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Home My WebLink About0279 INSTALLME T R ISSORY NOTE J~j~$~ gg,~a{ g/WX ~a~ aR,o~~~ R~ce,~eu S 11, 550.00 BANK NAh1E 181 p~emium Io~ C~edet 574. L~le/U~sab~I~tY Ins. $ ~T QF~(~ $~Y ~7 .]~-~-~F111 g~ pI, 3345~ 1C) Oocumentary $tamps 5 ~S.ZS OFF~C ADORE55 (D) Olhgr Char ges litem~zel S (EI S 1WA0 `~OTE NO. DATEO' JiD1J~TY ~ ,]9 7~ _ ~F~ S IGl Amount F~nanced ~,~,E January 6 .~s 83 . ~A. e. c. o. E. F? s 12,152.73 INI Interest S 3, t~.~S.27 t'i-ACE: J0a1s011 ~aC~1 . FLORIpA tIi Credit Invest~gat~on S is.~ IJ1 Other $ Fo~ value rece~ved, Me u~ders~yned (here~nafter caUed "Maker'") ~oindy a~d severally (~t fK) a ~~.ure ~ha~ onel prom~se [o pay to the order of the Ba~k, at ~~s o11~ce hs~ed above, the Total ~'r Payments (trom (N) at right? o~ ~15,~S3.OQ Dotia~s payable in 6~ S , the t~~sr !MI FINANCE CHARGE 3~~00.27 ~~iua1 monthly inscallmems ot S~7. SS (H, 1, J, K, L) S ~~stailment due o~ , 19_, arxl subseyuent ~nstallments due on (~y~ Totai of Payments (G * M) S_ ~~45~.0~ day ot eacA momh thereafter, io9eine~ w~tn a F~NA~ BAt~~00N PAVMENT OF: ANNUAL PERCENTAGE RATE 9.EJ 9f, s noan~ ouE n/a ,,9 a~i Tne Bank shall ~mpose a del,nquency charge agamst the Make, on any payment which has become due and rema~ns in default fa a period in exceu of 10 ~ys ~n an amount equal to 596 of the amount of the pnrKipal part of the payment in default. In the event ihat the Note is not paid m fu~l at maturity, all pay- ~,~en~s, whether pnncipat, mterest or o~herwfse, shall bear interest at the maximum legal ra~e altowed under the laws of the State oi Flonda. AI! payments made ~~•~e~nder shall be credrted first to interest and then to principal, howeve~, ~n the event oi default, the Bank may, in its sole discretion, apply any payment to -~~e~est, pn~upal and/or lawful charyes then accrued. !t is ihe in~enhon of the par~let hereto that the provis~ons here~n shall not provide directly or indu~tly the payment of a greater rate o! interest or the retenUOn o( any other cha~ge than is atlowed by law. !f, for any ~eason, inte~est in extess of wch legal rate or , charge prohibrted by law shall at any ume be pa~d, any such exceu shatl e~ther const;tute and be treated as a payment on the prmc~pal or p¢ refunded dhectly , t~e Maker. The Maker may prepay the enure unpa~d balance ot the loan at any time. If the loan ~s p~epa~d in full, accelerated or refinanced, the Maker shall recerve a •-~,,ncf of the unearned pornon o~ the ~nterest a~d msurante premiums Computed by the Rule of 7$'s method, except that the Bank shall pe ent~ded to retain ~~~~n~mum Interes~ charge of ~j,~. ~REOIT IIFE AND CREDIT LIFE & DISABILITY INSURANCE ARE VOLUNTARY ANU NOT REQUIREU FOR CREDIT. Such i~surance coverage ~s .,~~able at the ~osi des~gnated below lo~ tAe term of the credit: (a) $_579.4g for Credn life Insurance (b) 5 ~On6 ~ Credrt Lite dt D~sabilrty InsuranCe i:^rc~ ~ Cred~t L~fe Insurance ~s des~red on [he hie oi E. ~.S . 'G'~~~ B~rcndate 1~OClebCr 17. 195~ c: • L; C~edrt L~fe & O~sab~l~ty Insurance ~s desued on Bnthdate ~ Credit l~le andlor O~sab~lrty Insurance is not des~red. f • ,?e .1~itl$PV 4, Z97$ S~gnature x ~ ' . f I S~gn~ture ~ As security ~w the payment o} the Nete the ~.Aaker hereby grants to the Bank a secw~ty mterest in the follow~ng property: CBI L~f~C~Le of title € t.Q ~19T~ Gea Trarel 't`rsiler z 23' I.D. ~B351917 AND Lot 19 Bloc~c Q lioliday Out St. Iu~ie • as reoorded in Plat Book 14. ~a~e 28. St. Lucia County - First i~brtgage ~ j ~~ciud~ng all ~ncreases, substituuons. ~eplacemems, addiaons and acceu~ons thereto and m the proc¢eds thereoi (here~nafter called °Coltateral"1. Th~s secunty ~ ~~e~est shall also secure any other ~ndebtedneu or I~abil~ty of the Maker to the Bank duect or ind~rect, absolute or comingent, due or ro become due, now ez- ~~:ny or hereafter ans~ng, mdud~ng all tuture advances or loans by the Bank to the Maker, ~ The Bank is also glven a I~e~ and a secunty mterest m alI property and secunties of ~he Maker, endorser, surety, guarantor or accommodation party of this ,,rA (hereinafter re~err¢d to as ihe "Obligors"1, now in or at any ume hereafter com~ng mto the control, custody or possess~on of the Bank, wAether for the ez- . ~ssed purpose of be~ng used by the Bank as Collateral, or for any othe~ purpose, and upon any ba~ance or balanCes to the cr¢d~t ot any accounts, ~nclud~ng '-.>r and agency accounts ma~nta~ned w~ththe Bank by any of ehe Obl~gors, and the Obl~gors agr¢e to de~iver to the 8a~k add~t~onal Collateral or make such ~nents in reduct~on of the pr~napal amount of the loan as shall be satrsfacto~y to the Bank, fn the event the aforemenboned Collaterat shall dechne m valur c;ecome unsaUStactory to t~e Ba~k. i 4dditions to, reduct~ons or exchanges of, or subst~lut~ons For the Collateral, paYn?ents on atcount of tMs loan or ~rtcreases of the same, or other loans made •?~,~Uy or wholly upon the Collateral, may from nme to Ume be made w~thout aftecung the prov~sions of th~s Note. The Bankshatl exerase ~easonaGle care m custody a~ prese~vatron of the Collateral to the extent reywred by appl~cable statute, and shall be deemed to have ezerused reaso~able care rt takes such - ~~~on for that purpose as Maker shall reasonabty request in wming, but no om~ssion to do any act not reques[ed by Maker shall be deemed a ta~lure to exercise ,zonable care, and no om~ss~on [o comply with any request of Maker shall of ~i~¢If be deemed a failure [o exerc~se ~eazonabfe care, gank shatt not be bound to .~.e any steps necessary to p.eserve any nghts m the Collateral agamst prior parues and Maker shall take alt necessary steps for such purposes. The Bank or rts ~ ~:,m~nee need not collect interest on, o~ a principal ot, a~y Collateral or give any notice with ~espect to it. The Bank may continue to hold any Collaterel depos~teif hereunder atter the payme~t of this Note, it at the time o( the payment and discharge hereof any of ~ne pa~t~es hable tor che payment hereo( shall be then d~~ectly or contingentty t~able ro the Bank as Maker, endorser, surety, guaranto. or accommodaaon pa~~y ,i any other note, draf~, bill ot exchaoge, or othe~ instrument, or otherw~se, and the Bank may thereafter exerase all r~ghts w~th respect to sa~d Collateral ~~~nted here~n even though this Note shall have been surrendered to the Maker. f f the Bank deems rtself ~nsecure or upon the happeping of any of the followmg events, each of which shall constitute a detault, all habllit~es of each Maker to Bank, indudmg the ent~re unpa~d pnnc~pal of this Note and acc~ued lncerest, less a~y uneamed inte.est and any mte.est in exceu ot the maximum allowed i.y law and any rebates reqw~ed by law, shall lmmed~atety or thereafter, at the option of. the Bank, except that the occurrence o( (c) or (d) shall cause automat- _.+ccelerauon; without ~otice or demand, becbme due and payable: (a) the fa+lure ot any Oblgor to perform aoy obligation, liability or claim to the Bank, to pay ~e~est hereon within 10days afier it is due, or if there is na due date, after it +s bdled or otherwise requated or demanded, w to pay any other liability what- s~vrr to the Bank when due: (b) the death of any indrvidual Oblgor, the d~ssolution of any partnership Obligor or the dissolution, merger or conspl;dauon w~ch- ~u~ [he Bank's pnor wrrt[en consent of any corporate Obi~gor; (c) the filing of a peUUOn in bankruptCy w the adjudication of insolvency or bankruptcy under ,ny reorgamzation, arrangement, read~ustmenr of debt, dissolution, Iiquidation or simela~ proceeding under any Federal or state statute, by or against any Ohugor; Id) an applitation for the 0ppo~ntment of a rEtetvet fOr, or the making of a general au~gnment for the benefit of creditors by, a~y Obligor; (el the envy ~udgment a9ainst any Obhgor, !f) the issuing of any attachrnent or garnishment, or the filing of any lien, against any property of any Obtigor; (g) the takmg of nossess~o~ of any subs~an~ial parr of the property of any Obllgor at the inuance ot any governmental authority; (h) the determination by the Ba~k that a materi- adverse change has occurred m the financw~ condrtion of any Obligor irom the conditions set torth in the most recent financial statement of such Obl~gor he~etofore furnished to the Bank, or from the co~ditio~ of such Obligpr_as heretofore most recently disctosed to the Bank, or that any warranty, representation, ce~rrf~cate or statement of any Obl,ga Iwhe[her contained m this Nore w not) Aerta~ning to or ~n connection with this Note or the loan ev~denced by th~s Note c~,n*,ams an untrue statement ot mater~al iact or om~ts to state material f~t necessary i~ order to make the statements made not misleading; or, (il the atsig~- mem by any Maker pl any equrty ip ~y of the Collate~al without the pnor wrcitren consent of the Bank. The Bank shall have, but shall not be limited to, the following rghts, each oI which may be exercised at any time whether or not this Note is due: (i) to c~~edge or transfer this Note and [he Colla[eral and tbe Bank shal~ ihereupon be relieved of all duties and responsibil~ties hereunder and reheved from any and all ~„inl~ty with respect to any Collateral so pl¢dged or transferrecf, and any pledgee or transferee shall tor all purposes stand in the place of the Bank hereunder arxf have all the rights of the Bank he~eunder; (ii? to transier the whote or any part of che Collateral i~to tt~e name oi itself or i~s nominee; ~iii) to vote the Collateral; ~~vi tv notify the Obl~gors of any Cotlateral to make payme~t to the Bank of any amounts due o. to become due thereon: (v) to rlemand, sue for, collect, or make any compromise w seidement it deems d!~sirable with reterence to th¢ Collateral; and (vi) to take possession or convol of any proceeds of Collateral. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION li F~Q(~ ~ ~ H5 752 Rev. 7/77 ~i..~~K C~U f~,6E