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Home My WebLink About0940 . _ - ` i` \ ' ~I 1: ' i~ I ~ ~ fl • ; 16.~.~ Stuart, Florida, t~ ~ v 19 79 Note i $N ~~lflt =Chldlt~• bl~OM. after date the undenigned (and iE more than one, each oE them ~„i„cly and severally), hereinatcer called 1?taker. promises co pay to the order o[ FIRST NATIONAL BANK AND TRUST COMPANY OF STUART .ii Il~ o(fice at St~wrt. Florida. ~~~~~~~SIXTEFN THOl1SlIN0 AND MO/100~~~~ww~~~~~~~~~~~~~~~~~~~~~~~~~ ~p~~~('s I~i~ h:i~nount includes Procceds of s_~~ M plus other charges Describe) S,.~QQ..__ resulting in an AAiOUNT FINANCED oE s~QQQTQQ ) with interest at an ANNUAL ~ERCEN'TAGE RATE oE _~~~.°Jo payable_~p~_ which raults in a FINANCE CHARGE ot s (Computcd on a 6 month maturity. if ~ar,nand obligation). If not included above. other charges in the amount of S have been (Describe) ~~~llected irom 1liaker. As security for the payment o[ this note A~aker has pledged or deposited with Bank the following property: ~ ' Payab e in wonthly 1n tallaxnts ot s211.45 lnciuding intersst on the d. da,y ot each ~onth D ~~~,~•ladi»y al! caak. itoek an otA t nd aU ripMt+ to ~u eriEt lor tentrititi ixeidext to, deelartd. or yrorted ix eowneetiox witb .:,~~•h property). w1~ieA property, loyetl~er witk all. udditioxa and iubstitutioxs Aereafter pledyed or deporited witA Bank ia oalfed tAe Col- int~ral. Tae Collat~?al ia alao pledyed as aeeurity /or aR otl~er lia6ilitiet (prirnary. aetondary. direet. toxtinyent. tolt, joist or atveral). ~t,<<~ or to bttome due or whith mag 6e kt~tuJter contratted or acqufrad. oJ satA Maker (fneGulixp eaeA Maktr axd axy otJler pcrson) r~~ lta~ik. The iurrexder o~ tkir ~ote, upox ~,ayr~s~t or otJlerwit~. ~kall xot ajjaet tht riyAt of Bank to retaix tAe Collateral jor ~ueA ~.!her liu6ilities. - ~ - Additioa~ to. r~duetiona or ~zchanq~s d ar wbsHtutiooi fa th~ CoUaNral. pa~nb on aoeouat d tbis loan or lner~aNS d th~ aam~. a~ o1h~c loans made partiallp or whollJ upon tb~ Collatsral. ma7 trom tim~ 1c tim~ b~ mad~ wilbout aHoctinq th~ pro~isbas ot tLis aoN. Bank ~hall ~=~rdN rwon- abie care in Ihs evatodr and press~ation ot thi Collatual !o tb~ ~a~at »quud bp applieation stalub. and ahall b~ dMm~d b ha~~ u~rels~d r~asonabl~ care it it tak~s sueh action for that purpos~ a~ Mak~r ~LaU r~awnabl7 r~qu~st ia writinq. but no om3tsiaa b do any ut nol r~quMbd bT ~[ak~r shall b~ deemed a failurs w~ureLs nawnabl~ w~. and ao ominion b oomplp with aar nqwst ot Mak~r shall ot iwll b~ dNmd a!allun b wrciw rwwn- anle care. Hant ~hall aot b~ bouad b taks aoY tNp~ nsceuarT b pr~sen~ anr riqhts ia th~ Cdlatsral aqainat prior partHs and l~t~k~r s6a11 talu ali n~e~ essary step~ for sucL purposN. Baak or its naminN n~sd not ooU~et int~rW a? a[ prindpal ot anp Collatual oe gi~~ anT notin w?th nsp~d to it IE ths Collaieral ~hall at an7 tim~ bsoom~ unsatiatactory b Ban14 Maka shall withls oa~ da_~ d~~ad~~~posit wlth Dank a~ part d the Collatsral additiooal proputp which is ~atlstaelo[y b Ban1c. ( If Hank d~ams ibel[ ioa~curs, et upoa th~ happeninq d aal W ihe bUowiaq e~en4. Nch ol w~i7e1? b a d~fault h~r~uader. ill ?iab~ities ol Kch L[aksr b Dank ahall ther~upaa or t6u~a[ter. at tL~ optiou ot Bank. ~rithout notie~ or d~mand. b~oo~ dw and paTabL: lailu» j o! any Obtigac (wbich t~m s6a11 mean and includs ~ach Maker. sndonsr, sur~tl and quaranta o! tbi~ note) b psifo~m anT aqrNm~at b~nunder. to ~ f pay inter~ h~nan witbfn bn daps aft~r U b bill~d or oth~zwris~ rsquested o[ d~mmdd. or to pa7 anr otb~r liabilitp whatw~~a b Bank wh~n dur, lb) j che dea~h oE aaT Obliqor: (e) th~ }ilinq d ani pstition undsr th~ BaniQUptc7 Aet, or aap similar Isdual or stat~ statub. DT or aqalnst anY Obliqor: (d1 an ~ apalication fo[ t6~ appointm~at ot a recsi~~r tor. th~ makinq ol a qen~ral assiqnm~at Jor ths ben~8t d Qeditora bp. or th~ inwlv~ncp d anT Obliqor: ~ the entrt d a judqmwt aqainst auT Obligor, (A ths iasuinq ot any adael~ment or garnfshm~at, os ths lilinq ot aa7 H~n. aqainst anY Piop~rtY ~+~Y i Obliqor: l9) tL~ qldnq ot posssssion a[ ~np ~ubstantial part of the Prop~ity o! an~ Obliqor at the instaacs ot any qo~~nm~ntal authorit~: t~ the db- ~ solution, merq~r. eoo~olidatioa. or raorganiration d ta7 ObUc~or: (i1 ths aasiqam~at bp any Maker d aap ~quttlr ia aaY ot 1L~ Co1Lt~nl witbout th~ writt~n ~ conaent d Bank. ' k Bank ~hall ba~~. but ~haU not bs limiled to. th~ lollowinq riqbb. Neb ot whith maT b~ ~z~reLed at aar tim~ wh~th~r a not tbh aoe~ i~ dur. (0 . ~ to pledg~ or trand~r thb nob and Ihs CdLleral aad Banlc shall thereupon b~ rslis~sd d a11 duties aad rs~ponaibilitlu h~reund~r and »Ii~~~d trom ~ any and all ILbi4tl wNh nsp~ct to anT Collat~ral w pledg~d or traad~rtsd. aad any pledqe~ or transim~ sdall for aII p~arposM stand fn th~ plaa d Baak herwnd~r and ha.~ all tL~ rigDb of Bank hsrsundsr: (iU b traasteL th~ whole or anT put ol th~ Co1Lt~ral tnb tl~ nam~ oI iWlt or ib nominN: ~ ~.iii! to ~ tb~ CdLbral: (h) to notifT th~ obliqor~ oa anp CoBabral b mab payment b Bsnk oi anp amounb du~ or b b~oom~ du~ th~r~on: h) b demand, sus lor. ao11M. or maks aaT o~pramis~ or Httlem~nt it dNms d~sinbt~ with »l~rsnw to tb~ CdlaNral: and to ta1~~ aontrol ot anT proeo~ds ~ of Ca!IabraL _ . ~ Hank i~ Lsrsblr qi~en a t4n upon aad a s~cvritir iatsnst in all prop~rtT ot Neh Obliqor ~w ac al aay tlm~ h~nait~r in th~ powaaion of Bank in aay upaelt7 whabo~~rr. includ3aq but not limit~d b aay balanw or shar~ d any d~pwit. wst. or aqsucp acoount, as NcuritT !ar th~ pa~nt ot thu nW~, and a similar li~n upon and s~curitT interest fe all suc6 prop~rtT o! Kch Maker as wcurit7 for ths paymsnt d a11 Wh~r liabilitlu ot ~ach Malnr ° to Baak (jndudioq Uabilitl~s ol uch Mak~r aad anp oth~r pusonf: and Dank ahall han th~ ~am~ riqhb a~ to sueb prop~rtlr a~ it has wlth r~sp~ct to Ih~ ~ Celint~ral. I! Hank dNms iwlf in~scur~ or upon th~ om~r»nw ot anp ddault ~a~uader Bank shaU ha~~ tb~ »mdi~s ot a Nc~u~d partT uad~r th~ Uai- form Comm~rdal Cod~ aad. witbout lim[tinq th~ qwsralitly d ths loz~goinq. Dank shall Da~~ tD~ riqht, immedLt~lr and wNhout lurth~r actioo bl i~ b ~ set oH aqaiost tL4 nds all mowT ow~d bl Bank in an~ upacitT W Nch or~q? Obligor, whNb~c oc aot dw. and also b sN oN aqaiast all othu ~ l:abilitia ot Nt~ D4k~r b Baak aIl mon~y ow~d bi Dank fa anT wpadtr b~ae6 or anY Mat~r: aad Bank ahall bs dMm~d b ha~~ ~:ucis~d sucb ~ right of Ntdt aad b 6a~~ mad~ ~ c.harqs aqainst an7 sucb moo~l jmm~diaMlT upoa th~ ooc~u:~na o! such ddauh ~~~n thouqL such charq~ b mad~ . a or snt~nd aa t~ booiu d Eauk subwqu~nt t6~n~o. Unl~u H~~ CoWt~ral h p~riaL~ oc 1hr~at~ns b d~clin~ spNdilT fn ~alw or i~ ol a tlp~ cus- ~ ~cmuilp wld oo a r~ooqnlaad mubt, Eank will qi~~ Mak~r rwonabN aot~ af t6~ tis~ and p1ac~ ot aaY public ~ th~r~ol or ot th~ tim~ att~r whic6 ~ any prhat~ ~ab or ant o1b~r iat~aded dLposiHon Ih~nd i~ b b~ msd~. ?h~ rquir~m~n1 0l rauo~abM notic~ shall b~ mat 8 sucL aotico b mailsd. po.taq~ pnpafd. !o aa~ Dtak~r al th~ addras gi~~n b~bw oc at anY otb~r addrMS sbown an th~ r~cord~ ot Ih~ Bank. at I~ast 8~~ daT~ b~tors th~ tim~ th ~ of ths ~ab a dtspositton. Upon dispositbn oi aaY Collat~ral aft~r th~ omunna ot an? d~fauh be»under. Idalc~r shall bs and nmain lisble _ tor any i deticisneT: aed Daak ~all aocount b D~ak~ tas anT surplu~, but Bank ~hall ha~~ th~ riqht W applt all or anT put d~ucL surpl~ (or to ho3d W~ ~am~ ~ as a ru~n~ aqaiasU anT aud all oth~r liabililN~ d~acb a aaT 1~lak~r b Bank. " No d~laT or ominbn on tb~ part at Bank in e=~rdsinq any riqht 6~r~uad~r s6a11 op~rab a~ a wai~or af sucL rfqht or of aap oth~r iiqht und~r this aob. PnNnfm~nL d~maad. Prottii, notio~ ot dishonor, and ~:Masion of tim~ ~?ithout notica u~ b~r~ wai~~d by wch and s~~ry Obligor. T6~ m y Obligon. 3otedt aad iw~sallY. pramW and aqr» b par aq oo~b d ooll~etioa aad aqo~~s' Iw~ ~qual Eo 1096 0( tb~ prindpal sum or ~uch luq~r ~ amounb ar mai b~ rwmabb and iu~t iocva~d oc paid b! Bank in ~nforcinq tl?f~ no1~ upon th~ oonuraio~ d ang ddault Any naice to Mak~r ahall ~ b~ sulfkNnUT wn~d loc all purpwM it pland 1n th~ mafl: postage pnpu~d. addnwd W or i~tt upon th~ pr~mfs~s at. 1h~ sddr~a shown b~bw ar mY ' othsr ~ddrp~ shown an Bank'~ r~aords. ; Maku ~c~owLd9M r~o~t d a oompl~t~d coPT d thS~ Not~ an th~ abo~~ dai~. ' ADDRFSS: Is/ J. Leo Perreault ~ ~ ?5 r Emetle P~rreault ~sF~?Li ~ ~ ~ - • . ~ ' (]An ~ • k 8 PAGE J`tV ~ 800K Vv ~ ~ ~ - _ . : . . ~ - . . _ ~