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Home My WebLink About2540 ' ~ It ~ r , DISCLOSURE NOTE FOR INSTALLMENT LOANS ~1 IAI Amount Received S Z 1 a~~•~ FLANK NAME IB? Premium for Credit A•~ Life/OfsgbihtV Ins. S (CI Documentary Stamps S 1 • -~-~~--Cceloll~i't~al-S2• - F~wneano~s P.~lg ~ 3~lS1 101 Other Charges litemuel S ~ LEI S IWl1~ ^:O7E NO. OATEO: ,3,~_ , 19~. IFI S sows IGI Amount Financed Z1e910i~ uuE _ ~ti ~ , tg~- IA, B, C, D, E, FI S IHI Interest S s • 1 PLACE: t~~-~ ,FLORIDA ill Credit Invesugahon S IJI Other S For value ?eceivld, the undersigned (hereinalter called "Maker") jointly and severally (if (K) s ,,,~;re than one) promise to pay to the,ordRr Of the Bank, at its office fisted above, the Total ,r Payments )from INl at right) of-~ff~-»b Dollars payable in ILL S ' AOIN - 1M1 FINANCE CHARGE ~.lua[ monthly installments of s _ 1'T~ ,the first IH, 1, J, K, L) S ' installment due on Amu ~ , 19», and wbsequent installments due On INI Total of Payments Ili + M) S_1B~BS!l~e~_ ~ne22 y~lay of each month thereafter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE jn' m % ~ _ ~ DUE ~YN.«~...r~..•~•~~~~nwn. , 19_L - The Bask shall impose a delinquejrcy charge against the Maker on any payment which has become due and remains in default for a period in excess of 10 lays in an amount equal t0 9iK of the amount of the prirrKipal part of the payment in default. In the event that the Note is not paid in full st maturity, all pay- ments, whether principal, interest or otherwise, shall bear interest at the maximum legal rate allowed Vrtder the law. All payments made hereunder shall be credited first to interest and then to principal, however, in the event of default, the Bank may, in its sole discretion, apply any payment to interest, principal .,nd!or lawfulchargef then scerued. It is the intention of tM parties hereto that the provisions herein shall not provide directly or indirectly for the payment of a greater rate of interest or the retention of any other charge than is allowed by law. It, for any reason, interest in excess of such legal rate or a charge pro- h~b~[ed by law shall at any time ba paid, any such excess shall either constitute and be treated as a pajlment on the principal or be refunded directly to the Maker. The Maker may prepay the entire unpaid balance of the loan at any time. 11 the loan is prepaid in full, accelerated or refinanced, the Maker shall receive ' efund of the unearned portion of the interest and insurance premiums computed by the Rule of 78's method, except that the Bank shall be entitled to retain n,ir,imum interest of =6,00. CREDIT LIFE AND CREDIT LIFE b DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrance coverage is available at the coat designated below for the term of the credit: lal S `a for Credit life Inwrance Ibl S for Credit Life de Disability Inwranee: _ e:heck ? Credit Life Insurance is desired on the life of - ' ~ Birthdate ~.ppl, ? Credit Life J4 Disability Insurance is desired ~ Birthdate Box Credit life aerie/~olr~Disability Insurance is no fled/( ~ ` C 1 / Date: r3i1)rC~1 1~• ~.7e7 Signature 'G~ Signatures~.~~.~.a1..-,mot r e-;/--- ~~,~~1` aF7ERACQl11RE0PN0?ERTYYMIIIfIESUIJECTTOTIIESECURITYIMTERESTANBOTHEROHFUTUREINDEBTEDNESSIS9LldRE~M~11 frEHTY,ASFOLLOWS: h!aker hereby grants to Bank a security interest in the property, if any, described in the space below and in all other property of 1Naker now or hereafter in . Brink's possession, and such security interest shall also secure alt other liabilities of Maker to Bank, whether primary, secondary, direct or contingent, present `uture. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below. - - C Lpt ~IJI3, Set±.:a iI~ GV[~A il~! Mai ~lZLl~ ~ a• ~ ~ = ~ ~ - d•~crlOsd i~ said nostga~ • I' the Bank requires the Maker to obtain insurance rnverage against loss or damage to the collatera! securing the Makers indebtedness to the Bank, the Maker ay obtain such coverage from any agent, broker or insuror acceptable to the Bank. - It is jointly and severally covenanted and agreed yvith the Bank by each RRaker, endorser, surety, guarantor, and other party to this note fall of whom are ~.e•ernafter for brevity Celled Obligor or Obligors) that: ' Bank shall exercise reasonable care in the custody and preservation of the collatera! and shall be deemed to have exercised reasonable care if it takes such st:on for that purpose as Maker shall reasonably request in writing, but no omission to comply with any request of Maker shall of itself be deemed a failure to' •=rose reasonable care. Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities,ialls, conver- 5~._~n, exchanges, offers, tenders or similar matters relating io any of the Collateral, nor for informing the undersigned with respect to any thereof. Bank shall not !,ound to take any steps necessary to preserve any rights in the Collateral against prior parties, and Maker shall take all necessary steps for wch purposes. Bank is nominee need not collect interest on or principal of any Collateral or give any notice with respect ~o it. Right is hereby expressly granted to the Bank at its ;~~~on 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 [,•~ncipal or interest due hereon or due on aAy liability secured hereby. Upon the happ*ning of any of the following events, each of which shall constitute a default hereunder, or ii the Bank deemy itself inseeF~re, the ilia unpaid :once of this note and all other liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, withotfl notice or derrtgnd, b~o'me imme- . ;tT~ly 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- merit thereof or interest thereon; (bl the death of any Obligor; lcl the filing of any petition under the Bankruptcy Act, or any similar federal or state statute, nr against any Obligor, Id? an application for the appointment of a receiver for, the making of a general assignment for the benefit~of creditors by, o. the ~~:ivency of any Obligor; Ie1 the entry of a judgment against any Obligor; If1 the issuing of any attachments or garnishment, or the filing of any lien, against j ;property of any Obligor: Igi the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental authority; ' [he dissolution, merger, consolidation, or reorganization of any Obligor; lil the determination by Bank that a material adverse change has occurred in the ~nciai condition of any Obligor from the conditipns set forth in the most recent financial statement of sych Obligor heretofore furnished to Bank, or from condition of such Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, or statement of any - Igor (whether contained in this note or not) pertaining to or in connection with this note or the loan evidenced by this note is not true: fjl the assignment by ' Maker of any equity in any of the Collateral without the written consent of Bank; Ikl failwe to do all things necessary to preserve and maintain the value - i collectibility of the Collateral, including, but not limited to, the payment of taxes and premiums on policies of insurance on the due date without benefit of e grace period. Unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market, Bank will give Maker rea- c .able notice of the time and place of any public sale thereof or of the time alter which a private sale will be held. The regwrement of reasonable nonce shall met if such notice is mailed, postage prepaid, to any Maker at the address given below or at any other address shown on ate records of the Bank, at lea"4t ten +vs 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 •ri:uency; and Bank shall account to Maker for any wrplus, but Bank shall have the right to apply all or any part of such surplus (or to hold the same as a serve) agaimt any and all other liabilities of each or any Maker to Bank- , Bank shall have but shall not be limited to, the following rights, each of which may be exercised at any nine whether or not this note is due: (al to pledge • Transfer this Tate and the Collateral, whereupon Bank shall be relieved of all dut,es and responsibilities hereunder and relieved from any and all liability with •espect to any Collateral so pledged or transferred, and arty pledgee or transferee shall for all purposes stand in thb place of Bank hereunder and have all the . ;hts to Bank hereunder; Ib1 to transfer the whole or any part of the Collateral into the name of itself or its norrwnee; (cl to notify the Obligors on any Collat- .;t to make payment to Bank of any amounts due or to become due thereon; (dl to demand, sue for, collect, or make arty compromise or settlement it deems renrable with reference to the Collateral; and lel to take possession or control of any proceeds of Collateral. 'Jo delay or omission on the 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 ..-:ever or alteration shall be binding on Bank unless in a writing sgrted by an authorized Bank officer, and then onlysRo the lixyMt specifically set forth therein. e~entment, demand, protest and notice of dishonor, are hereby waived by each and every Obligor. The taking of a renewal note without the signature of any t: sker or endorser liable on this note shall not be deemed a payment or discharge of this obligation and the liability created hereunder shall continue until this ~•e rs paid in full. The Obligors, jointly and severally, promise and agree to pay all costs Of collection, including attorneys' fees equal to 10Xi of the amount ,nced, or such larger amounts as may be reasonable and just if collected by legal proceedings or through an attorney at law, including appellate proceedings. The ersig ed ackn receipt of aTO cop f t ore on this date. • :•lressrj~j~~M ~p~ X ~ ISEALI • .ri-ass ~?t~1 ~O 4'~4b9 Y ~ ' / -i f , ISEALI fit s ~ rani r n~°r 3U5 :~,4~~2535 gS 752 Rev. 1 /79 _