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DISCLOSURE NOTE FOR INSTALLMENT LOANS
F_ { :ter ~ ~l FLnk of F =t Pt ~rCd IA1 Amount Regivtd =
NK NAMe 181 Premium for Credh
life/pisability In:. S -Q-
~0~ Settth S{:th 5~~~3~t1tC P~ er[!n a Flpric~a lCl Documentary Stamps S '
OFFICE A D ESS (01 Olher Charges (tttmizt) ~C=
NOTE NO. GATED: _~nTi 1 ~ ~ , 1~~., lF) S
lGl t•Fi ~
ouE: Anr~ l 1 S , tf~?!1 _ (A, B, C, D, E, F) S
IN) Interest = r
PLACE: South Si]cth St _ } Ft . Pierce , FLORIDA ul Loan Fee s -
IJI other S -
For value received, the undersigned (ttereirwfter called "Maker") Jointly and severally (if IKI S.
more than orsel promise to pay to the ordlr of tf?e Bank, at its office listed above, the Toul
of Payments (from lNl at right) of 5~~~ lil - r't~~) ~IXpayable in ILL S
equal monthly installments of =1T~ - 4Z ,the first lMl FINANCE CHARGE
q ~ IH, t, J, K, L) S 1~ ~41~ -40
~nstaltment due on 1~iA~ lei ~ , 19.fit1(., and wbsequent installments due on INI Total of Payments IG + MI S 21.E G1 t7 _ 47
the~day of each month thereafter, ANNUAL PERCENTAGE RATE I S 1 ~4 %
5 DUE . 19 .
The Bank shall impose a delinquertey charge sgairKt the Maker on any payment which has become due and remains in default for a period in exceu of 10
clays 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 maximum legal rate allowed under the law. All payments made hereunder shall be credited first to interest and then to
principal, however, in the event of default, the Bank may, in its sok discretion, apply any payment to interest, principal ardlor lawful charges then accrued.
It is the intention of the parties hereto that the provisions herein shall not provide directly Or indirectN for the paYrnent of a greater rate of interest or the
retention of any other charge than is allowed by law. If, tw any reason, interest in exceu of such legal rate w a charge prohibited by taw shall at any time be
paid, any such excess shall either constitute and be treated as a payment on the principal or be retunded directly to the Maker. The Maker may prepay the en-
t~re unpaid balance of the loan at any time. It the loan is prepaid in full, accelerated or refinanced, the Maker shall receive a refund of the 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 =15.00.
CREDIT LIFE AND CREDIT LIFE A DISABILITY INSURANCE ARE VOLUNTARY ANO NOT REt2U1RED FOR CREDIT. Such inwrance coverage is
mailable st the cost designated below for the term Ot the aedit: fa) S for Gedit Lite Inwrance Ib) S
for Credit Life 8 Disability Inwrartce: ~ _
Check ? Gedit Lite Insurance is desired oo the life of Birthdate
Appl. ? Gedit Life 8 Disability Insurance is desired on Birthdate
Box ? Gedit Life and/a Disability trtwrance is not desired. ~ ~EO tt 4809
Gate: Signature j~Signature
AFTERACOUIREDPROPERTYI1MlltESUd1ECTTOTHESECURITYINTEREST ~~INDEtTEDNESSISSECUREOlYAMYSUCHPROPERTY,ASFOLLOINS:
!Maker hereby grants to Bank a security interest in the pr i ace below and in all other property of Make? now or hereafter in _
Bank's possession, and such security interest shall also secure all other liabilities of Maker to an ether primary, secondary, direct o_ r contingent, present
c- future. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below.
Tae Soutii 25 feet of Lot y , 3:.c r1I of :o~g 1~ a.~.~ 11, nlot:ic 2 . ;Testsaood
i'tHIlOZ'r OE'r t.lf1~. ~?.r2r°t~f C+~i file ''lpt :GOY j? ~`?-C.'. Lv, rli:uli.C ~COl'C13
of SC . Lt:ci~ :.OU"i1L'~t r i lar2:11.
If 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
may obtain such coverage from any agent, broker or inwror acceptable to the Bank_
It is jointly artd severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party to this note (all of whom are
hereinafter fo? brevity rolled Obligor or Obligors) that:
Bank shall exercise rcesonable care in the custody and preservation of the Collateral and shall be deemed to have exercised reasonable care if it takes such
f action for that purpose as Maker shall reasonably request in writing, but no omission to comply with any request of Ma!rer shall of itself be deemed a failure to
j exercise reasonable care. Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, calls, convey-
( soon, exchanges, offers, tenders or similar mattdn 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
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 transfer at any time to itself ar to its nominee any Collateral and to receive the income thereon and hold same as security heretor, 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 if the Bank deems itself insecure, the entire unpaid
3€ 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-
d~ately due and payable: (al failure of any Obligor to perform any agreement hereunder or to pay in full, when due, an?y liability whatsoever to Bank or any in-
stalment thereof or interest thereon; Ib1 the death of any Obligor; Icl the filir?g of any petition under the Bankruptcy Act, or any similar federal or state statute,
by or against any Obligor; Idl an application for the appointment of a receiver .for, the making of a general assignment for the benefit of creditors by, or the
insolvency of any Obligor; le) the entry of a judgment against any Obligor; (fl the iswing of any attachments or garnishment, or the filing of any lien, against
any property of any Obligor; Igl the taking of possession of ar?y wbstantiat part of the property of any Obligor at the instance of any governmental authority; .
Ihl the dissolution, merger, consolidation, or reorganization of ar'y Obligor-, lil the determination by Bank that a material adverse charge has occurred in the
financial condition of arty Obligor from the conditions set forth 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
Obligor (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 assignment by
any Maker of any equity in any of the Collateral without the written consent of Bank; Ikl tailure 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 or is of a type customarily sold on a recognized market, Bank will give Maker yea- .
sonab~e 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 shat)
be met if such 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 sale. 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 w.ptus, but Bank shall have the right to apply al! or any pair 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 relieved of all duties and responsibilities hereunder and relieved f?om 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; Ib) to transfer the whole or any part of rho Collateral into the name of itself or its nominee; Ic) to notify the Obligors on any Cdlat-
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 le) to take posseuion or control of any proceeds of Collateral.
No delay a omission pa 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 unless 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 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 payment 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 1096 of the amount
t~nanced, or 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.
115 South 33rd Street ~k/i ai,
Address 1 - r•-{ (SEAL)
Fort Pierce, Florida /~k,~~
Address n ~ y (SEAL)
. _ s~K3~'9 P~~E 555