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Home My WebLink About1124 INSTALLMENT PROMISSORY NOTE - IA? Amount Reaitred : 5 . Q00.00 FIRST NATIONAL BANK OF FORT PIERCE BANK NASAE lel Premium for Gedit ub/Oieebility Ins. 239.47 Post Office Box 970 Fort Pierce, Florida lc1 Documentary samps s 7.95 C OFFICE AoDRE53 10) Other Charge (itemise) ! none, - ~ lE? = none NOTE NO: DATED: February 13 ,19~.. lF) = none lG1 A"'°""` Fi"ar'°'d 5 , 247 42 February 13 , f~81 (A, e, c, D, E. F) t .s DUE: II11 Insereet t.._ Fort Pierce , FLORIDA . u1 credit Irttreetigetton t 25.0 PLACE: u1 Outer _ ~onB Fos wlw reeiived, tM urdersgned (heieirtafter a1Nd --Maker") lointfy u~d s.verally lit (K1 = none more than one) promise to pay to tM order of tM Gank, et is offip listed above. tM Total nonA of Paymena (from (Nl se rght) of S 5.98 6.80 Ooltan payabN in 24 ll? t cave! rtwnchly iracsllmertaot t 2~q dS - _ ,,~t~ lMl HINAN~ELCHARGE s 73iQ.38 - instsllrrtent des on March 1~ , 19Z~, and wbsegtrent inswlmena des on INI Tow of Paymerta lG+ MI = S _ 986.80 - ths~_dsy of each month thereeftar, together with a FINAL GALLOON PAYMENT OF: -ANNUAL PERCENTAGE RATE 12 _ 99 % s none -DUE none , f9 The Dank shall intpoN a delirtgwncy charge against tM Maker on any payment which hes batorrta des end remains in dNault for a period in exceea of 10 days in an amount equal to 6% of tM amount of tM pirtciDM part of tM payment in defwlt. In tM event that tM Noe is not paid in full at maturity, sIl pey- rrenn, rrltether pineipel, interest Or othenaise, shall beer interest at the maximum level ran allowed order the Laws of the Sate of Florida. All paymerets made hereunder shall ba credited first to interest end then to pinetpal, however. in tM event of detsult, tM Bank may, in is soN discretion. apply any peymMt to intKeec, pnnapN srd/w lawful charges there acpwd. It is tM intention Of tM perties hereto that tM provtstOns herein shall not provide dtrectly Or tndtntthl for the payment of s greeter raa of interest a tM retention of any other cherge than is allowed by law. Ii, for any reason, interest in excaa of such 1e0e1 rea a a charge pohibited by law shall at arty tints be paid. any such exafs shall either constitun end be seated as a payment on the pincipM or be refunded direeNy to the Maker. - . Tha Maker may prepay tM entire unpaid balartoe of tM loan at any tinter If tM loan is pepaid in fuN, scakrsted a nfirianoed, tM Maker shell naive a - refund of the unearned potion of cM innrest end inwrsna pemiums computed by tM Rule of 78's method, except that the Bank shall be entitled to reuin a minimum interest eherge Of 56.00. CREDIT LIFE ANQ CREDIT LIFE ~ DISABILITY INSURANCE ARE VOLUNTARY ANO NOT REQUIRED FOR CREDIT. Sud+ irtswsnoe coverage is availabN at tM cost designated below fa tM term of tM txedir. b1 S none _ fa Credit Life Inwrsrta lbl S 239.47 for Credit Lih 8 pisability Irtwrartte: - Check ? Gadit 4fe Inwrsnee is desired on tM life of - Appl Birchdsn Sox ®Gedit Life dr Disability Inwrattp is desired on III n Birthdate 7 28 44 ? Gedit Life end/or Disability Inwrprta is not desired. ~ Date: Febniarv 13. 1979 Signature Signature As security for tM paymsrtt of tM Note tM Maker hereby grants to tM Bank a security interest in tM following property: UNSECURID with Second Mortaaae as additional collateral (see over for legal description including all'irtuesses, wbstitutiona, replaamsna, additions and soaxions thereto and in tM proceeds thereof (hereinafter called "Colbteral"1. This security interest shell also secure any other indebtedness or liability of tM Maker co tM Bank director indirect, absolute or contingent, des Or to became due now ex- - iSting Or hereafter arising, including aIt future advances Or loans by tM Bank co the Maker. - TM Bank is iibo given a lien artd a severity interest in ell poperty and severities of the Maker, erxtaaer, wrety, guarantor or aocartntodation party of this Note Ihereinaher referred to es tM "Obligon"1, now in or st enter tints hereaher coming into the control, anstodY or possession of the Bsnk, wMther for fete ex- pressed purpose of being used by tM Bsnk es Collateral, or for any other purpose. and upon any balance or balertoes to tM credit of any aaounts, including trust and agency seootrna maimairterl vvithtM Bank by steel of tM Obligors, end tM Obliges agree to dNiver to tM Bank additional Collscsral a make such Payrt+ertts in ruction of tM pincipal amount of tM roan es shell W satisfactory to tM Bank, in tM event the aforementioned Collaterrel sltaN dadirr in valeta or beconta unsatisfactory to tM Bank. - - Additions io; reductions or exehertges of; w substitutions for tM Collateral, paymena on account of this loan or increases of tM settee, or other loans made ~ partially Or wholly upon the Collateral, may from ttme to time be made without affecting tM provisions of this Note. The Bankshall exercise rasonabN an in ~ Me custody and preservation of tM CollaterM to tM extent required by applicable statute, and fMll be deemed to have exercised reesortabte care it it takes such I action for that purpose as Maker shall reasor?sbly request in writing, but no omission to do arty set not requested by Maker shell be deemed a failure to exercise reasonable can, and no omission to comply with any request Of Maker alts!! of itsNf be deernsd a fsitun to exercise reasonable an. Bank shah not be bound to take any steps necesssny to peserw snY righa in tM Cotbtersl sgsirtst prior parties and Maker shall take all rxeessary steps (or such purposes. The Bank a is nominee need not collect interest on, a s pincipal of, any Collateral a g^~ any notice with respect to it. The Bank- may continue to hold arty Collateral deposited herwrder after tM payment of this Note, if at the time of tM psymertt and disdwge hereof arty of the patties liable fa tM psymertt Mreof shall be then directly a< tattirtgentfy IiabN to tM Bank a: Maker, endorser, wrety, guarantor.or sccartntodstan party of any other note, draft; bill of exdtarge, or other iratrument, or otherwise, and tM Bank may thereafter exercise all tigers with respect to said Collamal ~ ;-antatf herein even though this Non shall have been wrrertdend to tM Maker. If tM Bank deems itself insevere or upon the happening of any of tM following events, each of which shall constitute a defwlt, all liabilities of each Maker to the Bank, including tM entire unpaid principal of this Non end aeerwd inarest, less any unearned interest and any interest in excess of tM msxinwm allowed by law end any. rebates required by law, sMll irttrrtediately or dteresfter, st tM option of the Bank, except that tM occurrence of (e1 or ldl shall cause automat- ic acceleration; without notice or derrtartd, beoarte due end payable: !s1 cM failure of any Obligor to Perform arty oblgation, liability or cbinrt to tM Bank, to pay interest hereon within 10days aher it is des, or if there is nodes den, after it is billed or otherwse requested or dernarded, or to pay any Odtar.liability vrhat- scxver to tM Bank when due; lbl tM death of arty individual Obligor, tM d+'ssolutwrt of arty psnnership Oblige w tM drssolutron, metgerar consolidation with- a out the Bank's pia written consent of say corporate Obligor: (cl tM filing of a petition in bankruptcy or the adjudication of insolvency or bankruptcy under x any reorganization, arrangement, resdjustmertt of debt, dissducion, liquidation or similar proceeding under any Federal a state statue, by or against any Obligor; ld) an sppligtion for tM appointment of a receiver for, or tM making of a general assignment for tM benefit of creditors by, any Oblgor; eel tM entry s of judgment agsiMt arty Obligo?; (f)•cM iswing of any attachment or gernahmertt, or tM filing of any lien, against any poperty of arty Obligor; lgl the taking of a possessio • bf any wbstsntial part of tM property of any Obliges at tM instsrtta of any governmental authority; Ih1 tM deternnination by tM Bank that a rrntdi- ~ al adverse change has occurred in the financial condition of arty Obligor from tM conditions set forth in the most recent financial sanrrtertc of such Obligor a heretofore furnisMd to tM Bsnk, o. from the condition of such Obligor es Mncofae most recently disdosad to tM Bank, or that any warranty. repratnneion, certificate Or satentenc of any Obligor (whether cootaind in this Non or not) perainirg to or in connection with this Non or the loan evidenced by this Non connim an unttw staterrrnt of material fact a omia to sea materiel teat rteoasery in order to make tM statements reads not misleedintg: or, li) tM assign- meet by arty Maker of any equity in any of tM Colbteral without the prior wrirnn consent of tM Bank. The Bank shall have, but seta!! not be limited to, tM following tigers, each of whidt may be exereasd at any time whether or trot this Note is due: (il to pledge Or transfer this Note end tM Collateral and tM Bank shell thereupon be retiered of all duties and responsibilities Mrwnder and rNieved from any and all liability with respect to any Cdlatenl so pledged a transferred, end arty pledgee or transferee shell for all purposes stand in tM plea of tM Bank Mreuntder and have all cM rights of tM Bank herwrder; liil to transfer tM whole of any pert of tM Collateral into tM panne of itself a is rtOntinee; (iii) to vote tM Collatersl;-.- Iivf to notify tM Obliges Of any Collateral to make psymertt to tM Bank of snY smarna des Or to bscane due thereon; Iv1 to dernertd, sue for, coNeet, or make any contpon?ise or setttlerrtent it deems desirable with nierenq co the Collateral; end 1vi1 to take possession or control of any poaeds of CollsteraL - _ - NOTICE: SEE OTHER SIOE'FOf~IMFORTAPfT INFORMATION: - _ - - _ - - - F FBS 7'2 Rev ?r7T ~ . = - _ _ .--!ll~.~f-=it. _ _ ~ 't~ - - - .j. r~ ~ . ~ ~ = -