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Home My WebLink About0114 INSTAII.MENT PROMI~OHY NV ~ t (A) Artwunt Rece~ved S ~ SANK NAME (8) Premium lo~ Cred~t ~ L~Ie/D~sabilicy Ins. S 1~» ~1 k~. t~,ut7 lCl Oocume~tary Stamps S OFFICE AD~RESS (D) Other Charyes (~tem~t~) S ~ IEI S NOTE NO.. OATED: 19u--• ~F1 S (G) Amount Finanted t~ M,! 6S • DUE: ~ u~ . 19~• (A, B. C. D. E. F1 5~,.~...~ IHI Intersst S ~a~1-~~~.-- PLACE: '1~~t ~ , FLORIOA Crsdit Investigation S ~ IJI Othe. S For value rece~ved, the undersigned (hare~nalter called "Maker") lointly and severalty (~t (K) S ~nore than one) promiss to pay to the order oi the Ba~k, at its otfice listed above, the Total s of Payme~ts (~rom (N) at right) of Do~~a~s payable in _u' a. . ' Iw~l FINANCE CHARGE e~~ual monthly installments of S us•~ • . . the tirst ~H, I, J. K. L) S_~Q~tl~~1s ~nstallment due on . 19~. and subsequent ~nstatlments due on (N) Total ot Payments (G + M) S~~,~ cne ~ dav ot eacA month tne~eatte., ~o9ecne~ w~tn a F~NA~ eA~~ooN vAVt~+ENT oF: ANNUAL PERCENTAGE RATE ; s=O % S DUE . 19 ~ . The Bank shall impose a dalinquency charge sga~nst the Maker' on any paymenc which has become due and remains i~ default for a period 1n excess oi lO days in an amount equal to 5X o1 the amount ot the principa~ Part ot the payment in defau~t. In ihe eve~t that the Note ~s not paid in tult at malurity, all pay ments, whether p.intipal, in?erest or otherwise, shall bear interest at tha maximum legal rate allowed under the lawt of the State of Florida. AII payments made hereunder shaU be credited Nrst to ~nterest and then to pnncipal, however, i~ the eve~t of delault, the Bank may, in ~ts sole discrehon, apply any payment to ~n2erest, pnncipal andlor tawful charges then acc~ued. It is the ~nte~tion of the parties hereto that the prov~sions herein st~a11 not provide directty or indirectly for the payment ot a greater rate of interest or the retent~on of any other charge than is allowed by law. If, for any reason, interest in exceu o1 wch legal rate or a charge p~ohibited by ~aw shall at any time be paid, any such excess shall e~ther constitute and be treated as a payment on the principal or be retundecl d~rectly to the Maker. The Maker may p~ePaY the entire unpaid batance ol the loan at any t~me. If the loan is prepa~d in full, accele~a~ed w refinanced, the Maker shall receive a retuncl ot the unearned portio~ ot the inte~est and ~nsurance premiums computed by the flu~e of 78's method, except thai the Bank shatl Me entitled to retain e m~n~mum interest charge of . CREDIT ~:FE AND CREDIT LIFE & OISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT Such insurance coverage is avadable at the cost designated below for ~he term of the uedit: la) S for Credit ~ife Insurance (b) S for Creclit ~i(e & Disability Insurance: ~ Check C ~ Credit li(e Inswance ~s desired on the Iite ot A~~ Birihdet@ Box ? Credit Lite & Disabitity Insurance is desired on B~rthdate ~Credit Life and/or DisabNity Inwrance is not desired. J~ 4. 1~79 S~gnature ~~itf Date `-7 _,L'~rt~ C( r.'~x- : $~gnature ~ ~ - As security tw the payment of the Note the Maker hereby grants to the Bank a security interest in the tollowing prope~ty: • ~s . ~ ~ 97 including all ~ncreases. substitutions, replacements, additions and acceuions thereto and ~n ~he p~oceeds thereof (he?einaf[er calted "Collateral"1. This securiry ~nterest shall also secuie a~y other indebtedneu w liability oi the Maker to tt?e Bank d~rect or ~ndirect, absolute or contingent, due w to become due, now ex- ~ ~st~rg or hereaiter a~ising, i~cluding all future advances or loans by the Bank to the Maker. _ I The Bank is also given a lie~ and a securitK ~n:erest in all property and secur~ties of the Maker, endorser, surety, guarantor or accommodation party of th~s ~ Note (hereinafter referred to as the "Obligors"1, now in or at any time hereafeer com~ng into the control, custody or possess~on of the Bank, whethe. for the ex- pressed purpose oi being used hy the Bank as Collateral, or for any other purppse, and upon any balance o. balances to the credit of any accounts, ~ncluding trust and agencV acc~nts maintained v~nthihe Bank by any of the Obl~gors, and the Ob1~9ors agree to deliver to ihe Bank additional Collaterat or make such payments in reduction of the principal amount of the loan as shall be sat~sfactory to the Bank, ~n the event the aforement~oned Coltatera~ shall decl~ne in value or become unsausfacfory to the Bank. Add~tions to, reduttions or exchanges of, or substitutions (or the Collateral, payments on account of this loan w~naeases of the same, or other loans made parually or wholly upon the Collateral, maY from time to time be made w~thout aEtecting the prov~sions of ihis Note. The Bank shall exerc~se reasonable care in ihe custody and preservation of the Collateral to the extent required by appticable statute, and shall be deertsed to have exercised reasonable care if it takes such action for that purpose as Maker shall reasonably request in w.~t~ng, but no omission to do any act not requested by Maker sha11 be deemed a!aiiure to exerc~se reasonable w~e, and no omisseon to comply with any request of Maker shall of itself be deemed a failure to exercise reasonable care. Bank shall not be bound to take any steps necessary to preserve any r~ghts i~ the Co~~ateral aga~nst prior parties and Maker shall take all necessary steps ~a such pu~poses. The Bank or its nom~nee need not collec[ interest on, or a principal of, anY Collateral or give any notice with respect to it. The Bank may continue to hofd any Collateral deposited hereunder after the payment of th~s Note, ~f at the [ime of the payment and~d~scharge hereot any of the pa~ties liable ior the payment hereof shall be then d~rec[ty or contingently liable to the Bank as Maker, endorser, surety, guarantor or accommodat~on party ol any othe? note, d~ait, b~tl ot ezchange, or other instrumeM, or othe~wise, a~d the Bank may thereafter exerc~se all rights with ~espect to said Collateral - granted herein even though th~s Note shall have been surrende~ed to the Maker. If the Bank deems ~tself insecure or upon the happemng oi any of the following events, each of which shall constitute a detauli, a11 Iiab~Iiues of exh Maker ~o the Bank, including the entne unpa~d principal oi this Note and accrued intereit, less any unearned interest and any ~nterest in excess of the maximum allowed by law and a~y rebates required by law, shall immediately or thereafter, at the option of the Bank, except tha[ the occu~rence ot (c) or ld) shall cause automat- ~c acce~eration:w~thout ~otice or demand, becomedue and payable: (a) the failure of a~y Obtigor to perform any obligation, liability or claim to the Bank, to pay ~nterest hereon w+chin lOdays after it is due, or if there is no due date, after it is b~lled or otherwise requested or demanded, a to pay any other liability what- soeve. to the Bank when due; (b) the death of any individual Obligor, the dissolution of any partnership Obligpr or the d~ssolution, merger or consolidat~on with- out the Bank's priOr written consent ot any corporate 061igor; (c) the tiling of a petition in bankruptty O~ the adjudication of insolvenCy or bankruptcy under any reorgamzatio~, arrangement, readjustment of debt, diuolution, liquidation w similar proceeding under any Federal or state statute, by or against any Obl~gor; (d) an application for the appointment oi a receiver for, or the makin9 of a 9ene?al auignment tor the benetit of creditas by, any Obtigor; (e) the entry of ~udgment a9ainst any Obl~gor; (f) the ~ssuing of any attachment or gar~ishment, or the ~~~~~g of any lien, against any property o( any Obl~gor; (9) the takin9 oi possession of any substantial part of the property of any Obligor at the instance of any governrr~ntal authority; (h) the determination by the Bank that a materi- al adverse change has occurred in the fi~ancial conditio~ of any Oblgor (rom the co~ditions set forth in the most recent tinancial statement oi wch Obligor heretofo~e turnished to the Bank, or from the condition of such Obligor as heretofore most recently disclosed to the Ba~k, or that any rvarranty, representation, cert~ficate or stasement of a~y Obligor (whether contained in this Note or not) pertaining to or in connection with this Note o+ the loa~ evidenced by ihis Note conta~ns an umrue statement of material fact or omits to state material fact necessary in order to make the statements made not misleading: or, (i) che ass~9n- ~rent by any Maker of any equity in any of the Collateral without tt?e prior written consent of th! Bank. The Ba~k shall have, but shall not be limited to, the following rights, each of which may be exercised at any time whethe. or not this Note ~s due: (i) to pledge w transter this Note and the Collateral and the Bank slwll thereupo~ be relieved of a11 duties and respo~sib~lities hereuncler and relieved from any and aIl I~ab~lity with respect to any Collateraf so pledged or transierred, and any pledgee or transferee shall (or all purposes stand m the p~ace of the Bank hereunder arxf have all the rights of tne Bank hereu~der; (ii) to transfer the whole or any part oi the Collateral into the name of ~tselE or its nom~nee; to vote the Collateral: (~v) to notify the Obl~gws of any Cotlsteral to make psymant to the Bank of any amounts due o~ to become due thereon; (vt to demand. we for, collect, or make any compromise w setttemerit it deems desirable with reference to the Collate~al; and Ivi) to take possession or control of any proceeds of Cotlateral. g~~K ~O~ FAf E ~~Q NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION FBS 752 Rev. 7/77 ~ ~b s' ~ ~ ~ ~ x ~~~~,s,~.~~ ~ p ~ ~ . _ _ _ - a~~~~`~'.~-~ . , ~-x.;.~=