HomeMy WebLinkAbout0381 ~~v~ ~ r~a.~.~n~~~ ~ r~vm~~JV11 T ~vV ~ ~
. . fAI Amount Rcct~wd . ~ _ •s i ~ - ~'~n _ nn _
JENSEN BEACH BANK - . . .
BANK NAME IQ) Aremium fo~ Cred~t . '
. . - . lite/O~s~bilitY Ins. ~ - -
_ 1939 Commercisl Street= Jensen~ Beach. Florida 33457 Ic1 o«~meo~i~ySumo:- .S 19:95 -
OFFICE AODRESS- . . - (D) OtherCha~gesluemiif) - s
, _ . , - ~ ~ ;;i- _
_ - ~ . = • ~ ' ~ ! ; ; - . i : 1Ei - . . . ,.s
~.oTE NO. _ OATED: =-911g~~_ct ~7y . - '19~~- IF)- - ' ~ _ • ~
- . . - - _ fGl Amount Financed . . ~ : -
[;uE A~egi~st 1 1 ~ _ . • - - . • 19$$:..~, ; :IA. B. C. F.•FI ' - _ . .
_ - . . _ _ - - •lN)~Inaresi . _ - - ~~7 760.85
F~i ACE: ~ ~eI1Seri Beach - ~ ' ,FLORIDA ~'a~ 'i1E ~Credit lnvss~iystion4_ _ : - .
For valu~ reteived,'!he unders~gned Ih reinai ~ I 'M k . . • • - • . '!JI OtAer ~ _ s
e ie ca led ' a er") io~ri~~y a~d seve:olly (lf,-=- .
~ro~e thao ona) ~promiie to paY to the order of the Bank, at its oifice tisted above,the Tota! (K~ ' ~ S~~ - : ~
:.if PdYfMMf I~fOT IN) iL TI~IIL{ Ot ' 21 y,Q1O. 8~ ~ ' Dollars paYable in 120 _ ~!U ' . _ ~ . . ..S • , _
:-.~ual monthly ~nitallmentf of s ~ - ,1,~ S (19 ~ ' , ~ne t~rs~ ' ~ ~MI ~INANCE CHARGE ~ ~ - • _ ~
IN, I, J, K. LI .'s - Z, 760. 85 .
~nstallment duc on September -11. ;19~, and subsequent instatlments due o~ : (Nj Total ot Payments (G + MI ~ S?~.~ nl O_ 80
;ne_.~day of exh month tAeres([er, to~ecn•. v~eh. FiNat ea~~ooti pnvMFNT oF: ANNUAI PERCENTAGE RATE 1D (L % ~
S npnP DUE --~~--=-------°--------'-^--i9=-- • - -
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7ne Bank shall ~mpou a delinquency charge agsi~st the IN~ker on arW payment which Ass become due and rema~ns i~ detault iw a period in exceu oi 10 ~ ~
~;.,ti-s ~r an amount equa~ io 5'1~ 01 the amount of the prinCipsl part of ths payment in detaull. the event that the Note ~s not paid in full at maturity, all pay
f„en~s, whether principal, i~teresl or otherwiu, shall bear ihterest st ths maximum lepal rste sllowed under the laws o1 the State oi Florida. All paymenrs made .
F~c~eunder sha(I be c~ed~ted firtt to intenst and-the~ to principsl,-however! 1n the event ol deiwlt,-the Bank may~ in {ts solediscretion, apply any payment ~o
~~,lefes~, principal and/or lawtul charges then~~ccrued. It is the intention ot the psrties Aereto tAat the proyisioos herein shall not provide directly or indirectly
~ ihe payme~t of a greater rate ot interest or th~ rete~tion of sny other chs~ge then is_atlowed by Isw. If, for a~iy reaso~,'inte~est in ezcess.of futh legal ?ste or
= cherge proh~bited by law shall at any Zime bt paid, any such lxcess sl~all either constiwte and be treated as a payment:o~ the principal or be ~etunded directly
t„ sre Maker. - : . _ . . - - ~ . . ' ~ - • - ' .
T~e Maker may prepay the ent~re unpaid balance.of the Ioan si any time. If the loan is prepaid i~ tull, accelerated a reiir?anc~ed, the ~Maker chall raceive s
~ r`und of the unearned port~on of the inte~est and inwrance prem~ums computed by the Rute of 78's method, exoept that ihe 8ank thatl be entitled to retain
rn~n~mum in~erest charpe ot $5.00. . - : - . - - - - - - -
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CREOIT LIFE AND CREDlT LlFE & DISABILITY INSURANCE ARE VOIUNTARY AND NOT REQ11tRE0 FOR ~REOIT. Such insurance coverage is
r.:.~i~ab!e at the.tosi designated below tor the term of the credit: (s1S - ~ tor Credit Lite Insurance (bl S
~u~ Credit LHeb Disability Insurance: - _ _ ' _ , - , ~ - . _ - -
Cneck ? Credlt Lite Insurance ~s de:ired o~ the life of ~ ' ' . " - ' '
Appl. - - ~ ' - :.girthdate
;i >x ? C?edA Lite & Oisability IMUranCe i3 desired On .
_ - ~ - . - Birthdate ~
uC Credit Lift and/oi O~sabitity Insurante is not des~red: _ - ~ . . . . . - • - . .
' _ _ - _ _ . _ _ ~ ~ / +
~~.,rP . August 7,' 1975 - ~ - " " . , S~gnature XV ~ _`.t~ i•`(i:T j~ ~T-E~'G,~/ - . - . i
- , - . - 111 Sellman ; -
_ - - ~ ~ ' " - = S~yr.ature ~ ~ / _ ~ ~..f ~ . . ~
~ - ~ ~ . 4 --r'~t-
As security fw ~he payment of the No[e ihe Maker hereby granu tothe Bank^~d~YCbri~y~~nfl~e~~tdlowing propertV: ~ - i
Lnt ~b2 Sac- TT nilT~R RRSQRTS (]F MRRTCA~ aG d s ib d ~n said mortgaQe -
:.~ud~ng all ~ncreases, subs?ituuons, replacements, add~uoni and accessions.the?eto end in the (xoceeds thereof.(hereioaiter called''Collaural'9. Tfiis security -
: e-est shall also secure any other indebtedneu or fiability of the Maker~to the Bank direct ar indNec~, ebsolute nr contingent, due or to become due, now sx- .
^a or hereafter a.;s~ng, inctudmg all future advarsces or loans by the Bank to the Maker. . ~ ~ ~ _ _ . . - ; _ _ ~ .
. _ - - _ ~ _ • : -f:.--. ' ~ _ .
Tne Bank is also g~vtn a lie~ and a secunq ,nterest in all property a~d securit~es of the Maker,tndorser, surety, guarantor or accommodation party of thn
~re Ihereinaher ?eferred to as the "Obligori now in or st any ume hereafier cominp into the control, custody o. possession ot the Bardc, wheMer for ihe ex-
:;•essed purpose ot being used by the Bank as Coltateral, o. ior anY ath~ Pu.pose, and upon any balance or balsnces lo the c.edit of any ~accou~ts, iruludiny
~~~•s~ and agency accounts mainta~ned withthe Bank by eny of the Obhgors, and ihe ~bhgors agree to deliver to the Bank addieional Coilatera! or make sucfi
pati ments in reduction oi the principal amount o1 the toan as shalt be sausiactory to the Bank, in the event the atoremenuo~ed Callaterat sAaH decline in value
become unsatistattory ~o tAe Bsnk. ~ . - - - . -
Add~tions to, ?~ductions or exchanyes of, p~ iubstitutions 10? the Collateral, payments on account of this loan or increases of the same, or other loa~s made
r.a~ t ~aUy or wholly upon the Collatetal, may irom time to time be made withow at(ec~ing tf?e prwisions of this Note. The Bank shall e:eruse reasonable wre m
~~e cuscody and prese.vation of the Collatersl to the extent requi~ed by appticable s~atute, snd shall be deemed tn have exerciied reasonable care i! it takes such
~~o~ fa thst purpose at IAaker,shalt r,rasonably reQuest in writinp, buf no emission to do any aet not requestr_d by Maker shall be deemed a tailure to exercise
~ea~onabte care, and no om ssion to comply nnth any request of Maker shall ot itself 6e deemed a failure to exercise reasonable care. Bank shall ~ot be bound to
caKe any steps neceuary to p.eserve any ~ights in the Collaterat sga~nst p?iw parties and Makershatt take ell necassry stepi toi such purposes. The Ba~k or its
~~c;mfnee n!!d fWt GONp~t intlrKt On, or a princips! of, any ~Cotlateral orgive eny notice with respect to+t. t;~ ^-j, _ -
Ti,e Ba~k rtwy con~inue to hotd sny Cotla[e~a! deposited heieunder afur tl~e paymentot this Note,iT at the tirt~of tlie'peymetit and discharye hereof any.of
*ne par~~es tiable tor the payment hereo( shall he the~ directly w contin~e~tly liable tu the Bank es Maker, eodorsec, wiety, 9usrantor or accommodation pa?ty '
or any ot11e? ~1ptl, drsh. bill of exct~ange, or otha instrumeni, or~otherw~se,.and the Bank may.thereafttr_exercfse aU riphts with respect to said Collaeeral
,-anted herein ever~ though thit Note sha!! have been wrrende~ed to th! Maker. - - _ i . ~ . ' ~ . : _ _ - - • -
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~f the 8artk deems itseH insecure or upon the happenirg oi amr of the following events, each af which sfisll comtitute~a defwlt, all lia6iliTie: ot each Maker to
t^e Bank, ~ncluding the e~tire unpaid pr~ncipal of this Nots ard accrued interest, lest a~y unearned interest and any interest in excest of the maximum a~lowacf -
!-v ~aw snd any reba~cs required by 1aw, sha11 immedistdy or ther~stter, at the option ot dx Bank, except,tha~ rhe occu.re~oe ot /c) or~{d1 ~hs~~ csose sucomat- ~
:c a;:cele?a[,on; wi[hout notice or demand, become dw and payabte:'(al t1~e tailure bt any Obligor-to periOrmany obliQatior},lisblity w Wim to tM Ba~k, to pay_
~~.rerest Ae~eon within lOdays efter it is du~, or it the.e is no dve dste, a~ter it k billed or otF~wise requated or demanded; a~ to pali my other liabilitywhst--
sxver to ihe Bs~k wAen dus: tb) th~ death of ~~y individu~l'Obligo., the~issolution ot eny partnership
ObliQor or !he disso7vtion, merpetor tontolidation with-' -
cw r cne 8ank's pnw writren oonyent oi sny co?por~te Qbli9or; (c) the fling of a petition, in bankrirpuy,or the adjudcatio~ of insolvency or bsnkruptoy vnder -
~ny reor9ani:ation, arrangement.~readjuscment of debt, dissolutioo,~ IiquidsCwn oc~_simitu proceedinp urider.i~y~•Federa~:.oi
state itatute, by or against a~y
O~,gor; (d) an application tor~the eppo~ntment ot s reaeive~ fa, or the mskiny o( a yenera~ assignment fpr.iha ber+efit ol creditorsby, sny OWigor;le) tAe eatry
of ;udqment apainst arty Dblipor; (tl tM usuing of sMi attachment or g~mishment, w the Tiing Df sny 1ien, spain~t any prop~rty oi any OWipa: (y) Zhe takinp oi .
posseuion of any wbstantial part of tfie property oi sm/ Obliyor at tM instant! of any governmental ~uthority; Ihl, ihe dete?minatiw~ by the Banic thst_s materi- _
ai adverse d~a~ge has occurred in tht tinancisl condition ot_ ~ny Oblpor (rom the condrtions set fo?th in the most rr~cent finar?p~l sta[ement of such Oblipw: -
he~etofore fumithed to the 8ank, or irom iheconditionof wch Obligor ss heretotore most recently~fisclosed to Nu Bank;qr tFut any warranty,Tepresenbtion,' ~
ce.trf~cste or st~tement vi eny Obtgw (wh~ther oontsin~d in this Note o? not) pertein;ny to ar in connectan with tha Note w tfie loan evidenced by thi: Note -
conlairu sn untru! statement oi material Iact or omiu to state materid fact necessary ert a~der to mske the statementt made no~ m~slesdinq: or. the assiprt-
r»ent by,sny Maker oi any eqwty in any of the Collatsrsl without the pricr wr~tten conseot ot ihe Bank. , - - _
The Bae?k shall have, bert shatl not tia lim~ud to, the iollowinQ rights, eath of vrhich ~nay be exarcikd at any time rfietMr p swt this Note is due: 1i) to
u~edge or transier this 1Vote and the Collatersl snd the Bank shaU ther~upon be rel~eved oi all dut~es and recpor?sibil~t~es her~ncfsr e~d relieved from sny s?d NI
t~abi~ity witA tespect ta sny Cotlaterat w pledyed or t~ansfe~~td, snA any ptedgty or trans(eree st~att tor all purppses stand in the yl~oe of the Bank hersunder ~od
nave atl the ripht: of the Bank hcrwnder; liil to tnruf~r the whot! p any part of the Cot~ate?al into the n~r?r of itcell or its nomi~es; liii) to vots the Coll~teral;
I;vi to notify ih~ OblgWS of sny Colbteral to mske psymant to the Bs~?k oi ~~y smounts du~ or to become due therton; (v1 to dertwnd, fue (o~, co~~~tt, w
~,ake any oompromifs or sectlement it deem~ desiraWe with re~erenq to the Collaccral; and Ivi) to tske possess~oo w control oi any p?ocseds ot Coltstenl.
_ ~ ~ t1 Q ~f~ .f~At,t
' ' . _ - - NOTICE: SEE OTHER SIDE FOR IMPORTAIYT INFORMATIOM •S~('~~y _ ~ _
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