HomeMy WebLinkAbout0873 F.I, b :
INSTALLh1f_N~ PfiQt~11SSORY NOTE•
. (A) Amount Rrcc~ord S_ 500•_~~ :
- -JL•'\SEN_BEACH Sr~TVK-------- - - - _
- - flANK NAME - - - (B) Riim~um 10~ C~edd 125. 91
, . . . Lile/O~sab~litylns. ~ 5---~___~_--~
POST OFFICE BOX ~7~ JEI~SEN BFA(~1~ FL 33457 . (Ci Docu~neMa~yStemps S ___4~Q~___
Uti ~CE AC~~RF_SS i--- IOI Oth~r cnd,~, ~,~r,~,,.~ t__ none__~ • ;
~ . . _ . . . ,
. . • _ ' . ' December : 4 . - 78 ~E? ~ ~ s~~~~--
; ~ i f NO. _ _ - DATED - - - _ , 19___._. (F) ' _ S_~ 110116~______
• , . . . . - . . . . ' ' . - . • .
. ' 1G) Amounl ~inanced . ' .
,'~:,F _ _ _ - --~eCenb~-------b-- ~ , 19~.: ' • lA, e. C. o. E..FI _ S__-~~2~~~- - '
. ° ~ . • . iN) Intaest . . . " S ' •
QcE: ; _ - • - Jensen Beach~ . . ~ ~ , FLORIDA Ul • Gedit invesi~gatTon' . _ S DOiI@
- - . _ , . • ' • - - . • (J) Other - - ~ - s _ i1011C
Fo, value ~eceivcd. tt~e undeis~g~ed (he~e~nafter called "Make~"l lointly aod st~~r~al{y Gt (K) ~ - • S• nOne
.~~r than one) V~~m~~e ta pay to thp O~ r o~ ih B nk, at ~ts ofLce listed above, ~he Total _
~~3 35~.~0 . . . . .s none
~ ,~yme~~s (trom (N) st ~~ght) of~ ' Ooltars payable in 6Q_ , ' , '
I~U FIIVANCE CHARGE -
,,;,,I r.ioMhly insta~Imen~s ot S_$$. 96 - , she tirst ~ ~ K t+. s 72~. 64 ~ . t
:~:~,,,,c~l J;,~ Januar~ 6' ~9 79 , and subuquent'insiallmems due on ~N) Total ot Payments lG ~ s- 3~ 357. 6~ a
,r,, bt}l~tyy pt rac~ moniA ihetea~ler, io,~etha w~~n ~ F~NA~ BAL~OON PR~'hSEN7 OF: ANNUAI PERCENTAGE RATE 10. OO_ex
~ . __I1QIl~-- _ DUE _~.I1~a ~ . - . 19~~ - - _
. . . . - - ~
~he Ban? s~~all irnpose a~iel;nqurney c?:a•ge aya~nst the Nleke~ on any paymrnt wb~ch has becume due and remains in detault Tor a~r~od m e~cess oi 10
~.~y5 ~n an ,.mount rq~.:al ~0 59G oi ihe amuunl 01 the principal part ot the payment in default. In the event~ihat the Note ~s nat pa~d in tuN at marwity, aU pay•
• ~:ts, whetfie~ p~ ~ntipal, ~me~est o. o~htrw~se, shall bear interest at ~hqma,cimum ltgal .ate atluwed under the Iaws o1 ~he State ot Flo~~da. AII payments ~nade• a
~nder shal! be credlted ti~st to ~meresf and ihen to principsl, howeve!, ~o the event oi detautt, the Bank may, in its so~e discre~ion, apply any paymerit lo - t
~rst, p~inc~pal andlor lawtul cherges thrn ar.uued. It is ihe intent~on oi tAe parUes he~eto that the provisions hercin sAaH not provide direcily w;ndi~ectly r
~:he , aymem o~ a y~eater rateot ~nte~est or the ~etemion o( any other~cAarge lhan is allowed by ~aw..h, 1or anV.rcasan, imerest in excess of such legal rate or' ~
,,.,•~e p~oh~!>,ted by t~~n shatt at a~y ~ime br , aid, any suclh eYcesi shall either co~siitu~e and be treated as a paymeni
on the prircipal or be re~unded directly :
. ¦.~~o _ _ - . . . _ - . - - . . _ .
• . - _ . . ~ . _ . - . . _ . _ S
~he ~~ake~ may p:ePay the enure unpe~ci twlance ot the toan at eny time. ti the loan is prepaid in full, scceterateo o~ ~e~inaucr~;, i:•~ :.~oE:s: ~_~e e.~
-',~~~d ot the unear~~zci purUOr. o~ the interest a~x! inse..ar•ce p~rmiums tc.m~uted by the Ru~e of 78's method, extrpt that the Bank sha11 be ent~tlecl to ~eta~n _
:,~•r„~num ~nie~est d~o~ge of $5.0~1. , - ~ . ' - • - ~ ~ : . - - - - ' ' ' . - :
CREDIT LIFE AN~ CREOIT IIF.~ b DISABILITY I~vSURANCE ARE VOLUNTARY AND.NOT REQUIRED FOR CRFOIT. 5uch ir.su~ance cavr~age is
~'::ble a~ the cost des~gnateci below ~o~ the te~m oi_the ard~t: (a) S_ 1?S. 9I_,_ " tor Creciit Lite lnsurance (bl S• nOne ~
~ Cred~t Life & Diiabil~ty (nw~oncl- , . ' ' : • ' . j
~ ' ~ _ . , . . . ' ~
rr ..~-k C~ed~t l~ie Inw~ance ~s desi.ed on the t~fe of .__~K1(: tlltlHlFlf~li - _ - ~ " ~
. . ~ ~ - - - . . . _ - ---Bi.thda~e-- ~ , . ~
~.~x i~ Cred~t LHe & O~sab~l~t~r lnsurance as desired on ' - - _ • ~
. - - - ' Birthdete - -
_ - >
C~..~d~t Life and'o• P~sabihtylr~w~ance ~s not desired. ^ _ - , - . - F
. ~
Gece;~ber~ 4,~ -1978 ; - , - _~,~X ~ n i~ ~ _ . _ _ :
. S;gr.eture ~ l , .i:~l~- ~ ~
. _ _ _ . - - E~IC R. ~LAR'I't~~IJ = . - - , . . ~ . _ ~ ~ F
. . . . . ' - ' . . S~griature ~ = _ •s • _ _ ~ _ ~ ' ' s
+s secu~ity for the aayrt~n: o~ the W~te the hSaker he~eby g:anu io the Benk a secu~ity imerest ~n ~Ae ip1l .v~ o r 1"~~Q~ ~
Lot 7,_ Block 565, Port St._ Lucie Section 13, ~ St Lucie County, F~o i~a
a~so Coin Gll~c~io~nno~__
i ric _R`f Rebecca A1._ Hartman as per attached list:-- ~ = = ° . ~ - - ~ • = _ _ ~
,.i~r.g a11 InCtfdS!~S, SubSi~tUt~Ot1S, reptace:nents, aAdiuons and access~ons the~e~o and in ~he proceeds tFiereoi.{fie~ei~ahe~-calied "Collateral'??. This security ~
~sr sba?1 also se,:u~e :,ny other indebiadness a liabil~ty of ~he fdaker to ltie Bank direci or ind~rect, abso~ute or contingent,~due or to become due, now ex-
r~c or he~eaf[er e~~sing, int~ud+ng all tuture 3dvences O~ ~canS by the 82nk to the ~laker_ ~ _ - _ _
• - , _ _ - _i.. _ , : . . . • ~ :
The 8a~k a atso 9iven a tien arxl ~a security ~nteresi ~n atl prc~perty eod securit~es of the M•ake~, endo~ser', w~ety, 9uoranto~ or accommod'etipn pa~tY ot_ thu '
Note (heremafur ~ete~red ~o as ihe "Obl~gort ~'1, now in o~ at any t~me hefeafte~ coming ~mo ihe control, wstody oT possess~on o1 t~e Bank, whether i~. the ex=_ ~
i:~rssed pury~u ot ~¢~ng used by the 8ank as Cotlate~ai, or tor any other pu~puse, and upon any balance or balances to the cred~t~of any ticcounfs, ~~c~uding
;~,sc a~d a~ency accounts ma~~tamrd w~:hthe Sank by any oi the Cb?~go{s, e~ci the Obh~o•s agree to de~ive+ ~0 1he Bank addhional Cofiateral or make such
y~rients in ~rductio~ of tt~e principa! e~•~r~unt of the ~~en as shell ~e sat:s`actory tQ tFe B::nk, in tfie event ihe afo~e~nent~uled Col:ate+a~ st:all decline in value .
, '•~•come unsatistaciory fo lhe Sa~k. _ - - - - ' - • - . . . • : - - . ~ : ~ ~
- - - , _ - - _ 's
Addrtions to, reductions oi ercharu3es o1, a s:.hstitutions 1or the r~lla'e~at, paY~TM'nn on account ot this ?can w increases o~ the same, or otherloans m~fe . `
~-t~311y or whofly upon the Collateral, may ~rom time to lime be made vci;haut affecting ihe p~o+•~sions ot this Note_ The Bank shall exe~c~se reaso~able ca~e ~n
:~e custody and prese~vation af ihe Collate~aS_to ihe.extent *ey~~red by tpplicable s:atute, aro! shall be deemeci to have exe.cised reaso~able ca~e if it takes svcJ+ }
~~~n tor that purpose as Maker shaN rezso~ably request in wniting, but no om~ss~on to do any act not requested by Aiaker shatt Ge deemed a failure to exerdse : ~
~•=~onable care, and r?o om~ssion to comply with ~am request ot Maker shall of ii~li be Ceemed a failure ~o exerdse ~easunable care. Ba~k shafl r?at be bcund ~o
e arty steps rtecessary to p~ese~ve any rigFits in the Cotla[erat ~ainst pria part~es and Ma~Cer sha11 taKe atl necessary steps (o~ such pwposes. The 6enk o. rts _
,m~nee neeA not cotlect ~merest on, w a principal ot, any Cofla4eral or 9ive any noti~e with respect to ~t.• - - V~
g;;~4~ •r~~ ~~.±.,~„P r~ h~t~ anv Coltate~a~ deposited hereunder at[e~ the Dayme~t ot this Note, ifat the time of the payme~i and d~scharg~ hereot any ot.•,
i~~e partirs liable fa the pay~nent her¢~f St?al! be.then d+r~tljr a coritingentty Irab~e to Tne,esanic, as i.;a~c~, ~.-.:,:,:x:, s:::rt~, ,G' xrnmmtxlation Ue~tV •~I
~~f any olhe~ nore, dTat~, bill o~ excha~ge, or other instrument, or otherw,se, and ~he Bank may thereaiter exerc~se all righrs with resprct ro.said Cotlaterat
_ ~ an:ed herein even fhough this Note shall bave been wrie~dered to the Maker. . _ . . ~ - _ - , - : ~ '
Is ihe Bank deems itselt insecure w upon tha happening of any o{ tF~e tatlo:roing evants, eaeh of which shall tonsti;ute a default, atl liabilities oi each Maker to #
3dnk, iru:fud~ng the ent+re unpa~d prirec~pal ot this N~te and accrued interett, tess any uneamed interest and any ~nfe~est in excess o` the rt:axirnum atlo»ed -
by taw erid any .r6ates rru~red by iaw, shall immediately or the.eatu~; ai tht opt.on ot the Bank, except that the occu~rence o~ (c} or (d) shatl cause automat- ~
ce~eraiion; without n~cice o~ ~emar+d, become dve and payable: (a! the laiturt of any Obtigor to perlorm any obt~gai~on, tiab~t~ty or ctaim fo the Bank, to pay_•:.. £
~•e•ese he~eon wichin i0days afrer it is due, or ii ~hsre is no due dase, at~er it is b~lled o~ otherw~se requested o~ demended, a to pay eny othe~ Iiability what-
s^~e:er to the Bank v,~hen due: Ib1 the death o! any indiv~dual Obt:gor, the dissolut~on ot any partnership Obtigp: p. the d~sso~ution, merge: or consolidat:on with- ~
c ut the Bank's pnw v~n~;~en ccnsrnt o~ any cu~po~~te Obligo/; (cj_the ~iling o~ a petition in bankruptcy~p the rdju~itation ot i~solvene,y or bankruptcy vnder .
,-,y reosganirat:on, arra*~:ement, readjusirr.ent of debt, d~ssolution, liqu~dat~on or similar proceeding ur~ler any Federal w state statute,by or aya3n:t arry
~•.'•~_,or; Idl an appl:,atio~ ~o~ the ap~w~ntment o~ a rece:ver tor, or the m3king ot a genera~ assi3~ment for the benefit ot ueditots by, anyObligor; (e) tht entry .
j•sd3m~nt ay~enst any Objigor; (i) the ~ssuing of yny attachm•nt o~ 3arnishrnent, w the fil;ng o1 any lien, againss any properry of any Obligor, (g1 the t;k~ng of ~
.~~~~ssion o! any s~bstans~a~ pari ot the propE~ty of any Obtiyor at the ~~stance of eny qove~nme~ttl authority; (h) the cJete~mirtat:on by the Bank that a meie~i- ~
.~~ve~se change has occur~c~d in the tinanc~al cundrt~on ot any Obligor f~om ihe conditions set fo~tb in the most re[tni fir.zocbl staterrr_nt o~ such Obl~gor ' ~
`.r~c~to~ore lurnished to tt~e Bonk, or from the cond~tion o~ such Obli3or as he~etofo.s most ~ecent~y d~sdased to the Bank, or that any wa~ronty,.re~resentation, ~
;~~s~fcute o~ stetement of anY pbtigar (whe:~er conta~ned in this Note ~ notl pertaininfl to or i~ eonnxtion vc~th this Note or the toan evidenced by this Not!
c.~:a~ns an unt~ue staterneat ot mater~al iMt w ornits to stote rnaterial lact r.ecessary in order to make the s:axmeMS mad~ not m~s~ead+ng; o?, 1i) ~he ass~gn- ~
by eny h~af.e+ ~i eny e.~uity in any Of tht CGilnt2rdl wi!hout the A~io+ wrettrn tonsen2 of the Senk. ~ {
' The Bank s.`~a~~ have, but shatl nat be iim~red to, the iollowing r;ghts, exh of ,tifiwh may be c:erc~sed at any timr .vhether w not th~s Note is due: li3 fo g
,'cJ~e or Uanster ih~s Nc[e and the G~ilate:al a:~d the B;,rik fhall tAe~e~pun Ge :eSievFd o1 aIl dut~es and ~25~OnS~~~Ii1~PS hF~2VPC~f~ dn~ ~Qt~C~?A f~OT any and a~i " ~
{;t,~hty with ~tsp!tt to any Colla.e~at so pted9ed o~ irans`e•ted, and a~y p~rd3ze w tr3nsteree sfiatl fo~ aN pu~p~ses s~and in the ~!y:e o~ the Eank 1+e~eun;.Ser and ~
F.~:e all tfie rights ot the Bonk he~eunder, Gi) ;o trans?e? i!ee wbole or any pe~t ut the Colte•eral into the name o~ itse~t o~ ~fs no,nir.re; (i~i) to vote the Cv~'ete~al; ~
io not ty the 041~go~so~ any ~It~tera} to m:;k2 p3ymeM /0 t~t 6ar.k ot an~ a~T~oun!s due o~ to become due ~he~eon; tvl io demend, sue for, cotfrct, w
~e eny con~~ur»pe b~ setti'emint ~t ~ttens dcs'u.,!,4 w~th refe~rnce to ~~~e G~I:.,tral: and (vil 10 LJkC O'JSSP~S C~'1 0• cun~ro' oi any p•oceczis of Cul•a~e~al. s
. _ . . . . V ~ - . ' " 9
':~~t1CEr S!'E U(-~FP "t[}~= ! •~~z ;~..-,,~~z~:~T ~vF~,. accx.~~ ~r„~ 8'~ ~
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