HomeMy WebLinkAbout0563 . - . . :
, ~ INSTALLMENT PROMISSORY NOTE -
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~X . : . - - _
(Al Amount pK~,wd = 11 ~0~ . -
FIRST NATIONAI. BANK OF FORT PIERCE _
bANK Na~E _ 191 Pr~m lor Cndit -
; ~ : - ur.ia~+s~ s none . _
Post Office Box 970 Fort Pierce; Florid_a__ ~c? ooa~~+»~+euvsw~vs Y s 3,6.65
oFFicE aoDRESS ID1 OthK Char~t li~~n~:t1 : none -
- - _ - ~ E~ ~ s none -
.'~C.-E NO. OATEO: ~ M~.~ 23 , ig 7R , tFl i 110T19 -
(G) Atnount Fin~ead Q l ss 6~J
ouE: Mav 25 ~~g 88 , (A, B, C, D, E, FI S 11 . _
~H~ i~t...« s 6.609.15
Fort Pierce ,FLORIpA ~b~~~^~~~~~a^ s 25.00
PLACE' r a n_.__ ? 11A1'1A -
. vuw~ ~
For vslw ncNV~d, tM und~nign~! (hK~inaltN a1Nd "MakK") joinNy and ~vNMly (if (K~ s none
mor~ tMo ont) Womis~ to paY to th~ ord~r of tM 8ank. at ip offitt IisUd abow, ch~ Topl _ s none ~
ot Payn»nts Urom IM) st ~qAt) of,.,~„~7 - s r+~ _ SO ppll~ts piysbN in
eqwt monthly instsllnf~nq of: 147 _ OS ~ , en. t~ni ~M)_ FINANCE CHARQE 6, 634 .15
(H. 1, .l. K. L) S
msui~m~n~ dw on _,T3lnp 2 5 ,19~. ~nd ~ubs~qu~n~ insallm~na dw on (N) ToW of PsYm~e?n (G + M) S 17,~ 650 . 8Q .
c`~s_~_day oi wch nweth tMr~slt~r, to~thK wid? ~ FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE 1O _ Z S 'x
S None DuE None ;1g - • .
Th~ 8ank shall irtpo~ ~ dNinvu~ntt? chKy~ spainst tM 1r4ka on anY WY~nt whieh hu b~ownt dw and nm~im i~ d~fault tor s DKiod in ~xowa of 10
days in s~ amount puN to SX Of tM iMrwu~t of tM priecipN p~rt of tM paY~+t in ddwlt. In tht w~nt d~at tM Note q not psid in full at rtaturity. sll Wiy-
ments, wh~tMr pineipal. intKest or othKwis~. thsll bw iot~nst at dN msximum Isp~l rat~ sllow~d undn tM Iw~ ot M~ Stit~ of Rlorid~. All paytMnes mad~
hsreund~~ shall b~ Cr~ditld firft t0 ietM~st and thM to printipN. howawr. in tM w~nc of d~faule, tM B.dc rosY. in ia ~ob disencio~. ~pph~ sny payn+~n~ to _
intarast. p~inCipN snd/or lawlul Chsr~i dNn sOCrwd. It It tM intMtiOn of tM partiM hK~to that tM p~OVi~~OM h~nN? shsll not prOVid~ dinetly O? ildit~ell~1 .
tcr tA~ paym~nt ot a 9rMUr nt~ oi intaat or tM nt~ntion of ~ny otha chsry~ tAsn is allow~d by tsw. lf, tor snY rMSOn. intanst in ~xaat of wch IpN nn o? .
a~n~.~ aon~c.a a? aw ~i a~ a~,r ~me a w~a. sny wch ~xoas shatl eitAa consticuu snd be aestsd a a psyrr~t on th~ M~ncipN a b~ nfund~d dincdll
co cne r~A.a... - ' -
Th~ M~k~r m~y pnpsy th~ ~ntir~ uop~id balsnce of tM loan at sntr t~m~. 1f tM loan is pnpaid in 1u11, acul~rsted or ni~Mno~d, tM MskK shall r~aiw s
retund of ch~ unwrmd. pwtion of tM inunst ~nd inwnnp pnmiums canputW by tM Rul~ of 78's ~netAod, ~xapt Mst tM Bsnk sh~ll b~ u?tithd to nt~in
a minimum intN~ft Cf1uq~ of. ~J.~O. ~ • .
CREOIT ~IFE AND CREDIT LIFE ~t OISABILITY INSURANCE ARE VOIUNTARY AND NOT REDUIRE~ FOR CREDIT_ Such inwranotoovaa~is -
availabl~ ~l tM Cost d~sion~ud bNow to~ tM t~nn oi tM uadit: fa) t Non@ tw Cndit Lii~ Iruur~nc~ (bl t None
for Cr~dit 4f~ ~ pis~biiity I~qunno~; °
cnxk D C.bit I.iti trauano~ is d~sind on t~ ~i~~ of - -
. , . . - . - - - - ~ - - 'au+dsa _ .
APP~• _ - .
8ax ~ G~dit.~if~ 8~ pisability Irnursnc~ is d~sitid q~- . _ ~
- . . . . _ _ _ _ 8`rthdst~.. ' - - - - ~ - ' _
_ ~ G~dit [:if~ and/o? ~~diliqr IMUrM~q is not dKind. _ _ _ ` ~ _
oat~: Mav 23': 1978 ' - -S~acun w• - ' - - •
- • - _ _ - _ _ -
~ :t: . . : . -iij._- ' •iC'._ , -~IIiLYre ~ ` ~ - . - - - - - . _ - ' - . _ -
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As soa+rity for tM PNm~ne ot th~ Non dNe MakK h~nby ~rsaa eo tM Bsnk s s~turity i~ta~at in tM /ollowin? P~oW?h?~ -
eq esc on------------------
; -
~ ndud'?rg au o+cnn.R. wbstiatio~s. niv+n~«na+tf. .dd~t~oa..nd .oa..ion. dw.so ana. in U~e rxoa..d. dnnof (n.e.N+.tar wNd •~caawsrl. ?Ab ~.a+rit~r
~ intersu thMf ai~o`New~ M+1? otMr ind~bt~dnMr or liability~ of•t!M MMc~s to.1M 8~nk dineTOr M~dMet, aboluct or oontirqent, dw or to b~own~ dw. now tx-
~ isnr+Qos MtMtt~c~i~i~L indudinY slttuuu~ a0wiar a? IoirN 6Y tM 6~nk to tM M~ke?:
T1s Bank is abo ~ li~n snd a sia~rMl i~t~t in d1 prap~rh and pcu~i[i~s o( tM M~kK, a~do.~. ~untY. puuancw or aeaorrrnodstion p~rty of thir
Nott_ (~ta~.e~firt~d [o a~ tM "Obli~or~1. now p~ a at sny tim~ h~rNft~r oomin~ i~to tM eontrol. aswdY or poss~ssan of Mt Bank. w1»thK fa tht ~c-
p.~d purpo~ d dwN wrd bY tM 8~nlc as Collatrral. o? for ~nY otMr PurOw~. snd upon snY b~lanp~ or l~Ir~oa to Me rndit of say sooouMS. indudin!
trust and ap~ney i00owns mdntain~d wiMtM 8ank bY sny of tM Oblipon. snd tM Oblipors sprM to dNivK to th~ Bsnk sdditionM Coll~twd or mdc~
`~psymN?ts in nduction of tM pri~eipN anwunt of tM IoMf a~ d~sll b~ satisf~ctory to th~ BaNc, in d+t ~veM th~ afonmentia+ad CollaurM shNl d~dine in vMu~
or b~conM unptisfactOry/ to tM $snk. -
Additiora to, ndretioen w tx~h~epN of. or substiwtiom for cM Collsanl. PMmu~a on ~ooount d~ha ban a inu~+sa of th~ ssme. or otha losrK madt
pertistly o? ~Iw11y lipon 1M Collat~raf, iMl f?am tar~ to tinr b~ nrd~ witAovt aft~etirq t!N provition~ of this Not~. Tht Bsnk ~hsll ~ztrciae rwonabb prr ~
tM a+atodlr ~wd 0~ of tM CoM~wM to tM ~ct~nt nquir~d b1l +iPaiea6N ttstu~t. ~nd M~MI b~ dMwMd to hsw ~xutiad r~iaabb c~n ii h qk~s ~h :
xcion fa tMt DwP~ as ~Mlar ~MII nMOi~b1Y rp~wt in w?itinp. but no omiaion co do s~w acc not nqws»d bY Mok~r ihsll b~ d~m~d s 4ilun co ~xaci~ ~
ressornbb dr~. and no anittion to oomWY wfth ~n1? hqw~t of IiA~k~t fhNl ot itsNt b~ d~M~Md ~ failun W~u~rcis~ n~son~We e~n. Bsnk shMl not b~ bound to ;
ak~ arh? st~ps moMwY to O~M MM ri~ts in tht CoN~twal p~iirt WiOr Optirt and M~kN thall tdc~ NI ~ry stpt tor ~uth purpoMS._TM 8ank w its
rwReinM nMd not oo~t intK~st on. or ~ pineiPM d. ~nY Call~tKtl o? ~iw aW notie~ wiM rMp~et to it. , }
Th~ Bsnk nry eontirw~ to hold sny Co11atKN dpaiad Mr«+r~ dte~ th~ WYmw~t of this Noa, if st the tims of tlw payment snd di~d+rqe hereot a~y of ~
~t partiu IiabN for tM P~Ynwnt har~of ~hMl b~ M~n d'inetly or oontinqu+tly IabN ~o Me 6ank ss Mslc~r. ~ndo~su. ~unty. 9~+rsntor a~ aocoernodstion psrt~/ g
ot u~y otf~a not~. ~rsh, biQ d~xdw~. a otha in~trunMnt, o~ otMrwia, and tl» Bank nwV thenatar ~xKCCn~ sll ?igba with rap~et to ssid CollaarN ~
yrsrttd Mnin w~n theiqh this No» slaM h~ b~~ wKr~~d to IM M~IcK. :
sf ;.'w 8ank doems iualf int~cun os ~pon th~ h~pp~ni~p of any ot th~ fol{owiny ~nts, pd~ of which shsll so~ntitua a dNsult, Nt li~biliti~s d ~ch MIs1w to
eh. Ba~+l~. inel~din! tM ~ntin unp~id P?in~l of tbi~Noi~ and aoenud-i~pnat.lsss ~w1? un~n~d intuwhw~d-~nY ~Nt in ~xa~s of d~ naxi~ni+rw ~Ibw~d
Dy l~rv and M~Y r~b~~! ~quir~d by (wN, ~I~N illwlfdwiY W d1~fNf~MN. at 1M Optr011 Ot tM Biflk. fxuPT thit tM oawrlllC! Of (C) Or (d) ~INI) C~YM ~utOmit~ s
ic acal~r~tion: witlfoYt ~otip Or d~in~Nf, b~OOnM dw Mid OMabM: ld tM faiktn of ~Iy ObliOor to pKfontl antt oblqttion. ~i~bility or cliinl to tht 8an14 to pM ~
~ in~ers~t hawn within 10dM~ it_is dw, o~ if i~ no dw da», ~ftK it i~ bi1Nd or-othKwis~ na~a»d or d«nsnd~d, o~ to psy sny oth~ li~bilit~r wAat-
~ so~vor to tlr Bank wl~~ dw: (b) tht drWi dirry indiriduN ablpor, tIM diwolution a~ sM? 0~~~iP Obli~or.or Uw di~tolution, m~rYK or oonsolid~tionwith-
out tM Bank't p~ior writun owMM~t d atry o0rpwst~ ObN~or: kl tM fiiieg of ~ p~tition i~ bN~k?uptl.y a thi adl'udiqtion M intolv~nq/ or bank~uptty undw
ar?Y ~vey~ni:atioa. !rr~eqee~+t. r~tnnf~~ of d~bt, diNOiudon, l~id~tion or sin~ilsr ProeMdin~ undK inY F~d~.~l or st~t~ ttstub. bY a~~ ~^1?
' DbiFqor: W) ~n yqliation ~a tfi~ aoP~~~ d'a'i~ai~ ta, or th~ mMcin~ d a~nNSI asi~n~+t tor tM b~~tit ot enditon b1?, s~r1? Obliga: dM ~nw
d'tudpn~?t p~ie~ ~w Oblipr: (/l tM iwi~p d an~ att~elw~w+t or avni~e~~ or tlf~ tiFin~ d any {i~n, aMinte an1? P~~~Y ot ~ny Ob~por: f9) tM nkin~ d
v~on o~ +rw witf~antiN P~ ot tM p~cp~rtY of an~l abfipr at tM inaano~ d re1? 9~~MOta1 authorit~t: (b) tM d~t~min~tion bY tM Banh dat a ewrri- -
al sQ~w lii ooewnd irl t~ fin~iN oo~itfon of ~n'f? Obl(oor lran tM oondition~ f~t taiM ie dw nw~t r~t fin~nci~i =nwn~nt d weh Oblgor
??a~eofon turnidMfL ts t!~ 8rnk, a kae tIN ooedidon d. wd~ OWioo~ a~ I~tar eno~t hoMt11? dMdoMd m dr ~e+k, a dae any w~rnnty, ~pm~a~ion,
ee.titiew or tt~t~M d s~1/ Oblipr (wMMIMr eo~taii»d iw MIr,Nol~ or rwtl0~taiAk~ en o.r M oonMCtbn wid~ thN Not~ a tM lo~n wridw~pd. bl? dN~ Noe~
' consaiiw a~ wMiw ~i~nt of inn~riM-lfat o. oeNa ~o Mw n»wid i~errwowwr ~i o~br m~ eh. saanNna nne. not n+irwiii~ a.. lN tM aM4F
m~nt b~t ~n~l M~irw af ~ ~quitll. ie d ttM CoiUiwM wid~tt tM prior writww oaw~t d tM ~k: • ' ' . ~ ' : ' : ; . : ~ , -
. a,~.___ .
'~TMi ~dc ~IwM Aw~. but ~il not b~ Nw+i1d 10. d~ ~~t ~~r. ~h d nA~ieb n~l M awri~ ~t an1? tinN whMlNr w not d+it t~lert i~ drr. (i) to
pt~~ o? trsrrtK dli~ NoM ~nd U~t CoN~Ind ~nd 111t OMk rnll tM~Mipon bf erfiw~d of_dl dutl~s ~nd e+~pona~bilitia lwtw~~ ~nd rNi~Nd trow~ ~q? and aN ~
1t~t1/ Mlh n~qst fo ~1M OoM~MrM t~ d~M/w tnwbn'~ aM w~ plydM~ M e~nsiww sl~dl tM aM M~oaM Mwd M 1M pMei vi dw ~It AwwMidK wd ~
~ nw~ dl tM.~ts ~t tM M~~c I~rw~+:IW te u+MrNr tM wAoy a~? o~ d_d.r CdhwM i~s ~ r+~ne o1 ispM or ia na~~w: tiiii to vots tM Co1l~aral:
f M to nail1/ tM Cbll~ei~ d ww CoM~f a wM~ Pw?~w~i ~s ~M l~nk d ww ~+oun~s dw or eo b~m~N dw dirra+: e.~.~,e. ww ro., aon.~. o. ~
m~k~ ~n~? atnipraNw or rttbnynt k dwlr~dwinbM rMd?eM~n~na ta tM CoNtwal: and_tvi! ~o dc~ Oa~wio~ or oontrd M an~? poa~b W CoWarM- ^
_ • :If.-~-:1~;_ ~ 11~ +l = s?'--- t'' ~ ; • - . _ _ . ~
~ : - ~~~t:,ll1,=2~f~t~1~1{;~~+li=;i~i =~il=3i; f~=,~f=!#i,-:l~t;:..~", "i~~.
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~~1C~ aEE ~T11ER il DE FOf1 1 ~M/'OIfTANT 1NFORMATION Q~~~~ ~b' •~~F•.
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Fas ~s2^R..,. ~n~ - - - - I. AODIC _ ~ ~t-
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