The URL can be used to link to this page

Home My WebLink About0490 INSTALLMENT PROMISSORY NOTE ~ DE~~ ~ (A) Amounl Rxe~ved S~$Q,Q~QQ__ BANK NAME (B) Prem~um fo~ Cr~d~t ~~i•'~ Lite/Disabfity I~s. s POST OFFI(Z D07~ ~T. JEI~SEN ~F.ll~la FL 33~57 Icl Oocumenta~y Stsmps S~~ OFFICE ADORE55 (01 O~h~r Charq~s (hem~s~) s .u.w~,_~ ~e? s NOTE NO. OATED: JY~ 3 , tg~„ (F) ~s IGI Amount F~nanced DUE• JUly 6 , ~g~~, (A, B, C, O, E, F) S (H) Inte?est S - PLACE: FLORIOA Crsdit Investigation s =s~~ (J) OtMr = n~n~_' For value rece~ved, the undarsrgned (hsreina(ter Called "Maker") lointly and severally (il (K~ s rnore than one? promiu to pay to th!e ,order of the Ba~k, at its otl~ce listed above, the Total of Payments (trom (N) st n9ht) of ~+i~s• ~ Dollars payable in S equal monthly i~tta~~ments of S 80.76 , the I~rst ~M? FINANCE CHARGE (H, 1, J, K, L? S ~nstatlment due on ~~st b , 19~, and wbsequent installments due o~ ~N) Total oi Payments (G + M) S ~hE6~1 day ot each monih thereatte~, toqethe. w~~h a F~Ne?~ BA~~OON vnvMEr~T OF: ANNUAL PERCENTAGE RATE 96 s ouE n/a . ~9~L~. -~e:~'_ The Bank shatl impose a del~nquency charge agalnst tAe Make~ on a~y payment which has become due and rema~ns ~n default iw a period in exceu ot 10 c!ays ~n an amount equal to 5% of the amount oi the principal pari oi the payment in defaul~. In the event that the No[e is not pa~d in full at maturity, all pay- ~,rnis, whetRer principal, interest or othervvise, shall bear interest at the maximum legal rate allowed under the laws of the State of Florida. All payments made ne~euncfer sAall be c~edited fi.st to interest and then to pri~cipal, however, in the event of detault, the Bank may, in its sole diuretion, apply any payment to ~nterest, print~pal and/or lawful charges then accrued. It is th! intention oi the parties hereto that the provisions herein shall not prOVide direCtly or indirettly for ~he payment of a greaier rate of in~erest or the retention ot any other charge than ~s allowed by law. If, tor any reason, interest in excess of wch legal rate or ~ charge prohibited by law shall at any time be paid, any wch exceu shall either const~tute and be treated as a payment on the principsl or be ?etunded directly tu the Maker. The Maker may prepay the ent~re unpa~d balance of the loan at any t~me. If the loan is prepaid i~ full, accelerated o~ relinanced, the Maker shall receive a •~~und of the unear~ed porUOn of the mterest and inwrance prem~ums computed by the Rule of 78's method, except that the Bank shall be enuNed to retain ; rmnimum mte~E:st charge of ~1,00, CREUIT IIFE ANO CREDIT LIFE d~ DISABILITY INSURANCE ARE VOIUNTARY AND NOT REQUIREO FOR CREDIT. Such ~nsurancecoverage ~s ,~a~iable at the cost designated below for the te~m of the tredrt: (a) S 1$1. 71 tor Credit Life Insurance Ib) 5 n~,~ <u~ Credit Lde ~ Disabilrty Insuraoct: Cneck l.~ Credit Life losurance is desved on the hie ot EitIC 1t_ ~R'f'Y~ut ~PP~. B~rthdate B:. J C.ed~t L~te & Disabtl~ty tnsurance ~s des~red on ~ Buthdate ? Credit Life and/o~ D~sability Inwrance is not des~red. D:~te JLl~y 3~ 197a S~gnatureY ERIC R. HARTMAN S~gnature As security (or the payment oi the Note the Maker he~eby grants tQ the Bank a secunty ~nte~est in the tollow~ng proper[y: as d.:scribed in ssfd secoad ~orc~~S~~Lot 8, alo~: -~:5; S--j ° St. Iucio [:amt~,_Plorida1 , . ^cwd~ng all increases, substitutions, replacements, additions and accessions the~eto and in the pr~~ ~hereoi ~hereinafter called "Collateral"1. This secu.ity r~rerest shall also secure aoy other indebtedness or liability of the Maker to the Hank dnect or indirect, absolute or contirx~ent, due or to become due, now ex- ; ;t~ng or hereafter arising, including all tuture a~fvances or loans by the Ba~k to the Maker. ~ The Ba~k is also given a hen and a secunty interest ~n all property and secur~ues ot the Maker, endorser, surety, guarantor or accommodation party of this ~ ^.cce (hereinafter reterred to as the "Obl rs'7, now in or at an ume hereafter com~ ~go y ng into the rnntrol, custody or possess~on of the Bank, whether for the ex- ~ u-essed purpose ot being used by the Bank as Collateral, o~ for any othe. purpose, and upoo any batance o. balances to the cred~t of any accounts, including ~ ~~usc and agency accounts ma~ntaioed withthe Bank by any oi the Obhgors, and tAe Obl~gors agree ro delive. to the Bank addiuonal Collateral or make such i ; :v~~ts in reduct~on oi the principal amount oi the loan as shall be satisiactory to the Bank, ~n the event the aforementioned Collateral shall decline in value € t,ecome unsatis(actory to the Bank. ~ Add~bons to, reduct~ons o? exchanges of, or substrtut+ons for the Collateral, payments on attount ot th~s loan or lncreases o~ the same, or other loans made n.,~c~aily w wholly upon the Cotlateral, may from time to time be made wrthou[ atfecting the provisions oi this Note. The Bank shall exerc~se ~easonable care in c ~ *ne custody and preservation of the Collateral to the extent reqwred by applicable statute, and shall be deemed to bave exerused reasonable wre if it takes such ~ ~c ~~on (or that purpose as Maker shatl reasonabty request i~ writing, but no omiss~on to do any xt not requested by Maker shall be deemed a failure to exercise g -easonable care, a~d no omiuion to compty with any request oi Maker sha11 ot ~tse~t be deemed a tailure to exercise reasonable care. Bank shall not be bound to ~~ke any steps ~eceuary to preserve any nghts in the Coltateral aga~nst pnor parties and Maker shall take all necessary steps for wch purposes. The Bank or ~ts - ~~,~nee need not collect interest on, or a principal oi, any Collateral o. give any notice witb respett to it. The Bank may continue to hold any Collateral deposited hereunde. afte~ the payment of this Note, i( at the time of the payment and discharge hereof a~y of ~ rne parties liable for the payment hereoi shall be then directly or contiryently liable to the Bank as Maker, endorser, surety, guarantw or accommodatio~ party ~ of any other note, draft, bill ot excbange, or other instrument, or otherwise, and the Bank may thereafter exeruse ali nghts wrth respect to said Coflateral ~ ~-anted herein even though this Note shxll have bee~ wrrendered to the Maker. ~ - ~ I f che Bank deems itself insecure or upon the happening o( any oi the followir?g events, each of which shall constitute a default, all liabilities of exh Maker to rne Bank, including the entire unpaid principal o( this iVote and accrued interest, less any unearned inierest and any interest in exceu of the maximum a~lowed !,y law and any rebates reqwred by law, shall immediately or thereafter, at the option of the Bank, except that the occurrence of (c) or (d) shall cause automat- ~ c.~~celeratron;whhout notice w demand, becomedue and payable: (a) the failure ot any Oblgor to perform any obligation, liability or claim to the Bank, to pay L ~~rerest hereon within lOdays after it is due, or ii there is no due date, after it is blled or otherwise requested or demar?ded, or to pay any other liability what- r~ s~>ever to the Bank whe~ due; (b) the death of any i~dividual Oblgw, the d~ssolutio~ of any partnership OWigor w the d~ssolution, merger w oonsol~dation with- <;ut che Bank's rior writu~ consent of an cor p y porate Obligw; (c) the filing oi a petition in bankruptty w the adjudication o( insolvenCy w bankruptty under - +~y ~eorganization, arrangement, readjustment of debt, dissolution, liquidation or similar proceeding under any Federaf or state statute, by or against any Obiegor, (d) an application tor the appointment of a receive. for, w the making of a general auignme~t (or the benefit of creditws by, aoy Obligor, (e) the entry r ~udgment against any Obligor, the issuing of any attschment or garnishment, or the filing oi any lien, agai~st any property oi any Obligor, (g) the takiog o( ~ possession of any substantial part o( the prope~ty of any Obliyor at tAe instance of any govemmentst authority; (h) the determination by the Bank that a materi- a adverse change has occurrcd in the fina~cial cwidition of any Obligw from the conditions set forth in [he most recent financial statement of wch Obligor ~ he~etofwe ~urnished to the Bank, or irom the conditioo of wch Obiigor as heretofore most recently discl~sed to che Ba~k, or that any warranty, represen[ation, t~, fOrt,f,cate w statement o( a~y Obligor (whether contained in this Note o. not) pertaining to or in connection with this Note or the loan rvidenced by this Note r~ mca~ns an untrue statement oi matenal fact or omits to state mate.ial fact necessary in order to make [he sWremenu made not misleading; w, (i) the assign- ~ ment by any Maker of any equity in a~y ot the Collateral without the priw written consent of the Bank. The Bank shall have, but shalt not ba limited to, the foltowirg right:, each oi which may be exe.cised st any time whether w not this Note is due: to v'?dge w tranffer this Note ar?d the Collateral and the Bank shell thereupon be relieved ot all duties and responsibilities hereurxlsr and rNieved from any and a~l ~ i~ab~l~ty with respect to a~y Collaterel so pledged or transferrad, and any plecl9ee or trans(eree shall for all purposes stand in the place of the Bank hereurMe. and ~ have all the rights of the Bank hereunder; (ii) to transter tF?f whok or any part of the Coflaterat into the ~art?e oi itselt or its nominee; (iii) to vote the Collateral; ',vl co notify the Obligws of apy Cpllateral to malco payr?~nt to the Bank o1 a~y amounts due or to become due thereon; (v) to demand, we to?, collect, or Take any compromise w settttmtrlt it d~ems daf~sW~ with nference to the Collateral; and (vi1 to take posseuion or control ot any proceeds of Collateral. ~ • . - ~ ~(y~ NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION dUON~r~IJ PACE e ~ c es ~s2 a•v. ~i» ~ ~ • ~ _ _ _ - - - - - ~y~ F::: : . . ~ . ~ ~ ..--~c, .,..a~~~_,~ _ _ ac- ,r ~ . ~ : ~ . v~_"~.`" .~i E~ ~ ~ ~ a"" ~ -~_i . - - "V t~ " - - -