersi~i rd ior Li~e m~~:r.~ a~ any a~r_cc: cR: theref:,:} witho.:t !,`c pr~oc •::.:t~-n ' ~on~ent ~f N.oldez, :1 tA~ undPrsi~;~ed's tailnre ;u3y to accc::~t, to (io!dr.'s saii~i~ctica, at ~~~c~ tia:r ::r ~irne~c .:~lsr: aa/ ~ yu:re, I~~r aa7 of th- C~tlateral~ or proceeds lhereoF, ca::.iag ir_eo t},r cc.ct:ol of ~:~:e uo.^:ers~Lied; or t~i) t~e i:.s:itc::o:, a_.- alst I sS(cct+.~~r thr uadcr_.:.f.ed dcemed by Holder to af(ect adverse:y its in:esesc ce:r~aurr ia Coilate:a~ orct.'-.e:~.ise. }:cidet's i~ii- ~ ~::e lo cxer:i~e its ri,yZCS ~nder thia paragraph shafi uotcon:.u~:.te a wa:ver thereof. ~ ~ - ~ - t. r- 5~7A FOFt3.1 f17 (E-751 REF: t~iG S+J-f PREV:OUS EDITiO~:S AfiG S$A FORMi 1Sd. 32bA, .".30 Alta 53~/. 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