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NOTE AND SECURITY AGREEMENT
Amount S. 25, 000.00
Aoootxrt October 6 is 80
: IIIIN
(h ariS note and dgC106ur9. are words, 1. ME, MINE. and MY rrwtan each and eM of arose who syn M in any lY. The words YOU. YOUR and Bank mean
Iandlilark First National Bank of Ft. Lat>tderdale, Plantation Office
_ (Name d sank)
A. Terms Of Repayrrrent: b repay are ban you have made b ms, l promise b pay b you «b your order. al your of6oes al PlalltatlOlll
Flnri da ~ are arrrorx~t a ***~tY Five ZYtousarrl and no/100*
Ls ~,..OA0.00 )bgea~er with interest from aria date at are rated 13.50 x per year. « at are rats stated trelow in pare- -
graph C. and after maturiy «defauN at are frgtrest rase allowed by law.
1'q pay thb note ss follows (Check ont):
Orr Demand - 1
i
i
C$~ fifth-nine._.mofathl~r.~ irnralrrients each a $324.58 p.~~pal and interest,begiruiinq
11/10/80
and dtp on thA tenth of each month t~rAaftP~ Lmti 1 _OCt~obea'~0,1985 when the balarlc+~
of thz .',n - » ~trhi Q t ~ Ise a h~~ t of 521.14.69_ princiF j
I represent drat aril ban is br are IoYo~wing primary Iwrpose: D1E Dd~'~: OcbDbeY' 10, 1985 (p11LS interest.) t
? 8usirress ®Persorral ~ Famrng
t3. srwkdown of Payments: .DYE
f. Loan proceeds _ = 24+696.50
2. Charges: - -
j a- popxnentary Stamp lax S 3Z5~
1 b. Ctedd Life ktsurarroe Premium S
C. CredA Life and Oisabilily Msrxance Premirxrrs S. -n-
d. Filing d~ recording fees S 16.00
e. Other charges (Describe) 50.00
~ Intangible tax
Appraisal fee s 200.00
Tote) - = 303.50
f
I~ 3. Amarnt Fnanced IND. t + too. 2) ~ ~ S 25~000.Od
I ~ a. FINANCE CHARGE-made up of: - - s 15, 701.10 _
- a. Interest S].5.701.10
b. Credo frwestigation cost S ~ _
s. Total a payments IND. s + No. 4) s . 401701-.10_
ANNUAL PERCENTAGE RATE •5~
(On demand bans. items 4 and 5 and are ANNUAL PERCENYAGE RATE are figured on are basis of a maturity of 1/2 year.)
C. Fbstirrg RsM: if aria block is drecked 1 agree drat my interest rate wiN be x above aye prime rate estabastred M you from time to time wiarout
pri« notice b me. with a minimum interest rated '~4 per year and. d appYCable. a maxirrKxn interest rate o1 °6. provided
drat the interest rate sfraN be no greater than tlrat perrrraed by Florida law. The aurent rate on my loan on the date of aria Hole and
disdostxe is x: M an ANNUAL PERCENTAGE RATE was disclosed in paragraph B. drat rate wiM increase when you raise
are interest rate and such increase wip result in an irxxease in ate ~ payment ariiorrrts « ~ ariwrcrrt due at maturity.
Any increase «deaease in are rate wia apply from are date on wtriclr you change your prime rate and are increase «decrease wdl irrxrrediatey
appy on a:e arrreM amount of my ban acrd on any future advances. a the affective rat of interest. « arey charges similar b interest. f« any period
d time. exceeds ifie unit Mowed by are laws d Florida. atl anwuMS greater Aran arose tanrfuy couec6ble as interest shaft eiaret be applied b reduce
principal «waived. in whole «part at your option.
G O. Credit and Disability Insurance: CREDIT LIFE AND CREDR LIFE AND DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR
LOAN. No such instxance wiN tre provided unless 1 sign below. Such insurance fs evadable arrough Barrlc t« the bri9th of the ban at a premium cost
of S f« credit Yfe irrstrrarrce on one person. S for joint credit Ere insurance. S for credit bre and disability insurance on one
person.
l Credit Life Insurance is desired on are life «tives ol:
IAA tr~sr date
_biAh date _ -
Credit Lire and Disability krswance is desired orr
N/A
Date Signature -
Date Signature _ -
E Security: To protect you d 1 default under aria Note and Seamy Agreement and as seaxiy f« atl moneys payable by me under aria Agreement. l give and
grant b you a seamy interest in my property descrared below and in aN aocessiorrs, accessories. substitutions. parts and equipment wtwclr are now «Iater
anaefred b such propeAy and in aA cash and non~cash proceeds d such property. AJI d the foregoing is called the "Property" in aria Noce and Seaxity
Agreement. N the ooaabral is b be «nas been attached b real estate. provide a legal dascrip6on d are realwstate and the name d are record owrrer_
~ Oescxibe Property and Location; Tnt 5, B_l pCk
~9" i vwr PaLrk Lhi_t 4: as rec~rt7ed itl Plat Bt7dc 11. -
i P~ 9 Gf thF?_ Pr~1 i,C lac+anrds cif S ar_ie f3o~ttnt=~ Florida