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HomeMy WebLinkAbout0538 l 1 ~ DISCLOSURE NOTE FOR INSTALLMENT LOANS ~~e~ ~t (A) Amounl Rec~~ved S i~~,~•~ BANK NAME (8) P~emium ior C.ed~t ~~~.ia+a~~~~~v s -A- 1!!! a~.~~alal sc. ~ J ~..ati. n.~L~. ,~Z_ ~c~ o«~m.~u~Y su~ 2s. ~s oFF~CE AoORESS 10) OtM. Ch~rq~s I~temud t ~ IEI S NQTE NO. OATEO: . 19=~. (F) s IGI IA, e, C,Fp E,~ t ZS ~•~S DU E: ~~.1 t . 19~_ . (H) i~ttrest : ~~iSS~ PLACE: J~~ . FLORIOA (1) Cr~dit Invett~gation t '0" IJI OtMr = ~'a For value ~eceived. th~ undersignad (hertinatte~ cslled "Maker") loi~tly and severslly (i( (K) : ~0" more than one) p~omise to psy to th~ Order of the Bank, st its oltice listed above, ths Toal of Payments (lrom (N! at right) ot Dollsrs paysbM i~ ~ S ~a equal monthly installments ot S~Z~,K , ch~ (int ~MI FINANCE~ CHARGE , IH, 1, J, K, U S ~nstallment due on V~.. 1~ , 19~._, and wbsequent installments dus o~ (N) Total ot Paymsnts (G + M) _ • ine~,~(Yay ot each mo~th the~estcer, togeiher with s F~NA~ BA~~OON P~?vMEN7 OF: ANNUAL PERCENTAGE RATE • 96 s -O- ouE . ~s The Bank shall impose s delinqwncy charye apai~t the Maker on sny paymsnt vrAich has becoms due and remains in dtf~ult for s period in excess of 10 , days in sn amount equat to ~ of the amount of tM pri~cipsl part of tAe payment i~ defwlt. In tM svent Mat the Note is ~ot psid i~ full at rt?sturity, sll pay- ments, whethar principal, interest w othtrwis~, shsll bear intersst at the msximum legsl rstt sllowad under the Iaw. All psyments msde hereunder shall bs c~edited fi?st to interat and then to principsl, howsver, in tM eve~t ot d~fault, tM Bank msy, in in sole discretion, appty sny payment to intemst, printipsl and/or lawful cha rgss then scCrued. It is the intention of tM parties heroio tAst the provisions herein shall not {uovide directly or indirettly tor the payment - of a greater rate of interest w the r~tention ot any other chsrge than is allow~d by law. It, for any reason, inte~sst in exast of wch lepal rste or s charge pro- hibited by law shall at a~y time ba psid, any wch exteu shall either eonstitut~ and be treated as e psyment on the p?intipsl w be refundal directly to the Maker. Th~ Maker may prepay the entire u~paid balance af the loa~ at any time. If tFw loan is prepaid in full, aocelarated or retinanoed, the Maker shall receive a retund oi the unearned portion of the i~terest and inwrance premiums computed by ths Rule oi 78's method, extept that the Bank sha11 be entitled to retain a minimum inte~est thsrge of SS.~. CREDIT IIFE AND CREOIT LIFE ~ DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIREU FOR CREOIT. Suth inwrance coverage is available at the cost dtsipr?sted below for the term of the aedit: (a) S ~0"' tor Gedit Life Inwrance (b) S~~"' for Credit Lit@ ~ ~isabiFity Inwrance: Checlc ? C?edit Life Insurance is dasired on the life oi Birthdate Appl. ?(kedit Life 8 ~isabiliry I~auranee is daired on Birthdate Box ~ Gedit Life and/or bisability I~uurance is not desi?ed. Date: Signatwe s Signaturc AFTER ACnUIRED~RO~ERTYMIIIIlESURlECTTO TNESECURITY INTEREST AND OTHER OR FUTUNE INOElTEDNESS ISSECUREO !Y ANYSUCM ~RO~ERTY, AS FOLIOWS Maker Aeraby grants to Bank a security interest in the property, if any, de~cribed in the space below and in all other property of Maker now or hereafter in ~ Bank's possession, and wch sacurity interest shall also sscure all other lisbilities of Maker to Bank, whether primary, secondary, direct or contingent, present o. iuture. The aforessid security interest exNudes the Makers primary residence unless said primary residence is destribed below. L~t I~Z~, i~t1w It. ~lD90t ~Ot?f ~~lIC~ QlZLES ZlL~wD, as ~weslDri ~l~d ~rct~t; il7S l~sa i's3S• ita~al Tiailt, acLl ~23S7S21~1 ~ritti :erMa vw I( the Bank requires the Maker to obtain inwrance coverage against lou or damage to the collateral securing the Makers indebtedness to the Bank, the Maker ~v ~tain such coverage from a~y agent, broker or inwror accep[able to the Bank. It is jointly and severally covenanted and ag?eed with the Bank by exh Maker, endorser, surety, guarantor, and other party to this note lall ot whom a~e ~ereinafter for brevity talled Obligw w Oblgors) that: Bank shall exercise reasonable wre in the custody and preservation of the Collateral and shall be deemed to have exercised reasonable care if it takes such action tor that purpose az Maker sha~l reasonably request in writing, but no om~ssion to comply with any request of Maker shatl of itsel( be deemed a failure to ' exercise reasOreable Care. Without limiting the generality of the for¢going, the Bank shall have no responsibility fpr ascertaining any maturities, calls, conver- ; s~on, exchanges, offers, tenders or similar mattdrs ~elating to any of the Collateral, nor for informing ihe undersigned with respect to any thereof. Bank shall not ~ be bound to take any steps necessary to preserve any rights in the Collateral against prior parties, and-Maker sha~~ take all necessary steps tor such purposes. Bank i or its nominee need not coltect interest on or pri~cipal o( any Collateral or give any notice with respect to it. Right is hereby exp~essly g~anted to the Bank at its option to transier at any time to itself w to its nominee any Collateral and to receive the income thereon and hold same as security herefor, or apply it on the , principal or interest due hereon or due o~ any liabiliry secured hereby. Upon the happening ot any of the following events, each of which shall constitute a detault hereunder, or it.the- Bank deems itself insecure, the entire unpaid ~ t~alance of this note and all other liabilities of exh Make? to Bank shall thereupon w thereafter, at the option of Bank, without notice or demand, become imme- ci~ately due and payable: (a) faiture of any Obtigor to perform any agreement hereur?der or to pay in full, when due, any liability whatsoeve~ to Bank or any in- s~almen[ thereo( or interest thereon; (b) the death of any Obligo~; (c? the filing of any petition under the Ba~kruptcy Act, a any similar tederal or state statute, by or against any Obligor; (d) an application for the appointment of a receiver for, the making of a general assignment for the benefit of creditors by, or the +~solvency of any Obligor; (e! the entry of a judgment against any Obligor; (f) the issuing of any attachments or garnishrt?ent, or the filing of any lien, against any property oi any Obligor; (g) the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental authority; (hl the dissolution, merger, consolidation, o~ reorganization oi any Obiigor; (i) the determinatio~ by Bank that a material adverse change has occurred in the t~nanc~al condition o( any Obligor from the co~ditions set forth i~ the most recent financial statement of such Obligor heretofore furnished to Bank, or from [he condition of sucn Obligor as hecetotore most recently disclosed to Bank in any manner; or that any warranty, represe~tatio~, certificate, or statement of any Ot~i~gor (whether contained in this note or not) percaining to or in connection with this note or the loan evidenced by this note is not true; (j) the auignment by ~ny Maker ot any equity in a~y oi the Collateral without the w?itten consent of Bank; (k) failure to do ali things necessary to preserve and maintain the value and collectibility oi the Collateral, including, but not limited to, the payment of taxes ar?d premiums on policies of insurance on the due date without benefit of the grace period. Unless the Collateral is perishable or threatens to dccline speedily in value or ~s of a type customarily sold on a recognized market, Bank will give Maker rea- sonable notice of the time and place of any public sale thereof or oi tAe time after which a private sale will be held. The requirement oi reasonable notice shall t>e met if such notice is mailed, postage prepaid, to any Maker at the address given below o. at any other address shown on the records of the Ba~k, at least ten vays before the time of the sale. Upon disposition oi any Collateral after the occurrence of a~y default hereunder, Obligcxs shall be and rema;n liable for any ~ deficiency: and Bank shall account to Maker tor any wrplus, but Bank shall have the riqht to apply all or any part of such wrplus (or to hold the same as a ~eserve) against any and all other liabilities of exh 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 time whether o~ not this ~ote is due: (a) to pledge n~ Transter this note and the Collateral, whereupon Bank shall be relieved ot all duties and responsibilities hereunder and relieved from aoy and all tiabiliry with ~ respect to any Collaterat so pledged w trens(erred, and any pledgee or trans(eree shall for all purposes stand in the place oi Bank hereunder a~d have all ihe ~~ghcs to Bank hereunder; (b) to transfer the whole or any part of the Collateral in[o the name of itseli or its nominee; (c) to notify the Obligors on any Collat- ~ era; to make payment to Bank of any amounts due or to become due thereon• (d) to derrwnd, we tor, collect, or make any compromise or settlement it deems ~ des~.able with reference to the Collateral; and (e) to take posseuion or control of a~y proceeds of Collateral. No delay w omiuion on the part oi Bank in exercising any right hereunder shall operate as a waiver of such right or of any other iight under this note. No wa~ver or alteration shatl be binding on Ba~k unless in a w?iting signed by an suthorized Bank otiicer, and then only to the extent specitically set torth therein. ~ P~esentment, demand, protest and notice of dishonor, are Aereby waived by each and every Obligor. The taking of a renewal note without the signature of any make? or endorser liable on this ~ote shall not be deemed a payment or discharge of this obligation and tF?e liability created hereunder shall conti~ue until this note is paid in full. The Ubli9ors, jointly and severally, promise and agree to pay aIl costs oi collection, includirg attorneys fees equal to 1~1fi of the amount i~nanted, o? such lar r amounts as ma be reasonable and ust if collected b 1 al roceedi or thro ge y ~ y eg p ngs ugh an attorney at law, i~cluding appellate raceedirgs. The undersi9ned xknowiedge receipt oi a ted copy of t' on this date. ' ~'LOV4~ - ~ ~ Y Address 41 ~ l1_- lt~ ~2~2s ='~"'a~ (SEAL! ~lpl~ . ti A~1~ress ISEAL) SOUK PAGE ~eJO ~ , F BS 752 Rev. 1/ 79 "'.~'~,.r ~ - S' ~ : „v ~ , , .