HomeMy WebLinkAbout0577 ~ . . . -
~ ~ ' INSTAILMENT PROMISSORY NOTE
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1F'~S~ NA?jONAL BANK OF FORT PIERCE w A~+~oun~ R.c.~wa 2, 500. 00 ~
\ enNrc N~?~e 161 PrNnium ~w C~~dc~ _ 118 32
- ' . " 1'lil~/Diub~iity las. _ • S •
pos~ Office Box 9?0 Fbrt Pierce~ ~'lorida ~ ~~+uro sis~ t_ 4_ 50 f
, OFFICE AOURE _ - (D~ OthM C11~qN (itNniif~ s None ~ ~ f
~ : - ~ lE) t None i
rvo7E NO. Ll _74T~_5 OATED: T~~9 .18ZZ. (F1 = None
(G) Amount Financ~d !
Au~1 st 5 ,~9~, e, c, o. E, F~ s 2, 622. 82 ~
DUE:
IH1 Inantt = 321_ Z4
P~ACE: Fort Pierce , FLORIOA C.btc ~^waq.~~o^ t 12. 50 ~
~~f ptM? = None
For vslw r~piwd, eh~ ue~d~.~ipn~d (Mr~inafeK c~ll~d "MakK") jointN ~~Mr~lh? (it (K) : None
more thsn oM) prorlli~t to PaY t0 tM O~dM Ot tM Baek, at its OHiq IisUd sbOV~, tfN TOW ;
ot PaY~nt~ (tran (N) ~t ripht) of~~56~_S6 po~~xs payabq in _24_„ (U :~~Q' ~
rca~s~ monMh instN~mN+et of t 1~. i~ . ~M tint lN1? FINANCE CHARGE y
~H, K, u s 333. 74 ;
~nscallrt+~nt dw on ,~Se~~ ,19~. ~nd wbtpwnt i~Wlm~nts dw on (N) ToW of Paynrrtt~ IG + MI = 2`.9~6. 56
~n•~_day o! ~aeh monch tMrN~ar, top~d~ with a FINA~ BA~tAON PAYtNENT OF: ANNUAL PERCENTAGE RATE .~_1r7A_ %
S None ~ DuE ~ None , t9 - ' - ~
Th~ Bank shsll impoN s d~lin4e~neY d~ar0~ spaintt tM M.k.r on anr arnw?e .,~~cn naa a~eorrr aw ana se d~tsu~t tw ~ auioa ~n •xo.a ot 1G ~
dvyi in sn amount puN to 6% of th~ anwunt of tM priocipal part of th~ psymMt in ddwlt. In ths e~nt tMt tA~ Non is not psid in full ~t rtwtu~ity, atl psy- .
mencs, wMtha princip~l. iecKat w oth~wi~. shMl b~u int~»tt ~t th~ maeimum IpN nt~ allaw~d u~d~r tM Is~a of th~ State of Florids. AU payme~q mad~
hrreundK sh~ll b~ u~diud tkst to int~?pt snd tMn to pri~cip~l, howe~, in ttN ~nt of d~hult, tM Bsnk msy. in iis solt diuntion, spply ~ny prymw~t to ~
incefest, prieeipil snd/or law(ul thsrpp tMn soerwd. It is tM inqetion of th~ psrtia hu~to Mat tM pror'~sions h~nin shall not provid~ dinetly or indinetly
tor the payma~t of a 9r~itM na of i~tKat w tM nt~ntion oi any oMer chsrp~ th~n a slbvwd by Isw. lf, tor any nason, int~nst in ~xo~a of fuch NpY rstt or ~
a char~ prohibit~d by law ahall at ~ny tin» b~ psid. any wch ~xo~ siull eich~r connituu and b~ tn~ud as s psynNnt on t1?~ prineipsl w b~ nfund~d diroctly
to the N4kK. _ -
TAe Mak~r miy prp~y tM entin unpaid b~lanp of tM lo~n at sey t~. It tM lo~n is pnpad in fuN, aoc~l~t~td w ntinsnc~d, the Msk~ ~hNl t~eNvr a
re~und ot tM un~srnd portion of tM int~rat ~nd inwrsnc~ pr~eniurtq compund by tM Rul~ ot 78's tn~thod, ~xape th~t tM Bsnk shNl b~ ~ntitMd to r~tsin
a minimum ietlr~st dNt~! Of
CREDIT L1FE AND CRE~IT LIFE A OISABILITY INSURANCE AHE VOLUNTARY AND NOT RE~tJIREO FOR CREO~T. Sueh inwar?p oovMap~ is
available ~t tM eost dNipnst~d below for tM t~nn of tM u~dit: (s) S None for G~dit lif~ Inwnt~u (bl S i l S. 32
tor C~~dit Lih a pis~bility Imursnt~: .
Check ? G~dit 4f~ Irwnno~ is daind on tM lit~ of ~ ~ ' ~ E
Appl. 6i?thdatt
aox ~ G.dit lii• 3 Dissbiiity ~nwr.nos is desind on J ames M_ McCauley
e;.~ne,a 11-11-22 ~
? Cndit Lii~ and/or O'~sabilit~l Inwrane~ is not desired. v
oace: Jt11jj ZQ~ 197~ Sgnsturo « ' ~
S'gn+t
As seeurity for th~ p~ymMt of the Nott tht Makp htreby yrsnts to s ity " ts t'n t f owing pr t?nsecured with
~o~"~, ~oc~c 1~~, ~,a°Ycewoo°c~`arTc,-~ni , accor in
~~ond mort~agp ~~~itinnal collateral- g
to the plat thereof recorded in plat book ll,paqe 29, 29A-D of thepublic records of St. Lucie Cty. •
~r~ctud~ng atl incr~, a~bstitutioes. npfao~n~ena, ~dditioro and scosssioro ther~io snd io the prooe~ds thereof (hereios/tK alled "Cotlater~l"1. Tha sewrity j']g
~ ~nierest s1N11 dso ~lCUn ~rty other indebt~dness or liability o( cM Nlake? co tM Bank dir~Ct or it~d'e~Ct, sbsoluta w continpant, dw or to bstome dw, nOw ~x-
E rst:nq w I+ueaftM aising, indudirq all lutun sdvancss or loans by tht 8ank to th~ Msk~r_
Th~ 8snk q also 9ivrn ~ li~n and a s~eurity ine~rest in all praps.ty snd securities of tM MakK.~dormr, wnty, gusrsnto. or accaR+modstion prty of Mis
; hote (Ae.sin~fte? rffand to ss the "Oblipon"1, now in w at sny tin~e he~tafter toming into th~ tontrol,-wstody or possession of Me Bsnk, whetM? for tM ex-
; p~essed purpos~ ot b~irg us~d by tM Bank ss CollsterN, or for sny otha purpose, and upon sml balsnce or bslano~s to the aedit of u~y ~a:ounts, inch~ding
; t~usc and sg~Ky aocouna msintain~d witAtl» Bank by sm oi tM Obliyon, snd th~ Obligors sgree to delivK to tM Bsnk sdditional Collatersl or m~ke wch
~ payrnents in reductio~ ot tM principN arnount oi the losn ss shsll bt sstisfattory to M~ Bsnk, in the avant Me sforem~ntioned Collateral shall d~tlina in valw
i e. beeom~ u~sstiststtory to tM Bsnk.
~ Additions m, reduetions or exehsn~s of, or wbttitutiaa fw che Collateral, psyments on soeou~c of tl~is losn or increa~es of the same, or other Iwns made
par~~ally w wAolly upo~~ tM Collsteral, msy from tirn~ to arm be rnsde without aff~cti~ the provisions oi this Note. The Bankshall ~xt?cise ressonabb qre in
$ ?~e custody and pr~servation ot the Collatenl to ehe ~xtent rpuired by applicaWe statute, and shall b~ dee~nad to hsvs exercised ressonable are if it qk~s such
p acc~on for tAat purpos~ as Maker shsll rqsombly nquat in writing, buc no omission to do any act ~ot requ~sted by MakK shsll b~ deemsd a tsdun to ~xeicis~
4 rezsonabte csrt, and no omission to comply with srry rcqwst of Makv shsll of iuNf be daem~d a tsilure to txKCis~ reasonsble pre. Bank shsll not b~ bound to
tak e any sbps nettssiry to prtse~v~ any riphtt in th~ CollaterN s~irot priw parties ~nd Maker shsll qk~ sll nKessary ~teps fw ~wch purpo~es. The B~nk or iri
~ nominee need not colbct i~terest on, a a principN ot, sny Collsttrsl a 9iw anY notice with respset to it.
e
~ The 8ank miy continw to hold sny Coilarnsl d~posit~d Mnur~r aiter tfN paym~nt of this Non, if st tf~ tirnt of tM payment and disd~srg~ Mr~of sny of
a the qarties lisblt for th~ psym~nt ht~of ~Aall bt then~dinctiy w oontingently liabls to tM 8ank ss Mak~r, endorser, wnty, guarantot w~ocortrnodstion psrty
~ o( any o~hu note, drsft, bill oi exchsop~, or oth~r instrurtwnt, or otherwis~, and th~ Bsnk msy thenstter ~xerciss all rights with respsct to ssid CollatKSl
~=an~.d Mrein ewn cAough this Noce shall have bss~ wn~ndered [o the MskK.
~ {i tM 8~nk detmt it1Ni ins~cun p upon th~ happNfinp of any of the followinq ~wnq. ~ath of whicA shsll eonstitut~ ~ d~f~ult, all lisbiliti~s of ~ath Mak~r to
~ c'~c 8ank, includinp the entir~ u~psid printipd of thif Note snd acuu~d innre~t, less ~ny una~rmd interat and s~y interest in excess of th~ maximum sllowed
~ by taw se~d sny r~ta rquind by Isw, s1+a11 imrn~iiuNy w H+~resfte~, st d+e opcion of th~ 8snk, ezcepc chst tM oocwrenoe of (c) or (dl ~hsll cau~e aueomat-
- c accelpation;without notias wdertund, b~oo~mdw s~d psy~bN: tM fsilure of any Obliycx to pKform any obligution, liability or dsim to th~ Bsnk, to pay
~~te.est hareon within 10days dta it is dw, w if t~ere it no dw d~tt. sfter it is billed or otherwise rpuesud or dertisntled, or to psy sny otMt lisbility whst-
soevr to the Bank wF~~n dw; (b) the destfi of sny individuN Oblqa, tM dissWution of any p~rtnership Obliga or tM dissolution, merpK or oontolid~tia~ with-
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:3 o~c cne Bank's pria w.i[ten consene of sny corponu Oblipo?; (e) th~ filing of a petition in bsnkruptcy or tM scljudicatio~ ot insotvency or bankruptcy und~r
w any reagsni=stion, ur~ngtm~ot, ?tadjustm~nt oi debt, dissolutiwt, liquidation or similar procMdinp ur~ siW Federsl w stsb statuU, by or sp~i~t ~try
~ Obt~gor; (d) an appliution fo~ tM sppantm~nt ot ~ no~ivsr fa, o~ tM makiry ot a~neral miqnrnent fo? tM ben~fit of uMitors by, any Obli~or; I~I tflt Mtry . ~
o: ;udgrtNnt ayainst a~y Obliyor ths issuieg of any attsehnrnt w q~rnishment, or tM tiling of arry li~n, spsinst sny propKty of sny Odigor, (9) tAe tski~y oi
" po;session ot s~y subscsntial part oi th~ prop~rty of a~y Oblpor at the irotanc~ ot any ywernm~ntal wMority; (h) t1+~ dete.minstioo by the 8srdc thn s maeK:- ~
b ai advers~ thangs hu otturred in t1» financial oondition of sny Oblgor (ronf th~ caxlitions ttt forth in tM m~t r~tent firqntisl statemtnt ot wth Oblgor
~ h._• etofore fu?nish~d to ths 8ank, or (rom th~ tondition of wch Oblpot a h~nto(on most neently disdossd to tM Bank, w th~t any wrrsnty, rpr~nption,
ti ce~c~f~caet w stattene~~ of s~y Obliyor (wh~tha eonaimd in this Nott or not) pataininy to or in eonn~etion with Mis Not~ a tM loan ~vid~npd by Ma Nou
s ~nrains a~ untrus statem~nt of mstNiN fsct w omits to stsb nrterial fsct nschapy in ader to m~lu th~ ststam~nts msde not mislMdirp; p, (i) tM sssign-
~ ,~ent by any Niaka of smr puity in sny of tM CollsiKal wieAouT tM prior wri~nn ea+~ne ot iM 8ank.
~ The Bank slull I~sv~, but shsll not b~ limitrd to, dN followinp riphp, ~ch of which rr~ay b~ exMCSrd st aey tirr~e wh~thp w not Mis Nott a dw: (il to
- c'edge w trantf~r Mi~ Nou and tM Colbtenl snd tM Bank tANI t1+Keupon b~ rNi~v~cl of NI dutih arid rapon~ibilities MnundK snd rNitval from sny and sll
~~cb~l i ty vwth resp~Ct to sny Coltat~rsl so pt~dpld or trs~itrtad. sn0 any P~~d9~e w trsnsfMN fifill ~O~ ~11 PN~DO!!s tiaAd ifl iM DlaCt 01 fht BMIk IIM~Yf~dl~ i~ld
% have au ~h~ nyhes of cM Bank herwndN; (ii) to u~nstu tM wAoN a u~y psrt of tM Co14taM into tM nanw ot iaeli a its nomi~; (iii) to wa th~ Coll~tenl;
~ ~ to notify the Obliqas of any Collattral to m~ic~ payrntnt to M~ 8~nk ot anY ~n+ouna dw w to beoorm dw th~non: (v) to d~nsod, w» fa, oolbct, or
ake sny compromit~ o? uttlemant it d~nr d~siabl~ wiM ~~fKN~co to tM Co1lat~rN; and Ivi) to tak~ posas~ion w oonnol of rry pow~d~ of Co14tKS1.
~ ~ a°oox 283 PacE 5~~ o a
NOTICE: SEE OTNER SIDE FOf1 IMPORTANT INFORMATION B00K2,81 P~~E2409
~ Fg5 7S2 qw. 7/77
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