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Home My WebLink About0450 INSTALLMENT PROMISSORY NOTE ~ . ~ ~~t `r~ lAl Amount R~ce~ved t~=,~._ BANK NAME (8) Pr~fnium Ipr Credit ' ~ti•~oassb~r~r i~:. s__ .a_ i~s! st-, los~l,da.~3J+ti~-- ~ci o~,rt»~?~~,r s~» s i4.4~-- OFFIC ooR (Dl OthK Cheryss (~t~m~za) S_ ~ • IEI S .Q~ NOTE NO. ~ATED: . 19_~ (F) S_~~.~„~,,,,~„ IG) Amount Finanted ' DUE: . 19 ~3. IA, 6. C. E, ~1 S . , IH) Interpt s PLAGB: , =a~~i , FLORIOA (u G~dit Invatiqation s -a- ' For velw T~ived. ths uodersigned Ihtrsinatta Called "Maker") jointly and sw~rally (if (J) Other s ' ~ ~.wn tMn o~is~ pfomi~ to psy to tM orda of the Bank, st in oitio~ list~d above, tM Toal (K) S ot ~y~tt~trwn fNl at righti ot jo pollars payable in~_ ~ s ~`r , ~~~s~ ltwl FINANCE CHARGE eclud'!nQnthty instsllments o( S ~/.~7 ~nsteltt~nt dw o~_~j~V 19~, and wbseque~t installments due on (H, I, J, K, L) S • (N) Totsl of Payme~ts IG + M) S ' ~ne~? of etch monM thereaittr, to9etr+er with a FINA~ BA~LOON PAYMENT OF: ANNUAL PERCENTAGE RATE ' ~'9L S ~`ri}~~~lR ~UE , 19 - , r: Tht Bs~k shall impose a deli~quency charge sgainst tM Msker on any payment which has becoms du~ snd remai~s in defsult to~ a psriod in ~xcat pf 10 ~tays Jn aA.aR?punt equa! to S~fi of the amount oi the principal part of the payment in default. In the event that the Noie is not paid in tutl st maturit~?, ~Il~ay- menti;.iNhltAs? printipal, interest w otherwise, shall bear interest at the mazimum legal rate allowed under tAs laws of the State of Florida. All pOY~p 1na~le nereuniM~ slqll be credited first to interest and lhen to principal, however, in the eve~t of default, the Bank may, in its so~e diuretion, apply sny psyme~t to ,n~e~~I; p~iAtipsl s~d/w lawful charges then acaued. It is the intention of the parties he~eto that the provisions herein shall not provide directly.or iixlir~ctly f~~~ tM'pryment ol a greaier nte ot ioterest w the rete~tioo of any other charge ~han is allowed by Lsw. If, tw any reason, interest in excess of sucl~ i~yefi~sie or a cM?g~ prohibit~d by law shatl at a~y time be paid, any such excess shall either co~stitute and be troated as a psyment on the principal w b~ rttu.ntNd di~ctly cr, the IWkK. - l1?e MDk~r ~t1ay prePaY the entire unpaid balanCe of the losn at anv time. If the loan is p?epaid in (ull, actelerated or refinanCed, the Maker SAell-raccive a ~unc~ of the u~uned portion of the ~nterest and inwrance premiums computed by the Rule ol 78's method, excapt that the Bank shall be entitled to retain m~nirtwun interest tharge oi $6.00. - CREDIT LIFE AND CREUIT LIFE &.DISABICITY INSURANCE ARE VOLUNTARY ANO NOT REQUIRED FOR CREDIT. Such inwrance cove~age is .+vadable ai the cost designated below for the term of the Credit: (a) S for Gedit Life Inwrante (b1 S ~d su~ Credit life 8 Disability Insurance: ~ Check Gedit L~fe t~wrance is desired on the lite oi ~PP~. Birthdate B~~x Credit Lite b D~sability Inwra~ce is de3ired o~ Birthdate ' ~ C~edit Li(e and/or Oisability Inwrante is not desired. Data' f~~_23~ ~Q~Y Signature = _ Signature As security for the payment ot the Note the Ntaker hereby grants to the Ban a securi m er m ing properry: ~ Lot ?.~t, s~eti«e ii, 01n~oae ~so~ra o~ ~e~? wr ~ris~s Y~,~ a~~~ ~ in_ sa~ ~rt.a~.. - ~ mdudiig all intreases, wbsti[utions, replacements, additioru and acceuions therero and in the proceeds thereof (hereinaiter called °Collateral"1. This security ~ncerest sAall also secure any otlier i~debtedneu or liability of the Maker to the Bank direct or indirec~, absolute or conungent, due or to become dye, now ez- ~snng pr hereafter arising, including all future advances a loans by the Bank to the Maker. _ The Bank is also given a lien and a security interest in all prope.cy and securities of the Maker, endorser, wrety, guarantor or accommodation party of this I Note (hereinatter referred to as the "Obtigors"1, now m or at any Ume hereaiter coming mto the rnntrd, custody or pouess~on of the Bank, whethe? for the ex- ~ p~essed purpose of being used by the Bank as Collateral, or ior any other purpose, and upon aoy balance w balances to the cred~t of any accounK, including ;~ust and agency accounts mamtained withthe Bank by any oi the Obligon, and the Obligors agree to deliver to the Bank additional Collateral w make such C nayments in reduCtion ot the pnncipal amount of the loan as shall be satfsfactory to the Bank, in the event the aforementioned Collateral shall decline in value i iiecome unsatisfactory to the Bank. ~ Add~tions to, reduct~o~s o~ exchanges of, or substitutions for tf?e Collateral, payments an account of this Ioan or ~ncreases of the same, or other loans made ra~ cially or riholly ypon the Coltateral, may from time to time be nwcle w~thout affecung the provisio~s of this Note. The Bank shall exerc~se reasonable care in ~ ,he custody and preservation oi tAe Collaterat to the extent required by applicable statute, and shail be deemed to have exercised reasonable care i( it takes wch ! ~:c~o~ for that purpose as Maker shall reasonably request in writ~ng, but no omission to do any act not requested by Maker sha~l be deemed a failure to exercise E ~easonable care, and no omission to comply with any request ot Maker shall oi itsetf be deemed a failure to exerc~se reasonable care. Bank shall not be bound to ~ ~~ke any steps neceswry to preserve any nghts in the Cotlateral against prio? parties and Maker shsll take all ~ecessary steps ta wch purposes. The Bank or its ~ ~;ommee 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 atter the payrr~t ot this Note, if at the time of the payment and discharge hereof any of ~ ihe parlies IiabM for the payment hereo( sAall be then directly or contingentty liable to the Bank as Maker, e~dorser, wrety, 9uarantor or accommodation'party of any other note, draft, bill of exchange, or other instrument, or otherwise, and the Bank may therea(ter exerase all rights wi~h respect to said Coltateral ~ g*amed he.ein even [hough this Noce shall have been wr?endered to ~he Maker. ~ I I ihe Bank deems itself insecure or upo~ the happening oi any of the following events, each of which shall consutute a default, all t~abili[~es of each Maker to ?ne gank, including the enure unpaid principal ot this Note and accrued interest, less any unearned interest and any interest in exceu of the maximum allowed ~ t>y Iaw and a~y rebates required by law, shall irtwnediately or thereafter, at the option of the Bank, except that che occurrence af (c) w(d) shall caux automat- ~ ;c ecceleratio~; without notice or demand, become due and payable: (a) the failure ot any Obligor to pertorm any obligation, liabiliry or claim to the Bank, to pay ? ~-~terest hereon within lOdays after it is due, or ii there is no due date, after it+s b~tled or otherwise requated or demanded, w to pay any other liabitity what- ! s~ever to~ the Bank when due; (b) the death oi any individual Obligor, the dissolution oF ar+y partnership Obligor or the dissolution, merger or oonwlidatio~ w~th- a out the Baok's ior written consent oi an cor ~ pr~ y pwate Obtigor; (c) the filing of a petitio~ in bankruptcy or the adjudication ot insolvency or bank~uptcy under i 3ny reorganization, arrangement, readjustment oi debt, dissolution, liquidation or similar proteeding u~der any Federal or state statute, by w against any Oh!~gor; (d) an application fo? the appointment of a roceiver (or, or the making of a 9eneral assignment for the benefit of creditws by, any Obligw; (ei the entry ~ of ~udgrt~lM tigainft a~y ObligOr, (f1 the iswing of any attachment or qa~nishment, or the filing of any lien, against any property ot any Obligor, (g) the taking oi ; F Possessio~ of any wbstantial part of the property o( any Obtigor at the irutance ot any governmental authaity; (h) the dete~mination by the Bank that a materi- ~ al adverse cAange has oocurred in the financial condition of any Oblgw /rom the conditions set tonh in the most recent financial stetement of wch Obligor ' 'i he etofore furnisNed to the 8ank, w irom the condition of wch Obligor as heretotore most recently disclosed to the Bank, or that a~y vrarranty, representation, ~ ce~t~ficate or statement of a~y Obligor (whether co~tained in this Note o? not) pertaining to w in connection with this Note or the loan evidenced by this Plote ~ c~ntaim an untrue statement of material ixt or omits to state material fact necessary in order to mske the statements made not misleading; or, (i) the auign- $ ment by any Maka of any equity in any of the Coilateral without the prior written coosent ot the Bank. ~ ~ The Ba~k shall have, but shall not be limit~d to, the fdlowing rights, each o( which may be exetcised at any time wiuthe? or not this Note is due: (i) to ~ viedge or transfer this Note and the Collateral and the Ba~k shall tl?ereupon be relieved of all duties artd responsibilities hereunder ar?d relieved from a~y and all ~:ab~lity with respect to any Collate?al so pledged w transfsrred, and any pledgee o+ transfe~ee shall for all purposes stand m[he place of the Bank hereunder and ~ nave all the rights of the Bank hereunder; (ii) to transfer the whole or any part o~ the Collateral into the name of ~tself or its nominee; 4iii) to wte the Coflateral; ~ I~vi [o notity the Obligors of any Collateral to make payment to the Bank ot any amounts due or to become due thereon; (v) to demand, we for, collect, w € make any compromise or settl~me~t it deert~sd~s~ ~a61e with roterence to the Collateral; and (vi) to take posseuion or control of any proceeds of Collateral. • 1yyl,. t .r ; Bo~K ~z 4~ ~ NOTICE: SEE OTHER SIDE FOR IMPORTANT INFOFiMAT10N PACE ~ FBS 752 Rev. 7/77 ! . _ - - - - - - - ` w:>~ µz ~ ~ n r~y ~ ~ ~ - ~ ~