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HomeMy WebLinkAbout1131 ~ ' fa1N DISCLOSURE NOTE FOR INSTALLMENT LOANS 1~~ ~h ~k fAl Amount Received . = lOemO-DD t3ANK NAME 181 Premium for Credit Life/Disability Ins. s leZQO•~ O. DC! 7. .~t11iNa ll@wClfa ~3dt 3.K3? ICI Documentary Stamps - S - 27. SS r OFFICE AOOAESS IDI Other Charges (itemi>;e) : IEI S 12Q.~0 NOTE NO. OATEO: ~ . 19~ IFI S IGI Amount Financed u ~,~K 6_ , t9~7 IA, B, C, O, E, F1 ~ S a DuE: IN! Interest S iait11.0! I'i.ACE: 1rs ,FLORIDA 111 Loan Fee S ~O" lJl Other = For value received, the undersigned (hereinafter called "Make: jointly and severally (ii (KI S more than one) promise to PaY to the order of the nk, at its office listed above, the T sal . 01 Payments (from INI at right/ of =Ae~a•~ Dollars payable in ~ ILI _ equal monthly instsllments of s ,the first IMI FINANCE CHARGE ~ - • ; IH, 1, J. K, LI S O ~nstallmtnt due on , 1~ ,and wbsequent installments due on - INI Total of Payments lG + M) S 20~OiA•6~ the 6 day of each month thereafter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE ls•~ 96 5 DIE • 19 . The Bank shall impose a delinquency charge against the Maker on any payment which has btcome due and remains in default for a penod in excess of 1U days in an amount equal 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 otherwise, 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 principal, however, in the event of default, the Bank may, in its sok discretion, apply any payment to interest, principal and/or lawful charges then accrued. It ~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 retention of any other charge than is allowed by law. If, for any reason, interest in excess of wch legal rate or a charge prohibited by law shall at any time be paid, any such 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- tire 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 ~ntNeSl arwii irgtrrmrc~ txemiun?s ~v:iy,uf2 : `vy 'a:.c :::::6 T.°.'i. T,ot:::,3. 2, .w3• •h• Birk ShE!! ~ 8•••:t!°'! •^t'•!! _ !^.!!!~^.t!s!!e :n~n.gc~ .•l~arge pf al~j.~Q. CREDIT LIFE AND CREDIT LIFE J5 DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Surd inwrance coverage is available at tM tort designated below for the term of the uedit: lal Z 1200-~ for Credit Life Inwrance Ib) S j=O.00 a for Credit Life ~ Disability Inwrartce: ~>l~u~ ~ IQg~e~ its s Check ? Credit Lifs Insurance K desired On the life of Birthdate APpI. Credit Life & Disability Insurance is desired on hfll~t~ti ~331lr ~k Birthdate ~',j,~„u Box ? Gedit Life end/or Disability Insurance is t d~ired. ~ ~ Date: • gnature - kl-~L~tt~~ ~ ~ ~ Lure D~C~1~! ` ~T' Si r AFTER ACOUIREO?ROrERTY tltlll BESUUECTTO THESECURITY INTERESTAND OTHER OR FUTURE INDEBTEDNESS ISSECURED SY ANYSUCH/ROrERTY, AS FOILOK'S: Maker hereby grants to Bank a security interest in the property, if any, described in the space below and in all other property of Maker now or hereafter in Bank's possession, and such security interest shall also secure all other liabilities of Maker to Bank, whether primary, secondary, direct or conunyent, present c~ future. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below. Lot 2, float• ~121a !0~? 3?. 1.DCZE, t~otlflt~ 4S S~ !E - ~ Ii!~IISOV~! If the Bank requires the Maker to obtain insurance coverage against loss or damage to the collateral securing the Makers indebtedrlecs to the Bank, the Maker ~i may obtain wch coverage from any agent, broker or inwror 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 (all of whom are j 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 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 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- j sion, exchanges, offers, tenders or similar mattJrs relating to any of the Collateral, nor for informing the undersigned witA respect to any 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 steps for such purposes. Bank or its 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 option to transfer at any time to itselr or to its nominee any Collateral and to receive the income thereon and hold same as security herefor, or 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 balance 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- d~ately due and payable: la) failure of any Obligor to perform any agreement hereunder or to pay in full, when due, any liability whatsoever to Bank or any in- stalment thereof or interest thereon; Ibl the death of any Obligor; Icl the filing of any petition under the Bankruptcy Act, or any similar federal or state statute, by or against any Obligor; (dl an application for the appointment of a receiver for, the making of a general assignment for the benefit of creditor by, or the insolvency of any Obligor; (el the entry of a Iildgment against any Obligor; (fl the :swing of any attachments or garnishment, or the tiling of any lien, against any property of any Obligor; (g) the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental authority; Ih) the dissolution, merger, consolidation, or reorganization of any Obligor; (i) the determination by Bank that a material adverse change has occurred in the C financial condition of any Obligor from the conditions set forth in the most recent financial statement of wch Obligor heretofore furnished to Bank, or from [he condition of wch Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, or statement of any Obligor (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 assgnment 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 and collectibility of the Collateral, incliding, but not limited to, the payment of taxes and premiums on policies of insurance on the due date without benefit of the grace period. Unless the Cdlateral 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 lace of an p ' equirement of reasonable notice shall p y public sale thereof or of the time after which a rivate sate will be held. The r be 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 CoOateral after the occurrence of any default hereunder, Obligors shall be and remain liable for any deficiency; and Bank shall account to Maker for any wrplus, but Bank shall have the right to apply all or any part of such wrplus for 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 time whether or not this note is due: (al to pledge or 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 respect to any Collateral so pledged or transferred, and any pledgee or transferee shall for alt purposes stand in the place of Bank hereunder and have all the 3 rights to Bank hereunder; Ibl to transfer the whole or any pare of the Collateral into the name of itself or its nominee; (cl to notify the Obligors on any Collat- era/ to make payment to Bank of any amounts due or to becorce due thereon; Idl to demand, we for, collect, or make any compromise or settlement it deems desirable with reference to the Collateral; and (e) to take 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 waiver or alteration shall be binding on Bank unless in a writirtq signed by an authorized Bank officer, and then only to the extent specifically set forth therein. i 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 obligation and the Iiabitity created hereunder shall continue until phis go y y, promise and agree to pay all costs of collection, including attorneys' tees equal to 1 of the amount note n paid in Lull. The Ob5 rs, iointl and several) financed, or such larger amounts as may be reasonable and just it collected by legal proceedings or through an attorney at law, including appellate proceedings. The urxlersi acknowledge receipt of a completed copy of this note on this date. rl+~V ~ (SEAL) Address Z74 T.11C~f~ D!• ~ i ii L ~a 3 SZ ~ _ t - ~r~o~sila+c iiilliar ~Irltb~ak Address s (SEAL) g~~x 322 PEE 1130