HomeMy WebLinkAbout1768 DISCLOSURE NOTE FOR INSTALLMENT LOANS IIAR
_ JrEa:~i~l Bi~iCb ~liil~ (A) Amount Received S_~~Q~_
BANK NAME , 181 Premium for Credit
Life/Disability Ins. fj i3.if~ "
l,0. Slu 7, Jftlsls~ln Z~e4, lorida 33437 Iel Documentary Stamps S 3.30
OFFICE ADDRESS IDI Other Charges luemuel S
1 EI sn s 61. t~
NOTE NO. GATED ~ . 19~. IF) S_.
~QI
IGI Amount Financed
uuE ~Y~ 6 , 19~_ . IA, B, C, D, E, FI S 1e127.74
IH? Interest S 312.1
Pt ACE' Js=~ ~s~ ,FLORIDA (11 Loan Fee S ~LL+
l.11 Other S
For value recewed, the undersigned (hereinafter caned "Maker") jointly and severally (i1 IK1 S
mere than one) promise to pay to the order of th! Bank, at its olfite listed above, the Total
i,i Payments ifrom iNi at right) of 2.439.$4 Dollars payable in Ill S ..11..
~.;:,ai monthly insrallmentsof S lOl.ii ,the first (M) FINANCE CHARGE
t?+. I, K, u s 312.10
~nsranment due on IZYCYI~iff~ 6 , 191, and wbsequent mstallrrsents due on INI Total of Payments IG + MI S 2.439164
;nestS~ldaY of each month thereafter, together with a FINAL BALLOON PAYMENT OF ANNUAL PERCENTAGE RATE 13sSO 96
5 "O" DUE . t 9
The Bank shalt impose a delinquency charge against the Maker on any payment which has become due and remains in default for a period in excess of 1~
ii~ys in an amount squat to ~ of the payment in default. In the event that the Note is not paid in full at maturity, all payments, whether principal, interest or '
~~tr,Er;,wse, shall bear interest ac the maximum legal rate allowed under the law. All payments made hereunder shall be credited first to interest and then to
p~,nupal, however, in the event of default, the Bank may, in its sole discretion, apply any payment to rnterest, prinnpal and/or lawful charges then accrued.
;t re the intention of the parties hereto that the provisions herein shall not provide directly w 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
p.;~d, any wch excess shall either constitutr and be treated as a payment on the principal or be refunded directly to the Maker. The Maker may prepay the en-
t~•e 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 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 515.00.
CREDIT LIFE AND CREDIT LIFE b DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such insurance coverage is
available at the coat designated below for the term of the credit: lal S ~.u for Credit Life Insurance Ib1 S
fcr Credit Life dr Disability Insurance:
Check Credit life Insurance is desired on the life of i..~....~w. Birthdate " "ZS
a.ppl. Credit Life dr Disability Insurance is desired on ~ vrt+sl Birthdate Q ~?"3
Box ? Credit Life and/or Disability Insurance is not d iced.
t - ^w
Z Dare: QCtfi~l' 1979 Signature = r Signatwe Z "
AETERACDUIREDPRDPERTYtfYIIIBESUBJECTTOTHfr ~ URITYINTERESTANDOTHERORF RE INDEBTEDNESSISSECUREDBYANYSUCHPROPERTY Ll01MS
`Raker hereby grants to Bank a security inter in the property, if any, described (n'the space below and in all other property of Maker now o ereafter in
3,•tk's possession, and such security rnterest shat) also secure all other tiabibties of Maker to Bank, whether primary, secondary, direct or contingent, Mesem
•„ture. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below.
Lot 3 b 4, Bloet 1143. Sfateti:oa 9 !lost st. Lrei~
It DEED Yll SdID ~ZCt4GE •
1! the Bank requires the Maker to obtain insurance coverage against loss or damage to the collareral securing the Makers indebtedness to the Bank, the Maker
r^.ay 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 call of whom are
he~e~nafter for 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 Maker shalt 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-
seen, 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
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
o• us nominee need not collect interest on or pnr[ipal of any Collateral or give any notice with respect to it. Right is hereby expressly granted to the Bank at its
i 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 herefor, or apply it on the
p~~nupal or interest due hereon or due on any Gabibty secured hereby.
Upon the happening of any of the following events, each of which shall constitute a default hereunder, or H the Bank deems itself insecure, the enure unpaid
!„lance of this note and all other liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, without notice or demand, become imme-
-;~ately due and payable: ter) failure of any Obligor to perform any agreement hereunder or to pay in full, when due, any liability whatsoever to Bank or any in-
st~!ment thereof or interest thereon; Ibl the death of any Obligor; (cl the filing of any petition under the Bankruptcy Act, a any similar federal or state statute,
r cr against any Obligor, Id1 an application for the appointment of a receiver tor, the making of a general assignment for the benefit of creditors by, or the
n;clvency of any Obligor; (el the entry of a judgment against any Obbgor: Ifl the issuing of any attachments or garnishment, or the filing of any lien, against
shy 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;
!ni the dissolution, merger, consolidation, or reorganization of any Obligor; lil the determination by Bank that a material adverse change has occurred in the
tnancial condition of any Obbgor from the conditions set forth in the most recent financial statement"of such Obligor heretofore furnished to Bank, or from
•ne condition of such Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, or statement of any
C:~ligor (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
day Maker of any equity m any of the Collateral without the written consent of Bank; Ik1 tailwe to do all things necessary to preserve and maintain the value
and collectibdity 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
rnP grace penod-
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-
"sable notice of the time and place of any public sate thereof or of the time at ter which a private sale will be held. The requirement of reasonable notice shall
i,e met if such notice is mailed, postage prepaid, to any Maker at the aridress 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
reficieriey; and Bank shall account to Maker for any surplus, but Bank shall have the right to apply all or any part of such surplus (or to hold the same as a
•~serve) against any aril 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: Ia1 to pledge
• transfer this note and the Collateral, whereupon Bank shall be relieved of all dupes and responsibibties hereunder and relieved from any and all liability with
espect to any Collateral so pledgr~ or transferred, acid any pledgee or transferee shall for all purposes stand in the place of Bank hereunder and have all the
~ghts to Bank hereunder, Ib? to transfer the whole or any part of the Collateral into the name of itself or its nominee; Ic1 to notify the Obligors on any Collat-
~ e-al ro 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
aes~rable with reference to the Collateral; and le) to take possession or control of any proceeds of Collateral.
No delay or omission on the pa+t of Bank m exercising any right hereunder shall operate as a waiver of such right or of any other right under this note. No
::a~~~Cr 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
raker 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
•"cte is paid in full. The Obligors, jointiy and severally, promise and agree to pay aI! costs of collection, including aitorneyi fees equal to SOX of the amount
' ~~nanced, or such jar r amounts as ma be reasonable and ust if collected b 1 al roceedin s or throe an attorney at law, includin a Ilate proceedi s
ge Y I Y e9 P 9 9h 9 PPe n9
p!`~. ~~.~..w f r--,~ The undersigned~cknowledge receipt of a completed copy of this note on this date.
Address 1VV1 tZi~DO= Vim=. stn= .SL• ZrTIK.~. ~ ~ ~ 'f ~ ISEALI
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- ~~x319 P~~E1761