HomeMy WebLinkAbout1387COLI.ATERAL MONTHLY REPAYMENT NOTE ~ ~~ ~~~;~
.~r-r''~ 4 _ 92064. OU . •
No
---- ---- M BEACH COUNTY FLORIDA J2l11 7~~ ~g ~~
The undersip~ed (~~d (t more than o~~, each of them jointly and severs11y1, heni~ called "Msker". p~omises to psy to tM order of
FIRST AMERICAN BANK OF PALM BEACH COUNTY
he~tinaher call~d "Bsnk", at any of its oi(icet (or ~t wch otMr pl~a as tM hold~r Mrwf may d~nat~1, tM
~Nf~t n+~o zt,o~,a sixt~~r_. oo/loo
.~ .~ ~OI.LARS (TOTAL OF PAYMENTS)
n~119 ~~nthly instalments of s'_ 767 •~O ~h. on the 2~th dsY. of esCh woctssi
on ~b 20 ~ 19 8i . topether witA s~AYMENT in the anwunt ot r , 67 • 20 ~ on ' J~ 2~ L 19 =3...
ill pey latt charpes not to exc~f rj p~-qrtt of th~ amount ot any principal psy nts in defsult,. All ps
shsll ii-st to interest and lawful charyes then accrued and the remaind~r to principal. The amount of this note intiudes the proceedi ot
~ ~~ . amps 64.65
~ 43d00. ~ , credit life insura~ce premium of s N/A s othe~ cAarges (Destr~
of S~ 64.65 ~(rewlting in an AMOUNT FINANCE OF S 1 plus a FINANCE CHARGE of 48999_ 3S ~
~ ' 48949.35 50.00
(which amount includes interest ot , a 'Liow gation cost of s - rewlting in an
ANNUAI PERCENTAGE RAT f 17 •~ . The M~ker has the right to prepay this loan in full and obtain a replte of the unearned portion ot tAe
inierest and ur.dit lite inwrance pre puted under the "Sum ot the Digits" method.
As used he~e~n the te-m "Collatera!" shall mean and include the following property which has been or is hereby pledged, assigned
or conveyed to, or depos~ted wdh the Bank
• . , . . 1'b~~g~._~_L~.4~l~~if.h.tht.._~lsrk of the ~itsuit--_ - - ---------- ---
<+nd an and all other ~~t ~ri- 8II~_-fD=-~C. ~11C~C- F~.Ot~a.- ---- -- -. . -- - - -.
y prope-iy o/ every kind Or destriptFon now or here fter In tAe possession or under the control ot Bank ~o- any
-eason, together with all add~tions and substitutions hereaiter pfedged to or deposited witA Bank, and including all tash, stock and
r,ther dividends and aU rights to subscribe for securities incident to, declared, or grsnted in connection with any peoperty herein above
~fescribed or relened to. As used herein "l~abiLty" or'liabilities" means and includes this note and all obligations and liabilities (primary,
~.ecortdary, di~ect cont~ngent, sole. ~oint or several), due or to Decome due or which may be herea(ter contracteA or acQuired ot eath
-.1.3ke~ (including any Maker ancl any other person) to Bank. Maker warrants and ag~ees tFat Bank has and shafl have a lien upon, security
t~tle to and a security interest in afl the Callateral as security /or the payment of this note and all liabi6ties, including any extensions,
~enewals or changes in form of anv thereo/. The su-rende- of thfs note, upon payment or utherwise, shalt not aHect the right of Bank to
~etain the Collateral lor anv other fiab:lities.
CRE01T tlf E AND CREDIi L:i E 3 nISAEtiUTY INSURANCE ARE VOLUNTARY AND NOT REQUIREO FOR CREOIT Such insurance coverste is avaAaWe at tM
:.t dcs~gn~tcd Aefow fu. th~ te~rr. ot the c.ed~t te) ~_ ~~~__ _--_ fo~ Ged~t lde tnsuranc• lb) 1 ~f~ /or C.Md L~fe 3 D~zsbl~ty Insurance
~ ~~Kk ( l C edd l~le Inswan:.e ~s AesvM on the Ide o1 __ fn B~AAdate
~I'nl. ~~ Crtal~t L~fe 6 G'~~eh~t~ty trtiu~ance i+ JP~ned un A
F~~iR ~
~ Crod1d Lile and. o~ D~saGd~ty Insur.~nce ~S nM Ats~red ~/ y//~ ~ ~~ ~
Uetel_ t1~n 7 ~ G71 (J~qoalurel~ -- - -- _ - - - ~ ~.{~,J /1•a/~p'~~z~ V1~S./+~~
Add~tions to, reduct~ons or releases or eYC~anges . Dr's s}or th~ Co~lateral. payment8'8P-~~t iD~'1-!f~'~oan o~ increasef of tAs ssm•
~ r otber Iwns made paR~atly or wholly upon IAe Cotl.+te~at, m0y /ro.n tlm~ to tim~ De maAs rrthout a/te~hng the Drovisioes of thls note. Bank shall
.iercise reasonaCte care in ihe custody anA or~se.vat~on o1 th~ Co1~sNrs1 to tb~ ~~tent reqmred Dy appbcaDle statute, and shall De dee.n~d to hav~ -
~.rused rNSOnab~e cere if d takes such acbon for that purposa as wlal[~- shalt ressonaDly rcquest m Mrit~ng, but no omiss~cn to ao- any sct not
.equesled by Maker sRall be deemed a tadure to exercise ~easonaDla can, and no omns:on to cwnply wit~~ any ~eqwst of Maker shall o/ ~tsdt be
"eemed a la~turc to e.ercise re.~:onable care. Bank sfialt not be bpund to take an~~ steps necessary t^ preserve any +iRhts in the Collateral agssnst
.•:or paA~es and MaMer shaft lake all necessary iteps tor such puryoses. Bank or its nom~nee neeA r.ot collect ~Merrat o~ or prinupat of any Cot
~trral or g~ve any not~ce w~th respecf to d. t1 the Cotlate.al shall at any time become unsati~factory to Bsnk, Maker shall with~n une day aRer Ae-
~..+nd pledgt and depos~t wdb Bank :.s pa~t. of th• Coilateral additionsl prppeAy wh~cA ~s ssUsh_,.tory to Bank. ~
Bank iti ~ercby g~.antrf ~ tiecu.dy +nterest in all property oI eMA Obl~~or (which term :ha~i me~~ anA ~nclude ~each Nake~, mdorse•. surety anQ
,~i,..rantor ol lAis ndel now or at a~y [~me her«efter ~n t~e possss3ion of Bank in any capaaty w~.itsoever metu<Lng G~t ~pt I~.~~tcd to any Dala~c•
~~ sAare ol any depos~t, t~ust. or agency accc~unf, as secwdy tor tM payment o1 this note, and a s~rr.~~ar ;ecuniy !nterast ~~~. all such prope~ty o(
~,arh Makrr as security fo~ the payment o1 a!I olher I~aWhUes: and 8snk sAall Aaw th! same ~~ght~ as to suc~ prepeRr as ~f h~s w~th iespect to
~• Co!l..teral The hn:~!e• nt ;h~s ~ote may ,~t any h~~e, w.^.etl~e~ or not th~s note nae maturM~ cAargs any ~rtAeC!e~lnesz repreter.ted by th~a note aga~nst e~r
~:ui~t e•_auun!. K~•rr~.d or tipe~~~..1 0! .iny obl~(tor Aerron ~e!~irnu~g enf u.^.td~r:e%~ ~n[ettnt Or A~: Ount. bt~i Id~i~~r! tC dpDlr any pdrt J~ d!1 01 sde7 a[C!;~~~1
~lh~~ notr o> to enl~,r,_e .ir.y nf !hr ngAis h~+ein g~ven the ho'Ger s~all not atfect lhe t~aD~l~ty a/ any ob'~go• hereon
Bor~ower wfll at all tir.~es keep the collatarsl insunxf ag~inst Ioss, harnaqe, t~eft, and such o:~er rlsks as Secure~l FartY maY re~~uire. Thn ~ank Aons
! seliclt tof nor ~ecorn~nend any lnsuranca campany. T RP rholce ot Insurance companiei is the Ohligur's alone. 8or~owei neret,~• grants to bank a
~:•.tity IntefeSt in any retumecl o- uneamed p~e~ntutns ffom any insurance financed h9reunder.
9.~nk shall bave G~:t shall :eM Ae I~m~teA io the (ctlow]ng r~ghtp, each of whlch may be e.e.dsM at anY t~me w^ether or not thit note ~s d::e
.~ to p~Fdge ar transf~. th~s note and the Cc!tateret and 8enk shall the•eupun be ~e••e:eA ot atl duhet a~n *•e~::r.s A.I•bes ne.eunQ~~ .i~d •e'~r,reA
•- ~m a~y enQ aIt I~rDddy with resDrct to ariy Co:;etrrat sn p~e,rge,} r.r t.ans/e~red and anj~ pleAgee ~+r tra: s~r.~• ~^•~; }~. a".1 purpotes St+^w ~!n•
~...:t o} Eank her~~nAl~ end ha.e .~Il the .:gAts of B~n: nrreu^der- ~:i K, trenif~r t~e Nl~ol~ o+ .~r~Y L.~r! u~ tle C~:'~ete•,~! ~. ,. Tfie na^~e -~f •~.t'f ~.~r "
. nomtnee; (3) fo vote thr C~.I:atrraF ~1) to ~otrfy the r.bhgcn on 3n~ C~,'•.~tera' to n~.~Fe payn~~+^t t^ P.. %~ t a~p a^ ~~..•tti ~u~ o• •- bec ,^*• :!~~e
~•~~~on; (S) t0 Aemand. se.e (or, cc,liKt. o~ make d~~ :unepr~!r.ise cr sethement •t .^.ee~:~s ces~~aA'e ~~th r.f..:n • t~ 1t.• ~_..~t~ra' .,~~•t .f,) t~- C.~Me
~~~.•,erinn and control of any ~.oc.~eds cl f.otlaterat
TRe happen~ng uf .,~~y of tnr /oUow~ng events ~hat~ ccr~s!~t~ta a ~e~~~'t hereur6cr~ 'a) ta~ture c{ ~+~y ~",~:R^~ '•= pa~ ir /ut! .+ry i~.sta~~+ent
[~;aLle hereunJer pro:nptly when ~t Le-omes d~e: Di 1aJ:,re of any Qp::go~ to pay ~~ tu~s when A~e .~-y ^ ~'tr!^•.•. .'.'ig.+t~~n, c~ 1~nt i- t> Ela-~~
~!•etsce:e~, or any imtalmrnt tt,r~enf or ~nlerett the;enn~ ~- ) fa,lu~e o1 art~ GG g~~r to ~~~er~~ •. .+rv aR•~~~•-.-~-~t !.•r r~'.e~ ..~ !ho •'~e!h o ~n~ ~'r ~~R~~~
n, ~r1 06:~g01 bKOm~s b~S~.~~Pr.t ~r eny ~:sui~e~C/ p~fxre:ing5 !35 SA~d [ert15 ~nS`.~1.e~T" ~'~.: ..,,'.e• y. ~=ec•:rgy .f~e .;~I~r~r.! t`•e ....,:-m
~n~~erc~al CodeS arr r: ;htuted or m...7e t~ rr fqa~nst any ~Ghgor, or apuhca!~^^ 1ur !he aPt ,rnert .,f a•r e~_e• 1-.• .e^.~ •~t.' R~r c• ~:• a^i ~~ tRe
•.etS of any Obt.h^r, ifi the ~ssu~~~g of any .itta~nm~nt nr qam~shment, o~ the f Arg n1 en~ i~r~ •.ga~~~st w~y ~• .Lp''+ ^~ ~•~. ~"~''R~~~
II at eny bme any wo.r.~nt r~p•eser.taf:cr c~rt~h~.ate ~~r statement ~+~ a^./ OG~ ge• ..~rt`~r• ~ ; t.~+r n, ~ th•• r~ te ~~. ~:!~ ue•ta~~ +~g to c~ ~~
•r.e~ttion wdh this nnte ~ the l:; in r,r c.edd r:~derr e6 ~y t~is note, is not true. or ua.~n b~~.e ! ap:.~~+~• q~~ e^y r~r.~~! ~~' !~+n ~ t as Jet:^r-S !-~r•e n
~f B+nK at any Lmt (eels ~n~ru.e for .any r~rs•.~~n whatsot:e. (ij t~e en;.re arnount cA 7h~c r,te ~en,a~~.~.~g ,. N , ~~ct 'nr . .. . ~/ any ..•ne••^M
~~~rr.t or diX~iur.t and r~~ r~•t..stes re7u~red A~f ~.~•. St'.n!t Lr._.,~-e dua 3n!S GdjdGl! !ort/,,,~ th •,r t•-.rr~.~t~. ..r tn. ~,~.t ;^ nf t~r N~-•~ :.«~!h.~ut ne!•ce
~~:rrciend ienA in f~o evrrtt enA u~~Aer no urc umStan'eS Shn'~ Bank Ot 3ny he:"!• he•e~:~ t~P eret~:.r~• ! r•t .• tr: tq ,. ~~it~1 .~ -•.~"t~) ~^te~lSt u~
~! rr cF.a:Keti. anA ,n na rvent a^~e} ~r.~itr ~ no cir~umstnnres sAa~l BanM o~ any Yr.ider G~~tc,f (;. rntrt«~t /+w~~ .• :'.e• tc. .r~ ~.~ ... .~' ~ t~~~e n^~ c~J~1s
t e!lowtd oi pr.n+itted !?y t.~w or an~ ~nttrest nr ~ntr~e~t rate ~n e~ctst !~f the maaimum s n.we~ C/ !aw , ~„ P::'k •~~~.+; af !s ~p!.+'~, thl~lupC~
lArre~Re~ A~~lert JII c21~~r LaC~~~het, o~ drry pf tne~• seihtld b/ 3nr.M ~n~~ta~fhStend~r.R e^r- Vr`+is~or5 t~~r•t-~' .~r •-~l~rdtv'~ Q~.t a"u ; naD•a
-'i.out dern.fnd or no~~ce et ary F~nA (b~t w+tl~ •uch a•SiusHnentS. i( any, w~tA resplct t0 an~ :nte~t~t ~r nt.'~r_~ -harK:cnas ~++a~ be pr~„AC~ ~or 'c
~- D~crr?2ssory nMe o~ c.tter wnt~r.g er~~eoc.^.q s,cn I.at~e,ty. (,nl Bark sh.til have anQ m.i~ e-e~c.se «~t~~:.~;t .:~ma:~; s••~ .,•? .fie !re r,gyts er^
t~•~ed~es gnnted to a se<~~reA pe~t~ :,t~nn ~:ef~u:t .;+~Aer the Umform Canmen~al Code or ;tne~w~u a~a.ta:r~e to Fie~~k ~~m_',~d:~~~q thr.ss a.a.la~!e
^dti any wntten ~t~~tr~iner~t ~n eh.74n.n tu th~ti np!e rr:,tt~r.g t0 dny d the I~ab~IrLls G~ dny sKUnty ttr~•efr~ri d~Q. ••~~~ut ~"r~t~ng U,! ger.l~.:'~1.
~ Ihe /oregrnng, U.~r.k ~.:iall heve !he ~iK~t. ~~,~nen~a!e!y anJ without turther acUo~ by ~t. to set otf aga~nst tA~s ~~:e alt ~~icney cwed Dy Ban-
.•nv capacrty 2o r.+~ h or any qna•g~~. «h.;be• or rot due, and atso to set o1f aga~nst a~~ otne. i~aD:~•tec of each Maeer to Ban~ a~~ mc~er ewed
; Uank in any cdp~~=~ty to ~•nrh or .ir.i Ma4e~ ard. E~.+~ik sha'1 De deemed to ha.• e.err,tM such nght of sei o1t and to hare ma'•E a thar`e ~grnst
•.f zucF. mcney ~rn~:ra~ate•ly up~~n :he o_~ :ure~~.e ol wr_n Cebult or otht~ event evt^ !hc..gh s~nc ~*arge +s ~u~fe or ertered on t~~e hocks o! Ba~w
~,Dsrquent thereto. .~nd ~~.} the Obl;gr,rs ~~.~ntl, ana se~era~i~, prom~se snd agree ta pay al1 e~penaes of Aank m the cW+ect~en of t~~s nete an~ In
~he enlo.cement of nghts hereunder and ~n the en(crceT.ent o1 nghts un6ar or w~(A resDect to any ol the Couateral ~nUuJ~~6 •easer,abl• sttorr.~ys'
t~es Any prnceeds of any f.ullateral or of a^p d~spos~Lon ot any follateral may be appb~d by Bank !o tAe payment of e+penset ~n cenn~cGOn w~th
!he COliateral, mclud~ng reascn.,ble attomeys' fees a~d iegal eaper.ses If any noNh~at~On O1 ~ntenCed C~sp•~s~t~on ot any eI tht ~:~:~atersl is rtauirld
[,y taw. all r.~uirements nf reewnetle ou!:ce shall be mef a^d such not~ce shalt be ~eemed pruperly q~.en, ~f at ttast t~.e days Getcre suct C~sposi~
r~„n sucA not+ce ~s served on the Maker in tr,e mar.ne~ Feran D~ovided Up~n dispos~GOn of any Coliatc~:,! Mawer ~~a~s ~e and ~~main pab!e !or
any defiuency; and ~ank s~at1 acc~ur~t to Mawer for any surples, but Bank shsll have the n~At to aDV~Y a~t o• any part of euch su•pius to tA• D~Y~
ment o! any baWbt~es .vhether a. ~ut thef, w any ol them, be t~en dw, snd m sucA order of appi~:al•on as Bsnk may from br~• to brrN el~ct.
No Oelay or om~ss~on o.~ the part ot Bank ~n e,erus~ng any ri~At A~reund~t shall op~rat• •s s wav~r of sucA n~M or of sny other nsht und~r
tA~s note. If more tAan ons paAy sh.~tlexaculetAis note, the te.m "Mak~r' sAall m~an all part~es s~tnfnt tA~s note and eacA of then~. jo+nt~y snC s~v~
e~ally_ As used herem, the s~ngular shall ~ncluAe the plural and th~ plural shall rrNS~ and ~nclud~ th• s~n~~lar; anA any pronoun. or wAat~v~r
gend~r, shall include all ge~de~s. Any not~ce to Maker shall De suH~ci~ntly sened fo. all purposes ~f plscM in tM mail, posts~~ pr~psld.
aAOnss~d to. or idt upon the prem~us at, the addr~ss sAown h~reon or snr dA~r ~ddr~ss spp~arin~ on Bank's r~cwds.
Mak~r xlu~ovrled~~s nce~pt of a comD~eted copy o! thls not~ on tM sbov~ d~t~.
5211 Feathec Creek Drive 513143 /~~' ~/
ADQREee.
• A,LEZ ~ '
!~y
Ft. Pierce, Plorida, 33~~ ~ 5 ~ " •., ,,, •,,,~ /,,,.~ ~. ~ ,suU ~
~ Thereea Ros~en '
'-~ C at+c f~ cU~+nt D ~ ,~ '
" A. ?
R06ER POITRAS c~Q '
, cIERK c~RCU~T cnuaT p ~~3~s p~~iJO`~ ;
~ kf Ct'4P t~t:: ~r :t r. --- ~7 ~ .
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