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DISCIOSURE NOTE FOR INSTALIMENT IOANS
~ irst Na*_ional Bank of Fort Pierca ~ ~A? Amou~~ Rtcew~d s S. Q00 _ 00
BAhK NA:+~E (8) Pram~um !or Cred~~ ~ sn .
PostOffice Box 970, Fort Piecce, Fla. 3345Q- ~'•~o.~~,;~~y,ns. s ;•95 _
_ ~c~ ott~m,?~~~~,? s~~s s _ .
OFF~~E AUORE~S , . ~ _ (p) Q~hw Cha~g~s (itemutl =n01'~~E.-' -
24-2884-8 ~ - ~ ~F~ s none
JTE NO. OATEO~ Apt'Il 13 ~ : 1979 . IFI S 110?'~,8
IG) Amoune C•~naeeed
:~ve: Aprfl 13 - - . 19 IA. B. C. U. E. F1 - S_~_._?%7~~- .
tHl ~nte~est S 1, 8? 6. Fi4 -
ill GW~i Inwstgation t 2 S. ~0
P~aCE: Fnrt pt~rce , F~ORiOA
u? o~n•, s none
For vawe r~ce~ved, th~ unden~gnad (he«ir?aft~ csued "Msker") jantly and s~veralty (~f (K) s none
more ihan o~+t) p~om+se [o pay to the order o( the Bank, at its otl~ct lisied abow, th~ Totsl
.f P±yrn~nts Ihom lNi a~ .~9ht1 of$ 7,179 . Oolla.s payabl~ io s ROR@
-~c;ual monthly i~tta~~ments oF S 119 . 65 , che 1~rs~ FINANCE CHARGE
(H, 1, J, K, L) $ 1, 901 . 84
nstallmant du~ on May 13 , , 19 79 , and subsequtnt installme~ts dw o~ f V) To~a1 of Paym~nts (G + M) S 7• 179 . ~0
13 ~ a y o f e a c h m o ~ c ~ t h e r e a f t e ~ o g o~ h a v w t?? a F ~ N A ~ B A l l.
0 0 N P A V S
~ E N T O F: A N N U A L P E R C E N T A G E R A T E 1 7 . 8 5 9(~
s none oue none ,t9
'~e Ba++k shall ~mpost a delinquenty chargt against the Maker on a~y pslrrt+ent wh~ch h~s becom~ due and rtmains in defautt fo~ s p~riod in ~xcess ot
~ 3vs ~n an amou~~ eowl to J~K of the art?ount of th~ principsl pan of the payment ~n default. In tM svsnt thst th~ Nott is not paid in full at matwity, a11 pay
~~r~ts, whethe~ prinupal, int~rest or otherwiss, shsll besr ~nterest at th~ maximum legsl rat~ allowed under th~ law_ All psymenti rtiadt 1?lreund~r shall bs
c-rc~iad fi.st to intaest and then to principal, howavsr, in the ewnt of default, th~ Bank may, in its wte d~scretian, apply any psyrrNnt ~o intahst, principal
~,nC ~r lawfuleharges then acerwd. Ic is the intention of th~ partiss hereto that the p~ovisions h~rain sha11 ooe provide dinctiy or indinctlY fo? the paYmant
e~ a areace~ rate of interest o~ the retention ot any othsr charge than is allowed bV ~a+~. If, tor any reason, interest in ~xc~u of wch legal nt~ or a charge pra
r.~r~~ed by law sha11 at any cims ba paid, any such excess shall ~ither constitute a~d be trcated as a paYR+ent o~ the principal or ba refurtded dinctly to tht
`:~a1a~. The Mak~r may prepay tM entire unpaid balance of the loan at any time. If the toan is prepsid in tuU, acceterated or.etinanc~d, th* Wk~~ st+all raceFve
s: a~und ot the une~.nedp~ rtion of the interest and insurance premiums compuced by the Rule ot 78's meshod, excapt that tt?e Bank s1+a11 be entitl~d to retain
a m~nimum intttast of $5.00.
CREDIT LIFE AN~ CREDIT ~IFE ~ DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREOIT. Such inwrantt towrage is
ava~+ab~~ at the cost des~qnated b~~ow tor the term of the vedit: IaI 5 Z 69 . 21 Eor Cred~t L~fe Inwrance (b! S
~or Credit l.ife A Oisability Insuraoce:
Chack Gedit ~ife Insu~ance is da~red oo the life of Helen R, Bd S S B~r~ndace ll~f
3 4
App1. ? Crsdit Life b Oisability Irtdurance is desired on Birthdate
doa ? Credit Lite andfw Disability Insura~ce is n es~r _
~ate: Aprll I3, 1979 Siqnature ~ Signsture
AFTEA ACUUIREO PROPERTYIMtII BE SUBIECTTO THESECURITY INTEREST AND OTHEH OR FUTURE IHOEBTEDYESS IS SECUREO 8Y ANYSUCH PAOPEiiTY, AS FOtLGYYS:
'.RaRer hereby grants to Bank a security interest in the property, if any, describ~d in tne spzes below and in all othe. property of Maker now or hereafte~ in
B.~^ <'s pouession, and such secu~ity interest shall atso secure a~l othe~ I~abilities of Maker :o @ank, wheti+er primary, secondary, d~recc or contingent, prtsent
or `uture. The aforesa~d security interest excludes the htake~s primary residence unless sa~d pnmary residence ~s described betow_
Property Description: From NE corner of NE~of NEQ of SW4, Run S 204 feet
to POB. th, cont. S. 156.3 feet th. W. 200 feet, th. N. 156.3 feet, th. E.
200 feei to POS• (47-B)
S20-T35-R40 ~
ii :he Bank requires the Maker to obta~n insu.a~ce coverage against loss or damage [o the collaeeral secu~ing the Makers indebtedness to the Bank, the Maker
r^a~ obtain suCh coverage from any agent, broker or msuror acceptable to the 8ank.
I: ~s jointly and severally covenanted and ogreed with the Bank by each Ma!c?., endorser, surecy, 9uararstor, and o!her pariy to this ~ote (all oi wh~rn are
na~P~naf~er for brev~ty called Obti9oror Obl~gonl that_ •
3~nk shatt exe~c~se ~easonable care in the cvstody and preservation of the Collareral and shall be deerr~d to have exercised reasonanls ca~e if it tak2s such
~c::on for thst purpou as Maker sha~l reasonably request in writing, but no om~ssion :o comply with any raquest of RAake? sha11 of itse~t be deemed a fa~~we to
~~>~c~se reasonable care_ W~thout Iimiting the qenerality of the fo~egoing, che Bank sha11 have no respans~bility for auertaining any meturiues, calts, conver-
s~~n, exchanges, offe~s, te~ders o~ simila* matteis refa[ing to any of the Co1lateral, nor for informinq ~ne undersg~ed with respect to any the~sof_ 8ank sha11 not
b? oound to bke any steps necessary to preserve any righes in the Co~lateral aga~nst pnar parties, and Mak~!~r shall rake a{I necessary steps for such purposes_ Bank
or ~cs nominee need not collect ~nterest on or princ~pa~ of any Co~lateral or g~ve any notice with respect to ~r. Right is hereby expressly granred to the Bank at its
oo~ion co transfer at any cime to icself or to its nom~~ee any Co~lateral and to receive the incame thereo~ and ho~d same as security herefor; w apply it o~ the
p~~:~c;pa! ~r ioterest dur her!on or due on any Iiabdity ;ecured her~y.
; ~pun tha happamng of any of tha following eveots, each oi which shall cons[itu~a a defautt hereur?Cer, or rf the 8a~k ~sems ~tself ins~cure. the ent~~e unpaid
j aa~an~~ Of tAif nOte and all other Iiab~HUes of tach Maker to Bank shau the~eupo~ or :her~a~[er, a~ the optiw~ of 3ank, without no:ice or demand, beeome ir.tme-
::ar~1y due and payabie: {al failure of any Obligor to oerform any agrePment hereurtder or to pay in fuN, when due, a~y 6ab~hty whatsoever to Ba~k or any in-
--~~^.xnt therepf or ~nterest the~eon; (b) the death of any Ob1~go.: (c) the fil~ng of any pe6non under the Banrrupccy A~r, w any similar fe~e•a1 or s!ate siatute,
; by :r ~,nst any U6i~gpr; (d) an appt;cation for the appoinrme:+t of a r~eiver !pr,- the makmg of a gene•at ass~nment for the benefit ot aed~tors by, or th~
~ ~=%•~~Y of a~y ObliqOr, le) the antry of a f~9+M~t against any pbligor: If) the issuin9 ot a~Y attac~~rnnts o~ 9a~~~shmer+t, or the filing of any lien, aqainit
a~y proparty of any Obligor; (g) the taking of possession of any substantia~ part of the property oE any Cbtrgor at the irtstance of any gavernmental author~ty;
! c~ d~ssofution, merger, co~solidateon, or reorganization of any Oblgor, (d the dece~m~nation by 8a~k that a material adverse change has occurred ia the
` ~inual cond~tion of any Ob:igar from the conditions set forth in the mosr rzcent financ~a~ starement of such Obiigor he+etofo~e furnished to Bank, or ~rom
~ c~e cond~iion of such Ob~~gor as heretofore most recenity dixlosed to 8ank in any ma:+ns.; or that any warran,ry, represe~tat~on, ~ertificate, w sts~ement of any
# cor (whether ~on[ained in this note or noti pertaimng to o~ m tonnrthon with this noTe o~ the loan av~denc?d hy this note is not true; (j) the ass~gnment by
~ r^Y MzRer of any equ~ty in any of the Co~~ateral without the wnttEn consent of Bank; Ikl iailu~t [o do a~~ ch~ngs necessary co preserva and main[am rhR value
~ co:~ectibiliry of che Col~a[eral, includ~ng, but not Iim~ted to, the payment o~ tazes and premwms on poli~~es o! insu.arsce on the due date wit~out ben._fi: of
'^e gra.:e Ptriod. -
! Jn:ess the Collateral is p!rishable or threarens to decline speedily in va~ue o~ ~s nf a type cus!omariiy so~~ on a recoSn~zed market, Bank H~tl giv± l':~a~er rra-
,~-ab+e r+ocice of the t~me and place of any publ~c sa~e thereof or of th. Nme af c?r which a p~~va~e sase w~~t be held. The reouirzrt~+t of reasonabie noNce shall
t.•~ met if such notice ~s ma~ted, postage prepa~d, to any MaKer at the address g~ve~ be~ow o~ at a~y otAe~ adArnss shewn on the records of the 8ank, at least ten
_ ~!=ys before the t~me oi the sa:?_ Upon d~zpovtion of an•~ Co~lateral afier the occvr~ence of any default he.aunder, Ohligors shaft b. and remain liable for any
~ ,.~r~~~~My: ~nd Bank ;ha11 accov~t :o `dak~r fo~ any surnlus, but Ba~k s~a1~ have the r~c,ht to appiy all or any part of such wrplus (or to h~lo :he sz:nr! as a
~ ~es~rvel against any and aH othe• tiabdi[ias of each o~ any !4fa~cer to Bank_
s 2ank snaU have, but shal~ not be ~~m~ted to, the follow~ng :~ghts, each of which r-±ay be e:ercised a[ any iime whe~her or npt this note is due= (a) ie p!e:fge
cr trs~sfer this note and the Collaterat, whereupon Ba~k sha~~ be rel~eved of a11 Cuties and resaons~bl~tres h_weunder and relleved trom any 3nd a~~ liab~i+cy ..;th
r~p.._t to any Collaceral so pledged or t?ansterr~A, and any pledgee o. tranzferee shall fo~ a~~ pu~poses s[and in the pface o~ Bank hereu~de~ and have aU the
•;his [o Bank he.tur.d,.u; tb) to *.ransfer th._ who~e or a~y part ot the Co~late.a~ into the ~ame of itsslf o~ its nominee; (c) to notify the OhI Won on any Collat-
~•sl to maks paym!~t :o Bank ot any amounts due or to b?come due the~eo~: Idi to demand, sue for, coliw~t, or make any comp~om~se or se*.tlzme~t it asems '
c;z,~rable with reference to che Collat~~al; and (e) to take possess~on or controf of a~Y p~a~ds of Collat?.a~.
# Na delay o~ omission on the part of Bank ~n exercising any right he.sunde~ sh3~1 ope~ace as a waivsr vt such r~ght or of any other r;ght urder this note. No
•.:3~v?. or 3lteration sna~l be binding o~ Bank untess in a writing s~gned by a~ authorized Sank officer, and then only to the extent spedfica~~V set forth there+n.
P•:sentmant, demand, prot?st and not~ce of dishonor, a~e hereby wa~ved by each and every Obfigor. Ths tak~nq of a renewal note without th! s~g~ature of a~y
mak~r or endorser I~abl? on *.h~s not? zhall not be deemed a payment or distharge of this obl~gation and the I~ability created hereunAer sha11 eontinue until tfiis
no[e is paid ~n full. The Qbl~qors, jOinily and severa~ly, promise and agree to pay all costs of collecuon, includ~ng attorneys fees eyua~ to 10X of ~he amount
r nanced, or such la~ge. amourts as may be reawnable and just +f co~lected by leqal proceedings o~ throu~ ~n attorrtey at law, inc~ud~ng apoe~lace p~oceed~ngs.
' The vnders~gned ack~o . receipt of a comp~eted eopy ot this note on this date.
r
~ a~a~~::2708 C~ al il Rd_ . Forc PiArce, Fia~~50 ~ (~EALI
€
~ Helen R. Bass
~ ~.~.,,es; ~s~e?u
50GK JV~ PAGE~.O~, -
FBS 75? Rtr. ? /79 - - . . . . ~
~ ~
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