HomeMy WebLinkAbout0581 u _ . . . . --t~.~ ~~~i1~ ~
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~ ~ - ~ - ~ INSTAILMENT PROMiSSORY NOTE - = `i =
• = - _ - ';~j.r ;t+'
FLRST NATIONAL SANK OF FORT PIERCE ~"'°""~~""'d •:i~_! 2
500_ QQ; :
- - - 6ANK NAM< _ _ (0) hMMYM11tOrCt~dit= ' I7? ~33 .
~ • . • . . _ - . UhlOisabiliq I~ . _s 1
Post Office Box 970 - Fort Pierce Florida s~a - 4- $Q -
_
oR~ic nooaus - IG) Otiw CI+uqM (~t«nis~l_ ;,'~s IIO~e,,,~_
. . : _ _ lE1 ~ . ' = noy~e ~
~oTE ~o. 11-7692-T ~ p/~TEp; ~ FCbruarv 28_ , is?$• (FI . i~One - -
~ _ • - _ ' - tc? ~?mow+t F~nano.d _ 2. 6~2~ 1 ~ -
DUE- - - Ma2'C~1 5 19
81 • (A, 9. C. O. E. FI y'~ s
• 489. 2?
_ IHI Ine~ntt . i
Pu?cE ~~Fort Pierce , FLORIDA ~t i^~..cg.ca~ s 20. 00
_ ~ t~1 an.. ~ = none -
~ Fo. w~w ?.c.~wo. a~. u+,d.~~+.a tn«.~~+.~ea caad ~M.ka••) jointly ~nd s~vt~alhl lif ~K? = none -
moh Nw~ on~) praniN to paY to eh~ wd~r of tM 8ank. st ia oMip lisad abov~. tM Tod _
of Feynrntslfrom(Nlat?iqAdof.~3. 191_40 _ oo~~,p.y,b~;n 36 ~V none ~ _
ww~ nwnd~h ~nsai~na ot t 88 65 . tt~ twsc INU FINANCE CHARtiE - 509. 27 "
.lH. I. J. K. U . _ • ~ _
~~swin~en~ dw on ~=.g, ~$Z~-_- . t~~, snd wb~awnt ~~~~r~nis ew on (N) Tont ot Prt?mM+n lQ ~ Irl1 = 3. 191 ~ 4Q -
cM~_day of Nch nqnM tMrwita. to4atw witA ~ fINAI BAILOON PAYMENT OR: = pNNUAL PERCENTAGE RATH ,~r 1- b8
s = None - Noae ~ , ~9 -
Th~ 8~nk ~hW im{wM a ddinpu~~tll dNrM Mwwt d+~ QAMcM on ~n1? D~YnNnt whkA fw b~o~~ du~ and r«n~ins in dMsutt far a puiod M~xa~Md t0
days in an snwunt qual to 5~ of d+~ anwuot of t~ p~incipN Wrt ot tM p~ym~nt in d~fsult. In 1M w~nt dyt tM Noq ia not paid in full at nypuiq. W p~
rn.na. wMd~K Pri~ebd. intK~t or otl~wiM. ~hall b~ iet~rsst at d+~ m~xinwm Ipd rau albwsd w+d~r tM lawa of tM Staa of Florid~. AM p~ym~ntt n~
her~,ndN shsll b~ asdiad firtt to inarMt snd d~+ to Vr~. howMr. in tfa ~wnt oi d~fault~ tM Brnk nNf?. ie? its foN d'acntioe.+~P~P~y ~Y P~lmw~t to =
interett. principM and/or liwful thiryM thMt ~ouwd. It i~ tM intM~tion ot tM Wrti~t h~r~to ihst tM prwitions Mr~in tMll not ptovid~ dinctlr ot inditKtlY
iw tM p~yment Of a yn~ar rsa of int~rwt a tM r~antion of sny o~Aa chsrg~ th~n a ~Ibw~d by 1aw. If, ta a~y ~~on, int~nst in ucaa of ~uel+ IpM r~a or
. c1»ep~ prohibiUd b1l bw ~hNl at any tinr b~ W~d. +~Y wd~ ~xaa shall eithK canstitua and b~ tnaNd a s WYm~nt on tM P~ineipN w b~ ~fund~d dinelfy .
to th~ MNcu. ' . _ _ - _ - . - . - - _ - - :
TT~t M~kK nwy pnp~y tM ~ntin unpsid bNsna of tM lo~n at any tim~. If tM Iwn is pnpsid in fult, soo~lust~d or nfin~no~d. cM Msk~r ~ ~~aiN a=-
nfund of tM unMn+~d portfon of tl» int~st and insunna pnmiums eomput~d by tM R~eta of 78's m~thod. ~xppt that iM Baok shNl b~ u+tittd m ~aiw
• mieimum intMat dwry~ of s6.00. - - _ - - - _
CRE~IT LIFE AND CREOIT LIFE ~ OISABILITY INSURANCE ARE VOLUNTARY•ANO NOT RE~l11R~D FOR CREOIT. Sud~ imwanaoorwap~it
avsilsbN s[ tM coa dai~ad bdow for H~ c~nn of che a~dir. W: NOf]@ for Chdit lif~ I~aur~nq (b) : i T?a 33 -
tor Cr~dit 4i~ 8 Oi~bility IepuanC~c - . • _
_ . _ . - ~ - . - . = -
Ch~clc ? Cndit UN Inwrst~ is dpind on tM lii~ ot ~
. . 8irthdstt
sox ~ c~.a~t ur• s o~~r~, i~,~,.~,+o. K~~.a Harry C. Hubbard, Sr.
- e;,tna,a 2-17-31
O cna~t uf. «+~o. o~ai~nr a.~..d.
o,~.: February 28,,, 1978 sg~.t~..
sqMn,..
As s.a,rity ta tM paym~nt of M~ Noa cM M.IcN Mreby qrsna co tM Bank s s~cwicy inte.~a in M~ tollowi~g propern: ~
UNSECURED with second mort¢a¢e on real estate as additional collllateral
i See over for ~.gpertXdeacription "~~"~"~'~~~~~'r~~~~Mrw~~wr~~~~~.~w~~~w~~.~w~w~~~~~
C inctudirq all inpwM, substitutior~s, raplat~ments. additions and sooessions the~eto snd in the prooeeds tAartof ~Aere~nstter tallld "CoIlstKal"1. This sscunty
i ~nter~st tA~tl slso s~tun ~nY oMK indebtedness tx lisbility Ot tM Milc~? to the Bsnk dinCt ot indirett, absoluce or conciny~nt, due w co becan~ dw, now ex-
` ~stinq or hKpftM arising, including sll tuturf ~110lf O? (Oif1i by tM B~nk t0 t11~ Mik~f.
~ ~
~ The Bsnk is slso yiwn a lien snd s tsturity interest i~ MI prop~rty snd s~cuntiK ot th~ MakN, endone~, wretY. 9usrsnto? ot sccortKnad~tion p~?ty ot thit
~ Noce (Aueinsft~. r~f~rnd to ~s tM "'Obli~ors"l, now i~ or at any time her~sfc~. ooming in[o [fa control, arsc~dy or pos~euion of che Bank, wAether for the sx-
press~cf DwP~ oi bNrg w~d b1? tM 8snk ~s CollatuN. w fo~ arW oMar purpws, snd uPO~ ~iMl bslanct or balsncss to tAe credit of any aoeouna, ineludiig
~ trust and apencY sCOOUnts mtietsin~d withtht Bsnk by sm of the Oblgors. ~nd d~e Obliyws spr» to dNwer to the Bank sdditionsl Colbnrst or rtukt suth
~ paym~nts in reductip~ of tM principsl smount of tM loan ss sh~ll W atisfsctory to tt~e B~nk, i~ tM e~+t tM aforem~ntia~sd Collateral shall d~cline in valve
or b~COrtr unsatistsCtorlf to tM Bsnk.
Additiom to, nduetiom w~xd?~rq~s of, o? wbstitutions tw tM CollaarM, psyrr~tna on ~ecount of this loan or incre~s of th~ ssrn~, w othe~ losns mad~
~ part,slly pr whplly uppi~ tM Coll~tbN, m~y fronf tirm to cirtN b! rt~sde wiMout affKtinq M~ provKions of this Note. The Bank shall exerc~se reasonsble care in
ine custodY and pr~rvation ot tlw ColbtaM to th~ txant rpuihd Cy applicabl~ ststute, snd tAall be damad to have axercisad ressonaWe csre if it tsk~s such •
3cc~on tor thst purpoa a Msk~r shsil rpson~bly ~t in writi~g, but ~o omission to do sny sct not rsquated bY Maker shall bs deemed s fadur~ to ex~reiie
~easonabl~ a?e, and no omitsion [o complY wid~ anY reqwst o( Ma1c~r shsll of it~Nf b~ d~sm~d s failun to ~xerciss nssonable qre. Bank shsll not b~ bound to
take any steps n~owarY to pr~v~ sny rgAq in tM Co1latKS1 a4aimt Drior parties snd M~tcK shall Wa stl nec~ssry steps tw wch purpos~s. The B~nk or its
nomin~ ne~ not oolMct inn?~st o~, a s prineipN of, any Collamal or yiw anY notia with ?ap~et to it.
The Bsnk miy ContintN to hold a~y Collab?~I tf~pOSit~d henundir sftK tM Wyre1~K of this Nott, if st th~ timt of the psyment ~nd ditefiar~ Ner~ot sny of
chr putias I~sble fw tM paymtnt Mnof ~hall b~ tMn di~~ttly or oontin~~tly Ii~tiN to tht B~nk at Mska, endorser. wrety. gusrantor or atco~xnodation party
of a~y other note, dntt, bill of ~xchsny~, or othw i~st~um~nt, o~ ocha~wis~, snd ~ch~ Bsnk mfy theresitK exercis~ all righn wich rapact to said Colls~asl
~ g~antd hersin s+r~ thouyN thn Not~ sMll hsM b~N~ wrr~~d to ths Ma1ar. .
f f~ Bsnk dmrrtr itsMf ins~cun or upon tM h~pp~ninp ot any of eM foltowiny ~nts, ssch of which sANI constitute s de(sult, s11 liabilities ot qch Mslc~r to
~ tne Bsnk, itxludiny thf Mcin unpsid prencipN of this NOa N~d soau~d int~rpt, lw ~ny unwrrNd inter~st snd M~y innrest in ~xaess of tM mixirtNHn aHorwd
~ by Isw snd sny reb~tss rpuird bY 1aw, fhMl inriMdiaUly o+ N?enaitlr, at the option of th~ 8ank, txoept that d~taccnrr~tio~ of (e) or ldfshNl Ca~~ automat-
K accelastion: w~tl~out notio~ or demsnd, b~oonN dw snd WY~blt= tM failur~ oi sm Oblipo~ to paform sny oWig~tan, lisbility a daim to tM Ba~k, to psy
~~ce.Kt Mreon wich;n 10dsys afea~ ic is dw, a if Men is ra due dan, siter it is billsd or otl~uwiss requ~st~d or demsrxNd, w to pay sny otMr liabilicy whst-
~ soe.~e~ to the 8ank wMn dw: (b) d~e d~sth of MMI N+dryiduN Oblgor. tM diuolution'of arry psrtn~nhip Oblga w tht d"a~otution, m~rq~? or oonfdid~tion witM
g, ouc tM Bsnk's pria writt~n consa~t oi sny torpwst~ Oblipor: ld tM filiny of s p~tition in bankruptcy a tM adjudic~tion of insolven~y or bsnkn~ptey under
~ any reorQsnization, art~rtrnt, rpdjustmMt of d~bt. dissolution, Ipuidatiw~ o? simila prOta~dinq undK sny Faderd or ststt st~tutl, by Or sp~inst anl/
~ Obligor; (d) sn ppliqtiw~ iw th~ appointma~t of s nqiva tor, or tM m~kiny ot ~ qeneral miprwtMnt fot th~ b~n~fit of u~ditors by, any Oblgor: (e) tht tnfil
of jud9rnenc sysinst any Oblgo~: (f) cM isw'Ng of M~Y mschm~nc or yunisheNnt, or tM filirq of ~ny liln, spsinsc sny property oi ~ny Oblippr, (9) tM tsking ot
~ possess~wi ot sny wb~tuntial put o~ tM p~opMty ot sny Oblga at tM iiutand of any qowrmnn~tsl suthaity: (b) tM Wtarmin~tion by th~ Bank that s msari-
~ al adwrse chsnq~ has aoaund in tM finsnciN aondition M snY OWqo? iran dN coneficioea wt tath in tM most neent finaneial aat~nrnt of wd~ Obligor
~ r~retofw~ fur~id~d eo tM 8ank, o~ from eM eo~ditio~ of wch ODlga as I+a~tofon most npncly didaed to dH Bsnk, o? thst any waranty. ~qraM+tsta~.
~ certifitstt O~ statem~ni ot sny Oblpw (wMd+~r eonuiMd in d+is Noa o~ nod D~inirq eo or in oonn~ecion wieh chis Noa or tM twn w~d~ne~d bY d+a Noa
:.as+a~ns sn untrw stsc~nt ot m~uriN t~ec o? omib co stat~ rmwisl tact n~oa~u~? in wdr. to nrlu HM stac~rwna nwd~ not mislMd'w+~: a. (i) tM ssagn.
ment Dy snll NbWt of anY ~4uity in sny of tM Co14t~rN without tM Wior rvritt~n eons~nt of tM 8ank.
~
Th~ Bank sMil hsot, but fhs11 not b~ IieniNd to. tM followinp rqhtf, pd~ of whieh mty b~ ~xKeiNd at an~r tim~ wh~thw o? ~ot this Noa q dw: (il to
~ o~~ or tnns(a tbis Not~ and tM CollatsrN and tM Bank thsll tMnupon bt rNi~wd of Nt duti~s snd n~ponsibilitiK Mnund~? and ~Nitwd fran siW ~nd NI
i~aDility witA rap~et w anY Collaeasl so pl~dq~d or vseafund, and anY M~dpN w transf~ slull for all purpw~s stan0 in tht plaa M tM Bank I~woda and
~ hsv~ all th~ riqhu of iM 8~nk hM~~: (ii) to V~nsfM tM nA~oN w sny pMt of th~ Co11stNN into tM n~ oi itsNf or iq nominN: (iii) to wt~ tM CollaterM:
~ (iv) co notify tM Obli~s d ~n1? Collarnat to mNc~ WYm~nt [o tM BaMc oi sny anwuna dw w to bcaf» dw tl+a~on: (vl to d~nwnd, w~ fa. oolMct. w
msk~ snt? oumpromi~ o. ~ttNrtMnt it dMns d~sinbN wieh nbr«+o~ eo dM CoHatuM: and (vi) to wn o~ a eonvo~ d ~n1? vroa~d~ ot Copsc~ral.
y` . , , ~ .
~ , ~ . - - _ : _NO?1CE: SEE OTHER SIOE fOR IINPORTAIYT INFORMATION ~ y ~ , ,
~ _ , . . . - • . -t~~ - ~ ~ •,--t=. _ _ ~ =
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