HomeMy WebLinkAbout15771 6«•~1 s . o.a, t. ,. . .~,. . .~ , . . .. 1 .. .. ,... y' . • • , ~ .. . ~ ~ . , , .. . ~
pu~:1~]t 01 t.an~~e~~ tn,-~ou oM ~nr Co~~'a~r~~~, wnr~rupun BANk p~d~l ~ rf'~~~•:C(1 U~ i~~ dul~li.f~•~.} r.•.~.~,• ~.I~ ~ t ~~• •~. ~..~ tf• • i~q ~~ n.•~• J t Un~ e'~y ~'~ll ~~~
I~e!~:i~~~ w•tA ~tKwct to any Co~:otr~at s. p~rJ~~u a Iran~frr.ed. a~~d a~1 C•~•~M~re W U~~ s~r~rr yho'~ 10~ .i ~~~..~~~c,s•• ~tn~~~: ~• ~~~a p:a:~ n1 gAN-: :,r~r~• :1• ~
•~d havf i~l 111f ~~AtL O~ BANK AMCW~J-~. 1~) lo t~anfler ~nr ,n-w~• a+nr P~~~ ol ~ne p~~~rfyrd Co~~~~r•o, .n10 Inr n..n~r ~I ~~w~l o~ ~~s nonuna~t. (t~ lu
~~o~~ly 1he Ob~~qo~s o~ anr Couaie~i~ ~o ma~e pay-.~~~ 10 BANK O~ i~~r i~--UUMf du! p 10 OtCOn~t' dut tht•ro~ti, (A) to drm~nd. ~ur ~u•, co~~ecl. or m~.~
~~,y ~pmppm~se a+etiiemenl H deem~ drs~~+Me w~t~ ~e~ae~c~ 1:• ~~e Co11a~e~a1. ~~d IH to la~e po+tirse~o~ o~ co~~ro~ ul ~~~y p~0tlN13 01 IAt CO~~at!•~~
~ BANK .s ht~eby Pwe~ a 6~n upun •nd a secur~ty ~nte~es~ ~n al~ p~q~e•ly ol lsch OW~yo• no~n a at a~~y Ume hr~eet~e~ ~n tne pussrs~•o~ oi BAf~iK ~~
7^~ GiDdC~fy MVhipGtvtr, ~r-Clud~~ bul not IwnNtd to i~v ~~~nK a Shi~! O~ anY ~P~f~t, t1YS1 Or ~•nty iCCOUnI. ~S Wtut~ly 10~ tht DaYmrnt o) th~f
r.u~e_ a~d a ~~mda~ ben upon the ucw~~Y ~^~~~ess ~n au u~ch pooer~y a1 each Make~ a~ sewnW ~a thr pa~mr~~~ o~ a~~ ome~ f~ab~t~aes ol each Ma:e~ tu
BANK and BANK sha~l have tAe same ~~gh~s a~ w wc~ p~otx~W ~s ~t has w~~h reuxet ~o Ihe Co~~a~ra~ Wrdged bv ~~e lNAKEH.
5 11 BANK deems ~tseU ~nsecu.e o. upon ~ne occu~~ence ol a~~y de~ault hereunder, 6ANK shalt nave a~~ 1he .emeA~es o~ a secwed ya~~r unde~ ~nr
Un~lpm COmrt+t~cul COde 1p~'tht $tat! ut flO~~dd, and w~lnOUt ~~m~l~ng Ihe gr~t~al~ty O~ tht ~O~tgo~ng, BANK sha~~ havc IAe ~~ghj, al ~iS Opl~on, ind
w~mout ~ouce o~ demand, t0 dtd3~r IAt l~U~! amOU~t O~ th~S ~Otf iema~n~ng u~oa~d, a~d at1 o~he~ 1~ab~~~ues ol a~y Obt~gw o~ a~y o1 wch I~ab~Lt~es
uiected by BANK. ~maKd~ately due and payab~e, less any unea~ned ~n~eresl o~ o~ner charges sod anr •eba~es ~equ~red bv Iaw ht Dr~rg Me ~n~ennon
nr~eet 1~.~~ uMtr~ no a.cumsta~ces s~a~~ BANK or a~y ~o~dr~ hereot be ent~tlyd to ~ecrne at a~y t~me a~v charges no~ a~~owrd o~ {x~m~lled by taw o~
a~~r ~n~erest ~n c•cess ol Ihr maa~rtwm a~~owrd br ~awl, to u1 0~~ aga.~s1 th~s ~otr a~l mp~ty pwed.by BANK m any caVaaty to each or a~y Ob~.9o-,
wne2ne~ o~ ~ot due, a~+d aiso ~o set oll oga~~st a~~ o~her l~ab~~~ues o~ each Maker to BANK a~~ rnoney owed by BANK ~n a~~~ cauaaiy w eacn o~ eny tilake~.
a~~d B4NK sha•~ br dr:med to have e.r~t•sed wtA ~gn1 ot set oll a~d to Aave made a tha~ge aye~nst a~~ such money ~mmed~a!riy upon the occwre~~ce o~
t.,ch ~?te,.l~ tven thpugh suc-+ C-+a~sr ~s madP o~ enrrred On tAe books o! gANK wbsrpuent theieto UMrss the Co~~e~e.a~ ~Spe+~s~ob~F O~ threalrn• to
d• ,~•r.P yp~cn7dy ~n ~a~ur o~ n o/ a t~ex customa~~~r sold on a~rcoon~~ed ma.ket, BANK w~it g~ve MAKER reasonabie not~ce o~ the I~me a~d place o~ e• ~
puni~c sate tnr~eot o~ 01 p~ t~me a'~r~ wh~cn a D~•vate seir w~~~ be ne~d 7ne ~eyu~rement ol reasonab~e nouce sna~t be met ~t such nouce ~s ma~led, pos~.,?~
v~e~a~d, to a~M Ma-e• a~ tAe add~e~s 9~.en ~e!ov+ o~ at a~~v otnrr add~ess shown on ~ht reco~ds oi ~he BANK, at least ten (101 days be~o.e 1he hme of Iht
e..~r l~pon d~woe uo^ o~ any Cona-r~:~: atte~ tAr occw~rncv ol a~y de~ouU he~eu~de•, Ob1.go~s sha~l be and rema~n t~ab~e lo~ a.+v drt~c~ency, and BANK
1'~.:'~ ateo.,nt IU ti~AM,Ea ~U~ d~y SW C~~•.~. bal BA~1IK Sn,~ii hevB Iht ~~ghe ~o aoU~r a~i a any pa.~ o~ wcn w~p~~+ lu. !O h01d ihP SdTt di e~ESt~~vCl d9d~nSt
a~~~ a•~d a't o~-,C• t~abd~t~es ol e~cti ~~ ..~~ Makei to BA'~K.
e No ac~oy O~ um~iLU~i ~n the N~~t c' BA~VK ~~ t•e+cn~~~y a~r ~~y''t hereunde• sneu o~e~aie as a v.~.~e~ o~ such r~gh~ o~ u~ eny rght u~~ar~ m~s no~e No
v~.,~.c• sRah pe b~nd~~g o~ BAPlK un~r~t ~n a wnt~ng vgned Dv a~ authon~rA BANK OH~cer, a~d IAen oNy to ~he e~2en~ spec~l~ca~~y set lo~th ~he~.-~^
P~r.rntment, demand. D~~test a~d n;e~c~ of d~Shur:pr, arr hPreVy wa~vvd h~~ eac~ a~+d every Ob~~go~ TAe Ob~~go~s, ~O~~tly and se~¢ra~ly, p~O~~~se and ag•re
~o Uav ~n the event of a defauh, a~' ccs!c a~d eape~srs ~~~cu~~rd ~~ the co~~ec~.on o~ tl+~s no~e, ~ndud~~g atto~ney's ~ees eq~a~ to ~en per cent 110'~,1 of th•
v~•~~a:~a~ s~~, a wcA Ia~ge• a~nou^~ a~ mav b~ ~easo~eb~e a~A ~ust. a^(~ 3~50 MUSP COSIS. Pri{!c'nS@7 3nd dllOf~lfyS Ires ~nwned ~n auPe~~a~e proceed ~~gs
A!~ .x+~>> a~e1 u~c•-+ouns co~ta~~ed ~~ t~~s ~~s~rumrnt snall mran ar~d .nclude t~r piu~a~ as .ve~~ as ine s~~y~1a., a~~d thr maswl~ne, 1em~nine and neute~
qr.,d-• wn~nevrr and whereve~ thr conte.t so ufrn~ts ur ~eyuurs -
7 fach Obi~go~ hr.eby expre+s!y co~~cems to a~y and ali e^~e~.s~o•~s a~d ~e~er.a~s, ~n wnulr o~ ~n yart, a~~d au deleys ~n t~~ ol payment Or o~ner
~K•~'o~m.~nce wh.ch tne holdrr An~eol n...y gram or prrrtut ot _.r:~ t~mr and Irom Ume to um~ wrthou! :~m~t~t~on, dn:1.~,~ho.,~ a~~y r~ot~ce to or twth:•
w•,wn~ o~ o~y Ob~wr,. No act~on or mact~or. b~ BANK s~au d~sr•~n~gr a~~v uarty t~at~~e to. tr.r yoyment hr.eot, a~~d ihe hab~l~ly of a~~ wch pan.rs she~~
eonu~ur• u~~+d aciuat paynk•r.~ ,S rrce~.•.-:1 by t~r BANY, Yl~thout ~~n1~h~~9 Lhf• O!'nP~d~rtY O~ thr to~rqu~~~g. tt.e rrir~tie o~ d~;.:-~.+•g~ 01 a~~y Ob~.go~ sha~~ •~u~
d~uha•ae any othe+ OAl,yo~, and the reirase o~ ~m~ument o1 Coilate~al, tht taA~ng o~ a.ene:.a~ nore. to. pa~t o~ all o~ ~ndebtrJneu hr~runde~, o~ a
cn,~nne ~n thr- ~n~eresi rate. sha~1 ~ot d~u~arqe eny Ob~~r,cr.
8 i~e BANK ~s avtAOr~rrA bv al~ Qb~~y~3~5 r.ithwt nur,cN ~o .~•~~ •~1 :n.~~~: tu dote u~~s notr .,i ol tt,~~ d.,y w~~~:t ~he I,rS~ dnbu.srn:.~~~~ ot ~hP t~.,,:
ev~Aencrd hP~rby ~s mede, and to ~dl ~n dny b~~n-. ~yet~t ! we n iU Cu'.1~)rtn 10 Ihe lttms up0~~ ~vh~CA IAt• Ip,in rv~(1rnC!(1 hrrrb~ ~S n~dde
9 Bo~h p~.nc~µei enJ ~nreres: on th~s O~o~.~tiory notr e~P p.+yats~r ~n i,,:.t.,l munry ol ~he Un~:~!; $idiPti D1 AfnE~4J K~Ih!~ut '!P~luC.h~ln !c+ u~ un att~~un+
~~ a~~Y D'BSe~.t O+ fu~ure iaxes, cluues u~ otne~ [ha~ues ~ev~e': ~~~ ~m~.i,svc! nn th~1 nntC u~ rhe prc:~rr:ls, mn~e• o~ hotdr• hr•rc~ vy eny go~ornme•r:, u• ~r~y
mst-umr~~ta~~ty, autAO~ity Or pol~t~ca1 sutuf~v~s~on ~he~eo~ 41n:e~ ag•res upor. che request o( BANY, to pay al- suc~ tares, dunts and oThe• cha~yos ~n
add~uo~~ +o p~mupa~ ar~d mterest on th~s p~omnso~y note, e~c~uswe o~ Umic~1 S~a~es mcome taxes and Flo.~da ~ncome ta•es
10. TAe BANK"S rghts hereunde• and under any othe~ Secur~ty agrrement or ol~er wnt~ny Or undn a/~pbcable ~aw shall be cumulauvr. BANK at rts
op~~on may ma~e wbseque~t advances ev~denced by th~s No!e, in whKh event th~s No~e sha~l reme~n vahd and e~~or~eaL~e ~otwithstand~ng part~al or
tota~ payment, reb~~row~ng, or ~epayme~t of wms adv~ncrd hereunde'
** Fifty-Nine (59) principal payments each in the
interest, the first of said monthly principal
the 19th day of March
each month, with the fi
consisting of remaining
payable as follows:
, 19 81 , and the sar~e
nal & Sixthieth paymen
principal plus accrued
amount of $ 750.00, plus
payments wiZl be made on
amount on the same day of
t being a ballc~on nayment
interest becoming due and
This note shall bear interest from date funds are advanced hereunder at the
annual rate of 1$ above the SOUTHEAST BANK OF BROWARD COUNTY'S PRIME RATE,
in effect on each day of each month and charged upon the principal balance
from time to time outstanding te.g. if Southeast Bank of Broward County's
Pr'ime Rate is 11$, the rate charged hereunder will be 12$) and shall be
adjusted daily ann payablP on the ~ay of each month hereafter through
and including Fc+hr»arv 19rh , 9~_ at which time the entire outstandin
principal balance, together with accrued interest thereon, then shall become
due and payable; Qrovided however, that the interest rate in no event fall
below 12 $ per annum, nor shall the interest rate exceed Florida Usury
Rate as amended from time to time.
Amou~t of
Documentary S~amps
Recswred on th,s Note
S
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