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Home My WebLink About0197 ,o. . ~ . , , s ' ~ INSTALf.MENT PROMISSORY NOTE ~ - ~ ^~/Nr~ WN~ Mlt ~ ~n~. nn,o~~~ R.c«wd s , ~~K (8) Pr~mium tor Credit . . ~~t~/Dis~OlUty lra. 3 d¦rer3al ft.. .i~~ tWr~ ~~.1ts7 . ~c? oo«~~u.Y s~«~ s 1'~rl0 - -~1FFIGC ACn7rtess IO) OthN GHf~i (itMn12~) S_s~ IEI s NOTE NO. OATED: ~'-"~ti ~ 19_~. (F) s ~a" • (G) Amount Fir~?pd 1e_~l 3S UUE: w~~~ 1 . 19~. (A. B. C. E..F) ~ Z........~~..... IHI IntK~tt S PLACE: •~b~,~~~ ~ . FLORIpA (1) G~dit Invatiy~tion S ' . , . (J) OtMr t , ' For valw nniwd, tM underti9?Nd (ha~inaitK plled "Mskei lointly snd s~vtralty lit (K) S_T more than one). Promis~ to pay to tha ordu of th~ B~nk, at its oifiq listed above, tM Toul ot Payrt~ent; (irom (N) st riyht) oi~.T,~~O dol~an psYable in (L) . s-~- IMI FINANCE CHARGE ecaual mond?IY inste~lments ot s~La~~. . tM (irst (H~ K~ U , _ ~nstallme~t dua on . ~ 1~' ~ , 19~. ~nd wb~Qw^t installmenu due oo (N) Totsl of PsYments lG + M) ` ih~_ds,/ oi esch mo~th thK~s/tsr, tog~tMr with a FINA~ BA~~OON PAVMENT OF: ANNUAL PERCENTAGE RATE Xi ~ S .ib~ OUE , , • t9 . The 6ank shsll ie~pOp s dslinquency char9e against the Maker oo anY paYment which has betom~ due a~d remiins in default tor s perlod m sx0~ss of 78 - days in an smount ac~l;to 5% oi the amount of the pri~cipd part ot the paymer?t in detault. In ths eve~t that tM Note i; not paid in full at maturity, sll pay- . r*~z~ts. whttM? principil..interest or otherwis~. shMl besr interest at the maximum logal rate allowed under tF~e laws of the State ot Flwida. All payments rtwde • nereunde? shi~l h~ u~dittd first to interest and then to printipal. however, in the event ot dstault, th~ 8aolc maY, in its sole diuretion, apply sny psym~et to ~nterest. pripcipil anttlOr 1aw(ul charges then actrwd. It a the intention oi ihe parties hereto that the provis'wos herein shall oot Provide directly or inlirettly f c,r the parmant ot s~rs~ter nte of interest or the rotentan of amt other charga than is albwed by Iaw. If, tor any reaso~, ioterest in exceu of such leysl rsH or a charge prohibibd by 1aw sha~~ st sny time be paid, any wch exau shsll either constitute and be treat~d a~ a p~Nment on the principal a be retunded diRetly t o ~ he NAaklr. The hlsker may ptopay the entire unpaid bala~ce ot the loan at a~W time. If the loan is prepaid in full, aocelerated o~ retinanted, the Maker shall receive a ~ ~e~urxl ol the untarned ponioo 01 A?e interest a~d inw~ance p?emiums cortqwted by tAe Rule of 78's method, exaept that the Bank sha11 be en~itled to retsin` a mm~murt~ ihtlrKt CABrg! Of ' CREOIT LIFE AND CREOIT LIFE 8 DISABtLITY INSURANCE ARE VOIUNTARY AND NOT REQUIREU FOR CREOIT. Such inwrance cove~age is _,~a~table at the cast desg~?atai below fw the term of the credit: (a) S s~•~ for Credit Life Inwran~.~e (b1 S ~ , Ior Credit LifeB Oissbility Insurance: Check Q Gedit LiiQ,lnw~anoe is desired on the IiiB o( _~l~a A~1. ~ ~ Birthdate t-~ . ? . e o~~n v ueai~i L~ic a.v.Si::::.:y :~2 fi ~Sff£t~ Q!! Birthdate ? Gedit life and/or D~sab~irty Inwrance is not desired. _ • . ~ ~ ~ ~,~d ~ S , t ~ ~ Sigoature v Date' . : . : . 1~ ~ . $ignature As security to? the pa ment oi the~Note the~flRaker~hereby grants to the Bank a security i~terest in the following property: LOs L. ' ~000! ~ft0~[`i ~ . . . , ~nc~uding all ~ncreas s wbstitutions, reptacements, ans and attets~ons the~eto and in the proceeds thereoi (hereinafter Called "Collateral"). This seturity . es ~~terest shaN also secure any ot~ ~~debted^ess a ~~~tY of the Make~ to the Bank direct w indirect, absdute or contir?gent, due or to become due, now ez- ~ ~sc~ng or hereaiter arising, including all future advances o~ loa~s by the Bank to tl~e Makar. . ,I i The Bank is also g~ven a ~~eo and a sccuritY interef~ in all praperry ancf securities ot the Maker, endorser, wrety, 9uarantor or accommodation party, of Mis ; Note (herek?afta referred to as the "Ob~igo.s"1, now in w at a~y time hereafter coming into the co~trd, custody or posseuio~ of the Bank, whether fo~ the ez- f p~essed purpose of being used by the Bank as Collateral, w for any other purpose, and upon any balance or balances to the credit of any accounts, iocluding crust and egency accounts msimained w~ihche Bank by any of the Obligors, a~d the Obligors agree to deliver to the Ba~k additional Collateral os make such ~ payments in reduction of the princ~pal amount ot the loan as shall be satisfactory to the Bank, in the event the aforementioned Collateral shall decline in value ~ or becpme unsatKfactory to the Bank ~ Additions to, reductions or exchanges of, or substitutio~s for the Collateral, paymems on account oi this loan w increases ot the same, or other loans made ~ pa~ ~~ally or wholly upon the Colla[eral, maY irom time to time be rtwde without affecting the provisions of this Note. The Bank shall exeruse reasorwb~e care in the custody and preservation of the Collateral to the extent required by applicable statute, a~d shall 6e deemed to heve exercised reasonabte care it it takes such ~ 1t ace~on fw that purpose as Nlaker sAa11 reasonably request in writing, but no.omission to do any act ~ot requested by Maker shall be deemed a failure to exe~cise ; } ~easonabte care, and no omiuion to oomp~y +nnth anx ~equest of Maker shall oi itself be deemed a failure to exercise reasonable care. Bank shall not be bound to ~ ~ take a~y steps ~eteste?Y to preserve any ri~hts in the Collateral against priw parties and Maker shall take alI necessary steps iw wth purposes. The Bank or its nominee need not oollect interest on, or a p~~ncipal ot, any ~ollateral o~ give any not~ce with respect to it. ~ The Bank may continue to hold any Collateral deposited hereunder aiter the payment of this Note, ii at the time of the payment and discharge hereof any ot ~he parties liable for the PaYment hereof shall be then d~rectly or contingently liable to the Ba~k as Maker, endorser, wrety, guarantor or accommodation party ~ of any other note, drait, bill of ezchange, or othe~ instrument, or otherwise, ard the Bank may ihereafter exercise ali nghts w~th respect to said Collateral g~anted herein even though this Note shall have been wrrendered to the Maker. F ~ It the Bank deems itselt insecure or upon the happening of a~y oi the follow~ng events, each ot which shall constitute a default, all liabitities of each Maker to k rhe Bank, including the entire unpaid principal of this Note a~d aCCrued ~nterest, leu any unearned interest and any inte~est in exceu of the maz~mum allpwed ~ by taw and any rebates required by law, shall irtxned~ately or thereaiter, at the optwn of Me Bank, except that the occur~ence of Ic) or (d) shall cause automat- ° c acceleration; without notice or demand, become due a~d payable: (a) ihe failure ot any Obli9or to perform any obligation, liability or claim to the Bank, to pay ~ ,nterest hereon within lOdays alter it is due, or if there is no due date, afta it is dlled or otherwise requested or demanded, or to pay any other liability what- ; scever to the Bank when due; (b) the death ot any individual Obligor, the diuolution of any partnership Obligw or the diuolution, merger or oonsolidation with- i ; out the Ba~k's priw writte~ consent of any corporate Obligw: (c) the tiling of a petition in bankruptcy w the adjudiwtion of insolvency or bankruptcy uncfer any reorganization, arrangement, readjustment of debt, dissolutipn, liquidatiOn M similar proceeding utxler any Federal o~ state statute, by Or agai~st any Obl~gor; (d) an application tor the appointment of a receiver for, or the making oi a general assi~rr~ent for the benefit of creditors by, any Obligcx; (e) the e~try ~ ot judgment agaiiut am? Obligor; (t) the iswing of any attachment w gamishrtxnt, w the filing of a~N lien, against any property of any Obligor; (g) the taking of possession of a~y substam~al part of the prciperty oi any Obligor at the instance of any gtmrnmer?tal authority; (hl the determination by the Bank that a materi- . al adve~se charge has occurred in the financial cot~dition of any Oblgw from the conditior+s set forth i~ the most recent financial statement of wch Obligor ' heretofwe furnished to the Bank, or from the condition of wch Obligor as hereto(ore most recently disdosed to the Bank, or that aoy warranty, representation, z cert~ficate a swtement of any Obligor (whethe? contained in this Note or not) pertaining to or in connection with this Note w the loan evidenced by this Note contains a~ untrue statement oi material fact w omits to state material fact necessary i~ order to make the statements rtwde not misleading; w, the assi9n- ~ rnent by any Maker ot any equity in any ot the Collateral without the priw written tonsent of the Bank. ~ The Bank shall have, but shall not be limited to, the tollowing righK, each of which may be exertised at any time whether w not this Note is due: (i) to pledge or transfa this Note and the Collateral and the Bank shalt thereupon be relieved of all duties and responsibilities hereunde~ and relieved from any and alt ~ " ;~ability with respect to any Collateral so pledgsd or traruferrsd, and any pleck,~ee or transferee shdl for all purposes stand in the piace of the Bank hereurxier and ; have all the rights of t(1~ Ba~1c hereunder;l~) to Vanster the whole w any part of the Coll~teral into the name of itself or ~ts nominee: (iii) to vote the Collateral; w 1 w) to notify the Oblipon d any Collatasl to make payment to the Bank o( any amounts due or to become due thereon; (v) to dernand, we (or, collect, or ~ make any compromise a settlement it deer~ss desirable with reference to thp Coltateral; and (vi) to take possess~on "or contro! of a~y proceeds of Collateral. ~ € _ ~06 19`l - NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION ~ F85 752 Rev. 7/77 ~ r ' ~ ~ ~ :c as~'„ ~ r ~ ;x~ k ~ ~ ,.a: V' _ ~ '