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Home My WebLink About0887 INSTALLMENT PROMISSORY NOTE • ' . . . ~ . _T~`~:'f 81'A~? 9A'+M ' (n? aa,ou~~ a.c.~wd t ~ ~c~1.'1_f1A . ~ BANK NAME (BI P~~mi~m fO/ Crldit ~ " lil~/Disibility Ins. : 7~ q2 P~t1. rCOt ?f„~. F~•1C31~~, 3~457 ICI Ooturtwntsry Stamps ='_'~~~1$'_ o~Fice nooR~ss 1~1 Oeha Chu9as liumi:~l S . IEI t~~ N~TE NO. OATE~: ~ ,~r 7, 19 ~a . (Fl s (G) Amount Fina~t~d ~ ~ UvE: T~t1Y 1~ . 19~.~.. IA. e. C. D. E. FI S ~ ~ IHI 111LNKt S " PLACE: JM~lSllll ~[--'~1 , FlOR10A ~b~t ~^~tigation S 1.l1 OthK t =X~ For vslu~ rece~ved, th~ undtrsi9nd (hN~inaftK call~d "Mak~i jointly a~d swarally (it (K1 = mo+e than one) promis~ to psy to th~ O~dtt Of tM 8ank, iL its Otf iC! IisLed abOVf, ths Toql or Pav~+r+ents It•om IN) st right) of ?-n2Z.~~ _ Dollan p~vab~~ in _ s~ _ lLl S ppp~..__ ~~~R ItN) FINANCE CHARGE ~a`_~~ e~;~al monthly installments of S 2 , th~ (int tH, i. K, u s - ~ns~anm*e~~,t dw orfw'~st. li , 19?$ . ~nd wbspuent installmants du~ on (Nl Total of PaY~nts (G t M) S-=~~IZ-2a :^ell "tlsy ol each mo~th thereafter, toyecn.r wi~h s F~NAL Bq~~00N PAVMENT OF: ANNUAL PERCENTAGE RATE _~,~,s~._% 5 - OUE . t9 The Bank shall impos~ a delinqu~ncy charg~ p~inst tM IM~kK on sny payrrKnt which has becwrN dua snd roma~ns i~ dtfsult tor s puiod in ~xow of 10 d3y s~n an amount apusl to 596 of tM smou~t of the prineipal part of the psYR+ent in default. In the wtnt thst th~ Not~ is not paid in fult st maturity, ~II psy Tencs, whetha principal, int~rtst or oth~rvvis~, shsll b~ar int~nst at th~ maximum legsl nts sllowsd under th~ Isws of the State ot Flo?ida. All paym~nb made re+eunde. sha11 b~ credited finc to intenst snd ths~ to principsl, howe~er, in the event of default, tM Bank m~y, in i[s sd~ discretio~, apply sny psym~nt to ,n:e~est, pri~cipal and/or iawful charges then scauM. It is tlu intsntioo of tM psrties hereto that the p.ovisions henin shsll not p~ovid~ dinctty or indiractly for che paymKU of s greatt~ rsu of intenst or th~ ntention o( any othK cAsrge than is allowsd by law. If, tor any resson, intersst in ~xceu oi weh I~ysl rst~ or a charg! proAibited by Isw shstl at any time b~ paid, any wch exceu shall eitha constitute snd bs trtatsd ss a payrt+ent on th~ prineipsl a b~ r~fund~d directly co che Make~. The Maktr msy prepay th~ entire unpsid balance of the loan st any time. If the Ipan is prepaid in futl, acul~rated or refi~anced, tM Msk~r shall nteive s ~erund of tM unesrned po.tion of the interest and inwra~ premiums computed by tAe Rule of 78's method, except thac tM Bank shstl bs e~titl~d to roain a m~n~mum interast chsrge of ~6.00. CREOIT LIFE AND CREDIT IIFE de OISABILITY INSURANCE ARE VOLUNTARY AND NOT RE~UIHED FOR CRE~IT. Sueh inwranp tov~rage is a~a~~able at th~ cost d~signated below tor the t~rm of th~ aedir. ls) S 7~~~~ - fw Crsdit Lite Inwranc~ lb) S fo~ Credit L~(e d~ Disability InsuranCS: Cneck ~ Gedit Lih Inturant~ it d~sirld On th~ litt of ~i~~~ ,~pp~ Birthdete B~ x ? Gedit life b Dissbility Inwrant~ is d~sirtd on • . - ~ ~ Birthdste ' ? Cradit Lif~ and/or Oisability Insurspc~ is not desirad. r• ~ ` ~ : ~atec _.J~r T~ 39TD. ~ Siynature !~f':: ~J : , ~f i.. ~.~.'l C - . . ~ . ~ • ~ " _ , , - f-_ ~ _ ~ ' : _ ' . - . • - ' Sigr?ature ~ A ri i ch ~t of No the ala ereby rants to he k a uri inte.est in he foll ~ng ty- ~ ~x~'~`~.~i~ ~csrt S~t.B~e, ~'i. ae ~~"ba~`~` m~rtg,a~Q. ~ncluding all intrwses, substi[utio~s, replacements, additions and actessions therero and in the proteeds t6ereof (hereinafter Wll~d "Collahral"1. This s~t~rity ~ ;ersst shall also secu.e sny other indebtedness or liability ot the Maker to the 8ank direct or indirect, absolute w contingent, due or to becom~ d~e, ~ow e:- ~st~nq.or hereafter arising, including all (uture advances or loans by the Bank to the Maker. T~e Bsnk is alw given a lien and a security interest in all property and securities of che Maker, erxforse~, wrety, guarantor or accommodstion party of this Note (F+K~inafte~ referred to as the "Obligors'1, now in or at any time herea(ter coming into the control, custody or poueuion of the Bank, whether for the ex- p~essed pu~pos~ of btiny us~d by the Bank as Collateral, w for any other pu?poss, and upon anY balance or balances to the credit of any accountf, including , trust and ag~ncy sctounts tnsintained withtM Bank by any of the Obligors, and the Obligors agree to deliver to the Bank additional Coltatenl w mak~ suth . pay mena in reduction of the principal amount of the loan as shall be satisfactory to the Bank, in che event the aforementionad Collateral shall d~clins in vslw or becorrw umatisfactory to the Bank. _ Additions to, reductiom or exehanges of, or wbstitutions for the Collateral, paymenn on sccount of this loa~ w inaessss ot the same, w other loan~ mad~ pa ~ t ially or wholly upon the Collateral, may from time to time bs made without affecting Me provisions oi this Note. The Bank shall exercise reasonab~e care in ~ cne custody a~d preservation of ths Collateral to Mt extent requirod by applicable statute, and shall be deert~ed to have exercised reasonable qre it it tskes sud+ ; a~c~on fo~ that purpose as Maker shall ressonably rpusst in w?iting, but no omission to do any act not requated by Maker shall be deemad a tailuro to exercise reasonabl~ dre, and no omiuion to comply with sny request of Maker shall oi itselt be deemsd a ta+lure to exercise reasonable wre. Ba~k shall not be bound to i ta te any steps necessary to preserve sny rights in th~ Collatenl sgainst prior parties a~d Maker shall take all necessary steps for such purposes. The Bank or iu, ~ nomine~ ne~d not collect inarest on, or s principsl of, anY Collateral or give any notics wiM respect to ic_ ~ The Bank may continue to hold any Collataral deposited hereundsr after tha payrt~ent of Mis Note, if at tM time oi the payment and discha~ hereof a~y of ~ she parties liable fo~ Me paY~nt hereof shall be then diractly or contingently IiaWe to tha Bank as Maker, endorser, wrety, guarantor or aocommodation party ~ c! any othe. note, dra(t, b~ll of exchange, or otha. instrument, or otherw~se, and the Bank may thereatter exercise all rigl~ts with regxct to said Collaterat ; g-anted herein even thougl~ this Nots shsll havs been surrendsred to the Maker. ~ if the Bank deems itsetf insecure or upon the happening of any of the following events, each oi which shall comtitute a default, all liabilicies of esch Maker to ' ine Bank, including the ~nti.e unpaid principal of this Note and accru~d intsrest, leu any unearned inte~est and any interest in expu of the maximum allowed i by law and any rebates required by law, shsll immadiat~Iy or thereafter, at the option of the Ba~lc, except chat the oocurrence of (c) w(d) shsll caus* automat- ! ~c acceleration•without noYKS or dema~d, baeort~due snd psyablr. (a) tM failurs of any Obligw to perforrn any obligation, liability or daim to the S~nk, to pay € ~~cerest hereon within lOdays after it is due, or if thtre is no due date, after it is billed w otherwise requesced or demanded, or ta paY any other liability what- soever to the Bank when due; (b) the death of any individual Obligor, ths diudution of any partnership Obligor w the Aiuolution, merger or tonwlidstion with- ouc ths Bank's prio~ vwitten co~sent of any cwporate Obligor; (c) tha filing ot a petitio~ in bankruptty or tfie adjuditation oi insofvency or bankruptCy under any reorganization, arrangsment, readjustmsnt of debt, dissdution, liquidation or similar proceeding under any Federal or scate satute, by a ayainst any ~ Gbiigor; Id) a~ spplication for the appo~ntm~nt of a nesiwr for, or the mski~y of a general assignme~t for the benefit of creditws by, any Obligor; (tl the entry i o~ ~udgment against any Obligpr; (t) the iswing of aM? attachrn~nc or yarnishment, or the tiling o( any lien, against any property of any OWigor; (9) the taking of ! posseuion of any substantial pa?t of the property ot any Obligor st the instsnce of any governm~ntal authority: (h) tMe determination by che Bank thst a msteri- aI adve~ change has occurred in the tinsncial conditio~ of any Obligor from the conditions set fath in ths most recent tinancial statement ot wd+ Obligor he~eto(ore (urnished to th~ Bank, or irom the conditio~ of wch Obligor as hsretofore most recently disclosad to the Bank, o~ that any v~ranty, rep~ess~tatio~, certificat~ w statement of any Obligor (whethsr contained in this Note or not) pertaini~g to or in connection with this Note w th~ toa~ evidenced by this Note conta~ro an untru~ statertrnt of material lact o~ omin to stan matKiN fxt nscessary in order to msk~ ths statements mads not misls~dirg: w, (i) th~ aui9n- ' ment by am? Maker of srryl puity in any of ths Co1lst~rsl wiMout th~ prior vKitten consent of the Bs~k. ~ Th• Bank shall have, but shalt not b~ limit~d to, ths followirg righp, esch of which may b~ exsrcis~d at any tirr~ whether w not this Note is dur. (~1 to ; p~edge w tro~ste. this Not~ and the Collatenl and tA~ Bank shsll thNwpon b~ relieved ot all duties and responsibiliti~s hsreunder and rdi~wd from a+?y sr+d all ~ ~~ability with res~ect to arry/ Collaterat so Dl~dgsd or trsnsfarr~d, and sny pledgK w tronsfer~s shsll tw a11 purposos stsnd in th~ Plsce of th~ Bank h~r~under snd ~a•+e all ths rights ot che Bsnk h~reunder; to VsnsfN th~ vrhole w any psrt o~ tAs Co~~ataral into cht nsme of its~lf or its nomine~; fiii? to vots th~ Col~st~n1; ~ co noufy ths Obligors of s~y Collatenl to msk* psymenc to th~ Bank of my smounts due or to become dw tAer~on; (v) to demand, we iw, eoll~ct, o~ r make any comp?omis~ a s~ttlement it deems da6nWe wiM rrf~r~nce to th~ Collstersl: and Ivil to Wke possess~on w control oi any procsed~ of Collatersl. ~~7U raL_ c~~7 . NOTICE_ SEE OTHER SIpE FOR IMPORTANT INFORT A ON ~ . - 15 7S2 Rev. I/77 / ~ ~ ~ ~ - `I ~ ~ ~ .n., ~ _ _ z ~ a"r'~~. r ~ - y ' ~,r~'~ ~ ~ y _i ~~,rf~~~--~ _ . . . , ~P ~.~-Z -