HomeMy WebLinkAbout1949 • DISCLOSURE NOTE ltiOR INSTALLMENT LOANS •at ~ ~ - iii~l~ =
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~ First National 8 . • • _ . . , (At Aettetatt li:civ.a }lt ~-s;.._. i .
auk of Fort Pierce - si~00.00
„ ' ; _ _ _ i _ _ RANK NAM[ ~ ~ ! 3 _ ; ~ . ~ lBt Wentium !a Gedit , r ~
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• _ , _ uf.''oi..bility In._ :j,~ , Is_?93~.23 .
' P.O. Box 970,'Fort Pierce''~Fla. 33450 ~ ~ lcl oowmawt«ys
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;-:'fin,, t n _ .
- - . - . _ O i IC A - - - - 101 Other Charges litemit~?-', n0110
. ' - -^l~!' . = Hens
Fey, 2 5 ~ ~
nIOTE NO. OATEO s• s . t1i.~Q., lF?• ~ • _ -
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. ~ •.~:.Feb 25 . - ~ L _ . tc) i?~tFi~.d -=i.~'..~ Vii,. `33 ~ ~ ~
ouE: . - _ - - , i~~.Y IA. s, c. o. E, t=t':: . - s_- 7•
' - •i~`- lilt Infaestt -_i;..•. tit-,q= P ~ i
Pu?cE: Ft. Pierce _ ~ FLORIDJI• tq Loan Fea ~ - :t•"-- " _ `
- _ -
Fo. veh+e received, the urWerfigrtad lh.rtin.ft« cNIW ••fr4ker••t;ointly and fa.wlly a~ f~1 Oath ~ = none
more than one) Ororttiae to pay to tM order of tM Balk, ac ile oflioa lifted above, the Total.. ~ tK) ^ s Hens
of Paymena (from lN) at right) of SIS • 109.08 collar:payabN in " IMI RINANCE CHARt3E ~ s~
wtt+l monthly irtsgllrrtenta of S 179.87 the sleet
• • lN, 1, K. u - ~ _5.801 •
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inttauttttMt dtre On Mar_ 2 S ,18~,Q,.. and wbsegwnt ietstNtntaettf dw on fNl Total of Payetteetta•l(i + M) s-1$ ,109.0$
che_$Qday of each nanth tharatter, together with a FINAL BALLOON PAYMENT OF: ANNUAt..PERCENTAGE RAT$ 15 _ AS
= none DuE none , f9 . ~ -
The Bank fltall MrpCae a dNtngtetetetir ehafgf the IMaket Orl any paYmatt .wlt~l-~~ laaoonte dltia ^~Ila 1'aallina lA dafalsla a orrice is.~staaea otl T~y V-`
days in an ensurer equal to !7)6 of tM payrttatt- iw eNfwlt: In tM event d+at tl+d Noti is not paid in full at maturity. all payments, whether principal, interest or - .
atMrwite, eltall bea? interest at tM rtteximunt legal ua Nbwed under the law. All paymanb made herawtdar shall be vedited first to interest and thaw to
prirtcipN, hawwr, in the event of defwlt, tM Bank may, in its sole dieeretion, apply arty payment to intarat, priacipd and/or lawful dwges dten aotxtsad.
It is the intention of ills perYta Aereto that the provisions herein shall trot provide directly or indirectly for the payment of a gusts rata of interest or the , ,
retention of any other tdtargr than is showed b'y law. If, fa any reason, interest in exoea of suds 1pN n» or a dtsrga prohibited by Isar shall at any tints be
paid, arty such excess shell either oonstituta and be treated a a payment on the principal or be nfurtded direedy to tM IiAaker. Tf?e Halter retry prpry titsset-
tin uttpaid balance of the loan at any tierce. If tM loan is prepaid in full, iCCNlragd or ?efinaetced, tM fdaker shall receitra a refund of the urieerrtad portion of f:.
the interest and inatsrartce prers?iwtts txtmputrd b1f the Rule of 78's method, except that the !~k shall be entitled to retain a ntinimurn intrust dtarga of =1 E00. ;
CREWT LIFE ANO CREDIT LIFE 8 DISABILITY INSURANCE ARE VOLUNTARY AND NOT REOUIREO FOR CREDIT. Such inaiiratp aowaga is _,t~
ayeitabl. at the rxtst daigrtated below for the term of tM uedit:la) i 79 3.2 3 - for Credit use trtsuurtce tb) s
for Credit Life a oie.biuty Iruurartee: _ - _ _ _ - . _ - . _ - i
~
Check~Qredh Lih Inetrrsnce is desired an the life of • _ ~ • - - Birthdal.~,4,[~2.~ - $ t~t
.
MPI. ? Credit Uh 8 Ditebility irtwratw is desired on Bi.dtdea V , tt
Box ? C>radit Lih and/or Oitability lrtaurariee k no p _ - - •
oat.: Feb 25. 1980 - si~atun . - E . ~ ~ _ : • ~ : - ~ 't's!
1lfTERACQIRRE0F11WERTYwIIINEfYEIECTTOTNEtEC T1fINTERESTANDOTNERt)RF UREINOESTEONE=SISSECUREOfiYANYlUCNMOiERTY AtFOII[Ilrt: _ -
!4!ek!t t.e.rby grente to Bank a seewity interest in the property, if arty, described in tM space. below and in ell other property of Maker stow or hareefter in - • •
Bsnk'f pOaieafiOn and aYCh security irSiKiit fl{~li Melt swv't3 ~t!.=r !Sw!i.•ra pi tylaicr tp ar.tt, wnsil'wii i3iiRli:{. SiC.,"""...xr'. w ~ SX.'=:t!!"~:t, ¢~!M!!t =
or futur . TM afoeaaaid security interest excludes the Makers printery resideece unMu said WirnarY residence ii described bebw. -
Property Description: Lot 8 and the East ~ of tot 9, Block K, Marseille Estates, according to
the plat thereof on file as recorded in plat book 8, page 77 of the public reconis of - -
St. Lucie County, Fla. - ~ - - - _ _
If tM Bank require tM Mslw to obtain inwreetce coverage sgairut Ions or dannge to tM collateral securing tltr Makers-fndebtednats to the Bank, the Maker
rttsy obtain suds eaverage from arty agent, broker or inwrOr at•ceptable to tM Bank.
It is jointly end severally covenanted and agreed with the Bank by each Maker, endorser. orrery, guarantor, end other perry to tf?is torte (aN d whom ere .
hereinafter for brevity called Obligor Or Obligors) that: ~ - -
Bank shall exercise reasonable we in tM wstody end preservation of the ColbterN and shall be deemed to have exercised reasonable err. if it takers such T
scion for that purpose es Maker shell reasonably request in writing, but no omission to :wr•nply with any ragwst of Maker shall of itaNf fee deartted afaikrrs to . -
exerciaa rwottaWe care. Without limiting the geetnality of tt?e foregoing. the Bank shall have no refponfibility for sacertainirtg any rnettiritia, calls, convar- -
sion, exeftariget, offers, tandas or similar rttatteks elating to any of tM Collateral, nor for informing tM wtdersigrted with respect to any thereat. Battle ff?all rat
be bound to take any steps rtaoesssry to preserve arty rights in the CotbtarN against prior parties, end MNcer shell take NI rtecasary steps for such pwpoaea. Bank
or its nominee stead not collect interest on or principN of any Collateral or give any notice with respect to it Rght is hereby expresdy granted to tM Bank at its ~
optiext to trannsfer at any lima to itself or to its rtomietse any Collateral end to receive tM instants theuon end hold sense a severity Itenfor, et apply it on tM
principet or interact due hereon or dw on any liability secured hereby. ~ - , -
upon tM iteppening-of any of tM folbwing warts. aadt of which shah tartstitua s defwlt hereunder, tX if tM Bank dwws itself ie?fewre, die entiu unpaid
bstance of this rtotr and all other liabilities of sad? Maker to Bank shall thereupon a tltereaftae; at the option of Bank, without notiq or dentard, become irrwrte- _
- daatNy der and payable: ls) failure of any Obligor to perform any agreantent hereunder a to pay in full, when dw, arty liability whagoevar to Bank a any in• -
stslmant tMreof or interest thereon; lb) the death of arty Obligor; le) tM filing of arty petition under the Bankntptey Act, or arty similar fs!daut or etas statute,
b1? or against arty Obligor: Id? sn sppliption for ttte appointment of s receiver fa, tM making of a general sssignntatt for tM benefit of uedtors by, or rite
insolveesCy of any Obligor: le) tM entry of a judgmatt against arty Obligor: (f) the awing of any attatltmanta or garnishment. Or tM filing Of any lion, sgsirtst
sr+t? Property of any Obligor: Ig) tM taking of posaesaiori of arty stibstarttfN pert of tM property of any Obligor st the infaetce of arty gowrrtnterttgl sudtority;
(h? the diaoiution, merger, consolidation, or reorganiwtion of any Obligor; lil tM determietstion btl Bank that a rrgterial adverse dtsnge has ooaued in the •
financial condition of airy Obligor from the eortditioris set forth in tfia most recent financial statamatt of suds Obligor lieir~tofou (umaltad to Bank, or from
the condition of such Obligor ss heutoton most recently disclosed to Bank in any manner; tX that any warunty, reprassnte?tion, certificate, a taaeentent of snY •
Obligor (wMther oonainad in this tau or not) pertaining to or in connection with this note or the ben widenced b1l this note a not trw; G) the aetigtrrta+t by
any MNutr of arty equity in any of the CollaterN without the writpn consent of Bank; lk) fa~ure to do all thugs necaswy to preserve and msintsin tM vNw -
end collectibility of the CdlaterN, including, but not limited to, tM p.ym.ett of taxes and premiums on policies of irourenoa an tfte due due without beetNit of _
the grace period.
tjntass rite ColgterN a perishable or threaten to dedwta seedily in vNrra or is of s type customarily sold on a racogti:ed mrket, Bank will give Maker rsa- •
sonsble notice of the tittle end plan of anY PubIK faM thereof or of the tints afar which a private sale will be held. The requirement of reasorttble notice shalt
be met if sleds notice is mailed, postage prepaid, to arty Maker st the address given bNow or at any other address shown on tilt retards of tM Bank, at Iset tan
days before the tints of the sNe. Upon disposition of any Collaterel after the Ocetirrenq of any default hsnuttder, Obligors shNl be end rarttain liable tw any
deficiency; and Balk fhNl account to Maker for any surplus, but Bank shall have the right to apply ell or any pert of such elegies lor to ftaW rite seine as a
reserve) sgeinst sett' end NI other liabilities of each or any Maker to Bank, -
Bank shNl hate but shell not be limited to, the following rights, cads of which may be exercised st any tints. whether or not this mote a due: Ice) to pledge
or transfer this nog end the CollaterN, whtreupon Bank shell be rNietrad of all duties and refponsibilitNS 1?eraurtder end rNievd front arty and Nl liability wilts •
respect to any CotlsterN so pledged or transferred, end arty pledgee -or trsnsfera shall for all purposes stand in the place of Bank hanuttdar and have ell the
righu to Bank hereunder; lb) to turtsfer the whole or atY Pert of the Collateral into tM Han. of itself or it: nomina;.(e) to ratify tM Obtigon ors any Coltat-
arel to make paymartt to Bank of any amounts due or to becomr dw thereon; ld? to demand, we for, soflect, or make any compromise w settNntatt lit deans
daslraDA veldt uhrastoa to else CdhterN;and le) w take posassion or control of any proceeds of Co11aUrM. •
Me detest ex ornision on tM part of 8snk in exercising arty right herwnder shalt operas es a waiver of such right or of any other right undw thfs rtoM. No
t:liaivar or NtaaRton shalt be binding On Bank untea in a writing signed by an suthoriiad Bank office, and then Doty to the extent spaeifieally sat forth therein.
Presentment, darttand, protest anti notip of dishonor, are hereby vwived by each and wary OW i9or, The taking of s renewal nos without the sigttatisre of sett'
maker or endorser liable on this note shell not be cleaned s peymertt o. discharge of this obligation and der liability vested tierwttdar shall wntinw unW this
note a paid b full. TM Obligors, jointly end severally, promise end agra to pay ell costs of collection, irtdtding sttornays' sea equal to 10% of the amount -
fietatoad, ar atsM larger amounts es relay be rueanabie and just if tx>slecad by legs) propedenps of th an attorney at law, includitg appellate proceedirge.
• , . • The undenigrted adc receipt of a ooettttleted of this wog ow tills dates
~ 1015 Martinique Ave. , lit. Pierce, Fla. 33450 ~ ~ ~ ~ ~ ~ ~ ~E~u .
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600KJ~ PA~E~~ Genecvieve Taylo - _ -:Fi..
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