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Home My WebLink About0198 - gKii MAR ' ~ JENSEN BEACH BANK ~ ~ ~ ~ 1/?1 nrn~~m.Rece~~~d ' =_~~,ppip,,,pa_ BANK NAh1E Prem~um ior Cr~dit.• - , . - ~ . • . l.~f~/Ditability Ins.. ' ' : IlOf1e ' ~ ~P.O. ~Box 7~ .~ensen Beach~~ FL ~3Q57'-''• ICI D«umentuyStamps ~ ' t ~ ~11..h5 ~ ~ ; • OFFICE ADDRESS , _ , , _ , ID) Ot6er Chirgei Irtemizel. i ~ S • - ' , _ ` - ~1~~ i = i{1 - - , (E) - - - - _ " ' nnn,en," NOTE NO. " ` ' : OATED: - ~yy~..~'1 7 ~ " 18~8t' 'IFl - i: rt,~ _ ~li: 3- ; ~AOAa _ . - . ~ - _ . - _ ~ ic~~llmount D nt~ _ -.i'.--'~} 010.65 . . _ OUE: .~U1~/ 21 - • _ _ , - . _ ' 198.:]:~ : ' (A:B. C. ,E~ _l~j;, s . . . . • . - _ ~i, ' :i~ ' - ' 'i (NI~-lnteren _ ';i• ' _ - .1en5en Beach~ . = ~ ; F~ORIDA~,- ''~II G~~i invKiiyai~oo ~ ~ s - nnnp - PLACE: - , _ . , . , . , _ t . . . i , = 1 • ; - ~ i - IJ~, ;Other ~ - - - _ - nnnP Fo? value received, the undsrsigned (hereinatter called "Maksr") jointly and severally (if: • ~ , . _ • , , • more tMn~one) promise to pay to the orde~ ot the Bank, at.its oif~te listed abOVS, tht ~Totsl' .~K, ~ " ' t ' ' nonP ot Paymenn Urom (NI at rightl of 9 ~ 775.97 ~ Doilus pavab~s in =-gd ~ ' ~U ~ ' ~ - ' ~ ~ • ' _ .s nnn~ IMl FINANCE CHARGE ~ ` ' ~ = ' equal montl~ly installmems ot S--116. 38 _ : ~ th~ i~~:e ~ 2, 765. 27 (H. I. J. K, L! ~ : ~~sTallment due on • ` A ~S* 21-_ ' - ~ 19~$~_, and subsequent installments due on ' ~ " " ~ . _ _ _ (N) Totat of Psvrt+ena (G + M) S ' 77~i _ q2 cne.~~day of each month thereaiter,-togetFier with i.FINAI BALIOON PAYMENT OF: • ANNUAL PERCENTAGE RATE S NONE ~ ~DUE~ t9 . ~ •,.-r. . 4 ~ - - - • - . • . _ _ The B~nk shall impose a delinquency, chirge' ~ysinst. the Msker qn pny~paymeot wAicli has becane~due arid remaint default tor ~ period in excess ot 10 days in an a.~nount equal to S~X. of the amountot the principsf pait of tlie payment ~n delauit. In the eve~t th~t the Note is not paid in tull at msturity, all psy-. . ~nznts, whether principal, interest or otherwise,-shall 6ear~inierest st the maximum legal rate Hllowed undei the Iawt oi the State oi Florida. All~payments msde nereurider shall be credited ti?st to interest.snd then.to principsl, hovireve~; in the iyent of default.'the 8enk msy;in in sole disc?etion, spply ~ny psyment to ~nterest, principal and/or lavrful cliarges then atcrutd. It is the intention of the parties hereto ihai the provisions herein shsll not provide directly or indirectly for che payment of a greater rete oi interest or the isteniion oi, sny other~charg~ tfwo is allowed by law. li, for aey reason, inte~st in a:ceu ot such legal .ate or a charge prohibited by law shall at aoy time be.paid, any wch excess shall either conttitute a~d be treated ss a payment on the principsl o~ be retunded direttly ' to the Nlaklr. ' - - • - - _ _ _ • _ - _ ~ _ _ - _ _ • _ . ~'.:i'~ ~t~°~:_ ~z ,'y'_.',t • - The Maker may prepay the cn[ire unpaid balance of th~ loan st any time: ~N ihe loan ii prepaid in ~tull, accelerated w rcii~?sncid, the Makei shall ~receive s- ~ ~efund of the uneamed port~on of the interest and inwrance premiums computed by the_Rute of 78's method, ezoept ihat the Bankshatl be entitled to reiain a m~n~mum interest charge of SS.OO._ - - - - " . =t= - - - _ - _ - - • • - - ' - _ . CREUIT LIFE ANO CREDIT LIFE b DISABIIITY.INSURANCE ARE VULUNTi4RY AND NOT HE~UIHED FOR CRE~1T. Such insurente covera9e is - , - - available at the cost designated below tor the term of the credit: (a) S' for'Credit Cife _Inwrs~?ct1b1'S - ~ _ for Credit l.ifea Oisability Insurante: - - • ~ _ - - - - - - ' . . - Check . ? Gedit Lite tnsuranoe is desired oo ihe li(e of - ~ . ' ' " ' - • • . - • ~ - .4ppl. - _ ~ . ~ ~ _ ~ . . . _ ~ _ . . . . Bi~thdDt! ' ~ - . . . _ Box ? C~redit Life b Uisability Insurance is desired on - ' - . • . • _ - - . ~ - ~ Birthdate - ~ _ ~ - - . , . • . . . _ . _ ~ Credit Life and/or Disabiliri Inw?ance ~s ~ot des~red. - ~ ~ - - - _ D,te~ Ji~l~ 17~ 147R - - Signature . , . _ . . . _ - _ -;;:~_;:;~:~t;;=- - se M.:Fa,les.- . - - . - ' - . . . - i' - ~ •5ignature _ _ - . _ , _ _ ~ ' - - - ~ As security for the payment of the Note tfie Maker hereby~rantsZO ihe Bank a secunty interest in the tollowing property: ~ ' - ~ ~ _ Lot 136, Section 1. OUIUOOR }2ESORTS OF AMERiCA~-ac =~lp~~T;hed ~in said~ mortgage +nc~ud~ng all increases, substitutions, replacements, additio~s a~d accessioru fhereto and in the proceeds thereoi (hereinafter called "Collateral"'1. This secu?ity ~nterest shall also secure any other indebtedness o~ liability of the Maker to the Bank direct or iodirect, absolute or contingent, due o~ to become due, now ez- ~sti ng or hereat~er ar~sing, includmg all tuture advances or Ioans by the Bank to-the Maker. - - _-~y ~ ~ The Bank is also given a Jien end ~ security ~nurest m all property and securities o~ the Maker, tndo~ser; surety, guaiantor ~ar sccommodation party oi this j Note Ihereinatter referred to as the "Oblgors'), now in or et sny time hereatter comirg into the rnntrol, custody or possession oi the Bank, whether tw the ex- ~ p~ezsed purpote oi being ustd by the Bank as ColFateral, or for any other purpose, and upon any balance or balances to the credit oi any a[counu, including F t'USi and agency accounts maintsined withthe Bsnk by any of the Obli9on, and the Obl~gors agree to delivn to the Bank additio~al Collateral or make sucA ~ pay ments in reduction of the principal smount oi tt~e toan as shall be satisfactory to the Bank, in ihe event the aforementioned Collateral shall decline in value r?s ` o~ become u~natistactory to the Bank.~ _ : . _ , - - - . - . - . . - - - . _ _ - . - i ~ Add~tions to, reductions or exchsngas of; o? wbstiwtions for the Collateral, paymena on account oi this losn p increases of the same, or other loans made pa~ i ie~ly or wholly vpon the Collateral, mey f?om time to cime be made without affectiny the prov~sions oi this Note. The Bank shall exercise reasonable care in ~~e custody and preservation of the Coltaural tu the excent .equired.by applicable statuu, and shall be deerr~ed to have eicercised rwwnable care if it takes such action for thst purpose ss Make? shall reaso~sbly requettin.writiny; but no omission to do any act not rcques[ed by Maker shsll be deemed a tailure to exacise -easonaWe ure, and no omission to compty witfi any requatof Make~ shall.ai itsdt be deert~ed a failure to exercise reasonable cere. Bank shall not be bound to t~ke any steps neceuary to praerve any iiphts ~n t1~e Cotlsteral against prior-partiec and Maker shatl take all necesssry cteps tor such purposes. TAe Bank or its n am~nee need not oollect interest on, or a principal pi, any Collateral or giv_e any hotias with respeCt to±t. - j:•'_ : - . t~ ;t- . i~, • , _ _ The Bank may continue to hold any Collsteral deposited hereunder ~fter ihe payment af this~Note; if af the time o! tha psyinent snd dad~arpe hereof a~y Df tne parties Ciable for the paymen[ hereoi shall he then directty~oi contii~gei~tly IFaWe to ihe Bsnlras Maker; e~dorssr, surety,.guararito~.or eccomrnodation party r,f any othe? note, draft, bill oi exchsnye, nr nther instrumemt or othuwite, end the 8ank may tfiereatter exercise ~aN Tiyhts with Tespec[ to_said Collataral e• a~ ted herein even thou~ this Note shatl have been surrendered.to the 1Naker: - ~ : : = - ~ ' - + ` ° = t ' ` ' . - t t the Bank deertis itseti insccure or upon the happening ofany of the iollowiny eventi, eacti of ~which shall co~stitute a defauh, all lisbilitiet of each Maker to ihe Bank, includinp the entire unpaid principal oi this Nou and accrued internt, less a~ry unearned interat and any intaest in ezoetso~ the mazimum atlowod by law and any rebata required by law, shall irtunediately-or ihe?eaiter~ at the optwo ot the Bank, except tt+at iM oocur~ence of (d ar (d) shat[ cwse sutomst- ;c a~ceieration; without notia w demand; bet,orns due and Qayablt: /aI the'tailure oi any Obligor to psrtorm any obliyation, lisbility_or daim to the Bank, to pay ~ ,r.cerest hereon within 1Odays aftd iCis due, d'tE ~ere:t no d~e date; site: p is billed or Otherwise fequated or dcmanded,-or~to pay sny other liability what• - ~ s:~ever to the 8ank whtn dw: Ibl tfie death of sny individwl Oblqpr: the dnsolutio~ ot any partnership Obfigo? oi ihe disadution. meryer oi oo~solidstion wiN?- - out cne Bank's prio. vwitten oonsent ot any corporate Obf'gor~ {e) ~ filinp of a petition :n bankruptcy.a the edjudication_of insolvancy_a bankruptcy under ~ ~ny reorgsnizatio~, arrsngement, resdjustment of'debt, dissduCan,-!'pu~datiorLCr.simila~ proceedinp urder,siiy Federal or state statute,by w:apainst anY ';=t Oi~i+gor; (dl an application iw the appointmenrof s feoeiver fqr, or tbe msking o1 a general assignmerit for the 6erx(it ot creditors by, any Dbligor; (e) the entry ~ c' judgment sqeinsc any Oblipor: ~il tlie iswiny of sriy attxhmeot or gsmishment. or the filinp ot any lisn, apa'uut amr proparty. 01 sny ObliQor, ly) the aking of ~ oessession of ~ny substsrtti~l asrt of tM property of snjr Ublipw at the instance of ~ny 9ove.nmsnt~l wthority; (h) iM dearmination by tfis Bank tMt a mate.i-_- ~ a~ adverse thanpe has o~curred jn tbt tinantisl oondition d sny'OWipor Itom the co~ditions set iorth ie the most .~«~t r~~ :aie+.,~~.c o~ ..~cn_oago. _ ~ neretofor~ tumish~d to tfie Sank, w tiom tht condition oi such pbligor es heretOto~e most recently Oisclo~ed to the Ban1~, or chst any ws?ra~ty, ~ep.esenation, cen~ficate or sUt~rns~T oi srry.Oblipor (whttAa eontained in this Note w nod pertaininp tn or in tonixction with ifiu Note.w t1?e losn evidenwd by this Note c~ncains sn untrue stat~m~nt ot msterial fad p omits to state material fatt necessa~y m pder to mske the ctatements msde not m~sleadinp; or, (J the assipo- ~ ~,ent bY any IHiake~ of any equity in any of tM Coltst~ral without the Prior writcen conca?t o~ the Bank. _ ' _ _ _ - The 6ank shall hsve, but ahsll ~ot be limited to, tfi~ fdlowiny rqhu, eseh of which may be exercis~d at any t~rtr whether :or ~ot tAis Nob fi dw: (i) to ~ p' edge q~ tr~~uftt this Note and tl~ Coil~teql and the Bsnk shall thtreupon be ?~lieved oi sll dutiet and respontibilitits Mreundtr and r~li~wd from ~ny snd s0 ;~abil ~ ty with respect To sny Collsterd ro Pledg~d or uansfsrred, snd eny pledgss or transtere~ shall (or all purppses sta~d in tNe plsCe Of the Bank hereunder snd have ell tM riphts of the Bsnk htr~under; (ii) to transt~r the wholt o( sny part of the Collateral into the name ot itseli p~ its nominee; (iI~ to vote the Coll+teral; . (~v) to notity th~ Oblpon of any Collat~rsl to rr~k~ psyrtMnt to tM Bank ~of sny amounts du~ or to become due tFureon; {v) to demand, we for, collect, or ~ rrake any comprpmiif Or qtllertMnt it deemc dt:irable with ret~renc~ to th~ Collateral; snd (vi) to tske posseuion w cont.d of any proosads of Collater~l. ~ • _ • " _ _ ~ . . . ' - ~ q ~ • _ - _ NOTICE: SEE OTHER SIDE FOR tMPORT~~ INFORMATION _ " I I ~ _ ~ F a5 75? A~v. 7/7~ ~ - y~ . _ - - - - - - - - - - ` _ - : - ~s- y. w- 'u,~ k = _ f _ ; ;