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a,~•00 Stuart. Florida. ~~t ~7. 19 78 Note ~ il•
S
P~Y~At ~~O ~IOlOM a[ter date the undersigned (and i[ more than one, each oE them
j~,in~ly and severally). hereinaEter alled Maker. pmmises to pay to the order of
FIRST NATIONAL BANK AND TRUST COMPANY OF STUART
•~W!\~i ~A~ ~ a7iA ~ MJ ~/~Ww~~~•~~~~~~••~~~~~~~~.~~~ ,
i~, ofticc at Stuart, Florida. ~~~a~ ~
<<.I~iih amount indudes Procceds oE $_Z1~198.~0 plus other cha~ges D~C1~fi3~0
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t$ 4~1.10 tesultin n n AMOUNT FINANCED of ) w~ in eCr~ t a~j an ANNUAL ~ERCEN'TAGE RATE ot
o ~ •
J payabie s~g~~~ which results in a FINANCE CHARGE of 0" (Computed on a 6 month maturity. i[ _
0
elemand obligation). I[ not included above, other eharga in the amount of ; have been
~ ~~be)
collected [rom 1ltaker. As security for the pay~nent o[ this note Maker has pledged or depoaited rvith Bank the [ollow ing property:
I978 T~ra Park Modle Mobile Hom~a Serial ~TS778277
Repsyable in 120 mo~thly p~ayments of =285.45, includin,Q princinal and intsrest. be~rinnir~st
June 27~ 1978
! i~:elndixy all rnak, atoek and other devedexdt and all riQkti to ~ubaeribt jor ieturities iweidtnt to, detlartd, or prant~d ix eowntetime witb
xu~h property), wkitk propesty. topetker witA all additioxi axd tubstittitiona kereofter pkdyed or depoiited witk Ba»k.u ealled tAe Col-
latt~ral. Tke CoUateral is alao pledysd aa aecarity jor aU otlier tiabititiei (primary, ueondary. diseet. tontixyenf, aole, joint oi aevera!),
rlue or to betom~ due or wl~iek ~nay be AneaJter eontratted ar aequeted. oJ aacA blaker (t~eelwdisp eaeA Makei and any otAer pcrion)
ro llank. The iarrer~dn oJ tku xote. upox payme~et or otAerwise, ~kaU xot aJ/eet tke ri~kt oj Ba~ek to retaue tAe Collat~rnl for iueA
~~thcr lea6ilititi.
Additioo~ to. r~ductions or ~zchangM d. o~ substituUoo~ for th~ CdlaMral, pa~mq~ts an aoeount d tbis ioan or iocnasu d th~ sam~. or otb~r
loans mads putiaUr or wboUl upoa t~ Coilat~ral. msr ham tim~ to tim~ b~ mad~ wUhout aN~eNnq tb~ pro~iaiooi of this no1~. Bank shall ~urcW rwson-
~ abte care in Ihs custodr and prqsnation d lh~ Co~lstual b th~ ~riwt r~quir~d bY appliettjon ihtub, aod ahall b~ dNm~d b ha~~ ~sueis«i rwonabl~
~ ~_,o :r „k.~ .~h aeeo~ tor th~ gu:~ as liak~r ~hall rwoeablT nqwst in wrriting. but no ami~sioa b do any act ao1 r~qu~d bT )1ak~r iLall b~
deemed a tailur~ b~z~rciw na~aoabto car~. and no amiasion b oosplr witb anT ipwst ot llak~r ahall d tWlt b~ dMm~d a tatlun b~nteiM r~asm-
j abla cars. Banir s6a11 not b~ bound b tak~ aaT it~p~ a~c~ssarT b pruun~ asT rfqhts in 1h~ CoOabral aqaio~t prfor parN~s aad M~ku shall 1ab all a~
€ essarp ~t~ !oc sueh pu:pw~s. Baak or its namiuN awd not call~et inur~si aa or peindpal oE aaT Collabnl or gi~~ ant natio~ with r~sp~et to it.
~ I! ths Co1Ltu~l ~Dall st anY tim~ b~oom~ ua~atlataclorY b Haalr. Dtak~r s6a11 within oa dal alt~r d~maad pLdq~ and d~posit wfth Bank a pait d
the Collat~ral additional propatr whieb b~teidaeforT b Bank.
> If Bank dNm~ ibslt ias~euz+, or upon th~ ~app~ninq d mT d 1~ blb~winq ~~ant~. w~ ot whlch ahall ooottitut~ a d~tauk h~r~und~r. all
E ?iabilities d ~ach llaksc b aank ~hall tMrwpoo oc th~r~aitsr. at th~ aption ot Bank. without nwic~ ar d~mand. b~ooo~ dw aad paYablr. W lailu»
~ of any Obti~lor (wh3ch t~rm sball mwn and iacludi ~~ch b[ak~s. ~ndo~Mr. wnt! aod quaranlo~ ~ tbi~ nde) ~ p~rfam anT aqr~~nt h~r~und*r. b
pay intor~st b~rwn within ten dar alar it is~ bill~d or oth~rwis~ rpuMt~d ot d~maud~d. oc b paY aat otMr IlabilitT whabo~~a b Baak wh~n du~: (b) .
the death d anl Obliqor: (e) th~ 81ioq aE aaT p~titioo uadrr tL~ Bankruplet lle1. or aay similar isdsral or stab wtut~, bY or aqainst mT Obligor: an
appliution !o[ fD~ ~ppOintm~nt d i r~C~I~u fo~. th~ makiaq d a qen~~al a~riqam~nt tor tbo b~a~6t d cr~ditoo by or tb~ inwi~~aelr of aa~ Obliqor:
the entrT o[ a fudqm~nt aqain~t aaT Obligor: W th~ issuinq d m~ atlaehm~nt or qarn~shm~a~ or th~ filiaq o( aat lita. aqaiost aaT Pi~rtl
Obliqor: (c~ th~ talcioq d poaNSSio~ d anl substantial pari d 1h~ prop~~ ol an~ Obliqor at th~ lastancy ot aaT qa+~ram~aul authotit~: (~J t6~ dis- -
solutian, m~rq~r. omwlidatioo. a~ norqan~ation ot an~ Obliqor, (ll the assfqam~at by any D[aker d aat puttT !a m7 d th~ Co~lat~ral without th~ writt~n
coaient d Banl~
Dank ~Lari ba~~. but ~all not b~ limitd ro. tb~ ldbwioq iiqhb. Meh d which ma~ b~ ~z~rcLd at aaT tim~ whNMr or uot tbL not~ ir ~dur. W
to pl~dq~ or tran~Nr thL noe~ aod th~ Collaurd and Banl~ ~haU th~r~upou b~ nl»~d ot all dutiu and n~poosibiUtla h~nund~c and nli~r~d }rom
aay and all 1~ wHh nsp~et b anT ColLttral w pld~d or trand~rr~d. aad an1 P~9» or transifrM shall for all p~apw~s stand ib th~ plau d
Bank h~rwud~r and luw ~11 tb~ riqhb ot Sank h~»und~r: (W b transfa tb~ w6o~ or anr part o! tb~ Co1Lt~ral iab tL~ nam~ d Na~fl or ib nominN:
(iii~ to ~oN th~ Co1Lt~ra1: (h) b nodtT th~ obliqon an anl Collabral b aaN pa~nt 1o Banl~ ot aar amounb dw or b b~oom~ dw thsr~on: (~r) b
demaad. sw bc. ooil~c7. or mak~ aeT compromis~ or_Ntlbm~at it dNm~ d~siraW~ wUh t~t~rsnw to tbs Co11aNw1: aad l~U b tak~ oontrol ot anT ~oos~ds
ot Collat~raL
Daak L L~r~ qi~~ a ti~n uiwn and a~utUlr fat~r~s1_in all prop~rl~ ot ~ Obligor now oc u aar tim~ h~»afl~r in th~ powsaion ot Daak
in anr apadtT w6~bw+~r. includimq but not limit~d b mT balano~ or shsr~ d anT d~podt, trust. ar aq~ncT acoount u wcuzit7 tor ~h~ parm~nt d
this nob, and a simllu li~a upoa aad a~cur@t inbcwt io all sueh pcop~ri~ ai ~aeh li[abr as Neudtl !oc th~ pa~mwt d aU o1h~r ltabiliti~s o! ~ach b(aktr
~ to Bank (fucludia9 liabilidN a! ~ach 1Sak~r and anY oth~r p~noa): and Eanl~ ahall baw t!?~ ~am~ riqed a~ W such prop~Ar as N hu with r~sp~d b th~
Cdlat~ral.
~ It Eaak dNms iWlt ioNC~u~ or upon ~ ooeunsaa o1 anr d~Mult Dwwnd~r Dank ahall ha~~ t6~ »a~di~s d a weund partT und~r th~ U~-
form Caom~rdal Cod~ and. wit6out Ilmltisq IL~ qw~raWT d th~ for~Qoiuq. Dank ~6a11 ba~~ th~ riqht, imm~diabl7 aad wMbow furthfr action bY it, b
~ set dI aqala~t tb4 aob all mowJ ow~d bY Dant in mt capacit7. b wch or aa~ Obtiqor, wb~tb~r ar not dw, aad aiw b wt df aqaiost all oth~r
~ liabilitw ot wc6 ltak~r b Daak all aoa~t owd bT Eaak is anT wpadtr b we6 or ant Nak~r: aad Bauk ~hall b~ dNm~d b luv~ ~zucis~d sucD
~ right d Ntod aod a h~•~ mad~ a es+rq~ aqaiost aaT sue~ mmrr ims~diat~ upon tL~ oonu:~na d sueh ddault ~~~n tLouqb sueb chuq~ i~ mad~
or ~atard aa th~ booiu d Daa1t subNqwnt th~nto. 11a1~ th~ Collaaral fs p~rfsbab{~ oc IhcwNas b d~Ln~ sp~dUi la ~alw or b ot a tTp~ cus-
iomarflt iold on a r~ooqnisd sarkN. Dank wW qi~~ Mak+r »awnabM aotlo~ d tb~ rim~ and piao~ d aaT public ~a1~ th~t~ot or ot th? tim~ aher whieb
~ anr pri~~M W~ oc anT olb~r iat~ad~d dl~poaBlon tLir~d i~ b b~ mad~. ~ r~quir~m~nt d n~onabM notk~ ~hall b~ m~t it auch notic~ [i mailed.
~ pastaq~ p~paid, b~~ llak~r at tM ~ddr«s qhu blow or a! as~ ot6~r ~ddcMS ~ows m tL~ noo:d~ d th~ Dank. at Nast S~~ dar~ bd~~ ths tim~
d.' th~ ~aM a disposit~oo. Upos dispodtbn o! aar Collaaral att~r th~ oon~r+aa ol anr dNauh ha~aod~r. l4k~r ~all b~ and nmaia liabb tor anr
~ d~tic~scT: aed ba~ ahall awo~mt b Mak~c loc aaT w~ptus, but sank sbati Aa~~ ~ dqht w applT a11 ar anT pact d sucn surplus lor b Lold th~ aam~
u a r~w~ aqaioN) ~aT asd aII WLK Wbi1WM at Nch o[ anY Mak~r b Dao![. ~ -
~ No ddaT a~ omasfoa aa tb~ pari d Daak in ~snci~faq aay siqbt bK~n~ shall op~raM a~ a wa[~~ d wch itght or d anT otL~r rlqht und~r
~ thi~ aoM. Prwntmret d~saad. probd. owla of dia6oaar. and ~sMnsloa d tia without notlw ar~ b~rtbr wd~~d bT wcb and ~~~rT Obiiqar. '!h~
~ o~q«s, fao~ +sa ....:+nr• wo.w aaa sy~« w par .n ooa. a oon.wioe .aa aea~.~.• a.s .qwi a io96 d m. ~a~ a sueh luq~r
ama~nts ~ mat b~ r~nooaW~ aad juiM becvrrd a paid bl Daak fu adordoq thb aoN upoa t6~ ooeurr~na at aaY d~fauri. Anr naia eo ~tak~r shaU
~ b~ suft~d~atiT Mn~d Jos alt purpwr H pl~ad in W~ mail. postaq~ prrpar~d. addr~wd w or blt upou Ih~ pr~mws ab t~ addru~ ~bowa b~bw a aoY
oth~r addrMS abowa oa Dank'~ r~aords.
Mabr advowLdqM i~oMpt d a oo~pW~d oo~pl d tbf~ Noa on tM ~bon daa.
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