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Home My WebLink About0951 INSTALLMENT PROMISSORY NOTE TURTL,~ ~F AtW IAT~t I'{C * tnl Amount R~c~~v~d t~~•~ •e~1~ I~iN~~ • 18) Premium tor Cr~dit lih/pisability Ins. S 0. 60X i18, ~NS~~I 8E11CH, FL. 33457 ~c~ o«~m.~~.ry s?,~ s A~ ' OFFICE DDRESS (DI OtM? Charyes littm~i~) s A ~ IEI i~ ; NOTE NO. DATED: JUII@ 11 ,~g 78 , IFI s~N ~ (G) Amount Financ~d ? ouE: June 26 ,19 88 ~A, e, c, o. E, F~ s t?+? ~~t~K~ s • PLACE: . FLORIOA (1) C~edit Inwstiy~tion = ~e 1!1 OtM. S ~N For vslu~ received, th0 Ultd!?Sg11ld (Mf~IfY~iff qllld "Msker") joi~tly a~d severally (if (K! S ~ more than o~e) promise to pay to thce ord~r of tM 8ank, at its otfice listed above, the Toul ~ ot Paymants (trom (N) at right) ot +13s5~1•~ Do~lars payable in ~ _ ` ey~ai monthly instaltrrKnts ot S ~Z-76 , the tint ~M1 FINANCE CHARGE 4~~~ ' (H, 1, J, K, L) S ~ns~allment due on Jul y 26 , 19~, and wbsequs~t instatlmena due on iN! Tota10( Payments (G + Ml S ~ • ~ne26 ~~h month thereaftar, to9si~»r w~th s FINA~ BA~~oON P/?vMENT OF: ANNUAL PERCENTAGE RATE 1A_~_% s ouE ,~s---- The Bank shall impose a delinquency chargs spainst the Maker on any payment whicA has becoms due and remains in defsult ior a ptriod in ezwss of 10 days in an amount eyual to-5% ot the amount o( the principal part ot the payment in de(wlt. In the event that the Note is oot paid in tutt at maturity, all psy- ! ments, whethe? p?incipal, interat w otherwise, shall bear interest at the maxirtwm legsl rate allowed under the laws oi the State of Florida. All payments msde + he~eunclet shall be tredited first to interest and the~ to principal, however, in the event oi dstsult, the Bank may, in its sole distretion, spply any psyment to 4 ~ncerest, principal and/or Iswful charges tAe~ sccrued. It is the intention of the parties he~eto that the provisi~~s herei~ shall not provid~ directly a indirectly for ~he payment of a g?eate~ rate oi interest or the retention of any other charge than is allowed by Isw. Ii, for any ~eason, interest in ezoess of such leyal rste o? a charge prohibited by law shall at any time be paid, a~y wch excs3s shall eithe. constitute and be trQated as a payment on ths principal or be retunded directly to the Maker. The Maker may p.epay the entire unpaid balance of the loan at any time. If the loan is prepaid in full, accelerated or refinanced, the Maker slwll receive a •efund of the unearr?ed porcion ot che inte~est and inwra~ce premiums computed by the Rule of 78's method, excep~ [hat the Bank shall be entitted to retain d m~nimum interest charge ot ~1.0~. CREOIT i1FE AND CREDIT LIFE d~ OtSABlLITY INSURANCE AHE VOLUNTARY AND NOT REUUIRED FOR CREDIT. Such inwra~ce coverage is ava~tabie at the cost designated be~ow tor the term of the credit: (a) S for Credit Life lowrance (b) S for Credit life d~ Disability Insurance: Check ? Gedit Life Insurance ~s desired an ~he tite oi qPQ~ Birthdate Box ? Credit Life & Disability Insurante is desired on Birthdate ~ Credit Life and/or Oisability Inwrante is not desired. 3 i Date: ~1111P 1 1~ 197R Signature ~ a~lss R. A 1u~ Signature As security for the payment of the Note the Maker hereby ra~ts to the Bank a secur~ ~nterest in the (ollowing roper T. t RKOrded on 0. R. Book 263 P ~002. Unt t Mee~c 5 i n Cond. D-~ a~~ 1Hs t Me~k n . 1. ts. Nos.~D-8, aad D-10, respactiMe y, as desc bad n said ~rt9age. ~ncluding atl intreases, subttitutio~s, replecements, additions a~d acteisions thereto and in the proteeds thereof (hereinafter C311ed "Colleteral"1. This security ; ~ncerest shstl also secure a~y other indebtedness or liability oi the Maker to the Ba~k direct o~ indirect, absolute or contingent, due or to become due, now ex- - ~ rc~n9 or hereatter arising, including a11 future advanees a loans by the Bank to the Maker. The Bank is also 9iven a lien and a security interest in all property a~d securi[ies ot the Maker, endorser, wrety, 9uarantor or aecommodation party of this E Note Ihereinafter reterred to as the "Oblgors"), now in or at any time Aereafter coming into the control, custody or posseuion of the Bank, wAether for the ex- p~eued purpose of beinp used by the 8a~k as Collateral, o? for any otha purpose, and upon any balance or bala~ces to the credit of any aocounts, including crust and agency accounts maintained withthe Bank by any of the Obtigors, a~d the Obtigon agree co deliver to the Bank additional Collateral or make such E payments in reduction oi the principal amount of the loan as shall be satisfactory to the Bank, in the event the aforementioned Collateral sF~all dscline in value s o~ become unsatisiactory to the Sank_ ~ Additioos to, reductions o~ exchanges ot, w wbstitutio~s (or the Collateral, payments on account of this loan or increases of the same, w othe~ loans made i partialty w wholly upo~ the Collateral, may lrom time to time be made without atfecting the provisio??s of this Note. The Bank shall ezercise reasonable care in ~ cne custody and preservation of the Collateral to the extent required by applicable statute, and shall be deemed to have exercised ~easonable care if it takes such ~ act~on for that purpose as N~aker shall reasonably requat in writing, but no omission to do any act not requested by Maker shall be deemed a failure to ezercise ~easonable care, ar±d no omiuion to comply with aMr request of Maker shall ot itself be deemed a failure to exercise reasonable care. Bank shall not be bound to ~ ;ake any steps necessary to preserve any rights i~ the Collateral agairnt prior parties and Maker shall Wke all necessary steps for such purposes. The Bank or its ~ nominee nead not tollect interest on, or a principal of, any Collateral o. give any ~otice with respect to it. ~ The Baok may continue to hold any Collateral deposited hereunde? after the payrtient of this Note, if at the time of the payment and discharge hereof any of the parties lisbk (w the payment hereot shall be then directly or contingently IiaWe to the Ba~k as t~laker, endorser, wrety, guarantor or accommodation party ~ ot any o~her note, draft, bill of exdwnge, or other instrument, or otherwise, and the Bank may thereafter exercise all rights with respect to said Collateral ~ granted herei~ ever? though this Note shall have baen wrrendered to the Make.. ~ If the 8ank dtems itsNf insecure or upon the hsppening of any of the tollowing events, each oi wF.ich shall constitute a default, all liabilities of esch Maker to the Bank, including the entire unpaid printipel o( this Note and sttrued interest, less any unearned interest and any intercst in excess of the rt?szimum allowed a by law and any rebates required by law, shall imrr~adiately or thereafter, at the option of the Bank, ezcept that the occurre+xe of (d or (d) shall cause automat- ~ ~ ~c acceleration;without notice ordemand, becornedus and payable: (a) the failure of any Obligor to perform any obligation, tiability w claim to the Bank, to pay ~nterpt hereon withi~ ~Odays after it is due, w if the~e is no due date, atter it is billed or otherwise requated or dert~snded, w to pay any other liability what- ~ soever to the Bank whe~ due; (b) the desth of any individual ObliQor, the diuolutio~ of any pannership Obligor or ths dissolution, merper or Consdidation with- ' j out the Bank's pria written consent ot any cwpo?ste OWigw; (cl che filirg ot a petition in bankruptcy or the adjudiption of insolvency or bankruptey unde? _ any reorganization~t rangemen4 1/str0ent of debt, dissolution, liquidation or similar proceeding under any Federat or state statute, by Or ayainst any ~ - Obligor; (d) ae~tion tor th! ~po~~?t ot a rsceiver for, w the making of a general assignrt~ent tor the benefit of ueditws by, a~y Obligor; (e) the e~try ' ~ or of judyrt~ent againtt ar~y Obligor, (f) the iswing of any attsChment w garnishment, or the tilinp ot any lien, agairtst any property of sny OWi9or; (g) the tekirg of ~ ~ posssssion oi any wbstantisi part of the proEwrty of any Obligor at the instance of a~y gonemrns~tal authwity; (h) the determination by the Bank that s mate~i- t al adverse charqe h~ occurred in the financisl condition of x~y Obligor from the conditions set forth in the most recent financial statement of weh Ob~igor ! - heretotore turnished to ihe Bank, or from the co~dition oi wch Obligor as heretotore most recently disdosed to ~the Bank, or that any ~ranty, rsp~esencation, ~ certificate a statement of any Obligw (whether contained in this Note or not) pertaining to w in connection_with tl+is Note or the loan evidencsd by this Note ~ contains an untrue sWtement of material fact o~ omits to state material fact netessary in order to make the statements rtiadt not misleadiny: a, (i) the ass~~+- ~ ment by any Maker of smr equity in amr of the Collatenl without the prior vvritte~ consent of the Bank. ~ Ths Bank shall hsve, but shsll not be limited to, tfie followinq riyhts, each of whid+ may be exercisad at any time wfiethar or not this Not~ is due: (i) to y pledgs or t?arofer this Note and tM Cofleteral and the Bank fhalt thereupon be relieved of all duti~s and responsibilities hereunder snd relieved from any and all ~ !iability with respsct to sny Collateral w pled~d or transfs~red, ~nd any pladg~e o~ «ansferes shall iw all purposes stand in the pl~ca oi th~ Bsnk hereunder and ~ have sll the riphts of tAe Bank he?eu~der; (ii1 to tnnsf~t tht whok w any part of the Collatersl into the name of itself or its nominee; (iii) to vote the Collstenl; ~ !iv) to notify tM Obligors of any Collatenl to mske psyment to the Baok oi any amounts dw or to becorne due thereon; (v) to demsnd, we for, collect, or T make any compromis~ or settlement it dasms dssirabte with ntK~nce to the Cotlatsnl: and (vi) to tak~ p~ssession or control of sny procNds of Collatersl. ~ ~"6f,~iK" as use~ hereln r.~ea~s Turtl~ At~f A,ssctiates, Inc. ~nd/ r asfqns ' ~ NOTICE: SEE OTHER StOE FOR IMPORTANT INFORMATION R~~A ` ~ FB5 752 Rev. 7/77 EUV~ G PAf~ ~ ~ ~4~ s - - - ~ ~ Y - ~ ~'~~'S-3ty '~r~~'F~~ iti*' ~ ~ _ . ~ ~ - ~ ~ - - ~ ~ , s ~ ~s~ ~ ~~~~~s~~~~' s.~~ 4~- ~