HomeMy WebLinkAbout2469 DI~CLOSJRE NOTE FOR INSTALLMENT LOANS 1
' ~,t 1 fAl Amnon: Rrce+vcd $ ~ rJ~L,= ~ -i
_ ..a tio.ial F3snk ofFort Pierce
- ~ - DANK NAME !B1 Prem+um for Credo
• _ Liferorsabrlrty In:. s 43.79 ,
---Felt Office Box 970, Fort Pierce, Fla. 334S0 - tc? Documentary Stamps s 3 Lr` 1
OFFICE AppuES:, t0) Other Charles (itemize( snore
-A ~/q fEl s none
7c NQ.f~~O~'DATED: APMI j$1 ,.191-aZ.. (F) s none n
_ _
iG1 Amount Financed 547 - -
(._;E April 18 - 19$L. fA, H, C. O. E. F) - S_2 . _~69
lH1 Int.rea s 34 6.9~ #
aCE: Fort Pierce ~ , FLORIDA . 111 Credit Inws[igauon s 2 5.00
ul other s none
For value ?scawed, the undersigned (hereinafter called "Maker) joinHy and stverapy lit IKl S none
+nore than one( promise to pay to the order of the Bank, at its olfice listed above, the ATotal
?ayrntn[s (from (NI ae right) of ~2 , 919.60 pollars payable rn Z~_ fLl S none
121.6.5 ,the first IM? FINANCE CHARGE '
ritual monthly instaNments of $ IH, 1, ,J, K, 1.1 S 371 _ 9l
costa:: Tent due on Mad/ 18 , , tg79 ,and subsequent installments due on (N) Toul of Payments (G + M) s 2 •919.60
18 aav of each month thereafter, together month a FINAL. BA!_EOON PAYMENT OF: ANNUAL PERCENTAGE RATE 13.44 rx ~
_~{~ne DUE nnng , t9 -
Th~ Bank shall impose a delinqusrtcy charge against the Maker on any payment which has become due and remains in default for a period in eYCSSS of 10 ~
~v s .n an amount equal to 5'Xi 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 psy
masts, whether principal, interest or,otherwise, shall bear interest st the maximum legal rate allowed under the law. All payments made htreustder shat) be
;-red,ced fast to interest end then to principal, however, in the event of default, the Bank may, in its sofa discretion, apply any psymtnt to interest, principal
.,^.i or lavful charges then accrued. It is the intention of the parties hereto chat the provisions herein shall not provide directly or indirectly for the payment
of ,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 rats or a chuge pro- ~
n+o+ced Dy law shall at any rims be paid, any such excess shall either constitute and be treated as a payment on the principal or be refunded directly to the
~.taKer, Tfta Maker may prepay the entire unpaid balance of the loan at any time. If the loan is prepaid in full, accele?sted or refinanced, the Maker shall receive
a refund a` the unearned portion of the interest and insurance premiums computed by the Rule of 78's method, except that the Bank shall tts entitled to retain
a m+nimum interest of SS.OQ t
CREDIT LIFE ANO CREOlT LIFE & DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such insurance Coverapa is
a•.a+labls n the Cost designated below for the term of the credit: lal S 43.79 for Credit Life Insurance Ibl S
for Credi}~t(L~if[(e dr Disability Insurance: -
Check "L~Credit life Insurance is desired on the life of Beatrice White Birthdate R f
-;~~7q
=.ppl. ~ Credit Life de Disability Insurance is desired on Birthdt+te -
6Jx L7 Credit Life and/or Disability Insurance is trot desired.
Date: April 18.1979 $ignature ~ J~1~~.~ Signature -
a=TER AC~UIREDPBOPERTY1Mll BESUS?ECTTOTNESECURITY INTERESTANO OTHEROR FUTUREINDEBTEDNESSISSFCURED BY AMY SUCHPROPERTY, AS fOt.LOwi
::".!aker hereby grants to Hank a security interest in the property, if any, described in the space below and in all other property of Maker now or hereafter in
mar<'s possession, and such security interest shall also secure alt other liabilities of titaker to Bank, whether primary, secondary, direct or contingent, present
r uture. The aforesajtyeC
rn Jn; pescggagethe Makers primary residence unless said primary residence is described below.
Property SDiscriaptiMOO1nL-Lot 1, Block 5, Revised Plat of South 25th Street Subdivision,
according to the Plat thereof as recorded in Plat Book 11, Page 46, ?ublic Records
of St. Lucie County, Florida
1` the Hank requires the Maker to obtain insurance rnverage against loss or damage to the collateral securing the Makers indebtedness to the Bank, the Maker
ma•; obtain such coverage aom any agent, broker or insuror acceptable to the Bank.
!t ,s jointly and severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and ether party to this note (all of whom ate
nare~naiter for brevity called Obligor or Obligors) that:
Hank shalt exercise reasonable care in the custody and preservation of the Collateral and shall be deemed to have exercised reasonable care if it ekes such
:t ~n for that purpose as Maker shall reasonably request in writing, but no omission to comply with any request of Maker shall of itserf be deemada failure to
f exercise reasonable care. Without limiting the generality of the foregoing, the Bank shat) have no responsibility for ascertaining any maturities, calls, conver-
< ~n, exchanges, offers, tenders or similar matters relating to any of the Collateral, nor for informing the undersigned with respect to any thereof. Bank shall not
courtd to take any steps necessary to preserve any rights in the Collateral against prior parties, and Maker shall take all necessary steps for su~Jt purposes. Hank
c: .'s nominee need not col:ect interest on or principal of any Cattateral or give any notice with respect to it. Right is hereby expressly granted to the Bank at its
:~cn to transfer at any tune to itself or to its nominee any Collateral and to receive the income thereon and hold same M security herefor, or apply it on the
• ^cipal or interest due hereon or due on any liaoility secured hereby.
P l;pOn :ne happening of any of the following events, each of which she+l constitute a default hereunder, or if the Hsnk deems itself insecure, the enure unpaid
.:,~ance of this note and all other liabilities of each 1rlaker to Bank shall thereupon or thereafter, at the option of Bank, v?ithout notic+~ or dernartd, become irr.me- • . -
( ~*eiti due and payable: !al failure of any Obligor to perform any agreement hereunder or to pay in full, when due, any liability whatsoever to Bank or any in-
J:=~ mess thereof or interest thereon; (b) the death of any Qbligor, Ic1 the filing of any petition under the Bankruptcy Act, or any sim~tar federal or state statute,
_ , ,r against any Obligor, (d) an application for the appointment of a receiver for, the rrtakrng of a general assignment !or the benefit of creditors by, or the
;.~Ivency of any Obligor; tel the entry of a judgment against any Obligor; Ill the issuing of any attachments or garnishment, or the filing of eny lien, against -
~ property of any Obligor, Ig1 the taking of possession of any sutxtantial part of the property of any Obligor at the instance of any governmental authority;
t 1h, the dissolution, merger, consolidation, or reorganization of any Obligor, (il the de*.ermiration by Bank that a material adverse change has occwrrf in the
~~ranc+al cordrion of any Obligor from the conditions set forth in the most recent financial statement of such Cbli3or heretofore furnished to Sank, or from
condition of Such Obl+yor as heretofore most recently disclosed to Sank in any manner, cr that any warranty, repr=serration, certificate, or eta:~rrent pf any _
yor (whether conta+ned in this note or no*.) pertaining to or in cannecuon with this note or the loan evidenced by th+s pore is not true; fjl the ass:ant.-.ens by
P,Aaker of any equity in any of the Collateral without the written consent of tank; (kl failure to do all things necessary to preserve. and maintain the value
a collect:ndity of the Cctlateral, including, but not limited to, the payment of taxes and premiums on policies of insurance on the due date without be++efit of
grace period. ~ _
F i;nl~s the Collateral is ishablg or threatens to decline speedily in value cr is of a ^/pe cunomarily sold or. a reccg~,zed market, Sank s:•il! i•ve ;<1z- ~ .~a-
y public safe [hereof or of the time after ~fiith ; p: i•ra:z s.:,'e lull( be hE-c'. i t~ rcnui:rT.en: ai •eas„^~b1;: no;.-.+ shwa
so,~b'~ notice of tie tinte and placr, of an
to ales iF such notice is mailed, postage prepaid, to any Maker at the address given below or at any other address shown an the records of the Sank, at Ia3sL:ze
a , : tse'ore the tans of the sal?. Upoa disposition of any Coltatera: of;2r the occurrence of any default hereunder. Ob:igors shall be and remain !iaMe fcr
..::ccrncy; and Bank shall acccunt to Maker for any surplus, but Sank shall have the r~_,ht to apply all or any u:n of loth surplus for to held :h~ sum: a
r_s?rue) a,amst any aril all ether liabilities of each or any !Aakar to Bank_ - - - -
( °ank shall have, trot sh; ll not be limited to, the following rights, each of which may ~ exercised at any limo wh~thnr or not this Wort is due: la? M pl2d~;
- ~ _
f n+ transfer this note and the Collateral, whereupon Bank shall be relieved o` ail dunes and responsibdiues hereunder and relieved from any an3 all !iabifi:y with
3
- : zspect 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 [t:a -
r -,tits to Bank hereunder, Ib1 to transfer the whole or any part of the Collateral isle the name of itself or its nominee; (c1 to notify the Obligors on any Cal:at-
e-3I ;a make payment to Hank ct any amounts due or to become due thereon; (dl to demand, sue tor, collect, or make any compromise or settlement it deems
Cavrable with reference :o the Colfateral; and ie1 to take possession or control of any proceeds of Cottaterat_ - -
M11o 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
:reiver or alteration shall bs birxling on Bank unless in a writing signed by an authorized Hank officer, and then only to the extent specrficalty set forth therein
P~esen:ment, demand, protest and notice of dishonor, are hereby waived by each and every Obligor. The taking of a renewal note without the signature o. any -
rraKer or endorser liable on this note shall not be deemed a payment or discharge of this obligation and the liability created hereunder shall continue unto this
:.;e is paid in full. The Obligors, jointly and severally, promise and agree to pay all costs of collection, including attorneys fees equal ;0 10;e of the amount
nanced, or such larger amounts as may be reasonable and- just if collected Dy legal proceedings or through an attorney at law, including appellate proceed:^3s.
- The undersigned acknewltd9e receipt of a completed copy of this note on Mss date.
:--dress 2601 S. 26th St., Fort Pierce, Fla. 33480 ~'7 ~ - ~_r~, IsEALI ,
:..ri•ess _ ~~eatri~~~~11~tt '~G~=G4~'~~ ISEAI)
- Daniel Ken//n//et[n/`Williams
_ I - B~Gr t)l_~~ FA~F~~~ _ .
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