The URL can be used to link to this page

Home My WebLink About0066 7 • . . . ~ . r. ~.~.-..~.r ~ - -~.~.~.r ~ .r .r-+~~~ w~--?r~..tiw.~.r~~.~ ` INSTAILMENT PROMISSORY NOTE ~ tuR~1.E it~~R I~SSUG 1?TES - I[~lC. • ~w AK•~r•a s ll,ay,s 9ANK NAME (8) Memium /o? Credit lils/Oisability Ins. : MII! , ~~X ~Zg~ J~S~ r~~ ~L. 3345y ~ci o«~~~a.,, sta~ t_~Q~;s OFF~CE AOORESS (O) Olher Chatgts (ittmiZ0) S 11AA~~~_ ~E~ s~ ~ NOTE NO. DATED: ~T~1 t3~ . 19 IF) S p~ (G) Amount Financed ii ~7~.~ DUE: ~y 6 , 1a~_. (A, B, C, O. E, F) S ~ IH1 Interat s l~ _ 79A _ f!!1 . P~ACE• - . FIORIDA ~~~t Inwstigation s Fo? vslue rece~ved, the und~rsigned (hereinstttr called "Maker") jointty and ssverally (if ~~hN s 1~}~ mo+e tMn one) ptomise to pay to the otder ot the Ba~k~ at its office listed above, tha Toul (KI S ot Paym~~ts (~rom (N) at ~i9ht) of Q_OoUars 1~Q (L) S W~ ec~ua~ monthly instal~ments of S i~. 9 PaYabte the (irst ~M) FINANCE CHARGE - 6 72~.~ -(H, 1, J. K, L) ~ S ~nscaliment due on a~1t1'1e 6 . 18~, and subsequent ioswllments due oo ~N) Toat of Payments (G + M) S 1,8.,1,~~ ine~~sv ot each month tF~estter, cog~tM. wich s F~NA~ BAI.~oON PAYMENT OF: ANNUAL PERCENTAGE RATE~,OQ_% ~ S 14~E oUE _.~~.«...~........._M_«.~.~.~_ Tne Bank shall impose a delinquency chug~ against the Maker on am? payment which has becorne due and remsins in default for s qtiod in ~xa~ ot 10 days ~n sn amoun~ equal to 5% of the amount of the principal part oi the payment in detault. In Me ev~nt Mae the Note is not w~d i~ full st msturity, ~II pay- mencs, whether principal, intaresc a otherwise, shall bear interest at the maximum leqal rate allowed under the laws oi the Stat~ of Florids. All paym~nts msd~ hereu~der shall be t~cdited tirst to interest snd then to prineipal, howewr, in the event oI default, the Bank rrwy, in its sole distretion, spply sny psymant t0 ~ncerest, pri~cipal and/w Iawful charges then sccrued. It is the intentio~ of the par~~es hereto chat the Wovisions he~ein shall not provid~ dinctly or iadineNy for tM payment of a greater nte of interest or tM recention ot any other charge than is allowed by 1sw. It, tor any reason, i~terest in exqsi of wch IpN nte or a charge prohibited by law shall at am tim~ b~ paid. any such ~xuss shal~ either constiiu[e aod 1» troated as a paymenc on ths principal w b~ r~fund~d dincthl to che Maker. The Maker may prepay the entire unpaid balance of the toan at any time. If the loa~ is prepaid in full, acceteratcd or refi~anced, the MskK shsll rsceiw a refund of the unearned portion of the interest and inwrance premiums computed by the Ru1e of 78's method, except that the Bank shalt be entitled to retain a minimum interest charge of $5.00. CREDIT LIFE AND CREOIT IIFE & DISABILITY INSURANCE ARE VOIUNTARY AND NOT REQUIRED FOR CREOIT. Suth inwrancatowrsgs is avaitable st the cost designated below tor the term of the credit: (a) S for Credit lite tnwrance (0) S for C~edit Li(e & Disability Inwrante: . Check ? Gedit Lite Insurante is desired on the lite of qppi, Birthdate Box ? Credit Life & Oisability InwranCe is desirsd on Birtt~dat d Gedit Li(e and/or Disability Inwrance is not desired. ~ , n~~P~--------~ii 23, I97A s , - H. Ina _ Sig As security tor the payment of tf~e Note the Maker hereby grants to t it~rce lhe following propertl`ILI{j,~~4 Q~"~f C"?~~ _ i~ i ~ ~ d~crle~d in =aid e~ertran~ i SF.E_..BACC l~BiE ~ ' ; inc~uding alt increases, wbstitutions, reptacements, additions and access~ons thereco and in che proceeds thereot (hereinafter called "Collateral"). This security _ ~ interest shall also seeu?e any other indebtedness or liabilicy of the Maka to the Bank direct or indirect, absotute or contin9ent, due or co become due, now ex- ~ ~stin9 w hereafter arisirg, intluding all future advances or loans by the Ba~k to the Maker_ E The Bank is also give~ a lien snd a security interest in all property and securities of the Maker, erubrser, wrety, gua~antor or accommodatan party oi this ~ Note (hereinafter referred to u the "Obtigori ~ow in or at any time hereafter comi~g into the rnntrol, custody or possession of the Bank, whethar tw the ex- pressed purpose of being used by the Bank as Collateral, w for any other purpose, and upon any balance w balances to the cradit of any atcounK, including ~ crusc and 9on, a~d the Obligors agree to deliver to the Bank additior?al Collateral w mske wch apency actounts maintairKK! withthe Bank by any of the Obli payments in reduction of the principal amount of the loan as shatl be satisfactory to the Bank, in the event che a(orementioned Collateral shall deNine in vslue or beeoms unsatisfactory to the Bank. . Additions to, reductions w exchanges of, or substitutions for the Collateral, payments o~ accou~t o( this loan or increases of the same, or other loans made part~aily o? wholly upon the Collateral, may trom time to time be made without af(ecting the provisions of this Note. The Bankshall exerci;e reasonable care in she custody and preservation oi the Collateral to the extent required by applicable statute, and shall be deemed to have exercised reasonaWe care if it tskes wch zc[ion iw that purpose as Maker shall reasonably requesc in writin9, but no omission to do any xt not requested by Maker shall be deemed a failure to exercise reasonable wre, and no omission to comply with arry request of Make~ shall oi itsetf be deemed a failure to exercise reasonable care. Bank shall not ~e bound to cake any steps necessary to preserve any rights in the Collateral against priw parties and hlaker shall take all necessary steps fo~ wch purpuses. The Bank or its neminee need not collect interest on, o~ a principal oi, any Collateral or give any notice with respeet to it. The Bank may continue to hold any Collateral deposited hereunder atter the payment of this Note, if at the time of the payment and diuharge hereof any of che parties liable for the payment hereot shall be then directly or tontingently liable to the Bank as Maker, endorser, surety, guara~tor or accommodation party of any other note, d~aft, bill of exchan9e, or other instrument, or othe.wise, and the Ba~k may the~eafcer exercise all rights with respect to said Collate~al g-anted here~n even though this Note shall have been wrrendered to the Maker. If the'8ank deems itself insecure or upon the happeni~g o( any of the following events, exh oi which shall co~stitute a default, all liabilities of each Maker to th~ Bank, including the entire unpaid principal of this (Vote and accrued interest, less any urtearned interest and a~y interest in exceu of the maximum altowed by law and any rebates required by law, shall immediately or thereafter, at the option of the Bank, except that the oocurrence oi (cl a(d) shall cause automat- ~c accele.ation; without notice or demand, beeome due a~d payable: (a) the failure of any Obligw to perform any obligation, liabiliry or daim to the Bank, to pay ~ ~n~erest hereon within 10days after it is due, or if there is no due date, aiter it is billed w otherwise requested or demanded, or to pay any other liabitity what- ~ soev~r to the Bank when due; 1b1 the death of any individual Obtigor, the dissolution of any partnership OWigor or the dissolution, merger or opnsolidation with- uuc the Bank's p~iw written consent ot any caporate Obligor; (c) the filing ot a petition in bankruptcy or the adjudication of insolvency or bankruptcy under , ~ :~ny reorganization, arrangement, readjustment oi debt, dissotution, liquidation w similar proceeding under any Federal or state statute, by or against any ~ Obl~gor, (d) an application for the appointment of a receiver for, or the making of a general assignment for the be~fit of credito?s by, any OWigor, ie1 the entry ~ uf judgment agairest any Obti~or; (i) the iswing o( any attachment or garnishment, or the tiling of any lien, agai~st any property of any OWigor; (g) th~ taking of possession of any wbstantial part of the property of any Obligo? at the instance of any governmental autho.ity; (h) the determination by the Bank that a materi- at adverse change has occurred in the tinancial condition o( any Oblisw irom the conditio~s set tath in the most rece+~t tinanciat statement of wch Obliyor a he•etofore furnished to the Bank, or from the conditio~ of wch Obligor as he~etotore most recently disdosed to the Bank, w that any warranty, repres~ntation, ~ certificate or statement of any Obligor (whether tontained in this Note w not) pirtaining to or i~ connection with this Note or the loa~~videnctd by this Note ~ contairn an untrue statement oi rnaterial tact or omits to state material faCt necessary in wder to make the statements made not mitleadinp; d, (i) tM auign- ' ment by any Make. oI any equity in any of the Cotlate.al without the prior written consent of the Bank. The Bank shall have, but shall not be limitsd to, the following rights, eath of which may be exercised at any time whsther p not this Note is due: (il to piedge w transfer this Note and the Collateral and the Bank shall thereupon be relieved of all duties and responsibilities hereunder and ~elieved Irom any and a~~ I~abitity with respeet to any Collateral so pledged or transierred, and any pledgse or trans(eree shall for all purposss sWnd in the plsce of the Bank htnur~ ard have sll the rights ot the Bank he~eunder; (ii) to transte~ the whote or any pa~t oi th~ C~Ilste~al into the name of itself or its nomi~; (iti) to vote tM Coltst~n~; 1~v1 to notity the Obligors of any Coltatersl to msk~ psyment to tAe Bmk of any amouna du~ or to btcoms due thereon; (v) to dsrnsnd, we ip, col~~ct, w ~ make any compromise o. settlement it deems desirable with reference to th~ Cotlateral; and (vi) to tsks possession w controt of am? poee~ds of Coltatera~ Pt~ f i i- ~ *"BAkK' as us.:f '~~re1n a~aa~ Tur~:ie Reaf Asso~iatas, inc: ~01~ 1~s~~s~~ - i, ~ • NOTICE: SEE OTHER SIDE fOR tMPOi~,t MATION FB5 75'l. Rev. 7i77 ,y~M~ . ~AYi: _ . . ~ • v~. - ~ . ~,~':~fsrr ' . .._~w'L+S~-:•_ _ _ ap , _ - - . _ ~ -