HomeMy WebLinkAbout0317 • . ~ . INSTALLMENT PROMISSORY NOTE . . . ~
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. JENSEN ~B&ACH~BANK:: i',-:=~;, ~ - = i~l =-I;t 0!I'---~~~ ~a~AmountR~ciiwdl'__,i~.=~; .~~~pp-~~, . . ' -
. _ _ 'i~ - 'i i 9ANK NAME -1~; 1,~ ^ t~i --'ti 1;~ '~IB1•~PremiumloiCridiji~l = 1~1~= •1~'~=a11 -59 ~
. ~1;',.' ~~lil~_'~~'~~=.;l~~ -:~~:~_Lil~~Di~abiGty.lns.__ It.r=~ ~ ~ -
~40 Commercial~~St:~;'Jensen ~Beach.'-~I.~~ -33457 ~~.~i !C1_'~«~ ~ cr ma
~f~ i;~ "'''16:50~• ' - ~
- ~ 1-: ~ m~ou ~st~ ~~j ~ - - - 'i
- ~1.'-- _.•,1 - ~OFFICE ADORESS~•~ • r'~1~--- i~~~ 'IDI'OIAt! 1~ ~0l3 ~ . : . . =f
. . ' ~ i+. ~t~ i - ~ ~
. - ~i - i; ~ ~ i~~ ~ _'as.:Qf=Decembe '21 ~ ~~977 - Chs (ittmi:~l - - _ =
lit.t1~3r.: ~u}t°-I;l~=.~1 ! I ' ~;i 1~,-;;j-~:~:~t.• :~_t:•,: fEl_ w '~i_• _ ~ ~ _ • =-~;1
NOTE NO.- ' . . • •OATE~y'~ovember~ . ~.lg y'~i -IF) - r 1 -
. . ~ /~1 ~ ~~f ..-_•1~1•~ ~...•t~. ~1 ' ..i'"_• . ' .w. . _ _ ~~1•~..=
- ' =-iji-:t;?~'!14'=.li;'=!1;'-'~~~'=-~t~l~=;E1~~-i~~~=~t{I~--!j;._~i~;';'~:~'_ '(GI'A , ti il~'=11~_"~~I i._• ~
- i _ mwint ~i ntid-' ! ! 8 7428 ~ =•1i
ouE- '11p.L.embP.1'-'~i - , . - • -'w'-- ;.tg ,,•IA, B: C.•Dt'~•# ~ ~~~f -
. i ~ ; 7~~'ii' ~H~'~OLlflft ' .'rl '~•r''i•~Z•'.=2;532i'11.-.•.e~~• , '
1 ~ ~,M •~.eacli~• ~'11•-'''i•` •t~l ~~I~~ =~I~i~=~i~~~=
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P~ACE. -Jensen,•B - - -;~Fio IDA-' =ai~;•c~ed~~i~~a~~~~~'o_•,, -t ~ - -
. ~ , - . r - . . . . . _ ~ = _ .~i _ :~1~- z, _ - _ :
Fo~ valu! retlived..th! undert ed (heffinaftlrCSlkd "M k~r • '1i ~ +I - ~1• ~ (JI-:Other' _ _ -
g~1 a t joindYsnd.sevewlly
(if JK~' ~s. . 2 - . . -
mo.e than one) promise_to pay io tbe order_ot the 8ank; at its otfite listed'above,'the Totsl-1;1 -'•=i.
ct Payments (trom~IN) li..gnii o+ 10;975.8~ = ~ ~[~1larspaYable in:~a
__~4~ !~rL1- _ ~ _ - - ~ - - - - '
e~~ua1 montAly~installinents~oi,z 182~.93= _ = - =--,r, = iAe'lirit: fMl'_RNANCE CHARGE.~'~=_',~~'_2'~ ' ; ,t ~
~anua 1 -=t'; ;78^ - ~ _ •IH: t_'~,t~~~~,t'=-'~n:-_'~
,s ~547.71.- ~ ;
~~scaliment due bn ~]?=-`2 • - 19 ; and wbsequent instatlments due oo ~~N) •Totsl of .Ps menti (G MI_'._ ~ 75 • ~ _ ~ "
~he ' day.of each moath theresitei=togethei with ~ ~ -V - - . - - ~ . Y _ _ . . . _ ' :
~ ~ _ i E1NAl.BALLOON PAYMENT OF:~=.• ANNUAL PERCENTAGE RATE'•~a'~ 92 "
~ .NONE=` _ouE='•ti-1:f =-i~l t;t-1;~ _ ~i;l--;i' ;t9'- =i~i _ - _ - _ ~ x' = ~
. _k;i-•V-- iI--~1~?=.::`i=_.i:i- _"~!~_'.~t"_';i"_:i•i`_~.!'-.'i'-_.i,;-:_:,t-__ti:-_~:: _-~::--:,:==•~s._ •
- The Bank shell impose's delinquency charge egainst ihe MSke:_on,ariy psyrtmerit vifiicA Aas became due snd remains iri detault for s period in'ezcess'ot'10
days ~n an amouM equal to 5~(i of the s!rwunfot.the pnncipsl'pirt of'the;payinent in defautt. In the event tAat the Note is not paid in~full at ;maturity, sll pay-
. ment3, whrthe~ principal,-inteiest or othervviie,~shall. bea~ interest aYthenisximum legal rete allowed under the lam of ihe Stste of Florids. All~payments made
hereunder shall ~be credited first to intereit and then to prinCipal, fiowever; in'the lvenrot.defwlt,-~tAe 8ank~inay; in iu sote disuetion, spply any payment to .
+nterest, principal a~d/w lawiul charges tAen"accrusd. It-a the-inte~tiori ~ot the partie;~hereto that the provisions herein'shall not provide directly or indirectly ~ -
f o, ?ne payment of a greater rate ot interest or the rctentioo ot any_other char~ than is allowed_by.law: If; tor any ~reas'on~ interest in exceu of such tegal ?ate or ~
a cnarge prohibited by•law shall at any~ime be paid; any wth ezcess sAall either~constitute and be treated as's'payment•on•theP~incipal or be retuncled directly
cocheMaka. • = - ~ ;i - _ - --,s{ _-.~~--!{t = .)i-i~ - _ -~~:--t~~ ,i--ij: _ i~!- i, " - ~ -
• • • : ••"--',;•'=-"~1, _---',~;•-•f~r _-•~~,•-'~!t' ='!t;'--',;.-_..•;. •y :
The Make~may prepay the~entireunpaidbalance_of the'loan at any_time. If.the loan~is prepaid.in~tull, accelerated~or-retinanced.-the Maker shall'receive a~~
~e'und of the unearned portion oi tAe interest a~d inw.ance premiums cornputed bV,the Rule of 78's method, exupt tliai
the 8ank~ shaU be entitled to`retain
~m~nimuminterlsttharg~0(~1.00. _ - ?i=_ ~'^ij!=I' =~'i~{'~- `:=-1;~ = '~----'t i-- .~1--- ~~--i. ` - . .
~ . . t _ . _ ~ . _ t i
CREDIT-LIFE AND CREDIT UFE & DISABIUTY INSURANCE ARE_YOLUNTARY:qND.NOT RE~UiRED FOR CREDIT_.S~icFiiriwnncecoveisge is
~,i•_ i -
a.-a~~able at the cost designated below /or the term oi the aedit:'(alY'' = 412:;J9•- ~~for Credit'l.i%a7nw.ance (b)'S ~ - ' - i
!or Cred~ttifemDisabilitylnswance- ~ - _ , _ ~ t+' _''•~-=iti-1~~=^•~~ - - ' '
Cneck ~ Gedit life Insurance is tlesired w? the li(e of ' ' - - - - - , - ' . ~ ' si•.°4. '1, ~ .
A~PI.. . - - - - - - _ - ' - •i - ' ~
' ~ ~ - - ~ ' - -Birthdate - - . .
-.i'' _ _-~~i-- . ii~'..~':'~ . - i; .
8;x Credit Life & Oisabihty Insurante is desired on
- - _ . • ~ ~ - i.. - . ;i _ ;i.` _ . - ~ . . . - - :
'Biflhdet! _
" - - ' - - - ~ - • - ~
Credit Life and/w~ 0isabiliry lnwra~?ce is not desired_- - - , - • . • ' . ~ ~ - •
~,e ~ --~as~-=of -December-~21, =1977-:- : •t - ~ - _ _ _ _ , . :
. -~,S~gnature • ' 7 vztc~ -
- - = _ - _ ~-Robert ,Daniel = . - . _ . - - -
. . . _ : _ • - . S~gtWture - _ _ ~ - . _ ' _ . - . _
As security fo~ the payment of the Note the Maker hereby grants to the Bank a security•interestin the (ollowing pioperty:~ ' - - ~
Lot #91 WINDMILL VILLAGE BY THE SEA 'CONDO: As = described in said ~Mortga~e: - ' - - - - ~ _ _
1968~Holiday Travel Trailer 27'~ I D • - ~ ' - - ~ - ' - - - .
,r.-~ud~ng a11 ~ncreaSCS,-subst~tutions, replacements, additions and accessions thereto and in the proceedt thereoi (hereinafcer called "Collateral"1. This security
~nce~est shatl also secure any other indebtedneu or liab~lity.of•ihe Maker to the~8aok direct or indirect,-a6solute or cootingent, due or~to become due, now ex-
s~~ ng o~ hereafte. arising, indud~ng all tucure advances or loans by the Baok-to the Maker. - ~ _
Tne Bank is also given a I~en and a.security interest ~n all~property-7nd tecurities of the Maker,+endorur, wrety, gusrenio~ or accommodation party of this
'.ote Ihe.eenalte. ?eftned to as tbe °Obligors'1, now in or at any Nme hereafter coming mto thecontrol, custody_or possession ot the Bank; whether tor the ex-
n•essed pu~pose oi be~ng used by the Bank as Collateral, or.for aoy otha purpou, aod upan any batance or balances toZhe credit oi any.atcounts, ~nctud~ng
+•uzi and agency accounts mamta~ned withthe Bank 6y any ot the Obligors,and the Obligors ag?ee to delive? to ibe Benkadditional Coltateral•or make such
n,vmenrs in reduct~on oi tbe pnncipal amount of the loan as shall be satisfactory to the Bank; ~n the event the a~wementioned Collateral shall decline in value
t,ecome untatisfactory to the Bank. ' _ _ - _ _ _
Add~t~ons to, reductions or exchanges of, w substitutio~s tor ihe Collateral, payments on account oi this loan or inueases ot the same, or other loans made
a~-t~ally or wholly upon the Collate.al, may from time [o eime be made w;thout affecting thep~o+~lsions oi this Note. TAe Bankshall exerc~se .easonable care in.
~^e custody and preservation •ot the Collateral to the extent required by app~icable statute, and shall be deemed to have exercised reasonable care if it takes wch
~ct ~on Iw that purpose as Maker shall reasonably request in writing, but no omission to do any xt not requested by Maker shall be deert~ed a failure to exercise
reasonabte care, and no omiuion to comply witA arry request of Maker ~all o! itself be deemed a lailure to exercise reasonable cara Bank shall not be bound to
take any steps nccessary to preserve any'rights in tAe Collateral against prior parlies and Maku shall take all necessary steps forsuch purposes. The Bank or its
,^om~nee need not colleet intereu oo, a a principal of, any Cotlateral or give any notice with resfxct to iL • ~
The Bank may conti~ue to hold a~y Collstersl deposited hereunder after the payrnent of this Note, if st the time oi tAe payment and disCl+arge•1~e.eot any ot
i ne parlies lisbte ~or the payment hereof shall be tt?en direetly or contingently liable to the Bank as Maker, endo?ser, wrety, quarantor or accommodaiion party
any other.note, draft, bill.of.ex~ange,-or other i~swme~t; nr•ntherwise,•and-tAe Bank may thereaiter exe.cise_all rights tivith~respect to•said Collateral .
cr~r,~ed herein even though shis Note shall t~ave becn wrrendercd ~o the Maker. - ~ _
If che Bank deems iiseli ~nsecurc or upori t1?e happenirg of amr of the following events, each of which shati rnnstituie adefautt,~all liabilities of'each Maker to
rne Bank, including the mtirc unpaid principat af this filote and accrued interest;less any uiuarned interest and s~y interesc i~ ezcess of the maximum allowed
G~ iaw and any rebates7equ~red by law, shall imrr~edistaly. or Theresfcer, st ~t?e option of 1fie Bank, exoept thattAe axurrence oi.(c) w ld) shall cause automai-
~c acceleration; whhout not~ce or demand, become due ynd payable- (ai the tailure of any Obtigw to perform any oWigation; liabil+ry or daim io ihe Sank; to pay -
~^~e-est hereon within •70deys after•it is due,~o. if there is riodue dare, etter•~t is bi~led or othervri~e requested oi demsnded, wto pay a~ry otha liability what-
sxver to the Bank when due; (b) the death oi eny it~dividusl Obliyor,"the diuolutio~ of any partnership Obli9or or the dissdutior~; merger a oonsolidatw~ with-
o~s tne Bank's wiw~w.i[cenwnsent ol sny corpors~e OWiyw: (d tf~e filing of a petition in b~nkruptry or the adluJption DI intolMen~y orbankrupityvnde?--
anti~ reorgamzau~. er~anyemeni.•read~ustment of.~ebt.:dissolution, fiquidation or-similu.proceedinp urWer-s~y Federal~~ststestawte:bY o~ apsinst any
Ob+~9or; ~d) an application tor the appointmenc ot a rsoeiverJo?; p-the making ofa general assig~rnent tor tMe benefit ot ueditors bjl,~ny OWigoi; (e) the entry
ot ~udgment against sny Obl~gw;.(f) ihe iuuirg of. any ms~me~t or garnisfuneot,-or the~ filing ot sny lieo, against any prope~ty-ot any OWigor; tg) the taking ot
possess"ro~al any wbstant+al part of tf~e property ot-any'~pbligor at the+nstance of any gorernmental authority; lh) ths determinstan by the Bank ihat a msteri- -
al edve?se t3unge hasocairred ir?-the fiMntisl cwidition oi1nY 7pblgor-irom the oonditiw~s set (onh in the most ~t•fu~sncisl ststertKnt,of such'OWigor V
heretofore~hrrnislud to the Bank~or lrom the condition of wch Obligor~s heretoiwe most recentlydisdosed to tht~8ank~ p•that sny rva?nnty~+epresenation;
certii~wte orstatsmeot ot anY`.Dbligoi•lwh~ther Cont~irMd in thi~ Npte orro~ pertainitg to orin epnnaction with this-Nots or'theloan evidented by this Note
concains ~n untrue satement of msteriallatt.or omits lo~stste rnaterisl f~tt ~eCessary in order.to make theststerrw~tt matfe not~muleading; or,~~i) the ass'gn-'-
ment by any Msker o( any equ~ty in sm:ot the Collateral withoui~the prior writcen conse~t of the Bank; - ; i= _ _ _
.
TheBsek"shsll have) but :shsll oot W limitd io. the tollowing+igha;-~sch ot whioh jnay-be ext~cesed ai sny time whether-or not.thifNote. es due -ti1 co ~
pJr~ge or tr~r?sfer this Note ~nd the Collate~al and the Bsnk ahall thereuponbe relieved oi all duties snd retponsibitit~es htre~inder snd reliavall/rom sny ~nd sll =
~~3b~~~cy with respect to sny Collsteral so pledged or transferrcd, ~nd sny pledgee or transferae shsll for stl purposes st~nd in tf?e plaos ot the Bank h~reunde? and _ ;
r,a~+e atl the rights af the'Bank hn~under Iii) to trans(erthe whole ot~sny part vf.the~Collsteral into the name oi itsNt Or its nominee; (Tii) to vote the Collateral; .
1 v1 to notify the Obligo~s ot ~ny Collste.al to make p~yment to the Bsnk of any amoun[s due w to become due the~eon;~vl t~ demand; we io~; eoilect, or
make any comprom~se or settlement it deert~s desirable with reference to~he Collateral; and (vi) to take possessior? orxontrol o( a~y pioceedt ot Collateral.
. ` ' 1_ ;+r~ i;_ _ - _ - ; .U~.~. ~•1 = 1!~ " . -
_ _
=-,;i~_, , . - ` =-'ti-- . - ' . .=_~i,i~I~M~.z,~!~r=_P}IG~.1K~=_ _
. _ _ . _ , , ~.~;~~~_JHOTICE: SEE OTHER SIDE F~R IMPORTANT_tNFORMATION ~1, „