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Home My WebLink About0608 INSTALLMENT PROMIS50RY NOTE ~M~M ~tC~l ~ IA1 Amount Recewed 51~~~~ 6ANK NAME (8) Premium for Cr@dit Life/Uisability Ins. S b~~~ 19~ Ci~fs'C~~ ~MNA ~M~f~ M :3~57 ICI oocumentary Stamps S ~~10 OFFICE ADORE55 IU) OtMr Charges Gtemize) S~~~~"~ IEl S~'~~~"'~ NOTE NO. DATED: g~r~ 1• , 19Z~_. (F) 5~~~~~ (G) Amount F~nanced is~~~10 OUE: ~lAt~!! 16~ ,~g~, IA, B, C, D, E, F) S ~H~ ~~«~~t s y.1~0.6~ J~M ~Cb , FLORIDA (1) Credit Investigauon PLACE: IJI OtMr S""""' For value received, the undcrs~9ned lhereinafter catled "Mske~"1 ~oimly and severatly lit (K) . more chan one) promise to pay to the order of the Bank, at its office lis~ed above, the Total u! Payments (~rom IN) at rignt) oR~•~~~ Douars pavable ~n _ (l) ' ~ r""~~~ lM) FINANCE CHARGE ~~2~~62 ~ual monthly installments of 5~~~ , the first (H, I, J, K, L) S ~ns~allme~t due on Act,eb~' 16~ tg~_, and wbsequent installme~ts due on (N) Total oi Payments (G ~ M) • cne~]by of each mo~th thereafter, to9ether with a F~NA~ B~?~~OON PAVMENT OF: ANNUAL PERCENTAGE RATE 1•O X, 5 ~OM OU N~" ~ .19~ . The Ba~k shatl impose a de~inquency charge against ~he Maker on any payment which has become due and rema~ns i~ default for a period in ezceu of 10 ciays i~ an amount equal to 596 of the amount ot the principal part oi the payment in detault. In the event that the Note is not paid in tull et maturity, sll pay- n,ents,. whethe. p~~r+c+Pal, interest or othe~wise, shall bear interest at the maximum legal rate allowed under the laws oi the State oi Florida. All payments made he.eunder shall be credited first to interest and then to principal, however, in ihe event of default, the Ba~k may, in its so~e diu~etion apply any payme~t to ~ncerest, principal and/or lawlul charges then accrued. tt is ~he intention'Df the pa~c~es hereto that the provisions herein shall not provide directly or indirect~y for the payment ot a greacer ra[e of interest o~ the re[en[ion of any ocher charge than is a~~owed by law. If, for any reason, inte~est i~ excess of wch legal rate or a charge proh~b~ted by law shall at any time be paid, any such excess shall either constitute and be treated as a payme~t on the printipal or be refunded directly ru the Mlaker. The Maker may prepay the ent~re unpa~d balance oi the loan at any time. It the loan is prepaid in tu11, acce~e.ated or refinanced, the Maker shall receive a •e~und oi the unearned porcion of the interest and inwrance premiums computed by the Rute of 78's method, excep[ that the Bank shall be entitled to retain minimum interesl tharge of ~.(b. CREDIT LIFE AND CREOIT LIFE & OISABILITY INSURANCE ARE VO~UNTARY AND NOT REQUIRED FOR CREDIT. Such ~nsurance coverege is ava~lable at the cost desgnated below for the term of the credit: (a1 for Credit Life Insurance (b) $ !or Credit Life & Uisability Insurance: Check "LJ Credit Life Insurance iz des~red on the life of ~I~ iil~ A~p~ 1~~~~~ ~O: 6~N~ Buthdate 1 ~ ~ Box ? Credit Life & Disability Insurance is desued o~t Birthdate ? Credit Li(e and/or D~sabifity Insurance is not des~red. ~;~y R~ , ~ ? , gg~..~hor 71 ~ 1978 S~gnature= ?f Date: i ~Ila~ ~laod S+gnatwe i ~ ~ urit for the a ment of the Note the Maker hereby grants to the Bank a secunty ~nteres[ in the following propert~t ~ 1~• ~~Op TT• f aUi~ ~~F Al~I~ ~1? I~Ziil~ ISLAID a d~rib~d ia sa ~o ; 12929 iscl~d ~ ~sNS ~oo~. _ ~ ~nctuding all increases, wbstitutions, ~eplacements, additions and access~ons thereto and in the proceeds thereoi (here~nafter called "Collateral'"1. This secunty ` mcerest sbatl aiso secure any other i~debtedness or liabiliry of the Maker to the Bank direct or md~rect, absalute or contingent, due or to become due, now ex- ~ ~scing or hereafter arising, including all future advances w ~oans by the Bank to the Maker. ~ The Bank is also given a I~en and a security i~terest in all p?operty and securities of the tilaker, endo.ser, surety, guarantor or accommodation party of this No[e (hereinafter referred to as the "Obligori'1, ~ow in or at any time hereaf[er com~ng into the control, custody or posseu~on of the Bank, whether fo? the ex- ~ p~essed purpose of being used by the Bank as Collateral, or for arsy other purpose, and upon any balance or balances to the credit of any accounts, including ~ ~~usc a~d agency accounts maintained withthe Bank by any of the Obligors, and the Obligors agree to deliver to the Bank additio~al Cotlateral w make such ~ nayments in reduction of'the princ+pal amount of the loan as shafl be satisfactory to the Bank, in the event the atorementioned Collateral shall decline in value ~ o~ become unsatisfactory to the Bank. ~ Additions to, reductions o. eachanges of, or substrtutions tor the Collateral, payments on account ot this loan o~ increases of the same, or othe? toans made - ~ p~rtially or wAolly upo~ the Collateral, may trom time to time be made without atfecting the provisions of this Note. The Bankshall exercise reasonable care in ~ che custody and preservation of the Coltateral to the extent required by app~icable s:atute, and shall be deemed to have exercised reasonable care if it takes wch ~ act~on for that purpose as Maker shall reawnably request in writing, but no omission to do any act not requested by Maker shall be deemed a failure toexe?cise ~ ~easonade wre, and no omiuion to comply with any request of Maker shall of itself be deemed a failure to exercise reasonable care. Bank shall not be bound to 2ake any steps necessary to preserve any ri9hts in the Collaterat against prior parties and Maker shall take all necessary steps for wch purposes. The Bank or its ~ ~uminee need not collect interest on, or a principal of, any Co~~ateral or give any notice with respect to it. ~ The Bank may continue to hold a~y Collateral deposited hereunder alter the payment of this Note, if at the time of the payment and discharge hereof any of ~ che parties liable for the payment hereoi shall be the~ direc+ly or contingently liable to the Bank as Maker, endorser, surety, guarantor or accammodatio~ party ~ of any other note, d?aft, bill o( exchange, or other instrument, or otherwise, and the Ba~k may thereafte? exeruse all rigt~ts with respect to said Collateral' granted herei~ even though this Note shall have been wrrendered to the Maker. If the Ba~k deems 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 the Bank, including the entire unpaid principal ot this Note and accrued interest, less any unearned interest and any interest in excess of the maximum allowed ~ by law and any ~ebates required by law, shall immediately or thereafter, at the option oi the Bank, except that the ocwrrence of (c) or (dl shall cause automat- - ~c acce~e*ation;without notice or demand, becomedue and payable: (a) the failure of any Ubligor to perform any obligation, liabiiity or claim to the Bank, to pay ~ncerest hereon within 10days after it is due, or if there is no due date, after it is billed or othetwise requested or demanded, or to paY any other liability what- scever to the 8ank when due; (b) the death of any individual Obligor, the diuolution of any partnership Obligo~ or the diuotution, merger or consolidation with- = out the Bank's prior written consent of any corpaate Obligor; (c) the filirg of a petitian in bankruptcy o? the adjudication of inwlvency or bankruptcy under any reo?ganization, arrangement, readjustment of debt, dissolution, liquedation w similar proceeding under any Federal or state statute, by or against any ~ Oblgor; td) an applitation for the appointme~t of a receiver for, or the making of a general assignment for the be~efit of c~editors by, any Obligor; Ie) the entry o( judgment against any Obligor; (f) the iswing of any attachment or garnishment, or the tiling of er?y lien, against any property of any Obligor; (g) the taking of possession oi any wbstantial part of the p?operry of any Obligor at the instance of any governmental authority; !h) tbe determination by the Bank that a materi- ;z at adverse thange has otturred in the finaricial tonditiw? of any Obligor from the cor?ditions set forth in the rt:ost recent financial statement of wCh Obligor heretofore furnished to the Bank, or from the condition o! wch Obligor as heretotore most recently disclosed to the Bank, o~ that any warranty, representation, certificate w statement of any Obligor (whethe~ co~tained in this Note w not) pertaim~g to or in connection with this Note or [he loa~ evidenced by this Note ~ contains an untrue statement of material fact or omiu to state material fact necessary in order to make the statemems made not misleadirg; or, (i) the auign- ment by any Maker of any equity in a~y of the CA~~atcral without the prior written consent ot the Bank. _ `y The Bank shall have, but shatl not be limited to, the fotlowing reghts, esCh of whith may be exercised at any time whether or not this Note is due: (i) to ~ ptedge w trarofer this Note and the Collateral and the Bank shall thereupon be relieved of al! duties aod responsibilities hereunder and relieved from any and all ~ I~ability with respect to any Collateraf so pledged or transferred, and any ptedgee or transfe*ee shall for all purposes stand in the p~ace of the Bank hereunde? a~d ; have all the rights ot the 8ank hereunde?: (ii) to trantfer the whole or any part of the Collateral into the name oi itself or its nominee; (iii) to vote the Collateral; liv) to notify the Obligors oi any Collateral to mske p~yment to the Bank of a~y amouna due or to become due thereon; (vl to demand, we for, collect, or ~ make any compromise or ~ettleme~t it deern~ desirable with refere~xe to the Collateral; and (vi) to take possession or control of any proceeds oi Collatsrat. = Q - NOTICE: SEE OTHER SIOE FOR IMPORTANT INFORMATION ~~4X ~{~4 PaC~ s~ ° Fg5 752 Rev. 7/77 _ - -•~z - - - - ~ - ~-~"c ' - - ' , ' .,``~~'".~~.x.~'"w"~Y-T',..s~~".~:N..~.'xr.~,.. .a,.~ . _ - ~ lQ--~.~u:-~ r'~.k.u~~