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• DISCLOSURE NOTE FOR INSTALLMENT LOANS f~l
J~ ~k IAI Amount Received S 9aa~•~ ~
_ _
BANK NAME IBI Premium for Credit s7s•~ ~
LNeJDisability In:. S of
1939 C~'s'tL1 J~M~-s~llEh~ T3+0lidi X3457 ICI Documentary Stamps t
OFFICE ADDRESS l01 Other Charges litemrzd S
tEl S •
r;OTE NO. DATED: ~ ~ . 197 IFI _
1i a5 IGI IA B C,FO, E,~ S 9
t~UE ~ , 19_.
IHI Interest S _ )•30 •3
t't ACE: )~ti ,FLORIDA 111 Credit Invastrgation S
IJ) '>Scher S ~0"
For value reserved, the undersigned (hereinafter called "Maker") jointly and severally (if (KI S "a'
inure than one) promise to pay tot a order 4f_the_Qank, at its olfite fisted above, the Total
~.t Payments (from INI at right) of a • W pollars payable in ILI S "a
,•qual monthly installments of S 1~•~ ,the first IM) FINANCE CHARGE 3 -
IH, 1, J, K, Ll S
~nztaUmem due on ~ 1 , 19_, and wbsequent installments due on INI Total of Payments Ili; M) S • t
;ne i~y of each month thereafter, together with s FINAL BALLOON PAYMENT OF: ,ANNUAL PERCENTAGE RATE • %
5 ~a ~ DUE , 19 ~
The Bank shell irrtposa a delinquency charge against the Maker on any payment which has become due and remains in default for a period in excess of
nays m 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-
menu, whether principal, interest or otherwise, shall bear interest at the maximum legal rate allowed under the law. All payments made hereunder shall be
rredned 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
;,nd,or lawfulchargas then accrued. It is the intention of the genies hereto that the provisions herein shall not provide directly or indirectly for the payment
~ a greater rats 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,b,ted by law shall at any time be paid, any such excess shall either constitute and be treated as a payme+tt on the principal or be refurKfed directly to the
'sfaker. 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 ,
, •eturtd 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
minimum interest charge of 55.00.
CREDIT LIFE AND CREDIT LIFE b DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Suds insurance coverage is
available at the cat designated below for the ter of the credit: lal S S7s• ~ for Cr~~e lostyance ( S ~s•~
for Credit Lite A Disability Inwrance: LZ• ~ , • Aid
Check ? Credit Life Insurance is desired on the life of Birthdate
Appl. Credit Life b Disability Insurance is desired on ~s3~ Birthdate
Box ? Credit life and/or Disability Insurance is no esir d. r
3
r 1?paY1Z LZa 1179 signatures Y i ~ S. - .
uate: ~ ignature ;
AFTER ACQUIRED PROPERTYMIIII BE SUt1ECTTOTHESECURITYINTEREST AND OTHER OR FUTURE INDEBTEDNESS ISSECUREO BY ANY SUCH PROPERTY, AS FOLLOMfS:
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 hereatter in
Hank's possession, and such security interest shall also secure ell other liabilities of Maker to Bank, whether primary, secondary, direct or contingent, present
c;~ future. The atoresaid security interest excludes the Makers primary residence unless said primary residence is described below.
i
LOt 1488, 8silst~+oo IIa gRDflOS S OT ~llCa >liE~'lLSi Iiti~D.
as 1~etib~d !a alslt i 1975 t~lw 32' Tss~+~i ?sail~e, IlD~ 4SS91Z004i, _
dtY t~ tl* atul, 27'$0• iesMot heat.
If 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 insuror acceptable to the Bank.
It iz 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,nafter tor. 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
mac.*.~on for that purpose as Maker shat) reasonably request in writing, but no omission to comply with any request of Maker shall of itself be deemed a failure to
i
exercise reasonable care- Without limiting the generabty of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, calls, convey-
s ran, exchanges, offers, tenders or similar mattArs relating to any of the Collateral, nor for informing the undersigned with respect to any thereof. Bank shall not
i;N t,ound 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
goon to vansfer 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
ar ~ Hugel or interest due hereon or due on any liability secured hereby.
Upon the happening of any of the following events, each of which shat! constitute a default hereunder, or if the Bank deems itself insecure, the entire unpaid t
i ,+ance of this note and all other liabilities of each Maker to Bank shall thereupon or thereat ter, at rite option of Bank, without notice or demand, become imme- =
I r.,tely 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-
s~:,tmenr thereof or interest thereon; Ibl the death of any Obligor; Ic1 the filing of any petition under the Bankruptcy Act, or any similar federal or state statute,
pr against any Obligor; Idi an application for the appointment of a receiver for, the making of a general assignment for the benefit of creditors by, or the
~sol•,rency of any Obligor, (el the entry of a lodgment against any Obligor; Ifl the isswng of any attachments or garnishment, or the filing of any lien, against
~ „ny 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;
n) the dissolution, merger, consolidation, or reorganization of any Obfigor; (il the determination by Bank that a material adverse change has occurred in the
!.nancial condition of any Obligor from the conditions set forth in the most recent financial statement of such Obligor heretofore furnished to Bank, or from _
+~e condition of such Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, or statement of any
!?c;~,gor (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
^y Maker of any equity rn any of the Collateral without the written consent of Bank; Ikl failure to do all things necessary to preserve and maintain the value
tics 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
. ~ . grate period.
Unless the Collateral is perishable or threatens to decline speedily rn value or is of a type customarily sold on a recognized market, Bank will give Maker yea-
, uiahle notice 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
:net rf such notice rs mailed, 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
k ::YS before the time of the sate. Upon disposition of any Collateral after the occurrence of any default hereunder, Obligors shall be and remain liable for any
it ~~~,t,uency; and Bank shall account to Maker for any wrplus, but Bank shall have the tight to apply all or any part of such wrplus (or to hold the same as a
R <serve) 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 which may be exercised at any time whether or not this note is due: (a) to pledge
i vanster this note and the Collateral, whereupon Bank shall be relieved of all duties and responsibilities hereunder and relieved from any and aft liability with
=sued 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
:'its to Bank hereunder, (bl to transfer tfle whole or any part of the Collateral into the name of itself or its nominee; Icl to notify the Obligors on any Collat-
~~:,i ro make payment to Bank of any amounts due or to become due thereon; Id1 to demand, we for, collect, or make any compromise or settlement it deems
~ r:as,rable with reference to the Collateral; aril lei 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 such right or of any other right under this note. No
::giver or alteration shall be binding on Bank unless in a writing sgned by an autho.ized Bank officer, and then only to the extent specifically set forth therein.
resentment, 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
^~dker 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
1e is paid in full- The Obligors, jointly and severally, promise and agree to pay all costs of collection, including attorneys' fees equal to ~Q% of the amount
,need, or such larger amounts as may be reasonable and just d ccllected 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.
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