HomeMy WebLinkAbout1191 ~r I~ISCLOSURE~NOTE FOR INSTAl.LM~ENT~lOANS- - - • t~ - - _ ~ - - - _ ~ - _ -
First National Bank of Foet Pierce' - - - (a Amount Rectiwd s_ 9 ~ 00 00
' SANK NAME (el PrNnwm for Credo 1 044 58
Zile/Oasability Ins, s , • _
P.O_ Ht7x 970 Fort
pip~~p,~ Fl8 ~445~ - - (CI Dowmenurysumps t~•90
- OFFICE AGGRESS _ (DI.OtMr Chupes (itemize) s~11~
r:oTE No. 260045'$ GATED: April 30, 1979 _ lEl - s none
~ • 19 lFl s none -
DUE:~+i±
~±0, (G) Amount Finanpd _ - - _
. 19 87 fA. 8, C, O, E, FI s 10 560.48 '
- 1H1 lmNest s_~,8 ~4--1---.
?DACE: Fort Pierce ,FLORIDA Ill Credit Investapation s - S4 00
For wlue reteaved, the undersigned (Mreanatur pllld "Maker") Jointly and isevewlly pf - IJI other - ~ s none .
more than one) promise to oey to l?e ordN Of IM q~nk, at its Office listed above, the Toul (KI ~ ~ s none
of Payr*[trits (from (NI at raghtl of ~17 1409.60 Doila,s arable in 9 6 (LI s none
eQUal monthly installments of 181.35 - , tM fuse (MI FINANCE CHARGE
~nstaument dw on May ~ lH, l r. K, a sS .849.12 -
r , 19 ,and wbtequeni anatallrrtent: due on lNl Toth of Paymenu lG + M) s17.409.60
the30 day of each month therealtN, together with a FINAL BALLOON PAYMENT OF:
s none oUE none _ ANNUAL PERCENTAGE RATE- 13.66
• tg . - - 4G
The Bank shall impose • dNingirericy glterpe apeirist the Maker on any peyttterit -whicA has bet~me dw end rerrtains in defwft for a period in txtess of 10 ,
days an an amount equal to 91t, of tM amount of tM pincipal part of the payment in default, In the wane that tM Note is not paid in full n rrtetirrity, e11 pay -
ments, whether principal. interest or otherwise, altall boar interest at tM mutimum lapel me allowed under the law. All.payrttutts matte hereunder shall be
credited first to intsnst and then to pincipal, however, in tM event of dafwlt, tM Bank may, in its Bole datxetion, apply enY payment to interest, principal
and/or lavvfirleha rges then actruad. It fs tM intention of the parties hereto that tM provisions herein shall not povide directly or indirectly for the payment
of a grsatN rau of interest Or the retention of any other charge than is allowed by law. If, for any reason, interest in extps of such lapel rebor a dwpe pro-
hibitld by law shell at any .time be paid, any such excess shall eitMr ttlristiwq~and be treated a< a payment on the principal a be refwidad directly to the _
Maker- TM Maker may Prepay the cretin unpaid balance of the town at any tints. If the loan a paWid in full, atxeleratad or refinanced, the Maker shall receive , r
a refund of tM unearnedpon ion of the interest and insurartte premiums eornputed by she Rule of 78's method, except that tM Bank dealt be entitled to retain
e minimum interest Of =5.p4 -
CREDIT UFE AND CREDIT LIFE A DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED fOR CREDIT Surlt ineutanartc~peie
avai table art the test designated below for the term of tM credit: la1 s _ 1, 044 . S 8 - . for Cndn Life Imurartoe (b) s - - -
tor CrsdityU~fe~ pisebility Inwranp; _ _ - _ - - _ _ _
Check `CJ Cradle Lih lriprrenee s tieeired on the life of C18vin W . -Dawson" ~ ~ ~ - - `Birdidate 6/12/47 =
APP). ? Credit Life & Oiubility Insurance is desired on - - - _ . - - _ _ - B&~dtdate _ -
Box ? Credit Life and/or Disability Irrur e - _ - - - _
Date~Pril 30, 1979 signature W _ -
A FT E R ACOUIREO ?ROfEATY t#Illl RE SURJECTTO THE SECURITY INTEREtTANO OTHER OR FUTURE INOENTEONEft ISfECUREO tY ANY tUCM FROrERTY, AS FOLLOIMS:
Maker hNeby grants to Bank a security interest in the poperty, if any, deacrr'bed in the
Sank's possession, end such set:uraty intNest shall also secure all other liabilities of Maker to~k ewhetMf m all other property of Maker now or hereafter io - -
o- future. The sforasaad seturiry interest excludes a Makers pimary residence unless yid pi^ury• setoridery, dirstt Or contingent, Present
pirrtery residence is described bebw.
Second Mortgage=Pro Description
Lot 1, Block S, Airport Industrial Park, Unitl,as per plat thereof in Plat Book 12, at Page 40.
t f the Bank requires the Maker to obtain inwrsnix coverage against loss a damage to the collateral securing the Makers irtdebtedrtess to the Bank, the Maker _
nay obtain srrclt oovNSge from any agent, brokN or inwror acceptable to the Bank.
S t is jointly and severally Covenanted and agreed with the Bank by each MakN, endorser, wnty, guarantor, and other party to this note (alt of whom are
i ^e•e;natter for brevity tatted Obligor or Obligors) that:
Sank shall exercise reasonable care in the custody and preservation of the Cdlateral and shell be deemed to have exercised reasonable pre if it takes such
i ac Non for that purpose as Maker shall reasortebly request in writing, but n0 omission to Co
f exercise reasonable care. Without limiting the generality of the foregpi mply with any request of Maker shall of itself be deemed a failure to
I s~cn, exch rep, the Bank shall have no responsibility for asceruinarig any maturities, falls, tonver-
i ar?ges, offers, tenders or similar matters relating to any of the Collateral, nor for informing the undersigned with rat to any thereof. Bank shall not
E b~ bound to uke any steps necessary to preserve any rights an the Collateral against prior genies, and Maker shall take all
or .;s nominee rraed not collect interest On or principal of any Collateral or give any notice with r Y steps for such Purposes. Bank
ept~on to tnnafer at any time to itself or to its nominee any Collateral and to receive the income Mart
teonand~hold pme ases~ur~it~,Yl~afo~or apply it on the
r ~ rc ipal or interest dw hereon or due on any liability secured hereby.
Upon flea happening of arty of the following events, aeclt of which shall constitute a default hNeunder, ar if rite Bank desms itself +insecure, the entire unpaid
balance of this note and all other liabilities of each ItAakN to Bank shell thereupon or heerafter, at the option Of Bank,etrithout notice or demand, become imme-
~~aceiy due and payable: (al failure of any Oblgor to perform any sgrsement hereunder or to pay in full, when due, arty liability whatsoever to Bank or any in-
stalment thereof or antenst thereon; (bl the death of arty Obligor; ltl the fill of an
:y or against any Obligix; Id) an application for the rep Y petition under the Bankruptcy Aet, or arty simibr federal or state statute,
nsoivency of any Obligw; (el the entry of a jirdgmenappoint~ t Of~rtteavN for, tM making of a general assignment for tM benefit of creditors by, or the -
g any Property Of any Obligor; Igl tM taki of ~ ~ (f I the aswirig of any attachments or garnishment, or the filing of any lien, against
n) the dissolution, mar r• ~ POa~ssiOn of any substantial part of the poperty pf any Obligprat the instance Of any governmental wthorify;
9t consdadation, or reorganization of any Obligor: (i) the determination by Bank that a msurisl adverq change has occurred in the
+nancial condition of arty Obligor from the conditions set forth in the most recent financial statement of such Obligor heretofore furnished to Bsnk, or from
~e condition of such Obligor ss heretofore most nixntly disclosed to Bank in any manner; or that any warranty, rePnsentataon, tlrtifitate, or sutement of any
Igor (whether contained in this note or not) pertaining to W in connection with [his note or the loan evidenced by this note is not true; (il the assignmene by
^v Maker of any equity in any Of the Collateral without the written consent of Bsnk; (kl failure to do all things necessary to preserve and maintain the value
^d co'iectibality Of the CollatNal, including, but not limited to, the payment of taxes and premiums on polities of insurerice on the due date without benefit of
ne grace txriod.
Unless the Collateral is perishable ix thneteris to decline speedily in value or is of a type Customarily sold on a recognized market, Bank will give Maker rea-
~nabie notice of the time and place of any public sak thereof or of the time efur which a Dravau sale wall be held The requirement of reasonable notice shat)
rrwt i f such rwtice as risailed, postage prepaid, to my MakN et the address given below Or at any otMr address shown on tM records of the Bank, at least ten
e i s before the time of the sale, Upon disposition of any Collateral after the occurrence of any defwlt hNeunder, Oblpors shall be and remain liable for any
fancy; and Beak shall account to MakN for any wrplus, but Bsnk shall have the right to apply all or any part Of such wrplus (or to hold the erne as a
serve) against any and all othN liabilities of each or any MakN to Bsnk.
Sank shall have, but shNl not be limited to, the following rghts, each of which may be exercised at
• transfer this note end the Collateral, whereupon Bank shalt be relieved of all duties and r ~Y ttme whether o? not this note is due: lal to pledge
::•ec c to any Collateral so pledged or tgnsferred, and an esponsibalitaesh~reunder and rNaeved from any and all liability with
~ _=^is co Bank henurider; (bl to transfer the whole or sn Y pledgee or «snsiNee shall for NI purposes stand in the place of Bank hereunder and have all the
to make Y Part of the Collateral into the name of itself or its nominee; (cl to notify the Obligors on arty Collat-
wYment to Bsnk of any amounts due or to become due thereon; (dl to dNnand, we tor, collect, or make any compromise or settkmcnt it deems
•eble with reference to the Collstenl; and (el to take possession or control of an
~ fvo delay or omission on the Y proceeds of Collateral_
~~.~r or alreretion shell be banding on Bank unless io a v~vr t~Y ~r~ereunder shall operate ss a waiver of sutft right or of arty other.ight undN this note. No
.`enrment, demand, n9 rD by an authorized Bank Officer, acid then Only to the extent specifiplly set forth therein.
protest and notate of dishonor, are hereby waived by each and every pbi;~pf, The taking of a renevwl note without the sgneture of any
- per or endorser liable on this note shell not be deemed s payment Or discharge of this obligation and the liability treated hereunder shall continue until this
e .s paid in full. The Obligors, jointly and severally, pomace and agree to pay all costs of tollettaon, including attorneys' fees equal to 10X of the amount
=-:ed, or such krger amounts as may be reasonable and just if collscted bylpal prOCeadi
rags or through an attorney at law, including appellate procYedings.
The undNS nr a t
Qf eted copy of this note on this date.
40 0 - - - ~ u1` c.
l Oleander Rrl Fc;± PiG1VC T~• 334
(BEAU
n wson ,
. ~;s _ 1
~ - S L)
- -
. key ~ „9 : - afl~r~3U8 ~~E1~.91
_ - _ . x
- =