Loading...
HomeMy WebLinkAbout2844 OkS~IOSURE NOTE FOR INSTALLMENT LOANS w W Amount Recewttd S la~~~ BANK NAME Iel Premium for Credit Lila/Disability Ins. s 1~ C~i~ ~ ~~M ~i~7 ICI Documentary Stamps t ~ OFFIC ADDRESS 101 Othp Charges litemi:el IEI t NOTE NO. GATED: ~ . t9 IF1 : lGl Amount Financed l~l~~ DuE: x , tg ~ IA, 8, C, O, E, FI S_r_ IHI Interest s PACE: ,fir ,FLORIDA 111 Credit Invesugsuon S wa» IJI Other : ~ for value recervad, tM undersigned (hereinslter tilled "Maker"1 lointly and severally (if (K) s MM . more than one) promise to pay to th order of tM Bank, at its olfip listed above, the~W !MM of Payments (from INI at right) of S Dollars payable in ILI S IM1 FINANCE CHARGE equal monthly installments of = • , tM lint lH, 1, J, K, L) S installment dw on ~ , 19 ,and wbspuent installments dw on INl Total of Payments lG + M) the ~ day of each month thereafter, togetMr with s FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE % N~ DUE M"~ .r.ew•~ , 19 w S Tke Bank shall impose a dNingwrtcy charge sgsinst the Maker on sny payment which has bacon,, dw and remains in default for a period in axuss of days in sn amount equal to 5fi of tM amount of tM principal part of tM payment in default, In tM avant that tM Note is not paid in full at maturity, all pay- ments, wMMer principal, interest or otMrwiss, shell beer interest et tM maximum legal rate allowed under the law. Au payments made henuntier dull be credited first to interest and then to principal, howtver, in tM went of default, the Bank may, in its sole discretion, apply any payment to interest, principal andior lavvfulchargss tMn atxrwd. It is tM intention of tM panics hereto that tM provisions Mein shall not provide directly or indirectly fo? tM payment of a grsetK rata of interest or tM retention of any other t9tsrge then is allowed by law. If, for sny reason, interact in excess of such legal rate or s charge pro- nibited by Isw shell st any time be Paid, sny sudt excess dull either constitute end be treated as a payment on tM principal tx be refunded directly to the Maker. TM Maker may prepay tM entire unpaid bakrtce of tM loan at any tirtlf. If tM loan is prepaid in full, accelerstad or of inanpd, tM Maker dtall receip ; a refund of tM unearned portion of the interest and insurance premiums contputsd by tM Rule of 78's method, except that tM Bank shell be entitled to retain : a minimum interest Of ~.0~ ~ CREDIT LIFE AND CREDIT LIFE 8 DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Stilt insttrsnq wverage is available at tM cost dttsigttsted below for tM term of tM credit: lal = for Gtdit life Inwranp lbl S for Credit Life 9t Oissbility Inwrarta: Check ? Credit life Inwrance is desired on tM life of Birthdste ' Aopl. ? Credit Life 8 Oisabitity Inwrsnce a desired on Birthdste Box Credit Life end/or Disability Inwrsnee is trot ds~s'rad. (~Y/. Date: ~ Signature,~~~'a Signature A FT ER ACQUIRED PRBPERTY IYlll fIE SUfiIECT TB THE SECURITY INTEREST AND OTHER OR FUTURE INOE~TEBNESS IS.EECURED 9Y ANY SUCH FROPERTy, AS FOLLOMIS: Maker ftereby grants to Bank a security interest in tM property, if sny, described in tM space below and in all other property of Maker now or hereafter in Bank's possession, and such security interest shell also secure all other liabilities of Maker to Bank, whetMr primary, secondary, direct or contingent, present or future. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below. Lot •oe 069s ~cttap II* tlyt C~attail~ Co~ielsi11i1~ ~ i» Or AI~CA ~ ~1~~~ M iw s~rir IAOSlgr~• . If the Bank requires the Maker to obtain insurance 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 rnvertanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party to this note (all of whom are hereinafter fw brevity called Obligor w Obligors) that: Bank shall exercise reasonable care in the custody aril preservation of the Collateral and shall be deemed to have exercised reasonable care if it takes such action for that purpose as Maker shall reasonably rpwst in writing, but ro omission to comply with any request of Maker shall-of itself be deemed a failure to exercise reasonable Care. Without limiting tM generality of the toregoirg, the Bank shall have no responsibility for ascertaining any maturities, calls, conver- s~on, exchanges, otters, terxlers or similar matters relating to any of tM Collateral, nor for informing the undersigned with respect to any thereof. Bank shall not be bound to take any steps necessary to preserve sny rights in the Collateral against prior parties, and Maker shall take all necessary steps for such purposes. Bank 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 option to transfer at any time to itself or to its nominee any Collateral and to receive the income thereon and hold same as security herefor, 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 Mreunder, or if the Bank deems itself insecure, tM entire unpaid balance of this note and all other liabilities of each Maker to Bank shall thereupon or thereafter, at tM option of Bank, without notice or demand, become imme- d~ately due and payable: (a) failure of any Obligor to perform any agreement hereunder or to pay in full, when due, any liability whatsoever to Bank or any in- staiment thereof Or interest thereon; (b) tM death of any Obligor; Ice the filing of any petition under tM Bankruptcy Act, or any similar federal or state statute, ~ by or against any Obligor; Idl an application for tM appointment of a~receiver for, the making of a general assgnment for tM benefit of creditors by, or the :nsolvertCy of any Obligor; eel the entry of a judgment against any Obligor; If? the issuing of any attachments or garnishment, dr the filing of any lien, against [ any property of sny Obligor, (g) the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental authority; f tn1 the dissolution, merger, consolidation, or reorganization of. any Obligor; lie the determination by Bank that a material adverse charge has oogurred in tM g financial condition of any Obligor from tM conditions set forth in the most recent financial statement of such Obligor heretofore furnished to Bank, or from I tree condition of such Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, or statement of any t Obligor (whether contained in this note or not) pertaining to or in connection with this note or the loan evidenced by this note is not trw; Ijl tM assignment by j any Maker of arty equity in any of the Collateral without the written consent of Bank; Ike failure to do all things necessary to preserve and maintain the valve and collectibility of th. Collateral, including, but not limited to, the payment of taxes and premiums on policies of insurance on tM dw date without benefit of I the grace period. ~ Unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily solo on a recognized market, Bank will give Maker rea- ~ sonable notice of the time and place of any public sale thereof or of the time after which a priwte sate will be held. The requirement of reasonable notice shall ~ tee met if such notice is mailed. Postage prepad, to any Maker at the address given below or at ar?y other address shown on tM records of tM Bank; at least ten days' before the time of the sale. Upon disposition of any Collateral aster the occurrence of any default Mreunder, Obligors shall fx and remain liable for any i deficiency; and Bank shall account to Maker for any wrplus, but Bank shall have tM right to apply all or any part of such wrplus for to hold the same as a reserve) against any and all other liabilities of each or sny Maker to Bank. Bank shall have, but shat! not be limited to, the following rights, each of which may be exercised at any time whether or not this note is due: lal to pledge r or transfer this note and tM Collateral, whereupon Bank shall be relieved of all duties and responsibilities hereunder and relieved from any and all liability with i respect to any Cdlateral so pledged or transferred, and any pledgee or transferee shall for all purposes stand in the place of Bank hereunder and have all tM r •~ghts to Bank hereunder; Ibl to transfer the whole or sny part of the Collateral into the name of itself or its nominee; (cl to notify tM Obligors en any Collat- eral to make payment to Bank of any amounts due or to become dw thereon; Idl to demand, we for, collect, or make any compromise or settlement it deems desirable with reference to the Collateral; and le) to take possession or control of any proceeds of Collateral. No delay or omission on tM part of Bank in exercising any right hereunder shall operate as a waiver of such right or of any other right under this note. No waiver or alteration shall be binding on Bank unless in a writing sgned by an authorized Bank officer, and then Only to the extent specifically set forth therein. Presentment, demand, protest and notice of dishonor, ere hereby waived by each and every Obligor. The taking of a renewal mote without the signature of any maker a endorser liable on this note shall not be deemed a payment or discharge of this obligation and tM liability uwted hereunder dull continue until this note is paid in full. The Obligors, jointly and severally, promise end agree to pay all costs of collection, including attorneys' fees equal to 1~1(i of the amount f ~nanced, or such larger amounts es may be reasonable and just if collected by legal proceedings or through an attorney at law, including appellate proceedings. TM undersigned nowlsd{/pt~e~receipt of a completed copy of this note on this date. Address 1~ ~r ~ 'r _'u'r (SEAL) € Address rM YOlk~ ~ 1~ ~ (SEAL) . ~~~r 3U3 ~~I:2840 F f35 751 Rev. 1 % 79 - ~ ' ,.t ~ ~ f; ~ : ti r } S ~l ~T;