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Home My WebLink About1357 n Stuart, Florida, /hA ~ ~ 19 ~n Note ~ Ca. navnrnt t~hoAttl~ h~lpjd. ~ after date the undersigned (and if more than one. each of them . i,.,ntly and severally). hereina[ter called Maker. promises to pay to the order o[ FIRST NATIONAL BANK AND TRUST COMPANY OF STUART ~t office at Stuart. Florida. . TEN TIi~USJIHID ANt1--NnTt00-------- Dollars ,~.lii~h :unount includes Proceeds of.s 9___=___272.~}Q phn other charges (Describe) ~~i > ~2..2Q resulting in an AMOUNT FINANCED o[ S.~,Q.i~Q.rQQ) with interest at an ANNUAL ERCE AGE RATE of ~p_~•p-°JO payable.~pppj~}~_ which results in a FINANCE CHARGE o[ S (Computed on a 6 month maturity. if ,:~•,natt obligation). if not included above. other charges in the amount of S have been (Describe) <<,Ilected from Maker. As security for the payment of this note Afaker has pledged or deposited with Bank the following property: _..1971 Eittle '---~5' TraiiAr ins t~o~ ~ - c.. a~ Payable in month! installment of 3 ? every, _ 7 uNf thereafter until the ~ day of ~aAY 1989, on which date the entire balance becol~es~e. irarluding all cask, stock and other dinidenda and all trigAta to tubaeribe /or securities incident to. declared, or granted in eonneetion with ,<-h property). wltitA property. together tvitk all additioxa and aubatitutions kerea/ttr pledged or deposited wick Bank u called tAe Col- :'~rt< sal. The Collatem! is also pledged as security /or all otJrtr liabilitieit (primary, aeeondary, direct, tontingtnt, colt, joint or several), ?:~t• or to beeo»re due or wlticlt may 6e tierce/tar contracted or at:qutrtd, o/ eaeA Maker (itieluding eaek Maker and any ot1?tr person) r.. !tank. The surrender o/ tAis Holt, upon pnyntent or otkerwiae, akall not a/jeet tMe rigAt o/ Bank to retain the Collateral for suck -!tier liabilities. Additions b, reductions or artehanga d, or substitutions br the Collateral, paymtnb m account d this loan' or iae»asts. d tM same, or other loans roads partially or wholly upon the CoUattral, easy hom time b time b made without a8eetinq the proriabns d this note. Dank shall e:erdw reason- able care in the rvstody and preservation d the CoUatrral b the ezuat squired by application statub, and shall be deemed b hart trtrreLd »asonsbb care if it takes such action for that purport a. Maker shall reasonably request is wetting, but no omission b do asp act not rtqutattd by Maker shall be deemed a !allure b esercist rearonablr cart. and ao omission b comply with any request of Mabr shall d IbeU br dtrmd a faUurr b uertasi rrason- a:ie ca». Bank shall not be bound b take say steps necessary b prprnt any righu b the Collateral against prior partirt and Metres shall tab all nsa essary steps foe such purports. Bank or fb nominN sled not collect inttrtst on or prindpal d any Collateral at girt any notip with respect b iL If the Col>sftral shall at any tint become unsatistaclory b Baak. Maker shall within oat day after demand P~9! and dtpostt with Dank a. part d• the Collateral additional property which is satistaelorry b Dank. f"- ` o P y . if Bank dwms itstll insecure, or upon the happening d any d the bUowinq crests, each d which shall ooostitutt a default hrrtuader, all liab~itiea d tech Maker b Beak shall tlurrupoo or thtrraher, at the optics of Bank, without actin or demand, become dw and payable: (a) failu» ct any Obligor (which term shall mean and indudr each Makes, endorser. surety and quuaalor of this note) b ptriorm any agrrrmtnt ht»undsr, b pay interest he»on withIa ten days sties ft is bUled or otherwise rsquerted of dtmandd, o: b pay any other Bability whatswwr b Beak when dw: lb) the death d any Obligor: (c) the fllitq d any petition under the. Baakruptt:y Act or any simllar elders! or state statute. by ~ against any Obligor: (d) an arplicatioa !or the appointment d a ttniver Ion, the making d a general ardgnment br the benefit d errditon by. or the insohency d any Obligor: (e) the entry d a judgment against say Obligor: l4 the issuir?q d any attachment or garnishment, at the. filing of any lien. against say Property d say . Obligor: (q) the taking d possession d any subrtaatial pari d the property o! any Obligor at the iastann d any gortrameatal authority: (h) the dis- aolutioa, merges, consolidation, or reorganisation of any Obligor: (U the assigttmrnt by any Maker Ot any equity fn any d the ColLtrral without the written ccasent d Bank. Bank shall hart. but shall not bt limited b. the tolbwiaq rights. tact of which may br eserdsd at any time whether os not thL sob i. dw: (0 to pledge or transfer this Holt and the t.oliattral and Bank shall the»upon bt »litred of all duties and rppoasibUiWs htreundtr sad »Urrtd [tnm any and all liability wLh respect b say Collateral so pledged os tranafrrrtd, and any pledger or transftrtr shall br all ptaposu stand la the plan d Bank hsrruodtr and hart all the righb d Hank )u»under; fill b transfer the whole or any part d the Collateral tnb the Hams d lwli or it. nomiare: ~ tiii~ to rots the t:oUateral: Ur) b notify the obligor on any CoUabral b mob payment b Bank d any amounb duL or b become due thereon: (r) b i ~ demand, scar for. collect. or make any oompromist or ptUemtnt i< deems desirable with rettrrnct to the Collateral; and fell b tab control d any proceeds of CoUateraL ~ Hank b hereby ghee a Ben upon and a security iatrrest in all property d each Obligor now oc at any time he»afttr fa the possession d Bank ~ in any apadty whaborvtr. iactudinq but nol limited b any balance oc shue d any dtpor[t, trust, or agency account. as security for the payment d ~ this note. and a similar lira upon and securely interest b all rnch Property of each Mabr as security fns the payment d all other liabUitiea of each Maker to Bank (iadudinq liabiliWs d tech Maker sad say other person): and Dank shall hart the Nme trighb as b such property Y i• has with respect b the Coilaaral. ' I! Bank deems itarU insreure ar upon the omurena d say deisuh hectunder Bank shall hart the »medlet d a secured party undo the Uai- 's loan Commtrdd Code and, without limiting the generality of the fosegoit?q. Hank shall hers the right, immediably and without further action fiy it. b ~ set oft against this note all money owed by Bank is say upataty b each or say Obligor. whether or not due. and aLo b set oft agaLtst all other iinbilitia of each Maker b Beak all money owed by Bank in any ppadty b each or any Maker: and Bank shall be deemed b hart •:erdsed sum right of srtoft sad b have made a dtarge against any such moony immediaMly upon the occurrtnn d such default tern though such charge it made or entered on the boob d Dank subsequent thtreb. Unlat the CoUaisral fa perishabb or thrtaNns b drdiat sptedUy fa ralw or V d a type cus- tomarily sold on a retwgnlsed market. Bank wUl glee Maker reasonable trolls d the time sad place d say public sale thrrrot or of the time after which any prirab eels or any other inlrnded d4position thtrtol b to be made. The requirrmsat d »asooabir notice shall br met if such noels i. mailed, postage prepaid, b any Maker at the address glees below or at any other address shown as the records d the Bank, at bast fist days before the time ~ of the salt ar dlspositioo. Upon dfaposition d any CoUaNral after the ootttrnnp of say dNault ht»under, Maker shall br and »main liable for any delidsnry; and Bank shall aooouat b Matra for say surplus, but Dank shag 6avr the right b apply all or any part d such surplus (or to hold the same as a resent agafoN) any sad all other liabilities d each ar any Maker bBank. - No delay as omission ca the part d Bank is eztrdsinq any right htseunder shall optrab as a waiver d such right or d any other right under this note. Pratntmtnt demand, protest, notice d dishonor, sad t~rnsion at time without notice err hr»by waited by each and every Obligor. The Obligors. jointly sad wvtraUy, promiw and agree b pay all oosb d ooUtctioo and atbrwys few equal b lO~Jo of the prindpal sum or euch.larger a amounts as easy br rtasooablr and just incttatd or paid by Hsnk in enforcing this Hots upon the oecnaenn d any default. Any noels b idabr shall be sufficMntly Mntd for-all purports ft placed in the mail. portage prepared, addteeted b or bft upon the pnmisrs at. the addrru shown l»k~w or any other address shown oo Dark's records. l+laltrs aekaowLdgrs receipt d a oomplrtd Dopy d thfa Nott an the about date. - ancll>sss: 1296 Barton Street /s/ John Van Essen sEAra Winona, Ontario, Canada LOR2L0 / 9 e is ~~n ss n 7 . i k 308 ~ 1357 s _