The URL can be used to link to this page

Home My WebLink About0151 - - ? • ~ . OIS~LOSURE NOTE FOR INSTALLMENT LOANS ~ (A) A~~w~unl R~~erve!d s ~s~~~w HANK NAME (8) Premrum lor C~eJ~t ~ : L~h/O~ssbiluy Int. S_ ~e,~ ~ ~~T lCl o«umeoia~y S~amos S ~ { - o ~~i'c~o~NES~~~~~ (0) Other CAargas (uemitd i ~M ~ IEI S i , '.ulE NO. UATEO__ .1979. (FI s ~M - (G) Amount Financcd 1~~b29.Ob ' C:uE:_ i . 19_~.. ~A, B. C. D. E. FI S (H? IM~reft = t • .~~_nCE: , fIORIpA U) C~edi~ Invesugauon t ~ IJI Ot~er s ~a Fo~ value rxaved, th~ undsrsgned (her~~nsite~ talied "Maker") ~o~ntly and uverally (~f • (K) ! S ~ ~:•o~e ~han o~e) p~omise to pay to the order o/ tAe Bank, at i~s o1iKe I~sied abo've, ~Ae Totat Pay~r?eMi lfrom IN) ~t .A~AU ol ,~,~Qll~~ Douars paYable ~n _l~ (L) S .~~u.,l montAly ~nstsilments ot S 1M~-7~R . ~he ~,ri~ ~M? FINANCE CHARGE 7~3~~iS (H, 1, J, K, L) S ~ns~atlment due on .i~~ 1 . 19...Zg. a^d subsequent instaliments due on (~y~ Total of Payments (G + M) _ ~ ~ ~neLt.day o~ exA rtw~tA tMreat~er, toqett+e. w~th a F~NA~ eA~~00N PAVMENT OF: ANNUAI PERCENTAGE RATE I~% ~ 5 yen~ DUE ~~~•~•~~-•~~Nr , t9 ~ . - 7he Ba~k shall impos~ ~ delinquencY charge against the Make~ on any payme~t which has l,ecome due and remains in defautr for a period in exefss of i,ys ~n ~n smou~t ~qwl to ~X ot the amount of the principal psrt o( the payment in detault. In the event that the Note is ~ot paid in tu11 at msturity, all pay- ,;~.~nts, whether prineipsl, intere"st or otherwise, shall besr interest at tAe maximum legal rate allowed under the law. All payments made hereundN shall be ~~cf~ted (irst to inte?ett s~d then to p?incipal, howevu, in tAe ~vent of de(ault, the Bank may, in its sole distretio~, app~y any psyment to intertst, printipal ;ndlo? lawtuleha~ges then aeCrued. It is the i~tention of the parties hereto that the prpvisiOns herein thall not provide dirECtlY or irfdirKtly' tor the payment a yrealer rsN of interest or tM retention ot a~y other chsrge tl~an is allowed by law. It, 1or anY reaso~+, i~terest in excess of wch Iega1 rate or s charge pra ,~t,~~ed by law shsll at ~ny time W paid, any such excess shsll either constitute snd be treated as a payment on the p?incipsl or be retunded di~ectly to the ',,ker. The Maker may prepsy the Mtire unpaid balante of the (oan at any time. If the loan is prepaid in full, acceleratcd or refinanted, the Make~ shalt receive ~ ~eiund ot 1be ur+eam~d portion of tM inte~es~2nd~nsurance premiums computtd by the Rule o1 78's method, except ~hat the Bank shall be entitled to retain m~nirtwm interest tharge ot =S.~Q. ' CREDIT LIFE AND CRE~IT LIFE di OISAa1LITY INSURANCE ARE VOIUNTARY ANO NOT REUUIREU FOR CREDIT. Such i~uurante eoversye is va:lable at ih~ cost dssign~ted bNow tor the term ot the credit: (a) S~~ (w Credit Life Inwr~nce (b) S ~ ,r Crsdit lifed Dissbility Insurante: ~ ,neck ? Gedit Life Inswsnce is dasired on the lif~ of Birthdate r~~;pl. ?r-~ Crsdit Life & Disabil~ty Insursnce is desired on irthdate ~~ox Cl Credit life and/or Disabiliry Inwranc~ is ,)~;e: Signaturt ~ ~ >FiERACQUIREDfHO~ERTYwILIQESUdJECTTOTNESECUR~TYINTERESTAN00THERORf UREINDEBTEDRESSISS CUREDBYANYSUCH~ROPENTY,ASFOLIOMIS: Maker Aereby gnnts to Bank a saturity interest in the p~opertY, ~f a~Y, desti m the space below and in all other property of Maker now or hereafter in ~:~k's possestion, and suth security interest shall alfo saeura sll other liabilities of Maker to Bank, whether primary, seconda•y, dirett or contingent, p~esent ! u;ure. The aforesaid security ~nterest excludes the Mskers prirnuy residence unless said primary residerxe is descr;bed below. Lot 838. S~ctiao II, OUiD00! REiOiIT~ OF 1Y1i&DCA, AT iI~T~ ISLII~ID as d~sarib~d in ~aid wostqap~. i~ the Bank requires the Maker to obtam mwrance coverage against loss or damage to the collarerat securing the Makers ~mlebtedness to the Bank, the Maker ~y obtain such coverage lrom any agent, broker or insuror acceptat~le to the Bank. Ir ~s ~ointly and severally covenanted and ag•eetf with the Bank by exh kl~ker, encfo~ser, surety, guara~to~, ancl other pa~ty to this note (all of vuhom are nafter for brev~ty called Oblgo. or Obfigorsl that: I Br~nk shall exercise reasonable care m the custody a~d preservation o1 the Collaterel ancf shatl t~e deemed to have ezerc~sed reasonab~e care if it takes such , r,on tor that purpose as Make~ shall reasorwbty reyuest in writing, but no om~ssion to tomply wnh any request o( t~Raker shall of itseti be cleemed a tailure to •erc~se reasonable care. Wrthout limit~ng ~he general~ty af the foregoing, the Bank shall have no responsibility for asce~talning any maturicies, calls, conver- ~.r,, exchanges, offers, tenders or simi~ar matt~rs relating to any of the Collateral, nor tor inlorming the undersigned with respect to any thereof. Bank st?atl not t,ound to take any steps ~ecessary to preserve any nghts in the Coliateral agamst pnor parues, and Maker shaU take atl necessary steps for wch purposes. Bank { ~~ts nom~nee need not collect interest on o~ pnr?cipal ot a~y Collate~al or give any nouce with respecr to it. Rght is hereby expreuly granted to the Ba~k at its i ~on to transfer at any time to itsel( or to its nominee any Collateral and to rere~ve the ~ncome thereon and hold same as secu?ity here(or, or apply it on the -.nc~pat or interest due hereOn or due on any habifity secured hereby. ~ Upon the happemng of any oi the ~ollowing events, each of wbicA shall const~tute a de~aul~ hereunder, o~ if the Bank deems rtse~f msecure. the ent~re unpaid ,nceoi this note and a~l other tiabllities of each Maker to Bank shall ~hereupoo or therea~ee~, at ~he option ot Bank, withow nutice or demand, becomt imme~ ,tely due and payable: (al failure of any Ohligor to perform any agreement hereu~xier or to pay in full, when due, a~y liab~l~ty whatsoever to Bank or any in- ; ,,i ment thereot or interest thereon; (b) the death ot any Obligor, (c) the ~dmg ot any pehtion uncier the Bankruptcy Act, o. any similar tederal or state statute, ~ agairtst any Obt~go?: (d) an applicauon tor the appointmem ot a recewer tor, the mak~ny of a general assi9~ment for the benefit of creditoro by, or the ~ ....;ivency oi any Obl~gor; le) ~the enuy of a ~ud9ment against any Obligor. (f) the ~ssuing of any attachments or garmshme~t, or the tilin9 ot any lien, against ~ y property of aoy Obligor, (g) the taking of possess~on of any substanUaf Oart ot the property o1 any Obligor at the instance o( any governmental authority; z rhe dissolut~on, me~ger, conwl~dat~on, or reoryamration o( any Obl~gor, (i) tht dete~minat~on by Bank that a m~terial adverse thange has otturred in the ~ ~.+:u~al cond~tion o1 any Obl~gor lrom the condiuons set torth in the most ~ecent financiat statement of such Obhgor heremtore furnished to Bank, or from ~ condrtion of such Obhgor as hereto(ore most recently diulosed io Bank in any manner, or that any warranry, represen~ation, certificate, ar statement of any ~ .i~qor (whether contamed 1n this note or not) pertain~ng to or in connecuon whh this note or the loan evidenced by this nore ~s not true: (~1 the assignment by ~ . ~+laker ot any equity m any o1 !he Collateral w~fhout ~he wn~te~ consem o( Bank; ~k) (ailure to do all things neccssary m preserve and maintain the vatue ' ~ cr~lleu~bility ot the Co1la~eral, includ~ng, Lut not bmrtEYf to, the Paymeot o~ ~axes and premiums on polic~es of ~nsu~once on the due date without benef~t of ~ .~race pe~iod. ~ Uniess the Collateral is pe~~shable o? threate~s to declme speecl~ly in value or ~s ot a type customarily sold on a reco9nized market, Bank will give Maker rea- y p;,bhc sale thereof or of the ume after ~vhfch a p~wate sale will f~ held. The reryw:ernent o~ reasonable notice shall ~ -,~hle notice oi the t~me and p~ace ot an ~ met ~t such no~ice is mai~ed, posiage prepa~d, ro any Maker at the address given below o. at any other acidress shovm on the records of ihe Bank, at least teo 3 •ys before the ume of the sale. Upon d~spos~uon ot any Collateral afte~ ~he oca:~rence of any default he~euncter, Obtlyors shall be a~d remain liabte tor aay 1~c,er~cy: and Bank shall accou~t to Maker for any wrplus, bui Bank shall have tlie ~~ght to .~ppty all oi any part of such sujplus far to hold the same ai a ~ ve) aqamst any and all other I~ab~hi~es ol each or aoy Maker to Bank. . a dank shall have, but shall not be I~mrted to, the lollowing ~ights, each oi wh~ch may be exercisecf at any ume whethe? or ~ot th~s note is due: (a) to plecige ; ransfer this nofe ancf the Collateral, wrhereupon Bank shall be retieved of all duues arxl res~onsib~hties hereunder and reheved from any and all liability with .;,.rc? tn any Cotlateral so pledged a trans~erred, artd any pledqee or transieree shall tor aIt purposes s~and in the plxe of Bank hereunder and have all the ; :his to Bank hereurxl~; (b) to transler the whole or any p~t oi the Collateral m[o fhe name ol itself or its nc~m~nee; Ic? to noti(y the Obligors on any Collat- _ to make payment to Bank o~ a~y amounts due o~ to beceme due thereon; (d) to dem~nd, sue for, collect, or make any compromise or settlement it deems - ~rahle anth reterence to the Collateral: and (e) to take possess~on or control 01 any p?oceeds of Collatera~. - I`do delay or ortussion on the part of Bank ~n exercising any nght hereunder shall operate as a waiver of such nght or of any other r~ght under this note_ No € ,~;e~ or alterauon stwll be b~nd~ng on Bank unless m a w~itmg signed by a~ authorized Bank otficer, and then only to the extent specificellY set forth there~n. ':s~ntment, demand, prutest and noGce ol d~sho~o~, are hereby wa~ved by each and every O~hgor. The Wking of a renewal note without the signature ot any ~~e~ or endorser hable on thn note shal! not be deerned a payment or d~scha~gc o( this obhgauon and the Iwbifity ueated hereunder shaU continue until this ,,rr ~s paid m tull. The Obhgors, jo~ntty and severally, prom~se and agree to pay all costs of colleci~on, irtCludu~ attorneys' ~ees eyual to ~~i of tht amount s ~~.,ncecf, or such Iarger amouMS as rn3y he ~easonable and ~ust it collecte~.' by tegal proceedmgs o. thrpugh an attorney at law, including appellate proceedings. x The undersi knowl e r ceipt of a p ted copy of this not this date. ` ~ .l.! / „ '.•tdress 41 CiO1i~1 NB' x ~ ISEALI ~ Ra~dolph N. Zanin~t " .::;~~~ess ~fdili•'1~ ~ ISEALI socx ~0$ ~ac~ 15~ • i35 75? Rev. 1 !79 ~ ~ ~ - ~ . . . . . _ , . , .