HomeMy WebLinkAbout0546 INSTALLMENT PROMISSORY NOTE
FIRST NATIONAL BANK OF FORT PIERCE iA) AmountR~ttiv~d = 15.000.00
oANK NAME (8I ~tnium to~ C~Wit '
~ . uh~a~r~ s 805. 97
Post Office Box 970 Fort Pierce, Florida tc~ oow~+c..rs~ : 23.85
oF ~ce AooaESS . (OI OcMr pw~s lian+u~! = noAe
~ ~ = none
NoTe No. owTeo: November 30 ,~s3~. 1R1 = none
~ (G) Amount Fin~ne~d
DUE: ~nyamhnx
~Q„~ . 198i. (A. S. C. D. E. R) 829. 82
~N~ i~a..~ = 5. 632. T8
Fnrt Pierce . FLORIDA ~t ~^~t'q~t'a^ = 30. 00
v~nCE:
= none
Fo. vilY~ r~CfiWd, tn. u~d..s~.d ln.~.~~a~. ea~wa ••tu~.k..•h io~nchr snd sw...~~y Iit ~K~ : none
mor~ lfun on~) prOmis~ to psl/ to th~ otdK of tht 8ank, ~t ia olfip lisud aboa, tM Toul
oi ~v~+.~~s.1~~o~+ lN1 at r~,~~ or ~21, 492_ 60 oaars wyba ~o ~V none
eq~ai nwn~h~y insta~~n~enn ot S 358__Z 1 ' , tM ts.st ~M) FINANCE CHAR~E 5, 662. T8
(H, 1, J. K. l) S
~nstaum~nt dw on p~, .19~_. ~+d wb~qwnt iraal~nwnp du~ on ~N) ToW of Payrr~a IG + Ml t 2 L 492. 6,Q
cn• 30 dsy of ~seh month tMnsftN. ~op~e~. wi~n ~ FiNA~ eA~~oON vAVMENT OF: ANNUAL PERCENTAGE RATE 1Z_ T6 %
S none ~uE liOIIe , t9
The 8ank shsll impoM ~ dtlinqulncy d~u~ aqsi~tt tM IN~lut qt sny p~Ym~nt whiM hss b~ton~ dw snd hmtins in d~hult tOr s pNiod in ~xp~t of 10
days m sn amount qusl to 5% of tM sewunt oi tM principsl pirt oi th~ payrtNnt in afault. In tM went 1Mt tM Not~ is not psid in full at enturity, NI pay-
men~:, wh~tl+er p~incipsl, inanst a otM.wis~, shsll b~a initrat at tM nwcimum ~p~~ ?at~ ~Ilow~d unda th~ laws of tM SaH of Florids. All paym~nts msde
hereu~r tha11 b~ cr~diUd first Lo iot~r~tt N+d tMn t0 printipN, howwa, in th~ ~va+t o1 d~fsult, tht Bsnk insy, in iq sol~ ditCntipn, apply ~ny p~ytnN~t ta
~neerest, pineipM snd/o? Iswful chsryes thN~ sec~u~d. It is tM intenpon oI th~ partia Mr~to tAst tM provisions Mnin shsll not provid~ dir~tNy o~ indir~etly
tor the psyme~t of a pr~at~r nt~ of inttrpt ot tM r~t~ntiOn ot sny oth~r chs~ge thsn is s1lov+wd by Isw. li, for sny rNSOn, int~t~st in ~xCeq pt ~ueh Ipd htt o~
a cnargt proh~bitld bY 1aw s~+a~l at any tirn~ b~ psid. ~Y s~+~ ~xoKS shNl ~ithN constitut~ snd b~ tnst~d ~s s psyment on th~ printipsl or bt r~fund~d ditrttly
to the MilcN. ~
the MskN msy p~psy tM tntir~ unpaid A~lane~ oi tht loan at sny tirr~. It the lo~n is pr~psid in tull, stctlersted or ?~finsnt~d, tM I1RakK ~IulLpniv~ i
re(und ot tltf un~urnd po?tion of tM int~?at snd inwrsne~ prMniums tortiputed by th~ Rul~ of 78's m~thod, ~xppt tA~t tf1! Bank s11N1 b~ Mtitl~d t0 rfqitl
a mmirttum iOtKlft Chi~9! Of ~
CREDIT LIFE AND CREDIT LIFE 8 ~ISABIIITY INSUF~ANCE ARE VOIUNTARY ANO NOT REQUIREO FOR CREDIT. Suth inatranqcowrsy~ is
ava~iab~e st th~ tost desiynated below iw tM tNm oi the uedit: Isl S 805_ 97 fw G~dit Life-tnsursr~ (bl S none
ta~ Cr~di~ Lift dt Dit~bility Intursnte: - . .
Check ~ G~dit Lif~ Inwrsnc~ is desired on tM liit of Palmira Salvat~no
~ Birthdst~ 7/28/ 18
8ox ? G~dit lit~ dt Disability Inwrand it dlsired on _
~ Birthdst~
? G~dit life and/w Disability Inwrsno~ is not desired.
I
oat~: Novembei 30. 1978 s~~t„n ~
Signacun •
As security fo? the psyrr~nt oi "tAe Note tt~e Msker herebyr g•s+?ts to the Bsnk a secwity interese in the Idlowirg poperty:
SECOND MORTGAGE ON REAL ESTATE- See over for legal description
including sll inCrMf~f, wbstitutiorK, nplauments, sdditions and aCCftsions thereto aed in tfit prOCeeds d~!?~OP (hereinafter qll~d "Colbtlrsl"~. This security
interest shall slso s~cun ~ny othe. ind~bt~d~ess a liability of tM MatcN to the 8aok di.ect or indinet, ab~olut~ a conti~pent, du~ or to b~com~ dw, now uc-
~ istirg or !?ersahN Misinp, intluding sll futur~ advanCa Or losnf by HN Bank to tA~ Maker.
I .
` TA~ 8ank it sho yiv~n s ti~n and s s~writy int~rest in sll P~~H and teCUritiK of tM Maker, ~ndona, wnri. 9w?sntor or soconar~odscioe~ p~rty of chis
~ Note (hKein~it~r r~f~rred to s~ tht "Obtgors"l, rww i~ o? st sny tirn~ Iw~att~r tominp into th~ tontrol, pistody or po~ssion of tM Bsnk, wl»tMr fOr tM ~x-
~ press~d purpo~ of b~i~p usrd by the Bank ss Coll~taal. or tor any otfNr purpos~, snd upon any bslsnn w bslanps to tfw endit of any aoeounb, indudiny
trust and s~ney setound nqinpirwd withtM 8arfk by sny of tht Obligon, ~nd tht Obligors spre~ to dNiva to tF~ B~nk addiGonal Colbt~nl o? nwlc~ sueh
pav~nn in nduction .ot tM p~incipal smount of ~th~ losn ss shsfl b~ sstishctory to tM 8ank, in t!k ~wnt th~ sforem~ntiawd Co1lst~rM ~hsll d~din~ in valw
or betprtl~ ullfiti3fiCtOry to tM Bsnk. _ _
Addicions to, r~ductiom o~ e:chanya of, or wbstieutions fa tM Co1ba?N, paym~nts on sxouot of ~his losn w inuesas of tM ~n», a othw lor~s n+~lt
putiai~y or wholly upon tla Collac~nl, m~y from tirm to time b~ m~ wichout iif~ccinq.tM prov"~sio~s of this Not~. Th~ Bsnk shstl ~x~rcist r~onaaN e~n in
che custody snd ~ps~rvscion ot tM Colbt~.N to th~ ~xtMt nquired by appticable statuce, ind shsll b~ dMrmd to have ~xsrcised ~on~ble nn if it tak~s wch
act~on rot thsc pu~pos~ as MskK ~Asll ns~on~Wy nqu~st ie rr.itinq, buc no omission to do sny stt not nquat~d by Msker shall b~ d~nrd s taaun to ~xMeis~
reawnsbb pn, and no omission to oomply with sny nquest of MskK ~l+Nt cf iudf b~ dNnNd a fsiluie to ~xacis~ r~s~onabb d~. Bank thNl not b~ bow~d to
take s~y rteps ~ry to praerv~ an1? riyhq in tM Collst~rsl apsinst prior pi?ties snd Maktr shall tsk~ sll n~oa~ary tteps for wch purpo~s. Th~ Bank or its
nom;ns~ ~d not coll~et innrest on, or a prine~l of, sny Colbt~rst or piw snY notia with ~et to it. -
Th~ 8snk may COntinw to hold sny Co1latNS1 d~posiqd Mt~undN ~ftK t1N paymM~t ot Mis Noq. if st tM Nme ot tM psyment snd disd~srg~ hw~of sny of 3
;he parties liabb for the psynwnt Mreof thall b~ tlNn dit~etly or continp~ntly IisbM to dN Bank ss Msker. ~ndo~sK, surety. 9ua?antor or ~oeommodstion psrty ~
ot any och~. nott, drsh, bill of ~xchsn~, w otlw instrurnent. w otl»rwis~. snd tM Bank m~y th~r~sher ~xaei~ all rghts with ~apeet to s~id Collattrsl
granted Mrtin w~n tho~qh this NoU tAsll b~vebNn w?rend~nd to tM M~kp:
I f tM 8ank de~rtq itfNf irK~tur~ or upon dN happ~niny of sny of tM followirg ~vents, tsCh of whieh thill Constitut~ a dtiault, sll li~bilitip of Neh Maker to
ct,e Bsnk, ir1ClYdi/g tM Mtit~ Ylfpiid qiflCipN M Mif NOt~ Mld KpY~d i~tfrpt. less sM? unwrn~d inar~st ~nd sny intar~tt in ~xqst of tM msx'wnum albwd
by law and sny rebat~s rpuitid by Iwn, sh~ll irtxmdiaUly or dNnsftK. st tM option of tM Bank, ~xdpt thst tM oocurreno~ of le) or (d1 ~hall cM~N autanst- ~
~ K acultrstion:wid~aut notia or d~msnd, b~ooeNdw snd psysbh: ls) tlw fsilur~ of any ObIgO? to P~am aiW aWiy~tion, liability w dsim to tM 8snk, to psy ,
e,ierest M.eon within 10d~ys afta it is du~, or ii d~n is no dw dst~, dta ii is bitbd a od~wit~ r~qu~tnd or d~rt~snd~d, o? to piy'sny oMa liability whst-
~t soever to t1+t Bsek wMn dw: (b) t!~ dtath of any ind~idual Oblqor, tlwda~oludon of snY patrw~hiP Ob1qa a? th~ dissolution. n~~r o?oon~olid~twn with-
~ ~ut tM Bank's priw vKitL~n co~stnt of ~ny ewporat~ Oblgor, iC1 tM filinp oi ~ petition in br~kruptey or tM sdjuditation Of intolv~y or b~nkrupi~/ undK
~ any reorganizstion, s.nr~n~nt. ~pdjwtm~nf oi d~bt, di~olution, liquidation or similsr procMdinp undsr any F~d~rM or sqa sbtuq, by w ap~i~at any
~ Obi~gor; (d) sn ~pplieation fa tM appantm~nt of a noeiva (o?. or tM m~kirg of s yawrN a~iynment fo. da ben~tit of enditon by. sny Oblqa: tM antry
of judgrr~ent spsimt sny Oblipa: (ty tht iswirg of sny ~ttad~m~nt p~rni~l?n~nc. or tM filiny ot any li~n. apsiMt sny prop~rty of any Oblipor, (9) tM aki~g of
~ vossasion ot any wbstantial p~rt oi th~ propKty o~ sny Oblgor at tM iiutana
of sny oovernrrNnql autharity: (hl tM d~.minstion by dK Ba~c tfist a mst~i-
al a0wrs~ ehseg~ hss oeturr~d in t!N finsneiN ta~ditiow of ~ny Oblipor iran tM eonditiot~t ttt farth in th~ nw~t rapnt fin~?ciM ststNn~nt of weh Oblipor
ne.e~otw~ turnisMd co cM Bank, w irom d~ eondition ot ~ueA Oblgor a~ hK~tofor~ most no~nely d"adoMd to ttN Bsnk, a d?se ury rrarnnty, nps~nncion,
cercifian w sat~nt of soy Oblqa (w1?feMr oontaimd in d+a Not~ er rfot) pNisininp to or in oonn~etion with tAis Noa o? tM lor+ ~vidu~aQ by tl~s Non =
concs~ra an unmw st~t~t of nrteriN fset or ania to sat~ mst~iat taet n~c~tarY in o.d~? to nrk~ the tnt~n»nts msd~ not n~lwdin~; or. tM asipn- ;
mer?t by sny N4kN ot ~n11 ~O~+~tY s~Y Of tM CotlamN withOi~c tIN O~ior vwittte eotwe~t ot tM 8ank.
TT~~ Baek ~Asll hM, but fhsll not b~ limiad to, th~ tollowirg rghts, Meh ol whid~ ms~? b~ ~x~rei~d at any tinM wMtMr o? not fhis Not~ ia dw: fil to
p+eOgt a tnraf!? thb Not~ and tM Co11atNM ~nd tM Bsnk ~INII d+KwPO~ b~ rNi~~r~d of ~II duW~ and nipomibilitin Mnundtr ~nd rNNMd hWn sn~? and MI
~iability wit11 t~sp~et t0 ~ny Co1latNS1 so pqd~d O? c/ansiMt~d. and aely pl~dy~~ 01 bar~f~rM ~hall fOr a11 Purpo~s ttsnd in tM pla0~ Of t!y 9ink hMwedor ind
~ hsv~ sll th~ ?iyhts of tM 8~nk hetwndK: (ii) to tnnsfK th~ vMwM o~ sny p~rt of tM Co11stNM into tM nanr of iwlf o~ iq notnie~: (iu) to wt! th~ Co1latKal: -
Iryl eo notify tM Obliyon ot ~+Y Co1wtNN to nrk~ wvnNnt to th~ Bs~c ot sn1? sn+oums du~ w to b~oon» du~ tMnon: (v) to d~nNrd. w ter, ooll~et. w f~
msk• sny oon+v~on+iM a ra1~nM+e ft d~nM d~sirabN wi~h rN~.~+a to dM Co~4an1: ~nd ivi) to L~ poa~nion f~nf? Pra~ of Colt~a.sl. `
~ _ _ - . a6LOK ~ PACE ~ ~~6 ~ ~ ~
~ NOTICE: SEE OTHER SIOE FOR IMPORTAHT INFORMATION
- - - - - - - ~
- - _ _ _
- ~ R- - _ . _ _ ti _ _
.
3
_ .
.
. ~~1