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HomeMy WebLinkAbout1498 1 •'4~ DISCLOSURE NOME FOR INSTALLMENT LOANS aAN .~rAftai IAl Amount Received ~ Srs~wAQ~-- HANK NAME IBI Premium for Credit ~i~w Litt/Disability Ins. S ICI Documentary Stamps S 0 101 Other Charges (itemise) S • IEI S tiOTE NO. DATED: ~ , 19~_. IF1 S IGI Amount Financed DUE: 11`t 11 , 19J~. IA, B, C, D, E, F1 S~~_ IHI Interest S Nt ACE: 1~~_~R ,FLORIDA 111 Credit Investigation $ " IJI Other S For value reserved, the undersigned (hereinat[er called "Maker") jointly and severally (if (K) S more than one) promise to pay to the order of the Bank, at its officelisted above, the Total 01 Payments (from INI at right) of Dollars payable in~_ ILI S . e ,ual monthly installments of S ~e~ ,the first IM) FINANCE CHARGE IH, 1, J, K, L) S,~'~_ installment due on ~ 1 , 19-Z~, and wbsequent installments dW on INI Total of Payments lG + M) S the~~y of each month thereafter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE S ~ DUE ~rrwNtiwraw.~war. , 19~_. The Bank shall impose a dNinquertcy charge against the Maker on any payment which has become dut and remains in default for a period in excess of 1U stays in an amount equal to ~ of the amount of the principal part of the payment in default. In the event that the Note is not paid in full st maturity, all pay- ments, whether principal, interest or otherwise, shall bear interest at the maximum legal rate allowed under the law. All payments made hereunder shall be credited first to interest and then to principal, however, in the event of default, the Bank may, in its sole discretion, apply any payment to interest, principal arse/or lawfulcha rges then arxrtred. It is the intention of the parties hereto that. the-provisions herein shall not provide directly or indirectly for the payment of a greater rate of interest or the retention of any other charge than is allowed by law. If, for any reason, interest in excess of such legal rate or a charge pro- h~bited by law shall at any time be paid, any such excess shall either constitute and be treated e: a payment on the principal or be refunded directly to the ti9aker. The Maker may prepay the entire unpaid balance of the loan at any time. If the loan is prepaid in full, accelerated or refinanced, the Maker shall receive a refurxl 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 a minimum interest charge of =5.~, , CREDIT LIFE AND CREDIT LIFE & DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrance coverage is available at the cast designated below for the term of the credit: lal S for Credit Lite Inwrance (b) S fur Credit Life ae Disability Insurance: , Check ? Credit Life Insurance is desired on the life of Birthdate Appl. ? Credit Life & Disability Insurance is desired on Biithdate Sox ~ Credit Life and/or Disability Insurance is not desired. Date: 1919 Signatures Signature t AF7ER ACQUIRED PROPERTY WIIL 9E SUBJECTTOTHESECURITYtNTERESTAND OTHER OR FUTURE INDEBTEDNESS ISSECUREO BY ANYSUCH PROPERTY, AS FOLLOMIS: Maker hereby grants to Bank a security interest in the property, if any, described in the space below and in all other property of Maker now or hereafter in Bank's possession, and such security interest shall also secure all other liabilities of Maker to Bank, whether primary, secondary, direct or rnntingent, present o• future. The aforesaid security interest excludes the Makers primary residence unless said primary residerx~ is described below. •r t.Ot I~Stl3~ ~itioll I2~ q~l'D00t ~s ~ ~T !!lLtt I>1L~s . au ~sil~d irl Baia ~~N . 1i9Ttarr~~~ tta+il~~~y~ Sb•»~.'~~~~asyk~~M'orslti s~~si~al~a~b~7~1994f~~~~,~~ ~p I f the Banlc~equ~es the a ce? to obtarn~irn ura~ n~srnvzria ~agarn- sf 7DU or a~ mega to The co~TateraT secun tlte~tVlalc~fS`r>8ebb~e~etssOTo-[11e Ba~k~~ie Maker ,:.,y obtain such coverage from any agent, broker or insuror acceptable to the Bank. It is jointly and severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party to this note lall of whom are e•e~nafter for brevity called Obligor or Obligors) that: Bank shall exercise reasonable care in the custody and preservation of the Collateral and shall be deemiM to have exercised reasonable care et it takes such ct~on for that purpose as Maker shall reasonably request in writing, but no omission to comply with any request of Maker shall of itself bedeemed a failure to ».:ercise reasonable care. Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, calls, conver- ; a .changes, offers, tenders or similar mau~rs relating to any of the Collateral, nor for informing the undersigned with respect to any thereof. Bank shall not e i,ound to take any steps necessary to preserve any rights in the Collateral against prior parties, and Maker shall take all necessary steps for wch purposes. Bank j its nominee need not collect 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 'r neon to transfer at any time to itself or to its nominee any Collateral and to receive the income thereon and hold same as security herefor, or apply it on the p•mcipal or interest due hereon or due on any liability secured hereby. Upon the happening of any of the following events, each of which shall constitute a default hereunder, or if the Bank deems itself insecure, the entire unpaid I ~~ance of this note and all other liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, without notice or demand, become imme- - ;~.,tely due and payable: (al failure of any Obligor to perform any agreement hereunder or to pay in Lull, when due, any liability whatsoever to Banl~ or any in- _~.:~ment thereof or interest thereon; Ib1 the death of any Obligor; Icl the filing of any_petition under the Bankruptcy Act, or any similar federal or state statute, j y or against arty Obligor; (d) an application for the appointment of a receiver tor, the making of a general assignment for the benefit of creditors by, or the E n.olvency of any Obligor, (el the entry of a judgment against any Obligor; (f) the issuing of any attachments or garnishment, or the tiling of any lien, agaiASt j any property of any Obfigor; 191 :he taking of possession of .any substantial part of the property of any Obligor at the instance of any governmental authority; phi the dissolution, merger, consolidation, or reorganization of any Obligor; Ii1 the determination by Bank that a material adverse change has occurred in the I f n 3ncial condition of any Obligor from the conditions set forth in the most recent financial statement of such Obligor heretofore furnished to Bank, or from •~N condition of wch Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, or statement of any ~ ~~igor (whether contained in this note or not) pertaining to or in connection with this note or the loan evidenced by this note is not true; fjl the assignment by "~y Maker of any equity in any of the Collateral without the written consent of Bank; Ik1 failure to do all things necessary to preserve and maintain the value :.~ri collectibility of the Collateral, including, but rot limited to, the payment of taxes and premiums on policies of insurance on the due date without benefit of the grace period- Unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market, Bank will give Maker rea- s n.,hle ratite of the time and place of any pubfic sale thereof or of the time after which a private sale will be held. The requirement of reasonable notice shall met rf such notice is mailed, postage prepaid, to any Maker at the address given below or at any other address shown on the records of the Bank, at least ten ::y; before the time of the sale. Upon disposition of any Collateral after the occurrence of any default hereunder, Obligors shall be and remain liable for any :ef~cieney: and Bank shall account to Maker for any wrplus, but Bank shall have the right to apply all or any part of such surplus for tb hold the same as a r~•s?rvel against any and all other habdities 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 note is due: lal to pledge transfer this note and the Collateral, whereupon Bank shall be relieved of all duties and responsibilities hereunder and relieved from any and all liability with respect to any Collateral so pledged or transferred, and any pledgee or transferee shall for all purposes stand in the place of Bank hereunder and have all the • ;hts to Bank hereunder, (bl to transfer the whole or any part of the Collateral into"the name of itself or its nominee; Ic1 to notify the Obligors on any Collat- e~ai 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 ~i?;irable with reference to the Collateral; and le} to take possession or control of any proceeds of Collateral. No delay or omission on the part of Bank in exercising any right hereunder shall operate as a waiver of such right or of any other right under this note. No ..diver or alteration shall be binding on Bank unless in a writing sgned by an authorized Bank officer, and then only to the extent specifically set forth therein. °resentmem, demand, protest and notice of dishonor, are hereby waived by each and every Obligor. The taking of a renewal note without the signature of any maker or erxiorser liable on this note shall not be deemed a payment or discharge of this obligation and the liability cr hereunder shall continua until this „,,t„ is paid in full- The Obligors, jointly and severally, promise and agree to pay aH costs of collection, including at rneys fees equal to 10'Xi of the amount !~n-:nced, or such larger amounts as may be reasonable and just if collected by legal proceedings or thro an at I ,including appellate proceedings. j The u ned ackno a reCei a competed copy of this no n this date. .'~.ddress 91~ ~ - ~ ISEALI • t.,'rlress ~iu1 ~ Z (SEAL) r R 3U8 PACE 14~ r BS 752 Rev. 1 /79 -