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Home My WebLink About0525 ~ . i INSTALLMENT PROMISSORY NOTE ~~w (A) Ar»ou~t Rtce~ved s 1L~~~m F BANK NAME 18) P~emwm lor Cred~i Li(~/Oisabihty Ins. S (C) Documenury Stamp: S ~ F ~ oa lo) Otn.. Cnarqn Gtem~zel S ~ IEI S ~0" f NOTE NO. DATEO: ~ • 19-~ (F) S "Q" ~ IG) Amounl Fioanted ~.~1~~ _ j~~ 'j~ . 19_~. (A. 8. C. D. E. FI S ou~: ~~~Q7.S0 - (H) Interet! s 1l~,r ~~L . FLORIDA (I) Gsdit Invest~gauo~ S Pt ACE• fJl Othe. S For vslue rece~ved, ihe underslgned Ihere~natter w11ed "Maker") ~anNy and severally (~f (K) S ~Q•• ~~~ure thao or?s) promise to pay to the order oi ths Bank, st its oifice I~sted above, the Tonl ,f Payments (irom (N) at right) of ~~~~~ZO Dollars payable in 1Ze a IMI FINANCE CHARGE ' :,~ua1 moo[hly ~nstsllmena of S 191 ~1 . cne ~~rst ~H, .1. K. ll s • ~nstatimtnt due o~ . 1~. a~d subseyuent ~nstallments due on (N) Total ot Payments (G * M) 5~~~~ ~t,eZ6=~sy of each month the~eafter, coqeiner w~tn a F~NA~ BA~~OON PAVMEN7 OF: ANNUAL PERCENTAGE RATE i~~_% ~ ~O~ DUE • 19 The Bank shall ~mpose a del~nquency cha~ge against the IN~ker on any payme~t whlch has becorne due a~d remains ~n default to~ a penod in sxcess of 10 s ~n an amount equal to 596 0~ the amount of the principal Dart ot the payment m detault. tn the event that the Note ~s not pa~d in tult at maturity, a~l paY- ~„rn~s, whNher principal, i~terest or otherwise, shall bear ~nterost at the maximum legal rate allowed uoder ihe laws ot ~he State of Flor~da. All payments made ~.•~eunder shall be credited first to interest and then to p~ir?Cipal, hovrever, in the event of detault, the Bank may, in ~ts sole discretion, apply any payment to ~~.~~est, principal and/or lawiul charges ihen acc~ued. It is the intention ol the part~es hereto that the provisions he~ein shafl not p~ovide directty o~ indirectly • ihe payment ot a 9~eate? rate of interest or the retenuon oi any other cha~ge than is allowed by ~aw. ~t. for any .eason, interest in excess ot wch legsl ~ate or . nar9e prohibited by ~aw shall at any time be paid, any wch excess shafl either ~onstitute a~d be treated as a paYme~t on the principal or be re~uncfed directly rhe Maker. The Maker may prepay the enure unpaid ba~ance ot the loan at any ume. If the loan ~s prepa~d in full, acce~eratecl or ref~nanced, the Maker shall receive a •~und oi the unea~ned portion ot the ~nte~est and insurance premwms computed by the Rule ot 78's method, excep~ ~hat ~he Bank shall be entitted tu ~e~am ~:~~~rtwm ~nterest charge o~ 56.00. CREOIT LIFE AND CREDIT LIFE & OISABILITY Ifl1SURANCE ARE VOIUNTARY AND NOT REQUIRED FOR CREDIT. Such ~nsurance coverage is :~ble at the cost designated below for the term o~ the credit: (a) S Z~~•~ for Credit l~fe Insurance (b) S ~0" Credit l~~ed~ Disabil~ty Insurance: ~.•ck ~ Credit Life Inwrance ~s des~red on the 11te oi ~r ~~tt D~~~ - :,u~,i ~ ~0.~•~ ~ ~ ~M~i~t ~M~~ Birthtlate a"10"'Z7 ~ 1.~u~Zs Q Credrt L~fe & D~sabilrty Insurance is des~red on Birthdate Q Cred~t Lite and/or D~sab~l~ry Inswance n not desned. ,3~~~ - ~ f~' Z~~ i979 $iynaturC ,tz • , > Signatu~e E As security fw the paymem oi ~he Note the Maker hereby gcanis to the Bank a secur~ty interest in the follow~ng property: I i.oi nr~~-w. 3~etioa II~ OtTt~40t tiSOtZ'f 0~1 ~1~IG?, J~s~ ~tsi~. Tl~s~tZia, as ~MSri~i~ ~ ~ ,!ud~ng all increases, substituuons, replacements, addnions and access~ons the~eto and in the p~oceeds thereot Ihereinafte~ callecl "Collateral"1. This secunty ° •!~~res~ shall also secure any other ~ndebieclness or I~ability of the Niaker to the Bank d~rect or 1nd~rect, absolu[e or conungent, due or to become due, now ex- ,t my Or he~eafter arising, ~ncluding aU future advances or loa~s by the Bank to the Maker. ~ The Bank is also g~ven a I~en and a security ~nterest in all prope~tY and secu~~t~es oi the Maker, endorse~, wrety, guarantor or accommadation party of this :u~e Ihere~nafter refe~red fo as the "Oblegors"1, now m o. at any time hereatter com~ng mro the control, custodY or posseu~on of the Bank, whether for the ex- ! ;;~essed purpose o1 be~ng used by the Bank as Collateral, or fa any other purpose, and upon any balance or balances to the crecf~t ot any accounts, ~~c~uding ; ~~.:st and agentl/ attounts mainta~ned wrtMhe Bank by a~y of the Obhgo.s, and the Ob~~gors ag~ee to deliver to the Bank addrtional Collateral or make such ~ r ments in reduct~on of the pnncipal amount of the loan as shalt be sat~sfactory to the Bank, ~n the event the ato~ementconed Collateral shall decline in value z ;,ecome unsatisfactory to the Bank. ~ Add~uons to, reduchons o~ exchanges of, o~ subsUtutions for the Collate~al, payments on accou~t of this loan or ~ncreases of the same, or other loans made ~~a11y or whotly upon the Co?lateral, may from time to ume be made withuut affecting Ihe provisions of th~s Note. The Bankshall exe~c~se reasonable care in ~ custody and preservation of the Coliateral to the extent required by apphcable statute, and shall be deemed to have exerused reasonable care i( it takes such _ ,c r.un fw that pur~wse as Maker shall reasonably request ~n wr~t~ng, but no om~ss~on to do any act not requested by Make~ shall be deemed a iai~ure to exercise ~ +sonable wre, and no om~ssion to comply rwth any reyuest of Mlaker shall of rtself be deemed a failure ro exerase ~easonable care. Bank shall not be bound to ~ ,~e any steps neCeuary to preserve any nghts m the Collateral agamst pnor parties and Maker shall take all necessary steps ~or such purposes. The Bank or its ~ -,m~nee need not collect mterest on, or a pnnupal ot, any Collateral or grve any notice wrth respect to ~t. The Bank may contmue to hold any Collateral depos~tecl hereunder atter the payment oi thn Note, ~f at the ume oi the payment and dixharge hereoi any oi ~ 5 rr,~ parties hable tor Ihe payment hereof shall be then duecdy or conurx~enUy hable to the Bank as Maker, endorser, swety, 9uara~to~ or accommodauon pa~ty ~ t~,ny other note, d~ait, bdl of exchange, or other instrument, o~ otherwise, and the Bank may thereahe. exerase ali nghts w~th respect to said oUatera ~ ~~,,nted her¢in even though this Note shall have been surrendered to the Maker. ~ If the Bank deems nseli insecure or upon the happening of any oi the following events, each of wh~ch shall constrtute a default, all I~abdiues oi each Maker to Bank, including the entue unpa~d prinapal of this Note and accrued interesi, less any unearned ~nterest and any interest ~n excestbf ihe maximum a~~owed ~ law a~d any rebates requrred by ~aw, shall immed~ately or thereaiter, at the opuon of the Bank, except that fie occurrence ot (c) or (dl shall cause automa[- ~ acceieration:wrthout notice or demand, becomedue and payable: (al the tailure of any Obligor to perform any ob~~gation, liability or claim ro the Bank, to pay ~s ^~er~t hereon within ~~days after it ~s_due, or if the~e is no due date, a~ter rt~s bilted or otherwise requested or demanded, or to pay any other Gabfity what- ;.~ver to the Bank when due; (b) the death of any individual Obligor, the d~uolution of any partnership Obllgor o~ the d~sso~utwn, merger or ~onsol~daUon with• ui 2he Bank's pnor written consent of any corporate Obhgor; Id the fitirg of a petiUOn ~n bankruptcy or the ad~ud~cat~on ot msolvency or ba~kruptcy under _ ,~y •eorgamzauon, arrangement, read~ustment o( debt, d~ssolution, Hquidat~an or simllar proceeding under any Federal or state statute, by or against a~y Uhl~qor; (d) an appfication (or the appo~ntment of a rece~ver to?, or the rt?aking of a general assignment for the benefit of cred~tors by, any Obllgo~; (e) the encry o! iudgment aga~nst any Obl~gor, (f) the ~ssumg of any attachmeot or garnishment, or the filing oi any lien, agamst any property of any Oblrgor; (g) the taking af p~~ssession ot a~y substanual part o~ ~he property of any Obligor ai the mstance of any governmental authority: (h) the determmation by the Bank that a mater~- % ,,i ,dverse change has occurred ~n the financwl coodition of any Obl~gor trom the conditions set forth in the most recent tinanc~al statement of wch Obligor ,~e~etotore ~urnished to the Bank, or from the corxfiUOn ot wth Obligor as heretotore most recently disclosed to the Sank, or that any warranty, representahon, c~~r~ficate or stateme~t of any Obtgor (wAether contained in this Note w not) pertaining to or in connection with this Note or the loa~ ev~de~ced by this Note c„nra~ru an untrue statement oi material fact or omits to state material fxt necessary in order to make the statements made not m~slead~ng: w, li) ~he ass~g~- u ment by aoy Maker ot any equity in any of the Collateral wrthout the prior written consent ot the Bank. ~ The Bank shall have, but shatl not be limited to, the fo~lowing rrghts, each of which may be exerc~sed at any time whether or not this Note is due: (i) to _ , iecfge o~ transfer this Note and the Co~~ateral and the Bank shaU the~eupon be relieved of all duties and respons~bilities hereunder and relieved from any and all i.sbfity with respect to any Collateral so pledged or transferred, and any plecfgee or transferee shall (or a~l purposes stand m the place of the Bank hereunder and have all the ~ights o1 the Bank hereunder, (~i1 to transfer the whole or any part oi the Collateral into the name of rtself o~ rts nom~nRe; (i~~) to vote the Collateral; ~ ~vl to noU(y the Obligon ot any Co:lateral to make payment to the Bank ot any amounts due or to become due thereon; (v) io demand, we fo?, collect, o. % make any comprom~s! a1 selj~ement it $e'ms desirab~e with reterence to ihe Collate.al; and (vi) to take posseu~on or coMrol of any proceeds of Collateral. ~ ~ ~r VV~ ~ :E 525 NOTICE: SEE OTHER SIDE fOR IMPORTANT INFORMATfON ~OC . c BS 752 Rev- 7/77 ~ x~'en . - . . . ~ i: ~ - - - - - - - - - ~ ' . . .'c