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` 11115 LGAR IkCLUpINa INiE~f,t~ A~1E
ACCUROAMCE WITH AY?IpRI~ K ~MOUS R~E IN
~ISCLOSURE NOTE FOR INSTAILMENT LOANS ~o a
~'trst Nattonal Baak of Fort Plarce ~N w~+~ R«.~r.o ' : ~
6ANK NAME IB~ P~NniYT tOr Gfdit SOO ~ OO F
(.il~/piqbility I~u. s
P.O. 8~t 970, Fort Pierce. Fle. ~3450 cc~ o«~~~..v s~.R,o• : •
OFFICf ADOiIESS ~Q~ Qtht~ C11~q~t (ittmisd = n~~
_ ~E~ = none
NO7E NO. ~ATEO: M8y 1~ , 19 79 . 1F) s Q Re
May 1 IGI Amouet Fin~nctd 16, 524.90
o~~ ,19 89 , ~n. e. c. o. E. F~ t .
IHI ~ete~at = • •
~ ~ACE: Fort Pterre ~ FIOitIDA t~~ c..d~~ ~~t~.t~o~, s •
ui o~h.. = aone
For v~lue nct~wd. the unden~pned thKtinsf~t~ u~~ed "Msker"1 iointly aod sewra~ty (it !~l = Z10A@
~rwe ~nan onel vomise ~o pay to rOw~d~,~~~~h~,~ok, st its offic~ listad sbove, t~~~a1 t" s none ~
o~ Pav~?~ents itrom (N) at ~iqhU o{ ~J • 3 • ZfN potlars paYsbM in •
IMI FINANCE CHARGE
eyubl rtWIltAly iAftillRlffftt O~ S ~ , tM tiRt ~3~809~9~
IH, 1, J, K. L) S
~r s~allmeM dw on June ~ ,~8 , and wbssqut~t insu~lm~nts dw on tNl 7ou1 oi Paym~nts (G + Ml S • •
Ine in ne t•~`n ~*n,r~.~,r~~,. ,ne~;~n, F~n?a~ Bn~~ooN PnvMENr oF: ANNUAL PERCENTAGE RATE • % i
S DUE ,19 ~
7ne Bsnk ~hsll impo~e a dNinqu~ney eAsrye ap~;rut the Msk~r an any paym~~t whid~ hu b~cwri~ dw and nmain~ in d~twlt for ~ pe~iod ie~ expst oi 10
~ays in ~n smount eqwl to 9X oi the. amourtc of tM principsl ps~t of the p~yment in d~f~ult. 1~ thr wMt M~t tht Noa is not p~id iqfull at nrtunty, sll p~y-
n,encs, wMcher pri~cipal, inte.at or othenvis~, sh~ll bex ieterut ~t th~ m~ximum 1~1 pt~ ~Ilow~d under tM Isw. AI! pa~ym~nts n~ Mnur~ sMll b~
credited fitst to inttrest and tMn to princ~p~i, howwer, in th~ tvent of d~fault, tM Bank m~y~ in its solt di~erttbn, ipply MW piy~Mnt t0 int~rat. prineipal
ar,dlor Iawtultharpet Men aoerued, It is the inqntion of th~ parties Mnto that tM provisions Mr~in sh~ll not prarid~ dinctly p indir~etly tor tM payment
cf a greater r~i~ af interist w th~ ?ttention of ~ny otNer ch~ tMn a ~Itowed by Isw. If, iw ~ny rp~on, intuat in ~xqa oi puh IpN r~u or a ch~qe pro-
n~b~ced by lavn ~t„1~ st ~ny ~ime b~ pi~d. an~ such exosss ~hslt ~itMr eo~utitua snd M trwt~d ~ s p~ym~nt oe tM p.ineipal o. b~ nfund~d dinccly to tM
e~aker. TM Mtlctr m~y prepsy tM entin unpsid balsnce of th~ twn ~t ~ny tirn~. If tM bsn is pnpsid in full. ~oo~ltrsqd or e~fin~ncd, th~ M~k~r shsll ne~ive
a~ e( und of th~ ynsar~dpo~Rion of th~ intMSSt ~nd i~u~np pr~miurtu eomputtd by tht Ruk of ~8's nwthod, ~xppt that tM Bank ~II b~ MtitNd to nt~in
~ minirtwtn iotNftt Oi ~,Qa
CREOIT LIFE AND CREDIT IIFE de DISABII.Tf INSURANC A NTARY AND NOT RE~IJIRE~ FOR CREOIT. Su~!? ~unnp oo~npt is
avaiiab~~ ~t th~ oo~t d~sipnab0 btbwf~. the f u~ ( o? Cr~dit l(f~~r~~oe 1bI =
fo~ Credit Life de Dis~bility lnwrse~c~:l~~~ . y ~eCt~st
ch~~ ~ G~dit Life t~uu~a~~ is drtind on tM {ih of ~~h Archie Summetlin e~.,na,u s/!/28
a-~~~. ?~dit 4f~ d~ Oisability liuwano~ is demd on Bi~d~te
8o x ? Cndit lih and/or Oisability I~wqnp ic aot desi~~d. J - ~ . . ~
Date: Ma~I 1, 1979 S~t~'. ~ A * S~~M
AF7cRAtQWREDfROtEHTY1Mll8ESURIECTTO ESELtIB1TYINTERESTANDOTNENORfUTUREINDEBTEDNESSISSECUREDt11ANYSUCM?RO~ERTY,ASFOLLOMIS:
N'aker Mnby pnnts to B+Mk a seturity int est in the p~operty, if any, deseribed in the fpsce betow and in sll other property of Maker now or heresfter in
5znk's pocseuio~, snd wth security interest shsll elso fecure sll other liabitities ot Msker to Bank, whether primsry, t~eondary~ direct or eonti~qent, present
~ S~Et~~tOND fM~~R~GA~E=~~R~~ERTY L
kES~R N untess said prim~ry residenCe is destribedbelow. '
~ot t0,11 and 12, Blxk 5, Plat one of Palm Haven Subdivtsion, as per the Plat thereof, on
file in Plat Boo~c pnge 94, of «ie Public Fecords of St.• Lucie County, Florida. Less ~
a nd ixceptl.nq LberefA~m the Sonth 60 feet, thereof.
If the Bank requires the Maker to obtain inwra~ce corerage against Ioss or damage to the collateral seeurirg the Makers indebtedneu to the Bsnk, the Maker
m~y obtain tuch covenge from any agent, broker or inwror socepcaWe to the Bank.
ic is jointly ~~?d severslly corensnted and agrced vinth the Bank by eath Maktr, endwser, surety, yuarantor, and othu psrcy to ihis note fa11 of whom are
+:e•einafter for brevityuUed Obl;gcx ur pbliqors) thar.
8ar.k shNl ex~rcise rqsonsble care in the custody and preservation of the Collatc~al and sha{I be desmed to have exercised reasonable csre if it tskes such
=,c! ~•~n for that puryose as Maker shall ressonably request in writing, but no om~ssion to comply with any ~equest oi Make~ shsll of itself be detm~d ~Jailure to
~YQ'CI$~ reasonsblt pre. Wit1?out limiting the ge~e~ality of the toreyoiny, the-Bank shall have no responsibility for ascerlainirg any m~turities, talls, convea
~ s: ex~hanges, offers, eanders or similsr mat[ers relating to any of tlie Collsteral, nar for into?ming the undersigned with raspect to my therwf. Bank :haH oot
p e=_ bound co take ~?y steps wecesssry to preserve sny rights in t1K Coltateral sgsinst prior psrtia, snd Maker shsll tske all n~cessrry fteps for tuch purposes_ Bank
i?s nomirne Med not tdlect interest on or prinCipsl oi sny Collatersl or 9ive a~y notice with respett to it. Rgt?t it heteby expressly qrant~d to tAe Bank st its
c~t;o~ to trsrafe* ri ~ny time to itsNf or to its nomiaee sny Cpllsteral snd to reoeive thE income thereon and hold tame at ~eturity herefor~ o? ~pply it on the
~^~~~:c~pal or inter~st dut herepo pr due on any liebility secu~d htreby.
Upon ihe happ~ninp pf any of the followin9 eve~ts, ~acA of which shsll constitute s default hereunder, w ii tM Bank dstms itseff insecurc, the eniirc unpaid
~~:anee of rhis note a~d al! other tisbilities of eaeh Msker to Bank ft?all thereupon or theresfter, st the optio~ oi Ba~k, without notioe or derrwnd, become imme-
=ceiy due and psysble: (a) f~ilure of sny Obtiyor to pMorm sny agreement hereuoder or to pay in tull, whsn due, sny tisbility wh~tsoever to Bsnk or any in-
sc::<<;,enc thereot Or intertst Thereot~; ib) the desth of any pbligor; (c) the filing oi sny petition under the Bankruptcy Act, a any simibr federal or ttste ststutr,
~ ~ e~ apainst any Oblipw; Id1 en spplicstion tor the appoi~tment of s receiver for, the msking of s genersl a:siynment for ttie benefit oi creditors by, or the
vency of mY Oblipor: (el the entry oi s judgment apsinst sny Obligor: (f) the iuuing o~ my ittschmentt or q~rnithme~t, or the tiling of ~ny {ien, against
v p~oPeny oi ~rry/ Obliqor (gl the taking ot possession of sny subsbntisl part of the property of sny Obligor ~t the insUnce of sny govemmental wthority;
!he dissolution, merge~, Consofidstion, or reorganitation ot sny Obligor; 1i) the detetmination by Bsnk that # material ad~rsrse ehsnqe hss oeturred in the
=~c{al co~ditiW~ of sMr Obligpr from the Conditions ut torth in tMe most recent finantiM ststement of suCh Qbligpr heretofore furnished to Bank, or irOm
_^e cor,dit~on Of w~h Qbligor as heretoipre most retently disclosed to Bsnk in sny mtnner, or that any w~rrenty, ~tprefentation, Certifitstl, o~ sUtement of sny
`;~I ~gor lwhether Conisined in chis ~ote or not) pertaining to or in cpnnettion with this note or ihe loan evidenced by this note it not t~ue; (jl the ssSiSt?ment by
t.saker of any epuity in any of the Collateesl wi~fiout ihe written consent of Bsnk; Ik) failure to do sll thin9s necesiary to preserve and msintsin the value
colleceibility ot the CoUateral, including. but not limited to, the psyment of tsxes snd p.emiums oo policief ot insur~nu on ihe due date without benetit oi
•nu
9~ace period.
U~~!ess the Cdtate?a1 is pe~ishsble or threatens to decline speedily in vslue or is oE s type customs•ity sotd on a re~c~yniz~d market, Bsnk will give Maker rea
-=_:~e no[ict of the time and place of sny public sale thereoi or of tM time aiter which a privste sate will be held. The requirement of re~sonatsle notice shsfl
z r~~e ~ a F such notict is mailed, postsge prepsid, to any Maker st the address giiren below or st sny othtr address shown on the records of the Bsnk, at least ten
s before the time of the sale. Upon dispositipn of any Collateral aiter the occurrente ot any default he?eunder, Obligors sfiall be and remain IiaWe for any
=~•.~e~cy: a~d 8a~k shall accounc to Maker for my wrplus, but Bank shatl hsve [he righ[ to apply all or a~y part of such wrplus (or to Aold the csme as a
~~e) against any and stl oth~r liebilities ot esch or any Make~ to Bank.
Ba nk iha11 hsve, but shelt not be limited to, the idlowing rigF~a, esch of which may be ezercised st any time whether or not this note is due: to ptedge
~r,;nsfer [his note and the Collateral, whereupon Bank shalt be retieved of alt dut~es and responsibilities hereunder and relieved from any snd ~Il liability wi~h
h -c! to any Cpllsteral so pledged or transferred, and any pledgee or transferee shaU for all purposes stand in the Qlste of Bsnk hereunder snd have af1 the
~"_,c Bank 1?~~eu~der- ~b) to transia the whole or any part ot the Co~lsterat into the nsme of itseli or its nominee; (e) to notity the Obligon on ~ny Cotlat-
•~•nake payment to Bank of any smounts due or to become due thereoa; (dl to demar+d, sue for, collect, w mske sny tompromise or seplement it deems '
~,~e w;th r~itrence to the Collsteral; and (e1 to take pouession or control of any proceals of Collatral_
F ; delay or omission on tbe pa~t of Bank in ezercising any ryht hertunder shall operate as a vrdiver of such right or ot any otF~er right under this note. (~o
~ - cr attention sha11 be binding on Bank unless in a writing fgned by an suthor;ted Bank oi(ioer, and then only to ths~exuM spetificslly set forth there~n.
• men?, d~mand, protest and notice of dlshono~, are ~reby wsived by tscb and every Obligor. The takiog oi a renewal note without the sgnatu.e ot sny
~ ?ndorsa lisble on fhis note shall not be deert~ed a payment or discha~ge ot this obfigation and the liability uested ~ereunder shall tontinve uotil th~s
~ s p~+d ~n tuN. The Obtigors, ~ointly and xverally, prom~se snd agree to pay all costs of collection, including sttorneys' fees eqwl to 1Q7~i ot the amount
~-:~-1, or suth iarger amounts es may be ressanable snd just ;f coUec~ed by fegsi proceedings or throu9h an strorney at law, intludinp ~ppellate proctedings.
TMe unde~signed ~cknowledge receipt.ot ~ c eted eopy ot this note on this date.
~
i /
~ Cl Ocean I'r. ,
, Ft. Plerce, Fla. 33450 ~ , . , ~ ~
~ " L~ u ~'("~-!,v`.1.~~'" ISEAtI
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~ ISEALI
3 g~cK3U$ vaGE 915
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~ Hev 2/79 . _ ~
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