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HomeMy WebLinkAbout0642 - • ~ - • 1 . _ _ tae. • i QISCIOSURE NOTE FOR INSTALLMENT IOANS~ , First National Bank ofFort Pierce ~ IAI jAmount Received : 15 , 000.00 : RANK NAME IBl Premwm for Credit lifer/Disability Ins. t 214, 50 P.O. BOx 970, Ft. Pierce • Fla . 33450 ICI o«umentsry Stamps s 22, 95 OFFICE ADDRESS ID? Other Charges (iumizal. = none IE) t nnnp! NDTEiNO. 24-2892-9 DATED: March 19 ,19~. IF) = none Ic) Amount Financed 15, 237.45 • ouE: March .QS, .19 82 IA, B, c, o, E, F) s • IH) Interest t 2.550.87 PLACE: Ft. PierC@ , fIORIDA 111 loan Fee t 3n OD u) other s none I I ~ For glue reserved, the undersgned (hereinafter called "Makes jointly and severally lit more than one) promise to pay to the order of the Bank, at its oltiu listed above, the Total IKI j nnnP_ • Dollars payable in IL) s none _ i;i of Payments prom (N) at.ight) of S17 818 32 24 egwl monthly installments of S 742 _ 43 ,the first IMI FINANCE CHARGE 2 580 87 _ _ , IH, 1, J, K, L) Z • • ; installment dW on April 2 S , , 19 80, and wbsequent installments due on INI Total of Payments lG + M) S l7 . 818 . 87 the25 day of each month thereafter, together with a FINAL. BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE 15.50 % _ none DuE none ,19 The Bank shall impose a delinquency charge against the Maker on any payment which has become due and remains in default for a period in excess of 10 days in an amount equal to J~li 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, shell bear interest at the maximum legal rate allowed under the Isw. All payments made hereunder shall be credited first to interest and then to prirtcipsl, however, in the event of default, the Bank may, in its sole discretion, apply any payment to interest, principal and/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. It, for any reason, interest in exceu of such legal rate or a charge prohibited by law shall at any time be paid, any such exceu shall either constitute and be treated as a payment on the principal or be refunded directly to the Maker. The Maker may prepay the en- tire unpaid balance of titer loan at any time. It the loan is prepaid in full, accelerated or refinanced, the Maker shall receive a refurtQ of the unearned portion of fist interest and irtsurartce premiums computed by~ihe Rule of 78's method, except that the Bank shall be entitled to retain a minimum interest charge ot=15.00. CREDIT LIFE ANO CREDIT LIFE 8 DISABILITY INSURANCE ARE VOLUNTARY ANO NOT REQUIRED FOR CREDIT. Such inwrante toversge is available at the cast designated below f r the term of the credit: lal S 2l4 . 50 for Credit life Inwrante Ibl S for CredYYitvvlife~ pisability Insurance: ~14, 300.00 for 2 years Chadc ~l~~redit life Insurance is desired on the life of Bobby ~a. Eggert Birihdate 5/19/41 Appl, ? Gedit Life 8 Disability Insurance is desired on Birthdate Box ? Credit life and/a Disability Insurance is not desired. Data: March 25, 1980 Signature Signature AFTERACDUIREO?ROPERTtlWIIItESUlJECTTOTNESECURITYIN ERESTANDOTH R RFUTUREINOEBTEDMESSISSECUREOOYANYSUCH?ROIERTY,ASFOLLOWS: Maker hereby grants 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 Bank's pouession, 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 prinwry residence unless said primary residence is described below. Second Mortgage - - 'I Lots 19,20, and 21 Block 7 Kuhlman Subdivision, as per plat thereof on file in Plat Book 9 , page 55 of the Public Records of S±. Lucie County, Florida If the Bank requires the Maker to obtain insurance coverage against lou or damage to the collateral securing the Makers indebtedness to the Bank, the Maker may obtain such coverage from any agent, broker o? inwror acceptable to the Bank. i It is jointly and severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party to this note (alt of whom are hereinafter for brevity tailed Obligor or Obligors) that: Bank shall exercise reasonable care in the custody acrd preservation of the Collateral and shall be deemed to have exercised reasonable cafe if it takes sucr action for that purpose as Maker shall reasonably request in writing, but no omiuion to comply with any request of Maker shall of itself be deemed a failure to exercise reasonable tare. Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, falls, conver- i sion, exchanges, offers, tenders or similar mattirs 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 traMter at any time to itself a 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 any of the following events, each of which shall constitute a default hereunder, or it 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: la) 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; Ib1 the death of any Obligor; Icl the filing of any petition under the Bankruptcy Act, o. any similar federal or state statute. by a against any Obligor; Id) an application tot the appointment of a receiver for, the making of a general assignment for the txnefit of creditors by, or the insolvency of any Obligor; le) the entry of a judgment against any Obligor; If1 the issuing of any attachments or garnishment, or the filing of any lien, against any property of any Obligor; Ig) the takrrg of possession of any substantial part of the property of any Obligor at the instance of any governmental authority. - Ih) the dissolution, merger, consolidation, or reorganization of any Obligor; ti) the determination by Bank that a material adverse change has occurred in the financial condition of any 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 of the loan evidenced by this note n not true; Ij1 the augnment by 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 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 the grace period. Unless the Collateral is perishable or threatens to decline speedily in value a 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 shalt De rice[ r. such notice is marled, postage prepaid, to any Maker at the address given below or at any other address shown on :ne rKOroa vi the Bank, at least days before the time of the sale. Upon dispositipn 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. hoW 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 tollowirg rights, each of which may be exercised at any time whether or not this ogle is due: lal to pledge or 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 all the rights to Bank hereunder; Ibl 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; (dl to demand, sue for, collect, or make any compromise or settlement it deems desirable with reference to the Collateral; and 1e) to take possession or contiol of any proceeds of Collateral- _ No delay or omiuion on the part of Bank in exercising any right hereunder shall operate as a waiver of such right or of any other-right under this note. No waiver or alteration shall be binding on Bank unleu in a writing signed 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 eacA 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 thn 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 elf costs of collection, irtcludirg attorneys tees equal to 10Xi of the amoum financed, w 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. ~fe„ 216 Smallwood Dr. , Ft. Pierce, Fla. 33450 IsEAI) Y G " E99¢~ _ Address ~ ~ ll c t'• (SEAl1 Shei la Eggert = BOOKJK?O PAGE V`t~