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Home My WebLink About2866 INSTALLMENT PROMISSORY NOTE n~~E ~~`jA~~ (A) Amount Rtceiwd s 10•~0•~ - BANK AME (8) Premium lo~ C~~dit ~ Lif~/pisability Ins. _ '.O. sOX 61s~ JE!lSE11 dEA~CM• E1.. ~345?7 (C) Docum~n~sry St~mps s ~M ~ O FICE ADDRE55 - (0) OtMr Charpes (ilemiis) S ~ IEI ' S ~M ` NOTE NO. OATED: 11 . 19 (FI s ~M ' `s (GI Amount FinsnCed 10~~•~ ~ =i~ , 19 ~f?. B. C, E. FI S DUE: IHI I~t~rest S ~ • PLACE: , FLORIOA Credit Investigation S IJI Other S ~ For vslue reteived, the undersi9ned (hereina(ter catled "Maker") iointly and seve~stly (i) (K1 S rnore than onel promise to pay to the qff~ o~ ~10~, at its oltice listed above, th`~1 ~ 01 Payrt»nts ltrom lN) at ~ 1 (Ll. S ' ightl ot fl~ W Oollarspayabte in ~Ml FINANCE CHARGE e:~ual monthly instsl~nen~~1 ~ . the lirst (H, 1, J. K, l) Z s ~nstallpRO due on , 19_, snd wbsaquent installments due on (N) Total ot Payments (G + M) s ~ ~ che =as~ mon?h therealte.. t~ther with a FINAL BAIIOON PAVMENT OF: ANNUAL PERCENTAGE RATE • % S dUE ~w~~~~~w~~~~~~fMN~~~~r,~~~ The Bank shall irtKwse a delinquency cha•ge against the Msker on any paym~nt which haa become due a~d remains i~ detault fw a period in excess o( 10 r~ays in an amount equal to 5~ ot the amount af the principal part of the payment i~ detault. In the event that the Note is not paid in 1u11 at maturity, sIl pay- mems, whether principal, interest or otherwise, shall bear interest st the maximum legal rate allowed under the laws ot the State oi Flo~ida. All payments made hereu~der shat{ be credited first to in!erest artd the~ to principal, however, in the event of detault, the Bank may, i~ its sole discretion, apply any payment to ~nterest, principal and/or lawiul charges the~ accrued. It is the intentio~ of the parties hereto that the provisions he~ein shalt not provide directly or indirectly to~ ~he payment of_a greater rate of i~terest or che retention ot any other charge than is allowed by law. If, for any reason, interest in excess oi wch legal ~ate or a charge p?ol~ibited by law shatl at any time be paid, any'wch extess shsll eithe~ constitute and be treated as a payment on the pri~tipal or be retunded directly !o the Nlaker. The Maker may prepay the ent~re unpaid balance oi the loan at a~Y time. Ii the loan is p.epaid in tull, acreterated or ref inanced, the Maker shall receive a ~e-fund of the unearned portion ot the imerest and insurance premiums computed by the Rule of 78's method, except that the Bank shau hr entitled to retain a minimum interest charge oi CfiED1T LIFE AND CREOIT IIFE d~ DISABILITY IiHSURANCE ARE VOLUNTARY ANO iVOT REQUIRED FOR CREDIT. Suth insurance toverage ~s a.-a:lable at the cost designated below tor the term of the credit: (a) S for Crecfit Life Insurance Ib) S }ar C.redit LifE a Disability Inwrance: Check ? Credit ~ife (nsurante is desired on ihe life ot AF~p~ Birthdate t pox ? Credit L~~e & Disability Insurarice is desired on B~rthdate LJ Credit Life andlo~ Disability Insu~ance is not desired 1 ~o ~ V Dace ~~h 11 ~ s~/v S~gnature • ~ - $ignature ' • 6 ai ~ ~/1~~stpr ~e Qp~mgqt~o/ 1hneeN~te~he ~keth; reby rant to h~n r~: jpcu~y i~er~jy;h Ilow~pp~pFppe ~ T Lj 't Lt~t i 0 R ~vo ~~L ~ . . ~ . . - ! mctvding alt increases, substitutions, replacements, additions and accessions thereto and in the p.oceeds thereo( (here~nafter cailed "Coltateral"?. This secunty ~ , r~erest shall also secure any other i~efebtedneu or I~ability of the Maker to the Bank direct or indirect, absolute o. contingent, due or to become due, nar+ ex- I ~sc+n9 w hereafter aris~ng, intludtng zll future ~dvantes or loans by the Bank to the Maker. ! E The Bank is also give~ a lien and a security ~nterest in all property and securities of the Maker, endorser, surety, guarantor or accommodation party of this ~ \loce (hereinafter referred to as the "Obligors"1, now ir~ or at a~y time hereaieer coming into the comrol, cus[ody or possession of the Bank, whether fo~ [he ex- pressed purpbse of bein9 used by the Bank as Collateral, or tor any other purpose, and upon any balance or balances to the uedit ot any accounts, including ~ ?-ust and agency atcounts rt?ai~ta~ned w~!hthe Bank by a~y o~ the Obligors, and the Obligors agree to deliver to ihe Bank addit~onal Collateral or make sucfi g nayrnents in reduction of the pr~ncipa~ amoum ot the loan as shall be satis~actory so the Bank, in the event the aforement~oned Collate~al shatt dectine ~n value ~ become unsatisfactory to the Bank. Additions to, reductions or exchanges of, or substitutions for the Collate~al, paymentz on account of this ~oan or increases of ihe same, or other loans made p,re~alty w wholly upon the Collateral, maY from fime to time be made without af(ecting the provisions of this Note. The Bank shall exeruse reasonable ca~e m she custody and preservation of the Collateral to the exte~t requ~red by applicable s~atute, and shall be deemed to have exercised reasonable car¢ if it takes such ac~~on for that purpose as Maker shat! reasonably request in vvriting, but no omission to do any act not requested by.Maker shall be deemed a failure to exercise ~easonable care, and no om~uion to comply with any request o~ Maker shall of itse~f be deemed a tailu.e to exercise reazonable care. Bank sha~l not be bound to +ake any steps necessary to preser~r any nghts in the Collaterel aga~nst prior parties and Maker shall take all necessary steps fo. such purposes. The Bank o~ rts ~nm~nee need oot collect interesf on, or a principal of, anY Collateral or give a~Y notice with respect to it The Ba~k may cont~nue to hold any Collateral deposited hereunder aiter the payment of this Note, at the time oi the payment and discha+ge hereof any of ~he parties liable ~or the payment hereot shall be the~ d~rectly or contingently liabie to the Bank as Maker, endorser, surety, guaranior or accommodat~on pa~ty of any other note, d+aft, bitl of exchange, or other instrument, or otherwise, and the Bank may thereaite~ exerc~se atl reghts with respect to said Collate~al q•an~ed hereiR even though th~s Note shall have been surrendered to ~he Maker. If the Bank deems itsett iosecure o? upon the happening of any oi the tollowing events, each of which shall const~tu[e a default, ai1 hab~lities of each Maker to ~ne Bank, inctuding the entire unpaid principal of ihis Note ancl acCrued interest, less any unearned interest and any interesYin excess of the maximum a~~owed by law and any rebates required by law, shall immediately or thereaiter, at the option ot the Bank, except that the occurrence of (c) o? (dj shail cause automat- ~ ,r, accele.ation;without notice or demand, becomedue and payable: la) the failure of any Obligor to periorm any obligation, liab~lity or claim to the Ba~k, to pay ~ :~te~est hereon within ~Odays atter it is due, or if there is no due date, after it is bilted or otherwise requested or demanded, o? to paY any ~thr liability what- ~ s~ver to the Bank when due; (b) the death of any individual Obligor, the dissolution of any partnership ObligcN or the diuolution, merger or consolidat~a? w~rh- cut the Ba~k's p?ior written consent oi any corpo?ate Obligor; ic) the filing oi a petitio~ in bankruptcy or the ad~udication o~ insolvency or bankrupt_ry u~ ~ any .eorga~ization, arrangement, readjustment of debt, dissdution, liquidation o+ similar proceeding under any Federal or state statute, by or against any Ubi~gor; (d) a~ appl~cation fo? the appointment oi a rece+ver (or, or the making of a general assignment for the bene~it of creditors by, any Obligor; (e) the enrry ~ n~ ;udgment against any Obligor; (f) the issuing oi any attxhment or garnishment, or the tiling of any lien, against any property of any Obl~yor; Ig? the taking of ~ oossession of any wbstant~at part of the property oi a~y Obligor at the instance oi any governmental authority; (h) the determ+nation by the Bartk tAat a materi- ~ +1 adverse change has accurred in the financial condition of any Obllgor irom the conditions set forth in the most recertt financ~a~ statement of wch OWiqor ~eretotore furnished to the Ba~k, or from the condition of wch Obl~gor as heretofwe most rece~tly disclosed to the Ba~k, or ehac any warran~v, rep.esencauon, ~ ce,c~ficate or statement of any Obl~gor Iwhether conta~ned in this Note w not) pertaining to or i~ con~ectron w~th this Note o~ the foan evider?ced b~ th~s Note conta~ns ao untrue statement of mate.ial fact w omits to state mate~ial fact necessary in order to make the statements made not mislead~rg: or, (~1 the au~g~- r*+ent by any Maker of any equiry i~ a~y of [he Collateral wrthout the prior written consent oi the Bank. The Bank shall have, but shall not be limited to, the fdlowing rights, esch of which may be exercised at any tims whethe~ o? not this Note is due: t~? to p~edge o? transfer this Note and the Collateral and the Bank shalf thereupon be ~elieved of all duties and responsibJit~es lxreunder a~d rd~eved from ar+y and all ~+ab~lity with respect to any Co~lateral so pledged o~ transfe~rod, and any pledyse or transferee shsll tor all purposes stand ~n the place o+ the Ba~k h~.eunder and nave all the rights of the Bank t~ereunder; (ii) ~o t.aos(er ihe whole w any part of tMe Collateral into the nsme ot rtselt or rts nom~nee: (~ii) to wte tht Collate~al: ~ !~v) to notify the ~li9ors o~ ~ny Collateral to make payme~t to the Bank oi any amounts due o~ to become due thereon; (v) to demand, we for, cvl?eci, w ~ ~ke a~y oompromKe o? settfame~t it deems desirable with reference to the Collateral; and lvi) to take possess~on or control of any procee~s of Colfataral_ ; R~~~~ '~s ?k'~"f±in aea~s Turtle , p~, ~ 4eef Associat~+~?~,~t• ~B~~QF~o~s dssir~ ''~'3~`~ ~~OU~ NOTICE: SEE OTNER SIOE FOR I IN ~~„~K • FAS 1;? Rev. /+77 x - . . - _ - - . ' _ ..~.,._2.~ . . <-„>'.z~-~.}"_`..:=~~°'x.~~