HomeMy WebLinkAbout0450 DISCLOSURE NOTE FOR INSTALLMEII=T LOANS ~ ~
FIRST NATIONAL BANK OF FQRT PIERCE ~'Mi ~~~w s 4, 000. 00
BANK NAME ~m fpr CrW~1 ~ c C. C~
- Lii~/O~s~b~hty le+t. s eJ ~
Post OfHce Box 970 Fort Pierce, Florida ~c~ oo~.~~~,v swno. . s 6. 30
OFfICE ApORESS - (p? Qtly~ Chuqq (~ttmis~) = 110RA
2 6-0038-5 February 27 19 79 ~E~ s none
hCTE NO. OATED' . (F) s none
o~E: ~ ~ February 27 t983 : IGI IA
e cFO
E~~ s 4.171.84
i~i«~.e s 1.316.24
PLACE: FO~ ~@~@ , FlOfiIOA (1) G~dit lew~stptuon t 3~.
u~ otn.~ s none
Fo~ vslut nc~iwd. th~ w?d~ni9Md lhN~in~ttN Cs~Nd "Mak~r") Iointly and s~,raslly (~f (KI S~Qne
more tAan oM) prpm~~ to psy to M~ o~d~r of tM 8aek, ~t ~ts ott~c~ liit~d abov~, th~ Toul ' '
o~ aaym~na Itrom INI ai rgAN ot $ 5. 518~ ~8 OouuipsysbN in 48 ~V s none
~~a~ mo~ih~ii inscs~~mNU~ o~ S 114 . 9 6 , in~ t~~st IM? FINANCE CHARGE 34 6 24
(N, 1, K, l) S 1, .
~~scaum~nt dw on March 27 , 19.~; ~nd wOspwnt i~stsllm~n~s dw on (N) Toql ol Psyn+u~a (G + M) i 5~ 518 _
cne~dsy of ~aen mon~n cnK~attK, toy~ct?N wiM ~ F~NA~ 8/?~~OON PAVMENT OF: ANNUAI PERCENTAGE RATE 14 _ 46
s none oue nQne . ~9
Th. Bank sh~11 impo~ a dNi~wwneY d+~rp~ sp~ieat tM MakK on ~nr av~t whieh n~s b~eort+~ aw and r~ins in d~lsult tw a wr~o0 in ~xe~u ot 10 _
days in sn amount pw1 to 9!~ of tM amount of tM principal Wrt of tM piym~nc in d~fwlt. In tM w~nt that th~ Not~ a not psid in iull at naturity. ~II psy-
ments, wMth~r printip~l. int~rpt or otMrwit~, thNl bNr int~nst at tM en~ximurn I~sl rst~ Nlow~d w+da~ tl+~ 1aw. All paymu~u rr~ hM~undM sh~ll bt
cred~t~d firtt to intKat Md tMn to pincipd. how~vN. in tM ev~nt of d~f~ult. tM Bank may, in ib soM disc»tion. applV ~Y WY~t to int~rpt. principN
and/o. Iswfuldu~a tMn accru~d. It is th~ int~ntion of d?~ pi?tiy hN~to chat che provaions h~nie sAa11 not p~arieN du~ly a indir~eety for tM p~yment
o~ a gr«tK rstr of int~ntt w Na nt~ntion of any otMr cA~ th~n is ~Ilow~d by Isw. If, iw ~ny nswn, interest in ~xass of wd+ laqsl.st~ or ~ eh~y~ pro-
t~~b~ced by ~aw ~hM~ at any t~nr b~ p~id, sny wcA ~:oas shsll ~itMr tonstituc~ and b~ tr~at~d a~ a psymN?t on tM princip~l or b~ refund~d dinedy to th~
MakM. T11~ INakN RNy p?~p~y tM Mt~r~ unpiid b~la11C~ Of tM Ipln ~t ~ny tim~. I1 tM ~oan ~t p~~psid in full, acoNraud or r~fiean~~d, tM M~k~r d+M1 nc~iv~
a.etund of tM unwn~dpo~tion of tM int~rpt snd ieawsna pnmiums eanput~d by [h~ Rul~ ot 78's meehad, ~xape chat [M Bank shall b~ Mtid~d eo ncaie
a m~nimum int~nst of Z5.00. - -
CREDIT IIFE ANO CREDIT I.IFE ~ DISABII.ITY INSURANCE ARE VOLUNTARY AND NOT RE~l11RE0 FOR CREDIT. Suel~ inw~~np oo~wrp~ is
availabl~ at tM tcst d~sipnsbd bdow for th~ qtni of tM c~~dit: = 1~ S_ SQ ' tw Cndit Lif~ I~uursnp (b) S 21one ~
tor Credit Lih ~ Ois~bility Inwtanc~: . - ~ . . • . ~ , .
ch~k ~ G~dit lii~ Inswsnt~ is daind oo tM lif~ of Elizabeth B. Roehrig : ~ e;.t,,~,t~ 2/11/17
~1PD~. ? Ondit Ui~ 8 ~it~bility Insw~r~is daind on - Birthdm
Box ?G~dh Libad/w Distbility In~uranc~.h notd . .
cd~e: Febnia 27 1979 •
~ . Siqnatun ~ Signatun
~ - .
AFTERACDUIREDMO?ERTIIMIILL~ESU~tECTTOTHESECURITIFIN ESTANOOTMERONFUTUREI EtTEDNESSISSECUREDtYANYSUCHMOrERTY ASFOLIOMIS:
Maker h~~lby qnnts to Bank ~ sscurity i~terest in th~ propirty, if sny, destribed in th~ spsc~ below snd in all other prop~rty o( MskK now w h~resfte~ in
6a~k's potsetsiOn, and futb sKUrity intNest shall slso s~tun sll otMr tisbitities of M~kN to Bank, whetlm p~irtlsry, satOndsry, dinCt o? co~ttingent, present
cr ~utur~. TM a(oressid s~Cwity int~nst txtludas th~ Mskets primary residente uNess said prirtwy residente isdescrib~d below.
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• . , • . . -
See Over for Legal Description
I f the Bank rpuirp tlfe Maker to obtsin inw~a~te tovera9e against lou or damage to the cotlatersl securing the Mskers ind~bl~dneu to tM Bank, tha Maker
may obtain wd+ cowrag~ from aMr ag~nt, broke. or inwror xcapable to the Bank_ -
It is jointly snd s~vtrslly tov~ranted and s9ra~d with tM Bank by exh Maker, endwser, surety, gwrsntor, and other psrty to this not~ (all of whom ars
' he.e~natte? fo~ bnvity ull~d Oblgor or Obligors) thst: ~ . ' -
Ba~k shall izarcis~ r~ssonabl~ csre in th~ custody and pr~ration of tAe Co11a[enl snd shall be deem~d to have exacised resso~sW~ car~ if it takes such
~c~~on to. tMc purpos~ ss NbkK shall ressonsbly rpuest in w?itirg, but no omiu~on to rnmply wiM ar?y request of Maker sha11 of icself be deem~d s tailure to
exercise rsacpnsW~ un. Without limiting tM yenenlity of M~ /oregoing. the Bank shall hav~ ~o responsibility tw ssoertsining any rt?sturici~s, calls, conver-
s~on, exchsn~s, off~n, t~ncNrs or simils. mat~en nlatirg to any of the Collatenl, nor fo~ i~fo.ming the unde.signed witA resp~ct to any th~nof. Bsnk shall not
ce bound to bk~ sM? steps necestsry to p/ts~rvs sny rights in the Collstersl againft prip~ psrfiES, snd Msker shall take all necesssry steps tor such purposei Bank
o~ ~[s ramin~e nNd not eoll~ct intsrest on o~ principal of sny Collsteral or give sny notice with res~xcc to it_ Right is hereby expreuly graneed to the Bank at its
! cNtion to tnnsfN at sol/ tirtf~ to itsNf or to its nominN sny Collate~l and to repive the incom~ therew~ snd bo~d ts~nt as slcurity he•efpr, w spply ic on the .
' p.~nupsl or inter~st du~ h~reon or du~ on sny lisbility srCUhd Mreby. • ~
~ . - . .
~ Upw+ th~ h~pp~ning ~f ~ny of the fdlorring evants, ~seh of which shall eonscicut~ a d~fsult hereunde., w ii the Bank de~ms itsNf inseeun; tM entin unpsid
~ baianceof Mis not~ s~d sll oth~r lisbili[ia of ~~ch Mak~r to Bank sh~il ther~upon or the.Nfte?, at the option of Bank, vrithout notiet or demsnd, betort~e imme- -
~ dtately du~ snd psyablr (a) tailure oi sny ObligOr to ptrform sny agrNrntnt hereu+~d~r or to psy in full, when du~, arry lisbi~ity whstso~ver to Bank or sny in-
~ scalment tMr~of or intMSt th~non; (bl tM dtath of sny Oblgw; (el the (iling of any petition under th~ Bsnkruptty Act, or any similsr tsd~rsl or stst~ ststute,
by or egainst ~ny Obliqor; (d) an aDplitation for cM sppointrt~nt of a receiwr for, tM rtWking of s gene?al assignrrNnt for the b~n~fit of creditors by, or ths
~ nsolvency ot any Obligor; (el the entry of i judgrrwnt agsinst any Obligor; 1~) d+s iswing of s~y attachmenu or garnishment, or th~ filir?y of ~ny lien, against
E any prop~.cy of a~y Obligo.; (g) th~ tskiny ot pgs~es~ion of sny substantisl part of the property of any Obligw sc the instxue of any govNnrrwotN wthwity; .
f (n) the diuolution, rrw~er, consolidation, or norgsni:ation of any Obligor; (i) th~ det~rmination by Bsnk that a msce~ial adrtrse Msnge has octur?ed in tha ;
f~nancial condition of sny Obligor from ths conditions s~t torth in th~ most reeent finsncisl statement oi such Obligor heretofort fur~ehed to Bsnk, or lrom
~ t~e condition of suCh Obl~gor as hersto(o.e most ret~~tly disclosed to Bank in any mannp; or thst any wsrranty, ~eprese~ation, tertifitatt, o? ststeme~t of any
Ool ~go? (wMthe? conained i~ this note or not) De?taining to or in conneccion wiih this note or th~ tosn svidenced by this nots is noc t?ue; (j) eh~ auig~meni by
~^v Maker o/ a~y equity in any of the Collatasl without th~ vwitten co~sent of Bank; (k) failura to do all things neeessary [o p~eserve a~d msi~tsin the valua
a~d collectibil~ty of the Collateral, includ~ng, but not limitsd to, th~ ptYrtknt of taxes and premiums on policies of inwrance on tM due dsa w~thout bene(it of
.^.e grace period.
€ ~~nless tM Collstasl is pe?isAsbl~ o~ thrqtens to deelin~ speedily in valu~ or ~s of s type customarily sold on a recoyni:ed mark~t, Bank will 9iv~ Maker rer
! sonable notite of th~ tirr~e and plsp of any public saN tl?K~of or of tM time atter whith s private sa~e v~rill bt held. The requirement o~ roasonsbl~ notite shall
hP met it wcM notice is mailed, postage p.epsid, to any Msker at the addr~ss 9iven below or at sny other address shown on the records of th~ 8snk, at least ten
E d3y5 befor~ tAe time of tAe sale. Upon disposition of any Collateral after the occurrena ot any default hereunder, Obligori shall beand remsin lisble ~or any
caf~~;ency; and gs~k shall account to Mak~r for a~y wrplus, but Bank shall have the right to appty all w any part of such wrplus (or to hold ths same as a
res•rve) sgainst a~y snd a1t other Iisbilities of each a any Msker to Bank.
? Bank shsll hsv~, but shall not b~ limit~d to, th~ fdlowing rights, ~sch of which msy be exereised at any time wAether or not thn nor~ is dus: (s) to pledge
' or tra~sfe~ thif nou and tM Collsttrsl, wh~rwpon Bank sh~ll b~ reli~vad of all duties and respo~sibilities AKeunder and rNieved irom arr/ and all Ipbility arith
rPs~ect to any Collstersl w plsdg~d or trsnsfe?red, and any pledgee or transferee shs~1 for all purposes stsnd in the pbce of Bank he.eur+der snd have all the
~;h~s to Bank h~r~und~r: (b) to transfer [he whol~ w any psrt of the Co1la~eral mto th~ nsme ot itsNf or its nomint~; (c1 to no[ify the Obligon on any Cotlat-
era~ ro mak~ payrrwnt to 8a+~k of any amounis due or to bscom~ dw ch~r~on; (d) to demand, we for, collect, a make any compromise o. settlemsnt it deems
~~siraWe with nfKtntt to th~ Co11atNN; snd N) to tak~ poswssion or control of any procseds ot Collatersl. "
fvo delay-a om+:sion on th~ psrt of Bank in exercisiny any right hereunder shall opera[e as a waiver of suth riqMt w of sny other ripht under this note. No
wa~ver or alteration shsll b~ bindinp on Bank unless in s writi~g signed by an ~uthaizsd Bank oflicet, and then only [o th~ exttnt sp~tifiplly set forth therein.
~•es>_ntment, demsnd, procsst and notice of dishonor, u~ hereby wsived by each and every OWga. The caking ot a renewsl note wichout the signsture oi any '
r- 3ker or endors~r t~sbl~ on this note sha11 not be deerned a payrrwnt w d~scharge of chis oblgauon and the Iiabiliry crested hereunder shatl continue until this
^ace ~s paid in full_ Th~ Obhqors, jointly anA severally, promise and agree to pay all costs of coUaction, includirg sttomeyi fees eqwt to IOX. ot the amount
f~~ anCld, or such ~ug~. amounts as msy be ?easonable artd ~ust if colletted by tegsl prote~dings or thr~ an attomty at law, including sppellste p.oceedings.
: The undersigned ack edge reuiPC of a completed copy of this nore on this date.
~
;•~~,~u 1002 Se~way Drive. Ft_ Pierce. Fla ~C•/ -i ISEA~I
; Eliz eth B . Roehrig ~ ~
A;}dress (SEAl)
~ ~~"`304.~ ~ - - - -
~
~ ~r;57•,1 aaY I!79 ' - - . . - . . _ . _ -__~1 • _ . _ -y'-_ _
s ~ ~ ~~~0. ~ ~ ~ . , _ . - - - - . . - . . . . . • • " • ~~h ~
:r~ :1',n ~a,. d ~.,o_ s _ . _