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OISCIOSURE NOTE FOR iNSTALLMENT LOANS ~ ~
_ ~'IRST NATIONAL HANK OF FORT PjERCE ~ A"'a'"' R.~.~wd s Z. 200. 00
• 9ANK NAME ~ (B) YfNrtiYfll ~Ot C~~dit • lOS. 53
Lit~/pi~bility ir?=. _
Post Office Box 970 Fort Pierce, Florida ~c~ oo~~~u~ su~ s 3. 60 .
- OFFICE ACORESS I~) Oth~r CMt~s (ittmu~l s_none
tE~ s none
~:OTE NO. ~ I- 2969-8 OATEO: F_1] ~a ,ry 2A ,»yq. ~F? t none -
iG) Amount Finsnced • ,l oA ~ v
ouE: Februarv 28 ~e 81 . cA, e. c, o. E. F~ s ;
tH? ~~t..~.~ s__ 314.19 _ :
P~ACE: FO['t ~Q!'Ce , FIORIDA (l) G~dit Imr~stip~tion 1 S_ OO
o~n~ s none
Fo~ va~w neeiwd. tM unde.siyned (hKeiMt~~. ca~kd "M~ker") ioinitY and sw~r~uy (il (K) S nO~e -
R~ore th~n Onf~ prOmif~ to p~y LO lht O/d!r Of tM B~~It, a! itf O(fip! lifttd ~bOVl, thf ToUI
ot PaYR+ents Htptn IN) at riqhll of S2 . 638 -~2 ~,u,~: ~,v,~a 24 +u s none -
rquat monMty ie?st~lttn~ntt of = 1~9 .93 ~ t~ (Mi FINANCE CHARGE
~~staumtnt dut on MArr!h R ~ j9 (H, 1, J, K. 1.) . s 329 '
11, snd wbspwnt i~ullments dw on (Nl Tot~l ot Payn+~nts (G + M) t 2. 638 `32 '
ine.~,~dsy o1 tach mw+th thert~tter, tog~ther ~wit~ a F~NA~ BA~~OON PAYIiAENT OF: ANNUAL PERCENTAGE RATE 13 . 14 %
5 none DuE nnn~ , t9
The Sank d~sll impos~ ~ dtlinqutnty e~r~e ap~i~st tM IM~k~r oe any paymt~t which has b~cotn~ du~ and nmtint in tNiyult fw s pe~iod in ~xwa oi 10 ' ~
days in ef1 ~RKNI~t pwl to 5% of tM ~mounc of tht p.ineipal part oi tM p~yment in d~i~uk. tn tM went thst tM Noa is eot p~id in tull a[ rtrturity, a11 pay- ~
rr~ncs, wh~ther principal. int~rpt or otMrwip, ihall b~ ie?t~r~t st tM nyxinwm Mpal rst~ altow~d undN tAe law. All psymtott m~d~ h~nuoda slull b~ ~
cred~~ed first to inttr~st snd thM to principsl.•how~vK, in tM ~nt of d~fault, tM 8ank mry, in It~ t~ol~ di~etior~. app1Y anY PaV~t to intentt, princ+p~l '
and/or lawiulohatyes then soC~u~d. It i~ tht intMtiw~ of th~ p~rt'~ htr~to that tM provi~ioni he?tin dull not p~ovicN dirtttly Or indirKtly for th~ payment
of a g.ea[~r rst~ of intKpt or th~ ntention of sny otl~ ch~ thsn u sllowsd by Iwr. If~ for any ~p~on, Mcerasc in ~xass of wch Nqsl nte or s d+srye pra
hibited by {~w stu~{) ~t ~ny tinle b~ p~id. ~nY suCA ~xqst fhMl lith~r coettitut~ and M tns't~d as a psym~nt on th~ prir~ip~l or b~ niur~d~d dinetly.to tM
Maker. tf?~ IW~k~r m~y prepsy tM ~ntin urWsid b~ltncs of the lou? at my tim~. IE tM 1Wn is pr~paid in tult, ~ooH~nnd or refLw~pd, tA~ M~Icer sh~ll reetiw
a; etund of ths un~r+edpO~t~On of th~ int~rest aed in~wano~ pr~mium~ oomputed by tl~ RuN of 78's mnhod, exapt tbat th~ B~nk shall be ~ntitled to rttain
a minimum int~~Mt Of u,00.
CR EDlT UFE AND CREDIT ItFE A ~ISABILITY INSURANCE ARE VOLUNTARY AND NOT RE~lJ1Af0 FOR CREDIT. Such inw~~no~ oov~nDe 4
~~?~w..t oo~c a.~.ad aiow ro. m~ e.~ or «.a~:: u~ t none ro~ c:~.a~t uf. i~,,..~o. tb1 s 10 5. 53
ro. c.edic ut• b Dia~bitity Imu~+ot: .
Chvck ? G~dit lif~ I~w~ a d~ind oo th~ li(~ of ~ Bi?tl~date
A~p+. ~ a.ah ~it. i Gaw~~ty ~~w~r.nce i~ d~ind on et.d~d.a 6/1/51
Box ? C.~dit Lii~ ~nd/o? Diqbility Inwwnp 8 t d~si i~~~/~'~^~ .
~ate: FehrtlaN 28. 1979 Si~tun '~~e
A F T E R ACQUIRED MOIf RTY 1MILL ~E fUtIECT TO TME SECURITY INTERESI AMD OTNER OR FUTYRE 1NDEtTEDNEfS tStECUREO dX ANY iUCM ~ROrEpTIf, AS f~LLGwS:
hlaker heraby ~~nts to 8mk a srcurity interest in tM properiy, if ~nY. dtstribed in tf~e lp~ce below ~nd in sll other property of Nl~lw now or her~aftsr in
Bank's pon~ssion, ~nd wch ~ecurity intsnsc shsU r~o acure s11 otMr li~bilicies of Nlaker co B~?k, whsthir primsry, s~condsry, diract or conti~gent, present
or f uture. TAe afor~id t~cu.ity interat exclud~s the IM~kers primuy rnidence unlas ssid primsry nsidence is desc~ibed bNow.
1973 jetSki 17 Foot Boat, Serial No. JET006240473, 1973 Berkley Motor, I90 HP
and 1973 Custom Made Trailer . Lot 11, Block 3124, : ~rt St. Lucfe, Sectfon 45,
according to the plat thereof on file as recorded in plat book-16, page 25A, of the ~
public records of St. Lucie County, Fla .
i f ~he gank ~quins tM Mske~ to obUin inwrsnoe coveraye againsc loss or damage to the coilateral secu~iip the Makers incfebtedness to the 8snk, tF~e Maker
'~Y Obt6ifl StICM COYl~spe from ~ny sgent, broker or i~wror scceptabte to the Bank. ~
I i is jointly ~nd s~vtrally covensnted snd ayreed with tM Bank by esth Maker, tndorser, wroty, gusr~ntor, snd other psrty to this note (sll of whom are
here~naicer tor brevity qll~d Oblqor pr Obligorf) thst:
Bank sh~ll exeRisa rqson~b{t cars in tha tustody and p~eserwtion of the Collsteral and shstl be deemad to have txercistd ressanabte cue if it akes sueh
~ ectinn tor that purpos~ ss Mtker shsll ressonably nquat in vwitiny, but no omission to oompfy wifi any rpuest of Msk~r sfiall of itsetf ~med ~ failure to
i exeicise raswnsWt eare. ~thout limiting the yenerslity of tht foreyoeng, the Bsnk shall Mre ~o rtqwn~ibility for sscertaining any msturities, eells, tonver-
! s;on, excharg~s, OHers, t~nders or similar mateen ~e4trtg to any of the Cptlstera~, nor for informinp the undertiQn~d with respett to sny thertof. Bank shstl ~ot
I b~ baund to tak~ any ~tps r~ry to p.eserve any riphu in tM Coltatersl spsinst Pr'ar p~rties, and Maka sAsll take alt n~psssry neps for such purposes. 8snk
; or ~cs rsomirn~ nMd not ooll~ct interesc on or principsl of sny Collsteral or yive any notice with resp~ct to it. Right is he?eby expressly granted to the Bank at its
~ a~:~an to tramitr ~t aoy time m itself w to its nominee any Cotlat~ral snd to r~oeive the ineome thereon ~nd hold same ss security heretor, or ~pply it on the
pr~ncipal or intMSt due fiertOn or due On sny liability sswred her~by.
~ lJpon tM happ~~irg of sny of tAe fOllowiny evsets, ~sd~ of whith sfisfl tonstitute s d~fsutt heteunder. or if the B~nk deems itself insecurs, tM e~xire unpsid
~ talance of thb not~ sad ~II othe~ lisbilitia of ~sch Nbkp to Bank shsll thereupon or therqitar, ~t the optiar of Bsnk, without notioe or dem~nd, becortw imme-
d~ate{y due ~nd qy~le: tsilure of srW Oblgor to p~rform ~ny agnement Mteunder or to psy in tull, wMn due, u+y liability whatsoevsr to Bank or any in-
s ta i menc tM.~of or in[~nst th~.wn; (b1 tha desth of ~ny pblipor; (t) tM fitinq of s~y petition under tha 8~?kntptcy Att, or ~ny similar fed~ral or stste ttatute,
bv or ~gsi~tt ~ny ObtiQor, (dl ~n appliution for tAe ~ppointment of a r~pivtr iw, the m~kinp of ~ yM~rsl aaipnrtwnt for the benefit of ereditors by, or t1+e
!nsafverKy Of ~ny Oblippr, (e1 tAe tnuy of s judprtMnt ~i~st any Obliqor; it{ the issuinp of sny ~tqchmenu or ~rnishment, or the filirg of ~ny lien, sgainst
~~~v D~oDSrtY of aey Obliyor; (y) th~ t~kiny of pos~ipn of ~ny wbst~tial psrt of the property of any Oblipor it tl~e infUnp of anY govemmental suthority;
;nl che dissdution. n+~rQer. ~o~olidscion, or reor9sni~tion of piy Obtgor; (i) tAe determin~tion by Bank thst s ms[erisl sdv~rfe chsnge hn oocumd in the
1;nandal tondition Of ~ny Obti9pr from tht tonditions stt fo?tb in the most recent tinancial ~tateene~t ot weh Obligor heretotore tumisfitd to 8ank, o~ from
~ n= coadition of such OWiyor p t~eAtpfore most r~tently distloqd to Bank in any msnner, w that any w~rr~nTy, nprKCnation, cacHicate, or nacement of any .
U~tiqor (wh~tMr eonninsd in this eote or not) peruininp to or in conn~ctio~ with this t?ote or tfi~ bsn widanced by this note is not irue: (j) th~ mig~ment bY
a~ y Maker of any pvity in any of tht Collatersl witAout th~ written cpnwnt of Bsnk; (k) f~ilurs to do NI thinps rawsnry to preserve a~d mainUin the value
a,d co+lactibility oi tl~e Collstenl. inNuditg, buc not lirt?ited to, the psymtnt of taxts snd pr~miurt~s on pplities of i~uranee on tF~e du~ dat! without benefit of
rna g.aca period.
Un1~ss the Co11aMS1 is pnishabfe ot thresterts to dedin~ ipNdily in vslue or is of a type custom~rily sold on a~eooynixed msrket. B~nk will pive Msker res-
nanie nocic~ of tM eirm pKf plKV oi any public ssN ther~ot a of the cime atcec which ~ priwt~ sak will be h~ld. TM nquiremsnt of rsason~bk notice shsll
rr~t if wch notice is m~ikd, postsp~ prepsid, to ~ny IM~ker at d~e ~ddrecs piven bNow or at any otMr ~ddress shown on tM records of.tM Bank, at lesst ten
-ay: berore the citne ot tM alt. UpOn ditposition of ~ny Cplt~ter~l sftet the ooCUrrente of iml dNault Mrtunder, Oblipprs shNl be ~nd remain liable tor any
;nf;crpn~y; and @a~k shall aCCpmt to Maker tor sM/ wrpluf, but BaAk shall hav! the ripltt t0 spply NI or any p~rt of wCh wrylus (Or to hold tM s~me ss a
cs~~.~1 against any s~d sll otAer IiN>ilities of eath p ~ny INsk~? to Bank.
" Bank shall Iwve, put sha11 not be lim~tcd to, d?e idlowiny riphts, e~cl+ of which may be axecc+s~d st sny tim~ whetAer or not this note is due: (al to ptedge
;!~anste~ this not~ ind the Colbttnl, whereupon 8ank tMll bt rNi~v~d of all duties and nsportsibilities Ntreunder snd rNiev~d irom ~nY md sll lisbility with
~s;:ec c co sny Cp1l~teral so pledg~d pr tnnsferred, and ae~y, pl~dge~ or ttsnsieree sMll for all purposes stsnd in the pl~ct ot Bank Iterwnder ~nd have sll the
;ncs to Bs~k he?eundN; (b) to inrtster the wF~ale w ~ny p~t of the Coll~tersl into Me njme of icself w ia nominee; (c) to notify the Obtgors on any Cottat-
~a! to make payment to 8anlc ot sny smounts due or to beton~ due thtr~on; id) to demand, we for, collect, w mskt any oort~promise or settitment it deems
~b~e with nterence to tl+e Co1l~ttral; snd (e) to Uke posseuion or control of ~ny prooe~~ of Collseersl.
o defsy or pmitsion on the psrt o~ Bank ie exercisin~ any rqht hereunder shall opente at a vwiver ot such riyht or of any od~er riqht unde? this note. No
~.=~wr or alte~~tion sh~ll be bindinq o~ 8snk uMess in ~ writin9 signed by s~ ~uthorized Bank officer, M1d thln pnly t0 th! lxtent tp~CitiCilly stt tORh ihe~ein.
~vntment, denrnd, pro~es~ ~nd notice of diu+onor, ~r~ hereby vwival by ~ac1? and every Oblyw. The t~kirq oi ~ ~enevwl note vrithout the siqr?sture ot any
Ker or endotser Iiable on this note shs11 not be ds~rt~ad ~ paymtnt w di~Charpe of this pblip~tion ~nd tht li~bility pHted hereundet shsll continue until this
~s pa~d in fu~l. The ObliQors, jointly and severally, promise and spree to pay all costt ot colNet~on, int{uding fttorneys feet puat of the smount
~~ced, or wth f~rQer sm;wnn as awY pe rerson~blt ~nd just it tollected by lepal proceedin9s or through an ~ttornty ~t law, int ~ lat~ proqedingt.
- The undersigned sckrwwle rr~ecipt ot s complet copy oi t~ note on this date.
~
;~±.~s: 220 SW T.Lr_r?rn n_ r Pnrt R~ T»~ri~ „~~'lg~ C~/L~u~'~2~ ISEA~I
. Edward G. Rauch_
~ r;,zzs ~
~ IS£ALI
3 : . - : ~:~'~312. ~a~E ~74
35 752 R,ev. 1 /79 - - ' ' ' " "
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