HomeMy WebLinkAbout0532 INSTAL~MENT PROMISSORY NOTE
FYRST NATIONAL BANK QF F~RT PIERCE ~'"O1"' ~""'d S 5. 000. 00
si1NK NAME (8) PrNniunllo? G~dit
UfNpis~bllity Ina s
Post Office Box 970 Fort Pierce, Florida _ lc1 0«~~,~arysun~u S 5
oFF~c nooaESS . lol ocn.. a~uy.. (cc.mu.) S none
ie1 s none
NOTE NO. DATED: Januarv 23. ,19 7~, .~F~ s noAe
1~3! Aenount Fintne~d 5, 00~. 65
ouE: - Januarv 23 ,»83 , lA, e, c, o, E, F1 s
495. 55
P~ACE: Fort Pierce ~ FLORIDA c..aie awat~.c~a+ = 20. 00
u~ oen.~ = none
Po. valw nc.~v~d. en. undKSipn.d (n«.in.tn. ca1Nd "Msk..~') io~ndy s~+d ~vKMh (~i IK) t none
mor~ tMn on~) promia co psy to tM ordK ot tM BN~k. ~t ia oflip~ li~t~d sbov~. dN Toal
otPaym~nat~ron~INlat.~tlot-~6.523.20 ~~,~,p.y,bw;~ 48 ~v : none
~yual nw~thhr iratstlnwna ot = 1~ S_ 4A t~t IMI FINANCE CHARGE ~ r~ ]ra. 55
y (H, 1~ J, K. U S
~n:tsl~n~nt du~ on Feb_ 23 .19~. snd subNqwnt insWlnMnq dw on - (N) ToW oi Paym~nq (G + bU s 6~ 523_ 2Q
~he_~,.dw ot ~ aweth th~~sttK, to~tl~ with s FINAL BA11.00N PAYMENT OF: pNNUAL PERCENTAGE RATE 13_ 63 ~
5 none oue ~ none . ~a ~
Tn. e.~k ~i N~o~.. e.+~,ow~ev d~.r~..~~e d~. M.kK o~ .m wvm«+t wn~ na b.oo~,. a~,..~a d.rs~it ro.. a«~od a to
daya in M+ smount pual to SXi of tM amount of tAt printipsl psrt of th~ p~ym~nt in dtfsult. In M~ w~nt thst tht Noa is not p~id in tull st n~twity, ail psy-
ments, wMtM. priecip~l, int~ntt or othKwis~, sAall bar ints~at at tM msximum 1~1 nt~ sibw~d undN tM Isws of tM Sbt~ of Florids. All p~ym~nn e~ '
hereund~r thsll b~ tndiad firtt to intK~st snd thu~ to prinapN. how~wa. in tM w~nt of dNault, th~ 8snk miy. in its sot~ disuttion. apply anY ptyewnt to
~ncsr~st, priocipal and/a Iswful cha~ tMo aouwd. It is tM intmtion ot~ tM ptrtiu hK~to thst tM provisioes hKeio sAa11 eot provid~ dir~ttly w indH~ctl~?
fOr thf p~yrtMllt O~ a~NtK rst~ of int~rat w tM AtMtion o( sny othK chs~p~ thi~ is ~Ibw~d by I~w. 11, fOt ifly flafOfl, Illt~tfft ifl fxpff Of fuC111~11 rit! O?
a chs~ prohiblt~d by law shNl ~t any tim~ b~ Piid. ~nY wch ~xoas shatl eich~. eonsricuc~ and b~ tnaeed a~ s paym~nc on tM prineip~l w_b~ nfundd dihttly
to the M~IcM. • . . ~
TA~ N4kp may p~~Wy th~ ~n~in unpaid bilanoe of tM losn at ~ny tim~. If th~ losn is pr~paid in iull, s~sted or refinsnpd, th~ Msker shill noeiw a
retund of tM un~nad pwtion of tM ina.at and inwrsnct pnrniums canpund by th~ Rul~ o( 78'~ method, acoept Mst ths Bsnk shsll M~ntitl~d to retsa~
a menimum intlrpt d~uyf 01~
CRE01T ItFE ANO CREOIT LIFE 8 OISABILITY INSURANCE ARE VOLUNTARY ANO NOT RE~UIREO FOR CRE~IT. Such insuqnw aonerayt is
availabN st tM eost d~siynated b~low tor th~ t~rm oi tM v~dit: (sl S none for Qr~dit Liit tnw~anq (b1iS none
for Cr~dit 4h a Oitability Ir~a~: ~ -
Check ? Cndit 4fa Inwranc~ is desired oerth~ tife of
qpp~_ Birthdst!
Box ? Gedit 4fe ~ Disability Inwrancs is desired on
~irthdate ~ ~
~ Gedit Life a~+d/or Dis~Dility lownnce is not desi~ed. '
oac,: Janvary 23, 1979 sg,,,~11fe
~ ,
Signatun
As s~curity fo~ tM payment of the Nots tM MakK henby yrs~ts to tM Bsnk a s~cwity interat in the toltowing propKty:
SEC~ND MORTGAGE ~N REAL ESTATE__(See over for le¢al descrigtion)--------------
~ inciudirg all incr~pes, wb;titutions, nplso~n+ena, sdditions snd aoassions thereto and in the procecds thNeof (hereinafta csN~d "Collscarsl"1_ Tha s~cv.ity
j interest shsll slsp atun sey oth~ indebndn~ w lisbility of tAt Maker to the Bank dinet or indinct, sbsdute or contingent, due or to b~eortw du~, naw ex-
~ ~sting o~ h~rNttu siisinp. indudi~g all fu~rs sdvM~as or losns by tAe Bank to ths Mskt?. ~ -
E Th~ Bank is Nso yiv~n a ti~n snd a~rity interest in all propKri and seairi[i~s of th~ MskK, endona~, wmcy. guanntor or soeomn+odstion p~h of this
~ Nou IMnin~ha nternd to si tfM "Obliyon"1, now in or st sny tirr~ henah~r oominy i~to [ha control, wscody or possession of tM Bank, whetMr fo~ th~ e~c-
~
~ p~esa~d purpoa ot Darg us~d by tM BMk a~ CoilstKSl. w fo? ~Y oMw P~rPos~, snd upon snY bslanu or balanc~s to th~ credit o( sny saoums. inek+din4
€ trutt snd ap~ney acoounts nqiets~rnd wid~tM 8~nk by sny ot tl~ Oblipori, snd da Obligon sgre~ to dNiw? to the Bank sdditionsl Collsunl or matc~ wd~
paYmMts in nduction ot tM p~indpal smount of tM toan as shsll b~ sstisfsctory to the Bank, in tM went the aforem~ntioned Collstenl shall d~d'ar a~ valui
o. beeorn~ urwYafsetory to tM 8artk. .
Addicions to, nductian or exchsnga of, or substitutions for tM Collamal, psym~nts on socoune ot this loan or incress~s oI the s~m~, a oths~ to~rn m~d~
• partislly a wholty upon tM Coltanral, n+sy from tin~e to tinw b~ rnsd~ withovt sHectieg th~ provisions of Mis Not~. T1N Bank shsll exercis~ ressonsDN care in
~ the cu:tody ~nd prauv~tion of ths Co1latKSl to the ext~nt requiretl by applicsbl~ sqwt~, and. shNl b~ deuned to haN ~x~rcised ressonsWe esR if it oks wd~
ac~ion tor thst purpoa a Msker shsll rwsonably rpuat in writing. but no omission to do sny sct not rsquesiad by Make? shsll bs daem~d s is~un to exaci~
reasonabl~ ar~, snd no onwsfion to comply with sMr nqu~st of Maker shsll of itsNf b~ d~em~d a failur~ to ~xercis~ reasa?aWe ar~. Bank slall not b~ bauwf to
cake any steps necesWry to preserv~e snY ~ight~ in tl+e CoUst~af spsinst prio. putia-snd Maka shall qke sll neo~ssary steps iw wch purpos~s. The Bank or its
nomint~ r~l not colbet int~rest on, or s principal of, any Collatenl w~iw any notip with n~aet to it. -
Th~ Bank msy tontinu~ to hoW sny Collaanl d~ositd MreundK ~ftsr tM payment of this Note, if at Me time ot the payrne~t and diseJ~u9s hsnof a~r of
the partiss IiabN fw the paym~nt Mrwf ~hall b~ th~n dinctly o? conting~ntly fybl~ to ths Bank as Msker, eedo~, wnty. 9usnntw or aocasmodstion psrty
'ot any ocbe. nou, dr~i~, bitl o( ~xd++~, o? otMr watrum~nt, w othKwis~, srd dr Bank emy tMnsfur exe.eia sll righa.with n~paet to said Col~ataal
g~anttd hNein ~v~n thagh this Not~ ~hsll hav~ 1wn fu~tN~dersd to tl~ IMdw.
~ If ths Bank dsKns itsNf ins~cun or upon the hspp~ning of ~+ny of tM followirg twnts, iaeh of whieh shall cormituts a default, a111iabilicia ot ~sch Malcer to
ihe Bank, including tM ~ntin unpsid principsl of this Not~ and scuu~d inttrat, Ihs sny un~srn~d inte~at and sny interest in excess of the maxirt~wn albwed
~ by law snd sMr nbata requind by {sw, shsll inre»duWy,or d?erafcN, at tM option of 1M Bank, ~xqpt that chs oocurrence of (c) or ld) sball caus~ sucom~t-
ic attelerstion: v~thout nOY~a dertwld, b~eonl~dlN and p~ysbri: (s) tM isilur~ of My OblipOr to f~rfo/m anll oWigsti0n. lisbility Or dsim to th~ @ank, to pay
~ interest h~rlon witl~iri ~Odsys ~fter it is dw. a if tfi~n a no du~ dsa, sfta it is bilhd or oMKwis~ rpwst~Qo. demanded, or to psy smr odar liabiiity wl~at-
~ soever to th~ Bsnk when dur, (b) th~ dssth of sny individual Obli~or, the dissolution of sny ps.tnanhip Obligor ar the diuolution, merg~r or oonsolid~tion widr
ouc chs Bsnk's pr'ai written consent of a~ry corporsa OWigor, (c1 th~ filiny oi s p~tition in bmknpuy or ~Ae sdjudicscion of insolvency or bankrupu.y unde.
any reorganirnion, u~sngemMt, rpdjustment of debt, di~olution, liquidation w similx proceedinp under sny Federsl w stsp ststuM, by o? sgsi~ut arry
~ Obligor; (d) sn sppliptian fo? tM sppointrmnt of s npivrr iw, or th~ making of i yNwnl as~ignmant for 1M ben~fit of ueditort by, sny Oblipor; (tl tbe ~ntry
~ o~ judgirnnt agairqt any Obligor, (t) t1N asuing of sny attsehment a 9srnishm~nt, or tM filiny of any lien, sgsintt anY pro~ty of any Obli4or: (9) the tskieg of
possession of sny wbstsntial pKt of cfa prop~rty of sny Obti9w st tM insqnn of sny yo~rnm~nW sutharity; (h) the determinstion by che 8s~ic thst s matwi-
at advers~ cNang~ has occurred in th~ fimncisl oondition ot m~ Oblipw irom the condicions s~t fath in th~ most recent tin~ncial mtNnent of wd~ Obli~a
heretofor* furnislwd to tht 8snk, or from the eondition of wth Obligor ~s heretoton most roqntly disdos~d to the Bank, or that any vrs.ranty, np?~ucion,
certifipt~ a sataernnt of any Oblgw (whethM oontsirnd in this Not~ a ~wt) prrtaininp to or in oonn~ction witfi this Nota o? tM laan ~vide~w.~ed by tha Not~
conraeret an unuue sqtement oi mat~risl faet or omiri to stat~ material fstt rncassty in ord~r to mak~ th~ ststsm~nts mads not mistpdirg; w, (il th~ sssign-
men[ by any Mak~r of sny puity in any of tM Colbtersl without tM prior writan conant of tt+~ Bsnk. ~
TI?~ Ba~k thall havt, but shall not b~ lirtsitrd w, d~. followinp rgha, ~ac1~ of which msy b~ sxercis~d at any tim~ wMt1+e~ w not this Noa~ is dus: G) to
pled~ W ttan3fM thiq NOU ~nd thf COllsterd and tM Bsnk shall tlwreupon b~ rNi~wti of alt dutia and rhpons~bitities henur~r snd ~Niewd f~om srry and all
I~ability with resp~ct to ~ny Co1latKal so Pl~dp~d o? mrafM~d, snd sny pl~N a t?snstaN shsll for sil purpo~es sand in ehs plsce of tM Bsnlc Mrwi~da and
~ havs sd tl~e riyha of tM Bsnk hK~under; (ii) to transf~ cM whot~ o? sny psrt of tM CollaterN into t!N nsm~ of iwH w its nominr; (iii) to wt~ tM Collaceral;
~ (~•r) to ratify ths Oblgas oi sny Co1lstKS1 to m~lc~ psyma~t to th~ 8ank of any smounts dw or to beeomi du~ tMnon: (v) to dNnsnd, sw (a, oolbct, a
make any cortp.omia w attlenrnt it d~ms dairabl~ with refK~ to th~ Collsanl: and (vi) to ak~ poss~ssion o. control of sny pocsd;~y~IN
U~R ~2 F:~
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- _ . - - 9.,GK
NOTICE: SEE OTHER SIOE FOR.IMPORTANT INFORMATION
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