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Home My WebLink About0336 c 2v 10~~•~Stuart. Flurida. ~R I / 19 79 Note / Sea oayMnt scMdute b~low. after date the undersigned ~(and i( more than one, each of them i,,inil~• and severaliy), hereinaiter called Maker, promisrs to pay to the order o[ ' FIRST NATIONAL BANK AND TRUST CObiPANY OF STUART ~•~~~~~~TEN THOUSAND AND NO/100~w~~~~~~~•~~~~~~~~•~~~~~~~~~~~~~•~~~~~~~O~~a7TS ~ i~, ullicc at Stuart. Florida, ~,.I~i~h :uuount iucludcs 1'r«cecis ot S 9~~0•_25------- Plus other charges__~_ d~sC~0:1l1"'! - ,,f > • resulting in an A~tOUN1' FINANCED o[ S 2A-~n-~) w~~ ~nterest at an ANNUAL ERCE AGE RATE of 909 75 1Q.48 °fo payable:,~l~~0li which results in a FINANCE CHARGE of ~~-~~9-?~ (Computed on a 6 month maturity, ii ~uand obligacion). 1[ not induded abo~~c, other charges ~n the amount of S have been (Destribe) .~~IlcYtccl from \laker. As security for the payment ot this note ~taker has pledged or deposited with Bank the tollowing property: 1974 Impala Travel Tr~a11~r (35') Serlal No. 7577A. Ra able 1 ~ beglnni~y on th~ ~ da of T~N F 19T9 dind contlnutn on the •~e of ~ath ~onth r un ay o ~ 1989. i,,,•(~~diny a/1 cash, atoek and oth~r devid~nda and a1! riyhta to •ub•~r;6e /or aecuritie. i~eidrne ro, declar~d, or pranted i~t tonneetion witb h ~~roperty), u•hick propPrty, topether uuith al! additiona and tubatitutiont Aertajter pltdytd or depotited witA Bank is rnlled the Col- ~~rrrul. Tht Collateral is alao ptedyed aa aecuriey /or a![ otkts len6i[itiea (primary, attondary, direet, tonli„yent. aole, joint or aevtral), ~~r to 6rco~n~ dae o~ whiuh may 6e hereajter contrneted or neqeiired, oj eaek blaker (ixeludiap eaeh Maker and any other person) l;arik. Tke aurrrnd~~ o/ thia notc, eipon payment or otkeruyte, shall not a/feet the riyht oj Bnnk to retain Ue Colluteral for tueh .,•hrr fta6ilitiaa. Additioos to. :eduetions or s:ehangti d. or subtin+tion~ for tb~ Collatsral. papm~ab m aoeount d ihL loan or ine»as~s ot th~ sam~. or olh~r ;~ans mads partially or wholly upon the Collateral. may lrom tims to tim~ bs mad~ wiUiout a!l~.iinq ths pro~isioni oi tLls not~. Bank aDall ~s~rciss r~awn- ai le cars in the cvslody and presenatioa ol the Collat~ral M the ~:tent r~quirsd by application ststut~. and ahall b~ desmed to ha~~ uerci~sd rsasooabl~ c::e ii i~ takes sueh aetioa (o~ lhat purpose a~ Malcsr ahall rsasonablr rpu~st ia writioq, but no omiuion b do any ad nol r~queat~d by M~r ahall b~ ~eemed a failure a e:orcise reawnable ears, and no omis~ion to oomply writh anp rsqueit ot Maker shaU ot itsell bs daemed a lailur~ W~z~reita r~aaon- ~t:ie care. Bank ahall no1 bs bound to taks anp stepa necewrp fo pr~serv~ any riqhts in ths Collat~ral aqainst prior putie~ and Mak~r ~6all taks aU n~c- essary steps for wch purpow~. Bank oc iu nomineo nssd not eoDeet interat on or prinapal a! anp Collataral oc qi~e anp notid with r~spset to it. ' IE the Collatsral a6all at ani tims become unsatislaelorp b Bank. Malcez ahal! within oa~ day afur d~maad pledgs and d~posit wUh Bank u part o1 ' t~e Collalsral additioaal propsctp which is sat3stadarp to Bank. C y If Bank deems itseli tnsscure, ar upon the happeninq ot any ot 1hs followinq svsnb, each ot whic6 ahall constitul~ a d~iault h~rsunder, all ' iiabilities of aach Malcer b Bank ahall thersupon or thereafter, at th~ option o! Bank, wiU?out aotice or d~mand, bsoom~ dw and papablr. (a) failur~ ~ c! any Obliqor Iwhich term shall msan and include each Maker, endoner, surstp aad quarantor ot thi~ aols) to pertorm any agreem~nt hereunder, to ~ c a}• interest herw~ within bn days atter lt is billsd or olhsrwis~ cequested or dsmandd, ot to paT any Wher liability whatsos~~r to Hank whsn du~; (b) ~ c!.e death ot any Obligor. (c) ths filinq of any petitioo under th~ Bankruptep Ac4 or any similar (edetal or ~ute statute. bp or agaiost snp ObUgo~: (dl an g ,:~plicatioo (ar th~ appointment ol a rsceivsr tor, Ihe mskiag o! a general assignment !or ths benetit o! asditon by, or th~ inwl~~ncy of anp Obligor; (e) 9 the entrp d a judqment aqainst anp Obliqor; (Q ths issuinq o! aap sttachment or quniahmsnt, or ths tilinq o! anp li~n, aqainst anp propsriY ~~Y Obl:qor: fq) ths ukinq ot posses~inn d any substantial put oI the Qroptrty ot any Obligor at the instanc~ ot any qo~~mmeatal authority: lb) ths dir solution, merger, coosolidatioa, or raorganisation oI any Obliqor; W the assiqam~nt bp any Maker d any ~quity tn anp d th~ Collatsral withart tho writt~n conaent at Baak. gan~ shall ha~~. but aball not bs limited to, the foUowiaq righb. ~ach ot which may bs ~:erci~sd at any tim~ wh~th~r oc not thi~ not~ i~ du~: (0 ~ to pledq~ a transl~r thb nots and ths Collateral and Bank shaU thereupon be telievsd of all dutisi aad re~ponsibiliti~s hueundsr and nlier~d trom ~ ar.y and aU liability w[th nspM b anp Co1l+tsral w pledqsd or trand~rtsd, and any pledge~ or transt~r~e shall tor a11 piapos~s stand in th~ plac~ d Bank h~r~under and ha~a all tD~ righb ot Hank hecsunder; (al to transfer th~ whols or any ptrt ot th~ CoUabral into th~ aam~ o! iWU or its aomloN: ui~ to ~ot~ ths Cotlateral; (i~) to notity ths obliqor~ on any Collat~ral to maks papmant ro Bank o( aay amounL due or to b~c.~om~ du~ th~rson: (v) b ~ demand, sus far, ooU~ct. or maks anp compromiss oc setUemsnt it d~sms d~iirabls with rd~rsnc~ to Ih~ Collabrtl; and (~U to tak~ oontrol ot anp proos~ ~ of Collattral. Haak b LerebT qi~en a lien upoa and a s~curitp int~r~st in all prop~rtp o! ~ach Obliqor now or at aay tim~ h~naft~r in th~ poswsaion o! Bank in any capacitp whatw~~~r, includiaq but not limitsd w aar balanc~ or ~hars oE L~y dspwit, trust, or aq~ncy account, as wcurity tor the paym~nt o! ~ this nwe, aad a similar lien upon and security intare~t in all such propert~ o! sach Maker as s~curity br ffis papmsnt d all Wh~r liabilitiss ot ~ach Malnr to Bank (indudiog liabilLi~s ot each Maker and any ots~r p~non); and Dank shall 6a~~ th~ ~am~ righb as to ~uch prop~rty as it hu wllh r~sp~ct to Ilu Collateral. ~ U Hank dNms iWU insscur~ or upon 1hs oocurr~nc~ of any d~fault h~reunder Bank shall har~ th~ rem~dles o! a Ncur~d party und~r th~ Uni- ~ to*m Comm~rcl~! Cod~ and. without limitinq th~ qeneralitp ot the forsgoinq. Baak ~hall 6a~~ th~ riqAt. imm~diat~ly and without turth~r actioa by it. lo ~ eat oH aqalnst 1hSs nots all mon~y ow~d by Hank ia aap upaciqr w~ach or aay Obligor. wh~th~r or not du~, and a4o b s~t oft agatwt aL o1h~r liabilitiM d~ach I(ak~r W Bank all mon~y ow~d by Baak in aur capadt7 to ~ach or anr Mak~r: and Bant shall b~ dNm~d b ha~~ ~:~rciwd ~uch right of .Nolt aad a La•• msd• a cLarq~ aqainat anT such mon~T imm~diablr upon ths occuc:~na ot such ddault ~~~n thouq6 such chuq~ i~ mad~ ~ oc ant~nd on th~ boob d Bauk sub~equ~nt 1h~rNo. Unl~ss th~ Collat~rd is p~rishabb or thrsat~ns 1o d~din~ spNdUY fo ~alw or i~ ot a typs cus- ~omaril~ ~old on a r~ooqnir~d markN, Hank will qi~~ blak~r r~awnabb notky d the tim~ aad plac~ ol anp public ~als th~rwt or of the time after wrhich ` any pri~~b ~a1~ a aaT o1h~~ int~nd~d dlapositbn th~r~of b to mad~. Th~ r~quir~msnt ol r~asonable nwio~ shaU b~ m~t if such notics L mailed. ~ p~qg~ pr~paid. to ani Mak~r at 1h~ addr~w qir~a b~low os at an~ wh~r addr~as shown aa th~ r~oordi ot W~ Bank. at lsast fi~~ dap~ bstoro the tim~ s oi the wl~ os dispositioo. Upon dlsposition ol aa~ Collaard after Ih~ occurnnq ot anp ddault h~nuader. Mak~r ~haU bs and r~main liabb for any ~ defici~ncp: aad Baok ~hall account 1o Mak~r !or anT surplus, but Bank a6a11 ha~~ Ih~ right W applp all or anY part ot such surplus (or to hoM tha ~am~ ea a rea~n~ aqalntU anJ ~sd dl Wh~r liabiliti~s of ~ach a anY Mak~r b Bank. ~ No d~la~ or amWioo 00 ~L~ part ot Haak in ~s~rdsing mp riq6t b~r~und~r shall op~raN u a wafv~r oE such rigAt or of anp other riqht under thu nob. Pru~ntm~at d~maad, prw~st, notic~ of dishonor, and ~zt~nsion ol tim~ without notic~ u~ hu~by wairsd bp ~ach and ~very Obliqor. The ~ Obliqon. ~ointtt and ar~rallY. promis~ and aqr~s b pa7 all co~b d ooll~ctbo and attorn~pi !~u eqwl W lOrJo ot tL~ principal ~um or ~uch luq~r ) amoune~ ~ ma7 b~ rwaonabb and ju~t Incutr~d oc paid b7 Bank in wfadng t6L not~ upon th~ oocvrr~nc~ at an~ d~fauN. Anp notics to Mak~r ~hall bs suNfel~ntl~ wn~d br all purpwN it plae~d In th~ maU. postaqs pr~par~d. addr~wd to or l~ft upon th~ pr~mis~s at. th~ addr~ss showrn b~bw or any ? other addt~as ~hown on Bank's r~oords. Mak~r aclowwl«iqM r~lp d a oompLMd aop~ d thL No1~ on th~ ~bo~~ d~t~. ? /s/ Hyla June McKnight ~ ; ADDRFSS: ` Y +`•~r V : U ~ - (SEAL) - ~ ~ ~ - ~ ~ ..a r~:"~` . ' ~~r-~ _ " ~'.'W: ~