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HomeMy WebLinkAbout0144 DISCLOSURE NOTE FOR INSTALIMENT LOANS ~ ~ ,~M IA1 Amount Rece~ved S 1~OOD~~ ~ BANK NAME (B) Premwm for Credlt lifelOiiab~l~ry I~s. S 19.~ ~j~~~i~ St~~ ~~M ~Ct1~ ~ .~y~ (C) Oxumentary Stamps S OFFICE ADORESS ~ ~p) Other Charges (~temize) S- IEI S mr NOTE NO. OATED: 1 .19~- IF) S ~ UuE 1 , 19~. IG) ; Bu C.FD Eced s ~4f~~is INI Interest S F'LACE: ~~M , FLORIOA Credit Invesugat~on S 110N IJ! Othcr S ~M For value reterved, the unders~gned (hereioafter talled "Makei') jo~ntly and severally (if (K) S m~ more than one) promise to pay to the order o( the Bank, at its office lis~ed above, th tal ~~I Payments (f~om (N) at ~ight) ot ~~"u~~ pollars payabte in (L) S r•yua~ monthly msta~~ments of S • , the tint ~M~ FINANCE CHARGE (N, I, J, K, L) S ~ns~allment due on .T~e 1 , 19~, and wbsaquent i~stallments due on (N) Total ol Payments (G + M) S cne day ot each month thereaicer, toqether with a F~NA~ BA~~OON PAYMENT OF: ANNUAL PERCENTAGE RATE i~~~ 76 5 DUE MM~N~NMNM~~~ . 19 7he Bank shall impose s delinqueticy charge against the Maker on any payment which has become due and remains in default for a peciod in excess oi 1~ ~ ~.fays in an amount equa~ to 97(i o~ the amount of tAe principal part of tha payment in default. In the event that the Note is not paid in (ull at maturity, all pay- ments, whether principal, interest or otherwise, shall bear interat at the mazimum legal rate allowed under the law. All payments made hereunder sF?all be creciited first to interest and then to pincipal, however, in the event oi default, the Bank may, in its sole discretion, apply any payment to interest, principal . ,,nd/or lawfulcharges then atcrued. It is the intention of the pa~ties hereto that the provisions herein shall not provide directly or indirectly for the payme~t , _ of a greater rate oi interest or the retention ot any other charge than is allowed by taw. If, for any reason, interest in ezcess of such le9al rate or a charge pro- n~t>~ted by law shall at any time be paid, any such excess shall either constitute a~d be treated as a payment on the principal or be ~efunded directty to the "^.~ker. The Maker may p~epay the entire unpaid balance of the loan at any time. If the loan is prepaid in tull, accelerated or retinanced, the Maker shall receive -efund of the unearned portion of the interest and insurance premiums corr?puted by the Ru1e of 78's method, except that the Bank shall be e~titled to retain m~mmum interest charge of =rj,~, CREDIT LIFE AND CREOIT LIFE d~ OISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIREO FOR CREDIT. Such inwrance covera9e is available at the cost designated below for the term of the credit: (a) S ~a tor Credit lite Insurante (b) S"~ for Credit lite de Dis~ility Insurance: Check ? Gedit life Insurance is desired on the life of Birthdate ApP~- ? Credit Liie & Disability Insurance is desired on Birthdate BoY ~ Gedit Life and/o. Disability Insurance is not desired. , Date: Signature v Signature qF7ER ACQUIRED PROPERTY YYlLL BE SUBJECTTO THESECURITY INTERESTAND OTHER OR FUTURE INDEBTEDNESS ISSECURED BY ANY SUCH ?ROPERTY, AS FOlLOYVS: Maker hereby grants to Bank a security interest in the property, if any, destribed in the space below and in all other property oi Maker now or hereafter in Ban~'s posiession, and suCh SeCUrity interett shall also secure all other liabilities of Maker to Bank, vrhether primary, seCOndary, dirett or contingent, prese~t !uture. The aforesaid security int~rest excludes the Makers primary residence unleis said primary residente is destribed below. Lot 1543, ttat~ow II, CVI~OOR ~0!'Z'8 Oi~ Y~t~A. ~t~ I~t.AiO~ u ~se:ib~d ~M+r woztqa~~. If the Bank requires the Maker to obtain insurance coverage against tou or damage to the collateral securing the Makers indebtedness to the Bank, the Maker ~v obtain such coverage irom any agent, broker or ir.suror acceptable to the Bank. ~ i~ is jointly and severally covenanted and agreed with the Bank by each Maker, endo~ser, surety, guaranior, and other party to this note (all oi rvhom are =~nafter for brev~ty called Obligor or Obligors) thaC . Bank shall exercise reasonable~care in the custody and preservauon of the Collateral and shall be deemed to have exercisecf reasonable care rf it takes such i :_c~on for that purpose as Maker shall reasonably reyuest in writing, but no om~ssion to comply with any reyuest oi Maker shall of iiselt be deemed a faiiure to F.ercise reasonabte care. Without limiting the generality o( the foregoiig, the Bank shall have no responsibiliry tor asce~taining any maturities, calls, co~ver- ; s~n, exchanges, offers, tenders or similar matt~rs relating to any of the Collateral, nor lor informing the unders~9ned with respect to any thereof. Bank shall not ~ =r bound to take a~y steps necezsary to preserve any rights in the Collateral against pnor parties, and Maker shall take all necessary steps tor such purposes. Bank ~ ~~cs nominee need not coflect interest on or principal of any Collateral or give any notice with respect to it_ Right is hereby expressly granted to the Bank at its -c~c~on to transfer at any time to itzelf or to its nominee any Collateral and to recewe the income thereon and hold same as security herefor, or apply it on the ~ncipal or interest due hereon Dr due on any liability secured hereby. ~ Upon the happening of a~y of the following events, each of which shall constitute a default hereunder, or it the Bank deems itseli insecure, the ent~re unpaid ; ~nce of this note and all other I~abilities of each Maker to Bank shall thereupon or therea~ter, at the option of Bank, without notice or demand, become imme- i~:,r.eiy due and payable: (a) failure of any Obligor to perform any agreement hereu~der or to pay in full, when due, any 6ab~lity whatsoever to Bank or any in- e s•:;iment thereof or interest thereon; Ib) the death of any Obligor, (d the filing of any petition under the Bankruptcy Act, or any zimilar federat or state statute,• 3 or against any Obligor, ld) an applicat~on for the appoimment ot a recewer for, the making ut a general assgnment for the benefit oi c~editors by, or the f 'nsolvency of any Obligor, (e) the entry of a judgment againzt any Obligor, (f) the iuu+ng of any attachments or garnishment, or the ~iling oi any lien, against ~ <,nv property of any Obligor, (g) the taking of possession of any substantial pa.t of the property of any Obligor at the instance of any qovernmental authority; !n; che dissolution, merger, consolidation, or .eorganization oi any 051~gor, (i) the determination by Bank that a materia! adverse change has occurred in the ~ ~~~c~al condition of any Obligor from the cond~tio~s set torth in the most recen; financial statement o( such Obligor hereto(ore fur~ished to Bank, or trom ; condition of such Obl~gor as heretofore most recently disclosed to Bank in any manne?; or that any vrarranty, representation, certificate, or statement of any ~ ~ir:l~gor (whether contained in this note or notl pertaining to or in connect~on wnth this note or the loan evidenced by this note is not true: (j) the auignment by ~~y RAaker of any equity in any of the Collatera~ without the written conse~t of Bank; (k) lailure to do all things necessary to preserve and maintain the value ~ +,cs collectibility of the Collateral, ~ncluding, but nat lim~ted to, the payment o~ taxes and premiums on policies ot insurance on the due date without benefit of ~ 'h? q~ace periOd. Unless the Collateral is per~shable or threatens to decline speed~ly in va~ue ur is of a type customar~ly sold on a recognized market, Bank will g~ve Maker rea- ~ s nat;le nolice of the time and place of any pubtic sale thereof or of the time after which a private sale will be held. The requirement of reasonable notice shall ~ met i( such notice is mailed, postage prepaid, to any Maker at the add~ess given below or at any other addre:s shown on the records of the Bank, at least ten 3 +~rs betore the time of the sale. Upon disposition of any Collateral after the occurrence of any deiault hereunder, Obligors shall be and remain liable for any ~ ~:~•`~c~ency; and Bank shall account to Maker for any surplus, but Bank shall have ihe right to apply all or any part of such surplu4 lor to hold the same as a j ~erve) agamst any and all other IiabiliUes oi each or any Maker to Bank. Hank shall have, but shall not be I~mited to, the tollowing r~ghts, each of which may be exercised at any time whether or not this note is due: (a) to pledge rrans(er this note and the Collateral, whereupon Bank shall be relieved of all duties and responsib~lities hereunder and reheved from any and all liability with k ~espect to any Collateral so pledged or transferred, and any pledgee or transteree shall for all purposes stand m the place oi Bank hereu~der a~d have all the ;,hts to Bank heraunder, (b) to transfer the whole or any part o1 the Cotlateral into the name ot itself or its nom~nee; (d to notify the Obligors on any Collat- e-.~l to make payment to Bank of any amoun.s due or to become due thereon: (d) to demand, sue for, collect, or make any compromise or settlement it deems ~ ci~s~rable with ~eference to the Cotlateral; and (e1 to take possession or control of any proceeds of Collateral. No delay or omitsion on the part of Bank in exercising any ri9ht hereunder shalt operate as a waiver of such r~ght or of any other riqht under tfiis note. No .~:•~~ver or alteration shall be bind~~g on Bank unless in a writing sgned by an authorized Bank officer, and then only to the extent specifically set torth therein_ F~ ese~tment, demand, protest and notice of dishonor, a~e hereby waived by each and every Obligor. The taking of a re~ewal note without the signature of any -=~.~ker or endorser I~able on th~s note shall not be deemed a payment or discharge of this obli9ation a~d the liability created hereunder shall continue until ihis a ~ ~~e ~s paid in iull. The Obl~gors, jo~ndy and severaily, promis¢ and ogree to pay all costs of collection, includ+ng attorneys' f equal to ~~i ot the amount ; nanced, or such larger amounts as may be reasonable and just if collected by legal proceedi r hrough an attorne at I cluding appellate proceedings_ ;i ~ The u~dersign k wle re pt ot co I~ copy o~ this nofe ori this date. i s = ~ .~z:dress ~f~f~! ^ (SEAL) , . ~ ~ 0~1~0 44n/ ~ ~ ~ :,-!rf~ess ~ ~u'~" ^ • / L~~ (SEALI , ` x - g~~~ 308 ~AG~ 144 . , ~ . : , . . . _ _ _ - - _ _ ~ . .