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CIISC?IO,SURE NOTE FOR INSTALLMENT LO~?t`j~S _ ,r ~ ,
•'3
FIRST NATIONAL BANK OP FOR? PIERCE w Aaawt.Mcaiwtl~ S 7.100_00,_,
tsl wrerslwrw ter. Cra~it .
uLrawwty Ina, s~,~?Q~~!.~
Post Oitice Boot 970 -Fort Pik. Fulda Ice o.te~rtt.rtt.r„ stawtsa s 1 i _ lU
I - la oMte. d+arMa liearnisel =
February 24. 79, Isl s
fVOTE fVO. 17'-3254-5 DATEO: . tE~ IF1 = nn>s~
Fe rtt~ev 15 tail Aawesutt Finastoed
Due: tam., tA, s. D, t:. FI s 7 330.57
. IIN Iwlereet s
PLACE: Fort Ptejrc , FL01110J1 ill Credit Invastigetion s 15,_,__0_
For valor reaiwd, tM undersigned (hereinafar eN1ed "Maker"1 jointly and severally lif ~ Os#er 3 .
mots than creel promiM to pay to tM ordM of Utt Bank. at ig offip listed above, tM ToW IKI s nAnf!
of Psynantt itronl INI at rightl of.~9,S4. j^_OollarspeyaWe to .3,f>L_ IU = tIOIIO
squat monthly iratallrtants of S1 ~ tint lM1 FINANCE CHAR~3E 1.623.72
I11!areh i S 19Z~, and subssgwnt iratNtments due on IM, 1, J, K, U s
instsllmartt dw on INI Total of Payments ICs + MI t S s 9
5~_ 28
th• 1 S .day of each n+ontf? tna?asftar, to~tlN. wilt a FINAL BALLOON PAYMENT OF: ANNUAL. PERCENTAGE RATE 13 - ~9 7i
~ none ouE mono , is
TM Sank shall intpoea • delirgwrtey dame ageirat tM 1Aakar on any payment which hes becaia due and mains in default for s t»riod in e»pas of 11
days in sn amount avast m of tM amount of the principM part of tM payment in dalatth. in tla aveaa that tM Nos ss not paid N full st traturity. all pay-
ments. whedar principal. interest or otharwies, shall bar interest at the rsaxinwm lalfal rata alkswad under tits law. All psymertts made Mnurdar shall be
credited first to interest and than to principal. however, M tM want of default, tM Sank nay. in ip soN distxetion, apply arw psymerte to tntsrest. prioapel
and/or lavsfuld+erges thou aocrtred. It is tM ingntbn of flee parties hereto that ill proviaiaa herein thaN not provide directly or indirectly for the peyanertt
of a greatM rats of istgrett err tla regrttion of any other dterge than M aNovtad by law. It, for arw teasers. interest in ettoess of such IpM rap or a NterNpro-
hibitad by law tltNl es any tires be paid, arw latch excess shall eider eoratituee and ba traarid es e peyrsant on tie principal err be relwtded dirnedy.to tM
Maker. TM Maker may prepay tM antis unpaid belertee of tM loan at any tits. If tits loan ie prepaid is fldl, gooalarated or refirtertced, tM Mikar stall rspeive
a refund of the unversed po~on of tM irtteraat and irattrarroe prernittrn~ eompugd M tlta RtrN of 78's stathad, except that tM Sanlt shall be entidad w retain
a mininwm intareat of ~R
CREDIT LIFE ANO CREDIT LIFE 8 OtlASIUTY INSURANCE ARE VOLUNTARY ANO NOT REOUIREO FOR CREDIT.stads irteurertereoeveregtis
awitabb at tlteeoet dasiglsa>vad below for tM term of tla credit: lal t 201 _ 47 for credit life Irtturartoe IW s nonce -
fo. Credit Ub a Oiability Inwrrartoe:
eh.dc ~ Credit uh tnaunna is daeired an ell lih of Frank A. Guerrlero Birthdate 9/2/32 -
Appl. ? Credit uh a Disability Iraurana i, dteind on ~ Bird+dase
Box ? Credit uh ardlo. Digbiliq Irawana k not desired.
ate: February 14, 1979 . r-
AFTEeACOWItE0M0/EIIT1fMItL EEtUt1ECTTOTt1E:ECIMITy1NTE AMOOTMEt1011ftlT011E1N0ESTE0NBtKfEC011E0SyAlly:IICIIMOlEIITrASfOLLOrEf:
Maker hereby grans to Bank s escwity Interest in tM poperq, if any. deaaibd in tM spas below and in all other property of Maker now or haeeNtar in
Bank's possession, and each setserity interest shall also tectrre all other labilitas of Makes so Bank, vrlatMr pimary, secptdary, drraet or oontirtgent, precast
or future. TM aforeaid escurity interest excludes the Makers primary residertee unless said primary reaidartoa is destxilted below.
EQUIPMENT
-See attached list
If the Bank requires the Maker to obtain insurance coverage sgairgt loss o? damage to tM collateral ssourirsg the Makers irtdabtednea to the Bank, the Maker
may obtain such coverage from any agent, broker or insuror aoaptabN to the Sink.
It is ioirttly and esverNty eovertanted and agreed with the Bank by each Maker. endorser. surety, guarantor, and othe? party to the rtota Ise of when are
{ hereinafter for brevity eNied Obligor Or Obligors) that:
`k Bank sfiall exendse reasonable can in tM custody and txae?wtion of tM Collateral and sl+all be deewted to have exercised r~esonabN care if it takes such
action for~thaK purport at Maker shall reesOMbly request in writing, but no omission to comply with any request of Maker shall of itself be deemed a failure to
I exercise reesonsbN care. Without limiting tla ganerMity of tM tongoirp. tM flank shall have no responsibility for asoertainap any nattxitia, db. oomier-
Sion, erteher~ges„ offers. tenders w similar nesters relating to any of tta CollagrM, nor for informing tM urtdarsgrad with respect to any thereof. Beak shah not
be bound to take arty sups rtaeessery co preserve any rigtttt is the Ca141aral againnt Prior parties, and Maker sftell take all rtaoesgry saps for sudt ptrrpaMS. Sank
f or in nominee head not collect intereN on or prirtcipN of any Cdlswal or give any notice with respect m it. Right is hereby expresshl granted m tla flank at its
l option to tnrttfer st any title to iteslf Or to its rtontirtes any Collateral and to receive tM irtoonta threat and hold seine es fafaKity herefor, or apply it on the
prirvripll or interest dw hereon Or due on any liability secured hereby.
upon tM happerlirtg of any of tfte following wens, each of which shell coratitute a dNsult Mreurtder, o? if tM Bank clause itself inssxarre, tM entire unpaid
balance of this note and aN otter liabilities of each Maker to Sank shMl daretKtort or thereaitar, at the option of Sank, without notice or danartd, baoasa irrrrta
diately due and payable: ice) failure of arty Obligor to perform any agreement hereunder or to pay in ieM, whert dw, any lisbiliey whsgoeve? so Bank a any in-
stal intent thereof or interest thereon: Ibl ill dealt of any Oblga: Ic1 tM filing of any petition under tM Senkn+PtcY Act. or any simiNr federal o? stsa status,
by or agNnst any Obligor Id1 sn application for the appointment of a naiwr tor. the ntNtirg of a general essigrtnartt for tM berafit of e:raditoa by, or tM
insolvency of any Obligor, (el tM enay of s jedgrntant against any Oblipr, lfl tM issuing of any stadtrrantb or gernahnant, or des filing of any lien, against
any property of any Obligor: Igl des taking of poaession of any subsearttiN past of the property of any Obliges st tM instsrtee of any governtrtand audtority:
(h) the dasNuCwn, merger, eoeaolidation, or reorganization of any Obligor li) tM dearmimtion by Bank that a ntetaisl adverse change has oeewnd in tM ,
financial condition of any Obligor from the eortditam set forth in the most recent financial statenraM d suds Obligor heretofore fumislad to Sank, a fran
the condition of such Obligor es heretofore oast reoantfy d'adoesd to BsnM im any rrtanutar: or thit any vrartanty, reprepfntstibn, gttifigtt, or stagnant of soy.. z ,
Obligor (tllietltar contairad in this recta or not) psrginirg to or-ir? eortrteccton with this note a the loan wideneed by the rota k not trw: (jl ihi=sfligrrrtint by .
any Maker of any equity in any of the Cdlste'N without the writgm consent of Sank; lkt. taihrre to do all things neassery to preserve sod maintain tla valor -
and colleettbility of the Collste.N, including, but not limited to, tM payment of faxes and premiums on pdicies of iraursrtoe on tM due dace without berafit of
the grse! period.
Unless (he Collsterel is perishable or threatens to dadira speedily in valor or is of a type custorrarilt? sold on a reooyrtized msrbt, Bank will give Maker tea-
sonable reties of the tins sod place of any public sNe thereof or of tM tins after which a gives sNe will be held. The requinmtent of ressonabq notice shall
be met if such notice is nailed, postage peps)d, to any Maker st the address given below a at soy other address shown on the records of the Sank, at least ten
days bdon the tins of the sale. Upon d"aposition of soy Collstarel after tht oocurrsnoa of soy ddaulc hereunder, Obligor shalt be sod rentairt liable for any
daficiertCy: and Bank shall account to Maker for soy surplus, but Sink shalt have the right to apply aN o. any part of such surPkrs for to hold tM sans es a
resertrel ageirat any and NI other liabilities of asds or any Maker to Sank.
Bank shall have, but shall not be limited to, the (Wbwirtg rights. each of which may be sxereised st cave time wMtMr or not this note is dw: fsl to pledge
ar tnnsfN this torte and the Collateral. vt#sererrpon Bank shall be rNieved of all duties sod reWonaibiliias hereunder sod rNieved front any sod NI liability will
respect to soy CopagrN so pledged or transferred, and soy pledgee or trsr?sfaree shall tot all purposes stand in the place of flank hereunder sod have ell tM
rights to Bank herewtder; lb) to trsrtsfer the whole err any Part of tM CoAsterN into tM name of iteslf or its rtontines; Icl to notify the Obligors on any Co11at-
eral to make peynant to Bsnk of arty amounts dw or to beasts dw tftereorr Ill to dsnrtard, sw for. collect. a Hake arty comOromise or settlersartt it deems
desirable with nferertce to des Colbtarsl; and le) m take possession a control of any proceeds of Cotlaanl.
fJO delay or ornsaion on tM part of Bank in exereisirg any right hereunder shall opsreg es a waiver of such right a of arty odar right under dtis mote. No
waiver w sltsrstion shah be birdirtg on Bank unless in a writing sigrtad by an authorized Bank officer, and than only to tM exturst specifically set forth tMrein.
Presentnrant, demand, Protest and notice of dishonor, sn hereby waived by Mch and ~Y Tha taking of a renewM nos without the signature Of any
maker or endorse? IiabN on this nos shag not be daented a paymertt or disdtarge of this obligation and tie lability sand Mrerxtder shW COhtitNle until thin
note is O+id in full. Tie Obligors, jointly and seventh, promise and agree to pay all costs of collection, Atdrrdn9 attorrteys~ teas equal to 1t1%of the arnartt
financed, oc such larger amounts es may be reasonable and just if collected by legal proceedings a through sn attorrtay at liN, irtdudutg sppNlate P?ocMdnge.
TM wtdersigrtsd adtnovtledge receipt of a Dopy of this relate on ihk date.
T ~ ISEAU
Adarees r P T ORI ~ N. - tSEAU
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