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HomeMy WebLinkAbout2063 >iEffl DISCLOSURE NOTE FOR ffVSTALLMENT LOANS . JAM ~R IAI Amount Reserved S s•Of~•00 BANK NAME 181 Premium for Crrtdrt w~ Life/Oisabildy fns. f 0. D09[ 7. Jr~l1t frtQti. tL _ 3.KS7 lC1 Documenta.v surtrps s • OFFIC AooRE55 ID? Other Charges luemrze) S ~ ~ 7~ LEI S ~a ^;OTE NO. GATED: . 19-• IFI S IGI Amount Financed s Of)~•~S UuE u , t9~ IA, 8, C, D, E, F? S IHI Interest • at ACE: J~t?r , FLORtOA 111 loan Fee S _ IJI Other S tea' For value received, the undersignrd (hereinaRer called "Maker") Iomtly and severally Gt IKI S more than one) promrt! to pay to the rs{~eLq(~h~nk, at its office Irstld above, the~tal ~o- >r Payments (from tNl at ngM) of ~ • Dollars payable in ILL S the lust IMI FINANCE CHARGE e•tual month) install~nts of S • ~ 1~~~~ Y IH, 1, J, K, L) S ~ i ~nstatl~nt due on ~ , 19-, and subsequent installments due on_ INI Total of Payments IG + M) S • • tr,r d~,y of each month thereafter, together with a FINAL BALLOON PAYMENT OF. ANNUAL PERCENTAGE RATE • 96 5 "~i' DUE . t9 The Bank shall impose a delinquency charge against the Maker on any payment which has become Uue and remains in default for a period in excess of 1O cf,,ys .n an amount equal to 1'~i of the payment in default. In the event that the Note is not paid in full at maturity, all payments, whether principal, interest or <,tnerwise, 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 ttr~ncrpal, however, in the event of default, the Bank may, in its sole discretion, apply any payment to interest, principal 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 [he • etentron of any other charge than is allowed by law. If, for any reason, interest in excess of such legal rate or a charge prohibited by law shall at any time (re p.,~d, any such excess shalt either constitute and be treated as a payment on the principal or be refunded directly to the Maker. The Maker may prepay the en- t c~ 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 t the rnrerest and insurance premiums computed by the Rule of 78's method, except that the Bank shall be entitled to retain a minimum imerest charge of S15.OO. CREDIT LIFE AND CREDIT LIFE dr DISABILITY INSURANCE ARE VOLUNTARY AND NOT REOUIREO FOR CREDIT. Suchl~ rance coverage rs ; available at the cost desgnated below for the term Of the credit: Ia1 S for Credn Life Insurance Ibl S _ f~.: C.«fit life & Disability Insurance: ChHck ? Credit Life Insurance is desired on the fife of Birthdate app). ? Credit Life & Disability Insurance is desired on Birthdate Bo.Credit Life and/or Disability Insurance is not desired. ? D,ite ~g ~9`! Signaturez ~ f _ Signature z . aFTFRACDUIREOPROPERTYWIILeESUdJECTTOTNES CURITYINTERESTANOO ER OR FUTURE INDEBTEDNESS ISSECUREOBYANYSUCHPROPERTY,ASFOIIOWS- ".taker hereb rants to Bank a SEturit interest in the r rt if an , descr ~urci i? sic a't nrAn• nrnnerty of Maker now or hereafter in Y 9 Y Pope Y Y :vas ~i;-,K"s possession, and such security interest shall also secure all other babdities of Maker to Bank, whether prrmary, secondary, direct or contingent, presem • uture. The aforesaid security interest excludes the Makers primary residence unless card prrmary residence rs described below. LC Zi0• hS4t? SrCt~~ Ile ~1 tit 1L0~ ft~ M ~lf~ ~ ~ ~ ~~rt~ff ~ e t r the Bank requires the Maker to obtain insurance coverage against toss or damage to the collateral securing the Makers indebtedness to the Bank, the Maker may obtain such coverage from any agent, broker or inwror acceptable to the Bank. It is jointly aril severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party to this note fall of whom are ~ e•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 it it takes such a~t,on for that purpose as Maker shall reasonably request in writing, but no omission to comply wtth any request of Maker shall of itself be deemed a failure to exercise reasonable care. Without limiting the generality of the foregoing, the Bank shah have no responsibility for ascertaining any maturities, calls, conver- s~nn, exchanges, offers, tende?s or similar matters relating to any of the Collateral, nor for informing the undersigned with respect to any thereof, Bank shall not i~ourid 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 .ts nominee need not collect interest on or prrr?cipal of any Collateral or give any notice with respect to it. Right is hereby expressly granted to the Bank at its vp~,on 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 ar~ncipal 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 d the Bank deems itself insecure, the entire unpaid na! ante 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- ~ ::,.3tely due and payable: lal failure of any Obligor to perform any agreement hereunder or to pay in full, when due, any liability whatsoever to Bank or any in- s+,:iment 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, ry or against any Obligor, (d? an application for the appointment of a receiver for, the making of a general assignment for the benefit of creditors by, or the ~nsotvency of any Obligor; le) the entry of a judgment against any Obligor: Ill the issuing of any attachments or garnishment, or the filing of any lien, against i I any property of any Obligor: 191 the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental authority; n i the dissolution, merger, consolidation, or reorganization of any Obligor; li) the determination by Bank that a material adverse change has occurred in the ~ nannal condition of any Obligor from the conditions set forth in the most recent financial statement of such Obbgor heretofore furnished to Bank, or from the condition of such Obligor as heretofore most recently disclosed to Bank in any manner; or that any warranty, representation, certificate, or statement of any t OcargOr (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: Ij1 the assignment by ~ ,ny Maker of any equity in any of the Collateral without the written consent of Bank; (k) failure to do all things necessary to preserve and maintain the value a•~d collectibility of the Collateral, including, but not limned to, the payment of taxes and premiums on policies of insurance on the due date without benefit of one grace period. z Unless the Collateral is perishable or threatens to decline speedily rn value or is of a type customarily sold on a recognized market, Bank will give Maker rea- > :nabte 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 notice shall . met if such notice is marled, postage prepaid, ro any Maker at the address given below or at any other address shown on the records of the Bank, at feast ten c±+ys before the time of the sale. lJpon disposition of any Collateral alter the occurrence of any default hereunder, Obligors shall be and remain liable for any ~~ef,crency: and Bank shall account to Maker for any surplus, but Bank shall have the right to apply all or any part of such wrplus (or to hold the same as a -eserve) against any and alt other liabilities of each ar any Maker to Bank. Bank shall Rave, but shall not be limited to, the following rights, each of vrhrch may be exercised at any time whether or not this note is due: lal to pledge - r! transfer this note and the Collateral, whereupon Bank shall be relieved of all dunes artd responsibilities hereunder and relieved from any and all liability with ; rasped to any Collateral so pledged or transferred, artd any pledgee or transferee shall for all purposes stand in the place of Bank hereunder and have all the ~ • ~ghts to Bank hereunder: Ibl to transfer the whole or any part of the Collateral into the name of itself or its nominee; (ci to notify the Obligors on any CoNat- eral to make payment to Bank of any amounts due or to become due thereon: Id1 to demand, sue for, collect, or make any compromise or settlement it deems ties,rable with reference to the Collateral; and iel to take possession or control of any proceeds of Collateral. tJo delay or omission on the part of Bank rn exercising any right hereunder shall operate as a waiver of such right or of any other right under this note. No waver or alteration shall be binding on Bank unless in a writing sgned 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 maker 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 r~-,te rs paid in full- The Obligors, jointly and severally, promise and agree to pay all costs of collection, indudirtg attorneys fees equal to 10% of rite amount t ~ Wanted, or such larger amounts as may be reasonable and just rf collected by legal proceedings or through an attorney at law, including appellate proceedings. k The undersigned acknowledge receipt of a completed copy of this note on this date. Z~itl))~ j~• t? )tom ~~fr ~ ~ r ISEAU t,rfdress - - J~tsMd >b~elte t1. Address = ~ ~ ISEALI