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Home My WebLink About0357 INSTALIMENT PROMISSORY NOTE . . SRy1 JWISaN ~B~GN ~AI~ ~ai a~,w~,~r R«~~~«~ s S~SAA_OA • 6ANK NAME (8) Premiurn for Credit lite/O~sab~l~[y Ins. S 19~ ~~'Ci~ at~ ~ J~~O MiChs ~S7 lC? Docume~tary Stamps S lA_~,~ OFFICE AODRESS ~ 10) Othe~ Charges (~temizel S (fl s NOTE NO. DATEU: ~h ly~ , 19 ~F) s ' IGl Amount Financed DUE:, ~h i~ _ , ~g~. „ (A, B, C, O, E, F) S S~SIA-b~S (H) Interest s PLACE: ~'h~ , FLORIDA (1) Gedit iovesUgation s IJ) Other S For value rlcewed, the.untlersigned (hereinafter Wlled "Maker"1 joindy and severally 1if (K~ S more than ooe) prom~se to pay ~o the order ot the 8ank, at its olf~ce listed above, the Total of Payments Iirom (NI st r;ghtl of 7_~~•~ pollars payable in _ e~~ual monthly install ms t S , the t~rsi ~M? FINANCE CHARGE ~nztajlrre~t due on , 19 and wbsequent installments due on (H• K, L) S 1~Sls~~ 10 fN1 Total of Payme~ts IG + M! S 7~n'~~AA ~ne day ot eacn month thereaita, ~o4e~her w~in a FiNA~ eA~~ooN PAVMENT oF: ANNUAL PERCENTAGE RATE % S ~ OUE , 19 The 8ank shall impose a delinquency charge aga~nst the Maker on any payment which has become dw and remains in detault for a period in ezcess of 1O days in an amount equal to 5°Xe of the amou~t of the principal part of the payment in detault. In the event that the Note is not paid in fuil at maturity, all pay ments, whether principal, interest or othervvise, shall bear interest at the maxirtwm tegat rate attowed unde~ the Iaws of the State of Flo.;da. All payments made nereunde~ shal! be cred;ted tirst to interest and then to printipal, however, in the even[ of detault, the Bank may, in its sole discretion, apply any payment to ' ~nterest, principal andlo~ ~awtul charges then ~crued. It is tAe inte~tion oi the parties hereto that ~he provisions herein shall ~ot provide directly or indirectly ~o~ ihe payme~t ot a 9reater rate of interest or the ~etention of any other charge tAan is allowed by faw. If, tor any reason, i~terest in excess ol wch Isgal fate or cha~ge prohibited by law shall at any time pe paid, any such excess shall either constitute and be treated as a payment on the principal w be retunded directly ~ u t he Mak@r. The Maker may prepay the e~tire unpaid balar?ce of the loan at a~y t~rtx. Ii the loan is prepa~d in full, accele~ated or reiinanced, the Maker shall receive a ~efund of the unearnecl port~on ol the interest and inwrance premiums computed by MQ Rule of 78's me~hod, except that tAe Bank shall be e~t~tled to retain m~rnmum interest charge of ~j,~(1, CREOIT IIFE AND CREDIT LIFE & OISABILITY INSURANCE ARE VOLUNTARY AND NOT RE~UIREO FOR CREDIT. Such inwrance coverage is .w_,~iable at the cost des~9oated below tor the term of the credit: (a) S (or Credit life tnsurance (b) S to~ Cred~t Lite d~ DisObility Insurante: • Check ? Credit Life Insu~ance is des~red on the fife of ~ a~'~~~ $nthdate B~x ? Credrt Life & D~Sability Insurante if desirEd on Birthdate ~ Credit Life and/or Oisabitrty Insurance ~s not desired. ~ 1'I~tlGb Z.S~ 1478 - , Date: Signature ` - c ~ ~ ~ n Signature As security Tor the payment of ihe Note the ~M1aker hereby grants to the Bank a secunty interest in the Follow~ng property: 81ock M, Lot 26 HOLIDAY OU't A? Si. LUCIE .~,s d~sc in uid nortc~{ 1969 Holidav ?rav~2 ?rall~r. I.D.~Nl'r68323?n. ;rcluding all increases, substitutions, ~eplacements, additipns and acceuions the~eto and in the proceeds thereoi Ihereinafter called '"Col7ate?a)"l. This security mierest shall also secure any other indebtedness w liability of the Maker to the Bank direct or mdirect, absolute or contingent, due or to become due, now ex- ~sc~ng o~ hereafter arising, i~cluding a~~ future advances or loans by the Bank to the Maker. The Bank is also given a lien and a security interest in all property and secur~ties of the hlaker, endorser, surety, guarantor or accommodation party of tha Note (hereinafter referred to as the "Obl~gors"1, now in or at any time hereafcer comirg into the control, custody or possession o1 the Bank, whether fo? the ex- p: essed purppse oi bemg used by the Bank as Collateral, pr for any other purpc~se, and upon any balance or balances to che credit oi any ac~p~nts, includmg c-ust and agency accounts mai~tained vrnththe Bank by any o( the Obligors, and the Oblgors agree to deliver to the Bank additional Collateral qr make such c~~~Y~*~ents in reduction ot the principal amount of the loan as sha~~ be sarisfactory to the Bank, ,n the event tbe aiorementioned Collateral shall decline in value o~ become unsatisfactory to the Bank. Additions to, reductions or OxChanges of, or substitutions for the Collateral, payments on xcount of this loan Or ~ncreases ot the same, or other loans made ~ aa~t~a~ly or wholly upon the Collateral, may from time to time be made without afiecting the provisions ot this Note. The Bank sha11 exerc~se reasonable care in ~he custody and preservation of the Collatera! to ihe extent ?equ~.ed bV ePPt~cable statute, and shall be deemed to have exercised reasonable care it it takes such ~ct~on for that purpose as Maker shall reasonably request in w?itiriq, but no om~ssion to do any act not requested by Maker shall be deemed a failure to exercise -eazonable care, and no omission to comply with any request of Maker shall of itself be deemed a fai(ure to exercise reatonable care. Bank sha11 not be bound to r,ke any steps neceuery to presenre arty reghts in the Collateral against prior parties and Maker shall take all necessary steps for such purposes. The Bank or ns nommee need not collect interest on, or a pnncipal of, any Collateral nr glve any notice with respect to it. The Bank may continue to hold any Collateral deposited hereunder atcer the payment ot th~s Note, if at the time of ihe payment and discharge hereof any of the parjies tiable tor the payment hereof shall be then directty or ~ontingently i~able to the Bank as Maker, e~dorser, surety, guaranta or accommodation pa~ty of arfy o~her note, d~afi, bill of exchange, or other instrument, or othe.wise, and the Bank may thereaiter exeruse all rights with respect to said Collateral g~anted herein even though this Note sha11 have bee~ surrendered [o the Maker. , If the Bank deems itseli insecure or upon the happening of a~y of ihe tollowing events, each of which shall constitute a default, all liabil~ties ot each Maker to *.re gank, i~cluding the entire unpaid principat oi this Note and accrued interest, less any uinea~ned interest and any interest ~rt excess of the maximum allowed by 1aw and any rebates reQuired by law, shall immediatefy or therea~ter, at the option of the Bank, except that the occurrence of (c) w(d) shall cause automat- ~c acceteration; without notice w demand, becomedue and payable: (a) the {ailure of any Obligor to periorm any obligation, liability or claim to the Bank, to pay ~nterest hereon within lOdays aiter it is due, or if there is no due date, atter it is billed orothe~wise requested o~ demanded, o~ to pay any other liability what- scever to the Bank when duE; (b~ the death oi any individual Obligor, the diuolutiOn oi any partnership ObligOr or the d~itqlution, merger or consplid0tion with- ouc the Bank's prior written conse~t o1 a~y ewporate Obligor; (c) the filing of a petition in bank~uptcy or the adjudication of insolvency or bankruptcy under ~ny reorganization, arrangement, readjustment of debt, disfplution, liquidat~on or simil8r proceed'eng under any Fede?al pr state statute, by or against any Gbl~gor; 1dl an application for the appointment ot a receiver (or, or tAe making of a ge~eral auig~ment tor the benefit of creditOrs by, any Obligor; (e) the entry o~ ~udgment againsrany Obligor; (i) the iuuing of any attect~ment or garnishment, or the f~ling of any lien, against any property of any OWigor; (g) the taking ot possession ot any substantial part of the property of a~y Obligw at the instance oi any governmental autho~iry; (n) the determination by the Bank that a materi- a~ adverse change has occurred in the financial condition of any pblfgw from the.conditions set torth in tAe most recent linancial statement oi wch Obligo. heretofore turnished to the Ba~k, or (rom the condition oi wch Obligor as heretofore most recently disclosed to the Bank, or that any warranty, representation, certificate w statement of any Obligor Iwhether contained in tnis Note or npt! perta;ning to or in connection with this Note or the loan evidenced by this Note contains an untrue sUtMxnt of matlrisl fact or omits to state material (act neceuary in order to make the statements made not misleading; w, (i) the assign- ment by any MBker ot arry squity in any of the Cotlateral without the prio~ w?itten confent of the Benk. The Bank shalt have, but sfiall noi be lim~tsd to, the fpllowirg rights, exh of which may be exercised at a~y time w1?ethe~ or not this fYote is due: li1 to p~edge w transfer thi: Note and ths CoUatasl and the Ba~k shall thereupon be relisved of all duties and responsibilities hereuncfer and relieved from any and all i ~ahility with respeCt to any Collataral so pledged or transferred, aod any pledgee or tra~s(eree shall for all purposes stand in the place o1 the Ba~k hereunder and have all the rights oi the Bank hereu~der; (iii to transfer the whote or any part of the Coltate~at into the ~ame of itselt or its nominee; (iiil to vota the Collateral; 1~v! to notify the Obligors of any Coltateral to make payment to the Bank ot any amounts due or to become due thereon; (v) to demand, we for, collect, or " make any comWomise or settlement it deems desirable with reterence fo the Collateral; and (vi) to take possession or control of any proceeds o( Collateral. NOTICE: SEE OTNER SIDE FOR IMPORTANT INFORMATION Q 2$5 ~ FBS 752 Rev. 7/77 ~fGLX w