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HomeMy WebLinkAbout2093 r DISCLOSURE NOTE FOR INSTALLMENT LOANS aRM ~ M~ IAI Amount Receivitd S- 12,100.00 6ANK NAME 181 Premium for Credit lift!/Oisabihty Ins. S •a' i~~ C0~1 8t~, .1~N l1fMCh~ FLOlida lCl Documentary Stamps S 19.OS OFFICE A DRESS 101 Other Charges litemizel S 1 E) S MOTE NO. GATED: ~ . 19-~- iFl S IG) Amount Financed DuE ~ . 19 ~ . IA, B. C. O. E. FI S i2.`'isA•c~` IHI Interest 5.11~~1Q_SS , PLACE' Jar Ski ,FLORIDA 111 Loan Fee S IJI Other S For value received, thg undersigned (hereinafter called "Maker") jointly and severally lit IKI S •Q• , more than one) promise to pay to the order of tha Bank, at its office fisted above, the Total nt Payments (from INl at right) of ~~4~.~Q Oo1Wrt payable in ~ ILI S •Qs- ' e~i~al monthly instaumtnts of S ,the first IMI FINANCE CHARGE iN, I, J, K, LI S Z1aeZ0•~ •',j ~nstallrr?ent due on ~ 19~, and subsequent installments due on IN) Total of Payments IG + MI S x•420.16 ax tne2~~ay of each rtnonlh thereafter, together with a FINAL BALLOON PAYMENT OF. ANNUAL PERCENTAGE RATE Zs.~ % 5 •0• OUE , 19 ~,i The Bank shall impose s delinquency charge against the Maker on any payment which has become due anrf remains in default for a period in excess of 1~ days in an amount equal to ~ of the payment in default. In the event that the Note is not paid in fuU at matwity, all payments, whether principal, imerest or otherwise, shall bear interest at the maximum legal rate allowed under the taw. All payments made hereunder shall be credited first to interest and then to principal, however, in the evt;nt of default, the Bank may, in its sole 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 etention of any other charge than is allowed by law. 11, for any reason, interest in excess of such legal rate or a charge prohibited by law shall at any time be j psid, any such excess sftaN eSther constitute and be treated as a payment on the principal or be refunded directly to the Maker. The Maker may prepay the en- ' tie unpaid balance of the loan st any time. If the loan is prepaid in full, accelerated or .elinanced, the Maker shalt receive a refund of the unearned portion of the interest and irtsuraitice premiums computed by the Rule of 78's method, except that the Bank shall be entitled to retain a minimum interest charge of 515.00. CREDIT LIFE AND CREDIT LIFE b DISABILITY INSURANCE ARE VOLUNTARY AND NOT REOUIREO FOR CREDIT. Such inwrance coverage is _ available at the cost designated below for the term of the credit: lal S w0'• for Credit Life Insurance Ibl S •a for Credit Life & Disability Insurance: Check ? Credit Lifg Insurance is desired on the life of Birthdate Appt. ? Credit Life f4 Disability Insurance is desired on Birthdate Box ~ Credit Life and/or Disability Insurance is not desired. ~ Date: ~ ~ Signatures ~ L-~~~ Signatures L AFTERACOUIREDP ERTYMfIILBESUIJECTTOTHESECURITYINTERESTANOOTNERORFUTUREINOEBTEDNESSISSECUREOBYANYSUCHPROPERTY,ASFOILOWS: wiewCr Ireieuy yre~itS 23 uo.-•w a LsCu:a a: :Q:i, •1 ~ .f.~ ..ro i.ol.,.:. anal ~tl ..t1.a new•sv of Ma4n• nnm. nr ha•n>itn.. ?anic's possession, and such security interest shall also secu?e all other habdities of Maker to Bank, whether primary, secondary, direct or contingent, present 'uture. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below_ _ Lot Iii4, Seretilooe II, OUtD00R R890>kT3 OF II1~RiC111 AT IIBTILBS I$IrAt~D, ss ~st:ibri i>w sail aaart6a~. I! the Bank requires the Maker to obtain insurance coverage against loss or damage to the coflaterat securing the Makers indebtedness to the Bank, [he Maker may obtain such coverage from any agent, broker or insuror acceptable to the Bank. I! 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 € nereinafter for brevity called Obligor or Obligors) that: I Bank shall exercise reasonable care in the custody and preservation of the Collateral and shall be deemed to have exercised reasonable care rf 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- s~on, exchanges, offers, tenders or similar mattArs relating to any of the Collateral, nor for informing the undersigned with respect to any thereof. Bank shall nor 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 n' 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 r,p2ion 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 ~ principal or interest due hereon or due on any habitity secured hereby. Upon the happening of any of the following events, each of which shalt constitute a defauU hereunder, or if the Bank deems itself insecure, the entire unpaid c,.,iance of this note and all other liabilities of each Maker to Bank shall thereupon or thereat ter, at the option of Bank, without notice o. demand, become imme- d~ately due and payable: Ia1 failure of any Obligor to perform any agreement hereunder or to pay in full, when due, any liability whatsoever to Bank or any m- stalmem thereof or interest thereon; Ibl the death of any Obligor; Ic) the filing of any petition under the Bankruptcy Act, or any similar federal or state statute, by or against any Obligor; ld) an application for the appointment of a receiver for, the making of a general assignment for the benefit of creditors by, or the ~nzolvency of any Obligor; lel the entry of a judgment against any Obligor; (f) the issuing of any attachments or garnishment, or the filing of any Tien, against any property of any Obligor; 191 the taking of possession of any sutntantial part of the property of any Obligor at the instance of any governmental authority; th) the dissolution, merger, consolidation, or reorganization of any Obligor; Ii1 the determination by Bank that a material adverse change has occurred in the 1~nancial condition of any Obligor from the conditions set forth m the most recent financial statement of such Obligor 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 Obligor (whether contained in this note or noel pertaining to or in connection with this note or the loan evidenced by this note is not true; Ijl the assignment 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 anti collectibility of the Collateral, including, 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 Collateral is perishable or threatens to decline speedily m value e• is of a type customarily sold on a recognized market, Bank will give Maker rea- sonable notice of the time and place of any public sale thereof or of the Ume after which a private sate will be held. The requirement of reasonable notice shall t~ met rf 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 clays before the time of the sale. Upon disposition of any Collateral 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 surplus for to hold the same as a eserve) against any and all other liabilities of each or any Maker to Bank. Bank shall have, but shat) not be limited to, the following rights, each of which may be exercised at any time whether or not this note es due: lal to pledge r,r transfer this note and the Collateral, whereupon Bank shalt 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 all purposes stand in the place of Bank hereunder and have all the rights to Bank hereunder; Ibl to transfer the whole or any part of the Collateral into the name of itself or its nominee; Ic1 to notify the Obligors on any Collat- eral to make 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 desirable with reference to the Collateral; and le) to take possession or control of any proceeds o1 Collateral. No delay a omission on the part of Bank in exercising any right hereunder shall operate as a waive. of such right or of any other right under this note_ No waiver 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. 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 note is paid in full. The Obligors, jointly and severally, promise and agree to pay all costs of collection, including attorneys" fees equal to 10X of the amount „,E !~nanced, or such larger amounts as may be reasonable aril just ii collected by legal proceedings or through an attorney at law, including appellate proceedings. The undersigned acknowledge receipt of a completed copy of this note on this date. Address 22913 l~C~ St• Clai! 1Q = (SEAL) t1~ Z Gc.Ct~ ~-~L' ISEALI Hddres: A. Flwrs rig nnc. _ _