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Home My WebLink About0192 INSTALIMENT PROMISSORY NOTE ; - F T NATIO AL BANK O O T PIERCF: ~~?1 Amount Receiv~d S 5. 500. 0(Z ' 6ANK NAME IBI Prfm~um tor Cred~t ~ ur.~~;~b~i~~y i~:. s 284. 30 Post Office Box 9?0 k'ort Pierce Florida ~c~ oo~~~?.~~,?v s~a~.w: s 4Q ` - JFFICE AO Re55 (0) Otha Cnarqts (~tem~td s none IEI S_ none ~•ore ruo. 24..2874-1 OATED: ner_Amher 9 ,~9,~. ~F~ s none (G) Amount Financed ou~: December 10 ~ ~gH2 . (A, B, c. E, F~ s 5. T95. 70 • 1?~1 ~n~erest s_ 1, ?53. 10 ~ - P~ACE: Fort Pierce , FLORIOA c..a~t i~~~~~t~o~ s 25. 00 , ~ 1~) otne~ s none ~ For value recerved, the unde~signed (hereinalte~ w11ed "Mak~r") jointly and s~verally (if ~K) = none 4 more than one! promise to pay to the order of th~ Bank, a~ ~n office listed above, Me Toal = none Payments (~rom (N) at right) of.,~7,, 5T3_ 8Q pollars payabte in ~Q_ ~ ~a~ montn~y ~nstaume~ts ot S 126. 23 , ~he ~~nt IMI FINANCE CHARGE ~Q lH, I, J. K, L) S 1~ ?7g- 1 O +nstallment due on 1Sn_ 1 ~ , 19_(s~., and wbsequent installments due on tN) Tobl o/ Payments (G + M) S?+ ~73. 8~ ~ne_ZQday ot each mon[h therealter, to~etner witn a F~Na?l B~?~1.00N vAVMeNT OF: ANNUAL PERCENTAGE RATE _ 11. O8 5 None oue Non~ , ~s % The Bank sAsll impos~ a delinqu~ncy chsrge agai~st tht Maker on aay payment vrhich has beeome due and remains in de(ault for a period in exass ot 10 days in an amounc pual to 5% of the amount of the p.incipal ps.t ot the paYmer?t in dalault. In the ev~~t thst the Note is not paed in full at matunty, all pay - i mencs, whether principaf, in~ercst a otherwise, shall bsar interest at the maxirtwm Iq+al rate allowed unde~ the laws oi the State of Ftorida. All pay:r,eon msde nereunder sAall be credited fi~st to intarest and then to principal, howev~~, in the ew~?t of defa~l~, the Bank may, in iis sole discretion, apply any psyment to ; ~ncerest, principal and/w lawful charges then accrued. It is the intencion of the Wrties hersto Mat the provisions ~e~ein shall not p~ovide directly or indinetly = +o< <he payment of a greater rete of interat or the retentioo oi any other charge than is allowed by law. If, to~ a~y reuon, interest in ezuu of wch teq~l rats or a charge prohibit~d Cy_ larv shall at any tirrk ba paid, any such extess shali either co~stitute sod be mated as s payment on the printipal Or.be re(ur?ded direttty ~o the Maker. The Maker may prepay the entire unpaid bala??ce of the loan at any time. If the Iwn is prepaid in (ull, sculerated or refinanpd, the Maker shall ~eceive a refund of the unear~ed portion of the intertst and inwranc~ premiums computed by the Hute of 78's method, except thac the 8ank shall be entitled ta ~eain a minimum intbest chsrg~ oi • CREOIT LIFE AN~ CREDIT LIFE ~ DISABIl1TY INSUAANCE ARE VOLUNTARY AND NOT REQUIREO FOR CREDIT. Such inwrance coverage is ava~~ab~~ at the cost d~signated below tor tht term of the uedit: fa) S 2H4. 3 0 for G~dit Life Inwnnce (b) S None for Cred~t life 8 Disability Inwra~ce: cn~k ~ Gedit lifa Inwrance is desire~on tne lite ot Eu~ene T. Chandler, Sr. • • ~ s APP~- Birthdate 12~4~9 Box ? C~~dit life d~ Disability InsuranCe K desireti on ~ ~ Birt ~ ? Credit Life and/or Oisabiiity Inwrance is not dez~rcd. 'e~ ; ~ i oa«: December 9, 19?? s~~t,,,, " ~ ~ ' ~ Signature ~ ' As secunty for the payment oi the Note the Maker hereb rants to the Bank a securi f Y 9 ty interest in the followirg p~operty: j FIRST MORTGAGE See over for description - - - _ - - - - ~ ~ ~w~..~~~~~~~~~~~~~.~~~~~~~~~~~~~~~~~~~~~~w~~~~~~~ ~~r~~~~~~~~~~~~~~~~~ i ~ ~ ~ncluding all ~ncreases, wbmtudons, replacements, addicions and accessions there~o and ~n ~he proceeds thereof (heranaher called "Collateral"). This secunty ; ~n~erest shall also secure any other indeb[edness w liability of che Maker co the Bank direct or indirect, absolute o. con~ingent, due w to become due, now ex- ~ ;st~ng or hereafter arising, inctud~ng all fu[ure advances w toans by the Bank to [he Maker_ ~ The Bank is also g~ven a lien and a security rneerest rn a11 prope.ty and securuies of the Maker, endorser, wretv, 9uarantor or accommadacion psrty of this No~e (here~nafta referred to as the "Obtigors"i, now in or at any time hereafter comirg ~nto the control, cuscody or possess~on of the Bank, wheiher for the ex- pressed purpose of be~ng used by the Bank as Collateral, w for any other purpose, and upon anv balance or balances to che uedit of any accounts, ~ncluding ~rus~ and agency accoun[s maintained wi[hthe Bank by any of the Obl~gors, and the Obliqon agree [o deliver to ~he Ba~k add~t~onal Collaceral or make such payments in reduction of the pnnupal amoun~ of the loan as shall be satistactory to che Bank, in the event the aforementioned Collateral shall decline in value or become unsat~sfactory to the Bank. , Addit~ons to, reduc[ions or exchanges of, or wbs[i[ut~ons for the Collateral, psymenn on account of this loan or increases of the same, or ocher toa~s made part~ally or wholly upon the Collateral, may trom time to time be made without affecting the prova~ons of this Note. The Ba~k shall exerc~se reasonable care in che cuscody and proservation of the Collateral to the extent requued by applicable statute, and shall be deert~ed co have exercised reasonable pre if it takes wch act~on fw that purpose as Maker shall reasonabty reques~ m wnting, but no omiuion to do a~+y xt not requested by Maker shall be deemed a failure to exaeise +eazonaWe pre, and no om~ssion io comply with arry request of Maker shall of itself be deemed a failure to exeruse reasonable care. Bank shall i?ot be bound to cake any steps netessary to preserve any rights in cM Collateral aqa~nit prior parties and Maker shall take all necessary steps for wch purposes. Tiu 8ank or its nom~nee need nOt collect interett on, or a prinCFpal of, any Collaterat or give any notite with respect to it. The Bank rt~ay continue [o hold any Collateral deposited hereunder after the payrr~t of this Note, if at the time of the payment and discharge hereof any of tAe parties liable fa the payment hereof shall be the~ directly w con~ingen[ly tiable to the Bank as Maker, endorser, surety, guaranta or accommodation party of a~y other note, draft, bitl of exchange, or othe? irutrurt~e++t, or otherwise, and the Bank may the~after exerc~se all rights with respect to said Collaterai ;~anied herein even though this Note shall have been wrrende?ed to the Maker. If the gar+k deems itself insecure w upon the happening of any of tht follow~ng events, each of which shsll constitute a default, all liabilit~es of each Maker to cne Bank, intludi~g the entire unpaid print~pal of this Note and atCrued interest, leis any unearned interest and any interest m excess of the maximum allowed - by law and any rebata required by law; shall immediate~y or [hereafter, at the optan of the Bank, except that Ttu occurrer?ee of (c) or (dl si?alt eause wtomat- ~ accelerauon; w~thout ~otice or demand, beeome due and psyable: (a) the failure of a~y Obligor to pe~fo.m any obligation, liability o~ claim to the Bank, to pay ~ ~n!erest hereon withit~ lOdays af[er it n due, or if there is no due date, after it 1s blled w othervWse requated or demar,ded, or to pa~r any otha Iiability what- ~ soever to the Bank when due; (b) the death oi am individusl Obligor, the diuolution of ~y pirtnership Qbligor w the dissolut~o~, merger or oonyolidat~on w~th- ouc che Bank's prior written co~se~t of any caponte Obligor; 1c) the filing of a petition in ba~kruptcy a the adjudication of insolveney pr bankruptcy under ~ny reorganization, arnngement, readjustmenc of debt, d~isolution, liqudation or similar praceedi~g u~der ar?y federal or state statute, by or against any ~ Obl~go.; Id) an application for tAe appointment of ~ receiver fo~, w the making of a generat assia^~nent ~or the benefit of ereditas by, any Obligcx; (e) the entry uf iudgment against any Obtigor; (f) the iswing of any anschme~t or garnishment, w the filirg o~ any lien, against any propercy of any Obligor; (g) the taking of ~ ,-,ossessioa of aoy substanual put of the p~oVerty of any Obligor at the instance ot any governmental auMority; (h) the determinarion by [he Bank that a ma[eri- ` ai adverse dwnge has octutr~d en the financial tond~tion o( any Obligpr lrom the conditions set ~orM in the most retent financial stateme~t of wth OWigw ' ~ nerecofore (urnish~d to tht Bank, w from the co~ditio~ ot wch Obligor as heretofore most recently disdoxd to the Bank, or that a~y warranty, ~ep.esencation, ~ : er±~t~cate w statement of any Obligor (whsthN contsined in this Note or not) pertamirg to w in con~eetion with this No~e or tAe loan ev~denced by th~s Note ~ conTams an untrue statement of mataial fxt w omits to sqt~ material fxt necessary in wder to make the sqtements made not misltadieg; or, (i) the assign- ~ r.,ent by any Maker of any eqwcy in any of [M Collaterol wichout cht prior writtcn consent of the 8ank. The Bank shall hm, but shall ~ot b~ limited to, the (ollowing ~igha, exh of which may be extrcesed st any time whe~Aer or not this Non is due: (i) to ; c~edgs or trsnsfer Mn Note and the Collateral and che Bank shsll thereupon be reliwed of all duties and responsibilities hereunder and relieved from any and all - ~~ab~1f cy with respect to sny Collateral so pl~dgsd or nansfar~d, and any pledgn o. traosferee sha11 for all purposes staod in the place of the Bank herwnder and have all the rights ot the B~nk hertunder; (ii) [o trsnsfer the whole or any psrt ot the Collatetal into the narne of itself pr its nom~nte; (iiil to vote the Collateral; ~ I~v? to noti(y the Obligors of any Collatersl to mak~ payme~t to the Ba~k oi any amounts due o~ to become due thtreon; (v) to demand, sue for, colteet, w ~ ~~a+ce any compromise or seetlem~+t it dKms desirable anth referenca to the Coltatsral; ar+d (v~) to take posscssion pr contrpl of any proCeeds of Collatenl. ~ ~ NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION ~