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Home My WebLink About0803 t INSTA~LMENT PROMISSORY NOTE ' SRW ~ ; JENSEN BL'AGiI HA~JK • ' (A) AmountR~ceiwd S 1~~n7~~~-,(~ ~ 9ANK NAME (B~ ~fm~uT 10t Crldit n'~~Q i ' Li/~/Dis~b~lity Ins. s i 40 Cor,~mercial St., Jensen Beach, FL 33A57 ' ~c~ o«~R,.~u~r su~++~: s ~ ~ OFFICE ADOitE55 OthK Char~s lii~m~z.l i ~ . IEI S ' NOTE NO. OATEO: . 19 • (F) S o j , (G) Amount Finanted 1? 100.35 s DUE: ,~g IA, e, C. D, E, FI S ; . t ' IHI Interat S ~ ~ i ' (1! Cr~dit Investigatioo = ' ' ~ P~ACE: JQ~1SE'il Beach, , FLORIDA IJI Othsr S For value rece~ved, the undsrsigned (he~einalter called "Maker") jointly and severally (it (K) - s i : more than one) prom~u to pay to the order of the 8ank, at ia ofiice I~sted above, the Totat j ~ oi Payments Ifrom INl at right) ot tfi ~fZ72.74 po~~a~=pay~b~e;~ $4 s i equal monthly installments o1 S ~0 • 8U ~ ~~~t ~M1 FINANCE CHARGE 4~ 771. ~i9 IH, 1, J, K, l) S ~nstallmenl due on . 19 , and subsequent i~sallments due on (N) Total ot Payme~ts (G + MI Z ;ne day ot each mo~th ~hereaftar, ioy.tne. w~cn a F~NA~ BAL~oON PnYMENT OF: ANNUAL PERCENTAGE RATE % 5 ti~.~~ OUE .19 ~ The Bank shall impose a delinquency charge against the Maker o~ aoy payme~t which hss btcome due a~d rema~ns in default (o~ a period in exoau of 1O da~s ~n an amount equal to 5Xs of the amount oi the principal part ot the nt in default. In the event that the Note is not paid i~ (ull at maturity, all pay- ments, whether principal, interest or otherwise, shall bea~ interest st tAe I 1 rate atlowecl u~der the Isws of the State of Florida. Atl payments made hereunder shall be credited first to interest a~d ti~en to prirxipal, h ~n th t oi default, the Bank may, in its sole d~scretion, appty any psymeot to ; ~nterest, principal and/or lawtul charget then atvu . It is the i ~on the es he~eto that the provisiOns herein sha11 not provide direetly o? indirectty : ior [he payment of a grea~er rate oi interest or the etentio~ o( a ot c ihan is allowed by law. I(, for any reason, interest in exceu ot wch legal ~ate or ` a charge proh~bited by law shall at any time be pa , a~y such ex sll ei r ca+stitute and be treated as a payment on the principal or be relunded directly ~ , ro the Maker. The Maker may prepaY 1he enti?e unpaid ba~ance f the t at any time. Ii the loan is prepaid in'(ull, accelerated w refinanced, the Maker shall receive a ~e(und of tAe unearned port~on oi the ~nterest and in premiums computed by the Rule ot 78's method, except that the Ba~k shall be entitted to reain a mimrtwm interest cha~ge o1 ~ CREDIT IIFE AND CREDIT LIFE & OISABILITY INSURANCE ARE VOLUNTARY AND NOT REUUIRED FOR CREDIT. Such inwrance covenge is ava~lable at the cost designated below for the term of the credit: la) S for C~ed:t lite ~nwrante (b) S tor Credit L~fe 6 Oisabil~ty Inw~ante: . Check ? C?edit Life Insurance is des~red on the life of ' f qpp~. B~rthdet! j Box ? Gedrt Li~e 8~ O~sab~lity Insurante ~s desired on ~ Bhthdate ~ Credit l~fe and/or DisabJity I~su.ance is not desired. A` ~ ~1 I~`' ! ~f 3 ~dIB: V C~ .C 7~ ~7 ~7 SNJfWtUf! ~ ~ , r ~ - e . ~oste Signature ~ e ~r ~ e o As security iw the payment of the Note the Nlaker hereby grants to the nk a uri mterest m the (allowirg p~operty_ Lot 155, 5ectiun lI, t,UTU i:E~~: i:T: • F~s':~:E.ICA as described in said i=ort~aae. 'I ~nc~ud~ng all increases, substiwuons, .eplacements, additions and accessrons thereto and ~n the proceeds thereof (hereinafter called "Collateral"1_ This security ~n~erest shall atso secure any other ~ndebtedness or ~~ability o( the Nlaker to the Bank direct or indirect, absolute or co~tingent, due or to become due, now ez• £ l ~snng or hereafter arn~ng, includ~ng a11 future advances w ~oans by the Bank to the Maker. # f The Bank is also g~ven a I~en and a security ~nterest in a~l propertY and securities oi the Maker, endorser, surety, gua~antor or accommodation party of this ~ ~ No~e (here~natter ret~rred to as the "Otligori'1, now in or at any time hereaiter ~oming into the control, custody or potseu~on ot the Ba~k, whether tor the ez- v~essed purpose o~ bemg used by the Bank as Cotlateral, or tor any other purpose, and upon aMr ba~ance or balances to the credit o~ any accounts, includirg i i r-ust arxl agency accounts mamca~.xd wrththe Bank Dy any of the Obligors, and the Obligors a9ree to deliver to the Bank additional Collateral or make wch ; E ~~ayme~ts ~n reciucuon of the pr~nupal amount of the loan as s1~a11 be satisfactory to the Bank, in the event the aforementioned Collateral shall decline in value ~ f w become unsatisiacto.y to the Baok. Addrtions to, ~educaons or e:changes o~, or substrtutwns ~or the Collaterol, payments on account ot this loan or increases oi the same, or other loans made ~ pa~ c~ally o. wholly upo~ the Collateral, may trom time to time be made wilhout aftecung the p?ovisions ot this Note. The Bank shall exercise reasonable care in s ~ :he custody and preservation ot the Colla[era~ to the ezte~t required by appticable statute, and shall be deemed to have exercised rwwnable care if it takes such ~ acf~on tor that purpose as Maker shall reasonabty request i~ writing, but no omission to do a~y act not requested by Maker sha11 be deemed a tailure to exercise ~ ~easonable care, and no om~ssion to comply with any request oi Maker shall of rtself be deemed a faiture to exercise reasonabte wre. Bank shall not be bound to ? zake any steps necessary to prese~ve any rights in the Collateral against priw parties a~d Make~ shall take atl necessary steps ~w such purposes. The Baok o~ its : nom~nee need not collect interest on,-or a p~i~cipa~ o~, any Collateral or give any notice with respect to it. r The Bank may continue to hold any Collateral depos~ted hereunder after the payrnent o( this Note, it at the time of the payment and discharge hereof any of ; ~he parties liable ~or the payment Aereof shall be ~he~ duecUy or contingencly I~able to the Bank as Maker, endorser, wrety, gua~antw or aocommodatio~ party ~ of any oiher note, dratt, b~ll o( exchange, o. o~her instrument, or otherw~se, and the Bank may tAereaiter exercise all .ights with respect to said Collateral granted Aerein even though this Note shalt have been sur?endered to the Maker. ~ If the Ba~k deems itself insecure o. upon the happening of any ot the following events, each ot which shall constitute a deiault, all liabilines ot each Maker to [he Bank, includin9 the entire unpaid pr~nc~pat of this Note and accrued incerest, less any unearned interest and any interest in excess of ehe mazimum.allowed by law and any rebates required by law, shall imrned~ately or ihereatter, at the opuon of tbe Bank, excapt that the occurrence ot (c) or (d) shall cause automat- ~ ~c acceleration: wuhout ~otice or demand, become due and payable: (a) the tailure of any Oblgw to perform any obligation, liabiGty or~claim to the Bank, to pay ~ ~nterest hereon withio lOdays atter it is due, o~ if there is no due date, aiter it is billed or othtrwise requated or demanded, w to pay any other liabitity what- ~ soe~4r to the Bank when due; (b) the death o~ any indrvidual OblgOr, the dissolution of any partnership Obligo? or tAe dissolution, merger or oo~solidation with- ~ out the Bank's prior written conunt o~ any corporate Obligcx: (d the fiting oi a peticion in bankruptcy or the adjudication ot insolvency or bankruptcy under ~ any reorga~ization, arrao9ement, readjustment ot debt, diisolutio~, liquidation or similar proCeeding under arly Federal or state statute, by or against sny ~ Obl~gor; (dl an applica~ion tor the appointment of a reoeive~ tor, w the making o( a genersl assignment for the bzne(it of c.editors by, any OWigor: (e) the entry ot ~udgment agamst any Obligor; (1) ~ne issuing of any attxhment or garnishment, w thc filing o( any lien, against any property of any Obligor; (g) the taking of ~ possession ol any substantial part of t1~e property of any Obliyor at the instance ot any governmc~~al authwity: (h) tlx determmation by the Ba~k that a materi- ~ al adverse change has ocwrred m the financial conditio~ oi any Obliyw from the conditions set lorth in the most recent tinanc~ai statement of such Obligor • ~ herecofore furn~shed to the Bank, or from the condiuon o( wch Obligor as heretofore most recently disclosed to the Bank, or that any warranty, represen[ation, i ceriii~cate or statement oi any Oblgw (whether conained in this Note w not? pe~taining to or ~n connectwn writh this Note w the ~oan evidenced by this Note conta+ns an untrue sqtement of material fxt or omits to state material fxt ncceuary in order to make the sWtements made not misleadinp; a, ii) the ssiiy~- ~ ment by any Make~ ot any equity ~n any oi the Collatersl without the prior wtitte~ eonsent of the Ba~k. ) The Bank shatl have, but sha~l not be limitsd to, the following rights, exh of which may be exercised at any time whether or ~ot this Note is due: (i) to pied9e o. transfer this Note and ~he Cotlateral and ~he Ba~k shall thereupo~ be relieved oi all duties a~d responsibili~ies hereunder and relieved trom any and all IiabJity with respcct to an~ Collateral so pledged or tra~sferred, arxf anY pledgee w tra~steree sha11 tor all purposes stand in the place ot the Ba~k hereunder a~d have all the rights of the Bank hereunder: lii) to transier the wAole or any psrt ol tl~e Collateral into the name ot itsell or its nominee; (iii) to vote the Collateral; (~v) to notity the Oblignrs of any Collatenl to make payment to the Bank oi a~y amounts due w to become due tAsreon; (v) to demand, we for, co~lect, or . maks any co~~?is~ a settlement it cfeems des~raWe witn ref~rence to tht Collateral; and (vi) to take posseuion or cont~ol of any proc~eds of Collateral. ~ BOON ~~V PAfiE NOTICE: SEE OTHER SIOE FOR IMPORTANT iNFORMATION