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Home My WebLink About0159 , INSTALI.MENT PROMISSORY NOTE . Z~Lt ttliF AsiIOCtA'[E~. IHC.'~ (Al Amount R~c~iwd : l0.bt?'',..~0 BANK NAME (8I PrNtfiuT fpr Credit t.~. tlOX 61a J!!IMlN dL~AAf EL0tIa11 ~3~157 ~~r~~as.d~i~h, i~:. s ~+a ~ s (C) o«um~nury Stamps s OFFICE A~DRE55 ~thN Ch~~p~t IitfTi2~) ~ ~ e? s NOTE NO. DATED: F~~~ry 4 . 1~8 . (F) S , OUE: F~1'Yil"y 2I 119 ~ (GI 8 CFO, E,eF~I 5~~~~Q~~ IH) Int~rest S 6 t ~ PLACE: , FLORIDA Cr~dit Inwstigation S UI OtA~r S For value r~ce~ved, the uMfersigr?ed (hati~after called "Maktr") jointly snd severally (if (K) S more than one) promise to pay to the o~der ot tM 8a~k, at its oi(ice 1lsted abov~, the Toul ot Payments (~rom (N) st .ight) of ~~~1~~0~~ pollsrs psyable i~ ~ s equal month~y instat~~nt: o S , the lint ~MI FINANCE CHARGE 1O~ ~nstallment due on ~i~ , 1 and wbseque~t installments due on (H, 1, J, K, L) S tN) Totsl of Payments (G + M) t i~lO the day ot each month thereaiter, co9sine. w~th a FiNn~ Bn~~00N PnvMEN7 OF: ANNUAL PERCENTAGE RATE lO % S ~ DUE ~y . The Baok shall imposs a de~inquency charye agai~st the MsktK o~ any payment wh~ch has become due and remsins in detault tw a period i~ sxcas ol 10 days i~ an amount equal to 59fi oi the amount of the principsl part of the payment in default. In the event that the Note is not paid in full at maturity, all pay- ments, whethe? principal, i~terest o. othervvise, shall bear interest ac the maximum legel rate allowed under tM laws oi the State of Flaida. All psyments msde hereu~de~ shall be credited tirst to ioterest and then to principal, however, in the event oi de(ault, the Bank may, in its sole disc~etion, apply any payme~t to interest, p~intipsl a~d/w lawlul charges then etcrued. It is the ~ntentio~ of the psrtrcs he~eto thst the prwisions herein shall not pravide direttly or indirectly fw the payrt?ent oi a grwier rate ot i~terest or the retention of any other charge [Aa~ is allowed by law. If, fo. sny reason, interest in exeeu of such legat rate o. a charge prohibrted by 1aw sha11 at any time be paid, any wch excess shall either constitute and be treated as a payment on the principsl w be retunded direetly to the Maker. ~ The Maker may p?epay ~he ent~re unpaid balance oi the loan at any time. It the loan is prepaid in fult, accelerated w refinanced, ~he Make. shall receive a refund oi the unearned port~on o~ the ~nterest and ~nwrance prem~ums computed by the Rule of 78's method, except that the Bank shall be entitled to retain a m~nimum intereft clWrge ot CREDIT LIFE AND CREDIT LIFE & DISABII.ITY INSURANCE ARE VOLUNTARY ANO NOT RE~UIRED FOR CREDIT. Such i~wrance coverage is available at the cost des~gnated below (or the term of tAe cred~t: (a) S for Credit Life Inwrance (b) S tor Gedit Life 8 Disability Inwrance: Check Q Credit Lite Inwrance is desired on the life of Appl. Birthdate Box ? Gedit Life & O~sabdity Insurance is des~red on B~rthdate d Credit Life and/or Disability Inwrante ~s not desired. oa«: Februar~? 4, 1978 s~9,~~,,,~ a ~ ~ - s~~t~« AS seturi[y tot th payment of the Note the Maker hereby grants to the Ba s r in followi ro ty: ~ ~.c.~+..c ~`art. ~..f coo~a.. Z., rac~s+~.o o.a. a~,~ac 3, ra~,. ~~o~:..~st= v.~s 11 .nd - . . . A~t. ll~. a~ ~ari~ l~ a arst~Y,s. ~ncludi~g all increases, wbs~ituiions, replacements, additions and accessions chereto and in the proceeds thereof Ihereinafter calted "Couateral"1. This security ~ mterat shatl also secure any other indebtedness or liabil~ty of the Maker to the Bank direct or indirect, absotute or con[ingent, due o~ to become due, now ez- istirg or hereaite. a~~sing, including all future advances or loans by the Bank to the Maker. The Bank is also give~ a lien and a security interest in all property and ucuritres of the Maker, endorser, wrety, guarantor or accommodation party of this - Note (hereinatte~ re~erred to as the "Obligors"1, now in w at a~y time hereaiter coming mto the conirol, custody or possess~on oi the Bank, whether fw the ex- ' preued purpose of being used by the Bank as Cotlateral, o~ tor any other purposc, and upon any batance or balances to the credit of any accounts, including trust and agency accounts ma~nta~ned withthe Bank by any of the Obligors, and the Oblgors agree to delive. to the Bank additional Coltateral or make such payments in reduct~on of the prlncipal amount ot the loa~ as shall be satisfactory to the Bank, ~n the event the afwemenuoned Collateral shall decline in value w become ur?sat~sfactory to the Bank. Addiuo~s to, reductions or exchanges of, o~ substitutions (or the Collateral, payments o~ account of this loa~ or increases of the same, or othe? loans made part~alty w wholly upon the Collaterat, may f~om time to time be made w~thout affecting the provisions of this Note. The Bank shall exerc~se reawnable care in the custody and preservation of the Cotlateral to the extent required by applicabte statute, and shall be deemed to have exercised reasonable care if it takes such act~on for that purpose as Maker shall reasonabiy request i~ writing, but no omissio~ to do any act not requested by Maker shall be deemed a failure to exercise rwsonabte wre, and no om~uion to comply with any request o( Maker shall oi itsNf be deemed a failure to exercise reasonabte care. Bank shall not be bound to take a~y steps ntcessary to preserve any rights in the Collateral against prior parties a~d Maker shall take all necessary steps fo. such purposes. The Bank or its nommee r?eed not collect interest on, or a principal ot, any Collateral or give any notice with respect to it. The Bank may cont~nue to hotd any Collateral deposited hereunder aiter the payrr~t of this Note, if ac the [ime oi [he payment and discharge hereoi any oi the parties liabk for the payment hereof shall be then directly or conungently liabte to the Bank as Maker, endorser, surety, guarantw or accommodatan pariy of any otl?er note, d.att, bill of exchange, or otha instrument, or otherwise, and the Bank may thereaiter exercise all rights with respect to said Collateral granted herein even though this Note shall have been wrrertdered to the Maker. If the Bank deems itself insecure w upon the happenin9 ot any of tt?e following events, each of which shall constitute a default, all liabilities of each Maker to the 8ank, i~cluding the entire unpaid pr~ncipal of this Note and accrued i~terest, ~eu any unearned interest and any interest in exceu of the maximum allowed by law and any rebates requ~red by law, shall immediately or thereafter, at the option ot the Bank, except that the occurrence o( (c) or (d) shall cause wtomat- rc acceleration;without notice or demand, becomedue and payable: (al the (ailure of any Obligpr to pe?twm any obligation, liability or daim to ihe Bank, to pay lnterest hereon within 10days after it is due, w if there is no due date, after it is billed w otherwise requested or demanded, or to pay any other liabiiity what- soever to the Bank when due; (b) the death oi a~y individual Obligor, the dissolution of any partnership Obligor or the diuolution, merger or ow~solidation with- out the Bank's prip vKitten co~sent ot any corporate Obligp; (c) the tiling of a petition in bankruptty w the adjuditation of insolvency or bankruptty under any reorganization, arranc,~eme~t, read~ustment of debt, dissolution, Ipuidation or similar proteeding unde~ a~y Federal or state statute, by or against any Oblgor; (d) an applitation tor the appointrnent of a receiver fo?, or the rt?aking ot a 9eneral astignrnent for the benetit of creditws by, any OWigor; (e) the entry of judgrt~e~t against any Obligor; Ifl the iswing of any attachment or garnishmsnt, w the tiling o( arry/ lien, against any propaty of any OWigor; Ig) th8 taking of possasion of any wbstantial part of the property ot any Obligor at the instsnce of any governmanta! auMority; (h) tne determi~ation by the Ba~k that a materi- al adverse thary~e tws occurred ~n the financial tw~dition oi any Obligor from the conditions set forth in the most retent firwncial statement of wth OWigor ' heretofore furnished to the Bank, or from the condition of wch abtigo. as heretofwe most reuntly disdosed to the Bank, or that a~y warranty, representation, ` ce~titicate w stateme~t oi any Obligor (whether conteinad in this Note w not) perta~nirg to or in oonnection with this Note w the loao evldenced by tAis Note i conta~ns an untrue statement oi materiat fact w omits to state material (act necessary in order to mske the statements made not misleading; w, (i) the auign- 3 ment by any Maker of any equity in any oi the Collateral without the priw writte~ consent of the Bank. The Bank s1w11 h~4~, but shatl not be limi[ed to, the tollowing rqhn, esch of which may be exercised at any time whethe. a not this Note is due- (i1 to pledye or trantter this NOtt and the COIIstKal end tAe Bsnk sRall thereupon be reli~ved of all duties snd respo~sibilities hereunder and relieved trom any a~d all liability with respeCt to any Collatersl fp pl~d~ed O~ transterred, and any pled~,Jee or transfaret shall tor sll purposes stand in the p18tt ot the Bank hereunder and have all the riqhts ot the Bank hereunder; (iil to trsrrter the whole w any part oi tf~e Collatersl i~to the ~ame oi itself a its nomi~ee; (iii) to wte tM Collateral; (iv) to notify_ the Obliyws of a~y Collateral to msk~ psyme~t to the Bsnk oi any amounn due or to become due thereon; (v) ta dertiand, we Iw, cdlect, w make any comp?omise w settlemer?t it deems desiraWe with ref~renca to the Collst~ral; and (vi) to take possession or control of any proceeds of Collateral. •"S~NK" es u~ed L~roin ~ans turtle ~r ~iat~ Ina. ~ndJoe ~ta NOTICE: SEE OTHER SIOE FOH IMPORTANT INFORMATION PAGE ~~tJ ~ ~ F BS 752 Rev. 7/77 - . - ~°r.~~ . . _ . . , ~ . ~ - ~ - ~ _ . _._r_._ . - -