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Home My WebLink About0933 " T, . _ . _ . ' ~ ! INS LMENT PROMISSORY NOTE . ~ . t . ~ ~ (A) Amount Rtce~ved S_~0~~,~__ ~ eq"~E ~ (B) Pr~mium tor Credit ~ ' Lit~lDiwbility Ins. _ . ~ J~,r_,~€~~~~~~ ICI Docum~nury Stamps ~ S ' OF IC AOD (D) OtMr Chary.s litemiztl. t . ~ ` IEI ' t -d• * NOTE NO. DATEO: ~ ~ . 19 • (F) i (G) Amount Financed ' ~ DUE: ~ ~g (A, B, C, O, E, F) S_.,~,ly„u~ . (H) Int~rat 3.~ PLACE: ~ . FLORIpA UI Cndit I~wstigation S ' ` IJI Othtr S For value r~ce~vsd, tM undsrsi~ed (her~i~a(ar eslt~d "Alsker") jointly and seve~~lly (if (KI S rnore than on~) promise to pay to the order of tM Ba~k, st in oific~ Iisted above, the Total ~ ~ ~ o? Paymtnts (trom lN) at rlght) of ~.~Qr~ Dollars psyable in ~ s-~' ~~c~ual monthly i~taHments ol S~~-~ , the tirst ~MI FINANCE CHARGE (H, 1, J, K, L) S__~~~~._ ~nstallment d~1e or+ 1~ , 19~, and wbsequent instaltments due on ~N) Totsl of Paymeot:IG + M) S tnj,~_day oi each month thereafter, togsthe~ wnth a FINAL BALLOON PAYMENT OF: ANNUA! PERCENTAGE RATE ~ ~ X S ~ . DUE ~~w , 19 ' ~ The BaiJc shall impose a delinquency charge agaiMt ths MakN o~ any payment which hss becoms dus and remai~s in default (or a period in sxa~a of ~O <:.~YS ~n an artw~lnt ebua~ to 59~. of tl?e amou~t ot the principal part ot the payment in default. In the event thst the Note is not paid in full at maturity, all pay-, rtten[S, whethK principal, interat or otherwise, shall bear interest st the maximum legal rate allowed u~ the laws of the State of Ftorida. All paynlents rt?sde ne* eundsr•:hitl bt credited tirst to interest and the~ to printipal, however, in the event of default, the Bank rtWy, in its so~e distretion, apply any paymtnt to. ~ nte,es[, p?incipal and/o? lawtul charges then accrued. It is the intention ot the parties hereto that the provisions herein SFWII not provide direCtly or iedireCtl~/ ~he paymerit of a greate~ ?ate of interest or the retention ot am othe? charge than is albwed by Iaw. tf, iw a~y reason, i~[erest in exceu oi wch legat rste oc - , cnarge prohibited by law shall at any time be paid, any such ezCess shall eitha~ constitute a~d be treated as a payment on the principal w be rotunded diractly- the Malc9r. The Maker may prepay the ent~re unpa~d balance of the loan at any time. If the loan is p~epaid in full, accelerated o~ re(inanced, the Maker shall .receive a ~-•und of the unearned portion ot the interest and inwrance premiums computed by the Rute ol 78's method, except that the Bank shall bt entitleil to ~etain : !rnn~mum iolBrlf! CAargC of .~,1.(~0. CREOIT LIFE AND CREOIT IIFE & DISABILITY INSURANCE ARE VOLUNTARY AND NOT HEQUIHEO FOR CREOIT. Such inwrance coverage is ...,!able at the cost designated be~ow tor the te~m of the creditc (a) S tor Credit Li(e Inwrance (b) S.J,Q, ~ C~edit Lite~ Dilabilrty Insurance: ~ ^eck m Gedit Life Insurance is desired on the life ot ~~f~~ ~ A.~-~p~. Mi ~~.VW~w~s-=~~e~ - . ' Birt~.date Ll~i~ T ~ . ~ . a. - • - ;3 ? Credit Life & Disability Insurance is desired on _ Binhdate ' ' 1 ' ~ ? ? Credit Life andlor Disability Insurante is nOt dCSired. _ . ' , ~ / i ~,e ~s i~! Signature . • . . . _ . - . , , j• ~ y ' ~ ' y S~gnawre As secunty for the payment oi the Note the Maker he~eby ~rants to the Bank a security inter~st i~ the followirg property: Lot /isl. f~tL~~.~ ~~OOt ~tl~ ~ ~tlr1 . 4~ ..t,~ ~.i.?i~~ - . . _ , , . , • - . ` ~ r . _ _ ` ~ . I~ ~~cluding all increases, wbstitutions, replacements, addit+ons and acceuions thereto and in the p~oceeds thereof (hereinaiter called "Collateral"l. This security ~ ~e~est shall also secure any othe? indebtedneu or liability o~ ihe Maker to the Bank direct or indirect, absdute or contingent, due w to become due, now ex- ~ sr•ng or hereatter arisi~g, including all (utwe advances w ~oans by the Bank to the Maker. E The Bank is also given a I~e~ and a security interest in all property and securities of the Maker, endorser, surety, guarantor or accommodatio~ party of this i Note Ihereinatter referred to as ~he "Obl~gori '1, nori in or at any Nme hereafter com~ng mto the control, custody or possess~on of the Bank, whether (or the ex- ~ u~essed purpose of being used by the 8ank as Collateral, or for any other purpose, and upon any ba~ance or balances to the cr4dit of any accou~u, includirg ! ~•ust and agency accounts mainta~ned withthe Bank by any of the Obligors, ar?d the Obligors agree to delivgr to the Bank additional Collateral or make such ~ ,yme~ts i~ reduction ot [he principat amount o( the loan as shall be sat~sfactory to the Bank, in the event the aforementioned Collateral shell decline in value ~ • vecome unsatisfactory to the Ba~k. ~ Additions to, reduchons or exchanges of, or substituUOns tor the Collatera~, payments on account of this loan o? increases of the same, or other loans made ~ ,:_,~t~alty or wholly upon the Collateral, may from time to time be made without at(ecti~g the provisions of this Note. The Bankshall ezerc~se reasonable care in ~r,~• custody and preservation of the Collateral to the extent required by applicable statute, and shall be deemed to have exercised reasonable care ii it takes such ~ ~c non to. that purpose as Maker shalt reasonably request in writing, but no omission to do any xt not requested by Make~ stsa~l be deemed a failure to exe?cise ' ~ ~e,+sonable care, and no omiuion to comply with any request of Maker shall ot itseli be deemed a(ailure to exercise reasonable care. Bank shall not be bound to m +..,ke any steps necessary to prese.ve any rights in the Collateral against priw parties and Maker shall take all necessary steps for such purposes. 7he Bank or its ~ ~.;mmee need not collect interest on, or a p~~ncipal 01, any Collate~al or gi~e a~y nouce with respect to it. ~ The Bank may continue to hold any Collateral deposited hereunder atter the payment of this Note, if at the time of the payment and discharge hereoi any of cF~o part~es liabte (or the payment hereot shall be then directly o+ cont~ngently IiaWe to the Bank as Maker, endorser, wrety, guarantor or accommodation party ~ of any other note, draft, bdl oi exchange, or other instrument, or otherwise, and the Bank p~y thereafter exeruse all rights with respect to said,Collate~al ~ c-an~ed herein even though ttiis Note shaU have been surre~dered co the Maker. r t f ehe Ba~k deems itself msecure or upon the happen~ng of any of fhe foltowing events, each of which shall const~tute a deiault, all Jiabtlihes of each Maker to ~ c~~r Bank, including the entire unpaid pnncipal of this Note and accrued interest, less any uneamed interest and any interest in excess of the mazimum allowed . hy law a~?d any rebates ?equired by law, shall imrt~ediately or thereafter, at the option of tbe Bank, except that the occurreoee o( ic) or (d) shatl cause automat- ~ ~c acceleration;without notice ordemand, becomedue and payable: la) the tailure of any Obligor to pe~form any.oblgaiion, liabitity or claim to the Bank, to pay , ~e~est hereon within l~days atter it is due, or if there is no due date, aiter it is b~lled or otherwise requested or demanded, or to pay any other liability what- ` s,ever to the Bank when due; (bl the death of any individuat Obligor, the dissolutia? o~ any partnership Obligw or the dissolution, merger or oonsolidauon with- ~ ;uc the Bank's priw writte~ consent oi any corporate Obligor; (c) the tiling of a petition in bankruptcy or the adjudication of insolvency w bankruptcy under ~ ,ny rewganization, arrangement, rpadjustment of debt, dissolution, li~uidation or similar proceeding under apy Federaf or state statute, by or against any tr Obt~gor; (d) an application for the appo~otment ot a receiver for, or the making oi a general assignment for the ber?efit of creditwi by, any Obligor; le) the entry .~f ~udgrtient e9aiast any Obligor; the iswing o~ any attxhment or garnishment, w the fili~g oi aoy lien, against any property of any Obligor; (g) the taking ot oossession of any:ubstantial part oi the propcrty of any Obligor at the instance of any governmental autho~ity: (h) the deterrpination by the Bank that a materi- ,I adverse char?ge has occurred in the financial condition oi any Oblgor from the conditions set (orth in the most recent tinancial stateme~t of such Obligor ~ he~etotore furnished to the Bank, or (rom the condiuoo oi wch Obligor as hereto(ore most recently disc~osed to the Bank, or that aoy warranty, representation, % ce~c~f~cate or statement oi any Obligor (whether contained in this No(e o? not) pertainir?g to or i~ edhnection with this Note or fhe loan evidenced by this Note ~onra+ru sn unt~ue statement oi material fact or omhs to state material tact necessary in order to rt?eke the statements made ~ot misleading; a, (i! the assign- ~t; . ment by any Maker o( aoy equrty in any of the Collateral wrthout the prior rvritten consent of the Bank. ~g Sghts, eaeh of which msy be exercised at any tirrw whether or not tKis Note is due~ (i) to ~ The Bank s1~a11 have, but shall not be limited to, the tollowi r ~ piedge or transfer this Note and the Collateral and the Bank shall thereupon be relieved of all duties a responsioilities hereunder and relieved from any a~d all ~ !~ab~lity with respect to any Collateral so pledged w transferred, and~x„pledgee or transteree shall foi~{I purposes stand in the place of the Bank hereunder and have all the rights of the Bank hereunder; lii) to transfer the whote any part of the Collate~al into the name of itseli or its nomince; (iii) to vote the Collateral; ~ !~vl [o notity the Obligors of any Collaterol to make payment to thef8~lt of a~y artwunts due or to becane due thereon: (v) co demand, we iw, collect, o. make any comp~o~r~w setelem~t it?dee~i?s desirable with referNce to the Collateral; and (vi) to take possess~on o~ co~vol ot any proceeds of Collateral. q ~.~'t . , ~ NOTICE: S~O~FIE~SIDE~R IMPORTANT INFORMATION ~OOK A~ ~ ~ °Q~U4P F BS 752 Rev. 7/77 . ~~wv ~ ~ _ . . _1