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~ ~o ~iaue and to ~otd 1~~~~ .am~~. luy~•I~~rr ~u~l~~ f~u~ f~~ni~~n~•nls {~r?i•~~ilum~v~ls an~~ upp~uf~~
I n~~nrr. fl~rn•fu ~~r~unginq. nn~~ I~i~ ~t~nfs. Issurs nn~~ piu~ilc I~~~vru~. unfo I~~P murfgu~~rp. in Jar si?np~i~.
+ ~1~~ I~i~~ murlt~og~~r ~•w•~~nanls u~il'~ I~~e murf~~a~~~~r I~~ul f~~r mo?lyagur is in~~r~i~asi~?~y sr~z~v~ u~ sai~~
I~ ~~~ml in rr sim ~1~~: fl~af 1{~r mo?Ir u or has t u~x~ ?it l~f an~l luu~ ul aull~orily 1o run~•~~y stti~~ I~uul ns ujore
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i~ w~~il~: 1~~U1 If~P ~nu?fi~u~tor 11•1~~ f1111~P Sllf~'llf~~IPI p~51114111'~•S JII'IjM'~ ~~~P /PP SII11n~P ~I~~P ~O SQIf~ ~/111f~ 111 ~hP
??inrfyu~~i~~~ OS IItO\' f~'(15OIIA~/~l ~1P /P(f111~P/~: ih~t ih~•, morf~ingur ~tPIP~y JU~~Y u~nrranls ~~IP ~I~~P ~O SQII~ ~Qfl~
~IIIf~ 11'1~~ II~~~PII(~ (~11' S(1/11P li(InIf11~ ~~P 1(Ill'~1~~ 1'~QIf115 O~ A~1 ~)P/SO/IS lO~l)I~ISOPI'P~: AII(~ ~~IQ~ S(II~ IA~I~ IS rIPP ~
/111(~ f~f'Q~ AJ Q~~ 1'lll'lIfl1~KA?ICPS '
PROV I ~EO ALrIAYS T~AT 1 F S.~ 1 0 MORTGAGOR SHALL PAY UNTO SA ~ D
I h1~RTGAGEE THE CERTAIN PROMISSORY NOTE NEREINAFTER IDENTIFIED TO-WIT!
,
Stuart. Florida, ~h 19 78 Note /
BlZiO'Y a[ter date the undenigned (and iE more than one, each o[ them
i~,intly aud seve y). hereinatter caUed 1lfaker, promises to pay to the ordeT of -
~ FIItST NATIONAL BANK AND TRUST COMPANY OF STUART
:i iu o((icc at Stu-rrt. Florida. A~ ~1~ .•~~s~~.._ Dollars
~t~l~i~h :unount inclades Procceds oI s 1~~•~0 plus other chargea ~i~l =e~f
~~f S'~~~ raulting in an ArtOUNT FINANCED oE S'~~~ ) with interest a CE~AGE RATE of
'10 o able~~ ~~y which resalts in a FINANGE CHARGE of (Com utcd on a 6 month maturity: if
Io ~Y P
~irinand obligation). lf not included above, other charges in the amount of F~~_have bten
(nescribe)
~ rom taker. sec it for the ent of this note Alaker hu ledged or deposited ~vith Bank the foliowing propetty:
~~l~~s~caa ~i?w`~n $~Ho. a s Tf1'-?8 35 ~t. 1yca~r~1 Trailer
•R~peVabl+~ ia 120 aoa st
~ on ~ s d~ o! a~il ~ 1978 and oad th~ f
ett~]~' 1IDt11 l~1~ ' O~ F~b~~~1988~ o~ 1lh3eh esid dat~ ths ~uti~ s~~ ~~~.~yqi~,_ii~d
int~et th~a
~ ir«(r~dixp a!l task, atoek and otker dioidend~ and afl ripkb to ~ e~ Jor stt~ritit+ ixcidrnt to. dtetartd. or pranted ix toax~etiox witb
~,r~h property). uhiell property. topetaer ~oitk all additioxi and ~xbititxtimu kereaJter pledyod os depoiited witA Bank ia called tJre Col-
lat~ ral. Tht Collattral u alto pfedped as tecurity jor aII otAer liabilitiu (prirnary, ~uoxdary, direet. couti~pext, tolt. join! or ~evera!)~
~l~~t or to becor~e dKe or x+hich may 6e keswJter eoxtraeted or aeqeeired. oJ taek 1Naktr (nttluduiy aaeJl Maker a„d axy ot~er perao„)
~o l:ank. Tke rurr~nder of thit note. upoa paynie~at or otherwite. tkull xot ajJtet tAe riykt oj Bank to retaiA tAe Collat~ral jor ~uek
•,thr r lia6ilitits.
Additioos 10. r~duction~ or uchanq~s d. or ~ubsHtutioos tor tb~ Co1laMnl. papmwb m aooouat oi thls ioaa or incna~s ot th~ ~am~. a~ o1h~r
loans made psrliaUT or whoql upon th~ Collateral. ma7 trom tim~ b Km~ b~ mad~ without afbclinq th~ pro~isions d thls nob. Baok ~all ~z~rcL~ rw~oo-
r_ble care in ths cus~dy and praMation of th~ Coll+tnal to tb~ ~zbat r~quird by applieaKon stalub. aad slull b~ d»m~d b La~~ ~z~d na~ooabM
c~re if it takes sueh actfoa for that purpos~ a Mak~ ahall rw~onabir r~qu~st in writtnq. but no omisaion b do anY ad not r~quMbd bt l[ak~r ~hall 2»
deemed a lailurs to ~s~reiss rsawnabl~ ear~. and no omLsion b oompl7 with mT r~t oi Maksr shall d IWIi b~ dNm~d a tailun b~z~reaN rwon-
able care. Bank ahall not b~ bound b Wn ant sMp~ neceswT b pr~sen~ aaY riqh~s ia th~ Collabral aqaiast prior puWs and Kak~r ahall Wo~ all n~r
~ essary stsps toe wch puipoNS. Bank or i~s aominN nMd aot eroU~et intu~a an a pcioatpal ot anJ Co1la~sral or qi.• mr nata wUh r.rp.d w i~.
II 1he Coilat~r~l aLaU at aut tlm~ b~o~m~ uasatldac~ar~ b Daok ltaka s6a11 witLln on~ daT att~t d~maad pl~dy~ and d~poaR w~ Daak as patt d
~ !he Collat~ral additiooal prop~mf wLich i~ utLfacforT b Baa1r.
€ If Bank deems iwH ins~cvr~. oc upon th~ happsainq d ant d ths foUowinq e~~nb, tach oI whicb ~haU aooatltut~ a ddauU bcwnder. aII
~ liabilitiea d~ach NakK b Bank ahall thersupoa os thusaftsr, at tD~ optloa ot Baak, wLhout notic~ or d~mand. b~eom~ dw ~od paTabb: W isilu»
ot any Obliqor (whjch tum shall mean and iacl~~ sach Kat~r, wd r. aur~qr and qwrantor ot this b p~ifo~m anr aqr~nt b~nund~r. to
a Fay inlerat hsnon withja t~n day~ afNr it is bill~d or oth~rwis~ B~~d ac d~mandd. o[ b paT anr othsr liabilitlr whabo~~~r b Bank wh~u du~: (b)
~ ~he death ot anp Obliqor: (e1 th~ ffiinq d aa? pstit~ uader th~ ptcy Ad or any simitar isdsral or stab datut~, bl or agaiasf aoT Oblfqor: (dl aa
q apptication tor th~ sppointnaaf oI a»c~i~~r lor, ihe matinq ot gsneral aasiqnm~nt !or We bsn~tit of Qediton bp, or th~ iowh~ncT d anY Obliqac:
s cce enorT a1 a ~udgm~nl aqainst ant Obliqor, W th~ iss ' aaT attacLment or qunishm~a~ or th~ filinq of ml 13~n. sgalnsl anT P~~riT ~~T
~ Cbiiqor: l~ th~ takiaq of poaseaaion of any subatanWl d ~rtt ot anr Obligor at th~ iaslanc~ ol aar qo+~rnm~nfal authaitT: l~ the dir
solution. merqvt, oowolldat{oo, or norqaniution ot aa : ffi~ atsiqnm~nt bT any Mak~r ol snr ~quity in anr at th~ Couat~ral without th~ writt~n
coasent ot Baalt.
Bank ~hap ha~~. but aLall nat b~ limi to.~ wfnq riqbb. ~acD d whieII map b~ ~zerci~ed at anT tim~ w6~th~ ar no1 thL mN i~ dw: W
to yiedq~ a tranaf~r thL nw~ and th~ Colla~ and Bank shall thsnupon b~ »lis~ed ot all dutlw and rpponsibiliti~s ~mand~r and rNl~~~d trom
~ any and aU liabilitl wfth r~spscl b anT Colla~~al w pladq~d or traasNaed. and anT plsdqe~ or tranat~rw ahall br al! p~apoMS stand fa th~ pLa ot
bant h~r~undu and har~ all tb~ riqhb~ Daak h~rsund~r, (W ~o tranda th~ whob or anT put ol th~ ColLbral inb tb~ wm~ oi iWl! or it~ nominN:
~iu~ to ~oM th~ C.ollat~ral: t~~) b notitT ~ obliqon on any Collat~ral b maic~ psTment b Bank ot anl amount~ dw or-1o b~oom~- du~ th~r~on: h) b
•~emand, sw las, edl~et. or mak~ anT o~promis~ a s~tdem~nt it dNms d~siraW~ with r~i~r~aa to th~ Cailat~ral; and b nk~ oontrol oi aaT pma~
ot r,oUat~ral.
Dank f~ b~r~ gi~~n a li~a upon and a NcurMT iotec~st in aIl prop~rtT ol ~ach Obliqor now ac at aaT tim~ h~natt~r ia th~ poawssion d Baok
~ ia aay apadtT whatswr~r. iacludiaq but not limifd b anY balaac~ or shar~ d any d~posU. tru~t. or aq~cy acooun4 as NeuritT tor tL~ pa~nt at
~ thii aot~. and a similar li~n npon and a~cvritl inter~st in all suc6 Prop~rtp ot ~ac~ I~tabr a~ wcuriti tor t6~ patm~nt of all oth~r llabiliti~s of ~ach Mak~r
to Bank lindudioq liabilitiM ot ~ach ldaka and anT wL~r p~rwn): and Daak ~hall IIa~~ th~ ~am~ dqII1s as b such pro~at! as it has with nsp~ef b t6~
ffi Collat~nl.
U Baok dwm~ iwH in~u~ a ujwn th~ ooaur~na of aaT dNault h~r~und~r Baak shaq ha~~ th~ rsm~dlM oE a wciuai putT undu tL~ U~-
~ h~rm Comm~rcial Cod~ and, without Ilmitinq t~ q~wrality d th~ fot~qoinq. Daak sLall ha~~ th~ right, imm~dlat~l~ and wilLout furlLrr actioo bl it. b
- set d! aqalast thls nob all mon~~ ow~d b7 Bank in aa7 apacitT b~ch or anr OW~qor, whNh~r ac not dw, aad alw b s~t d! aqalost all o1L~s ]
ac
" !?abilitw d~ach 1[ak~r b Baok all uwn~T owd bl Daak ia aa~ wpadq b~ach a an~ ~takar: and Dank ahall b~ d»m~d b ba~~ uu~d such ~
~ right of wtd[ aad b La~~ mad~ a chuq~ aqaiost aoT sucb moa~7 imm~diae~ly npaa th~ ooc~u»aa d~ueh d~fault ~~~a tDoyqh auch cl?uq~ i~ mad~ }
:z or antsnd on tL~ books ot Dank wbNqwat 1h~rMO. Ual~a~ th~ Co1Lt~ra! fs p~riahabb or 1~rsauns b d~elia~ spNdUT fn ~alw or b d a eTp~ cvs- T
~ tomuU7 w!d oa a r~ooqnls~d mukN. ~ank w~l qf~~ D[ak~r nasonabb soticy ot t6~ tim~ and pl~ d ant publie sal~ W~r~ol or at the tim~ after which x
~ anp ~u~ ~a4 or anr oth~s iot~nd~d dl~posnioo th~r~of L to b~ mad~. 7M r~quir~m~at ot »asooabb nWky s6a11 b~ mtt U such aotin i~ maUd.
{ P«~+4~ P~~W~- b aaT Ilak~r at th~ addrw qh~a Mlow ~ at aaY oth~r addrws sbown on th~ r~oords d th~ Bank. a1 Nast 8ti days b~lor~ tLe tim~
~ ot th~ sa3~ o: dispo~itiao. Upon dispoaitbs ol aay Collaaral aN~r th~ occurr~no~ o! anT dNault h~nund~r, lsalc~r ahaU b~ aad r~main liabl~ for ant
dsficuncTc aod 3~nk ~hsll ~ooount b lfat~r !a m? surplus, but Dank aha11 ha~~ 16~ riqht b appll all or ani patt d sucL surplus (a b hold t~ sam~
~ u a r~c~~ aqahostl auT aad a11 ofh~r Habil[tNs d web ar aar Hak~r b Daak.
~ No d~laT ar aoi~sjoa aa tL~ part ot D~ak fo ~z~rdamq anr rigLt ~nuud~r shall op~ral~ as a wal~u at sucL rigbt or of aaJ oth~r rigLt und~r
this not~. Pru~utm~at d~saed. prowb notfe~ af dis6onor. aad ~rin~fon d ti~ without aotia u~ Mr~bT wai~~d bT wcb aod ~~~~r Obliqor. 7h~
~ ObUgo:s, yolntlt aad ar~ra[it promL~ and aqrN b paT al1 oosts M ooli~etfoe aad atlo~Ts' iw pwl b 10%'0 ot ~ priodpal aum or ~ueh luq~r
~ amouab a~ maT b~ rw~ooabb and ju~l iaaur~d or paid bT Bank Sa ~nforcioq thL noM upon tb~ oo~va~nw d ani d~taull. AnT aotlo~ b Mak~r shall ~
; t» sultleMntlt Mn~d for a11 purpwM 8 plao~c! in Ih~ maU. Po~taq~ Pr~par~d, addrNNd w ar l~l upon th~ pt~mLa aL th~ addr«s sbowo b~bw or aaT
other addrw ~Down oa Bank's t~oolds. ~ R ~
~ x.lus .dmo..Laq~...o.lpt oe . co.pl.~.a wpi d tht. xa. os tb. abo.. aw. 5/ ~n~n~,r ?~r ;c ~
~ ADDAES3: fSEALI ~
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A; - -~EALI ~
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