HomeMy WebLinkAbout1547 p.
INSTALLMENT PAYMENT NOT Urrgrnal•banw
ear.a.y•fue E
w_ , Plnk-t:Yfl WneT ~
' Oate T~ebt rT~F . , 19 R~ f
to this note, the words 1, ME, MINE and MY mean each and all of those who sign it. The words YOU, YOUR and YOURS mean:
Florida Eank at- Fort °ierce
(Name of Bankl
1 erms of Repayment Insurance on Collateral -
To repay my loan, 1 promise to pay youS 16 . ?79 .60 1 understand I will have to keep the collateral fully insured against
I _ Sixteen Thousand Seven HU dre y_loss or damage. 1 may obtain this coverage through any person of my
Ti lrie and 0 100------------------~ellarsl_ choice.lf I fail to provide insurance, yots racy obtain rnverage to pro-
I'?I pay this amount at one of your offices in a total of 120 test your security interest, passing the cost of premiums on to me, plus
interest at a rate not to exceed the annual percentage rate of this note.
monthly installments, consisting of 120 payments of
S _ 139 •83 each, and one final balloon payment of Late Charge
S _ none .Payments wilt be due on the 2 tray of If I don't pay any installment within 10 days of the day it's due, 1
each month begEnning on t:arch 25 , 1980 will have topay a late charge of 590 of the late, or unpaid installment.
Here is the breakdown of my loan:
1-Loan Proceeds (Amount I receive) S 8 • 500.00 Late, Partial, or Irregular Payments -
2 F!:x':~!a Dot:usnArttary Sterr:p Tax $ 12 . qO YOU Cart accept late payments Or pa[LIaI payments, and you will not
3. Credit Life Insurance S -0- lose any of your rights under this note or the law. You can also delay
4. Credit Di bility Insurance S -0- enforcing any of your rights under this note without losing those
S. Other Yntan~ible- Tzx 5.43) rights. Should I fail to meet the responsibilities 1 have under this
6. Other P.eeordina Fees paidS~O) note, I understand that unless I am excused from that responsibility
7. Other ~At)~i aiSal Fee) By Ct1St OC~~n writing by you, you will not lose any rights you may have against
s. other • (~;ttorney Fee€- Abstrae~ ~ 5 2S~rte on the note.
9. Amount Financed Ladd 1 thru 8} S 0
10. Acquisition Fee $ 50.00 Right to Prepay Loan
11. Other S -0- 1 may prepay the loan at any time. If 1 prepay the loan in full, or if the
12. Other S -0- loan is refinanced-that is, replaced by a new note-you will refund the
13.Interest S 8 •216.70 unearned interest and any unearned Credit Life or Disability prem-
ti. E INANCE CHARGE Ladd lothru l~ s R • ? 6 - 70 ium, figured by the rule of 78's-a commonly used formula for figuring
rebates on installment loans. However, you won'! make any refund of
5. Total of Payments (add 9 & 14} S ~ ~ ~0 less than S1; and you won't refund any part of the acquisition fee.
,s. ANNUAL PERCENTAGE RATE ?.S~S9~ Defauh
THE INTEREST RATE CHARGED IS AUTHORIZED BY CHAP- (t"'"' ~ to aeiauit:
TER fi56.17, FLORIDA STATUTES. 1. If I don't pay an installment on time;
2. If 1 fait to meet any responsibilities which I agree to assume,or;
Credit Life Insurance and Disability Insurance 3. If you reasonably deem this note or the collateral to which you
t~ Credit Life/Disability Insurance IS required for this loan lSee have a security interest in to be insecure.
itemized finance charge). If any of the above defaults occur, you can then demand immediate
? Credit Life/Disability Insurance IS NOT required for this loan. Payment of the balance of this note, minus refunds figured by the
NO charge is made for credit insurance and no credit insurance is Rule of 78's. You will also have all other legal rights provided you by
'i provided unless 1 sign and date the appropriate statement below: the terms of this note or by the law, for instance, the right to re-
possess, sell and apply security to the payments under this note and
a) The cost of Credit Life Insurance alone for any other debts I may then owe you.
the term of the credit will be S n
~ Collection Costs
b) The cost of Credit Life and Disability Insur- If I'm in default under this note and you demand full payment,
S ante for the term of the credit will be $ agree to pay you interest on the unpaid balance at the annual rate of !
10%. If you have to sue me, or tum my account with you over to
desire Credit Life 0 your attorney in order to collect what is owed you under this note, I
Insurance Only agree to pay your reasonable attorney's fees and court costs. -
(Oate) (Signature)
t
I desire Credit Life Comakers Coborrowers ~
Insurance Only 0 Comakers are the same as coborrowers and cosigners. If I'm signing i
(Hate) (Signature) this note as a comaker, l agree to be equally responsible with the bor-
! desire Credit Life and rower, although you may we either or all of us. You don't have to
Disability Insurance n notify me that this note hasn't been paid. You can change the terms
(hate) (Signature)
of payment and release any security without notifying or releasing )
Collateral for the Loan me from responsibility on this note.
!-~,s collateral for this loan, 1 give you a security interest in the follow- f
any property. Arranger. of Credit
~ n~nnrl rZrJrt^?~P r~,,~'t 1n ~7 ?nd-~u ~ ~lnC}( someone outer than the Bank has arrartgedthiscredittransaction,
~ r TZ d i 2t'1 ~ t V o r~ S to to s , T ~r i t ~ 1 X _ a Stheir name, address and signature of their authorized representative
~ r °la t shPrPQ ~n file i n Dl a_ t Dnnk lOi; as follows: ~~~Q 29 F~~ 3' 4 4
; ')2r*e 57 of the ~Ub~ i e Pe _nrd s of Arranger of Credit: ~ -
Iueie Co?tnw . r 1 orir?a . Address: ~ crt: ~_i.on:r: u
- ROGLR r01TRA5
::nd any accounts or securities or other property of mine that-comes Signature of agent: CLERI: C!RCL`!T C"(`''T ~ `
into your possession' at any time while this loan remains unpaid, and
any money refunded or payable by any inwrance company that in- Campy Received I
s~:rv_s the collateral aga- t loss. (Possession means-deposited with The borrower aCknrnvledges receipt of~acompletely filled-in copy Of
;ne bank in any form uch as checking, savings or collateral vault.) this note. - - -
/ ~
905 Last'. Street, Fort ° ~ erce, Florida ~
F1o~rUw~lf•S.t lure C er21d a AOOresS ~ 33450
i
_ _ ~ ~ 405 ?asY Street. Fort ^ierce, Florida
i~rnrower Srgnature ~ Addreft c~~+
~ y S. ~•ell - 8~K326 P~GE1545 33450 -