The URL can be used to link to this page

Home My WebLink About0605 INSTALLMENT PROMISSORY NOTE ' ~ J~ONw ~lK~ (A) Amount R~caiwd 5.,~.~~- 6ANK NAME (Bl Premium io~ C~ellit ~ ~~~.ia~~~~~ i~:. s 19» Grlie~aL !t .1ds~ ~Y~ pl ]365~ IC? Ooturtwnury Stamps S_~j,1~~~Q " OFFICE A~DRESS fD1 OcnK Cnar~s (ii~m~z~l S - l-~~ lEl S NOTE NO. OATEO: ~J ~ ~ . ~9!s. (F) : (Gi Amount Finaoced OUE: S/~~/ 19 8S (A, B, C. E, FI S~ (H) I~terqt S PLACE: S . FLORIDA U) Cr~dit Inv~styation = IJl Otn.. S For value ?oceived. th~ und~rsi~+ed (herein~fter call~d "Msker"I loin[ly and teve~slly (ii (KI S more thsn ona) promia to pay to the o~de~ of the Baok, at its oitice listed abow, the Toa~ otPaymennlfromlN?at.ightloi_~5.~1~=~ Dollarspsyablein~._ (U S ltwl FINANCE CHARGE equal moothly ins[al~lmTel~ts ot S 142 . the tirst (H. 1, J. K, L) . S. l ps~li installment due on J v`^ ~ ~ ~ , 19~. snd wbsequa~t installments due on (N) Total of Payme~tt (G + M) S 1`~] Z~ the dsY ot each month theresfter, tog~ther with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE ~a,.Q % S vs~! DUE .19 TI?~ Bank shall impose a detinquency charge agatnst the Mak~r o.n_sny payment which has becwn~ dus and remains in default fa a p~riod in exo~ss ot 10 days in a~ amount equal to 5'16 of the amount o( the principal part of the paY~nt in default. In the svent that the Note is not paid in full at rtiaturity, all pay ments, whethe? printipal, interest w otherwise, shs11 bea? interest at the maxirtwm legai rate allowed under the laws of the State of Florids. All payments mad~ hereunde~ shall be tredited first to interest and ihen to pri~cipal, however, in the event of default, the Bank may, in its sole distretion, spply any payment to " ~nte~est, printipal andlor tawful charges then atcrued. It is the inte~tion of the parties hereto that the provisions herei~ shall not provide direttly or i~direcdy for the payment ot a greater ~ate of interat or tM retention of any other charge tha~ is allowed by Isw. It, tor any reason, interest in exeeu of wch legsl n(e or a charge prohib+ted by law shatl at a~y tims be paid. any suth extess shs11 eitAer constitute a~d be treated as a payment on the principal or bs refunded directl~r to the Make~. - - The Maker may prepaY the entire unpaid balance o( the loan at any time. If the loan is prepaid in fu11, accelerated w refinanced, the RAaker shall receive a retund of the unearn~d portion of the interest and inwrance premiums computed by the Rule ot 78's method, except that the Bank sAall be entitled to retain ~ a minimum interest charge of ~1.~. CREDIT LIFE ANO CREDIT IIFE & OISABIIITY INSURANCE ARE VOLUNTARY AND NOT REQUIREO FOR CREOIT. Such i~wrance covera9e is avai~abk at the cost designated below for the term oi ~he credit: (a) S~2• for Credit lite I~wrance lb) S for Credit Lite di Oisabitity IMUrante: Check Q Gedit Lite Insurance is desired on the lite ot' ~~rt biliw Appl. ~iSiVV~ s Birthdate Z~ZS~i8 Box - ~'Gedit Lite 8 Oisebility {nwraQce i~de'sir~ sn Birt ate ~ CreditrLi e and/w D+sability Inwrante is oot desired. - . Date: J 11d S~nature _ _ _st . eg ia . Signature As seturity for the [ of t e Not t Ma er hereby gra~ts to the Ban1~ a setur ty inter t in the following properry: Loc ~~i , W~.d~~ v~11a~., aa e•seribN sa~a nort$a~e - ~o~ . 4 . ~ : _ ~ r~cluding all inC~eases, substitutions, replaCeme~ts, additio~K and accessions thereto and in the procteds thereo( lhereinafter celled "Collateral"1. This SeCUrity ~nteres2 shall alw secure any other indebtedr~ess or ~~ability ot the Maker .to the Bank direct or indirett, abaolute or concingent, due or to become due, now ex- isur?g w hereatter arising, including all future adva~ces o? loans by the Bank to the Maker: , ~n r t in all r aod securities of the Maker, eodorser, w~ety, gusrantor or accommodation party of this The Bank is atso given a lien and a secunty ~ te es prope tY Note (haeinafter referred to as tAe "Obligori'1, now in or at any time hereafter coming in[o the co~trd, custody or posseuion of the Bank, whether fo? the ex- ~ pressed purpose of being used by ihe Bank as Collateral, or fw any other purpose, antl upon any balance or balances to the credit of any actounts, i~cluding ~ trust ard ageney aocounu maintained withthe Bank by any of the Obligors, and the Obligon a~ee to deliver to the Ba~k additional Collateral or make such payments in reduction of the principal amount of the loan as shall be satisfactory to the Bank, in the event the aforementioned Collateral shall decline in value or become wuatisfactory to the Bank. Itdditions to, reductions w ezchanges of, w wbatitutions tor the Collateral, payments on account of this loan or increases of the same, or other loans made par[ia11y w wholly upon ihe Collateral, may from time to time be made wrthout af(ecting the provisions of this Note. The 8ank sha11 exercise reasonable care in tne custody and preservation of the Colisteral to the exte~t .equired by applicab~e statute, and shall be deemed to have exercised reasonable care if it takes such action tor that purpose as Maker shall reasonably request in writing, but no omissio~ to do any act not requested by Maker shall be deemed a failure to exe~cise reasonable are, and ~o omiuion to comply with any requat of Maker shall of itself be deemed a failure to exercise reasonable care. Bank shall nqt be bound to take any sceps ~ecessary to preserve a~y rights in the Collateral agaimt prior parties and Maker shall take all necessary_steps for wth purposes. The Bank or its nominte rxed noc collect interest on, Or a principsl of, any Collaferal or give any notice with respect to it. The Bank mayca+tinue to hotd any Collatenl deposited hereunder after the paymerit of chis Note, if at the time ot the payment and dixharge hereof any of the partia liaWe tw the payment hereof shall be then directly o? contingendy tiable to tF~e Bank as Nl~ker, erKforser, wrety, guarantor or aoCOmmodation party of any other note, draft, bill of excha~e, or other instrurr~t, or otherwise, and the Bank may thereafter exercise a1t rights with resFect to said Collate~al granted herein even though this Note shall have been w~rendered to the AAaker. - If the Bank deerta itself insecure or upori the happening of any of the following events, eath of which shall constitute a default, al1 liabilities of eaCh Maker to the Bank, including the entire unpaid printipal oi this Note and atcrued interat, leu any unearned interest and any interest in excess of the msximum allowed by law and any rebates required by law, shatl immediatNy or the~eafter, at the option ot tfie Bank, except that th? occurrence of (c) o? (d) shall cause sutomat- ~c acceleration;without notioe ordemand, becomedue and payable: (a) ttro failure of any Obligor to perform any obligatio~, liability w claim to the Bank, to pay in[erat hereon within lOdays after it is due, w if the?e is no due date, after it is billed or otherwise requ~ted or demanded, or to pay any other liability what- soever to the Bank when due; (b) the desth of any individusl Oblipw, tlie disiolution of any partnership Obligor or the dissolution, merger w oonsolidatian with- out tht Bank's prior written consent of any cwporate Obligor, (t) the filing of a petition in bankruptcy or the adjudication oi insolvency w ba~kruptey undar a~y reo~ga~izatio~, arrangement, readjustment of debt, dissolution, liquidation o~ similar proceeding under any Federal or sWte statute, by or against a~y Obligor; (d) an ~pplicstion for the appointment o4 a receiver ta, a the making oF a 9eneral assignment for the benefit of creditors by, any Oblgw; (e) tl?e entry of judqrt~e~t against any Obtigor; (1) tNe iswi~g of sny ettachrt?ent or gsrnishment, or the filing of any lien, against amr property of any Obligor; (g) the tskiny of possession of.any wbstsntial ~tt oi•the ~rcipe~ty of any Obli~w at the instanc4 of any govemmental authwity: lh) the determination by [he Bank that a materi- ;1 adverse cbanpa fws oa*red_iri Mis f~~ial eo~dition ot any Obligor irom the conditions set forth in the most recent tinancial s~atement of wch Obligw herotofore fumisNed to !Me Bank; bi irom the condition of wch Obligor as heretofae most rece~tty disdosed to tFie Bank, or that any wa~ranty, representation, certificate or ststement oi any Oblipw iwhether contained in this Note or not) Pe~tainirg to or in co~nection with this Note or the los~ evidenced by this Note . contains an untrue statement of materisl fact or omits to state material fact necessary i~ order to make the swtements made ~ot misl~ding; a, (i) the assipn- ~ ment by s~y Maker of sny puity in aMr of the Collaterol without the priw written~consent of the Bank. The Bsnk sha11 have, but shall not b~ limited to, the fdlowiny rigfits, esch of which may be exercised at any time whether or not this Note is due: (i) to pledp~ or transfer this Note and. the Collatersl and the Bank shall ttroreupon be reli~vtd of all duties and retpo~sibilities hereunder and relieved irom any and all liability with rppsct to a~y Collatersl so ptedgsd or uansf~rred, and any pfedgee or transfereeshall iw sll purposes sta~d in the plsce of the Bank Aereunder and ~ have all tMe riyhts of the Bank htreutKfer;lii) to transfer tM whole a any part of the Collsteral into the name of itsetf or its nominse; (iii) to vote ihe Collateral; (iv) to notify Nu Oblpors oi any Colbteral to msks psyme~t to the Bank o~ any amounts due w to become due thereon; (v) to demand, we fw, cdlect, o~ mak~ sny compromise w settlement it deems desinWe with ~etertnos to the Collateral; and (vi) to tske possession or control of any procs~ds of Collatsral. ~ _ NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION ~Q~ ~ ~O~ ~ Fes ~st R~~. 8001( 0 _ s.~~~ _ -