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Home My WebLink About0357 . i~': - - - _ _ _ .r . _ _ _ . . • . - ~ INSTALLMENT PROMISSORY NOTE ~ , a~ ~ . ~ . :,-5~.. ~ ~ . . , . . . . . • • i ~ , ~•E ~ . , (A1 Amoun~ R~aiwd • _ :s~~~ : ~ ~ ~BANK NAME ' ~ • . ~ (8) PrNniulif110? Ct~dit ' ~ R.O. ~ 61~~ ~p18F~s FL. 3i4i7 ua/apai~~r i~: t ~ ~c~ oown»oa~,? stsnw• s y ORFICE ADORESS (D) OttN~ Chupa (itfmizd ~ IEl t ~ • .?j NOTE NO. OATED: Apri 1 25 , 1978 . ~(F) t~ . ' (G) Amount Firwnc~d ~~i~~ ~ ~ ~ c . , Q ~Y 6 a , 19_3t~ IA, B; C. D, E. F) : ~UE• • lH) IntKat t • - P~ACE• , ' ~.~~QR{p,q y (l) Cndit Invatip~tioe . _ , ; ~ IJI OchN ! ~ Fw vafu~ nuiwd. tM und~ni~wd (1?KNnatter plNd "QA~kK'.') Iointly and swrrNly (ff (K) ~ mor. ~han a+~l P~omi~. co Pw to d~~k, ia oHia l~t«i .bov~. d+~Zaal of -Paynw?ts Urom (Yl ~t riphc) oi i pp~~ p~Y~ In ~0 (U i ~vwi ew„m~~ insa~rm.na o~ _ ' . tM firtt l~1 FINANCE CHARQE ~ (H. I, J. K. L) _ ~nsallm~nt dw oi? ' June 6 , 19_~ and wbsqwnt inttallrra~ts due on . ~N! Toal of Paym~nts lG,+ ML cne 6t montn tMnaft..,~to~ttMr with ~ Flw?~ BA~~oON PAYMENT OF: ANNUAL PERCENTAOE RATE • ' % S DUE ..+M....~..~.~..~~w.w..~~~ Ths Ba~k shall irt~post s deli~quency d~srgt apsinu tM N4ker on sny paYmsnt which has becorr» dw and nrtwi~s i~ defwlt tor s pKiod in ~xaps of 1~ _ i days in an amou~t squal to 5% of the amount oi tM principil pan of tM psyment i~ detault. In che event that tM Note is not psid in full at msturity, ~II p~y- ments. wMc1~K princ~al. interest or othtrwis~. sAsll b~sr interest ~t tlM maximum Ipsl rsa allowed under tM laws of ths $taa oi Florida. All payrt»nq m~ci~ hereundK ihall b~ cndit~d (int to int~rest snd tAen to pri~cipst, howavsr, in tM event ot default, tht Bsnk may, in its sole discretion, spply any psyment to interest, p?incipsl and/or lawful charges then aocrued. It it tM intentio~ of tht parties hento thst tM provisions Merein shall ~ot provids dihctly or indinctty ~t tor the payment oi a prssttr at~ of intere~t w tht reterttion of sey otMr chargs than is sllowad by Iaw. If, tor sny resson, intersst i~ exoas ot wch I~ysl nte or ( a chargs prohibited by law shall st any tims be paid, any wch exosss sl?all eitha~ constitute and be tr~sted as a psyment on tM principal w b~ rafundsd directly to ths Maka. ~ The Mslcer msy prepay tht entire uopaid bslanoe of the loan at any time. If the loan is prepaid in full, accelarat~d or rofinsnced, tAe Maker shall raceive • ~ •efund of tM unesrnecf portion of the inteiett and inwrsnee premiums cwnplited by the Rule of 78's method, exaept thet tM Bank shsll be encitlad to retain ~ a minirtwm interest thstye of ~.~0. CHEOIT LIFE AND CREOIT LIFE 8 DISABIIITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREOIT. Suth inwrance toverape it • ~ available at ths cost dssi9nsted below fpt the [erm of the aedit_ (a) S fot Credit Life Inwrance (b) S for Credit Liit ~ D'wability Inwrsnce: Check ? Gedit Life Inwrance is desired on the tife of ~ t- qpp~, Birthdate Box ? Gldit 4.iff al Difibility IrKUrBtKE is dRfirld O~ ~ ~ ~ ' BiftlldstQ ~ ~ • _ s ' A ` . ' ~ i ~ C~sdic ~its and/o? Oisability I~urance is no[ desired. . ,~s . ~9 P, _ , _ ~ ~ 5 ' j ~1_ t- t ~ Date= - Signature . ~ _ ` , s~~4~e j~!~~ ~Y~ ~Q~ In T rtt ~ ri f iR ~iR• t ~~NG.'~ii~ ~a ~rGJ~7~ ~~~~~s rilAn~~t~~1~Ilr~r~~a ~ K • . i ~ ~ ~ - • i ~ includirtp ol ii~e?easa, wbstitutions. replaeemenn, additions and eccessions thereto and in the p?oceeck thereof (hereir?sfter called ••Collafersl"1.•Thissswrity ~ ' in±erest sNsll also acun any other indebtedness or liability of the Maker to the Bank direet o? indirect, absolute or co~tinyent, due or to becoms due, now ez- ~ i ~sting a har~fte? arisiny, including ali tuture sdvsnees or losns by the Bank to the Maker. The Bank is Nso qiveo a lien and a sacurity interest in all property and securities of the Maker, endorser, wrety, guaranto? o? eccommodstion party of this - Note (hareirtafter retKnd to a ths "Obligors~~l, oow ~n or at any tims herestter eoming into the contrd, custody or possession of the Bank, whether for tM ex- ~ pressed pyrpcue oi btinp w~d by ths 8ank as Collateral. a tor ar?y otha purpose. a~d upon am? bala~ce or balanoes co the aedit oi s~Y aocaunis, includinp crust and spency accountt maintainad withthe Bank by sny oi the Obli~oro, snd the Obligors agrae to dNiver to the Ba~ik additionsi Collatsral or make wch ~ ~ payments in reduction of tM printipal amount of tha loan as shall be satistattory to the Bank, in Me avent the atorert~entioned Collatersl shell deCline in value " or becortie u~uatqfattory to the Bsnk. Additio~s to, reductions or exchanges of, w wbstitutio~u for the Collateral, payments on aceount of this loan w increases of the ssme, or other loans msde partially w wholly upon tM Collatersl, may from time to time be rnade w+thout affecting the provisions ot this Note. The Bankshall ezercise ressonable care in che custody snd preservatio~ of the Collstaal to the eztent requirsd by applicaWe statute, and shall be deerned to have exercised resso~aWe csro if it takes wch ~ accion for thst purpos! as Maker shall reasonably rsquest in writing, but no omission to do arW act not requested by Maker shsll be deemed a tailuro to exercise reawnabls csrs, snd no omistion to comply wiih any request of Mska shall of itself be deemed a failure to exertise reasonable care. Bank shall not be bound to ; take any steps nxesisry to preserve arry/ r~hts in tha Collatersl sgainst prior parties and Maker shall take all necessery steps for wch purposes. The Bank or its nominee rned not tollect i~terest on, or a prinCipDl oi, sny Collete~sl or give any notice with respect to it_ The Bank may continue to f~old sny Collatenl dposited hereunder sfter the payme~t of this Note, if at the time of the payment and dischsrge he?eof any of the panies liable for cM payrtient heroof ~hall bs tMn directly or co~tinyencly liable to che Bank as Maker, er~dwser, wrety, guarantor or accommodation party ; of any other note, drait, bill of sxt~wnye, or od?er instrume~t, or oth~wise, snd the Ba~k mey thereafter exe.cise all rights with reipect to said Collateral ~ ~ granted Aerein eren tha~yh this Note snsll hav~ been wrre~dered to the Maker. ~ ~ It the Bank d~ems itself inssture or upon the happsninp of any of [he following evenu, esch of which shall corotitute a defsult, all lisbilitia of sath Maker to che Bsnk, including the entire unpsid principsl of this Note and accrued inurest, less a~y unearned interest and any i~terest in exeess oi the msximum allowed i by law and any nbates required by law, shall irtwr~sdiatNy or thereaiter, at che option of Me Bsnk, except that the oocurrence of ~c) or (d) shsll eause automat- i ic accelaation; without ootiq or dsmsnd, bswrt~s due snd payeble: (a) tM failure of any Oblga to perform any obligation, liability or clsim to tM Bsnk, to pay ~ ~ i ~cerest hereon within 10days afte? it is dw, w if tMre is no due dats, after it is billed or othervrise requated or demanded, a to pay a~y othe? lisbility what- ~ soever to the Bank when dus; (b) the dsath of sny individuat Oblipor, the dissolution of any psrtnenhip Obliga or ths dissdution, rrr~per or oonwlid~tion with- ~ ~ out th~ Bank's p~ior w?itten confent oi any cotporate Oblipor; (c) d~e filing oi s petition in bankruptcy or the edjudicatipn of insolvtncy or bankruptcy u~r. ~ £ any raor9snizatian, srrs~g~mtnt, ~qdjustmant of debt, difiolution, liquidstion or similsr proteeding under any Federal w ststs ttatuts, by or a~sinst sny ~ Obligor; (d) an applicstion tor tM ~ppointmant of s reoeiner for, a the msking of a gs~eral astignment tor Me benefit of crsditors by, sny OWigor; the entry of judgrt~ent sgsinst sny Oblipor; (f) the iswing of am? att~chrt~ent w psrnishrtient, or the filirg of any lien, apsinst any propsrty ot any Obligor; (p) the tski~?y of ~ possession of any wbstantial pxt of tN~ property of any Oblipa st the irotance of sny qovernrtwnul suthwity; (h) the dstermination by the B~nk thst a materi- ~ al adv~rst chary~ hst oocurnd in Me fi~ancisl ca~dition of any Oblgw from the tonditions set tath in the mosc r~cent financisl ststtm~nt of wd~ OWgor heretofor~ furnislwd to th~ B~nk, or irom the tondition of wch Oblipw ss heretofo~e most recently disdosed to the Bank, a that any warrsnty, raprestntation, certitiqt~ or stsam~nt of smr Oblgor (wfiether conqirwd in thi~ Niote a not) peraininp to or in oonnactan with this Note w tM losn evidenoed by Ma Not~ containt an untru~ sUt~ment of mttarial fact or omits to staU rn~tsrial fact neassary in order to make ths ststertrnts rtade not mislwdiny; or, (i) the assipn- ment by any N4~ktr of sny puity in ~ny of tht Co1latKSl without th~ prior writtt~ co~sent ot th~ Bank. ~ TM Bsnk shsll htw, but shsll not b~ limit~d to, the followinp ri~t~, tsch. of which mslr be exercis~d st amr tim~ wfiethsr w not thi~ Noa is dw: ti) to pfadp~ a trsnti~r tha NoU and tM Collaursl and th~ Bank shsll thtreupon b~ r~li~v~d of sll dutas and rapon:ibilitas hereunder snd rtliewd from srhr and all liability wjth rKp~et to any Collat~r~t so plsdp~d or as~f~rnd. snd amr PNdpM or trsnstene stNll for sll purposrs stsnd in tM plaa of tM Bs~k h~nunds? and havs sil tM ripha oi d~e 8ank henunder; lii) to ua~afK tM whoM a sM? psn oi the Collateral into th~ narne of itselt w its nominsr (iii) to vote th~ Collateral; ~ ('rv) to notify d~s~OWqors of ar~ Collst~rsl to rtwlu payrn~nt to the 8ank of any smouna du~ w to b~oane du~ therson; (v) to cf~msnd, w~ fo?, eolbct, or ; makt ~ny conp~omiM a s~ttbrtwnt it d~sna dsNra~l~ w+th refar~p to th~ Collatasl; and (vi) to nk~ possession a contrd of any proc~di oi Co1lat~raL ~ "~AlN~• as used he»t• ~n+s Trrl1~ uaf Assoctates, H~c. a~dl~- tIs a~st~s. ; NOTICE: SEE OTHER SIOE FOR IMPORTANT INFORMATION ~ R 312 3~ at~UK ~.1C: Fes ~s2 Rw. ~n~ . , . , - - - _ _ - - - „