HomeMy WebLinkAbout1061 .s
SIMPLE INTEREST
PROMISSORY NOTE
HOME IMPROVEMENT
Nn At1~t1sG 8 .1~ 79
FUN THE VALUE RECEIVED, the ur?dersrytxxl (aril d nwur than one, r,rea? ul them luurtly Jnd urvrrally?, prunuurs to pay to
the order of ~LRI pf $t. LL>1C16 ~fty r Fort P1r13'rCR f IorydJ, the pnncipal wn?
(Amount Financed) designated below, toyrrther with F-martce Chanprs burn the dJ1,r herr•e?I Jt the Aunual.f ~•rc.:nl,,({(• itJte desrgnaterf
txlow per annum on the full amount of said principal sum rrman?ing hom tome to Un?e unpaid, l?ayable m ntstalbnents as herentatter _
provided, together with~COSIS and exl?enses of collection ar,cl reasuuable attrnncys' Irrs, unauduul costs, exl?c•nses ar?r) reJtea,Jl?le
altwrterys' Ices un appeal, it culleclerd by lrr•{al Inexarrelnys ur tlnuuyh an .?Ituiney al L+w. All p;,yuurntt m.xk 1?ennn?rler w?11 Ix
credited'lirst to interest and lawful charges then accrued, aril the remautc{er, to pryrtcq?al.
1. Proceeds of Loan S 791, ~ 111
Inwrance (include only if premium financed hereum{er - s{xcify tyt?rs
of coverage and state premium for each)
3. Official Feet:
Recordirp S . ~8_. . - _
Intangible Tax ~ S _ 75, 35 _ _ _ _
Documentuy Stamp Tax 0 S 5(i. SS
Other Charges: (desaibe)
- - - - - - - S TI~S - - -
. Total Offrcra( Fees S 131.90. 13)
4. Credit Life aril/or Drsabrlty Inwrance Premium (lhrnunrd ta•luw) S 7,50_00 141
5. AMOUNT FINANCED I1 + 2 + 3 + 41 S 37,672.90 151 ~
6. FINANCE CHARGE pnterest only) g 1~+,0[+7.10 lG?
7. TOTAL OF PAYMENTS 15 + G) 5 51, 720.00 171
8. Your ANNUAL PERCENTAGE RATE is 13.25 rx, Isl
T trove TOTAL OF PAYMENTS shall Ise payaltlr u? ~ n. ,thly u?stalln?rnts ul S $(z2,00 each, un
the day of each wccessrve month commencuty on t • ~ , 19 79
ACCELERATION In the event any installment of Ixincipal artrf utterest is nut twin wtwn it trr~comes due, or titer hal><iening of any
event of default, or m the event of the death of any maker, wtclrnser or guararit,x hereof, the I?rutcr{?al sum (AMOUNT FINANCED)
iernwrnmy unpaid hereunder, together with all accrued and I?ast due interest, plus the uerlil invesUyation tee itemised above, less any
rebates required by .law, shall immediately and without notice become due and payable at the election of the holder at any time
thereafter.
The amounts referred to at?ove have txen computed ulxtn the assuu?pUun that-all installment payments will ixr marls un the
res{x:•ctrve scheduled due dates. The FINANCE CHARGE is imlwsexl on the. +utpard outstarxlutg balance of the Ati10UNT FINANCED.
It any installment is not paid in lull on such doer date the urxters+ynrd w?fl her obhgaR•d to pay such Jdditional amounts Js may become
pJyJble by reason of the eontinurng accrual of FINANCE CHARGES at the ANNUAL PERCENTAGE RATE des,gnate•d Jbove. Any
rrsulhny charges accruu?y on aecounl of tJilure to make hnu~ly payment un the due daU•s well cause urereavrs u, xnne of the amounts
drsrgnated above, aril wch aggregate increase shall Ix payable at the time of the last installment it such charges do not cause the
anwunt of the last installment to excercrrl twice the anurunt of Ihr desiynahxl monthly untallnu•nt; otherwise the nrwlhng ~charyes
shall Cause the nunttter Of payntenls to t?+r extcrxicrl, provide(!, h+~wrves, that nu such rxhrr,chr+l installment payment shall excr.ed
t?Yrce tf?e amount of the designated monthly rnstallnurnt Any rnstayment paynu•nt m:xle prior W any dug date. nr dates, or any
prrtwyntent, wdl cause decreases in carne of the amounts desutrrat?~el atx,ve fur the rrJUm That the unpaid urrtstarrclu?q balance ul the
t1hfOUNT FINANCED will be rettutt'tl arttl the ANNUAL Pf RCENTAGE RATE dcs~ynatry) al?uve is apphc~d to •.uch rrxluce.•t1 vut
ttar,dutg balance.
The urtders,grte:d has the nght to Ixe{say this inelebtexlness, u, whole or in Iwrt, wrlhout I?ernalty at any Unte u{xxt the payment ut
~ accrued FINANCE CHARGES to the date of prepayment, provided, however, that any {car slat prepayment of lxincipal shall tx: ap{)tied
f to the utstallnternt a installments of tincipal last maturing hereunder. UI?un Inrpayntent, the uudrrsiynrcl shall obtain a refund nl
the unused portion of the credit life ar?elior disability usuranorr {?rennum included m the AMOUNT FINANCED computed under the
"Burn of the Digits" ("Rule of 78") method.
r PROPERTY INSURANCE, if wr,Urn +n ronnectwn wrth the. loon, r11Jy lrr• UIIIJUN'11 I)y tlllr uudrr sulnrrtl through any prrwn ut hr,
cl,uu'e. Such utwrance rs not avadabte through the at?ove nanurd bank.
CREDIT LIFE ANU!OR DISABILITY INSURANC~._ IS VOl_t1N1ARY ANI) NOI REnI1lFifn FOR CREDIT. Such (ntur,?nrrr
,vrvr,Jgr• r. JVJIIJtlllr Jt the cost deuycratecf Iw•low for Ihr twn? of Ihr rrr•d,t Flurrd.? L,w rrvtunrr. that tNrlore Jrry crwht iile,nwrJnu•
'+r.,y t?,r sold, the creditor must advise the Ixtrrower that hr has the nt?t:(rn ut as;upruul Jrry utlrer prrlrcy or tarLrsrs the clet?tor owns or
nr.ry pruiane fur the purpos+• Ot tovrnny stud IoJn and I?nrruwer ,t u, ,?rlv,trd.
I XI Cn•drt Lrfr Inierrance (Insured nu. 1) Chester DOA 1-26-39At1 $20,000 for 5 Yr. s 750.00
1 Crrdrt Lr!r and Disabil,Iy Irisurar,cr Ilnwrrc) no if 5 n/a
1 Juu,t Credit Lrte InswanCr S n/a
J~,urt Crecbt Lite aril Drsab+hty InwrarN:r
(DrsJha,ty only on Insured nu. 1) g n/EI
1'Wr d+•tue the nKUrance cuvrr.x{er uuhcaUret at?uvr.
_ _ _ _ _ ~ 8-8-7~ , n/a ~/a
~Intured no. 1? 1 .rn•1 lin•.un•rl PJ~r 7! l ).,tit
Ct><~ster C. Ci>itmbers
Sf l;Uttll Y this lu.,n rs u•c urrd by .r R1urly.vle vt r•~en ~IJI+• (:uv~•r riot th+• tull+rvnrnt,L••.r ntn rl {uui..•rly Ilh••.+ rrli=•1
Lot Loan See Attached rbrt~~~;e
Ihr undersryruel hereby grants to the Ipll(1Pr aSL•Cllnty Irltel+'St m any rrturucd u, un+•,pne,i rsrnuun?; truntany ur.ur.uu,r hn.tnc+•d
hereunder .
The Mortgage will secure futwe advances not to exceed S p/r~
{'rrsentmenl, nuUCC of dishonor aril nuhre of nun payment are hrrrhy w.,ror•rl by r•,n h m.rF,•~, rn+lur.••r .ue,! other t+,,rty to the.
note, ,u?t1 e:N'h of tltrm rlo hrrrhy wave Ihr ngfN Io Ir+• turd .?Itrr ,b•1•urlt nt Ihr cnnuty ++f tL'rn n .nl,•n+ e
The unck•rsrynecl acknowledges rrcerpt ul J c(nnplele,t copy r+) thrt rnrU• un the Jtu+v•• rlJtr_ (~teStE'r C. Ch,-ur>hers
5604 Oleacxier Avis. Isl- AL l
Fart Pierce, Fla. 33450 ~111i~~ Isl nl_1
[ i
IAr1c!rrssl ~~iC~,~ 1!,~~ti~,,!nrrl !
~ oa~~ uuos ins :Loney 1,. CtL~rlthers ~