HomeMy WebLinkAbout1027 - Combination PROh11S90RY NOTE, SECURITY AGREEMENT and
nISCIOSURES Requir~tl b~` Federal anf: ate Law 1?~ocweo ell
Mortltage. inc. LENDER
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1tiiRT iT WCIE F~ 3SA32 -FEDERAL DISCLOSURES
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19601g•fld l.07 CHARGE sj()Q36~93 ~ N~ s NiiNE _
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_ _ RATE
In addition to the amounts stated above f« 111 Insurance Premiums, (21 Documentary Stamp Tax, (31 Official Fees and 141 Moi« Vehicle Title Fee, the
Amoun! Financed is paid to or upon the order of B«rowers as follows, which disbursements Borrowers auth«ize and hereby acknowledge:
Amounts Paid To or F« You: _o-
To Barclays American on Account No. - - S
Cash « Check to B«rowers - , - - • - - - - - - s 7331.14 f
. •
To S -0-
To s -o-
To S +a
To BAR[a AYSAMEB-LCMI/Eld/li+r'I AI t 2415.5b `
To -a
To s- -o-
To - S
To S- ~
PROCEEDS OF LOAN S • ~
Closing Costs f« Loan Secured by Real Estate:
Title Examination Fee TI TIE. ! NSURANGE- ARID- ATTSRt~tEY- EEE • - s 172.00
Mortgage Preparation Fee s -0- ~
Rec«ding Fee I NTAAIGI BLE . Ti.1X . AMD - REC~RDI G1D - - - - - - • • . - S 30.08 '
Appraisal Fee . . . . . . S 75.00
TOTAL CLOSING COSTS S •
t
DESIGNATION OF PARTIES: As used in this document, the words "1;' "me;' and "my" refer to Borrower or to all Borrowers if there is more than
one Borrower; the words "you; ' "your; 'and "yours"' refer to Lender.
•TOTAL OF PAYMENTS is the Amount Financed plus the Finance Charge and is the estimated amount required for payment accordirg to schedule.
tAMOUNT FINANCED is the total of (11 Inwrartce Premiums, f21 Documentary Stamp Tax,131 Official Fees, 14) Mot« Vehicle Title Fee, 151 Proceeds
of Loan and !61 Closing Costs i« a loan secured by real estate, all of which are shown above.
DELINQUENCY AND PREPAYMENT: 1 understand that my failure to pay the monthly payments when due will increase the amount of Finance Charge
I pay you, but that my making payments pr'r« to their being due will reduce the amount of Finance Charge i pay you. !f 1 fail to make any paysrent
when dw « if there h a default under the Security Agreement « Mortgage, you may, without notifying or demarttEng anything further of me, require
me to pay you the remaining unpaid balance I owe you. Upon such default you may charge me reasonable att«rtey fees you incur in hiring an attorney
which is not one of your salaried employees to collect the money 1 owe you, as well as reasonable expenses of repossessing, st«ing, or selling any prop-
erty securing this loan.
CREDIT INSURANCE: Credit Life Inwrance and Credit Disability Inwrsnce are optional arW are not required as a condition to your granting this loan. -
Such coverages are part of this loan only if amounts are shown above under "Inwrance Premiums/Life-Disability" and if 1 have auth«ized such insurance
in a separate inwrance authorization. ~ '
SECURITY: In «der to secure my obligations under this loan, 1 grant you a security interest under the Uniform Commercial Code and according to the
terms of me Securiiy i~greerr~a~i.vr. 1112 re:c:sc "•:vc e:.'•..;! 2!iC 1t:3Cl:~ ,..n.s,~a~o in the fnitnwino:
1!! Ap household and conwmer goods presently located at my address stated above and proceeds. Not applicable if this block ? checked.
121 If this section is completed, the property described herein and proceeds: -
Make Year Model Model No. Serial /Vo. License: State Year No.
131 The proceeds of any inwrante covering the personal property and real estate securing this loan. (Returned « unearned premiums are con-
- sidered proceeds.) All the above are called "Collateral" under the terms of the Security Agreement. -
141 I have executed a mortgage, a copy of which is attached, on real property which t own located at my address above, « if otherwise, at the fol-
lowing address:
151 1 waive the benefit of any personal property or homestead exemption, as may be applicable.
PROMISSORY NOTE
1 promise to pay you at your above address the Amount Financed together with Finance Charge at the rate set forth above. I agree to do so in consecutive
monthly payments in the number, amounts and at the times provided above, until futfy paid. Payments shall be applied first to pay Finance Charges and
then to the unpaid balance of the Amrwnt Financed, If 1 fail to•make any payment when due, or if 1 am in default of anything I have agreed to do in tfie
Security Agreement or M«tgage, you may, without notifying «demanding anything further of me, require me to pay you at once the remaining unpaid -
balance 1 owe you, as welt as reasonable attorneys fees and expenses as specified above. 1 wiq not require you to demand that I make any payment, nor
will you have to notify me that 1 have not madg any payment. You may without notifying me give others who have signed this loan additional time in
which to pay you and I will not be relieved of my obligation to pay you if you do so. Terms and provisions under Federal Disclowres are incorporated
in this Note by reference. -
BY MY SIGNATURE BELOW, 1 AGREE TO ABIDE BY THE SECURITY AGREEMENT SET FORTH ON THE REVERSE SIDE, All OF WHICH
IS INCORPORATED INTO THIS NOTE BY REFERENCE. -
( ACKNOWLEDGE THAT FHAVE- RECEIVED A COPY OF THIS INSTRUMENT AND AFFIRMpTHAT n WAS C1~1~/VTELY P~E-
FORE 1 SIGNED IT. - Re•rieCfl~
Witness the hands and seals of the 8«rowers the day of the date hereof.
Witness 1 - naturesl:
f ~ ~ (SEAL)
6[/ ISEAU ~
~ \ J~ Borrower