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HomeMy WebLinkAbout0767 ~ ~ !tl•r. f!i t _ Ij~ - , ' - ' , i t. ' {~i ~ i~' - ^ t~~ . ' . , . - . INSTAILMENT.R3Q VIISSORY NOTE - ~ 'It : ~t;~~" '~F - _ . i _ ~i: t . - ~ ' ~ . , r ~ - ~ . , S~-•=~i• • ; ~~i~--~1~! .1 = 1i1=~-= i~i ~t:! --~{i _ ~~1 l~! =~;1~ 1~ _ :ii _ ~i~ ~1~ - ~ - ~ - ' ~UFNSEN BEACH `BAN~C~,-'~~+~~= 1!!~•'~lit -1~1~- ~{f 1~---~l1~---~~{t-_ ~1~A1 Ai+iount~i~'tii'v'id~~sjl- ~1i=:~=11~'~ful_`t~A_~ : - : : _ . • - - . , _ _ tN ~ f~~ :r !i' BANK NAME: ~~i ~ ~ t 1=~-- ~•t' :IBIjPr~niiumfoi.~Wi~i ~ ICI~~ 1~1~~ f~l~°-li(-=-ii' : 1; ~ . . . ~ . . . . • [it. Dis~ ibc IM ~ -s'iri~ _ d~, t'= ; ~ :~~'..':~~.ty Y~r='~I~i ~'~=-t~1~--1~1 'i~1~=1~) =~~if==~i~l=-~t3.. xt~,. Y.. .YH,-~1~~~.~ ~ ~ _ __~1939.;Gommerc~a~1•.St.3'':~ensen~;8each',-:F1: ~'~i3457~-:~i~' _'!r '~cl~bacLt~~~,~'.~,~~'sta~,~pi~'{~! z•~+'-'*~~~~.~,-. _ _ _ _ •oF ICE A oR s_• . . . ' . ~ _ • . . ~ ~ ~ . ~ , ~ _ =~;,'-~ifi~ ;~ji= 'il~'-~it~-_ ~~,~,~~g~ ~~,i~i-~;:?t.;'i~~.= iti ~ r;~ =~1~~ ~,jp,~o~h:.~~?~~~~.~;f~---~ s-' NoTE iJo,.=.~l~ ' ij{,~ t(t,='ti1=-T~f ~ !i1 ~ ~ tl~ .~1~1=l~t=-~~Ii-11J'~ I =~~?~r•-: - ,~L~. ~•~~t~~•~t~• ~~i~.; ~ pp p~ • . • ~ . - • • ~ • • • • • ~ - i;~ ~ ~ 1'-•i f-" ~-^t 1-""i 1 / 1 ~ ~ •t ~ r =~1jT~.~l~ : '~~F~_ ~h~~ tlt~~ Ili~tlt~~!=M.tl~ 111~.~ ~l~~~i i~.~ .1 .1 1 ~ ! . . . . . . . . . . . =~~~~'-=:!{r~iji., +~a.~ ~~i=-'~ji ~:;i}~;~ i1~:.~jt---t~t,r't{i =~ii ~ ~~i Y ~li t =:~~?i~?~~~~~~.dc~~;~ =tli ~ ~;~1~: ;'!s ~ .L7UE: . . _•.i•~.•.~ ~.•.t.•.~•.~.'.~.~•~..•~1:-+'~ti 1: ~~B~Cj~I~~~~1~`.~~' ' `'I ~~.~T.~'~5~~~ ~ { 1 ~ ~ i ~:~!-'-~1~t-' /i7'r j • ~`~s~~~`~~=~'~• • { • • • ~ ~ f•~.. ~ ~ . . . H~ nt~~ -s' • - • ~ • ' s :-•;~i - = - ~ r - i1i-= ~j~ ~;z1~ ~ +ti ; ~~t ` t~i-~l~ ~.tir-i~f = t ~t~ = ilr~,t~~,~ ~ . _ -},r= a~ACE~ - ~ •~Jensen ~B~ach. ~ ' 11 iL(ovi~~ o~ - ~ - ~ , _..~i..:-,, w . _ !tF~~~~~?r~t, 't,! ~lti;~-,+~~,= ; i ~ i~ i .b .?i 1.•_. y. ~ ' '.t ' • ' t~~~--' t~~ ~ z ~ ~ ti~~ ~1 1~~ ~ l 1 ~1Jl.~Othitr~ t ~ _ ~:for_value.Jeceived.~thiti~denf~nid~IheninshKUl~d.''Maki~;lloinTy~n~severali ~f= ~ ~~-.'?r~~' " • ~ ~;oretnen.ooe~piomisitQpaytotheiqrdK~of:tl~6ancT-.-ac_Itsbfficeli:e~dabore,-~hefiot3l'~i.-'i~Kl- t -~i~ _ o! Payments~Itrom /N)~stai9hL1~~ ti~d:17sJ8~ s~~ tt~~~rn po~lirswyibl~]ni~:~ j• ~=1L~{~ ---~~~~~.1.'--'~~~~~~~r, . ilt•s : e~~ua1 monlhl,y ij~:ti~lrnent~ol.3•~~ ~45.98?+=-+~i---~It~~ l:i~--11t---it~=~he- ~~~sj;~ ~~lM1~FINANCE-CHARGE~:i~~=~t~-i ' ~ • 't~ : _ -1~ r ' • ' • ~ f . . - 1~ t Ii/ ` e~ - t~l " f~1 ' ~~~*~;_K+:L.1 ~ l ~ ~3~'~~. : ~.i•-~ ~ ;ns~a~Iriient~d~ue o~.:.: ~1~:.: ~ i.: i11---1~{ 1-^ 1}s - ~ 1 - = = 1 ~ - " + ~ ~ s~ibieyuent i~s oiirrients.aue on= _~4 ' 758:80~ ~ ° t •~~Q9~~~ ~ ~1 ~ s ~t~ r~ - } t~ '~lNLTotil.oi~Payr!ie~f~~G,tiM~_~$ + - ~i - zhe= • • •=daV.of ~ac1i month theieLiter• r,vwt~~~IN/~L-$~?~ZODN~A~?~fMENTOF-. ~ . ' . ' " ' . ~~s ~ NONE = ORl =1is ~:p~E• i!! .-r l~t ~ 1~! ^ I;) ~ = ~ I~I t~l :r " ~,tl1~.' ~=ANNU/~L.pERCENTAGEiRATE'w~g °t~=%' - - ' i-_ ;i i{I ` it~^I~i•_' ~~i-= 1(I.-=1~{~ 'i~i-1~1 K 1 ! ~ (e~~.lj! ~ f ! _ l~1=~~~ = ~is,~ i~~~: ~ t~~._ a;:~.::; ,•...r: • .Y ii "~xcest ot~1 Q:'( f ~ Tne Binkshsll impose a•~el~nquenc~?'~ar~liP~'nt}lf~10~~"~'`"=4°~~m~y~{~~ ~Ibecoin~~dui ind_reTaii?s ~o=detau~~ tcrape.io~l i _ - davs.in an'BnWY~nl'lquil. tO.~J~L"iOf;thQ,11'IQU1f~to~.tt~eprinc~pilp~rto ~epsy nt ~de r A A Q,tdi ! 1 ~ mencs.' whetAer inci 1 ~ ~~terest ~ Fs~ bea ~ 'tei> ~ ~ _ ~ ~ ~ ~ ~ ~ ~y~~ ~ ~ 'f~~•w1d'M' u 1 at rt~ituijty:.all pay,z ~ ^ . w. 'o!=4th~iw~tstf,i I c n est~sr~be~maxihw?i!'~e~~;y~t~~!~•4RdK-~ ~;~t~F~~uu,4 FJo(jdi~Al.l'~`ayrr~enumsde_• _ _ hereunder;;hall be creditedtit=t~~or~tes4st.bn~ 1liercto;~rincipal;]~oweve,r;li~+'tht~~'ve~jt~di•defiir~i; t1i~.~sp~jniy +rc»tssol~di w`~pplysny~yment to= ! _ ~nte~est,"prineipal and/or IawlulxKar IAeri wd Jt ie}Di n_ - ~ , 9es ;~ttr Yis t1ie~4s~^tiojjpfiliF,psrtiti{~ere}b_t[~a~llie.pidvii~aiii~ereinsTuilnoiprovidedirectlyar.indire'ctlj?;: :~=.ij -'o- the payrtment:o( a giester iate~o~nterest or'~h~.retenirOn~bl~~i?y othei t?~arQeyl~anis:sllowed by'Isw~1~}~o~sny~~esion,jinterest~ r~gess of~~uch.lfgsll rit4~ = :+'charge.prohibiled~by law~shsll ~t any-time be paid sn'y_s3~h'_ x~eu~~1( eithe"i consutuie•and be treatecl ai; Ymencon-ihsDr~nCWSI or raf y~nded~dirZctly'~' - to the F~Aaker.~i - ~ 7 i~ 1 ~ f!~!!._ 3 3~' 1: ~1 ~ t{1 1[ ~ 1 .j~~ 1 _ 1ii ii4- .-1~1~.:: 1tt.~i1~ ;~i~' ;li{: . ~ . ~'+i ~ . . ~ . ' . . . + ~ . - • - 't~t ~i~ ~ r~t ~ ~ ~;i - ~~i' ; 't!i = = t!~ ='tf i - '~!i ~t~ f_'~ii ' Tne-tNake~ ~nay piepsY the enti~e unpa~d balsnce~o~f_the.lo~n at ~•~u~ne'^If, he_losn. s• epa~drin_(uR ~aax~iated or ~efuisncedt~t•Maker stis .receive' -~Ft;,nd ot ihe unearned"poit~on bf ttie'~~terrii and,+nwrance prpimurrig cpmQirt~d'f~jJ ~he ~tJte of 78's method,except that.the BanK 11 n4ii1 t r~ ~n'' = m~nimum intlrqt at Of • ~ Sha ~oe Q_ ed O U~ ~ cti ye :SS.OO.i_.:Ei~'~~~s--It,---ii+--l~1---lj~~~li~~ljl~~l}i =t!} =i~1^1S~~1i1-=f;1:=l;i--ti+=-iji-=tt;----?'.i- _ CREOIT;LIFEANO-CREDIj~1_IFE~d~~DISABIIITY- NS• RAN i~l.'l7t~T~AR ~-''i 4it -~~'r~'-~t~:~"~•:: ~ ~ ~ , J U CE'b1RE1j0 Y~AND NOT,REQUIRED~FOR~CREDIT.~Suc~F' ~mw~ancet`overegeis ~ availabieet:thlCbstaesignatedbeloWlOr.thetlrmOfthe~eredlt~(~~~'~'~~~Q~~~t+~t;j=foi~radit'Liielnwrs~telbl~,l-j~~=i~1= ei'=i:i--i!~ - ~or C~edil LitlBD~tibil~tyJRiurinCt 3~~ =~1~; ~jl-':s!' ~i{I~"(fi = ~ i!! :'r~.~~!~S~:tr~1t.L kN~lty :~1f~}Y-+i~l"{('. :it: _ ~ C~eck_- ~~~isifiLlife~lnsuiinee~isdeiire~on.the"liie~o'f~'•'~•-'-j~,•~.•It~• =iit'":{t ElWODC~~~ orr'i~SOCI'~,=•1t•,==.'~c !~1 ~ ~~i.._ r. _ - Appl. . l~i•'~-:1!---~~{~.~~~= •1~i•`-~~it'^"li~~.~?~..~'..=:i _--~ti-: ~ °.:i-- i- ~ ~ . • _ V ~ ~ - 8irt ate ~'nx ,!D:c«a~titf = • .r - },~_...~.f~i~i_~, ~ ~ t' :1 - . _ . , e dc:Uisability=lASUrsi~ce`~s desired on` - . -~,~t ii; =1i1-=tli = tIE ~ i;! ~ l;;=~ ti~'_'~;' ^ - * ~ - - - _ , - _ . ~ . ' . . " -8ir hdste•~ ' ' ' . ~'1 ` ~~l.p~ ~tzj,-.,~r~'^ ~;1 ' '!i ijl ~ iii ~ _ ,~^'-~~r ~ - _-'•e: ~ ~ :e' 0 Crttljt~L~fe,and w seb~ ~ty InwranCeis nbt desired-. ~ _ _ ~ _ _ _ _ _ ~ii- i}i-^lji...."~~`',~:~ ti~'(;~ 'ij~.:'~~i..._t~•..~3~ _ - 'i---tlf- ` '::~-.it:~r'~~~ [)~te+ . ~ .i• :i~'-~{iiSi9niluie±~' - '4 ~ - . : . -_~=;i~=~s~i~-~~t~+ ~!!i ='-tft--~'tj;-l~~'_ t1i=f~,' ='l;i~1WQO,d~?t~Morrison~ ~ •`~~=-;j~ ~ F~: ~ i~! = _ -~i , :'~~si~_'i;i~ 'i{' ~i:}~'i~~.."f~l~'Jl~~=~ij~=~~-$iynatuR'tIl~__ !i~i!~~..~f~t~~l~i~i~i~~.i3i-i~ __•I~i,=_~il~~~{•--•'~ ~ t+s security:to:-the_PaYmenioi.lhe:Notcthl~Makecherebyyrants to?he Bank;a"secutlty;nterestin'ihe.foilowirigproperty:'- i~~ ~ - i'~ = ` Lnt' ~i9~~'Spctinri~-T~~~~ ITDOOR - FSnR'i'S =pF''AMERT(:A'=as=~c3psc'rihP}1 =sn~ sa~H=moTt;y`g'y 't:- - - - - . - _~.t~.~!tM~: ~i " t~.--=~: :ti--t;: p _ ; r.~iud~ng all ~ncreases,substituiions~Yeplacemenu,:add;tions•and sccessiont'theceto•anef~in the=procceds thereofyhereinaftercallec( ='Cotlate~al"~-fhissecu:ity nrerest shall-also secure any other ir?deb[edness'o?.liability;oi~l?e Maker eto~he!Bank di.eCt or-indirect; absolute.ortontingentj dtie•or to become due,-now ex=; s-~ngorhereaiterarising,;ncludin9aUfuturesdva~cesoiJoansby~theBank•=. t k ' -'f~~" ~i~"_ ~~~";~~i~- - . i _ - - . - . . , o heM7! er-t~ • = ~ ~~fc~~ ';,l~~ tt'~ ~ The Bankis•stso grven s~ hen and-a~cecu.ity ,naresf~in_'a1l~prcipei~aodxcuritiei~otihe Maker;encforse.,w~etY,,9uarantoror aocommodatron party of thes ^:oce thero~nafter~eterred to.as the "Obtigors"),+~ow in crat snyrtime hereaftectoriiirg into_iheeontrd, custodyor.possess~onof'theBa~k,-rihether.for the ex-_.'.?' ,•essed purpose of being used by ihe.Bank'ss'Coltateral; pi ipr any-other purpose; and~upon any batance or'balances•t0 ihe cJedit oi•ahy aocounts,-inctuding <<us;.and agencyaccounumainta~ned w~ththe Bank by any 4f the:Obligors;~nd the Obtigors agree to delive?=to'the Bank~dditionaf CoUateral or make such pati men[s. in reduction o('the pr~cipat amoun~-of tt~e-toanas shallbe satisfatiory;to tl?e Bank,.~n the evenE-the etorementioned Collatera! shall decli~e in value - become~unsatisfxtwy to"the 8ank_ _ - _ - - - V _ _ - - - - - - . ~:f' -•r~ - - -i• -si:_....i~34~f. ~ - _ ~ ~ • ~ ~ - Additions -to, reductions.or ezchanges of, w subst~tutions~for the Collateral.~payments on auount oi thii toan or~increases of the same, or other loam made - ::arc~ally ni wholly.upon thp Collste~bljmay from~time to time be macie without atfecting the provisions of this Note. 'fhe Bankshall ezeruse ieasonable ca?e in ~ne rustody~snd preservation of ihe Collaie~sl [o tFrc eztent required byapp?ipble siatute, and shall be deemed to have exerciied reasonable care it it takes such _ - ac: ~on -ior: that{wrpose as -Make~-fl~all r~ssonaE~ty. request in wricing; but no omission to=do any act not requested by Maker shelt be dcemed a failure to exercise r easonable care; snd .no omiuion. !o comply~nrith amr request:of Maker'sAaU of itself be deemed a-iaiture io.exercise reasanable care. Bank sha!! not be bound to _ -~axe any steps neceuary~to Areserre.sny~ipitts~~n ~he~o!latersl.agai~st'p?iot parfies sr~ Maker shs11_take.all.aecessary steps for wtA~urposes.The Bank or its ~~~m~nee need not collett intereft oit; oc s~ri.nc 1~of~srry Collstaal oC9ive any ~notice with Taspec ~ - - - t.io-iL- - - { f 2 f . . Tne Bank may continue to hotd so Collste ~ ited her ' 3~' i.i f?, 32'~-° 4{; ' i?~ = t~: ~ l;s.- !;t - i Y~ deRos eunderta cer iFie payrt~enYOf, Mis Not_e,' jf at-the jime ot the payment and diid~arpe hersof_ any of tne parcies Iwblefor the~paYmentt~ereolsha116ethendirectly=or.con'tingentlyJiabk~toilieSankas~Mske~:endorse.,w.ety.guuantororaocommodationparty i - os a~y ocher•nou."dra}t,•bill of _exd~ange.=or,other;instrument; or. otherwise,?snd~he Ba~k-ri~3ythereafter exercisb ~afl.iights:with respeci.fo said~Collateral . : ,-amed hereineven though this Note fhall.hsve bel~~ wrrendsrtdip7heMake(i _ ~i3 ,=1={ ~ i~l = =!(i ~ 1(1 ; ~ ' _ :EI ~ il! = _ = ; It tne Bai?k deems itsett insecure or~pon Ihe h~ppenirig Of~sriy d the following e'vents, ead~of.ihAiicK shall Constitute~a~detwlt,-s(I lisbilitiet o7 esch ~Vllskei~to - +r:e Bank, includ;ng ~hs entire unpaid principal of wis.Note and scuued inurest;less a~y unearried+n~eresi end spy; imerat iriixcess of tAemaximum allowed 1 r: y!aw and any •rebates reQuired by Iaw,-"shall ;mrnediitdy or.theresftey at the optioriof the.Bank; except th'stlhe oaurrenee pf (d oi ldl ~Fisll=ause wtanat- ~ i~ - celeration:witbout notice or demsnd, becomed~ie snd psyabls: lalihe tai~ure~f anY.Obfigo~•co.puto~ni:any otiligaiion:l'ublity or<laimto the.Bank; io pay-', f!i ;~ce~est hereon_~within lOdays after ft:is dut, or- if there is no due dste: site~'it,~itkdoiotlierwiserequested ordemand~d~ orZOpsy arryother_'lisblityrvhst-~ ,cever to the 8ank wf?en~ue: lbJ tAe desth of anY_u~dividual~ObT ~gor-or ilw tfissolution,merge~oro~nsolidst"~onwith-~: f go~ the dissolution~of.aMy_ps~tnuship.Obl' . i c,;,c the Bsnk's prior.w.itten co~se~t ol sny co~por~ce Obli9w:~Icl~the tilioyot'•petition inbankruptcy~or.tAeadjudiptionof insotvene,yabsnkruptcy-under ; ~nv ~eo.ganizetion, arra~gement. Tsadjustment ot debt, dissdutiori; liquidstiai ,or.sim'ilar-procaeding ur~de~-w~?y.'Federal ~r sUtt ftatute; by~r apainst any O~: i~go~; id)'an aapliqtion forshs sppointrnsnt af i reoeiver tor; or the makiny di ~a genent auignment ~tor ttie benefit ot cr~tois by,any,Obligor ~e) tht eniry ' c' ;udgment against arW pblgot: ~fl•tht iuuin9 oi sny-sttachment or.yimisFimenT~ th~lling of.~nyTien, against'sny'piopettyvf sny abipo?:Tgl the takiny 8f ~>session of any wbstsntial part of the Property of_anY Oblipor~t.tM7ostsnci oFany poreinrt~enql iuth~xity:~h1'the deurminatiaff bj!~e BaMc thsta mstai-.:. _ a~ aave.se rhanpeJ~as_occurredln the.ti~ancist coridition nf iny_~OWqor(rom~the~corxfitaris~et~fortfi inihe most reunifinsr~ciil~ctstert»nc~of sud>>OWgor ne~ecofwe• furnKMd to~che 8ank,~oi.from~the conditionaf_wch Obtigcx ~s heretotore mos[~cecencfy disdosea tat~ 8sn or..thst sny yvsr~anty~represenatton; _ ~ ~ certif;ute ai sUtement=pi inYj,~bliyoi.lwhetAer oontsin~d M•thic Note onnot?.DertsF~iny ta or i~tonnection witli This Notebi t1~e~esn ev~de~?ced by tfiis_Note'~'. consairrsin simrue sntement oi. mataisl7act~oi-wnits to sute~teriil fsct ne~issary in orderto makethestatementi rnsdrn6t,~n'~}IesdinD; ot;llil Zhe ~ssipn--~_= ~ e n t by sny Nl~ka of ,sny. lquity jrt sny,of tF~e Collatenl without tM prior written content of The 8ank. f i i-- i~ f~ R!i t: ~ _ - Tne 8anlc~shall.have,~but-3hst1 notbelimitedto duidlowi~ r , - ~ . • . ~ . - • _ , . ~D _!4hu, ~ach ot:whicF~my ~e;exerc~sed it sny~irtii w(~~U~er~:noi~tlia~lloce es'clue:-fi1 m_.. p~ edge or arsnsi~r'thit~ Note and the Collateral and ihs Ba~lc ~fu!! thaeu~on'be :alieved oi sll duties and rsrpo+uibilitial?ereuridei and rNi~vad frem inyand ~ll ~~ab~s,cy witA nsp~et•to iny Coilstarsl so pledgeA pi tnruferred, snd sny pledges ortranstaee shall tor~ll purpose: sca~rid inth`eplxe o! tl~t Baok.herwnda.aod ~,a~e su. the ~ighi: pt th~ 8ank h~re~ind~r,ii1 to uansfw th~ whoh a. an~_pa~t ot the Co1lat~rd into.~he nsme dt iuer( ac ''m naminis'; (ilfl.to vote tM CoUatenl: t~vl to notify'~M Oblipps of. iny Colbt~q! to~mrk~ Paynwqt no ih~t Bank. of eny ~mounes~due orm:become ~ue tMreonf~v) ~co derna~d, we Jorj colt~cc, o. m3ke eny•comp.omise oi'sitd~nt it d~emt desir~ble withtef~rsno~.to~bt CollatcrsY - . . i - t ~ i i i t , --1. s ~ : . , • _ , ~ - - !u!d~fvi~ Ro'Zskt poss~stion +o~ _tonVOl-ot ~~y proC~eds ot ~ollat~rd- - ---~i!~-i#?==~;t~='o~f'-=~}i'--=~#~' ="~;:='t1~~-.-=~j~--~;~;~=",ii ='i~;'=+1~'='i!:'='3~."=t!=~~~~;'~:;?~---~ti'=i;:~-=ils'=+~~-- = ~ = _ 'i ~ i - - - :i;'= t~t' - ~ :t - = - - NOTCE~SEE DTHER•SIDEFOR IMPORTANT•INFORMATION ' r FB5 752 R~v:7/77• ~~'--•~i{~~'ii{• =•~i! ~ li+- =-I~~ -~:jt ~ :j' ! - i'•-~'~~~.a~. ~ :i~ - - . ~~11~ 1~1 - . . . . ' - . ' - _ . '