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Home My WebLink About1693 INSTALrLMENT PROMISSORY NOTE ~k IAI Amount Recewed : ~e~+~ FLANK NAME IBI Premium for Credit i't/yk life/Disability Ins. fj ~1 1~~ ~+LJ~f1f~ ~tia ~ IC) Docuntsntary Stamps E • OFFICE ADDRESS (DI Othe? Charges litemtta) S~ lEl s. NOTE NO. DATED: ~ . 19~• IFI s ' IGi Amoum Financed DUE: 1~~ 1 , t9~. IA, 8, C, D, E, FI S tstL.~+~ IHI Interest :S L~.:.#~tSA PLACE: ~ ~ ~ ,FLORIDA 111 Credit Investigation S IJl Other : "a• For valor received, the urderspned (Mreinafter called "Maker") jointly and severally lif lKl S ,Wore than one) promise to pay to the order of the Bank, at its office listed above, tM Total of Payments (from (N) at right) of ~Qa1~.~0 Dollars payable in ILI S iM) FINANCE CHARGE e<lual monthly installments of S ~ e~ ,the tint u ~i t iH, I, J, K, LI S ,nstallmertt due on 1 , t9 and wbsequent installments dw on INI Total of Payments (G + M) S the 1~day of estdt month thereafter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE ' % $ , DUE - . 19 . The Bsnk shall irr>nOSe a delinquency charge against the Maker on any payment which has become dw and remains in default for a period in tztxss of 10' Mays in an amount equal to 596 of the amount of the principal part of the payment in default. In-the event that the Note is not paid in full at maturity, $II pay- rnents, whethe? Qrincipal, interest or otherwise, shall bear interest at the maximum legal rate allowed under the laws of the State of Florida. All payments made. Hereunder shall be credited first to interest and then to principal, however, in the event of default, the Bank may, in its sole discretion, apply any payment tp interest, principal and/or Iawfu! charges then accrued. It iS the intention of the parties hereto that the provisions herein shall not provide directly or indirectly . r„r the psyrltent of a gfeater rate of interest or the retention of any other charge than is allowed by law. It, for any reason, interest in excess of wch legal rate or . charge prohibited by taw shall at any time be paid, any such excess shall either constitute and be treated as a payment on the principal or be refunded directly. t o the Maker.. . The Meket•.may prepay the entire unpaid balance of the loan at any time. If the loan is prepaid in full, accelerated or refinanced, the Maker shall receive a ~~~fund of the unearned portion of the interest and inwrance premiums computed by the Rule of 78's method, except that the Bank shall be entitled to retain minimum interest Charge of $6.00. . CREDIT LIFE ANO CREDIT LIFE & DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT- Such insurance rnverage is ,va,lable at the cost designated below for the term of the credit: lal S 1•~~•~ for Credit Liie Inwrance Ibl S tu, Credit Life tat Disability Insurance: check ~ Credit life InsuranceMis desired on the life of 1ppl. ~ ~ae~•w " 1~ Birthdale f3 ,x ? Credit Life & Disability Insurance is desired on Birthdate ~r ?*Cr~edit life and/or pisability Inwrance is not desired: Date !!~'7 ~ 117 Signatur~ Signature J' As security for the pa rnent of the Note the Maker ht;reb rants to the Bank a security interest in the followrng property: =n I=3 o~tTTCOOa aft ~,ra 1? BZ'lf.~ IsLU~ a ifresilrri i. aal+i ..ss~api including all increases, substitutions, replacements, additions and accettions thereto and in the proceeds thereof (hereinafter called "Collateral"!. This security ~n;erest shall also secure any other indebtednesx or liability of the Maker to the Bank direct or indirect, absolute or contingent, due or to become due, now ez- :sting or hereafter arising, including all future advances or loans by the Bank to the Maker. The Bank is also given a Gen and a security interest in alt property and securities of the Maker, endorser, surety, guarantor or accommodation party of this j No!e (hereinafter referred to as the "Obligori'1, now in or at any ume hereafter coming into the control, custody or possession of the Bank. whether for the ex- pressed 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, including t: ust and agency accounts maintained withthe Bank by any of the Obligors, and the Obligors agree, to deliver to the Bank additional Collateral or make such ~ ;~,,yments in reduction of the principal amount of the loan as shall be satisfactory to the Bank, in the event the aforenxntioned Collateral shall decline in value € t,ecome unsatisiaCtwy to the Bank. Additions to, reductions or exchanges ot, or substitutions for the Collateral, payments on account of this loan or increases of the same, or other loans made p~~t,ally or wholly upon the Collateral, may from time to time be made without af(ectirtg the provisions of this Note. The Bank shall exercise reasonable care in the 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 such act,on 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 ~easortable 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 t ,;,lee any steps necessary to preserve any rights in the Collateral against prior parties and Maker shall take all necessary steps for wch purposes. The Bank or its r,cm,nee 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 after the payment of this Note, if at the time of the payment and discharge hereof any of the parties liable for the payment hereof shall be then directly or contingently liable to the Bank as Maker, endorser, surety, guarantor or accommodation party :,t any other note, draft, bill of exchange, or other instrument, or otherwise, and the Bank may thereafter exercise all rights with respect to said Collateral y•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, eaclt of which shall constitute a default, all Iiabilittes of each Maker to the Bank, including the entire unpaid principal of this Note and accrued interest, less any uriearr?ed interest and any interest in excess of the maximum allowed y squired by law, shall immediately or thereafter, at the option of the Bank, except that the occurrence of Icl or d shall cause automat- by law and an rebates r ~c acceleration; without notice or demand, becomedw and payable: lal the failure of any Obligor to perform any obligation, liability rx claim to the Bank, to pay x 1 ;^terest hereon within lOdays after it is due, or if there is no due date; after it is billed or otherwise requested or demanded, onto pay any other liability what- s-:ever to the Bank when dw; Ib1 the death of any individual Obligor, the dissolution of any partnership Obligor or the dissolution, merger w consolidation with- ~~ut the Bank's prior written consent of any corporate Obligor; lcl the filing of a petition in bankruptcy a the adjudication of insolvency or bankruptcy under - ,ny reorganization, arrangement, readjustment of debt, dissolution, liquidation or similar proixeding under any Federal or state statute, by or against any - Obl,gor; Idl an apptiwtion for the appointment of a receiver for, or the making of a general assignment for the benefit of creditors by, any Obligor; lel the entry - os judgment against any Obligor; (f) the iswing of any attachment or garnishment, or the filing of arty lien, against any property of any Obligor; Igl the taking of possession of any wbstantial part of the D?operty of any Obligor at the instance Oi any governmental authority; ih) 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 conrtectlon with this Note or the loan evidenced by this Note con±ains an untrw_ statement of material tact o? omits to state material fact necessary in order to make the statements made not misleading; or, (i) the assign- € merit by any Maker 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 any time whether or not this Note is due; lil to pledge or transfer this Note and the Collateral and the Bank shall thereupon be relieved of all duties and responsibilities hereunder and relieved from any and all ,ability with respect to any Collateral so pledged or transterrsd, and any pledgee or transferee shall for all purposes stand in the place of the Bank hereunder and have all the rights of the Bank hereunder; liil to transfer the whole or arty part of the Collateral into the name of itself or its nominee; (iii) to vote the Collateral; (.vl to notify the Obligors of any Collateral to make payment to the Bank of any aritounts due or to become due thereon; Ivl to demand, we tor, collect, or make any compromise or settlement it deems desirable with reference to the Collateral; and lvil to take possession or control of any proceeds of Collateral. i i NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION a,(!~X VU~ f: CE167J ~ r BS 752 Rev. 7/77 p~pp'~n~~ Via, ~ ~ Its ' ~