The URL can be used to link to this page

Home My WebLink About0750 INSTALLMENT PROMISSORY NOTE . I11RTL~. ni EEf ./1S$(~~T~S~.I~iC..• (A1 Amount Received s 7.7t7(`. f:n q (8) P~emium for Credit ~'~C ~ ~~i.~a~~~~~Y i~:. s 0. BOX 618, JciiSEli B~iCN. FI,. 33~:I ~c? Doturrn~tsry Stemps s~c?ne ~ OFFICE ApORE55 (0) OthK Chaiges (itemiz~) : ~1t~ IEI t NOTE NO. DATEO: J~ne 5 ~s~8 ~F~ s_ eol,~ ouE: June 16 , t9 88 ~c~ ~ Bu C F~iDnaEced s i~,) tH) Interest s ~~1~.1~ (1) Credit InvesC tion s iititi:s PtACE: , F1.ORIpA IJl Othe. s 11f3?i^ For value rece~ved, tAe unWrsigned (her+inatte~ catied "Maker") jointly a~d semrally ti! (K) S more than one) promisa to pay to 1he order ot the Bank, at its offi~e iis~ed above, the Totsl n~ Payments (from (N) at'right) of 2.2It.~ Dollars paYabte in y~y~_ (L) s TWt1C ec~ual monthly installments of S the ti~st ~M~ FlNANCE CHARGE (H, 1, J, K, L) S ~ ~nsiall~nqnt due o~ `~V~y , 19_, and subseque~t inscauments due on (N) Totat of Payments (G + M) S~~' ~ j''~~- the If~ day oi each month ihereafter, together with s FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE % S ~_~E DUE . 19 The Bank shall impose a delirpuency charge against the Maker on any payment which has become due and remains in default fw a pereod in axcess of 10 days ~n an amount cqual to 57fi of the amourtt of the principal part oi the paymenc in default. In the eve~t that the Note is not paid in full at maturity, all pay- rtientS, whethe. principal, interest or otherwise, shall bear i~terest at the maxirtwm legal rate allowed ur+der the taws o( the State of Florida. All payments made nereundcr shall be credited tirst to interest and then to pri~tipal, however, in the event oi defautt, the 8ank may, in its sole discretio~, apply any payment to ~nte~est, principal and/or lawfui cAarges than accrued. 1[ is ~he intention of the par[ies hereto that the provisions herein shal! noc provide directty or indirectly !o~ ihe payment of a greater rate oi interest or the retentioo of any other charge than is allowed by Iaw. If, for any reason, interest in excess of wch legai rate or charge proh~bited by law shall at any time be paid, 2ny SUCA @xt@SS Sn3ii eitner tonSiiluie eini ~'ic ticu:c~ SS ^ rd`{.'.^.t:l: D^ 2hQ ~!~~t~+3! OI bQ ~ltun[1ef1 diteCtly ro the MOker. The Makermay p~epay theent~re unpa~d balanc@ ot the loan ai any time. If the Ioan is prepaid in tull, accelerated o~ refi~anced, the Maker shall receive a •efund of the unearned port~on o~ the inte.est and ~nsurance prem~ums computed by the Rule of 78's method, ezcept that the Ba~k shatl be entitfed to retain m~mrt?~m intC~eit Charg~ o} ~J.OO, CREOIT LIFE AND CREOIT LIFE & OISABIIITY 1NSURQNCE ARE VOLUAFTARY AND NOT REQUIRED FOR CREDIT. Suth inwrante coverage is +~a~sa4le at the cost designated be~ow fo~ the term of tAe credit: la) 3 for Credit Lite Inwrance (b) S }o~ Credit Lifed~ Disability InwranCe: ' Cneck ? Credil Life Insurance is des~red on the life of ~+PU~. Birthdate ~c~~ ? Credit L~fe d~ O~sabdlty Insurance ~s desued on Birihdgte C?edit Life and/or Disability Inw~aACe is not desired. ~ ~,,p June 5~ 1978 Signature ' ~',Y. iChf2 t~.t ~ Signatu~e As security f~ the payment of the Note the Maker hereby grants to the ~ c ity ~ ~ mCrollowi property: 111 1 Ut' f T ~ f`.A~ i , r2 ~ , , . . , b - . ~n said ~nrtaac~. - ' ~ncluding all intreases, wbst~tutions, .eptacements, additions a~d accessions thereto and in the proceeds therepf (hereinafter called "Collatti0l"1. This seturity ~ncerest shall alsp se~ure any other indebtedneu w liabiliry of the Maker to the Bank direct or indirect, absolute o~ continge~t, due or to b~tome due, now ex- ~sc~ng or hereaher arising, includi~ a!! future advances a loans by the Bank co the Maker, - The 8a~k is also 9+ven a lien and a security interat in all property ar?d securities oi the Maker, endorser, surety, guara~tor or accommodation party of this Note (hereinafter referred to as the "Obli9ors'1, ~ow io or at anY time herea~ter ~om~ng into the control, custody or potseu~on of the Bank, whether for the ex- pressed purpose of bei~g used by the Bank as Col(ateral, w tor any other purpose, and uport any balance or balances to the uedit of any accounts, i~cluding *~ust and agency actounts maintained withthe Bank by any of the Obligors, and the Obliqors ag~ee to deliver to the Bank additional Collateral or make such payments in reduction of the principal amaunt o~ the loan as shall be satistactory to the Ba~k, in t~e event the a~orementioned Collateral shall decli~e in value o~ betome urKatis(actory to the Bartk. Additions to, ceductions o. exchanges of, or wbstrtutions fo~ the CoNateral, payments on account of this loan or increases of the same, or otAe~ loans made par c~a~1y or wholly upon the Cotlateral, may from time to time be made w~thout af(ecting the provisions of this Note. The Bank shall exerase .easonable care in +he custody and preservation of the Collateral to the extent required by applicaDle statute, and shall be deemed to have exercised reasonable care if it takes wch nct~on for that purpose as Maker shall reasonably request in writing, but rto omission to do any act not requested by N~3ker shall be deemed a failure to exercise •easonable ca~e, and no omission to comply with any request ol Maker shall of itself be deemed a failure to exercise reasonable care. Bank shall not be bound to I ~ake any steps neceuary So preserve any rights in the Collateral against prip parties and Maker shatl take all necessary steps tor wch purposes. The 8ank o? its nominee neld not collect interest on, w a principal o(, arty Collateral o? give any notice with respect to it. ~ The Bank may continue to hold any Collateral deposited he.eunder atter the payment o~ this Note, if at the time of the payment and discharge hereof any oi ; the parties Iiable for the payment heTeof shall be then directly or contingently liable to the Bank as Maker, endorser, surety, 9uaranto~ or accommodation party ef any other note, dratt, bill of exchange, or other instrument, or otherwise, and ttx Bank may therea~ter exercise a71 rights w~tA respect to said Collateral granted herein even though ches Note shall have been wrrendered to the Maker. it the Sank dcems itself insecure or upon the happening of any of the following events, each of which shall constitute a detault, all liabilities of each Maker to ?r,e Bank, including cfie entire unpaid principal ot this Note and accrued interest, less a~y unea~ned incerest and any interest in exceu of the maximum allowed b~ taw and any rebates required by law, shall irr~nxdiately or thereafter, at the option of the Bank, except that [he occurrence of Ic) or (dl shafl cause automat- ~c acceleranon; wrthout notice w demand, bscome dus and payable: (a) the tailure of any Obligor to perform any obligation, liability or claim to tMe Bank, to pay mterest her~on within lOdays after it is due, or if thero is no due date, after it is billed or otherwite requested or demanded, or to pay any othN liability what- scever to the Bank when due; tb) the death of any i~d~ridusl Oblgor, the dissolutio~ of any partnersl~ip OblFgo? or !he d;ssolution, merger o? oo~solidatio~ with- o~[ the Bank's pria w.;tten consent of any cwporate Obligcx; (c) the filing of a petitio~ in bankruptcy w the adjudication of insolvency or bankruptcy under any reorganization, arrangement, readjustment of debt, diuolution, liquidation or similar proceeding under any Federal or state statute, by or against any Obligor; (dl an application for the appointment of a receive? ftx, or the making of a general atsignrr~ertt for ihe benefit of creditws by, any Obligor; (e) che entry of ludgment against any Obligor; (t) the iswing of any attachme~t or garnishment, w the filing of amr lien, against any prope?ty of any Obligor; lg) the taking of possession of any wbsta~tial part oi che prope~ty oi any Obligor at the ir?stance of any governmental authwity: (h) the determination by the Bank that a materi- aI adverse thange has octurred in the (inantiat co~difion o/ any Obligw from the conditions set to~t~ in the most retent, financial statement of such.OWigor he~erolo?e furnished to the$ank, or (rom the condition of wch Obtigor as heretofore most recentty disclosed to the Ba~k, or that a~y warranty, representation, certificate a statement of any Obligw (whether contained in this Note or not) pertaining to or in connection with this Note o~ the loan evidencsd by chis Note contairu a~ untrue statement of material tact or omits to scate m~terial fact necessary in order to make the statements made not misleadirg; o~, (i) ehe auign- ment by any Maker 8f`81~Y equity i~ ~ny of the Collateral without the pria w?itten consent of the Bank. The Bank shafl have, but shall not be limitsd to, tM following rights, exh oi which may be exercised at any time whether a not this Note is due: (i) to pledge or trarufe? this Note and the Collsteral and tAe Bank thall thereupon be relieved of a11 duties and responsibitities hereunder and relieved from any and all I~abitity with resptct to any Coilateral so pledged or transter?ed, and any pledgse or transferea shall tor all purposes stand in the plaCe of the 8a~k her~under and have all the riyhu of the Bank hereunder; (ii) to tr~nsier the whoHt o? any Rart oi the Collateral into the nartie oi itself w it: nominee; (iiil to vote the Coltateral; 4~v) to notify the Obliqors oi a~y Collateral to mak~ psyment to the Ba~k oi any smounts due w to becwne dus thereo~; Iv) to demand, we fo~, collect, or ~ make any compromisa or settlement it deems desinble with referencs to the Collateral; and (vi) to take posseuion or controt oi any proceeds of Collater~t. *":'.~t;K' as trse:~ he~nia !ne~sns 7~~tF Renf essa:iates, Inc. an~/ar its ass~qns. - HOTICE: SEE OTNER SIOE FOR IMPORTAM7 INFORMATION O R FBS ~s2 Re,,. 3U01! F,',GE ?~,7 ' - - - - ~ ~ - - - - - - s~ > ~ ~ ~ ~ ~ .-r ~ t ~ ~ ~ ~ _ ' ~ . . 1 ' s~< ~--~.Y~~:~