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HomeMy WebLinkAbout2957 S l,,!' Southeast Bank Consumer Loan Note and Security Agreetnef~t (Chapter 65b, f.S.? first National Bank ofFt. Pierce Fla tArhfyra) (r;e ~vcrds m~ and my meant a borrower and anyone else w o stgns. hs words you an your re er to the outheast 8at~k 1 ~hvwn above. ( i3~rrowsr's Name Williamj. & Patricia M. Hitts Address190 N. Caprona Ave. , pt. St. Luci©ace _5/9/80 r Tt,cs is the agreement that covers my loan with you. I understand that anyone who signs this agreement will tie legalty responsible I itogether and individually) for repaying the total amount owed, unless they are only scgning to give you a vafrd security interest: ; Tt,e interest rate on this loan is authorised by Chapter 656, Florida Statutes. ' Promise to pay. ep my loan. I promise to pay you the total of paym rite shown in Item t 1 below in 84 monthly instalments of 5.~~' - each.l'it begin making payments on ~tu19 y r . 19 ~ and twll continue to pay on the same day each month until the loan is paid in-full. 1'11 make payments in person or by mail at the ofttce yo.c specify. H era's a breakdown of my loan: Property Insurance. 1 wilt keep the propery securing tMs town t Amount I received S 6 L000 t 00 insured against loss or damage. 1 understand that t ma~/putchase this 2 Appraisal tee $ na insurance through you, iA which case the cost a?+e term wilt appear rn {For Real Estate loans only! ~ the loan breakdown IS A di 81, or from anyone else 1 choose E\tt>ex way, 1'N make the policy payable to you. 3 Recording fee S na If I don't keep it insured or pay premiums on time. you cctn pay them _ 1 4 Optional Credit life for me or cancel the poficy and get insurance elsewhere- It you do insurance S 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 ca3e 1 wiif pay for any insurance S premiums you advance with interest computed at an ANNUAL G StaTnp tax S 9.15 PERCENTAGE RATE of l f3%. 7 Other charges (explain) Right to prepay loan. f can prepay the entire balance of my loan at S na any time. If 1 do. you will refund a portion of the FINANCE 8 Property insurance ly\ow Wan?ium it brw\ced ehrouyh bsnkl CHARGE figured by the sum•of-the-digits method la commonly A. Flood insurance S na used formula for figuring refunds on instalment bans) aher first for months. deducting 525.00 or .5% of the total of payments (item 111. whichever is greater. But you won't refund any part of the B. Physical damage investigation fee or an amount of less than X1.00. na insurance S for months. late payments. If I haven't paid an instalment within 10 days of the 9 Amount financed 11 thru 8) S 6, 009.1$ date it's due, I'll pay a late charge equal to 5% of the overdue 1 o FINANCE CHARGE a 4, 016.25 instalment, but not more, than S5. made up of: , Collection costs. I'll pay any collection costs, including reasonable A. Interest S 3. ~ 06.25 attorney's fees. if you take collection action. B Investigation fee S 50_00 10 025 40 1 1 Total of payments (9? 10) . . S • Entire balance due. ff 1 Boil t pay an instalment on time or if 1 break ANNUAL PERCENTAGE RATE 16.01 96 one of my promises under this agreement. you can require me to pay t\OTE: The total of appraisal fee. if any. (Item 2) and the investigation the entire balance of my loan (less the refund of FINANCE - f~e ()tern 10-B) will not exceed 2% of Item 9. or 550.00 whichever CHARGE to which I would be entitled in the event of prepayment) ~~s:, at once without notifying me in advance- You can afso do this if 1: Credit Insurance. l understand that 1 don't have to take out credit life miss a payment on another debt 1 owe you: made mislead+ng insurance or credit disability insurance to qualify for this loan. But ii I statements on my application:'become involved in bankruptcy or .v.~nt, I can purchase this insurance through you, purchase it from insolvency proceedings: or die. „meone else I choose. or assign an existing policy. 1 want the :~surance checked below for the term of this Ioan_ Security. To protect you if 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 1 own. plus any proceeds. item 5. return premiums and rebates from any credit inwranee or inwrance on the property securing this loan. {also understand that this loan will Jvcnl credit fife insurance on Borrower's life and that of Co- be secured only by the collateral described bNow regardless of any Borrower (1) a e cost shown in item 4. security provisions that may appear in other loans 1 may have v?nth Borrower's /nl~,~' You. Signature 1 ! % (date) From the N.W. corner of the S.W.: of the N.W. Co Borrower (tl s gnacure quarter of the N.E. quarter of Section 29 Towt1- (date) _ ~~,5, ~ ra~g.p en Pa s* ~~rt1 u. -8g° 59_ minutes ~m - 50 seconds E. 124.23 feet to the point of Real Property. D (if checked here! 1 am giving you a separate 'Cross out one) { Mortgage- right Of way line Agreement Not to Encumber or Transfer Property 239.18 feet to a point nn the N. ro secure this loan on property located at: O wa g t erica run eg. m n, A tned.essoterK~meereetN~tY) 30 sec. West along said right-of-way line N Y^,u have already given me the required Notice of Right of Rescission. 292 , SS feet; thence North I deg. 12 min 12 sec o ~;nderstand this means 1 have three 13) business days to change my ~ ,rnnd and cancel this Ioan. 1 understand that you will start charging lying and being in St. Luci@ COUnty , Florida o~ r-~e ;merest on 19 m A !ditional agreements end provisions on reverse side. I have read r1N .xldrhonal agreements and provisions ort the reverse side of this r <rtre.rntent and 1 understand and agree to them. ~ ;7 I f this box is checked. is sgning this agreemenr only ~ ,o give you a valid security intea~s: and will have no personal legal responsibility on -the loan. I understand that this agreement, and if checked above, a document encumbering real property, contain all the terms and cond~ 'one covering my Ioan. If any part of either of them is unenforc ble, the remaining parts will remain valid. I've read is agreement and acknowledge that a fully completed copy of - was furnished tom fore 1 ~ i~/~~~/1 i ~ (seal) GG!-?~` (seal) William J 'Hills Patricia M. Hi s P~ (seal) (seal)