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Home My WebLink About2252 • ~STALLI~I~NT PROMISSORY NOTE ~ - 3 ~ ' IAI Amount Recewed S iT'~ ~ + ;T~ BANS-t~7AM~~~ • ' ~ (8) Premium for Credit • ~ Life/Disability Im. S lCl Dovenwntsry Stamps Z O A ORESS - 101 Other Charges (itemize! S ' • I El : w,w NOTE NQ.. DATEO- , , 19 7~ IFI S • ` - 1 . IGI Amount Financed DUB: 1 . 19 IA, B. C, D. E. Fi S~Z • (H) Interest Z -•--wr---r-+-r r : PLACE• ,FLORIDA (11 Gedit Investigation Z • - Ili Other S For tiakte received, tM undersigned (hereinafter piled "Makei Jointly and severally (if IKI S more than one) promise to pay to the order of the Bank, at its oifics listed above, tht Total ~T- - ~ ot Payrnlnti (trtxit iNi at right) ot~~, Dollars payable in IU s e~tual.trgr~thly installments of S~~•~ ,the first IMI FINANCE CHARGE ' IN, I, J, K, L) S ,s ~t 1 - • ~ , 19 » .and wbsegwnt installments due on (NI Total of Payments lG + M) S ~ ~ - thetftiy of each rrtont)t thereafter, together oath a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE % - $ DUE -rte-~ err ' t9 , TM Bank !frill impose a delinquency charge against the Maker on arty payment which has becortfe due turd rsmairn in default fa a period in exoiss OI days in sri.arrtoynt equal to 5911 of the amount of the principal part of the payment in default. In the event that the Note is not paid in full at rtt#turity, slflpay nxrtts, whether ptirKipal, interest or otherwise, shall bear interest st the maximum legal rate allowed under the laws of the State of Florida. All paylrte~q made hereundtjr.ifpll be uedited first to interest and then to principal, however, in the event of default, the Bank may, in its sole discretion, apply any paymMtt to rnteraiC, piitrcipal and/Or lawful charges then accrued. It is the intention of the parties hereto that the provisions herein shall not provide directly pr iridiMctty for tIN pigment of a greater rate of interest•or the retention of any other charge than is allowed by law. If, for sny reason, interest in excess of such IsOef,raM or a chatgti p[ohibited by. law shall at any time be paid, any writ excess shall either constitute arxf be treated as a psymer?t on the principal or de refsrtded (linetly to the MIN. ` The flAiktr tt?ay prepay the entire unpaid balance of the loan at any time. If the loan is prepaid in full, accelerated or refinanced, the Makes shalt rccaive a refund of the unearned portion of the interest and inwrance premiums computed by the Rule of 78's method, extxpt that the Bank shall be entitled to retain minimum in~etest charge of $6.00. CREDIT LIFE AND CREDIT LIFE & 015ABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrance coverage is •+vailabk at the cost designated below for the term of the credit: lal S ~a for Credit Lite Inwrance Ibl Swa to+ Credit Lite at Disability Inwrance: • Check ? Credit life Inwrance is desired on the life of ~ App! - Birthdate Box ? Credit Life & Disability Insurance is desired on _ Birthdate - Credit Life and/or Disability insurance is not desired. • Date: le - Signature - • S?gnature As ri for the pa ment of the Note the Maker herQby grants to the Bank a security interest in the following property: i~at ~~7, >'ia~t~ew 11, Ol~td~s Ra~lts flat ~rl~p tt _lNtt1M = Ii =land is d~sasib~ i1 sa,~~a • ~ - rncludirg rtaeases, wbstitutions, replacements, additions and accessions thereto and in the proceeds thereof (hereinafter called "Collateral"1. ihls severity interest, shall Aso secure any other indebtedr>ess or liability of the Maker to the Bank direct or indirect, absolute or contingent, due or to become due, now ex- ~stirg or hereafter arising, including all future advar?ces or loans by the Bank to the Maker. The Bank is also given a lien and a security interest in all property and securities of the Maker, endorser, wrety,guarantor or accommodation piny Of this Note !hereinafter referred to as the "Obligors'?, now in or at any time 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 arty balance or balances to the credit of any accounts, including t.ust and a9encY accounts maintained vaththe Bank by any of the Obligors, and the Obligors agree t0 deliver to the Bank additional Collateral or make sAclt i payments in reduction of the principal amount of the loan as shall be satisfactory to the Bank, in the event the aforementioned Collateral shall decline in value ~ or become unsatisfactory to the Bank. Additions to, reductions or exchanges of, or substitutions (or the Collateral, payments on account of this loan or increases of the same, or other loans rj?atle partially or wholly upon the Collateral, may from time to time be made without affecting the provisions of this Note- The Bank shall exercise reasonable ca.e in the custody and preservation of the Collateral tb the extent required by applicable statute, and shall be deemed to have exercised reasonable care if it takes wch action for that purpose as Maker shall reasonably request in writing, but no omission to do any aci-ztot requested by [V~aker shall be deemed a failure to exercise 1 reasonable care, and no omruion to comply with any request of Maker shall of itself be deemed a failure to exercise reasonable care. Bank shall not be bound to ;eke any steps necessary to preserve any rights in the Collateral against prior parties and Maker shall take all necessary steps iw such purposes. The Bank or its nominee 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 4his Note, it at the time of the payment and dis~arge hereof any of she parties liable for the payment hereof shall be then directly or contingently liable to the Bank as Maker, endorser, wrety, guarantor or accommodation party of any other note, draft, bill of excltange, or other instrument, or otherwise, and the Bank may thereafter exercise all rights with respect to said Collateral granted 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 rnnstitute a default, all liabilities of each Maker to the Bank, indirdirg the entire unpaid principal of this Note and accrued interest, less any unearned interest and any interest in excess of the maximum allowed ~ by law and any- rebates required by law, shall immediately or thereafter, st the option of the Bank, except that the occurrence of Icl or ldl shall cause automat- rc acceleration; without notice or demand, become due and payable: lal the failure of any Obligor to perform any obligation, liability or claim to the Bank, to pay interest hereon within lOdays after it is due, or it there is no due date, after it is billed or otherwise requested or demanded, or to pay any other liability what• , soaves to the Bank when due; Ibt the death of any individual Obligor, the dissolution of any partnership Obligor or the dissolution, merger or consolidation with- out the Bank's prior written consent of any corporate Obligor; (cl the filing of a petition in bankruptcy or tfu± adjudication of insolvency or bankruptcy under j any reorganization, arrangement, readjustment of debt, dissolution, liquidation or similar proceeding under any Federal or state statute, by or against any Y Obligor; Id1 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 s cf judgment against airy Obligor; Ill the iswing of any attachment or garnishment, or the filing of any lien, against any property of any Obligor; Igl the taking of possession of any substantiaPpart of the property of any Obligor at the instance of any governmental authority: Ihl the determination by the Bank that a materi- i s al adverse change itas occurred in the financial condition of any Obligor from the conditions set forth in the most recent financial statement of wch Obligor 1 heretofore furnished to the Bank, or from the condition of wch•Obtigor 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 / contains an untrue statement of material tact or omits to state material fart necessary in order to make the statements made not misleading; a, lil the assign- ment 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: (i) 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 alt IiabilitX with respect to any Collateral so pledged Or trartsferrad, and sny pledgee or transferee shall for all purposes stand in the place of the Bank hereunder and have all flee rigflts of.the Bank hereunder; (ii) to transfer the'whole or any part of the Collateral into the name of itself or its nominee; (iii) to vote the Collateral; (iv) to notify the Obligors of any Collateral to make payment to the Bank of any amounts due or to become due thereon; lvl to demand, we for, collect, or € make any compromise or settlement it deems desirable with reterenee to the Collateral; arxf ivi) to take possession or control of any proceeds of Collateral. - , a - 0 R n NOTICE: SSE OTHER SIDE fOR IMPORTANT INFORMATION g~~K ~~+~{2252 FBS 752 Rev. 7/77 i~. _