HomeMy WebLinkAbout0215 1rt~"r'!T~r
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C~?AVlIF _ INSIJ{LCMERI~COANS,~~-, .--.~~~rR1Ri~lEle<• R .
First Nati na . . , ;lia'r~ ;`:,`4'.~.. i(1 is~'`t~.r:: -tw!•:An+arnt.R.eeiwtl . , s- 15;000.00
. HANK NAMfi IB) ?rernium for Credit
Box 970 Fort Piers ~ - ' Lih/DieeWlity Irte, ~ ~ 'shone
P.O, e ' Flay 33450 ~ - ~ ~ipj-oowm.ngrY Seantp _ ~ 2
ofrf:_tc Aooa - , ~ ID) Other Charge Iitemisal ' ~ i none
Aug. 2, - . - ` . a.79 1E1~ s none
NOTE NO. ..DATED' - , 18 IFh ~ - s nQAA -
i-, - ~ V
ouE- Aug. 2, . ~ :~=ts89'wt:. l
e
CFO°
E«t,`FI~'3'' ~ 4?~-=15 022.65 -
. - IIS1 Interest ` s •~e----
P~?cE: Fort Pierce ~ - • ' - FLORIDA 111 Credltlnvestigation _ _ s uv
1~1 OtMr ~ ~ s eons -
For valor nceiwd, tM undersigned (henimtter piled "Malter"1 lOintly and esverapY (if (KI ~ !
more than one) promia to pa1? toat~ order of tM Bank, st is of f ip li:tad above, the Toal
or Paymena (from lN1 st rightl of 527, 060.00 Dollar pwabN in 120 fL) s AOR9_,~w
equal monthly intwlmanis of S 225 _ 50 - ~ ~ fkst Intl FINANCE CHARQE : '
installment dw on Sent. Z + Ill, 1, K. U =12 037 35
is 79 . and suMequent irt:wlmsnq dw on INl Tow of Paymenq (O + Ml s 27 + 0 0.
tha~_dsy of aadt monM thereafter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAQE RATE 13 15
s none a,E none ,19 %
The Bank shall Import: a dNirquaney charge Nw~ tfte Maker on any pwmant which hoe became due and renairta In default for • perbd M ertaeta of 11 - .
day: in an amtwnt equM m 6K of tM smarm of ttte prineipM part of tla paynant fA dahvlt. In dte event that tl+e Noq is nos paid N full at eraturlty, all pay. .
mane. wMthsr prirteipel, interest or otharvriN, shell beer interest at tM nwtimum ktgel rata allowed under tla law. All Payn+ata math hereunder stall be ,
credited first to irttereet and than m prineipN, however, in tM event of default, tM Bank may, M its soh dkcratksn, spplY any payment m inarest, prineipN
and/or krwfcsl cM rgM than anstrwd. It M tM kttentktn of tM pertfes hereto that tM provitbra heroin shaA rat provide directly or indirectly for the peynwst _
of a greeter rag Of interest or the retention N any other charge than is alkswad by law. If, for any Hewn, Mtanet to exiles of eudt bgal rate or a elarye pro-
hibited by law shall at any tins be paid. any such exact shall Ndter aontstituq and be treated as a payment on tM prinnipM or be refunded directly to tM
Maker. The Meksr naY prepay the anNnl unpaid bsksna of the keen at any tlrv~t. If tM ken is prepaid in full, aoabrsted or refirsartoed, tM Maker shW raaiva
s nturd of tM unearned ion of tM interest and irqurartp prsrnitrrra narrsputed by ties Rule of 78's method, ucapt that tM Bank shall be entitled m stain
a mininlYnt interest tAM4e Of ~ -
CREDIT LIFE ANO CREDIT LIFE a DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQLIRED FOR CREDIT. Such irwnrsa coverage ik
avaikbla to tM oat deeigrtagd below for the term of the credit: lal = for Credit Litt Insurartoe (bit
for Credit Lih if.DisaWlhy Irqursrsce: _ .
Cheek ? Credit Lih tnsuranp is desired on 1M lih of Birthdaq '
Apps. y~?
Cyred'it Uh 8 Oisebility Insurance is desired on Birthdaq
Box edh Life and/or Dipbility Inwrnrtoe ie tto
Data: Aug . 2 + 1979 , Sionatuh -
AFTER/iC01gRE0M0rEf#T11faAll flE=YYECTIOTMEfE TYINTER ANDOTNENORFIITOREINDEtTE0llEiilStECOREOfiYANYfOCMMOf'ERTY AtFOILOtfi
Maker hereby grans to Bank a eaeurity ingrast i property, if any, described in tM spas below and in all other property of Maker raw or hereafter in
Bank's poNaMbn, and such sacwity interest shall also seec:n all Other liabititiss of Maker to Bank, vvMther primary, seeatdary, direst or nortdrsgent, presertt
M future. TM afanesid seeuriity interest sxdudes tM Makes primary residence unless said primary residence is desexibsd beksw.
Second Mortgage
The North ~ of the North ~ of the Northwest ~ of the Northeast ~ of Section 26, To+nmship 34
South, Rapge 39 East, Less and Excepting therefrom all existing public road and drainage
canal right -of-ways thereover.
If tM Bank rquires tM Maker to obtain inwrartp coverage against loss or damage to the collateral sewrirtg cM Makers indebtedness to tM Bank, tM Maker
may obtain such eoversps from any spent, broker o. insuror acceptable to tM Bank.
It is jointly and severalty covertsnted and agreed with tM Bank by each Maker, endorser, surety, guarantor, and other party to this nog (all of whom sn
hereinafter torbrevity sailed Obligor or Oblgors) Mat:
Bank shall ezercits reasonable pre in tM a+stody and preeervetion of the Collateral and shall be deemed to have exercised reasonable pre if it takes such
action for that pu+Poee as Make. shall reasonably regwet in writing, but no omission to comply with any rsgwst of Maker shall of itsNt be deemed • failure to
exercise ressorsable pre. Without limiting tM gsnsrality of the foregoing, the Bank shall have no responsibility for ascerginirg any matwitiee, alts, conver-
sion, exchanges, offers, grtders or similar rrattbs nlatirsg co any of tM Collateral, nor for informing the undersigned with rsspaet to any thereof. Bank shall not
` be bound t0 take any step. raosssaty to Preserve arty righa in tM Collateral against prior parties, and Maker shall take all Haas arY steps for such Purposes. Bank -
err its nominee need not collect interest on or principal of any Collateral or give any notip with nspeet to it. Rigbt is hereby expressly granted m tM Bank at is
option to trartster st any tirtss m itsNf a to is nominee arty Collateral and co repive the inearra thereon and hold same es sseurity hersfor, or apply it on tM
principal a interest dw hereon or dw on arty liability second hereby.
Upon tM happening Of any Of the tollowirg versa, Beds of which shall COMtitua s default Mrwnder, or it tM Bank deems itself insecure, the entire unpaid
balance of Ma nog and all other liabilities of ead? Maker to Bank shall tMraupon or clarestter, st the option of Bank, without notice or demand, bseona inwrsa• _
diatNy dw and payable: ls) failure of any Obligor to perform arty agreanant Mnundsr or m pay in full, when due, any liability whatsoever to Bank or any irs-
ctalmsnt thereof Or intanret thereon; lbl tits death of any Obligor; Icl tM tiling of any petition ursdsr tM Bankruptly Act, or any similar federal or stag statute,
by or against any Obligor; ldl an appianion for the appointment of a rapiver for, rite making of a general assigrsntsnt for tM benefit of credtors by, a tits
insolvency of any Obligor te) tM entry of s judgnant against any Obligor; (f) the iswirg of any sttschnana or gsrnidsment, or the tiling M any Ifan, against
any property of any Obrrgor; Ig1 its gkirg of Poeesssion of any substantial part of tM property of any Oblgor n rise inttana of any governnanw authority; `
(h) the dissolution, merger, oortsolidation, Or raorgsnitation of sm Obligor: li) the dtterntinstion by Bank that a material adverse change hoe oaurrad in tM
f inant:iat casdition of any Obligor iron tM tonditiorss set forts in tM most rspntt finsneisl ststenrant of such Oblgor heretoton fumahsd m Bank, or from
the condition of such Oblgor es heretofore most raeently disclosed to Bsnk in any rrsenner; or that any werrsnty, reprssentstion, oertifieats, or statement of snY -
Obligor (wMther eonninsd in this note or not) pertaining to Or in oonnaction wi4h this hots or the loan evidenced by this note is not true; ljl tM astigrtrnent by }
;ny Maker of any putty in any of tM Collateral without the written consent o/ Bank; (k) failure to do all things racestary to preserve and maintain tM valor _
and eollsetibility of the Collateral, including, but not limited to, the paynant of taxes and premiums on policies of irswrsna on cM dw daq without benefit of
the grace period. _ n
Unless tM Cdbtenl is perishable or thrNterrs. to decline speedily in valor or is of a type customarily sold on a retognizsd market, Bank wilt give Maker res-
sonabls notiu of tM tines and place of any public sale thereof or of tM rims after which a private sale will be held. The requirement of reasonable notice shall
tM met if suds notip is nailed, postage pregid, co any Maker at tM address given bNow w at any other sddreu shown on tM records of the Bank, at Isast ten
days before tM tine of tM sate: Upon disposition of any Collateral aher the occurrenp of arty default hereunder, Obligors shall be and remain liable for any
1 deficiency; and Bank shNl sctorrnt to Maker for any surplus, but Bank shall Mw tM right to apply all or any part of such surplus (or to hob tM same as a
~ reserves against any and all other liabilities of each or any Maker to Bank.
~ Bank shall have, but shall not be limited to, the fdlowing rights, each of which may tie exercised at srry time whether or not this nog K dw: lal to pktdge
or transfer this nos and tM Collateral, whereupon Bsnk shall be rNieved of all duties and responsibilities Mrwnder and rNieved from any and all liability with
respect to any Cdlateral so pledged a transferred, and any pledgee a transtsrae shall for all purposes stand in the plsci of Bank hereunder and have all tM
rights to Bank hereunder; lbl to transfer the whole or any part of the Collateral into the name of itsNt or is nominee; Icl co notify tM Oblgon on any Collet- -
fret to rnska payment co Bank of any amounts dw or to becara dw tMraon; ldl to demand, sue for, collect, a make any compromise or ssttlemsntt it deems
deli.able with reference to tM Collateral; and Ie1 t6 glee possession or control of arty proceeds of Collateral.
No delay or omission on tM part of Bank in exercising arsy right hereundsi shall operaq ss a waiver of such right or of any other right under this nog. No t
~ waiver Or alteration shall bt binding On Bank unless in a writing signed by an authdized Bank officer, and than only to d+a exgnt spseitiplly set forth therein.
Presentment, demand, protest and notip of dishonor, are hereby waived by each and
every Obligor. TM taking of a renewal nog without the sgnsture of any
maker or endorser liable on this note shall not be deemed a paynant or discharge of this oblig>~ion and tM liability erptsd hereunder shall continw until this
note is paid in tun. TM Obligors, jointly and severally, promise and agree to pay all coca of collection, irt~uding attorneys' Tess port to 10% of tM amount
f~rtanced~ or such larger amounri es may be reasonable and just if collected by legal proceMing~s
l+~rO,rgh an attorney et law, including appellate proceedings.
The undersgn~rwwtidge radipt o a sled Dopy of this no[e on this date.
Address Rt_ #2. Box 1142. Ft. Pierce, Fla. 33450 • IsEALI
bent n ,
Address (SEAL)
Linda D. Robertson -
_ ~ ~ _ - au'~x 3~4 P~ _ -
_ _ _ . _ _ _ 215_ -
Ft3s 7S2 R.v. 1/74 ~s - ~ y:' -r. .,i•., f~ ~ ~ Sit~l~~'
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