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Home My WebLink About0364 INSTALLMENT PROMISSORY NOTE ~ ' &R4 IIU Amount R~csiwd s Z~++~~~•~~ E (B) Pt~mium tw Cr~dit lil~/Dis~bility In~. _ 1439 Cos~scial St. Jsnsen ~eacb, ~1 33457 ~c~ o«~~,,.~,ta.r su~ws s_ 29.40 OFFICE A~ORESS (0) Ot1N~ CAarpq (it~mu~l s lEl = NOTE NO. OATED: ~ jZ . 19~. (p~ S ~ fGl Amount Finat~ctd ` DUE: 11tY I6~ ~~g~ , IA, 9. C, O, E, FI S ~ fHl Iota~st s PLACE: Jenaln ~l~C~f . FIORIpA (l) Cndit Inwstpation ~ lJl OtMr ~ s i For vslue nceiv~d, tM undtri+gnsd (her~+n~ftK cslbd °Maktr") jointly snd stwrally (if ~K~ s , , more lhan on~1 promise to p~y to Me ordN ot ths Bank, at its offic~ listed above, the Tonl ~ of Peyrt~Onts (from (N) it ?ght) of SI9 ~564.44 po~l~rs p~yabN in 8_ fu S 232.91 !M) FINANCE CHARGE , eyual monthly instatlmsnfs of S , the tint (H~ K, L) S~~~5 ~ ~nscallmsr~t dw on.11~ Z~LI! , 19~~snd wbsequent instaltrtw~ts due on t (N) Toul of Psyments (G + M) : j,9 ~564.,~6 # chtQ~dsy of each month tMrestter. coyetn.. w~~n a F~iva~ ea~~ooN PaYMeNT oF: ANNUAL PEiiCENTAGE RATE ~ n_ n % } S ~e ~UE .19 ; _ . . } The Bank shall irt~poss a delinquency charge apsinat tNe MakN o~ sny paymt~t which hst btowr~e dut and remsins in dafsult (or s p~riod in ~xa3s of 10 ~ ~ aays in an amount equal to 5~6 of ihe amount of the p.incipal part of the psYment i~ detault. In the tv~nt that the Note is not paid in tull at msturity, sll pey- t ments, whether principal, interest a otherwis~, shsll bear intertst at the msximum tegat rate allowed under the laws of the State of Flwids, All payme~ts rr?ad~ ~ hereundsr shall be e~edited tirst to interest and t1?en to principal, howe~rer, i~ the event oi defwlt, the 8ank msy, in its sole discrstion, epply any psyment to ,nterest, principal and/w lavr(ul cherges then atcrued. It is cAe intentiw? of the parties 1?ereto that thFprovi:ions herei~ shall r?ot provids direCtly or indireetly for the paymant o! a greater rate of intaest w the ~ete~tion of any other charge than is allowed by law. If, tor any reason, intertst in exqss ot =uch 1a9s1 rate or ' a charge prohibited by taw shall at any time be paid, any uuh ezcess shall eitAer constitutr and be treated as a payment on the principal or be retundeo directly ~ ro the Maker. ; The Maker may prepay the entire unpaid balante ot the loan at any time. Ii the loan is {xepaid in tull, actelerated w refirWnttd, the Nlaker shall receive a •efund of tha unea~ned portion of the interest and inwrance premiums computed by the Rute of 78's method, except that the Bank shaN be entitled to reWin a minimum interest charge of CREDIT tIFE AND CREDlT l.IFE d~ DlSABILITY lNSURANCE ARE VOIUNTARIf-AND NOT REQUIRED FOR CREDIT. Suth inw~ance coverage is ava~~able at ihe cost designated below tor the ter~g of the credit: (a) S for Credit Life Inwrance (b) S ~ tor Credit Liie d, Disability InsuranCe: ,r Check ? Gedit Li(e Inwrance is desired on the life of t . . ~ app~ • 8irti~date ~ox- ? Gedit Life dt Disability Inwrante is desired on ~ 8irthdate ~ Gedit Li(e and/or pisability InwranC6 if not desired. . Date: ~r 12~ ~7a Signature ~ • ~ ' :+_''1. B tI~ 1' . 1i2:~' , . Signature i s 5 As security fpr the paYment of the Note the AAaker hereby grants to the Bank a security interest in the tollowing property: Lot f7,~ ~ec. II, Ua~~oo{ .!eeorte c~f M~eriea, c~e:crihed in said atortgag4 ~ ~ ~ ~ncludi ~p ~ ~ ng all intreases, tubstitutions, r fateme~ts, additions and atcessions thereM and in the proceeds thereof (hereinafter called "Collateral"1. This seturity ~nterest shall also secure any othet indebtedness or tiability of the lYWker to the 6ank dirett or indirect, absolute or contin9ent, due w to become due; ~aw ex- ~ ,st~ng or hercafter arising, including all future advsnces w loans by the Bsnk to tha Maker. ~ The Bank is also given a lien and a seturity interest in all property and securities of the Maker, endorser, wrety, guarantor or acco~xnodation party of thit ~ hote (hereina(ter rsierred to as the "Obligqn"1, now in or at any time Aereafter coming into the control, custody or possession of Me Bank, whetha+ for the ex- preued purpose ot beirg used by the 8ank as Co1late.~, w fo? any oiha purpose, and upon any balance or balances to the vedit of a~y accounu, including ~ crust and agency accounts maintained withthe 6ank by any ot the Obligors, and the Obligors agree to deliver to the Bank additional Collsu~sl w make wcA payments iA reductio~ oE the principal amount of che laan as shall be satisfactory to the Bank, in the event the aforert~entionad Collate~al shaN decline in value j or become uruatisfxtory to the Bank. q . Addltions to, reduciions or exchanges of, w wbstitutions for the Coltateral, payments on account of this losn o? increases of the same, or other loans mads ~ partially or wholly upon the Collateral, may from.time to time be made without affecting the provisio~a of this Note. The Bankshail exercise reasonable care i~ f che custody and preservatio~ of the Collateral to the eztent required by appticable statute, and shall be deemed co have exsrcised ~eawnable care if it takes wch acc~on tor that purpose as Maker sball ,easonebly request in writing, but no omission to do a~y set not requested by Maker shall be deemed a failure to ezercise ' ~easonaWe care, and no omiuion to compty with am request of Maker shall of itsNf be deemad a failure to exercise ressonable Care. Bank shall npt be bou~d to ? cake a~y steps neeeuary to preserve any rights in the Collateral against p~ior parties and ibtaicer shail take all rFecetsary steps tar wch purposts, The 68nk or i!s ' nominee need not Collect interest on, or s principsl of, any Collateral or give any notice with respect to it. ~ , The 8ank may continue to hold any Collateral deposited hereunder after the paym~t oi this Note, if ac the time of the payment and discha?ge hereof any of ~ the parties liable for the payment hereOf shall be then directly pr contingently liable to the Bank as Maker, erxlorser, wrety, guarantor or socommodation party of any otha note, d.ait, bilt of exchange, or other instrumant, or otherwise, and the Sank may thereafter exe?cise all rights with respect to said Collateral ; granted herein even though this Note shall hsve been wrr~ndeted to the Maker. !f tM Bank deems itself insecure o? upon the happening of sny of the followiny events, each of which shall cortstitute a default, all liabilities of each Maker to the Bank, including the entire. unpaid principsl of this Note and accrued intetat, less any unearned interest and any interest in excess of the maximum allowed ? by taw and any ~ebates required by law, shaN imrt~ediatNy or thereafisr, at Me option of the Sank, exupt that the oocurrence ot (c) or (d) shsll cause sutomat- ! ~c acceleration;without notice or demand, b~pomedue a~d payable; (a) ths iailure of aoy Obtigor to perfwm any obligation, liability or daim to the Ba~k, to pay ~ncerest hereon within 70days aftsr it is due, or if th~re a no due datt, after it is bitled a otherwise requested or demaoded, or to pay any other iisbiiity what- t soever to the Baak v~lten due; (bl the dsath of any individual Obligo?, tlie d'asolution of any partnenhip Obligor w the dissolution, me~9er or cpnsplidation with- ~ out the Bsnk's priw written tonsent ot any corpotate Obligo?; (c) the tiling of a petition in bsnkruptcy or the adjudication of insolvlncy or bsnkruptey yntfer any reorganization, a~rsngeme~t, readjustment of debt, ditsolution, liquidation or similar prpCeeding under any Federal or state statute, 6y or a9ainst any ~ Obiigor; (d) an application fpr tAe appoiniment of a receivar fo?, a tl~e makirsp ot a general auignment for the benefit of creditas by, any Obligor; (e1 tM entry ~ of judyrne~t against any Oblpor: Itl the issuinp of any attaChment o? 9arnishment, or the filinp of any lien, apainst anY property of anY Ob~~9or, (g) the taking of po:seuior~ of s~stantial part of ths prope?ty of arry Obligor at the instance of any govemmental authaity; (h) the dete?minstion by the Bank thst s msteri- ~ al adMerse dwngs has ooturred in ths iinantial tonditio~ o! ~y Obligor irom the conditions set forth in the most recenc tinancisl statement of weA O4ligor ~ heretofore fumishod to the Bank, w from t1?e tondition of wch Obliytx x heretofore most racently disdosed to the Bank, or that aoy vva~ranty, npra~enqtion, ~ertificste or staternent of anr Obligcx (whether ow~tained in tbis Note w notl plrWininp to or in tonnection with this Note ot the laan evidenctd by this Note conWins an uM~w atatement of materisl /sct ~r omitf to stete msterial fatt neCessary in order to rt?ake the stateme~ts made not mislqdinp; ot, (i1 the estign- ment by any IIA~ke~ pf any equity i~ sny of the Collateral without tha priw writteri coraent of the Bank. ~ 1 sve. ssc The Bank_ sl~ll. l~sve but 1 ~barieuted to, the tollowioy rights, sscl~ ot which mey bs exercised at any time whether or ~ot this Nou is due: (i1 to p~edge a trae~(~ ihis N~tl~r~d~~ ,~tq~sl and th~ gs~k shali tl~ereupon be relieved of a1i duties and reiponsibilities herteinder and nlisvsd from any snd sll ~~ab;lity with r~ip~C~to a~r Collatsrst so pl~d~d o? traruferred, snd any p1~dQse or transfares shall fw all purpos~s stsnd in the place of the Bsnk henundK and have sll th~ rphts of the Bsnk h~nunder;lii? to transia the whoN or arsy part of the Collateral into tF~e nsme of itsslf or iu nomine~; (iiil to vots tM Cotlaterd; (iv) to notify tM Obliqors of aMr Coibterat to mske paym~nt to che Bank o( any amounts dua or to become due tF~ereon; (v) to demsnd, we iw, cofl~et, or ; make any conqomiss or settlement it d~ems dnir~ble with ref~rence to the Collateral; and (vi) to tske possession or control oi any prooaacy of Colbtsrsl. e a ~ NOTICE: SEE OTHER SlDE FOR lMPORTANT INFORMATION e00x~~? PAGE FBS 752 Rav. 7/77 . ~ ~~~~a ~'w ~~c c_~~~°..,~.~•`~. s.a~.~ _ - - ~ . - ~ ~ ;ii- - x'~ ~,.~t ~~rc6~~KR~~~~`+`3 " _ .