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Home My WebLink About0377 n 2~ ~0 Stuart. Florida. APR ~ C 3 4.~- .19 ~ 9 Note ~ 11- 3!! paps~nt •Chedul~ below after datc the undenigned (and it more than one, each ot them i,,,,~t~• and se~•rraUy). hereina(ter callcd lfaker, promises to pay to the order oE FIRST NATIONAL BANK AND TRUST COMPANY OF STUART ~1ENTSt THOUSAND AND NO/l0U - - - - - - - - - - - - - - - - - ~~i, ultiic a~ tituart. Flonda. lloliars i~ h:~mo~n?t includcs Procceds of S_ 19s192._Q~1 Plus other cha~ga ~C• ~1IIt~ ~ DOC . eCi~p• 6 1A taX 0~ Q00 _ 00 Dcsc ribe) ;$0 0 ~ting in an A~tOUNT FINANCED o[ ) with interest at an ANNUAL ~ERCEN`TAGE RATE of pa~,a ~!e blloV which resulu in a FINANCE CHARGE of 512~I17.20 (~mputed on a 6 month macurity. i[ ~l~,u:ind obligation). lf not induded abo~•e, other charges in the amount of j~ have becn (Describe) ~~~Ilc•cicd trom Maker. As security for the payment o[ this note l~taker has pledged or deposited with Bank the following property: 1975 I.asalle 15csvel 1Yailer 32 f~n~, a.riwl 18A2~ , Repaxable 1n 12o monthlq instellment~, including pxiacipal b iater~st, o! 264.31. t~e~innin M 3 d i 979 _ _ a ~ ~~<<•l~~diny all caeh, atoek and otl~er dividPnda aad al! riphtt to ~a6uribe jor secaritie+ i„cidext to, d~elar~d, or pranted in eonn~etiox with ..~~•h pro}re~ty), u•hrck proN~.ry, toyetkrr u~ith al( additiont and aubititutiona kastnjttr pledped or dtpoaited witk Bank ia ealled the Col- i-tr~ ral_ The Collateral ia ulao pledyed aa aecurity /or al! othtr 1ia6i~itiet (primary, aeeowdary. direet, eontinpe»t. aole, joi»t or aeveral), ,h~~ or to Geeo~nr d~u or u~hi~l~ may b~ Asreajter contrneted or aeqnired. oJ tael~ Maker (ineludi~p eaeA 3fnker and aNy other peraon) ltarek. Tke aurrerder of fAii note. upox payment or otherwist. ihnl/ ~ot ajjttt the riykt oJ Bank to rttain ttie Collatera! for euth „rl~« r liabiliti~a. Additioos to. reductions or esehanqa ot, o~ substituUons !or Ib~ Collalsral, papm~nb on aceount d thL loaa or iacrsasss ~ th~ ~am~, or ot~~r i~ans made putiallT or ~rpo117 upoa ths CoUatsral. may trom tim~ to tim~ b~ mad~ w[thout allsctinq thi pro~~ioas o! Ihb nol~. Baak shall ~z~rcis~ r~awa• z;,:e care in the cuslodp aad prese~ati~ of ths Colltt~ral to th~ ~rt~nt »quir~d blr applicalion statut~. and shall bs de~msd to ha~~ u~rctssd :easoaabl~ cace it it takes sueh aetion br that purposs a~ M+k~r ~ha11 r~ason+bl7 rpu~st in wriUnq. but ao omi~sion lo do u?y aet aW r~quwbd bT ~[ak~r ihall b~ ~~emed a taileue w ez~revs r~asonabls cus. and no omi~sion 1o tomplr with an7 rpuest ot Maker shaU ot iWU b~ dNmd a tailun to ~z~rew raaaon- able care. Hank ahall not be bound b tak~ anp sbp~ nsce~sarY to pr~s~n~ any riqhts in ths ColLteral aqainst p~ior parii~s aad Matsr shall tab all n~r essary steps lar wcL purpoNS. Baak or i~s nominN n»d not eoU~tt iat~t~st on or pciadpal ot aa~ Collat~ral or qi~~ anT notla with rMp~et to 3t It the Collat~ral ~haD at anT tims bscom~ unsaBstaclorT b Bank. Mak~r ahall within oa~ da~ afur d~mand plsdq~ and d~posR wlth Dank as put ot the Collatsral additional prop~rtT whicA is satistactory b Bank Il Baak dsems iueH inseau~. or upon th~ happsniaq ot my oE th~ blbwinq e~eats. ~aeh o! wbich shall oonstitub a d~tanlt h~r~undsr. all iiab~itias of eacb t[ak~r b Bank s6all thsr~upon or thereah~r, st th~ op?ion o! Bank, without aotice or damaad, b~com~ dw and pa~ablr. (aI tailu» ot any Obligor twhicb t~~m shall msan and iacluds ~ach Matsr. sndorssr. suretp and qwrantor of this nots) to perform any aqisem~at b~nunder, to :ay interest hsreon within t~a daps aher it is billed or otb~n?is~ requested or dsmaad~d. or W paT aai olher liability whttsw~~r to Bank wh~n dus: (b) ~i e death o[ aap Obliqor: (c) tb~ filinq d anT psation under th~ Bankruptey Aci. or anp similar lederal or stau statuts. bT or aqainst anp Obligoi: (dl an application !a[ ths appointmsnt oE a ncaivsr lor. the makiaq o! a geasral assignment !or the benetit d creditor~ by, or th~ io~ohsncp of anp Obliqor: c'r.e entrp ot a judgment aqainat aaY Oblu~or: (0 th~ issuing d any atuchment or quaishmen~ or ths filinq oI aap liea. against anp property ot aap GUliqor: (g? tl~~ taldn9 d Possess~on d.anp substantial part ot ths Qrop~tt7/ ot anp Qbliqor at the iastanc~ ot anp qo~~mmental autLoritp: (h) the dis- sol:,uoa. merqsr. coo~olidation. or nocqanisati~ o! any Obligor: lD the assignm~nt by~any Maker d aap squitr in any a! th~ Co14t~ral wiibout tk~ writna cvuaent d Ban~. gant ~halt ha~~, b~d sball not bs limited to. tLe loUowinq righb. ~sch ot which mar bs ~:ercised at any tim~ whMh~r o[ aol this ml~ is dur. (O ' to pledq~ ~ transier thL nots and ths Collateral and Baak ahall thsreupoa bs reli~~sd ot all duties aad rsaponsibiliHa b~rsund~r and r~1L~sd hom ~ any and all liabilitT with r~spset to anp CoBateral w pledqed or trand~rted. and any pledqe~ or transier~s ahall for all p~apw~s st:ad in th~ ~lace o( i Bank her~under and han all th~ righu ot Bank heraunder; (ii) to transier ths w6ole or any put ol t6a Col4teral inw th~ nam~ d iuel! or ib nominN: ' ~ iu~ to rot~ the Collsteral: (i~) lo notifY 1hs obliqon oa any Coll+~eral to maks psymant to Bank ot anr tmouau due or to b~come du~ thsreon; (v) b i demand, ew Ear, ooll~et. or maks aaY eompromiss or ssttlem~nt it d~ems d~sirahts writh rslersne~ to th~ CoUabral; and NrU to tak~ control ot ant proos~ds s o! CollateraL - ' Bank b hsrebT gi~w a lien upon aad a s~curitY iatsr~st in all ptop~rtt oE each Obliqor now oc at aaT ttm~ b~naft~r in th~ powssion oi Baok i in any c'paeitp wlubos~~r. includfaq but aot liautsd b aay balancs or shue d any dsposit, trust, or aq~ncy account, u ~scuritr !or tbs papmsnt o! this nots. and a similar lien upon and securitp intarsst ia all such propsrty o! sach Maksr as ssc~uitlr (or ths papmeat d all dher liabilitiss o! ~ach Mak~r y ce Bank (iadudinq lisbilitiss of each Maker md any oth~r p~raon): and Bank shall IIa~~ th~ ~am~ riqhb as to such proput7 a~ it has with r~spscl lo Ih~ . E Collalstal. ~ II Hant deems iWlf insscur~ or upon ths oocurr~nu o! aap d~fauh her~undes Bank shall hav~ th~ r~m~die~ d a wcur~d putl und~r th~ ilni- ~ form Comm~rcial Cod~ and. witbout limitinq th~ q~neralitp d th~ torsgoinq. Bank shall ha~~ th~ riqh4 immsdtat~lr and without huthes actfo~ bT it, to ~ E9t off aqaiost this not~ all mon~T ow~d b7 Bank in anp uP+dtY lo ~acb or aap Obliqor, wh~lh~r or not dus. and aLo b a~t otf against all other - ~ ;iabiliti« of ~ac~ btak~r b Hank aU mon~7 owd bY Bank ia anT apadq to wch or anp Naksr: aad Baak ~hall bs dMm~d to ha~s ~=~rciNd such ~ riqht o! wto(t and b ha~s msd~ a charqs aqaiast aaT sucL moo~~ imm~diaMly upon the omur~nc~ ot sucb ddault ~~~n lhough such chuqs is mad~ ~ or sntsr~d an tL~ boob d Bank suL~equ~nt thsr~lo. IInlsss ths Collatsral is p~r[sAabl~ or thrsatens to declins sp~~dilY tn ~alu~ or p o! a tppo cus- tomarily w1d on a r~ooqnis~d muk~t, Bank will qi~~ Mat~r rwonabl~ aotk~ at th~ tim~ and plaa ot anY publk ~ale 1her~of or ot the tims aker ~vhich any pri~at~ ~a4 ot anT otb~r inuadsd disposition th~r~ot b to be msd~. Th~ r~quir~ment ol rsaionabl~ notfa shall b~ met i! ~ueh notics is mailed, 0 k postaq~ pnpafd. to aa~. LLk~r at Ih~ addr~~s q[~~n b~low o~ st anT olbec addrsas shown a~n th~ r~oords of th~ Bank. at Isast Hvs daps betore tha tims ; o! ths ~ab or dLpo~itian. Upon dispositiori ol auy Colla~~ral aiter Ih~ oocurr~na ot anp d~tault her~under, Mak~r shaU be and remain liabls !or aay ~ det:cisnry: and Baulc ~all aecounl b Maka !or an7 sutplus, but Hank ~hall ha~~ th~ right to apply all or ant part of such surplus (or !o bold the sam~ ~ as a rswn~ u~ain~U an7 and all oth~r liabilitiM od ~ach ar anT Mak~r b Bank. ~ No d~la7 0~ omL~bn on ih~ patt ot Baak in ezercisiag anp right h~nuud~r shall opuai~ as a wai~~r d such riqht or of any other riqht under thu noN. Pru~ntm~at d~mand, prol~st, notic~ 01 dishonor, and ~rinsion of tim~ ~?ithout notic~ u~ b~nby wraired br ~ach and ~v~ry ObUqor. The ° Obiigo~s, ~ointll and Nnrally. promiss and aqr~s b paY aU cosb oE collMion and aNorn~ys' t~ eqwl to 10°Jo ot ths principal sum or such larger ~ amounb ar ma? b~ rwonabl~ and jusl Locurr~d or p+id bl Bank in e~Orci°9 this od~ uPcn th~ ominsnce of aav detaulL Aay notics to Maker shall ~ be auf}ici~nU~ wn~d tar aD purpwe~ it placed in th~ mail. postaqe pnpu~d. add»wd to or l~R upon ths premisss at. ths ~ddress aho~vn bslow or any e cther addrws s6own oe Bank's r~oords. ~ f Ma1ns ackaowbdgM :~oNpt ot a oompl~t~d oop~ at Ihis Not~ o~ th~ abo~~ d~t~. , ~ ~SEAIJ _ ADDAFSS: ' . . S~ ~ ve . a rmo T 3` ,..'yc . ~ ~ ? ~ f:~~.3U~ ~.,~F 37`7 ~ ~ : , ~ ~ ~ ~ s ~ ~ _ ~ _ _