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Home My WebLink About0237 INSTALLMENT PROMISSORY NOTE SH?: ~~N ~ IA1 Artwum Rece~vrcf S s~~~~~ BANK NAME (8) P~em~um (or C~ec1~~ L~le/O~saONity Ins. S .~1~~2 P~0• o0x 7~ Je11sM 8e8th~ F~. 334',f7 (C) Ootumentary Stamps S c~FFiCE A~DRE55 (p) Q~hgr Charges (ilem~te) S A~M Jun~ 28th ~E~ s e~s NOTE NO. OATED~ . 19~ • lF1 S A~~ IGi Amount Financed ,~9 37 ~~;E Ju2y 6, , t9 93 . ia. e. c. o. E. F~ a S. . INI Inteiest S PLACE: `~MSlA ~aCh! , FLORIDA Credit Invesugat~on S AQno IJI Other S .~~e For value recewed, the unders~gned (here~nalter called "Maker"i ~omtly and seve~ally (ii (K) S ~M more than qnel p~om~se to pay to the order of the Ba~k, ai ~ts ofi~ce I~sted above, the Total ot Payments (~rom (N) a~ nght) of 6.,704.4~ Uouars payable ~n tti S n~~ ~:iua~ monthly installme~ts of S 111 _74 , the ~int ~M) FINANCE EHARGE - • fH, 1, J, K, L) S 1~~~~03 ~ns~aument due on ~~OV:t 6• , 19~, and susseyuent ~nstaliments due on INI Total ol Payments (G + MI S ~?~7~•a0 ~ne_~day ot each month ~he~eafter, toqeche~ wi~n a F~NAI BA~~OON P/rYMENT OF: ANNUAL PERCENTAGE RATE 10•~ 'K s N:Jr~ puE - - , is The Bank shall ~mpose a deli~quency charge agamst the Maker on any payment wh~cA has become due and remains in detault for a period in exceu ot 1~ ~f,~s ~o an amount equal to SaXa of the amount o~ ihe prirKipal part of the payment ~n default. in the event that the Note is not pa~d m full at maturity, all pay- ~nen~s, whether pnncipal, interest or otherwise, shall bear mterest at the maximum le9at ra~e allowed under the Iaws o( the State o( Florida. All payments made ~~a~eunder shall be cred~ted flrst to interest and then to pnncipal, however, ~n the event of defaul[, che 8ank may, in its sole d~suetion, apply any payment to nre.est, pnn~~pai and/or tawful charges lAen act+ued. h is tAe mtenUOn o( the parbes hereto that the prov~sions herein shall not provide dir~tly or indireCtly F;n the payment of a greater rate of mte~est or ihe reienuon oi any other charge than ~s aUOwed by law. tf, fo~ any reason, inte~est in exceis of wch legat rate or 1 cnarge proh~bited by law shatl a~ a~y ume be pa~d, any such excess sha~t enhe~ conshture and be treated as a payment on the prlncipal or be retunded d~rectty i : the Maker. The f4taker may p.epay the en1~~e unpa~d batance of the loan at any ~~me. I( the loan ~s prepa~d ~n full, accelera[ed or ~etinanced, the Maker sha~l r~e~ve a .•+~nd ol the unearned po.aor, of the inte~est and ~nsurance premwms computed Gy ihe Rule ot 78"s method, excepi that the Bank shaH be ent~ded to retain : ~n~n~mum interest charge of $5.00. CREDIT LIFE ANU CREDtT LIFE & OISABILITY INSURANCE ARE YOLUNTARY AND NOT RE~UIRED FOR CREDIT. Such ~nsu~ance coverage is ..,nable at ~he cost des~gnated be~ow for the te~m of tt?e cred~t la1 S ~1 •42 for Credrt Life Insurance (b) S Credn Life& D~sabilrty Insurance. ~heck Lj Cr¢d~t L~te Insurance is des~red on tAe I~fe ot ~~M~11~0 8r0'M~~ •~c>t~~. BirtAdate ~T~?3 B~~ t__; Cred~t L~fe & D~sab~~rty Inwrance is desued on ~nhda e ~ Cred~t L~te and!o~ Disab~l~ty Insurance is not des~red ii,te J1~:1@ .Ga~i1~ ~Ci~a S~gnaturex Signature As sECOtlygf~r thp~((~~~f ~ th;s kPti SCrY ran S t~ph ~raa~Q r~m~~:t ~n the lollowing prope~ty i. -r ~r~ r~j~t Q~ i i ~c~udmg a~l increases, subst~tuuons, r¢placements, addiUOns and accessions thereto and m the proceeds thereof (hereinafter called "Cottaceral""1. This security n;e~est shall also secure a~y other mdeb[edness or hab~l~ty of the Maker to the Bank d,rect or induect, absolute or cont,ngent, due or to become due, now ex- ~zt~ng o~ herea~ter ansmg, ~nclud+ng al7 future advances or loans by the Bank to ihe Make~. _ The Bank ~s atso given a l+en ar~d a setunly mteres~ m all property and secunues oi the !Nake~, endorser, surety, guarantor or M~ommodation party ot this , No2e (here~nafte? re(e~r¢d to as the "Obl~gori'1, now ~n or at any t~me herea(ter com~n9 ~nto the control, custody o. possess~on of the Ba~k, whether for the ex- ;~~essed pu~pose of be~ng used by the Bank as Collate~al, or tor any otAer purpose, and upon any ba~ance or balances to the c~edit of any accounts, mcluding rust and agenCy actounts ma~nta~ned w~ththe Bank by any ot the Obhgors, and the ObGgors agree to dellve~ to ihe Bank addit~onal Collateral or make such c~.+vmems in reduction of the princ~pat amount of the loan as shall be sat~sfactory to the Bank, in the eve~t ihe afo.ementioned Collateral shall decl+ne +n value t)2COtM unSOtiSfFlCtory t0 lh@ Bdnk. Add~uons to, reduct~ons or exchanges o(, or substrtuuons tor the Collate~al, payments on account ot th~s Iqan o~ ~nueases of the same, or othe~ loans made ,,-t,ally or wholly upon the Collateral, may from time to ume be made wrthout affecung the provisions of this Note. The Bank shall exerase reasonable care in ~n~ custody and p.eservauo~ of the Collate.al to the extent reyuued by applicable s~ature, and sf~a11 be deemecf to have exerc~sed reasonable care if it takes such aruon fo~ that pu~pose as Maker shall reasonably request in w~iteng, but no om~svon ~o do any act not requested by Maker shall be deemed a failure to exercise •easonable care, and no om~uion to comply with any request of N1ake~ shall of ~tself be deemed a fa~lure [o exerc~se reasonable care. Bank shall not be bound to ?aKe any steps necessary to p~ese~ve any nghts in the Collateral against pr~or parires and Maker shall cake all necessary steps fo~ such purposes. The Bank or ~ts nom~neei?eed not collect interest on, o~ a pnncipal of, any Co!lateral o~ grve a~y nouce w~ih respect to The Bank may cont~nue to Aold any Collate~al depos~ted bereunder after the payment o~ th~s Note, if at the ume of the payment and dix~arge hereot any of rhe pa~Ues hable for the payment hereof shall be then duectly or contmgently hable to the Bank as Maker, endo~ser, wrety, guarantor or attommodation party of any other note, d~aft, bYll o~ exchange, or othe~ instrumeni, o~ otherwfse, and tbe Bank may the~ealcer exe,ase aU r~ghts with respect to said Collate~al - y~anted herein even thouqh this Note sAall have been surrendered to the Maker. I( the Bank deems etself insecure or upon the happemng of any of !he follow~ng events. each of which shall const~cute a detault, all liabillues of each Maker to ~he Bank, including the enhre unpa~d princ~pal of thls Note and acCrued interest, Iess any uneamed inte~est and arty intwest in extess of the maximum allowed :,y law and any rebates requned by law, shaN-immed~atety or thereafter, at the opuon of the Bank, except that the occurrence o~ (c) or (d) shall cauu automat- ;c accelerauo~; w~thout notice or dernand, becomedue and payable: (a) the tailure of any Obhgor to perform any obllgatio~, I~abi6ty o? claim to the Bank, to pay ~n~erest hereon withm lOdays after it is due, o~ if there is no due date, af~er rt is b~11ed or otherwise requested or dema~ded, o~ to pay any other liability what- soevp~ to the Bank when due: (b) the death of any ~ndrvwuai Obigo., ti~e ~#iuo~ut+an ot anY partnership Qbl~gor o* ~?~e dissolut~on, merqer or ~onsolidahoo with- aut the Bank's prior written consent oi any corporate Obligor: !c) the filing of a petition in bankruptcy or the adjudication of insolvency or bankruptcy unde. ,,ny reorgamzat~on, a.rangement, readjustment of debt, d~uolution, liquidat~o~ o. similar proceedmg unde. any Federal or state statute, by or aga~nsi any Obl~gor; (d) an appliwtion for the appoi~tment of a rece~ver for, or the making oi a general ass~gnment tor the benefit of creditors by, a~y Obligor; (e) the entry of iud9ment against any Obligor, (f) ihe jswing ot a~y attachmenc or garnishment, or the tihng of any I~en, aga~nst any property of any Obligor; Ig) the taking o( possession ot a~y substanUal part of the property oi any Obligo. at the instance of any yove~nmantat auth~i!y: (,hl the dete~mination by the Bank that a mate?r- al adverse change has occurred in the f~nanciat cond~tion of any Oblegor trom the cond~tions set lath in the most recent financia~ staiement of wch Obl~gor he~etofore furn~shed to the Bank, or irom the condition of such Obl~gor as heretofore most recently disclosed to the Bank, or that any warranty, representation, cert~ficate o~ statement of any Obl~gor (whether contained in this Note or not) pertaimng to or i~ connection with this iVote or che ~oan evidenced by this Note contains an untrue statement oi matenai fact or omits io state mate+~al tact necessary in orde~ to make the statements made not m~sleadirg; or, (i1 the assigm ment by any Maker of any equity in any of the Collateral without the pnor vrritten consent of the Bank. The Bank shall have, but shall not be limited to, the following rghtt, each of which may be exercised at any time whether or not this Note is due: to p:edge or transfer this Note and the Co~~ateral and the Bank shall thereupo~ be rel~eved ot all duties and respons~b~tiues he~eunder and ?el~eved from any and a~~ ~~ability with respect to any Collate.al so pledged or transfer:ed, and any pledgee or transfe~ee shalt lor all purposes stand in the p~ace o~ the Bank hereunde~ a~d have all the rights of the Bank hereunder: to transfer fhe whole or any part oi the Coltaeeral into the name oi ~tself or its nominee: (~~ii to vote the CoNateral; (~v) to notify the Obligors o~ any Collateral to make payment to the 8ank of a~y amnunts due or to become due the~eon; Iv) ro demand, we for, collect, or make a~y compromise or settlement it deems desirable with reterence to the Collaterai; and (vi) to take posseu~on or control ot any proceeds ot Collate?al. ~ s~~kR ~~tJ raGE 237 NOTICE: SEE OTHER SIDE FOR IMPORTANT lNFORMATION F 85 752 Rev. 7/77 ~.~s,~ - - - - - . _ _ - ~ -~'c ~ ~ vs ~ ~ ~ a. . - r ~ ~ ~ . ~ , - ~ ~~.~,s^.~~,~~"~-~ ' ' ~ ~ _ -