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HomeMy WebLinkAbout1824 DISCLOSURE NOTE FOR INSTALLMENT LOANS l~ii Jr~f~ ~t IAI Amount Received S Zea~~•~ " BANK NAME 181 Premium (or Credit + Life/Disability Ins. S 1.573.00 _1_93! 0~1!'f~L1 lt.. J~N~ »Iweh. tlvarlli~ 33137 Icl Documentary Stamps s 45.5 _ OFFICE ADDRESS IDI Othe? Charges litemrzel S "'ate ' 1EI S '•a'• '.()TE NO. DATED: ~ 25 , 1971 IFI S ~d• IGI Amount Financed uuE _ , lg~. IA, 8, C, O, E, FI S ~~~0.~3 IHI Interest S 17.7.75 i't ACE: •~flOfflR ,FLORIDA 111 Credit Investigation S ~a IJl Other S For value received, the undersigned (hereinafter caned "Maker") jointly and severally (if (KI S ~a ,ri;,, a than oriel promise to pay to the order of the Bank, at its office listed above, the Total Payments (from lNl at right) of~+~~.2A poUars payable rn ILI S -.;,,,1 monthly instauments of S ,the first IMI FINANCE CHARGE 17,~QZ.7S IH, 1, J, K, L) S ~„tallment due on ~ =i , 19~_, and subsequent installments due on IN) Total of Payments Ili + M) S ~7slZ3•=0 :r,~~~day of each month thereafter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE 10•~ 96 ~ s -O- ouE ,19 The Bank shall impose a delinquency charge against the Maker on any payment which has become due and remains in default for a period in excess of 10 s in an amount equal to ~i of the amount of the principal part of the payment in default. In the event that the Note is not paid in full at maturity, all pay- ~.,ents, whether principal, interest or otherwise, shall bear interest at the maximum legal rate allowed under the law. All payments made hereunder shall be ~_reciited first to interest and then to principal, however, in the event of default, the Bank may, in its sole discretion, apply any payme(rttlo interest, principal ~nci, or lawful charges then accrued. It is the intention of the parties hereto that the provisions herein shall not provide directly or indirectly for the payment 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 pia ~:~[,ited by law shall at any time be paid, any such excess shall either constitute and be treated as a payment on the principal or be refunded directly to the :'aker. The Maker may prepay the entire unpaid balance of the loan at any time. Ii the loan is prepaid in full, accelerated or refinanced, the Maker shall receive •efund 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 { n;~mmum interest charge of SS.UII. CREDIT LIFE AND CREDIT LIFE & DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrance coverage is available at the cost designated below for the term of the credit: lal S 1_S7S.00 for Credit Life Insurance (bl S ~0"" (or Credit Lifedr Disability Insurance: ~ 415,9~.~ tt~ 7 ~=f Check Crtdit life Insurance is desired on the life of Htfld~ ~ lrl7 f. )fir Birthdate 4 ~ ~ Appl. ? Credit life 14 Disability Insurance is desired on Birthdate Box ? Credit Life and/a Disability Insurance is not d tied. Da*,e ZS~ 197! Signature ~ / { Signatures t. / ~ /r < < ~ aiTERA000IREDPROPERTYW1lLBESUBJECTTOTHESECURITYINTERESTAN00THERORFUTUREINOEBTEDNESSIS REDdY NYSUCHPROPERTV,ASFOlU1YYS: 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 B:en K~s possession, and such security interest shall also secure all other liabilities of Maker to Bank, whether primary, secondary, direct or contingent, present uture. The aforesaid security interest excludes the Makers printery residence unless said primary residence is described below. Lt l2~0, i~fetL~ II, 091D00t t!~'! ~ ~IC~ 1! 1aZZLii IsL~ a . ar• ireti?frd it ~siifl ~i+~i~~ 1l7~ Sif~at>n Lisp 3S• lsfaNl Teall~r, r~arial f )573047f 'frith :t!=tMt i~w , 1~1j ~is31 flf3>Ilit~r• 1' the Bank requires the Maker to obtain insurance coverage against loss or damage to the collareral securing the Makers indebtedness to the Bank, the Maker • :y obtain such coverage from any agent, broker or insuror acceptable to the Bank. It is loin[ly aril severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party to this note left of whom are •e~nafter for brevity called Obligor or Obligors) that: B:,nk shaft exercise reasonable care in the custody and preservation of the Collateral and shall be deemed to have exercised reasonable care it it takes such ~.on for that purpose as Maker shall reasonably request in writing, but no omission to comply with any request of Maker shall of itself be deemed a failure to ~cize reasonable care. Without limiting the generality of the foregoing, the Bank shall have no ?esponsibility for ascertaining any maturities, calls, conver- ~ exchanges, offers, tenders or similar matters relaying to any of the Collateral, nor for informing the undersigned with respect to any thereof. Bank shall not ~ ~ t, ,und to take any steps necessary to preserve any rights in the Collateral against prior parties, and Maker shall take all necessary steps for such purposes. Bank ~s 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 „•.un to transfer at any time to :tselt or to its nominee any Collateral and to receive the income [hereon and hold same as security herefor, or apply it on the ^upal 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 enure unpaid •nce of this note and all other liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, without nonce or demand, become imme• rely due and payable: (al failure of any Obligor to perform any agreement hereunder or to pay in full, when due, any liability wftatscever to Bank or any in- - • , rnent thereof or interest thereon: Ibl the death of any Obligor; Icl the tiling of any petition under the Bankruptcy Act, or any similar federal or state statute, ~ against any Obligor; (d) an application for the appointment of a recewer for, the making of a general assignment for the benefit of creditors by, or the veney of any Obligor; let the entry of a lodgment against any Obligor; If? the isstung of any attachments o! garnishment, or the tiling of any lien, against ~ y property of any Obligor, (gl the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental authority; E • me dissolution, merger, consolidation, or reorganization of any Obligor, (i1 the determination by Bank that a material adverse change has occurred in the :racial condition of any Obligor from the conditions set forth in the most recent financial statement of wch Oblgor heretofore furnished to Bank, or from j condition of ;uch Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, or statement of any 4 ~aor (whether contained in this note or not) pertaining to or in connectron with this note or the loan evidenced by this note is not true: (jl the assignment by ^.laker of any eywty m any of the Collateral without the written consent of Bank; 1k1 failure to do all things necessary to preserve and maintain the value p collecubihty of the Collateral, including, but not limned to, the payment of taxes and premwms on policies of insurance on the due date without benefit of .r grace period. Unless the Collateral is perishable or threatens to decline speedily m value or is of a type customarily sold on a recognized market, Bank will give Maker rea- •::hle nonce of the time and place of any public sale thereof or of the time after which a private sale will be held. The requirement of reasonable notice shall n,Pt ii 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 S ; ; hefore the time of the sale. Upon disposition of any Collateral after the occurrence of any default hereunder, Obligors shall tie and remain liable for any `~ciency; and Bank shall account to I'Jfaker for any surplus, but Bank shall have the right to apply all or any part of such surplus (or to hold the same as a ~e~vel against any and all other liabilities 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 r~anster this note and the Collateral, vahereupon Bank shall be relieved of all dunes and responsibilities hereunder and relieved from any and alt liability with E •=~speet to an Cdlateral so led y p ged or transferred, arsd any pledgee or transferee shall for all purposes stand in the place of Bank hereunder and have all the hts to Bank hereunder; Ibl to transfer the whole or any part of the Collateral into the name of itself or its nominee; Icl to notify the Obligors on any Collat- . .I ro make payment to Bank of any amounts due or to become due thereon; Idl to demand, sue for, collect, or make any compromise or settlement it deems .:=s~rable with reference to the Collateral; and let to take possession or control of any proceeds of Collateral_ No delay or omission on the pan of Bank in exercising any right hereunder shall operate as a waiver of such right or of any other right under this note. No ,~;er 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. :a~ntrrtent, demand, protest and notice of dishonor, are hereby waived by each and every Obligor. The taking of a renewal note without the sgnature of any »er or endorser liable on rhis note shall not be deemed a payment or discharge of this obligation and the liability created hereunder shall continue until this •~a a paid in full. The Obligors, jointly and severally, promise and agree to pay all costs of collection, including attorneys" fees equal to 10Wi of the amount :raced, or such larger amounts as may be reasonable and just it collected by legal proceedings or through an ney at law, including appellate proceedings. j The undersigned acknowle~'rec ipt of completed copy of this note on this date. 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