HomeMy WebLinkAbout1410
_
Dues • labsaas! i!•! (QuEsta>riy tfianetioaa each May, August, November b 1 ,~1 r
DI•CLt~URE NIT! p!1 rE11SO1~iAt 1.QAN tTNMEf +
. W Att+oum Reca,ved a -gin Q 0. 7 tl
eel Pctmtum for Gre:fu
Jenaen Aeach Bank l.ia~Disabihty 1n: ~ nune______ _ ~
t)ANK Akt1E ICI Documentary Stamps S l 2 . C+11'~
1939 N.E. Cofflsereial St. Jaoseo ssaeh, florid 101OtharChar~etlrtemize) S none____-__ ~11
OF IC AOD E IE1 S nnn~ 1
lFf ~ >A nr~nr
^:oTE NO. OATEO: a ~br=irY . 19.~.1~ IG) Atnoum Fie+aneed =~;~0(1 . n+1~
IA, B, C, D. E, 1
FOR VALUE RECEIVED, tM ttndersigtud thereinafter quad ter "Maker"1 lointty iHl interest { 1st Q r t r) S 3 3 5 • 3_~ - i
mf severally (if neon than once premise to pay to tM ordN of tM flank, at its office listed t11 Gedil Invstigatron i non t
,,,,,1e. Ina Total of Payrtratts (front INI at ripttl of -~ICt$3„ TLIOLIS~D Ill Ocher S _ nane__._
n0_LLARS AND N01100-------------------- oalars.
lKl _ s._none
r,.• interest intposad on tM Amatnt Fittanpd i• egYal to a •k^PM interpt rek of
_-1
7.,, !i at+d ~!1 beEst+ to atartx lttutt !!+e fists o! :l:is Data. The Teti! a! (V S none _ ~ _
F',,yntlnts ShM1 be WYabU as follows: Ildantify ri "balkton psymar+t srsy payment IMI FINAidCE CHARGE 335.34
„•h+ch rs more Hutt twig tM amount Of sn otherwise regttlarb ,thadtsNd equal pyyttnantl. iH, 1, J. K, L1 S
IN) Total of Paymetsts IG+MI s c n n s r h rte, , ' _
Quarterly principal reductions in the a>tount ANNUAL. PERCENTAGE RATE ~ 7 - ~
of $1,000.00 lus interest to be wade each
May 8, 1980; August. 8, 1980; November 8, 1980; **Separatcrly collec.ei
February 8, 1981; May 8, 1981; August 8, 1981; item
November 8, 1981; and on February 8, 1982 in full..
In the event that the Not. it not paid in full at rrtatwity, aH payments, trvlsettser principal. interest a otherwita, shall bear interes• at the maKrn ern I+ a. ,
.i!owCd under the IatM. All paytitants farads Itereurst~r lta:tt~ first to+rstertlst ant! ttesrt t4 ~it~ipai, `~w=~, in t!te a=E.^.:v-* :f~s,r;,t:, :c::= s;:-. ; j
sole discretion, apply any peyttssnt to intarett, prirtapN aruYor lawful dsargss then arxrrud. It is the intsntion of the parties he+et ~ that t^e e:-:~•,is++,n fi~_ II
hart not prOVids directly Or indirectly for the paytttant of • grNtN rau of interest a the retention of any other Charge than is albvve++ t,y la?~•. 1r, f yr ,ny re., .
~nLerest +n excess o! tiltth ksgM rib or a eharg. prohibited by krvlr at sny tirrre be paid, any st'd' exrxss shall ttithe? constitute and tee trrat•_tl as a l-.ism+•m
rnc,pal a be refuruled directly to the HAaker. TM Maker may prpsY flee entire unpaid balance Oi tM loan sl any time. It the loan is I++eP•tr+r ,n 'ul , -
,aced or retinanoad, the ti+lalte. Mull retwive a refund of atsy txssarrsad portion of interest, such refund to be computed by the srmtrte interest rttrt^::u..•.n.
• 3rned insureflte pantiuns received by else Bank Iron Ilea irMltrit? Mss11 be forvwrded to the Maker.
CREDIT LIFE AND CREDIT LIFE • DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CRf:D1T Such mwran-x cos• ra •
:variable at tM cost dssiptut,d below fOS Mee tem+ Of tM Credit: 1a1: n ~ a for Credit Life Insurance (bj S n ~ e
!:heck ? Credit 4fe Inwranoe is dasi?ed On tM lift of Birthiate _ _ _
? Credit Life i Disability hMwMtp is desired on Bi?thiate _ _
Ei+.x ~ Credit Life and/or Disability Itsnrrsrsoe is not dasitsd. ~ r
f
8 February 19~attrrs~ f< C " w^~ • ~ =t r -
.nFTERACUINREOPROPERTYN1EltE=Yfl1ECT'ff)TME >wTE_ ~ RFYTYREINOEl1iEaNE~ YA1cYStit:F~fR~ItEftTV.~Si01t.g"•. f
Maker hereby grants to Bank a security interest in flu property, if any. dataibad in the spew below and in all other property of t~akrr nova u• r+r +r :f :
-s,,nk's posssstion, turd sut~t soCwity iniMlst shall also saute all OtbM liabdrta of Maker to Bank, whether primary, secondary. direct or conting~na, c•r+ -e+•
4 r are. The aforesaid security interest exdisdac dte tttakera primary ?aardersee tm1MS nerd prrmaty resrckttce rs desarbed in the open space berc?v:
Northwest corner of lot 92, Sheens Map of iihite City, St. Lucie County,
Florida: as recorded in plat book 1, page 23, Public records of 5t. l.t!cir~
County, Florida.
r. •he Bank requires the Make( to obgin imurance coverega against loss a darrsage to the collateral securing the Makers indebte+6+ess to (fir N .r,k. • t.'
~ . nt:,in such coverage from sny sgent, broker a infurOr atxeptable to the Bank_
rs jointly and savttrelly covenanted and agrtted with tM flank by ('acts Maker, endorser, surety, guarantor, and nmer party ro tt,is nrae 'a ~ . ?
,..nafYer for brttvity called Obligor of OWigorsl that:
B ink shall exercise reasortabl! pre in the custody acrd preserwtion of the Collateral and shall br deemed to have exerused reas•;oable Car+• .r ,r ~ '
1pr that purpose as Maker shat! reasonably rewrest in writing, but no omission to comply with any request of Make• shat of r ;t•Ii i.e rfec•mFh t;
•~~+se aasoruble care_ Without limitirg Ilse gersarality of the foregoing, the Bank shall have uo responsibility for asce+tarmng cry matuntr~s, seat, -c+ ,
•.n, exchanges, oNen, tenders W similar matters relating to any Ot tM Collateral, nor for informing the undersigned with respe.a to •,ny thseof- Bank s: t
• hound to take any steel trecessary to preserve any rphis in the Collateral against prior parties, and Maker shall take alt necessa•Y stePt for such u~+pt v= R +
r,s nominee need not collect interest on Or principal of any Collateral or give any notice with respect to it. Rght is hereby expressly ;ranted to •t r E..r
. ~ •on to transfer st any rims to itself or to its nominee any Collaseral and to receive the irvtorne thereon and hold same as sec:urry t e•eto•, c:+ ;4 ;,'r
~•crpsl or interest due hereon or due on any liability secured hereby.
t lpnn the happening of any of tt+t following events, cads of which shall constitute s default hereunder, or if the lank deems ,tcetf nseCU•••, - ~•+•r •r .r:
,nce n1 1hK note and all other liabilities Of ead? Maker to Bank shall thereupon Or thereafter, at ttse option Of Bank, without notice nr dem..nd, u-s.nrn• r'+'•
+r+•tv rfue end psyabq: Is1 failure of any Obligor to perform a+sy agreement hereunder w !o pay in full, when due, env habihty wn rtukv+tr to +
Went thereof Or interKt tMreon; lbl ilea death of any Obligor; ltl the tilitg of any petition under ttse Bankruptcy Act, rx any simil rr fPBBr at • c•
ag+inst any Obligor, Idl an application for the appointment of a rsceivlr tor, the making of a general assignment for th.• ben~tit o'• n~•d=•. , +:r
,.av?ncy of any Obligor: eel the entry of a hrdgnrant agairm any Oblgor: lfl the issuing of any attachments o+garnishrnent, or rte Irking of .u •f i:: n, c
n+pperty of srsy Obligor; (gl tM tskirg of possesKOn of arty substantial part of the Property of airy Obl+gor at the ins-ance of and rtu,rE+rnn:+en• . u;`a
•hP cSrssduuon, merger, consolidation, or reorganization of any Obligor, (il the determination by Bank that ~ maenal adse+se ,.ta:,ae ',as - r
• ++,:•al condition of airy Obligor from tfre conditions set forth in the most recent financial statement of such Oblutor hetetc•fure •.+m;r+ert •o R •
• r •,nrlrtron of such Obligor ss Mntofore most recently disclosed t0 Bank in any manner; or that any warranty, repres?ntarron. ce•+ `+r:,re, n r • ;
„ txhet'ter contained m this note or noel pensining to a in eonr?sction with th'a note or the loan ev+derrcerf !ry •his note .s nut : -+,e O1 •t ; err
IV.+krr of any equity in any of the Collateral without th! written consent of Bank; Ik1 failure to do all things necessa•y en press rvr .+rn: m • •t
couectibihty of the Collateral, indrdirg, but not limited t0, the payment of taxes and premiums On policies a? rnsvrance on the c ue c~:,t•~ h•+r• • •...r _r
ice period.
~;nles~ the Collateral is perishable or threatens to dedirN speedily in value or is of a type Customarily sold on a rr•cugnved nz:n{•a~, E:_r.i_ .v•r' + ~ •
r!+lo notice of the time and place of any public saM Nseraof or of th! time after which a private sale will be held The rertuuemr•n: of n•,,,•, n.r• +r
•„er r! such notice is marled, pottage prepaid, to any Make at Iles address given below or at any other address shovm on the reccr i; nt t:~e 8.,.,t • 1.
hefrxe the time of the sale. Upon disposition of any Colbtersl after flee occurrence of any default hereunder, Obligors saran h, ~~r,t rc+•to, :
ncy, arMf Bank shall account to Maker for any surplus, but Bank shall have the right to apply aft or any pa t n1 such surpl•r, •r,•
vc) :,gains( any and all other liabilities of each Or any Maker to Beek.
.res. si+all have, but shall not be limited to, the following rights, each of vrfridt may be exercised at any time svhetner or n:tt th s n-•to +s i i
•+ar: r this note and the Collateral, whereupon Bank shall be.elieved of all duties and responsibilities hereunder and ..l.everf lire n ;:.,y ,~~u . .
+ ~ n. any CdlatNSl sa pledged a transferred, and any pledgee or transferee shall la all purposes stand m the Place of E:.,ns n•rruna•r, r
w E3~nk hereunder; Ib) to transfer the whole or any part of the Collateral into the Warne of itself or Ns nc,rnutr•e: Ic1 to n.;erly to O:+i~ nr
• m rk? payment to Bank of any amounts due or to bOcorste due thereon: Idl to demand, we for, collect, w mat a any co+•lt:•nr•, s•• o+ ;nr•
• .,r.. ,,,rrth reference to the Collateral; end eel to take posstrMion or control of any proceeds of Cdlateral.
d<~r:ry or umissron on the pert Of Bank in exsrcrsirsg arsy right hereunder shall operate as a waiver of such rulht o• Of and otht • rr':ht ~n•+•• -
u+ „Iteration shall be bindirsg on Bank unless in a writirsg sgned by an euthorited Bank olticer, and then only to the extr m :F.•••:r'rc , a ~ r ~ '
ram•rnt, darrtanrl, protest and notip of dishonor, are hereby waived try each and every Obligor. The taking of a renewal none .u r+.,•.r t` , : +
• nr endorsK liable on this note shall not be deemed a payment or discharge of this obligation arsd the fianitity created hvreur,C pr c
p•,+d m tuft. Ttse"Obligors, jointly and severally. promise and agree to pay all Costs of coflectron, rncludinq attorneys' fees r••j r,,1 : ; 10`~ • ' •
Psi u+ such larger anaunts as may ISre reasonable and just it collected by legal proceedings or through sn attorney :+t !..w, ,nclo un.f „ct:•ru <
The and//rsegned acknowledge rgteryt o' a comp~ete~ cnt,y cr rh+, n,r:+• r•
Route / 1 Boa 11.27 % L,~-4='~ T~1~'f'~=~ i~~ ,l
~terlite Txailer Park Al.k R. SCHAF.FER~
• -,j~SE'n RvgChv F1 nrtdsa ~~451 $ _ 1~/L. r-~ :E
+.j. .
REGINA N. SCHAEFER
B~~'S P,~1404
.•rv, iJ19