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HomeMy WebLinkAbout1858 ~ OISCIOSURE NOTE F INSTALLMENT LOANS ,~t~M ~h_ Ste. ' ~ IAI Amount Received S .8A NAME IBI Premwm for Credit f ' ' file/Disability ins. s~~~ 1114 ~:O~a~ .1MM~ MNII~ ~ ICI Documentary Sumps S i4j~ OFFICE ADDRESS 101 Other Charges Iuemusl S ttllAr~~ NOTE NO. O T ~ • -~11'~1• ~ ~ IEI s ~ , lGl Amount Financed i l)uE:~ Asaril ~ ~ t9M _ IA, 8, C, D, E, F) S ~.~14.~'J IHI Interest S Pt_ACE: ~W~ - ,FLORIDA 11) Credit Invesagaaon s 11R~ T IJI Other S tier! For value received, the undersigned thereinafter caned "Maker") jorntly and severally lif more than one) Promise to pay to the or' of cMhe Bank, at its olbce listed above, th oral IKI s~1e_~!_ . r.1 Payments (from INI at right) of 1 •a/ golfers payable in (L) s__J~ r•, ual month) instal rrtettts oft 1 •M IMI FINANCE CHARGE ' I Y ( ,the first (H, 1, K, L) S ~a~ ,nstallment du! on ~ , 19 and wbsequent installments due on INI Total of Payments IG ~ M) S ~ ' the day of each month therealte~, togeH+erwith•a-FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE i ~ ._,_'X. The Bank shall impose a deliriquerrcy charge against the Maker on any payment which has become due and remains in default for a period in excess of 1G trays in an amount equal to of the amount of tM principal part of the payment in default. In the event that the Note is not paid in full at maturity, all pay- ments, wftether principal, interest or otherwise, shall bear interest at the maximum legal rate allowed untfer the law. All payments made hereunder shall be ' credited first to interest and then to principal, however, in the event of default, the Bank may, in itt sole discretion, apply any payment to interest, principal and/or tawfulchargas then accrtxd, It is the intention of the parties hereto that the provisions herein shat t provide directly o? indirectly for the payment of a greater rate of interest w the retentiop of any other charge than is allowed by law. tf, for any re ,interest in excess of such legal rate or a charge pro- h,bited by law shall at any time be paid, any such ezeess shall either constitute and be treated ss y nt on the principal or be refunded directly to the h!aker, 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.sfiall receive refund of the unearned portion of the interest and insurance premiums computed by the Rule of 78's method, except that the Bank shall be entitled to retain minimum interest Charge Of =S.~Q. CREDIT LIFE AND CREDIT LIFE dt DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Sudt irtstrrance coverage is available at the cost designated below for the term of the aedit: lal S for Credit Life Insurance (bl S tpr Credit Life t4 Disability Insurance: Check ? Crtldit Lite Insurance is desired on the life of Birthdate Appl, t?n (kedit Life dt Disability Insurance is desired on Birthdate _ ~ Box ev Credit Life and/or pisability Insurance is not desired. • • ~ z , Date: i l Signature attire AFTERACOU OPROPERTYIMLIBESUl1ECTTOTHESECURITYINTERESTANDOT RORfUTUREINOEBTEDNESSISSECUR YYANYSUCHPROPERTY, fOLLOWS: 4 l I Maker hereby greets to Bank a security interest in the property, ii any, d ribed in the space below and in all other property of Maker now or hereafter in f Bank's possession, and such security interest shall also secure all other liabilities of Maker to Bank, whether primary, secondary, director contingent, present u• future. The aforesaid security interest excludes the Makers primary residence unless said primary residence is descritxd below. Lo! 1449 also koo.~ as Lot •il o! MOL.I~Y qR AT >l!. LIIC2t, is iss~tilrsl . i~ sail ~ssegagt.. ~ ti [he Bank requees the Maker to obtain insurance coverage against loss or damage to the cottareral securing the Makers indebtedness to the Bank, the Maker ,y obtain such coverage from any agent, broker or insuror acceptable to [he Bank. It is jorntly and severally covenanted aril agreed with the Bank by each Maker, endorser, surety, guarantor, and other party-to this note !all of whom are • r•~rinafter for brevity called Obligor or Obligors) that: Bank shad exercise reasonable care in the custody and preservation of the Collateral and shall be deemed to have exercised reasonable care if it takes such ....tin for that purpose as Maker shall reasonably request in writing, but no omission to comply with any request 6f Maker shall of itself be deemed a failure to ;:.erase reasonable care. Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, calls, conver- i:~m, exchanges, offers, tenders or similar mattdrs relating to any of the Collateral, nor for informing the undersgned with respect to any thereot. Bank shall not ..r• tu,urd 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 • its nominee need not collect interest on or principal of any Collateral or give any nonce with respect to it. Right is hereby expressly granted to the Bank at its jiron to transfer at any time 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 • ;i•~raj>al or interest due hereon or due on any babifity 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 I ::.,lance of this note and all other tiabdities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, without nonce or demand, become imme- +,reiy due and payable: lal failure of any Obligor to perform any agreement hereunder or to pay in full, when due, any Ijability whatsoever to Bank or any in- ii s:.:i,nent thereof or interest thereon; Ib) the death of any Obligor; 1c) the filing of any petition under the Bankruptcy Act, or any similar federal or state statute, 1 i>; or against any Obligor, Idl an application for the appointment of a reserver for, the making of a general assgnment for the benefit of creditors by, or the •~salvency of any Obligor; let the entry of a judgment against any Obligor; Ill the issuir?g of any attachments or garnishment, or the filing of any lien, against :rtv Property" of any Obligor; !g) the taking of possession of any substantial part of the property of any Obligor'at the instance of any governmental authority; ~r.i the dissolution, merger, consolidation, or reorganization of any Obligor; (i1 the determination by Bank that a material adverse change has occurred in the f,n~ncial condition of any Obfigor.from the conditions set forth in the most recent financial statement of such Obligor heretofore furnished to Bank, or from she condition of such Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, or statement of any ~h~igor (whether contained in this note or not) pertaining to or in connection with this note or the loan evidenced t:y this note is not true; Ijl the assignment ny -~y Maker of any egwty in any of the Collateral without the written consent of Bank; Ik1 failure to do all things necessary to preserve and maintain the value ,~<f c edibility of the Collateral, including, but not limned to, the payment of taxes and premiums on polrcie f insurance on the due date without benefit of t 'h•~ _ ace period. spl\ _ _ Unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on ~l ecogmzed market, Bank will give Maker rea- ,i~,t,le nonce of the time and place of any public sale thereot or of the time after which a private sale will be lief .The requirement of reasonable notice shall t r,-~ r,ret if such notice is mailed, postage prepaid, to any Maker at the address given below or at any other address wn on the records o! the Bank, at least ten ,yz before the time of the sale. Upon disposition of any Collateral after the occurrence of any default hereunde Obligors shall be and remain liable for any r'~•t~ciency; and Bank shall account to Maker for any wrplus, but Bank shall have the right to apply all or any pa of such wrplus (or to hold the same as a ?sir ve? against any and alt other liabilities of each or any Maker to Bank. Bank shall have, but shall not be I:mi[ed to, the following rights, each of which may t,e exercised ar any time whether or not this note is due: la) to pledge rransfer this note and the Collateral, whereupon Bank shall be relieved of all duties aril r rbilities hereunder and relieved from any and all liability with ~~sp°ct to any Collateral so pledjled or transferred, and any pledgee or transferee shall f all purposes stand in the place of Bank hereunder and have all the • ;firs to Bank hereunder; Ibl to transfer the whole or any part of the Collateral into t name of itself or its nominee: Icl to notify the Obligors on any Collar- •.~.,I ro make payment to Bank of any amounts due or to become due thereon; (dl to errand, sue for, collect, or make any compromise or settlement it deems ~!-'triable with reference to the Collateral; and Ie1 to take possession or control of any oceeds of Collateral. No delay or om,ssion on the part of Bank in exercising any right hereunder shat operate as a waiver of such right or of any other right under this note. No rover or alteration shall be binding on Bank unless m a writing sgned by an author ed Bank officer, and then only to the extent specifically set forth therein. P~ esentrrtenr, demand, protest and notice of dishonor, are hereby waived by each a d every Obligor. The taking of a renewal note without the signawre of any - ,~.er or endorser liable on this note shalt not be deemed a payment or discharge this obligation and the liability created hereunder shall continue until this is paid in (ult. The Obligors, jointly and severally, promise and agree to pay all costs of collection, including attorneys" fees equal to 10'Xi of the amount : ~ raced, or such larger amounts as may be reasonable and just if collected by legs proceedings or through an attorney at law, including appellate proceedings. The u rs,gned acknowledge receipt of a completed copy of.this note on this~date. si ~ ~ ~ _ _ --~;r!reSS Ri~?t>tsaids~ r? 0~7s Mir M. Y3 - ' •:~hlres5 ISEALI Alfsrda K. Vi»rzfiki ~Q~K , ~3U7 YAC~ 1858 _ i t3', I S? Rev. 1 / 79 , - _ - - -k