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HomeMy WebLinkAbout2875 ..i~:!~1,~~ ~ - iii=-1~ _ 1~ ~ t;t,-~ r~l'- . --r1i _ ~rh~ ,t[ ~--,ij, ~ tN =~lt•--_'~l f rid ~ s~~~ ;;:~•~,;:_il; _ - . ?-=-~i =:l;DISCLOSURE.NOTE~FOR;INSTAL=LINENT LOANS ~ -.~,i~• _ - - • ~ - ~ij.= 11; :.--ij{•~ tj{ in.Ijt ~ l~[~ ci. -~i~yl~~=ijt--tji-.-_-_ _ Sri t?.-~•- - First - ~I~T~•l.- •_('-'~rl: 'P'.~It;.:::tj{=1j1~ f{1 - _ 'l~ -_jr?',, -1111 AntountReceiwd --s' 10.000.00 Nations -.Bank- ofFort ierce ftll?IeK. !r;-~, - ,ts?-f~rNRwwl for Credrt ~'~"11r ~'=~`:i _ - -.'!t' =•'t1t ~ u--r~!•~rt~'.:~tli ~ ilt^':11t ~ {~1=1;.' = ''I ''lit--t Lia~oifability Ira.. bfj' --s ne - - - S - P.O; Box~970;•- Fort Pierce.--Fla: 33450- ~ 'fig ~_'r~,~-- icl oo~,m.ntarystamp~~. _ s _ ~,il y i- of=frlc Aooa I.c:jl ~ llj-~ 'i--i : _ `lD? oth«cl+a.g..lit.misel~ '~'_s_none - _ • 24 2885-6 _ ~ ~i~'- =':i~ -•~Ir.. - ,~:~'rj,• 9~ . 1~ --s-none NOTE NO. DATEO:• NOV:- l7• - ,18 7 _ -lF1 - s_nOrie _ •*•'--'t~r_ '~i- - = _ {i!~ ....:f!1: -lW Amount Financed _ _ - -lO O1S.15 DUE: 'NOV. •17.+ - ~ - 19-~ 84- _ . IA, B, C. O. E. F) - s . . - - _ . - - - _ ~ _ - ^1H1 (referee = 4 , 381. - PLACE: FOrt'PiercA - - - FLORIDA - fll. Loan Fea _ t• 25.00 r, - . - ~t~?-, oche. ~ _ ~ s _ none - - For value received, tM undersigned (hereinafter called "Make: Jointly and aeversNy (if (KI S none - more than one) promise to WY to the order Of tM Bank, at its of flee listed above, tM Total _ of Paymenri Ifron?INI at righr? of $l4, 421.60 pollars peysble in 60 - lU s~On@ equal monthly installrrsents of 52 40.36 , tM tint y' IMI FIINANKELCHARGE s 4 , 406.45 ~nstaUment dw On Dec • 17 • , 19 79, and subsegwnt instsllrrrnts dw on INI Total of Payments IG + MI S _-14.421.60 ~he_,l,Z_day of each month chereafter, together wiM a FINAL BALLOON PAYMENT OF: - ANNUAL PERCENTAGE RATE 15.4$ ~ none none ,,9 % The Bank shall impose a deiuwwney charge sgsimt tM Maker on any payment which has betorrse dw and remains in default la a period in excess of 10 gays in an amount equal to o'.G of tM payment in default. In the event chat the Note is not paid in full st maturity, all payments, whether principal, interest or ~cherwist, shall beat interest at uie maximum legal rsq allowed under the Isw. All payments mad. hereunder shall be credited first to interest and then to arintipal, however, in the event of default, the Bank may, in its sole drsastion, apply any paynant to interest, Principal and/or (awful Char9ea then accrued. it is the intention of the psr;ies Mato that the provisions herein -shall not proviW directly Or indirectly for the payment of a greater rata Of interest a the ?tendon of any other Charge than is allowed by Isw. If, for any reason, interest in excess of such legal rari or a charge prohibiced by taw shall at arty time be paid, any wch excess shalt aitner constitute and De treated as a payment on the principal a ba refursded duectN to tM Maker. TM Maker may prepay tM en- :~re unpaid balance of the loan ac any Gina. If the loan is prepaid in Lull, accelerated or refinanced, the Make. shall receive a refund of tM unearned portion of e he interest and iratrrante premiums computed by tM Ruler of 78's method, except that tM Bsnk shall be entitled to retain a minimum interest clssrge of 515.00. CREDIT-LIFE AND CREDIT L{FE 8 DISABILITY INSURANCE ARE VOLUNTARY ANO NOT REQUIRED FOR CREDIT. Sud+ irauranatx>verage is awilable at tM coat designated below for the tarn of the vedit: lal S ~ for Credit Life Insurance fbl S for credit Lifer a Disability (reverence: _ - - - ~ _ _ Check ? Credit Lifer Insurance is desired on the life of - Birthdate _ - Avd. y~? ~Cred~it Life @ Disability Insurance is desired on Birthdste - Box ~radit 4fe and/or Disability Irtwrsnot is not de 'rte. _ Jr~ ~j - ~ - Data: NOV. 17, 1979 Signature Z9Z~`~`,~Signatura - A FTER ACOWREOMONERTy1NILL BESURIECTTOTNESECURITy 1NTEAEST AND OTNER OR FUTURE 1N0ESTE0NESS ISSECURED NV ANY SUCH ~ROrERTY, AS fOLIDNIS: Maker hereby grsnri to Bank a security interest in the property, if any, described in the space below and in all other property of MakN nOw or hereafter in Bank's possession, and such security interest shall also secure ell other liabilities of Maker to Bank, whether primary, secondary, direct or contirgtnt, present o~ future. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described bNow. First ~ Mortgage Lot 12 of Block 3, of Tropical Beach Subdivision, according to the Plat thereof as recorded in Plat Book 10, page 9, of the Public Records of St. Lucie County, Fla. - - _ - If the Bsnk requires the Maker to obtain insurance coverage against loss or damage to the collateral securing the Maker indebtedness to tM Bank, the Maker j may obtain such coverage from any agent, broker or inwror acceptable co the Bank. ' I t is jointly and severally Covenanted and agreed with the Bank by each Maker, endorser, wraty, gwrantor, and other party to this nos (all of wham era hereinafter for brevity Called Obligor or Obligors) that: - - . - - - Bank shall exercise reasonable care in tM custody and preservation of the Collateral and shall be deemed to have exercised reasonable care if it takes suds 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 s failure to exercise ressoraWe pre_ Without limiting tM generality of the foregoing, the Bank shall have no responsibility for ascertaining any msturicias, Calls, cortver- 14€ soon, exchanges, often, tarxlsn or similar matdrs rMating to any of tM Collateral, nor for informing the undersigned with respect to stty thereof. Bank shall not I be bound to take any steps necessary to preserve any rights in the Collateral against prior parties, and Maker shall take all necessary stops for strtdt purposes. Bank or its nominee nand not eotleet interest on or principal of any Collateral or give any notice with respect to it. Right is hereby expressly granted to the Bsnk at its option to transfer at any time to itself or to its nominee any Collateral and to receive the income thereon and hold earns as security henfor, a apply it on tM printipel Of interest dw hereon or due on any liability secured hereby. - _•:l. Upon tM happening of any of tfte folbwing events, each of which shall constitute a default hereunder, a it tM Bank deems itself insecure, tfte entim unpaid- s balanteof 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 imrrre- • - diateiy dw and payable: la? `allure of any Obligor to perform any agreement Mreunder or to pay in full, wMn due, any liability whatsoever to Bsnk or arty in- stalment thereof or interest ?hereon; Ibl the death of any Obligor; Icl the filing of any petition under the Bankruptcy Aet, or any similar federal or-state statute, by or against any Obligor; id) an aoolication for the appointment of a receiver for, the making of a general assignment for tM benefit of uediton by, or the insolvency of any Obligor::ei tree entry of a judgment against any Oblgor; (f) the issuing of any attachments or garnishment, or the filing of any lien, against ,ny property of any Obligor; :S? :ns taking of possession of any substantial pare of the property of any Obligor at the instance of any governmental authority; 6 hl the dissolution, merger, cansor~r:ation, or reorganization of any Obligor, (i) the determination by Bank that a material adverse charge has occurred in the *~~ancial condition of arty Cbs~cor f-om the conditions set forth in the most recent financial statement of wch Obligor heretofore furn'~shet! to Bank, or from •ne condition of wch Obt~gor as neratofore most recently disclosed to Sank ,n any manner; or that any warranty, representation, certificate, or statement of any ~~ccgor (whether contairxsd ors 'his note or not) pertaining to or in connxtron with this note or tfse loan evidenced by this note is not true; Ijl the assignment by ~.r.v Maker of any equity rn grey ^.i -ne Collateral without the written consent of Bank; Ik1 failure to do all things necessary to preserve and maintain the value ~~d collecdbility of the Coilat~i, ~nciuding, but not limited to, the payrrsent of taxes and premiums on policies of inwrance on the dw date without benefit of grata period. Unless the Collateral is oerisnaae or threatens to decline speedily in value or is of a type customarily sold on a recognized rrtsrket, Bank will give Maker res• ~onabls notice of the time and place of any public sale thereof or of the time after which a private sale will be held. The requirement of reasonable rrodte shall met if such notice is mailed, voltage prepaid, to any Maker at the address given bNow or at any other address shown on the records of the Bank, at least ten ,=aye before tM time of the sate. Upon disposition of any Collateral after the occurrence of any default hereunder, Obligors shall be and remain liable for any -:efccierscy; and Bank shall account to Maker for any wrplus, but Bank sha_tl have tM right to apply all or any pare of such surplus (a to hold the same as a •eservei against any and all other liabilities of each or any Maker to Bank. Bank shall have, but shall not be limited to, the following rghts, each of which may be exercised at arsy time whether or not this note is dw: cal to pledge pr transfer this note and the Collateral, whereupon Bank shall be relieved of all dudes and responsibilities hereunder and relieved from any and all liability with F respect 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 all the nghts to Bank hereunder; Ib1 to transfer the whole or any part of the Collateral into the name of itself or its-nominee; (cl to notify the Oblgon on arsy Collet- ; n*a1 ro maxe payment to Bank of any amounts due or to become due thereon; Idl to demand, sue for, collect, or make any compromise or settlement it deems desuabte with reference to the Collateral; and le) to take possession or control of any proceeds of Collateral. ^1o decay Or omission on the part of Bank in ex?rcising any right hereunder shall Operate.aS a waiver of such right or of any othN right under this note. No •:.a~ver or alteration shall be binding on Bank unless m 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 ma <er or endorser liable on this note shall not be deemed a payment or discharge of this obligation and the habiliry seated hereunder shall continw until this noi? is paid in full. The Obligors, jointly and severally, promise and agree to pay all costs of collection, including attorneys fees equal to 10% of the amount i nanced, or such larger amounts as may be reasonable and just if collected by legal proceedings or through an attorney at law, irrtludirg appellate proceedings. The undersigned acknowledge receipt of a completed of this note on this date. Addr~eSt 1148 Granada St. , Ft. Pia;~e~,~~Fla. / IsEAu ~ Address • - - (SEAL) BnoK 3ZO PACE 2p~1, y - '