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Home My WebLink About0137 ' i~~r ~ . DISCLOSURE NOTE FOR INSTALLMENT,~.OANS ' ~ Jeaa~a ~ca ~k (A) Amoum Rece~ved s IO,000.00 BANK NAME ' (B) Premium to~ Credit Li(t/Oiiabih~y Ins. S ~s~.~ 1l39 Corsscial =t., J~aMa reacb, 1~2otida 33iST ~c~ Oocumentary Stamps s 16.50 OFF~CE AOU ESS ~ (D) Other Charqes (~tem~ie) S y~. IEI S ^.C~TE NO. OATEO~ ~7 .19 79. (F) S (G! Amount Financed ~;~E _ Mi~r 1 -.~9...~2. ~A. e. c. o. e. F~ s 10,975.~ ~~ce~es~ s 5~012.07 t'LACE: Jt~s~ Sl~e~! , FLOfi1DA (1) Credit Invest~gation S IJI Other S For value rece~ved, the unde?s~gned (hereinaiter called "Maker") jointly and severally (ii (K~ S n~ore than one) p~omise to pay to the order of •the Bank, at its oft~ce lisecd above, the Total Payments (from IN) at right) of ~ZS~~a7. ~ Dc,l~ars payable m~ ~L! S ~~,iual mo~thly ~nstallments of S 166.~ , the lirst iMl FINANCE CHARGE 'e (H, 1, J, K. L) S S~O~.~ ~ns~allmen~ due on JWl~ 1 , 19~Z, and subseque~t installme~ts due o~ (N) Total qf PaYn+ents (G ~ M) S 1s.~7• ~ ' cne~day of exh monih thereafte~, together witA a f~NA~ BA~LOON PAYMENT OF: ANNUAL PERCENTAGE RATE 10.~ 76 5 "0~ DUE ~'r~~ .19 The Bank shall ir~pose a delinquency charge against the N1ake~ on any payment which has become due and remains in de(ault for a period in excess ot 1~ ~~:~ys in an amount aqual to J~K of the amount of the principal part of the payment in detault. In tAe event that the Note is not paid in tull at maturity, atl pay- ments, whether principal, interast or otherwise, shall Ixar interest at the maximum legal rate allowed under the taw. All payments made hereunder shall be c; ed~ted first to i~te~est and then to p~intipal, however, in the eve~t oi de(ault, the Ba~k may, in its sole discretion, appty any payment to interest, principst ,,nci!or lawfulcharges then accrued. It is the i~tention of the parties hereto that the provisions herein shall not provide directly or indirectly for the payme~t a greater rate of interest w the retention ot any other charge than is allowed by law. If, tor any reason, interest in excess oi such legal rate or a charge pra r,~b~~ecf by law shall st any time be paid, any such exceu shall either constitute and be treated as a payment on the principal or be refunded directly to the `.laker. The Maker may prepay the entire unpaid balance ot tF?e loan at any time. If the loan is prepaid in tull, accelerated or retinanced, the Maker shalt receive ~-efund 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 : m~nimum interest clierge of srJ.~. CREOIT LIFE AND CREDIT LIFE & DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrante toverage is ~va~lable at the cost desgnated below ior the term of the credit: la) S 9S9_Z7 for Credit Life Inwrance (bl S ~a- fcr Credit lifedt ~isability Inwrante:_ ~ Check QGedit Life Insurance is desired on the life of *t~~~~1_~1~~~ Birthdate ~1~2~ Appl. ? Credit Life & Disability Insurance is desired on Birthdate Box ? Credit Life and/or Oisability Insurance is ir~l.~ Date: ~T 197~ S~9natu~e S~ynature ~ i ~FTERACQUIHEQ~NO?ERTYWIILBESUBJECTTOTHESECUHITYINTERESTANDO ERORfUTUREIN0E8TE0NESSISSECUREDBYANYSUCH~ROPERTY,ASFOLLOWS Maker hereby grar?ts to Bank a secu~ity interest in the p~operty, if any, descritred in the space be~ow and in alt other property of Maker now or hereafter in ; B:nk's posseuion, and wch security interest shall also secure all other liabilities of Make~ to Bank, whether primary, secondary, direct or contingent, present ; ~uture. The aforesaid setu~ity interest extludes the Makers primary residence unleu said primary residence is described below. i PlO~tst1? IMl~OR~T ` =~GOIiD ~CA~ ; . ~ i tf the Bank requires the Maker to obtain msurance coverage against toss or damage to the collateral securmg the Makers mdebtedness to the Bank, the Maker ~,y obtain such coverage (rom any agem, broker or insuror acceptable to the Bank. i I? is ~oindy and severally covenanted and agreed with the Bank by each Maker, endorser, surety, guaran[or, and other party to this note (all of whom are ~ ~~~e~nafter for brevity called Obligor or Obliqors) thar. Bank shall exercise reasonable care in the custody and preservation of the Coilateral and shall oe deemed to have exercised reasonabte care it it takes such ~ ?~on for that purpose as Maker shaN reasonably request in writing, but no om~ssion to comply with any request ot Maker shall of rtself be deemed a failure to e•erc~se reasonable wre. Without limning the general~ty of the (oregoing, the Bank shatl have no responsibility for ascertaining any maturities, calls, conver- : un, ezchanges, offers, tenders or simitar matt~rs retatmg to any of the Collateral, nor for intorming the unde?sgned with respect to any thereof_ Baok shall not t,ound to take any steps necessary to preserve any rights in the Collateral against prior parties, and Maker shall take all ~ecessary steps tor such purposes. Bank ~~~s nominee need not collect interest on or principal of any Collateral or gir¢ any notice with respeCt to it. Right is hereby expressly granted to the Bank at its p;~on to uansfer at aoy time to itse~f or to its nominee any Collateral and to receive the income thereon and hold same as security herefor, or apply it on the ;~~,nc~pal or interest due hereon or due on any liability secured hereby. - ~ Upon the happenir?g of any of the following events, each of which shall constitute a default hereunder, or if the Bank deems itself insecure, the entire unpaid ! ,:;,nceof this note and all other liab~lities ot each Maker to Bank shall thereupon or thereafter, at the option of Bank, without notice or demand, become imme- i ~.,cely due and payable: (a) failure of any Obligor to per(orm any agreement hereunder or to pay in tull, when due, any liability whatsoever to Bank or any in- ;~.~Iment thereof or interest thereon; (b) the death of any Obligor; (c) the tiling of any petition under the Bankruptcy Act, or any similar federal or state statute, o~ agai~st any Obligor, (d) an application for the appointment of a receiver for, the making of a general azsignment for the benefit of c.editors by, or the .n;otvency of any Obligor, le) the entry ot a judgment against any Obligor, (f) the issuing of any attachments or garnishmeM, or the filing oi any lien, against n~ property of any Obligor; (gl the taking of possession of any substantial part of the property of any Obligor at the instance o( any governmental authority; 'hi the dissolution, merger, consolidation, or reorganization of any Obligor; (i) the determination by Bank that a material adverse change has occurred in the ~ n>nc~al condition o1 any Obligor from the conditions set torth in the most ~ecent tina~cial statement of such Obligor heretofore turnished to Bank, or from •h~ condition of such Obl~gor as heretotore most recentty disclosed to Bank in any manne~: or that any warranty, representation, certificate, or statement of any ' Gi,l~gor (whether contai~ed in this note or ~ot) pertaining to or in connection with this note or the loan ev~denced by this note is n~t true: (j) the assignment by ~~y Maker of any equity in any of the Collateral without the wrrtten consent of Bank; (k) tailure to do all th~ngs necessary to preserve and maintain the value :~~c1 collectibility of the Collateral, includin9, but not limited to, the payment of ~azes and premiums on policies of insu~ance on ~he due date without benefit ot ~!,e qrace period. • . Unless the Collateral is perishable or threatens to decline speedily in value or is ot a type customarily sold on a recognized market, Bank witl give Maker rea- z;nable notice of the time and p~ace of any public sale thereof or oi the iime af ter wh~ch a pnvate sale will be held. The requirement of reasonable notice shall -e met if such notice is mailed, postage prepaid, to any Maker at ihe address given below or at any other address shown on the records of the Bank, at least ten ;i ~ys before the ume of the sale. Upon disposition of any Collateral after the xcurrence of any detault hereunder, Obligors shall be and remain liable for any ~:ef~ciency; anci 8artk shall account to Maker tor any surplus, but Bank shall have the nght to appfy all or any part of such surplus (or to hold the~ same as a ~~servel against any and all other I~abilrties of each or any Maker to Bank_ Bank shall have, but shall not be limited to, the following rights, each of which may be exercised at any time whether or not this ~ote is due: (a) to pledge transfer this note and the Collateral, whereupon Bank shall be relieved oi all duties and responsibilities hereunder and rei~eved irom any and all liability with ~espect to any Collatera~ so pledged or transierred, and any pledgee or trans(eree shaU tor all purposes stand in the place of Bank hereu~der a~d have all the ~~Ghts to Bank hereunder; (b) to transfer the whote or any part of.the Collateral into the name ot itself or its nominee; (c) to notify the Obligors o~ any Collat- e~~I to make payment to Bank of any amounts due or to become due thereon: (d) to demand, sue for, collect, or make any compromise or settlement it deems des~~able wnth reterence to the Collateral; and (e) to take posseuion or control of any pro=eeds of Collate~al. No delay or omiuion o~ the part o( 8ank ~n exercising a~y right hereunder shall operate as a waiver oi such riyht or of any other right under this note. No ~::a;ver or alteration shall be birxiing on Bank unless in a writing signed by an authorized Bank officer, and then only to the extent specifically set forth therein_ a~esentment, demand, protest and notice oi dishonor, are hereby waived by each and every Obligor. The taking of a renewal note without the signature of any m.,ker or endoner liable on this note shall not be deemed a payment or discharge of this obli9ation and the liability created hereunder shall continue until ~his ~+~te ~s paid in tull. The Obligors, jointly and 3everatly, prom~se and agree to pay alt costs of collection, including attorneys" fees equal to 1~1(i o( the amount ~~nancecl, or such larger amounts as may be reasonable and just if collected by legal proceedi r thYOU an a ney at law, in din apNellate proceedings. The undersign acknowle ot co e co of this note on this date. ,•,cldrezs Z~8 Las ala~ h'- ~ J~e1a~a $e~L'h~ FI. ' fSEAL1 ~ 33~57 Fred¢rtct Fnl.~ord !,r!dress t:~ ~ ~ ~ «'w~'~ ~ ~ ~ ~ (SEAL) ~tw ~fO~d BGOx cXlB p,~E + E35 75T Rev. 1 /79 • ~ ~ t. . . : ~ . . . - . : s.;-.~se