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HomeMy WebLinkAbout0545 ' _ ' . . ~ . . . " " . _ . _ ' A . u F, ? . . . 'DISCLOSURE NOTE FOR INSTALIMENT LOANS ~ ' Jr~~ ~W` ~k (A) Amou~t R~ce~ved t u.s'~~a ~ BANK NAME (8) Pr~m~um tw Cr~d~t s~•~ , Lii~/pisability Ins. S 1.l~~.~~~~a~.~~~.~~ ~S] ICI Documtnu~Y Stsmpt i t • O FICE ADORESS (p) OthN Ch~ryK (Ilfmi~~)r s , lEl S ~a" - NO7E NO. OATEO: ~..~,~;,,_tt . 19#. (F) ~ _ ~O" . ~ (G) Amou~t Finsnt~d t DUE: ~i L , 19_~,. (A, B, C. U. E. FI S~~~~~~ ~ IHl inu~at s _~-~s.SS , °IACE- ~~_S~ti . FlOR10A (1) CreCit Invat~qatioe = ; ; (J) Ott?~r = For value received. th~ undasig~ed (he~einat~er wlNd "Makei jointly snd stvt~ally (it IKI s ~d more tha~ ona) promist to pay to the ordsr of ths 8ank, at its oflice lisqd above, the Toal ot Payments (trom (Nl et rigt~t) of Oollars paysbb in S equal monthly instaUmtnts ot S in•1 , tM fi.st ~M) FINANCE CHARGE . (H, 1, J, K, l) S t.~s~~ msiallme~[ due on~ , 19_~, and wbsequent installm~ots due on (N) Total of PaYm~~tt (G i M) ~ ~he j~sy ot each month thenstter, co9etner w~tn's F~NA~ BA~~OON PAVMENT OF: ANNUAL PERCENTAGE RATE lA_~A 9L } y s -a- oue .~s . The Bank shsll irt~o~p.i u~qwncy cbsrge spainst tAe Mak~r on any psymtnt whicb has b~coms due and remsim in dsfrult tor a p~riod in excess of 10 days i~ sn amount qbsl ~~o~of ths amount of tM principal put oi tM psyment in detault. In tM went thst the Not~ is not paid in full ~t mstuiity, all psy- ments, whethe? principal, inte~est o? otherwise, shslt bear int~rast ~t tM maximum Iagal rate allowsd under the law. All paymenu made hereunde~ shsll b~ credited first to foterest•and tMn to principsl, however, in the event of default, the 8ank msy, in its sole discrstion, apply any payment to interest, principsl _ andlor lawfulcha[yet~theo sccrued. It is the intention of the partiss hereto that the provisions hxein shall not provide direttly or indireetly for the paytnMt of a greate~ nt~ of~ i~tanst or tM retention of a~y othe~ chsrgs than is sllowsd by Isw. If, for any reason, intersst in ~xcas oi wch legsl rate or s cAsrye pro- h~bited by law shall ~t soy tirtN be paid, any such extess shall either constitute and be t~ested as s payment o~ the printipsl or be refunded direttly to ths Maker. The Mak~r rnsy prepsy the entire unpaid balante of ihe loa~ at any tirtw. If the losn is {xepaid in full, atcelerated or refinanced, the Msker shsll reoeiv~ a+ef~~d of the uneamed por~ion of the interest and i~aurance premiums computed by the Rule oi ~8's method, except that the Bank shall be entitled to retain a minirtwm inierett thsrgp Of Z~OQ CREDIT ~IFE AN~.CREOIT I.IFE di DISABIIITY INSURANCE ARE VOLUNTARY AND NOT REQUIREO FOR CREDIT. Such insurance covsrepe is available at the cost dosignated below for the term of the credit: la) Z 1-s'~. ~ tor Credit life Inwranq (b) S'a for Credit lite dt Oissbility Inwrsnce: . Check ~ Gedit life Insurance a desired on [he lifs of ~ Bi.chdate =~r~u ~ Appl. ? Credit Life dt Disability Insuramce is desired oo Bi~thdate Bux ? Ctedit Life and/w Oisability Insur ' not ired. Qate: Sigos ure ~ ignaturo . ,1fTERAC~UIREDM40~ERTYwILLSESUlJECTTO ECURITYI ESTAMD RORFUTUREINDE~TEDNESSISSECUREDBYANYSUCHPRO?ERTY,ASFOLL~IfS: Nlaker hereby yrantt to Bsnk a security interest in the pr ribed in thp space below and in all oth~r property oi Maker now or Aemafter in ~ Bank's possession, and wch seeurity interest shall also seeure other liabil~ties of AWke? to Bank, whether primary, secondary, direct w contir?gent, present or f uture. The sforefsid seturity inte~est excludes the Makers primary residence unless ~aid primary residence is described below. ~Ot ~ ~ ~ ~ ~ ~ ! sa i~sri~i 3~ ~af1 tr~ct,~s. I ~ - i ' ~ {f the Bank requiras tAe Maker to obtain i~surance cove?age against tou or damage to.the collateral securing the Makers indebtedness to the Bank, the Maker may obtain such cove~age f~om any age~t, broker or insuror acceptable to the Bank. ~ ~ It is jointly and severatly eovenanted and agreed with the Bank by eaCh Maker, endorser, surety, guarantor, and other party to this note (all of whom are herro~nafte~ for brevity Cetled Obligp? or Obligors) that: ~ Sank shall exercise reawnable care in the custody and preservatio~ of the Collateral and shalt be deemed to have exercised reasonable care if it takes such ! ~ ac[~on for that purpose as Maker shall reasonably request in writing, but no om~uion to comply with any request of Maker shall of itself be deemed a failure to exercise reasonabte care. Without limiting the generality of the foregoing, the Bank shall have no responsibility t6r ascertaining any maturities, ca~ls, conver- s~on, exchanga, offers, tenders or similar mattln relating to any ot the Collateral, nor for informing the undersg~ed with respect to any thereof. Bank sha11 not i~e bound to take a~y steps necessary to preserve any rights i~ the Collateral against prior parties, and Maker sha11 take all necessary steps tor wch purposes. Bank o~ ~ts nominee need ~ot co~lect interest on or principal oi any Collateral or give any notice with respect to it_ Rght is hereby expressly granted to the Bank at its op2~on to transier at a~y time to itseif or 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 w due on any tiability setured hereby. Upon the happe~ing oi any of the following events, each of which shall co~stitute a default hereunder, or it the Bank deems itselt insec~re, the entire unpaid ~ t~alance of this note and all other liabilities of each Maker to Bank shall thereupon or thereaiter, at the option of Bank, without notice or demand, become imme- ti ci~a~ety due and payable: (a) failure of any Obligor to perform any agreemenc hereunder or to pay in full, when due, any Iiabil~ty whatsoever to Bank or a~y in- ;i scaime~t thereof or interest thereon; (b) the deaih of any Obligor, (c) the fiting of any petition under [he Bankruptcy Act, w any similar federal or state statute, 'I, b~• or against any Obligor; (d) an application for the appointme~t of a receiver for, the making of a general assgnment for the beneiit of creditors by, or the +nsolvency of any Obligor; (e) the entry ot a judgme~t against any Obligor; (f) the iuuing of a~y attachments or gar~ishment, or the tiling of any lien, against any property of any Obligor; (g) the taking of posseuio~ of any substantial part of the property of any Obligor at the instance of any governmental authority; Ih1 the dissolution, mer9er, consotidation, or reorga~ization oi any Obligor; li) the determination by Bank that a material adverse change has occurred i~ the f ~nancial rnndition ot any Obligor Irom the conditions set forth in the most recent financial statert?ent of wch Obligor heretofore tur~ished to Bank, or irom ?he condition of such Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, w statement of any ~ pbligor (whether contained in this note or not) pe?taining to or in connection with thiz note or the loan evide~ced by this note is not true; (j) the assignment by any Maker of any equity i~ any of the Collateral without the written consent of Bank; (k) tailure to do all things necessary to preserve and maintain the value ~ and 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. ~ Unless the Collaterat is perishable or threatens to dectine speedily i~ value or is oi a type customarily sold on a recognited market, Bank will give Maker rea- E sonable ratice of the time and place of any public sale thereof or oi the time after which a private sate witl be hetd. The requirement ot reasonable notice shall ~ t>e met if such notice is mailed, postage prepaid, to any Make. at the address given below or at any other address shown on the records of the Bank, at least ten € days before the time of the sale. Upon dispositio~ ol a~y Collateral after the occurrence of a~y default hereunder, Obligors shall be and remain liable fo~ anX ~ def~c~ency: and Bank shall account to Maker fo~ any w?plus, but Bank shall have the right to apply all or any part of such wrplus lor to hold the same as a ~ reserve) against aoy and all other habilities of exh or any Maker to Bank. = Bank shall have, but shatl not be limiced to, the following rights, each ot which may be exe?cised at any time whethe. o~ not this note is due: (a) to pledge o~ tra~sfer this r?ote and the Collateral, whereupon Bank shall be relieved o( all duties and responsibilities hereunder and relieved trom any and all tiability with ; respect to any Collateral so pledged or transterred, and any pledgee or transferee shall for all purposes stand in [he ptace of Bank hereunder a~d have all the 3 ; nqhts to Bank hereundp; (b) to transfe~ the whole or any part oi the Collateral into the name of itself or its oominee; (c) to notify the Obligors on any Collat- ~ a~at to make payment to Bank ot any amounts due or to become due thereon; (d) to demand, we tor, collect, w make any compromise or settlement it deerns desirable with reterence to the Collateral; and (e) to take possession or control ot any proceeds ot Collate.al: ' = No delay or omistio~ on the part of Bank in exercising any right hereunder shall operate as a vraiver of such ~ight or of any other ri~t under this note. No :va~ver or alteration shall be binding on Bank unless in a nniting tigned by an authorized Bank oiticer, and then only to the extent speciticslly set torth therein_ Presentment, dema~d, protat and notice of disho~or, are hereby waived by each and every Obligor_ The taking of a renewal note without the signature oi any maker o~ endorse~ liable on this note shall not be deerned a payment w distharge of this obiigatio~ and the liability created hereunder shall continue until this note iz paid in tull. The Oblgors, jointly and severally, prom~se and agree to pay all costs of c Ilection, including attorneyi fees equal to ~a1L ot the amount ~ f~nanced, or wch larger amounts as may be reasonable and just if ~olleCted by legal proCeedi or through an attorney at law, intluding appellate proteedings_ The undersig knowledge ipt of a~:o~ripleted sop oi this note on this date. . ~ Addreu ~~a s ~ (SEAU Add.ess ~ ~til~~ _ "i ISEAII soax 3U7 545 ~ ~ BS 75~ Rev. 1% 79 ~-,.s~i • _ - -^i~; ;F ..M_.~.~,. _ . . s . . . . . _ - ~ . ,.s..~.