HomeMy WebLinkAbout0683 Stuart. Florida, 19 78 Note t
.
. ~ aEter date the undersigned (and i[ more than one, each o[ them
~~~in~l~~ and se~•erally), hereina(ter called Alaker, promises to pay to the order o[
FIRST NATIONAL BANK AND TRUST C4111PANY OF STUART
ii. o(ficc at Stuart. Fbrida. ~~i A~ ~1 Itan
tich~~h :unoimt includes Ynxeeds o[ S_~~~s~10 plus other charges
(Desctibe)
„f resulting iqan A~tOUNT FINANCED oE ) with ' te a ANNUAL PERCEN`I'AGE RATE of
10 ofo payable ~ bC10V which results in a FINANCE CHARGE of S~$ (~mputed on a 6 month maturity, i[
~i~~nand obligation). It not included above, other charga in the amount ot;~~+have been
(Describe)
,~~IicYtcd from rlaker. As security for the payment oE this note Aiaker has pledged or depcnited with Bank the tollowing property:
19?8 Co~oord 3S1 • 35 !t. Tra~r~sl Trail~er ~3 351- 9
i.+eludin~ ~inai~sl & int~s`~et
8spe~yAb1~ in 120 manthly prLyssnts of s322.46 be~nn~ -
r~~~.•lf~dinp a/l rnak, atoek axd otl~aa dioidexda and all riphb to tubte~ j~ teeuretiet ixtidewt to, deelared, or yranted ix toantetion witM
.~:~,~h p~op~rty). u•hieA prope~ty, toyet6er ~citk al/ additioxt axd iub~~itution~ kertajter pkdyed or depoiited witk Bank ia calfed tke CoI-
:at<rul. Th~ Collaternl 'u a(io pl~dyed ai seeurity /or a!l othtr lia6ililie+ (primary. ieeondary. dirtet. toxtiny~xt. sole, joint or aeveral).
d;~e- or to becom~ dae or wkieh may 6e bereafter cortratted or atqieired, of tatk Ma1ce~ (foteludatp eaeA Makes and any otlk~r per+on?
r~> Itank. The a~rrendn oj this Aote, upme pay~ntnt o~ otkerwise. ~koll xat affett tAt riykt oJ Bonk to_retaix !Ac Collat~ral Jor iucA
,:thrr liobilitita.
Addition~ r~ductions o~ ~zchanq~s d. or substitutioo~ for t~ Co~lalsral. paym~ab oa aooouat d lbis ioan or incnaNS o! t~ wn?~. or oth~s
loans made putiallr or whoU7 upoa th~ Coilat~ral. maT ham tim~ b tim~ b~ mad~ without all~etiaq Ih~ pro?isioa~ of this nol~. Daak shaU ~=udso reason-
able cue in lhs euseod7 and prp~nation ol W~ Cdlalual b th~ ~~at »quir~d bp applieation statub. and shaU b~ dNmsd 1o haw wrci~~d rwooabl~
' care ii it takes sucL action br that purpw~ a~ Ut,ak~r shall rwonablY rpu~st in writinq, but no omiasioa b do anr aet aot »qu~atd bT !(ak+r ~hall b~
E deemed a lailurs b~s~reus rwsooabl~ ear~. and no omirlon b oompl~ with anT r~q~ust of 14k~r ~hall d iW!! b~ dNas~d a laUur~ te utrws r~aam-
j abie cars. Baak shall not b~ bound lo taH aal steps a~cKSart b pru~n~ aa~ riqhts in tbs Cdlaurd aqain~t Prio: Puti~s aad Nak~r s6a11 tab all a~c~
j essary a~ps far sueh pu~poM~. Bank or in nominN n~ed not croll~ct Int~c~st an or priacipal ot anp CoUatual or qi~~ any notla witL nsp~d to it.
~ It ths Co1laMral shall at an7 tim~ b~com~ un~atis(acbrT b baalc. I(aka shall wilhin oa~ daT att~r d~mand pl~dq~ and d~posit with Dank as put o!
! the Collat~ral additional prop~rtT whicb is sat~afactor7 b Baak
If Bank dMms [wlt ias~cur~. cr upon th~ haPP~~9 ot m7 d 1h~ followinq ~~~nb. ~acb oE whicL shall aoostitut~ a d~fault hu~under. all
E liabilities ot ~aeh Natee b Bank ahall tL~rwpw or th~r~ah~r. at 1h~ optio~ of Baak. wUhout notie~ or d~mand, b~oom~ dw and paTabl~: (aJ tiileur
~ ot any Obliqor (whkh 1um ahall m~an aad includ~ ~ach Nak~r. ~ador~r. surst1r aad qwrantor of this aob) b perfosm aal aqrMm~nt h~nundsr. b
~ pay intarest henaa within t~n dals ah~r N is bUld or oth~n?is~ rsqu~st~d oc d~mand~d. os b paT an~ oWer IlabilitT whatw~~~r to Baak wh~n dur,
~ e death oE aaT Obliqor: th~ dlinq ot aaT pstition under tb~ Daakcuptry AeL or aay similar l~d~ral ~ wt~ ststub. bT o~ sqainst anp Obliqor: (d) an
~ ~rPlication Jor th~ appointmeat ot a r~e~I~~r for, ih~ matfag o! ~ q~n~rai avigam~nt 1~ Ihs ben~8t at Q~diton bq. or th~ iawhmc~ o! anT Obligor: N?
~ ~tie eniry ot a judqm~at ~qafnst anT Obliqor, W th~ i~suinq d anY ariachm~at or qunishmenL a th~ filjnq ot ani Ii~n, against aa7 prop~rtp o! any
~ Gbliqor: th~ takluq d poss~ssioa d anY aubatantial pari ot tL~ Qzop~rtt o! any Obliqor at W~ iustancv d any qw~mm~ntal authocity: (h) the dir
aolution, m~rqvt, ooowlidatioo. os »acqaaisation d aaT Obligor: (D th~ assiqnm~at bp any Malt~r d an~ ~quitT in aaT d th~ Cd4bral wtthout th~ wtitt~n
crxisent ot Ban~.
Bank ~hall 6a~~, hut aball not b~ iimit~d ro, th~ iollowinq righb. Neb d which mal b~ ~z~reisd at aar tim~ wh~th~c ac oot thL not~ i~ dur. N
to pledq~ os traad~r tLis not~ and th~ Co1Lt~ra1 and Bank shali th~r~upon b~ »Ile~~d o! all dutiw and rMpoasibWtl~s h~nunder and »Ib~~d trom
any and all liabilitr with nsp~et to aoT Co1Lt~a1 ~o pl~dq~d o~ trand~~~d. and i11T P~9N O~ trintlKN ~hall for all p~cpwu stand !n th~ plae~ d
Bank 6~rwnd~r and Dan all th~ rig6b ot Daa~ h~nund~r: (iU b transf~r th~ .eo~. o~ .py ~ ot ~e. couaura~ m+o n.m. ot iwv or iti
iiii~ to ~o~ 16~ Callabral: (i~) b notiiT th~ obliqon on any Collabral b mab papm~nt 1o Hank d anr amouab du~ or b b~ooma du~ th~rwo: h1 b
demand, sw !a, ooll~et. or mal~~ ml oompromis~ or wulem~nt U d~ d~drabl~ wilh r~f~r~nd to ih~ Coila0~ra1: aad (~f) to tak~ aonhol ot anT p:ooa~ds
01 Collabral -
~ Dank f~ L~r~ qh~ a ii~n upoa and a Neivit~ int~rw ia all prop~ct! ot we6 Obliqor ~w at at anr tlm~ D~naft~r in tb~ pw~wion o! Bank
in any wpadtr wh~uw~~r. includi~q but aot limit~d b anT balana or ahu~ d anT d~posit, trust a aq~ney acoount a~ Mcurit! for tL~ p~pm~a~ ot
Lhu not~. and a~imilu Iwn upon and s~c.vritT int~rNt in all sucb prop~Ap d wch Nabr as wcuritt tor tb~ patm~nt of all otL~r IiabSllWs of ~ach Mak~r
~ io Bank (indudinq IiabilttiM ol ~ach Maku and aay oth~r p~r~oo): aad Daak ~6a11 ba~~ 1h~ ~am~ dqhb o to such prop~rt~ a~ it has wtth r~sp~ct W~
~ Coilat~ral.
!t Bank dNms iwH ins~eur~ a upan tL~ ooeu~nea of an~ d~dault 6K~und~r Bank s6a11 han tb~ »mdt~s oi" a Ne~u~d partr und~s th~ Uni-
;orm Co~m~rdal Cod~ aad. wit6out limitioq th~ q~neralitp d th~ br~qoiaq. Daak ahall ha•~ t~ riqht, imm~dlabl~ and witLout turih~r action bT it, a "
~ set oH aqaia~t this aoM alt mwT awd bp Daak fn an7 wpadt~ b~seh ot aaY OWiqoc, wbNb~r or not dw. and alw b wt dt agatnst all oth~r
!iabiliti~ d~aeh 11ak~s b Dank all mao~l owd bT Dank ia aaT apa~dti b weh ar an~ )[ak~r: aud Dank aball b~ dNm~d b ha~~ ~z~rcL~d such
~ riqht of NtoH aad b La~~ oad~ a charq~ aqaia~t mT sueb man~T imm~dLNt~ upoa tM ooaur~no~ at sueb d~Luh ~~~n t6ouqh sueh charq~ b mad~
~ or ~nta+d m th~ boob d Eank subMqu~nt ~6~nb. UnLa t6~ Coltaasal is p~rishab4 oc thr~al~ns b d~clia~ ap~~ditt In ~alw or is ol a trp~ cur
~ tomuill wid oa a r~ooqnf~d matk~t Daok wiU qi~~ lfak~c »awaabN sotle~ d tb~ tim~ aad plac~ o[ anT public sab th~r~of or of tb~ tim~ ahes which
~ anp pri~at~ sab o~ anT otb~r faNsd~d dLrposition th~»at f~ b b~ m~d~. 7L~ r~quir~n?~nt d iw~ooabN notlc~ s6a11 b~ m~t ii sucio notia b msil~d.
r P«v9~ PnWid, b aa~ Mak~r at tb~ addras qh~n bbw ar at anY o1h~r addrws sLown ao W~ r~oosd~ at W~ Bank. at l~ast 6~~ day~ bNors th~ tim~
~ of th~ sal~ or dispo~tion. Upon disposition d aar CoWwral aN~r 1h~ ooeurnnw o! anr dNault henuader. Nalc~r sLaU b~ and r~main 1Lb1~ !or anY
~ d~tici~ne~: and Dank a6ari ~caouat b ltak~ lor aa~ surplus. but Saak ~hall ba~~ th~ riqht b applr ~11 a an~ put d sueb surplus (a b hold tb~ sam~
~ as a r~n~ aqabutl aaT ~td a11 olh~t 1labilitlN d~ach a aaT Kak~t b Han~.
~ No dda~ a~ avhsioa oa tL~ part ot sant in ~s~rdainq aa~ right h~r~widu shall op~rst~ a~ a wai~~r ot such riqht or of aaT other riqht under
~ L4i~ nW~. Ytu~nts~nf, d~aod. proNat, aotic~ d dishoaor. aod ~rin~loa d f1m~ wfthout aoHa an b~»b~ wd~ed bJ ~ach aad ~~sry Obliqor. 76~
~ ObUqas, joistlt md s~~rallt. promiw and aqr» b pap all oosb d oolbelioe aod atbrwr' t~ ~qua! b 109'0 0! tb~ prindpal ~um or ~ueh luq~r
~ amounls as mai b~ rwooabb aod jwt ioeiur~d or paid b7 Daak is ~ntarcfuq thf~ aoM upoa tli~ xnur~ne~ d~ai d~tauN. Aay aotic~ b llak~r ~hall
addr~wd b a Idt u th~ ~miNS a4 th~ addrw ahown t»low or an
b~ su!(fci~sNt ~~d foc ali purpwM U plaad In th~ ma4 Pwtaq~ p»pai~d• Pon Pt Y
~ other addnM a6owO oo Daak'~ r~oo[d~. ~
~ lilab~ aelmawLdqw »afpt d a oo~pbMd oopT d t1~ NoM on tl~ abon dab~.
~ /s/ Paul Ross
~ ADDRt~3:
B~OK PAGE s Doro y Ross ~
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