The URL can be used to link to this page

Home My WebLink About2291 • ~ INSTALLMENT PROMISSORY NOTE +N~ ~ ~ (A) Amount Reaiwd S..~y,~~_ RANK NAME IBI Premium for Credit Lifts/Disability Ins. S I!3! Ottrl+~si~l St• ~ JrlNa >ws1, l1~Nt3tia ~345~ lCl oowm.ntary stamp. t ;.21-u _ OFFICE AODRE l01 Other Charges liamitel S ' IEI S -r- NOTE NO. DATED: ,}...i~_ . 19». IF1 S If31 Amount Finarspd DUE: > ~ tg u IA, 8, C, O, E, F) S lHl Interest S PLACE: ` ,FLORIDA 111 Credit Investigation S , tJl Other S -w- For valve repived„ Ilse ursdenigned IherNnafter piled "Maker") jointly and severally (il IKI S,r. ' ' T riven then oriel promise- to pay to the order of tM Bank, at its office fisted above, the Toaf of Payments (trap INI at rightl of ~11eS74•{I~ Dollar: payable, in ~ (L) S --a~- eyual monthly irutallirsents of S , fire tint IMI FINANCE CHARGE - ' IH, 1, J, K, L) S ~=i~~a~ ,nstallrtleOt dw ors • ' . 19 ,and wbspuMt iosgllrrrents dw on INI Total of Payttrrersts l(i ~ M) S ~erl7l=~ the day of colt ftwrrth thereafter, together wiM a FINAL BALLOON PAYMENT'OF: ANNUAL PERCENTAGE RATE lA-~ !X 4 S _ i.. ! OUE ,19 I The Bank shell impose a dNinquency charge against the Maker on any payrtserst which has became dut and remains in defwlt for a period in execs of 1# i clays m an amount prssl to 5~ of the amount of the principal part of the payment in default. In the event that tM Note is not paid in full at maturity, all pay- ff tricots, whether principal, interest Or otherwise, shall boar interest st the maximum legal rate allowed under the laws of the Stan of Florida. All psymersts rtsatfe hereunder shall bs credited first to interest and then to principal, however, in the event of default, the Bank may, in its cola discretion, apply.any payment to ,nterest, principal and/o. lawful charges than accrued. It is the intention of the parties hereto that the provisions herein shall not provide directly or indirectly +or the paymMtt of a greater rateof interest or the retention of any other charge then is albwed by law. If, for any reason, interest in excess of such legal rate tN ' ! a charge p/Ohibited by law alull at any time be paid, any such expos shall either constitute and be. treated a: a payment on the principal or be retursded directly to the Maker. The Makermsy prepay the entire unpaid balanp of the loan at any time. It the loan is prepaid in Lull, acplerated or refinanced, the Maker shall receive a ~e+und of the urtearrsed portion of the interest and inwranp premiums computed by the Rule of T8's method, except that the Bank shall be entitled to resin m,nimum interest chsrpe of 56.00. . CREDIT LIFE AND CREDIT LIFE >k DISABILITY INSURANCE ARE VOLUNTARY AND NOT REOUIREO FOR CREDIT. Such inwranp coverage is ,vc„table st tits cast designated below for the term of the credit. lal S for Credit Liie Inwrance Ib) S to Credit life & Disability Insurarlp: - - Check ? Credit Life Insuratsee is desired on the life of ;,ppt Birtlsdate Bnr ? Credit Life & Disability Insurance is desired on Birthdate Gedit Life and/or Disability Inwranp is not desired. Dare: le ~7! Signature . a. ~ . Signature , As security for the payment of the Note the Maker hereby grants to the Ban a security interes m Ollowing property~~~~ )dttl~ ~ let 676 •,t>latt~a~ ant ~ St Leei~~ J~ea.a~ fr°,be w ~.~dt..a ~.~~Si ~ta~- ~nctuding all increases, wbstitutians, replacements, additions and accessions thereto and in the proceeds thereof (hereinafter rolled "Collateral"1. This seairity interest shall also secure any other indebtedness a liability of tine Maker to the Bank direct or indirect, absolute or contingent, due or to become due, now ex- sung or hereafter arising, including all future advances 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 party of this Note (lsereinafte? referred to as the "Obligors'7, now in or at any time hereafter oomtng into the control, custody or possession of the Bank, whether for Ilse ex- s pressed pu?pose 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, includirg trust and agerscy atxootrnts maintained with the Bank by any of the Obligors, and the Obligors agree to deliver to the Bank additional Collateral or make such 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 e' become unsatisfactory to the Bank. Additions to, reductions or exchanges of, or wbstitutions for the Collateral, payments on account of this loan or increases of the same, or other loans made ! p:,r t,a+ty or wholly upon the Collateral, may from time to time be made without affecting the provisions of this Note. The Bank shall exercise reasonable care in rho r_ustody and preservation of the Collateral to the extent required by applicable statute, and shall be deemed to have exercised reasonable care it it takes wch 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 tailurc to exercise reasonable care, and trio 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 rake 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 nr m,nee need trot rnltect 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 +he parties liable for the payment he?eof shall be then directly or contingently liable to the Bank as Maker, endorser, wrety, guarantor or accommodation party o+ 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 :ranted herein even though this Note shall have been wrrendered to Lire Maker. It the Bank deems itself insecure or upon the happening of any of the following events, each of which tJwll constitute a default, all liabilities of each Maker to me Bank, incltrdir.g the entire unpaid principal of this Notes and accrued interest, less any unearned interest and any interest in excess of the maximum allowed y try law and any rebates required by law, shall imrrrediatety or thereafter, at the option of the Bank, except that the occurrence of Icl or Idl shall cause automat- ~c acceleration; without notip or demand, become due and payable: lal the failure of any Obligor to perform any obligation, liability or claim to the Bank, to pay , ^cerest hereon within 10days after it is due, or if there is no due date, after it is billed or otherwise requested or demanded, or to pay any other liability what- " ~ sever to the Bank when due; Ibl the death of any individual Obligor, the dissolution of any partnership Obligor or the dissolution, merger a consolidation with- out the Bank's prior written consent of any corporate Obligor; Icl the tiling of s petition in bankruptcy or the adjudication of insolvency or bankruptcy under t any reorganization, arrcrsgerrtent, readjustment of debt, dissolution, liquidation a similar propedirsg under any Federal or state statute, by or against any Ohlrgor; Id1 an application for the appointment of a repiver for, a the making of a general assignment for the benefit of creditors by, any Obligor; tel the entry o+ +udgrtlent against any Obligor; If1 the iswing of any attachment or garnishment, or the filing of any lien, against any property of any Obligor; (g) the taking of possession of any substantial part of the property of any Obligor at the irrstarsce of any governmental authority; Ihl the determination by the Bank that a rttateri- } a. adverse change has occurred in the financial condition of any Obligor from the conditions set forth in lire most repot financial statement of wch Obligor t i heretofore furnished to the Bank, or from the condition of rods Obligor as heretofore roost recently disdosed to the Bank, or that any warranty, representation, cert,ficate or statement of any Obligor (whether contained in this Note or not) pertainirsg to or in connection with this Note or the loan evidenced by this Note o contains an untrue statement of material fact a omits to state materiel fact nnecessary in order to make tftt statements made not misleading; or, lit the assign- # merit by arty Maker of any equity in arty of the Collateral without the prior written consent of the Bank. x - The Bank sisal) have, but shall not bs limited to, the following rights, each of which may be exercised at any time whether or not this Note is due: li) to ~ y pledge or transfer this Note and the Collateral and the Bank tthall thereupon be relieved of all duties and responsibilities hereunder and relieved from any and all i ~ab,liry with respect to stay Collateral so pledged of transferred, end any pledgee or transferee shall for all purposes stand in the piece of the Bank hereunder and nave all the rights of the Bank Irereurtder; (ii) to transfer the whole or arty part of the Collateral into the name of itself or its nominee; (iii? to vote the Collateral; a ;,vl to notify the Obligors. of any Collateral to make payment to the Bank of any amouna due Or to become due thereon; (v? to demand, we for, collect, or a t make any compromise-or ;etttement it deems desirable with raferersp to the Collateral; and (vi) to take possession or control of any proceeds of Collateral. #r - - ` ~ OOK JO ' z P~~~zz91 NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION F BS 752 Rev. 7/77 f - i ~ - -s;' •~-''fir - - - " < - _ - - 3