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HomeMy WebLinkAbout1326 DISCLOSURE NOTE FOR INSTALLMENT LOANS First National Bank of Fort Pierce IA? dn;ountRecerved : 10,000.00A BANK NAME lBl Premwm Ipr Credit 5 66 • 44 _ file/OisabilitY Ins. S P , O . Box 9 70 , fort Pierce , Fla . 334 50 Ic? Documentary stamp: s l5.90 OFFICE ADDRESS 101 OtMr Charge:Irlemrzel s none r~OTE NO. DATED: Sept. 2$ 79 LEI s nnne , , 19__._ IFI s none ICI Amount Financed 10, 582.34 ouE: 10, , tg 84 , IA, 8, C, D, E, FI s lHl Interest S~~' PACE: Fort Pierce , FLORIDA (l? L~^ Fee =none u? oche. s none For value reserved, the undersigned Ihereinalter called "Maker jantly and severally lit more than one) promise to psy to the order of the Bank, at its otfrse listed above, the Total IK) s nnne of Payments Ilrom (NI at ri ht) of Sly 105.00 60 (L) t none g Dollars payable in equal monthly installments of S 5 • 7$ , the first (MI FINANCE CHARGE 4 ~ 522.66 'p IH, 1, J, K, l) S ~nstaltment due on NOV. 10, , 19~, and subsequent installments due on fNl Tatat of Payments fG + MI S 15 •105 • 00 me 10 day of each month thereafter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE 15.00 s none DuE none .19 ~ The Bank shall impose a delinquency charge against the Maker on any payment which has become due and remains in default for a period in excess of lO clays ~n an amount equal to 9X. of the payment in default. In the event that the Note is not paid in full at maturity, all payments, whether principal, interest o? otherwise, shall bear interest at the maximum legal rate allowed under the taw. All payments made hereunder shall the credited first to interest and then to principal, however, in the event of default, the Bank may, in its sole discretion, apply any payment to interest, principal andlor lawful charges then accrued. It .s the intention of the parties hereto that the provisions herein shall not provide directly or indirectly for the payment of a greater rate of interest or the retention of any other charge than is allowed by law. Ii, for any reason, interest in excess of wch legal rate or a charge prohibited by law shall at any. time be paid, any such excess shall either constitute and be treated as a payment on the principal or br refunded directly to the Maker. The Maker may prepay the en• fire unpaid balance of the loan at any time, If the loan is prepaid in full, accelerated or refinanced, the Maker shall receive a refund of the unearned portwn of the interest and insurance premiums computed by the Rule of 78's method, except that the Bank shall be entitled to retain a minimum interest charge of Si5.O0. CREDIT LIFE ANO CREDIT LIFE & DISABILITY INSURANCE ARE VOLUNTARY ANO NOT REOt~If~ED fOR CtiEU1T. Such inwgnce coverage is available >jt t~se cost designated below for the term of the uedit: Isi S 566.44 for-Credit Life Inwrance (bl S ' ~ for Credit l.ite d~ Qisability ~nsurante: - . 1 - - r _ • - - _ - _ _ _ i Cneckx~~Geditt~it~lnsurence,is desired on the life o_i Josegh'R_ Clemenzi- _ - _ Birthdate Appl. Gad+t Life di Disability Insurance ii on Birthdate t3ox ,0 Gedit Life andlor Disability Insurant is t irirtl ' • ~ `r - - - ~ ~ ~ ~ i - ~ I Date: ,Sept. 281 1979 - Signature Signature AiTERACOUIREDPROPERTYWIlL6ESURJECTTOTHESECU ITYINTERESTANODTH RORFUTUREINDEBTEDNESSISSECURED9Y.ANYSUCHPROPER~Y,ASFOIIOWS: Maker hereby grants to Bank a security interest in the property, if any, described in the spate below and in all other property of Maker now o? hereafter in Bank"s possession. and suc4 security interest shall also secure all-other liabilities of Heller to Bank, whether primary; secondary, ditecf o? tont?ngent, present or !uture. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below. , Second Mortgage: Parcel #1, The North 4.10 feet of ~the'North 100 feet o~ the North~2 of the South i of the Northeast 4 of the Southeast 4, lying West of U,S,Hightvay #1,~ Sec. 6, Twonship 34 South, Range 40 East. Parcel #2: The South 95 feet of the following described land: Gbmmenc' a t a concrete monument marking the 4 comer on the East line of Section 6 , Township 34 South , Range 40 East, and run Westerly along the 4 line of said Section 6 a distance of 1338.7 feet to a c~r><sre#rar u~z~a~u#kmard6i~n~t~4~~?~~ss~idrnl~f~~htla~~l ~i~ aa~f~~l~ts~lb~al~t8#Lot. tSolu~r ~ may obtain such coverage from any agent, broker or insuror acceptable to the Bank, see Reverse Side It is jointly and severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party to this note (all of whom are Hereinafter for brevity called Obligor or Obligors) that: Bank shall exercise reasonable tare in the custody and preservation o! the Collateral and shall be deemed to have exercised reasonable care if it takes such action for that purpose as Maker shall reasonably request in writing, but no omission to comply with any request of Maker shall of itself be deemed a failure to exercise reasonable care. Without hmrung the generality of the iwegoing, the Bank shay have no responsibility for ascertaining any maturities, calls, conver- s~on, exchanges, otters, tendert or similar matters relating to any of the Collateral, nor for informing the undersigned with respect to any thereof. Bank shall not be bound to take any steps necessary to preserve any rights in the Collateral against prior parties, and Maker shall take all necessary steps for such purposes. Bank or its nominee need not collect interest on or principal of any Collateral or give any notice with respect to it. Right is hereby expressly granted to the Bartk ai its option to transfer at any time to itself or to its nominee any Collateral and to receive the income thereon and hold same as security heretor, or apply it on the - princi,7al dr interest due hereon or due on any liability secured hereby. Upon the happening of any of the following events, each of which shall constitute a default hereunder, or if the Bank deems itself insecure, the entire unpaid batanceof this note and all other liabilities of each Maker to Bank shall thereupon cr thereafter, at the option of Bank, without notice or demand, become imme- d~ately due and payable: lal failure of any Obligor to perform any agreement hereunder or to pay in full, when due, any liability whatsoever to Bank or any in- stalment thereof or interest thereon; (bl the death of any Obligor; (cl the filing of any petition under the Bankruptcy Act, or any similar federal or state statute, by or against any Obligor; Idl an application for the appointment of a receiver for, the making of a general assignment for the benefit of creditors by, or the ~nsolventY of any Obligor; lel the entry of a judgment against any Obligor; (f? the issuing of any attachments qr garnishment, or the tiling of any lien, against any property of any Obligor; Igl the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental authority; !hl the dissolution, merger, consolidation, or reorganization of any Obligor; lil the determination by Bank that a material adverse change has occurred in the financial condition of any Obligor from the conditions set forth in the most recent financial statement of such Obligor heretofore furnished to Bank, or from the condition of such Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty. representation, certificate, or statement of any Obligor (whether contained in this note or not) pertaining to or in connection with this note or the loan evidenced by this note is not true; Ijl the assignment by any Maker of any equity in any of the Collateral without the written consent of Bank; Ikl failure to do all things necessary to preserve and maintain the value aril collectibility of the Collateral, including, but not limited to, the payment of taxes and premiums on policies of insurance on the due date without benefit of the grate period. Unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market, Bank will give Maker rea- sonable rtotice of the time and place of any public sale thereof or of the time after which a private sale will be held- The requirement of reasonable notice shall be met it such notice is mailed, postage prepaid, to any Maker at the address given below or at any other address shown on the records of the Bank, at least ten days before the time of the sate. Upon disposition of any Collateral after the occurrence of any default hereunder, Obligors shall be and remain liable for any deficiency; artd Bank shall account to Maker for any wrplus, but Bank shall have the right to apply all or any part of such wrplus (or to hold the same as a reserve) against any and all other liabilities of each or any Maker to Bank. Bank shall have, but shall not be limited to, the following rights, each of which may be exercised at any time whether or not this note is due: lal to pledge or transfer this note and the Collateral, whereupon Bank shall be relieved of all duties and responsibilities hereunder and relieved from any and all liability with respect to any Collateral so pledged or transferred, and any pledgee or transferee shall for all purposes stand in the place of Bank hereunder and have all the rights to Bank hereunder; Ib1 to transfer the whole or any part of the Collateral into the name of itself or its nominee; Icl 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 for, collect, or make any compromise or settlement it deems desirable with reference to the Collateral; and lel to take possession or control of any proceeds of Collateral- No delay or omission on the part of Bank in exercising any right Hereunder shall operate as a waiver of such right or of any other right under this note. No waiver or alteration shall be binding on Bank unless in a writing signed by an authorized Bank officer, and then only to the extent specifically set forth therein. Presentment, 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 makrr or endorser liable on this note shall not be deemed a payment or discharge of this obligation and the liability created hereunder shall continue until this note is paid in full. The Obligors, jointly and severally, promise and agree to pay all costs of collection, including attorneys' tees equal to 1O% of the amount financed, or such larger amounts as may be reasonable and just if collected by legal pr edin9s or through an attorney at la including appellate proceedings. The and si9~ ~Cnovvl receipt of a comp) t copy of this t n this date. Address 804 S. 7th St. , Ft. PierceLFla, 33450 sEal! eph R , C me Address (SEAL) Mabel B , Clemenzi pf,!lx`?1Q ----inn.