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HomeMy WebLinkAbout1887 - I!=.`~t~1~=•lil~s•:;1,_ ~t-~2~1^~'.t_~i~;.':..fis- !1(.~~!)'»~j!(» ~(=1:_...~!11~- :ts » 11 s~~~~ - _ts .jt t ~ DISCLOSURE NOTE FOR_ .INSTALLMENT LOANS - - _ _ - =First Natilnnal Bank of Fort Plerce - •_-ti?1 AtR««we --5;000.00- ~ _ ! _ _ . ~A_NK NA_M _ - _ 1~1. F~?Nttitwtl for Credit - t _ - I~ ' I~ - - - _ +~t` - .i. ,i't.l't;t•.T~ ~i'•~•1.lh~ty tnL. ~I~•s.•.i) ~•~i79. 9(,'! P.O. Box 970, Fort Pierce .Fla. 33450 _ - - _ =1C1.~Oo~wntentarystamp:.~ = - - 1 • _ Of+FtCE ApOAE _ ; . _ : - _ .IO1 OeMr Cherge.litenw:el ' = en - t = _.Nov._12~.- .'i.-79 - 'iF.? ~ll'~"s-none wOTE No. " - - _ _ - oi?TEa' - , „9_.- - .IFI - tl_ s~,none - _ . s• ,l' 'te ' •ie - - _ ff;1 Amount Financed ~ ' _ ' DuE NOV. 12, - _ ' •;19_84 - u, e, c, D. E, F) - • 'S-.287.87 PLACE: Fort Pierce - ' .t~~' ,FLORIDA ~ 111 Loan Fes _ t;•s:-.'ftOri@• 'iV .:I•_~. u? other ~ - - = done - For valve reeawd. tM undersgned (hereinafter greed "Maker") iointly and severally (if . _ more than one) promise to pay to th~~der4q jM~nk, ac is otfip listed above, tM6T~ts1 (K) ~ - s'_' IIOIlA ~ - ol Payments (frost IN? st riglre) of • b4 • Doreen payabN in U (U ~ - - ~ - S npnA tqual monthly instsllrneots of S 124.41 ~ ~ first IMI FINANCE CHARGE 2,1.16 73 mstatlment dw on D@C • 1 • , 19 ,and wbsegwnt installments dw on INI Tots! of (bym.nts lG + M) S 7.4 64.60 tree day of estit maretn chereatter, together with a FINAL BALLOON PAYMENT OF: ANNUM PERCENTAGE RATE 14 . SO X s none QUE none , f9 - . The Bank shall impose a dNinqutrtey charge apainat the Makes on any payment which has become dw and remains in rNtault for a period in expss of 11 days in sn amount equal Lao 5% of tM payment in default. In tM event that tM Note is not paid in full at maturity, all payments, wMther principal, inbrest or otnerervise, shalt bear interest at the maximum legal rats allowed under tM law. All payments made hereurtda sthall be credited first to interest and then to principal, however, in the event of default, tM Bsnk my, in its sole distxeGori, apply any payment to interest, principal and/or lawful charges then atxxued. It is the intention of the parties Mreto that tM provisions herein shall not provide directly or indirectly for tM payment of a greater rate Of interest Or the. ; retention of any other charge than is allowed by law. If, for any reason, interest in excess of such legal rats a s charge prohibited by Iavsr shah st any tint be paid, any such excess shall wither constitute and be treated as a payment On Me principal or be refunded directly to fete Maker. The Maker stay prepay fife en• tire unpaid balance of ttte loan at any time. If tM loan it prepaid in full, saNerstsd or nfinsnad, tM Maker shall receive a refund of the unearned portion of the interest and irlsurartce premiums contptlted by tM Rule of 78's method, except that tM Bank shall be entitNd to retain a minimum interest eltsrge of=15~0~. CREDIT LIFE ANO CREDIT LIFE 9i DISABILITY INSURANCE ARE VOLUNTARY ANO NOT REQUIRED FOR CREOIT.Sueh inwrancecoverageis available at tM eat designated below for the term of tM credit: Is1 t 279 - 92 for Credit life Iratuanp Ib) s for Credit Lihf! Disability lnwrsnp: - _ - - - - - Cneck ~]{Cretfit Lite Insu.ance is desired on the life of Donald R. H01m@3 Birtltdate 7/15/43 - Appl. ? Credit Life dt Disability Insursnee is desired on Batftdate _ Sox ? Credit Lih and/a Disability Inwranq is no ' ed. - Date: Nov• 12 • 1979 Signstwe Signature a F T E R ACQUIRED MOfsERTY VMII flE SUfUECT TO THE SECURITY INTEREST AND OTHER OR FUTURE 1MDEf1TEDNESS IS SECURED ~y ANY SUCH MOfeEflTr AS FOLlfltMi htaker hereby grants to Bsnk a security interact in the property, if any, described in the space below and in all other property of Maker now or hereafter in Enk's possession, and such security interest shall alsOSSecure all other liabilities of Maker to Bank, whether primary, sscortdary, direct or contingent, present er future. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below. Second Mgrtgage Lot 10, Block 1, Lilem Subdivision, as per Plat thereof as recorded in Plat Book 9 Page 73, of the Public Records of St.Lucie County, Fla. It the Bank requires the Maker to obtain insurance coverage against loss or damage to the collateral securing the Maker indebtedness to ttte Bsnk, the Maker may obtain such coverage from any agent, broker or inwror acceptable to the Bank. It is jointly and severally covenanted and agreed with tits Bank by each Maker, endorser, wrety, guarantor, and other party to this note (all of whom are hereinafter 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 ii it takes sutit action for that purpose as Maker shall reasonably regwst in writing, but no omission to comply with any regwst of Maker shall of itself be deemed s failure to exercise reasonable cere. Without limiting the generality of th! foregoing, the Bank shall haw no responsibility for ascertaining any maturities, ells, oonver- ! sion, exchanges, offers, tenders or similar matdrs relscirtg to arty of the Collateral, nor for informing the undersigned with respect to any therepi_ Bank shalt not E be bound to take any steps necessary to preserve any rights in the Collattral against prior parties, and Maker shall take all necessary steps for such purposes. Bsnk I or its nominee need not collect interest on or principal of any Collateral or give any notiq wiM respect to it. Right is hereby expressly granted to the Bank at its I option to transfer at arty tirtte to itself or to its nominee any Collateral and to receive the income thereon and hold same at severity herefor, or apply it on t)te _ ! principal or interest dw hereon or dw on any liability assured heraby_ - _ ! 'upon the happening of arty of t!te following events, each of which shall constitute a default hereunder, or if the Bank deems itself insewre, fete attire unpaid bai once of this note and all other Liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, without notice Or derttsrtd, become irrtrrte• r dietary dw and payable: lal !ailtxe of any Obligor to perform any agreement hereunder or to pay in full, when dw, any liability whatsoever to Bank or arty irt- star ment thereof O? interest thereon: Ibl the death of any Obligor, eel the filing of any petition under the Bankruptcy Act, or arty similar federal or state statute, 5y or against arty Obligor; id) an apdication for the appointment of a receiver for, tfte making of a general assignment for the benefit of creditors by, or tM ~ nsolvency of any Obligor; (e) the entry of a judgment against any Obligor: (t) the iswing of arty attachments or gxn-ISltment, or the filing of any lien, against any property of any Obligor: ;gl the taking of possession of any substantial part of the property of any Obligor at the instance of any govemmentsl authority; (hl the dissolution, merges, grnotidation, or reorganization of arty Obligor; li? the determination by Bank that a material adverse change has occurred in the 1 financial condition of any Obligor from the conditions set tortA in the most recant tinsncisl statement of wch Obligor heretofore furnished to Bsnk, or from :ne condition of such Obligor as heretofore most recently disclosed to Bank in any manna; or that any warranty, representation, certificate, or statement of any ( Obligor (whether containaa in this note or not) pertaining toor in connection with this note or the loan evidenced by this note is not trw; (jl the assigrtrrtertt by i arty Maker of any equity in any of the Collateral without the written consent of Bsnk; (k) failure to do all things necessary to preserve and maintain tM verve and collectibility of the Collateral, including, but not limited to, the payment of taxes and premiums On policies of insuranp on the dw date without benefit of ,he grace period. Urless the Collateral is perishable or threatens to decline speedily in value Or is of s type customarily sold on s recognized market, Bank will giw Maker rea- sonable notice of the time and place of any public saN thereof or of the time after whidt s private sale will be held. The requirement of reasonable notice shall ! t? met if such notice is mailed, postage prepaid, to arty 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 (or any s r~f~ciency- and Bank shalt account to Makes for any wrplus, but Bank shall haw the right to apply all or any part of such wrplus (Or to hold the same ss a reserve) against any and all other liabilities of each or any Maker to Bank. 1: Bank shall haw, but shall not be limited to, the followi r = rg fights, each of which may be exercised at any time whether or not this mote is dw: la) co pledge ) cr 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 aspect to any Collateral so pledged or transferrttd, and any pledgee or transferee shall for all purposes stand in the place of Bank hereunder and have all the r-ants to Bank hereunder; Ibl to transfer the whole or any part of the Collateral into the name of itself or its nominee; eel to notify the Obligors on any Cotlat- ~ i era! to make payment to Bank of any amounts due or to become dw thereon: Id) to demand, we for, cdlsct, or make any compromise or settkmsrtt it deems t ? ~s~rable with reference to the Collateral; and Ie1 to eke 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 ..a~ pr or alteration shall be bending on Bank unless in a writing signed by an authorised Bank officer, and then only to the extent specifically set forth therein. ~resPnement, demand, protest and notice of dishonor, are hereby waived by each and every Obligor. The taking of a rsnerval note without the signature of arty ' ~ r^:, leer or endorser liable on this note shall not be deemed a payment or discharge of this obligation and fete liability created hereunder shall continw until this ^~r.e ~s paid m full. The Obligors, jointly and severally, promise and agree to pay all costs of collection, including actor s fees equal to 10711 of the amount ` !r`dnCed, Or Such ear ger amounts a3 may be reasonable and just If collected by legal proc or through an actor including appNlats proceedings. The undersig nowtedge t of a ed copy of this note on this data ! t :;.dress 802 Howe Ave. , Ft. Pierce, Fla. 33450 IsEAu /D~on{al~d/ ;R. oUl!l~s ~ 1 i~ddreSi X ~1rr ~\./I ISEAU t . I ~ Cynthia S. Holmes - go~~~~~ p~E1884 - .