HomeMy WebLinkAbout0876 IIVJ 1 H~.LIYIGI~t 1 rnv~.~~wvn T~vv ~ c
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_ ~e~een~ Be~ch Ban1c . ~ . AmouM RKewd ; . , = S 5,000.00
• BANK NAME (8~ Premium (o~ C.~dit ~Q-~
- ~ . . ~ lii~/Di~sb~hly Irtc. S
1Q.~s Comm rc ~1 Bt ~~jen~en Beach. ~'leridw ~5~45? ~ICI OocurrwniaY 6urroi _''t 1~-~5
- . OFFICE AODRESS , - ~ ~ID~' Othp Ch~rpes{~t~TixfY~ •
- . - _ _ ~ . : _ , . . • _ _ 'IE) - • _ - _32-~ -
NOTE~NO. ~ - _ -OATED; 'Januarv 'St~~ i ~ 1979 IF) ~ - ~ = S ,
. . ~ . . r
_ , - , . _ - _ _ (G! Amount FinsncW . , - .
DUE: - - JSritlBr~j ~.Ltl - ~989 (~?.8. C. t1. E. FI ~s 8.853.~5
_ . . _ _ . . ~ _ (H) lneerai . . . _ ~ 5--.~~i+?.~-_ ,
PLACE: - T!!tfann R~anh' - _ - ' - ~ =!!pLORIOA-, ~~11~ G~di~ lnveiug~~~oo • - t ' "'G_' ' . -
. . ~ - . ~ . . . - . . ~ . ~ . ,fJt-Oth~r . . . . ~i. . . .
For value rtcqiv~d, ihs unde~gned (hK~~nsf t~r t~lld 'Malur"1, jointiy~and s~wrali~ ii(• = . - . . . - . . - .
mort thsn onel P?om~s~ t0 P~Y totAe ordet o( NN Baek, st its of~iCt listed above: ih~ Toql: -'~K~, . s: . ,
ot Paymena U~om INf~t ry~i~ ot =14.~~.~ DoUsro payabte in . • • • . " . _ :t-`
eaua~ monthN ~~s~atlmenaot= u6.99 - - • - ,~n~tint~ ~ ~Ml FINANCE C~IARGE : -
• _ IH, /,.i: K. LI' . S.18S•~tS=_-
~ns~all~~i due.o~ Februarv 11 ;19 79 ;and tubss~uer?t insbliments due a} ~ • ~ ~ .
.IN? Totsl ot Paymeots (G t Ml~.' S~1~F O~ ~
~he~L~ti of axh moqih thet~iitt~,top~tliK with ~ F~NA~ eA~~ooN vAV~ENT OF:: ANNUAL PERCENTAGE RATE' ~ lO.OO' ~
5 _ •Q~ ~ ~ ~ bUE ~ , ~s - - - . _ _ .
: :-i:.,.;::_ : . - - - : - : •
7he Ba~?k sha11 impose ~~tlinqu~ney ~h~rp~ ~inti-1M NINca o~ snY paYment ~nhich hss become due snd r~me~rts in de(svlt~for a period in exo~st of ~O .
days ~n an arnount eVual t0~5% .Of iM amouet ol. ?he Rri~ip~l p~~t•pi tht payment ~n default. ln tAe ~vent thst the Note is not paid in tull at matuiity. sl( psy-
~.en~s,-wMthe. ~.incipal, inte~est o? oti+ervvise, ilia(1 bea'r:~nt~re~f st~thima~c+ir~um legsl ate allowid ueder tAe Isws of tbe Stste oifbrids. All p~ymsMs made _
hereunder ths11 be credit~d ti.rt to intsrest snd then inp.incipsl;~howe~iir; io ~he ewnt
vf d~tiuk; tM 8ank msy, ki hs to1~ d?scretion, appty any ~rment to
+nterest, princ~ snd/a law~ul~tharpes t1+en sccrued. It is the iotent~on ot tfu W~Ws he~~to thstahe p?ovisioos M•eio slwtl not providi direc~ty o~ ~nd~?ac~ly
ior ~he paxment, of a grqur rate of int~rest oi
th~ retention of any other chsrge rhan a sllowsd byyl~w. 1%i lo'r ~ny'reasoA, inttrest In excess ot sueh,ky~l r~te a:
a charge prohlbited by Yaw lhe~1 st any.time be paid. any wch exceu sAa11 eithe. constit~t~ and b~ n~ate0 ss a payment bt+ the principel ot be setuncied dKSCt1y
tc~theMaktr:- . t. - - • - - . . - - . - . . . . _
The Makermay p?apsy the erttire unpaid balante of the Iwn st any .time, ll the loan is. pr~paid in full. atte_lerated or refinanced,.ths Maker shalt reoeive_a ~
~,~f und of the unearned poriion of che inter~s and V~wra~ce premiumt computed by the Rute ot 78'~ method, except t1~at lAe Ba~k thatl bc entitbd to ntain _
e rniR~R1UT Ifltlllfl C~W19! O} . - - ~ - ~ . 1 • - . . : i ' ~ . ' ' ' ' ' • _ . . - . -
CREUIT LIFE AND CREDIT IIFE 6 DISABILiTY INSURANCE ARE VOLUNTARY AN~ NOj RE~UIREO fOR CREDIT_ Such inwrance coverapeis -
a, ~~ilable at the cost desigosted betotilr fp? the lerm ot ths ued~f:-la) S- ~.l~•O(~_ ` tor Credi~ I.ite Insursnce (b1 S ~
Credit lUe & O~sability_ Intw4nte: . _ _ . . _ _ : : - • . - .
cr~~k G~di~ LYe I~w~ance is desired on the tifeoi Benedi
et Gracoliei ~ - - ~
- For 8 ~r8 o~v - dccreaain; term. = - B~.~nea« b-8-z . . .
Box Ciedit life 8 Uisab~li{y Insuran.Y ii desired on ' - - _ '
• . - . ' ' • - . ' ' Buthdete - • - - - - . .
Cred~t t~f~ antllor.0isability tn:urance_id not desired. - ~ ` . ~ ' _ ~ _
,,.,~P Januarv 8t~;'~i979 - _ ~s~~~~,~ - Z'. ~;~~~~'d u't'i ~ .
_ _ - . . : ; ~ s ~ : . _ . . _ - : Benediet :Cracoli~f - : _
_ _ : . . _ . = • - ~ Signature - - - - _ = ' - - - - - .
As security Tor the payment o7-the Note 1hi ~Nsleen c~reby grantc m the Bank a secu~ity ~i?terest+n tAe lolbwi.g propertyc
_ Lot 461~6ection II~ ODTD008 BESOIrffi OF A1~IgtICA AT NIs'PII.&4 ISI.AIm~- aA deBCribed f~n ~id
mortg~,Qe. ' - _ _ ' . - - - - . _
~~~c+ud~ng all increases, iubstirut~orn; replacemena, addmonc and accessioni thereio and_in~the proceeds thereoi (hereinatrer called "Colla~eral"!. This searity .
~r.te~est shall also seeure any other ;ndabtedness or ~iabil~ty of ~the fNaker to ihe Bsnk dvaci or indireet, ~bsolute or contingent, due or tobecome due, now ex-
~s;~nqorFwreafteraris~ng.includingalltuwreadvancesabansby~theBanKto~the~Aaket._'~;.~__~'~t-~ ` • ~ - ~ .
The Bank is slso giveo a lien and a secun(y interesf in all property and securitier of the Msker, endorser; wrety, yuarantor or acconunodation party ol thrs
~ t~ote (hersinafter re(ured [o as the "Obl~gors"1, now in or at anV time he.eafter com~ng into the cvnrrol, custaly or possessronof the8ank, whether tw tfie ex-
~ n~essed purpose of being used by the 8ank as CoNateral: or lor any other purpose, and Lpon any bala~ce or balarices to the cred~t ot a~y accou~ts, ~nclud~ng
:'JST and sgency sccounts mainta~ned w~tAthe Bank by any of the Obl~gors, end ~he Obtigors agree ~o deliver to the Bank additwnal -Co1Wte~a1 or make suM
F~ayrnen[s in reduchon ot the pr~n~ipal amount o1 the loan as shsll be satisfactory to the Bank, ~n'the event the aiorement~oned Collawral sfia11 dedine in ~ra~ue -
~ t,ecome un~atisisctory to the Bank. : _
~ Addiuoos to, reduuions a exd?anges of, or wbstitut~ons for the Collaterat, payments on accouni oi this loan or ~nueases of the same, or other loans made
~.;rc~atly or whotly upon tfw Co~bteral, may from time to tune be made w+tfiout atfecting the provaions oi this Note. The Bank shall eueruse reaso~ab~e care i~?
~ ; r c~ cunody and preservst~on ot_the Cotlateral to the extent rsqu~red by appliwble statute, and shatl be deemed to have exerused reasonable care if it taket such
€ act ~on tor that purpose as Make. shall reasonaWy request in vu~iUng, but ~o omisswn to do s~ry xt not reQuested by 11Aaker sAalf be Aeemed a-~a~lurs to exerc~se
~ ~~.,sonable care, and no omiss~on to comply wi~h sny request of Maker shalt of itself be deemed a faiture to exercise reasonable care. Bank sha11 not be bound to
~ ~ a ke any steps neeessa?y to preserve sny rrghts in the Co~~atersl agairat prror part~es snd Maker shsll take aH necessary steps fw wch purposes_ The 8ank or its
~:om~nee need not collect mterest on, a a pnncipa) oi, any Colbteral or give sny notics with respect to ik ~
~ The Bank may conLnue to AWd any COIlater~l deposited hereunder AitN tht pAyment of thls Nou~ if'at tMe lirne of the payment end d~scharge he.eof any ot
r ne parties liable foc the payment hereoi ~halt be the~ direttly or eontirr~entty_fiable to the Bank as Maker, endorser, sur~ty, guarantor or accOmmodauon party
~ 01 any othlr ooee, draft, bin of exchange, or other• instrumeot, o. othe?wise, and -the Bank may the.eat~er exe.cise all .ghts with respect to wid Cotlace~al .
y-an~ed herein even though this Note shsll have been wr.endered to the Maker.
~ 1 f zhe Bank deems itseli insecure or upon the happening of any~i the following events, exA ot which shall corutitute a detault, atl liab~lities of each Maker to
! ~e Ba~k, including the entno u~paid pru~cipsl oi this Note and aanued interest;less any unearntd interest end any ~nterest ,n exceu oi the ma:imum allowed
~ t=y ~aw end any rebates required by law, shdl irrwnedistdy or theres~~s?. at the oPtion of the Ba~k, exupt that ~he ocevrrence of or (d) shall cause ~utomar
dccele.auon:without notice ordemand, becomedue and paysble: W the feilure of any Obliyor to perfamany oblgation, liability o~ tlaim to the Bank, topay .
~ ~!e*es~ he.eo~ rrith~n lOdays siter it is due, or if there is no due date, atter it is biUed a otherw;se requested o~ denwnded, a to pali sny other liability wha~- •
~ s~ver to the Bank when due: (b) tht deatfi of any iridrvidusl Ublqor, the dasolutio~ vf anY partnvsfiip Obligor or the dncdutio~, merper or oonsdidation with-
~ ou~ the Bank's prior wntten consent of aoy corporam Obliyor; (C) th~ (ilirg oi s petition ln bankruptcy p st~e adjudn~tion of uuofventy or.banluuptcy uncler
~ any rewgamzat~on, arrangsmtnt, readtustmeM of debt, diuOlutwt~, I~quidation a simibr roceedi
p ng under u~y F~deral w staie ststute, by -o~ aga~~st any
- ont~go.; Id) an appliwtion for the appolmment of a reoerver for, or the making oi a geiu~al assgnment fo? the benetit ot creditw~ by, any Qbligor; (e1 tAe entry
- nt ~udgrt~eM agsit~st anY Oblgor: U) the esuing o( ~r1y attathrtMnl or 9srnishmeM,or,tht t7~ng ot any lien, syai~it anY propertY ot amr Obl~gor: (g) the takinp of
cwnses~ion ot eny substant~s~ put o~ the p+opert~r ot eny OWigor at tht ~~utance of sny ywemmental authority: (M the determmation by the Bank tfist s mate?i•
~i ed~rerfe d~anpe hss oocurred ~n the finandal condition o1 My Obtpw from the condrtions set forth in the most reeent ~~nsnual scasement ot su~ Oblqor
heretotwe furnished to tl?e Bank, or fromthe condition of weh Oblgor as heretotore most recently disdosed to the Bank, or that any wa.ranty, representAtion,
y cp*eif~c,ece or statement ot-sny dblgw /nt~etha oontained i~? th~s Note or notl pertaming to w in connect~on w`th Mis Note v? the 1wn e~dencsd b~r tha Note -
~ r.on~rrs an untrue fUtlrtwnt Df ri~tttNl fiCt or Onr[f'IO fUt! tMtNial isCT neCeissry in o~der t0 mBk! iht ttitementt made nOt misl~aA~r1g: n, (i1 the sss~gn-
~ r-~ent by sny Mbker of any-~quity in ~ny o/ tM Co~lat~ral witAout the prwr wrinon oonsem of tAe Bank.
~ The B~nk fAall bsve, but shsll not be limrted to, tAe idlowin~ rphti, e~ch o1 wfiitM may be extrc~sed at eny ume whetM~ w ~ot ~his Note is due: (~1 W
~ piedqe o? Vsroter this Nott and the Lollstersl and the B~nk shsll tfiereupon be rel~wed o~ all duua and respons~bibt~es hereunder and rN~eved (rom any snd all
~~db~t~ty with rapect to arfy Co!Isterol so pfedged w vuuferred, snd any pledpee or transteree shall fo? all purposts swnd m the plxe o~ ihe Bank hereunder and
~
nave ell the rghts o~ the 8~nk hereunde?: (ii) to t»nsfer the whole or sny pa~t o~ the Collateral mtn the name ot itsNl o+ ~ts nomrnee; (iii) to vote the Collateral;
!~vi co notify th~ Oblipors of ~ny.Co~iaceral to make psyment [o the 8ank of sny ~mouotc dw or to 6ecomc duc ~Aereon; lv) tu dmRSnd, we for, coll~ct, o?
~ n.,ke sny compromess w mttlems~t it deems dasirsW~ with r~ferena to ih~ Collateral, and (vi) to tske possess~on o~ tontroi ol ~ny procseds ot Collateral.
S03x e3V~ FAr,E 876
~ NOTICE: SEE OTNER S~~E FOR IMPORTANT INFORRRATION
= t~~, tS? ~~ev ~/77
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