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HomeMy WebLinkAbout1694 DISCLOSURE NOTE FOR INSTALLMENT LOANS r ,fAl Amount Received S ~ ~ e D00 • 00 ~ First National Bank of Fort Pierce SANK NAME 181 Premium for Credit none P. 0. Box 970, fort Pierce, Florida 33450 Life~Disabilitylns. S ICI Docuir~ntary Sta:ryzs S • OFFICE ADDRESS IDI Othe. Charges )itemize) s none none r:OTE NO. DATEO~ pOVelRber ~ , 1879 IFI s none IGI Amount Financed l 2 e~ l 8. 1 5, t,~E .November ~ 5 .19~. IA, B, C. O, E, FI S IHI Interest S s • Fort Pierce ,FLORIDA 111 Loan Fee S • Pt_ACE: none UI Othe? S For value rece+ved, the undersigned (hereinafter called "Maker") jointly and severally (if IKI S none more [hen oriel promise to pay to ttie oreder of the Bank, at its office fisted above, the Total none Pavrnents (from INI at right) of +2 s 2 87 • 20 Dollars payable in 1 20 ILL S 194 _ 06 rh. fir:t IMI FINANCE CHARGE 11,269.05 eciuai rrWntiriy ririiettn-ic~riS 3: 3 - - IH, 1, J, IC, LI ~ installment due on Dec. , 19_, and subsequent installments due on INI Total of Payments Ili + M) S ~ • me ~ 5 day of each month thereafter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE 5 • 76 5 none DBE none ,,g 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 10 gays +n an amount equal to ~ of the payment in default. In the event that the Note is not paid in Lull at matu?ity, all payments, whether principal, interest or „therwise, 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 pr+ncipal, however, in the event of default, the Bank may, m its sole discretion, apply any payment to interest, principal and/or lawful charges then accrued. ' Ic +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 •etention of any-other charge than is allowed by law. It, for any reason, interest in excess of such legal rate or a charge prohibited by law shall at any time be i~a~d, any wch excess shall either constitute and be treated as a payment on the principal or be refunded directly to the Maker. The Maker may prepay the en- [~re unpaid balance of the loan at any time. 11 the loan iS prepaid in full, accelerated or refinanced, the Maker shall receive a refund of the unearned portion of ilia +merest and insurance premiums computed by the Rule of 78's method, except the! the Bank shall be entitled to retain a minimum interest charge ot=1S.IIU. CREDIT LIFE AND CREDIT LIFE & DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such inwrance coverage is available at the cost designated below for the term of the credit: lal S for Credit Life Insurance Ib1 S !or Credit Life & Disability Inswante: Check ? Gedit Life Insurance is desired on the life of Birthdate Appt, ? Credit Life & Disability Insurance is desired on Birthdate Box OCredit Life and/a Disability Insurance is not desired- (;are: Signature Signature Af TER ACOUIREO PROPERTY WILL BE SUBJECT TO THE SECURITY INTEREST AND OTHER OR FUTURE INDEBTEDNESS ISSECURED BY ANY SUCH PROPERTY, AS FOLLOWS- Slaker hereby grants to Bank a security interest in the property, R any, described m the space below and in all other property of Maker now or hereafter in 3ank's possession, and such security interest shall also secure all other liabfities of Maker to Bank, whether p•imary, secondary, d+rect or contingent, present ! uture. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below. The South 220 feet of Lots 1, 2 and 3, less road rights of Nay, and North 136 feet of Lots 4 and 5, Sunset Park, according to the Plat thereof recorded in Plat Book 6, Page 18, public records of St. Lucie county, Florida. 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, aril other party to this note (all of whom are r+ere+nafter (or brevity called Obligor or Obligors! that: ~ 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 Make. shall of itself be deemed a failure to exercise reasonable care- Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, calls, conver- E soon, exchanges, offers, tenders or similar mattdrs relating to any of the Collateral, nor for informing the undersigned with respect to any thereof. Bank shall not oe bound to take any steps necessary to preserve any rights in the Collateral against prior parties, and Maker shat) take all necessary steps for such purposes- Bank f or +ts 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 opt+on to transfer at any time to itself or to its nominee any Collateral and to receive the income thereon and hold same as security herefor, o? 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 t,a!ance of this note and all other liabilities of each Maker to Bank shat) thereupon or thereafter, at the option of Bank, without notice or demand, become imme- ri:ately due and payable: Ia1 failure of any Obligor to perform any agreement hereunder or to pay in Lull, when due, any liability whatsoever to Bank or any in- sratment thereof or interest thereon; Ib1 the death of any Obligor; Ic1 the filing of any petition under the Bankruptcy Act, or any similar federal or state statute, by or against any Obligor; Idl an appltication for the appointment of a receiver for, the making of a general assignment for the benefit of creditors by, or the ~nsolverfty of any Obligor; lel the entry of a judgment against any Obligor; (f) the issuing of any attachments o. 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; !h! the dissolution, merger, consolidation, or reorganization of any Obligor; lil the determination by Bank that a material adverse change has occurred in the !~Wancial condition of any Obligor from the conditions set forth in the most recent financial statement of such Obligor heretofore furnished to Bank, or from +he condition of such Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, or statement of any Gbligor (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 end 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 # r'r,e 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 or of the Ume after which a private sale will be held. The regwrement of reasonable nonce shall t,e 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 sale. Upon disposition of any Collateral after the occurrence of any default hereunder, Obligors shall be and remain liable for any 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 (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 ume whether or not this note is due: (al to pledge Or transfer this note and the Collateral, whereupon Bank shall be relieved of all dunes and responsibilities hereunder and relieved from any and all liability with -aspect 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 alt 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 Cdlat- Brat to make payment to Bank of any amounts due or to become due thereon; Id1 to demand, sue tor, collect, or make any compromise or settlement it deems E desirable with reference to the Collateral; and lel to take possession or con[rol of any proceeds of Collateral- g 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 g v:a+ver 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 maker or endorser liable on this note shall not be deemed a payment or discharge of this obhgauon and the liability created hereunder shall continue until this :,re is paid in full- The Obligors, jointly and severally, promise and agree to pay all costs of collecUOn, includirxT attorneys' fees equal to 1~i of the amount !,Wanted, or such larger arnounts 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. Route 4, Box 435, Fort Pierce, /s/ Roger B. Miller IsEAL? Address Florida 33450 /s/ Sheila M. Miller ISEALI Addresf i 1 ao?x 319 PaGE 1687