Loading...
HomeMy WebLinkAbout0826 . - ` DISCLOSURE NOTE FOR INSTALLMENT LOANS ~ Jrtl• ~ti IAI Amount Received =_~pe~~ ~ 9ANK NAME IB) Premium for Credit Lila/Disability Ids, f_ ~5.~ t~ p_ Lt T~ ,ZrW ICI oocumantary Stamps , s- ]O.lS O FICE A O ss fD) Other Cftarges litemue) : ~Q• • fE) - s ~4. NOTE NO. DATED: ~ ~ ~ , 19~. IFI s - IG) Amount (jinaiiced DUE: ~ , 19~. IA, B, C, O, E, FI s~a;~.~s . INI Interest s PLACE: ~~r f~~ ,FLORIDA 111 Loan Fee' s _ u) ocher s ..A. ' For value received, the undersigned (Mreinatter called "Maker") jointly and severally lit ~ IK? s _ _ ~ more than one) promise to pay to the order of tM Bank. at its office listed above, tM Total ~f f zyments !tram lN! at right! o! 3Sa13L?1 Defiers payabia in ILL S _ •.A. r IMI FINANCE CHARGE - equal monthly installments of S ,the first IH, 1, J, K, L) s-_~•7~7a~ mstanm+ent aue on~ ~ , 19_~, arW wbsequent ytstaumlenu pue on INI Total of Payments IG + M) =_~.l~r.~ tr•,e~_dav of each month thereafter, togQtltet with a FINAL BALLOON PAYMENT Of: ANNUAL PERCENTAGE RATE u•~ S DUE , 19 % The Bank shall impose a delinquency charge agairKt the Maker on any payment which has become due and remains in default for -a period in excess of 19 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 mtsximum legal rate allowed under the Isw. Atl payments made hereunder shall be credited tirst to interest and then to principal, however, in the event of default, the Bank may, in its sole discretion, apply any payment to interest, principal end/or lawful charges then accrued. • It is 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 such legal rate or a charge prohibited by law shall at any time be pa~d• any such excess shall either constitute arxt be crested ss 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. ff the loan a prepaid in full, accelerated or refinanced, the Maker shall receive a refund of tl:e 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 115.00. CREDIT LIFE AND CREDIT LIFE Jt< DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. SuM inwrsnce coverage is available at the cost desgnated below for the teim of the credit: Is) S for Credit Lite Inwrance (b) S -0~ for Credit Life 8 Disability Inwrance: A p • _ ~ s ~fi ~l~ Check X..~ Gediz Life Insurance is desired on the life of )318! S. ~ _ Birthdate ~`i;'~'u APPI. ? Gedit Life A Disability Insurarce is desired on Birthdate Box ? Gedit Life and/or Disability Insuranp it n i ed. . , • Date: t~ u~ i~p Signature Signature AFTERACBUIREO~RO~ERTVWILLBESUti~IECTTOTHESECURITyINTERESTAN00THE OR FUTUREINOEITEONESSISSECUREOIyANYSUCH?ROFEBTY,ASFOll01NS h"a!cer hereby grams to Bank a security iriteres! in tlta ptCperty, if any, dastr~ad in the spate bPlaw and in ail other property of Maker now or hereafter in ! Bank'<_ 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 interest excludes the Makers primary residence unless said prirrtary residence is described below. ~ _ . - l~` ~ -rally ~ti~ -~e ~~1 i It 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 ~I 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, erxlorser, surety, guarantor; and other party to this note (all of whom are 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 - j 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- t soon, exchanges, offers, terxfers or similar matters 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 wch purposes. Bank I or its nominee need not collect interest on or principal of any Collateral or give any notice with respect to it- Rght is hereby expressly granted to the Bank at its cation 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 interact due hereon or due on any habdity 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 I balance of this note and all other liabilities of each Maker to Bank shall thereupon o? thereafter, at the option of Bank, without notice or demand, become imnte- d~ately 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; Ib) 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; Id) an application for the appointment of a receiver for, the making of a general assignment for the benefit of ueditors by, or the insot~~rtcy of any Obligor; (el the entry of a judgment against any Obligor; If? the iswing of any attachments or garnishment, or the tiling of any lien, against any property of any Obligor; Igl the taking of possession of any substantial part of the property of any Obligor at the instance of arty governmental authority; (h1 the dissolution, merger, consolidation, or reorganization of any Obligor; (i) the determination by Bank chat a material adverse change has occurred in the financial condition of any Obligor from the conditions set torch in the most recent financial statement of wch Oblgor 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 pr,i Igor (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 f any Maker of any equity in any of the Collateral without the written consent of Bank; Ik1 failure to do all things necessary to preserve and maintain the value y and 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 4i 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- y ;sable 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 tie met if wch 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 sate- 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 relievetl of alt duties and responsibilities hereunder and relieved from any and all liability with t 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; (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; Id) to demand, we for, collect, or make any compromise or settlement it deems desirable with reference to the Collateral; and Ie1 to take possession w control of any proceeds of Collateral. _ No delay or omission on the part of Bank in exeressi an r ht hereunder shall a ng y g operate as a waiver of such right or of any other right under this note. No •rdaiver or alteration shall be binding on Bank unless in a writing sgned f;y 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 I payrtrent 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 10% of the amount 4~nanced, or such larger amounts as may be reasonable and just if collected by legal proceedings or through an attorney at law, intltrding appellate proceedings. The undersign krwtnAedge receipt of a completed copy of this note on this date- 1 • Address-L00 sW <tY>l d~~~ - • (SEAL) C!. a(n sr /h~A/C 3 3 3IS il3arat s. IIi~Zlik I Address ' (SEAL) E c~ i B~K J PAGE c-wc ~a~ o~., ~ ~~n