HomeMy WebLinkAbout0446 DISCLOSURE NOTE FOR INSTAILMENT LOANS ~
FIRST NATIONAL BANK OF FORT PIERCE (A) Amount R~ca~~d = 2. 500.00
BANK NAME (8) PrMMUm lo~ G1dit
L~f~/0~sab~bty Inf. s_ a3.45
Post Office Box 970 Fort Pierce, Ftorida ~ci o«~~,.~~,.,,s~,~ s 3.90
- OFFICE A~ORESS !OI OMa Cnuyu luem~:~1 s none
IEI S 11nne
h~~fE NO. Z6-~031-7 DATED: FebRldry ZG , 19~. (FI :~~118
~
Qn IGI Amw~nt Fina~c~d ~
~;,E _ Febcuarv~6 , 19~. (A, 8. C, O, E, F) S-2 ~ S~~_ 35 ~
IHI Intant S 1 R4 _ 13 ,
N~,,cE: Fort Pierce , FLORIOA (t) Cr~dit Inwsty~twn = ~O.OO ~
Fo~ va~u• ~.c•~wd. tn. und.~:~ (J! Utn« t nOne
~e?~O (AN~~Mft~r GIIW "Mak~~"! lo~ntly ~nd sev~~aUy (if (KI s none
mo~e tlun oM) promis~ [o paY to th~ ord~. of tM Bank, st ~ts otfit~ listad sbov~, th~ Toa1
o~ Pav~n Urom lN) ~t ~qht) ol S2 ~ 7g 1_ 48 pollan p~Ysbl~ ~n __1,Z_ (L) s none .
rqua~ monthly ~n:c~~~nn o~ S 231 _ 79 , th~ tint ~MI FINANCE CHARGE
~H. K, u s 194 .13
~~e~~rn~ni dw on M~rch 2 6 , 19~, snd wbspuMt insaUrrr~ts dw on Totsl of Psym~nts tG + M1 S 2 781. 4a
ine_Z~dsy of ~ach month t1+Ke~fta. ~o9.~n.. w~cn a F~NA~ BA~~OON PavMENT OF: ANNUAL PERCENTAGE RATE 13 ~ SI %
; none oue none ' , ~s
Ths 8ank shall impose s dNinqwney Mvy~ ~paiiist M~ Msk~r on uiy p~yrrrnt wAkA has b~com~ dw and nmsins in d~/sutt fo. a p~ried in ~xass oi 10
days ~n an ~mouo~ pwl io 9% of tM amounc of ch~ p?iecip~l p~rt of tM psym~nt in d~fault. In tM ~wnc d~s~ cM Noa is not wid in bll at m~turiiy, all pay-
rnents, wMthN ptintipil, intKMC w otMrwia, ~f?ail b~ intt~t sc th~ msximum I~gal rst~ stlow~d undK tM Iaw. All paym~nq m~ hK~und~r tha11 b~
crad~ted first to int~rtst snd thM to prineipN, AoMww~, in th~ Mnt of d~fwlt, tAt B~nk mty, in its sol~ d'qtntion, ppty any paytn~nt to int~nst. princip~l
and;or I~,nrtulcha~~a tMn ~cerwd. It a tM int~ntia? oi tAt puti~s h~nto th~t th~ provisio~s hK~ie ~hall not prarid~ dineNy o~ indir~etly for tM psym~nt
or a 9resar rat~ o~ intKpt o. M~ nuncion of ~ny otMr d+~rgt than b~11ow~d by Isw. It, tor sny resson, inanst in ~xpss of wch I~y~t ~s[~ or s eMrg~ pro-
h:b~ced by Isw shsll ~t any timt b~ p~id, anY wch ~xpst shsll fitMr constitut~ and b~ tnat~d s~ a p~ym~nt on tM Wintip~l o~ b~ r~fur~t! dinetly to the
".~aKer. Th~ MskN msy pr~p~y eM ~ncin unpsid balsne~ of [h~ Iwn st any ~im~. If tM loan is prepaid in full, acplent~d or ~etinancui, th~ Mslar shNl nuiva
a refund of tl?~ un~srn~dpo~t ion of th~ intaac s~+d inwrsna pr~miwru eanput~d by th~ Rul~ of 78's m~thod, ~xppt tAst tM Bank shsll b~ ~ntiH~d to retain
a min~rtwm intN~t Of ~S.OY. 3
CREOIT I.IFE ANO CREOIT LIFE di ~ISA8ILITY INSURANCE ARE VOLUNTARY AN~ NOT REQUIRED F~R CREOIT. Such irauranp to~ap~ is
availaWs st tfa tott d~sipnst~d below for tM tKm of tht endit: Is1= none fo~ Qr~dit Lif~ Inwnnp (b) S 8 3. 4 S
~or Credit Lif~ 8 Disability Inw?snCS:
c~~~ ~ G~dit Lif~ Inswsee~ is dpird on tM lif~ of Linda L. Cubow eHtn~,« 5/28/50
~av~. ~ Credit lib ~ Disability Inw~sncs is d~sind on Birthdsts 7/2 S/49
Box ? Gldit Lih ~t+d/or Oi~sbility InwranC~ is np . _ " {
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o~~Q: Februarv 26. 1979 s~?.t~. s~,~t~~
AFTEHACQUIREO~NO?ENT111NILLlESUtJECTTOTME URl INTERESTANOOTNERO UTUREINDE~TEDNESSISSECUREDBYANYSUCH?RO?ERTY,ASfOIIOWi
hiake~ h~reby gnna to Bank a security intens n the propKty, i1 any, d~stribed in the spaca below and in all othe~ prop~rty of Msk~r now o~ htreaft~r in
Bdnk'S poss~tsio~, and suth s~tunty inte~est shsll slso ssture all other liabitities of Makar to Bank, whether primsry, secondsry, dintt or tontingent, present
c,- `ucure. Ths afa~said s~curity int~r~tt ~xcludes th~ Mskers (ximary rtsid~nce uNess said primsry residenct is describsd below.
Lot 2, Block 99 , LAKEWOOD PARK UNIT 8, according to the plat thereof as recorded in
Plat Book 11, page 19 of the public records of St. Lucie County, Florida, a
F
li ehe Bank requires che Maksr to obtain insurance coverage against loss or damage to the collaterat securing the Make?s indebtedness to the Bsnk, the Makcr
may ob[ain such coversge from any agent, broker or inwror acceptable to the Bank. -
1 c~s jointly and s~v~rslly cownanted and agreed with ihe Ba~k by exh Maker, endws~r, surety, yuarsnto~, snd othe~ pa.cy to this not~ (sll of whom are
~e~e~nafte? to? brevity ealled Obligor or Obligors) tAat_ `
Hank shdl ex~reis~ ressonable care in the custody and preservation of the Co~laceral and shall be deemed to have exercised reasonsbl~ qre if it takes such ~
acc~on fo. that purpose ss Msker shall ressonabty request in writing, but no om~ssion to comply with any request of Make~ sha11 of itself b~ deem~d s fa~ture to
exe~c~se reasonsble csre. Without limiting the 9e~e~sl~ty of the fwegoing, ths Ba~k shall haw no respons~bility ta ascerraining any msturitias, cslls, co+~ver- -
s~cn, extAaiga, oif~rs, tenden or similar mstters relsting to any of tM Coltatenl, nor for infotming tha undcrsige+sd vrith respett to any thereof. Bank shall not -
o>_ oound to ak~ sny steps ~ecesiary to pr~sarve any .ights in the Col~ataal against prio. pa.ties, and Maker sha~l take all necessary steps for such purposes. Bank
c~ ~rs nomir?at nead not co11~Ct interest on or prineipsl ot sm? Co1lstKS1 or give any notip with resp~tt to it: Right is hereby expressly grsnnd to th~ 8ank at its ~
ce'~on to tnrofer at any tirrw to itself w to its nominN any Collatersl and to rccaive ehe income thereon and hold same as security here(or, w appty it on the t
~~~ncipsl or inttrost due h~reon or dw on sny lisbility s~cu.ed Mnby.
Upo~ th~ hspp~niny of any of th~ following evrncs, esch of which shsll constituce a detault hereunde~, o~ if the Bx?k d~ems icself instcun, the entire unpa~d ~
ba~ ance of this not~ and all other liabilicia of esch Maker to Bank shall thereupa? w therpfter, at the option of Bank, without notice or dema~d, b~cane imma-
c~ately du~ snd p~yabl~: (a) failuro of anY Obligpr to pv~form sny agreement htreund~r or to pay in full, wMn due, any lisbility whstsoever to Bsnk or any i~
s;aiment thereof or intNest thereon; (b) the death of s~y Obligor, (c) the filing pf any p~tition undsr the Bankruptcy Act, or any similsr (ederal or sta~e statuts,
by or agairut any Oblpw; (d) ae application for tl?~ sppointrrwnt of s receiver for, tM msking of a genersl assgnme~t for tAe benefit of uediton by, or the
~~>olvency of any Obtigor; (e) the entry of a judgment against a~y Obligor; (f) the issuing of any attxhmt~~s w garnishment, or the tilinp of any litn, agai~st
a,~y property of any Obligor; tg) the taking of posaession ot a~y subsantisl part of the proparty of a~y Obtigor at the instance of sny gov~rnmsnW suthority;
iht the disspiution, merga, conaolidacion, or reorganizatiOn of any Oblgor; (i) the de[nmin~tion by Bank thst a mste~~al sdv~rse c~+snge hs! oce~ned in che
f~nancia~ to~dition of ~ny Obligor trom the tonditions set forth in the most recent financial statement of wch Obligor hsretofo~e lurnished to Bsnk, o~ (rom
c~e cond~tioo of such Obhgor as herotofore most r~cently disclosed to Baek in any manoa; w thst any warrsnty, representation, ceruficate, or stacement of any
G~i~gor (wheiher co~ta~nsd in this note or not) pertsining to o~ i~ co~nection with this note or the losn evidenced bY this note is not true; tj) the assignment by
;r,y Mlsker o~ any eqwty in anY of the Colla[eral withou[ che written consent of Ba~k; (k1 failure to do all things necessary to prese~ve and msintain the value
' ~~d coltectib~lity ot t1~e Collate~al, including, but not limited to, the payrt?ent of taxes and premiums on policies of insurance o~ the due date without benefit of .
arate plriOd.
Unless the Coliate~al is p~rishsbte or th~eacens to d~eiine sped~ty i~ va~w w is o~ a type customs~~fy sokl on a recoynized marret, Bsnk wiu giva Msker cer '
s~nable notice of the time a~+d p~ac~ of anY Public sal~ thereof or of the time after which a private sal~ will be heid. The requ~rement o~ reaso~ab~e ~otice shall :
ee me[ if such notica is ma~led, postage prepaid, to any Maker at the address given bciow or at any other add~ess shown on the records of th~ Bank, at Ieasi ~en
<; 3vs before the time of ths sale. Upon disposition of any Collateral aiter the occurrence of any de~ault hereunder, Obligors shall be and remain 1lable (or any
~'~`~c~ency; and Bank shall account to Mske~ ~or any wrplus, but Bank shall have the right to apply all w any part ol such wrplus (o~ to hdd tl~e ssme as a
-~serve) against any and all oth~r I~a4ilities of each or any Msker to Bsnk.
Bank shall hsv~, buc shall not be limit~d to, ths followirg rgAts, eacA of which msy b~ sxacised st any time w~ether or not this nots is dur (a) to pledgs
c~ r.ansEer this note and the Co1la~eral, wts~reupon 8snk shall be relKwd of al: duties and responsibilities hereunder and rNieved from any ar?d atl liab~liry with
r=spoct to any Cdlateral so pl~dged or transterred, and any pledgee or trans~eree shall tor all purposa stand in tha place oi Bank hereundsr and have atl the '
-;hts to Bank he~eunder; (b) to transEer the whole w sny part of the Collateral into the name o( itxll or ~ts nominee; (c) to not~fy the Obligors on any Collat-
' e-al co make paym~nt to Bank of any amounts due or to become dw thereon; (d? to demand, sue (or, cdtect, w make aey comp.omise or sett~ement it deems
~:es~~able witA reference to ths Collatersl; and (e) to take poss~asion o~ control of any proceeds of Collate~al.
No delay or omiuion on the part of Bank in exercising any right hereunder shall operate as a wsiver o~ such riqht or of any othe. righi unde. this note. No
r.a~~nr or alte~at~on shall pe bindmg on Bank unless in a writirg si9n~d by an authwized Bank officer, and then only to th~ e:tent specificsllY set fonh therein.
P; es?ntment, dema~d, pro[est and notice of dishonor, are hereby ws~wd by each and every Oblgor. The taki~g o( a renewal note without rhe signature of any
,ke~ or endorse~ Gable on this nose shall not be deemed a payment or discharge ot Mis obllgatio~ and the I~ability created hereunder shall rnn~inue until thrs ~
r 7~e ~s pa~d in full. The Obiigors, io~ntty and severally, prom~s~ and agree to psy all coste of coll~ction, includ~ng attomeys' fees equal to 10X of the amount
'~•~anced, or such la.ger amounts as may b~ reasonable s~d just if collected by I.gal proceeding~ or through an attorney at law, includ~ng appellste p?oceedings.
The undersgned edge ~ece~pt~O( ' omplc copy o~ this note on this dste.
/
:.~~,~u_ $804 BrooklineAve_. Ft_ Pierce, Fla. ' (SEAL)
os h M. Cubq.w~,~Jr • :
~dd~_ss (SEAU
Lit~lda . Cubow
gGG~ ~V~ ''A~t 446
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