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Home My WebLink About0869 INSTALLMENT PROMISSORY NOTE _ ~ J~~ ~ (A1 Amount R~tt~wd Ss7•~a•~ 9ANK NAME (B) Premium (o? Ct1d~l ~ Life/Uisability Ins. t , 193' Co~IN~e1il 3t. ~ J~~s ~a~C14 tlutl+d~ 134ST (C) Documentacv Surt+ps s L~- OFFICE AOORESS (U) Oth~r Chsrges (~tem~t~l S !4"' ~e? s ~:OTE NO. OATEO: l~ 19~~. (FI S_s!} IGI Amount Finanted O.~ i~uE ~_W~1 ~l . 1~-• (A. 8. C, D, E. fl S - (Hl Inu~est S ,ts-.~~•ls F'i ACE: 'j~~ ~b , FlORIOA (1) C~sdit Invesligation S IJI Other S for value raCerv6d, tht undersigr?ed (Mrtioilter called "Makei jointly and severaUy (ii +K) S ~n~,re ~han one) promis~ to psy to the order of ihs Bank, st its oftice Gsted above, the Toal , Payments Urom tNi ~t riyAN ot ~~a~0.~ Oo~lsrs pavable i~ fLl s '~t7_'~ , tne ti.st ~M) FINANCE CHARGE i ~~O.L ~ iual monthly mstallrtK+?tt ot S (H, 1, J, K, l) S~~ . : ~~,s~aumeot due on,,,~..~,~ . 19_~. and subsequent iostallments due oo (N) Total oi Payme~n (G + M) S~:-~~-~ y cr~e~Yav ot saclrnw~th therestter, together with s FIN~?~ BA~LOON PAYMENT OF: ANNUAI PERCENTAGE RATE . lO.AO % , 5 _ ' DUE . 19 e . The Bank shall impose a delinquencY charge against tAa Msker on any payment w1~~ch has becorne due and remains in defauh (w a period in exceu of 1O . i.~; s ~n an amount aqual M~Xi ot the amount of the p~~ncipal pa~t of the payment in detault. In the event that the Note is not paid in full at maturity, all pay . ~~~~~s, whethe~ principql, interest or otherwise, shatl bear interest at the maximum legal rate allowed unde? the laws of tne State of Ftorida. All payments ma[te •~~~eunder shalt be uaditod tirst to interest ar?d then to principal, however, in the event ot de(ault, the Bank may, in its so~e discretion, app~y any payment to .~,!t~~est, princ~pa) end/o~ ~ewfu~ charges then accrued. It is the imention oi the pa~ties hereto that the prov~sions hereie shall not provide directly or iodirectly •:he payment of a greater rate ot interest or the retention ot any other charge than is allowed by law. 11, tor any reaso~, interost in excess oi wch legal rate or , n<.rge proAib~ted by law shall at any time be paid, any such excess shall either constitute and be treated as a payment on the principal o~ be refundecf d~rectly • ~ne Maker. The Maker may prepsy tbe Qntire unpa~d balance of the loan at any time. If the loan is prepa~d in tull, accelereted or refinanced, the Maker shall rece~ve a ~„r~d ot the unearned portior oi the inte~est and mwrance premiums computed by the Rule of 78's method, except that the Bank sha11 be entiUed to ~etain ~~~~umum interest tharge Of ~6•00- ;.REDIT UFE AND CREUIT LIFE & OISABIIITY INSURANCE ARE VOWNTARY AND NOT RE~UIRED FOR CREOIT Such msurance coverage ~s .~~~,~ble at the cost desigoated be~ow tor the term ot the credit: (a) S lor Credit Life Inwrance (bl 5 ~a C~ed~t L~fe& UisaDility Inw.ance: ~ L! C~eclit life Inwrance is desired on the Irfe ot Birthdate ~~t~' - L~ Gedit L~fe & Disability InsuranCe is des~red o0 Birthdate LI Credit Life and/w Oisabitrty Insuraoce is not des~red. ~ ~ ~ J ~si~ _ s~9~~~.e 2maS~ Stric . / ~ ~ ? ? S~gnature s ' • * ~6 ~.c t.+~ Ti i As secunty for the payment of the Note the Maker hereby grants to the o a n y in r f ~n o owing prope?ty: - ~~~y~ ~ ~ ~ i L~`;.ll[ i~~c~ii a d s,~l~L R TOf,~~ I~~wwtl~~ ~t~ ~{a t~fflt~~~i ~.~/EI ~tAN 35, i lii~~ ~1lAl~~ f~6;~ ~ Y~11f ~Z~~ 1u~~ng all ~ncreases, substitutions, ~eplacements, additions and accessions th??eto and m the proceeds thereof (here~nafter calleci Collaterai 1. This secunty ~~~~est shalt also secure any other mdebted~u or liabil~ty of the Maker to the Bank direct or induect, absolute or comingent, due o~ to become due, now ez- ~ ,~•r~g or hereafter arising, including aU future advances or ~oeos by the Bank to the Maker. : i The Bank ~s also given a lien and a security interest in atl prope~ty and secur~ties of the Maker, endorser, wrety, guarantor or accommodatio~ party ot this ~re (hereinatter reterred to as the '"Oblgors"?, now in or at any ume h~reafter commg into the control, custody or possess~on of ihe Sank, whether for the ex- ~ ,~~~ssed purpose ot being used by the Bank as Collateral, or for any other purpose, and upon any balance or balances to the credrt of any accounts, mdud~ng ~ •~,zc and agency accounts mainta~ned w~ththe Bank by any of the Ob~igors, and the Obllgors agree to deliver to the Bank addiuonal Collateral or make such ~ men~s in reductioo of the principal amoun[ of the loan as shall be saT~sfacrory to the Bank, m the evem the atoremenuoned Cotlateral shall decl~ne in value ~ ;;ecome unsatistactory to ihe Bank. x ~ Add~uons to, reduttions or exchanges o~, or substituuons fo~ the Collateral, payments on account oi this loan or increases oi the same, o~ other loa~s rn r,a~1y or wholly upo~ the Collateral, may from ~ime to ume be made without af(ecting the prov~sions of ihis Note. The Bank shall exeruse reasonable care m ~ ~ > custody and preservation of the Collateral to the extent required by applicable statute, and shall be deemed to have exerc~sed reazo~ab~e care if it takes such •:on tor that purpose as Maker shall reasonably request m wriung, but no omission to do any act not requested by Maker shall be deemed a failure to exe~cise ~ -~sonabte care, and no omission to comply wrth any request o~ Maker shall of itself be deemed a iailure to exeruse reasonable care. Bank shall not be bou~d to e any steps necessary to preserve any nghts m the Co~~ateral aga~nst prior pariies and Maker shall take alt necessary steps for wch purposes. The Bank or its ~,~nee need not collect interest on, or a principal oi, any Collateral or give any notice with res~ect to u. ~ The Bank may cont~nue to hold any Collateral depos~ted hereunder after the payment o~ this Note, if at the time o( the payment and discharge hereof any o ~ r,e parues bable for the payment hereof shall be then d~recUy o. contingenUy liable to the Bank as 611aker, endorser, wrety, gua~antor or accommodat~on party * ,,ny OthCr nOte, drait, bill oi exchange, or other instrument, a otherwise, and the Bank may thereafter exercise a11 rights w~th respect to said Collateral ~ ;•:,~ied here~n even though this Note shall have been swrendered to the Maker. ~ If the Bank deems ~tself insecure or upon the happening o( any oi the ~ollow~ng events, each of wfi~ch sha~l constitute a default, all I~abilities of each Maker to ~ Bank, ~ncluding the entire unpa~d pnncipal o( this Note and acuued interest, less any unearned interest and any ~nterest in excess of the max~mum allowed ~ ~,v 1aw and any rebates requ~red by law, shall imrnediately or thereafter, at the option ot the 6ank, except that the ocwrrence (cl or id) shall cause automat- ~ ,.+cceleranon;wrthout notice or demand, becamedue ard payable: (a) the tailure ot any Obligor to perform any obligat~on, liability or claim to the Ba~k, to pay =r~est hereon wi~hin 1~days alter it is due, or ii there is ~o due date, after it is billed or otherwise requested or dema~ded, or to pay any other I~abihty what- ~•ver ~o the Ba~k when due: (bY the death of any individual Obligor, the dissolutio~ o~ any partnership Obligor o. the dissolution, me~ger or consolidation wrth- ur the Bank's prior written consent ot any corporate Obligw; (c) the filing ot a petition in bankruptcy or the ad~udication of insolvency o. bankruptcy under ~~~y reorgamzat~on, a~rangement, readjustment of debt, dissoluhon, liquidauon w similar proceeciing under any Federal or state statute, by or agamst any ~i>I~gor; (d) an appliWtion for the appointment oi a reCeiver for, w the making of a general assignment for the benefit of cred~tors by, any Obligor: (e) the entry ~ ~udgment agamst any Obligor; (f) the ~uu~ng of any attxhment w garn~shment, or the tiling of any lien, against any property of any Obligor, (g) the tak~ng o~ ~ u~~zsess~on oi any wbstantial part of the property oi any Obligor at the instance oi a~y governmental autho.ity; (h) the determination by the Bank that a materi- :s ~i +,dve~se change has occurred in the fina~cial condition ot any Oblgor irom the conditions set forth i~ the most recent financial stateme~t of wch blgor ~~~~etofore furnished to the Bank, w from the cnndition of wch Obligor as heretofore most recently dixlosed to the Bank, w that any warra~ty, representation, ; !~•~~~flcate or statement of any Obligor Iwhether cootained in this Note or not) pertaining to or in con~ection w~th thi: Note w the loan evidenced by th~s Na~e ~~~~a~ns an untrue statement of matenal fact or omits to state material (act necessary in order to make the statements made not misleading: w, (i) the ass~g~- ~,ent by any Maker oi any equity i~ any ot the Collateral without the prior wrrtten consent o1 the Ba~k. ~ ~ The Bank shall have, but sha~l not be limited to, the tollowing rights, each of which may be exercned at any time whether or not this Note is due: 1~) to ~ p edqe or transter this Note and the Collateral and the Bank shall thereupon be relieved oi all duties and responsib~lit~es he~eu~de. and relieved from any a~d aU ~ •:,n~l~ty vr~th respect to any Collateral so pledged or iransferred, and any pledgee or transferee shall tor all purposes stand m the place of fhe Bank hereunder and ~ ~~ave all the rghts of the Bank hereunder: (ii) to transfer the whole or any part of the Collateral into the name oi ~tself o~ its nom~nee; Gii) ?o vote the Collatera~; ~~v) to notify the Obligws ot any Collateral to make payment to the Bank ot any amounts due or to become due thereon; (v) to demand, sue for, collect, or ~,;;ke any compromise or setUement it deems desiraWe with refe~ence to the Collateral; and (vil to take possess~on or co~trol oi any proceeds oi Collateral. ~ ~1 jt` . ~ NOTICE: SEE OTHER SIDE FOR IMPORTANT INFQRMATION g~~K ~ " ~ BS 7S2 Rer. 7/77 t~llJ AGE 8~ ~