HomeMy WebLinkAbout0835 JDYRICAi~ Ddllti t.viuv+ncr wan rwac u+w .ica.u.¦a~ ••D•••••• t ~ ,
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~p~{ First National Bank ofFt,Pierce_~ Fla.
tArtn;st~i
tie words 1, ms and my
mean ttte borrower and anyone else who signs. The words you and your refer to the Southeast Bank
;;nown above.
ftorro~r.er's_Name Fra_n_kli n L. & Arr~belle P. DawsonAddress5210 Buchanan Dr. , Ft. Pierce, Fa .Date 5/18/80
n:s i.; the agreement Irta: covers my loaa with you. I understand that anyone who signs this agreement will be 1ey311y raspunsible
~t:~q~:her and inc+ividualiy) fnr ropaying the total amount owed, unless they are only signing to give you a valid security interest.
T rya mterest rate on this loan is authuriied by Chapter 656. Florida Statutes.
f'romisa to pay. To re ay my loan. 1 promise to pay you the total of payments shown in Item 1 1 below !n 60 -monthly
instalments of $ 344.70 each. I'll begin making payments on June 12, , tg 80____a;,d will
c~niinue to pay on the sarrtie day each nz~mth until the loan is paid in full. I'll make payments in person or by mail at the otnce
?-ire's a braa•~own of my Latin: Property Insurance. 1 writ Keep the property sPcu:ing ttrrs loan
Amount I reCaivrd - $ 14 ~000.OU_ insured against loss or damage. 1 understand that f may purchasd this
Appraisal fee S.~_ insurance through you. in which case the cost and term will appear in
lFo: seal Estate Loans only) the loan breakdown lit A & BI, or from anyone else 1 choose. Either
~vay. I'll make the po::cy payable to you.
3 f'ecording fee . 5 na If I don't keep it insured or pay premiums on time. you can pay them
. n. Optional credit life for me or cancel tt+e policy and yet insurance elsewhere. IF you do
insurance . . . . . $ na purchase such insurance elsewhere. you can select insurance which
5 Optional credit disability protects only your interest in the collateral or which protects my
na interest and your interest. and in either case 1 will pay. for any
insurance S premiums you advance with interest computed at an ANNUAL
5 Statnp tax . S 21.15 PERCENTAGE RATE of 1896.
7 Other charges (explain) '
Right to prepay loan. 1 can prepay the entire balance of my loan at
$ na any time. If 1 do. you will refund a portion of the FINANCE
8 Property inSUfanC@ Ishowpremwm it Irnariccd thrixyA bank) CHARGE figured by the sum-of-the-digits method (a commonly
A Flood insurance........ $ II used formula for figuring refunds on instalment loans) after first
for months. deducting S25.00 or .59t, of the total of payments (item 11?.
whichever is greater. But you won't refund any part of the
B. Physical damage investigation fee or an amount of less than S1.00.
. na
insurance S
for - months. 14 021 1 S Late payments. If 1 haven't paid an instalment within 10 days of the
9 Amount financed (1 thru 8) . - - - - - - • - - - - - $ ~ date iYs due. I'll pay a late charge equal to 5% of the overdue
10 FINANCE CHARGE $ 6, 660.85 instalment. but not more than S5.
made up of: Collection costs. I'll pay any collection costs. including reasonable
A. Interest $ 6.610.85_
- ~ - ~ ~ attorney's fees. if you take collection action.
B. Investigation fee S SO_ 00
t t Total of a ments l9+ 10) $ 20 X82 - 00
p y 16 $0 Entire balance due. If 1 don't pay an instalment on time or if 1 break
ANNUAL PERCENTAGE RATE % one of my promises under this agreement, you can require me to pay
~i O i E: The total of appraisal fee, if any. (Item 2) and the investigation the entire balance of my loan (less the refund of FINANCE
r» ;tram 10-e1 will not exceed 2% of Item 9, or S50.00 whichever CHARGE to which 1 would be entitled in the event of prepayment)
t,s at once without notifying me in advance. Yptt can also do this if 1:
Credit Insurance. I understand that I don t have to take out credit life miss a payment on another debt 1 owe you: made misleading
n:urance or credit disability insurance to qualify for this Ioan..8ut if I statements on my application: become involved in bankruptcy or
I'~ :vent. 1 can purchase this insurance through you. purchase it from ~ insolvency proceedings: or die.
someone else I choose, or assign an existing policy. I want the -
~~>>urance checked below for the term of this loan: Security. To protect you it 1 fail to repay this loan, I give you as
Credit life insurance on Borrower's life alone at the cost shown in collateral a "security interest 'under the Florida Uniform Commercial
item 4. Code in the following property along with any replacement parts.
Credit disability insurance.on Borrower alone at the cost shown in additions or equipment attached to it which I own, plus any proceeds.
item 5. return premiums and rebates from any credit insurance or insurance
on the property securing this loan. 1 also understand that this loan will
Joint credit life insurance on Borrower's life and that of Co- be secured only by the collateral described below regardless of any
~ iorrower (1) at the cost shown in item 4. - security provisions that may appear in other loans 1 may have with
E3 r rower's you. -
gnaturg
(date) RF. T.ots 13 & 14 Block 4, INdian Riv_ er Estates _
~o-Borrower (1) '
mature
- (date) Unit #1, Plat Book 10, Pages 43, St. Lucie
q
Real Property. ? (if checked here) 1 am giving you a separate COUntY, Florida__ a
.:-,,;s out one) {Mortgage =
Agreement Not to Encumber or Transfer Property
=_ecure this loan on property located at: - rv
m
(Address of entumberad Pn>FesrM
c~~~ have already given me the required Notice of Right of Rescission. m
~:ndarstand this means t have *hree 13) business days to change my ~
r-~ cd and cancel this loan. 1 understand t:iat you will start charging
~r~ mterest on 19
ditional agreements and provisions on reveres side. 1 (rave read ~
tr~q crcrlitronal agreements and provisions on the reverse side of this v
l , -..,~mrni and 1 understar:rt and agree to them.
is signing this agreementonly- r"
` - ; I ~ tn~s hox is checked.
ie you a valid security interest and will have no personal legal responsibility on 'the loan.
! understand that this agreement. and if checked above. a document encumbering real property, contain all the terms
ar;d conditions. covering my loan. If any part of either of them is un~ fining parts will remain valid. I've
read this agreement and acknowledge that a fully completed copy%f it was furnished to me or 1 signed it.
_ (seal) (seal)
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