Loading...
HomeMy WebLinkAbout0101 i . ~ INSTALLMENT PROMISSORY NOTE ~ I ta n~~~ R.~.~„«, s 6. ~00.00 ; q (9) Pnmium fo~ Credit ~ Lit~/pisability Ins. _ ~ P. 0. SOX 618, JEMSQI BfACH, FL. 33457 ~c~ ~«~~,t~rv sta~ s~~~ ' OFFICE AODRESS (O) OthOr Charg~f (itemi2f) S ~ . p ~E? s ~ ; NOTE NO. DATEO: F~ ~3• , 19~v IF) S ~ , ~1~C~ 6 ,19 (G) 8 CFD ~ s 6s1~.~ ~UE: ~ (H) Inttrest S ~ ' ' PIACE: . FlOR10A (1) Credit I~vestigation = ~O ~ ' IJl OtM~ S ~ For value received. the undetsigned (hertinsfter called "Nlaker") lointly and swerally (if (K) S a more than one) promise to pay to the ~Q~/ k, st its office listed above, the Totsl Aae ot Payments (trom (N) at right) oi Do~larspayable in i~ S equal monthly installrn~nts g , the fint ~M? FINANCE CHARGE 3~574.~ ~ r'i~ (H, 1, J, K, l) ~nst~~t due on P , 19_, and wbsequent installments due on ~N) Totsl of Psyments (G + M) S ' che day ot ~ach mo~th thereafter, co9etner witn a F~NA~ BA~~oON PAVMENT OF: ANNUAL PERCENTA(iE RATE ' 96 5 NONE DUE ~~~~~~NN~~ . 19 . The Bank shall impose a delinqucoey charge sgsinst the Msker o~ any payment which has become due and remains io default fo~ a period in ~xcess ot 10 ~ days in an amou~t equal to 59fi ot the amount of the principsl part of the payment in default. In ihe svent tAat the Note is not paid in full at maturity, all pay- ments, whethec, principal, interat w otherwise, sAall bear iriterest at the maxirtwm legal rate allowed under the laws oi the State oi Florids. All payments made hereurMer shall be credited tirst to interest and then to principal, howevrr, in the event ot default, the Bank may, i~ its sofe distretion, apply any paymMt to ~ncerest, principal and/w Iswfut charges then accrued. It is the intention of the parties hereto that the provisions herein shall not provide directly or indirectly tor ~he payment of a greate. rate ot interest or the retention of any other charge tha~ is allowed by law. If, tor any reason, interest in exceu of such legsl nte w a charge prohibited by law shaU at any time be paid, any wch excess shsll eithe. constitute snd be treated as a payment o~ the principal w be refunded diractly to the Maker. The Maker may prepay the entire unpaid balance of the loan at any time. If the loa~ a prepaid in full, accelerated w refinanced, the Maker shall receive a refund of the unearned portion ot ihe interest and i~wrance premiums computed by the Rule of ~8's method, exapt that the Bank shall be entitled to retain a minirtwm interest charge ot 56.00. CREDIT IIFE AND CREDIT LIFE & OISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrante toverage is ava~lable at the cost designated below for the term of the credit: (a) S tor Gedit Lite Inwrance (bt S for Credit Life d~ Disability Inwrante: Check C~edit life Inwrance is desired on the life of qPp~ Birthdate Box ? Gedit Life & Disability Insurance is desired on Birthdate ~ Credit life and/w Disability Inwrar?ce is not desired. - n ~ 1~8 ~ ~f ' Date: 23 ~ SigrWture /d . Signature , ri i e p me f t No t Ma er reby grants t t nk u~i ~nt res ~ the following ro ty~ p•07~- p~ ~a~"eres~i~n ~`ur`~`~'e ~ee~ ~oa~`. recoe~e~ ~a ~:1~. ~oo~c ~t~3 Pa ~2. .thi t Yee cs '~D ~a~d2 n . , t ~~o. as ctescr ~ ssid sort9avt. i ~ndudirg all increases, wbstituiions, replacements, additions and accessions thereto and in Me proceeds thereof (hereir?atter wlled "Collateral"1. This security t ~nterest shall also secure any other indebtedneu or liability ot the Maker to the Bank direct or indirect, absolute or contingent, due or to become due, now ez- ; ~sc~ng w Ae+eafter arising, including all future advances w loans by the Bank to the Maker. ~ The Bank a also given a lien and a security interest in all property and securities oi the Maker, endorscr, surety, guarantor or accommodation pa~ty of this Noce Ihereinafter referred io as the "Oblgori "1, now in or at any time hereafter comirg into the rnnt~ol, custody or possession of the Bank, whether fw [he ex- ~ p~essed purpose ot being used by the Bank as Cotlatera~, a fw any other purpose, and upon any balarfce or balances ro the credit of any accounts, includir?g ; t~ust a~d agency accounts ma~ntained withthe Bank by any of the Obligors, a~d the Oblgors agree to deliver to the Bank additional Collateral o~ make such = payments in reduction of the principal amount oi the loan as sl~alt be satisfactory to the Bank, in the event the atorementioned Collateral shali decline in value ~ o~ become unsatisfattwy to the Bank. Additions to, reductions w exchanges of, or wbstitutions for the Collateral, payments on account of this loan or inueases oi the same, or other loans made partially or wholly upon !he Collateral, may from time to time be rt~ade without affecting the provisions of this Note. The Bankshall exercise reasonable tare in che custody and preservatio~ oi the Collaceral to the extem required by applicable stacute, and shatl be deerned to have exercised resson~le care if it takes wch act~on for that purppse as Maker shall reasonably request in writing, but no omission to do any aCt not requested by Maker shall be deerned a failure to exercise ~easo~abte pre, and no om~ssion to comply with any request of Maker shall of itselt be deemed a failure to exercise reasonable care. Bank shall not be bound to cake any steps necessary to preserve any rights in the Collateral against prior parties and Maker shatl take all necessary steps fw wch purposes_ The Bank or its nominee r~ee~i not colleCt interest on, Or a prinCipal of, any Co~lateral or give any no[ice with respett to it. ' The Bank may continue to hold any Collateral deposited hereunder after the payment of ihis Note, if at the time of the payment and discharge hereof any of che parties liabk for the payment hereof shatl be then directly or contirgently liable to the Bank as Maker, endorser, wrety, guarantor or accommodation parcy of any other note, draft, bill of ex~ange, o? other instrume~~, or otherwise, and tMe Bank may thereafter exercise all rights with respect to said Collateral granted herei~ even though this Note shatl have been surre~de.ed to the Maker. ~ It the Bank deems itself insecure or upon the happening of any of the (ollowing events, each oi which shall constitute a default, all liabelities of each Maker to tne Bank, intluding the entire unpaid principal of this Note and acc.ued interest, less any unearned interest and any interest in excess ot the maximum allowed hy law and any rebates required by law, shall imcnediately or thereafter, at the option of the Bank, except that the occurrence ot (c) or (d) shall cause automat- ~ ~c acceleration; without notice or demand, become due and payabte: (a) the tailure of any Obligor to perform any obligation, liability or claim to the Bank, to pay k ~ ~nterest hereon within lOdays aiter it is due, or if there is no due date, aiter it is billed w othervvise requested or demanded, a to pay any other liability what- scever to the Bank when due; (b) the death ot any individual Obligor, the diuolution oi any psrtnership Obligor w the dissolution, merger or ponsolidation with• _ out the Bank's priw written consent of any corporate Obligor; (c1 the filing ot a petition in bankruptcy or the adjudication of insolvency w bankruptcy under ~ any reorganization, arrangertte~t, readjustment of debt, diuolution, liquidetio~ Or similsr prooeeding utxler any Federal or state ttatute, by o.r a9ainst any ~ Cibl~gor, (d1 an appliwtion for the appointmen[ of a receive? fw, w the making of a general assignment tor the benefit o( creditas by, any OWi9or, (e) the entry - ~ of ~udgment apainst any Obligor; (i) the issuing ot any attachment w garnishment, Or the tiling of ar?y lien, against any property ot a~y Obligor; (g) the taking o( ~ possession ot any wbstantial part of the property of any Obtigor at tf~e instance of any qovernmental authority; (h) the determination by the Bank that a mate~i- ~ a! adverse dwnge has octurred in the tinancial tondition of any Obligor from the conditions set foreh in the rtwst rece~t financial staterc.ent of wch Obligor herecofore tur~isFKd to ihe Bank, or from the condition of wcfi Obligor as heretofore most recently disdosed to the Bank, w tha~ any warranty, representation, certiticate a statement of any Obligor (whether contained in this Note w not) penaining to w in connection with this Note or the loan evidenced by this Note contains an untrue statement of material tact or omiis to state mate?ial fact necessary in wder to make the swtements made not misleading; or, (i) the ass~gn- ment by any Maker ot any equity in any of the Collateral without the priw written consent ot the Bank. • The Banktshall have, but shatl not be limiced to, the tdlowing rights, each of which rnay be exercised at any time whether w not this Note is due: (i) to ' pledge w traMth this (Yots and tM Collateral a~d the Bank sl~all thereupon be relieved of all duties and reiponsibilities hereunder and relieved from any and all liability wifi ~slipect to M~y Colleteral fo ptldged or transferred, at~d any pledgee or tnnsteree shall tor all purposes stand in tbe p~aoe ot tM Bat~k hereuncler and have all the rights of the Bank hereunde.; (iil to trans(er the whole or amr part of the Collateral into th~ name ot itself or its nominee; (iii) to vote the Collateral; I~v) to notity the Obliqort of any Collateral to make payment to the Bank ot any amounts due or to become due thereon; tv) to demand, we for, eoll~ct, or make any cowp~omit~ or settlegnsnt. it desms desinble with re(erence to tl~e Colbtarel; and (vii to take possessian or control of any prooseds o( Collateral. ~ ; • ~ ~ !'BAHK" as used harein r~eans Suwtje keef Ilssoclates, Inc. andJor ita assigns. NOTICE: SEE OTHER SIDE FOR IMPORTANT INFORMATION ~ '~3 10 F85 752 Rlv. 7/7~ V~ ~ t~I1 ~ .-.,~312 1 ~v rN !