HomeMy WebLinkAbout0095 . ~ ~ INSTALLMENT PROMISSORY NOTE . . . ~
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- ' ' . ~ Jensen Beach~Bank ' - - - ,-tiu-amo~"~A.c.~wd s 12:s200.00-- -
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; . . BANK NqME :i - - . =-'!t_ _ f~ - s lB~ ~Vr~miumforCrWil._ .
. . - ~ . . . ~ ~ _ " ~ . ' ~ Lif~lDis~bUity In~.
_ - 1939 CQ~~rierci@,1 St. f ~enaen Beach ' Fl~ ~~33457--'~ ~tCl~~Docum~nurr ~;.,,,p,~r•- i'- 26.95- . -
. . - - • OFFICE ADORESS ' _ . - ~ ~IDI Othe~ Ch~ryas (itemii~l " ~ '
_ _ ~ _ , '1'_ i~• ii. •f}i•~''1~j~•'~•l~i•,~,:Ji,± j~E~^ ' ~ 7~1 ~ ."'~'i7l~._ . ' ~f
NO7E NO._- tI~- 'i; = ~ %DATED° OCtObg!' ~.3. =•!'t =-•~~19~r~ i~ ~ ~ ~ = :ti-- '1- i~[ ~~i_:~!!~ -~:..--r:.. -
- :i--_ :t~ 1!i ~ t;{ =;j~ ~ te!-~ if~~~`i ~t~. ' . ^ ~ -11t -1;~--,il~.,:~•-- ~ _
October ~2~, . . •1' '-.i,i= 1 ~t988 ,l~ 'IGI1f mouni F~nsEce j° _ ~1~._i ~
DUE- t ~ a. e: c.v, •~Tl-'216:95-=-' ,
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P~~cE: ' : . ~~Jpinsen-~Bga~~`~~ _ . _ -~~t : tl' =f F~ORIOA",a, =t'~)._`Cr~dii ~nve'siiy:t~oo = ~s~ - . ;
. . s• . M - • ~ :{.'_'!~1---~iJ,-- irJ?=~i~Nr'.~ii =1'~= tti.^- - - ~
.`~r ti~lu~ received. ~hw u~der:~gned (he~einafter ~alied "Msker"1 ~oiotly'and seversllY:litr~'i~ ! - e,?=~ = 1~ • ~ tt~ _ . .
~n.~~e than onel promise to psy 1o the ordtr ut the Baok, st itt off ~ce listed sbove, ths ToUi ~ ~ _
oi Pa mentsltrom INlat.i ht ot ~1 • ` `'(L1= S'?-=E;i ~ t3~ :f~- =~;s - ---r- .
v 9 1.~ 7s7$7~.b0 'Oo ar:paYsble in 12O•~. ^
s,4ual monthly insNllmenls of 5~~•73- ~ - - • - tM'tirst _ ~IMI ~FINANCE ~CHARGE't_ s "~•6~5•~~.65-' - -
November -21' . ~ 7H . . • . • . . . ~ ~ . -iH. ~,y: x::i~ ~ 's= = - .
~,,stanmentdueon _ 19 ,ind~wbsequentinstatlmeotiduson' (Nl'TotslotPaYm~ntzlG+M1 ~S ~i7~76?•~~ ~ . .
~ne 21S~ay oT estA rtwnth tl~eaesltc?~ iogelA~r with s FINAI BALIOON PAYMENT UF,.; ANNUAL PERCENTAGE RATE ~D•~ %
s _ none - ~uE • ; ~9 - - - - - _ . _ _ _ . . _ .
_ . . . . . :'--',r.'--'~;.'--'St~'--'...~ - • - _ -
The Bank shall irtKwse a delinquency~thsrge sgsinst the'l~Aiker.on any payrt?ent wAicA hss Oecome ilw snd remsirisin~eiau~Ylor'~
periodin~txcos{ot 1~,
c!ay s in an amou~t equal to 59fi of the amount Ot tAe printipal put ot ths paymen`t, in ditsult: jn 1Me evi~t,ihat ihe Note is not psid i~ full at matunty, stl psy-', =
nknts, whether p~intipal, interest o! otherwis~, shah be~rinierestaCthemaxiriwn?tayel~itea~lbwedL~+de. the.laws'ol;th~Stat~ot.F)wids. Allpsymsnn~riade
a~seder aha!! ps ~•af;ted first to interest and then to princip'al; howevEt~ in ths,event, o[ default; thE Bank m~ys ih its ~ole ~iscretibn, apply sny psymMt to
,n;e~esc, principal and/w 1aw(ul charges then actrued. It•is the intention.Qf the Darties'hereto that theProviirorishere~nshall"notP~ovidedirectly or~indirectly:
to~ the payment ot a 9reater iate oi interest or the reteniion ai ai+y other cherge thao is sllowed by law: 11,~for ~ny~ieasoq, iqteiest in exoess oi such legsl rate 4r ~
a c narge prohibited by law shaH at any cime be psid, any wch ezceu shall eithei tonstitute and be
treated as a payrtient nii th'e principal or bs refunded directly
tu t~eMaker. - _ . ' - _ . - - = - i~i._~}i, -.~1~'~~ '~f1"_'l~:~...~~i,.{ .~~1f4~ -
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Tne Maker may prepay ihe entire unpaid balar?ce~oi the loan st any.iime: Il:the lo~n'a prepaidin ~tull,~ sccetented~or iefinariced; the,Mak~.-shs11 .eceive a~ .
r rf und of the unNrned ~portion of the interest~and iosuranCe premiumt Computtd by tA! Ru~~.ofJ$'s~method, except ihaf the Bank'shall be entided to retein _
. -n r;imum ~ntereft ChargB Ot _ - " ~ ` - • . _ - • . _
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CREDIT LIFE AND CREUIT IIFE & DISABI~ITY'1NSURANCE ARE.VOLUN7AQY'dN0!lIOTREQUIREO'FORCREUIT.Such insurancecoverageis
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~..~~'able at the cost designated below }or~the teim ot the uet~~t= ~lal S ~ -tor ~redit Cife Insurance lbl S ~ ' - ~ ' , ~
to Cred~t Li(ede Uisabilily lotura~ee' - • - - - - _ - - _ ! _ _ • - _ -
- ' - ~ ' - _ R~ "'~~~~i i:# _ - . - .
~ r,~ck ? Credit ~LI(e Insu?anCe is desnetl Dn the Iile Of ~ - - - ' - - ~ - - • - -
:~apl. • - . . - _ . _ • _ . _ _ - _ - - Birthdate - . _ . _ _
e:: x N Q-Credit tite 8~ Disability Insurance is des~red or~ - • ` _ - - - - • _ - . ~ - ' • _
• • . - _ - • ~ ' Birt6dste _ , . _ _ ~ . _
' Q Credit Ufe snd/oi.~isability I~w~ance is.not deiired: - : ; ~ . . - - _ - - " - - _ -
October '13; 1978' ~j: ~?;;~_:~ii~ ~ .,.~~rf= ~ r--~ = ~ _ . ~ .
~ ~ ' s~~~c~.~ ' ~ - :
- . . _ r _'t _ . ~ - - - - - ~
. - ~ = ~:i~~ .~z'=:. _Robert~. ~Re#.d.--:;ii
~~'t! - - - _
- - _ . ~ijt ` ' ' . ,~Sigmture'~ ' ~ - " ' ' _ ~ _ i! _ . , . - . .
As securiry for tht payment ot the Note the~Nlak~r~heieby grantito the,Ba'nk a security intercst iri2he following ~ope ~,r~~~~' r'--_• •
Lot #282, Sectivn ~II, -in -that :certai~ti• condoT.iniiim•1cno~v[r-as'd[7TDoDR •EES08?S-QF--_- -
At~`.ERICA AT AETTLES ~-ISLF.h'D~~as desciibed 3n'-said•~rt~ortqaQe~:•'=-•:" •:s,-=•:,_•- - - - .
~:.;d~ng a~1 ~ncreases, substitu~~ons, teptacertxnts; addi~ions and atcessions thereto a~ti,in-tAe~proce0ds~thereoE-(he?sinatter_calted "Collateral"1. This security _ ~
rest shall also secure any othe. indebtedneu or liability ot the Maker-tQ tf?p•BanK'drec~'oF'indire~, ~bspJut! or cWlt~rgent~ du! W To become due, now ex-
~>t~~.p o~ hereafter a~ising, including aI1 tuture advances a'laansby the 8ankao'the ~1Aalce:= -1jc -:r~ ~ 1;: = ~1~ -
=1~: =f1 ~_'.~.'-'~}.'-';y•', . .
Tno Bank ~s atso given a I~en and a secu~ity inierest. in-all property .and iecunt~es of tfie 1Nak~r; sndorser;;su`reiy,guanntor.or aecomm'pdation party af it+is
~~o:e Ihere~Rafte~ ~ete«ed to as the "Obligors't, aow inorat any t~me hereaftn coming Into 1A~control; custody ar:possestion of_the Bank, whether fo~ tha ex- -
n~essed purpose of bei~g used by the Bank as Collateral,•or lor:any othar purpose,.and upo~~aAy balaxe~'. Wl~nt~s to:1Ae C~edit of ~ny accountt, including _
s-:,s~ and agency accounts maintained withthe Bank.by anll of tAe'Obligors, and the Obligors egree to tleliver'to'the 8ank.additiorwl Collaterai or make sucA
,~~y n~~ent5 m reduction of the principat amount of the laen as shall be sausfactory to the"Bank; in the event the aforeme~tioned Collateral st?all decline in value
t~ecome unsatistaetory to the Ba~k, . - • - - - - - , : - - '
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Add~t~wn to, reductions or exd?anges of, or substitu~ions fo. the Collateral,payme~ts on account ot thitloan w intreases of the satne, w other loans msQe _
c:3~ ~~a~ty or wholly upon the Cotlate+al, may from time to.time be made without aftecting the provisions of this ~to[e' The 8ank shal! exsruse ?essonsble care in
c ne cz,scody and prese.vation oi the Co!lateral to t1~e extent required by appC~ble statute; sod shall ~be deemed to have exercised reaso~ablt cere if it tskes wc~h
~o~ tor thst purpose as Maker shalf ressonaWy rrquest in w.iteeg, but no omasion to do sny act not ~equested by Maker sha(1 be deemed a talure to exe.cise
~~~sonaGle care, and no omission to comply with any request nf Maker shsll of~tself be deerried a fsiture to exe.cue reasonable carr. $ank shsll not be bound to
r e an~ steps necessary to preserve any rigAts in she Collatersl sgai~xt Qrioc earties and Maker ihall tske all netasscy steps'iw suth purposes. 7ho Ba~k or its -
r.,,m:nee need not Collett inter~st pn, or a pr'ihcip~l of; sny Coibtenl pr piv~.any~ioticewith iesp~etio'it: '~••.•:;.L :~tY an= r_"r
The Bank ma continuetoholdan Collaterat ~s.' ' ' ' ' • -'s•'~`':t-~ j'~ '~ti-~:1.• . - ' -
r v deposiced~ne~eund~. a1ie:=ttie p.ymem=af thit"7Voie~f.ac ~h~.terwbl tha
o#yment ai~d
aischa.ye he~eot eny At
, ne ~ar~ies liable fcx ihe payment hereot fhaft be then direttly Dr conti~gentiy fieble to;heBank as7~Aake
~•endoiser, sure}'y', guaranfa or socommodation pany ~
o! any othtr note, draft, bill ot exd?sng~, ot od~ar itutrument, ~or otherwFse,.a~d .tbe Bankrfay.thpesfte[ arertise~sll~Tjphu rrith respstt.to.ssid ~ollater~l
q-a~ted herein even ihouyh this Note shatl have bee~~ wirendered to tlie Msker~'_~ ' _ - f: _ ` _ _ _ - _ -
It~heBankdeemsitseltinsecureo? . he "s. j~;.=~'.~i.,=~:~c=ii3.~.^':1^-;i:=~~~•=:`•t•_...~.=..;:•..- -
u~wr! t happe ing
ut any-ot the fOlbwinp eyents, esdf ot whici~"thall cb~utitute ~ d~tsult, ~11 iiabilities ot tacA Make. to
•h~ eank, :ncludiny ~he en~ire unpaid principaf•oT this"111ote-si~d socri?ed~interat,'lessany'uiwrned'inte:lst snd_any`iniereitinesieessof themsximum sllowed _
F;r ~aw and ~mY rebstes required by law.shalf imrrodstNyo~ thereaher',it the-optionof the$snk;exce~t ihat tf~e ocnirrenceot lclor (dl shsll ciiwse sutomai- ~
a_;.eiera~io~: without notice or demand, bec,eme due siid p~Yable: (eTths fs~ire a~ariy Obtipor~o perTorm sriy obliysfiort; fiabilmr br dsim to 1hs Bsnk, to yay
~~:e~esc hereon wirhin 1Qdays attsr it it due;w i(lAerr isnOduedste;7lNritis biI{ed pr otAerwife requesLed oGdemandrd,Oi m pay,sny Otha~iaDilityyrhat_-
s~,e ver to the Bank when due; (bI the death of sny individual Oblqar; iM dissoTution Of an tii~ersA' ~ Obl~
•~.;c fhe Bank•s - ---~~P~_. !Py ou~.orthe.d}ssolut~on,mer~or;oonsolidstionwith- .
pr~w w.iceen eoruent pf sny eorpwsn Obli~or; .~e) .the filing of a p~ti[ion iri dankrupuy~oi-th~ idj+ittfiwrtion af insolver~cy o? bonk~uptcy under -
~ reorganintion, arra~gerront, readjastment o~ d~l~~ dissdution, (iquitfation p simila/ prace~dinp under any Federal or" iiste aetut~; by_ o~_sps~ixt sny .
!:t~! ~-~or. (d) a~ spplicatioo for tha a{~pointmsnt 3fa reosw~r for, a the making of a general sss" t io? the bei~eiit W ueditori
c' iudgment a9einst any ObY r: {f) the issui of ~ bY.~^t? Ob~iyo~:IeZ the entry _
go ^y ~+Y atuchment o? yarnishmeni..q.the /Jitg of ar~y lisn. sgsir?tt ar1Y WoP~tl? of arty Dbliypr: (y1 the tikiny of._ .
;.,sseuion ot any substantial p:rt oI ths prnperly vf any pblipor st the +nstanoe oi any povernm~ntsl auMoiity:-1h? the deurmirnt;on by the~Bank .thst a
mat~-. - '
a! -aciverY change has oocurred in the iinsnci~l eondii~oei uf snjr'4bligor'trom the`conditiw~sse~.tortli in the rttott recentiinancwl stttement oi wch Obtqor " ~
ne~e~otore tumi~ed to d~e Bank,vr irotn the condition otand~ Obliyor as M.ewiore moa recanelydjaola~sedwihe 8ardc,w~st arnrwwrsnty; repre~entatan,~
c~,r ;~+~cece or staument of ar~y Oblipcx Iwhithv contaiaed in tt~is Note nr nod perssininp io or ~ connettion with ihis Notp or tfw losn fvide~ced by this Note
~a,ns ~n uetrue statemerit of mater;af ~ict ui omits ~o ccste macerisf {~ct n~cessary. in, order
to make the statWnents+made oot malesdinp; ot: (i) the ~ugn- -
by any Malur of sny equin ir: aay of the Cattaterst witfiout the_erio~ writte~ cortsentvt the 8s+~k.'• : .
7he Bank shsll fiave, but shalt rot be rmitsd to, th~"(ollawirip rghu, esch `o~ whi~l~ msy be exerc'ued si any tune whethe? w not this Note u dva-.li1 to
a A~:~e w usnsier this Nate and the Collater~t ~d t1~e Bank fAall thereupoo be
relieved of all duties snd reiponsibilitks hereunde~ and »tiev~d from sny and ~II
!~5~~~ty with respect to eny Collatersl to P~edp~d w Va~uftr?ed.ynd anr P1edDM o` trsnstere~ shdl tor all Au~os~t stsnd in ~he Plsos of she Bsnk Mrsund~r snd • .
t 3:e atl the riphu M the Bank htreundeG (ii} to tnrufer the v+hole w srty ~srt ot t?~e Collutral into tM ~arrw o~'~tseli or iu nominN; (iW to voU the Collsteral; - :
;~~I to notify th~ Oblipon of any Colqt~rsl to rtyk~ payment ta.tfis 8ank af any ~mountt dw nr to bewrtr due iheroon; ~{v1 to dernsnd, sw tor, collect,p ~
k e any tornpromise or ~.n~.~.,r n a~~ de~~.sae w~m .ere..~;o. to dH eou.t..s~; ~„e ~v~J co tsk. ~oisess~«; o. co~c.d vt ,~y P.oc.ed. o+ eoa,cen~.
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_ • = = , _ ~ _ ~..MOTICE: SEE,OTHER SIDE FOR IMPORTANT INFORMATlON _ ' ~
EB5 752 Rev. 7;77 - - ' - - - • . ; - . ~ . . .
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