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Home My WebLink About2307 . ; i/~ ' ~ INSTALLMENT PROMISSORY NOTE ~i Jrt•M Wk IA) Amount Received S lBl Premium Itx Getfit - BANK NAME lift/Disability IrK. S 1!3! O~ossii • Jtt•Ma n• ~s1 ICI Documenury stamps s ~ti~9. ~ OFFIC ADDRESS IDI Other Charges litomizel s '0' lEl : "Q. ' NOTE NO. GATED: ~ , 19 ~ ~ IFI S ~a y ~ IGI Amount Financed ~~~/J~~~/~/ , /9~.1. (A. B. C. D. E. F) s 1~2 61~.~ uuE: INI interest S 1?~t~ ` Pt ACE: , FLORIpA 111 Gedit Investigation S tea" ~ ' lJl Other S ~0'¦ For value rtctiwd, th! undersigned (fttrtinafttr ailed "Maker") jointly and severslly lit (K) S - rnure than one) promite to Pell to the order of the Bank, at its ot(iee listed above, the Total ILL S tea' ~,t Pavrnents 1?-om INI at tight) of _~tml¦:~ Dollars payable in IMI FINANCE CHARGE equal monthly install Ot s. ,the first lH, 1, J, K, L) S join-L t9 ~ ,end wbssquent installments clue on 0 ~mtallme^t due On ' ~ lNl Totsl of PaYmer?ts (G + M) S ~a~- - the dsy o/ tech M tltersatter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE % g ~Q~ DUE • t9 - . The Bank shah irtlpOSe s delinquency charge sgainst rite Maker on anY WYntertt rtes become dt~ artd remains in default for a period in extxss of lO + rays ~n an amount equal to ~1Xi of the amount of the principal part of the payment in default. In the event that the Note is not paid in full at maturity, all pay- n,ents, whether principslr interest w otherwise, shall bear interest at the maximum legal rate allowed under the laws of the Stste of Florida- All payments madt i,e~reunder shall be uedited first to interest and then to principal, however, in the went of default, the Bank may, in its sole discretion, apply any payment to interest, principal and/or lawtut charges then accrued. It is the .intention of the parties htreto that the provisions herein site)) not provide directly or indirectly !,.r the payment of a greater rate of interest or the retention of arty other charge than is albwad by law. If, for any reason, interest in excess of wch legal rate or charge prohibited by law shell at any time be pad, any such excess shall either constitute and be treated as a paYntent or? the prirxipal or be refunded directly , the Maker. The Maker may prepay the entire unpaid balance of the loan at any time. If the loan is prepaid in full, aeceterated or refinanced, the Maker shall receive a - ~•rund of the unearned portion of the interest and inwrance premiums computed by the Rule of 78's method, except that the Bank shall be entitled to retain rn,nrmum interest dsargt of 1.00. CREDIT LIFE AND CREDIT LIFE & DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Sue insurance coverage is ,,.;riahle at the cost designated below for the term of the uedit: lal S ~a for Credit Lile Inwrance Ibl S r~,. Credit Life 8 Disability Inwrartce: check ? Credit Life Insurance is desired on the life of >I t Birthdate ? Credit Life I1r Disability Inswance is desired on Birthdate Q Cr it Liie and/or Disability Inwrance is not desired. ~ ~ c ` / j ~ 7 Signature s~ ~ :~,,re _ h _ Signature 1 ' - as security for the payment of the Note the Maker hereby grants to the Ban a secu t rn~erest r following property: Lot l37t ~ttlroM Zt, aRD00t ~ tt Mattlrr Llad; JfNNta 1~sk. ~ fa ~ rtt~~. ~•~cluding all increases, substitutions, replacements, additions and accessions thereto and rn the proceeds thereof Iherernafter called Collateral 1- Thrs securrty .•iterest shall also secure any other indebtedness Or liability of the Maker to the Bank director indirect, absolute or contingent, due or to become due, now ex- ~~i ,t,ng or hereafter arising, including all future advances or loans by the Bank to the Maker- I The Bank is also given a lien and a security interest in all property and securities of the Maker, endorser, wrety, guarantor or accommodation party of this 'vote (hereinafter referred to as the "Obligors '1, now in or at any time hereafter coming into the control, custody or possession of the Bank, whether for the ex- - ;pressed purpose of being used by the Bank as Collateral, or for any other purpose, anti upon any balance or balances to the credit of any accounts, including- ••~.,st and agency accounts n?aintained with the Bank by any of the Obligors, and the Obligors agree to deliver to the Bank additional Collateral or make such ~ ;•.:yments in reduction of the principal amount of the loan as shall be satisfactory to the Bank, in the event the aforementioned Collateral shall decline in value i,ecome unsatisiaetory to the Bank. ~ Additions to, reductions or exchanges of, or substitutions for the Collateral, payments on account of this loan or increases of the same, or other loans made ;Wally or wholly upon the Collateral, r^aY from time to time be made without affecting the provisions of this Note. The Bank shall exercise reasonable care in custody and preservation of the Collateral to the extent required by applicable statute, and shall be deemed to have exercised reasonable care if it takes such ,ct ion for that purpose as Maker shat! reasonably request in writing, but no omission to do any act not requested by Maker shall be deemed a failure to exercise 1 easonable care, and no omission to comply with any request of Maker shall of itself be deemed a failure to exercise reasonable care. Bank shall not be bound to t :..e any steps necessary to preserve any rights in the Collateral against prior parties and Maker shall take all necessary steps for wch purposes. The Bank or its • ,mince need not Collect interest on, or a principal of, any Collateral or give any notice with respect to tt. The Bank may continue to hold any Collateral deposited hereunder after the payment of this Note, if at the time of the payment and discharge hereol any of $ •ha_ parties liable for the payment hereof shall be then directly or contingently liable to the Bank as Maker, endorser, surety, guarantor or accommodation party „f any other note, draft, bill of exchange, or other instrument, or otherwise, and the Bank may thereafter exercise all nghts with respect to said Collateral f ,,ntrd herein even though this Note shall have been surrendered to the Maker. tf the Bank deems itself insecure or upon the happening of any of the following events, each of whicA shall constitute a default, all liabilities of -each Maker to •e Bank, including the entire unpaid pnncipal of this Note and accrued interest, less any unearned interest and any interest in excess of the maximum allowed • :,y taw and any rebates required by law, shall immediately or thereafter, at the option of the Bank, except that the occurrence of (cl Jr Idl shall cause automat- .,cceleration;without notice or demand, become due and payable: la) the failure of any Obligor to perform any obligation, liability or claim to the Bank, to pay ,•.n•rest hereon within 10days after it is due, or if there is no due date, after it is billed a otherwise requested or demanded, or to pay any other liability what• s-;ever to the Bank when due; lbl the death of any individual Obligor, the dissolution of any partnership Obligor or the dissolution, merger or consolidation with- ~;~t the Bank's prior written consent of any corporate Obligor; Icl the filing of a petition in bankruptcy or the adjudication of insolvency or bankruptcy under ,ny reorganization, arrangement, readjustment of debt, dissolution, liquidation a similar proceeding under any Federal or state statute, by or against any Uhlrgor; (d) an application for the appointment of a receiver for, or the making of a general assignment for the benefit of creditors by, any Obligor; lei the entry r,' ludgrttent against any Obligor-, (1) the iswing of any attachment or garnishment, or the filing of any lien, against any property of any Obligor, (gl the taking of tx,ssession of any wbstantial part of the property of any Obligor at the instance of any governmental authority; lhl the determination by the Bank that a maten- adverse change has occurred in the financial condition of any Obligor from the conditions set forth in the most recent financial statement of wch Obligor ne•erotore furnished to the Bank, or from the condition of wch Obligor as heretofore most recently disclosed to the Bank, or that any warranty, representaUOn, ~ , e: trficate or statement of any Obligor (whether contained in this Note or not) pertaining to or in connection with this Note or the loan evidenced by this Note ~ , ::ntairif an untrue statement of material fact or omits to state material fact necessary in order to make the statements made not misleading; or, (i) the assign• ~ sent by any Maker of any equity in any of the. Collateral without the prior written consent of the Bank. x. The Bank shall have, but shall not be limited to, the following rights, each of which may be exercised at any time whether or not this Note is due: ii) to r~'edge or transfer this Note and the Collateral and the Bank shall thereupon be relieved of all duties and responsibilities hereunder and relieved from any and all ahrlrty with respect to any Collateral so pledged or transferred, and any pledgee or transferee shrul for all purposes stand in the place of the Bank hereunder and have all the rights of the Bank hereunder; (ii) to transfer the whole or any part of the Collateral into the name of itself or its nominee; (iii) to vote the Collateral; !.vl to notify the QDI.rg.c~ fQi<any ColMterel to gwkt payment to the Bank of any amounts dos or to become due thereon; Iv1 to demand, sue for, collect, or sake any comprotltieee Qr settlement it dams desirable with reference to the Collateral; and (vi) to take possession or control of any proceeds of Collateral. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION ~~OK+~'~ ~a~F~o~ F BS 7S2 Rev- 7/77