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: ~ INSTAIIMENT PROMISSORY NOTE ~ ~~~*_s~•~;*t,~=~
..~'1 ~~J;' ~ . . . . , :N `.~re'~T~! !~k-`~ 1
. . lA~~
' (A) Amoune RKtiv~d ~ ` E
, l6) P~Kr?ium Iw G~dit . • ~
life/Dissbitity Ins. = Aay~~~ ,
(C) Oocurr~a~1? S~smPS . s~At1~ I
P Q BOx Fil$,~~~.,uSFa aFer_N F~ A-
UF~'IC'€AS~Ft€~3`~ (OI OthN Chsrps 1itMnis~1 _ :j~p,~~~_ • .~j+, .
IE! =~en~ - ~ '
~ATE~: June 23 ~g~a , (FI =_AAR! ` ' " ~ ti
NOTE NO. •
tG1 Ilnwunt Fir?ant~t! " ~ . _ . ~ ~
: yd:a ~ ;
July 6 .~s ~ tn. e. c. o, e. F~ ' s5u~_nn~;.. ,
DUE: ~ lH) I~tN~st = ~~LS~.=~~~" ~
Ul G~dit Inwstiy~tioa s . _ _ , ~
?LAC£: , . FLORIDA .
1,11 OcM. :~:pjli----~~-~ i
For value rec~rved, the undenigned (heniostt~? callsd "MakK' ) jointly ~nd swNatly (i( • (K) s n~ -+~.~ss„ ' i
more than o~e) p~omise to pay to th! orde~ Of tM 8snk, st in o(fic~ lisad abow, th~ Toat f` ~
of Payrt+ents (from IN) at rigfitl of ~21. ~ Oolla~s paysbl~ in 120 ~V Sn~~'------'~' ~
equal monthty installmenAsV~S , th~ tiat F~NANCE CHARGE -~=~f?'~ ~
IH, 1, J. K. U S ~n
' ~ ~ ;
~nsca~~mtnt dus on ,19 , snd wbssqu~++t instsllm~nts dw on IN) Totsl of Psym~na (G + 11~q S~-~~
- 2~ '
~ x .
6trbay ot each mo~eh therqft~r, top~thN witA s FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RAT~t1-~ ~
un~rc DUE ~ .19~., 'i
5. .
, . - :-cs~.
Tha Bsnk shall impOSS s delinquenCy dfsrg~ ~piifnt th~ MakN on stly piyrtNflt whith haf b~ton» dw snd t~mii~ in dNM11t 101 apuiOd i11 ~~Ipn01 10``
days i~ an amount equal to 59L of tM srtaunt ot tM {xiecip~l psrt of tM psymrnt in d~twl~ In tM w~nt thst tM Noq is not p~id in tull at nrWrity, W ow--'
menzs, wh~ther principal, intertst o~ oth~wik. shall b.r iounsc.c cM ma,cimum I~ga1 nu stiowid u+~d~i ~M Isws ot eM Saa oi Flaid~.IW phr~sead~
hsreundK-shall be credit~d firsi to int~nst and tMn to pri~cipsl. horwwr, in th~ wN+t of det~ult, tA~ Bank mry. in iq ~d~sor~tiO~,spply snY piyenM~t ~o c
~ ncerest, prineipsl and/w lawiul chsr~s M~n aoCrwd. It is tM intention of tM parti~s ha~~tp thst th~ prorisions har~in shW not p~Orid~ dinCth? Or Mdhed~?
tor ch~ psym~nt of a gr~s[N nn of inanst a tM nantion ot sny ocha c1w~ thsn is sllowad by law. tl, for sny rwon. intMSt in ~xa~ of sud~ N~M ~ o? ~
a cha~g~ prohibited by Isw shsll st ~nY t1+n~ b~ O~id. snY weh txdss shsll lithv Conuitut~ snd b~ trpt~d si s palltMnt On eM W~+Cial or b~ MY~d~d die~~=:~ `
to tht Nbkll. ' -`".'s..,~~~t, - - :r,-~_ : -Lr.~'~_ :ri ~.~?:t'~ ~ ~
-={Z~ , ra..+~ ~~T`~~~~~
7he Msksr may prePSY the entiro uopsid bN~noa of th~ Iwe at any ti~. If th~ losn is pnpsid in tull, sepNnt~d a nfinaneid, t!~ Wtur ~hdl naiw a 1.
relund ot tM uneasned portion o/f~/t~M inunst and inswsnc~ premiums con+puud by tM Ru1~ of 78's nuthod, ~xap~ Mse cM Bank ~1a11 b~ ~naebd to nwn
a minifnuRl intM!!t Chir9! Of ~.Wi ' . : ~ii-.,t,3r, , _ ' _ ~ ' r. . ' : J•.` ~ Y~~x " S'
~i~}iY~ . . ^ -n ~-7's..~_ '_',~,•y(~*C; 4ar-/~S~"
CREDIT LIFE ANO CRE~IT LIFE 8 OISA81tITY~INSURANCE ARE VOIUNTARY AND NOT qEGUIREO FOR CiiEO1T.Sud~imursne;~ooyMa~is -
. a>_ : . . - . -y.,
avaitabt~ st tM eost designsted b~low for th~ tKen oi th~ d~dit: (a1 S ' ?w Cnd~e u~• ~nw.a~e. ibt S'
tor Credit Lif~ & DisabiGty Inwnnce: - ' ~ . . ~ , , 1. ~ ~
Check ? Gedit lite Inwrance is desirod a+ tM+lii~ of • _~u i y ~
A~~ - ,..,-z~:.,_ ~ Bit[lldat~ - - • - - • - • - - - - - ~ - pf`~
Box ? Credit Life & Disability Inswant~ is desind on j--• ~
- " - uchd~(e - - - - • ~
C~ Credit Life and/or Dissbility Insuranu is not desired. ' ' . ~
: .
June 23 1978 - ~
Date: ~ ' - Signature
; _ ~ Oh F. 1~ _ - _
• Sgnature ~ r n ~
As security tw the payment ot the Note the Msker hereby grants to the Bank a securi ~ntE est i~f! bllowing property: i ~1 Tlll"t~ B Rl~f
Cond -I~Racerd~d en p; ~-$ip~k 263, Paga ~A02... lta~t um~~ ~e ~nri 91~in c~nn_ n_3, ~
t O 7 a~ A~c~r~t~3i'f~`f~i' . _ . . . . . , . ~..•s ,-:4.~ t
-~R~I:n. si~d" aartgs~a. .
~nctuding a11 increases, wbscitutions. r~plapnrnt~, additiOns snd aCOessions thereco and in she proteeds thereof (AeteinaitK tal{d "CAlla~lrN'7. Thist~duity
; ~nceres[ shatl also securo any ott~er ind~bt~dn~ or I'isbility of ttw Msker to [M Bank di.ect w indirect, sbsolut~ or eondn~nt dw or to b~oom~ dw, now tx-s
~sNng w her~atter arising. ~nCludinp aH tutw~ sd~~ or IoinsbY tM Bsnk to th~ MakK. - ,~~y-
i .~i_.,~•-~~ : . - ~ . . . ~ • : . , ~ .r3. a~~~_...~-,C ~~.'yy'`~E~'3',_
Thr Bank is slso given s lien and s security int~nst in slt p.opKtV snd seturities of th~ Make , endorser, wreey. 9uarsntor or xaorrr.wdstion psrt~? of tha
hota IMreinatte. referred to ss th~ "Qbligors"1. nOw in or at sny time haesiter coming into tht to~trd, a,s~ody or poss~ssion of th~ Bs~+IC, wh~tM? tar t~e nc -•r
k pres.sad purpose oi being us~d bY tM 8snk ss Collaara~,.or fw sn1? othar Pu~Pos~, snd upon an1? bilaoce w balsnces to th~ cndit of sny aoeoune~,-includi+g-~.~
j crus~ and sg~ney sooounts mainqind witAth~ Bsnk.by snY of tM Obligon. snd du OWi9ors agre~ to deliver to th~ Bank additiaial Collsarsl or msk~ wcl?~
N~yrtxnts in reductio~ of tiN princip~i ~n+ounc o{-thtiosn ss shs11 be satisFxtory to che 8ank, in da ~wnr th~ sforKnsntw.wo Coilat~ral ~t daciin~ in~ptiKs
or become urwtisfxtory to the Bsnk. ~'Y ~ -i s - - ' - ' ~`''-.f' s~ s
.:s°.i.~ic°~#iYri... : , . - , c f'"i SS:r-_ ~t,~... .~'_.-y'~,, •
Additions to. reductions or excl~sng~s ot, w wbscitutions iw the Cotbce.al, paymena on aecou~t of this loan w incnases oi [he s~, or otMr lo~res msde- ~
~ parciaUy w whotty upon the Collaceral, may trom tims to time be made without affecting che protiisions of tbis Note. The 8ankshall ex~rcis~ rsssonsbl~ esre.in
the custody and preservation of ths Co1lstKS1 to th~ extent reguired by applicabte statute, and shalt b~ deemed to have exercised reasonable car~ if it tak~s such
€ a c c~ on f o
r th a t p ur p o s
e a s Maker shall rwsonsbl y r
puat in vKicing, but no omission to do any xt not requested by Maksr shall bt deemed a failun to ~xerci~
,~asonable care, and no omission to comply with sny requ~st of Maker shall of iiself be deemed a taiture to exercise reasonabte care. Bank shall ~ot be bou~d to ~
~ t~~ce any steps necessary to preserve anY rights in the Collateral against prio~ parties and Maker shall take all necessary steps for wch purposes. Tfw Bsnk or its
rom~~ee need not coflect i~terest on, or a p~ineipsl oi, sny Coltaterat or givr any notice wich respect to it. , -•-F- r"x
~ ~ . ~ ~,4' •
T.~~ Bani may continue to botd any Collataal deposited hsreunder sfter the payment of chis Note, if at the time of the psyment and discbarge herwf any ot ~
the pa~ties tiable to~ the payment hereof sMall be then directhl or caltingenHy IiaWa to the Bank as Maker, endorser, wrety, guarantw or accommodation party
ot a,y o[her ~note, d~aft, bitl of exchange, or other. imtrument, or otherwise, ar~d the Bank may thereafter exercise all rights with respect to ssid Collat~nl
~ an;ed horein even though this Note shall haw besn surrendertd to the Maker. . `J ~ f
~ 1: :nPBank deems itsetf insecure or upon th~ happening ot any of the fotlowing events, esch of which sfiall constituce a detault, all liabilities of esch Maker to .
3ank, inct~ding the'rnt~re unpaid principal of this Note and accrued interest, less any unearned interest and any inte*est in excess of tM~ maximum sllowed _
~ tr~ t~ r~ and any reba[es required by law, shall inxs~ediately or theroafter, st the option of che Bank, except that the occurrence of (t) w(d) shstl caus~ sucort+at-
,cc~t~ration; without notice or demand, becorrNdw and payable: (a) ths failure of any Obligor to perform any obligation, liability or dsirn ro th~ 8ank, to pay
~ ~n,er~st hereon within 1 Odays atter it is dua, or if the~e is no due date, stter it is billed or othenvise ~equested w demanded, or to pay any other liability what• ~t
; s~ e.er to the Hank when due; (b1 the death of any individual Obligor, the dissolution ot any partnership Obligtx w the dissolution, rt+Kg~roreonsolidationwich-
~ c~; ,h. Ban4's p.ior w.icten co~se~t ot arry corporate Obligor; (cl the /iling ot a peUtion in bankruptcy or the adjudication of insolvenq o~ bankruptcy ur?de~
, any reorganiration, ar~angement, readjustment of.debt, dissolution, liquidation or similar proceediny under a~ Federal or swte satutt, by or sysinst srW `
~ U nt ~;or, (di an apptication (o? thn appoi~tmeot of a reoeiv!r for, or the making of a geoaral assignment tor the bEnefit of creditors by, aoy Obligor; (t) the entrY
~ of ~,dgment :,gainst any Obligor; (t) tha iswing ot arry attxhment w garnishment, or the filing of any lien, against any property of any Obtigor; (g) ~ht taking of
~ v~,ssPss;on of any substanual pa~t of the propsrty of any Obligor at ths instance of any g'ovemme~tal authwity: (hl the determination by d~~ Bar?k thst a matcri- '
al ac~.trse thange has occurred in che finaneisl tondition ot anY Obligor from thq eonditions sst forth in the mosc retent finantial snttm~nt ot wth Obligor
ny~r.oto~e turnished to the Bank, or from ths condition of such Obligor as htreto~ore most recently disdosed to the Bank, or that sny wsrnney, rp.aentation.
~ ce.ut~wte w sta~er»a~t o~ any Obligor (whetl+e~ tonqinad in this Note w not) pfrtaining to or in connection with this Noa w tb~ loan widenced by Mis Notr:
can:a~ns an uncru~ staterr~nc of material fatt or omits to sbt~ mstaial faet netsssary in ada to mala the swcements matk not mislMdinp; w, (i) th~ asugn-
~ ment by any Maker of any equiq in sny ot tM Collatenl without tlu prior written conssnt of tM 8ank - :
~ ~
Th~ Bank shall have, but sl+all not b~ limiad to, the tollowing ~igfiq, utb of which may bt exKCised st sny timt wfietha or not thii Noti is dw. UI te r~,
~ p~•ege or tnnsfn.r this qjp ed [h~ Collsural snd th~ Bank fhall chNwpon be rdiwad of all ducia ~nd re~po~sibiliti~s hereund~r and rMi~vrd trotn an~? snd sll ,
Iiao~lety with respsct co~any ~Ilaaral solQlej~d w V~nsf~rr~d, snd snY PI~dyN ot trsntterN shall for sIl purposes stsnd in tht plaq o/ d» gank Mnund~r ~nd~~
haw all th~ rights of tMeBank hereuoder.li~ ~O transfN tA~ Zrhole w sny psrt oi tM Colbtaal into tN~ ~+n» of itselt or its nomine~; (iii) ~o wt~ tM Co~~ate~: ~ o.a
eo nodfy the Ob1i~Jors of any Collstast to mak~ psymt~t to th~ Bsnk of sny smounts du~ or to b~ton~ dw thereon: (v1 to d~msnd, w~ fw, oo~~~ct, a~• '
E mak~ sny comp.om~se w setttQm~nt it daems d~sinbt~ with nf~renc~ to tht Collanral; ~~d (vi) to ta1c~ Possess~o~ or tontrol of any poceeds of Colbte~s~•
t, ~
~ r ' - s ~ ti i . ~ , t~::;,~ _ . z~.L~~~;
~ ~ *"BANKu a~s use4,~~1~[ ~eans T~u~~~-~~~~~?~: ~rK. ~ 1 ~ S ~
~n~n~. ~~~~MUae-c~nc.en~.~uonars~rr,INFOHMATION !