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HomeMy WebLinkAbout1844 i ~ + r . . i DISCLOSURE N EII..FOR INSTALLMENT LOANS ~ N~ ,~M ~ IAI Amt'trnt Received S lei~•~ ANK NAME 181 Pre/nium for Credit Life/Disability Ins.. s ie Ct~ ~~r ~ ~7 (C? OocumentarY Sumps S • OFFICE ADDRESS lDl OthN Charges litemizel S ~M LEI S ~ r30TE NO. DATED: ~ ~a , 19~. IF) S ~ IGI Amount Financed i ouE: ~ ~ ~ t9~, (A, B, C, O, E, F) S IHI Interest S • PLACE: ~~r ~fY~ , FLORIpA Ill Credit Investigation S ~ ~ (J) Other S . MM for value received, the undersigned (hereinafter called "Make:') Jointly and several) '(if IKI S ~ ,Wore than one) promise to pay to the order of the-Bank, at its office fisted above, the T~nl A w~a ILL s- •OM ,+f Payments (from INI at right) of ~iws•~ ~ Dollars payable in lMl FINANCE CHARGE equal monthly installments of S ~ ,the first IH, I, J, K, L) S i +nstallment due on ~1 Z1t:1t , 19~, and wbsequent installments due on INI Total of Payments IG * MI S the~;ay of each rttonth thereafter, together with s FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE ll~myt; S ~M DUE , 19 ~ The Bank shall impose a delinquertey charge against the Maker on any payment which has become due and remains in default for a period in excess of 10 clays 1n an amount equal 'to S1K of the amount of the principal part of the payment in default. In the event that the Note is not paid in full at maturity, all pay- mznts, whether principal, interest or otherwise, shall bear interest at the maximum legal rate allowed under 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 vnd;or lawfulcharges then accrued. It is the intention of the parties hereto that the provisions herein shall not provide directly or indirectly for the payment or a greater rate of interest or the retention of any other charge than is allowed by law. If, for any reason, interest in excess of such legal rate or a charge pro- n+bited by law shall at any time be paid, any such excess shall either constitute and be treated as a payment on the principal or be refunded directly to the Maker: The Maker may prepay the entire unpaid balance of the loan at any time. if the loan is prepaid in full, accelerated or refinanced, the Maker shall receive .3 refund of the unearned portion of the interest and inwrance premiums computed by the Rule of 78's method, except that the Bank shall be entitled to retain a minimum interest charge of =5,~. CREDIT LIFE AND CREDIT LIFE aL DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrance coverage is available at the cost designated below for the term of tfte uedit: lal S sit+07 for Credit Life Inwrance lbl S for Credit Life a Disability Inwrance: Check ~ Gedit Life Insurance is desired on the life of_~~ ~!J>)1~lr Birthdate 11~ 1~~ Appl. ? Gedit life dt pisabitity tnsurartce is desired on r ~ Birthdate Sox ? Credit Life and/o? Disability Insurance is not desired. Date: ~ ~s Signature Signature ~ ~fTERA0001RE0fiROrERTYM11llNESUtIECTTOTHESECURITYIN RESTANO .HER OR FUTUREINDEtTEDNESSISSECUREDBYANYSUCH?ROPERTY,ASFOIIOWS: Maker hereby grants to Bank a security interest in the property, if any, described in the space below and in all other property Of Maker now or hereafter in B;nk~S possession, and such seturity interest shall also secure all other liabilities of Maker to Bank, whethe? primary, secondary, direct or contingent, present o' suture. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below. Le! tl9. Asst 7~5. itetioA iO~ POs! >~'t. LYti~. as daaCSi~M irA sale I?.OS~s~a. li 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 ^;ay obtain such coverage from any agent, broker or inwror acceptable to the Bank. It is jointly and severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party to this note (all of whom are emafter for brevity called Obligor or Obligors) that: ~ Bank shall exercise reasonable care in the custody and preservation 8f the Collateral acid shall be deemed to have exercised reasonable care if it takes such .,ct~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 exercise reasonable care. Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, calls, conver- s~~n, exchanges, offers, tenders or similar matters relating to any of the Collateral, nor for informing the undersigned with respect to any thereof. Bank shall not ::e bound to take any steps necessary to preserve any rights in the Collateral against prior parties, and Maker shall take all necessary steps for such purposes_ Bank +ts 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 ~:paon 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 n•~rKipal 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,;iarceof this note and-all other liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, without notice or demand, become unme- t ~~~ately due and payable: lal failure of any Obligor to perform any agreement hereunder or to pay in full, when due, any liability whatsoever to Bank or any in- I s~a~rnent thereof or interest thereon; (b) the death of any Obligor; Icl the filing of any petition under the Bankruptcy Act, or any similar federal or state statute, E ray or against any Obligor; Idl an application for the appointment of a receivenfor, the making of a general assignment for the benefit of creditors by, or the ! insolvency of any Obligor, (e) the entry of a judgment against any Obligor,. (f) the issuing of any attachments or garnishment, or the Filing of any lien, against t any property of any Obligor; (g) the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental authority; f Ohl the dissolution, merger, consolidation, or reorganization of any Obligor, (i the determination by Bank that a material adverse change has occurred in the i ! nancial condition of any Obligor from the conditions set forth in the most ~ent financial statement of such Obligor heretofore furnished to Bank, or from •ne condition of such Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, or statement of any j 0:~~+gor (whether contained in this note or not) pertaining to or in connection with this note or the loan evidenced by this nose is not true; Ij1 the assig ent by ~ +ny Maker of any egwty in any of the Collareral without the written consent of Bank; Ile) failure to do all things necessary to preserve and maintain~e value j ,r d 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 ~ the grace period. 9 Unless the Collateral is perishable or Ntreatens to decline speedily in value or is of a type customarily sold on a recognized market, Bank will give Maker rea- ; ;sable nonce of the time and place of Any public sale thereof or of the time after which a private sale will be held. The requirement of reasonable notice shall r;:. met d such notice is marled, postage drepaid, to any Maker at the address given below or at any other address shown on the records of the Bank, at least ten +ys before the time of the sale. Upon disposition of any Collateral after the occurrence of any default hereunder, Obligors shall be aril remain liable for any cieficieney; and Bank shall account to Maker (or any wrplus, but Bank shall have the n ht to I all or an ' g app y y part of such wrplus for to hold the same as a ~~s?rve) against 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 wfuch may be exercised at any time whether or not this note is due: (al to pledge transfer this note and the Collateral, whereupon Bank shall be relieved of all dunes and responsibilities hereunder and relieved from any and all liability with r=spec[ to any Collateral so pledged or transferred, and any pledgee or transferee shall for all purposes stand in the place of Bank hereunder and have all the ~~;hts to Bank hereunder; Ib1 to transfer the whole o\any part of the Collateral into the name of itself or its nominee; ld to notify the Obligors on any Collat- i e•~I to make payment to Bank of any amounts due o/to become due thereon; Idl to demand, sue for, collect, or make any compromise or settlement it deems cies+rable with reference to the Collateral; and (e) to tafce possession or control of any proceeds of Collateral. No delay o. 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 ~vaiverpr alteration shalt be binding on Bank unless in a writing sgned by an authorized Bank officer, and then only to the extent specifically set forth therein. °•esentment, demand, protest and notice of dishonor, are hereby waived by each and every Obligor. The taking of a renewal note without the sgnature of any ~~,aher 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 ote is paid in full. The Obligors, jointly and severally, promise and agree to pay all costs of collecUOn, including attorneys' fees equal to 1~'Xi of the amount +~n,;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 undersigned acknowledge receipt of a completed copy of this note on this date. r ,;dress ~IE~ _ ~ / ~ (BEAU a ~Z ' %.`rdress ~ ISEAL) J~~ x:16: ~p~ - I _ - ~ -