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HomeMy WebLinkAbout2283 ~ -',.i~= iii... ~ (.j ~;~i.~.- -t ! - - ? , ~ , --ttl ~tf,~ t;i . t;t =-1~1 ~ ~I~=.~t1i ~'ili =1~~ _ 1~1,-r ~ t1#-= - •„i•::•,,t_•.,.•. -ftl_:t;= :i~~df-;;t=~~~~'='i;, - = - .~t•_.ri'--'+t--~tjt-- _ ';+=jai: - DISCLOSURE NOTE~FOR INSTALLMENT LOANS• _ _ :.t...-'. ri.= ---,t,•.- . t ~i:-~'!t ~ ;~t~_'I!~` =l~i ~ ~:i~=-~l~i=lji =-~ljl~~ ~ ~ 3~',•-=-~t;-_ .i.. ,,?-t(,-=ti: - ' --First Natiorial~-Bank- of Foot ~Piarcf3 - •'r'..._ . ri; ~ t • U?1--A~totrnt`R:ceiwd-_ - _ ' ~ 3 . X00.00 - _ •=-ss! ~ _ = 4,1--,t swtuK tw?wtt_ t,,-- . js.. - -=tit- = j!1 = ~ ~_19) •ftr~ iwnforGedit _t 106.62 - r'--' - - - - ftaxility Ina_.^ _ 'P:O sox` 970, =Foit-Pierce; Fla: ' 33450 • - .'`t"'~1• " .'tcr= ooWrt+.ngry stsrow = s _ b. 7ti = - _ _ _ OI* tt Aoo _ - _ - _ ~ _ "tGl Other cMr,.. l'ttrt?isd • : none - - tE1~ - s~-none NOTE NOy _-tit . _ . oi?TEO: ~ Nov: 2, .-,~f~9 - lF1 _ - , . shone ouE -Nov.' 2,~ - - - _-t;#'~ =.:t'.~',;'-.~ --11S~82 - 1~ tACFp° E`F - s- 3..712.32 PI_.oCE: Fort Pi@C~C@ _ tti' - =FLO_ RIOJ1 - (t) L,osn f~- t _ _ !11 OcMr - - ''One ' - For sralue received. tM tretdersgrted htereinsfter eNted "Maker"/ jointly and fevera4y lif (Kl - - - ~ ' . s nOTle - mor. than creel promiM to pay co Nre order of dse Bsrtk, ac its office lazed shove, the ToW of Payments ltrons lN1 at rightl of $4 , 738.68 Owlers wyabN in 36 lU ~ snores lMl FINANCE CHARGE equal monthly irssalknents o! S , tM tint (H. 1, J. K, l) s X02 6. 3 6 ,nstallrrsent dut on Dom' • r , 19 . and subeepwnt irsstsllrrtents dw en lNl Toth o/ Pwnwrtes lG + M? s 4 , 738.68 fret 2 day of each ntansh ttsereettx+r, togatfser with a FINAi_ BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE _ 16.61 s none ouE none ,19 % The Bsnk shall entrose a dNingwrtey dttrge aosirrt tM Maker on any payment which hes become dtM and remains in tMfsult f« a period in exact of 10 days in an smarm evuef to ~i d the payment in default. In the event that tM Noes a not paid in Lull et maturity, all peymenct, wMther principal, interest « otne.wise, shall beer interest st tM mtxinttrrn lapel rase allowed under tM law. All payments n?atle hereunder shall a credited fiat co interest and Chen to - pr,rttipal, IWwever, in tfte esrMtt of dttault, tM BMtk svtey. in its dole daoretion, apply any payment to interest, print:ipsl and/« lawful tdtarges then arxrwd. t is the intention of tM perciea hereto that tM provisions herein sltNl not provide directly « indirectly f« tM psynrnt of a gnsnr rate of interest « tM retention of any other clterge than a allowr:d by Lew. If, for any snort, interest in excess of rands level refs «a charge prohibited by law shall at sny time be - pa,d, sny such exten tihNl either cortsritub and bt treated es s payment on iht pirripal « be refunded dincHy to tM Maker. TM Maker may prepay the art- fire unpaid bslarsce of flee kstrr at any tints. ff tM lOen a prepaid in full, stx:Nersted «nfinanotd, the Maker shall restive a refund of the wtarned portion of ihs inttreat and irtstrrarra prerrtitrrts computtrd by the Rule of 78's tttethod, except tMt tM Bank shall b entitMd to retain a minirrwm interest charge of 5100. CREDIT LIFE ANp CREDIT LIFE a DISABILITY INSURANCE ARE VOLUNTARY AND NOT REf]111RED FOR CREDIT, Such insursnp coverage is_ awilab?t n rite moat designated below f« the teen of the credit: la) s 106.62 for Gedit Life Inwranot Ib1 s for Credit Lifea Oisebility Irsarrartoe: - _ - . - _ . - - _ - - - - Cnectt~~Credit Lies Irsstrrana a desired on dte lire of C11f~ti3IT3 SamBS g;,t;,~,~ 1022,/39 - ACPI • ? Credit Lib 8 Disability Instlrertce a desired on - 8irthdste e ~ x ? dedit LiM and/or inability Imuranea is not - . Date' NOV. 2, 1979 Signstwe ignature AFTERACOUIREDMO?ERTY1MIll~ESUSJECTTOTMESECURITy T fsTANDOTMERORFUTUREINOE~TEONESSISSECUREDS1fANYSUCH~RO~ERTY,ASFOILOwi Maker hereby grants to Bank s security intMestz in tM property, if say, described in tM space below and in all other property of Maker now or Iteresf[er in Bank's possession, and such security inttrest shall also saeure all otMr liabilities of Maker to Bank, whether primary, secondary, direct or contingent, prtsent or future. TM at«lfeid security interest excludes tht Makers primary residence unless said primary residcrtce a described below. - Second Mortgage _ - - W. ~ of Lot 7 ~ Lot 8 Blk. 11 Paradise Parlr SAD St. Lucie County - - ; If the Bank squires the Maker to obtain irtwranee coverage against toss «darrtage to tM colbteral securing tM Mskds indebtedness to tM Bank, the Maker may obtain such coverage from any agent, oroRer or 6rau.v. a«.,.`,:: It is jointly and severally eownantrd and agreed with tM Bank by each Maker, endorser, wrery, guarantor, and other parry to this note (alt of wham are hereinafter f« brevity called Obligor o? Obtigorsl that: - - 8ank sMll exercise reasonable care in tM custody and preserveiron of tM Collateral and shall be deemed to have exercised ressottsbk care if it takes such action for Chet purpose m Maker shall ressonabty request in writing, but no omission to comply with any request of Maker shall of itself be deemed a failure to exercise ressorsabN sere, WiMout limiting the gent?sliry of the foregoing, the Bank shall Isave no responsibility for ascertaining any msturiises, calls, conver- sion, exchanges, offer, tenders or similar matdrs relating to sny of tM Collateral, nor for informing the undersigned with respect to any thereof. Bank shall not f,.. ixxtr~d to take any steps l,aa::ary to preserve sny rights in tM CdlaterN against prior parties, and Maker shad take all necessary steps for wch purposes. Bank or its nominee need not collect interest on «prirxtpsl of any Cdlstersl «give any notice with respect to it. Right is hereby expressly granted to tM Bank at its option to transfer at sny time to itself « to its nominee sny Cdlstenl and to receive tM income thereon and hold same as teturiry heref«, «apply it on the pry c ipsl « interest dw hereors or due on sny tisbiiity secured hereby. Upon tM happening of any of tM fdlowirg events, each of which shall constitute a default hereunder, « ii the Bank deems itself insecure, tM entire unpaid balance of this note and all other liabilities of cads Maker to Bank shad thereupon a tftareafter, st the option of Bank, without notice or dert?and, beeome imme- diately due and payable: la) tsiltsro of any Obligor to perf«m sny sgreemsrtt hereunder « to pay in full, vdten due, sny liability whatsoever to Bank or arty in- stal rtstnt tftenof « interest thereon; lb) LM death of arty Obligor; Ic) tM filing of sny petitrOrt under the Bankruptcy Act, or sny similar federal or state statute, by or against any Obligor; ld1 an appligtion for tM appoin[ment of s receiver for, tM making of a general assignment for the benefit of creditor by, « the insolvency of sny Obligor, lei tM entry of a judgment against arty Obligor; lfl tM issuing Of any attachments «garriishment, or the tiling of any lien, against any property Of arty Obligor; Ig1 the taking of possession of sny substantial part of Nee property of any OWigo? st tM instants of any govemmsntal authority; (h) the dissolution, merger, corssoldstion, « reorganization of sny Obligor; lit tM determination by 8snk that a material adverts change has ocurrred in the financial cgsditiort of any Obtrgor from the conditions stt forth in tM most recent financial statement of wds Obligor heretofore furnished to Bank, or /nom the condition of ranch Obligor as heretofore most recently disclosd to Bank in any manner; « that any warranty, representation, certificate, or statement of any Obligor (whether contained in this note « not) pertaining to « in connection with this note « the loan evidenced by this note is not true; ljl the assignment by any Maker of sny equity in any of tM Cdlstttrsl without the written cortssnt of Bank; Ikl failure to do sU things necessary to preserve and maintain the valut and collect+biliry Of the Cdlatnal, including, but roc limited to, the payment o/ texts and premiums on policies of insursnee on the due date without benefit of the greet period. Unless iht Cdbtarsl is ptnshsble « Mreatens to decline sptedily in srslw « is of s rypt customarily sold on a recognized market, Bank will give Maker rea- sonable notice of tM time and plact of any public sale thereof or of tM time after wltitJJt a privan sale will rte held. The requirement of reasonable notice shall be met if sudt f10[tM is mailed, postsgt prepaid, to any Maker at tM address given below or at any other address shovrn on tM records of the Bank, at least ten days before tM time of the sale. Upon disposition of any Cdbttrsl after tM occurrence of any default hereunder, Obligors shall be and remain liable for any def,cieney; and Bsnk shall accoune to Maker for any wrplus, but Bank shall have tM. right to apply all or any part of such wrplus (or to hold the same as a reserve) against any and a0 other liabilities of each or amr 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: la1 to pledge or transfer this note and [he Collateral, whereupon Bank shall bt relieved of all dutits and responsibilities hereunder and relieved from any and all liability with respect to any Cdlataal so pledged or transterrsd, and any pledges « transferee shall f« all purposes stand in the place of Burk hereunder and have all the rights to Bank hereunder lbl to trartster the whole or any Part of the Collateral into the name of itself or its nominee; lcl to notify the Obligors on any Collat• era I to make payment to Bank of any amounts due Or to become due thereon; (d) to demand, we for, cdlect, « make any compromist or settltment it deems desirable with reference to the Collateral; and let to take possession or control of any proceeds of Collateral. No delay « omission on the part of Bank in exercising any right hereunder shall operate as a waiver of such right a of any other right under this note. No waver 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. Presentrrttnt, demand, protest and notice of dishonor, are hereby waivtd 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 dettrned a payment or discharge of this obligation and the liability veated hereunder shall continue until this rote is paid in full. The Obligor, jointly and severally, promise and agree to pay all costs of collection, including attorneys' fees equal to 10X of the amount l,nanced, or such larger amounts as may be reasonable and just it collected by legal proceed" a through an attorney at law, including appeltatt proetedings. The and si acknowledgt receipt of a completed copy of this note on this date. Addreu 2207 Valencia Ave. , Ft. Pierce, Fia. lsEau 33450 ~ rd a e _ Address iSEAII Mary rnes g~tlX~~(1 Pa~f2~71 t7