Loading...
HomeMy WebLinkAbout0477 . i . - - ~ ~I~.'~'L_;.~~ ' • L DISCLOSURE NOTE FOR INSTALIMENT LOANS ~1 IA1 Amount R~ce~veil S 10~~~~ J~Sr ~b ~t (8) Prem~um lor Credit BAN1~ NAME li(e/plsebihty Ins. S +o- • ~fwar1i. 1iLS~ IC) Documemary Stamps S ~•u OFFICE AOORE55 ~ (0) Othtr Charges (item~ze) S ~ Jw 4 ~ . ~E? s - , 19 7~ . IFI s ~a !~CTE NO. UATEO: (G) Amouol Financed 1O ~~u J~~ ` 19 ~6 IA, 8, C, U. E. FI S ~~~E (N) Interest s ~~=O • ~r~~ _t, FLORIpA (1) Gedit InvesUgation S ~o- . P~ACE- (J) Other S ~a Fo~ value received. the unders~gned (here~natter called "Makei io~nUy snd severally (if (K) s ~Q~ ~no~e iha~ one) p?omise to pay to the order oi the Bank, at its oftice listed abovs, the Total s ~a • ot Payments (from (Nl at right) of ~L- na_i~ potwrs payab~e in , tne t~rst ~?~1 FINANCE CHARGE 4=~~~ .~.iual monthly ~iKtallments ot S~~•~ (H, 1, J, K. L) s ~ s c a l l ~m`e ~n t d u e o n 'i~~ ` . 19?~ , and wbsequent installme~ts due o~ (N) Total of PaY~~ts (G + M) S 1 ~ ~ne ~aY of each month therealce~, ~o9e~ner w~tn a F~NA~ eAl.l.00N PAYMENT OF: ANNUAI PERCENTAGE RATE 1• % , ~ +d"' DUE , 19 . ' The Ba~k shall impose s dslinquency cherge against the INaker on any payment which has become due and remains in detautt tor a period in excess ot 10 :f:~ys in an amount equal to ~ ot the amount of the principal pa~t of the peyment in default. In the event that the Note is not paid in tull atmsturity, all psy- men[s, whether principal, interest or otherwise, shall bear interest at the maximum legal rate allowed unde~ the law. All payme~ts made hereunder shall be ~rzd~tCd firSt t0 intNQft i~d thCn t0 prinCipa~, however, in ihe event of default, the Bank may, in its so~e diuration, app1Y anY PaYme~l to inte~est, principal ~nd or lawiulcharges then accrued. It is the intentio~ oi the parties hereto that the provisions herein shall not provide directly or indirectly for the payme~+t a greacer rate of interest or the retention of any other chsrge than is altowed by law• for any reason, interest in excess of wch tegal rate or a charge p~o- r„b~ced by law shall at any time be paid, any such ezcess shall eithe~ mnstitute and be treated as a payment on the principal or be refunded directly to the °:+aKer. The Maker may prepay the entire unpaid ba~ance of the loan at any time. If the toan is p~ePa~d ~n tu~~, accelerated or refinanced, the Maker shall receive ,~zf~nd of the unearned portion of the ~nterest and insurance premiums comPVted by the Rule of 78's me[hod, except that the Bank shall be entitled to retain : m~n~mum inte~est chargR of =S.OO. CREDIT LIFE AND CREDIT LIFE & DISABIIITY INSURANCE ARE VOLUNTARY ANO NOT REQUIREO FOR CREDIT. S a enwrance coverage is ~va~lable at the coat designated below tor the term of the credit: (a) S ~a for Credit Life Inwronce lb) S fo~ Credit lite d~ Oisability Insurance: ~heck ? Gedit Lite Insu.ance is desired on the life oi Birthdate 8irthdate appi. ? C~edit Lite d~ Oisability Insurance is desired on dox ~Cred~t Life and/w Disability Insurance is nOt desired. ~a:e. J1~~ l~» Signature~ - Signature AFTER ACnU1RED PRO?ERTYIMLL BE SU6JECTTO THESECURITY INTEHEST ANO OTHER OR FUTURE INDEBTEONESS ISSECUREO BY ANYSUCH ~ROPERTY, AS FOLLOWS: !~laker hereby grants to Bank a seturity i~terest in the property, if any, described in the spxe be~ow a~d in all other property of Maker now or hereafter in B.~+,k's possession, and such seturity interest shalt elio secure all other liabilities ot Maker to Bank, whether prirnary, secondary, direct or contingent, present f uture. The aforesaid seturity interest excludes the Nlekers prim2ry residente unleSS said primary residente is described below. Lot i43, ~atie~ I, OOZlf00t ti~0lTS 0~ _~l~.ICa A? ~l'!l~.BS ISLA~. as daeriM~ 3a ~a31 ~t~ti~• ; i F the Ba~k requires the Maker to obta~n insurance coverage anainst loss or damage to the collateral securing the Makers indebtedness to the Bank, the Maker ~ otlta~n such coverage trom any agent, broker or insuror acceptab~e to the Bank. f 12 ~s jo~ntly and severally covenanted and agreed with the Ba~k by each Maker, endorser, surety, guara~tor, and other party to this ~ote (all oi whom are ~ e~nafcer for brevity called Obl~go• or Obligors) that:_ , B:,nk shall exercise reasonable care the custudy and preservation of the Co?lateral and shall be deemed co have exercised reasonabte care ~f it takes such ~ ~on for that purpose as Maker shaU reasonably reyuest in writing, but no om~ssion to comply with any request of Maker sha~~ of itself be deemed a tailure to ~ .c.c,se reasonable care. W~thout Iim~ting the general~ty o~ the foregoing, the Bank shall have no respons~bili[y for ascertaining a~y maturities, calls, conver- ~ ~,,n, exchanges, oifers, tenciers or similar mattArs relating to any of the Collateral, nor for ~nformin9 ~he undersigned with respect to any thereof. Bank sha~l not c~ound to take any steps necessary to preserve any rights in the Collateral agamzt prior part~es, and Maker shaU take all necessary steps for such pu~poses_ Bank ~ ~~~s nommee need not collect interest on o~ pilncipal o~ any Coltate~al or give any nouce with respect to it. Right is hereby expressly granted to the Bank at its ~•~~±~on to transfer at any time to itselt or to its nominee any Collatera~ and to receive the income thereon and hold same as secunty heretor, or apply it on the ~ cr~r,c~pal or interest due hereon or due on any I~ability secured hereby. Upon the happening of any of the tollow~ng eve~ts, each oi which shall constitute a detault hereunder, or if the Bank deems itse~f insecure, the entire unpaid ~ ~nce of this note and all other I~abiliues of each Maker to Bank shall thereupon or thereafter, at the opuon oi Bank, without notice or demand, become imme- ,,,cely due and payab~e: (al ~aJure oi any Obhgor to perform any ag+eement hereunder or to pay in full, when due, any liability whatscever to Bank or any in- ~ :iment thereof or interest thereon: (b) the death of any Ob~~gur; (c) the tiling o~ any petition under the Bankruptcy Act, o~ any similar federa~ or state statute, or the , r or against any Ob~i9or; (d) an apFlitation for the appointme~t of a receiver tor, the making ot a general ass~gnment for the benefit of aedhors by, n;olvency ot any Obli9or, (e) the emry of a ~udgment agai~st any Obligor; (f) the ~sswng oi any attachments or garnishrr?ent, or the filing of any lien, a9ainst ~ ~y property ot any Ob~igor, (g) the taking ot possession ot any substa~ual pa~t of the properry of any Obh9or at the instance ot any governmental authority; ~i the dKSO~uticn, merger, co~so~idation, or reorganization of any Obligor; Ii) the determination by Bank that a material adverse change has ocCUrred in the ' n:3nual condition oi any Ob~~gor from the condiuons set forth in the most recent tinanc~a~ stacert~e~t of such Obt~gor heretofore fur~ished to Bank, or from ~ •he cond+hon of suth Obhgor as hereto~o~e most retently disclosed to Bank in any manner, or that any warra~ty, representation, ceruticate, or statement ot anY z :i,!~gor (whether contamed m this ~ote or notl pertaining to or in connettion with this note or the Iaan evidersced by tfiis note ~s not true; (j) ihe assignment by ,~,y Maker of any eqwty m any o~ the Collaceral without the wntten consent o( Ba~k; Ik) tadure to do all :hings necessary to p+eserve and maintain tfie value ~ ~,e1 collecubility of the Collateral, ~nclud~ng, but not timrted to, the payment of tazes and premiums on pohcies o( insurance on the due date without benefit oi rn? qrace period. ~ Unless th? Collateral +s penshable or threatens to declme speed~~Y ~n va~ue or is oi a type customarily sold on a recoynized market, Bank will 9rve Maker rea- ,n.~ble nouce of the tirtw and p~ace oi a~y publ~c sale thereoi or ot the time aiter which a private sale will be held. The requ~remxnt of .easo~able ~otice shall ~ ~ met rf such not~ce is ma~led, postage prepa~d, to any Maker at the add~ess give~ below or at any other acidress shown on the records ot the Bank, at least ten u,yz betore the ume of the sale. Upon dlspos~cion of any Collate~a~ aite~ the occurrence of a~y deFault hereunder. Obligors shall be and remain I~able tor any ~ !~f~uency: and Bank shall account to Maker tor any surplus, but Bank shall have the nght to app~Y all or any part of such surplus (or to hold the same as a ~ -eserve) agamst any arxi a~~ other liabil~t~es of each or any Maker to Bank. Bank shall have, but shall not be I~mited to, the ~ollow~ng rights, each oi wA1ch may be exercised ai any t~me whether or not this note is due: (a) to p~ed9e ~ transter this note and the Collateral, whereupon Bank sha~~ be ~el~eved of atl duties and respons~bilities hereunder and re~ieved trom any and all liability with ~ospect to any Co~lateral w ptedged or transf¢rred, and any pledgee or transferee shall for all purposes stand in the placeai Bank hereunder and have all the ~ -,:ahcs to Bank hereu~de?: (b) to transter the whole or any part of che Collateral into the name of itse~i or its nominee; (c) to notity the Obligors on any o1 at• 3 e: al to make payment to Ba~k of any amounts due or to become due thereon; (d) to demand, sue ~or, collect, o~ make a~y compsomise or settlement it deems ~ ie>~rable w~th reference-ro the Collateral- and (e) to take possession or controt of any proceeds ot Coilateral. No delay or omission on the part of Bank ~n exerusing any right he~eunder sha~~ operate as a warver of such right or of any other rlght under this note. No ~ .v,~~ver or alteration shall be b~rxl~ng on Bank unless ~n a writing sgned by a~ author~zed Bank otticer, a~d then only to the extent specificelly set forth therein. P~ esentment, demand, protest and notice of disho~or, are hereby wa~ved by each and every Obligor. The taking of a renewal note without the signature of any ~ maker or endorser Iiable on th~s note shall not be deemed a payment or discha~ge o( this obligat~on ar?d the.liability created hereunder shail continue unti! this •,n;e ~z pa~d in full. The Obl~gors, ~ointly and severally, prom~se and a9ree to pay aI1 costs of collect~on, includ~rx~ attomeyi fees e+aua: to 1~7G oi the amount ~ `~~a~ceJ, or such larger amounts as may be ~easonable and just coflected by ~egal proceedings o? throu9h an attomey at ~aw, ~ndudi~g appe~~ate p~oceed~??9s- The unde?signe knowleeige receipt of a completed copV o~ this note on this date. ~ Z~S B HiTtiO= Z < Ya~ ~.L.L~ /~.~~~c. .L~. (SEAU ~stt Cliste~ OH r ~ :,ddresz ~ s ISEAII g~, ..~ldress ~ ' ~l ~ ~ 310 477 BoGt ~ 3 ~ a`~ f E35 I ST t1ev. 1/ 79 - - . . .