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~ ~ INSTALLMENT PROMISSORY NOTE • .
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1/U Arnount R~c~iv~e s 1 S. OOO.OO `
\ OANK NAMt Isl P..nu~m ro~ cnd~e .
~ ui.~aaaiia ~m. s 375 _ OQ
~ Post Office Box 970 Fort Pierce Florlda ~c~ o«~+~+»~+u.v ac.mo• s 23 _ 10
FR~c nooa lol- ocM. Cnar~ I~~ana.l s none
- IEl : nene
NOTE NO. 26-0029-6 pATED: November 24. ,ye78 , ~fl = none
ta~ A'"°""t F~^"'a° 15, 398.10
puE: NOVet~bet Z4 IA, S, C, D. E. F1 t
(H) IntKpt i 5.~ 32 . 70
VIACE: FOI~L P~6rCe . FLORICA ~n c..an i~w.a~.cia+ s 30. 00
~ an« s none
Fo~ valu~ nc~iwd. th~ undKSyn~d (hK~irwftu qlNd "Mak~i') jointly and s~w~ally (it (Kl s lIORA
mo.~ chan on~l promis~ to wr co ~h~ wdK of eM 8~n1c. at ip ottio~ Iisad abov~. N+~ Toa1 (u = none
ot Psyrrrna Itran INl at.qh~) ot -~20 . 560 _ 8Q po~~s oay~bw ~n ~.Q,._
~a~~i rt,oocnh? ~~.t.~i~a o~ s~4~ • 68 t~ 11iA1 PINANCE CHAROE 5.14 _ 70
~p K. u : Z ,
~nsa~~mMC du~ on D@C . 24 ,19~si.. ~d wbs~ownt insq~~m~na dw a^ IN) Totsl ot Parnrnu (G + M) t~r O. S sO ~ SO
cne_Z4.dsy o~ tsc~ mo~nM thK~stur, co9.eti.? wid+ • Finu~~ en~~ooN PnYMe~T oF: ANNUAL PERCENTAGE RATE 12 - QZ %
s none _ oue none ~ , . ~s
The Bank sbsll impo~ a dNinqwncy dwq~ sp~i~ut ~M NIi1cK on seY WY~+~ dw ~nd nmsi~ in d~fsuh fa a pKiod i~ ~xoai of 10
days in an smounc pusl to 5% of th~ ~mount ot tM prineipal part of tM p~v~t in d~twl~. In eM wMe Mst ~cM Noa u not Wid in full at nyturity, aN paiy-
ments, wMtha principsl, intNac or otM~, tMll bNr int~r~st st tM maxinwm Is9a1 nt~ sllow~d uM~? tM Isw~ ot cM Sat~ of Fbrid~. All p~ymM~ri md~
nareund~r shall b~ uldit~d fi?st to int~tat ~nd thM to prietiPN. howwr?. in tM tvlnt of d~fault, th~ 8aek msy. in iq sol~ diuntiOn. ~pply anY pry~Mnt to
interKt, pincipsl and/or Iswful ehug~s tMn ~cuu~d. It is tM int~ntion of tht parti~s hento thst tM provisions Mnin sAslt not provid~ dinetty or iedk~ctfy
fo. th~ piyrr~+t ot a qrqter rst~ of intenst w tM ~tt~ntion of am? otM~ cASrg~ thsn is albw~d by law. If, fa any ~wson, int~nst ie exaw oi wcA IpM nb w.
a cAarg~ prOhibit~d by Isw flf~ll at s~y tirtN b! p~id. snv wd+ ~xoas s~sl~ titha consticut~ snd b~ trtand ss a psym~nt on M~ p~incipN a W rttuM~d dirKtl~?
to the Mak~r. .
The Msk~r msy p~pay th~ ~ntin u~psid Dsl~nq of tf+~ iosn st any tirtw. If the losn is p.epsid in tull, ~oo~Nnt~d a niin~~ad~ t1+~ Mslu? sAall,~~di~r~ a
ref und of th~ un~srMd pottion of tM i~t~rest snd inwr~nct prtmiums tomputed by the Ruq of )8's rn~thod, ~xppt Mat the Bsnk ~I b~ ~ntitNd to rtttin
a minimum int~r~st ehsrp~ of .
CREDIT IIFE ANO CREDIT IIfE ~ OISABILITY INSURANCE ARE VOLUNTARY AND NOT REQt11RE0 FOR CREOIT. SuCh irqursnq Cov~~sy~ is
a~a~tam~ at eost d~rwted w~ow to? tM t~rm o~ c~ a~d~t: ls1 S 375. 00 for 60 Mo~a ~.d;~ ~;f. tb~ s
fo~ c?~dit 4t~8 Disability Inw~snor 011 SZO, 000.00 -
Check ~ Gedit lit~ Irtwpnc~ is desir~d o~? tM lit~ of L%1'a1Q Ci Ma @WS
Appl. Birthdaq 3~19~4 6 _ ~
Box ? G~dit life 8 Dissbility I~wrant~ is des+nd on
- Binhd~c~ ' ~
? Cndit Life and/a ~isability Insuranp is not dtsired.
oate: November 24 , 1978 ~ Sg~atu?e ~--v ~
. siy~sture
~ P~~PMtY=
As s~curity for th~ paYm~nt of th~ Nott tM MakN hKeby grsnts to tM Bank s secwity i~te?est in the tollowi ~
~ nn/rn~~r ~~nfl.nnAr?i~ /'11?t DL~11T L'QTl?TC'. ~ See nvpr fnr lpeat d_PCr_rf=t~Af1 ---------~--~---~i
~7&~ nv~i ~~~~ic~i .-.r . ~
'i
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j irxludi~p all inCrqfes. st~stitutiOrq. replaCtm~nts. sdditiW?t snd ~oassionf thereto snd in the proCe~dt thlreof (hKeinatter pllld "COltiqrsM'1, Thit Niurity
f ~nterest shNl alto s~eun any other inde~tedn~q or liability of tM MNcer to the 8ank dinCt or iodirset, ab~olun or conciryent, dw or to b~com~ due, now tx-
~ ~scing or hKMh~t srisinp. intludirg all tutw~ sdv~nns o~ lo~ns by th~ 8ank to ihe Msker. ~
I TM Bsnk is also yi~ a lien and a seCUtity intK~st in sll ptapKty u~d stcurities of tM MakK, endws~., wrrtY. 9ursntor oc seoomnad~tion psrty d Mis
~ Nots (Mreinaher rtfen~d to ss tM "Oblgors'7. now in or ~t any tim~ hKqh~r ooming into tM Co~trol, custody w possasio~ of Ms 8ank, whttlfa fOr t!i! tx-
~ prlSfld pY~DW~ O~ bfifl~ Yl~d by tIM Bfflk a! COllitliil. OI fOf MY OthM PV~. afld YpOfl iny b~liflCf O~ b11~ t0 thf tndit Of ifly iOCOYflL~, IflCll~dtfla
trust and sy~neN ~ooounts m~int~irnd wiMth~ Bsnk by any of tM Oblipas, and th~ Oblgors spr~ to dNiv~r to tM Bank ~dditionsl Collat~l or mNc~ sud~
paymena in nductan oi th~ prine~psl smount of the loan as shNl b~ fstisfsetory to the 8ank. in tM ~t tM a(oram~~tiawd Co11~tKd ~MII d~linrie vdw
o~ becortr unsstisfsctory to th~ Bank. . " -
Additions to. nduccions w~xchsngn of, o? wbatitutions for tM Collsnnl. Pa1?nrna on aaouet of this Iwn or incns~es of tM wme. w otMr Io~+s mad~
p~rt~slly w nAally upw+ tM CollacKSl, mry from tim~ to tim~ b~ rtwde without atf~ctiny tht prwisions of this Not~. TM Bu~k sha~l ~u~rci~ n~onabM an in
che custody u~d pre~vation of th~ Co1lstKal to th~ txttnt rpuind by ~ppliabl~ nstuu, and shsll Et dNrtNd to hsv~ ~xKtis~d rp~onible pr~ if it takp wch
xcion fa that pu~po~ st IN~k~r ~1 nasonablY nquat in writi~g. but no anission to do anjl sct not npu~ad bY MslcM shall E~ d~m~d a is~un to tY~reir
.ea~onsM~ ur~. and no om~ssion to complY with an~? nquett of Mak~? ~hall oi itseli bt d~em~d s lsilun to ycacis rts~onsW~ dre. 8snk sAsll not bt bound to
take any steps Massary to pt~serv~ snl/ rights in tl~ Collsteal apai~qt prior partia ~nd Mska shall pk~ a11 Mpspry ttps fw wch purpas~t. TM Bsnk or its
nominw n«d not colbec inunsc o~. or s p~incipal of, sny Colbtast or qiw sny notic~ with ntWet to it.
Th~ Bsnk msy continw to hold ~ny ColbtKSl d~po~ited herwnda dm tM psym~nt of chis Noa, ii st th~ cirr~ of tM psymmt snd d'ad~xxg~ h~raof ~ny of
che Wnia liabM for tht psYmelt Iwrwf ~hsll b~ tMn dincth/ w oonti~gtntiy lisbl~ to tht B~nk ss Mskar. ~ndorss~. wr~ty. 9uarsntw or aooommodstan psrty
of any other rat~. drs(t. bill of ~xchany~, a otMr instrurmnt, or otlwwist, snd d~ Bsnk nrt? th~rNfa. ~xerca~ ~II riyha with re~p~et to ~aid Co1btlrsl
grantd ha~in ~rtn thouyF~ tha No~ sAall haM bNn wrr~~d tu dN M~ker.
Ii tM Bank d~ems iaNt in~ecun or upon tM hspp~~iny ot sny of da tollowinp ~n. encA of which shNl eonscitut~ s d~fault, all lisbilitia of pch Mslw to
tne Bank, includiny tM ~ntin unp~id printipsl ot Mis Non snd soc~u~d int~r~st, lefa any unp?n~d intK~st snd anY i~tNpt in ~xcaa of tM m~xirnwn dlwMd
by Isw and snY nbsm rpuind b1r Isw, ~hNl inrmdisWY or cMnata~. ~t dw oPtion of ~M 8anlc. ~xaPt tbs[ tM oocurnnp of (e) or (dl ~all csu~~ autaest-
~ accelastbn:vrithout notip ord~mand, b~eom~dw ~nd pryabN: (s) tM~tsilun of sny Oblipor to p~rfo~m anY oblip~tion, lisbility a daim to tM 6ank. to py
~ ~ncer~st hKwn within 10cbys sfta it is dw, or if tMn a no dw daa, afta it is bi11~d or odarwis rpu~snd w d~nw+d~d, a to pay ~ny othK iiabilit~r wMt-
scever to the Bank wMn dw: (b) t!a d~aeh oi a~w ~~dividuM Oblipa, tM di~oluYwn oi sny prtr~hip Obli9or a tM dis~olutipe. en~eg~r or oan~olid~tion witA-
oue ~h~ Bank's piw~ w?itan cons~nt of sny corpoqa Oblipor: le) tM fitirg of a p~titio~ in b~nknptey a tM sdjudicstion of inwlwncy a bsnkniptey undK
any reorqanization. sn~rMnt, tssdjwtm~nt of d~bt, disfolution. liquidation ot timilsr procNdinp undlr My Fsdusl or tpt~ statut~, by Or apsimR MMI
Obiigor; Id) an appliption for tM sppointm~nt M a npiv~ fa, Or tM m~kirg of a 9tn~ral aui9nm~nt tOr tM b~n~tit of enditOrt by, any Oblipor; (d the N~try
or iud~nMt spsie~st sny Oblipa: (fl Na iswieg of sny attaehnrnt a yNnishm~nt, or N+~ filin~ ot ury li~n, spsinst ~r?y propaty of sny Obtgor: th~ tdehg ot
~ passession of snt? substsntial pm of cM property ot am/ Obliga st tM i~sanot of any yowrnn»ntM sud+aity: (h) th~ detNmin~tion by tM B~nk tlnt a nntKi-
a! adv~rs~ d~ng~ has ootumd in tM fin~tial ap~ditioe~ of ~ny OblgOr irom tht oaditia~s ~tt forth in tM most neMt /inaneiM itat~nMnt of aueh ObliOo?
h~~~tofors furnisMd to tM 8ank, w iran tM conditioe of wrh Oblipor as Mntotort nw~t r~pntly di~dowd to tM Bank, o? thst sny vMrranty, r~pn~?~ion,
certific~t~ w~tsttm~nt of sny Obliyor (wh~thK oontain~d in thb Nou or nod O~+inin~ to w in oonn~ction with this Not~ w t!N lo~n ~vid~ne~d b1? tAis Not~
conains an ur~trw ststNnait of mataial taet a onuis w stsa rtrtKial faet ~1? ie adK to nrk~ th~ satenwna n+ad~ na nri~di~g; a. li~ tM a~si~n-
rrssnt b~l am? IM~Iw of ~nY puity in sny of tM Co14tKal without th~ Orwt woitt~n oort~nt of tM 8snk. • -
TM Bsnk fhslt 1~, but ~Attl not bs litnit~d tO.1M tollowi~q riphts, esch of wAieA nf~y b~ ~xKei~d at sny tin~ wNtthM or not this No~ it dw: lil to .
ptedg~ a trsmf~? tl~i~ No» and th~ Collsbnl and tM B~nk thNl d~~~~pon b~ rNi~~rd of ~11 dutia and n~poeaibititia Mqund~r and nli~~d hwn MM? and aN
Iiability with ?pD~et to Mfy Co1btM~1 f0 pqd~d Ot t?i~afM~d, and any pt~dpN ot asn~f~rM shall fOr all putpos~s ~tM~d in tM plaq of tM 8~nlt hMrwdK and ,
hsr~ all tM riqhts of tM Bank hN~undn: lii) to ua~nf~r tM whoN ot a~ry p~rt oi 1M Coll~twsl into eM n~ne of ittNf w its naninN: (iii) to vot~ tM ColbtKd;
1 ivi to notihl da Oblipors ot sny Co11~taN w n~k~ WYnwnt to tht BM1c o~ +nY an~a+nts dw or to brcon» dut tt~~on: Iv1 to dwnrd. ~ fo~, oo1Ne~ or .
meke ~eqr eon~wnis~ a attMmeet it dMn+t d~si~aW~ with nIK~ to tM Colbtvsl: ~nd (vi) to du Pow~rion or Qotltrol d~ popdt of Colbtad. ;
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NOTICE: SfeE OTHEli SIDE FON ?MPORTA(YT INFORMATION -
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