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ADDITIONAI. /?011EEMEI~TS AN~ lIIOVIiIONz
bMrn~?ship and Us~ of Coll~t~al. Ut S~cund) You aiso s~cures sN o( your oth~~ incNbtedr~eas and oth~r
nprts~nt tMt you own ~nd haw ooss~ssio~ ot tM obli~ations to tM Bank. whsthsi now ~xi=ting w
coltatsal. No on~ Nse tu~ sny claim painst it. You ~ncu~rsd in the futuro. exc~pt any wch Iutun
promiN not to ~+w up pos~ssion of th~ ~UUatrra! f~ obligations will nnt b~ s~+~rs~ b~r any mortga~s on
ma~r~ than tvwnty-fou~ (24) h0urs w do ~nyttwnp tMt your princi~al dv~tllin9 unless spscifically so a~r~ed by
w+M crat~ a claim apain~t Et. You promis~ to Ulu ~N yau at the t~me wct~ obli~ation is incurred. i
,
nasona~bh st~ps to pronct th~ coll~tsral t~om o~r ~
~
croditoro. to kNp it irt 9ood ropair and not to us~ it for ~ ~ Endn Bal~nc~ Du~. li yrw cion't pay tn instaliment ~
~Y o~ time'or il you break w~e of your promisss und~r this
DMaY M Enh~e~~n~nt. TM Banic can d~lsy ~oforcietp W~N^~r~t. the Benk csn rpuin you to pay at a-~ ;
sey ot its ri~hts unti~~ this aqrsem~nt without lo~irp tM ~ntirs bal~nc~ oi th~ loan (t~ss tM rofund oi ~
them. Ear sx~mRle. tM Bank can extsnd tM tirn~ ta un~arn~ 5nancs char9s to which you woukf bs
mekireQ soms peyn?tnb without ~xtsndinp otMrs. ~ntitled in ths ev~~t of prspayment) and without ;
notiiyin~ you ~n ~dvsrsce. The 8tr~k csn alro do this if '
insuranc~. You ay~ss to keep the propsrty sscurinp Y~ miss~ payment on another deb: that you owe ths ~
this ban iraund a~ainst bss a damag~. Pro~rtt? BaAk, if you made mislesdiny statements on you~ ~
insunncs is not ava+laWe from or throuyh ths 9ank. ti~P~~tion. if you t~come involved in bsnkruptcy or
You may purchsss the insurance hom anyonr that you ~n:olvency proceedings, or ii you dis.
choose. b~t you s9ree that ths poticy procee~ e~
premium robstss wili bs psid to th~ 8ank. If you don't P~y^~^t' Y°~ ca^ p~°paY ths sntirs balance oi ~
kseQ tlw propettv insurad o? pay premiums on tims. . Your loan at any time with no psnalty. Ii you do. the
ths Bank csn pay ths prsmiums tor you or cancsl tM B~^k will rebata pre-computpd tinance chargs
policy snd pst inwrance elsswhere. If ths Bank do~s punuant to the sum at the dig+ts' mathod. s t
purchass such insurancs slsswhere. it can selsct ~monty-used met~~od tor computing rebate or ~
inw~ancs which protecu only the Bsnk's interest in uneamed intsrest. There will, however, bs no rebate oi !
th~ collsterat or which protects both the Bank'* sny part of sns• loan processing fess.
intsrost and your intersst: in either cass. you a~s~ to
psy for any premiums advancsd by ths 6enk with R~P°ss~s+jon. Ths Bank can entsr your prsmises and
interest at eightea~ (189i) percent pe? ennum. You rspossess the coltateral it the entire balarsce of tha
sppoint the $~nk ss attornsyin-fsct to negotiata ano ~~n becomes due tor any rea~on or if you break any
handl~ sN matters wiih ths cArrier of sny insunr~ce on other promisa you have made under this agreement.
your p?operty, induding but not fimited to tM ~o ad~ance notice wiil De required. O~. upon requesi
endor:ement of checka and drahs. of tha Bank, you will ~Jeliver the cotlateral to the Bank
at •*_ime and plsce designated by it. ~
Cndit Lif~ Inaur~nce. You s~roA that if you nqu~st Onca the Bank has possession of tF~e callateral. it can
:.redit lih insurar?ce by si~ninp on ihe ~evsns sid~ cf
this sQnsmeM, yac acknovrNd~s your ~endsrst~c~inp se~~ ~t and apply the amount it ~ECeives to the unpaiG
batance of Your loan. The Bank will notify you at lesst
tfiat you hsw tM option of assig~ing any otMr ~Ven (7) ~ays before the sale. If the sale price does~'t
insunnq policy or poiicip that you own or may
~~n o{ ~ cover the total amount you owa, you agree to psy the
crsdit tife insursnc~ nes~ not be purchassd from ths unpaid bntance. including costs af repossession.
Bank in ordsr to oblain ths loan. storege and sa~e. and reasonable attorney's tees.
_ You agrse to reclaim anything in or on the I
@alloo~ Parmsnt. !f a ba!loon psymsnt sxisUt at reyosses~d capat~rat that isn't covered under this '
meturity and is noi ~id when due, the Bank nesd not agresrt?ent within thirty (30i tlsys ehe? repossession.
refinance the balloon p~yment. You may respplY tor p~~~~~, yW egree that the Bank can aba~don
credit to ths Bank: the Benk will considsr ths cr~dit thess items or donate thsm to charity.
applicstion ar.d loa~ in light of the Bsnk's thsn i
effactive lending standards ar.d ths 6snk's then Toul AyrNm~~t. This agreement and martg~ge (if ~
oHersd ban rate and loan ty~es. applicab;ei contain sil 01 the terms and conditions
cover~ng this loan. =1f any part ot either of ihem is
Coli~ctien Cosb. You agree to pay anY colbction unenforceable. tha remaini
ng psrts will continue valid.
costs, including reasonable ettorney's fees. if ihe $aMc ~
takes cotlecTion a.,^tion. Wsiver oi Pr~-Existi Mort ~
ng qa~~, h~otwithst~nding
the ptovis~on~ ot any pte-existing snortgege. this note
Collat~rsl S~cu~es Oth~r O~bta~. You agree that the sh~{I not be secured by any mortgage on your principat ~
collateral tor thia note describad on the rever~s sida dwelling not desrribed on the reverse side.
LEGAL DESCRIP?ION
Begin at tl~ Northvest coraer of S~ctio+~ 18, to~?ahip 36 South, Range kl East, run
Eaat along the Noreb line said SectiAa 18, Z13.39 feet to-the poiat of intersectiaa ~
of the sa3d Sectioa liae With t~e S~st right of wy liae of the Florida East C~ast i
; Bsilsray; theace run Sou~heasterly al~g ~said Esst right of way liae 444.6 feet to i
tbe potat of beg~ua~g o£ the tract hernfnafter deecribed; tbe~acs cantinue along '
sai,d East rig~t of way l~.ae 1O1.1S f~et to a point; theace run East paralleZ to said
section liae 1030.9 fcet to the iTest brat of tbe In~ian Biver; theac+e rua t~iosth~resterly
meaad~ri::.g asid xiver baak 144.2 feet to a poin~, vhich point is oa a Zine p~a~xalle?
~ to es~d Se~tiva~ line aa~l due Bas~ of the point o~ be~ianiag; thence turn and run
~Teat 1032.5 feat aa a line parallel to said Sectiroo 13ae to the point of beginning
Excepting therefroa, all easements_~or public roads aud the Intracoasta3 Naterway.
Togethsr vitb ripa~ian rigbts.
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