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Home My WebLink About1846 1 ~ rya •-_r _ _ • r-,• _ - ,t, i•. _ ! -"i~{•~if1 a'il ~ tai--1;{:.: ti.~_ !li..._ a; .'--!~i•-•i~i~~ ~1''•-' .=•1(!'=-;: =~~I;:~t~t:~'i,',~!1•,_;iit~,',~• _ DISCLOSURE NOTE FOR INSTALLMENT LOANS' - ~ -•t` - -r - !`First Najtienial Bank~o~~Ft_Pi~cce ~ ~ - fA) Anw~nrR.c.i,,,ei`: 2, OS 000 . 6ANK NAME ~ IB) Premium for Gadit ~ • = ~ i,---- _ _ _ - uf./tz:aba,ty Ins. - Z58.9Z -:P_~_ Box~9~0,,,,Ft_Pierce. -Fla_ 33450 - - tc) ooer,m.narysan>p,'. :s_ 4 20 _ _ - ~ - OFFICE ADDRESS _ - (D) other Cha.gee IiternizrZ) . _ ~lohe . - _ April 17 - .19 80 : snnn~. . NOTE NO. - - ~ - OATEO: IF) s none - - IG) Amarnt Financcd - DUE: - April l7 - - tg 83 • - lA, B, C. D, E, F) .763.12 - - - - _ - - - - ~ ~ , IN) Interest - _ ~ S $12 • - Pt_ACE• Ft. Pierce, _ - - :FLORIDA dl lo.n Fee - -S ZO1Q0 , • t.,) oche. s hone - For valve reCe,vad, the u,dersigned Ir?ereinaltN called "Maker'') jointly and severally (if _ ~ • more than oMl promise to pay to the order of the Bank, at its olfrce listed above, rhr Total IK) S-npnL-+ - ot Payments (lrom (N) at right) of $3, 596.04 Oouan parable in _ 36 tl) s 11n1]E equal monthly installments of S ~~..$,Q ,the lust - IMI FINANCE CHARGE - - - ~nstaument des on May 17, , 19 80, arsd orb (H, 1, J, K, L) S-_ 8~,•,9~_~: - , segwnt insrallments due on (N) Total of Payments tG + M) S :3 ~ S 6 QQ ! thel~day of each month thereafter, eogether wi:h a FINAL BAIIOON PAYMENT OF: ANNUAL PERCENTAGE RATE 18.,~Q % s none _DUE none tg__.._. - _ - The Bank shah impose a deli 4 nquenry charge against the Maker-on any payment whirls has betoma due end remains in default for a period in excess of 10 _ . days in an amount pual to 596 of the payment in default. In the event that tM Note is not paid in Lull st maturity, all payments, whither principal, interest or ' otherwise, shall bear interest at the maxinwm t rata aNowsd under the law. All ~ egal psymersts made hereunder shall be uedited first to interest and then to principal, however, in tIN event of default, the Bank rnay, in its sole discretion, apply any payment to interest, principal end/or lawful charges than accrued. , Ic is the intention of tM parties-hereto that tM provisions herein stall not provide directly or indirectly for the payment of a greater rate of interest orthe - retention of any other charge than is allowed by law, It, for any reason, interest in excess of wdt legal rata o. a clsarga prohibited by law shall at arty time be pa;d, arty such axtxss shall either constitute and be treated as a payment on the principal or Ot refunded directly to the Maker. The Maker may prepay the en• tare unpaid batand Of the loan at any time. If tM loan is prepaid in full, accelerated or refinanttd.tlN Maker shall receive a refund of tM unearned portion of the interest and inwrance premiums computed by tM Rule of 78's nsethod, except that the Bank shell be entitled to retain a minimum interest rlsarge of 515.00. CREDIT LIFE AND CREDIT LIFE ~ DISABILITY INSURANCE ARE VOLUNTARY AND NOT REOUIREO FOR CREDIT. Such inwrance coverage is available at the cost designated babes for tM farm Of tM uadit: cal S - - for Credit life inwrance Ib) S 2 58.92 for Credit Life 8 Disability Inwrsnce: checCradit Lite lnswarlce is desired on the life of Tanice M. DUrderi Birthdate 2/26/51 - Appt.~~radit life ffi Disability Inswarsu is desired on Arthur L • Durden Birthdatc _ l0 7/4 3 . Box ?Credit Lifasnxi/a Disability Iraursnce is aged. / _ Date: April l7~ 1980 Signature S 1f/ . gnature A~TERACOUIREOFROrERTYwIll6ESUdJECTTnTHESECURiTYf TERESTANOOTHERORFUTUREINDEBTEDNESS CURED BY ANY SUCHFR0IERTY,ASFOt.IOtdIS: 'i Maker hereby grants to flank a security interest in the property, if any, described in the space below and all other property of Maker now or hereafter in Bank's possession, end such security interest shall also secure ell other liabilities of Maker to Bank, whether primary, secondary, direct or contingent, prtsent or future. The aforesaid security interest excludes the Makers primary residence unless said primary residence is described below. k Second Mortgage - - Lot 15, Block 6, Pinecrest Estates Unit One, a Subdivision according to the Plat thereof a s recorded in Plat Book 16 at page 34 of the public records of st. Lucie County, Fla . If the Bank requires the Maker to obtain insurance coverage against loss or damage to the collateral securing the Makers indebtedrsess to the Bank, the Maker may obtain such coverage from any agent, broker or inwror acceptable to the Bank. It is jointly and severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party to this note tall of whom are hereinafter for lxevity called Obligor or Obligors) that: Bank shall exercise reasonable are in the custody and preservation of the Collateral and shall be deemed to have exercised reasonable care if it takes such - action for that purpose as Maker shall reasonably request in writing, but no omission to comply with any request of Maker shall of itself be deemed a failure to exercise reasonable care. Without limiting the generality of the foregoing, the Bank shall have no responsibility for ascertaining any nsaturiY,es, calls, conver- sion, exchanges, offers, tenden or similar mattlrs relating to any of the Collateral, nor for informing the undersigned with respect to any thereof. Bank shall not be bound to take arty steps necessary to preserve any rights in the Collateral against prior parties, acid Maker shall take all necessary steps for such purposes. Bank Gr ins nominee need not collect interest on or principal of any Collateral or give any notice with respect to it. Right is hereby expressly.grsnted to the Bank at its cption to transfer a[ any lima to itself or to its nominee any Collateral and to receive the income thereon and hold same as security herefw, or apply it on thr prirxipat or interest des hereon or des on any liability secured Mreby. 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 talents 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 des and payable: la) failure of any Obligor to perform any agreement hereunder or to pay in full, when due, any liability whatsoever co Bank or any in- • staiment thereof or interest thereon; lb) the death of pY Obligor; (c) the filing of any petition under the Bankruptcy Act, or any similar federal or state statute, by or agairut any Obligor; (d) an application for the appointment of a receiver for, the making of a general assignment for the benefit of creditors by, or the ;nsolvency of any Obligor; le) the entry of a judgment against any Obligor; If) the iswing of any attachments a garnishrr?ent, or the filing of any lien, against any property of arty Obligor; tg1 the taking of possession of any wbstantial part of the property of any Obligor at the instanu of any governmental authority; (h) the d,ssolution, merger, consolidation, or reorganization of any Obligor; (i) the determination by Bank that a rrsaterial adverse C~sarsge has occurred in the financial condition of arsy Obligor from the conditions set forth in the most recent financial statement of wets Obligor heretofore furnished to Bank, or from tt;e 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 conneytion with this note or the loan ev_ idenced by this note is not true; (jl the assignment by any Maker of any puity in any of the Cdlateral without the written consent of Bank; Ile) 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 inwrar?ce on the due date without benefit of tno race - 9 Period. Unless the Collateral is perishable or threatens to decline speedily in value or is of a type customariy sold on a recognized market, Bank will give Maker rea- sonable notice of the time and place of any public sate thereof or of the time after vvlsid? a private sale will be held. The requiremec?t of reasonable notice shall 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 rernrds of the Bank, at least ten days before the time of the sale. Upon disposition of any Collateral after the occurrenv 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 r,ght to apply all or any part of such wrplus for to hold the same as a reserve) against any and alt 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 bs exercised at any time whether or not this note is due: la) to pledge cr 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 respaer to any Collateral so pledged or transferred, and any pledger or transferee shall for all purposes stand in the place of Bank hereunder and have all the ~~3hcs to Bank hereunder; (b) to transfer the whole or any part of the Collateral into the name of itself or its nominee; (c) to notify the Obiigars on any Collat- 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 (e) to take possession or control of any proceeds of Collateral. _ Na delay or omission on the part of Bank-in exercising any right hereunder shall operate as a waiver of wch right or of any other right unde+ this note. No r.aiver or alteration shall be birsr/ing 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 mater or endorser liable on this note shah not be deemed a payment or discharge of this obligation and the liability ueated 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' tees squat to 1096 of the amount t~nanced, or such larger amounts as may be reasonable and just it collected by legal proceedings or thro attorney at law, including appellate proteedings- The undersign acknowl recei r of a completed copy of this note on this date. add.e::_ 3103 Terser Ct. , Ft. Pierce, F1a.33450 ISEAI) Art r L. Durden Address (SEAI) anice M. DuEden Bc~ix3~ Pa~~.844 -