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Home My WebLink About1035 INSTALLMENT PROMISSORY NOTE ; y ~ . < IA1 Amount R~ce~vad S~~e~ j J~asrs lrras ~k ; gANK NAME (8) Pt~A?ium for Credrt t l,jt~/pitability I~s. s 1~~ L'OM~'~~ =~i .Zr~r ~h ~s'f fC1.0owmentarvStamPs S lj-~ ~ OFF CE AOORESS • (Ol OthN Charpet (~tem~z~) S ~Q~ j , . ~ E) s w~e ~ NOTE NO. ~ATEO: 1~ , 19_I9 (F! : s ~a" - ~ - (GI AmOUnt FinancQd 19_~ iA. B. C. O. E. FI S_~~~ta~- ; ouE: fa^,~.r..~r~ 16 (H) Incaat S =~9'1~ A.. tr~~ , Fl.OR10A Credit Invaugation S ~4" PIACE: 0~~ _ Fo~~wlue recened, thQ Ul1d@~S~9Md (~~Nf181tN fAl16d "Makei') lointly and severslly (if (K! ~ s ^~Q.. n,ore iha~ on~l p?omise to paY to th Ordtr of tM Bank, at its office listed above, the ToUI ~u s of Payrrnnts (trom (N) at rigfit! of ~~~9~~~ ' Doltan {~aYabte in~ , a~ tn. r~~st IM1 FINANCE CHARGE =~'4~~~ ~ eciual moothly insta~M~ents of S e~ ~ (N, J, K, l) s installment due on.~b ~ , 19~Z. and wbssquen~ inswllnwn~s due on (N) ToIM of Pavmenn IG ~ M) S~•~~~~ . ihe1~Y of ead~ mo~th theresfter; together with a FINAI BAI.IOON PAYMENT OF: ANNUAL PERCENTAGE RATE 1O.N % 5 DUE .19 The Bank shall impose a deli~que~ell d?ai9e sga~nst tM Maker on a~11 paY~?t dw ~ ramsins in default fw a psriod in ~xwa ot 10 <~ays in an anwunt equal to 596 of the amount ot the principal part of the paY~~t in default. !n the e~ent that the Note is noi paid i~ full at maturity, ell pey- ments, whether {xincipal: i~terest o? othervvise, shall bear interest at the rt?aximum legal rate allow~d undN the laws of the State ot Florida. Atl psym~nis made hereunde~ shall be credited firat to interest and then to printipal, however, in the event oi detault, ths 88nk rnaY. ~ts sole diuretion, applV ariy payment to ~n~erest, principal and/or lawful charges then accrued. It is the intention ot the parties hereto thst the provisions herein sha11 not provide direetly or indi~ectlY <he payrr~snt of a greater rate of intereu or the retention oi any ot~er charge than is allowed by law. If, tor any reason. interest in excess of wch t~gal ?ste or charge prohibited bY ~aw shall at any time be paid, any such excess shall eithe? rnnstitute and ba treated at a payme~t on the principal or be refundeddirettly ~o ~he hlake?. ~ ~ The Maker may prepaY the entire u~paid balance oi the loan at any time. I( the loan is p~epaid in tull, atcelera[ed w~etinanced, the Maker-shall receive a eiund of the u~earned Po~tion of the ~~te~est and inwrance premiums computed by the Rute of 78's method, excep~ tha~ tAe Bank shall be e~titled to retain rn~nimum inter@ft charge of ~J.~• CREOIT IIFE AND CREUIT IIFE & DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREOIT. Suth insurancecoverage is ~va~~able at the cost designated below for the term of the c~edit: (a) S for Credit Life I~surance (b) 5~a ~o• Credit Lite 8 Disabiiity InwranCe: ~ ~heck ? Credit Life Insurance ~s des~red on the lite of Birthdate a~~i. g;,,c ? Gedit life & Disability Inwrance is desired on Birthdate Ciedit Life and/or Disability Inwrante is not desired. ~ ~ A l~~ v~ J:~te -~w. t t 147~ Signature ' ~ s. _ . _ . s~gna,~?e As security iwthe payment oi the Note the Nlaker hereby g~ants to the Ban a secun ~interest in following P~operty: ' ~ncluding all increas~s, substitutions, replacert?ents, additions and accessions thaeto aod in the p?oceeds thereof (hereinafter called "Collateral"1. This security ~ ,nterest st~a11 also secure any other indebtedness or liability ot the Maker to the Benk direct or indirect, absdute or contin9ent, due or to become due, now ex- I ~z[ ~ng or hereafte* arising, including alt future advances o~ ~oa~s by the Bartk to the Maker. j The Bank a also given a lie~ and a security interest in all property and securities oi the Maker, endorser, wrety, guarantor or accommodation party of this ~ Noce (he?einafte~ referred to as the "'Ob~igors'~~. ~ow m a at eny time hereaiter coming into the control, custody or possess~on of ~he Bank, whether for the ex- ~ p,essed purpase oi bei~g used by the Bank as Collateral, or fw any other purpose, and upon any balance or ba~ances to the credit of any accounts, indudin9 ! c•us~ and agency acco~ntsmaintained viriththe Bank by anY of the Obligors, and tAe Obligors aqee to deliver to the Bank additional Collate~al or make such ~ nayme~ts in reduction oi the pri~cipal amount of the loan as shall be satisfactory to the Bank, in the event the aforement~oned Collateral shall decline in value ~ becpme urtsatisfactory to the Bank. Addit~ons to, reductions w excl+anges of, or wbstitutions tor the Collateral, payments on account of Mis loan o. i~creases of the same, or other loans made parually w wholly upo~ the Collateral, maY ~.om tirt?e to time be made without affecting the provisions of this Note. The Banksha~l exerc~se reasonable care in the custody and preservation ot the Collateral to the extenl required by app~~cable statute, a~d shall be deemed to have exercised reasonable care if it takes such ac[~on (w that purpose as Maker shall reaso~ably request in w.iting, b~t no om~ssion to do a~y act not requested by Maker shall be deemed a ~aiiure to exercise • easonaWe care, and no omission to comp~y w~th any reques~ of Maker shall of itself be deemed a failure to exercise reatonable care. Bank shall not be bound to cake any steps necessary to preserve aoy rights in the Co~~ateral agai~st prior part~es and Maker shall talce all necessary steps fw such purposes. The Bank or its r.om~nee need not collect interest on, w a principa~ of, any Co~~ateral or give any notice with respect to it. The Bank may continue to hold any Collaterat deposited hereunder atter the payrtirnt of this Note, if at the time ot the payment and discharge hereoi any ot ihe parties liable for the paYment hereof shall be then directly or contingently IiaWe to the Bank as Maker, endorser, wrety, 9uarantor or accommodatio~ party of any other note, draft, b~ll oi exd?ange, w other instrume~t, or otherwise, and the Bank may thereafter exercise all rigf~ts with respect to sa~d Co~lateral g.anted herei~ even though this Note shall have been surrendered to the Maker. If the Bank deems itsel( insecure or upon the happe~~n9 af~any of the ~ollowing eve~ts, each of which shall constitute a detault, all liabilities of each Maker to ?ne Ba~k, including the ent~re unpaid pri~cipat of this Note and accrued inte~est, less any unea~~ed inierest and any ~nte.est i~ exceu of the maximum a~~owed ~y taw a~d any rebaces required by law, sha11 imrned~ately or thereaiter, at the option oi the Bank, except that che occurrence oi (c) or (d) shall cause au[omat- ~ ~c accelerat~on;without notice or demand, becomedue and payable: (a) the failure of any Obligor to periorm anV oW~gation, liability or claim to tht Ba~k, to pay ~ncerest hereon within l~days after it is due, or if there is no due date, after it is billed or otherwise requested or demanded, or to paY any othe~ liability what- ~ soever to the Bank when due; (b) the death oi any individual Obligor, the diudution of ~y partnership Obligor w the dissolutio~, merger or oonsolidation with- out the Bank's prior wnitten consent of any co~porate OWigw: (c) the fiting of a petition in bankruptty w the adjudication of insolvency w bankruptcy unda ~ any reotganization, arran9ement, readjustment of debt, dissolution, liquidation Or simllar proceeding uinder any Federal or state statute, by or against anV ~ Obligw: (d) an application for the ap~wintment of a receiver for; w the making of a gene~al assignment (or the benefit of creditas by, any Obligor; (e) the entry _ ~ o} ~udgrt~ent agairut a~y Obligor: (1) the iswing of any sttachment or garnishment, or the filing of any lien, against any property of any Obligor; (g) the taking o~ ~ possession of a~y wbstantial part of the propertq of any Obligor at the ins[ance of any governrt~ntal authority; (h) the determination by the Bank that a materi- a~ adve?s~ cha~ge hat occu~red in the financial condition of any Obligor from the conditions set forth in the most ~ecent fina~cial statement of wch Obtigor ~ heretofore turnished to the Bank, or from the condition of wd~ Ob~i9or as Msretofore most recxntly disclosed to the Bank, or that any warranty, representation, ~ certificate a statement of any Ob1gw (whether contained in this Note w nod Pertaining to or in connectan with this Note w the loan evidenced by fhis Note , ~ coniai~n an untrue statement of material (act o. omits to state material fact neceuarY in wder to make the statements rrwde noc misleading: or. (i) the auign- I ment by any Maker of arryl equity in any of the Collateral without the prior written cornent ot the Bank. ~ - The Bank shall have, but shall not be limited to, the following rights, eath ot which maY be eze~c~sed at any time whether or not this Note is due: (i) to ~I ~ ptedge or tra~sfer this Note and the Collateral and the Bank shali thereupon be relieved of all duties and .esponsibilities hereunder and relieved from any and all ~~ability with respect to any Collateral so pledged or traruterred, and a~y pledgee or transferee shall for all purposes stand in the p~ace ot the Bank hereunde~ and ~ have all the rights of the Bank t~ereunder: (ii) to trsnsfe~ the who~e or any part of the Co~lateral into the nsme of itself or its ~omi~ee; liii) to vote t1~e Collateral; ~ (~vl to notify the Obl~ n of any Collateral to maks payment to the Bank of any amounts due or to become due thereon: (v) to demand, we to?, collect, or make any comp?omis~ ~Itda~nent it ~~desirable w~th reference to the Collateral; and (vi) to take possess~on w~ontrol of any proceeds of Collatenl. ~ ' ~ gCOK t~ ~qGF~~J4 ~ NOTICE: SEE OTHER SIOE fOR IMPORTANT INFORMATION ~ FBS 752 Rev. 7/77 ' ~ ~ . ' 3.' ~ ~ ~ ~ r ,~:'i • '4^r'~ ~x.~t~'s'~`s~~ y~~ ~„~~~~s Lx _ • _c`- ~x- ~r _