HomeMy WebLinkAbout0125 _ , .,,F ~~..•ww -
DISCLOSURE NOTE FOR I,NSTALLMENT LOANS :
~~M ~~k ' ' IA) . Amount P~iwd s i~ll~~
BANK NAM (B) Pr~mium (a Cndit
u+.~a~.wu~ i~u. s
iu
'~a ~ ~1 ~ ~~7. ` (C) Docurtr~qrl? St+nw~ t~~~~+
QFFIC AOORESS, , ' . _ , ~ (O~ OthK Chityq (Itfmisf) _ ~
•
=_~i_
NOTE NO. OATEO: t~~~ l~tb ; 19 . (F) ~ ' . s ~ .
DuE: 16th . (G) Amount fin~nc~d
,~g e~ (A. B, C. E. FI = l~~~„__
,~~y~ (H) IntKat f +
PLACE: ~ . FLORIOA (1) G~dit Inv~s~gatidn s~ •
(J) Otlyr s ~ .
Fo~ value rece~wd;'th~ undersgned (he~tinaiter wlled •'Maker") iointly and s~verslly (if
mo~e than one) pro111i~ _(o pay to th~qrd~~t_~nk, at its otfite listed abov~, the Toial (IC) s~
of Payrtfents (~rom (N) at ~iqht) Ot i N ~O~Isrs payapa - S ~ _ ; : `
e+~ual monthly installrQe~ls ot. S • , cne ~~r:t ~M~ FINANCE CHAR~iE .
(H. 1, J, K. L) t
~nstallment due on '~~~,1(t~_ . 19_~. and wbspuent inscsllm~nt: du~ on (N) Totsl of Psymtnts (G + M) -
thel~ay of each montA Merptte~, ~o9e~~~ w~cn a F~NA~ BA~~OON PAVtNeN7 OF: ANNUAL PERCENTAGE RATE %
5 • OUE , 19 M :
The Bank shall imposs ~ delinqu~ncy d~srge s~sinst the Makar on sny payment which ha bscome due snd nmaios iq d~iwlt ior a period in ezc~ss of ~0
:t~ys ~n an amount puat to ~X oi the smount oi the p?incipat psrt ot tM p~yment in default. In tM event that tht Note is not p~id in tull st msturity, all psy- =
menu, whethe~ pri inter~st or otMrwis~, shs11 b~u interat st tM maximum legal ratt sUowed under the I~w. All ~
' cred~~ed fiwt to int~
~nd thu~ to principsf, how~v~?, in tM went oi d~fault. tM Bsnk may, in its sole disu~tion, hereund~ ~hsU b~ ~
! ~PNY ~Y WY~nt to in[ers=t, principsl
and/or lawlul cha rg~s then ~ccrued. It is tM intMtion ot the panies hereto thst th! provisions h~rein shall not provide directly or indirectly for tM psyrrnnt ~
or a greater rat~ of intM~st~w the r~tention of sny other chKpe thsn is allowed by law. It, tor any reason, intarest in ~zoets of wCh lepal rate or s charg~ pro-
; h~~~~~ed bY law ~hall st~~nY tims be psid, any such excess shall eithe? constitute and be trested ss a payment on the principal or be returxled dinctty to ths
!~lakar. The Make? m~y er~y th~ eotire unpaid bslance of tfie losn st anv time. N the loan is oreoaid in fu11 a~r~lwrat~f nr rwt:nan.ti.1 .ti. usr...w.u
~ ~~~~~n; u~ tne un~am~ai pwjioo pf i~e interest anci insuqnos pratmums computed by tM Rule of 78's method, exoept that the Bsnk shall be entided to retsio '
i n minimyrn intl~Rft Ch~r9e Of j5,~, _
I CREDIT LIFE AND CREDIT LlFE 8 DISABIIITY, INSURANCE ARE VOLUNTARY AND NOT qEQU1RE~ FOR CREDIT. Such inw~ce covenys is .
~ available st th~ cCtt d! iqosUd below for~ i~it: foN i t
liteM~
n~w*~ (b) S ~0"
ao~ Credit Lifed~ Ofsabili Insurante:
i Check ~ Gedit Lifs I~uurar~ce is daired oo the lite of ~~'~C~ ~Yl~! gi~thdateTl,~~ 1~~ - ~
App~. ? Gedit lif~ ~ p~~aWlity I~ur~e a desired on Birthdat~
#
~ 9ax ? Qedit Life sndJor Dis~bility Insunnq is npt dew~d.
` l. ;
~ Date: ~~~~'11 Q.t_ ~~~~ignature x Signature f
~ AFTERACaWREO~NOrERTY1MILLdESUUECTTOTHESECURITYINTEREfTANDOTNE110RFUTUREINDE~TEONEfSIStECUREOl1fANrSUCH?RO?ERTY,ASFOlLOYMS: ~
! Maker hereby prsnts to Ba~k a saeurity intarest in the property, if any, dtsc~it~d in the spacy be~ow and at~ other prop~rty of Maker now or h~reaiter in ~
i Bank's postession, and sueh s~curity interest sAsll al~o secure all other liabilitiet of Maker to Bsnk, whether primsry, secondsry, direct or contingent, present
, or future. TAe aforesaid secu?ity interat exclud~s the Makers p?imary residence unless said prirtwy residence is destribad below. i
Lo! ndl~seribM ~1t ~ ~ ~ ~ ~~'A AT ~ IiL'~,~ : :
' ~ +~~flNi 196i Not!#sy ~i~r ~1~ ~ t '
~ ' i!!'~h ~es~w1 yor . "~:f
v
? - -
I! [he Bank requires the Maker to obtain insurance coverage against iou or dar?wge to the collateral securing the Make~s indebtedness to the Bank, the Maker i`
~~~v obtam such toverage trom any agent, broker or inwcor acceptable to the 8ank.
Ir ~s jointly and severally covenanted and agreed with the Bank by each Maker, endorser, surety, guara~tor, and other party to ~his note (all of whom are =
he~e~nafter tor brevity Called Obligor w pbligprs) thaL'
Bank shall exe+cise reasonable care in the custody and preserration of the Collateral and shall be deemed to have exercised r~asonable care if it takes such
ar~on tor tbat purpose as Make? shaU reasonably request in vwiting, but no om~uwn to comply with any request of Maker fhall ot itsel( be deemed a failure to i,
e.e~cise reasonable caze. Without limiting the generality of the ~oregping; the Bank shall have no resporaibility for ascertaining any maturities, calls, conver-
s:on, exchai~ges, offers, tenders or simitar mattirs relating to any of the Collateral, nor for ~nforming the undersigned with respect to any thereof_ Baok shall not
r~? bound to take any steps necessary to preserve any ~iyhts in the Collatera~ against prior parties, arrJ Maker shall take aIl necessary steps for wch purposes. Bank '
r,~ ~ts nominee need not collect interest on o? principal of any CollateraFor give any notice with respect to it_ Right is hereby exprgssly granted to the Bank at its ~
~~n!~on to trenster at any time to itself or to its nominee any Collateral arxl to rece,ve the income thereon and hold same as security herefor, or apply it on the
p~ ~ napal or interest due hereon or due on any liabiliry secured hereby.
Upo~ the happening oi any of the following events; each of which sAal~ constitute a default hereunder, or i( the Bank deems itself insecure, the entire unpaid
:~ai,nceof this note and all other liabilines of eacb Maker to Bank shall thereupon or the~eafter, at the ophon of Bank, without notice or demand, become imme-
~!+a!ely dqe and payable- (a) ~aiJure of any Obligor to pertorm any agreement hereunder or to pay in tull, when due, ar?y liability ~whatsoever to Bank or eny in-
s[~Iment ~creoi or interest thereon; (b) the death of any pbl;gpr; (c) the fi!ing of any petition under the Bankrugtcy Act, r~. ?ny sem!!a! ~t~des2! or state statu!e,
~~r aga~n~i anY Cbligor; (dl an application for the appointment of a receiver.(o~, the making of a general assgnme~t tor the benefit oi creditors by, or tFie
~so~vencY M any Obtigor; (e) the entry of a judgment against any Obligor; (f) the issuing oi any attxhments or garnishment, or the (ili oi a~ lien,
ng Y against
P~operty~of any Obligor; (g) the taking ot possession oi sny substant~al part ot the property of any Obligor at the insta~ce of any governmental authority; '
i the dissolution, merger, consolidatior~ or reorganization ot any Obligor, (i1 the determination by Bank that a matenal adve~se change has occurred in the
~ ~,rc~al condition of any Obligor (rom the conditwns set torth m the most recent finaocial statement of wch Obligor heretofore furnished to Bank, or from
~r.e corxlitan of wch Ob6gor as heretofore most re~ently dixlosed to Bank in any ma~ner; or that any warranty, representation, ce~tificate, or stetement of any
~7!~i~gor (wbether contained in tbis note or not) pertaining to or in connectian nnth this nore or the loan evidenced by this note is not true; (j) the auignment by
^v Maker of any equity in any o( the Collateral without the written consent ot Bank; (k) failure to do all things necessary to preserve and maintain ihe value
-:~!1 collectibility of the Co~late~al, including, but not lim~ted to, the payment o1 taxes and premiums on policies oi insurance on the due date without benefit of
9~ace period.
Unl~s the Coltateral is perishable or threatens to dec~~ne speedily in value or is ot a type custo~iarily fold on a retognized ma.ket, Bank will qive Maker .ea-
~ ~,:~h~e nouce of the time a~d place o} any publi~ ~Ie ihereoi or of the hme after which a prirate sale will be held. The requirement of reasonable ~otice shall
i, met if such notice ~s ma~led, postage prepaid, to any Maker at the address given below o? at any otf?@r address shown on ~he records of the Bank, at least ten
; f s before the time of the sale. Upon disposition of any Collateral atter the occurre~ce ot any default hereunder, Obligors shall be and rert~in liable for any
~c~ency; and gank shall account to Nlaker for any wrplus, but $ank shall have the right to apply all or any part of such wrplus to. to hold the same as a
~ese~ve) against any~and ali other liabi5ties of each or any Maker to Bank.
Bank shsll have, but shall not be limrted to, the following rights, exh of wh~ch may be e~ce.cised at a~y time whether or not this note is due: (a) to pledge
c, ;~ansfer this rtote and the Collaterat, whereupon Baak shall be relievEd oi all duUes and ~esponsibilities hereunder and relieved from any and all liability with
~Vspect to any Collateral so ptedgecf w transJerred, and any pledgee or transferee sF~ali tor atl purposes stand in :he plaGe o~ Bank hereunder and have all the
•:;n~s to Bank hereunder, (b) to transfer the whole or any pa~t o{ the Collateral into the name ot itself or its ~om~nee; (c) to notity the Obligors on arry Collat-
e-ai ro make payment to Bank of any amounts due or to become due thereon; (d) to demand, we for, collect, or make any compromise or ssttlemeM it deems
~se>~~able rNth reference to ~he Collateral; and (e) to take possession or contrd of any proceeds ot Collate.al. •
No delay or omiuion on the pa~t of Bank ~n exerc~sing any right hereunder shall operate as a waiver ot such right or of any othe? right under this note. No
wa~ver or alteration shall be b~nd~ng on Bank unless in a vwiting signed by an authwized Bank offite~, and then only to the extent specifically set torth therein.
?*esentment, demand, protest and notice of dishonor, are hereby waived by exh and every Obligor. The taking ot a?enewal note without the signatwe of any
m:~~k2r O? endorser liable on thls'note shatl not be deuned a payment or discha~ge of this obligat~on and the liabiliry created hereunder shall continue until this
--,~e ~s paid in (utl. The Oblgors, jointiy a~d severally, promise and agree to pay aU costs of collection, including attorneys' ~ees equal to 1~ ot the amount
'~~anced, or stxh larger amounts as may be reasonable and just it collected by legat proteedingt or througl? an attorney at law, intluding appellate Woceedings.
The undenig~ed acicnowledge rece~pt of a completed copy of this note on this date.
^ ) r
:.~:,~~ess ~ ierl~ 116~ !lLlMril2~ O~c. ~~~~r~~R~~~~ is ~._=a^ ~
f i (SEAL)
~a~N~ M~arlq C~- -
l.~7r;rP.iS ~ ~ ~ tt (SEAL) ~
1
80RK ~~,1 PAGE ~z5 i