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HomeMy WebLinkAbout2507 - - . _ . ~ ~ . ' _ ' , t t . : . - OISCLOSI~R~ NOT~ ~R INSTAl4MENT LOANS , ~ ~ s . . i (A) Amount Receiwd fl~~,m - . . . NaME IS) Pr~mium tw Credit ~ ~ ~ Lil~/pis~bility Ins. S ~ . . . ' . ~ ICl Documa?u~y Stsmpi t ~0-~ ~ ~ , t01 Ott~ Chup~s littmisd t • ~ !E) ~ s L'LI~QO t rvoTE NO. OATEO: , 19~. (FI t ~A- ~ (Gl Amounc FinanC~d ~ DUE: ~ . 19~ (A. 8. C. O. E. FI S~, O• (H) Int~rat PLACE: ~~M , FlOR10A 11) G~dit Inv~st~gat~on i - IJI Othtr S ~ For'v~Iw nc~iwd. tM undtrsiyrNtl (MrtinNt~r called "Msk~r") lointly and aver~lly (if (K1 S more tM~ aw) p~omis~ to pay to ttw ordfr of. tM Bank, at itt otfice list~d abqw, th~ Toul o~ PaymK?n (hom (NI s~ ~ighil ot OoUsr: pavabb in ILI i ' . equal anpnthly iAttsllm ~ts of S ~ t~ ~us~ IMI FINANCE CHARGE ' ' (H, 1, J, K, L) SiO~~~.~ ~ns~ 1 t due on ~~t' , 19_ nd wbsequent installrtwnts due on (N? Totsl ot.Psymsnts IG M) S'~ - ~ne~ot ~seh month tnerea~cer, tog~tMr wiM~s FINAI BALLOON PAVAIENT OF: ' ANNUAI PERCENTAGE RATE % _ g ~ DUE ---.19 . ~ ~ Th~ Bank shsll impose s delinqwncy chsry~ syiiiut tM MakK on anY psyment which hss bscome due a~d nmsins in dsisult tor a period in ~xast of ~0 cfays in an amount ~qwl to 9% oi the amount ot tM principsl put of tM paymsnt in default. In tM went that the Note is not p~id in full ~t m~turity, ~II pay- men[s, NIMtMr pi~c~P~. ~~tenst w otherwise, shsll bear interest at tM maxirtwm legal ~ate sllowed unds~ tM Isw. All psyrMntf msds 1?KiurdK sh~ll b~ creditsd first to intNest and then to prirxipsl, howeve?. in ths evtnt of d~fwlt, tt~e 8ank msy, in iri sol~ discretion, apply any psYms~l to i~qr~st, P~!~c~W~ ~ anct/or lawful~harga tAeo socrued. It is ths intention of the p~rties hereto that the provisions herein shsll not provide"~ilecdy or mdirectly to~ tM p~llm~nt ~ ot a grMt~r rab ot i~tarest or the retention of sny other ehar thsn is allowed by law. If. 1w snY reason. interest in exoess of such le~sl rat~ or a charg~ pra n~biced by law sh~l at~sny time bs psid, any such exasss shal~either constitute snd be treated as e payment on the principal a be refunded dir~ctly to tM ~ Make?, TM NINc~r msY PfePaY t~ ~+tiro unpaid balsnce of tM loan at any tirrr. If;ha losn is prepaid in full, eccelerated or rofinsnced, the Maker shall reqivt ~ a refund at th~ unstr~atl por ion of the interest snd inwra~ce premium3 computed by th~ Rule o1 )8's msthod, except that the Bank shsll be entitt~d to r~tain a mininlum IntOrest Charge of ~6.00. . . ' , . CREWT~IIFE AND CREDIT LIFE 8 OISABILITY INSURANCE AFtE VOLUNTARY AND NOT REQUIREO FOR CREDIT. Such iriwqna euv~rsp~ is availabh st tM aott d~sipnstad below tor the t~nn of the cndit: (s) S_, tor Gadit Lifs Inwrance (b) S~' ~ fo~ Credit Life 8 Ois~bility Inwrance~ ~a990. ~ie i~sss i~sswesiu trs~y~ ~l0,~00: ~S ~sss Check ? Qedit Lif~ Insurance is desired on the life of 8irthdste ' _ Appl. Crsdit Life d~ Disability Inswsnee a desir,d on Bir~hdate t~KI~ Box ~ Credit Lifo and/or Disability liuuranoe is , . % Date: 13~ Signstur ~ t " Signaturo AFTERACQUIREO~RO~RTYMIILI~ESURIECTTOTNESEC INTERESTAMDOTHERO REIMDEeTEONEiSISSECUREOlYANYSUCH~RO~ERTY,ASFOLCOMIS: Maker herebY (~s~ts to Benk a security i~terett in ~ property. if any, destri " tM spaC! below and in all other property of Maker now o~ hersafter in Bank's passlssion, snd wtA ~ltifrity interest shsll also s~cure sll other liabilities ot kar to Bank, whether primary, ~etondary, direct or conti~gent, present o~ future. The aforsssid s~u?~tY ~~terest exdudes ihe Makers primary residenee unless said primary rosidence is described below: j t . ~ - ~ ~s s~sw ~ 0~ ~ ~ N s~• ~j iAi• ~ ~ - i~: ~ ~ . . . • ~ _ . ~ ~ ~ ~ . ~ ~ - If the Bsnk requires the Maker to obta~n insurance coverage agai~st lou or damage to the co~~ateral securing the Makers indebtedness to the Bank, the IlAaker i ' may obtain such covvage from any ageM, broker or inwror atceptable to the Bank. _ I It is jointly ar?d severally covenanted and agreed writh the Bank by exh Maker, endorser, wrety, guarantor, and other parry to this note (all of whom are k ne~e~nafter tor brevity talled Obligor or Obligors) that_ ~ Bank shall exercise reasonable wre in the custody and preservation of the Collateral and shall be deemed to ha•~e exerc~sed reasonable care if it takes such ' ~ ;;c~~on tor that pu~pose as Nlaker shall reasoryabty request in vwiting, but no om~ssion to comply with any request oi Maker shall of itseli be deemed a failure to ~ e.e~c;se reasonable tare. Without timiting the 9enerality of the toregoing, the Bank shall have no responsibility ior auertaining any maturities, Calls, conver- s~on, excha~ga, offers, tenden or similar mattars relatiog to any of the Collaterat, nor tor informing the unde~signed with respect to any the~eof. Bank shall not t~e bound to take arW steps ~ecessarY to preserve any rights in tl~e Cotlatera~ against prior parties, and Maker shall take al1 necessary steps tor wch purposes- Bank ~ ~ts rwminee o~ed not collect interest on or principal of any Co~lateral or give any notice with respect to it. Right is hereby expressly granted to the Bank at its op ~~on to transfer at any time to itsNf or to its nominee any Collateral and to receive the income thereon and hold same as secu?ity herGfor, o~ apply it on the ~ p-~ncipal w ioterest due hereon or due on any liability secured hereby. ' thw~ the happening oi any of the following events, each oi which shall constitute a detaul[ hereunder, or ii the Bank deems itself insecure, the entire unpaid r,alanceof this note and all other liabilities of each Maker to Bank shatl thereupon or therea~ter, at the option of Bank, without notice or demand, become imme- cf ~a[ely due and payable: (a) fa~lure of any Obligor to perform any agreement hereunder or to pay in fu~l, when due, any liability whatsoever to Bank or any i~- se,~iment [hereot or interest thereon; (b) the death ot any Obligor; (c) the filing oi any petition under the Bank~uptcy Act, w any similar federal or state statute, t~y o+ a9ainst any Obligor: (d) an application for the appointment of a receiver for, the making of a 9eneral assignment for the benefit of creditors by, or the ~nsolvency of any Obligor: (e) the entry of a 1~3~nt against a~y Obligor; (f) the iuuing of any attachments or garnishment, or the ~ling of any lien, against a~~y psoperty of arry Obligo.: (g) the taking of possession of any substantial part of the property oi any Obligor at the instance ot a~y governmental authority; !nj the dissolution, merger, consolidation, or reorganization o( any Qbligor; Iil the determination by Bank that a material adverse change has oaurred in the !:na~cial condition oi any Obl~gor irom the conditions set (orth in the most recent financial statement of such Obligor hereto(ore ~urnished to Bank, o~ from ~ne condition of wch Oblfgor as heretotore most recently disclosed to Bank in any manner; or that any warra~ty, representation, certificate, or statement of any Ot,f~gor lrvhether contained in this note or not) pertaining to o~ in connection with this note or the loan evidenced by this note is not true; (j) the assig~ment by :;ny Maker oi any equity in a~y of the Collateral nnthout the written consent of Bank; (k? failure to do all things necessary to preserve and maintain the va~ue ~ncl collectibility of the Collateral, including, but not limited to, the payment oi taxes and premwms on policies oi insurance on the due datE without bene~it of ; h e graC6 P!?iOd. Unleu the Collateral is pe~~shable or threatens to decli~e speeditY in vatue or ~s of a type customarily sold on a recog~ized market, Bank will give Maker rea- :~,nat~le notice of the time and place of any public sate thereot or of the ume after which a private sale will be held. The requirer?~~t of reasonable ~otice shall ~:e met rf svch notice n maded, poztage prepaid, to any 6¢aker at the address given below or at any other address shown on the records of the Bank, at least ten deys before the time oi the sa~e. Upon disposition ot any Collateral after the occurrence ot a~y detault hereunder, Obl~gors shall be and remain IiaWe for any - ~~e'~ciency; and Bank shall account to Maker for any wrplus, but Bank shall have the right to apply all or any part of suc~+ wrplus lor to hold the seme as a ~eserve) against any and all othe~ liabilit~es of exh or any AAaker to Bank. • Bank shall_have, but shall not be limited to, the following rights, exh o( which maY be exercised at anY ume whether or not this note is due: (a) to pled9e ~ transter this note and the Collateral, whereupon Bank sAall be relieved o~ all duties a~d responsibilities hereunder and relieved (rom any and all liability with respect to any Collateral so pledged or transterred, and any pledgee or transferee shall tor all purposes stand in the p~ace of Bank hereunder and have all the ~ -~qhts to Bank hereunder; (b) to transfer the whole or any part of the Collateral into the name oi itselt or its nominee; (c) to notify the Obligors o~ any Co~lat- e.a1 to make payment to Bank of any amounts due or to become due thereon: (d) to demand, we tor, collect, or make any compromise or settlement it deems ~ ~1es~.able nrith re(erence to the Cotlateral; and (e) to take possession or control 01 any prceeeds of Collateral. ~ No delay o~ omission on the part of Bank in exercismg any right hereunder shall ope~ate as a waiver of such right or of any othe? r~ght under this note. No wa~ver or alteratio~ shall be birxling o~ Bank unless in a writing sgned by an authorized Bank officer, and the~ only to the extent specifically set lorth therein. P~esentment, demand, protest and notice of dishonor, are hereby waived by each and every Obligor. The taking of a renewal note without the signature o( any m<,icer or endorser I~able on this note shall ~ot be deemed a peyment or discharge oi this obligation and the liability c~eated he~eunder sAall continue until this ~~.-,ce ~s paid ~n tull. The Obl~gors, ~ointly and severally, promise and agree to pay all costs oi collection luding attorneys' fees equal to 1~1(i of the amount r~ nanced, w wch larger amounts as maY 6e reasonable and just ~f ~ollected by legal ProtQedings or 1 an attomey at law, including appe~late proceedings. The u~ders nQd ~ ~'dge rece~ t of aty~?~P~eted~ of this note on this date. ~ l ' .l - ~ ~ '~k ~ (SEAL) AddreiS i~m ~1 ~~r~ ' C1i#!~q*d 0. ~ptl~? • ' ISEAI) address ~ FBS ~52 R~~. ~,~9 e,: x312 P~~E250`3 ~