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Home My WebLink About0629 INSTALLMENT PROMISSORY NOTE ~ i . ' FIRST NATIONAL BANK OF FORT PIERCE (N ~?~+^t R~ceiwd s 5, 000. 00 I OANK NAME (8) Prlm~um for G~du i~ l lil~/piqbility I~u. __?..~tf3.57 ICf Oocum~nury Sumps S - ~ Post Office Box 9~0 Fort Pi~rce. Florida OFFICE AODAFSS ~DI Ot1?K ChitpY Iiltmi2N =~On@ ~4-28?0-9 DATEO~ S!'~tC~ber 29, .19T? ~E~ s None NOTE NO. (p) _ ~one ouE: Septembg,~ 25 ,~982 ~G~ iA e cF~, E~ i •s 5. 2b8,~ Q~ (H) Int~rpt P~nce: ._.E4~'t Pierce . FLORIDJ? c.~.dit i~rat~.~~o~, : ~b~,0(? 1~~ o~n~. = None Fo~' valw nte~vad, LM Y1Wltt~Qf1K{ IhNfIM1tN pli~ "MskK") lointly ~nd it~alh? lif (K) : None mo.e ihse o~l prom~a to pay to ~he orda ot the B~nk, ~c in oitics ~~sud abor~. Me Tota1 None ot PaYrrKnts lfrom (N! ~t ~i~At) of~b, 8g7. 40 potlus paYabl~ ~Q (L) S eQUS~ monthly ~osta~lrtrnt: of S>> 4- TQ , tM first - ~MI FINANCE CHARGE 1. 618. 48 ~nstatlma,i tlw on O_tober _ fH, 1, d, K, Ll S . 19~. ~nd wbsevuent iostallments due on lN) Tot~l ot Paym~nts !G + MI S~~ 87 _ 40 :nP_ ~ dsy ot w~, montn tnera+t~r, topetMr w~eh ~ FINAL eA1.1.00N PAYMEN7 OF: ANNUAL PERCENTAGE AATE, 11 _ 09 ~ s None o~E ~ ~None ,19 The 8~r?k ~hall unpos~ a dNinqusncy chsr~ ap~~~nt.th~ MskK on ~ny psym~nt which h~ b~COnfe du~ snt! r~msi~ in detsult tor s pNiOd in txctss of 10 days in an ~mount equsl to S~X. ot tAe artqunt of tM pnnc~psl pnt Of tM psYme~t in d~fwlt. In tht tv~nt thst th~ Not~ is not paid in iull st m~turity, all p~y- ments, whether prineipst, inurest w otMrvvise, sh~ll besr intt?~st ~t tM msximum Ip~l qt~ ~Ibwed undar the erws ot the State oi Ftwids. Ati psym~r?ts m~de nereundsr sfiall Dt c~sdited first to interm snd tAM to principal, howeva, in tAe event oi dthult, the 8snk mty, in iu sole d~stntion, sppqr snY p~yment M ~nterest, pnuCWal ~nd/or lawful chuges thtn sCerwd, It it th! tntMtipn of tht pptie~ hNftO that the provisions he~ein shsll not provids dinCtly Or indireCtly tur the payment oi ~ prptcr r~te of int+rett or tM ~~tent~on of ~ny otlNr chuye th~n is allow~d by Isw. If. for ~ny ~eason, interest ~n expss of weh iepd r~te or a cnarp~ proh;bited by I~w shatl at any ume be psid, s~y wd~ sxcess sh~ll +~the? consntute and b~ treated as a payment on th~ princ~pal or b~ r~fund~c) directtY ~ ro tns MakN. . - ThE Mak~r m~y ptep~y tht Mt~?e unpaid bal~no~ ot the {oan at anV time. tf tl~e lo~n it p~epsid in full, ~CCeleratsd or re(i~snted, th! N4ker shsll r~Ceiw • ~efund of tM un~srned portioo ot the ,~t~rest snd ~nsursnc~ pr~miums computed by the Rule of 78's meehaf, except thai the Bsnk shall b~ ~niiiled io reuin a m~n~mum in[Mest Ct~s?9e of 56.00, CREOIT IIFE AN~ CREDIT UFE di DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Suth inwr~ntt tov~?~ is a~ai~able st tAS tost designst~d bNow tw tM term ot tAe cradit: is! S-25H. 57 to~ Gedit lite Inwrsnce Ib) S None ^ tor Cred~t life de D~ssbility losunnce: cneck ~ c.ed;t u~ ~nsu,.nce i: desi.ed tn. rh o~ Milton CaFFs. ,Tr- ' . . 8,~,~,t~ 8118 /32 ~ Box CJ Gedit lite & Disabil~ty Inwrance n desired on Bi?thdate ? Gadit 4ite and/a pisability Inwra6ee is not desired. ~ ~dte SeFtember, ~ 1977 s~~t~?e S~gnswre ' As security tw the psyment o1 the Note the Mske. MereDy grsnts to the Bsnk s secwity interes[ in the fdlow~ng pronperty: First Mortg~,,se on Lot 1, 3 ~~el-Aire_Estates and Lien on 1959 Mobile Home,. ~ Make: TN&CY, Seria.l No. 501008 199 ~rx;~ud~ng sll mc~eises. s~bstftutions. replscemenu. additia?s and sccesswns theretp and in tfie proceeds t1?ercof ihereinafte? qUsd "Collateql"1. Thit sewrity I ~merest sh~ll slso pcure snY otAer indebtedneu or lisbility of ttie Malcer to the Bank dirset or ir?direct. a6aduts w cont~~gent, due or to b~comt dul, now ex- . ` ~sung o~ heceafcK ar~ny, inelud~ny ~ti futw~ sdvances or Iwns by the B~nk to Me Msker. f The 6sf1k it alsO ven t lien and a setu~i 4 qi ty int~r~st ~n alt propercy uK1 sscurities of the 1Asker, ~rKlorse., wreri. 9wrsntw or accommodstion psrty of thit i Note (hereinafttr r~ferred to ss tAe "Obliqors 'l, now in or it sny time harpfier cpminp into th~ control, custody or possession Of the Bs~k, wMether tor ihe ~x- ~ p: essed purpose of beinp used by the Bank ~s Collatersl, a for any otha purpose, snd upon any bstsnce or balsnces to the uedit o! aey accoun[s, includin~ ~ c: ust and a9ency secounts msinta~ned withtlm Bank by amr of the Obligors, and Me Oblgors a~pc~ to deliver to the Bsnk sdditional Collateral or make such pay ments in reduction ot the principsi amount of the losn as shall be satistactosy to the Bank, in tMe event lhe eforementioned Collate~sl shall decline in vslue er becomf utKa[ifhCtory l0 th! 82nk. Rdditions to, raductions w exchsn~ts ot, or wbatitutions (a the Collateral, psyments on aocount ot this loan or incresses of ~Ae same, or other toans made pa; tir~?Y a who~~Y uPw? the Co4lsteral, n?ay irom time to tirtx be macle without affec;iny the prwisions of this Note. The 8ank shall exercise .eswnabte csre in custody snd prese~vation of the Cotlateral to the extent required by applitable statute, snd sAsll be deert~Ed to have exercised reasonable tare if it takes suCh ~ act~on for that purpose ss Maker shatl ressonably repuest in writinq, but no omission to do sny xt not requestcd by Maker shall be deemed a tsilure to exerc+se reasonaWe care, and no omiuion to comply with sny request of Mr~ker shall of itself be dsemed s failure to exercise rassonable care. Bank shall not be bound to ~~Ke any steps necessary to preserve ~ny rights in the Collaterat spainst p.ior pa~ties and Maker shsll tske sll necessary steps for wch purposes. The Bank or its ~ominee rteed npt ool(eet interost oo, w s principal Of, sny Cpllaterel or prv! any nOtip with resp~tt to it. , The Bank may eontinue to hdd sny Collateral deposited he.eunder atter the payment oi this Note, if at the time oi the peyment ar~d discharye he.eot any of t~n pd'eies Iiable fa che paymen[ he~eoi shalt ba tl?en d;rectly or coniingencly liab~e to the Bank ss Maker, endorser, surety, guarancw or accommodation party of any other note, dratt, bill of ext~+ange, o? ofhsr instrumcnt,-a othe~rvise, and the 6aok may thereattes exercise a11 rightt wi~h resptct fo said Collateral ~;ran~ed herein eve~ though this Note shall have been wrrendered to the Nlaker_ ~he 6ank deems itseit insecure o. upon the ha,9peniny of any ot the lotlowing events, esch of which shall constitute a detault, a11 liabilifies of exh Maker [o ~e Bank, including the sntire unpaid prinC~a{ Ot this Note snd actrutd intErest, less any unearned interest and any inttrest in exctu of the maxunum altowed ~ y law and anr rebates required by law, shall ;mmediately or thereafter, at the option oi the Bank, except that the oceurrence oi (c1 0. (dl sha11 cause automst- - acce~e+a~ion;witAout notioe or demand, becomedue a~d payabte: (a) the tai(we o~ any ODligpr to perform any oblipa~ion, liability or cla~m to the Bank, to pay ~terost hereon wiihin ~Odays after it is due, Or if thpt is no due date, sfter it is billed or otherwise ~equested o? demanded, ot to pay any other li,~bility what- v~-r to the Bank when due; (b) the deatA of any individus~ Obligor, the dissolution oi anY Panne~ship Obtiqor o~ che dissoiution, merger o? eonsol~dat~on with- .,c ihe Sank's priw rKitten consent of any corporate Oblipor; (d the tilirg of s petition in bankruptcy a the adjuditation of insolvency or bankruptcy undE~ ~ :-y ~eo.ganization, arrangement, readjustment oE debt, diuotution, liquidat~on w similar prp~eeding under any Federal or state statute, by or against any ~ _~t' ~,or, (dl an application iw fhe appointment ot a receiver for, a~he making of a general assiy~?me~t for the benefit oi eredi~o~s bY, any Obligw; (el the entry ~ ';~,~gment agairrst any Obiigor; 1~1 the awing oi aoy attxhment w Saro~shment, or the filing oi any lien, apainsi eny property o1 any Obligw; (g) the tak~ng of ~ ,:~ssession ot any wbstantial part oi the proQerty ot any Obligot at the instance of any governmental suthority; (h) the determirssUon by the Bank that a ~:+ateri- ~~fverse chsnge hss occurred ~n the financial condition oi soy Obligor lrom the conditio~s set (atA in tM most ?ecent tinanclai statement of sucA Obligor ~ e~e?oto.e furnished to the Bank, or from the condition oi wch Obligor as heretofore most recemly disdosed to the Bank, or that any warranty, represer?tation, -~~f~~~cate w statement oi ~ny Obligor (whether contained m tfiis Note a notl pe?taining to or in connectio~ with this Note or the loan evidenced by this Note :^;z~ns an untrue statement o1 material ixt or omits to state material tati netessary in orde~ to mske the statements made not misleading: or, (il rhe assign- ~ k~y any Make~ oi any equity in any o~ the Collateral without the prior written consent of tAe Bank. ~ ~ The Ba~k shall Aave, Dut shall not be lim~ted to, the /ollo~rring rights, exh of wF~ich msy be ezerciud at any time whether or not this Note is due: (i) to e ~ye or transter this Note snd ihe Cotlatera! a~d !he Bank shall thereupon be relieved of atl duties and ~esponsibiii~ies hereunder and relieved trom any and all ~ -~:~•'~ty wi~h ~espect to any Coilsterst sp pled9ed or transfe~red, and any ptedyee or trsnsicree shall (or ail purposes staod in tAe ptace ot the Sank fiereunder and - ,.e all the rightt of d?t Bmk her~ynd~r: (ii) to l~anfta ihe whole or any psri Of the CpUstera~ into th! nfrtl! Of ittlH or its nomir~; I,ii) to vote the CoNateral: : I io notity the Obtigcus of s~y Collateral to make payment to the Bank of any smounts du~ or to become due tAereon; (v) to dema~d, we tw, coltea, a z any compromise w setUement it deems desirsble nrith refer~nct to the Collateral; snd (vi) to tske possession or cont~ol ot any proceeds of CoNstersl. BooK ~76 PaGE 6~ ~ 2~ p~ t~ ~'q INOTICE: SEE OTHER SIDE FOR 1MPOR7ANT INFORMATION :>5 7s2 Aer.7/7~ ' ~ - --r~~