HomeMy WebLinkAbout0319 INSTALIMENT PROMISSORY NOTE 1 `st4;=:';~;'
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FIRST NATIONAL BANK OF FORT PIERCE ~N A~+w+~ea~c.~wd s~,.000.00 ~
(B) VrMnium !or GMrt ' '
' BANK NAME - . L~/~/Dif~bil~ty 101. s~ 580. 54 ='t' ~ -
Post Office Box 9T0 Fort Pierce~ Fla~ida ~c~ ~owrt+.~a.ysa~ ~ s 11. 10
OFFICE AODRE55 - (D) Ot1+M C~srq~s (~t~mei~1 s none - -
. IEl = nenP
r~ore No. 11-??28-2 oATEO: March 31. ,~s78, tF~ s none
(GI Amount Financ~d
ouE April 15, ,19 83 , tn, e, c, o, e. F~ s 5 1 64 •
IH~ ~r?~Kat s 1. 691. -1 .
P~ACE: ~ Fort Pierce , FIORIDA c..a~~ i~wsu~c~o~ t 15. 00 _
u? ocn.. a none ~
For vatu~ rec~~v~d, th~ undt~:ig~+~d lh~ninstt~. u1Nd "MakK"1 joi~tly snd seve~slly (if (K) _
mo~e than one) promis~ to pay to th~ ord~r of thS Bsnk. ~t ia oifie~ list~d sbow, th~6TQu1 (U s^nn~±
of PaV~'MnK (lrOm (N) ~t rigAt) O( ~7, 29T. t30 pottan paYsbl~ i~ ~ none
121. 63 , tn. first ~MI FINANCE CHARGE
e~aual monthly instsllrtNnts ot S. (H, I, K, L) = L 7~6• 16
~ns:allrne~t due on NiaY 15 ,~978 , ~nd wbspu~nt insallme~ts due on (N) Toal of Payn+ena (G * M) S?t 29~• 80
cne 15 dsy of taCh month thlteaftN. ~o~~n~. w~~h ~ F~N/?~ eA~~ooN PAVMENT OF: ANNUAL PERCENTAGE RATE 11. 02 :
s None ~uE None ,~9 ~ ~
The Bsnk shsll impos~ s dNinqwncy eharq~ sy~inst tM kblcN on aMl psYrtwnt whieA hai b~ean~ du~ and nmsiiu in dtf~ult for s pKiod in ~zw~ ot 10
days in sn smount ~qusl to 5% of tht artwunt of th~ p~ineip~ p~rt of tM paymMt i~ d~tiult. In tM ~v~nt thst th~ Noa is not paid in tull at msturity, sll psy-
rren~s, wh~tM. prineipsl, int~rst w othKwis~, shall bw~ int~rat ~t tM maxirtwm 1~1?~t~ sllow~d uedN tM Iwvs ot tM Stst~ ot Florid~. All paym~np mrJ~ ~
hereunda shall b~ u~dit~d first to intlHit snd th~n to printip~l, howt~r, in th~ wN~t of d~fsult, tM Bar+k may, in iri sot~ dittr~tion, spply a~y ph?nNnt to
;ncer~c, printipsl and/or I~wful tharg~s MM sCCrwd. It is tM int~ntio~ of the psrtia hK~to Mst th~ prov"~sions larein sh~ll not provid~ dinttly or indinctly .
(or the payment of ~ grNtar rate of intKtst or th~ r~t~ntion Ot ~rty oMM CM?g~ tA~n is allow~d b1/ law. It, fo? sny ?epon, inta~st in ~xpss of such IpM raN or ~
a chargt prohibit~d by Isw shall st a~y tim~ be paid, sny wth ~xoe~ shall ~itha tonstitut~ and b~ tr~st~d as ~ D~Y~nt o~ tM Mintipal or b~ retund~d ditlClly
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to the Msker. _ . - - -
7?,e Make~ m~y pnpsY tM ~ntir~ unp~id b~lsnw ot ihs losn ~t any tims. tf tM Ioan is pr~psid_ in tull, socNent~d a niinsnud, tM NbkN ~Aall nqiw •
retund of tM u~tsrn~d portion of tM inttrest a~d inwrsnp prtmiumt tompuad by tM RuN of 78's method, ~xppt that tM Bank sMll b~ Mtitl~d to nt~in
~ m~nimurtl intl~qt d~~ Of ~SG.~. _ _ ~
CREDIT LIFE AND CREDIT LIFE b DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIHE~ FOR CREOIT. Suth i~wt~naoOwnye is
ava~lable st tM tost desipnst~d below tor tM t~rm of tM cr~dit: (d S None ro, c.ea~c ur• i~,.a~+c. ~b~ s 580. 54 -
for Credit life d~ Disability Inw~ants: "
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Check ? Gdit Lif~ I~suranc~ is dssind on tM lite of '
App~ irthdate ~
eox ~ G~dit lit~ dt Oisability Imuraoe~ is d~sir~d on ames Z1Y y - ~
- . B~rcndste 1~~27/36 - _ ;
? G~dit Lif~ snd/w Oisability Inwnnce is not d~sir~d. ~
flat~: Ma rch 31, 1978 Signsturo t
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As security fo? th~ p~yrt~nt o~ th~ Not~ tM Mska hereby ~sna to tM 8ank a security interest in the fdlowiny property: - 4
L~tSECi7RED with Second Mort~ae as Additional Collateral---------------------- ~
See over for property descriptioa
mciudiny s11 incnsw~, wbaitutions. rplac~a+~nu, sddicions ~nd sot~ssans ther~to snd in the pracesds tAereot (hcroinafta wlled "ColbtKal"1. Tha»curity
intarest shsll also sw.vrr ~nY other iniNbt~dnes a liability oi tM IN~ke~ to the Bsnk direcc o~ indinct, absdut~ or contingsnt, dw w to becom~ dw, now ex-
j ittirq or h~wlnr arwe~, indudi~q NI futur~ ~dvsr~s or Iwns by tM 8~k to tM M~k~r.
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~ TT~~ Bank is ~bo 9iv~n a INn and s~turity intNat in all p~ap~rty and s~curiti~s of [ht MakK, endoner, wrety, guxsntor or scco~mnod~tion psrty oi Mis
~ ~4ote (h~r~imftu nfKr~d to ~s tM "Obliyon"~1, now e+ or at a~W tirtN IfKNite~ comirg into tht tontrd, antody or pomssion oi tht Bank, wMtMr fa tAe ~x-
~ E,.es~d purppp of b~ingw~d by tM 8ank a Coll~tenl. or for sny other purpos~. snd upon any b~lance w balsnces to th~ credit of any socounn, includinp
I trust a~d aq~ncy aooouMS nninain~d withtht 8~nk by am? of tM Oblgors, snd tht Obligors ~qre~ to deliv~r to the Bsnk additionsl Colbtsrsl w msk~ wd~
~ FaymenK in r~duetiOn Of tM p~inCip~l Nlqunt Of th~ {pin p ~hill b~ fitift~CtOry to tflf 8ink, in the event the ~foremqntionad Collsteral ~hall d~clir» in v~lw
cr Mconr uiwtisfaetOry to tht B~fk.
t - Additions to. nduttiom w~xehsnqn of, w fubstitutiora tor tht Collat~rsl. p~ym~nts on account ot this losn w increases oi th~ ame, or othe? Iwn~ madt
v~t+~~v «,~,ah? ~oo~ tn. coiau.s~, mry from tim~ to tim~ b~ n~ without aff~etiny th~ provisio~s of chis No~e. The B~nkshall ~xereise reawnabN care in
;he custody ~nd pra~v~tion of tM CollataM to tht ~xt~nt requind by applipbb:atua, snd shall b~ dMnrd to have ~xercis~d rwso~able an if it t~ka ~uch
act~on tor that pwpw~ ~s Gbk~r shall r~ombly nquat in writinp, but no omission to do ~ny ~ct noc rpuated by Mak~r ihsll b~ ds~msd a t~ilun to ~zaci~
rsaso~sW~ pn, ~nd no omissio~ co oomply with any nquKt of 1~4ka ~hsll of itsNf b~ damsd ~ isilun to exercis~ nssonsbt~ pn. Bank shsll noc b~ bound to
take sny staps n~pl~M~/ to pn!lrve any tiOhts in tM CollatKSl ~intt prior pattifs snd M~IcK shNl tsk~ ~II nectsssry steps ta wch purpo~ts. TM Bank or its
n~mine~ nMd not oolNet int~rat on, w a principN of, any Colb»nl o? giw any notiq wiM r~tp~et to it.
Th~ Barik m~y conti~w to hold ~ny Collatusl d~pwit~d Mrwnd~. ~it~r tM psym~nt of this Noa, if st the tims oi tM paym~nt snd dise~ar~e F+Kwf any ot
che psrtia liabl~ fw tM p~yrrnnt Mnof ~I~slt b~ thM~ dinttly or ooncinp~ntly lisbb to th~ 8s~k ss MNc1r. endo?ser, wrety. 9usrsncor or s~nod~tion ptrty
cf any otMr not~, dr~it, bill oi txchsrpt, o? odar inttruma~t, or otMrwis~, a~d tM Bank m~y cherwft~r ~xNCise sll rghu witA rap~ct to ssid Collat~rN
4ranted hlfNfl !vl~1 thON~f thi! NOt! fhNl hiY~ bN11 W?f~N1tlft~d t0 tIN M~k!?_ ~ •
~ I f th~ Bank d«rtK itsNf i~cur~ or ~pon tM.Mpp~nin~ of sny of the Iollowiny ~v~nts, e~ch of which shsll constiat~ a default, ~II tisbilitin of tach Nlsktr to
~ (f1~ Bank, intludinO tM Mtir~ unp~id pri~Cip~! of thif NOt~ M~d ~ouu~d inUrpt, l~s s~y unsun~d intenst snd sny intKest in exceq of tAt maximum allow~d
by law snd ~ny ~~qs r~quir~d by law, fhafl irnnMdisqly or tM~~edter, at th~ Option of tt~~ Bsnk, ~xqpt that the ottur~tnoe o~ (CI Or (d) fhsll Cau~t sutomat-
~c acater~tion:without notia wd~rn~nd. bwoendu~ and p~yabN: (a) tht isilur~ of any Qblgor to puform any obliy~tion, liability o. dsim to the 8ank, to psy
~ ~nterest herwn within 1~d~ys sftK it K du~, or it thw~ a no dw dat~, sita it is bill~d or otAKwis~ nquaad or d~msnd~d, a to pty ~ny otMr lisbility rrhst-
u~ev~er to tM Ba~lc wlNn dur, (b) dN dath of any individual Oblipw, th~ di~dution of sny pvtnKthip Oblpa or tM dissdution, mer~ a eonsolitf~tion witM
~ out the 8ank's pr'~a w?ittM ea~nt of ~n1/ eorpw~t~ Ob~iya: (c) tM filinp of a petitiw~ in b~nknrpuy or th~ sdl~diatia+ of insolventy a bankruptey ur~
~ ~ny nppsnisstion, ananp~nMnt, rNd~wtmM?t of d~bt, diuohrtion. -liquidstion ot simi4r prooMdinp undu sny FsdKSI o? stst~ ststuq, by or aqrinft any
~ Ob~~gw: (d) an ~Opliation iw th~ ~ppa~tnNnt ot a no~iw fo?, or th~ mikiry of ~ y~~al a~tiprurnnt for tM bNwfit of a~ditors by. anY Obliyor: (t) du Mtry
~ of judgrtrnc a~iiat a~ry Obliyor: (t) cM awieq of ~ny maehm~ns a p~rnishment. or cM filinp of aay li~n. psinst sny prop~?cy of any Obliqa: (9) tha nkirg oi
possession of ~ny ~ubsqntial pat of tFN poopwty o1 sny Oblipr at tM imtano~ of ~ny po~rernnNnnl authaity; lh) tM dKerminstion by tM Bank tAat a matari-
~ ~1 adven~ c~+pt hN ooturc~d in the finaneid Cw~dition d any Oblipor from tM tonditions tet faM in tM nwst rec~nt fin~ntial stat~nt o/ wch Obigor
~ hcr~tofae furni~d t~ 1M B~nk, or from th~ tanditian of wrd~ Oblf~o~ ~t MnWfon rtwst nantly dhdowd to th~ 8snk, or tMt sny wernnty. repra~ntstion,
ccrtit'icat~ or ststsrtwnt oi any Oblipor (w1+~tMr oontMn~d in d~i~ Noa o~ not) P~ininy ~o w io oonn~etion wiM this Noa or H» bsn wid~nad bY tha Noa
conts+ro ao uMru~ sqqnMnt of nrt~riM faet w omitt to stsq nNtKial f~et ~Y ie order to rn~lu tM ttstaments rt~sd~ not miNMdino; a, li) tM s+sipn-
rt~nt bY snY IM~kIr d~ puity in an~? d tM Co14~t1 without tM piwr w?itUn ton~?t d th~ BMik.
TM 9a~k ~hNl 1~, but shNl iat bt lieniad to, ~ followi~p ri~t~, Nd+ of whid~ msy b~ ~x~nei..d aMr eim. wMtMr o? rw~ Ma Noa a dw: (i) to
~ P~edy~ w tnnif~r MM Noq ~nd tM Co11~brM and tM 8~nlc MwN th~~~DOn b~ nli~n~d of all duti~s and rapon~ibiliti~s Mrw+ndN and rNi~~r~d from ~ny snd MI
?iabjtity with rMO~et to awy Co1Mt~n1 !o pNd~d w tneriwnd. ~nd M~y pMef~N or t?~rM thNl fo? MI purposn sand in eM Pbo~ of tM 8~nk Mnur~r and
~ i~ar~ all tM ri~b Of tM d~f~lc herlw~dM: (Hl to aansfM tlM who4 a any pwt of tfN Colbqnl into tM n~m of idN/ a id ~wmi~N: (iii) to voq tM Co11~tNM:
(~i to notify tlN Obli~s d m1? CoH~urM eo e~rk~ psym~M to tM Bank of any arnau~a dw w to b~eoeM dw ~Mrwn: (v) co dM+wid. ~w tor. eoll~ct, a
n+eke ~ny oomproir~ or ~t k d~e~ dwbsW~ wieA ~~na to d~ Couaa.N: ~nd (vi1 w tak~ powMion a oonvol M~w v~oeNds of CoU~a.N.
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