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Home My WebLink About0649 INSTALIMENT PROMISSORY NOTE J~~~ ~h ~k (A) Amoun~ Rece~ved S BANK NAME (8) Premium for Cced~t ~ L;re/Oisabi~~ty ~n:. s ~3y ~~~1 g~. ~ J~rr ~NCh~ T3~lida 3'3~57 ~c? Documentary Stsmps s s~ OFFICE AUDRESS ID) O~h~r Charges G~em~rel S_...~~" IEI S ~Q." DATEU' ~ . 19 7~ . (F) S - - ~:OTE NO. , IG) Amount F~nanced . 19~• (A, B. C. O. E. F) S~+~3~T~ DuE: - (H) Interest S c'l ACE: `T~r ~d , FIORIpA (1) Cr~dit Invesugauon S t.i! Other S For wlw ?sce~ved. ~he unders~g~ed (hereinalttr called "Makei') Iointly and severally (i) (KI S ' ~no~e than one) prom~se to pay to the order o~ tM Bank, at its ott~ce lis[ed above, ths Toal (L) S i~ ~ Pav~ntt Urom INI at right! ot ~=s.Q~.~Q Dollars payable ~n~_ ~MI FINANCE CHARGE ~ ~~~uai monthly installments of S=~~~ . the (irst (H, i, J. K. l) S l~~0~~--- ~ ~ns~aNmeot due on . 19~. and wbsequent ~nstaltments due on (N) Total of Payments (G + M) S~~~~ cr~e ~~aY ot each month therea~ter, ?oqether vrnh a FINAL BA~~OON PAVMENT OF: ANNUAL PERCENTAGE RATE ~-m % ~O" DUE • 19 _ S • The Ba~k shall ~mpose a dellnquency charge against the Maker on any payme~t wh~ch has become due and remams ~n default fo~ a period in excets of 1O z ~n an amount equal to 596 of the amount of the principal part of the payment m deiault. In the evem that the Note ~s not pa~d ~n full at maturity, all pey- ~ e~~ ~s, whether principal, i~terest or otherwise, shall bear mterest at the mrximum legal ~ate allowed under the laws of the State oi Flonda. All psymeMS made - r~~;~eunder shall be credited first to ~nterest and then to principal, however, in the event oi detauH, the Bank may, in its sole dncretion, apply snY payment to ~ est, p?incipal and/or lawiu~ charges then accrued. It is the intention ot the pa?ties hereto that the provisions herein shall not p~ovide directly Or indirectly rne payment o~ a g.eater rate ot interest or the retention of any other charge than ~s allowed by law. If, for any reason. +r.terest i~ excesx of wth legal rate or cnarge p~oh~b~ted by law shall at any time be paid, any wch excess shall e~ther constetute a~d be treated as a payment on the prinupal o~ be retunded directly • ~ he Maker. The Maker may prepay the entue unpa~d balance of the loan a~ any t~me. If the loan is prepa~d in full, acceleratecf or refinanced, the Maker shall receive a .~;r.d ot the unea~ned porUOr. of the ~nte~est and ~nw~ance premwms computed by the Rule of 78's method, except ihat the Bank shall be entitled to retain ~~,.n~mum interest charge ot ~1.00• CREDIT LIFE AND CREOIT LIFE & OISABILITY INSURANCE ARE VOLUNTARY AND NOT RE~UIRED FOR CREDIT Such insurance coverage is .,~iahle at the cost designated Ae~ow ~o? the term of the credit: (a) S fo. Credii Li(e Inw~ance {b1 5 ~4" C~edit l~(e & D~sabiGty Insurante •,-ck ? Cred~t L~fe Inw~ance ~s desued on the hit of ' Birthdate . ? Cred~t L~~e & O~sab~~~ry Inw~ance is des~rect on , B~rthdate LI Cred~t l~te and/or D~sab~l~ry Insuran~:e is not desued. ; Z~l1~l~ Z~~ L'7' S~ynature i ' . Signature - I as security to~ the paymem o~ 2he Note the Maker hereby granu to tAe Bank a security interest in e following pr rtY: i --Lot f 1071. SretLa II . oUYDOO~ ~ESOSt~ OP YRRICI? at ~etle~ I.~la~+d. J~a 1~ah. l~ida E aa iaerii~ ~!d *_s~is. € -:ud~ng all increases. subsn[uuons, rep~acements, addit~ons and access~ons thereto and ~n the proceeds thereof (here~nafter called Collateral Thn secunty ~~~~eu shall also secure any other indebtedneu o~ Gab~lity ot the Maker to the Bank duect or induect, absolute or conungent, due or co become due, now ex- ` ~ ng o~ hereaiter ansing, includ~n9 all fut~re advanCes or loans by ihe Bank to ihe Maker. . ~ ~ The Bank is also given a I~en and a secur~ty inte~est ~n all property and secur~t~es of the Maker, endorser, surety, gua~antor or accommodation party of this ~ .~;e (here~nalter referred to as the '"Obhgori "1, ~ow i~ a at any ume he~eahe~ com~~g ~~~o the rnntrol, custody or possess~on ot ihe Bank, whethe? for the ex- ~ ..~ssed purpose of being usecl by the Bank as Collateral, o? for any othe? purpose, and upon any batance or baiances to the cred~[ of any accounts, including ~ :s~ and agency accou~ts ma~ntained wrththe Bank by any of the Obhgon, and the Obl~gors agree to defiver to the Bank addiuonal Collateral or make such ~ ~~~nents in redutuon ot the p~inuPal amount of the loan as shall be sat~sfactory to the Bank, ~n the event the aforement:oned Coltateral shall decfine in value i,ecome unsatisfaetory to the Bank. ~ i+dd~t~ons to, reducUOns or exchanges o(, or subst~tubons for the Collateral, payme~ts on account o( th~s loan o~ ~ncreases of the same, or other loanz macie ~ r.,tly or wholly upon the Collate~al, maY from time to ume be made w~thout affecting the provis~ons of this Note. The Bank shall exeruse reasonable care m ~ custody and preservaUOn o( the Collateral ro the extent reqw~ed by apphcable statute, arxf Shall be deemed to have exercised reasonable care ii it takes such .~s~. ~:un for that purpose as Maker shall reasonably reques~ ~n wrlt~ng, but no om~ssion to do any act not requested by Maker shafl be deemed a failure to exercise ~ ~~s:~naWe cOrE, and no om~u~on to tomp~y with any reyuest oi Maker shall of hseli be deemed a failure to exeruse reasonable care. Bank shall ~ot be bound to K~~ any steps neCessary to preserve any reghts in the Collateral againit prio? part~es and Maker shall take alt necessary steps for wch purpeses. The Bank or ~ts ~ ~~~~nee need not coltect m[e~est on, o~ a pr~rxipal o~, any Collateral or give any nouce with respect to it. ~ The Ba~k may cont+nue to hold any Co~lateral deposited he~eunder aite~ the payment o~ this Note, rf at ihe time oi the pay~nent and dixharge hereof any of ~ •n.- pa~UEf hable tor the payme~t hereot shall be the~? duectly or contingently hable to the Bank as Maker, endorser, surety, guarantor or accommodation party z ~.;ny other note, dratt, b111 of ezchange, or other instrument, o. otherw~se, and the Bank may thereafter exerc~se atl r~ghts w~th respect to said Collatela ~ ;~-,red here~n even thougb this Note shaU have been surrer?dered ~o the Maker. - ~he Bank deems ~tse~t ~nsecure or upon the happe~ing of any of the tollow~ng events, each of wh~ch shall conshtu[e a de(ault, all i~ab~liues ot each Maker tu • Bank. ~ncluding the eMire unpa~d principal 01 this Note and accrued mterest, tess any unearned interest a~d any ~nte~est in excess of the maximum allowed ~ ,y ~~w and any rebat2s reyu~red by ~aw, shall immed~ately or [hereaRer, at the opbon of the Bank, except that the occurre~ce of (cl or (d) shall cause automar :~.ce~erauon; wrthout notice o. demand, becomedue and payable: Ia) the tailure of any Obiigo~ to perform any ob~~gat~on, I~ab~fity or claim to the Bank, to pay ~ ~•e~est hereon within l~days after it ~s due, or if there is no due date, after it is b~lled or otherwise requested or demanded, o~ to pay any other I~ability what- -~.e~ to the Bank when due: Ib) the death of any individual Oblgor, the dissolution oi any partnership Obligor or the d~ssolut~on, merger or consolidahon w~th- ;he Bank's pnw wntten consent ot any corporate Obligor; (c) the ~ihng of a petrtion m bankruptcy or the adtudicauon ot ~nsolvency or bankruptcy unde~ ; reorgamzaaon, arrangement, readiustment of debt, dissolution, hquidation or similar proceed~ng under any Fede~al or state statute, by or against any uor; (d1 ao app~~cauon for the appo~ntment of a rece~ver for, or the making of a gene?al auignment ior the benefit of creditws by, any Obligor, le) the entry ;udgment agamst any Obligor, the iswmg of any attathment or garnishment, or the tilin9 of any tie~, aga~nst any property of any Oblrgor; (9) the tak~ng of ssess~on o~ any wbstant~al part oi the property o1 any Ob~go? at the instance oi any governmental authwity; (h) the determmat~o~ by the Bank that a materi- ,dverx change has occurred m the tinanc~al conditioo o~ any Ob~~gor from the conduions set torth in the most recent (inanc~al starement of such Obhgor etofore fumished to the Bank, or from the condition of wch Obligor as heretotae most recently disclosed to the Bank, or that a~y warranty, representat~on, rt r~hcate or statement oi any Ob~go? Iwhether co~tained in this Note or not) pertainirg to or in connectwn with this Note or the loan ev~denced by this No~e ~~ams an untrue statement oi matenal tact or omits to state materiat lact necessary in order to make the statements made not m~sleadm9: or, (i) the ass~gn- by any Maker of a~y equity in any of the CoHateral without the pria nwitter. consent o~ the Bank. i.+ The Ba~k shall have, but shall not be hmrted to, the (otlowing rights, exh oi wh~ch may be exercised at any time whether or not this Note is due: (i) to ~dqe a transte. this Note and the Collaterol and the Bank shall thereupon be relieved of all duUes and respons~bilities hereunder and reheved lrom any and all ,.~n~l~ty with respect to any Collateral so pledged or traru(erred, and any pledgee or trans~eree shall 1or a~l purposes stand in the p~ace of the Bank hereunder arxl n.,~v all the rights oi the Bank hereunder; (ii) to transfer the wfiole~a any pa+t of the Collateral into the name oi rtse~f or ~ts nommee: (in) to vote the Collateral: to noti(y the Obligors of any CoUateral to make paymem to the Bank of any amounts due or to become due thereon; (v) to demand, we fo?, collect, o~ ^.;ke any compromise o. setdement it deems desirable with reference to the Collateral; and (vi) to take possess~o~ or con~rol of any proceeds o~ Collaterat. ~ -,~i~4 ~r ~ ~ goRK 304 PA~~ 649 NOTICE: SEE OTHEfi SIDE fOR IMPORTANT INFORMATION ~ F HS 752 Rav. 7/77 - - - ' ' . a ~ . _ _ ~ ~ . , r•.~