HomeMy WebLinkAbout0536 INSTALLMENT PROMISSORY NOTE ~
FIRST NATIONAL BANK OF FORT PIERCE ~N s 3. 000. 00
BANK NAME (8) h~ewum (or Cndit 219. 24
ur.ia~ara s
Post Office Box 9?0 Fort Pierce, Florida ~c~ ooa+m«?u*rsu~as s 4_ 95
OFFICE AOORESS (0) OtMi Char~s (it~rnizd i.Tene
• : none
NOTE NO. w?Teo: January 23 , 19~.~. (F1 ' S AOAE
~w ~"'°""t F""""° 3 224 19
oue: Januarv 23 ,1982 , s, c, o, E. Ft s 0. 09
IHI Ine~ntt t
v~nce: - Fort Pierce . FLOEi1W? In c?.at ~"r«t'~.u°" s 2~_ ~0
U) OtMr s none
For valw nc~iwd. th~ ur~.si~r»d (AKNnsfcK cslNd "Maku"11oinNy sod sw~slly (if (KI s nnne
mor~ ihsn on~I promis~ to psY To tM ordN of tM 8~nk. at ia offip lisad ~bov~. tM ToW
ot Paym~nts Itran IN) at r~t) ot ~3. 950. 28 po~~rs osysbN in 3~ « = ne ~
~~~i Rw~+cniy ~~:~~i~a of s 109. ?3 .~n. ~i.sse IM1 FINANCE CHAR(iE 726. 09
~H, K, u s
~~:~a~~m~t dw on Feb. 23 ,~g 7~, snd ~„e~wni ima~~arna dw on (N) ToW of Payma~a (G + M1 s~. 950. 28
the~_dsy ot ~seh month tA~ftK, cog~ch~r wich a F~NAI eA~~00N PAY~AENT OF: ANNUAL PERCENTAGE RATE 1~. 7A %
S nOne DuE none . ~g
Th~ 8snk shsll impos~ s dNinquN~cy chsryt s~simt tM Mslur on WY~c ~~N ~~~~~~+It for a q?iod in ~xca~ of 70
days in an ~tlwunt pt1s) to S% of tM s~nount of th~ princip~t part of th~ psymMt in dtfsult. In the wa?t thst IM Nott is not pad in full at nptwiq, s~~ psy .
menc:, wMthK pineipsl. intK~st o~ oth~rwis~. sh~ll bar inc~nst a~ ch~ msximum 1~1 na Nlow~d undu ~ Isws o~ d» Ssaa of Floridr. All paynNnts m~
hereund~r shsll b~ u~diad titst to interKt snd tMn to prineipil. hwNVa. In tM ~~t ot d~fsult. tM BaeJc rosy. in itt soN disention. apply anY psyma~t W
inte~est, principsl and/o~ I~vfu1 chsrg~ th~n sa~wd. It it tM intMtion of tAt psrti~ Mr~to that tM pronisions l+~rein shsll not provid~,dinetly or indiAttly
for th~ payrtMnt of s yrptK na of inta~st or th~ nt~ntion of ~ny othK chsrg~ thsn is sllow~d bfr Isw. lf, for sny nsson, intaest in ~xoas of weh IepM ~~te o'
a cha~y~ prohibitM by Isw slull st any tirn~ b~ paid. ~1y fYCh fxqtt fh~ll f1thN C011ttitUtf ifld bf t/l70~d i~ i p~ylTMflt 01~ ih! p~illCipM Of bf fNYr1~d dK~Ctly
to the MdcM.
Th~ Nyk~t n+sy prpty tM ~ntin unpsid bal~not of tM loan at sny taM. If tM loan is pnpsid i~ full, aoc~Mrsad w rtfinsnc~d. th~ Msket fAsll no~iw s
reFund of th~ un~srned portion of tAe intetat and inwnnct pnmiums computed by tM Rule of 78's method, ~xapt thst th~ Bsnk shall M erNitl~d to ~tuin
a minimum int~rest thsrge ot s6.~.
CREOIT L1FE AND CRE~IT IIFE 8 OISABIIITY INSURANCE ARE VOLUNTARY ANO NOT REQUIRED FOR CRE~IT. Sud~ iinursnce covKSps is
availabl~ st tM cote dai9naud bNow for M~ tKm of the aedit: (a) S none for Gedit Li(e Inwranc~ Ib) S 21 2'4
fo~ Credit l.ite b Dissbility liuursnot: ' . -
Check ? C+edit Lii~ Inwrsnte is desired ~ tM lii~ of
Appl. BirthdiLO
Box ~ Gedit Lite & Oisability Inwranq is desired on Jo seph J• BTOWII
•eutna,c~ 10/19/44
? Credit lite and/w D'asbility Insuranoe is not desired.
ni
~ace: Janua_r~ 23~ 1979 Sgnature
• SigtWture '
As securiiy fw ihe psyment of che Note the Maker hereby grann to t nk a urity in t in tAe tWlowing p.oparty
SECOND MORTGAGE ON REAL ESTA E(See ove fox le~al description)-------------
including all incrtises. wbstitutions, repl8ternentt. sdditions snd sottssio~s theteto and in the prooedc drcreof lhereinafar plled "Colbatsl"1. Thi~ security
j ~nteresc shall slso s~ture any oMer indlbtedMSS ot lisbility of the Maker to d~e Bank dirlct Or indirett, sbidu[e Or contingene, due or to beCw~N du~, now
~ isting or herpitlr arising. intludi~g all future sdvantes o~ losns by the Bank to the Msker.
i
E TM Bank a slso giwn s lien and s security interat in ~II property and securities of the MskK, endona. wnhr. gwrsntor w aowmrtwdatio~ psrtY of this
Note (Mniroha nf~.nd to ss th~ "Oblyors"1, now in ai at sny tims heratcN coming into c1~ eontrol, wsrady or poms:ion of th~ Bank, wMtMr for the ex-
~ press~d purpw~ of 6~iny us~d by th~ Bsnk ~s Coll~te.al. o? for any other purpose, a~ upon any bolu+ce or bahecas co the u~dit of any socounts, includiny
cruss snd sy~ncY scoouna m~inaind wichtM 8ank by sny of th~ Obliyas, snd tM Oblipon sgre~ to dNiwr to tl~e Bank sdditionN Co11atKM o~ rr~lce wch
pavm~nts in reduction of tM pineipsl amount af ihe losn ss shall be sstisiactory eo the Bank, io th~ evsnc d~s sforsnwntiawd Collatersl sh~ll dedin~ in wlw
o. betome urwtisisctory to tM Bank. - .
Additions to, nductions or ~xd~sngss of, o~ wbstitutia~s tor th~ Collatenl, payrt~ee~ts on socount oi this loan or increa~s of tht s~, ar othM losns mad~
partially or wholly upon ds~ CollatKal, msy from tirt» to tim~ b~ msd~ without sftscting eht prwisions of tha Note. TM 8anksl+sll ex~rcis~ re~sonal~b care in
che custody and p?~vation o( tM Col1sU?sl to the ~xant rpuired by spplicabl~ statuts, snd tAsl1 b~ dsamed m hs~ acucis~d r~sonablt tsn if it tskes such
a~tion tor that purpow ss IM~k~r shs11 re~orably rpu~st in writing, but no omission co do any sct nat req~MSted by Mslcer sha11 b~ d~emad a isilun to exs~cis~
reasonable pre, u+d no wniuion to oompty with sny requat o~ Mska shall oi itself be d~smd ~ failun to exacis~ reasonable csn. Bsnk shsll not b~ bou~+d to
take srry steps n~y to Pr~ ~y in d~e Collstersl syai~ut prior psrtias and Maker shsll qke all rNteswY steps for wch purposes. Th~ 8ank or its
r.ominee nsd not ooll~et intKast on, w a prineipsl oi. am? Cdtam~l w giw any notia witN r~sp~et to it.
The 8ank rrny continua to hold sny Cotlstt~sl d~wsited henunder afte? the paymsnt of Mis Note, if st the cimt of tM payment and dischupe hereof any of
che parties IiabN for th~ psyrt+ent heroof shsll b~ tMn directty or conting~ntly liable tp th~ Bank as Maker, endorser, sweri. guxanta or socon+rt~odstion party
• of any othe? not~, draft, bil{~ of exd+sn~, or otht~ irmrwntnt, a otl~wist, and tl~ Bank rtay thaeafter exacise sll rights with re~p~ct to ssid Collaural
granted l+erein ewn thouph this Noa shsll hs~re bNn wn~~d t0 d» Mskar.
If th~ Bank deems itself ins~ture or upw~ tM happ~ninp of sny of tAt followirg ~vents, escfi of whith sh~ll tonstitut~ a dtiault, all liabilities of NcA Maker to
tne Bank, includinp tM'antin unpsid p~incipsl of tl~is Non ~nd accrued '+nn~est. leu arry un~arn~d inqr~st snd anlt interese i~ ~xceu of th~ rtnxirtwm sllowed
by Iaw aed a~ny rebat~s requind by law, shsll imnrdately or d~esfter, at th~ option of th~ BaMc, ixcept that tM oocurr~nce of (c) or (d) shall caus~ sutomst-
~c accekra[ion: without notia o?d«n~nd, bsoo~n~ dw ~nd DWaWr Is) tM tailuh of sn~? Obli9or to paform any obtigation, lisbilicy w daim co tM Bsnk, to pay
interest hereon within 10dsys sfta it is dw, of if iMn is no dut dst~, sfter it is bilbd or oth~wif~ rpi~sted or demsndsd, or to psy sny other liability wh~t-
~ soever to th~ Bank wh~n dw: (b) the death of sny individusl Oblga, tM dissolution ot snY psrtn~nhip Obli9or w the dissotutwn, nMr9er w oon~olidstion witl~-
out the Bank's priw w~ittan tonstnt of soy corpwatt OWigor: (c) ~tM filing of s pttition in bankruptty or the sdjudication of inwlvency a bsnkruptcy under
~ any ,reorgsni:acion, arrang~nt, nsdjustm~nt of dsbt, dissolution, liquidstan a simifu proes~dirg wder srM? Fidersl a stst~ sacua, by_ or syainst any
Obligor, (d) ao sppl~cs[ion tor the appo+ntmMt of s nwiver fw, or ths mskin9 of a g~n~nl asignm~ne for d~e bMefi[ et cnditas by, sny Obliga; (~l tM enW
~ of judym~nt agsiMt any Obli9or: (f) tfN iswirg of ~ny stt~chm~nt or ysrnishnfNtt, or th~ tiliny of~sny lip1, aysinst a~ry? poperty of sny Obtigot: (g) th~ tski~y of
~ posseuion of any wbstancial pa.c of tM prop~rty ot ~ny Obligor st cM inscsnce of any go~nrMntsl wtherit~r: (hl tl~ determination by cbe 6udc thst s macari-
~ a1 adrars~ d~angs has ocevrnd in the fi~ancal condition of snY Oblga from tM conditions set forth in tM most recent tirw~cial satern~nt of weh Oblgor
haretofore furnishad to th~ Bsnk, a trom tM condition o/ weh Obligor ss Mntoton most reo~ntly dixlo~0 to the Bsnk, or chst any vwrnnty, repraenbtion,
~ cer~if~caa or ststerrient of ~ny Obligor (wN~tl+w oontain~d in ihis Noa or not) p~.esirrinp co or in aonmetion wid~ chis Noa or tM loan ~videeo~d by this Noa
contains an unt~w satement o~ mstaiat fsct w omib to stsa mstarisl tset mcKSSr~? in wder to mske the ststements R~ade not mislpdirg; d, (i) the assiyn-
ment by any Make~ of sny aluity in ~?y of tM Collatersl without tM priw written consent of th~ Bank.
The Bank shsll hsw, but iha11 noc b~ limit~d to, tM followirg righa, e~d~ of whi~h may b~ ex~.cis~d st any time wMchr w noc Mis Non is dw: (il to
D~ed9~ o~ trsnsie~ tAis Nott and tM Collaural snd th~ 8ank shall thaeupon b~ reli~wd o1 all dutih and re~po~sibilities heraunde~ and rNieved trom arry s~d all
~ubility witA .esptet to sny Coltst~ral so ptady~d or asnsiared, and sny pl~d~e~ o~ transfpe~ shall for sll purposes sbnd in the plsoe oi th~ 8ank hKeundK snd
have atl che riyhts of the 8ank herwnd~: lii) to usnsfM tht wAol~ or aml pxt of qw Collsteal into tM nsrtN o~ inelf d its nanitw: {iii) to ron cM Colb[ers1:
~ co no~ity th~ Obliyon ot any Collscenl to msk~ payment ~o U+s 8snlc of sny amounn dw o. to baooer~ du~ clweon; (v) to demsnd, sw tor, oolleec, w
~ maki s~y comp~om~» w s~ttl~ment it da~ms dairsbN with ref~renw to tht CollsarN: s~d tvi) to akt possession w co~trol of sny poo~sds ot Co~lsteal. ~
~ _ d00x 302 QaC~ 5vV i
NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION
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