HomeMy WebLinkAbout0382 ;j INSTALtMENT PROMISSORY NOTE -
Y ~
~ FLRST NATIONAL BANK OF FORT ~IERCE ~ - w~o~+^~ AK•+w~ s 3. 000_ 00 =
gPINK NAME IB) V/NniuR1 (p~ CrWIt
. . : _ - ' - - - lih/Ois~bility Ins. . . ' S_ g2- ~
Post Office Box 9?~ Fort PierceLFlorida tci oow~u.vsa~,s . s - 5.~,~
OFFICE AOORESS _ ~ (Q~ OtMI CAN9fi I~lfmilfl • s non~ _ -
- - - . IEl s none - -
NOTE NO. 1 1-7654-~ onrEO: ~ January 13 , tg 78 , (FI s none -
ouE: January 10 , 19 81 (Gl B ~ fp.~ s 3. 088. 24
, _ ftt? ~nc~t = 563. ~0 -
P~ncE: = Fort Pierce , FlOR10A u? c.aa~e i~w.cg.~~o~ - s 20. 00 _ _
u~ an.~ = none - - _ ~ ;
Fo. ra~~• r.c•~r.d, tM Ynd~~fi9fl~d (Mr~iMftK Call~d ~~Ma~••1 io~o~iy snd s.w~a~hr 1~i IKI = none . ' -
nwr~ thao on~) promis~ to psy to th~ ordK of th~ Bank, st in oft;p lisad abov~, th~ Toal ~
ot Paym~na (trom (N1 ac riyht) or ~3. 671. ft4 oa~bnwvabl~;n _3~. (L1 - : none -
pu~l monthly installmMq of s 101. 49 , , tM tent ~M~ F~NANCE CHARGE ~ ' -
(H, 1. J. K. tl i_~2~.3_ 40
~nstatirtx~c due an FE!h., 1
~ , 193$.. and wb»qu~~t insullm~nts dw on IMl 7ots1 of PaYm~na lG + NU s 3~ 671 _~4 -
cM_~daY ot ~sc~ erwnth tMrufter, co~d+K wi~n a F~w?~ BA~~oON PAVMeNT OF: ANNUAL PERCENTACiE RATE ~~.,~,0 x
s - None ' nue . . - None , 19 = -
Tiq 8ank ihall lrripwa a dNinquM+cy charp~ a~i~qt tM IM~k~r on any p~Ym~nt which haa b~car~e du~ ~nd nm~im in d~iwlt fo? ~ p~riod in Ncqa ot 10 -
ds~rs in s~ srtwunt pual to 5'Xi of th~ amount of tM principal pKt Of tM paym~nt in dtfsult. In tM ~wnt that tM Noa a not p~id i~ ~ull ~t nrturity, dl pay-~
m~na, wMth~r principal~ intKac or otMrwis~, sFyll bw int~nst st th~ msximum Ip~1 raa aNOw~d ur~r tM Iswa ot th~ Sisc~ of Florid~. All paym~na n~
~+erwr~ shs!! D~ a~diad fiat to intK~st snd thM to p~incipal, how~w~. in tM ~vant of d~fsulc. tM Bsek m~y~ i~ its sde discncion, ~pply ~nY paym~nt to
intanst. prineipal snd/or lawful cMry~s d~ acawd. It is tM int~ntion ot th~ partNS Mrtto thst tM provitiw?t htrtin sh~ll not provid~ dir~cdy or ind'v~etty: =
fw th~ piymN+t of ~ yrMt~r rat~ of inttr~t or ths nt~ntion of ~ny oM~r thug~ tAan is allow~d by law. If, fo~ sny r~sson, inta~st in ~xorss ot ~ucA Iprt rMror .
s d~uq~ prohibited by !sw shslf ~s snY tim~ b~ paid, smr wch ucoas shsll ~ithu consticun and b~ tcest~d as s paym~nt on tM principd or b~ r~fun~d direet~y -
:a Y.3l:e.•. - - =
TM M~IcK m~y prpht tht ~ntin unpsid balana of tM loan at any time. If tM loan is pr~paid in full, acceltrstad or niinsne~d. tM INskK fi+al~ now+rra
nfund of tht un~xn~d pwtion of ths int~rat and inwrsnce pnmiums compe~ted by tM Rul~ o/78's rrwtAod, excapt Mat th~ 8a~k shall b~ ~ntitled tv retairr
s minimum interat chsrp~ of ~.00. . - '
CREDIT LIFE AND CHEOIT IIFE 3 OISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIREO FOR CREDIT. Such inwranc~ corwa~is:
switsbN at tM cost dui9nst~d b~~ow for th~ term ot tM usdit: la1 t g2- ~9 for Gedit ~iis Inwranp (b) t- NOne
~a c..dit L~t. a ~is.oa~ty ~n~,.ant.: - - . -
CMck ~ G~dit Lih Inwranp is d~sind on tM lif. or Ha rold~ R. Hopkine ~ ~
e~.cndaa 5 / 13 / 33
8ox ? G~dit Lif~ 8 Dis~bilicy t~sursnte is desired on
Birt . .
? G~dit Life and/o~ Dissbility ltfw~ance is not daired. ,
~t.: January 13, 1978 ~ sg,,,t„?~ l'
siqnatum
As security for A pay inthte~Qta•t C k LA T tb t D ~k a~wity int~r~st i~ t foll p.o~~y: Unaecured Second
t a e•. - tt a om a cor i e
, , ~
.ug a inuqses. titut~ons, np n, ~twns snd aCCestans t •to ~n tM p eo Keuwf~er Cs116d ' f{i , is sscurity
interest sf~all slso s~cun sny other irKiebt~dnest or liatrility of the Maker to the Bartk direet or indinct, ~bsdutt W tontiny~nt, dw or to b~come dw, now ~x-
iatinp w herqft~. arisiny, includiny sll futun sdvanoa or los~t by the Bank to tM N1alw.
7'hs Bsnk is slso giv~n s li~n and s s~curity interest in sll prop~rty and securities of [he MNctr, endoner, wrety, gusrantor or sooommod~tion party o! ttws
Not~ (hKtinsttK nfernd to as the "Obligas"!, now in a~ at sny tim~ hereafter ooming ~nto tf~ eontrd, antody or possessio~ ai the 8tnk, whtthsr for t~~x-
pre~d purpos~ of bfiny us~d by tM 8snk a~ CoIlate?sl. or for sny other purpos~, and upon any bslsnq w bilsnc~s to ths aedit of any ~ocounts, inctudirg
trust ~nd s9enty sctou~p ntsintsinsd withtM Bank by sM/ of ths Obligors, and th! Oblgots sgrN to dNiver to the Bank additionsl Collattnl or makc wth
paymsnts in reductio~ of tM p.incipsl smoune of the loan ss shsll be satisfxtay to the Bank, in tM ~vent d+e sforeme~tionsd CoNsterst shs!! dKJine in voluc
w b~come unsstisfac[ory co [h~ Bank.
Additio~s co, r~k~ctions or exdwng~s of, o~ wbstitutions for tlu Collatersl, psyrnMa on ~tcou~t of Mis loan or inuess~s ot Me same. w othar loar?s rt?ade
psnially w wholty upon tM Co1late~al,-msy from cim~ to time be m~fe wiMout ~f(~ecinp the prov'~sions of Mis Note. The Bsnk shsll exerc~se ressonable care in
the arstody and pratKVatien of tM Collat~ral to th~ exte~t ~equind by applicsbl~ statute, a~d sha11 be d~+rt~ed to Aave exercis~d rNSOnsbl~ tan 1f it tskes weA
attion for that purpos~ a~ Msker ~hs!! r~bly request in writiog, but no omi=sion to do any att ~ot raqtN~ted by Maker fhall be deertwd a(ailun to exerCite
nponabN can, snd no omission to can~ty with arsy reqwst of Mskss shall oi +tsNf be deem~d ~ isilu~ [o exercae ressonable car~. 8a~k sTsll ~ot b~ bound to
take sny steps n~sry to preserw sny righri in the CollatlrN sqsinst prior parties srvd Maker dull tsk~sll necessary steps for such purpps~s. TM ~u?k w in
nomine~ nesd not oolNct int~.ssc on, o? i p.incipal of, ~nY Collsaral or give ~oy ~otice witb re~p~ct to it.
TM Bs~k rtftyaontinue to hold sny Collat~rsl d~posicsd henurder after the paym~nt of this Note, if at the time ot the psyment snd disd?s~ htrwf any of
th~ parti~s liable fw tM payrt~nt htraof tMll b~ then directly or oontingently lisble to ths 8ank as Msker, endorser, wrety, gusrantor or accortwnod~tion pxty
of any otMr not~, draft, bill of exdany~, or otha instrumsnt, w otherwis~, and dw Bsnk msy theresfnr exacise sll rights with rt~ct to ssid Cotlsten!
p?anN1d Ae+ein ewn tl~ouqh this tMots shsll hav~ b~ln wrr~ndered to the Msklr_
t1~e 8ank d«ms itsNf insecur! w upon da h~pptni~g of any of the following events, esch of which shNl constitute a detsult, all liabilitip of ~A Mskar to
tM B~nk, intludi~g tM ~ntin unpaid printipal of this Nou snd stcrued inhrest,las snY unssrned inte.~st and sny interat in ~xcsa of the msxirtwm sllow~d
by law snd aMl ~ebstu requirW by law, sh~ll unrtrdist~ty or thereafter, at ch~ option of eht Bank, exop~t tFut the oocurrence oi lc) or td1 shsll csus~ sutomst-
i~acpl~rstion; witbout notip a d~rtw~d, b~oort~ dw snd psyaW~: (a) tM fsilur~ of any Qblipo~ to pKtorm any oblgstion, lisbility or claim to tM Bsnk, to pay
inmest Mreon wiMin 10d~ys aft~r it is dw, w it thK~ is no dw daa, ~fce. it is bilbd or oth~wis~ nque~t~d or dKn~ndsd, a to pay sny ocMr lisbility what-
soever m tM 8snk wf»~ dur, (b) th~ dtath oi sny individusl Obiiypr~ tM dissolution ot anY p~rtn~nhip Oblgor or the dis~otutior~, rnK~r o? con~olid~tion with-
out tht 6ank's piwr r+witt~n ton»t~t oi any epporst~ Oblipor (c) ths tiling of s p~tition in bsnkruptcy pt the ~djudicatio~ of in~olwncy or banktuptCy untMr
sny rp~qanizstion, snMg~rtM~t, rpdjustma~t of dabt, di~olution, liquidstiot? or timilsr proc~~dirg under s~ry Ftdera( or stet~ ststute, by ot ap~inst ury
Ob1ga: (dl sn appliption iw tM ~ppointrmnt of i rec~iv~r tw, or the mskir~y of s pu~ersl atsiynrn~nt tor fM D~nefit of cnditws by, ~ny Oblgw;l~1 tM entry
of judpn»nt s~inst sny Oblgw; (f) tM awinp ot any attacArrrnt w yarnishm~nt, or tM tilinp of si+y li~n, ~inst s~y p?opKty of any Oblgpr; (y? th~ takinp oi
powaio~ oi any substantisl part of the proqrty of any Obliqo. at tM instanca of any ywerr~nul wthority: (hi tM d~termin~tia? by cM Budc ti~t s mst~i•
N adwa~ cl+~np~ has oocurnd ie tM tin~ncid ooeditio~ of ~ny OWipor i~am tM ow~ditio+a pt fo~th in tM most ncsnt finsncial ststNnent M wd~ OWgor
haMtofor~ furnifi+~d to the B~nk, o? frpm tM condition of fud~ Oblipor ss hKttoton matt nc~ntly dildowd to tM Bank, a tlut sny wsrr~nty, rapraanqtion,
o~tifiest~ or stac~n~u+t of ~nt? Oblipor (rNNtf~ oont~in~d in this Noa or nod De?tiinirg to o. i~ eonn~etia+ with cha Non o. tM IoM+ evid~no~d by diit Noc~
co~t~ins ~n untru~ ~at~me~t af m~tuial tsct e? amits to saa mraria! fact n~e~ary io order to nrb the stawnenn rnsd~ not mislwdinp: a, li) Me assiqn-
nrnt by any Msk~r of ~ny puity in sny of th~ Collat~ral without tM pri0~ writtM conMnt ot tM B~nk.
TM Bank s1+a11 h~, but d?NI not b~ lirtwt«! to, tM tolto~winp ~i~a, qch oi whic~ m~y b~ ~x~.ciad ac a~?y tim~ wMtMr or noc U?a Noa is dur. (i) to
pbdp~ or transi~r this Not~ and t!M Coll~Larst and tM Bank thHl tMnupon b~ rNi~vrd of all Quti~f and rpponsibilitief hK~untNr and rNitvrtf trpn sny and a11
Wbility with ntprct to any CdlaterM to pqdy~d or vaat~?nd, and sny pl~dp~~ or tnnsfK~ sh~ll (a sll purpors ~tsnd in tM pl~e ot tM 8~?k Mrw~da and
~rN aN tM ~gAts of tM Bank hMwndrr: (ii) W a~nda tM wlwN or ~ny Wrt of th~ Co11~rN into tM n~mt of itplf w itt nominN: (iii) to vots tht Collaaral:
tM to notify tM OWiOas of a~y Colbt~t to m~k~ p~ym~nt to tM Bank oi any Mnouna du~ or to b~aorrw dw tMr~on: tv) co dKn~nd. ~w /a. coll~ct. a
mMc~ oon+orani~s or sntNm~nt it ~nM dNirabN witA nMnnw to th~ Cottawal: ~nd lvil to tak~ po~ion or oo~uol of +nv P~ooNdt of Co11stM1.
- .=..s~ _ _:.;J:~... . . _ 8~~~&1 -~8~ .
. 1~ 1~I ~ +~~.`}I~E; SEE OTNER SIOE FOR IMPOIt7ANT INFORIIAATlON
Fb5 TST ftev. 7/77 ~ ~i. - ~'~1~ ~ _ . . . . - . _ - . . . . ~ • . - . - .
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