The URL can be used to link to this page

Home My WebLink About1124 INSTALLMENT PROMISSORY NOTE >I~ IAI Amount Received S 'L-Om-~ ;flrarr fft~itrw~ 0~ ' BANK NAME Iel Premium for Credit ,:-uQ~o Li/e/Oissbility Ins. S~-~~ ~ se• a obi ~s'~ ICI pptumentary Stamps S • OFFIC AUDRE~ IDI Other Charges luemizd S LEI ,~i h~ S t-~ NOTE NO. GATED: , 19,.u.. IFI j~,rjau_~ S 2•~ IGI Amount Financed ~ ~ = t9_~ IA, B, C, O. E. FI S_~(slrs~=~~ ouE: Itil Interest S Is_TS9.73 Jw~ ~M~ ,FLORIDA IU Crttdit Investigation S ~ i PLACE:.,, IJl Other S ~QZ-- . For value received, the undersigned (hereinafter taped "Maker") jointly and severally lif IKl S e sore than one) promise to pay to the order of the Sank, at its office listed above, the Total (L) S s ,.t Paynrrits (from INI at ?ight) ot_~~,1?j_~ Dollarspayab~e in ~ IMI FINANCE CHARGE ~ ~ , .dual tt,onthty installments of S ,the first IH, 1, J, K, L) S"~ install?ttent Q4it oft . 19~, and subsequent installments due on INI Total of Payments IG ~ M) S ~.3~ ;ne,~~r Of rDaclt month thereafter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE-~~~.._% , 5 , . DUE r~....•~.r.M• . 19 The Beftk shall impose a delinquency charge against the Maker on any payment which has become due and remains in default for a period in excge tit 10 +~.,ys m ar?'prnount equal to 59fi of the amount of the principal part of [he payment in default. In the event that the Note is not paid in full at maturity, allpsy- n-:entS, ighether principal, interest or otherwise, shall bear interest at the maxinwm legal rate allowed under the laws of the State of Florda. All payments made !~ereunder shell be credited first to interest and then to Principal. however, in the event of default, the Bank may. in its sole discretion, apply any Qsyfntr~t to f :+?erest, princp?1 andlor lawful charges then accrued. It is the intention of the parties hereto that the provisions herein shall not provide directly or indirectly +r -the pa~?rnast~of a greater rate of imerest or the retention of any other charge than is allowed by law. Ii, for any reason, interest in excess of such legal rate or , charge prohibited by law shall at any time be paid, any wch excess shall either constitute and be treated as a payment on the principal or be nfuritfe~ dtrectly , ?he Maker. - The Maker may prepay the entire unpaid balance of the loan at any time. If the loan is prepaid in full, accelerated w ref financed, the Maker shall receive a , .~~und o! itie unearned portion of the interest and insurance premiums computed by the Rule of 78's method, except that the Bank shall be entitled to retain +.,mimum interest charge of 65.00. CREDIT LIFE ANO CREDIT LIFE b DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such insurance rnverage is . a,labte at tM cost designated below for the term of the credit: la? S Z for Credit life Inwrance Ibl S ~a + Credit Life dr Disability Insurance: _ M C.~eck Q Credit Life Insurance is desired on the life of - Y ~ l - ~i~~~~ i~~ t s :.i.pl a 1~~.~4•~ . fl~>>wsi>~ ~ Birthdate , x ? Credit Life di Disability Insurance is desired on Ij Birthdate - ~ - ? Cred+t Life and/or Disability Inwr~nce is not desired. 'Ja~lt ~ 1~7~ 9gnature r .s Signawre ~ZA~w,g~~ II, As security for the payment of the Note the Maker h~eby gents to the Bank a security interestin the foHowa property: ~Ot 1"' a ~ = a ~ • r•,cluding all increases, substitutions, replacements, additions and accessions thereto and in the proceeds thereof Ihereirtafter called "Collateral"1. This security •n?erect shall also secure any other indebtedness M liability of the Maker to the Bank director indirect, absolute or contingent, due or to become due, nQw ex- 'sung ur hereaftN arising, including all future advances or loans by the Bank to the Maker. i ~ The Bank a also given a lien and a security interest in all property and securities of the Maker, endorser, wrety, guarantor or accommodation party of this ~ ?vote (hereinafter referred to es the "Obligori'1, now in or at any time hereafter tOmirtg into the tontrd, custody or possession of the Bank, vrhethe~ for the ex- messed purpose of being used by the Bank as Collateral, or for any other purpose, and upon any balance or balances to the credit of any accounts, irtcludirg •~~st and agency accounts maintained with the Bank by any of the Obligors, and the Obligors agree to deliver to the Bank additional Collateral or make wch i ,yments in reduction of the pnncipai amount of the loan as_ shall be satisfactory to the Bank, in the event the aforementioned Collateral shall decline in value become unsatisfactory to the Bank. Additions to, reductions or exchanges of, or wbstitutions for the Collateral, payments on account of this loan or increases of the same, or other loans made . ? ialiy or vvltoUY upon the Collateral, may from time to time be made without affecting the provisions of this Note. The Bank shall exercise reasonable care in { custody and preservation of the Collateral to the extent required by applicable statute, and shall be deemed to have exercised reasonable care if it takes wch .~c?port for that purpose as Maker shall reasonably request in writing, but no omission to do any act not requested by Maker shall be deemed a failure to exercise easonable care, and no omission to comply with any request of Maker shall of itself be deemed a failure to exercise reasonable care. Bank shall not be bound to ~ • ;~e any steps necessary to preserve any rights in the Collateral against prior parties and Maker shall take all necessary steps for such purposes. The Bank oe its :,r:mince need not collect interest on, or a principal of, any Collateral or give any notice with respect to it. The Bank may continue to hold any Collateral deposited hereunder alter the payment of this Note, if at the time of the payment and discharge hereof any of he parties liable for the payment hereof shall be thM directly or contingently liable to the Bank as Maker, endorser, wrety, guarantor or accommodation party ,f any other note, draft, bill of exchange, or other instrument, or otherwise, aril the Bank may thereafter exercise all rights with respect to said Collateral q•anted herein even though this Note shall have been surrendered to the Maker. If the Bank deems itself insecure or upon the happening of any of the following events, each of which shall constitute a default, all liabilities of each Maker to ncr Bank, including the entire unpaid principal of this Note and accrued interest, less any unearned interest and any interest in excess of the maximum allowed > :,y law and any rebates required by law, shall immediately or thereafter, at the option of the Bank, except that the occurrence of icl or Idl shall cause automat- .,cceleration; without nofice or demand, become due and payable: lal the failure of any Obligor to perform any obligation, liability or claim to the Bank, to pay ?crest hereon within 10days after it is due, or if there is no due date, after it is billed or otherwise requested or demanded, or to pay any other liability whet- s ;ever to the Bank when due; Ibl the death of any individual Oblgor, the dissolution of any partnership Obligor or the dissolution, merger w consolidation with- ,t -,u! the Bank's prior written consent of any corporate Obligor; Icl the filing of a petition in bankruptcy or the adjudication of insolvency or bankruptcy under ,ny reorganization, arrangement, readjustment of debt, dissolution, liquidation or similar proceeding under any Ffderal or state statute, by or against any Obligor; Id) an application for the appointment of a receiver for, or the making of a general assignment for the benefit of creditors by, any Obligor; lei the entry ;udgment against any Obligor; If1 the iswing of any attachment a garnishment, or the filing of arty lien, against any property of any Obligor; Ig1 the taking of possession of any wbstantial part of the property of any Obligor at the instance of any governmental authority; (hl the determination by the Bank that a materi- al adverse change has occurred in the financial condition of any Obligor from the conditions set forth in the most recent financial statement of wch Obligor heretofore furnished to the Bank, or from the condition of wch Obligor as heretofore most recently disclosed to the Bank, or that any warranty, representation, certificate or statement of any Obligor (whether contained in this Note or not) pertaining to or in connection with this Note or the loan evidenced by this Note -:,n?ains an untrue statement of material fact or omits to state material fact necessary in order to make the statements made not misleading; or, lit the assign- ' -^~ent by any Make? of any equity in any of the Collateral without the prior written consent of the Bank. - The Bank shall have, but shall not be limited to, the following rights, each of which may be exercised at arty time whether or not this Note is due: lil to p~edge a trarufa this Note and the Collateral and the Bank shall thereupon be relieved of all duties and responsibilities I?ereur?der and relieved from any and all _,n~bty with respect to any Collateral so pledged o? transferred, and any pledgee or transferee shall for all purposes stand in the place of the Bank hereunder and nave all the rigt?ts of the Bank hereunder; (ii) to transfer the whole or any part of the Collateral into the name of itself or its nominee; jiff) to vote the Collateral; i.v) to notify the Obligors of any Collateral to make payment to the Bank of any amounts due or to become due thereon; Ivl to demand, we for, collect, or make any compromise or settlemeit ~ ;deenn desirable with reference to the Collateral; and Ivi) to take possession or control of any proceeds of Collateral. , _ f NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION Bf,~~~"~ frC{1119 r 65 752 Rev. 7/77 - _ - s~