HomeMy WebLinkAbout0737 INSTALLMENT PROMISSORY NOTE ~
1~ ~ IA) Amount R~a~v~d t 15~ ~~Q• ~0
(~TACT NATIONAL BAI~K OF FORT PIERCE
~ 6ANK NAME (81 PrM~~um 1a Cr~dit 1. ~5~~ ~0
; Lit~/Oissbility Int. t
Post Office Box 9?0 Fort Pierce. Florida ~c~ oocu~++.~+tary samo• s. 24_
l~
5
oFF~cE apoaess 101 Oth.. Chsryp li~.mi:•1 t OLLne
~ = none
n,oTE No. onTeo: ~ December 4 , t9 78 ~F~ = none
(G) Amount Finanad ~
~uE: Decemher 4 ,~9~„ IA, e, C, o, E, F1 s 16. 074. 15 ,
s
IHI Ina.eu t$~ 654_ 85 i
Fort Pierce , F~ORIDA ~~b~~ i 30_ 00
PLACE:
IJ! Och~r = *+ene
For va1u~ r~ttiwd, iM Yndl~fi9Md IAM~iMttN C~Nd "Mak~i') joinHy and ~rslly (if (K) : noae
more than OM) p~omist t0 pay l0 th~ ordN of tIN Bink, ac +u o~fic~ Iist~d sbovr, th~ Tou1 'u = none ~
o~ Paymenn It.om INI ae .igh~l ot ~24. 759. 00 po~~sn pavw~~ in 84 .
ecaua~ moncn~y in:taitmentt ot Q4- , ~M fint ~MI FINANCE CHARGE g~ 684. 85
IH, I, J. K. l) t
~nscaUm~nt dw on Jan_ 4 ,19.~.. and wDspwn~ i~nallm~o~s dw oe INI Toai of Paym~nn (G + Ml s 24a~59. ~0 _
cne~_day ot ~seh monch ~hK~sta., toq~tlNr with ~ FINAI BA~IOON PAYMENT OF: ANNUAL PERCENTAGE RATE 13_ 2'Z %
s none DuE none , ~9
Th~ Bank shsll impos~ a dNinQu~ncy charyt ~gsinst tM MskK on aeY psyrr~nt whicA Ms becom~ dw snd r~m~ins in d~hult tor ~ paiod in ~xaa ot 10
days in sn amount pual to 5% ol tM amount of tM princip~l put of tM paym~nt in defsuk. In tM tv~nt th~t tM Nott is not paid in full st naturiq, all pay-
menu, whtthw p~incipal, ietenst or oMtrw~s~, shall b~sr inta~st st che msximum t~1 rsn siiov~ unoK th~ iaws oi Stst~ o# ~b?ioi. f?ii p~ym~na m~oe
he: eunde~ shsll b~ u~dit~d first to int~r~st and tMn to Wincipit. how~~rlr, in the ~wnt of dstiult, th~ Bsnk msy, i~ iq fol~ d+senti0n, apply sny paYnf~nt to
interest, p?IMip~l iAd/Or 11NAU1 Chir~f thM iCCrWd. It if tM inttntion ot t!u parti~s hK~to that tM prwisions htrein sbsll not provd~ dinedy or indihCth
for the payme~t of s g?ute. rate of inarat a cM rotention of any otAer charg~ than is albw~d by law. Ii, ta sny rtason, intu~st ie exoea of such NgM ?sM or
a charg~ proAibiad by law shsll a[ any cirr~ b~ psid, sny wd+ exqss shsll ~itha constitut~ and b~ aNt~d as s psY~~ on M~ printipN or b~ nfund~d dined~?
to the Maktr.
The Mak~r rtay prepsy tM enein unpaid bala~ce of tM Iwn st sny time. If tha 1o~n is prepsid in full, aculentsd o~ nfinano~d, tt~ N1ik~? shsll ?se~iv~ s
re}und of tM un~arnad. portio~ of the inten:t and inwn~ premiums co~nputed by the Rul~ of 78's mttAod, ezdpt thst tM Bank shsll be e~titbQ"to ~~tain
a minimum inter~st tharg~ of
CREOIT IIFE AND CREOIT LIFE 8 OISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREOIT. Sueh insuranw ooveap~ is
ava~iable at tM cost dai~?stid btlow (w the term of ths uedit: (a) S 1 0~~ (or G~dit Life Inwrsnc~ (b) S~OT1e
+o~ c..d~t uf. a o~a~~? i~wn~+c.: 84 months insurance oa 20, 000. 00 -
cn~k ~I Ctsdit Lit~ Iruurance is desired on the lite oi RObeTt Price
~ppl. Birthdate ~ n~~,~ Q
Boz ? G~dit Lih ~ Disability liuurante is desired on _ -
BirthdatE
? G~dit Lif~ and/or ~isability Inwrante is not d~sirld. /7 , tt'''f~ n „
~ r~ . ai~ N I~(~ ~'`7
oa~e: 1~E±c -mher 4~,1978 S~ynature~ ~ ~ ' ~
A
Signsture
^9 P~oPKtl?:
Ks s~curity fot the psymMt ot tAe Noa tM Maker hereby g~ants to the 8ank a secwity interest in the followi
SECOND MORTr'er_~ ntv D~~T. FCTATF, ~ See over for le~al description
'I fncluditg all incrMSM. substitutions, rplat~nts, additions and attessions theteto snd in the procelds thlt~of (hereinsfte~ qllad "Co11aiK0"l. This ~CUrity -
~nter~st shsll also s~cun snY oN~er indebt~d~as w tisbility ot ths Mak~r to tha Bank direct or i~uett. absolut~ or contingent, due o~ to b~COn» dw, now ~x- -
~ ~sting or hMptt~t srisinp, induding sll futur~ adwnps or tosns by th~ Bsnk to tM Ntaker.
! The Bank~ is aho 9iv~n a li~n ~nd s secur'ity int~.~st in all property and securities of the Malc~r. e~doner, wr~ty. yusrsnto~ or aaonKnodstion pKty of this
~ Noce (Mrein~tte. refand to as th~ "Oblipors"1, now in o? at sny tirrr h~rNlter coming into the control, antody or pos»ssion of U+~ Bsnk, wMtMr tw the ~x-
p.eued PurPo» of b~inp used by ~M 8snk as Collacersl, or for anY other PurPose. snd uPOn any bsl~e~u or bslanoes co tM aed'n d an~? a~eouna, indudirg
trust and sp~neY scco~+nts rtnints~rnd +tiithtM B~nk by sny of th~ Obliyors, snd tM Obligors ayree to dNiver to ttN Bank additia~al ColtsM~l or m~lc! wch
pavmsnts in nduetion of tht p~incipsl amount of th~ loan ss shall b~ sstistsrtory to th~ Bsnk. in tt~e ~vant tht aioremention~ef Colbtaal sfall d~dier in w1w
or betom~ urastisfsctory to tM Bsnk. .
Additara to, nduc[ions or ~xchan~s of, w wDstitutio~s tw th~ Collateral, psym~nts o~ socount of tAis loan or inu~a~es ot tM ssn+~, w otbsr lonq rnsd~
pa.tis~ly or wholly upoe th~ Collstasl, msy from tirn~ to tirtw b~ made without affectiny ths prwisions ot this Note. The Bsnk shsll ~z~rcis~ rMfonable pn in ~
che custody and pr~rvuioe~ ot ttN ColbarN to the ~xant rpuind by spplicable stsiut~, and shsll b~ dNrt»d to bav~ ~xercia~d rMSOmWe csn if it Wns weh
attion for thst purpos~ ~s MskM fhs11 nuontWY nquest in writinp, buc no omission co do sny sc[ rat nquatM by MskK sha~l tie ~enrd a fsilun to ~:acis~
reasonabl~ pn, snd ra om~s~ia+ to cort+plY wid~ anl? rpuest of IY4ka ihsll of itself bt d~em~d a fsilun to eztrci~ nssonaWe csn. Bsnk thNl ~ot b~ bowtid to
wke any stps n~y to P?~rv~ anY riyhts in tht CoIlsUral sysie~st Prior part~es and Msk~r shall tske ~1 n~etssry step! fa weft p~upoas. TM Bank ot its
nomi~ r»ad not colbet intK~st on. or ~ printipil ot, sny Collst~r~l or yive any notiee wiM resp~ct t0 it.
The Bsnk msy co~~inw to hold sny CollsterM d~posit~d he.eundsr siter the paym~nc of tfiis Non, if st tM tim~ oi tM paymtnt snd d~ h~nof any of
che parti~s IiabN for tA! paytrnnt he~~of thsll b~ tMn directly O? tontinpently lisbb to t1u Bsnk ss Msker, endorstr. wnty. 9usrsntor or aooonrnodstion Pa?tY
of any o~ha. note, draft, bill of ~x~+sng~, or ott~er instrum~nt, a otherwis~, and th~ 8ink maY thersaft~r exerciss sll righq wiM rap~et to t~id Collsteral
qran~~d hK~in [houyh this Not~ ~hall hsw bNn wn~nd~r~d to da Mak~r.
~ If th~ Bank d~r~s iuNf iru~cun or upon d~ 1aDp~nirg of sny of ths followirg rvena, esch of which shNl eonstitut~ a d~f~ulc, sll liabilitip of Md+ 1WkK to
the Ba+~k, intludin~ tht ~ntin ur~sid prinCipsl of this Nou ~nd socru~d int~rat, las sny un~srn~d intuest and snY intenst in exoas of tM maxirtwMn allow~d
~ by law and sny r~bst~t rpuired by Isw, ~hall imrrneAistely w tba~s(nr, st d~ option of tl~~ Bink. exapc that tM oocw~en~ of le) or daH esu~ auton+st- ~
K aculaation: without notia or d~rn~+d. b~oo~n. dw snd psysW.: (al tM fsilur• ot sny Ob1go. ro p..~ar~n sn~? obiigscan. lisbiliq w dsiqto tM Bsnk, to pay
~ ~nee.esi he?eoo wiMin i0day: sfu. it is dw, a if tk~?e ~ no dw ds~e, shs~ ie is b~Ibd or otbe~wi~ rqupt~d or da~r~seded, or to pey sny oM~r ti~b7ny whsa
soever to ths Bsnk wh~n dw: (b) tM dssth of srW individual Oblipor. tl+~ dhwtutioo of any pKtmnhip Obiga w tM dissdution, n~e~ror Wn~olid~don with-
~ ouc tM Bank's prior writt~n consent of ~rry ewpaaa Obliya; (c) tM iilinp of a p~tition in D~nkruptey a tM ~udiption ot insoH~nty or bnkrup~l? und~r
~ any rsorytnizstion, srr~nt, r~sdjustrn~nt of debt, dissolution. liquidstion w similsr p~oCNdin~ undu sny F~dersl or ststM ststutt, by Or sp~i~qt snY ~
~ Obli9or (d) a~ spplication for the sppointm~nt 4~ ~ ree~iva M?, e? tM makiny of s g~r~N asipnnrnt for 1M ben~fit of arditors b~r. any Obli~or: b) tM ~nW
of judprMnt sQ~irot any Oblyor, (f) tM iswinp M sny attschmMt or p~rnishnwnt, or ch~ filirq of sny li~n. a~si~st arn? propKty of any Oblipor: Mt tslciny of
possasioe~ ot sny substsntiat psrt of tM Prop~rH oi snY Oblgor at tM irutanw of sny yo~nnwnW suthoriq: (bl th~ d~t~rminstion bf? tht Bsnlc dat ~ m~t~i-
al sdwn~ chsny~ f~u occurnd in tht finmeisl oondition of any Oblipor irom tM conditioM ~t terth in th~ mott nant finantial statan~nt of ~uCA Oblipor ~
he.ecofw~ furnisA~d to'cM Bsnk, o~ from tl+~ eondition of such Oblga a Mntoton most r~untly d'ndos~d to d+~ Bsnk, or th~t any rvrrsnty, rpr~ntstia?,
certifGcst~ or satun~ne ot sny OWiyor (wh~tlwr ooncsimd in cAis Not~ w rac) v~ini~g to o. in oonrnceion witl+ d+is Noa a eM lo~n ~vid~d b~? tlds Noa
cantsiin sn untru~ =qt~rtMnt of n?sterisl isct pr omits to stst~ m~tMisl faet Mpsssty in ordN to nrk~ tM stst~nNntt msd~ not nusl~din~; or. (i) th~ ss~i~n-
ment by any NI~kM of any ~quity in any of tM ColbtKS1 without tfN prior wrimn oonstnt of tIN Bank.
llw Bsnk shall h~vi but shsll not b~ limit~d to, tM followirq rgha. Mch of whieh may b~ ~x~rea~d st s~+y tirtw wMNMr or not this Noa it dw: lil to
pl~dy~ or tn~st~? this NOt! Md tM Coibtwsl anA tM 8inlt sANI thrtWa~ b~ hli~Nd of sll dutia and ~poraibilitits M~undK and nti~Md 1ton1 M~Y snd s11
{iability wiM r~et to any ColbtNSl to pt~dp~d o/ tr~sfNnd, snd ar?Y PMd9r~ or tranld~tN shall for all purpoNt ttand in tM plap of t1~ Bank hM~w~dw snd
have all tM rght~ of tM Bank Mrwnd~I: (iil to bsnsfK tIN whoN Or u~Y P~rt of th~ Co1lstMS1 into tM 1wn~ of it~lt o? its nae~inM: lui) W vot~ th~ COllabnl:
(iv) to noti(y dw Obtgas d~+y CotbtwN to m~k~ psynMnt to tM 8ank of sny art+ouea dw a to b~eonw du~ dwrwn: (v) to d~n+~nd. ~w for, ~olbe~ o~
msk~ ~nl? oon~OmiN Or f~ttl~nnnt it dM1tu dairsbN with r~hrlnO~ to tM COIIsp/i~: snd (vi) to tsk~ POaasion Or Control d sn~ prOCMds Of COllttaal.
~ - . _ - - 94QK~•~7~ PACE
~ irOTICE: SEE O?HER SI~E FOR IMPORTANT INFORMATION .
ci?~ IR2 n? i!77 ~ ~ _ , ' ' . _ ~ - _ _ . . ' ,
~,'.iy~y '-'..'a%'"`"- - - . . r~~.+~-~r..~~~.~.~.- ~r. - _ ".x e.~f~.._.. - .-°A' _
_ ~
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