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Home My WebLink About0048 INSTALLMENT PROMISSORY NOTE . SR~1 (A) Amount Rece~ved s 1~1 f ~Gn. QO Jans~n Liesch Eitnk BANK NAME (8) Pnmium lor C~edit Lff~lpissbility Ins. S_ 193A-L:omc~wscial `~f ~n~ac.h,...El 3'+dS~ (C) Dotumfntsry Stampt s OF E ADD (0) Otha Cha~p~t (itfm~s~) S ~e? s NOTE NO. OATEO: UcCOber 2~7. , 19~~}, ~F) S (G) Amount Finanted ~ 6 ~Z4• 5O OUE: HQVFS~11~eY l+ ,~g~f"~' , IA, B, C, D, E, F1 S ~ IHI Inta~tt ~ S • ' PLACE• .lailiOR ~iCh . FLORIDA (1) Cr~dit Inv~ttipation = (J) OtM. S Fo. value r~caved, th~ unde~si9r?ed (M~~inat~~~ pll~d "Maktr") iointly and sev~r~lly (if (K) S mor~ than on~) D~omis~ to psy to th~ ord~~ of tM B~nk, at ia oif~ lisad above, th~ Totai IL1 S ot Paym~nt:ltrom INI at riyhtl o~ :71i-?~e:-4A Dollsrs payable in ~„ZQ_ eyua~ month~y instanmenis ot S'~? A_37 , tn~ t~nt ~M~ FINANCE CHARGE 9~~~~r~ ~H, K, u a ~nstallment due on ~ , 19_.~, snd wbsequent inswllment: dw o~ (N) Toal ot Paym~nts (G + M) 5~~~'~- ~he1;;;Ldsy ot eaCh month tiitrealte?, togetMr with s FIN~?~ BA~~OON PAYMENT OF: ANNUAL PERCENTAGE RATE • % S NnnQ OUE 19 The 8a~k shall impose a delinquency charge aysinst tM Mska oo eny psyment whieh Ass bscoirn dw and remsins in defsult to? a ptriod i~ excas of 10 days in a~ amount equal to 596 0l the amount of the principal psrt of tM payment in default. In the w~~t that the Note is not paid in tull at msturity, stl pay ments, whether principal, interest or othe~rvise, shsll bear interest at the rt?azimum lepal rate allowed under the laws of the State of Florida. All payments made hereunde? shall be credited first to interest and then to printipal, however, in the event o~ default, the Bank may, i~ its sola discretion, apply any payment to ~nterest, princtpal and/w lawtul charget then accrued. It is tM intention ot the parties herato that the provisions herein shall not provide direttly o~ indirectly to~ the payment of a grNter rate of interest or tF~e retention of any other ch~rgs than is sllowed by law. i(,.tor sny reaton, interest i~ excess ot wch legal rate or a c+?arge proh~bited by law :hall at any time be psid, any such excess shall either co~stitute and be treated ss a paymcnt o~ ~he principat or be refurxied directly tc~ the N18ker. . The Maker may prepay the enure unpaid balance ot the toan at any time. If ths loan is p.epaid i~ tull, accelerated or reiinanced, the Maker shall receive a ~efund o( the unearned portion oMi the interest and inwrance prem~ums computed by the Rule of 78's method, except that the 8ank shall be ent~ded to retain m~mfT?um interlSt th3rge o( .~.W. ' ~ . CREOIT LIFE AND CREDIT LIFE & DISA8ILITY INSURANCE ARE VO~UNTARY AND NOT RE~UIRED FOR CREDIT. $uch ~nsurante toveraga is .,vadable at the cost desigoated below for the term of the credn: (a) S ~or Credit Lite Inwrance (b) S }or Credit L~le di O~sabiluy Inwrance: Check ? Credit Life Inwrance is des~red o~ the life of Appl. Birthdate Box ? Credrt L~f! di Difebdity Insurance i1 detirld on . Birthdate ~ Credit Lite and/or Disabiliry inwrante K not desired. f i. od~e~ ~ctnhc~r `~7~ 197~ Signawre '~•illia;. ? . . ~~na~' eI Signature As security fw the payment oi the Note the Maker hereby grants to t1x Bank a secur~ty interest in the tollow~ng prope?ty: L4t ~~9E ~f ~v~l;T!:,:c ~J? r,? ij~~~.~,:: ~:i'....~, I::;;., as deacribed in aaid n?ortaaqet 1970 Kountry- ~ire ~i ID~23557~ ~ncludirg all intreaset, wbstitut~ons, replatements, additions and ecteu~ons thereto and in the proceeds tAereof Ihereinatter cal!ed "Cpllateral"1. ThK security ~n[erest sha11 also secure any other indebtedneu or I~ability ot the Maker to the Bank d~rett or indirect, absolute oc contingent, due a to betome due, now ez- i ~se~~g or hereatter arising, including all futu.e advances w Ioa~s by ~t~e 8ank to tha Maker. 4 The Bank is also given a lien and a securiry interest in all properry and securities of the Maker, endorser, wrety, guarantor or accommodatan parry o( this ~ Note (hereinaiter referred to as the "Obligors"l, ~ow in o? at any time he~eafter coming i~to the control, custody or pouess~on of the Bank, whether fo. the ex- pressed purpose ot being used by the Bank as CoUsteral, w(or aMr.other purpose, and upon aMr balance or balances to the aedit of any accounts, i~cluding ~ r~ust a~d agency acCOUnts mainta~ned withthe Bank by aMr of the Obligors, arxi the Obligon agree to deliver to the Bank additional Collateral w make suth n~vrne~ts in rsduction of the principal amount of the loan as shall be sausfactory to the Bank, in the event the a~orementioned Coltateral shall decline in value or become unsatistactory to the Bank. ~ Additions to, reductio~s or exchanges ot, w substitutions tor the Collateral, payments on account ot this loan or ~ncreases of the same, or other loans made ~ part~ally or wholly upon the Collateral, may from time to time be made without atfecting the provisions of this Note. The Bankshall exerc~se reasonable ca~e in ~ ~he custody and preservation of the Collateral to the extent required by applicable siatute, and shall be deemed to have exercised reasonable wre if it takes such ~ ac?ion fw that purpose as Maker shall reasonably request in writir?g, but no omissio~ to do any act not requested by Maker thall be deemed a(eilure to ezercise ~easonable.cara, and no omiuio~ to comply with any request of Maker~ shall of itse~f be deemed a failure to exercise reasonable care. Bank shall not be bound to ~ t~ke any steps necessary to preserve any rights in the Collateral against prlor parties and Msker shall lake all necessary stept (or wch purposes. The Bank or its nominee need not tollect interest o~, or a principsl ot, any Collateral or give any notice with respect to it. ~ The Ba~k may continue to hold any Collateral deposited hereunder a(te~ the payrtient of th~s Note, if at the time oi the payment and discharge he~eof a~y of g the parties I~able tor the payment hereof thall be then direCtly or conti~gently IiaWe to the Bank as M2ker, endorter, surety, guarantw or accommodation party ~ ot any oiher note, chait, b~ll of exchanpe, or othe~ instrument, w othe~vise, and the Bank may thereafter exerc~se aU rights with respect to said Collateral i g~anted herein even ihough ~his Note shall have been sur~eodered to the Make~. ~ 11 the Bank deems ~tself insecure or upon the happe~ing of any of the following events, each ol which shall tonstitute a default, all liab~lities of eacA !Ulaker to ~ tne Bank, intluding.the entire unpaid principal of this Note and atcrued interest, less any unearned interest and any interest in excess ot the max~mum allowed $ by law and any rebates required by law, shall immediatNy or theresfter, at the option ol the Bank, except that the occurrence ot (c) w(d) shall cause automat- s ~c acceleration;wi[houf notice wdemand, bscomed~e and payabte: la) the failure oi any Obligor to pertorm any obligation, liability or claim to the Bank, to pay ; ~nterest hereon within ~OdOys a~ter it is due, or if there is~no due date, after it is billed or othe.wist r.equested or demanded, w to pay any other Iiability what- ~ soever to the Bank wAen due; (b) the death of any individual Obligw, the dissolution o( any partnership Obligw or the d~ssolution, merger or oonsolidation w~th- ~ r;u~ the Bank's p.ior w.itten consent ot any corporate Obligor; (c) the filing ot a petition in ba~kruptcy or the adjudiwtion of insolvency or bank~uptcy under ~ any reorganization, arrangefinent, readjustment of debt, ditsolution, liqudation a simitar proteeding under any Federal or state statute, by or against any Obl~gor; (d) an application iw the appointment o~ a receive~ for, p the making of a general auignment tw the benetit of creditas by, any Obl~por, le) the entry ; ot judgrnent against any Obligor; t~?e iswing of sny attschment o~ garnishment, or the filing o1 any lien, against any property of any Obligor; (g) the taking of ; possession oi any wbstantial part oi the property ot any Obliyw at the iiutsnce ot any gowrnmental authority; (h) the determination by the Ba~k that a materi- f ' al adverse change has oxurred in th!(TEr~ncisl conditi ~f ~i~r Oblipor irom t~?e corditions sat forth in the most recent financial statement oi wch Obligor ~ heretofore turnished to the Bank, or tfie conditio~~ ~df O~tljyor ss heretofwe most recantly disdosed to the Bank, or that any warranty, representation, ~ cersiticate or statement of any Obligor (whether contained in this Note or not) pertaining to a in co~nectio~ with this Note or the loan ev~derked by this Note ~ contains a~ untrue statemsnt of material (act w omits to stat~ material isct neceuary in wder to make the statements made not misleading; a, (i) the assign- ~ me~t by any Maker ot any equity in any ot che Collatenl witAout the prior written consent of the Bank. i The Bank shall have, but shall not be limited to, the followiny rights, each of which may be exerc~sed at any time wFiether or not this Note is due: (i) to f ~ pledge or transfer this Note and the Collateral and tAe Baok shall thereupon be reliev~f oi all dutits and responsibil~t~es hereunder and relieved (rom a~y and all ~ ~~ab~lity with respact to any Collateral so pled w trsnsterred, and sn pl~dgee or tran:feree shell for aU ~ ged Y purposes sta~d in the place of the Bank hereunder and ~ have aIl the riphfs of the Bank hereunder; (ii) to transfK the whok w any ps~t oi the Collatenl into the name of itself or its nominee; (iii) to vote the Collate~al; ~ f~v) to notity the Obl~gors o~ any Collateral co make payment to the Bank of a~y amounts due o~ to bcome due thereon; fv) to demand, we for, coltect, or make a~y compromise w settlement it deems desirabls with reference to the Collsteral; a~d (vi) to take posseuion w control of any prooecds of Collateral. • i . : . i ~ - NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION gQO~2y~ PACE =V ~ - F BS 752 Rev. 7/77 f ~ . . - ~r ; - _ I s ~ ~ ~ 't"". ~ ~ ~ ~i , S ^:`!.-~4 ~ ~v, ~ ,w .x y,'~T~ si +?~t ~ ~