HomeMy WebLinkAbout1594 iNSTAtIMENt NOTE , . N006 ;
' . i;~.: (SecurRd and Unsecur~d) ~
~ ~~t.d: M~~'._:~, 19 75- Du~: ,May 26t~ ~ 1977 , g 5,715.60 ;
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: '~iert~T^€~ ~24~'•2lcinths-•-~• _ FINANCE _ 611.15
~e. date the uncc+s+ge.e~ +~w.~er catied ~err-~s4yc~ an~ seve~aliy C~Ra~ 8 7U t
- ac-~..mise(s) far vaiva recr;venxQ~r~r xs ~fae order ~cf ,l~o l~ach dank here- ~~~tary i ~ • . :
~ ~e**er called Ban~, as ia ~i~ ~c~.r 3w~34 fia.id~-it~•wrtr.of (iota! ~ :aamp~ _ • - ,
a me t • . . : • - . , Credit life (or ttfe . 85. 7 $ ~ i;
' : ~ it~e ~~otis 2~c: s~ e~ ~~i
~e~~ii~"'-.- ~ ~ Di:abUit~~lq#.S ~
' _ ?~~~.QO---- - pollan ' E {)•~:U.`.!~~~? ,T~Y ! _ . , ACH~i`
~ 1~ ~.4_:_. : _..:.~~~:.Y ~ ~c~iMr (itemize) ~U;tlFctc.,.,~~ : ~ C~NCCLI.EU ~
' - ~.•M intertst thereon at !hs rete of s 96 -pe~~ arx+ssn.=b11'paysbl i~ ~ ~ , ~
; 24_ mo+,rh~y ~~+~,.m: of 3_~.~~5_~~ach rr,:~2~:~ji oF LOAN FESS s,~"?~:TSII.- -
-+ech suaessive month c~rrrnencin on + 14_--~fap~with ' • . . . ~ '
- a BAILOON PAYMEN? Of 3:~ ~ONE ~ pue • . • _:19 • • . ~ AMOUN'f - - ~ • ~ . ' •t
_ V_._~ HNANGED ' _ ±~~+Q94.45 'i ~ ;
A fine computed at tfie rat~ oF S.05 per s1.00 on each tnstellmenf iri deFwtf for ' 1~~~~h . l4
a period in excess of }0 dey~ msy ba charged the Maker. No such fl~~ ihail exc+eett ~ •
$5.00. Maker is required to pay sll co~ls of collection; includinq a-reasonabfrattor- ' ~~^in~' ~ , ;
' ney's fee if roferred for wliection or le9al p~oceedin9s. Atl payment~, whetMr prin- ' ~ . , _ ~ ~ , ~ _ . . ' ' - ' • ~ ~
cipal, Intere;t or atherwis~. not recslved when dw sh~ll bear interost'at 10Y. per ' S'--' ~11.3~ `-:1":`.~,
~ annum trom due date until paid. All payments mede herounder shall=be.cndit*d ' ANNUAL ~ERCfIdTAGE RA?'E ~-x
first to Tnterest, then to lawful charQss then ~cwved, ar.d last to princ(pal. - -
If the toan ts prepaid in full, aael~retsd or refinanc~d, the Mak~r ~hall n~of tM d*t~ of wch tvent rKSiw uxh nfund of tM un~...' ` ~
earned portion of tha credil tife insurance premium and fjnance ~harge and suth other aedit as may be rpuirsd by Itw er p n~y bt
necess~ry te avoid usury, provided that the Holder m+y r~tein a minimum .finurcs ch~~ of =25.00, wh~ttr~r or not otMrrvia~.~a~n~d,
and excepl in ths case of a rsfinanctny no finance char~s or premTum refurx! shali b~ m~d~ if it arrwuMs to ltst than =1.00. Rttsn~ion
of any minimum financs shall bs tn addition ro servics charge If any.. Any IanflusQs tis~whtr~ Mtain to tM eonttst~r e~o~twi~iut~ndt~sq;:=,',
neither Bank nor any holder hereof shall receive or rotalrt any_charge•or int~rost rtot albw+d:6~ Itw. _
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As security for ths payment of this note Make~ has pledy~d or depositsd witfi Bank tM fvllowi •propertyc.~~• - 4
~ R~AL ESTATE-SECOND MORTGAGS-HOME IMPROVEMENT LOAI~ , ~ - - - : -
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• . - - , ---i ~ 't _.:i~._ ~'t ~;t • '
. . . • i ^1~I~ti fi, ~ 1~! ~ ' ~ .t_v., ,~r:;3;~~ r .
~ ' ; . _ . . ,{t ~ t:
(indudiny all cash, stocic and olher dividends end ~all'iTyhts to-subscribe for.secvrities inddeM To, dscisnd or qraMd in cvnn~etio~t w~•~~ :'2~',^
such property), which property, together wit~ all additioni and ivbstitution~ hereafter pladged w d~posited with Bank is ull~d tM Col- '
• Iateral. The Collaterol is alsopledged as security_fo~=slEother•Iiebilities:to~Bank, (prlmary, seoondary, ditect, corttinp~M, iol~, jo[nt•or,~;~~=-i=j~
_ uvereq, dw or to betoms dv~ or which may be hertaHer rnntracte~,o~ acquired;,of ~~ch Mtka (or_of ssch Mak~r ~nd~a~y otMs p~t• t:';+
son) The surnnder cf this note, upon payment-or.otheiwiss,'sha~l~not~affect„ihe'ri~ht of_8ank to-tstein•iM Col1iM?al;for suth ofh~t •t."- •~f -^~,t~
• liabilitias. • . . . -iji~=~iEi~~ !jl---_1j} ~ iji"'-;~!• ,i;~ ~ -?ii'-'~je- --~iF ~ ~~3^
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- • = • ~ CREOIT~ IIFE AND GREDIT UFE d~ ~ISABILITY=.INSURANCE ARE =YOIUNTAR'1f~°AND ~¢aT :i~U1RED, FOR CREDIT:~•: Such '
'ina~irsr~c~~':; ~ { ~ ~
- coverags is avellable at the cost dssi9natad balow~foLthejerm of:the',crodit:• (a),= • - ~•-C~dit.Uh 4~--_•"~' i,
. " st~rance (N).~.• "•'^far`CrcdH'.t~~wd.-~7isa,is'.Ity~tr.surir~cs:.'~ - - _ l~f= JI3-.
~ 'U,eck . ~ - : w s!-1~(~~1-:j1 t t :,~.=.i:~~ ' - ~i~ t t.._ t t,
_ APPI. ~ Cndit Lif~ Ituurarxe is desired c+n:th~~ltfh;o£~. ,•;;-Cl~ffo'rd'yCOlC~I'e11 ~ ~ . ~ ` ~r~w i~-~ ~
; soX • ~ :r: ~ .._.-~~t'..~'~lt~ :•Juine~~~6~~;~922~~-i~._ - ~
- • . , . " =Btrthdafet'~ i. "•ii= ~'+I~'" te :i•,~,-~ ~•~}I•`
'E,.
p.Credit life d~~Djsabtlity Insurantt Is desireel'on 1j1-;-diS-!'#: -fPr~~.:;~ •~tr.;j~w''-,= ^e.....{: _~~-:.~:r~'-
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_ Q~Creclit- lifs a~sd/or Disability Insuranca ti o d~ ir 3' ' " ,
- Date: May _22~ 1975 . Ss9~ar~'e ~ ~ - _ - ~
- - ~ _ _ . ~ 1 r .CO , . • - . ~~:~t-~fi'=,i~ ~~i~"'.S'
• - ~ii Stgnaturs•~ ~ . ~ ~ ...,~i~ ~ ~ • , _ %t~"'~s: =-~~tt'= 't _~~'j `°i~,
. . ~ . ~ ,t ~ ~
~ Additioni~to, reductionsor exchanyes of,~or'suEnYfutions for-lhe~Collateral;`payments'on aaourtt of this.loen or Incrtaits'of"tfic-'.::..--'r;e _
_ same, or other toans made partially or wholly- upon Ihe Collateral; may fr~m time to tims be mads without affecting the provisions
of this note.- 3ank shall exercise reesonable care in rF~e custocly"and'preservatton of the Collateral to the extent required by applicabla
stalute, and shall be deeme~d to have exercised reasan~bte.care if i1 takes such acTion for ihat purpoae aa Maker shall reasonably requesi-~. "•~F;;~~
in w~iting, but no omiuio~ to do any ad not requested by Maker shall'bs`deemed a failure to exerciss reasonsble ore, ~nd no~omir~.=.~_` ~
sion to comply with any request of Maker sha{1 of-itselE:be~deerned a failure to ~xercise rcasonabla rarc. Banlc •,hail not bs bovnd ta :
take a~y steps necesury to ~+reserve any ri~hts -in tha Cullateral agair.st prior parPies and Maker shal) taks all neceuary stsp~ for such -
purposes. Bank or its nomir.ee need not co lect intereet on or principal of any Collateral or givs sny notio~ with rtsp~ci to tt.
~ If the Collateral shall at any time become unsatisfactory to Bank, Maker shall within ona day aftpr derttand p~edye snd depostt~
with Bank as part of the Collaterol additional prcperty which is satisfactory to Bank . , - _ _ - . = . : ~ -
. If Bbnk deems itself insrcure, ~r upon. the happening of arry af the following events, exh of wf~ich shal! constitute a defauk herc-~~
_ under, all liabilities of each Maker fo Bank shall theroupon or thereafter, at the option of Bar.k, wititout notiea or demand, l~coms duo = g
and payrble: (a) the failure of any Obligor (which term shall mean and ir.clude each Maker, enclorser, suraty, and 9usr~ntor of this
note) to perform any agreement hereunder, to pay interait hereon within ten days aftar it is due, or if rhero be no dw dare, afMr it
: ~ is billed or otherwise requested or demanded, to pay any other Iiability whatsoever to Hank wMn dus; (h) tM de~th of any Obliport s
, (c) the filing of any petition under the Bankruptcy Ad, or any similar federal or state statuts, by orag ainst ~ny Obli9or= (d) an apaica- ~'-:;1
tion for tM appoinlment of a raceiter for, the making of a enerot assiqnment for the benefR of creditors Dp, ~ tfie irtsolvancy of s
Obligor, (e) the entry of a judgement against any Obti9or, the issuing of any at~achmant or gamishment, er the filinq of any let~~, ~
• against any pro,xrry of any Obligor; (g) tne taking of possession of any substaniial pa?t of th~ piop~rty of sny Obli9or af th~ inshnt~,- _
of any govemmental authority; (h) the dissolution, rtierger, consolidation; or ~eoryanization of anyr Obliqor, (i) the assiynmtnt by eny
Maker of arty equity in any of the CoOater~l without th~ written consent of th~ Bank. Eech Obfigor heroby wa'~ves any rcqvir~mertt of ; _r ;
~ notite or demsnd reflecting such accaleration insofar as such raquirement be in addition to the rrnro exercis~ of arty rcmtdy affordtd in
this Not~ or tha institution of suir by the then holder. ' ~ ' . - _ : _ - . - . . . . • . . . • - '
- Bank shall have, but shall not be limited to,~the following rights; eech of~ which may be exerc3s*d at any Hms whether or riot lhls
note is due: (7 to pledge or iransfer this note and the Collateral and Bank shall theroupon be relieved of all dvfiss and responsibtlities
hereunder and relieved f~om any and all liability with respect to any Collaferol so pledged or transferred, and eny pledgee or traru- -
- feree shall for all purposes stand in the plxe of Bank hareunder ar.~ have al! the rights of Bank heraunder, (ii) to frensfer tfie wfiol~
o~ any part of the Collateral into the name of itself or its nominee; (iii) to vota the Collateral; (iv) to notify the Obiiflors of any Cpl- -
lateral to make payment to Bank of any amounts due or to become due thereon; (v) to demertd, sus for, mlled, cr make any compro-
mise or seHlement it deems d~sirable with refererxe to the Collateral; and (vi) to take control of arsy proceeds of Collstcral. _ - ;
' Bank ie ~ereby given a fien upon and a security interest in all property of exh Obligor now or, at any time hereafter in tl~ pos- - i
' sessivn of Bank in any capac+ty whatsoever, irxluding but not limited to any bals~ce or share of arry depofit, tnnt, w ag~ency artolM, '
as the secvrity for ihe paymeni of this note, and s similar lien upon and security iniercsl in sl! suctipr operty af each Maksr as ssceirity - ~
for the peyment of all other liabilities of each Maker to Bank (including iieb+lities of each Maker arid any ather p~rson} and Bank shdt _ ~
hnve the sama rights as to such properry as it has with respect to tha Collatera~_ ' '
If Bank decros itself insecure or upon the oaurrence of any default herevnder Bank shat{ hs+~s the fweclasurc and otfier remedies •
of a setured parry under the Uniform Commercial Cvde, or other applicable lew and, without Gmitirrg 1he generoliy of tF~ foregoirr~, _ '
Bank shall have the right, immediately and without further action by it, to set off against this not~ sll rtwney owed bp Bsnk ln any p- -
pacity ta each or any Maker; and if such set off shall cKCVr, Bank sFatl be deemed to have exercisad such r'rght of set oEf and to havo i
made a charge against bn•,r such money immediately upon the occurrence of svch deFauls even thouflh such charge is made w entcnd
on the books of Bank suh~requenl ihereto. Unless the Col(aterol fs perishah'e or threalens to declirte spsedily in velus or is of s typs - -
customarily sold on a recognized market, Bank will give Maker reawnable noticc of thr time anJ plaoe of eny publie ssle thereof o~ af :
the time aRer v~hich ..iy privare sale or any other intended disposition thereof is to be made. The requiroment of teasona@le notiu sh~ll
be met if such natice is mailed, postage prepaid, to any Maker at th.e addreu given below ar at arry oti-.er eddrcss shown on th~ r~t_
- ords of ihe Bank, at la-st five days before the tim•s of the sate or dispes~tion. Upon dispositian of ~ny Colleteral after Sh~ accurterx^~ ~ l
of any default hereunder, Maker- shall be and remain liabla for a~ :efiderxy; and Sank shall aaovM to Msker for se+~r suraltn, bvr 3
, Bank shall have the right to apply all or any part of such surptus (or ta ho{d tt?~ same aa a~essrve aqainstj any and s11 ct~tr tisbit%ti~s
! _ of each or any Maker to Bank. - = = - _ • - - : - - - - - _
~ No delay or omission on the pan of Bank in` exeras'Fng an~ rigM hereur~der sl,alf o~rs~s ss s waiver of wch riqht o? a{ any a•}»r
' right un~rr this note. Prese~:'mer t, demand, protest, natica. ot citshoror, and ex!ens:on of timt wiffiout rwtiae srs hersbyr waived by ~
each rn~ ~very Obligor. Th. Jbligors, j~~intly and ae,rsrally; Rromne ~~?d agreero pay afkmsts of collaction ~nd nsso~able atto•~n'
~~es !not 1=.ss +nan 10% of tne principal sum) incurred er-paid by Bank in errforcinq this note upon tfi~ occurt~ne~ of ::.Y d~fsv~t. M~:~
Any i.otice to Alaker shall be u fficiently strved Eor alt ~urposes if -kh ~~or? or ptscxd i~e tha m~i~, pstay~ prs~id, ac{dnssed ;a ~ht `
premises at the address shawn below or ary aHesr addr~ss shawn ors Bank's rrco~ds. = . = -
_ • Y/herever this note is ezecvted tr~ a oarrsateer or encwser who is tfis wifis aFamake~r w er+dwser, tfi~ satd vrife do~t Mrsb~r ~r-. 1.
pressly ackno~vledpe the within debt as her ~c~n? arMi:ndividwl-debt..-.- - ' _
'
_ Each of Maker acknovriedges reoeipt of a cartspJwted`copy of this No q ~ '
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- Addreu:iOZO9__S. Indian River Drive lff ~ o en ~~n~'~R~u
~ ~ . eoa~. = 3$E'i P~';~17~
_ ~t. Pierce Fia. 33450 ~X C~.~
u ti V.: Coldren - ft E'a,~t~~
- ,o...~.~,~- BOOK ~ PdGE15~ . _ ~ - - . _ ' - ~ : . ~
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