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Home My WebLink About1246 • : _ - i p INSTALLMENT PROMISSORY NOTE J~A ~h ~~t IA) Amount Reuived t l~lAA.oO - BANK NAME - 181 Premium for Credit 1.30.4; Lif./asttbility Ins. s 1139 Oosvt~si~l it...111~IM1 ~sL 1?3iotl~a ].1437 lcl o«~rtwtwy~starr~ s OFFICE ADDRESS IDI Other Chirgee (itemize) s LEI S tea" NOTE NO. DATED: ~i = , f9~. lFl S IGI Amount FiryllCed DUE: ~Z ~ , fg~, IA, B, C. D, E, F) S 10e~6-~ IHI Interest - S PLACE: ~ ,FLORIDA If? Credit Irtwstgation S t lJl Other S ~e* _ For value received, tM yndersi9nad (hereinafter called "Maker"1 jointly and severally (if IKl ~ S more •than oMl promise to pay to the order of tM Bank, et its office listed above, the Total ' of Payments Itrom INI at .fight) of Dollars payable in ILL S J~ equal monthly installments of j 1 ~i_ l2 ,the tint IMl FINANCE CHARGE ~ ~p " Ill, I, J, K, L) S_!*.T~•~ ~nscallment due on__~tet• ~ , t9~_, and wbsaquent installments due on er iNl Total of PaymentslG + M) , i uh';afi~ cne~tday of each month thereafter, together with a FINAL BALLOON PAYMENT OF: ~ 5 OUE ANNUAL PERCENTAGE~RATE YO.AO -rX. ' s~~ , 19 . s, The Bank shall impose a delinquency charge against the Maker on any payment which has become due and remains in default for a period in excess of 1Q uays in an amount equal to. 59L of the amount of the principal part of the payment in default. In the event that the Note K not paid in full at maturity, all pay- ' • j :vents, whether principal, interest Or otherwise, shall bear interest at the maximum legal rate allowed under the laws of the State of Florida. All payments rrwdt) - nereunder shall be credited first to interest and then to principal, however, in the event of default, the Bank may, in its sole discretion, apply any payment to interest, principal and/Or lawful charges then accrued. It is the intention of the parties hereto that the provisions herein sflall not provide directly windirect~y - (or the payment of a greater rate of interest or the retention of any other charge than is allowed by law. li, for any reason, interest in excess of such legal rate or _ charge prohibited b!i Isw shall at any time be paid, any such excess shall either constitute and be treated as a payment on the principal or be refunded directly u, the Maker. - The Maker may prepay the entire unpaid balance of the loan at any time If the loan is prepaid in full, accelerated or refinanced, the Maker shall receive a • of and 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 • -''s : mmtmum interest charge of gJ,00. CREDIT LIFE AND CREDIT LIFE b DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrancecoverage is „a~lable at the cost designated below for the term of the credit: lal S i`Zr1Q.u for Credit life Inwrance Ibl S w- Credit Life de Disability Inwrance: Check Credit Life Insurance is desired on the life of _~5~~ ~ia¦~ -~pt~l. Birthdate Z~~^~ _ B ~ Credit Life & Disability Hisurance if desired on ' Birthdate ? Credit Lite and/or Disability Inwrance is not desired. :).ate ~ Signature = ~ ~ ~~~-Ld~n" s Signature ` As security for the payment of the Note the Maker hereby grants to the Bank a security interest in the tollowirg property: ~nciuding all increases, substitutions, replacements, additions and accessions thereto and in the proceeds thereof (hereinafter called "Collateral"1. This security _ merest shall also secure any other indebtedness a liability of the Maker to the Bank direct or indirect, absolute or contingent, due a to become due, now ex- sting or hereafter arising, including all future advances or loans by the Bank to the Maker. 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 Note (hereinafter referred to as the "Obligors"1, now in or at any time hereafter coming into the contrd, custody or possession of the Bank, whether far the ex- pressed purpose of being used by the Bank as Collateral, or for any other purpose, and upon any balance or balances to the credit of any atcou4sts, including I t•ust and agency accounts maintained with the Bank by any of the Obligors, and the Obligors agree to deliver to the Bank additional Collateral or make such E p ~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 ~ r become unsatisfactory to the Bank. Addrtions to, reductions or exchanges ot, or substitutions for the Collateral, payments on account of this loan or increases of the same, or other loans made j p~: Nally or wholly upon the Collateral, may from time to time be nwde without affecting the provisions of this Note. The Bank shall exeruse reasonable care in € the custody arxf preservation of the Collateral to the extent required by applicable statute, and shall be deemed to have exercised reasonable care if it takes such act ion for that purpose as Maker shall reasonably request in writing, but no omission to do any act not requested by Maker shall be deemed a failure to exercise ~ =asonabte care, and no omissior. 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 peke any steps necessary to preserve any rights in the Collateral against prior parties and 1Aaker shall take all necessary steps for such purposes. The Bank or its c ~ r.-+mmee need not Collect interest on, or a principal of, any Collateral or give any notice with respect to it. 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 hereof any of 1 the parties liable for the payment hereof shall be then directly or contingently liable to the Bank as Maker, endorser, surety, guarantor or accommodation party i of any other note, draft, bill of exchange, or other instrument, or otherwise, and the Bank may thereafter exercise all rights with respect to said Collateral ;panted herein even though this Note shall have been wrrendered to the Maker. s If the Bank deems itself insecure or upon the happening of any of the following events, each of which shall constitute a default, all liabilities of each Maker to the Bank, including the entire unpaid principal of this Note and accrued interest, less any unearned interest and any interest in excess of the maximum allowed k,y law and any rebates required by law, shall immediatNy or thereafter, at the option of the Bank, except that the occurrence of Ic! or Idl shall cause automat- ~c acceleration; 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 4 +~terest hereon within 10days after it is due, or if there is no due date, after it is billed or otherwise requested or demanded, o? to pay any other liability whet- s ;ever to the Bank when due; Ib1 the death of any individual Obligor, the dissolution of any partnership Obligor or the dissolution, merger o. consolidation with- ~~ut the Bank's prior written consent of any corporate Obligor; ICI the filing of a petition in bankruptcy or the adjudication of insolvency or bankruptcy under my reorganization, arrangement, readjustment of debt, dissolution, liquidation w similar proceeding under any Federal or state statute, by or against any Ot,i Igor; (d) an application for the appointment of a receiver tor, or the making of a general assignment for the benefit of creditors by, any Obligor; lel the entry !:f judgment against any Obligor; (i? the iswirg of any attachment or garnishment, or the filing of any lien, against any property of any Obligor; Igl the taking of possession of any wbstantial part of the property of any Obligor at the instance of any governmental authority: Ih1 the determination by the Bank that a materi- a~ adverse change has occurred in the financial condition of any Oblgor from the conditions set forth in the most recent financial statement of wch Obligor heretofore furnished to the Bank, or from the condition of wch Obligor as heretofore most recently disclosed to the Bank, o? that any warranty, representation, ~ cert+ficate or statement of any Obligor (whether contained in this Note or notl pertaining to or in connection with this Note or the loan evidenced by this Note cr~ntains an untrue statement of material tact Or omits to state material fact necessary in order to make the statements made not misleading; or, li? the assign- ment by any Maker of any equity in any of the Collateral without the prior written consent of the Bank. ' 's 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: lil to pledge or transfer this Note and the Collateral and the Bank shall thereupon be relieved of a!1 duties and responsibilities hereunder and relieved from any and all S ~ ~abdtty with respect to any Collateral so pledged or transferred, and any pledgee or transferee shall for all purposes stand in the place of the Bank hereunder and E nave 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; t~v) to notify the Obl~ors of any Collateral to make payment to the Bank of any amounts due or to become due thereon; Ivl to demand, we for, collect, or Make an Co r y mpromise or aettttment it d~r~ts desirable with reference to the Collateral; and (vi) to take possettion o. control of any proceeds of Collateral. ~k~ 1245 NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION ~~~~wV PAL'E F BS 752 Rev. 7/77 i ` -