The URL can be used to link to this page

Home My WebLink About0917 _ . . . . *f f • ~ • ` INSTALLMENT PROMISSORY NOTE ' ~ , ~ . ~ ~ . ' ~ Nl~ ~N R.~.~?.a s 1~~~,_ ~e ~-s~s P+r ~ AN C M •i• ' ~ • (8) Pr~rdum ior Cr~dit ~ ' . ~ifNWtabllity I~u. _ ~ ~!s ' ~ . ~ fCl Do~umK?ca~y Scu~ , ~ - ? ~S~`~C R ~ ~ • fDl OthM CMrpM IitMtit~l = ± ; NOTE NO. OATEO' . . 18i~ • (F) ~ =-'w?~•~ ~ ' ; . _ ~ (W Amount Finano~d ~ DUE: ; - (A, 8. C, E. FI t , (H) Int~r~st : ' e.~~~~ ~ --r, i PLACE: _ ~~r,~_ . FLORIpA ~l) G~dit Imrptip~tion = ~'w'w~'~"M? . • ~ ' ; v. (Jl O[h~. : w++~.w... } Fa valw rKtiwd, tM undenpn~d (h~~iniftK qlMd "Maksr") lointly snd s~wqstly (ii (K) s+r+o~+w. mae tMn o~t) promis~ to psy to tha~adK ot tM BMIc. ~t it~ offip lisad abow, tM ToW of Paym~nts (from (Nl aYripht) of-~~~, Oolt~n psY~bN in (Ll s.~~ pwl irwochly installmenn of S~2~~ . ' , t~ lM) FINANCE CHARGE ~ - ' (H. 1, J, K, l) S a~~ ~ in~uttm~nt du~ on.. 19~,7nd sub~equ~nt Insullm~nts dw on (N) Tet~1 of P~ymtna (G + Il,t) _ ~t~a~_ : i c??~_~.dw ot ~sd, mo~?ih thawiter, to~tlMU with a FINAI BALLOON PAYMENT OF: AN:11UA1 PERCENTAC~E RATE ~ s DUE - r- . .19 r"+ i• . . TA~ 8snk ~11 irnpose s dNinqumey chsrye ~ysintt tM N4k~r on a~y p~Ym~nt which has bs~pn~ du~ and rsmai~u in dtfault for a pKiod in exctq ot j0. , days in an smoum aqu~1 to 5% of tM srtwunt of tM principN psrt of the p~yment in default. In the went that tM Not~ is not paid in full at maturity, dl pay: ments, whethK ptincipal, ieterest or othsrwis~, shstt besr intKest at the maximum laqal rete aHow~d u+ide~ the laws ot the Stat~ of Flaida. All paym~np m~tM ' hsrwnds~ stull b uldited tirst to inte~est and tAen to p.incipsl, howevsr, in the e~ront of default. the 8antc rosy. in its sole distrstioe, apply sny psyntent jQ . inttrett, priatipst and/or lawful charg~s then aCCrued. It is che intention ot the parties heretn thst the provi:ip~s herei~ shall t~pt provide diraCtly or iodinCtls/ for tM piymsnY of s qr~atar rate of i~terest or tM ntention ot any othe~ chargs than is albwed by law. 1 f, io~ sny raason, i~t~rat in sxoess of wch IsgW rste w a clwrg~ prohi6itsd by Isvr shall st any time b~ psid, a~y wch expss shsll eith~r eonstitute and b~ trested as s payment a+ the principal ar be refund~d diraCtly. " to the Msker. ~ . . • , i The Mak~r msy prepay the entire uapaid bala~oe oi tM loan at any tims. If the loan is prepaid in (ull, aocelerated w refinanced, tAe Maker sheU recerve a retund ot tht u~ned portion of the interest a~d inw?a~ce p.emiums computed by the Rule of 78's method, except that the Bank shal{ be entitled to ntein ~ a mi~imum interest dWry~ of ~,00, , ` CREOIT LIFE AND CREUIT IIFE dt OISABIIITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrante cov~rage is available at the oost desgnated below for the term of the asdit: (a) S fqr Gedit Life Inw~ance (b) S ~ tor Gedit Lits a Dissbiliq lasura~ce: - ~ i Check Q Gedit Lif~ f nwrante is cksired on the iite of ~Birthdate • Boz ? GeQit life $ Dixability Inwrance ~s desired o~ ' • ~ . , . . ' - Birthd2t@ . , ~ Credit Life and/or Disability Insurante is ~ot desired. _ t~tec D~~~t~a i~~ ' ' SignatureX - ' . - - - ~ . • - - . . , ~ Y~! . . f , , - ~ • siprwcnre ' - As sacurity tor the payment oi the Note the Maker he?eby ~anu to the Bank a securi ty i~terest in the iollowing property: ~~.~~QS'~ TT- _ . • ~ ~ . ,.ti ' ~hxliny all rncr~asa: subst~tut+orts, replacements, additions aad accessipns thereto and in che prooeeds therEof (Aereinafter called "Collateral"). This security ~ ~ inierest d~all als0 sacure any other indebtedness or Iiability of the Maker to the Bank direct or indirect, absdute or Contingent, due or to beCOme dus, now ez- isting or t?erpfta a?ising, intluding all future advances or loans by the Bank to tfie Maker. ' - TM Bank is also given a lien and a sswrity interest i~ all prope.ty and securities of the Maker, endoroer, wroty, guarantor or accomrtwdation party of this ~ Note Ihereinafte? nferred to as the "Obligors"1, now in or at a~y time herpfte~ comirg into the contrd, custody or possession of the 6ank, whether fw tMe sx- - We~! purpose oi being used by tAe Ba~k as Collateral, or for any other purpose, and upon aMr balance o~ balances to the credit of any sceou~ts, including ~ trust and sgeney aeeounts maintained withthe Bank by am? of the Obligon, and the Obligors agree to dNiver to the Bank additional Collateral or mske wd1 p~ayments in rtduction of the principal amount of the loan as shall be satisfaetory to the Bank, in the event the aforementioned Collateral shall decline in vNue or become unsatisisctory to the Bank. • Additiw~s to, reductions w excharges ot, or wbstitutioru for the Coitateral, payments on account ot this loan or inueases of the same, or other toans mscie partialty or wholly upon tha CoHateral, msy from time to time be made without aftecting tbe prpvisions of this Note. The Bank shall exercise reasonable tare in the custody and preservation ot the Collateral to the extent required by applicaWe statute, a~d shall be ckemed to have exercised ressonable qre if it takes such ? action tor that purpoce as N{aker shall reasonably request in writing, but ~o omiuioo to do amr act not requested by Maker shafl be de~rt~ad a faifure to exerciss rsaso~able ca% and no omission to eomply with any request of Meker shatl ~ itsNf be deemed a failure to exercise reasonable care. Bank shall ~ot be bourd to f bke a~ryl staps necessa~y to prose~ve any riyhu in the Collatersl agai~t pr~r parties and Msker shall take all necessary steps fw sucA pu~poses. The Bsnk w its ; nominee need not co11eCt interest on, o? e principsl Of, sny Collatersl or give any notice with ~espect to it. ~ The Bank may continue to hold any Collatersl deposited f~preunde? after eNe payment ot this Note, if at tAe time ot the ~ayment and d'acharge F~ersof any of tl~s partia 1iaWe tor the payment Aereof shatl be then directy or tontingently liab{e to tNe Bank as Malcer, endorser, wrety, guarantor or eccomrnodation party of any other note, dratt, bill ot excharw~e, w other instrument, w otherwise, and the Bank may thereafter exercise all righis with respect to said Collateral 9ranted 1~erein even though this Note shall hsva been surrendered to the Maker. if th~ 8ank deean itselt insecure w upon tbe happtniog of eny of the followirg even;s.each of which,shqll conititute sdefeylt; all liabiltnies of ~h Maker to the Bank, inctudi~g the entire unpaid princip~l of this NofE and accrued interest, less any u~earned i~terest and any i~terest in exass of the maximum allowed by taw and sm rebates required by law, shall immsdistdy or thereaftet, at the dption of the Bank, except that the oocurrence of (c) or (d) shell caus~ automat- ~ ic aoeeteration; without ~otios ordert~and, b~comedue snd pay,~ble: (sI the failura of any Obligor to periorm any obligation, liability o? dsim to tha Ba~k, to pay j interett hereon nrithin 10days sfter it is dus, or if ther~ is no due date, after it is billed or othervvise requated w demanded, or to pay any othar liebility whet- soever to the Bank when due; (b) tAe death of any individual Obligor, the dissolutio~ of eny psrtnership Obligor or the dissolution, merger or oonfolidation with- out tM 8ank's p.ior wrictan conseot ot any cwporate Obligo.; (c) th6 lilirg of a petition in bankruptcy a the adjudication of insolvency or ba~kruptcy und~er any reotyanization, arrangement, readjustment of debt, dissolutipn, liquidatiw~ or similsr proceeding u~xler a~1/ Federal or state statute, by o~ eqsinst any Obligor; (d) an application tor the appointment of a receivei tor, or the rr?aking of a genera( assignment for the benefit o/ creditors by, any Obligor; (el the entry : of jucfgment against any Oblipor, (i) the iswing of any attachment or yarnishment, or the filing of any lien, a9ainst any property of any Oblipor; (g) the taking of aa ~o possessio~ of any substantisl part of the property oi any Obligor st the irKtanoe of any gover~msntsl authority; (h) the determination by the Bank thst s materi- ~ al ad+rerse d~atge has oocurred in the finantial eondition of any Qblisw from the tonditiait tet forth in the most recent financial statement of weh Obligp~ ! heretofae furnishsd to the Bank, w from tl~e eondition of wch Obligqr as hentofore most reoently disdosed to the Bank, or that qny warranty, rapresentation, ! certificste or sWternent of any Obligor (whether concained in this Nots w not) pertainirg to or iri conn~ction with this Note or the loan evidenoed by this Note contains sn untrus staterr~t of material fact or omits to sate mataiai tect necessary in order to meka the statements rnade not mFsJeadi~g; a, (i) the assig~- ment by amr Msker of srey equity in any o( the Colletersl without tM prior written coruertt of tM Bank. ~ The Ba~k shall hava, but shall ~ot be limit~d to, the fdlowinq riphts, esch of which msy b~ exs?cissd at any time wMthar er not this Note is due: (i) to pledpt w transfe~ this Note and the Collstetsl s~x! tMe Bsnk ~hall tMreupon be relieved oi sll duti~s and responsibilities hereunder and relievad from a~y and all lisbitity with re~ct to amr Colbtenl ~o plsdysd or Vansferred, snd any pledpte a transferst s1~all for sll pyrpotss stand in th! plaoe oi tha Bsnk henu~der and have all the ri~tt of the Bank hereund~r,lii) to tr~nsi~r th~ whol~ or any put of the Collateral into th~ naiAS of iuelf ~x its rWmi~; (iii) to vote the Collaterel; (iv) to notify th~ Oblgort a( sny Coll~tenl to rtak~ p~ym~nt to the Bank of any smounri dw or to betoms dw ther~o~; (v) to demand, sue for, cdlect, or mske anY oomWom7st or wttlar~ent it daaru dainblt witb nf~rsnes.to th~ Colbnnl; and (vi) co tak~ pa~session o. control of smr p.ooseds of Collatersl. ! ~ ~,~„i, , . t ` ~ ' ~ • 800K Q ~ NO'I~I~E! EE OTHEfi SIOE.FOR IMPORTANT IN~ORMATiON ~ P~ v~~ ~ FBS 752 Rev. 7/77 ' . ..,s ~ 3 , ~ , - ~ a~. . ~ - ~ _ s ~'~'_.zi' ' ° c' ~.~ai~'.~,o°'~