HomeMy WebLinkAbout0511 lNSTALLMENT PROMISSORY NOTE
FIRST NATIOI~11~1L B11MC OF F~URT PIERCE ~n? Amounl Rectived s
BANK NAME (8) PrNniuft110r C~tdit J5O.OO
~if~/pissbiliry Ins. S
c~ Affinca Rn~r 9~,~
i.~l~+r'!' ~p~i
~ay Flnrir~a ~C~ Doc~m~^~ary S~amps ~ S 32.1~
OFFIC~ASaRFS~ IO) OthN Charyts lit~mizt) !
- IEI t
NOTE NO.` L DATE~• A_!X~~a~ 30 , 19ZZ,. (F) t
(G) Amount Fi~?ane~d '
OUE: ~P~ 5 , 1987 . (A. B. C. D. E. F) t 1~~ 7~8. dA -
(H) (nt~r~st t
PLACE: ~b~ PiE'rY'-E' , FlORIOA (l) G~dic Invauyatia? S_ ~ Q,,.,,_,.
~ u~ an~. s
For value rec~ivld, ths unde.signed (herein~tt~r tall~d "Msker") lo~ntly snd sevenity (if (K) S
more than oM) pro~nis~ to pay to tha ordN of tM Baek, at itt offit~ listed above, th~ Totai
oi PayrtMnK (from (Nl ~t ~phtl ofy~~ ~SE_SQ poflars paYable io (~l t
equal monthly inttallmtnts o~ S_.,~,,'~'> >o , cM tirst fM) FINANCE CHARGE
(H, 1, J, K. U S 8a.~a40
~nscallment dw on~. S . 19~Z.... and wbsequent installrn~ncs dw on (N) Totsl of Psymena (G * M1 S~•28~.8~
~he.~_dsy ot ~ach mont~ t~.eatter, co~che. wi~h ~ F~NAL BA~IOON PAYMENT OF: ANNUAL PERCENTAGE RATE 1~_ 28 %
S,. Nc~ - UUE .19
The 8ank sbsll impos~ s delinpuenty chsry~ sgainst tM N4ker on sny WYment which has becorr~ due snd nmsins in d~tault tw a p~riod in ~xuss oi 10
days in an amount pusl to 5'K of tM amount of tM pri~cipal psrt o( tlk paY~~ ~~~~t. In tM tvtnt that tM Mon is not paid in full at maturity, sll psy
ments, whetha p.incipal, incera1 or ocAe~vris~, sAal! bu inia~st ~t th* maximum leysl rat~ allow~d u~d~r tha iaws oi the Stat~ of Florida. All psymMts made
he~eund~~ shall bt tredit~d fint to interest and then to prinCipal, howevtr. in the ~vent ot dsfault, tM B~nk may, in its sole discretion, apply a~y payrnent to
~~te~est. priocipsl snd/a Iawful charges thM ~ccruad. It is tM int~ntion of th~ partia Nento that tM p?ovisions htrein shs11 not provid~ dinctly or imdirectly
for the paymsnt of s yrqcK nte ot iet~r~sc o? ~he ntMtion of sny other ch~rg~ chan is ~Ilow~d by iaw, lt, tor sr?y raason, interest in ~zoess of such Ipal ~st~ or
a cha~g~ prohi6ited by law shall at anY tims b~ paid, any wch ~xpss shsll eichar constitun and b~ tnst~d as s psym~nt on ch~ principal or b~ refunded direcdy
to the M~ka. •
The Mslcer rnsy prlpsy th~ Mtirt unpaid bslanct of the tosn at sny tirn~. If tM toan is prepaed in full, scoeleratad or nfinancad, tM MskK shall r~ a
refund of eNe un~rned portion of the intaest and inwrsnce p~emiums computad by the Rula of 78's method. ~xcept thsc th~ Bank shatl b~ entitlsd to rotsin
a minimum intK~st da~~e of 56.00.
CREDIT LIFE AND CREDIT IIFE A OISABILITY INSURAl~CE AAE VOLUNTARY AND NOT REQUIHEO FOR CREDtT. Sueh inwrsna ooMenpt is
avaiisbl~ st th~ casc d~si~n~t~d bdow for dN qrm of th~ er~dit: S ~ tor G~dit Lii~ Inwranc~ (bl i ~+o
for Cndit Lif~ b Dissbility Inwrsnp: •
Check C~~dit 4f~ Inwrsne~ is daind on the lif~ of
qpp~, Birtfidate
Box ? Gadit Li4 A Oisability Irtsura~ce is desired on
Binhdste
? Cr~dir 1.if~ sndlor Dissbility Inwranee is not desired.
~ate: 8'3Q-77 S~~uro ~ ,r/
Siynacuro
As secu~ity fp the psymenc of the Note che Msker heraby t~ana to th~ Bank a sacurity i~terest in tfie fdlowin9 property:
1 si- IDnr~~e a[i rP~11 ~4tat~~--Iega] ~r_ri ins ari reV~rse side t13iS 1~DtE
includinp sll inCr~sses. substitutions. replacemenu, additions and stcessions tl~ertto and in tt~e proceeds thereof lhereinafter talled "Collatersl"1. This setutity
interest sh~ll a~w s~cure an~ ~tha indebtedness or Iisbility of the Maker to the Bank direct or indirect, absdute w conti~gent, due o. co become due, now ex-
~sti~g or herpfter arisirg, .~d~ng a11 future advanas or losns by che 8ank to Ms Maker_
The Bank is slso giwn a,~ and a seCUrity interest in a11 property and seturities of the Mak~?, endorser. wraty. guarantor or sccommadstion psrty af this
Nace (1~e~nsftp refK~ed to as rM "Obligors"i, now in w at any t~me her~tcer cwninq into ~he contrd, wstody or posseuion of the Bank, wh~ther tor H+s ~x=
pressed purpost oi bting u~ed by ihe Bank as Collate?sl, or tor aMr other purppse, and upon arry bslsnu or balances to the uedit of any aocounts, including
trust s~d a~sncy accauna mai~q~r~ed anehthe Bank by s~y of the Obligon, a~d the ObliQors agres to dNive. to cha Ba~+k additional Coilaiars! or make wcb
paymtntt in reduction of the p.iocipsl anwunt oi tht loan as shall bs satFsfsctory to die 8snk, in tM event the afo.emeni~oned Collateral shsll dscline in vslue
o. b~sconr waatafscrory ~o t!u Bsnk. -
Add'+tions to. r~ductions or exchanges of, or wbstitutions for tM Collsteral, paymentt on socount of this losn or incresses of ths same, or othe~ Iwns mad~
I partially w wholly upon the Collsteral, miY from tirt» to tims be n+ade without aff~cting che provisions of this Note. The Bank shaN exercise reasonable care in
I the custody and prqMVStion of the Collsuni to th~ ~xtt~t rpu+nd by applicabt~ statute, snd ahall b~ deemed to have exercesed ressonable pre if it tskp wch
~ action for thst purpotR ri Msker shsll r~itonsWy rpu~st in writing, but no omissw~ to do any aet not rtdu~sted by Maker shail b! detrned a fsilur~ to e:ercip
! reasonabl~ cue. and no omission ~o complY wich anY rpua~ of Make? shall of ics~ ` be d~med a(ailure tu ezercis~ nssonsble care_ Bank st,sU not bs bourd ro
~ take arry/ st~ps nec~tV to P?eseM any rqha in the Collateni sg~irnt piro? psnns and Mslctr shsll tske sll n~essary steps ta wth purposes. The Bank ot itt
~ nomirNe rM~d not to~ ~ct intNest On, or s princip~t of, M~y Cdlste~st or yiw any noup with nsp~Ct to it. .
! TM BsnJc nry continw to hoM am? Co1latKal d~o~ited hareunder sfter t!~ psymant of this Note, if at the time of the psyment snd d'achar9e hereof sny of
€ ths paAi~s IiabN to~ tM psyment her~of shsll b~ tMn dihctly w contingently lisbl~ to th~ Bank ss Mslctr, endo~ser. wrety. 9usnntor or accortxnodanon party
ot any othN noc~, drsh, bill of exchsny~, or othu imt?w~ent, or otlwrvvis~, and dr Bank msy tAe~e~fte~ exerciss all rights wich ~e~peet to said Collstersl
a ~rant~d Mnin ~wn thuuph this Not~ shsll hsv~ bsN+ w?r~ndtred to tM Maker.
~ If dw Bsnk dM~ro it~elf insetu~~ or upon dN haPp~ninp of any of t1N fdlowirg hrsnts,lsch of whieh shatl oonstitut~ a detault, al{ lisbilities of ssch MskN t0
ehe 8ank, ieeludinp th~ ~ntiro unpaid principsl of this Not~ snd sccnwd ina~ast. less any unesrned incer~st and sntr interest in exeess o! tM maximum allow~d
° by taw snd sny rebstes rpwr~d by iiw, ihNt iinrnsMistely o? th~nafcer, at ths aption ot tM Bank, ~xoept chst tM occurrenc~ of Ie1 or (d) slwll caua~ sueanac-
F ic aceelention:without notia or demfnd. bsconN du~ and psyaW~: (a) tl~e fsilun ot sny Obtigor to pe?fwm sMr obliq~tia~, lisbility o~ claim to d+~ Bsnk, to pay
I ~ nteresi hereon within 10Wys sfter it is dw, Cr if thN~ is no dW dit~, sftfr it is bill~d or othAM?ise roqws~ed or demanded, ot to Osy any othlr li~bility whst-
' soever to tM 8ank wh~n dur, tbl che desth of sny individusl Oblyw, tlfe dissolution ot any partn~~hip Obliqor ar ihe diuolutio~. m~r~? or oonsolidation with-
~ out t!» Bsnk's pripr wtittln Consent of sM/ Co~poraa Obligor, (c) dt~ filing of a petition in bsnkruptCy or the sdjudiation of imolventy d binkruptty undK
any ~~oryanizstion, srr~nt, resdjusUmnt of d~bt, dissolution, liquidstion or simiUlr ptooNdinQ und~r sny Fedenl or ttsu ststute, by o~ sgainst sny
E Obliqor; (d1 s~ spplicstion for tlw sppointm~nt of s notiva? fp, or tM m~kiny of s g~neral migrumnt for tM ben~fit of aedito~s by, snY Obligw: tt) Mt entry
of judpment a~sinst any Obliqor: (fl tM i~suing Of sny sttsehms~t or gstnishment. o? ihe filing of any li~n. aqainst sny property of sny Obli9or: (9~ the tskinp of
poss~sion of sny wbstsntial psrt of th~ propKty of arry Obliga at tM inscsnp of anY yov~rnm~nal wthority: (h? H+e ds[erminstion by the 8ank cha[ s~r?~mi-
~ al advKie Chsnq~ Iq~ oocurnd in th~ finantial tondition of any ObligOr trom tM condit~~+s set forM in tM most recent fimnwl stattment of wd~ OWgor
heretofore fumisb~d to tM Bs~k, or i~om tA~ condition of wd~ Oblga ss hentoton most retently d'ado~ed to tha Bsok, or d~ac any warnney, represenarion,
certifian w sat~m~nt of arry Obliyor (wA+scha conai~wd in this Note or not) p~rainirg co or in oonnrction with d+is Non w tM loan fvideno~d by tha Non
~ contsins sn untrw ttitemrnt of rmt~risl fset or omitf to stste msurial fset nec~y in ord~r to m~ke the stsamena n+sds not misl~adirg; w, (i) th~ sssiyn-
ment by any Mslw of sny puity in sny of th~ Colbt~ral without the prior writtee eona~nt of th~ B~nk.
Th~ Bank d?sll Mv~, but sM11 not b~ IimitW co. ~ followirq ~ighn. ~sch of which nwy b~ exKCised at sr+y cinN whether w not this Note is dw: li! to
~ • pl~ or twrofK Mit Nou and th~ Coll~tersl and tM Bsnk shslt theteupor? be nli~vrt! ot sll duties si+d ntpo~aibilitils Mreur~r and ~Nieved from sny snd sll
iisbility with ner0~.'t W snY Co11sUn1 so p1~dy~0 or dsnsi~tnd, snd snY P~9~ o~ tnn~f~ne thsll (or sll purposes sand in tM Olao~ of tM Bs~k h~twnda and
hsw all tM ri4hts of NN Bank i~~under, (ii) t0 trx~sfN tM whoN or sn~? pxt o/ dw Colbtenl into th~ nirtN of itsNf or its ndnirwe: (iiil to wtt Mt ColbtKS1:
(iv) to ~otify tM Obliyon d uw Cotlacasl to makt psymeet to ch~ Bsnk of any amounu dut w w becon» due tMreon; (v) to d~rnand. w~ fa, odbct, or
rrnke smr can~ort~ o? iesderrnnt it deenn desirable with n(erer~p co the Collate.al; and tvi) to tak~ possession or co~trd of any proct~ds of CoUatenl.
NOTtCE: SEE OTHER SIDE FOR IINPORTANT INFORMATION