HomeMy WebLinkAbout1914 FIRST BANK AND TRUST OR PALM BEACH COUNTY
No. •rs - ~ -1 ~ 7
Fe ruary 29 , tg 80
FOR VALUE RECEIVED. At $5, 000 per month including interest commencing in Ninety-S~~~r~ati~t~sTl~irsigiled
(and if more than one, each of them jointly and severally}, htlreinalter called Maker, promises to pay to the order of
• Fint Bank and Trust of Palm 8aatdt County ~ ~ a
at its office at Delrav Beach ,FLORIDA, hereinafter called Bank the sum of Seventeen
Thousand and No/1Q0 DOLLARS (total of payments which amount includes proceeds of i 1?.000.00
plus other charges (Describe) T~eumentary ~m,;u;
oft 25.50 resulting In an AMOUNT FINANCED of i~?- 000.00 t with interest. The ANNUAL PERCENTAGiE
RATE of this rwta is subject to Increase under the following conditions: The rata will be 1-1 /2 X In excess of the prevaiUng prime
lending rata established by First Bank and Trust of Palm Beach County, which shall be the index hereunder. payable
with adjustments made as of the date of any change of this Index to which the ANNUAL PERCENTAGiE RATE Is tied, providing
that the maximum ANNUAL PERCENTAGE RATE payable hereunder shall be 18 and the minimum shall
be 1€1 x. The ANNUAL PERCENTAGSE RATE charged on this loan on the date of issue 1?-3/4 x, which
results In a FINANCE CHARGE of s roomputed on a 6 month maturity. if demand obligatbn) S
If not Included above. Giher charges (Describe)
in the amount of i • have been collected from Maker. Aa security for the payment of this note Maker has pledged or de-
posited with Bank the following property to 1 and 10 Block 433 of Port St. Lucie Section 3, a Subdivision
_ aer?nrrlin~ to the Plat thereof. recorded in Plat Book 12, Page 13A, of the is Reco 0
Sti T.u~ie Cnunt~. Florida.
(inClud
inQ 81 Cash. SroCk a?KIOtlMI divldel~dd arKl a11I~IKS ro Sub9C/~be bIa6CW~bed iflCk/ent b. deClaf6d Of ~~8n/ed in CWYIe000n witl! SUCK p/Opel(y). wf11Ch
prope?tl
, rogetl~er wAh aI addf+ora and substidrdans Asroafter pledged a dsposEed wiOh BaNc is ca~i the CWeterN The Collateral is also pbdgsd ss .
securi
y br N od?er fabiftles (primary. secondary. dfrec~ oon~inpsr?4 ads. joint o+ savera?). due a ro become due or wf~idr may ba hereaRer o«wacled or
acquired, olsach Alalcer (r1cArdlirrp each Arakerand anyotlter person) ro Bank The stxrerlderordlis note. uponpaymsntoroMerwise. shalrtota//ectthe~ight
e>r Bank ro retain the Cowktaral br such other iabioies.
cRt~rr urE AND CREOtr UFE a olsAelLrrY INSURANCE. ARE voLUNrARY ANO NtoT REQ<1WED FOR CREOrr. St,dr inetrartoa caverape is ararabls at the
cost a.sgnaMd below br tl+a bran a tl+e credl: (a) i t« CredN Lila kaurarae (b) t br Cndit Life a oisabiWy lnsuraraa
'YOU NAVE THE OPTION OF ASSIGNING ANY OTHER POLICY OR POLICIES YOU OWN OR MAY PROCURE FOR THE COVERAGE OF THIS LOAN.
? Croat Lila kw,rartca is d.and an ate fN a 8kttdale
chedt
App. Crsat Lie a Oisattrty kpurartos is daind
Box
~ Credt Ills arrdlar l~isabily k+seranoe k not desired.
tl~at.~ February 29, 1980 (
Addifor?s b. reducliorts«releasa «exdwgea a. « br paymerNs ben «intxeasfs a the same. «other k?sr?s made partiary
or wfay upon e+e Corawal, may tom irne b tirrre w made alNakq poviabrts a this mole. Batik shtq.ratoa. reasonable an ~ the wstibay and preservafon a the
CoiaMralblhaawarMtiquiw~dbYaPDk~staMAa.andaNdW b_ aarc~adreasonabNcw%qubsaxhac0onbreNtpuposaasMaMarshairnasombtyrpu~stin
"fid^0. butraomisebnpd0 arty act notregtwsMd b1r MakershM badsen+sd statue bexarclsarsasonabMcars. andnoomissionboonrplywilh anynquesta MakersharaAsq bs
dsanNd a faikrs b ercereise nasonaDN care. Barre of W not Ea tfourd b Ulna anp wW naoaswy b Dnsarve any rfplMs In er CoitluM apairwt Drio? Dares arW Mdrar r+Aai Wn N
Moeseary slaps br such puposes. Bank «IU norrrnse trees not cores irterast on «priapN a any Caralsral «give any rafoa wife napes b it
'i q tt+e CoraMral shall d any ems beoon» ernsaistacbry b Bank M.k.r atW wierit 1 day seer denrard pledge and dapaq wrh Bear es part a Ure Carawal addifonal
propeAy whkh ki salisUcbry b Bank
q Barre deems itseq irteepre. «upon fire happening d any a the ktrowirq evenU. each a which alW oonstrwe a d.tadt iweerder, ar iabiies a each MNutr b Bank shat
i a,eneyon «tlrnilUr, at tits option a Barr. wiaaut rrotioe «derneal. beoarre drre and payable: (a) tarrra a arty Obrg« twhich Mrm shat mean and irtckrde each Maker. «daser,
wrety and QuararM« a leis mote) b perbrm any agrssrrwN tweuder, b pay inMreet Hereon wirrn 10 days attar t is bind «oeterwiae requ?stsd «dernarded. «b pay arty otlw
1 ebify whtsower b Barre wMn due: (b) ere death a any Ot>igor; (c) the Lirw a any pslilion under the 8arruuplcy Act. «any sinrWMdsrat or stale statute. M «agairrt any OOipor.
(dy an apprcafon for the appoYwrrw a a reoMver fD?, en making a a. gsrwal ateiprrnent Ior tl+e berrert a asabn by, «ths irooWertcy a ary obip«: (e) tl+s entry oI • Indp~rw
agargl.nyObip«:(f1lh.asuinpaany.paarrrNnt«p.rrrsl,msrM,«anwrpaanyisn.apainstanypropsrlyalany0bipor(9~tl?swdrwapos4assionaanyarbaarridDrtae,.
propery a any Ooip« at the irWance a anygovermrerwl auerority: (h) the aseokrtion, inoompelertry, rrrrper. corrowaion. «rsorpani:a0on a arty Obip«: G) ws assiprrnarM try
ary Maker a arty perry h any a the Coratsral wNltout the wriasn oonsw a ere Bank.
Barr anal nova. t>trt shall rat be inried b. M browirq rights. each a which may be e>oarcieed al any lima whsenr «not this rase is fir,.: (r) b pisage «eraroNr this Hole and
n,s Caralerel and Bwr sfrar ewreerpon be nfeved a M drAies and rssporrs~biliss tweuder and nravea Iron any and at liabiity Wier napes b any Coralerai ao pledged «
varefemad, andanypbdgas«translsrssahMbrsYpuposasatsndintlrpaosa8arrehar~su+darandhavatltharighUaBrrchsreundar;(i)blransUrlMwhoM«anypartaets
Coiabrai irro qr name a raw «se nanitee: pii) b voU tfre Cotatara~ (Iv) b notify lire atigors on any Corsleral b maw paymarN b ewe a any amounts du. «b become due
d!tere«ti (v)bdMnard. susbr. aorect «maw anyoorrrpronrss«sNINn+.ntgas«nsassirabl.wlitr.Mr.nosburcollal.rak and (vi)buwoontraaany proaaasacaasral
Bank is lreraby given a fen upon and a seevrity irtlerest to ar properly a each Obipor row «at any rare Nenaser in Rr powseion a Bank h any eapaery whatsoever.
rxUdirp t>ut na intied b arty balance «ahw a any depoK (rust. «agertey aooount, as serterity kx wa payment a title Hole, and a sirrrrar fen upon and searry:runsta to at such
propNty a each Mawr as eecugy for file payment a at other iabii.. a aadr Mawr b Barr (irtckrarp rabilin a each Mwr and any ogler person); and Barr sl+ar have rn stints
fights as b such properly at r has wit raspeel b the Carateral
q Bank dNrns t{sN ireec~A «upon the ocwnrae a any d.ae>tt henurder Barr sfui have tlr nnraes a a seared party under ere tlrrilorm Cormnrcial Cods and.
wierout imiingthe9MrerWyatM bragoirp. Bweeharhaver,.riglrt, knrteasMyandwirroertfurtMraction byr. b setoa agsirrst ersnolsal narryowad by Bwen anycapacly b
each «any0big«.wMUw«nol due, and abobsMoMagairrelar carer iabitiesasatrt Makarb Behr arm«reyowed byBaMt n anycapartilybeach«anyMaker; and BaNrshar
be deemed b hM erercised such tier a esaafl and b have made • ehrge against any such m«tsy imreaatNy upon the aoarrerroe a such default even though sudt cAerps is
made «errered on the boats a Bwc serbeegerw therslo. tlrress the Corateral k perkifaDla «threalerq b deeirre spse6ly h value «b a a type cwarreerry sold on • rso~ogriute0
marksl, Bank wi give Maker reas«tabN nofoe a ttre rnta and plan a ary pubrc sale thetas«a tits tlrne aMrwtrcA any privaM sale «any over irrerdw draposir'«t ttreraol is b be
made.TMngeiarnerMareaaoneDMnoliosehM be matrwchrrotkeismerad.posUpepnpeiQbanyMakerattlteaddrMSgivenbelOw«Manyahetaddrasdtownonthenoords
of o» Barr. at lsiM 5 days beloa M ime a the sal. ordieposibn. upon daposlror.,
f arty Coraterai ahw •M oocurnnoe a any default liereerder, Mawr enar be and amain iabN
kx arty derdancy: and Barn char account b Maker for ary surpkre. but Barr shM have the rigiw iu apply ar «any part a such supkrs b hold ttr same as aneerve apsirt) any erd
M carer fabilies a each «any Malw? b Berri.
lr0 ashy «amission on file part a Barr to e~esrcisrng any rlptt Mreerrder ehar aperw as a waver a such right «a any other right order this note. PraerarnarN. demand.
protest,halo. a atdronor, and e~aerwort a stn. wletotA rtoace are Eby waNeO by seen and evMy Otrigor. The Obipors, loirry and severely, promie. and agree b Day ar costs a
ooeecion tneluanp • nasortable atbmeys kw and epparete work, as may be ttaund «peid by Barn in erM«anp ere rroM upon tM oxunrae a ery dMeutl Any rwroe b Malty
der be serlrciently served br a• purposes r placed h tits mM, poetags prepaid, addressee b «lM upon Qte prsrNees et. rr addrses shown below «any other eddnes shown on
Barre'. records
Mawr noetpt a a oontpnea copy a firs Nola on tree ebov~ dw. ~ ~ •
i
At~oRESS: 9411 S. W. 10th Street sEAll
r z
Miami, Florida 331?4 - (may
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BO~J4+l! P~6E~`~ ~
ti.•.~~.o. . `.t ~ )mss. ~ ~ ~ ~ •-/y,. r~•''~`a i 'fir . r- ~1+?'..K.~_ `.,r_•'; y , s 't r~~,..:_. I as.. i.~