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Home My WebLink About1044 i • CHG/FIrE ~4 F~I.L RgiE~iRI, S 120,000.Op Miami. Flofida ~AIIY 1S , 19_'79 FOR VALUE RECEIVED. THE UNDERSIGNED land it fnore than one. ead? of them jointly and severallyl. Mreinafter called MAKER without regard to numbs or pertder, promise. to pays to the order. ot• _ >ZOtITHEA3T FIRST NATit~NA1. BANK p1F MIAMI.at ib ofNee iA Miafnl, Floridfl, heratlwfur ~ _ ; THE PRINCIPAL SUM qF ONE Tw11iTY AND NO/100 • ~ - tr - - * * DOIIAR$ ;20,000.00 ON APRTL 1S, 1 MITH' 11 BALLOON PA~ti'F OF S'i00,000.00 ON rAYAelt.te d.R~..ll.F2 3:t, ZOO - • Intereri the dab of fufldi ~ • . Led oft the basis of •360 daY year. at the ANNUAL PERCENTAGE "~'r'°~ua~o "ON~$'"Pgec>~rrr asovaf ""~n~ xaTS as RATE OF DETERi1tLNED BY BAAQC FAdt TTIIR 'Ib TTIi/R • INTEREST SHALL BE PAYABLE OReRY~T V B~TUWTxct ~pRTr. 1 S ~ l coq, ` All paymenb shall be applied fiftt to souu~d interest and Men to prindpsl. Interest will afxxtla at the rm of t/36t?!h of annual interest for each day that pfyncipei is outstandifq, but in fro event shall interest be dw n a rate in ext~ss of the highest Isvrtul rate. Without limitiflp the geflerslity of dle foreaoirlg, and notwithstanding any oral a written slareefntnt, fro deposit of fuflds shall be required in connection with tfii: loan in an amount which will, when deducted from the principal sfnount outstandifq hereunder, cause the fate of interest hereunder trs exceed the fftaxittwm lawful rate. . If any payment is not treads- in full when dw, the entire unpaid principal and accrued interest, less any unearned interest and any interest in excess of the maximum allowed by law and any rebatss required by law, shall st the optjon of the holder become itttftlediatety due and payabls without notice. Failure to exercise the option shall not constitute a waiver of the wbsequent right to exercise. AFTER MATURITY, INTEREST SHALL ACCRUE ON THE DEIIN~UENT PRINCIPAL BALANCE AT THE HIGHEST LAWFUL RATE OF INTEREST. As security for the payment of this note, and sfry renewals, extensions or modifications thereof, and any other liabilities of the - MAKER to the .BANK, however or whenever ueated, MAKER hereby grants to the BANK a security interest in: 2ND AiDRTGAGE - _ - ~ Thies ban to made in tt~ccordance with and authofizad by - ChsAtee 667 of the Fbrlda Statutes. Interest shag not exceed 196 smonth on unpaid balances` Wltethsr a n8t sptcrfic property is describsd above. as sdditionN sectthry for tM payment of thts Note. arty rertevals, extMSiorff or modifications thereof, and any other liab?lities of MAKER to BANK, however or wherteyer rnsted, MAKER Mreby pledges to BANK any and all property of MAKER now or AsrNfter dNivered to or left in o? coming into tM possession, control or custody of BANK, whether expresdy as Collateral security or for any othp purpose (indudirtg cash, stock and other dividtrtdt, and all rights to wbsvibe fo. securities incident to, declared, o? granted in connection with such propertyl, and property detcritsed in collateral rectipb or other doctMtNnri tgrted or tumishtd by cM MAKER, and arty srxf slf .eplacerrtents of arty of cht foregoing, nvftether or not in ihf possession of Bank, All such property and any other property seturirg maker's liabilities to tM t3ank will hereafter bt referred to as "tM Co1lstNal." TM Collateral it alto pledged as set:urity for all other liabilities (primary, secondary, direct, conungertt, soli, joint or severall, due or to become dw or which may be htreafttr contracted or acquired, of each Maker (inNrrding escA Maker and any other person) to BANK, whethN wcA liabilities arise in the oMinary courts of busirttss or not. Right K hereby expressly granted to the BANK at its option to trantfe. at any time to itsNf or to its nominN any Collateral, and to `solve the income thereon and hold tM ssrrtt as security hertfor, or apply. it on the principal or interest dw hereon or due on arty Inability secured hereby. TM BANK may cOntinye [o hob arty pltclged property depositsd herwndlr afar the payment of this note, if at tM time of tAe payment and discharge htrepf any of tM partNf liable for tM payment M?tof shall bt then directly or contingently IisbN to the BANK as maker, endorser, surety or guarantor of any other note, draft, bill of exMsnge, or oMar instrument, or otherwise, and tM BANK may them- attar exercise the .nghts with respect to said plWgtd p`ope`ry granted herein evert though this none shall haw been sur.ende.td to the MAKER. i It is jointly and severally covtrnantM and agrtced wrath tM Bank by each MAKER, endorser, aunty, guarantor, and other party to this note tau of whom are hereinafter for brevity called Obligor or Oblgaa) that- ( . ~ t . Addcuons~ to, releases, reductions or exchanges of, o. substitutions for the COllatlrsl, payments on account of thcs loan or cnereases of the same, or } other loans made partnally O~ wfiolly upon the Collateral, may from time [O time be ``Lade wrthOYt affecting the prOVrsrons of thrs note Or the IiaWlrtres of any party Mreto. Bank dull exercise nssonablt can in tfte txrstody and pnservstion of the Collateral and shall bt deemed to have exercised reasonable t can if it takes suds action for that purpwe st Maker than reasonably request in writing, but no omission to comply with any request of Maker shall of it- self be deemed a failure to exercise reatOnable care. Vlhthout limiting tM generality of the foregOirg, tM Bank dtall Aave no responsibility for atcertainirtg any maturities, calls, conversions, exchanger, often, tender or similar matters ?elatirg to any of tM Collateral,nor for iniorrnirtg tM undersigned with re- . sped to arty thereof. BANK shMl not be bound to take any steps Mctssary to preserve any rights in the pledged proptrry against prior partly, and *+1AKER shall take all ntctstary steps for tech purpoNS. BANK Or its nominee roved not collect intNeK an a principal of any pledged property or give any nOtiCe wilt respect t0 it, 2. Upon tM happening of any of the following events, each of which shall constrtutt s default hereunder, or if the Collateral shall at any time become unsatisfactory to BANK, or ~f BANK shall at any time deem ntstlf ~nteture, all Irabntities of each Maker to BANK, whether or not evidenced by that note, shall thereupon or thereatte., st the option of BANK, wnthout notnoe or demand, become due and payable: Ial ferlure of any OWgor to perform any agreement hereunder or to pay nn furl, when due, arty liabrtiry whatsoever to BANK a any installment thereof or interest therlpn; Ib) the death of any Oblgor: Ic{ tFte hbng of any petition under the Bankruptcy Act, or any srmJsr federal or state statute, by Or against any Oblgor; Idl an appliCatron for the sppo~ntment of a reCerver for, the making of a general afsgnrrtent (01 the benefit of atdrtors by, Or the nnsOlvency of any Obligor; eel the entry of a rudgmtnt against any Obligor: If) the rswrng of any attachments err garnishment, or tM filing of any tren, sgarnst any D?opertY of any Obligor; tg) the takcng of possession of any wbttantiat part of the property of any Oblgor at the cnstsrtct of any governrrnarttal suthanty; Ihl the d~ssolutnon, merger, consOlydat~on, or reOrganizatron Of any Oblyor; lie the dttermrnstron by BANK that a mstenal adverse change has oceu!rect .n the financial condition of t any Obtgor from tfte condntions set forth rn the most .stem hnancrsl statement of wM Obligor heretofore furnished to BANK, a from the cond~aon of such Oblgor as heretofore most recently dnsclosed to BANK nn any manner; or that any warranty, representation, certrf~cate or statement of any Obligor !whether contained .n this note or noel patacning to or rn conntcaon wrath thcs note Or the roan ev~denctd by Mrs note rs not true: tj1 assrgnmenr by any , •.1AKEA of any egwty rn any of the pledged Collateral without the written consent of BANK; tkl failure to do an things necessary to preserve and maintain th! value and collect~b~l~ry Of the Collateral, intlud~ng, but not I~m~ted to, the payment of faxes and~prlmiums On pol~c~es of insurange on the due date without benefit of the grace pencil: ! . ~1 1 j THE PROVISIONS ON THE REVERSE SIDE ARE A PART OF TH~$~NO Note Number Oue 1/15f80 ` ' C/0 :4QLTON H. HATFIELD , f tSEAII Address 000PERS & L~BRAND MIL N H. FIELD 2900 FIRST FEDERAL BLDG. • ,~~G~,~y~/W ~ U ITAILT ~ FinRTDA 3~1 ~1 _ ISEAI.I ! .;nnTr, arsmmnv lt.CA7J,J7e>,a..ii era. r,ai1 Lure / n $ 1 SEAL) ~ (oEAL) ko ~ ,J ~ s~x3~.~ P~Eso41