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Home My WebLink About0410 INSTALLMENT PROMISSORY NOTE - TUItTt.E RE,~,F AS50C2ATESa ItIC. • ~A? Amount Recewed s 6,100.00 9ANK NAME (B) Pr~m~um for Cred~t Lif~lD+sabilrty Ins. S ~x ~8~ ~S~ ~H~ (Cl ~ocumsmary Stamps S ~M OPFICE AODRESS (D) OtAer Charges luemizsl S ~~e IEI ~ s NOTE NO. OATEO: 1 . 19~. ~p) = IbM IG) Amount Financed ~,~E Jamlary 21 .~s ia. e. c. o. e. F~ s 6.100.00 IN! ~nterat S ~ • P~ACE: , FLORIDA Gedit Invesugahon S ~ IJI Other s ~ Fo? vi1u~ rece~ved. the unde.sg~ed (hcre~naRer called "Make+"'1 lo~ntly a~d severatty 1it ~nore ~han ane! prom~se to pay to tbe a~` of ~ at ~ts otf~ce I~sted above, the Towl (K) S ~~t Pay.rbnn Itrom INI a~ ~ghd of +~s~,•~ poilars payabk in 120 S ~ ec~ua~ rtw~~Mly ~nstallments ot S fM? FINANCE CHARGE 3 574 40 • , the lirst ~ • "7r~ (H, 1, J, K, L) S~ ~nstall ~}t du! On , 19 ~ a~d wbsequent insta~lments due on (N) Total of Payments IG + M) S ''v,~•w ihe Z~Ay ot each month the~wlter, ~oye~ne. w~~n s F~NA~ en~~ooN Pe?vMENT oF: ANNUAI PERCENTAGE RATE • 7fi ` _ ~ OUE . ~~~«~~..r~..~«~~~~«TS.. The Bank st?all ~rrwose a deli~quency cha~ge agau?st the Alaker on any payrrknt which has become due and remains in de(ault (or a period i~ ezoess of ~O days ~n an amoun~ equal ~0 5'X~ of the amount of the prinupal part of the payme~t +n default. !n the eve~t that the Note is not pa'd in full at maturity, all pay ~„ents, whet~er prinupal, interes[ w otherwise, shall besr interest ai che maxirtwm legal rate allowecl under ihe laws ot ~he State of florida. All payments made t,ereunder shall be tred~ted tirst to mtereit and then to printipal, however, in the event of default, the Bank may, in its sole diuretion, apply any payment to ; nce~est, p~1~c~pal and/or lawtul cAa~ges chen accrued. tt is the intention of the parties Aereto that the provisions herein shall not provide directly or indirectly =o~ ~Ae payment of a 9re+a[a rate of interest or the retentia? oi any other cAarge tAan is allowed by law. It, tor any reaso~, interest in excess oi such legal rate o~ a charg! pOh~tld by ~iw sAalt it any time b! paitl, any such excess sha11 eithe. cw~stitute and be ueated as a payment on [he principal w be re(unded d+rectly ro the Mske~, The Msker may Wepay the er?t~re unpard balance of the loan at any ume_ 1( the loan n prepa~d ~n full, accelerated or refinanced, ihe Maker shall receive a e'und ot tMe ui?ea~ned pation of the ~~terest and inwrance premiums corrKwted by the Rule of 78's method, except that the Bank shall be entitled to ?etain .i m~~l~mym intNKt CIUri~! OI ~.(a. CREOIT LIFE ANO CREOIT ~IFE ~ DISABIIITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDlT. Such ~nwrance c~verage is av~dable at the cost desa~rwted below fo~ the te~m ot the cr~dit~ ta) S for Credrt li~e lnw.ance Ib) S ror Credit L~fe dr Disab~hry Imurance= Cneck ? Gedit l~/e I~KUran~e is des~red w? the life of aPP~ Birthdate Box l~ Ged~t ~ife d~ D~sab~6ty Inwrance ~s desued on ~ Bvthdate ~ Cred~! L~fe and/or OKab~lity Inwrance is not desired. ~ Jan;ur~t7, 1973 :)a~e S~gnature ~ ' i' !S . Itt, r . S~gnature / As secur~ty tw the pay nt of tfie Note ~he Maker hereby gra~ts to the Bank a security lnterest in che fotiowing p~opertyM ~.0769Z tmdirided interest tn Tnr n - D- , l~pt. !!o. D-29 as describ~d in sa3~ rt,~,ge- nctud,.rg all increases, wbs[~[uceons, replacements, addi~ions and access~o~s ~hereto and in the proceeds thereof (here~naf~er w11ed ••Collateral"). This secur~ty .nierest shall atso secure any other ~ndebtedness w I~abiliry o( the Maker to the Bank dirett or indirect, absolute or cont~n9e~t, due w to become due, now ex- :st~ng w F~witer a.is~rg, ~ndud~ng a1t fumre advances or loans try tAe Bank to the Nlake?. The Ba~k is also g~veo a hen and a secur~ty ~me.est ~n all p~operty and securit+es o~ the Maker, eodorser, sure~y, guaran[or or accommodation party ot this Noce (here~na(ter refpred to as the "Obligors '1, now ~n or at any t~me he~eafter coming into the control, custody or possess~on of the Bank, whether tor the ex- ~~~essed purpose ot be~ng used by the Bank as CoHaterat, w fo? any other purpose, and upon amr baiance or balances to the credit o1 any accounts, includ~ng ~•usi and a9enty atcounts ma~nta~ned +~nththe 8ank by any of the 06hgors, and the Obtigors agree to deliver to ihe Bank addu~onal Collateral or make such a: vments in reductron ot the pnnupat amount of the loan as sAall be satisfactory to the Bank, in the event the atorementiooed Collaterat shall dechne ~n value become unsates(xto.r to [he Bank. Addrtwns ~o, reductiw?s w exchar?ges of, or subshtuuons tor the Collateral, payments on account o~ this loan or rr?c,eases of the same, or other loans made na~rra~ly or wholly upon the CWlateral, may from i~me ~o ume be rnade without affecting the provis~ons of this Note. The Bankshall exeruse reasonable care m • ~:e custody ard preservatio~ o( the Collateral to the extent requued by applicable statute, and shall be deemed to have exerc~sed reasonable wre if it takes such xc~on far that purpose as Ntaker shall reasonabty request in wnun9, but no omission to do any aCt not requested by Maker shaU be deemed a failure to exercise ~easonaWe care, and no ortuuwn to comply vr~th any r~quest oi Nlaker shall ot itself be deert~ed a failure to exerc~se reaw~able care. Bank shall not be bound to ~;Re any steps ~ecessa~y to preserve any nghts the Collateral aga~nst pria parties and Maker shall take all neCessary steps for such purposes. The Bank or its nom~nlE n!!d rfOt cOlktt mtNKt OD, w a p~i~+cipal ot, any Coltateral ar give any notice with re~pect to it. The Bank may conUmue to hoFd any Collaterat de~wsited hereunder after the payrnent of tbis Note, if at tAe time of the payment and discharge hereoi any ot the pa~ties I~able to. the payment hereof shalt be then directly or contingendy liable to the Bank as Maker, e~dorser, w~ety, guarantor or accommodation party cf any othe* note, draft, b~U of ezchange, w othe. instrurt~ent, or o~herwise, and the Bank may thereafter exercise alt righ~s w~th resptct to said Cotlatera~ g~an[ed herein even though this Note stw11 have been wrrendered to the Maker. If the 8ank deen~s rtself ~ruecure o~ upon the happen~og of any ot tAe foltow~ng events, each of which shall constitute a default, all liabilities of each Maker to rne 8ank, intlud~ng the entire unpa~d pnncipal of thii Note and accrued interest, leu any unearned interest and any interest in excess of [he mazimum a~lowed • by law and any rebates reawred by law, shall imrt~ed~atdy or thereatte~, at the option of the Bank, except that the occurrence of (cl or 1d) sha~l cause automat- ~c accekratwn;vwthou[ not~oe o.dcmancl, becomedue and payable- (a) the failure of any Obligor to per(orm any obligacion, liability or claim to the Bank, to pay ~^~er~t hereon withm ~Odays after ii ~s due, or if there is no due da~e, afta it is billed or othervrise requested or demanded, o~ to pay any other liability what- s:~ever to the Be~k when due; (4) the tkath of any indrvidual Oblgor, the d~ssolution of any partnership Obtigor w the diuolution, merger or cpnsolidatipn with- out ~he Bank's priw w.itten consent of a~y capo.ate Obligor; (c) the filing of a petition in bankruptcy o~ the adjudication of insolvency or bankruptty under 3~v ~eor9an~zation, arra~gement, read~ustment of debt, diuolution, liquidation or similar proceeding under a~y Federat or state statute, by or against any On~~9o.; (d) an appl~cauoa for the appo,ntmene oi a receiver for, or the rrekmg of a general assignment (or the benefit of credito.s by, any Obligo?; (e) tAe en[ry ot ~udgment aga~iut ariy Obligor; (f) tl~e uwing of any attacbment or garnishment, or the fiting of any I~en, against any prpperty of any OWigor; (g) the taking of c~ossessio~ oi a~y wEstaousl part oi ~he prope.ty ot a~y Obligor at the instance of any govemmental authority; Ih) the determi~ation by the Bank that a materi- a1 adverse change has occurred in Me financial cw~d;tion pt any qbligor irom the co~ditions set forih in ihe most recent ~inanciai siacement of wch Obligor neretofore fumis~ed to the Bank, w from the condiuon ot wch Obligor as hereto(ore most rxently disdosed to the Bank, or that any warranty, representation, ce~[~i~cate w statement oi a~Y Ob~igor (whether contained in thn Note or not) pertaining to w in connectio~ w~th this Note w the loan ev~denced by this Note conca~ns an untrue sbtement ot rt?aterwl fact w omits to state mate.iat fatt ~eceuary in order to make the stateme~is made not mislesding; w, (i) the assign• me~? by any Makd of any tqu~ty in any ot [he Collateral without the priw wntten consent o~ the Bank. The 6ank sl*all have, bu[ shall not be limited to, che fpllowing rlghts, each at whith ttnay be exerused at a~y time whether or not this Note ~s due: lil to p~edge o. transfer this Note and the Collateral and the Bank sAall tt~ereupw~ be relieved of'all dutiss and responsibilities hereuncfer and relieved irom a~y and all !~abdity with respect to any Cotlaterat so pledgad w transferred, and any pledgee or transferse shall for all purposes stand in the place of the Bank hereunder arxf have all the rights ot the Bank hereunder; (ii) to transfe. the whole w any part of the Collaterat into the ~ame oi itself or its nominee; liii) to vote the Collateral; I~vi to notiiy the Obligors of aoy Coltateral to make payment to ihe Bank of any amounts due or to become due thereon; (v) to demand, we fw, collect, or make sny oon~omise w s~ttbnfent it deems desinble with refererke io tn~ Collateral; and (vl) !o take posseuion or control of any proceeds of Collaterai. u ~sed berei~ ~ns Turtle R+cef Associa~I~ sp~~~r NOTICE: SEE OTHER SIDE FOR IMPaRT~~T~TNFUf~IfAATt~N aSS1~.R F85 ~5z R~~ Ro~K282 P~cE 402 ~ ~ ' ~ ; - - ~ - r~r-",~. -i ` ~ ~ ~'~~~"`-F,: ~