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Home My WebLink About0199 ~ INSTALLMENT PROMISSORY NOTE ~ ~~Cl~tf~ T~~ ~ (Al Amount R~ceiwd s ~~19Z~~ 8 NK NAME (8) PrMnium tw Credit ~ ~ lit~/Dis~bility Ins. S !r0• ~OI~ ~li~ ~1~ ~rAR~~ ~si0lL ~]43~ IC? oocum~~ta~y sam~ t sa~ OFFtCE A ORE55 (D) Otha CM~pet (~t~mizd : ~ Fabrwry 4 78 'e~ s ~ NOTE NO. OATEO: , 19_. (F) S *~y • Feerwr~? 21 19 ~ (G) ; Bu C FD nced s `~i~~~ OUE: a2T.~O (H) Inttrat S ~ PIACE: . FLORIDA ll) G~dit Inwstigstion S fJl Other S 1~ For valu~ rsce~wd, the undersigned (her~ioaft~. ul1~d "Nlsker") joindy a~d s~verally (ii ~K) S mae than o~e) promis~ to pay to ths o~du of tM Bank, st iu o11~cs listed above, ih~ Toal ot Pavments (trom (N) st right) of Oollars psYsble in (L) S pusl monthly installments o1 S hc.8s , ch~ t~rst ~MI FINANCE CHARGE 3-~ ~H. K, u s insa~~ment due on M<1rCb 21 , 19~, snd wbsequent i~stallments due on (NI Total of Payme~ts (G + M) S ~•Sl~~~ tM~l.dsy oi each rtwnth th~reaite?, ~ogahe~ writh a F~NA~ BA~~OON PAVMENT OF: ANNUAL PERCENTAGE RATE 1~ 'K s ~ OUE ..wN..~ . w• Th~ Bank sha~l impose a delinquency char~e s9sinst tM MskK on sny payment which has bseome dua and remsins in detault tor s pe?iod in ezoas oi 10 days in. a~ amount equal to 5~'i of the amount ot the principal part oi the psyment in de(ault. I~ the eve~t that the Note is not psid i~ tull at msturity, all pay- ments, whether principal, interest o? otherwise, shall bear interest st the maximum legal rate sltowed undar ihe laws of the State oi Flo~ids. All paym~nts msde hereunder shatl be credited (irst to interest a~d then to pri~cipal, however, in the event ot default, the Benk rt~ay, in its sole discretion, apply any psyment to interest, printipal and/or lawiul cha?ges tAen accrued. It is the intention of tAe pa~ties hereto that the provi:ions herein shall not provide direttly o? indirectly fw the payment ot a greate~ rate of ~~terest or the rete~tion ot any other chsrge tF?an is allowed by Iaw. If, ta a~y reason, interest in excess of weh tegsl rate or a charge proh~bited by law shall at any time be paid, any wch excess shall either ca+stitute and be treated as s payment a? the principal or be miunded direetly [o che Make?. - The Maker may prepay the ent~re uripaid balance of tAe loan at any time. If the loa~ is prepaid in full, acceterated o. refinanced, the Maker shall receive a retund ot the unearned po?t~on o1 the interest a~d inwrance premiums computed by the Rule of 78's method, excepT thac the Bank shall be entitled to re[ain a minimum interest cha~ge of ~1.0(1. CREDIT IIFE AND CREDIT LIFE d~ OISABILITY INSURANCE ARE VOLUNTARY AND NOT REUUIRED FOR CREDIT. Such inwrance toverage is available at the cost desi9nated below tor the term of the credit: (a) S for Gedit Life Insurance (b1 S fo. Credit Life d~ Disabihty Insurante: . ` . . ; Check ? Credit Life Inwrance is desired on the lite of - ~p~, Birthdate Box ? Gedrt Life & Disab~hty Insurance is desired on Birthdate ~ Credit Lite and/w Oisability Inw~ance +s not desired. ~ ' ~J rrz Gc~ y.u . Feb~'wr~? 4, 1978 s;~~t~« lt ~ l Date: w~ Signature As secur~ty (or fh~~,payme~t of the Not the Make. aeby 9rants to he Bank a sec rity inte t n the (ollow r ~ ~~R~M~ ZIl~~ =~Mt O~B• ~ tK~ ~ s il['. • • ~ • j.• ii ~iCt M ~!l~;~! • includ~ng all increases, wbstitu[ions, replacements, additions and accessions thereto and in the p?oceeds [hereof (here~nafter called "Collateral"1. This security . ~ interest shall also secure any other irxlebtedness or liability of the Maker to the Bank direct or indaect, absolute or contingent, due or to becane due, now ex- isting or hereaftM arising, including aU future advanCes or loans by the Bank to the Maker_ The Bank is alw given a ~~en and a security interest in all property and securities ot the Maker, endorser, wrety, guarantor or accommodation party oi this ~ Note (hereinafter referred to as tAe "Obligors"l, now in or at any time hereafta rnming i~to the tontrd, custody or posseu~on of the Bank, whether for the ex- ~ ~pressed purpose of be~ng used by the Ba~k as Collateral, w for a~y othcr purpc~se, and upon any balance or balances to the c.edit oi a~y aocounts, includirg trust and agency accounts ma~ntained wiihthe Bank by any of the Obligors, and the Obligo.s agree to dNive? to the Bank additional Collateral or make such payments in reduction of the principal amount of the loan as shall be sat~sfactory to the Bank, in the event the a~o~ementioned Collatera~ shall decline in value or become unsatisfxtory to the Bank. . Add~tions to, reductions or exchanges of, or wbstitutions 1or the Collateral, payments on account ot this Ioan w i??aeases of the same, w other loans made partiatly or wholly upon the Collateral, may from time to time be made without affecting the p?ovisions of this Note. The Bank shall exercise reasonable care in the custody and preservation of the Collateral to the extent required by applicabte statute, and shall be deemed to have exercised reasonable care if it takes wch attion fw that purpose as Maker shall reasonably request in writing, but na omission to do any att not requested by Maker shall be deemed a tailure to exe~cise ' reasonable care, and no omiu~on to comply with any rcquest of Maker shall of itself be deemed a failure to ezercise reasonable care. Bank shall not be bound to take any steps netessary to preserve any ri~ts in the Collateral against prior parties and Maker shall take all netessary steps for wch purposes. The Bank or its nom~nee necd i?ot collect inte.at on, or a prinupal oi, any Collateral or give any notice with respect to it. The Bank may continue to hold a~y Collateral deposited hereunde? atter the payrt?ent of this Note, if at tl~e time of the payment and d~scharge hereof any of the parties liable tor the payment hereof shall be then directly or contir?genily liable to tAe Bank as Maker, endo~ser, surety, guarantor or aocommodation party of any othe~ note, draft, b~ll of exd~ange, or other instrument, or otherwise, and ehe Bank may thereafter exercise all ~ights with respect to said Collateral gra~ted herein even though this Note shall have been surrendered to the Maker_ If the Bank dcems itself intecure or upon the happening of any of the following events, each of which shall constitute a detault, all t~abilities of each Maker to the Bank, i~cluding the entire unpaid principal of this Note and accrued interat, less any unearned interest and any interest in exceu ot the maximum allowed by law and any reba[es reqwred by law, shall irtunediatNy or theresfter, at the opuon of the Bank, except that the occurrence oi (c) w(d) shall cause aucomat- ic acceleratior~; without notice w demand, becomedue and payable: (al the failure of any Obligor to perform any obligatio~, liabil~ry or daim to the Ba~k, to pay mterest hereon within 10days after it is due, or if there is no due date, after it is billed or othervvise rtquested or dert?anded, or to pay any other liability what- soever to the Bank when due; (b) the death of any individusl Obliyo~, thE dissdution oi any psrtnership Obligor w the dissolution, merger or Qonsolidation with- out the Bank's p?~w w?itten consent of any corporate Obligor; (c) the filing of a petition in bankruptcy or the adjudication of inwlvency a bankruptcy under any ~eorgan~zation, arrangement, readjustment of debt, diuolution, liquidation o~ similar proceeding under any Federal or state statute, by or against any Oblgor; (d? an application for the appointrtient of a receive? for, o~ the making of a general a~ignrt~ent for the benetit of creditws by, any Obligor; (e) the entry of judgment agairat a~y Obligor; (t) the iswing of aoy attechment or qar~ishment, or the tiling of arry lien, aqainst any property of any Obligw; (gl tAe taking of possession ot any wbstantial part of the properry of any Obligor at the instance of any gcwernmenUl authority; (h) the determination by the Bank that a materi- al adverse change has occurred in the financial eond+tion of a~y Obligor (rom the conditio~s set torth in the most recent financial statement of wch Obligor heretofore furnished to the Bank, or trom the condition of wch Obligor as heretofore most rscently disdosed to the Bank, or that any warranty, representatio~, certificate a stateme~+t ot any Obligor (whether eontained in this Note w not) pertaining to or in oonnection wiM this Note w the loan evidenced by this Note contains an untrue sta{ement of material fect w omits to state material fxt necessary in order to make the swtertxnts made not misleading: w, li} the assign- ment by any Maker oi any equity in any of the Collateral without tM prior written consent of the Ba~k. The Bank shall have, but shall not be limited to, ths idlowirg rights, esch of which may be exercised st any time whether or not this Note is due: li) to pledgs or trarufer this Note and the Collateral and the Bank shall the.eupon be relieved oi sll duci~s and re~ponsibilities he?eunder and relieved from any and aIl liabitity with respect to ~Y Collate?al so pledq~d or transternd, and ~ny pledgee w trans(Ke~ shdi tor all purposes stand in the plsce of the Bank hereunder and fwve all the rphts of the 8a.nk hereundp; (i~ to transfer the whole or any pa?t of the Collatenl i~to cht name of itself or its nominee; (iii) to vote the Collateral; (iv) to notify the Oblqwsoi arry Collsttrs) to mske psyment to Me Bsnk of a~y smounts du~ or to become due therson; (v1 to demand, we for, collect, o? ke a~ comp?omise or settlem~nt it deem! ble with raferer~ce to th~ Ilateral; a (vi) to tak posse ion or control of sny p~ocseds~of Collateral. ~s u~N Mniw r~r~ietL~ i~t 1rMS~iRN. ~is. ~d~«r ~es a~sipu. NOTICE: SEE OTHER SI~E FOR IMPORTANT INFOflMAT10N O R p FBS ~52 R~~. ~~7~ 80~1(~O~ PAGE ~ _ ~ y: - - _ - _ - . ;y f 4__~:~ocs : , . , . I x~