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Home My WebLink About0730 INSTALLMENT PROMISSORY NOTE TURTtE 1tEEF AS:~IATtS. Ii~C.~ 1A) ~??nuunt R~c~iwd s~43- ~7 9ANK NAME (9) Prtmium for Credit uf.~a~~~~~,? ~~f. s none P. 0. ~30X 518, JENSEN BEACH. f!. 3345~ ~c? o«~~,»~~,?y s~a~.w: S pQne OFFICE ApDRE55 (D) OthK Chary~s litem~:ol =~ldflL ~ (EI S ~iAl'1A NOTE NO. UATEU: J~~~ TO~ , t9I~. fFl S/iLl11g ~c~ B" ~ Fo E~`' S 7243. 37 ouE: .lanuarv 21 , ~s$~. 1?~! ~~ia~ac S 4243_~J3 PLACE: , FLORIOA CrWit Invat~gatioo S~~ (Jl Other S fl~ For vatua rece~ved, the unders~gr~ed (herainafta called "Maker") jointly and sevarally (it (K1 S n~e ~nore tha~ one) promise to pay to the order of tha Bsnk, at its ottice listed abovs, the Totsl of Payments (irom (N) at right) of ~~4~_~ potlars paysble in 120 s nAt~ euual monthly iostallmenu ot S 95-72 , the (irst ~M? FINANCE CHARGE ~ns~altment due o~ F~. 21 , 19~, and wbsequent instailments due on ~H, 1, J, K, L) S 42~3. ~3 INI Total of Payments (G + MI • S 11 a~6. ~ cne_~day ot each month thereatter, togetner with s FINA1. BAItOON PAYMENT OF: ANNl1Al PERCENTAGE RATE lO.~ % 5 ~E Ot1E --~~~~~~~~~..~..~~~N~~~~~~y~~~..~ The Bank sAall impose a dN~nquenty charge againse the Maker o~ any payme~t which Aas become due and remains in default (or a period in exoess oi 1~ ~~ays ~n an amount equa~ to 596 of the amount of the principal part of the payme~t in detault. In the event that the Note is not paid in full at maturity, sll pay- ments, whether principal, inte~est or otherwise, shall bear interest at the maximum legal rate allowcd under the laws oi the State of Fiorids. All payments made hereunder shall be tredited (irst to interest and tAen to printipal, howere?, in the event oE deisult, tM Ba~k may, in its wle diu~etio~, apply any payme~t to -nte~est, prentipal and/w lawtul charges then xcrued. It is the intention of the parties hereto that the provisions herein Sha11 not provide dirattty or i~direttly 'or the psyment of a greater rate oi interest or the retention of any other che~ge than is aUovYed by law. It, for aoy reason, interest in exaesi of such 1eg31 ~ate or a charge prohibited by iaw shall at any time be peid, any wch extess thap either constitute and be treated as a payment o~ the prinCipal o~ be refunded dirtttly co the Maker. The Maker may prepay the entire unpa~d batanee of the loa~ at any time. If the loan is prepaid 'en full, acceterated w refinanced, the Maker shall receive a •e~und of tAe unearned port~on o~ the interest and mwrance premiums computed by the Rute o( 78't metAod, except that the Sank stwll be entitled to ?etain ; m~~lrtwm interest charge of ~.0(1. CREDIT LIFE ANd CREUIT IIFE & DlSABIIITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrance coveraye n ava~labte at the cost desegrtated below fpr the ierm ot the credit: (a) S for Credit Lite Inwrance (bl S to~ Credil life d~ Disability Insurance: C:~eck ? Credit Life Inwrance is des~?ed on the lite of aPP~. Birthd2tB nux ? Credit Life & Disability Inwrance is des~red o~ Bi~tAdate ~ Credit Life a~dlor Oisabiliry Insurance is not desi~ed. ' Date: . Janua 1478 Signature~-~" l / ' ~~a. / t- tt. s. lr~c ~ . , Sig~ature ~ As security for the payment of the Nate the Maker heretry qranis to the Ba Zltu tq ~ the fdlowing property interest in Turlte Re~f Cond. I, reocr~ded in O.R. Sooic 263 , Pa4e 2002.. Un ~ee cs an n Co~~- n-8, Ap,t. Nn. D-8 as described fosatd aor#+gage. ~ncluding atl inCreases, wbstitutions, rpplacernents, additions and atceuions thereto arxl in the proceeds thereot (hereinafter catted "Collateral"l. This seturity •ncerest shall alsp secure any otF?er indebtedness or liability of the Maker to the Bank direct or indirect, abiolute or con~ingent, due o? to become due, now ex- ~st:ng o? hereafter arising, including atl future advances or loans by [he Bank to the trtaker. The Bank is also given a~~en and a security inte~est i~ all prope~ty and securities of the Maker, erxlorser, surety, guara~tor or accommodation party of tfiis tJote (hereinatter reterred to as the "Obligors"1, now in ar at any t~me hereafter coming into the rnntrd, custody or posseu~o~ of the 8ank, whethe~ fo~ the ex- a~essed purpose of being used by the Bank as Collateral, or for any other purpose, and upon any bafa~ce or balances to the credit of any accou~ts, includi~g ~~usc and agency accounts maintained withthe Bank by any of the Obligors, and the Obligors agrce to deliver to the Bank additional Collatera~ or make wcfi ~ayme~ts in reducUOn of the principal amount ot the toan as shall be satisfactory to the Bank, in the event the aforementioned Collateral shall decline in value become unsatisfactory to the Bank. Add~tions to, ~eductiorts or exchar?ges of, or substitutions for the Collateral, payments on account of this loan or i~creases oi the same, or other loans made p~~t~ally w wiiolly upon the Collateral, may from time to time be made without a~fecting the prwisions of this Note. Tbe Bankshall exercise reasonabte care in ?he custody and prese?vation of the Collateral to the exteni reqwred by applicabie statute, and shall be deerned to have exercised reasonable wre if it takes such acc~on for that purpose as AAake~ shall reasonably requat in writing, but no omission to do any xt not requested by Maker shatl be deemed a failure to exercise -easonable care, and no omission to comply with any request of Maker shall of itself be deemed a failure to exercise reasonable care. Bank shall not be bound to ?ake any steps neceuary to pr~erve any rights in the Colfateral against prior parties and Maker shall take all necessary steps fpr wch purposes. The Bank or its nommee r~eed not callect interest on, w a p.incipai oi, any Collateral or qive any notice with respect to it. The Bank may continue to hotd any Collateral deposited hereunder after tt?e payment of this Note, if at the Yime of the paY~~t and discfiarqe hereof any of ~he parties liable for the payment Aereof shall be ihen directly or contirgently I~abte to the Bank as Maker, endorser, surety, guaran4or or accommodatio~ pa?ty of a~y other note, draft, bill ot exchange, or other imtrurr~ent, w~ptherwise, and the Bank rt?ay thereaiter exe+c~se all rights with resp~ect to said Collateral g-anted herein even though this Note sha11 have been wrrendered to the Maker. If the Bank deems itself insecure or upon the happening of any of the (ollowing events, each of which shal! constitute a deiault, all liabilities of exh Maker to the Bank, including the entire unpaid principal ot this Note and accrued interest, less any unearned inte~est and any interest +n excess of the maximum allowed by Iaw and any reba~es required by ~aw, sfwtl imrtrediately or thereafter, at the option ot the Bank, except that the occu~rence of (c) o~ (d) shall cause automat- ~c accelerat~o~; without notice w demand, become due and payable: (a) the failure of any Obtigor to periorm any obligation, Iiability or claim to the Ba~k, to pay interest 1?ereon within ~Odays after it is due, or if there is no due date, afte? it is billed or othe.wise requated or demanded, or to pay any otha liability what- scever to the Bank when due; fb1 the death of any individual Obligor, the diuolution of any part~ership Obligot or the dissolution, merger or opnsolidation with- out the Bank's prio? wntten consent of any corporate Obligpr; (c) the filing oi a petitio~ in ba~kruptCy o~ the adjudiCation of insolvency or bankruptty under any reorganization, arra~geme~t, readjustme~t of debt, disiolution, liquidation w simitar proteeding under any Federal or state staiute, by or againtt any abl~gor; fd) an application for [he a~wintmeRt oi a receiver for, w tAe making of a general assignment tor the ber?efit of c~editors by, any Obligw; (e) the entry of judgment agairut any Obligor; (i) the iswing af any attachment w garnishment, w the filirg of aMr lien, against any property of any Obligor; (gi the wking of pozsession of any substantial parc of the property ot any Obligor at the i~utance of any governmental authority; (h! the determination by the Bank tlwt a materi- a1 adverse change has occvrred in [he finarrcial condition oi any Qblgor from the conditior?s set forth in the most recent financ~al statement oi wch Obtgor hereiofore furnished to the Bank, or from the condition of wch Obligp~ as heretofore most recentiy disclosed to the Bank, or that a~y warranty, representatio~, certiflwte or statement of any Obligor (whather contained in this Note w not) pertaining to or in co~nectioA w+ih this Note or the loan evidenced by this Note contains an untrue statement ot rnaterial iact o? omits to state material fact ~?ecessary in order to make the statements made not misleading; or, (i) the assign- me~t by any Maker of any equity in any of the Collate~al without the priw nnitten consent of the Ba~k. The Ba~k sFiall have, but shall not be limited to, the fol{owing rigt?ts, each of which may be exercised at any tirt?e whethe~ w not this Note is due- to p~edge or transfer this Note and the Collateral and the Bank thall tt~ereupon be relieved of all dutiss and responsibilities hereuncier and relieved from any and all iiability witb respect to any Cotlateral so pledged or transferred, and anY Oledgee or transferee shall tw all purposes sta~d in the place of the Bank hereunde. and have all the rights of the a~k~hereunder; (ii) to transte? tne whofe or any pa?t of the Collatera! irtto the name of itseif or its nominee; (iii) to vote the CoNateral; l~v) to notify the Oblig~qt~r?y Coiiaterai to_rnake payment to the Ba~k of any amounts due or to become due thereon; (v1 to demand, we for, eollect, w make ar?y compromise O? s~ttkme~?t it dee+rlc d~sisaWe with reference to the Coilateral; and to take possession o. control of any proceeds ot Collateral. *"FsA~iK' as us~cl iieneia ~eans 7urt1~ R~eef J4ssocfates, Inc. and/or its assigns. NO71CE: SEE OTHER SIDE FOH IMPORTANT INFORMATION G R ~Q(1 . ~ FBS 752 Re'+. 7/77 BifOK C7(~ i'~C~ - - ~ - ~ _ _ . . . . _ . . _ ~ v=~~