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; 9_ AnA _ AA Stuart. Florida, Ms+r~!U 27 ~ 19 78 ' Note / I1'
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Sc~A j~,~@Il~ 8Gt1@dLll@ b9~OW a[ter date the undenigned (and if more than one, each o[ them
~.~~ncl~~ and severaily), hereinafter called Miker, promisa to pay to the order of ~
~
f,~ FIRST NATIONAL BANK AND TRUST CObiPANY OF STUART
~r ~c, of(icc at Stuart, Floricla. NIPiE ~ons~D AxD r1o/l.00 - - - - - - ~ ~ - - Do~~ars ~
~~I~i~h :~mount includes Proceeds of S 8.809.00 p~~ och~ ~a~ Recording,title ins.Credit
Descnbe)
<<t S 1 9~ - n0 resulting in an AMOUNT FINANCED of ;9~ 4~0 _ 00 ~~yi~ ~ntetat 3t an ANNUAL ~ERC~'AGE RATE oE
_1Q__°Jo payable g~e bel~w which results in a FINANCE CHARGE oi ;~..e 272 - 82 (Computed on a 6 month maturity. i[
~lr,nand obligation). IE not included above, othtr charges in the amount ot; 6ave been
(Describe) ~
.:~Ilected from Afaker. As security tor the payment of this note \iaker has pledged or dePosited with Bank the following property:
19T~.35~f~t 1~ark HnmE+ TA ~1 ~A~
~pa~able in 120 menthl~ navrier?ts of $118 94, inciudin~principal and interest
be i 4 2
- '
i i~~~ludiny all eask. itock and otktr divideieds a~d all riyAtt to ~xbseribt jor aeexritits ireidtwt to. detlared. or pmnted in eoxxeetion wit1+
.v ~~-h propcrty), u:l~itA property, toycther witA aIl additioht aud tubititutioxs Aeseajter pledped or deposited witA Bakk is taRed the Col-
?~rE ral. The Collateral ia a/ao pledy~d as ~teurity jor al! otker lia6ilities (prinwry, teeosdary. ditett. towtiwyent, tok, joi~t or aeneral).
~1«e or to 6eeorKe due or whiea rnay be l~ereafter eoxtraeted or aequaed, oj eat~ Maker (txtlkdiap uuA Maktr axd a»y ot~tr perso~)
Itank. Tl~e mrrtieder oj tAit nott, tipwe pay~x~xt or otl~trwise, tkoU „ot aJJtet tAe riykt of Baxlc to retaix tke Colbttral Jor ~ue~
~~lhrr lea6ilitiet. • ~
Additioos to. nduetions as ~schanq+~ a!. a wbstitutioos for tb~ CollwraL paTm~nts m aoeount a[ thL loaa or inenas~s d t~ sam~, or oth~ -
;oans mads partlaII! or whollT upoa !L~ Collatual, mar tram tim~ b tim~ b~ mad~ w[tbout ati~.tinq tb~ pro+isiau d tbis no1~. Bank ~hall ~z~reW r~asoa-
able cue in lha cuslodp and pt~naKou d th~ Collsl~ral b tb~ ~ri~nl r~quind b7 appliealioo Wtut~. and ahall M dear~d b ha~~ ~~iclMd- t~a~onabi~
care if it takos such actiam for t6at purpw~ as Mat~r d?all rwaooab~lr rpuat lo writing. Dut no omia~ioa w do mp ac~ aot r~quNMd b? 1~alt~r a6a11 b~
deemed ~ failurs w~~reia~ r~awwbh un. aad no omi+rioa !o oasplT wit6 anT nquat d Nak~r sDall ot fwlt b~ dNm~d a tailun b u~reL~ r~a~on- .
ab!e care. Hank shall not b~ bound b lab anT Wps n~ b prwn~ anY riqhb in fh~ CdLNr~l aqaloat prior pattiN and )(ak~r abaU hb a11 n~
essary dsps !or wch purpw~+. Bank or ib nomSoN aMd not eoll~et iatu~st an ar prindpal ot aai Col4ural ar qh~ anT notie~ wtth r~sp~c1 b iL
IE Ihs CoWN~al ~6a11 at +mT tis~ b~oom~ unsatid~tbrT b Dank Ilaka ahall wq~a ow dat aibr d~man~ pl~dq~ and d~posit with Dank as pari d
the CoUat~ral additiooal propatr whieh L satistae~otT b Dank
I! Bank dNm~ twH ias~cur~, or upon th~ baPP~~9 d m~ d tL~ blbwinq ~~~nb. wc6 ot which ahall ooo~tltut~ a d~tault Duwad~r. all
l:abilitiea of Nch ~(akK b DaIIk ahall tD~»upm o~ th~rNlt~r, at th~ optbn at Bank, ~rit6out nwia ar d~mand, Moom~ dw and pa7abb: failura
of any Obllgsr (which Mrm shall m~an aad idclud~ ~ach ~fak~r. ~ndas~r, wr~ and quuantor ot thi~ nots) b p~rfo~m anr aqr~nt hu~und~r. b
pay intsmt b~noa wi~hln ba dals ahu U is bilid or otMrwis~ r~qu~stod ar daeand~d. or b paT mr otLer W6ilitT w6aho~~~r b Baat wh~n dw: (b)
~i;e death oE ant Obligor: (e) tM alinq d ant QNition under W~ BaniwplcZr !ld e~r any aimWr t~d~ra! a w1s sutw~. bT or ~qain~t anY Obligor: (d? an
appiication fa[ t~ appolatnwt d a no~irn lor. thi matiog o! a c~en~ral aaiqnm~at Iar th~ b~n~8t d creditors bp. or 1L~ in~oln~tT d aaT Obliqor:
the ent~ o[ a iudqm~t aqainst an~ Obliqor: lp th~ iasuinq o1 anp aqaehm~nt or qunishm~nt a th~ filinq of ml li~a. a9~ +~l P~~Kf ~+nl'
~.hliqor: W~ uktoq d poss~saion at anT substsntial put ot 1h~ arop~rtY ol aar Obliqor at th~ mstaac~ d mr qov~inm~atal aul6witY:. l~ th~ dit-
sofutioa, merq~t, aonwlid+t9oo. or naqani~ation ol aa? Ol~li~~o[: (U th~ assk~nm~nt bT anp llaka d aap ~quit7 in anY ot tM Coilal~ral wftbwt th~ writt~a
cvnsent d Baak.
Baok s6aU ba~~. bat asaU not b~ limie~d w, tD~ lollowa?q rigbt~. Nth at wbic6 mtJ b~ ~:ercLd at aa~ tlm~ wh~th~r oc not tbls ao1~ i~ dw: W
to pl~dq~ or tra~uMr this no1~ aad tb~ Coilahral and Baak s6aU IL~rwpon b~ r~li~~~d of all dutlu aad rNpooaibiliWs b~nund~r a~i rNls~~d haas -
any and all Uabilit! wit6 r~sp~ct b anT Cotlat~al aa pl~dq~d or tranaf~a~d. and anT P~9N or traasi~rM shall tor a11 p~apw~a staud la th~ plac~ at
BanJ~ b~rhmd~r and ha~~ all th~ riqhb ol Baak L~r~uad~r: (W b traa~ht th~ whoJs a anT part d th~ Collataal inb tb~ nam~ d iwU or ib nominN:
!iiii b~01~ Ib~ Coilat~ral: th) b nodit th~ oWiqor~ on anT Coil~lual b nuk~ palm~nt b Bank o[ anr aaiouats dw os b b~eo~ du~ th~r~oo: b
dsmand. sw lor. adl~ef. or mak~ aaT ooa~pramis~ oc s~ttl~m~nt U dMm~ d~sirabl~ with r~i~r~nd to tb~ CdlaMral: and (~11 b tak~ aontrol oi m7 pzooa~
ot Collat~ral.
Daak i~ L~r~bT gi~~n a li~n upoo and a aeurltT laanst fn +A prop~rtt d~aeb Obliqor now or at aa~ Nm~ Mrwh~r in tb~ pow~sion ot Hank
tn anl ~+P+~~! wlubwnr. iaclud~g but not limit~d b aaJ baLac~ or ~6ar~ d an~ d~pasit. trud. a ag~aq acYOUnt as Mc~uitT tor 1~ pa~at d
thi~ not~. and a similar li~e upc~n aod ~s~curftl iater«R in atl aucL prap~rt~ o! ~ach bdabr as weuriqr tor th~ paTm~i af a11 oth~r 1lablliWs of wcb ld~Nr
to Bank (indndinq liabllitl~r d~ach ~[ak~r aad aal wL~r puso~n): aod Daak a6alt La~~ th~ ~am~ riqDls as b such prop~rtT as it has wNL n~p~a b IL~
Colktrral.
I! Baak d~s i1NU ia~u~ or upoo tiw ooaur~nos of auy ddrult Mc~uodes Bank aball h~~~ tb~ nm~di~s of a wcvnd puy und~r t~ Uni-
lorm Co~mudal Cod~ sad, witLout liattinq th~ q~n~ralitT d tM ior~qofuq. Dank shall ha~~ tL~ rigLt imm~dfablp aad witLout lurtbrr aetba bT it. b
aec otl aqala~t thM eot~ aq mawT owd bt Dank in aar apaeiq b wch or an~ Obtiqor. we~r or oot dw. aad alw b a~t aH aq~ind all Mh~r
IiabiUtiM d NeD Wkrr b Daok all mowt ow~d bT Daak in aaT apaci~r W web or anr 141cn: aad 3ank ~hall b~ dMm~d b ha~~ ~s~rciNd sacL
riqht d NtaH aed b 6a~~ mad~ a cAar9~ ~9+~ ~i+~! uP~ tM oo~unsnn o! au~ d~4ult ~~w tba~qh sue6 charq~ L mad~
or ~nt~t~d on tL~ books ot Daak subwqwnf th~r~io. UnLs~ ths Cotlaatal is p~ri~4abb or Uuyal~ns b d~clio~ apwdLT in ~alw or I~ d a t~p~ cus-
:omar3lT sold oe a r~ooqn{s~d oarkN. Danlc wili gh~ Nak~r nasowbl~ sotlw ol ih~ tia~ and plae~ d ani pubiie rab th~r~ot oe o! tb~ tim~ att~r which
any p~i~a1~ sab ar ~n~ oth~r iat~od~d dispo~tios tMr~ot f~ b b~ mad~. IL~ r~quir~m~nt ot »awwbt~ node~ ahalt b~ m~t U ~uch notie~ L mailad,
P~~ P~W~ b anT 1hlwr at th~ sddnp qha b.b.. a„~r a~ .aa:... .~..p ~ ~a. a~. Bank. at I~W 6~~ dars b~br~ ths tlm~
oi ts~ ~al~ or di~po~tioa. Upoa df~position d aaT CollaMral attK 1~ ooeurnno~ d anY d~iault b~nuadu. Nak~r ~6all b~ aad r~main liabL for anr
d~f:ci~acy: aad Dauk ~aD aaoouet b Mak~s br aaT ~urplus, b~d Daok ~aII lu~~ tL~ riqbt W applt aU or aal part d suc6 surplu~ (or b Lold th~ sam~
u a r~~~ aqsie~ aaY aad a11 ofb~t Habiiitl~s a[ ~ach o[ aa] l(akK b Daak.
No d~lat or osi~aioa aa tb~ part of Daak in ~~idsioq aoT ~iqM h~arued~r aball op~aN as a wai.~r a[ such rtqht ar ot anT otb~r iiq~t und~r
thii aoN. PrMtntwnt dhaed. pralNt. sotkv d dishooor, aod ~~e~io~ d t~ witLoul nwky an h~»br wah~d by ~ach aad ~~~rT Oblk~os. Th~
Obliqas. }oletiT and aNaall~, ycooiN aod ~gt» b p~t all awb d ooliictfoa aed atbswTs' !w ~qual b l0~J6 d tL~ princ3pal ~ua or such luq~r
amounb a~ sa? b~ rwooabM aad ju~t iecwrd or pdd brr Dank fa ~fadsq thir soN upaa th~ oonur~na af aaT d~fault AnT notfc~ b~tabr abaU
t» sufSd~ntlt r~r?~d lor at! purpw~+ d plawd !n th~ aail, pwt+q~ pnpar~d, add:~wd b a i~it upon th~ premiw~ a4 Uu addrw ~own b~bw or aar
oth~r addrw s6owo aa Daak'a r~oords. ,
Mab~r aebwwLdqM rw~lpe d a oo~pWd aopT d tet~ Noe~ an t~ abon dae~. 60QK ~
ADDAtSS: ~S~
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