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HomeMy WebLinkAbout0798 ~ • ~ INSTALLMENT PROMISSORY NOTE S!t! • Jk:Ii;;i:?i G::r~C!I li~ii~1l: ' ~ IA! Amount Rece~ved s 1~~1~75.!1f) BANK NAME (B) Pr~mium to~ Credit ~ n^n~ ' Lit~/pisability Ins. s r0 ~t; .~rc i a] S' .,,j ci~~ ~n t~each, FL 3345~ ~ Ic? o«u„~?~•.y sa~ s 50 ; OFFICE ADORE55 (0) O[hN ChsryK (it~mi:~) t ; IEI t NOTE NO. OATEO: . 19_. (F) S ; (G) Amount Finanted lo {iC•7.~j~ IA, B, C, O, E, FI S + DUE: ~ 19 (H) Interest S 4~^(~(~.74 PIACE: `J^n5en ~F'c~~h~ , FLORIOA (l) C~Mit Inv~stigatioo s 1~.~ ' (J? O~h~. S for value ~ece~ved, the unders~gned (hereinatter called "Makei jointly and severally (il (K) s > more tha~ one) promiu to pay to th~ ordtr of the Bank, at its oifica listed above, tht Totsl ~ o~ Payments (1rom (N) at right) o( 1~_ _ 74 pollart paYabl~ in s ` equal mo~thly installments o/ S ~ 7'•!~1 , tne t~.st ~M? FINANCE CHARGE a~.~.~1 ~7~ (H, 1, J, K. L) S i ~nstaNment due on , 19_, and wbsequent instattrtxnts due on (N) Totai of Payments lG + M) S y• 74 i ~ne day of each mo~th thereafter, to9ether with a F~NAZ BA~~OON PAYMENT OF: ANNUAL PERCENTAGE RATE 10•p % F S :,i_!~! ~ OUE ,19 , , j The Bank shalt impose a dehnquency charge against the Maker on any payment which Aas become due and remains in default tor a perioil in excess oi 10 days ~n an amount equal to 5Ys o1 the amount of the principal part of the payment in default. In the event that the Note ~s not paid i~ full at matunty, all pay- i men~s, whether principal, interes[ or otherwiu, shall bea. interest at the maximum Icgal ~ate sllowed unda Ihe taws ot the State ot Florida. All payme~ts made s hereunder shall be credited t~rst to interest and then to princ~pal, however, in the eve~t o( delault, the 8ank may, in its sole dixretio~, apply any paymMt to ~nterest, principal and/o~ lawful charges then accrued. It is the intention of the parties he~eto that the provisions herein shall noi provide direCtly Or indireCtly 10. ~he paymeot of a greater .ate oi interest or the ~etentio~ oi any other charge than is allowed by law. Il, lor any reason, imerest in excess ot wch kgal rate or a cnarge prohibited by law shatl at any time be paid, any wch excess sh$11 e~ther constitute and be treated as a paymen? on the principal or bt refunded direetly to the Maker. • The Maker may p~epay ~he entire unpa~d balance ot the ~oan ai any time. If the Ioan is p~epaid ~n tull, accele?ated w refinanced, the Maker shall receive s refund ot the unearned poruo~ o~ the interest and ~nwrance premiums computed by the Rute of 78's method, exoept that the Bank sAall be entitled to retain a m~nimum interest tharge of ~.0(l. ~ ~ CREDIT LIFE AND CREOIT LIFE d~ DISABILITY INSURANCE ARE VOIUNTARY AND MOT REQUIRED FOR CREDIT. Such inwrance coverage is ! ava~lable at the cost designated below for the term ot the credit: (a) S fo? Gedit Life Inwrance (bl S ~ for C~edit l~(e dt Disabi6ty Inwrante: ~ _ - Chetk ? Credit Lite Insurance ~s desired o~ ~he Iite of ! Appl. Birthdate Box ? C?edit Life & Uisab~lrty Insurante is des~red on _ ~ Birthdate ~1 Credit Life and/o~ Disabllity tnsurance is not desired. ~D D LT. 1 Y, ~417 S~y~ature ~t ~ ' Date= - : ar ;i ~•ianzelli~/? ~ Signature ~ Lr'~C^, / / ' ' As security fo? the payment of the Note the Maker hereby grants to the rKlc~7i~ i~tN2!'t~~~ tollowi property: , i~~t 15E., ~ecti^n I1. ?_~T~ :.i; ~;~~S:~RTS GF AtSrI~ICA as oescribed in said ti~rtga~e. ' ~nduding at1 increases, subst~tut~ons, replacemems, addrtions and access~ons there[o and in the p?oceeds thereol (heremaiter called °Collateral"1. This security i ~ nterest sha11 also secure a~y other inciebtedness w I~abd~ty of the Maker to the Bank direct or indirect, absolute or contingent, due w to become due, now ex- ~ ~sung or hereaf~er aris~ng, inc~uding a11 fu[ure advances or loans by ~he Bank ro the Maker. The Bank is atso given a I~en and a security ~nterest ~n all property and secur~ties of the Make?, endorser, wrety, guarantor or accommodation party ot this ~ j Note (heremaf~e~ re~erred to as the "ObGqors"1, now in or at any time hereafter com~ng ~nto the control, custody or ppuess~on of the Bank, whethd to~ the ex- ! p~essed purpose of being used by the Bank as Collateral, or fo? any ofher purpose, and upon any balance o. balances to the cred~t of any accounts, ineluding ~ crust and agency accounts maintained withthe Bank by any oi the Obligors, and ~he Obligon ag.ee to deliver to ehe Bank additionat Collaceral or make wch payments in reduct~on oi the D~~~~Pal amount o~ the loa~ as shall be satisfactory to the Bank, ~n the event ~he aforementioned Collateral shall decline in value e ar become unsat~siattory to the Bank. ~ Add~t~ons to, reductions o~ exchanges of, o~ substitutions tor the Collateral, payments on account of this loan or increases o1 the same, or other loans made n~~~e~ally o. wholly upon the Cotlate~al; may irom time to time be made without affecting the provisions of this Nole. The Ba~k shall exerc~se reaso~able care in a the custody and prese~vation of the Co~lateral to the extent requ~red by applicaWe statute, and shall be deerned to have exercised reasonable care if it takes such act~o~ for that purpose as Maker sha~l reasonably request ~n writing, but no om~ssion to do any xt not requested by Maker shall be deemed a failure to exercise reasonable care, and no omission to comply wi[h any request oi Maker shall ot i[selt be deemed a tailure to exere~se reasw~abte care. Bank shall not be bound fo Take any steps necessary to preserve any r~ghts ~n the Collateral against p~iw parties and Maker shall take atl necessary steps /or wch purposes. The Bank or its nom~nee need r?ot collect ~nterest on, or a prirx~pal oi, any Collateral or give any notice with respect to it. The Bank may continue to hold any Collateral deposited hereu~der aiter the payment oi this Note, if at the time o~ the payment and discharge hereof any of ~he parties liable for the payment hereot sF?all be ~hen d~rectly or continge~tly liable to the Ba~k as Maker, endorser, wrety, gua~an[or or accommodation parry ot any other note, draft, b~ll oI excha~ge, or other instrument, or otherwiu, and the Bank may thereafter exercise a11 rights with respect to said Collate~al ~ g~aneed here~n ~ven thougFLthis Note shall have been surrendered to the Maker. If che Bank deems itself insecure or upon the happening of a~y oi the followinq events, each ot which shatl constitute a detault, all liabilities of eacl? Maker to ~ne Bank, intlud~ng the e~tire unpaid principal of this Note and accrued ~nterest, less any unearned interest and a~y inte~est in exceu of the max~mum aflowed by law and any rebates required by law, shall irt~rnediately or therea~ter, at the option of the Bank, except thaf the oocurrence ot (c) w(d) shall cause automat- ' ~c accele.at~on; without notiCe or demand, betomed~x and payable: (a) the failure ot any Obligor to per(orm any obiigation, liability o? cla~m to the Bank, to pay ~ ~nterest hereon within lOdays-a(ter it is due, or if there is no due date, af~er it is billed or otherwise requated or demanded, o? to pay any other liability what- ~ sceve? to ihe Bank when due; (b) the death of any individual Obligor, the diuolutio~ oi any partnership 061igor o~ the dissotution, merger or tonsplidatiOn with- ~ ou~ the Bank's prio. wr~tten consent oi any corporate Obligor, (c) the tiling o! a petition m bankruptcy a tFx ad~udication of insolve~cy w bankruptcy under ~ any reorganizahon, arrangement,_ readjustment of debt, dissolution, liquidation or similar proceeding under a~y Federal or state statute, by Or against eny ~ Obligor, fd) an applicaUOn tor the appo~mme~t oi a receiver fOr, or the making o( a general auigoment for the benefit of creditws by, any OWigor; (e) the ~ntry o~ ~udgme~t against any Obligor; (f) the iswing of any attachment or gar~ishment, w the titi~g ot any lien, against any property of any Obl~gor; (q) the takiry o( ~ possess~on oi any substant~al part ol the property o( any Obligor at the instance of any governmenal authai~y; Ih) the determina~ion by the Bank that a mat~ri- ~ at adverse change has occurred in the tinarscial conditio~ ot any Obligor i~om the conditior?s set forth in the most recent tina~ual statement ot wch OWigor neretotore furnished to the Bank, or (rom the condition oi wch Obligor as heretofore most retently disclosed to the Bank, or that any warranty, representation, cereiticate w statement of any Obligw awhether contained in this Note w ~ot) pertaininy to or in connection with this Note o? the loan evidenced by this Not~ concairn an untrue statemer?t of materwl lact o. omits to state material fact necessary in order to make the sWtements made not mislead~ng; or, (i) tht sssipn- ment by any Nlaker ot any equity in any o1 the Collateral without the priw written consent of the Bank. Th~ Bank shall have, but shall not be limited to, the /ollowirg rights, each oi which may be ezercised at any time whethe~ w not this Note is due: li) to ~iedg~ a trsnster this Note and tfx Cotlateral arxf the Bank shall thereupor? be relieved of all duties and responsibilities hereunder and rel~eved from any snd stl I~ability with respect to any Collateral so pledqed pr trans(erred, arxl any plecfyee qr tnnsferee shall tor all purposes sund in the place of the Bar?k hereunder sr~d h~ve ~II t1~e riql~ts o~ the Bank he~eu~der; (ii) to tnnsfe~ the whole or any part of the Collateral into tha name of itsell or its nominee; (iii) to wte the Collata~l; (~v) to notily the Obligors ol any Collatcrat to make payment to the Bank ot any amounts due or to bewrt~e due thereon; (v! to demand, we fa, cdl~ct, a mak~ a~y comprom~s~ w s~tttement it deems deiirabte with re(ersnce to the Collateral; snd (vi) to tsk~ possess~on o~ tontrol of any proce~ds .Ot Collst~p(. NOTICE: SEE OTHER SIOE FOR IMPORTANT INFORMATION ~y~ ~A~~ FBS TS? 7i7: . _ . . _ _ . ~~3^^ . .