HomeMy WebLinkAbout0927 n~^~~~~ .~~~~~jJ j
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f~ '~n~ , 1 C~.n ROMISSORY NOTE
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R~S~\P~`S~'
$ 2,000,000 ~ ~~`20~ DATED December 16, 198~g
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~t~e~n catlb ~~Mak~~~~ p;nt1~, and ssw~vy, prom;s~(s) co pay to che order o( Sun Bank, National
Association (nKe~n cv~sd "Bank'~ ac ics onices
bc~,ted d Orlando .~ba, TWO MILLION DOLLARS-----------------
oo~uws(t~ 000 000 00---------------------------~.
to~stMr with i~t~rwt hom tAe dats hs~eof et tM rats hsrsinaRer Pr~~. in tAe Idlowiny ma~ner.
REPAYMENT SCHEDULE:
? Single Payment: Principal Due In Full On:
Interest Payable:
~I
` ? Instalment Payment (including interestl: In '
~ (No.l (Pe~iod) i
E instalments of $ comme~cing on . 19 , and on I
the same day of each successive thereafter, together with a FINA~ PAY- '
MENT of ~ due and payable on . 19
? Instatment Payme~t (plus interestl~
INoJ lPeriod)
Principal instalments of , plus interest, commencing on ,
19 , and on the same day of each successive thereafter, together
with a FINAL PAYtvtENT of S , plus accrued interest due and payable on
, 19 .
? Multiple Payment~ Principal and Interest are payable as follows:
~f~
~ ON DEMAND: Principal payable ON DEMAND with Interest paj+able Quarterly
commencing on January 1, 1986 and each Ruarter thereafter.
THE INTEREST RATE IS AS FOLI.OWS:
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~ VARIABLE INTEREST RATE. DAppl~cabie ?Not Applwabie. If appi~cabie v;e ~r;cerest ra!N s~ated nere~n sr~an trorn ume to t~me, au:a~nauca~ly
increase p decrease so that at a11 bmes it shall be equiva~ent to % over the ~nterest rate announced by Bank, from Ume to t~me, as ~ts Pr1me
Rate (any change in Pnme Rate to be effective at the beg~nning of the bus~ness day on wh~ch ~ch change ~s announcedl. Any such change ~n Pnme
Rate w~ll ~ncrease o~ decrease your per~od~c interest payment. The interest rate nereunder shau never ezcec~c3 tne maz~mum rate allowed. trom t~me .o
t~me, by law.
SERVICE FEE A Service fee of the lesser of :50.00 or 2 percent of the pnnc~pal amount of th~s ~oa~ will not be retunded ~n the event of pre-
~ paYment.
FIXED RATE ?Appl~cable at `16 per annum, simple mcerest ~No[ Appl~cabie
In the event any ~nstallment of pnncipal or interest or any part thereof ~s not pa~d when ;t bxomes due, or ~n the event of any defautt here-
~ under, the Fnncipal wm remaining unpaid hereunder, together w~th all accrued and past d~e interest thereon, shalf ~mmediately and w~th~t noUCe
become due and payaWe at the election of che hot0er at any t~me thereafcer.
Notwithstanding any rate of interest provided herein, the ~nterest rate on any paymert or payments of prircipal or interest, or any part thereo(,
i which is not made when due shal~, thereafter, be at the maximum rate allowed, from time to time, by taw You will not be enuded to a refund of any
; 52rvice fee. Minimum in'erest of s10.00 on any sirtgle payment loan or 515.00 on any ~nstalment loan will be cnargeci on Ioans not exceed~ng 550.000.
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' This note ~s ~SECURED ?UNSECURED
~ As security for the payment of this note Maker has pledged or deposited w~th 8ank and hereby grants ro Bank a secunty interest ~n tr.e foliow-
E ingproper?~rious property as described in a Mortgage Deed and Securi~ AAreement dated
February 15, 1984 as amended.
6
~ lincluding all cash, stock and other drvidends and aU rghts to wbsrnbe for secunues incident to, declared, or granced ~n connection with wch proper-
j~ ty and including any returned or unearned prem~ums from any inwranCe financed hereunderl, which property, tcx,~ther with all additions and wbsti-
! tutions hereafter pledged or depos~ted with Bank is ca~led the CollaieraL The Colla[eral is also pleck~ed as secunty for all other I~abillties (primary,
; secondary, direct, contingen*, sote, jo~nt or severall, due or to ~ecome due or which may be hereafter contracted or acqu~red, of each Maker i~nclud~ng
each Maker and any other person) to Bank. The wrrender of this note, upo~ pav~nt or otherwise, shall not affect the r~ght of Bank to reta~n the
~ Coflateral for wch otlfer Iiabilities.
€ Maker understarsds and agrees that the add~tiona! agre~ements and provis~ons n the reverse side hereof, hereby ~ncorpora[ed by refere~ce.
constitute agreements oi the Maker and a part of this note. Maker ~knowledges rece~ ot a corr~pieced copv of in~s ?Vote.
~ LBECKER L i~fG 0 O TI N
~ AD~RESS F.O. $OX 1749 ?~y~ ~ ~ EAII ~
Richafd E. Bec er, President °a'e
Ft. Pierce, FL 33454 (SEAL1
Oate
This 5pece for ~nk reco~ds only
1,997,000.00 2,000,000.00
PRO(:EEDS DOCUMENT STAM OTHER CHAHGES NOTE AMOUNT
zo~4 r,~ ~ , _ , ~ r---
~ ~ ~ ! ~ F~~r?~~ oxu!~+~!`J~RY S"A~"~ T.,~Y
OFFtCER INITtALS ~ NOTE NUMB R ACC~~I ~C'~%'C/ N TH~~'V~~'EF~
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OR V'i;L~ ~r ?a~~ TO i . _ _
3-0410-000-1 (iiev. 6/84) ~R~M ~~MENT r ! : ~._.'fT''... . ~J~
s~ i)~JT vL! PAG'~ REGi;;TRATt~`! ~;=,•iY2,:ii,J ~:.~-c:~~
` Exhibit (A)
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