HomeMy WebLinkAbout0398 . ' ~ ~ INSTALLMENT FROI~IISSORY NOTE • '
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FIRST NATIONAL BANK OF FORT PIERCE - - - ~
. . BANK NAME: . _r . y . IS~ L~?.~+a~~~c~` _ _ " :s • ~none
POST OFFICE BOX 970, Fort Pierce, Florida. 33450 ~c~ oo~,,,~,.,,t,~,s,.,,,a, : s 28. 65
OFf ICE AOURESS_ . ; _ . t; : : ~ - to~ _o~n.~ cn~~. t;~,,,~. _ ~ s • none
- ~ . ~~a ~ ~ s none .
Nr1TC NO. DAT`D: TW16 T 18 78 . IF! S ~ ~ nnn[~! y
- • • - - ( W Anwunc Fin~ncM ~ 19 0`Z $ 6 S
OuE• T ne 15,,, 1993, - 19_. (A, B, C. D, E. F) - !
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PU?CE• FQ~ ~~l~ie ~ , FIORt W1 (11 (,lndic Inwstiq~tio~ s 1 S. OO
For w!w r~piwd, th~ uodKSiqn~d lMninatc~ cNNd='MskN"1loindy ~+d ~w.d~r lit - O~~ s nnne
IK! S
ma~ tnso on~i p.onws~ eo pay co o.d~. of cM 9ank, sc ia of rip Iisad ~bow. eM Toal ROfle
o~ Pa~rmNia~lr.an fNl.~ rghtl ot ~4, 369. 80 ' Do~twsvwabw~n 60 . lU ~ t nene
~ous~ month~y inscatkn~+a ot = 406.13 ~ ~ ~;n~ IMI F~NANCE CHARGE .
„uuu~i dw o~ ~1,1., 15 ,~g18. ~nd wbnqwni insnltr+wna dw oe • (H, i, K. ~f s 24~ 33 6? 1 0 _
. _ (N) Total of Pa1?rt~na (G + IW = . . ~
s~ 15 wtr ot ~~na+ch q~tur, to~d~« wid+ a FlNA~ 6A~lOON vAYMENT OF: : ANNUAL pERCENTACaE RATE 10 -(1(l 9G .
i - ' OtJE 19
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TM 8~nk ~AW iw+0or a dilinp~e~+ey d~ar9~ a~~ tM MdeK on an1? WY+n~nt-whieh hw b~carr due snd nm~int i~? d~fault fw a p~riod in ~xcN M 10..
d~ys ie sn amoune pwl to 5% of dM anwune at ct» pri~eip.1 p~re ot tM psyrn~nt in d~fw~r. In cM ~wnt enu ch~ Now is not piid in tu1~ at matw~ey. a11 ps~r- .
~ nr~a, wMtlNr p~ineipN. ine~rat w odwMri~. sh~ll b~a inq.ae at tM maxi~m Ipsl r~t~ slbw~d w+d~. th~ laws of eM Sua of Ffaida. Ali pay+n~na md~~ .
hMwndK sl?~li b~ en0it~0 first-to inarai and tMn to V~~~P~M. Aoww~~, in eM w~nt of dNault: tA~ 8ank nw1?. i~ its ~ol~ di~ention. aPPh/ ~nl? PsYrnene co~
ineer~sc. ~tintipN and/or IawfW d~p'tUM~ aocrud. It is.dw-intsntion oi tht psrtip Mr~to th~t tlNprarisions Mrtin s1~N1 not povid~ dinCtly or indir~etly.
- tw cM paym~n~ of ~ qrNt~ na oj int~ntt or tM nt~ntion ot sny otAtr cl»rg~_ th~n is allow~d bY law. l f~ for any ~wson, intar~st in ~xqss of wch {~l rat~ or.
s chs~ poAibit~d by taw shNl at sny tim~ D~ piid, sml wch ~xpss shall titAK constitua snd b~ tr~st~d ss s payme~+t on t!H p~incipal or b~ returKl~d dirxtly-
to tf1! MikM: : . - . - - - - • , _ _ • - '
• TM Mska m~y prp~y tM ~ntir~ w+psid b~lanq of tht W~n st any tirtM. It tl+~ losn i~ pr~p~id in full, stple.aad o~ nf i~ano~d. cM FA~kw fhs11 rewiw
nlund of th~ unMrnd portion of tM intemt ~nd inwranq pr~niums compuad by [M Ru~~ of 78's rnsthod, exppt that th~ 8ank shMl b~ antitNd to nuin
s minimum ietKat d~up~ of s5.00. .
CREOIT LIFEAN~ CqE~IT LIFE b OISABfLITY INSURANCE ARE VOL'UNTARY AND NOT EiEQU1RE0 FOR CREOIT. Such itqursnt~oo~w?~ is.
avai4W~ tha ~st d~si~+~~d bMow for tM tam of tM ondit: (~1 S none ~a G~dit 4t~ In~u~~ (W s ' _
tor Gadit 4t~ b Diqbility~lnfu?s~fo~:.,.: ~ - 9 _ - _ . . _ - ~
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~ ' CI»ek ? G~dti-l.ih In~ursna a d~ond oe? ~M ~it~ M' . ~ - _ _ -
, Avpl. . _ . _ _ _ _ - 6irtAdat~ - :
Bo~t ? G~dis,~ih 8 Oiability:ln~wane~ is dai?~d oe= . - - - ~ - - . . _ . . - - - _
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- . ~ G~diEl.ih andlor Di~bilitlr~li~wranw iswotdair~' . . - - - . - ~
Jt1]c1e.7~"-1978 ---t!! , -.:~--~i;==-~' tur . d ~ ,f
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j, ~tcu?itll for ~ of tht ~ tM Malca hKibY 9rsn t Ban s uy in m the ( owi - _ -
unsecure~w~t~i
secvn~mortqage as ac~~t~`ona~co~ate`~~`- see~eg~esc p on on c o _
r•;• ~ r.ote~.--=.: _ - _ _ _ . _ . . . . .
- y'_t!idnd'ag alt in~+~: Wb~titutioiMr~~NUoannnts,. sdd~tioer and soo~uioes tMrtto snd in tht p?oNWt d?erQOf (I+Kei~sfter plted °ColfatKS1"1. This f~writy
~.,ini~rNt sAMI abo t~wr~ snf? otf~•iedbMdrws or liability ot tM 1Meker to tAe Bank dinct w indirect, absolute w rnntingeM, dw or to becom~ dus. naw eX-
~'f~_ ittiig or hMMftft.aei~M~ ineh+dn~ a1C~ adv~r~s o? lorns by tM B~nk to tht MskK.
- ~i.
TA~ 6~nk is aM~qivN~ ~ li~n aeid s~~arritY intN~st in slt property and ~ecurities of the Msktr, endor~er, wrety: guarantor w xcomrnafstion paty of this
~~lOte (hNrinahK ntKnld to st thf "~blgors"1, nQw in or st sn~/ time here~fttr tomitg into th~ tontrd. tustody or possession of tht Bank, wfNtMr fo? ih! ~x-
0?~d PwPose of b~iny u~d bY tM Ba~k as Collaanl, or for sny othe? purpw~, snd uPo~ ~~1? bslarlbe or bslsix~s to the credit of sny socouna, ineludi~g
rrusr and sg~ncy a~owu~a m~i++nin~d wid+the Bsnk by an~y of dr Ob1i~s, and tM Obligon agr» te deliwr to tM Bank additionsl Colbter~l or n+ake wCh
paYm~nts in nductiw~ of tM principN artaunt of th~ ioan as ~h~ll b~ s~tisf~ctory to the 8ank, in tM want tfi~ afor~ms~tion~d Collattrsl shall dedine in v~lw
or wcarr urwtidactorr to d» Bank.
Add'niau to. ndretions w e~ M, or ~ubstitutions (or the Coll~taN. WYm~na on aocaen[ of thit losn or incnar~s dt M~t ssrM. w otAu lo~+s madt
psrtislly w wfally upon the Co1laMrsl, nry frpn tinr to titn~ b~ +rnd~e widwut aff~c[ing ths provi~ons of this Note. The Bsnk shsll exercis~ rewo~sble qre ier
tM wstadl? and ppKVnion of tM Cotlat~rM to tM ~xanc nquind by spplicaW~ statuce. sod shsll be dean?~d to hsw exercis~d rMSOeaW~ pr~ it it aka wch
aciion fa dat purpoM u Mrkw ~hMl nwa~b~Y hqwst in wricirg, buc no omiaion [o do any act not nqwsted by Msk~r shsll b~ d~msd ~ i~8ur~ to eaarcae
~~a~a~abN pn, and no omisaion to temply with sdy nquKt af Nbk~r ~hall of itsif b~ d~ert~sd a tsilun co ex~rtiae reisonabl~ can. Bsnk shsll not b~ Dound to ;
ak~ sny st~p~s n~ohyryr to P~ +~1? ri~a in tM Co11sWS1 aqsinst prior p~rti~s and M~lu. shMl aks all ae~sxy tt~s tor sueh purposes. TM B~nk or ia
rwmine~ nNd not oolNet int~nst on, or a PrinaPM of. an1? Co1laa.sl or piw amr notid wid~ rapct to it. ~
71+e 8snk msy continw ~o hold sny Co11mrN Qeposi~sd her~und~r sirer H+e psym~n~ of Mis Note, if at the tims ot the psyment and disd+s.p~ hu~oi sny ot
the psrtie~ luDle fw th~ psym~nt Mnof M~Mi b~ ct~sn dinctly or oontin~?t1y li~ble m tM 8ank ss Maksr, endorser, w~aty, gusrancor w socurn~nod~tion ps~ty
of sny otM? eatt. drsft, bill of .~xdwg~, a othM instrun~nt, or atl~arwi~. ~nd cl» 8a+k m~y tMrNftar lxereise at! righri wiM thp~et to tsid Coilstenl
gnrit~d M?~in Mn tlroigh thi~ No~ ~IaM hiw bMn fum~ndNad to tM MskN.
{t th~ Bank d~MtK inNf ins~cun w~+pon the h~pp~niny of any of tM tollowiny wMU, each of which slalt eorociate ~ drfault, s111isbilitie~ of ~eA Maker co ~
tM 8ank, includinp tA~ Mtir~ unp~id p?inCipN ot Mit Not~e and aOtruW inqtitt, f~ srty une~rn~d interat and sny interM in exoess of tM msxNrnxn sllowsd
bv 1aw snd any nb~m rpuind by Iaw, ~hsll imn~di~aly o. Maedta, at d+~ ovtion ot ~h~ Bsr~lc. exoap~ thac cM oocur.ence ot (c) or ldl shstt cau~ sutomsc-
:c scplpsiion:witAout nptiot or d~nr~d, b~pon~dw ~nd pry~bh: (a) tM failun of sny dbligor to perfam sny obligition, iiabiliry or dsim to tM Bsnk, to psy
~nter~t herson within l~dtyf aftr? it is dut, or if tMr~ it no dw dt». sfter it is blMd or OthenMi~ nqu~sted o? demsnd~d, o? t0 WY +~M/ Oth~? liability whlrt- ~
sxver co tfw ~anlc wh~n dw: lbl tM dNUs of any individual Oblgor, tM di~olucion d any pKtn~nAip Obliqor a the Qisso~utan. lf'fK9K p OIMf~pliditlOfl MnCM
ast Mt Bsnk's pr'~or w?itt~n ep~Mnt of Mh? capoat~ Oblga: (c1 dN tilinq of a O~tition in b~nkruptey a tM sdiud'wytion of insolvN~cy p Wnk~uptty undK
~m ?~Y+~~~. ~t Of ~Ot. diMOlution,.liquid~tion a sirnilsr ~xocMding undN any Fed~ral w~tse~ ststut~, by w s~wntt any t
~ OWigo?: td) an applia[ian for d+~ appo+ntnwnt o~ ~ r~e~i~ ta. w tht m~lchfy of a,M~rd as~i4nmrnt fo~ tAe benefit of tr~diton b~/. ~nY Obliyor: tM u~try
~ o~ ivdS~+w+t s~ sn1?•Oblipr: (f1 tM i~wriig d anY ~eqdieMnt or ~ma~t, o? tM (ilirg of any li~n. ~ysir~st ~ny prop~rtY of any Oblipo?:1l1 tht bkirg M
coses~ion of arw w~tiM P~ d tht M'oV~~1l of anli Oblipr ~t eh~ ie~stana~ d any yoM?nrmwtai wtl~ariri: 11+) tht d~eannin~tion bV eM 8sn1c dat s nNari-
s+ sdvws~ elwp~e hw aeewt~d in Iht fie~tiN aonditiow d anlr Z7DIiqo? trwn t1K oonditiwr »t iortA in tM moat reosne fina+eiN stss~rrMnt ot sucfi Oblipo?
Mne~ton twnaMd to dM 8ank, or han tM oardition M wd~ abtiqo. as h~nooton most nosnd~? didoMd ~o t!M B~ntc. a M+~t aew w~+ne1~. nv~ww~mion.
certHio~q a ~e~a~wt-of ~r GE~fpr ~wMdar me?raind M d?ft Nw~ cr naf.~rssinirq to o? in oon~etion with t1~k Ner e? tM 1~n ~rfd~e~e~d by this No[~
conai~s an uiww tMUnwK d nrwrl~l Act or anits to ~ erMrid fset mawMY in orda to nrk~ tM seaan+wits rn~f~ eot n~iNMdin~ ar, lii iM swiy~~
r*+ent by Mry Msbr vf snf! puih? in srry ef tt~ Coli~t~ral wiMo~t tIN p+br writan ow~irt of tlr dnlc.
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T1N 8MM[ ~1 11~11~ bYt ~MN IIOt ~ Nllli~tl Lp.1111 f~It~. Of MIIfiCh RNy b~ ~fIM'CIMd it M1y ti11M ~111N11N? OI /IOt lb~f NO~ ~i ~Il: t~ ~
p~~d~ O~ b'~11~~/I 1~1~ NOM Mld 1~If L`O~d r1d ~M MI~ 1~MfrIQ01~ bf ~Md d~ i~1 dYI~M MI~ f~OfMi1~{~L~! ~I~f~IN1~I afld f!~l11b ~/0f1~ M1y MIV iu
1Fi~i~1~ MI{I~ f~C~ f0 ~Iw CiO~MMfM p p~d Of VMM/Mfb~ afld O'!r ~11~~ Of ~/li~f« l~y~~ ~01 ~ p1MpO~M fTi1d j11 1~N a~pR O~ ~IR eM1~L ~1~1'lYfl~f M1d
haN aM tM ri0hit af ths S~nk hMaMdw: tiN 1o tr~lw 1M wlw4 ar an~? ~t d tM Collte~ral int~ d~ n~rN d iwH a its naniew: tiii) to vor tM Colbt~rM:
. liv? to ~otifr +h. oe++pr• a«w co+MnnM a nrk. as1?~nt to d+. sw+k a.atr a~++es du. o. a e.oon~x ew tho..on: hrl ~o a«nnd. w. fo.. oon.a. o.
m~ics ~n_y eoa~oe+iN a wttMnM+t it dN~nt d~Mrabl! whA nl~rna ev U+~ CoNsanl: and (vi) to sM~ powwNow or oontrd d aar Orowda d Coqt~N. _ i
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