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HomeMy WebLinkAbout0128 DISCLOSU~E NOTE FOR INS'~ALLMENT LOANS ~ ~ f ~ ,~M IA) Amou~t Rece~ved S_!~~~_ BANK NAME . a (8) Prem~um lor Credrt ~ . . Lif~/Uisabil~ty Ins. S (C) Oocumenury Sta~nps S - ~ E (DI Other Charges lhem~:el S f E) ~ L-~ s-~-~~- ~'~OTE NO. OATED: . 19~• (F) ri~~ S ~1.r~s~_ IG? Amount Financed nuE rw 1 . 19~;. ~A, B. C. O, E, FI S_.S~Q~/,~- IHI Interest S a! ACE: '~~M ~ , FIORIDA (l) Credit Invesugaaon S__~~~~_ IJI Other S For value rece~ved, the undersigned (hereinatter calted "Maker") 1oi~tly and uve~ally (ii (K) S n,~~e !han one) prom~se to pay to tAe order of the Bank, at its ofhce I~sted ~ove, the Total - ,,f P~ymen~s Itrom (N) at nght) of ~+:~.aQ DoiWrs payable ~n (LI • S .~.~~;~1 monthty installments of s~~~~ , the t~rst ~MI FINANCE CHARGE IH, 1, J, K, L) S 1~7~~ ~~s~allment due on ~I~ 1 _ , 19~, and subsequent installments due oo (N) Total 01 Payments (G + M) S 7?:~,~ ~n~_~day or exn mootn iherea~cer, to9et~er w~th a F~NA~ BA~LOON PAYMEN7 OF: ANNUAL PERCENTAGE RATE 1A.~1 96 5 ~ DUE M«~~w+~M.. , ~g M The Bank shall impose a delinquency charge against the Maker on anY paVment which has become due and remai~s in default tor a period in excess of 10 ~ i.3~-s an amount equal to 9~6 of the amount of the principal part oi the payment in default. In the event that the Note is not paid in tull at maturity, all pay- ments, whether principal, interest or otherwise, sha11 bear interest at the maximum legal rate allowed under the law. All payments made hereunder shall be : cr~d~ted first to interest and then to principal, however, in the event ot default, the Bank may, in its sole diztretion, apply any payment to interest, principal ` :;nd or Iawtul cha rges then actrued. It is the intention of the parties hereto that the provisions he.eio shall not provide directly or indirectly tor the payment „t a greater rate of inte~est o~ the ~atention of any other charge than is allowed by law. If, for any reason, i~terest in excess oi such legal rate or a charge pro- r.~~~~ced by law shall at any time be paid, any such excess shall either constitute and be ireated as a payment on the principal or be refunded directly to the .t~!:er_ The Make~ may prepay ~he entire unpaid balance of the loan a[ any time. If the loan is prepaid in tull, accelerated or retinanced, the Maker shall receive ~etund of the unearned portion ot the interest and insu~ance premiums computed by the Rule of 78's method, except that the Bank shall be e~titled to retain - ~ m~nimum interest charge of ' - CREOIT LIFE AND CREDIT LIFE & DISABILITY INSURANCE ARE VOIUNTARY AND NOT REQUIRED FOR CREDIT. Such inwranoe rnverage is ,+vailable at the cost designated below tor the term of the credit: (a) S tor Credit Life Insurance (b) S fo~~d~ Disability Insurance: Check ? Gedit Life Insurance is desired on the life of ~ Birthdate Appl. ~ Gedit Life & Disability Insurance is desired o~ j~~~ r~ ~ BirthddtE 1~ Box ? Gedit Lite and/or Disability Insurance is ~ot d ired ~ Date: ~ 1• 147'9 S~9nature x~ -'Z~• " nature AFTER AC~UIRED PRO~ERTY WILL 8E SUBJECTTOTME SECURITY INTERESTAND OTHER OR FUTURE INDEBTEONESS ISSECURED BY ANY SUCH PROPERTY, AS FOLIOMIS: h4aker hereby g?ants to Bank a security interest in the property, if any, described in tAe space below and in all other property of Maker now or hereatter in Fi ~~~K's possessan, and such security interest shatl also secure all othe~ liabilities of Maker to Bank, whether primary, secondary, direct or contingent, present ~'uture. The atoresaid seCUrity intereit excludes the Nlakers primary retidente unleSi said prirtwry residence is destribed below. " ~t siecic 3I22 ~ po~rr st. i.ucu, ~ts~ ~s ; , . j c equires the Maker to ot~ta~n insurance rnverage against loss or damage to the collateral securing the Makers indebtedness to ihe Bank, the Maker ~ he Bank r { ; obtain such coverage irom any agent, braker or insuror acceptable to the 6ank. ! I[ is jointly and severally covenanted and agre¢d w~th ihe Bank by each Maker, endorser, surety, guaranror, and other parry to this note lall of whom are ' ~ e e~na(ter for brevity called Ob~~9or or Obl~gorsl [hat: 8ank shall exercise ~easonable care m the custociy and preservation of the Collateral and shall be deemed to have exercised reasonable ca~e if it takes such ° , r~on for that purpose as Maker shall reazonably request in wrrting, but no om~ssion to comply with any request oi Make. shall of itselt be deemed a failure to ~ ~•.~c~se reasonable care. W~thout limiting the generality ot the foregoing, the Bank shall have no .esponsibility for ascertaining any maturities, calls, conver- ;;n, exchanges, o`•fers, tenders or simila. mattArs relating to any of the Collateral, nor (or informing the undersigned with respect to any thereof. Bank shall not c,e t,ound to take any steps necessary to preserve any rights in the Collateral aga~nst prior parties, and Maker shall take all necessary steps for such purpose;_ Bank ~ ~ ~s nommee need not collect interest on or principal o~ any Collateral o? give any notice with respect to~it. Right is hereby expressly granted to the Bank at its ! ~ p~,on to trans~er at any time to itself or [o rts nominee a~y Coltateral and to receive the income thereon and hold same as security herefor, or apply it on the ~ p- nc;pal 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 Ba~k deems itself insecure, the entire unpaid ~ ~:.+~ceof this note and a~l other IiabHit~es oi each Make- to Bank shall thereupon or thereafter, at the option ot Bank, without notice or demand, become imme- ~ ,,cely due and payable: (a) failure of any Obligor to periorm any agreement hereunder or to pay in fu~l, when due, any liabiliry whatsoever to Bank or any in- ~ : me~t thereof or interest thereon; (b) the death of any Obligor; (c) the filing of any petition under the Bankruptcy Act, o~ any similar federal or state statute, ~ k aqa~nst any Obligor: (d) an app~ication tor the appointment of a recerver for, the making of a general assignment for the bene~it of creditors by, or the ~ : ,~vency of any Obtigor, (e) the entry of a judgmeot against any Obligor, (f 1 the ~ssuing of any attachments oi garnishment, or the filing of any lien, against g =,y property of any Obligor: (91 the taking of possession of any substant~al part of the property of any Obtigor at the instance ot any governmental authority; ; che dissolution, merger, consolidation, or reorganization of any Obligor, li) the determination by Bank that a matenal adverse change has occurred in the i ~,ncia~ condiYion ot any Obligor from the conditions set forth i~ the most recent financial statement ot such Obli9or heretotore fumizhed to Bank, or trom ~2 condrtion of such Obligor as heretofore most recently disclosed ta Bank in any manner, or that any warranry, representation, ceriificate, or statement of any ~ ! ~gor (whether conta~ned in this note or not) pertai~ing to or m connecuon with this note or the loao evidenced by this note is not true; (j) ihe assignment by € : ~ y Maker of any eqwty in any of the Cotlateral without the written consent of Bank; (k) failu?e to do all things necessary to preserve and maintain the value ~ ^c: coll¢~tibility o~ the Collateral, including, but not limrted to, the payment ot taxes and premiums on policies oi insurance on ihe due date without benefit of ~ qrate p¢.iOd. ' Unless the Collateral is per~shat~le or threatens to decl~ne speedily in va~ue or is of a type customarily sold on a recognized market, Bank will give Maker rea- i . n:~ble notice of the ume and pface oi any public sale the~eof or of the time after which a pr~vate sale will be he1d. The requirement ot reasonable ~otice shall _ j met it such notice ~s mailed, postage prepaid, to any Maker at the address g~ven be~ow or at~any other acidress shown on ihe records of ihe Bank, at least ten ~ ~ys before the nme of the sale. Upon d~zpos~tion oi any Collaterel after the occurrence oi any default hereunder, Obligors shall be and remain liable for any } :`~c~ency: and Bank shall account to Maker tor any surplus, but Ba~k shall have the nght tn apply all or any part of such surplus (or to hotd the same as a ~ ;erve) against any and all other I~ab~lities oi each or a~y Make~ to Bank_ • Bank shall have, but shall not be limited to, ihe ~ollowing rights, each of which may be exercised at any time whether or not thig note is due: (al to pled9e transfer this note and the Collateral, whereupon Bank shall be relieved oi all duties and responsibilities hereu~der and reheved from any and all liability with ~~>pect to any Collateral so pledged or trensferred, an~ any pledgee or transieree shall for all purposes stand in the place of Bank hereunder and have all the ;!~ts to Bank hereunder; (b) to trans(er the whole or any part of the Collateral into the name oi itseli or its nominee; (t) to notify the Obtigors on any Collat- e~„I to make payment to Bank of. any amounts due ur to become due thereon; (d) to dema~d, sue tor, collect, or make any compromise or settlement it deems ~ ~:es~~able with reterence to the Collateral; and (e) to take possession or controt oi any proceeds of Cotfateral. ~ No delay a omission on the part of Bank ~n exercising any right hereunder shall operate as a waiver of such r~qht or of any other riyht under this note. No r. ,~ver or alteration shall be bind~ng on Bank unless in a miting sgned by an authorized Bank otiicer, and then only to the extent specificallY set forth therein. r-~>>entment, demand, protest and not~ce of dishono?, are hereby waived by each and every Obligor_ The taking oi a renewal ~ote without the signature of any ~ ~~:~ker or endorser Iiable on this note shatl not be deemed a payment or discharge oi this obligation and the I~ability created hereunder shall continue until this ~s pa~d 1n full. The Obhgors, jointly and severally, prom~se and agree to pay all costs ot coltecUOn, includirx~ attorneys' fees equal to 1~X of the amount s ~,n~:ncecf, or such la~ger amounu as may be reasonable and just if coltected by legal proceedmgs or through an attorney at law, including appe~late proceedings. ~ The unders~ ned acknowledge receipt of a corttplotgd copy of this note on ihis date. ~ f~fress Z~ ~ ~Gl~'A ~t- " 2;~~!!:/'~'`+~r • ' • (SEALI ± ~ P.i.L. tlosida 33452 e aw ek :-r (SEALi ~ :rf~ess - ?1;, FA. VOU . GF ' 128 . . ~ ~ , _ _ ~ . _yr . . . _ .