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HomeMy WebLinkAbout2483 OiSCIOJUt1E NOTE FOfi t'ENSONAI. LOAN Note kurrl,•:t__,___~______ ~ ON THIS 12th UAY OF lM+arCh_ ~ ^ _ _ tg 80 FUR VAl UE RECEIVED, THE tiNDERSIGWEU hereindlter c:rllyd M.ikcr witf+uu; rCryartl to nurnl,^r or geruler, ~o;ntly ar:d sevi'rally PROMISE TO PAY the amount shown below as Amount Financed an SeAtember 12~, 1980 (1$4 days) TO rHE ORDER Of FIRST NATIONAL BANK OF FORT PIERCE _ _ herr3inafter called Bank interest thereon shall (tell;+l to at:cruc on the date of tl•,is note at the ANNUAL PERCENTAGE RATE ot_.~~rJb. In the event of defatJlt or delinquency. Bank may accelerate the maturity of this note. Thereafter, interest on the p,incipa! outstanding shalt lie charged at the maximum lawful rate of interest or 1896 per annum simple interest, whichever is less. In no event shall interest be due at a rate in excess of the equivalent of 1896 per annum simple interest. ~1 Amount Financed is clue in kl FINANCE CHARGE is due to t. Proceeds of this Loa+~ S 23,964.00 one payment at maturity. one payment at maturity. Amount Financet is due in O FINANCE CHARGE is due in 2. Documentary Stamp Tax $ 36.00 __.payments as follows: payments as follows: ~nurnDer? trtumDer) 3. S '0- (Other chargas, ~ten+utol 4. Amount Financed tt. • s. + a.? S 24000_00 5.FINANCE CHARGEtlnterest) S~,i051_ 14 Tfie Tots) of Payments is S 26 _ 051.14 t um Or 4 6 S) (ldent+ly as "fiatroon Payment' any payment which ,s more than t.v+ce the amount of an otherwise regularly s~+edirl~d epwl payment) RiTEIi ACOWiEO t+RtrlEm? MAIL ~ SUtfJECT TO THE tEWRITr INTEREST AN8 OTMER OR FUTURE 1NDElTEOMESS IS SECWIEg 1r fUr SUpt M01ERTr. Afi FO11t11Mt: Maker hereby grants to Bank a security rnterest under the Florida Uniform Commercial Code in the persona! property, rf any. described rn the space below acid all other personal property of Maker now or hereafter in Bank"s possession fAll such personal property is here,nafter referred to as the Collateral'")TMs note rs also secured by the mortgage. d any. of even date herewith, aU of the terms and condruons of which are hereby incorporated by reference as though fully set froth herein The real property rs descrrttect rn the space below. Such security rnterest and such mortgage shall also secure all other t,ab+t+t+rs of Maker to Bank. whether prrrtrary. secondary. d+rect or contingent. present a futur~ep~ ~ ~ 28 WW 11111\ 20 Lot 8, Block 2, RAINTREE FOREST, an unrecorded Plat E~~~~ A~~~ cMt~i 4~21Z n ft><folt>+ vEftiF+t n ~~~g_1_-.----- II th+s note +s secured I,y improved rear property then casualty utsurance acceptable Io the Bank rs requ+red. trot Maker may choose the company thrOUyh Wh,Ch wch rnSUrance +5 obld+neA It rs )anlly and Stverafly covenanted and agreed with the Bank by each Make+ endorser surety. g,,arantor arwf other party to this note tall of whom ate herernatter for brevity called Obigor or Oblrgorsl that Bank shall e,cerc+se reasonable care +n the custody and preservation of the Corraterar a+rA shall be deemed to have exercrse0 reasonable tare if rt takes such att+on for that purpose as Maker shall reasonably request ,n wrrt+ng but no on++ss+on to comply w+th any request of Maker shall of itself be deemed a (adore to exercise reasonable care W+ihout t,m+ang the generality of the foregoing. the Bank shall have no responsrbr6ly /a ascertaining any maturrues. calls. conversion. exchanges. offers. tenders or srmdar matters retaung ~to any of the Coltaterat, nw for rnlaming the urtde?s,grred with respect to any thereof Bank shall not lte bound to take any steps necessary to preserve any r+ghts m the Collateral against prior parties. and Maker shall take all necessary steps for such purposes Bank or its nom,nee need not collect interest on or pr,ncrpal of any Collateral or gwe any notice with respect to rt Right rs hereby expressly granted to the Bank at +ts option to transfer at any t+me to +tsell or torts rwm+nee any Collates! and to rece,ee the income thereon and hold same as security herefor. or apply +t Ori the pr,rrcrpai or rnterest due hereon a due on any irab,lrtr secured hereby Upon the happen+ng of any of the folbwrng events, each of wh,ch shall const+tute a default hereunder. or rf the Bank deems itself insecure. the en- t+re unpaid balance of th+s note and all other I+abrl,t+es of each Maker to Bank shall thereupon or thereafter. at the optrOn of Bank. without notice or de- mand. become immediately due and payable la) failure of any Obligor to perform any agreement hereunder or to pay in full- when due- any liab+lrty whatsoever to Bank or any instalment thereof or interest thereon. (bl the death of any Ob+gor. Icl the f?Irng of any petition under the Bankruptcy Act. tx any srmdar federal or state statute. by or against any Obl+gor, Idl an applrcat+on for the appo+ntment of a receiver for. the making of a general assign- ment for the benefit of creditors t>y. or the insolvency of any Obligor. let the entry of a Judgment against any Obligor. Ifl the ,sw+ng of any attachments or garnishment. or the 1r1+ng of any I,en. against any property of any Obl+gor. (g' the taking of pOSSesswn of any substanteal part of the property of any abl+gor at the instance of any go.•ernmental authority. Ili) the d,ssolut+on. merger consot+dat+on a reorganrrat+on of any Obligor. ir) the dttermrnatron by Bank that a material adverse change has occurred rn the financial cond+UOn of any ODhgor from the corrd,uons set forth in the most recent financial statement of such Obligor heretofore furn,shed to Bank or from the cond+tron of wch Obl+gor as heretofore most recenth d~sclostsd to Bank rn any ^ manner: or that any warranty. representation. cert+frcate. or statement of any Obl+gw iwheiher conta+ned rn this note or riot( perta+nrng to or rn cortnec- t+on with th+s note or the ban evidenced by this note rs not true. 1?1 the ass+gnment by any Maker of any equ+ty rn any of the Collateral vnthout the ^ wr+tten consent of Bank Ik? facture to do all things necessary to preserve and marnta,n the value and collect+brlrty of the Collateral. inclirdrrig. but not g I+mrted to. the payrrrent of taxes and prem,ums on pot+c+es of insurance on the due date wrt~r benefit of the grace period ~ Unless the Collateral rs trerishable or threatens to decl,ne spee,l+ly ,n value pr rs of a type customarrty sold on a recognried market. Bank will give Maker reasonable not+ce of the time and place of anti publ+c sale thereof or of the trine alter which a private sale w+ll (>e held The requirement of reasonable nonce shall tx: met d such notice s marled postage prepa+d. to any Maker at the address green below or at any other address sftown on the records of the Ba++k at least ten days before the lime of the sate Upon d~st,os,tion of any Collateral or any real property securing this note alter the occurrence of any Aef,,utt hereunder Obi,gors shall be and remain liable for any Ae6uency. and Bank shall accormt to Maker for any surplus. brit Bank shad have the r+yht to atr{rly all w any part nt sarch virgins for to holA the same as a reserve) agau,st any and all other kabr4ues Of each a any Maker to tier+k Bank shaft have. but shall not be limited to the folrow,ng rights each of wt++ch may be a:erased at any ome whether or not this note rs due la) to pledge a transfer th+s rote and the Collateral. whereupon Bank shall be relieved of all duties anct restrons+brl+t+es hereunder and relieved from any and all bahdrty w+th respect to any Collateral so pledged or transferred. anA any pledgee or transferee shatr for art purposes stand rn the place of Bank hereunder and have all the rights to Bank hereunder. Ibl to transfer the whole or any parr of the Collateral into the namt of itself or its nom+nee. Ict t0 s not+fy the Obl,gOrs on any Collateral to make payment to Bank of any a+riounts due or to become Aue thereon IAl to demand we to:. collect Or make any comprom+se or settrement q deems des+rabie with reference to the C~'raterat and (el to take possess+on or control o! any proceeds of Collateral _ No delay W om+ss+on on the part of Bank rn e>tercrs,ng any right hereunder shall operate as a wavier of such right or of any other r,ght under this note No waiver or attest.on shalt be b+nd+ng on Bank unless in a wnuny s+gned by an authonred Bank ol6cer and then only to the a:trot specfrcally ~ set forth ttrere+n Presentment. demand. proles; and not+ce of d~shonur are hereby wa+veA by each and every f?bl+gor The tak+ng of a renewal note wrttrout the s+gnature of any maker or endorser Habre on th+s note shall not be deemed a payment or discharge of this ob++gatron and the 4sbrldy created hereunder shall cont+nue unlit this note is pa+d +n lull The Obt+gors to+ntly and severalty prom+se and agree to pay all costs of collect+on. ,ncludrng attorneys' fees eq:,al to lO9L of the amount Irnanced or such larger amounts as rt+ay be reasonable and Just r1 coltscted by legal ` Droceed+r?gs or through an attorney at law. ,nctud+ng ~pDeltate proceedings The unders+yned ackno eAye ?ece+pt of a om CreA copy of this ore on th,s date Address 1009 S. Indian River Drive ~ ~~t"~'` l (BEAU AVID STUAR ~ _ ~ Fort Pierce, Florida 33450 ~ ' . ~ ~I:~,K J~?7 ~a~F2482 GLORIA SMART m ~ _ .