HomeMy WebLinkAbout2574 21.000.00 Stuart, Florida, ~t"t h 6 1974 Note /
See payment schedule beltnr after date the undersigned (and if mon than one. each of them
j~,;ntly and severally), hereinafter called Maker. promises to pay to the order of ~
FIRST NATIONAL BANH AND TRUST COMPANY OF STUART i
------------TI~IENTY-ONE THOUSAND AND NO/100------------------------- Dollars•
it, office at Stuart, Florida,
o rag, stamps, t t e ins.,
;~chieh amount includes Proceeds of; 20.429.50 plus other charges a~! esl~ fie; ~aY;
escnbe) traMf
„f s 57~ _ 5A _ resulting in an AMOUNT FINANCED of ; ~e~ with interest at an ANNUAL ~ERCENTAGB RATE of
_ 1
fl~nJo payable Sop hey ^~w which raults in a FINANCE CHARGE o[ S ~ ~ ~n~ ~ (imputed on a 6 month maturity, if
~lcmand obligation). I[ not included above, other charges ~/A in the amount of ; have been
(Describe)
~„Ilected from Maker. As security for the payment of this note Maker has pledged or deposited with Bank the following property:
.~~UKE AT ST LUCIE, ING -
Repayable in 120 monthly instalments of ;277.52 including principal and interest
l inciudixg all cook, stock axd otAtr diroidtxds axd all ripkb to sttbser~ jor sttreritits ixeidtxt to, declared, or graxted ix eoxxtetiox with
xu,•h property), rcJtitA property, togetAer rvitA a!l additions and subttitutioxs Atria/ttr pledged or deposited witA Bark is called flit Col-
tat,•ral. TAt Collateral is alto pledged as security /or all otAtr liabilities (primary. steoxdoty, direct, eoxtingtxt, tok, joint or several),
,t~,e or to become due or roAitk xray be Atria/ter toxtraeted or aegxirtd. o/ eaeA Maker (exelxdytg eaeA Maker and any other person)
to !lank. TAe trtrrtxder o/ this rote. upon payment or otAerwist, skaU not a//eel tkt rggAt j/Baxk to rttane tAt Collateral jor sueA
„ther liabilities. J
Additions b. reductbns or s=changes of. a substitutbos Mc the CoUatsral, palmsnts m amount d this loss or iaaeasss d tl?s same. or othK
!Daces made partial!! or wholll upon the Collateral. soar from lima b lima bs mach without Ihs pmvisioos d this nob. Dank shall e>osrciss rsasoa-
able cue in the eustodr and preservation of the CollalKal b the s><tent rsgrritsd bt .and shall be deemed b hairs s>osrdssd rsasonabM
care if it takes such action for that purpow a• MakK ehaU ssasonabl7 request to but no b do sal set not requMMd bl Uake' shall bs 1
i deemed a failure b secedes reasonable care, and ao omleaba b oosPll with sal of Make shall W ILeN be deemd a fallrrrs b e:erciss reaeoo-
' able care. Bank shall not bs bound b tab and steps nsoessarl b pnastve and is to the Coils agafost prior parties and !faker shall tab all aeo
~ essarr slaps for sutA purposes. Bask or its nomiaes need not collect tntKest as oe d any a1 os give sal notce with respect b ie
ll the Collateral shall at sal tiros become uosatLtaclorl b Dank ahaD wi one dal atMr demand pledge and deposit with Dank a• part d [
the Collateral additional pmpsrtl which is satistactosl b Bank
if Bank deems ibelt inseetus, of upon the happsninq of sal blbwinq eveab, seed, d whkh shag ooostituN a detadt hsrwadsr, aB i
liabilities of each MakK b Dank shall thereupm or thK at the o! Bank. without notice ac demand. bsotxs~s dw and palsbM: (a) lsilurrt
of anp Obligor (which term shall mean sad include sseh K, endorMr, twrell and guarantor of this nob) b perform sal agreement hKeunder. b
pay interest hereon within ten dale atNr @ is billed ~ o1h rwiss requested of dsntandsd. or b pal sat othK liability wl?atswvK b Beak when due: (b)
the death of and Obligor: (e) the illiaq of_ and petition the plel Ad. or and similar tactual or ataM statute. bl or against sal Obligor: (d) as
application tae the appointment of a receiver for. the making Brat asslgament for the benefit d ersdltors bY• ~ the insoivsnel d sal Obligor: (s)
the craft! of a l,dgmeat against and Obligor: W th d and attachment ar garnishmsat. a the filing of sal lies. agairW sal propsrtl of sal
Cbligor: (q) the taking of posesssion ai and part of the Qsoperil d ear Obligor a['ths fastaaee d and govsrnmsatal authorUl: (h) the dis•
aolutioa, mergK, mosolidatiao. or rsa[ganiratioo sal Obligor; (U the assignment bl any Mabr of sal :quit! in sat of the CoWteral without the written
consent of Dank
Doak shall hates, bat shall not bs limited b, the lolbwioq rights. each d which m+l bs s>osrcLd at sal the whell?sr ar sot this nob i. dw: W
r to pledge or transfK this note and the CollatKal and Doak shall tltstwpon be relieved of all duties and rsspoosibilitMs hsrsundst sad relieved trots
any and all liability with respect b sal Collateral so pMdged or transferred. and any pledges or transterse shall for aB purposes stand 1n the pLa of
Beak hKeundK and love all the rights of Doak hereunder: (W b traaitK the whop or and part of the Collateral inb the name of fWll o[ its aosinee:
iiiil to voN the ColLteral; (h) b notitl the obligors m and Colkteral b mob palment b Bank of and amounts dw or b become dw fhKeon; (v) b
demand, efts lot. collect. or make and compromiw a ssttbment i< deems desirable wrath reterenos b the Cotlaletal: and (vq b tab oontroi of sal prowsds
at Collateral.
Doak V hKSbl ghee a Ilan upon and a ::curie! ialetest is all propsrtl of each Obligor sow a at sal elms hardatnr is the possession ~ Beak
f3 ear ppadel whatsosvK, including but not limited b and balance or shoe of +nl dsposit, tnrst. or agsnq amount. as sseuritT for the palmsnt d
thv note. and a similar lien upon and seeurNl interest is all such propertl of each Mabr as ::curie! fns the palmsal of all other liabllfties of each Maker
!o Bank (ladudinq liaMtitiM of each MakK and sal othK person); and Dank shall have fhe cams rights Y b such ptopertl as H has with respect b the
Collateral.
if Doak deems tbelt insecure ar upon the oocurrsnce d and default hKeundK Dank shag hays the rsmsdiee of a sscwd peril ender the Unf-
form Commerdal Cods sad. without lisnitinq the gensraliq d the focegoiaq. Beak shall have the right. lmmedlatell and without trlrthK action bl it, b
set oft against this aoAs aB mood awed bl Dank is sal ppadtl b sash or sal ObSgor, whether or net dw. sad also b set ofl against all olbK
llabtlities d each MakK b Doak all roosts! owed bl Doak in sal wpadtl b . each a and MakK: sad Bank shall be deemed b have •:Ktissd such
right of ::toll sad b have marls a charge agaimt and such morsel bamsdLMll upon the oocurrsaes of :rash dstauh suss though such chugs i• roads
a or entered oa the boob d Doak atbssqusat thereto. Unless the Collaaral fs psriehable ar threatens b decline spssdill la valve ar L at a type sus-
tomarUl sold as a rsoognised matte. Dank wtll qhs Maker rsasonaWs sotto: d tbs rims and plan at sal public sale thKeot or of the rims after which {
am privaN sale or sal othK fatsndsd disposition thereat fs b bs roads. iM requirement d reasooabM aotks shall bs met B such notlos b maibd.
postage pnpafd. b sal 1ltaker at the address ghen bsbw ar at and other address shown as the reeards at the Bank. al least the dais helots the tins
o! the sale or disposfsioa. Upon disposition of sal Collateral aitK the ooeurnncs of and default he»uadK, MakK shall be sad remain liabM !or sal
~ dsfidencl: sad Doak shaft aoootmt b MakK for and surplus, brat Dank shaII hays the right b appll all a and part d such surplus (ot b hold the cams
u a resew: agafosU sal sect aB othK Iiabllitise d each ar snl MakK b Dank.
l!lo dslal or omlasioa as the part of Bank is sssrdsinq sal right hKeundK shall opsraM as a waivK d such right a d and othK cignt under
this Hots. pnssadsat, de®artd. protest. aotioe d dishonor. sad ssMasion d tins without notice an hsnbl waived bl each and ever! Obltqor. The
Obliques, lofntl7 and Nvsral}l, promise sad agree b pal aD eoels d ooilKlioa sad atlorasls' Mss :goal b _1096 of the prindpal sum a such larger
amount as ssl bs rsasoaabls sect lust incurred or paid bl Dank is eofoedaq thY aoN upon the ooeurrenos of aol detauft. Aral notice b Ma1tK shall
bs attttideatll sacred foe aD purposes H plead fo the maLL postsge pespatsd. addrsesed b or felt upon the premises at, the addrep shown Usbw a and
othK addrsr shaves on Daak9 records. -
Mahe aebawlsdgss rsafpt of a oomplMsd mpl d this NoM an the above daM.
Annat~s: '
gOGK tSEAlJ
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