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0 ~ 000.00 tuart Fi~rida. ~t 28th 19 79 Note / ` ,
rurapa~~ & fnterest due an os before
11-•26-79 after date the undersigned (and if son than oat, each of theta
joinuy and severally), hereinafter called Maker, promises to pay to the order of
FIRST NATIONAL BANK AND TRUST COMPANY OF STUART
cat its office at Stuart, Florida, T~NZ'Y THOUSAND AND NO 100 - - - - - - - - - - - - -~llats
'F1. Doc. Stamps 30.00
(a•hirh amount includes Proceeds of ;19 , 957 _ 00 plus other charges -3-UCC-1 . 1 ~ _ 00
S • h!ltlit i an Al?fOUNT FINANCED of ; with intfrest at an ANNUAL PERCENTAGE RATE of
payable ~6 TMdays which resales in a FINANCE CHARGE of ; 591.78 (Computed on a 6 month maturity, iE
demand chic lion . If not included above. other that None
6a ) f(a in the amount of ; have been
(Describe)
collected from 1?faker. As securit for the ant of this note 1?faker has pled or depp~~sieed with Bank the following property:
1977 Perms Craft -Fiberglass -Boat Serial No PLB002430777F 3717 DA
(inclrrdiwg all cask, stock and otAtr dividtwds and all trip/tb to atebseribt /or~stererities iseidtwt to, deelartd. or grawttd is eosstetios with
such property), wAielt property, together uoit!< all additioau awd subatitrttioss Atreajter pledged or deposited trritA -Bank is felled tAe Col-
lateral. TAt Collateral is abo pledged ai security /or all other liabi/itiu (primary, seeosdary, direct, eostingewt, sole, joist or severnl).
due or to becorwt due or wkitft sway be Aersa/ter tostractsd or aegeeirsd, of saeA Maker (jxedrdutg tacit Maker awd any otAtr person)
to Gawk. TAt surrewdn o/ lAis iota, upon paymewt or otktrsviss, skall not aJ/tct t1Yt rigkt of Bask to retain tAt Collateral Jot attek
other liabilities.
Addition. b, rductioss a eseeleaages d. a wbatitutbas fat tb Cdlabral, palmenb oa account d th4 ban or Iscnaess d rho same, or otbas
loans made partWlT a wbdll upon the CoUsMtal. seal hoe tier b time bra made wUhout aHecliaq the prorisioas d tbts sole. Dank shall esetcise naeoa•
~ able taro is the cwtodl and prasssvatlas d rho CdLteral b the extent required bt applicatbn sbtub, sad shall b dessed b bare errcised reasonable
cue i! it takes such action foe that purpose es Maker shall rwoaablT requed in writing. but ao om4sion b do and act not requested bl Maker shall be
deemed a failure b es.reiw »asaoabis can, and ao omission b oospll with sal request d Malt shall d ua.u be deemd a lallure b •:erew reasoo-
~ able ca». Bask shall not b bound b tab sal spps ascessarT b preserve and rights In the Collateral agafost
prig pantos sad Maker shall tab aB aet~
.snarl sups for sum purposes. Dank a its namiaes ned sot Cdlect iabrest m of priadpal d sal Collatual ar girs sal sotSoe with respect b it.
If thr Collateral abaB at sal limo beoose ussathfacbrl b Dank, Maker shall within ono dal actor demand pledge sad depwit weal Dank ss part d
the CoUabral additional propertT which fa satisfactorT b Dank.
t If Bask d~sms chat fios~c~u~, ar upon Ib~ hsppanioq d sal d tb~ followiaq ~r~nts. each d which shall ooostitub a dafauh h~ruadar, all
P liabilities d each I~iakor b Dank shall tbarupoa or Ih•rsatter. at Wo opetoa d Dank, without actin or d•maad, b•como duo and palablr. (a) fallen
of any Obligor (which tecm shag moan and iadude Data Mabr, esdaser, surett and gwraalor d this sob) b perform sal agreement hereunder, b
pal interest bens withla tso dais afbr It b biDd or otherwise! requestd of dssandd, a b pal and Debar BabilitT whaboerer b Bank when der lW
the death d and Obligor: (cl the fi)iaq d sal petNioa under the ~aaiQUptt.T Ad. or sal simile lderal or stab statute, bl or against an Ob'
appliutiaa fa the appofataeat d a rnirsr for. lb. maktaq d a general assigam.at br rho benefit d trances bl. or the insohencl dial O~bligor(~ W
the eatil d a ttadgmrnt against ~t Obligor: (0 rho issuing d sal atlaebmsat a garaishmeat, a the Bltnq d sal Wn. against anT fr*~r7 d and
Obligor: (q) the blrLeq d paesssioa d sal substantW part d tb. p:opereT d and Obligor at the insuaee d sal gorerameaW au
solution. merger, coosolidatios, a no[9aaisaKoa d sal Obligor: (i) Use assignment bl sal Mabr.d an lh) the dia-
l equitl !n asl d the Cdlabral without the writhe
consent d Dank.
Beak shall hare, but shall not be limipd b, tM followktq right, each d which sal be eserclssd at anT time whether or not 1hL nob b dw: (p
b pldge ar trassler this sob sad the CoUapral sad Dank shall Uaenupoa be ntierd d all duals and respoosibSlitNs benuader sad relierd iron
anT sad aB IlabililT with »spect b sal ColLteral w plaited a trassfrrred, and ear pNdgee or traasferes shall for all pbpaes stead is the plan d
Bank bereuadu sad bare all the right d Dank bsrwrader; M b treader ebe wbob or and part d Ile ColWeral cab the same d iwl! or its aossbsee:
(iii) to rob rho Collateral; (h) b aotifl the obligors oo sal CoUapral b mat palment b Hank d and amaaa4 dw or b become dw thereon; (r) b
demand. sue for, oolleet, or mat anT oospramies ar esWemest n desms desirable with relereaos to the Coflataral; sad trU b alts ooatrol of sal proosds
of Collateral.
Bank b berebl glens a lien upon sad a seeurnt faterest is all propertl d each Obtigoc sow a at sal time hereafter fa the powsion d Dank
la any upaeitl whatsoerer, iscludtaq but not lbiled b sal balasp or ahan d sal deposit trust, a agenel account, es securitt for the palmsat d
this nob. sad a similar lien upon sad natural interest in all such propertt d each Mabr es seerrritl for Ile palment d aB otbet BabiHtlss d .aeh Maker
to Bank (ladudinq liabiliuss d each Maker sad sal other person); and Dank shall bare tbs same rigbb u b such properil es !t has with respect b Ile
Collabra6
It Dank desms itseU iasecvre a upon for oocurrsaco d sal defauh herwnder Dank shall bars the nmdies d a ..cued partl candor the Uaf-
been Cossetcial Code sad, without limitisq the gewralitl d the fasegoiaq. Dank shall bars the right. immdiabll sad without further action bl i4 b
rat off agafast this nob aB mood owed bT Dank b anT ppadtT b each or sal Obligor, whether a aol dw, sad also b sN oil against aD other
liabilities d each Mabr b Dank all soar! awed bl Dank is sal ppadtp b each or sal Maker: sad Dank shall be desmd b bars •:ercised such
rig61 d setoff sad b hart made a ebarye against sal sum moan immediabll capes the oocurteace d sueb.delauh Brea though such ebuge i. made
or enterd m for boob d Bank subesquest thereto. Unless for Collateral r perisDabb or threspae b decline spsedilt fa ralw or b d a tlpe cur
tomatill sold oa a rwogafrd aaarkat Dank wW girt Maker ressonabb notice d for lime and play d and public salt thered or d the time abet which
and primp salt or sal other fapsdd dLpoenia hereof y b be wade. 7be requirement d reasooabb notice shaA be mat U such Holier b mailed,
poebge prepaid, b sal Maker at the address glees brow ar at sal other address shows oa the records d the Bask. at least fire dais before the fist
d the eels a dLpositioa. Upon disposition d sal CoBapnl aver the oeeurnoa d and defauU hereuder. Maker .hau be and remain liab4 for sal
defidencl; sad Dank abaU account b Maker for sal snrpfus, but Dank shall hart the right b appll all or sal part d such surplus (ar b hold Ile east
as a reesne sgaiasU sal sad all other lfabiUttas d each a anT Maker bDank.
No deist a omission an for part d Dank is eserdsbq sal -right bereusder abaB op.rap a. a wetter d such right or d and other right under
this Hop. preesntmeat, desaad, protest, sotiw d disbooor, and erAeasion d base without sober an hereby weird bt each sad every Obligor. 7be
Ob)igws, loiaUT sad sereraUl, prosaiee and agres b pal aD cab d collactioo sad atsorwli bee egwl b lOeJo d the principal sum or such larger
asaounU es maT br reesosable and fuel incurtd a paid bl Dank in rnforcisq Ibis sop upon the occurresa d defaun. AaT Holier b Mabrshall
be sufficisntll served for all purpoess it ptacd b the nail, postage prepard, addrewd b or 1 the pre at, Ile ddrees shows brow or sot
otter ddnss slows a Daak's records. /
Maker aebowldges woaipt d a oosapkfMd rcpt d tbfs 17aie on the a dab. aT I a N3W'iYdc FreHlldn
X%BrX[X 951 Colorado Avr~
Stuart, Fl. 33494 _ ,was