HomeMy WebLinkAbout0428 _ - _ . . . • . _ , _ . .
DISCLOSURE.NOTE FOR INSTALLMENT LOANS - _ - - -
:'irst National Bank of Fort Pierce - ~n~ Ar„o~~t aK.;~ea s_10. 000 DO
' BA(/K NAME , _ (BI Pftmium for Credit 80.,,4
Lif~/O~wbil~ty IAs_ S
_P ~ O. Box 9 70 , Fort Pierce Fl ~~4 50 ~c~ ~ow~~~,~r su~ s 15 .15
OFFICE AO~RESS (01 O~h~. G+s~p~s l;~emiz.l S- riOTle ~
26-0044-0 April 26, 1979 ~E~ s none
ri0 ~E NO. DATED: ,,s_. ~F~. = none ~
[~vE A~l 26 1G1 Amount Financed ~
P ~ ,18 $O , fA, e, C. O, E, F? S lO, O9S.89
~H~ i~~..ht s 644.19 ~
~>~ACe:Fort Pierce , FlOR10A G~~t ~~~~~~b~ s ~ 25.00
Fur w~ue ..c~~ved. ~n. u~+da:- u~ o~n.. s_none
pr1ld (M~f1~H1~N GIIld er"1 jo~ntly and awr~lly lit (KI s none
rr~orr than one) prpmisl to p~y lo Ih~ ordtr of the Bs i 1fit~ litad above, the Toul
ol Paymentt (from (N) at rght) of S1O ~J_6.~ QS pp~~~~ay~pk ~n _ s none
e~ual monthly inttsllm~nts of S 897 • 09 , the ti?st ~M~ FINANCE CHARGE
u+, K, u s 669 .19
~ns~a~iment due on Mdy 2~ ,19 , u~d wD~pwnt insWlments dw on (N) Total 01 Payn~na (G * M) s 10 , 765. ~8
~ne 2 6 day o( exh month tMr~~lter, to9etne. w,~n a FiNn~ 9A~~oON PAVMENT OF: ANNUA~ PERCENTAGE RATE 12 . OZ
5 none ouE _ none - ,.~s x
Tne Ba~k tMll impose s dslinqueney da~p~ s~irut tM NUk~r on ~ny p~y?m~nt which hst beeonr dw ~nd nenai~s in d~tau~t for a p~riod in ~xe~ss of 10
clays ~n sn ~mount pusl to 9X. ot tAe ~mount of the princip~l psrt of tAe p~yment in detault. (n the ~vent that the Nott is not p~id in full ~t tn~turity, dl pay-
rnencs, wh~cher principal. i~tHat or othe.wise. shall b~u intenst ~t dN maximum I~al nt~ allow~d under tM Iwv. All p~yment~ n»d~ hK~under shall be
c+ed~crd firtt to intenst and tMn to princip~l, how~ver, in th~ wt~t oi d~twlt, tM Bankan~y, in its qN diuretion, apply any paynrnt to interat, principal
a~~d/or tawfultharq~s tMn souwd. It is tM int~ntion of the puti~sl~ento th~t tM p~ovisiOns Mnin shNl not provid~ dirtetly o? ~ndir,ctty tor m~ p,r,,,.~,t ~
ot a great~r nt~ of int~rat or the ntention of ~ny oth~~ ohupe than i~ allow~d by law. Ii, for sny r~ason~ interest i~ ~xau oi weh Np~1 nt~ or s eha?pe pra
n~b~tecl by law shsll at sny time b~ paid, sny such ~xoess shsll ~itMr ooeutitua ~nd b~ trMtW ~ a p~yment on tM prineipal a b~ retund~d dinetly to the
htaker_ TM N4kea rtwy pr~pay the entire unpsid b~l~net of th~ lom at any time. It th~ lp~n is ptp~id in tull, acetlp~tad or reti~~ne~d, tM M~ktr thall Ac*ivs
a ref und of tAe un~unedpo~t io~ ot the inttr~st and irnw~nc~ premiums computed by tht Ruk of 78's m~thod, ~xppt th~t tM Bank shNl b~ ~ntid~d to r~uin
a minimum inte~ut of =S.DO, , ~ . . _
CREDIT LtFE AND CREO~T LIFE 8 OISABILITY INSURANCE ARE VOIUNTARY AND NOT REQUIREO FOR CREDIT. Sueh inwnno~ oowrape is
available ~t the oat d~siqn~t~d bstow for tM t~rm of th~ cr~dit: (s) s 8O. 7'4 (orCndit Lii~ Inwranq (b1= - _
ior Credit lit~ at Dis~bility Insursne~: - _ . . - . . . - - .
Cneck ~.a~~ ur. i~w..~ K~;~.e a, n,. i~. or _ Beniamin E. Partridve - . ~
e~.n+d.u_~/Y 3/31-"
~p~. ? Cndit life & Disability Irtsu~ana a d~sind on ' . ~ B~~u
i3o:t ?~«!It l.i~f i~fd/O~ Difibility lIIW?inq if flpt RlG. , - .
oate: 1~1Pti1 26~ 1979 s~tu~e . 5~~~ -
AFifRACQUIREO?RO?ERT~MIILLtESUlJECTTOTMESECY TYINTEII ANOOTM NFUTUREIMDElTEONESSIttECURE0t1fIlNYfUCN~ROrERTY,ASFOLLOM~S:
h'lake? hereby ynnts to Bsnk ~ s~curity interat in tM propaty, if any, d~scribed in the spaoa below and in ~II otAer prop~cty of Malc~? rww or herpher io
Sank's posctaion, ~nd suth sicurity interest shdl Nso s~cun sll otMr lisbilities ot Make~ to Bank, whether prim~ry, saeondary, dirett or eontingent, prcsent
o~ f uture. Th~ ~foresaid s~turity interat ~xtludes the MskKS primsry re~idence unlest pid primry residence is dsscribed below.
Second Morbgage-Property Description - ~
I:ot 26, Block 15, Unit 2, LAKEWOOD PARK DUBDIVISION,as per plat thereof on file in
, plat Book 10, Page 56 of the public records of St. Lucie County, Florida. Subiect to
Restrictive covenants recotded in Deed Book 222, Page 310 of the public records of
I t chp'~ank~ thE`~6~
rl ~tdp~~ r~{hlB~ACe cov~~ ~~n~t lou or dart?age to the tollatersl seturing the Makers ind~btedness to Me Bank, the Msker
may obta~n suCh Coverage from sny agent, broker or iowror scceptable to the Bsnk_
j Ic ~s jo~ntly snd aever~lly covenanced and agrced wiM the Bsnk by ~ach Maker, endorser; surcty, gus.antor, and other psrty to this note (all of whom are
t:ere~nafter for brwity eslled Obligpr or Obligors) that:
B~nk shall exercise ressonable care in the custody and preservation of the Cotta~eral and sfiall be daemed to hsve exercised ressonsble care if it takes sueh
} a~c~on tor thst purpose as Maker shs11 resso~abty request in vwiting, bu[ no omission to comply with sny rsquest of Makcr sMll of itseli be d~em~d s tailure to
j e,e~cise ressonsble ure. Without limiting ifie generslity of the foregoing, tAe Bank shsll have no respo~sibility for sscertaining a~y maturities, plls, conver-
i s~on, e.cchanges, oifen, tenders or similar matters relating to any of the Collsteral, nor fo. iniorming the undersiqned with re~pect to sny Mereof. B~nk shsll not
~ be bou~~d to take any steps necessary to preserve any rights in the Collaterol sgainst prior panies, snd Maka shsll tske atl nacetsery steps for wch purposes_ Bank
~~s nominee ~~cd not collect intaest on or principal ot ~ny Cpllattrsl o? give any notice with resp~ct to it. Right is hereby expressly gr~ntsd to the Ba~k at its
€ eu~~on to trsnsfer at ~ny time to itself or to its nomirtee any Collatenl snd to rcceive the inCOrt~e thereon and hold same ~s ttcurity herefor, or ~pply it on ihe
r,~,ncipa! or int~rest dus hereon or due on s~y lisbility secured hereby.
~ Upon tM hsppening pf ~ny of the following events, ~ach of whieh :hstl oonstitute a defsult he~eunder, or if tAe Bsnk deems itself in~ecure, the e~ti?e unpsid
~ ua~a~~~? of this note and sll other lisbilities of tach Makar to Bank shall tMnupon or Merqfter, st ths option oi Bank, without notice or der~and, become imme-
g ~acely due ind pry~ble- (a) t~ilure Of sny Obligor to perform any ~gr~t hereunder or to ~lsy in fu~l, whtn due, sny liability whatsoever to B~nk or sny in-
~ s c ment thenof or incerest tfiereon; (b) Me death of sny Obligor; (c) the filing of sny petition under tM 8snkruptcy Act, or sny similsr feder~l or stste ststute,
uv or against any Obli9or; (d) an application for the appointment oi s~~oeiver foi, the Ryking of s general assipnment for the beneiit of creditors by, w the
£ ;nsolvency of s~y Qbligpr; (el the entry of ~ judgment agsin~t any Obliyor; (f) the issuing ot sny sttschments or ysrnishment, or th~ filinp of ~y lien, spsinst
~ ti~y Property of ~ny Obligor; (p) the csking of powssipn pf sny wbstantial psrt of the propeny of any Obligor at the intta~oe oi smr govemmentsl authority;
s +,~'r tne d~uolution, merger, Consolidation, or rewganization of sny Obligpr, G) the detNmin~tion by Bsnk thst a rtf~terial ~dver~e chsnqe h~s octuned in ihe
~ ~,a~_fal tondition of any Obligor from the Conditions set fo?th in tM most reeent tinanCial ststement of weh Obligor heretofore turnished to Bsok, or from
~ condition of wch pbligor sf heretofore most reeently distlosed to Bsnk in any manoer; or that sny wsrnnty, representation, ceniticate, or ststement of sny
~gor (whether contained in this note or not) pertaining to or in connectiOn with this note or the loan ~vidented by this notE is not true; 1,) th~ sssigrunent by
8 =~y `~laker o( eny equity in sny of the Collateral without the written consent of Bank; (k) failure to do all things neeessary to preserve snd m~intsin the vslue
~ :~d collectibil~ty ol the Collatersl, includ~ng, but not IimitM to, the psyment of Lazes and premiumt on pOlities of inwrence on the due dste without benefit oi -
~ grace period.
Unless the Cdlateral it pe~ishable or Mrestens to dettins speedily in value or is o~ s type amomsrily spld on a retoynizEd msrket, 8ank wilt give Maker rea-
~ >~~nabie notice of the cime snd plsce of sny public sale thereof o~ of the time siter wAich a private ssle wilt be held. The requirement of ressonabte notice shall
~ R.et ;f such notice is mailed, postage prepaid, to aM? Maker at ihe ~ddr~ss given below or st sny other ~ddress shown on the records of the Bank, at t~sst ten
~ •:avs oefore the cime oi the sste. Upon disposition of any Collateral after the oecurrence of any defsult Aereunder, Obli9ors shall be and ~emain liable tor any
~ ~~1~c~er.cy; and Baok shall ~ccount to Maker for amr wrplus, but Bank shsll bave the right to apply all or ~ny pert of such wrplus !or to hold the same as a
~ -~se~ against any and all other li~bilities oi ~h or any Msker to Bsnk.
~ Bank shall hsve, but shall not be limited to, the foltowiog rights, each ot which may be ezercised st sny time whethrr or not this note is due: (a) to pledge
-:r ~ranster this note snd che CoNa~eral, whereupon Bmk shall be relieved ot all duties and responsibilities fiercunder snd rllieved from ~ny and all Iisbility with
_ ~escec? [o any Collsteral so pledged or transferred, ~nd any pledgee or trsnsferee shall tor all purposes sqnd in the plsce of Bsnk hereunder and have all the
~ ~~;~~is ~o Bank hereunder (b) to transfer the whole or sny psrt oi the Collateral into the nsme of itself or its nominee; (c) to notify the Obligors on any Cotlat-
e~>i ro rnake psyment to Bank oi any amounts due o~ to become due the~eon: (d! to demand, sue for, collect, or rr~ke aoy compromise or senkment it deems
= ~~es~~abie witb rcference to the Cotlste?al; and (e) to take posseuion or control of any proc~eds of Collateral.
No delay w omiuion on the part ai 88nk in exercising any right Aertunder shall opente ss a waiver ot wch right ot ot ~ny other rpht under this note. No
~ :~.~,:v~. or alteraiion shall be bindmg on Bank uMess in a writing s;gned by an sufhorized Bank officer, snd then only to the extent specitically set forth tnercin.
_ ser~;rnent, demand, protest snd notice of dishonor, are he~eby vaived by each and every Obligor. The tsking ot s rer?ewal note without the signsture of any
# er or endorser liable on this note shall not be deemed a payment or discba~ge of this obligstion and the liability treated heraunder shall continue until this
T ~s pa~d m tulL The Obl~gors, joindy and severally, promise and ~gree to pay all costs ot collection, ir?cluding attomeys" tees equal to 10Xi o1 the smount
x c=d, or such larger amounts as may be reasonsble and jus~ if ~ollected by kgal proeeedings or through a~ sttorney at Isw, includin9 sppellste proeeed~ngs.
The unders~gned wiedge receipt i a completed copv o{ this note on this date.
r -
~ ,'~~i'SS
~ 7301 Georges Rd. , Ft. Pierce, Fla. 33450 ~ (SEAU
~ / ' en jami ~E. g ~ ~
~ ~zs ~n ~ l
• • ISEAi)
i~ k Margaret M. Partridge
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SL+~r ~8 ~a~~ ~2~
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: ~ Re~. ~ i ~v - - - ~
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