HomeMy WebLinkAbout2476 • DISCLOSURE NOTE FOR INSTALLMENT LOANS
_ ..5i_~~a~t,ORdl Banff ofFort Piarcf: _T (A? a+nauntAc :,tied s fi.0~0~0~~_
BANK NA6tE 18) Prlmwm for Craatt r
life/Disability Ins. S 328.73
Post Office Box 970, Fort Pierre; Fla , 33450 - Ic? Docurt?entary Stamp - : S~•-b~~- .
__r. OFFICE AC10Rt55 - (D) Other Charges (itemize) S11Q_~__ i
tEl S n~n~
:7 T E ~o. r,? G o0 5~3 -nZ DATED:_ ~~~•1
17y_ ~ : 19 79 iF) s nor
- ~ (GI Amiwnt Financed - -6 338 33 ~ -
April 17 . ~ r _ - - .-1984. IA e..c. D. E. F) s~_
IHI Interest S 2 , 40~, 67
r~;,c~_ Fort Piece , FLORIDA 11) Credit Investigation S .~.~-Q_~_
u) oth« s non a
For value received, the undersigned (hereinalter called "Maker") jointly and severally lif IKI S none
r^ore than one) promise to pay to Cthe order of the Bank, at us office listed above, the Total
c t Payments (from INI at right) ofv8 r 766 • DO Dollars payable in 60 (Ll S non
equal mOntAly installment}~Of s 146.10 ,the first IM) FINANCE CHARGE 2 427.67
j~/j (H, 1, J, K, LI S ~
n,tallgtent dw on y r , 19_, and subsequent installments due on (N) Total of Payments (G s V1) S
:~r j ~ tlay of each month -na+eafter, together w+th a FfNaL BaLLOON aAYMENT of ANNUAL PERCENTAGE RATE_
none DBE none , t9
'~e Bank shall ii;tpose a delinquency charge against the Mager on any payment which has become due and remains in default for a period in cities of 1Q
: s .n an amount equal to S'{. of the amount Of the principal part of the payment in defauL• In the avert that the Note is not paid in furl at rt+a:wily, a!1 AaY-
--rn;s, wheeher principal, interest or otherwise, shall bear interest at the maximum legal rate allowed undo the taw. All payments made hNeundlr shall be
atryl first to interest and then to principal, however, in the event of default, the Bank may, in iii sole detection, apply any payment to interest, principal
-1 er ia•.v!ul cha egos then xci'ued. It is the intention of the parties hereto that the provisions herein shall not provide directly or inoiretNy for the payment
a greater rate of interest or the retention of sny other charge than is allowed by law. If, for sny resson, interest in excess of such legal rate or a charge pro-
- ~,cau by taw shall at any time be paid, any such excess shall either constitute and be treated as a payment on the principal or be refunded directly to the
~ r. The btaker may prepay the entire unpaid balance of the loan at any time. If the loan is prepaid in full, aculerated er retinanCed, the lWakar stta!1 receive
•efu^c of the unearned portion of the interest and insurance premiurtts computed by the Rule of 78's method, except that the Bank shall be entitled to retain
~ n ~;~~mum interest of 55.00.
CREDIT LIFE AND CREDIT LIFE & DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrance coverage is
a:a~iabis at the cost designated below for the farm of the credit: la) S 328.73 for Credit life Inwranq (b) S '
f;;r Credit rnlyrif~~e 8 Disability Insurance: _
Check ~F;redit life Insurance is desired on the life of Piron DuPont B'uthdate 4~7~33
appl. ? Credit Life Et Disability Insurance is desired on ~ ~ Birthdate
Etox ? Credit life and/or Disability Insurance is rat d~"
pate: April 17,1979 Signature ~~~f
Signature -
AFT~R ACOUIREOPROPERTY rMILL BESUBJECTTOTHESECURITYINTERESTAND OTHEROR FUTURE INOEdTEDNESSISSECUREO BY ANYSUCNPROPERTY,AS FOLl01YS:
~'a<er hereby grants tp Bank a security interest in the property, if any, described in the space Gelow ar?d in at! other property of Maker now or hereafter in
~r,k'; possession, and such security interest shall also secure all other liabilities of A".ake+ to Bank, .whether primary, secondary, direct or contingent, present
fist„re. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below.
Begin at the SW corner of the SW a of the SW a of the SW a of Section 9 ,
township 35 South, (Range 39 East, St. Lucie County, Florida, run
::,srce North 180 feet along the west Sectional line; Thence tun East
242 feetn;~nthenc}e ruin{Souttth 1~8y0 fepet to tfhe South Secttional li~n,,~e; ~y ,,f
h~.~i~'~3~r c Tet;t,•sr~t~tS~la~~ `D 6~rt~lr ihQr;~it~cdv~~~~g~hstb
t~~ to tM~~~t~t~~et~u~fr;`th~~~c~4} i~~~nt~4 t$Vt~rB~Ak, the Maker
--~v oacain such coverage from any agent, broker or insuror acceptable to the Bank.
it is jointly and severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party tU this note (all of whom are
~~•=matter lot brevity called Obligor or Obligors) that:
Bank shall exercise reasonable care in the custody and preservation of the Collateral and shalt be deemed ;o have exercised reasonabi~ care if it takes such
e;:ron for that RurpOSe as Maker shall reasonably request in writing, but no omision to comply with any request of !/aker shall of itself be deemed a failure to
e.~•cise reasonable care..Yithout 1;:niNng the generatrt'! of the foregoing, the Bank shall have no respotsibihty for asCerairing any -±atun;:es. calls, conver-
:n, exchanges, offers, rand?rs or sim+ia. matters relating to any of the Collateral, nor for inro.rai~g the trnden:gned with respect to any thereof. Bank shall no:
..e ~ovnd to take any steps necessary to preserve any ri.;hts in the Caitateral agains*. prior parties, and fr1aicer shall [eke zll necessary steps roe such purposes. Bank
its nominee need not collect interest cn or principal of any Collateral ar give any notice with rospett to i~ p ;ht is h_re1)y ex9r?Say ore^tid to the Bank at its
;p transfer at any time to it;etf or to its nominee any Ccllarera! and :d receive rho income the: eon and hold same as security hrretor_or apply it on the
rc~t)al err interest due hereon or due on any liability secured Mr!by.
L'p,n ;ne happening of any of ;he following events, each of which shall constitute a default hereunder, or it tea R3n4 creams rtse?t insecure, ~e entire urtaa•d '
,~.:~~e of this Wore and a!1 other liabilities of each Maker to Bank ;halt thereupon or thereafter, at ttta eGt:on err 8a^k, swincu; refits o: deer -d, beearr•r imme-
{ _ r cue ono payable: (al failure of any Obligor to perform any agreement hereunder or :o Rav in *utt• :rt-en due, any ti3pitit/ w^.at;defer :O Bank or any in-
s:~i ~?nr ;r~•eof or interest thereon; Ibl the death of any Obligor, Ic; the filing of any portion under tier Banlr-t:ptcy %act, o~ an•, similar `e,:rat or stare statute,
3:.a;rat any Obligor, !di 3n appiic3tion for the appom!+nent of a receiver for, the maki:rg of a Cs?rrer8t 3srgnrnent `•pr *.fe Den@f°: Oi C!d+t0 , 5y, Qr the
s so~~ercy of any Qbhgpr let the entry of a judgment a;amst any Obligor, (f) [he issuing of any attachments or garnishrnara, or the f.ting of any lien, agar+st
{ err. r prtH.terty o! any Obligor; (g) the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental authority:
t-e dssehstian, merger, ccn;olida;ion, cr rep:ganiration of any Obligor; ii) the dstermrrtation by Bank 7tat a rnateria! ad.rrse chzr+3e has otturred in fns
! * .uncial condition of any Obligor from the conditions set forth in the most recent financial statement of such Obligor heretofore furnished to Bank, err from
':a cond+tion of such Gbligor as heretofore ender recently diselcsed to Bank in any manner, or that any warranty, r.~presentau~n, ~ertificat?, or sraten•.ent of any
^r I.vhether curtained in finis not! or notl pertair±mg tc or in connection with this note or the loan rvidPnced by this note is nc: tr,:e: =.tl the ass•gnmant i:+y
t ;nv h+aker of any egwty in any of the Collateral without t`ie v.ritten consent of BonY.; (k) faaure to do all throes necessary to preserve and maintain ;he value
€ a-~ callectibility of rho Collateral, including, but not iintiie(: to, ;h' payment of taxis and p:erniums on policies of insurance on the due date wrthout benef;t of
?race period. _ _ _ -
Ur'ess the Collateral is p_rishtbl. o: throarens to decline sae~~ily in value or is of a type aatomanly sold on a recoc,ni[e!f ;nark'at, Sjsk srR give Maker -ea-
s~nahle notice of the rim.? erne place of any public sa'e the+eof or of the time after Ht:ich a prwate sale v.il: Ce held. The tE'quiren:?nt pf tea;or.~ate notice ,h.•!t
e .,a rret if such notice is m•,~led, postage prepaid, to any Maker at the address 9i.en below o~ " my other address sho+un on the rg¢prdz of ;ha Bank, at toast ten
o~ys t?fora the tim+ of the sale. Upon disppsirion of any Coax;?cal after the octurrenc~.:,` •y ri•+iautr hereunder, Ohl:,ars shall b~ a:vJ ter:~~rn liabto for any
^-~ticiency: and Bank shalt account to bfak?r for any wrpius, nut Bank shall have the right ter apply all or any part Of sech surplus for to hold the same as a
esarva) against any and a!I om+: liabilit+es of each cr any `Qakor ro Bank- -
Sank shall have, bu! shall not be limited to, t:~e f ~~Ilevrinr} rights, each of which may be t*ercisar! at any time wheth.r er not this note is due: lal to plcrdaa
~r transfer this note and the Collateral, whereupon Bank shall be relieved of aft duties and resppnzibilities hereunder and relieved fror^ any and all liability
_ aspect to any Collateral so pledged or transf2rr¢d, and any ai~gee or transferee shall !or all purposes stand in the place o` Bang her2un[ier and have aN the
- ~~ts to Bank hereunde+; {bl to transfer the whole or any part of the Collateral into the nacre of itself or its nominee; Ic1 to notify the Obligors on any Ccila;-
zra; to make payment to Bank of any amounts due or to biome due thereon; (dl to demand, sue for, collect, or make any comprom+s? or settlement it d?ems
desira'Jle with reference to the Collateral; and k) to take pons?ssion or control Of any proce•~ds of Collateral_ -
PJo 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 .
:.ever or alteration shall be binding on Bank unless in a writing signed by an authorized Bank officer, and then only to the extent specitica!Iy s!t forth therein.
~•zs~ntrrert, demand, protest and notice of dishonor, are hereby waived by each and every Obligor. l'ha taking of a renewal note without the signature of or:y
r-~<er or endorser liable on this note shall not be deemed a payment or discharge of this obligation and the liability created hereunder shalt continue until chi,
-r;;~ is paid in full The Cbhgon, jointly and severally, promise and agree to pay all casts of collection, in m9 attorneys fees equal to 10Yi of the amount
~~-iarr_e0, or wch large. amounts as may be reasonable and just iF collected by legal proceedings or ugh an attorney at law, including appellate proceed+ngs.
The undersigned owledge receipt o(a completed copy of this note on this date
3
:T ~
~„u Rt. #5, Box 775, Cokey Rd. , Fort- Pierce, ti ~ ISEa~I
Fla. 33450 it D nt .
.::'dress (ScAL3
~0~~3~7 o~~f247 : .
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