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Home My WebLink About0757 ~ i•:°1 I 't i t{i-=;t{t = ;i,l;~,ii .~•,t{tr-I[t~ll! t i. ~'i t'==' I{~_ ~.;I[I~i[i ` I(l ~ t[l~rl[t~ I{(;::,![I-=•1{t .:1[I ~ ii { :=y ` - x ~ s :~t~ .t,,:_'1~t•''~!11-llfti:~ ti:.•.-:+li.~.lS1=a=1~1~ •:lt'~rt; ~:Fit:i_;?~_ T :lt. ~,r;"--i~i~: tf DISCLOSURE NOTE FOR INSTALLMENT LOANS ~ •r•, ;i'•;• . First National Bank of Fort Pierce ~ - - ~ = ~t~- IAl Amount aaeiv.d • - s 4x620.00 BAnK NAME (B) Premium for Gtdit _ _ _ ,Lift/Oisabihty Ins. s none P.O. Box 970, Ft. Pierce r Fla•. ~ 33450 ~ - - ~ ICI oowmtntsry Starnpi s~ 7.05 OFFICE Rootless _ _ 101 OtMr Charye: lit.mi:al - i _ nOnQ- { ~ IEl S NOTE NO. OATEO: • March 11 . 19 80 : IFI s_ none _ ~ ~ - IGI Amount Financed DuE: April . - , 18~. IA, B, C. O. E. FI S 7 OS _ IHI Interns _ S - - ~ • PIACE• Pi@rce ,FLORIDA. f11 Loan Fee t 2Q.00 " . fJl Other s )'lOne Fo. value received, the undersigned IhNeinsftN called "Mskei'1 jointly acrd swerally (if IKI s t'1CIn@ more than oM1 promist to pay to the order of the Bank, at its olfin listed about, tM Total of Psrrnenri (from IN) at right) of $ s . 50 ti • $8 Ootlars payable in 9 6 Ill S nppE+ ~ _ _ equal monthly installments of S 67.78 , tM first lMl FINANCE CHARGE (H, 1, J, K, LI s- 1 • ~79. 83 rnstallmer+t dw on May 8, ~ 19 , and wlxequent installments dw on (N) TOW of Payments IG * M) S 6 • X01) . $8 the 8 clay of each month tMreafter, together with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE 9.00 s ,none DUE. none .19 The Bank sMq impose a delinquency Marge against tM Maker on any payment which has besonrt dw end rsnrains in default for a period in exotss of 1Q days in sn amount peal to Jrlfi of tM payment in default. In the avant that tM Note is not paid in full st maturity, all payments, whether principal, interest a otherwise, shall bear interest at tM maximum legal rats allowed under tM Isw. Alt payments mode hereunder shell M credited first to interest and then to principal, however, in tM avant of defwlt, tM Bank may, in its soN disuetion, apply airy payment to interest, principal end/or lawful Margas tMn aouued. It is the intention of tM parties Mreto that the provisions herein shall not provide directly or indirectly for the payment of s grater rate of interest or tM reception of any other Margo than is allowed by law. li, for any mason, interest in excess of such legal rate or a charge prohibited bylaw shall st any tirr?e be paid, any such excess shall either constitute end be treated as a payment on the principal or be nfurrdsd directly to tM Maker, TM Maker may PreWY the M- tire unpaid balance of tM loan at any tint. If tM loan is prepaid in full, atxeleroted or nfinsnnd, tM Msksr shall revive a rotund of the unearned portion of the intarnt and inwrsnn premiums computed by tM Rule of TB's rtrethod, rixcept that tM Sank shall be entitled to retain a minimum interest charge of =l li`00. CREDIT LIFE ANO CREDIT LIFE 8 DISABILITY INSURANCE ARE VOLUNTARY ANO NOT REQUIRED FOR CREDIT. Such irrwrsnq Coverage is available at the oat designtted below for the term of tM Credit: (al S for Gedit Life Inwrann Ibl s for Credit Life A Disability Inwrsnn: - Check ? Gedit Life Irrw.ann is desired on tM life of Birthdatt Appl. ? Gedit Life ~ Disability Irutt?arrce is desired on Bi.thdate Box ~redit Life and/or Disability Inwrann is no in Date: Mardi ll ~ 1980 Signatwe .~Signacurc A1: TER ACOWREOPROPERTYINILI 8E SUt1ECTTOTHESECUAITY INTERESTAND OTHEROR FUTURE INOE~TEDNESSISSECUREDlY ANYSUCN PROPERTY, AS FOllO'WS: Maker hereby grants to Bank a security interest in tM property, if any, destr:bed :n tM space below and in all other property of Maker now or Ireresfter in Bank's possession, and suM security interest shell also securo all other liabilities of Maker to Bank, whether primary, secondary, direct or Contingent, present o~ future. The aforesaid security interest excludes tM Makers primary residence unless said primary residence a desu:bed below. Pinewood Subdivision Block 24 W2 of Lots 20 and 21 If the Bank requires the Maker to obtain inwrance coverage against loss or damage to the collateral securing tM Makers indebtedness to the Bank, the Maker may obtain such coverage from any agent, broker or inwror acceptable to tM Bank. . It is jointly end severally covenanted and agreed with tM Bank by each Maker, endorser, surety, gwrsntor, and other party to this note loll of whom ere hereinafter for brevity called Obligor or Obligors) that: Bonk shall exercise reasonsbb care in tM custody and preservation of the Collateral and ihall be deemed to Mve exercised reasonable care if it takes suM action for that purpose as Maker shall reasonably request in writing, but no omission to comply with any request of Maker shall of itsN(be deemed s failure to exercise reasonable care. Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any maturities, calls, conver- j Sion, exchange, offers, tenders or similar matdrs relating to any of tM Collateral, nor for informing the undersigned with respect to any thereof: Bank shall cwt f 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 suM purposes. Bank j or its nominee need not collect interest on or principal of any Cdlateral or give any notice with respect to it. Right is hereby exprKSly granted to the Bank at its option to traMfK at any time to itself or to its nominee any Collateral and to receive tM income thereon and hold same as severity herefor, Or apply it on tM principal or interest dw hereon or due on any liability secured hereby. j Uoon the hsppanirg of any of the following events, eaM of which shall constitute a default hereunder, or if the Bank deems itself insecure, the entire unpaid ! balance of this note and ail other liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, without notice or demand, become imrrre- diately due and psyabhs: lal failure of any Obligor to perform any agreement hereunder or to pay in full, when due, airy liability whatsoever to Bank w any in- stalment thereof or interest thereon; (b) the death of any Obligor; (e) the filing of any petition under the Bankruptcy Act, or arty similar federal or state statute, by or against any Obligor; ldl an application for tM appointment of a receiver for, the making of a general assignment for tM benefit of creditors by, or tM insolvency of any Obligor; lel tM entry of a judgment against any Obligor; Ill the iswirg of any attachments or garnishment, or the filing of any tier, against any property of any Obligor, lg) the taking of possession of any wbstantiat part of the property of airy Obligor at the instance of any governmental authority; (h) the dissolution, rtrerger, consolidation, or reorganization of any Obligor; lil the determination by Bank that a material adverse change has occurred in the financial condition of any Obligor from tM conditions set forth in the most recent financial statement of such 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 or the loan evidenced by this note is not true; (j) the ast:grrrrtent by any Maker of any equity in any of tM Collateral without the written consent of Bank; (kl failure to do all things necessary to preserve and maintain tM value tt and collsccibility of the Collateral, including, but cwt limited to, tM payment of taxes and premiums on pdicies of irrwrann on tM due date without benefit of t the grace period. Unless the Collateral is perishable or threatrrs to decline speedily in value or is of a type customarily sold on a recognized market, Bank will give Maker rca• scnable notice of tM time and place of any public sale thereof Or of tM time after which a private sale will ere held. The requirement of reasonable notice shall . be met if suM noon is mailed, postage prepaid, to any Maker ac tM address given below or at any other address shown on the records of the Bank, at least ten days before tM time of the sale. Upon disposition of any Collateral after the ocverrence of any default hereunder, Obligors shell be acrd 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 ftotd tM same ss a reserve) against any and all other liabilities of each or any Maker to Bank. R Bank shall have, but shall not be limited to. the following rights, each of which may be exercised at any time whether or noE this note is due: la1 to pledge j or transfer this note and the Collateral, whereupon Bank shall be relieved of all duties and responirbilities Mreunder acrd relieved from arty 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 Mreunder and have all tM s r ~ghts 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 tM Obligors on any Collet- eral to make payment to Bank of any amounts due or to become due thereon; (dl to demand, sue for, cdlect, or make airy compromise or settlement it deems desirable with referents to the Collateral; and (e) to take possession or control of any proceeds of Cdlateral. No delay or omission on the part of Bank in exercising any right hereunder sliatl operate ss a waiver Of such right or of any other right under this note. Nn waiver or alteration shall be birnling on Bank unless in a writing signed by an authorized Bank officer, and then only to the eaten[ specifically set forth therein. i'rtsentment, demand, protest and notice of dishonor, are hereby waived by each and every Obligor. The taking of a renewal note without the signature of airy 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 111% of the amount f,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 undenig atkno receipt of a nrpleted copy of this note on this date. <,;,~,.eu 342 Windward Lane, Apt. 205, Ft. Pierce ~ IsEALI Fla. 33450 e C 1H~• ` Address ISEALI amie M. Culbreth Bu~3~ PEE 757 c=wt ~c~ o... ~i~o