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HomeMy WebLinkAbout1851 t _ 1 DISCLOSURE OTE FOR INSTALLMENT LOANS ~ ~r - ''tyM~ ~ ~ IAI Amount R•terved S- ~e~De~ BANK NAM€ 181 Premwm lot Credit ra ~ , Life/pi rtY Ins. = r 193! ~~t~ St• Jrl1t1~ n111~~ 3345 lCl Oocu ntary Stamps S ' FFtCE A ESS IDl N Charges litemrzel S : ; ' fEl s f n,UTE NO. DATED: Z4 , 19 IF? Z_ IG? Amount Financed u~04Z•ls uuE r~l u , lg~. IA, R, C, O, E, F) S • IH? Interest s • = f>t ACE: ~r~r ,FLORIDA 111 Credit Invesngation t IJI OtMr S "0" for value reserved, tM undersigned Ihereirwlter called "Maker") jantly and severally (i( (K) s ~.,re than one) promise to pay to the order of ilia Bank, at its office hstcd above, the Toul ; Payments (from INI at right) of Dollars payable in 1L1 s ,,,at monthly instaumenu of S ~Y •S ,the first IMI FINANCE CHARGE i`a~`•~ IH, I, J, K, L) S ,nst.rllment due on ~_Z~ , 199. arw subsequent installments due on INI Total of Payments IG + M) S • • tnv~~day of each m_ onth wafter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCE AGE RATE rK ~ 1 Tne Bank shall impose a delinquency charge against the Maker on any payment which has become due and remains •default for a period in excess of 1~ ~ , ;:.v s ,n an amount equal to ~ of the amount of the principal part of the payment in default. In the event that the Not not paid in full at maturity, all pay- t rnenrs, whether principal, interest Or•otherwise, shall bear interest at the maximum legal rate allowed under the law. 11 payments made hereunder shall be ~-stiffed first to interest and then to ncipal, however, in the event of default, the Bank may, in its sole discretion, y any payment to interest, principal ~ ~nd'or lawfulcharges then accrued. I~is the intention of the parties hereto that the provisions herein shall not provide !rattly or indirectly for the payment greater rate of interest or the retention of any other charge than is allowed 4Y law. If, for any reason, interest in a cess Of such legal rate or a charge pro- n,t;;ted by law shall at any time be paid, any such excess :hall either constitute and be treated as a payment on the principal or be returtded directly to the i:'.,i:er. The Maker may prepay the en re unpaid balance of the loan at any time. I( the loan is prepaid in full, accelerated or refinanced, the Maker shall receive ' + of and of the unearned portion o e interest and inwrance premiums computed by the Rute of 78's method, except that the bank shall be entitled to retain rn~n,mum interest chargq of . ~ CREDIT LIFE AND CREDIT LIFE dr DISABILITY IPISURA[dCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrancecoverage is wa,lable at the cost designated below for the term of the credit: lal S ~'0"' for Credit Life Insurance Ibi S ~a fr,r Credit Litef4 Disability Insurance: Check ? Credit Lift Inuurance is desired on the life of Birthdate ~pPt. ? Credit Life flt Disability Inwrance is desired on Birthdate ¢ E3ox edit Life and/or Disability Insurance is not desired. ~ Date: ~il ?~a 1919 Signature S • Signature = l~-C~ ' e F AFlERACOUIREO?RO?ERTYYMLIdESUdJECTTOTHESECURITYINTE ANOOTHERORFUTUREINOEBTEONESSISSECURE08YANYSUCHPRONERTY,ASFOLIOWS: hlake? 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 hereafter in Bzak's possession, and such security interest shalt also secure all other liabilities of Maker to Bank, whether primary, secondary, direct or contirsgent, present uture. The aforesaid security interest excludes the Makers primary residents unless said primary residence is described below. ' Lt !13,81, s~a!!/11 II, ~i0!!E OA! ~C~ R!l1,r1EE Imo, _ ~ m u uo:ra~ss= l~n ttert~tt. 3s• rack ual. wife! ~~s-~to~-» . ilia Bank regwres the Maker to obtain insurance coverage against loss or damage to the collateral securing the Makers indebtedness to the Bank, the Maker ` • , ~ ~,f,tain such coverage trom any agent, broker or insuror acceptable to the Bank. +s jointly and severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other parry to this note (all of whom are . _„n~fter for brevity called Obligor or Obligors) that: B ;nk shall exercise reasonable care in the custody and preservation of the Collateral and shall be deemed to nave exercised reasonable care if it takes such n for that purpose as Maker shall reasonably request in writing, but no om+ssion to comply with any request of Maker shall of itself-be deemed a failure to _ ruse reasonable care. Without limiting the generality of the toregoing, the Bank shalt have no resportsibiliry for ascertaining any maturities, calls, convey- . ~ ~ ,exchanges, offers, tenders or similar matters relating to any of the Collateral, nor for informing the undersigned whh respect to any thereof. Bank shall not -,~,und 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 rs nominee need not collect interest on or principal of any Collateral or give any nonce with respect to rt. Right is hereby expressly granted to the Bank at its • ~:,n to transfer at any trine to itself or to its nominee any Collateral and to receive the income thereon and hold same as security heretor, or apply it on the -~upat 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 :rice of this note and all other liabilities of each Maker to Bank shall thereupon or !hereafter, at the option of Bank, without notice or demand, become imme- " :•e!y due and payable: lal failure of any Obligor to perform any agreement hereunder or to pay in full, when due, any liability whatzcever to Bank or any in- • ! ~„ent thereof or interest thereon; Ibl the death of any Obligor, Icl the fiGrtg of any petition under the Bankruptcy Act, or any similar federal or state statute, against any Obligor, Idl an application for the appointment of a receiver for, the making of a general assignment for the benefit of peditors by, or the ,~;ency of any Obligor, lel the entry of a jtxlgment against any Obligor; !fl the issuing of any attachments or garnishment, or the filing of any lien, against • ; 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; the dissolution, merger, conso4dation, or reorganization of any Obligor lil the determination by Bank that a material adverse change has occurred in the ,nc,al condition of any Obligor from the conditions set forth in the most recent financial statement of such Obligor heretofore furnished to Bank, or from condition of such Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, or statement of any 1 ~ 7nr (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: Ij) the assignment by ".faker of any eywty in any of the Collateral without the written consent of Bank; Ik) failure to do all things necessary to preserve anti maintain the value _ rnllectibility of the Coflateral, including, but not hmrtid to, the payment of taxes and premiums on policies of insurance on the due date without benefit of , .:ce period. ~.~nloss 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- •:,le nonce of the time and place of any public sale thereot or of the time after which a private sale wilt be heW. The requirement of reasonable notice shall ~:et rf such notice is_ 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 refore the time of the sale. Upon disposition of any Collateral after the occurrence of any default hereunder, Obligors shall be and remain liable for any •~r+eney; and Bank shall account to Maker for any surplus, but Bank shall have the right to apply all or any part of such wrplus (or to hold the same as a ve) against any and a!l other liabilities of each or any Maker to Bank. °.,nk 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 • r ansfer this note and the Collateral, whereupon Bank shall be rebetted of all duties and responsibilnies hereunder and relieved from any and all liability with ;nrr.t to any Coflateral so pledged or transferred, and any pledgee or transferee shall (or all purposes stand in ttte place of Bank hereunder and have all the ~,rs ro Bank hereunder; (bl to transfer the whole or any part of the Collateral into the name of itself or its nominee; Ic1 to notify the Obligors on any Coll~t- ~ t~, 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 .:raf=!e with reference to the Collateral; and lel to take possession or control of any proceeds of Collateral- ^~o 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 ,ar or alteration shall be bincJrng on Bank unless in a writing signed by an authorized Bank officer, and then only to the extent specifically set forth therein. •:enrment, 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 or erxlorter liable on this note shall not.be deemed a payment o? discharge of this obligatron and the Lability created hereunder shall continue until this ~ a paid m tull_ The Obligors, jointly and severally, promise and agree to pay all costs of collection, including attorneys fees equal to 1~Xi of the amount r?cl, 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 undersign knowledge receipt o(a completed copy of this note on this date. - „~Sl 2311 >N os /i, street, sz.. 334!4 : ~,~~1-~c~ (SEALI ~-mss ~ / (SEAL{ ~'ae~ 307 o~~E1851 i5~ Hev. I!19 x