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Home My WebLink About0791 INSTALLMENT PRUI411SSORY NOTE lt , FIRST NATIONAL BANK OF FORT PIERCE tA~ A"'°""e R"°'~~i 120 Mo. lon ~$Z~Q~ 00 BANK NAME I8) P~tmium (o~ Credlt i • Lit~/D~sab~i~ty Ins. S 1. 500. 00 Post Office Box 970 Fort Pierce, Florida ~c? ooc~~,.~t,.,,s~~~ s 32,~25 OFFICE A~ORESS (p) Ot1+~ Charg~s (itemittl S none n,oTe ao. 24 2873 3 ~E~ s none ~ATEO: November 30 ,1977 ~F~ s none oue: December 5 ~c~ Amount Finant~d ,1987 . ~A, s, c, o, F, F~ s 13. 532. 25 IH? ~~~e.KC s 901. 15 P~ACe: Fort Pierce , FlOR10A aed~t i~~,.~~~y,c~o~ s 25. 00 o.c.1/~,y S none for value received, tht undersigned (Atr~inalter call~d "Mak~r") jointly a~d sev~rally 1i1 (K) s none more ~han one) promis~ to psy to the ord~. of th~ Bank, at its otfict listed above, th~ Totat of Psym~nts (from (N) st ri htl of $21. 458 40 120 s none 9 • ~ Dollsnpaysblein ~M~ F~NANCE CHARGE enus~ moo~n~y ~n:a~imencs o~ S 1?8. 82 , the lirs~ lH, K. ~I S 7; 926. 15 inscallme~t due on J8n_ 5 ,19~, and wbssyu~nt installments due on (N) Totsl of Payments (G + M) S 21, 458. 4~ ~~+e_r day of each mon~h [hereafter, togetMr with s FIN/?L eA~IOON PAYMENT OF: ANNUAL PERCENTA6E RATE 10_ 00 yjf, • s- None ouE Noae , ~9 Th~ Bank shall impos~ a d~linqu~ncy chu9t sgainst the Mak~r on s~y payment whith has tkcwtw due and remains in d~fsutc tor s pariod in ~xoess ot 10 days in an amou~t pual to 5% of tM amount of tM principal part of the payment in default. In the event that tbe Note is not paid in full at maturity, all pay- men•s, wheth~r principal, intertst o~ othKwif~, thall bsu interasc at th~ maximum leyal rate allowed under the Isws of ths Stat~ of Florids. All psym~nts made . hereundK shall b~ credit~d fint to interest and then to principsl, however, in the svant of d~fault, the Bank may, i~ its solt disuetion, spply any piyment to ~~:e~est, principal and/or tawiul charges then scausd. It is the intention ot the parti~s hereto that the provisions herein shstl not p~ovid~ directly or indirectly ~or the payment of a greata rate of intenst a tAe retention of any other charge tAan is allowed by law. If, for any nason, intenst in excess of such legsl rste w a charg~ p~oh~bited by law shall at any tirn~ be paid, any wch exceu shall either co~stitute a~d be treated as a payment on the principsl or bs refun~Md'directly to the Make?. TAe Mak~r may p~epay the entire uopaid Oalance oi the loan at any time. It the loa~ is prepaid in tull, accele.ated a refinsnced, the Make~ shsll reeeive a refund oi the unearned portion of the interest and inwrance premiums computed by the Rule of 78's method, except that tAe Bank shall be entitled to retain a minimum inter~st charge of ~.~0. CREOIT LtfE AND CREDIT LIFE d~ UISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIREO FOR CREOIT. Such inwrance toverage is avaiiable at the cost cltsignated below for the tam of the aedit: (a) S 1, 500. 00 tw Gedit Li(e Inwrance (b) S None for Credit Life & Oissbility Insurance: cn~k ~ Credit Lite lowrance is desired on the lite of Louis Richard Hane s Avp~- ~ e~.~r~dace 10/ 17/33 ~ Box ~ Gedi[ life & Oisability tnwrante is desired on Birthdate ? Credit lii~ and/w Disability Inwtance is not desired, oa~e: N o v e mb e r 3 0~ 1 9 7 7 ~ Sigoature r* ~~~~~L~``'- ~ Signature As sacurity for the payment oi the Note the Maker henby grants to the Bank a securiry interest i~ the following property: - SECOND MORTGAGE ON REAL ESTATE - see over for legal description . ~~r~~~~~ ~r~ ~~~~~M~~~~AA~~AA including all increases, substicution Iscemena, additions snd accessions the.eto and in the proceeds tAereof (hereinafte~ calted "Collateral"1. Tha securiq ;n[erest shsll also sacure any othe~~tednas o? liabiliry oi the Maker to the Ba~k di.ect or indirect, absolute or contingent, dw or to bscome dul, now ~x- 'I iscirg p her~after uisi~g, ineluding aU futun advsnces or loans by the Bank to the Nisker_ ' The Bank is also given a lien and a s~writy i~~erest in atl propsrty and securities oi the Maker, endorser, wrety, guarantor or accommodation pKty of this Nate (Aerei~sfcer referrsd to as the "Obligors"i, now in or ac any time herestter coming into the rnntrol, custody or possess~on oi the Bank, whether fo. the ez- Pressad Pu.pose of beinq used by the Bank as Collateral, or (o~ any othu purpose, and upon any balance or balances to the uedit of any aocounts, includirg ~rust and age~cy sccounu maintained witAtM Bank by any oi the Obligors, a~d the Obligors agree to deliver to che 8a~k additionsl Collatenl or make such paym~nts in reduotion of the principal amount oi tAe loan as shall be satisfac[orv co the Bank, ~n the event the aforementioned Collateral shall dedins in value or b~coms unsatisfsctory to the Bank. Additions to, reductions o~ exchanges of, or substitutions for the Cotlateral, paymenn on account of chis losn w inueases ot the same, or other losns msds part~a~~y or wholty upon the Collateral, msy from time to time be made without afiecting the provisions of this Note. The Bankshall exercis~ reasonabte ca~e in :he custody and preservation of the Collsteral to the extent ~equired by applicable statute, ard sha11 bs deemed to have exercised reasonable ca?e if it Wkes wch act~on tor that purpofe as Maker shall ressonsbly ~equest ~n miting, but no omission to do any xt not requested by Maker shsll be deemed s failuro to axercise ~easonabl~ wre, and no omiuion to comply wich any request of Maker shall of itulf be deemed a failure to exercise reasonable care. Bank shall not be bound to :3~ce any steps neceuary to p~~serve any rights in th~ Collateral against prior parcies and Make. shall take al( nacessary steps for wch purposes. Th~ Bsnk or its nc,mine~ need ~ot coll~ct incerest on, w s principsl of, any Collstsral or give any notice with resp~ct to it_ The 8ank msy continue to hold any Co1lat~rN d~posited hsreundet aiter the payme~t oi this Note, if at ttx time of the payment and discharge he~sof any of [he psrtie! I~able (or the paYment hereof ~hall b~ then d~reCtly o~ Contingently liable to th! Bank as Maker, endorser, wrety, guarantw or accommodation party o: any o~he• note, draft, bi11 of exchangs, or oMer instrument, o. othemiu, snd the Bank may thereafter exercise sll rights w~eh respect to said Collate~al g-anted Atrein ev~n though this Not~ shall hav~ bNn wrrendered to the Msker. ~ If tne 8ank deems itseif ~nsecura or upon tbe happenin9 of any of ehe following events, exh of which shaH consticute a defsult, all liabilities of each Maker to the Bank, inctudirg th~ ~ntire unpaid prineip~l of this Note and acCrued intYrest, less any unsarned interest and any interest in sxcett of thf rttsximum sllowed by ~aw and any rebstes rpuir~d by Isw, shsll irtwnsdiacely or thereafter, at tha option of the Ba~k, e~cept [hat the occurrenp o( (c) or (d) sha11 caus~ sutomst- ic aculention; without notic~ or demand, becormdus and paysble: (a) the failure of any Obligor to pertorm any obligation, liability or clsim to the Bank, to pay ~nte?as[ htreon within 10dsys atter it is du~, or it there is no due datl, after it is billed o. otherwise requested or demandM, or to pay a~N othK liability what- sc:eve.. to the Bank when due; (b) the death of ~ny individual Obligo~, the dissolution of any psrtne?ship Obligw or the d~ssolution, m~ryeraoonsotidstionwich- ~ a,t !A~ Bank's piar writtan co~sent of am/ corpona Obliyor; (c) the filirg of s petition in bankruptcy w ths sdjudication of insolvency or bankruptey under any reorganiration, srr~npemsnt, resdjustmMt oi debt, dissolution, liquidation a similar prot~sdinp under a~y Fedtr~f w sUh statutt, by Or sgai~st any Obligor, (d) a~ sppliution tor tM sppointmMt of s reqiv~r (or, or tM making of a generst mignment (or Me benefit oi crlditon by, sny Obligor; tM entry of jutfqment s9sir~t any Oblgw; (1) tht itwirg of any attsehment or gsrnishmtnt, a the filinq of am? Iien, apainst sny prppetty of any Obli9or; (91 th~ ukin9 of ' possession of ~ny wbstsntial psrt ot th~ propKty ot any Obligo? st tM instance of any gov~rnnwntal sutAwity; Ih1 the det~rminstiort by tht Bsnk that a msteri-' s1 aclwrt~ ehany~ hss oocurr~d in tl~e financi~l ta~diiion of sny Oblgo? from the cond~tions at forth in the mose ncent financial st~tem~nt of wch Obligor tteretofort fu?nisMd to th~ Bank, or irOm tht cOndition of sueh Obligor ss Mr~to(ore most retently disdosed to the Bank, or th~t sny wsrranty, reprtst~tation, cerci/icste or stat~ment of any Oblipo. (whetha oonainad in this Note o. not) peraini~g to w in conneetion with this Note a th~ los~ widenced by this Non contair~s ~n untru~ ~tatem~~t ot naterial bct o~ omia to saa msarisl isct necasary in wda to make the sacement: mad~ not misl~sdirg; p, (i) che sui~- ~ ment by sny Mak~r o~ any puity in any of tM Col4t~rs1 without tM p?ior writttn cons~nt of tIN Bsnk. ~ TM Bsnk shatl hav~, but shall rat b~ limit~d to, tM followinp ripAp, ~ach of which n?sy b~ ~x~rcised at any tim~ whtthe~ w not this Noq is dw: (i) to ~ W~dg~ a trsnsfN Ma Not~ snd tM Col4brsl ~nd tM Bank sMll thKfupon b~.tli~wd of ~II duties snd rhpons~bilitits Mrwnder snd rNi~vad from sny ~d sll liabitity with rpp~et to ~ny Co11atKN to pl~dp~d Or tr~~sfqr~d, ~nd eny pledp~e pr trsnsferet shNl tor sll purposes stsnd in th~ ptsq of tlu 8ank het~under snd hsvt sll tht rphtf of tht 8ank henundN; (ii).to trsnsfer tAe whoM w sny part of the Collatersl into th~ name of itself or its nomintr (iii) to vot~ tht Collatersl; I~v) to notify tM Oblqors Of sny Collat~rs! to ~rnk~ psynf~nt to the Bank of any smounts due or to becortN due tMreon; (v) to Oemsnd, w~ for, eollat•, o~ msk~ any comp~omiM a fettlem~nt it dNmt dtsinblt with nf~renq co tAt Collacaal; snd (vi) to tsk~ posstuion a control of sny poe~~ of Collste:sl. _ NOTICE: SEE OTHER SIDE FOR IMPQRTANT INFORMATION e~~K~V4 PACE 785 ~ Fes ~s: a..~. ~n~ ~ " . _ ' - , _ - . . - -.,~~....~..:_--...f._....,~~-~,:~.. . - ^ u. . . . _ . . _ , -.~.:'r.z.~