HomeMy WebLinkAbout0455 INS 1 ALLMtN i PHUMItiSUMY NV 1 t • .
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JENSEN BEACH BANK !nl AR+o~~~ aK•~wed S 8.40Q•QQ_~
',I - gANK NAME - - (B) ~~im/D
~~i~lv ~:t ' ~ 422 . 39_
~ Jensen Beach; FL 33457 ICI o«~men~arv Sur~ws t•~ 13. 35 _
1939 Co~anercial St., none ~
i OFFICE AODRESS _ ~ ' (p) p~Aer Chsrqfs (item~z~) S ' '
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~~OTE NO. _ - ~ATeo:~ October 13. } , is_.Z.$.~.~~•- •'IF1--. . . ` . . t . none ~
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I • . _ _ • , - , " __:~~i ' . - ~IG~_ Amount Fi~snced _ ~ ~ S~H3S.~74 • - _ ~
,,uE ----October , 19$~_:- ~ • IA_B; C. p f.~Fl ~S
- . _ . . - ' - - _ - (Hl~loteresti, - ' = 2~428.06 - _ -
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- Jensen Beach. ' - - ~ ~ ~ ~ - , F~ORIOA`-~ - l~~ ~ c~ed~i i~„esi~yet~on • - ~ S ~
~'l ACE . . - ~ . - '
. . ~ . - . ._,.il`~o~ne~= - - --Z none
For value rece~ved, the undersigned (hereinsfier called "Makrr") joiMly a~d severslly.~~t' _ •nOne "
~ r,:,~~ ihan une) prom~se~to pay to the order ot the Bank, at itt oifice I~sted above, the Totst : •~1K1 • - _ ''S ~
~,~F.,yrnentsllromlNlainghtlol ~1~26~.$0~ '.•'--Doi~a.ipayab~ein ~n ILi'~.-•.'~.- . '~_~.5..- none .
~,~~aimonthly~ns+a~ImemsotS 787_73 - ' - - ~,thelirst IM! FINANCECHARGE~.~•~-' 2~428.Ofi •
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( ~~,siru~„e~t d~e o~ _1`~YeIDber 21~ 19~. snd subsequem instaUments due oo (NI Total ol Paymenu (G + M) S ~ 1~26~ _ 80
~ cr~~~l_day of each moneh thereafter, toget!?er with a FINAL BALLOON PAYMENT OF:
I _ _ . . ANNUAL PERCENTAGE RATE i n n
i S_ NONE OUE .~9 ~
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I Tne Bank shall impou a delinquency charye agamit the Maker~on any payment wh~ch has~becom~ due and iemaini in default tor a period in rxcess ot lO
da~•s ~n an amount equal to 5% of the amount af the principal part ot the payrn~nt in defaulL In the eve~t tAae ~he Note ~s not paid in full at maturity, all pay•
r, e~~ts, whe~he~ princ~pat, ~n~erest or o~Aerw~se, iha11 bear inter~st at the maximum legat ra~e allowed under the tawc o1 ihe Sb~e o1 Flwida. All payments msd~
I~ n~ : eunder ihall be credited lirst lo interest and then lo pnncipal, however, in the eveM bi default, the Bank may,
±n its sole d~xretion, apply any paymenf to '
~ .~,ce+es~, pr~napal and/w lawtu~ charges then xcrued. It i5 11?e intention.of the part~es AeietO•that thtp~O4isionsT~ereiq shall nOtp?ovide diitCtly or indirettly
~~I the pay~*?ent ot a greater rate o~ ioterest or the .etention of any other charge than is ellowed by lavi~. ll, lor any roason, inteiest in eaceu ot such legal rate or
cna~ge prohibited by law shall at any timebe psid, any such.cxcess shall e~~he~ conscitute snd be ueaied as a payrt?!nt on the principal or be retunded directly .
t~ the Maker. - - i. ' - . ' - _ • , i;l _ - - _ _ _ - ' -
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The Maket rtWy prepa~ the entire unpa~d balance ot.the loan at any teme. I( the loan is prepaid m(utl, accek~ated w retinanced, lhe Maker sha~l receive
~-~und ot the unearned portion ot the interest and insuronce premiums computed by the Rule oi 78's method, except that the Sank shall be entitled to ~etsin.
~ ~.~n~mum interest charpe of $S.OU. ' _ _ ' . • _ _ _ . - - - - -
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CHEOIT LIFE AND CREDIT LIFE & OISABILITY INSUflANCE ARE VOLUNTARY ANO N07 REQUtRED FOR CREDIT. Such insura~ce coverage is
,,.,:~iahte at the cost designated below for the term of the c~edit: la1 S-~' 422-39 =-'~or Credit "l~fe ~~surai~ce Ibl S ~
, C~edh L~fe de D~sabil~tY Insurance: . - ~ - ~ ~ - . - . ,1 = - - -
! Ch~ck ~ Citdit Life Inswance is des~?ed on the life of ' DO~dE'~.1 Cr063 ' -
~.;,c,t _ - . ~ . _ _ , _ - - - ~ - B~nf?dau ~ 9/8/24 - ~
~ x ? Credit LHe & Diub~4ty'Insurante is desi~ed on - - _ ~ - - . _ ;
- - - - - . . - - . g~rlhdat6 . . _ . _ . _
~ Gedit Life andlor'U~sability Inwrance is not desired. • - . - - - - - - - . . _
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~:.:.P _ October 1~~.'~19~8_ . '.:S~g~aw~e . X ~ /J/9~'~ ,
- - - - -r powe1l.~Cross - - _ -
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. - _ . . _ ~ _~ignaturc - . . _ . -
As secur~~y ior the payment oi the Note the Maker hereby gnnti to;iKe Ba~k e secur'~ty interest iRtht tollowiny propertY: ' - '
1.Q.C_lt36, . _ - - - - • - - • - - - • - - " •
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~'url~ng alt ~~creascs, subst~tuhons, replacements, add~tioos and acceuioni ihereto~and in the proceedc thereof (hereinafter called.°Co~lateral°I. This ucu?ity -
~r~es~ shall also secure a~y other mdebtedness o~ liabihry of the Msker- to the Bank direct or mdnect, absoluteor eo~tingen ~ due or .tobecome due,"now ex-
~stmy o~ hereafter a~is~ng, includ~ng all future advances or loans by tbe BaRk~to the Maker_'_ ` - a,.-- .
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The Bank is also given a tieo and a securrty ~nterost in all property and stcunties~of the Malcer, er?~ors~r,wraty, guarantw or acCOmmodation party ot tMs
rv:;~e (hereinaher refer~ed to as the "Obhgors"'), now in or at any t~me Aereafter com~ng into the tontrol,.custody or possess~on o1 the Bank, wfiether lor the ex-
~:-essed purpuse of tx~ng used by the Bank as Collateral, or (or any other purpose, and upon any balance or balsnces to the c~edit of any accou~ts, including
••~st and ayency accounts ma~mained withthe 8ank by any of the DbGgors, and the Obligors ag~ee fo deliverto the Bank additional Cotlateral o~ make wch
c,_,yments in reducUOn ot the pnncipe~ amount ot -the loan as shall be satisfa~tory 1o the Bank, in the evmt the a~orememioned Cotlateral shaU decline ~n value
, t,ecome u~satisiactory to the Bank. : ` . . _ - - - ~ - . - - - _
Add~uorx to, reductionc w excAanges ol, o~ wbsutut~ons (or .ihe Coltateral, payments o~ account of this loan or ~ncreaset o~ the same, or other loans made
~,-c~a!!y or wholty upon the Collateral, mayirnm time to time be made without at(ecting the provisions o~ this Nota The 8ank shall ezeruse reasonable ca~e in
ir~- custody and preurvation of tbe Coltatera~ to the exunt required by applicable statute, aod shal~ be deemM to have exerc~sed reasoneble wre if it wkes wch ~
~~on tor tAat puepose ss Maker shall reawnably request ~n writ~rfg, but no omission to do any ect not requested bY M~~r sha11 be deemed a failure to eaercise
~+sonable care, and no omisswn to tomp?y with aoy requat. of Maker shsll of itself be deemed e lailure io exercne reasonable wre. 8ank shall not be bound to
~ e any steps necessary to preserve any rqhts in Yhe Colleteral againtt prior parties and Maker shail Wke a11 necessary-iteps iw wtti purposes. The Bank or its
r-.c m:nee need not collect intereit on.vr s Drincipal o~, anr Collateql orpive any notice with respeet to it.. - -
S} ~ , ~ ..e~ • = T~y.~. ; T -_.,:r.~., . . . . . .
The Bank may continue to hotd eny_Colla~eral <feposited hereundei after tfie payrtmn[ of ~thii Note, ii_at,the t~me g~.the payment and d"~scharye hereoi any ot
~he pa~ties liable tor the payrrrnt hereot shalt be ihe~directly or m~tingently liable to the'Bsnk as Maker, enQoner,-wrety, gusrantor or accommodation pa.ty
.;t any other note, d~att, bill ot eicd~snge, or othr~-instrument, o! otha.wiu, and the Bsnk may`therea(ter exe.eae al~ Jights with respect to said Collateral
u • ~ n ~ed herdn even though this Note shal l have been turrendered to the Maker. ~ ; ' _ _ _ , , - ~ ? : ~ _ _ ~ i ~ _ " ~ I,
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1 t the Bank deems ~tsel( insecurA or upon ~he happe~ing ot any of the lollowing tvents, ea~ ot which ~ha11 constitute s defwit, all /iabilifies oi each Maker to _ ~
t ne Bank, i~clud~ng the enUre unpa~d pr~nupal of this Note and aocrued ioterest, less any unearn•d ~nterest and aqy interest_in excess of the maximum allowed
ny taw anA any rebates repu~~ed by ~a+N. sha11 imrned~ately or thereafter,~at the optior, of the 8snk, except tTut theoccurrenoe ot Icl or {d) shall cause automa~-. -
~c .~ccelerauon; without ootice or demand, beoomedue ind payable: /s) the failuie ot any ~bligor ~ope?form af?y obligation, liabiliry w da~m to the eaok *o v~? .
se.est hereon witfiin lOdays afta it ~s due, o~ it there is no due'tfate, af tet. it is billed or od?l~rir'?se requested nr demanded, o~ to psy anY other liability what•
sc~~ver to the Bank when due; (bt the death o! any individua! Obl~yor, the dissolution•of any. partnsrship Obiipor ~or lhe dissoluuor~, merQerw oonsotidat~on w~th- _
our the Bank'f prio~ m~ttsn tonsent oi any corporat~ Oblig[N; le1 tht fifing ot a petition in bankruptcy or tfie adjud?cation o( insolvency or bankruptcy u~der
<~ny rewgamrat~on, arrangement, resd~ustmeot of debt, dissolutwn, Ipuidation w simila? proceeding undt? arry Federal or state statute, by or sgai~st any_ _
~gor; idl an application !or the appo~~trnent ot a receiver ior, w the mak~ng o1 a generat auYg~ment iw Me benafit ot ueditors by, arryr Ob~igo?; (e) ths entry
o' ~udgment aqs~nst any Obt~go~; (1) the issuing oi sny sttachment or ga.nishment, or tAe flinp o~ a~y lien, agai~st any property ot sny Obliyo?; {p) the tsking of
u~;secs~on of a~y wbstantial part of the property oi any Obl~pw st the ~nstsnte of sny povernme~tal suthorily; (h) the determinstion trjr the Bank that r materi-
a! adve.se ~sn9e has occurred in ihe Jinancial condiiwn o~ anV Oblgor irom the conditions set torth in ihe most recent tinancial statement of wcJi Ob~iqw '
tr;e, etotore ~u?nished to th[ 8ank, or 1rom the tondition of suth Obliqor as heretofo~e most reoendy ~isdo~ed to rt+e Bank,.o. thst sny .vs~ranty, representatioR
ce-t~l~cste or statement of any Oblgor (whathe? co~ta~ned in tha Note or nod pertsinirig to or n oonnsctwn w~ttt thit Note orsh~ toan widenoed by tha Nou
c:~.~!a~ns an unvue statement of materul (xt a om~ts [o state msterial (sct necessary in order to make the statemenuinade not misleaduiy; or! (i1 the auign-
rnr ~t by any Maker oi any equi~y in any ot the Colfatera~ without the P~ior written ton:ent ot ihe Bank. " - . . -
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The Bank shalf have, but thall not be fim~ted to, ~he to~lonnnp ~ghts, eacfi of which msy be'exerc~sed st ~ny time whether w not this Noa is due: G) ~
,:~~-dqe or transfer th~s Note and the Collateral and the Bank shall thereupon be relieved o~ all duties and responsibilities haeunda ~nd relieved irom e~y and ell .
'.:~,h~~~ty with iespee! to any Cotlaters~ so pled9ed or transferred, and s~y D~~d9ee o~ tramteree shall 1or a~l purposes stand in lfie p~aoe of the Benk h~reunder ard
t.ave all the nyhts ot ~he Bank herevnder; lii) to trsmiN the whole or amr ps~t~f the Collatersl into the nsme o~ itstlf or its nominee; (iii) to vou the Co~~ateraf:
(~v) to notify the Oblkpon ot sny CoUateral to make psyme~rrt to the Bank of ~ny smounts due or to become due thereon; (v) to dsmsnd, w~ lor, collatt, w:
rr.ake sny :.ompromise a sectfoment it deerr?s dKirable w+tA.r~t~r~nce to tfit Collatersl: a~d (vi) to take possess~on o~ connol oJ sny procesd~ of Coliaterai.
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" " NOTICE: SEE OTHER SIDE.FOH IMPORTANT INFORMATION - 80a~~~"'~ 'I~ .
~E~S 752 Rw. ~/77 - . . . . _ • . .
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