The URL can be used to link to this page

Home My WebLink About1372 _ _ . . _ _ . _ - _ ~ DISCLOSURE NOTE FOR INSTALLMENT LOANS ~ s .TMSM NiCti ~k tn? anwunt a.ce~wa s~~~-~ E 9ANK NAME (B) Pr~mium lor Ciedit ~ ~~~.~~~san~~~~v ~ns. s ~ t. 0• ~t ,~M s~s'~ IC) Documt~tary Stamps S ~ OFFICE AOCRE55 (01 OihK Chu~s li~emi:el S ~ ~e~ s . NOTE NO. UATEO: ~ J~r ~'O , 19 (F) S ~ (G) Amount Finanted ` oUE: ,.`_~r 11 .~s..ti• ~n• e• c• o. E, f1 S 22.433.75 , (H) Interesf S is~,j~~ PLACE: Y~~ ~1 , FLORIDA (l) Gedit I~vesugation = ~ IJl Other S ~0"' For value rece~ved, the unde?signed (he~einaf~er called "Make~") joi~tly and severally (if (K) s ~nore than one) Prom~se to pay to tAe order of tM Bsnk, at its olfice listed above, the Towl . a t~ t~t~ IL? ' S ~ 01 Paymenn (from (N) at righU of ,~~~.,,~o++,++Q Oollars payable in equal monthly initallments ol S , the t~~st ~MI FINANCE CHARGE if.i~1.4s (H, 1, J, K, LI S ~ns~allment due on ~~~t 11 _ , 19~., and wbseque~t ins[allments due on (N) Total of Payments (G + M) S.~S~37S~~ ~r:e~_day of esth nsonth thereatte~, to9e~her with a FINA~ BA1.~00N PAYMENT OF: ANNUAL PERCENTAGE RATE 1Q.Q~ % ~ +O!~ DUE . 19 ` 5 - The Bsnk shall impose s delinquency charge agairut the Maker o~ any payment which has beeome due and remains in detault tor a period in excess of ~0 3 cfays i~ an amount aqual to 5x of the amount oi the principal part of the payme~t in detault. In the event that the Note is not paid in full at maturity, all pay- + ments, whether principal, interest or otherwise, shall bear interest at ths maximum legal rate allowed under the 1aw. All payme~ts made hereunder shall be e credited first to interest and then to p?incipal, however, i~ the event of default, the Bank may, in its sole discretion, apply any payment to interest, principal ' andlor lawlulcharget then aotrued. It is the intention of the parties hereto that the provisions herein shalt not provide directly or indirectly tor the psYment ~ oi a greater rste ot interest or the retention oi any othe~ charge than is allowed by law. H, for a~y reason, interest i~ excess of wch legal rate or a charg~ pro- n~b~ted by law shall at any time be paid, any wch excess shall either tonstitute a~d be treated as a payment on the principal w be refunded directly to the ~ ti4aker. The Make? may prepay the entire unpaid balance of the loan at any time. If the loan is prepaid in full, atcelerated or refinanced, the Maker shall reteive i a refund of the uneamed portion oi the interest and insurance premiurru computed by the Rule of 78's method, except that the Bank shall be entitled to retain ~ a minimum interest Cherge of 55.00. - CREDIT LIFE AND CHEDIT LIFE b DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Suth inwrence covetage is ~ ava~labl~ at the catt dasignated below for the term of the credit: (a) S ~0"" tor Credit Life Inwrance (b) S ~0" ~ tor Credit life ~ Disability Inwra~ce: ~ Check ?(kedit Life Insurance is desired on the life o Birthdate ~ Appl. ? Gedit Life dc Oisability Insurante is desired Birthdate Box Q Gldit Life and/o? Disability It?surance " ed. „ ~ ~ / ~ i • Si nature lf~~~~ r 'G ~`y Date: ~ir 10~ Signature = ~ 9 ~ ~ ~ AFTERACQUtRE0~R0~ERTYYMIlL8ESU8lECTTOTHESECURITYINTERESTANDOTHERORFUTUREINOEBTEONESSISSECUREOBYANYSUCHPROIERTY,ASfOlLOYYS: ~ Maker hereby gtaon to Bank a security interest in the property, if any, described in the space below and in atl otherproperty of Maker now or hereafter in ~ Bank's possession, and such security interest shall slso seCUre all other liabilities of Maker to Bank, whether primary, seto~dary, direct or coniingent, present or f uture. The aiwesaid seturity interest excludes the Makers primary residence unleu said primary residence is destribed below. ~ Lot 350 O~JI ~s asscsib~d ia sail ~rtp~. 19T7 1i~sits~e Tnwl Tnil~s S8ria1 No. = < '~7~4s N'~al fCY~ Y00~• a z ~ # • 3 !i the Bank ~equires ihe Maker to obtain insurance coverage against loss or damage to the collateral securing the Makers indebtedness to the Bank, the Maker ~*;ay obtain such coverage from any agent, broker or insuror acceptable to the Bank. ~ Ic is jointly and severally covenanted and agreed with the Bank by each Maker, erxfors¢r, surety, guarantor, and oTher party to this note (all of whom are ~ ~~ere~natter for brevity called Obligor or Obligors) that: F Ba~k shall exercise reasonable care in the custody and preservation of the Cotlaceral and shall be deemed to have exerc;sed reasonable wre if it takes such ~ acc,o~ for that purpose as Maker shall reasonably request in writing, but no om~uion to comply with any request oi Maker shall of itself be deemed a failure to ~ eR?~cise reasonable care. Without limiting the generality of the foregoing, the Ba~k shall have no responsibility (or ascertaining any maturities, calls, conver- s~on, exchanges, offers, tenders or simila~ mattlts relating to any oi the Collateral, ~or for informing the undersigned with respect to a~y thereof. Bank zhall not ; I~ i,? bound to take any steps necessary to preserve any rights in the Collateral against prior parties, and Maker shall take all necessary steps tor such purposes. Bank " i u- rts nominee need not collect interest on or principal oi any Collate.al or give any nouce with respect to it. Right is hereby expressly granted to the Bank at its ' i option to transfer at any time to itself or to its nominee any Collateral a~d to receive the income thereon and hold same as security herefo., or apply it on the S ~ prmcipat Or interest due hereon or due on any liability Setured hereby. ~ z I Upo~ the happening ot any of the following events, each of which shall const~tute a detault he~eunder, or if the Bank deems itself insecure, the e~tire unpaid ~ ~ ha!ance of this note and all other liabilities of each Maker to Bank shall thereupon or thereaiter, a~ the option ot Bank, withou[ notice Qr demand, become imme- 2 :i~ately due and payable: (a) tailure of any Obl~gor to perform any agreement hereunder or to pay in tull, when due, any liability whajsoever to Bank or a~y in- st~lment the~eoi or interest the?eon; (b) the death of any Ob~i9or; (c) the tilinq of any petition u~der the Bankruptcy Act, or any similar federal o~ state statute, E t,v or against any Ob~~gor; (d) an application for the appointment of a receive> for, the making of a general assig~ment for the benefit of creditors by, or the ~ ~nsolvency of any Ob~~gor; (el the entry of a judgment against any Obligor: If) the iuuing oi any attachments or gaz~ishment, or the filing of any lien, a9ainst any prope~ty of any Obl~gor; Ig) the taking of possession of any substantial part oi the property of any Obligor at the i~stance of any gover~mental authority: ; ` ihl [he dissolution, merger, co~solidation, or reorganization of any Obligor; (i) the determination by Bank that a mater~al adverse change has occurred in the t ~~nancial tOndition of any Obligor (rom the conditions set forth io the most recent finanual statert?2nt of such Obhgor heretotore ~urnished to Bank, or from - F ~~~e condition of such Obligor as he~etotore most recently disclosed to Bank i~ any manner; or that any vrarranty, ~epresentation, ce~tificate, or statement oi any Gt~figor (whether contained in this note or not) pertaining to or in connection with this rtote or the loan evidenced by this note is not true; (j! the auignment by ~ ;ny Maker of any equity in any of the Collateral without the written consent ~i Bank; (k) ~a~lure to do all things necessary to preserve and maintain the value ,,nci collectibility ot the Collateral, inctuding, but not limited to, the payment of tazes and premiums on policies of insurance on the due date without benefit ot ~ !ho (]tBCC pCflOd. - ~ a Unless the Collateral is pe~~shable or threatens to dectine speedily in value or is of a type customarily sold on a recognized market, Bank will give Maker rea- ~ ~nable r?otice of the time a~d place of any public sale thereof or of the t~me aiter wh~ch a private sate will be held. The ~equirement oi reasonable ~otice shall ~ i;> met if such notice is ma~ted, poscage prepa~d, to any Maker at the address given be~ow o~ at any other address shown on the records of the Bank, at teast ten - ~ d,,ys before the time of the safe. Upon dispos~tion of any Collate.at after the occurrence o( any defautt hereunder, Obt~go:s shall be and remain liable for any ` ~ ~~~•f;c~ency: arxl Bank shall account to Maker (or any wrplus, but Bank shall have the right to apply atl or any part of such surplus (or to hold the same as a 4 ? ezerve) agamst any and all other I~abilities of eaCh or any Maker to Bank. - Bank shall have, but sha~1 not be hmrted to, the following righis, each of which may be exe~cised at any time whether or not this note is due= (a) to pledge } u< <ranster this note and the Collateral, whereupon Bank shall be relieved oi all duUez and responsibitities hereunder and relieved (rom a~y and all liabiliry with ~ y ~espect to any Cotlateral so pledged or transferred, and any pledgee or tra~sferee shall fo~ a~l pwposes stand in the ptace oi Bank hereunder and have alt the ~ -~qhis to Bank hereu~der: (b) to transfer the whole or any part of the Cotl3teral into the name of itself or its nominee; (c) to notify the Obligors on any Collat- • ~ eral to make payment to Bank of any amounts due or to become due thereon; (d) to demand, sue (or, coflect, or make any compromise or settlement it deems ; !esi.able witb reference to the Collateral; and (e) to take possession or controt oi ar,y proceecls ot Collateral. ~ No delay or omission on the part o~ Bank in exercising any righl hereunder shall operate as a waiver ot sucA •~ght or of any otFer right under this note. No ~ ,-:a~ver or atteration shall be birxling on Bank unless in a writing signed by an authorized Bank ofiicer, and then only to the extertt specificelly set forth therein_ ~ ~-esentment, 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 endorser I~able on this note shall not be deemed a payment or discharqe of this obtigation and the liability created hereunder shall continue until this = ~ r,:ne rs paid in (ull. The Obh9ors, jointly and severally, promrse a~?d agree to pay all costs of collection, including attorneys' fees equal to 10~(i of the amount ~ ~anced, or such large. amouMS as may be reasonable and just if collected by 1 al proceedings or thro an attorney Iaw, including appe~late proceedings. The k~owl} e eceipt letr.d copy ot this note on this date. ~ • • : ~ a~id~ess s~~ ~ CL• ~ Gl~s ~ ~ , • , (SEALI ~ ~ ~ f ~ / .e ' , C.~idress ~r ~ ~ (SEAL) ~ M~, ~ " ~ :K i ~ - n-~~~K31?_ ~~~~~1.37'0 ~ F BS 7S? Rev. 1/79 ~