HomeMy WebLinkAbout0515 . - ~ •1~ n~
Stuart. Florida. 197~ \otei iI - ,
`^E' ~AY."@itt scheciule ~IOW after date the undersigned (and it more than one, each of them
~~n~1~ aud se~•erally), hereina[ter called ~faker, promises to pay to the order o[
(~~'~r FIRST NATIONAL BANK AND TRUST COMPANY OF STUART
~i, ~~Iticc :~t Stu:~rt, Elorida. c7\'~'!:T`~' r~ ,c. .,,nT~-~•- ~~n ~~l17_ - - - - - - -
,:i.x,S.1•L• 1 n .
• llollars
h:unouut includes Proceeds of $ n~__-_-_- lus other cha cCE' ~~~SCZOS~ 1Tt?
P ~ - - - - - -
j•~S resulting in an AMOUNT FINANCED oi S~''_._...i ) with interest at an ANNUAL ~ERCENTAGE RATE ot
°,~o payabie Se[' }"I cri,~ Mrhich results in a FINANCE CHaRGE of ~~~~1 (Computed .on a 6 month maturity, if
, 3~ ~u:~nd obligation}. If not included above, other charges - in the amount of $ have been
• (Dcscribe)
.;~il~•ceecl [rom ~taker. As security for the payment of chis note :~taker has pledqed or deposited with Bank the fottowing propercy:
:C rt _~1 f~ Tr:tYC1 Tr?;' T' C, n','
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~ ?~rayahlc i~ 1'n ~r,nn hly ~~n=4 ef S~~_ 7£ ~ tn~!,z:'i.n~~nci~n~ and ~r}~,ores~
~ inniny S - ? 9 - 7 ~ .
E ~~+~~•l+rdi?rp all caa6~ atock aed othar dividenda and oll riykts to iubteribt jor aecuriteea i~cident Io, deelared, or prnnted i~ eoreneetion witb
k h uro~.erty), u•huA property, toycther with al( additionr aitd subatitutiona heseajf~r pledpcd or depo~ittd wit6 Bank ia called the Col-
~ ~u<. The Collat~za! is cLo gledy!d aa svcr~ritg fnr all otJk~~ lia6ilitit+ (prin~ary, +~eoxdory~ direet, eo~ti„prnt, ~ole, joiat or aeveral),
~r:~. ~~r to 6etome dae or u•hi~A maH br htrea/ttr contraet~d ot aeqein~d, oj tath Moker (fxeludinp eatk blake~ and o~~/ otAtr peraonl
~ r.~ ltai~k. Tke turre„drr of thia not~, upon paymcnt o? otAerwriie, tleo(1 xot a/feet the ripAt oj Bank to retain tAc Collateral for ~ueJk
! •-~h~ r liobilrtiet.
( Additioas to, r~duetion~ or e:ehangn of, or sub~titutiooa !or th~ Collateral. papm~ab m aeeouni d thL loaa or iner~aws o! th~ ~am~, or olhn
:^ans mads partiallr ot whollp upon the CoUatsral. maY 8om time to tims b~ mad~ writhout attscting th~ prorisions d ih}s ao1~. $in~ sLall ~s~rcW rwon-
E a':1e care in tha custodp and presenation ol lhe Coliat~ral lo ths sztsat »quired bp applieatioa atatut~. and shall b~ de~m~d to ba~~ ~ureissd r~awaabi~
' care il it takes such action ior that purposs as tdaker shall rsawnablp rpueat ia writinq, but no omission b do any ad not z~qu~st~d bl 1Wk~r ahall bs
~ ~eemed a tailurs a ez~rciss rsasonabls cars. and ao omis~ion ro eamplp with any rsqueat of Maker shall oE itssll b~ ds~m~d a tailur~ to sz~rciN r~ason-
acte cus. Hank ahall not b~ bouad W taks any sisp~ nscessas7 to prNerv~ any riqhu in the Collttsral against prior pa~s and Mak~r ~hall taln all a~r
' e>sary step~ 1or such putpw~~. Bank or ita aominw assd nol coUsct iater~st oa ot priadpal ot aay Collatual or qi~~ aap notlp wlt! r~sp~cl to it
wl
It ths ColtaNral shall at tn time becom~
! ~+~+~1~+T b Bank Make: shall within oa~ da~ att~r d~mand pl~dg~ and d~podl with Bank u part ot
!he Collatsral additiooal proputy which is ~atlstactoh. b Bank.
H Baak dsem~ ibslE ina~curs, or upon the 6appeninq d anT d ths blbwinq ereats, each ot which ihall toostitul~ a dsLult h~rsunde:, all
;iabili~ies ot weh Matsr w Bank sLall thsrsupon or thereaiter, at 1h~ opHon of Baak, without aotics or d~maad, beoom~ du~ and pa~ablr. (a) tailur~
c! any Obligor (whieh t~rm ahaU meaa and induds each Maker, endorser. suretp and quuantor of tbis nots) to pedorm anp aqr«mmt h~reunder, to
r~Y wtere~t hereoa within tsn dapa aftsr B is billed or otherw.iss rsqusstad or d~mand~d, or to pa7 an~ other liabilitr whalawv~r b Sank when dus; (b)
e1:e death ot any Obliqor; (c) the tiliaq ot an~ petition under th~ Bankruptct Ac~t, ot any similu federal ar~tats stalut~, bp or aqainat an~ Obliqor, id) aa
application tor th~ appointm~nt ot a tscai~er for, the making ot a general assiqnment tor the bene&t d asditors bp, oz th~ inaolr~nc~. of aaT Obliqor;
the eatry of s judqment aqainrt any Obliqor: (n ihe iuuinq ot anp atuchmant or qunuhmen~ or the filinq ot aaT lien. againri mT propsrty ot anY
Obtiqor: (q) ths takinq oi poasesaton ot any substaatial put ot ths Arop~rty ot anq Obligor at the uutwcs d tnp go~~rnm~atal authorit~: (h) ths dis-
soi~cion. merg~r. oooiolidatioa, or rsorganiution d anr Obliqor: (il ths a~siqnm~n! bp ~ny Msker d anY puiry h? an~ d tD~ Collat~ral witbout ths writt~a
consent af Baa1[.
Bank shall ha~~. but aDaU not b~ Iimitsd to. th~ tolbwinq ~qhb. ssch ot which map bs ~zercia~d ~t anT time whMh~r a not thL nd~ ir dur. f~
to pledq~ or truulsr tLis not~ and ihs Collateral and Btnk shail thereupon b~ relie~ed of all duti~a and rqponsibiliK~s ~r~u~~r md »Ii~ved trom
aay and all liabilitp wUh nsp~ct to any Collateral so plsdg~d or trandsasd. and any plsdge~ or transf~rN shall for all ptapos~~ sund Sa t6~ plac~ d
Bank ts~r~undsr and ha~~ all th~ riq6ts of Bank hersunder; (ri) to transfst IL~ rhols or anp ptrt ot ih~ Co1Lt~ra1 inb tb~ naaw o[ iwU or iL nominN:
~uii to ~oN ths Collal~raf: (i~) to notitp ths obligors on aay Collat~ral to- mat• paymsni ro Bank d any amouab dw or to b~eom~ du~ t6~r~on: (v) b
demand, sus tar, ooU~d. or make anp compromiss or settlement it d~ems d~s'uabls with refersap to ths Coilat~ral; and (vp tp tat~ controi of aaT prooeads
of Collat~ral.
Haak is b~r~bJ qi~en a lien upoa and a s~cvritp fnt~r~st ia all prop~rtT ot ~ach Obligor now oc at aar tim~ haNfttr iu Ih~ pbswaion ot Hank
ia any upadtp whabo~v~r. inciudinq but qot limit~d b any bslaoa or ~hu~ ot any d~posit. trust. a aq~ncy account as Ncuiity !a ths paymeat ot
this nds, and a similat liea upon and secur[tr intersst in all such Prop~rtp ot ~ach Mak~r u a~eurity for ths papmsnt d all Wh~r 1[abilitiss ol ~ach Mak~r
to Bank liadudinq liabilities ol ~ach Maker and any oth~r p~r~on1: and Dank ahail h~~~ th~ sam~ riqAb a~ to ~uc~ prop~rty as it ha~ w~th r~sp~ct to th~
Collataral. .
I[ Bank deeau iwli ias~eur~ os upoa th~ oonur~aa o! anr d~fault h~rsunder Bank aLaU ba~~ tL~ r~m~dla of a wcuz~d party undn th~ Unf•
Eorm Comm~rcLt Cod~ and, without limitinq ~ qenerality ot th~ lor~goinq. Baak ~baU ha~~ tb~ riqht. imm~diatdy and wBbout huthrr ~ctiou b~ it. 10
.ec ofi aqainat thL not~ all mao~T ow~d bY Hank in an7 espaeitr w~aeb or aop Obliqor, wh~th~r or not du~. aad alw to a~t otl aqaiast all ah~r
liabilitiN d Ncb ldaku b Baak a11 mowi ow~d by Baak in mY apacitY w~aeh or an~ I~(ak~r: aad Baak shall b~ dwm~d b ha~s ~zsrciMd ~u~
riqht ot ktoH aad b ba~~ msd~ a charqs aqainst anr such man~y immdiatelr upan ths oocurr~ua d ~uek d~iauh ~v~n thaaqh such chuq~ i~ mad~ ~
or ~nt~r~d on W~ boob d Haak ~ub~+qu~nt th~nto. Ualw th~ Collat~ral b p~tishabl~ oc thrsau~u b d~clins sp~~dilp fn ~alu~ a i~ of a tTps cus-
tomarilT wld on a r~aoqafs~d mub4 Bauk wrill gi~~ Mak~r r+aaooabl~ notiw ot ths tim~ aad plae~ o! anr public ~al~ tL~r~o( a o} th~ tim~ atter which
any pri~at~ ~ab or an~ oth~r Int~nd~d di~position tL~not b to b~ mad~. 76~ r~quir~m~nt ot »asonabl~ aotic~ sLall b~ mN il such notics is mailed.
Pa~+9~ PnP~• b an~ ~ialc~r at th~ addr~a qi~~a b~bw ar at an~ ol6~r addras abowa oa th~ r~oocds o( th~ Dank. at i~ast H~~ days bdois th~ tim~
ot th~ wl~ os dlspos~}tlon. Upoa dispwition ot say CoLaa~al afbr th~ oocui»nc~ of any d~iault S~nuod~r. Mak~r ~haU 1» aad »main liabb !or an
de:ici~nct: and $mk shaU account b ldaker for +a7 surplus. but Daak shall ha~~ 1h~ r{qht b spplJ all or anJ put oi sucL surplus (or to bold U?a sam~
aa a r~wr?~ ~qai~U ani aad aU ah~r liabiliti~s d~ach ac anT b~ak~r b ~ank.
Ho ddaT ar aiml~sloo ae tL~ part ot Baak in ~z~rdsing aa~ r1q6t ~mund~r ahaU opuat~ a~ a w~i~~r af sueh rfght a d aay olhsr right und~r
thu nob. prwntm~at d~mand. prot~st, notlo~ ol dis6ooor. and ~~nsbn d tim~ without notie~ u~ h~r~by wai~ed bT ~ach md ~rerp OblIqor. T6~
Ubliqon. ~oiatil and s~r~rallT. promW and aqrM b paT aD eosb d ooWctfon and atbin~Ts' !~a pwl w lOrjo o! tL~ principal sum or snc4 lug~r
amounb a~ mai b~ rwaoaW~ and just iocurr~d or paid bt Bank in ~nlordnq thb noN upoa 1h~ occurr~nc~ d an~ d~iault. !!ny noticv to Mak~r shall
tx suNjd~ntlY su~~d br ~Il p~upwM if plaod in th~ mail. Pos~aq~ W~par~d. addr~wd to a bN upcm th~ pr~m:wa a4 iL~ addras ahowra b~bw or any
other addr~a abowA oa D~ak'a r~oorda.
D[ak~r +dmowLdqw t~o~lp d a oompl~bd uopt d tLf~ Nou aa th~ abov~ dat~.
_ ADDRF~3:
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