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HomeMy WebLinkAbout0530 a. DISCLOSURE NOTE FOR INSTALLMENT LOANS ~ ~i M~ IA1 Amount Received E ss~•~ BANK NAME IB? Premwm for Credit Life/Disability Int. S i!e ~ JMNN iMlsti, >l~i 334:T IC? ooa,mentirY Stamps s 7.65 , OFFICE pORE55 101 Other Charges fitemuel i NOTE NO. OATEO: e 1 - IG? Amount Financed i DUE: ~ , 19 ~ IA, B. C, O, E, F) S s~OaT•i3 ~ ; i ~i - IH1 Interest S 4'.itf.~''S ; f PLACE: ~ ~ ~~r ,FLORIDA 11? Loan Fse S ' IJl Other S ' ` For value received, tM undersigned IherlinaftN called "Maker"1 jointly and severally lit IKI S ~0" more than one) prOetise to WY l0 the Order Of the Bank, et its office listed above, the Total - Ill S ~ >t of Payments Itrom fN~ Pt-ryht) f1f ~R~•~ Dollars payable .n l~ equal monthly instil ~ ri of t ' ,the first IMI FINANCE CHARGE - installment due o(+ , 19 ~ ,and wbsequent installments due on INI Total of Payments lG; M) S - 9a~3•~ • , I r._'~. day of ei~Atrnj?nth tMrtaher, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE 'lfi"~ The Bank shall imtlosa i delinquency charge against the Maker on any payment which has become due and remains in default for a period in excess of 1~ . . days in an amount.eQlit) M !~i of the payment in default. In the event that the Note is not paid in Lull at maturity, all payments, whether principal, interest or'_~ otherwise, shall beta jntt;tstt it the maximum legal rate allowed under the law. All payments made hereunder shall be credited first to interest and then to. , or~ncipal, however, ip~lte evtint of default, the Bank may, in its sole discretion, apply any payment to interest, principal and/or lawful charges then accrued., s=, I t is the intention Of ~ih1 patties hereto that the provisions herein shall not provide directly Or indirectly for the payment of a greater rate of interest or ttld ~ ~ f retention of any othef.Chalrgs 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 wch ext>e:Yeltatl either Constitute and be treated as a payment on the principal or be refunded directly to the Maker_ The Maker may prepay the etr fire unpaid balanp~ot` the loin at any time. It the loan is prepaid in full, accelerated or refinanced, the Maker shall receive a refund of the unearned portion of . the interest and insura(1eb_premiums computed by the Rule of 78's metMpd, except that the Bank shall be entitled to retain a minimum interest charge of 51500. ' CREDIT LIFE AND_~REDIT LIFE & DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Sa inwrance coverage K - available at the cost der;ipttited below for the term of the credit: Ial S for Credit Life Inwraitce Ibl S ~ ror Credit life 8 Disability Inswance: Check ? Credit Life Inswance is desired on the life of Birthdate Appl. ? Credit Life 8 Disability Insurance is desired on Birthdate Box Credit Life and/or Disability Insurance is not si d. k Dace: Sganature = Signature z ~i~~~-L' ~ ' `^'^t AFTER ACOUIREOPROPERTYwIIIBESUIIECTTOTHESECURITYMITERESTANDOTHERORFUTUREINDE6TEONESStSSECURE09YANYSUCHP ERTY,ASFOII !Maker hereby grants to Bank a security interest in the property, if any, described in the space below and in all other property of Mak r 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 contingent, present or future. The aforesaid security~~in`~tel!rest excludes the Makers primary residence unless said primary residence= i_s described below. spa ~r ~ ~~a ~ ~ ~ l~ttijr• If the Bank requires the Maker to obtain insurance coverage against loss 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 and severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party to this note tall of whom are hereinafter for brevity called Obligor o? 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 if it takes such e 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 j exercise reasonable care. Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, calls, conver- soon, exchanges, offers, tenders or similar matters relating to any of the Collateral, nor for informing the undersgned with respect to any thereof. Bank shall not 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 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 liability secured hereby. Upon the happening of any of the following events, each of which shall constitute a default hereunder, or it 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- diately 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; Ib) the death of any Obligor; (c1 the filing of any petition under the Bankruptcy Act, or any similar federal or state statute, by or against any Obligor; ldl an application for the appointment of a receiver for, the making of a general assgnment for the benefit of creditors by, or the ~nsotvency of any Obligor; (el the entry of a judgment against any Obligor; Ifl the issuing of any attachments or garnishment, 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 governmental authority; (hf the dissolution, merger, consolidation, or reorganization of any Obligor; lit the determination by Bank that a material adverse change has occurred in the financial condition of any Obligor from the conditions set forth in the most recent financial statement of such Obligor heretofore furnished to Bank, or from tt,e 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 not) pertaining to or in connection with this note or the loan evidenced by this note is not true; Ij1 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 and colleciibility 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 in value or is of a type customarily sold on a recognized market, Bank will give Maker rea- sonable notice of the tune 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 tx met if 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 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 wrplus (or 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: la) 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 ail liability with respect to any Cdlateral 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; (b) to transfer the whole or any part of the Collateral into the name of itself or its nominee; Icl to notify the Obligors on any Collat- eral to make payment to Bank of any amounts due or to become due thereon; (d) to demand, we for, collect, or make any compromise or settlement it deems ~ desirable with referentx to the Collateral; and let to take posseuion 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 vrdiver of wch right or of any other right under this note. No r waiver 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 sgnature of arry 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' tees equal to SOX of the amount financed, or such larger amounts as may be reasonable and just if collected by legal proceedings or through art attorney at law, including appellate proceedings. The undersig wledge receipt a c le y of this note on this date. Address , ill! ~a Ot. ~ lls A=r~~ 1Q 41103 = ISEALI Address = L^'t ISEALI • • 6,~oK 3z~ PEE ~o