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Home My WebLink About0385 INSTAILMENT PROMISSORY NOTE FIRST NATIONAL BANK OF FORT PIERCE (/?1 Amoun~ Rece~ved S?• n~ _ BANK NA7v1E IB! Prcmium fo~ Crtdit 3$~. 74 lif~/Uisabd~ry Ins. S Post Office Box 970 Fort Pierce, Florida (C) Oocum~ntary5tamps s_ 15,45 OFFICE AD~RESS IO) OthK CAa~g~s (it~miZe) S none lel s none _ ~~OTE NO. 11-7743-b DATED~ ApYil ZO t9?8. ~F~ _ s none (G) Amount Financed o~;~ Apr il 25 ,~s $3 . ~n, s. c. o. E. F1 S 7, 847• 19 ~H~ S 2. 373.21 ~~acE: Fort Pierce , FLORI~A Gedit Investigation s 30. 00 1~1 ocne. S none For value received, the undersigned lh~r~inatte~ call~d "Msk~r") jointly and sewrally (i1 (K) s none mo~e than one) prom~sa to pay to tha order of the Bank, st its otfice listed above, the Toal s none ol Paymants (from (N) st right) ot~Q~ ~~J~- 4~ Dollan payable in ecua~ monthly installments ot S 1?0. 84 , tht tirst ~M? FINANCE CHARGE t?+. K. u s 2,~,403. ~ 1 ~nstallment du~ on Ma y 25 ,19 ?8 , a~d wbsequent installments due on (Nl Total o( Payments (G + M) S 10. 250, 40 ~nr 25 day of each month th~reefte~, together with a FINA~ BA~~OON PAVMENT OF: ANNUAL PERCENTAGE RATE 1~(l~, 'J~ 5 Nc~ne DUE None , 19 The Bank shall impos~ a~lelinque~cy chargt ayainst ths Maker on any paYment which has become du~ and remsins i~ default to~ a p~riod in ~xoa1 ot 10 days in an amount equai to 59G oi the amount of the principal psrt ot the paYment in de(ault: In the event that th~ Note is not paid in full at maturity. sll paY- mants, whether principat, interest or othervvise, shall besr interest st the msximum 1e9a1 rate altowad under tAe lawt of the Stan of Fbrida. All psymtnta made hereu~der sha~l be credi~ed tirst to interest and the~ to principal, however, in the e+re~t ot default, th~ Bank may, in its sol~ discretion, apply sny payment to ~nce~est, principal and/or lawful charges then accrued. It is ~he intentio~ of the partiss hereto that the provisio~s herein shall not provide directly w indirectly !o~ ?he paYment of a greater rdte of interest or the rote~tion oi any otAer charge than is altowed by law. If, for a~y reason, interest in exceu of sueh legsl rate w a charge prohibited by law shall at any time be paid, any such excess shall either co~stitute and b~ treated as a payment on ths principsl or be retunded direttly to the Make~. The Maker may prepay the en[ire unpaid balance oi the toan at any time. If the loan is prepaid in full, attelerated or refinanced, the Msktr shsll receive s refund ot the unea.ned portion of the interest and inwra~ce premiums computed by the Rule of 78's method, exapt that the Bank shall be entitled to retain a minirtwm interest Marge Of ~.(b, CREDIT LIFE ANO CREDIT LIFE & OISABIIITY INSURANCE ARE VOLUNTARY ANO NOT REQUIREO FOR CRE~IT. Suth inwrs~u coverage is a~a~iable at the cost designated below fa the term of the credit: la) S~84_ T4 to. Gedit Life Inwrance (b) S NAne io~ Credit Life & Disability Insuranta: - Check ~ Credit Life Insurante is desired on the life of Barba.ra L. Barber Aopt. Birthdate 8 f 4~28 Box ? Gedic Lite & Uisabitity Insu.arxe is desired on 8irthdete = ~ ? Credit Life and/or Disability Inwrance is not desired. oace: Apri120, 1978 Signature Signature As sccurity tw the payment oi the Note the Maker hereby grants to the Bank a security interest in the totlowing property: UNSECURED with Second Mort~a¢e as additional collateral- see ba.ck of contract for ~ronerty descr~Ftion ~nctudirg all increases, substi[utions, replacemenu, additio~u and accessions thereto and in the p~oceeds [he.eof (hereinaf[er called "Cotlateral"1. This s~curity ~nterest shall also secure any other indebtedncss or liability of the Maker to the Bank direct or indirect, absolute or contingent, due or to b~coms due, now ~z- ~sung w heraaft~r arising, including aU tuture advances or loans by the Bank to the Maker. ~ 7Ae Bank it also given s li~n and a sacurity interest in all prctperty and securities of the Maker, endorse~, wrety, guarantor or xcommodacion party ot this Noce (hs?einaftei nferred to as tM "Obli9ors"1, now in or st any time hereafte. coming into the control, custody w possession of Me Bank, wMtl~e? for the ex- preued purpose of being used by t1~e Bank as Collateral, w for any other purpose, and upon any balance or balances to the credit of any socounis, includi~g II'~ crust a~d ag~ncy accouncs maintained withthe Bank by a~y of the Obli~prs, and the Obligo?s agree to deliver to the Bank additional Collatsrsl w make wcA ~ paymenn in reduction of the prinCipal amount of the losn as shall be satisfxtory to the Bank, in the event the aforementioned Collateral shall detline in value j ; r become unsatisfsctory to the Bank. ; Additions to, nductions or exchanges of, or substitutions tor the Collate.al, paymenu on sceount ot this Iwn or increaies oi che sars~, w other foans made partially w wholly upon the Collsteral, msy from time to time be made without sffecting the provisions of this Note. The Bank shall exerci~s reasonsble csre in ; the custody s~d pre~ervation of the Collsteral to the extent rpuired by applicable statute, and shall be deerned to have exercised ~essonablt csn it it take: ~sch I ~ctio~ iw thst purpose as Maker shall ressonably requat in writing, but no omission to do any act not ?equated by Maka shs11 be dsemsd s isilun to ~x~rcia ~ reasonsbl~ Can, snd no omiuion to comply with any request of Maker shall of itself be deemed a faiturw to ex~rcise reasonable Gtre. Bank shsll not b~ bOUnd to ~ take sny steps Mces~ary to preserw anY ri~ts i~ the Collateral aqaiint prior parties and Maker shall take sll necessary steps for such purpwes. Th~ Bu~k or its ° nominM nesc! not colleCt intarest on, Or a pri~cipal o~, any Co~~ateral o? givs any notice with respett to it. ~ Tht Bank mry continue to hold sny Collateral deposited hereu~der after the payrt~en! af this Note, if et the time of the payment and dischsrpe Mrwi any ot the pwties IiaW~ for ihe psymsnt hereof sFwll bs thM directly or conti~gentty fiable to the Bank as Maker, endwser, wrety, guarantor or socommodation psrty ~ of any ot1~e~ nou, dr~ft, bill of exchan9e, o~ oth~r instrum~nt, or otherw~ss, and the Bank rn~y thereafter exerc~se all righn with resp~ct to aid Coll~tcral ~ granted he?ein even though this Not~ sMs11 Aave ba~n w?r~ndered to tl+e Mak~._ E If tM Bank dNms itsNt insecure w upon the happ~ning of sny of the following ~vN~ts, esch of whith shall constituce s d~faulc, all liabiliti~s oi qch Mslc~r to ~ the Bank, includinp the entire unpsid principsl of this Nots snd aceru~d inurest, lets any urkarned i~terest and any i~tsrtst in ~xqa of tl~ mucimum sllowed ~ by law a~d any reb~ca rpuirsd by Isw, sAsll inxrMdistNy or thereaice?, st Me option of the Bsnk, ~xcapt chat the occu~re~ce of (e? w, (d) sAaH cau~t sutanat- ; ic accelention; without notice or derrrnd, betorne dus and paysbte: (s) the failure of any Obligor to qriorm any obligation, liability or dsim to tM 8ank, to psy a interett I~ereon within l Odays ahsr it is due, or' if th~n is no due dat~, sfter it is bill~d or otherwise rpuestsd or denwnded, or to pay smr otMr IiWility whst- ~ aaever to cM Bsnk wMn dw; (b) the de~th of any individwl Oblipor, tht dissolution of ~ny pann~nhip Oblgor or the dissolution, rr~~ a oon~olid~tion with- i ; out ths Bank's pria w?itt~n eo~sent of any co?ponte OWiyor, (c) tM tiliny oi a p~tition in bankruptcy or the sdjudiption of irKOlv~nCy a b~nkn~pLey undK i any r~ay~~izstlon, ansnp~rMnt, rNdjustnwnt ot debt, disiolution, liquidstion w similar proos~dirq under eny F~derd or fat~ ststuU. by o~ p~irot a~y 3 Oblgor; (d1 an appliutio~ fw the sppointmsnt of a rewivw iw, or tM making of a qencrsl suiqnm~nt for tM benefit of cnditon by, any Oblipor; l~) tM ~ntry ~ ; of judpmtnt sptinit any Oblyor: (f) th~ awinp of ~ny sttaehm~nt or y~rnishmMt, or th~ filin~ of sMr liao, p~inst any propKty of ~ny Oblgor: (O) tM tskinp of ` ~ possession of ~ny wbnsntial part of eM prop~rty oi any Oblipor st tM irntanw of ~nY qw~rn~mntN wehority: lh) tM d~t~m?imcion by tM Bank th~t a mawi- s sl sdver~ d+~ny~ h~s ooturnd in tM finaneisl oa~dition ot sny Oblipo? irom tM conditiom ttt fotth in tM mott rec~nt finaneial sqt~nt of wcA Oblyor ~ heretofon fumqiNd to tM Bu~k, w trort~ tht condition ot wd~ Ob~ipo? a~ h~r~totw~ most retMtN di~dowd to tM Bsnk, or thst sny wrnnty, rprp~nqtion, certificat~ or st~»rtrnt of a~Y ODlipor (wA~tMr oontain~d in tha Not~ or not) pKtai~inp to o? in oonrrctia+ wiN+ this Not~ w th~ Iwn r~rid~no~d by MN Not~ = co~tsira sn urtru~ ~tst~ment oi m~tKid faet o? omiq to wn rrrwi~l f~et rMUS~uy in ordr? to nrk~ tM sts[em~nts n~ not mislMd'wp; a, (11 th~ asisn- ? rtw?t by any Ilblw of ~ny puity in a~y o~ tht Co1bmN witl~out tM priw vKitun ton»nt oi th~ Bank. _ ~ T1N Bank rhdl I~w. but p?fll not b~ IimiUd t0. tlr fpl{owitq rphtt. Nth of whid? msy b~ ~x~reiwd st sny tim~ v~thar w not tAit Nob is dw: (i) to ~ pNdp~ or trM~sfM d1i~ Not~ ~nd dM Co1t~tM1 and tM Banlt rANI dNhupw~ b~ rMi~~r~d of N{ duti~s ~nd ntponsibilities Mnund~r ~d rNitv~d frWn Mfd sll j li~bility with ~p~et to ~ny CollataN ~o pl~d or usnN~rr~d, and anY PMdp~~ w trsiuf~rN shdl fw ~II purpos~s fw~d in tM pha of tM drnk Mrwndw md _ 1+av~ all tM ?iOhts of tfw Brn1c 1+K~w~: (ii) to tran~fw tM v~lwb o~ anv P~?t of th~ CollatNSl N~to eM n~nr ot iwlt or ia ram~n»: (iii) eo voa tM Co1latNSl: (ivl to notitY tM ~lipors of aml CoYreKal to m~k~ PMIaMnt eo tM 8~nlc ot any «twunq dw w to b~oan~ dw tMhon: fv) to d~m~nd, sw !o?, ooll~et, w msk~ a~y oon~panis~ w wttMrn~nt it dNn~ d~w~bN wieh e~~na co tM Co1latKal: and (vi) to bk~ D~ion w oontrol ot ~rry prool~ds ot CollatKSl. ~ - 1!• . _ T ~-t'_'+li-' ~ _ - _ _ - ' - _ _ ~ _ - i = . _`l~~.:~1;: ~ 1(t ~ - ~i~~.= l~i~{t~.= .t;i.=l+l.-.i~t,--,~ji,r . ;-r{• ~ " ~ _ ; ~ ;;1'__ . .~1~1{I-- - ~itl~---1t1 MO~T1Ct: sEE'GTHER SIDE FOR I~MORTAIYr INFORMATtON ~ ,t - - _ _ . = _ - _ _ , - - _'V~•W ~ ~fss ~s2 R.,~ ~ - :~t ~ tis = ~ lil~ j ~~Si = 1,: I~s --i~i ~ i;: ~ ' - ~I~ - - , . . . . < . ~ . ~ ~ - ~ - - ~ -