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HomeMy WebLinkAbout2168 T, _ - DISCLOSURE NOTE FOR INSTAL MENT LOANS 8~ S ~~,A ~M M~ IAI Amount Received S~a~~•~ 3 BANK (VANE IBI Premwm for Credit t Life/Disabihry Ins. S- ~ 19~ CsssNareisl e~MiM 11NCLe 3S~S7 ICI Documentary Stamps S- 13.3 ; oFFtcE AnORESS 101 OtMr Charges (itemnel S - 'Q. rvOTE NO. DATED: ~"'~7 =i , 19 ~ . IE) ~ IFl = .Q. IG? Amount Financed DUE. ~ u . 19 ~7. IA, B. C. O, E. FI S /NI Interest ! . '~~~3S.4t _ ~ ~ PLACE: J~~ _ , FLORIDA It! Loan Fee S- ~Yr. UI Othcr S - .a _ _ j For value reserved, the undersigned (hereinafter called "Maker") jointly and severally lit IKI S tee. S more than one) promise to pay to the order of the Bank, at its office listed aborre, the Total of payments (from 1N1 at right) of;14.7i3•id oollarspavabte m ~ ILI ~ S- IM1 FINANCE CHARGE equal monthly install is of j ~ ,the first ` ~ • u , 19 ~ IH, 1, J. K, t1 She ~•u I ~nscatimeLLrtt due on and wbsequent installments due on 1N) Total of Payments tG ; M) S~~•N ? Ire 11•+Bay of each month thereafter, together wrtA a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE i:•~ 9fi I S '0' DUE , 19 i i The Bank shall irttposa~e dNinquency charge against the Maker on any payment which has become due and remains in default for a period in excess pt 10 + ~ days rn an amount equal tD-$(t.fif the payment in default. In the event that the Note is not paid in full at maturity, alt payments, whether principal, interest-o? ~ ~ ~ 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, En the event of default, the Bank may, in its sok discretion, apply any payment to interest, principal and/or lawful charges then accrued. It rs 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. It, for any reason, interest in excess of such legal rate or a charge prohibited by law shall at any time be paid, any wch excess shall either constitute and be treated as a payment on the principal o? be refunded directly to the Maker. The Maker may prepay the en- tire unpaid balance of the loan at any time. If the Ioart if prepaid in full, accelerated o_r refinanced, the Maker shall receive a refund of the unearned portion of the interest and insurance premiums computed by the Rule of 78's method, except that the Bank shall be entitled to retain a minimum interest charge of 515.x. CREDIT LIFE ANO CREDIT LIFE 8 DISABILITY INSURANCE ARE VOLUNTARY ANO NOT REQUIRED FOR CREDIT. Such inwrance rnverage is available at the cost desgneted bebw for the term of the aedit: la1 S ~•S7 for Credit Life Inwrance Ib1 S ~a for Credit life ~ Disability Insurance: Check ~ Gedit Life Insurance is desired On the life of ~l~ FMt/! Birthdate 1~7~~ Appl, ? Gl!dit Life de Disability Insurance is desired on Birthdate Box ? Gedit Life and/or Disability Insurance is not de ' Date= ~ ue 1~0 Signature s ignature . AFTERAGQUIRED~RO~ERT1fNllLBESUBJECTTOTHESECURITYtNTERESTANDOTHERORFUTUREINDEBTEDNESSISSECUREDBYANYSUCH~ROPERTY,ASFOLIOWS: Maker hereby grant; 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 Eank's possession, and such security interest shall also secu?e all other liabilities of Maker to Bank, whether primary, secondary, direct or contingent, present o' future. The aforesaid setwity interest excludes the Makers primary residence unless said primary residence is described below_ lot ~3Z, 3~LID1#Y OIR AT ST. Lt»IB, ss dssori~d ii said sostdaro. Ii the Bank requires the Maker to obtain insurance coverage against loss or dan?age 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 (all of whom are here natter for brevity called Obligor or Obligors) that: Sank shalt exercise reasonable Wre in the custody and preservation of the Collateral artd shall be deertrerf 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- s~on, exchanges, offers, tenders w simila? mattOrs relating to any of the Collateral, nor for informing the undersigned 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 arty 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- diately due and payable: (a) 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 tiling of any petition under the Bankruptcy Act, or any similar federal or state statute, by or against any Obligor; Id1 an application for the appointment of a receiver for, the making of a general assgnment for the benefit of creditors hy, or the insolvency of any Obligor; (e1 the entry of a judgment against any Obligor; Ifl the iswirg of any attachments or garnishment, or the tiling of any lien, against env property of any Obligor; lgl the taking of possession of any substantial part of the property of any Obligo? at the instance of any governmental authority; Ihl the dissolution, merger, consolidation, or reorganization of any Obligor; lil the determination by Bank that a material adverse change has occurred in the financial condition of arty Obligor from the conditions set forth in the most recent financial statement of wch 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 not) 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; Iki failure to do all things necessary to preserve and maintain the value and cotlettibility of the Cottateral, includirg, but not limited to, the payment of taxes and premiums on policies of insurance on the due date without benefit of the grate 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 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 be 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 acid 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 thi~ note is due: (al to pledge +;r 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 all purposes stand in the place of Bank hereunder and have alt the rights to Bank hereunder; lbl to transfer the whole or any part of the Collateral into the name of itself or its nominee; Ill to notify the Obligors on any Collat- eral to make payment to Bank of any amounts due or to become due thereon; Idi to demand, we for, collect, or make any compromise or settlement it deems desi.aWe with reference to the Collateral; and let to take possession or control of any proceeds of Collateral. No delay or omission on the part of Bank in exercising any fight hereunder shall operate as a waiver of such right or of any other right under this note. No waiver or alteration shat) 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 note K paid i^ full. The Obligors, jointly and severally, promise and agree to pay all costs of Collection, including attorneys fees equal to 10X of the amount f manced, or such larger amounts as may be reasonable and just if 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. l Addreti - Holifday Qtr X415 Gbia Dt. ~ .~w~fss ~ ~ ~ ~ ~ ~ ~ r- (SEAL) f.aeb, Fi..i34s7 rilbur_ Oslo Fos~,hc Address • _ ~ ~ ISEALI Lois Foster X323 Pa~E2159