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Home My WebLink About1197 Sottthsast Bank Consumer Loan Note and Security Agreement (Lhapter 65b, F.S.I sc.,,thaast First National Dank of_Ft. Pierce . _ Fla _ _ IAwc,arr• _ ra words me and my mean the borrower and anyone else who signs. The words yoti and your re er to the Southeast Bank .w+~ shove. -:mower's Name Richard G. & Carole D. Traynor Address 908 Pine Dr. , Ft. Pierce, Fa . p,,7,/2/80 h+s +s the ayreement that covers my loan with you. 1 understand that anyone who signs this agreement wlll be t.~gatly responsible i:ugether and individually) for repaying the total amount owed, unless they are only srynrng to give you a v:rL~1 sccunty interest. f..; mt2-est rate on this loan is authorized by Chapter 656. Florida Statutes. i'ro+nis-+ to pay. Tor Pp, a my loan. 1 promise to pay you the total of payments sho n in Item 1 1 below In 72 monthly ;,~,~;,;,,;=nts of S 1~1.~/4 each. I'll begin making payments on Aug• . 19~~_~_and wlli ~~;,+:~r~uP to pay on the same day each month until the loan is paid in full. 1'll make payments ut person or by m;ut at the office ~ uu ~psc,fy. Here"s a Breakdown of my loan: Property Insurance. t will keep the property securing th,s loan 1 Amount I received $ 10 • 000.00 insured against loss or damage 1 understand that 1 may purchase this Appraisal fee . $ ria insurance through you. in which case the cost and term wdl appear m t For Real Estate loans only) the loan breakdown 18 A dr 81. or from anyone else I ctiaose Ether ' way. 1'll make the policy payaole to you 3 Recording tee $ na If I don't keep it insured or pay premiums on t,rr?e. you can pay them Optional credit life for me or cancel the policy and get insurance elsewhere. It you do +nsurance $ 621.24 purchase such insurance elsewhere. you Can select insurance whrth 6 Optional credit disability protects only your interest in the collateral or which protects my na interest and your interest. and in either case f will pay for any insurance $ premiums you advance with interest computed at an ANNUAL 6 Starnp tax S 16.05 PERCENTAGE RATEof78% 7 Other charges (explain} Right to prepay loan. 1 can prepay the entire balance of my loan at $ )Rd any time If 1 do, you will refund a portion of the FINANCE B Propxrty insurance (show premium if t+narxed thrd,gA bantJ CHARGE figured by the sum•of-the-digits method is commonly <; Flood insurance - . 5 r+a used formula for figuring refunds on instalment loans{ after first for months. deducting S25.00 or .59L of the total of payments (item 1 1). 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 $ for months. late payments. If 1 haven't paid an instalment within tO days of the ~ :;r;,ount financed (1 thru 8) 5 10.637.29 date it's due, I'll pay a late charge equal to 59G of Lhe overdue 0 FINANCE CHARGE $ 3.167_99 instalment. but not more than S5. made up ot: 3 117 99 Collection costs. 1'11 pay any collection costs, including reasonable A. Interest $ • -attorney's fees. if you take collection action. E. Investigation fee S SO _ UO _ 1 1 Total of payments (9? 10) 513 ~ 805. 28 Entire balance due. If 1 don't pay an instalment on time or if 1 break AN,~IUAL PERCENTAGE RATE - 9.Q1L_% one of my promises under this agreement, you can reruire me to pay :OTE: The cola{ of appraisal fee. if any, (Item 2) and the investigation the entirz balance of my loan (less the refund of FINANCE ~N (l;em 1G-B) wilt not exceed 2% of Item 9, or S50.00 whichever CHARGE to which 1 would be entitled in the event of prepayment) '°'~5 at once without notifying me in advar:ce. You can also do this if 1. (:redit 7r*surance. I understand that I don't have to take out credit life miss a payment on another debt 1 owe you: made misleading ~~~urance or credit disability insurance to qualify for this loan. But if I statements on my application: become involved in bankruptcy or .;:•n*. i can purchase this insurance through you, purchase it from Insolvency proceedings: or die. ~r.-eone case 1 choose. or assign an existing policy. 1 want the ~.r,~;;;r9ncA checked below for the term of this loan: Security. To protect you if 1 fail to repay this loan. I give you as ;<_ti,~~rsd~t hfe Insurance on Borrower's life alone at the cost shown in collateral a "security interesC' under the Florida Uniform Commercial ';em 4. Code in the followin g property along with any replacement parts. Cred+t disability insurance on Borrower atone at the cost shown in additions or equipment attached to it which I own, plus any proceeds. •t~m 5. return premiums and rebates from any credit insurance or insurance on the property securing this loan. 1 also understand that this loan will 'Dint credit life insurance on Borrower's life and that of Co- be secured only by the collateral described below regardless of any Borrower 11 t the cost shown in item 4. security provisions that may appear in pther loans 1 may have with t ~nnvvor'S ~ ~ ' O yOU. j I' J ~rUrg ,Richard G. T r no / dated Second Mortgage: Easterly 40 feet of Lot 33 t -dorrowst (11 'r?3IUre (date) and the Westerly 40 feet of Lot 32, lying and ~ _ . :{~~+'?rope?ty. l7 (if cnscc-~+ere} I am giving you a Separate _being in Block 3, of Wagner Subdivision as der Q ( MOrtclaga ~ _ - :,t one! Agreemer•* _t to Encumber ar Tlansfer Property plat thereof on fiel in Plat Book 9 , page 74 •:~~r~ this loan on pro;,e~v }ocated at: a m I - tArta~essol_:..a-rrerenc~•op.~rrr1 of the public records of St, Lucie County, Fa. a:rAady given me the required +Jotics of Right of Rescission. ~ ~~t~r,d this means I have tree i31 business days to change my - - _ ~ 1 c~r:r•al !his loan I understand that you will sta•t charging - ?o .c:;;+ona? agreements and provisions on reverse side. 1 have resit. N . - ~ ' :~•+cn.at agreements and provisions on the reverse side of thas ~ r,-.r;t ~r~~rf I understand and agree to Them. ~ ~ ` !~nr is cfieCked, is >i.,nmg this agraem~r.! only 'n j . ~ ur: valid serunty interest and will have ro personal legal respons,biiity un the loan. :-~rs.3nd :hat chi; agreement. and if checked abovs, a document encumbering real prol;elty. contain ail ;ns terms ~.--ru~t.on5 covsr,ng my loan. If any part of ~rlther of th?m is t:nenforceabte. the rema,rnr..? Darts will rsmain vafid :'v~ ~ - ~ ;,Gj~ament and acknowfedc~A that a fully completed copy of ii as furnrshecf to me before 1 s',~nrd it - ~ ~ i - Isr-aq ~t ' ~G: (seal) + Kic.~iard Tra or ~acole raynor ~ - - - - (seal} - nrvir~ n:rs~ ti9dl)