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- OISCLOSI~R~ NOT~ ~R INSTAl4MENT LOANS
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s . . i (A) Amount Receiwd fl~~,m
- . . . NaME IS) Pr~mium tw Credit ~ ~
~ Lil~/pis~bility Ins. S ~
. . . ' . ~ ICl Documa?u~y Stsmpi t ~0-~ ~
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t01 Ott~ Chup~s littmisd t •
~ !E) ~ s L'LI~QO t
rvoTE NO. OATEO: , 19~. (FI t ~A- ~
(Gl Amounc FinanC~d ~
DUE: ~ . 19~ (A. 8. C. O. E. FI S~, O•
(H) Int~rat
PLACE: ~~M , FlOR10A 11) G~dit Inv~st~gat~on i
- IJI Othtr S ~
For'v~Iw nc~iwd. tM undtrsiyrNtl (MrtinNt~r called "Msk~r") lointly and aver~lly (if (K1 S
more tM~ aw) p~omis~ to pay to ttw ordfr of. tM Bank, at itt otfice list~d abqw, th~ Toul
o~ PaymK?n (hom (NI s~ ~ighil ot OoUsr: pavabb in ILI i ' .
equal anpnthly iAttsllm ~ts of S ~ t~ ~us~ IMI FINANCE CHARGE '
' (H, 1, J, K, L) SiO~~~.~
~ns~ 1 t due on ~~t' , 19_ nd wbsequent installrtwnts due on (N? Totsl ot.Psymsnts IG M) S'~ -
~ne~ot ~seh month tnerea~cer, tog~tMr wiM~s FINAI BALLOON PAVAIENT OF: ' ANNUAI PERCENTAGE RATE % _
g ~ DUE ---.19 . ~ ~
Th~ Bank shsll impose s delinqwncy chsry~ syiiiut tM MakK on anY psyment which hss bscome due a~d nmsins in dsisult tor a period in ~xast of ~0
cfays in an amount ~qwl to 9% oi the amount ot tM principsl put of tM paymsnt in default. In tM went that the Note is not p~id in full ~t m~turity, ~II pay-
men[s, NIMtMr pi~c~P~. ~~tenst w otherwise, shsll bear interest at tM maxirtwm legal ~ate sllowed unds~ tM Isw. All psyrMntf msds 1?KiurdK sh~ll b~
creditsd first to intNest and then to prirxipsl, howeve?. in ths evtnt of d~fwlt, tt~e 8ank msy, in iri sol~ discretion, apply any psYms~l to i~qr~st, P~!~c~W~ ~
anct/or lawful~harga tAeo socrued. It is ths intention of the p~rties hereto that the provisions herein shsll not provide"~ilecdy or mdirectly to~ tM p~llm~nt ~
ot a grMt~r rab ot i~tarest or the retention of sny other ehar thsn is allowed by law. If. 1w snY reason. interest in exoess of such le~sl rat~ or a charg~ pra
n~biced by law sh~l at~sny time bs psid, any such exasss shal~either constitute snd be treated as e payment on the principal a be refunded dir~ctly to tM ~
Make?, TM NINc~r msY PfePaY t~ ~+tiro unpaid balsnce of tM loan at any tirrr. If;ha losn is prepaid in full, eccelerated or rofinsnced, the Maker shall reqivt ~
a refund at th~ unstr~atl por ion of the interest snd inwra~ce premium3 computed by th~ Rule o1 )8's msthod, except that the Bank shsll be entitt~d to r~tain
a mininlum IntOrest Charge of ~6.00. . . ' , .
CREWT~IIFE AND CREDIT LIFE 8 OISABILITY INSURANCE AFtE VOLUNTARY AND NOT REQUIREO FOR CREDIT. Such iriwqna euv~rsp~ is
availabh st tM aott d~sipnstad below tor the t~nn of the cndit: (s) S_, tor Gadit Lifs Inwrance (b) S~' ~
fo~ Credit Life 8 Ois~bility Inwrance~ ~a990. ~ie i~sss i~sswesiu trs~y~ ~l0,~00: ~S ~sss
Check ? Qedit Lif~ Insurance is desired on the life of 8irthdste ' _
Appl. Crsdit Life d~ Disability Inswsnee a desir,d on Bir~hdate t~KI~
Box ~ Credit Lifo and/or Disability liuuranoe is
, . %
Date: 13~ Signstur ~ t " Signaturo
AFTERACQUIREO~RO~RTYMIILI~ESURIECTTOTNESEC INTERESTAMDOTHERO REIMDEeTEONEiSISSECUREOlYANYSUCH~RO~ERTY,ASFOLCOMIS:
Maker herebY (~s~ts to Benk a security i~terett in ~ property. if any, destri " tM spaC! below and in all other property of Maker now o~ hersafter in
Bank's passlssion, snd wtA ~ltifrity interest shsll also s~cure sll other liabilities ot kar to Bank, whether primary, ~etondary, direct or conti~gent, present
o~ future. The aforsssid s~u?~tY ~~terest exdudes ihe Makers primary residenee unless said primary rosidence is described below: j
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~s s~sw ~ 0~ ~ ~ N s~• ~j iAi• ~ ~ - i~: ~ ~ . . . • ~ _ .
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If the Bsnk requires the Maker to obta~n insurance coverage agai~st lou or damage to the co~~ateral securing the Makers indebtedness to the Bank, the IlAaker i
' may obtain such covvage from any ageM, broker or inwror atceptable to the Bank. _
I It is jointly ar?d severally covenanted and agreed writh the Bank by exh Maker, endorser, wrety, guarantor, and other parry to this note (all of whom are
k ne~e~nafter tor brevity talled Obligor or Obligors) that_
~ Bank shall exercise reasonable wre in the custody and preservation of the Collateral and shall be deemed to ha•~e exerc~sed reasonable care if it takes such '
~ ;;c~~on tor that pu~pose as Nlaker shall reasoryabty request in vwiting, but no om~ssion to comply with any request oi Maker shall of itseli be deemed a failure to
~ e.e~c;se reasonable tare. Without timiting the 9enerality of the toregoing, the Bank shall have no responsibility ior auertaining any maturities, Calls, conver-
s~on, excha~ga, offers, tenden or similar mattars relatiog to any of the Collaterat, nor tor informing the unde~signed with respect to any the~eof. Bank shall not
t~e bound to take arW steps ~ecessarY to preserve any rights in tl~e Cotlatera~ against prior parties, and Maker shall take al1 necessary steps tor wch purposes- Bank
~ ~ts rwminee o~ed not collect interest on or principal of any Co~lateral or give any notice with respect to it. Right is hereby expressly granted to the Bank at its
op ~~on to transfer at any time to itsNf or to its nominee any Collateral and to receive the income thereon and hold same as secu?ity herGfor, o~ apply it on the
~ p-~ncipal w ioterest due hereon or due on any liability secured hereby. '
thw~ the happening oi any of the following events, each oi which shall constitute a detaul[ hereunder, or ii the Bank deems itself insecure, the entire unpaid
r,alanceof this note and all other liabilities of each Maker to Bank shatl thereupon or therea~ter, at the option of Bank, without notice or demand, become imme-
cf ~a[ely due and payable: (a) fa~lure of any Obligor to perform any agreement hereunder or to pay in fu~l, when due, any liability whatsoever to Bank or any i~-
se,~iment [hereot or interest thereon; (b) the death ot any Obligor; (c) the filing oi any petition under the Bank~uptcy Act, w any similar federal or state statute,
t~y o+ a9ainst any Obligor: (d) an application for the appointment of a receiver for, the making of a 9eneral assignment for the benefit of creditors by, or the
~nsolvency of any Obligor: (e) the entry of a 1~3~nt against a~y Obligor; (f) the iuuing of any attachments or garnishment, or the ~ling of any lien, against
a~~y psoperty of arry Obligo.: (g) the taking of possession of any substantial part of the property oi any Obligor at the instance ot a~y governmental authority;
!nj the dissolution, merger, consolidation, or reorganization o( any Qbligor; Iil the determination by Bank that a material adverse change has oaurred in the
!:na~cial condition oi any Obl~gor irom the conditions set (orth in the most recent financial statement of such Obligor hereto(ore ~urnished to Bank, o~ from
~ne condition of wch Oblfgor as heretotore most recently disclosed to Bank in any manner; or that any warra~ty, representation, certificate, or statement of any
Ot,f~gor lrvhether contained in this note or not) pertaining to o~ in connection with this note or the loan evidenced by this note is not true; (j) the assig~ment by
:;ny Maker oi any equity in a~y of the Collateral nnthout the written consent of Bank; (k? failure to do all things necessary to preserve and maintain the va~ue
~ncl collectibility of the Collateral, including, but not limited to, the payment oi taxes and premwms on policies oi insurance on the due datE without bene~it of
; h e graC6 P!?iOd.
Unleu the Collateral is pe~~shable or threatens to decli~e speeditY in vatue or ~s of a type customarily sold on a recog~ized market, Bank will give Maker rea-
:~,nat~le notice of the time and place of any public sate thereot or of the ume after which a private sale will be held. The requirer?~~t of reasonable ~otice shall
~:e met rf svch notice n maded, poztage prepaid, to any 6¢aker at the address given below or at any other address shown on the records of the Bank, at least ten
deys before the time oi the sa~e. Upon disposition ot any Collateral after the occurrence ot a~y detault hereunder, Obl~gors shall be and remain IiaWe for any -
~~e'~ciency; and Bank shall account to Maker for any wrplus, but Bank shall have the right to apply all or any part of suc~+ wrplus lor to hold the seme as a
~eserve) against any and all othe~ liabilit~es of exh or any AAaker to Bank. •
Bank shall_have, but shall not be limited to, the following rights, exh o( which maY be exercised at anY ume whether or not this note is due: (a) to pled9e
~ transter this note and the Collateral, whereupon Bank sAall be relieved o~ all duties a~d responsibilities hereunder and relieved (rom any and all liability with
respect to any Collateral so pledged or transterred, and any pledgee or transferee shall tor all purposes stand in the p~ace of Bank hereunder and have all the
~ -~qhts to Bank hereunder; (b) to transfer the whole or any part of the Collateral into the name oi itselt or its nominee; (c) to notify the Obligors o~ any Co~lat-
e.a1 to make payment to Bank of any amounts due or to become due thereon: (d) to demand, we tor, collect, or make any compromise or settlement it deems
~ ~1es~.able nrith re(erence to the Cotlateral; and (e) to take possession or control 01 any prceeeds of Collateral.
~ No delay o~ omission on the part of Bank in exercismg any right hereunder shall ope~ate as a waiver of such right or of any othe? r~ght under this note. No
wa~ver or alteratio~ shall be birxling o~ Bank unless in a writing sgned by an authorized Bank officer, and the~ only to the extent specifically set lorth therein.
P~esentment, demand, protest and notice of dishonor, are hereby waived by each and every Obligor. The taking of a renewal note without the signature o( any
m<,icer or endorser I~able on this note shall ~ot be deemed a peyment or discharge oi this obligation and the liability c~eated he~eunder sAall continue until this
~~.-,ce ~s paid ~n tull. The Obl~gors, ~ointly and severally, promise and agree to pay all costs oi collection luding attorneys' fees equal to 1~1(i of the amount
r~ nanced, w wch larger amounts as maY 6e reasonable and just ~f ~ollected by legal ProtQedings or 1 an attomey at law, including appe~late proceedings.
The u~ders nQd ~ ~'dge rece~ t of aty~?~P~eted~ of this note on this date.
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- ~ ~ '~k ~ (SEAL)
AddreiS i~m ~1 ~~r~ '
C1i#!~q*d 0. ~ptl~?
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address
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FBS ~52 R~~. ~,~9 e,: x312 P~~E250`3
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