HomeMy WebLinkAbout0940 INSTALLMENT PROMISSORY NOTE
~E ~~f ~~TA~c I~.* (A) Amount R~teiv~d s ~~22.~
L ~L
9ANK NAME (B) Pr~enium for Cr~dit ~,~~,K
Li/~/piability Ins. _
P. 0. 60X 618, JEMSEN BEACH, Fl. 33457 tc~ o«~~,,.~~,.,, s~e~„~: s n~
OFFICE A~ORE55 1~1 OcnK Cha.yss liiem~z~l i~~'
~E? s non~
NOTE NO. DATEO: M'U ZS . 19~. (F) s ~1d12
(G) Amount Fins~ted T~.L.~
DUE: ~ 26 , fg ~ (A, 8, C, E, F) S
(H) Inttr~tt = J •
PLACE: , FLORIpA Gedit Inwstigation S ~~At1e
(J) Oth~r s ?iD(1@
For value rece~ved, the und~rs~gned lh~~~i~atttr talled "Maker") jointly snd fewrally (it (K) = n~~
more tha~ a?s) promise to psy to the ord~r of tM Ba~k, ~t its oitice listed abov~, the Toql
oi Peymsnts Ifrom (N) at rightl of ~,12,246_~ pollsrs payabte io _a~v S nAfte
eyual mo~thty installments of S_i~-~ , tne ti.st ~M? FINANCE CHARGE
~nsiallment due on J11Rp' 26 , 1~~_, s~d wbsaquent installments dus on (H, I, J, K, L) a 452~.0~
(N) Toul of Psymsnts (G + M) S 12.2~.~
~h~,_dsy of each month tMreafte~, togetMr vrith a FIMAL BAL~OON PAYMENT OF: ANNUAL PERCENTAGE RATE IO.OO %
5 j{(~ ~UE .19-..~~•
The Bank shall irr~pose a delinque~cy charpa agsinst the MakM on any payment which has b~COrtte due and remains in detault for s period in ezpss oi 10
days in an amount equal tp 591~ of the amount oi the principsl part of the payment in default. In the event that ths Note is not paid in tull st maturity, atl psy-
ments, whether pri~cipal, interest or otherwise, shsll bear-imerest at'the maximum legal rate allowed under the laws of the Stste oi Florida. All payments msde
he~eunder slWll be tred~ted ti~st to interest and thet~ to principal, however, in the event oi default, tAe Bank may, in its sO~e discretion, apply sny payment to
~ncerest, principal and/o~ lawiul charges then acc~ued. it is the lntention of the par[ies hereto that the provisions herein shall not provide directly or i~directly
tor che payment ot s greate. rate of i~terest o? the retention oi any other charge tha~ is allowed by law_ I1, tor any resson, interest in excsss of sueh legal rote or
a charge prohibited by law :hall at any time be paid, a~y such exceu shsll either constitute and be treated as a payment on the principal w be refunded diractly
ro the Maker. ~
The Maker may prepay the ent~re unpaid balance ot the loan at any time. It the loa~ is prepaid in full, aaelerated or refinanced, the Maker shall receive a
-?fund ot the unearned portion of the interest and inwra~ce premiums computed by the Rule of 78's method, except that the Bank shall be entitled to retain
a m~nimum intlrgst charge of a6.00.
CREOIT LIFE ANO CREDIT LIFE ~ DISABILITY INSURANCE ARE VOLUNTARY ANO NOT REQUIRED FOR CREDIT. Such inwrance coverage is
available at the cost designated below for the term oi the aedit: (al S (or Gedit Liie I~wrance (b) S
for Credit Life di Oisability Inwrante:
Ci,eck ? Gedit lite lnsurance is desired on the lite ot
Appt. Birthdate
er,x ? Credit Lile di D~sab~tity Insurar+ce is desi?ed on
Bi?thdate '
Credit Li(e ar?d/o~ Oisability Inwrance is not desired.
Date: Hj~V 1S~ Sgnaturen~
(=.,.~/.~1i'(/~ ~~~1 L!/~~-
lW1/C` p4 1~~~
Sgnature ~-t'L~%ut. f',Z,t;/w
As security for the payment of the Note the Make~ hereby grants to the a~un ri~iCreit in the follOwing prOpErry: TI~~i~' R~f
--y---~~.~.et~i~e~~8.--f:r~edr ~~,-~ar,~ ZpQ2 ..Jc < < '-~~p?~s Lc:.' ir: ^o~.ci. ~ .
~nci ng ell mcr~ses, wbsutuUOns, rep acements, additions and accc~s~ons therero and in the proceeds thereof (hereinafter wlled "Collateral"l. This security
' ~ncerest slwll also seture any ather irxlebtedness a liability ot the AAake? to the Bank dirett or indireCt, absolute or contingent, due or to beCOme due, ~ow ex-
i
~st~ng or he~eafter arising, inctuding atl tuture advances w Iwns by the Bank to tAe AAaker.
i
; The Bank is also give~ a lien and a seCUrity interest in ell prope~ty and setunties ot the Maker, entiorser, surety, guarantor or atcommodetion party of this
; Note ihereinatter referred ta ss the "Obligors"1, now in or at any time hereafte~ toming into cAe contrd, tustody or possession of the Bank, whetAer for tbe ex-
~ P~essld putpos! Of bling ufed by th! 8anlc eS COIIatE~al, w for any other purpose, and upon any balance or balances to the credit oi any accounts, including
f c~usc and agency accounts mainta~ned with{he Ba~k by any ot the ODtigors, and the Obligors agree to deliver to che Ba~k additional Cottateral w make wch
~ p~vments in reduction ot the principal amoun[ of the loan as shaU be satistactory to the Bank, in the event the atorementioned Collateral shall decline in value
~ cr bOCOflI! unSOtiffBCtOfy IO Ih! 82~1k.
Add~tions to, reductions or exchar?ges of, or wbstitutans tor the Collateral, payments on account of chis Ioan w inueases of the same, or other loans made
~ pa~r~ally w wholly upon the Collaural, may f~om time to time be made wichout afiecting the provisions of this Note. The Bank sha~l exercise reasanable care in
~ the custody a~d preservation o( the Collateral to the extent required by applicable statute, and shall be deerr?ed to have exercised reasonable wre if it takes wch
~ act~on for that purpose as Maker thall rwsonably request in writing, but ~o omissio~ to do any act not requated by Maker sl~all be deemed a tailure to exetcise
~ reasonable care, and no omiuion to comply with ar+y request of Nlaker shall of itself be deemed a failure to exercise reasonable care. Bank shsll not be bound to
cake any steps necessary to preserve any ~ights in the Cotlateral against prior partias and Maker shall take all necessary steas fo~ wch purposes. The Bank or its
~ nominee nead not collect interest on, o? a principal ot, any Collateral or give any notice with respect to it.
~ The Bank may continue to hold any Collateral dsposited hereunder a(ter the payment oi this Note, if at the time of the payment and discharys hereot any ot
~ che parties liabte for the payment hereof shall be tMen directly or contingently liable to the Bank as Maker, e~dorser, wrety, guarantor or aocommodation party
~ of any other rate, draft, bill of exchange, or otht? instrument, w otherwise, and tAe Bank msy thereafter ezercise aU rights with respect to said Collateral
granted herein even though this Note shalll?ave been wrrendered to tAe Maker.
~ If the Bank deems itselt ir?secu?e or upon the hsppeniny of a~y of the following evenrs, each of which shall constitute a default, all liabilities oi each Maker to
~ che Bank, including the entire unpaid principal of this Note and acuued interat, less any u~wrned intersst and any interesi in excess of the maximum allowed
~ by law s~d a~y rebates required by law, shall imrt~ediatNy or tfierestter, at the option of the Saok, except that the occurrence of (c1 w Id) shall esuse sutomat-
~ ~c acceleration;without notice ordemand, bseomedue and payable: (s) the taiture of any Oblipor to pe?form any obtiga[io~, liability or claim to the Bank, to pay
~nterest hereon within 10days after it is due, o? if the?e is no due date, aiter it is billed or otherwise requated or dertwnded, or to pay any otAer liability what-
~ scever to the Bank when due; (b! the death of any individusl Obtgor, fhe dissducion ot any partne~ship Obligor or the dissolution, mer~er w eonsolidstion with-
- out the Bank's prior written co~se~t of any corpwate ObligOr; (c) tha iiling oi s petition in bank?uptcy or the sdjudiption of insolvency o~ ba~kruptty under
~ any reo~ganiZation, arrangement, readjustment of debt, dissolutiOn, liquidat~on or similar proceedi~g under ar~y federal or stste st,tute, by o? aysintt any ;
~ Ob~igor; (d) an application for t~?e sppointrt~ent ot s rsoaiver tor, w the making ot s yene~al assignment for the benefit of craditors by, any Obligor; (e) the entry ?
of j~nt ayai~st any Obligor; (tl the iswing of sny attathment or garnishment, or the (iling ot any lien, agsinst any property of any Obligor; (g) tM qki~g of
~ possession oi any substantisl part of the property of any Oblgor st tAe instance oi sny governmencsl authaity; (h) tM determinatio~ by tbe Bsnk thst s matsri-
a al adverse chanpe has~dtWrred in th~(inau~ial tondition ot a~?y Obliyor irom the Conditiora set forth in the most recent fi?Wntiel statement of wCh Obligor
~ heretofore furnished to the Bank, w Om the condition of wch Obligor as heretofore most rep~tly disdossd to the Bank, a that any wsrranty, raprpeatation,
= ce~cificste or statemenc ot any Obligor (whethe~ contsined in this Note or not) pertaining to or in oonnection with this Note w the loan eviderked by Mis Note
~ contai~ an untru~ stateme~t of materisl ~act or omia to state material tact necessary in wdtr to make the stataments made not mislpdirg; w, (i) the miyn-
ment by a~y Msker ot any apuity in snY oi ths Colbt~rsl witAout tht prior written consent of the Bsnk.
s" Th~ Bsok shall have, but shall not be limiad to, th~ tdlowi r
rg igha, esch of which may be exercisad st any time wf~etl?er or not this Nots is dwa: (il to
piedge o~ transfer this Note and the Collste~sl end the Bank s1~s11 thtreupon b~ rNievad of all duties and ra~ponsibilities he~eunder and r~lievrd from any a~d sll
~ ~~ability wit~i rerp~ct to sny Collat~nl so plady~d w tnnsfKrsd, snd any pl~d~e w tran:teree ~hall for sll purpos~s stsnd in the place ot the Bsnk h~reur~r and
have sll tt~e riyhts ot tM Bank herwnder,lii) to tnruf~r tM whob or any part of tMe Collsteral into tM nsme of itself or its nominee; (iii) to vote tl~ Collatersl;
~ Ii~) to notify tAe Oblipors of sny Collateral to rrwk~ p~ymsnt to the Bank of any smounq dus or to become due thercon; (v) to d~rnsnd, we fw, collect, a
~ make any compromise or settlemsnt it deema d~siraW~ witA ref~r~nce to the Collateral; and (vi) to ak~ possettion or control of sny prootids of Collatenl.
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*•~K~ u~~Np IC jSEE OTHER Si~~E ~6R IMPORI'gCN1~N1 FOR16fAtIQ~~ or iL•s assigns.
FBS 752 Rev. 7/77 - ~C~~ 2~2 P;1~~ ~
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