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Home My WebLink About1448 ON THIS 6th OAY OF MaY 18 80 FOR VALUE RECEIVED. THE UNDERSIGNED , hereinafter called Maker without regard to number or gender, jointly anti severally PROMISE TO PAY the amount shown below as Amount Financedon_AyBt~t 4, 1980 (90_ days) - ToTHE ORDER OF SOON First National Bank of Ft. Pierce heretnafter called Bank. Interest thereon shat) begin to accrue - on the date of this note j4 ~ ~ , at the ANNUAL PERCENTAGE RATE of 17 3/4 yl,, iI`/J In the event of default or delinquency. Bank may accelerate the maturity of this note. Thereafter. interest on the principal outstanding shall be charged at the maximum lawful rate of interest or 1896 per annum simple interest, v!rflichever is less. to no event shall interest be due at a rate in exceu of the equivalent of 1896 per annum simple interest. • ®Amount Financed is due in RJ FINANCE CHARGE is due in 1. Proceeds of this Loan $ 19,914.00 one payment at maturity. one payment at maturity. D Amount Financed is due in ? FINANCE CHARGE is due in 2. Documentary Stamp Tax S 30.00 -payments as follows: payments as follows: Intangible Tax 40.00 (numbe.) l;numtxrl 3 Recording Fee S 16.00 '~$s8(~ liJtner cr4r mss. ltemi,to) x.980 NAY i 6 4. Amount Financed lt. • x, • s.f S 20.000.00 ~ i~ ~Z ~ Eo Alie at~E1 l~uf:e 5.FINANCE CHARGEIInterest) S 872.95 $ fE POIMII f.A, RI:'11~ CIItCitiT` 20 872 95 T f The Total of Payments is s • • I>Ni~~' I • (Sum of 4 i 5) ilcientity as "Balloon Payment" any payrnent which is more than twice the amount of an otherwise regubrly scheduled equal payment) AFi1R fiC~W11EO tflotEfttll tlllu 1tE fi'Nt~1EtT to TIE IIEf~llltTr N1TEe~T fUlo onlEfl N t'YTWE IItOEOTEN1EfS a fiTpl~EO or ulr fi~fi fMOrERrr. At f~Ollatrs: Maker hereby grants to Bank a security interest under the Fbrida Uniform Corrirrtercial Code in the personal properly. ii any. described in the space t,elow. and all other personal propertyOf Maker now Or hereafter in Bank's possession )Alt such personal property is ftereinafler referred to as the " Cdlatera!-' !This note is also secured by the mortgage. if any, of even date herewith. aq Of the arms and COnditiOns of which are hereby incorporated liy ielereitce as though lu{ly set forth herein, The real property is described in the spate bebw. Such security interest and such mortgage shall also seuue aq other habihties of Maker to Bank. whether primary. secondary. direct or contingent present or futwe. Lot 10, Block 28, FORT PIERCE SKORES, REVISED PLAT OF UNIT FNB, according to_ the plat thereof, recorded in Plat Book 9, Page 36, of--The Public Records of St. Lucie County, Florida. I! flue iwte is securer! by improved real property- then cawalty insurance acceptable to the Bank is required. but Maker may choose the company Huuuyh which such insurance is obtained. II ?s portly and severalty covenanted and agreed with the Bank by each Maker. endorser. surety. guarantor. arwf other party to th?s note laN or whom are hereinafter /or b,evity called Obl?gor or Obligors) that Bank shall eriercise reasonable care in the custody and preservation of the Collateral ancf shall be deemed to have e?ierasecf reasonable care it it takes such action (or that purpose as Maker shall reasonably request ?n writing. but rio omrssiOn to comply with any request of Maker shall of itself be deemed a ta?lure to eaerc?se reasonable care. Without limiting the generality of the lorego?ng. the Bank shall have no responsibility for ascertaining any rnatunties. calls. conversion. exchanges. otters. tenders or similar matters relating to any o1 the Cdlateral. nw br informing the undersigned with respect to any thereof Bsnk shaft not be bound to take any steps necessary to preserve any rights in the Collateral against prior parties. and Maker shall take au necessary steps for wch purposes. Bank or its nominee need not collect interest on a principal of any Collateral a give any notice with respect ro rt Right is hereby expressly granted to the Bank at ,ts opUOn to transfer at any time to itself Or to its nominee any Collateral and to reserve the income thereprt and hold same as security here/or. Or apply it on the principal o? interest due hereon a due on any babrtrtr secured hereby. Upon the happening o1 any at the folbwing events. each of which shat) constitute a default hereunder. or if the Bank deems itself insecure. the en- tire unpaid balance of this note and all other hsbilities of each Maker to Bank shall ttiereupori or thereafter. at the opUOn or Bank. wnhoul notice or de- mand. become rmmed?atefy due and payable /al failure of any Obligor to perfor?ri Any agreement hereunder or to pay in full. when due. any liability whatsoever to Bank or any instalment thereof or interest~thereon: ibl ttie death of any Obligor. lcl the filing of any peauon under the Bankruptcy Act. a any similar federal or state statute. by or against any Obligor: Id) an spphcatron for the appointment of a receiver tor. the mak?ng o/ a general ass+gn- ment for the benefit of creditors by. or the insolvency o6any Obligor: le) ilia entry of a lodgment against any Obligor. t0 the isswng of any attachments or garnishment. or the filing of any lien, against any property of any Obligor: Ig1 the taking of possesswn of any substantial part of the properly of any Obligor at the instance of any governmental authority: Ihl the dissolution. merger, consolidation. or reorganr:ation of any Obligor. fit [he determination ny Hank that a matenat adverse change has occurred in the Imancial corid+tion of any Obligor boor the condnions set forth m the most recent financ?al - statement of such Obligor heretofore furnished to Bank. or from the condition of such Obligor as heretofore most recently discbsed to Bsnk in any manner, or that any warranty. representation. certificate. or statement of any Obligor (whether contained in this note or not) pertsrning to or in connec- ^ eon with this note or the loan evidenced by this note is not true: It) the assignment by any Maker of any egwty m any of the Collateral wittwut the ^ w,ruen consent of Bank: Ikl !ordure to do all things necessary to preserve and maintain the value and coUecUbdity of the Colateral. including. but not limited to. the payment of toices and premiums on policies of inwraote on the due date without benefit of the grace period. i Unless the Collateral rs pershabte tx threatens to decfine speedily in value Or is of a type customarily sold on a recognized market. Bank w?lt give b1,+ker reasonable notice of the lime and place of any public sale thereof or of the time after which a private sale w?ll be held The regwrement of - ca~onat?le notice shall Ix met if such notice is mailed. twstage prepaid. to any Maker at the address given below or at any other address shown On ri ie records or the Bank. at bast ten days before the time of ttie sale Upon distrosition of any Collateral or any real property sieeunny this note after the ,xcurrence of ary ile:auh her2i,nder. Oblrg~rs shaft be arxt remain IwWe for any deficiency: and Bonk shall account to Maker tot any surplus. tint Bank cfr;,l! tiAVe the r:~,hl t0 c;?ply oN Or any part Of wdi SurpliiS (or 10 bold the Same as a reserve) agerr.st any and aft other tiaMkties of each rx arty Maker to Bank Bank shaft have. but shall not be limited to. the following rights. each of which may be ezercrseel at any time whether or not this note ?s due tort to ! - nlectge a transfer tns note and the Gollateial- whereupon Bank shall be relieved of all duties a^d res;xinsitNtires hereur,+er and relieved from any and aft babil?ty with respect to any Collateral so pledged or transferred. and any ptedyee or trans/area shall far aft purposes stand en the place of Bank Hereunder and have alt flit rights to Bank hereunder. IbI to transfer the whole or any part of ene Co!raterat into the name ci ilea)) or its nominee. Ic1 to _ -io:sty the OC'.igors On any Collateral to make payment to Bank of any 2mounts due or to become Cue ttrereon. Id1 to demand. sue (os. collect. or make any cort?p.omrse a settlement it deems desuaWe with reference to the Collateral. and tel to take possession or control o! any proceeds o/ Collateral fYo delay or omrsswn on the pan of Bank in esErciS?ng any right hereunder shall operate as a waiver of such right or of any other right under this note No waiver or alteration shall be brrding on Bank unless in s writing signed by an authorised Bank of/ices. and then only to the extent specficatly ~ set forth therein Presentment. demand. protest and notice of dishorwr. are hereby waived by each and every Obtrgw The taking of a renewal note } without the srgnatwe o/ any maker Or endorser bable On this note shall not be deemed a payment Or d?scharge of th?s obliyatrOn and the Gsbdity ~ c+rrated hi•rru^der shall co~tmue unt.1 this note is paid rn lull The Obligors. lomtty aiut ceveratly, promise anrt agree to pay all costs at collection. ! in_S;i~1~r.g aNU•neys' feES equal to t0~, of the amount rinanced. or such taryrr amoums as may hr. reasnnatile arul lust it collected by legal ~ ' h•rxeedinys u. through an atsorney at law, incuding appellate pn:ceedrnys The undeis+gned a owledye/receipt of a completed copy of this note on this date ~ l . Address 2321 Atlantic Beach Blvd. tSEAI? ay g Bu ch _ Ft. Pierce, Fla, 33450 • 1SEAt1 ear~K~~ P~GE~~~