The URL can be used to link to this page

Home My WebLink About0084 . 4 INSTALLMENT PROMISSORY NOTE . ~ ! ~ ~ ~ . sxu : ~ _ ~Sy,~ .+r1~~• , tal amoun~ R.c•~v.d t 6~ 1:iFi__;~~ ~ •~.t~'~_ J~L..\ BANK NAME 18) P~amium lor GM~t Lit~/pissbilitY Ins. S 1Lf1.~31 ~ 1939 Coaaaercisl 8t., Jeneai Beach, FL 33457 ~c1 ooc~m.ou~r s~a~ s- ^•S OFFICE AODRE$5 loi dn~iCK~~~.m~:•1 t 176.45. ~ fe1 Zntint~ LY = ~.21 NOTE NO. OATED: (~crr~}:t>_r Ll ~ , 191:i. (FQlC_ ~ni~t_ Title = i (G) Amount Financ~d IA~. DUE: Hnvpr~}aNr 1~, ~ yg ~~L, (A, B. C. D, E, F) S~,~t~~_G~ ~ - ~Hl ~nu.at t 71~3.G8 PL ACE: _iE.~k,n R¦~ar„j~~ ~ . FLORIOA fl) Gedit tnv~stiyitioo s y,~~,p (!1 OtMr S ~GLt. For value r~ce~wd, the undersi9ned (Mr~inslt~r eslled "Msk~r") joi~tly and s~versliy (il more ~han w+~) prom~s~ to psy to the ordK ot tM Bank, ~t its olt~ Iist~d sbow, th~ Toui (K~ = iiQii~ „t Payme~ts (~rOm INI at ~i9hti ot S~„34 7_ U8 DoNus payable in ___3,~ S i~G~i ~y~uaf monthly inttatlmentt of s j~f~$.~~ , ~;,s~ lMl FINANCE CHARGE ~ (H, i, K, t1 s 743. 6S ~r,s~aHment due on ~ , 1~_, and wbssqutnt installrMnts dus on '~N) Totsl of Paymsnts tG + M) S~, 3w7 ~~8 ~ ine]~,~_day ot eacl+ month thereattN, tog~tMr with a FINAL BALIOON PAYMENT OF: ANNUAL PERCENTAGE RATE 10. Q y(, j g -i+6r+~ OUE - - , 19---- The Bank shall ~mpose s delinqu~ncy thargt sqa~Mt th~ IN~k~r o~ sey payment wh~ch hss betOm~ Aue snd remsins in default for a pNiOd in exqst ol 1O ~i~vs ~n an amount equal to 57fi of the amount of tAe pr~ncipal psrt of tht payment in detault. In the eve~t that the Note is ~ot paid in tutl at maturity, all pay inenti, whethei principal, interest or otherwiu, shall b~ar inter~st at the maxFmum lagsl rate allowed undsr tM laws ol the State oi florida. All paymentt msde r,e~eunUer aAall be credited lirst to intere~t snd then to printipal, hOwever, ~n the ovent of dsfsult, the 88nk msy, in its sol~ discretion, apply a~y psyment to nterest, pnnc~psl and/or lawful charges then ataued. It is tM intention of the parties her~to thst tht provisions herein shall npt provide direetty or indirlCdy ~he payme~t of s g.eate. rata o( interest or ~he retention o/ a~y other ~Aarpe than is allowed by Isw. If, for any reason, interest in excsu ol wch tegel rste o. charge prohibited by law shall st any time be peid, any such extess shall eitha constitute s~d be treated ss s payment on the printipal'w bs refunded direCtly ~n ~he Maker. The Maker may prepay the ent~re unpa~d Galance ot the loan at any t~me, if tf?e loan is prepaid in (ull, aculerated or re~ireanced, the Make? shal! ?ece~ve a ~~`und o1 the unean?er! ponion of tbe in~erest and ~nwrance premiums computed by ihe Rule of 7$'s rtxthod, excep~ lhat the Bank shall be emitled to reiam ; -n~n~mum interest charge oi 55.00. - CREOIT LIFE AND CREDIT LIfE d~ DISABIIITY INSURANCE ARE VOIUNTARY AND NOT RE~UIHEO FOR CREDIT $uch insurance coverage is ~:-,~iable at the cost det~gnated below 1or the term o~ the credlt: (a) S 12 3~ for Credit Life Inwrance Ib) S 17b.45 Credit lite d+ O~sebd~ty Insurance: Cneck n Gedit Lite Insurance is desnecl on tt?e tile ot { n,,pi. Bi~thdate ~ ~~•x ~ Gedh L~te de Disabihtv Inwrance n des~red on ' Rgl~h CpllmBII eirthdate 10~1.~~25 ~J C~edit lHe andlor Oisab~bty Inwrance is no~ desirid. , . nr~re e~ctc~i.er ?7~ 197t. S~gnature _3 . . _ - ~ i:alp:~,: Colc_:~an S~gnature As security ~o+ the paymeni ot ehe Nou the Maker hereby grao~s to the Bank a security ~nter~t in the tollow~ng properly: I•St I 77^ ~~-.i~t inr TT ~ ir th~i ~.~rtntn Cc~ndnmint~~pR~ A~ R SFenoTC AV •~p7I~A~~_ a- satd-nort$aga. «~clud~ng al! ~ncreases, wbstitut~ons, replacements, additiom and actessions tAereto and in the p.ocaeds thereot (here~nafter wlled "Collateral'7. This cecunty ,r,terest shsll also secure any other indebtedneu w liabilicy ot the Maker to the Bank dlrect or ind~rect, absoluce or contingent, due a to become due, now ex- ~se~ng or hweatter a~is~ng, ~~?clud~ng all future advances or toans by the Bank to the Maker. The Bank is also given a lien and a seturity interest in ali proptrty and seturiries ot the Maka?, endorser, wrety, gua?antor or atcommodstion party ot this tr'ote (here~natter refsrred to as the "Obl~gors"?, now in o? at any time hereatter coming into the contrd, custody or possession oi the Bank, whethe? (w tAe ex- p~essed purpos~ o~ being used by the 8ank as CollaterM, w for any other purpose, and upon any balance o~ balances to the uedrt of any axounts, inCfuding ~~ust and agency attounts maintainsd tiviththe Bank by arty of the Obligors, and ths Obligprs agree to deliver to tha Bank additional Colfateral or make wch j~aYrc~ents in reduct~on ot the principal amount oi the loan as shall be sat~:factory to the Bank, in the event the aforement~oned Collateral shalt dacli~e in value u• t,ecome unsatislactoiy to the Bank. Add~tions to, reductions w exchanges of, or wbstitut~ons (w the Colla[ersl, payments on account ot this toan or inereases o~ the same, or otAer loans made parhally w wholly upon the Co!lateral, may fiom ~ime to time be made w~[hout slfec~i~g the O~a+~sions ot this Note. The Bankshall exerc~se reasonable care in rne custody and preservation of the Coflaterat to the extent requ~red bv spplicable statute, and shall be deemed to have exercised.rwsonable care it it takts wch ~c~~on tw that purpose as Maker thall reasonabfy request in wnt~ny, but no om~ssion to do any act not requestad by Maker shal! be deemec! a tai~ure to exercise ~easonable ca.e, and no om~u~on to comply Mnth any requat ot Maker shall of itseli be deemed a failure to exerc~se reasonable wre. Bank shall not be bound to r,,ke any steps necassary to preserve any n~ts in tM Collatcral aqainst pria par~~cs and Maker shalf take all necessary ueps ta such purposes. The Bank or its nom~nes nsed not Collect intereri on, or a p~incips! of, any Collateral or give any notice with respect to it. The Bank may continue to hold any Cotlaterat deposited hereunder after the payrt~ent o~ this No1e, i( at ihe time oi the payment and dischsrge hereof any oi the parties I~able tor the payment he.eof shall be the~ direcUy or contingently liabls to the Ba~k as Maker, endorser, wrety, guarantor or accommodat~on parry of any othe? note, d~ait, b~ll ot exchange, or other matrument, or oth~rwise, and the 8ank may the~eaiter exercise all rights wrth respect to said Collaterai y~an~ed herein ever? though this Note shaN haue be~n wr.a~dered co the Make.. it the 8ank deems itself ~nsecure or upon tAe happtnirq ol any ot the fotlowing events, esch oi whi~h shall corntituie a defwlt, all liabilities of each Maker to ine Bank, ~~nclud~ng the enlire uopaid principal oi this Note and accrued intereat, less any unearned interest and any intereft io exceu of the maxlmum allowed ~,v law and any rebates required by law, shall imrnediately or thereatter, at the option oi tht Ba~k, except that the occurrence oi (c1 or fdl sfwll cause automat• acceteranon; without notrce w demar+d, becomedue and payable: (al tMe failure of any Obligor to perfo~m any obligation, liability or ctaim to the Bank, to pay ~nterest hereon within 10days atter it is due, or if there ~s no due date, aiter it is billed or otherwise requested or dema~ded, or to pay any o~her I~abili~y what- s~WVer to the Bank when due; (b) the death of any i~dividusl Obligw, the diuolutio~ of any p~rtr?ership ~igor or tAe d~ssolution, merger o~ opnfptidat~on with- r.ut rhe Bank's pnw written conse~t of sny corporate Obligor; (c) th~ filing oi a petition in b~nkrtqtCy or the adjuditstion oi insolvency or bankruptty unde~ ,~ny rewganiration, s?rarypment, readjustment of debt, disselution, liquidation p s~milsr prpceeding under any Federal o~ state statute, by or ayainst any Ot,iigor; (d) an applicat~on for tM sppointment oi a r~osiNr for, or th~ rt~skinQ of s p~nersl auipnm~nt iw ths benetit of c~sditas by, any OWi9w; Is) the entry r,f ~udgment aysi~ut ar~y Obliyor: (q ths nwing of sny attschrtient a yarnishment, o? the filing ot any lien, ayainst any property oi any Obl~gor: (p) ihs tak~ng o/ possession of eny substamlal psrt o1 the Droperty oi any Obliyw at the insance oi any govtrnmsntal authority; Ih) tht determination by the Baok that e mate.i- al advlry~ ~?Ifl! ??sf OGCUrrld ifl the 1ifWnCN1 COffditlOff Of 8ffy QWjqqr /Ipfr1 thB CO~IdltlOflf f!t /Oftlt ifl t11a RIOtt recsnt tinancial ~ta+ement ot wch Obligor heretotore furnisAed t0 the Bank, or from the condition of sud~ Obligor as heretOfo~e most retlntly disdosed to the Bank, or that any warranty, representation, • r_ertlt~cate o. s~atement of any Obliyor (whether containad i~ this Note or ~ot1 pertaininy to or io conneetion with this Note a the loa~ evide~ced by this Note r,ontains an untrus ttatement oi msterial (act or omits to stat~ msttrisl faCt natessary in order to mske ifie sWtements mads not mislesdirp; or, ~il the ass~gn- ment by any Mske~ of any equity in any of tM Collstenl without tM prior writtsn consent ot the Bsnk. Tha Bank shall have, but shall not be limit~d to, tM follow+np rqhts, each of wfiich may bs exsrcised at a~y time whether or not this Note is due: (i) to pieclgt o~ trsmfe? this Nota snd th~ Colla[erd and th~ Bsnk thall tiNrtupon be reliewd of sll duties and rasponsibilit~ss M.euncft? and rel~eved trom any and aH t~ability with retp~Ct tqaAy Co1latMdt~fo pledpeQ q bansJN?~d, snd sny pl~dpee or transiere~ sAatl tor sll purp~ses s[a~d in the place oi tMe Bank nerwnde~ and have all tha riyhts ~I Bsnk FNwun~e~; l~i~ to4reotf~r tM whok or any pert o~ the Collataral into tM nsme ot icself or its nom~nee; (ii~) to vots tM Collateral; (rvl to ratity the dtfl~ors of a~/Co{ISCe~~{o~ paym~~t to che Bank o( any smounn du~ w to becoma due ~hereon; fr) eo drmand, we for, co!lect, o~ make sny compromife d feftlsment if deems d~sirsbls with rsterencs to ths Collateral; and (vi) to take posseuion or control of a~y proceads of Collate~al. . NOTtCE: SEE OTHER SIDE FOR IMPORTANT INFOHMATION ' • d~~7 ~ ~ ~ BS 752 Rev 7I77 • ~ r ~ k ~ 5-~-F ~ ~~~e~~`.~"°~ ~y.. ~~r ~ . _ 5.~.<~