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HomeMy WebLinkAbout2101 ' DISCLOSURR~ NOTE FOR INSTALLMENT LOANS Jar ~ ~ IAI Arraunt Received s iSe~•~ SANK NAME 181 Premium fa Credit ~a . file/pisebility~lns. s j!» D ~e ~tLdi ii~S7 lCl Docutrtenta?y Stampt s OFFIC AOORESS IDI Other Charges (itemise) s IEl s NOTE NO. OATEO: ~ , 18 » lFl ~ s IGI Amount Financed Zse~•~ ~ ~ fg h , IA, B, C, 0, E,.FI s DUE: ~ ~ lH1 Interest s PLACE: 1~ .FLORIDA 111 Credit Investigation s IJI Other s For value received, tM undersgned (hereinafter a1Nd "Maker") jointly and severally (if lKl _ more than oM1 promise t0 pay to nk, at iq office listed above, thsy~ts1 of Payments (from (N) at right) of Oollarspaysble in 7~ l~l s lMl FINANCE CHARGE equal monthly installments of ,the first ~e~~•~ IH, 1, J, K, Li s ~nst ~t~~r~e~~?t dVe on , 19_, end wbsequent installments dw on iN) Total of Payments (G + M) s~~~~_ the~'~^tlay Qf each nwnth thereafter, together with a FINAL eA~LOON PAYMENT OF: gNNUAL PERCENTAGE RATE • % S ~V~ OUE .19 The Bank shall imposes a dNitquertcy charge apeinst tM Maker nn anY payment which has become due and remains in detsult for a period in expa Of 16 days in an amount pual to ILK of the amount of the principal Pa• of tM payment in defwlt. In tM event that tM Note is not paid in full et maturity, all pay manta, whether principal, interest or otherwise. sltMl bear interes, at tM maximum Nltal rate allowed under tM law. All payments-made hereunder shall be credited first to interest end then to prirteipal, hotMetrer, in the ever.. rf default, tM Bank may, in its sole d'auetion, apply arty payment to interest, principal andlor Iswfulcharges then ~J~ It sa the intention of tM parties hereto that tM provisions herein shall trot provide directly or indirectly for the payment of a greater rate of interMt ot` tM retention of any other chsrpe thin is allowed by Isw. If, iw any reason; interest in exr:.ss of wch Ipal rate or s charge pro- nibited by bw shell at any time be paid, any srrclt extxss shall either oottstitua end be treated es a payment on the principal or be refunded directly to tM Maker. TM Maker may PrepsY the entire unpaid balance of the lOa~r at any time. If tM loan is prepaid in full, soplerabd or refinanced, the Maker shah receive a refund of tM u portrun of the interest and irtswattce premiums eorr?swted by tM RuM of 78's method, except that tM flank shell be entitled to retain a minimum interest Of 0~. CREDIT LIFE AND CREDIT LIFE 8 DISABILITY INSURANCE AREO= LUNTARY AND NOT REQUIRED FOR CREDIT. ~=nwranp coverage is available at the coat designated bNow for the term.of the aedit: la1 s for Credit life Inwrartce Ib1 s for Credit 4fe A Digbility Inwrertce: Check ? (kedit trife Insursrtce is desired on tM life of Birthdate Appl. ? Credit Life at Disability Inwrsnce is desired an Birthdate Box ~ Credit Life aril/a Disability Irnursrtq is not ~ " ~t..t_ " Date: ~ ~e l~ Signature = ~ Signature A f T E R ACQUIRED PROPERTY tlALl iE tUt~ECT TO TNESECURITY INTEREtT AND BTMER OR FUTURE INDE~TEBNESS 1=sECURED ~Y ANYltUCH PROPERTY, AS FBLLOwt: Maker hereby grants to Bank a security interest in the property, if any, deeeribed in the tpsce below and in ell other property of Maker now or hereafter in Bank's possession, and srrdt security interest shell siso secure all other liabilities of Maker to Bank, whether primary, secondary, direct a contingent, present or future. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below. Lt L'Xt, ~sttl~ 2, Ouli~Mt ~rtsa ~ Alrtlri+sa at ~1M I~1a~i ra ~rlrifi !o ~ fR~ rtt~p= 1l7i pgriask S'slSe Mai lltail~Ire fMtial /3Sl~4l0 If the Bank requires the Maker to obtain inwrance coverage against loss or damage to the collateral securing the Makers indebtedness to the Bank, the Maker may obtain such coverage from any agent, broker or insuror acceptable to the Bank. - It is jointly. and severally cotiernnted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party to this note (all of whom are_ hereinafter for brevity called Obligor or Obligonl that: Bank shill exercise reasonable are in the custody end preservation of the Collateral and shall be~leemed to have exercised reasonable care it it takes such action for that purpose es Maker shall reasonably request in writing, but no omission to cornPlY with any request of Maker shall of itself be deemed a failure to exercise reasonable care. Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, calls, convey- s~on, exchanges; offers, tenden or similar matters relating to any of the Collateral, nor for informing the undersigned with respect to any thereof. Bank shall not i be bound to take any steps necessary to preserve any rights in the Collateral against prior parties, and Maker shall take all necessary steps JAr such purposes. Bank i or its nominee need not collect interest on or principal of any Collateral or give any notice with respect to it. Right is hereby expressly granted to the Bank at its up*,ion to transfer at any time to itself or to its nominee any Collateral and to receive the income thereon and hold same as security herafor, or apply it on the principal or interest due hereon or due on any liability secured hereby. Upon the happening of any of the following events, each of which shall constitute a default hereunder, or if the Bank deems itself insecure, the entire unpaid t,a~ance of this note and all other liabilities of each Maker to Bsnk shall thereupon or thereafter, at the option of Bank, without notice or demand, become imme- d~ately due aril payable: Isl failure of any Obligor to perform any agreement hereunder or to pay in full, when due, arty liability whatsoever to Bank or any in- stalment thereof or interest tlttreon; Ibl the death of any Obligor; Icl the filing of any petition uttdtr the Bankruptcy Act, or any similar federal or state statute, by or agairKt any Obligor: fill an application for the appointment of a receiver for, the making of a general assignment for the benefit of creditors by, or the ~nsolverrcy of any Obligor; lel the entry of s judgment against any Obligor; (f) the issuing of arty attachtnents or garnishment, or the filing of any lien, against any property of any Obligor; Ig1 the taking of possession of any wbstsntisl part of the property of any Obligor at the instance of any governmental authority; !r,l the dissolution, merger, consolidation, or reorgsnizstion of any Obligor; lil the determination by Bank that s material adverse cltantge has occurred in the financial condition of any Obligor from the conditarts set forth in the most recent financial statement of such Obligor heretofore furnished to Bank, or from ;ne condition of wch Obligor as heretofore most recently disclosed to Bank in any manner, or that any warranty, representation, certificate, or statement of -any Obligor (vvhetfrer contained in this note or not) pertaining to or in connection with this note or the loan evidenced by this note is not true; Iji the assignment by :any Maker of any puny in any of the Collateral without the written consent of Bank• Ik1 failure to do all thugs necessary to preserve end maintain the value and collectibility of the Collateral, including, but not limited to, the payment of taxes and premiums on policies of irtsrrrance on the due date without benefit of the grace period_ Unless the Collateral is perishable aY threatens to decline speedily in value of is of s tyP4,ctrstomsrily solo on a recognized markec, Bank wi119ive Maker rea- sonable" notice of the time and place of any public sab thereof or of the time after which a private sale will be held. The rpuirement of reasonable notice shall be met if such notice is mailed, postage prepaid, to arty Maker at the address given bebw o? at any other address shown on the records of the Bank, at least ten days before the time of the sale. Upon disposition of any Collateral after the occurrence of any default hereunder, Obligors shall be and remain liable for any d~f~ciency; and Bank shall account to Maker for any wrplus, but Bank shall have the right to apply all w any part of such wrplus (or to hold the same as a s eserve) against any and all otfter liabilities of each Or arty Maker to Bank.• Bank shall have, but shall not ba limited to, the fdlovvirg rights, each of which may be exercised at any time whether or not this note is due: lal to pledge or trarKfer this note and the Collateral, whereupon Bank shall ba relieved of all duties and responsibilities hereunder and relieved from any and all liability with respect to any Collateral so pledged or transferred, and any pledgee or transferee shall for all purposes stand in the place of Bsnk hereunder end have all the -~ghts to Bank hereunder; Ib1 to transfer the whole or any part of the Collateral into the name of itself or its nominee; lc) to notify the Obligors on arty Collat- anal ro make payment to Bsnk of any amounts due or to become dw thereon; fill to demand, we for, tolled, or make any compromise or settlement it deems desirable with reference to the Collateral; and Ie1 to take possession o. contrd of any proceeds of Cdlateral. No delay or omission on the part of Bank. in exercising any right herwnder shall operate es a waiver of sucLt right or of any other right under this note. No waiver or alteration shell be binding On Bank unleu in a writitg signed by an wthorized Bsttk officer, and then only to the extent specifically set tOrth therein. w P.esentment, demand, protest and notice of dishonor, ere hereby waived by each and every Obligor. The taking of a renewal rate without the signature of any maker or endorser liable on this note shall not be deemed a payment or discharge of the obligation and the liability created hereunder shall continue until this emote is paid in full. The Obligors, jointly and severally, promise and agree to pay aft Costs of collection, including attorneys' fees pusl to 19lIr of the amount f ~ nanced, or wch larger amounts es may be reasonable and just if collected by legal proceedings or through an attorney at Isw, including appellate proceedings. The unders" acknowledge rec/ei t of ra clad copy of this note on this date. Addreif Ze ~ ~a J1>•~ff• ~ ~K~ _ (SEAL) Address ~ i' a d00K e)l13 PAGEZO~ F SS 752 Rev. ] / 79 " z 3 ~ x'