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HomeMy WebLinkAbout0057 i DISCLOSURE NOTE FOR INSTALLMENT LOANS ~ ww ~ti IAI Amount Received S ~i~~00 BANK NAME iel Premium for Credit Life/Disability Ins. $ •'0"' s~~e j~ JwM ~~p n• '~S~ ICI Documentary Stamps S ~e~ OFFICE AGGRESS (OI Other Charges litemirel S IE? FM s 2.00 NOTE NO. GATED: ~ . 19 ~ IF) S iGI Amount financed DUE: ~ ; 19 ~ fA, 8, C, O, E, FI S 3~06~~i.' lHl Interest S 7~e~ _ PLACE: . FLORIDA III Loan Fee S "Q~ (JI Other S For value received, the undersigned (hereinafter called "Maker") jointly and severally lif (K) S ~0"' more than one) promise to pay w the order of the Bank, at its office fisted above, the Total ~M of Payments !from INl at right) of ~~s~3o~ Oouars payable m ~ ILL S equal monthly installments of 5 ,the lust IMI FINANCE CHARGE .,~A~ IH, 1, J, K, LI S M installment due on u , 19~, and subsequent installments due on INI Total of Payments lG + M) S ~ ~ ~w the~_day of each month thereafter, together with a FINAL BALLOON PAYMENT OF ANNUAL PERCENTAGE RATE ~~0 96 s -Or- ouE •'0" . is The Bank shall impose adelinquency charge against the Maker on any payment which has become riue arxf remains in default for a period in excess of 10 days in an amount equal to 59fi of the payment in default. In the event that the Note is not paid in full at maturity, all payments, whether principal, interest or otherwise, shall bear interest at the maximum legal rate allowed under the law. All payments made hereunder shall be 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 and/or lawful charges then accrued. It is 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. If, for ariy reason, interest in excess of such 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 prinapal or be refunded directly to the Maker. The Maker may prepay the en- tire unpaid balance of the loan at any time. If the loan is prepaid in lull, accelerated or refinanced, the Maker shall receive a refund of the unearned portion 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 S15.OO. CREDIT LIFE AND CREDIT LIFE & DISABILITY INSURANCE ARE VOLUNTARY ANO NOT REQUIRED FOR CREDIT. Such insur~tce coverage is available at the cost designated below for the term of the credit: lal S for Credit Life Inswance ib) S ~'V+e for Credit Life dr f);sability Insurance: Check ~ Credit Life Insurance is desired on the life of Birthdate Appl. ? Gedit life & Disability Insurance is desired en Birthdate Box ~ Credit Life and/or Disability Insurance isfn~ot desired_ Date: ~e Signature= { r~^-~ ~ ~ ~~~'`C Signature AFTER ACOUIREDPROPERTYWIII BESUfiIECTTOTHESECURITYINTERESTAND DTHEROR FUTUREINDEBTEDNESS ISSECURED BY ANYSUCHPROPERTY, AS FOLLOWS: Maker hereby grants to Bank a security interest in the property, if any, descrit>,ed in the space below and in all other property of Maker now or hereafter in Bank's possession, and such security interest shall also secure all other liabilities of Maker to Bank, whether primary, secondary, direct or contingent, present o~ future. The aforesaid security interest excludes the Makers primary residence unless Said primary residence is described below. Lot lil-1 8~tti+oe Z O~tioe~! >Rrvrts ~i ~rlita at a~tl1M LlaOd S~ 1 8i11i OOIL.tJ?~1yf. i~ ZIOrAO >f713a1~ 1l7S Corte>~ ?t SKia2 is. 2i210~6~13 If the Bank requires the Maker to obtain insurance coverage against loss or damage to the collateral securing the Makers indebtedness to the Bank, the Maker may obtain such coverage from any agent, broker or insuror acceptable to the Bank. ~ 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 hzreinaiter for brevity called Obligor or Obligors) than = Bank shall exercise reasonable care in the custody and preservation of 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 S exercise reasonable care. Without limiting the generality of the foregoing, the Bank shall have no responsibrtity for ascertaining any maturities, calls, conver- i Sion, exchanges, offers, tenders or similar mattArs relating to any of the Collateral, nor for informing the undersigned with respect to any thereof_ Bank shall not ~ be hound 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 gt 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 Bank at its t option to transfer at any time to itself or to its nominee any Collateral and to receive [he income thereon and hold same as security herefor, or apply it on the principal or 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 balance of this note and all other liabilities of each Maker to Bank shall thereupon or thereat ter, at the option of Bank, without notice or demand, become imme- diately due and payable: (al 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; Ibl the death of any Obligor; (c! the filing of any petition under the Bankruptcy Act, w any similar federal or state statute, by or against any Obligor, Idl an application for the appointment of a receiver tor, the making of a general assignment for the benefit of creditors by, or the insolvency of any Obligor; lei the entry of a judgment against any Obligor; Ill the issuing of any attachments or garnishment, or the tiliny of any lien, against any property of any Obligor; (g? the taking of possession of any substantial pa+t of the property of any Obiiyor at the instance of any governmental authority; Ih? the dissolution, merger, consolidation, or reorganization of any Obligor; 'il 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: III the assignment by any Maker of any equity in-any of the Collateral without the written consent of Bank; Ik1 failure to do alt things necessary to preserve and maintain the value and collettibility of the Collateral, including, but not limited to, the payment of taxes and premiums on polices of insurance on the due date without benefit of the grace 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 notice of the time and place of any public sale thereof qr of the time after which a private sale will be held. The requirement of reasonable notice shall be met ii 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 sale. Upon disposition of any Collateral after the occurrent? at any default hereunder, Obligors shall be and remain liable for any .1 deficiency' and Bank shall account to Maker for any surplus, but Bank shall have the right to apply all or any part of such wrplus for to hold the same as a reserve) against any and all other liabilities of each or any Maker to Bank. Bank shall have, but shat) not be limited to, the following rights, each of which rrray be exercised at any time whether or not this note is due: (al 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 (or all purposes stand in the place of Bank hereunder and have all the rights to Bank hereunder: ibl 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- a, era! to make payment to Bank of any amounts due or to become due thereon; (dl to demand, sue tor, collect, or make any compromise or settlement it deems desirable with reference to the Collateral; and lei to take possession or control of any proceeds of Collateral. ~a 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 Hots. No ~ waiver or alteration shall be binding on Bank unless m a writing signed by an authonred Bank officer, and then only to the extent specifically set forth therein. 5 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 maker 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 Lull. The Obligors, jointly and severally, promise and agree to pay all costs of collection, including attorneys' fees equal to ~QXi of the amount financed, or such larger amounts as may be reasonable and just if collected by legal proceedings or through an attorney at law, including appellate proceedings. The undersigned acknowledge receipt of a completed copy of this note on this date. / ' 0•t.~• 1Mttl+fr Lli>~ Z 1 ~/u-y ISEALI Address • Address JA>z~~ ~n• 3~s7 ISEALI ~~u~~3~.g ~aGE 7