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HomeMy WebLinkAbout0930 c > Stuart, Florida, ~ ~ ~ 19 ~ ~ Note ~yi~• .•-~t .che.i~ak~ Ttt~lov after date the undersigned (and if more than one, each o[ them ~~nnth• and severally), hereinafter called I?faker. promises to pay to the order>oi FIRST NATIONAL BANK AND TRUST COMPANY OF STUART ~~f(icc at Stuart. Florida. CT - : Z~~:~1 'u - ~ia,A=i: ai~~l~)i - - - - - - - - -Dollar ~.~e P.L'!1 Qettit>r>~ttt St(ltttt+nettt I ~ h :uuouut includes Proceeds of S ' . plus other charges ((DDescribe) ,~i ~ resulting in an Ai\fOUNT FINANCED of ;1' , ` )with interest at an ANNUAL PERCENTAGE RATE of l~: 7+ °j° payable S= ~='otr which results in a FINANCE CHARGE of j (Computed on a 6 month maturity, if ~i~ ncutd obligation). If not included above. other charges - in the amount tsf ; have been (Describe) - ~~~lle•cted from 1ltaker. As security for the payment of this note 1ltaker has pledged or deposed with Bank the following property: r , } ~ in the amotmt of $271.05 Pa11?' ' _ - tr.,2; i ,a~~' ,•--t~- .~~~,~'3" aAv <>~c'.t •t~nth, !+e~inninjt ~ G , i ~i>s'd • C>tzl_steral ~ ~ 1971 Concord T'ravctl Trailer :~bd~l lio. 352. I.D. X357-3S1-S1S7 i~:rlriding all rnak, stock and other dividends and all rigkts to substribt /or sttnritits intidtnt to, dtelartd, or granted to connection with .:<<•h )property), u•ltiek property, together with all additions and subrtitutiotu AtrtaJttr pledged or deposited uritk Bank it tolled tkt Col- :ur, rel. The Collateral is also pledged as security Jar all otter liabilities (primary, steondary, dirtet, eontingtnt, salt, joint or several), ~t,~r or to become dt<e or u~hic•k may 6e hertafter contracted or aegeetred, of tack Maker (including eaeJ<t Maker and any other person) Rartk. T/te surrender o/ tAis note, upon payment or otherwist, stall not a//let tltt rggkt of Bank to retain iltt Colbteral for sutJ<t .~~hrr liabilities. Additions b. reductions or enhanges of, or substitutions for ffie Copateral, payments cn account of this boa or increases at the same. o: other loans roads partially or wholly upon the Collateral. map ham tiros b time be made without affeetfnq the prorisbm of thL note. Bank shall ezercLe rwson- ab!e care in the custody and preserratioa of the ColLteral b the erient required by application sutuu, sad shall b deemed b bars e=ereLed reasonable ca.e if it takes such action for that purpws a• Maker shall rsasoaably request in writlnq. but no omission b do any act not requested by Maker aball be ;seemed a failure b e=ercise reasonable cars, and no omission b comply with any request of Maker shall oI itwU bs dNmed a !allure b ezereise reaton- ~ a~ie care. Beak shall not be bound b u)re any steps necessary b ptetene sap righu in the Collateral sgainst prior parties sad Make shall tab all nee ~ essary steps for such purposes. Bank or its nominee need not toiled iatuest an or prfndpal ot.any Collateral a giro any nafid wUh rasped b it. ~ Ii the Co)lateral shall at any time become unsatistaetorp b Hank. Maker ahaU within one dap after demand pledge ind deposU with Bank as part of tae CoUatsral additional property which 4 satisfactory b Beak. U Bank deems itssL insecure, or upon the happeniaq of any of the bUowinq erents, each oI which shall rnosUtufe a default hereunder, all liabilities of each Maker b Bank ahaU Utenupoa or thstsaher, at the option at Bank, without notice or demand, become dtu and payable: (a) taUure of ary Obligor (which term shall mean sad include each Maker, endorser, surety and guarantor of this note) b perform sap sgrNmeat hereunder, b t Fay interest heron within ten daps after it is billed or otherwise requested or demanded, or b pap any other liability whatsoerer b Beak when dur, (b) t':e death of any Obligor; (e) the filing of say pstitioa under the Bankruptcy Act. o< any similar federal or sub statute, by or against any Obligor: (d) an application for the appointment of a redirsr tor, the making of a general assignment id the beae6t d creditors bp, or the insolreney of any ObUgor: (e) t^e entry of a judgment against any Obligor, (q the issuing of sap awchmsnt or garnishment, or the tiling of any lien, against any property o! sap Obligor: (g) the taking of possessicn d any substantial part of the property of any Obligor at the instants of any governmental authority: (h) the dir 6o:uti6n, merger, coosolidatioa, of reorganisation d any Obligor: (1) the assignment by any Mabr Of any equity in-sap Ot the Collateral without the written conaeat of Beak. Bank shall bars, but shall sot M limited to, the IoUowing righb, each at which map be ezsrcised at any time whether or not this note fs due: (il to pledge or traoslsr this sob and the Collateral and Bank shall Wsnupon bs zeliered of all duties and responsibUitfes he»under and »liered from ~ any and all liabi4ty with rasped b any Collateral so pledged or transferred, and any pledges or transferee shall for all purposes stand in the plan at Bank hereunder and haw all the rights of Bank hereunder: (ill b transfer the whole or any part d the CoiLteral inb the name d itatU or its nominN; iii, to rots the Collateral: (ir) b racily the obligors an any CoUa4ra1 b mats payment b Bank of any amouafs dw or b become due thereon; (r) b demand, sw far. called, or males any compromise or sett4ment U deems desirabb with referwd to the Caflaural: and (rl1 b tab control of any prodeds a of Collateral. Bank i• hereby giren a lien upon and a security laterest in all property of sash ObUgor sow or at say tams hereaher is the possession of Hoak in any ppacity whaboerer, indudiaq but not limited b any balance or shut of any deposit. bust, or agenry account, as security for the payment of thu note, and a similar lien upon and seturGy interest in all such property of each Mabr as security for Ute payment d all other lubUities of each Maker ~ to Bank (iadudiag liabilities of each Maker sad any other person): and Hank ahaU haw the tams rights as b such property a• It has with rasped b the Collateral. - 1t Hack deems itself insecure or upon the otcurrend of any defauh hereunder Bank shall hart the »medies of a setund party wader the Uai- form Commerefal Cods and. without limiting the generality d the foregoing. Bank shall bars the right. immediably sad without further action by it, b set of! agafast eh4 Hots all mowy owed by Bank in sap ppacity b each or any Obligor, whether oc not dw, sad also b set off against all other t ! iabilities of each Maker b Beak all mowy owed by Bank in any apadtp b loch or any Maker; and Bank shall be deea?ed b hart e:ercLed such 1 right of setdf and b hart made a chugs against sap such money immeduMly upon the oocur»nd of sneh delauh crest though sud? chugs i. made ' or enta»d on the boob of Hank subsequent thereb. Unlw We CaUateral u perishable or IhreaNns b dedfae speedily to rahw or b d a type cue- ~ tomarily sold on a reoognissd market Bank wW girt Maker reasonable aotid at We time and pled d any public sale thereof or of We time after which , any prirate sa4 or sop other fateoded dfapositioo thereat 4 b be roads. The requirement of reasonable notice shall be met U such notid u mailed, po+tage prepaid, b soy Maker at the address glren bebw or at sap other addrep shown m the records of the Bank. at Itast Ere daps before the time of the sale a dLpositioa. Upota dbpositba of sap Collateral afar U?e oocvrread of any default hennoder, Maker shall be and remain liab4 for any deficiency: sad Beak shall aocamt b Maker far any surplus, but Bank shall bars the right b apply all or any put of such surplus (ar b hob the same as a resent against) sap and all other lfabilillN of each or any Maker b Bank. No delay or astibsioa as the put of Beak in esercWnq sap right hereunder shall operate as a welter at such right or of sap other right wader this acts. Presentment demand, protest notion d dishonor. sad erieosbn of lilac without notid a» hereby waited by eadt sad erery Obligor. The ONligon, jointly sad eereraUy, pramiw and agree b pay all oosU o! eoUedfoo sad atbrwps lees equal b 10'Jo of the prtndpal sum or suds larger ~ amounts ae may be reasonable and just incurred or paid by Hank in safordnq this Hots upon the oonurend d sop default. Any notid b Mabr shall ba suffidentlp eared tat all ptvposee U piadd fa the mall. Postage prepared, addressed b or Nn upon the prsaijf~ a~,{~ addrss~`~60~ ~S~ow or soy f otLar address shown on Hank's rewrds. 1~plJ uV / ~17 09 Maker aekavwlsdges redlpt of a ooepleeed nogg at this Note on Ute abort data. 495S1,Z ilt.EO am f?f'c~ROEo ADDRESS: _ c1'1-r. P I7NA ~ __~,C~ •JtJU PIKE ~ CIERK CIRCUIT COU T _ (SEAIJ s:~. ar ~~rce RfCQRO VERIFlEO ~ _ - , A`1~~r -.r y`w~. ,~~1.~ - #~'t?+'~-.tea