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HomeMy WebLinkAbout2199 ~ ~ _ DISCLOSURE NOTE FOR INSTALLMENT LOANS s>iSp ))~ti ~ IAI Amount Received S ~e9~•~ BANK NAME Iel Premium for Credit ~a Life/Oisabifrty Ins. S I9>! CO~ss«ial Ste ~ JAM eMC~, ?3~0'rlda SK3~ ICI oacumentary stamps s SD OFFICE AUORESS IDl Other Charges litemizel 5-~~- NOTE NO. DATED: ~ u , 19 IFI S ~~O"` IGI Amount Financed DUE: ~ , 19 e~. IA, e, C, O, E, FI S l~•!ZS•s0 IHI Interest S 11,0~~.30 PACE: J~~A ~b ,FLORIDA 111 Credit Investigation S ~ ~ Ul Other S For value reteived, the undersigned (hereinafter called "Maker") jointly and severally (if IKI S ~Q. more than one) promise to pay to th order of he nk, at its olfice listed above, th Rtsl of Payments Itrom INI at right) of ~tr~~•~ Dollars payable in ILI s ~e•• equal monthly rnstauments of S 2~•u ,the first lMl FINANCE CHARGE , IH, 1, J, K, LI S installment due on_~~ ~ , 19 7~ ,and wbsaquent installments due on INl Total of Payments IG + M) S 3~•~6•~ th~ay of each month thereafter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE 10•~ % , s -O- ouE . ~9 The Bank shall impose a delinquency charge against the Maker on any payment which has become due and remains in default for a period in excess of 1C days in an amount equal to ~ 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- ments, whether principal, interest or otherwise, shall bear interest at tM 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 andlor lawfulcharges then accrued. It is the intention of the 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 s charge pro- n~b~ted by law shall st any time be paid, any such excess shall either constitute end 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 a refund 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 ~ m~mmum interest charge of =5.~. CREDIT LIFE AND CREDIT LIFE A DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrance coverage is available at the cost designated below for the term of the credit: (sl S "0"' for Credit Lite Inwrance Ib1 S ~a for Credit Life de Disability Inwrance: Check ? Credit life Insurance is desired on the life of Birthdate ApPI. ? Credit Life dt Disability Insurance it desired on ~ Birthdate Box ~ Credit Life and/or Disability Insurance is not de 'r~, - _ , l l Date: ue 19~ Signature = _ ~ el.~/1~./ • Sirp?atureN<_ c./~Y dD..f~~~ /1,~.t ~ AFTERACODIREDFROIERTYrYIll6ESUtlECTTOTHESECURITYINTERESTANOOTNERORFUTUREINDEBTEONESSISSECURE YANYSUCHFROPERTY,ASFOLLOWS: ' Maker hereby grants to Bank a security interest in the property, it any, described in the space below and in all other property of Maker now or hereafter in Bank's possession, and such security interest shall also secure all other liabilities of Maker to Bank, whether 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 ~f~ ~t~ n, alDOOi ~ A1~fQICr ~ IST.SI~e ~ ~R~ti~li IM~ nostfan; 1l77 G~e~c+d 1s a Ttlsl Trai2~c, s.rs.l •SS73s1,t0A9. Dwtil. Hp OIL vitti !•s2i' fsr~lra Soert. If the Bank requires the Maker to obtain insurance rnverage against loss or dansage 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 .s 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 ~e~e~nafter (or brevity Called Obligor Or Obligors) that: Bank shall exercise reasonable care in the custody and preservation of the Collateral and shall be deemed to have exercised reasonable care it it takes such ~c r,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 P=erase reasonable care- Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, calls, convey- s~nn, exchanges, offers, tenders or similar mattlrs relating to any of the Collateral, nor for informing the undersgned with respect to any thereof. Bank shall not ? i,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 r 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 ,.p*ion 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 a•~nc~pal 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 -;nce of 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 imme- r~„rely due and payable: (al 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 ment thereof or interest thereon; (b) the death of any Obligor; Icl the citing of any petition under the Bankruptcy Act, or any similar federal or state statute, ! %r against any Obligor; Id1 an application for the appointment of a receiver for, the making of a general assignment for the benefit of creditor by, or the r~su!venc/ of any Obligor, le) the entry of a judgment against any Obligor; If1 the issuing of any attachments or garnishment, or the filing of any lien, against any property of any Obligor, Igl the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental authority; n1 the dissolution, merger, consolidation, or reorganization of any Obligor; li? the determination by Bank that a material adverse change has occurred in the € f~oanual condition of any Obligor from the conditions set forth in the most recent 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 !:r: i 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: Ijl the assignment by F +~y Maker of any equity in any of the Collateral without the written consent of Bank; Ikl failure to do all things necessary to preserve and maintain the value :^cf collectibility of the Collateral, irulix)rng, 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- sn ;tae notice of the time and place of any public sale thereof or of the nine after which a rivate sale will be held. The r s P equirement of reasonable notice shall met it such notice rs marled, postage prepaid, to any Maker at the address given below or at any other address shown on the records of the Bank, at least ten r:-,ys before the time of the sale. Upon disposition of any Collateral after the occurrence of any default hereunder, Obtrgors shall be and remain liable for any ~'~~f~ciency: 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 •eserve) against any and all other Iiabiliues of each or any Maker to Bank. i Bank shall have, but shall not be limited to, the following rights, each of which may be exercised at any time whether or not this note is due: la? to pledge rranster this note and the Collateral, whereupon Bank shall be relieved of all duties and responsibilities hereunder and relieved from any and all liability with ••~soect to any Collateral so pledged or transferred, and any pledgee or transferee shall for all purposes stand in the place of gook hereunder and have all the ,hrs to Bank hereunder; Ibl to transfer the whole or any part of the Collateral into the name of itself or its nominee; Icl to notify the Oblgors on any Collet- ~ ~ ,i ro make payment to Bank of any amounts due or to become due thereon; Id) to demand, we for, collect, or make any compromise or settlement it deems i r!esirable with reference to the Collateral; and lel to take possession or control of any proceeds of Collateral. No delay or omission on the part of Bank in exercising any right hereunder shall operate as a waiver of wch right or of any other right under this note. No .tie ver or alteration shall be binding on Bank unless in a writing sgned by an authorized Bank officer, and then only to the extent speritiei+lly set forth therein. P• esentment, 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 ,,:.,ken or endorser liable on this note shall not be deemed a payrt?ent or discharge of this obligation and the liability created hereunder shall continue until this r,P ~s paid in full. The Obligors, jointly and severally, promise and agree to pay all costs of collection, including attorneys' fees equal to 10Yi of the amount ~~enced, 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 undersi wledge receipt of a completed copy of this note on this date. •~;-1•ess ~r ` ~ ISEALI r uf~ess ~s•, ~r/ _ ~ ISEALI l a ~ ~p6 ~a~E 2197 r F:S 7S? Rev. 1 /79 ..ass...:: _