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Home My WebLink About0608 --DISCLOSURE NOTE FOR INSTALLMENT LOANS _ _ _ _ _ JL•NSEh BEACH BAhK lA? Amount Reeeiwd = 10, 000.00 SANK NAME IB1 UterNuDm~lity wit = none P.Q. BOX ~7, JENSI:.Z< BCAC~f, FLOT.IDA 33457 ICI. Doarmarttsry stamps : 1 S OFFICE AooRESS iOI Other Charges Iltemisel = none Rn IEI - = mono NOTE NO. DATED: AtaguSt 2 3 ,11178 IFI =~O)jl@ 1(il Amount Fineneed DUE: C~ P I Z ~P~` , 19~. lA, B, C. O. E. F! i . IHI Interest = a • PLACE: Jensen Beach , FLORIDA 111 Credit Imrestpttion = none 1.li OtMr _ = nnnn For vshN received, Life urtdenigrted Ihaeinafta ealtad "Mslca"1 jointly and severally lif lKl s none mwe than one) promise to pay to tIN of tM flank. at is off'tee listed above,lfte Toeaf of t+synterta (from INl at right) of 13, 543.60 Do11as payabN in 120 111 S none egwl mond?ly installnNna of 1154.53 ~ , tM first IM) FINANCE CHARQE $ 525.45 S~ PT Ill, t, J, K, L) t • rnstatlrrtent des on e= ,1 and subsequent insWlmerta des on INl ToW of Payments IG ~ MI = 18.543. ti0 tree day a ead? ntoneh Ntereatta, ogetha with a FINAL BAI.IOON PAYMENT O ANNUAL PERCENTAGE RATE 13.84 xt s none DuE n1f1< 19 of a TM Bank shall irttpoea a delirgtrency charge agaitrt fife Maker on any payment which has becorrta due and remairq in default for • period in exas: of 10 days in an amount ecwal to ~ of the amount of fife prirtdpal part of tM payment in tNfsult, In tM event that tM Nola is not paid in full at maturity, all pay- ments, whether principal, Mtereet or otMtwise, shell bear Interest at tM maximum (eW( rate alktwad under tM law. All paymana made hereunder shall be credited first m inbrest and than to prindpel, Itovsatrer, M tM event of default, tfte Bank may, in is sole dierxttion, apply any payment to interest, principal and/or lavefuldterges than aoutwd. It is tM intention of 1M parties hereto that tM pKOVisions herein shall not provide directly or indirectly for tM payment of a greats raN o1 interest a tM retention of any other dtage than is allovwd by law. If, for any reason, interest M exoas of suit legal rib or a dtarga pre nibited by law doll at any time a paid, any such excess shall either constitua and be treated as a payment on the principal or be nfurttNd directly to the Maker. The Makes may prepay tM anon unpaid balance of the loot at any time. If tM bare b prepaid in full, sootlerated or refinanpd, the Maker shall ntceive a refund of tM wtaaned poriton of tM intents and inprrartee premiturts computed by fife RuN of 78's method, except that the Bank shall bs entitled to resin a mininWm interest dwge of N. _ CREDIT LiFE ANO CREDIT LIFE f! DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Sudt irtsuranp oovaage is available as tM axtt daignsbd below for dte term of fife credit: let i none for Credit Ufa Inwrana Ibl t nOA6 for Gedit Uh ~ Disability Insurartoe: Check ? Credit Life Irtstsrartce is desired on tM life of BirthdaU Apps, e? Qredit Ufa ~ Disability Irtwranq is desired on Birthdate Box u Credit Uh and/or Disability Inarranp is not desired. ~ x~~ August i~3 1979 Date- Signattrr~ Signature AFTER ACODIRED MIOFERTY wILI tE iYS1ECTTO THEtECYRIT1f IHTEREtT AND OTHER OR FUTURE IMDERTEOME=t 1S=ECUREO OY AMY tUCH < ROrERTY, At FOLIOMMS: Maker hereby grans to Bank a ssauity intact in tM property, ff sty, dpcribed in the space below and in all other property of Maker now or hereafter in Bank's poaassiory and such seauity interact shall alp warn all other liabilities of Makes to Bank, wMther primary, secondary, direct or contingent, present err future. 71te aforesaid security interest exdudas tM Makes primary nsidertce unlace said prirrwy residence is described below. Lot 141-1 C~ITi'L`(?QP. RrSORTS OF A:~ITkICA AT '~I:TTLi'S ISL~`~\L, as describca in said faort~a~e; 1975 Coachfaan, Travel Trailer,3M Identification ~iwst•er 2221076413 r/n/o 4rciand A. Trio 3s If the Bank requires the Maker to obtain inwtartce coverage against loss or damage to the collateral securing the Makers indebtedness to the Bank, the Maker may obtain such coverage from arty agent, broker or inwror acceptable to the Bsnk. - It is jointly and severally covenanted and agreed with the Bank by each Maker, endorser, wroty, guarantor, and other party to this note (all of whom are hereinafter for brevity called Oblgor or Obligors) that: Bank shall exercise reesortable cars in the aestody and praserwtion of the Collateral and shall be deemed to have exercised reasonable care if it takes such action for that purpose as Makes shall reasonably request in writing, but no omission to amply with any request of Maker shall of itself be deemed a failure to exercise raasorteble pre. Without limiting the geniality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, calls, conver- s~on, exchanges, offers, tenders or similar mattrks rNating to any of the Collstersl, nor for informing the urtders'tgrted with respect to any thereof. Bank shall not be bound to ales arty sups rtepssary to preserve arty rights in fife Collateral against prior parties, and Maker shall take all necessary steps for such purposes. Bank or its nontirtee nand not collect interest on or principal of arty Cdbteral or give any notice with respect to it. Right is hereby expressly granted to the Bank at its option to transfer at any time to itself or to its nominee any Cdlateral and to receive the income thereon and hokt same as security hertfor, or apply it on the principal or interest due hereon or des on any liability secured hereby. Upon the happening of any of the fdlowing events, eadt of which shall constitute s default hereunder, or if the Bank deems itself insecure, the entire unpaid balance of this note and all other liabilities of each Makes to Bank shdl thereupon or thereafter, at the option of Bank, vritaout noitoe or demand, become imme- diately due and payable: lal failure of any Obliges to perform arty agreentertt hereunder or to pay in full, when due, any liability whatsoever to Bsnk or any in- stalment thereof or interest thereon; (b) the death of any Obligor; (c) Life filing of any petition trrtder the Bankruptcy Act, or any similar federal or state salute, by or sgairtst any Obligor; Id1 an application for the appointment of a repiver for, the making of a ganeal assignment for the benefit of creditors by, or the ~I insolvency of any Obligor; lei the entry of s judgment against arty Obligor; ifl the iswirtg of arty stiadtmena or garnishment, or the filing of any lien, against 'i any property of arty Obligor; igl the taking of posspsion of any substantial part of the property of any Oblgor at the instance of any governmental authority; ;h) the di:soltrtion, merges, consolidation, or reorganiration of any Obligor; lil the determination by Bank that s material adverse dtartge has occurred in the f~nanciil catdition of any Obligor from the conditions set forth in the most recent financial satement of wch Obligor heretofore furnished to Bank, or from the rendition of such Obligor ss heretofore most recently disclosed to Bank in any manna; or that any wernnty, rep?esentstion, certificate, or satement of any Qbligor (whether axtainad in the note O? not) peraining to Or in eonMetiOn with this note or the loan evidenced by this note K not true; Ijl the assigmtent by any Maker of arty equity in arty of the Collateral without the written a~r?stnt of Bank; Ikl failure to do all things necessary to preserve and maintain the value and colNctibility of the Cdlatersl, irtdudirtg, but not limited to, the payment of axes and premiums on pdicies of insurance on the due dace without benefit of i the grace period. Unless the Collateral its perishable or threatens to decline speedily in value or is of a type customarily sokf on a recognized market, Bank will give Maker rea- sonable notice of the time and place of any public sale thereof or of the time after onhich a prigte sale will be held. The requirement of reapnable notip shall be met if such notice is mailed, postage prepaid, to any Makes at the address given below a at arty other address shown on the records of the Bsnk, at least ten ~ days before the time of the sale. upon disposition of any Collaaral after the occurrence of any default hereunder, Obligors shall be and remain liable for arty deficiency; and Bank shall account to Makes for any wrplus, but Bsnk shall have the rght to apply all or any part of such wrplus (or to hold the same as a reserve) against arty and all other liabilities of each or any Maker to Bank. Bank shall have, but shall not be limited to, the fdlowing rghts, each of which may be exereaed st any time whether or cwt this note is due: lal to pledge or transfer this note and fife Collateral, vvltereupon Bsnk shall ba relieved of all duties and responsibilities hereunder and relieved from any and all liability with respect to arty Cdbtasl so pledged or transferred, and arty pledgee or trertsferee shall for all purposes stand in the Place Of Bank hereunder and have all the rights to Bsnk hereurda; Ibl to tnrtsfer the whole a any pat of the Collateral into the name of itself or is nominee; lcl to notify the Obligors on arty Cdlst- i eras to make payment to Bank of any amounts due or to beaxne due thereon; id) to demand, sue for, cdlect, or make arty compromise or settlement it deems ~ desirable with reference to the Collateral; and let to eke pasession a control of any proceeds of Cdleteral. { No delay or omission on the part of Bsnk in exercisirg any ri~tt hereunder shall operate a: a waiver of such right or of any other rght under this note. No waiver a alteration shell be binding on Bank unless in a writing signed by an suthaized Bsnk officer, and then only to the extent specifically sat forth therein. Presentment, demand, protest and notice of disltortor, ere hereby waived by rich and every Obligor. The taking of a renewal nos without the signature of any maker or endorser liable on this note sftatl not be deartted a payment or dischage of this obligation and tfte liability crested hereunder shall continue until this j note is paid in full. The Obligors, jointly and severally, promise and agree to pay all cosy of collection, including attorneys' fees equal to 1@I~ of the amount f l~nartced, w writ IargN amounts st may be reesoneWe and just if collected by legal proceedings or through art attorney at law, including appNlate proceedings. The undenigrted adtrtovMedge receipt of a completed copy of this note on this date. Address G.R.A. fiettles Island g r, ~ `y-~~ isEal.l ! Lot X141-1 t?,c. iA'~D A. ~ Address Je;1Sen 13eac11, FL 33457 IsEAU 4 eot~315 ~~6f ~l6 ~ FBS 752 Res. 1 /79