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Home My WebLink About0040 ? ~ , t Z8 , 000. 00 Stuart. Florida. December 16 ~ Ig 77 Note / Se@ pa~ment schedule b010W • atter date the undenigned (and i[ more than o~e, each of chem , ~~~i~~tly aud severally), heceina(ter called 1lfaker, promises to pay to the order o[ FIRST NATIONAL BANK AND TRUST COhiPANY OF STUART ~i ii, ol(icc at tituart. Florida, tW@ntY eiaht thousand and ~~~1~~ Dollars ;~.l~i~h :unou~~t inducles Proceeds o[ s_Z7LSS0.5O___ _ plus other charges see disclosure _ (Describc) ~,f S~.19 resulting in an AMOUNT FINANCED of S 28 • • Orwith interat at an ANNUAL PERCENTAGE RATE of ~~_00 °Jo payable aee bAl~which results in a FINANCE CHARGE oi ; 16.403.6(t~mputed on a 6 month maturity. i[ ~l~lnand obligation). If not included above, other charges in the amount of S--' lfdve been (Describe) c~~llrcted from riaker. As security tor the payment o[ this note ~faker has pledged or deposited with Bank the folloMing property: 1973 American travel trailer serial #CSA21672 Repayable in 120 nanthlv pavments of 370.03, includina ~rinci~a and intere~t beqininq 1/16/78 i ir~~lr~di~iy all oaaA, stock axd othrr divid~nds and all riyhtt to ~u6seribe /or securitee+ iweidtwt to, deelartd. or pmnted in co~n~etiou wit6 ..~~rh proprrty), u•/~eeA prop~~ty, topethtr u~ith a/l additiona and tub~titution~ Aerta/ter pledped o~ depotited witk Baxk ia eafled the Col- l~it~ ral. T~t Collattrnl "u ufao pltdy~d as uturity /ot all otker liabilitit~ (prineary. iecoxdary. direet, tortexyent, rofe. joint or aeveral). ~~~~e or to 6eeo?ne dae or whiuA may 6a AereaJter eontraetad or atquired, of eaek Maker (ixelxdiap taeJk Maker a„d any otlltr perion) t.~ Itank. TAe a~rrend~r o/ tku note, upow payment or otAerwiat~ ~Aall no! aJjett tl~t ripJkt- of Bank !o tttais tke Collattral Jor ~utlt ,~ih~•r leabilitiPi. Additlon~ 10. r~ductions or ~zcbanq~s ot. os substitu8oo~ for Ib~ Coliatual. papm~ab on aooount d thi~ loaa or incna~a ot th~ ~am~. or otb~r loaas mada putiaDp or whoUy upon th~ Collatatal. maJ hom tim~ tP tim~ b~ mad~ without aH~ctiaq th~ pro~isi~s o[ this aoN. Dank sha11 ~s~rciN rwon- able care in the cvslody and presenatfon ot th~ Collat~sai to th~ ~zl~nt r~quired by applieatia? shtub. and shall b~ dNm~d 1o ha~~ ~z~reis~d +~awn+~b~b care it it takes s~ch actioa for that putpos~ as Mal[~r sha11 rwonablT rpuest in wdtinq. bui ao omia~ioo fo do anp act nol r~qu»Nd bl I[ak~r shall b~ deemed a failurs b~z~rcL~ r~a~onable ear~. and no omission b oompiY wtth any nqw~t ot Na~~r shall d ibslt b~ dNmd a lailur~ b u~rev~ r~aaan- abie care. Bank ~hhall not b~ bound b tab aar atep~ n~cewrY to prae~~ mY riqhn ia ~h~ Collatsral +9+~ P*~ P~~ and ]~ak~r ~LaU tak~ all n~r essary st~ toe such pucpw~~. Bank or ib nomine~ a~ed not ooU~et intsr~st m o[ p[indpal d anl Collatud ar qi~~ atsT aotic~ witb s~sp~d to it. H ~Ls Coriaunl shall at an7 tlms beoom~ unsatisfaetory b Baak. D[ata ahall within ou~ day alNr d~mand pl~dq~ and d~pos@ wft6 Sank a~ part d the Collat~ral additional prop~rtr which is tatisfaclaq b Bank. ll Bank dMm~'iwlf ins~cvr~, or upon th~ happsniag at anr d th~ folbwinq ~~ents. wcb ot which ahall coo~tituN a d~tault h~r~under. all 1•,abilities ot oach Makec b Bank aha11 t6er~upon or ffi~raattet. at th~ oaion o! Baalc. without nwicy or d~mand. b~com~ dw and paTablr (a) lailun o! any Obliqor (which b~m shall m~an and includs each Mater, sodo~r, surstp and quarantot ~this nots) to pedorm anY aqrNm~nt h~nuadsr. to ~ pay inteswt h~r~on wilhia t~n dar att~r N is billd or olh~rwiN rsqu~at~d or d~mand~d. oc lo Pa7 7 otber IiabiHtp whahw~ir b Bank wb~n dw: (b) ~ the death d an7 Obliqor: (c) tbs flliaq d ani pstition undsr th~ Bantiupler Ac~t. or aay wnilu led~rd or stat~ stalub. bp or aqaiast anY Obligor: an t 3FP~cation (a[ tL~ appointm~nf of a r~cei~~r 1or. tDs makinq o! a qensral asstqnm~nt tor ~Ihe bea~Bt ot cr~djton bp or th~ i~uot~~ncq_o( ani Obliqor: ` ±he ent~ ot s judqment aqainst ant Obligor: (D th~ issuinq ot anY awchment or qunishment or th~ filinq of anT li~n. aqaiast anT Prop~rtY of anp ~ Obliqor: l~ tbs takinq d possss~ion d an7 ~ubstantial part d t!u Qrop~rtt of anp Obligor at W~ instanc~ o[ my qon~rnm~ntal ~uthorilT: (h) the dis- sulution. merq~er. ooosolidatba. or rsorqaniution ot anY Obliqor: th~ assiq~at bp aay Maker d any ~quitr in anp ot tlu Collabral without th~ wriri~n j cocsent d Banl~ I gank sLa11 ba~~. but shall ~1 b~ llmit~d to, th~ loUowaq- riqhb. ~ach oE which may b~ ~urcL»d at ant tlm~ wh~th~r o~ not this aob i~ dw: (U ~ to pledg~ ar tranat~r thL oob and th~ Collat~ral and Bank shap thsnupon bs relie~~d o! all dutlss and rMponsib[litln hrr~und~r and nl4vsd tr~ any and all IiabilitT wlth »sp~ef b anT Collat~ral so pl~dq~d or tranat~rtsd, and aap pledge~ or transl~r» ~haU fer all p~apoNi atand !n th~ plac~ d Bank h~r~und~r and ba~~ all th~ riqhb d Bank hsr~und~r, (il1 to traa~fer th~ wrhol~ ot anY part ot th~ Cdlaunl inlo tL~ nam~ d twlf or i4 nominN: ~ ie~i~ to ~ob ths Cdlat~ral; (i~? b nd'e}y ths obL'qon on aay Coilabral to mak~ papmsnt 1o Baak ot any amoun4 dw or b b~com~ dw th~r~on: (r) b demand, sue foc, oo11Kt. or maks aa7 compromiw or NtUem~nt U dNms d~sirabl~ wiW r~ter~na to tb~ Coilat~ral: aad hU b uk~ control of anY prooa~ds ~ of CollabwL Baak i~ b~r~bt qi~~n a lien upon aad a s~c~uttT 1nt~rMt ia all prop~rtT d~ach Obtiqw now o~ at aaY tim~ b~»a[br ia th~ posNSSi~ ot Baak in any ppatitp whabw~tr. includlaq but na limitsd b any bal:na or shu~ d any d~pwi~. trust. o: ag~ncy aooounti as wcuritY !or t6~ paym~nt of !his nots. and a simiLar li~n upon and securitT intsrsst in all auch prop~rt~ of ~ach Mak~r as Ncuritp bc tb~ pa~msat d all olh~r Iiabpiti~s o! ~ach Malnr co Bank lioduding IiabiliWs ot weh Maker aod aay oth~s p~rwn): aud Daak ~hall ha~~ eh~ ~a~ riqAb as to such prop~rtl ar it ha~ with rMp~ei to 1h~ Collatsral. It Baak d»s~ iwlf ins~eur~ or upon th~ oecurr~nu of aar d~fault b~rwnd~r Baak sball bs~~ ib~ »m~dia ot a weur~d pastt und~r th~ Uni- form Comm~reW Cod~ and, without timittnq 1L~ q~neralitp ol the lor~goioq. Dank sha11 ba~~ th~ siq6t, imm~dLtdT and without lurtL~r actioo bT it, Io set of! aqNast this nou a11 mon~~ ow~d bT Haak ia aar apaeiq W~aeh or anp Obliqor, w6~fh~r or not du~. aad alw b aN od aqaiost all dh~r tiabilitiM of weh LWnr b Bank all mowT ow~d bY Dank in aoY eapacit~ w~teh or an~ 14br: and Eank shaU b~ dMm~d b ha~~ ~s~rciad such riqht oi wtd! aod b La~~ mad~ a ebuq~ aqainst an7 su~ mon~T imm~diablT upon th~ oocurnno~ oi sueb d~tauh ~~w tbouqh sue6 chuq~ is mad~ or ~nt~nd ou th~ booics d nank sub~squ~at tb~r~lo. Unlw t6~ Collat~sal h p~rishabl~ or tLr~at~ns b dscUn~ spNdU7 la ~alw or b ot a trps cvs- ?omarilt ~old on • r~c~ognis~d mark~t. Bank wiU qi~~ 1(ak~r naaonabl~ uotio~ d th~ tim~ and plac~ d anT public sal~ th~s~of or o! th~ tim~ altar which any pd~aN ~al~ or ani ot6sr iot~d~d dlsposition t6~nat b to b~ mad~. 7'L~ rpuir~m~nt of rwooabb notic~ shall b~ an~t ii such notic~ b mailod. ~ pwtaq~ pr~pald. b m7 1(ak~r at tL~ addrw qi~~a b~1ow o: at an~ o1L~r addrw shown on th~ noords of t6~ Dank. at lwt 8~~ day~ b~tor~ th~ tim~ ~ o! th~ saN ~ dbpos~toa. Upoa dispwition ot aar CoUaqral atNr th~ oocurnna of any d~[auk 6~nund~r. ldak~r ahall b~ and r~main liabls lor anp asfid~nc7r: and Bank ~LsD sooount b Mak~r tar anl surplu~, but D~nlc shaU ha~~ th~ rlqht W ~ppll all or mT put ot such ~wplw (or to Mld ths sam~ as a rwr~~ aqaio~U anT and all WL~r 11abi1iWs ot ~ach a ani 1Salt~r b Bank. No d~la~ or emirsbn an ilu part ot Bank in ez~rcLinq aoy ~ig6t L~s~uad~r shall c~raN a~ a wah~r ot such riqht ot oE mp othsr riqht undsr this aot~. Pr~wnlm~nt, d~mand. protat. notic~ of dis6on~. and ~~n~ion ot tim~ without aotica u~ h~r~bp wai~~d bT ~ach and ~~sry Obliqor. Th~ ~ Obligon. ~ofntt~ aad an~raUY, promiw aod aqrw b par aU oow o( eoll~ctioa aad atbrw7s' INS ~qual b lOrJo ot t6~ principal sum or ~ueh luq~r ~ amounb a~ mat b~ rwonaW~ and ju~t ineurr~d or paid bT Hank in ~nlorcinq thi~ not~ upon th~ oecurr~aos d ang d~Iault. Any notie~ to Mak~r shall ~ be ~uNIcMaNT Nn~d lor all purpwN S plac~d in th~ maU. poslaq~ pnpu~d. addi~wd to or I~f1 upoa th~ pr~mL~~ at. tD~ addrw aDown bdow or anr other addr~n ~6own on Dank'~ r~oords. ~ Makrr aclowwLdqM :w~ipt d a oompbtd oopT at ~bL llot~ on th~ abo~~ du~. ~ y /s/ Russell J. Horsle ~ ADDAESS: p•O. BOX ~jf~,1T O -~g ~ x ~ Indianapolis, Ind. 46250 f~ ~ ~ ~ " J i ~ ~ fK ~ ~ ~ j'~ . ~ 5~ x