HomeMy WebLinkAbout0975 .
southea>u bank - Consumer loan Note and Security Agreement (Chapter 656, F.S.)
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t ~ ~ ,Fla.
Southeast
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The words me and i»y mean the borrower an anyone a se w o signs. a words you and your re er tote outheast ank
shown etwve. -
Borrower'sNsme -~rnur- Address ? pate
Thrs is the agreement that covets my loan with you. I understand that anyone who signs this agreement will be legally responsible
itogether and individually) for repaying the total amount owed, unless they are only signing to give you a valid security interest.
Tl,e interest rate on this loan is authorized by Chapter 656. Florida Statutes.
Promise to pay. T repa.Y my loan. I promise to pay you the total of payments shown in Item 11 below in monthly
instalments oft ~ ' each.l'll begin making payments on " ~ . 19 ' ` And will
continue to pay on the same day each month until the loan is paid in full. I'll make payments in person or by mail at the office
you specify.
Here's a breakdown of my ban: Property Irsurance. I will keep the property securing this loan
1 Amount 1 received S ` • ' insured against loss or damage- 1 understand that 1 may purchase this
2 Appraisal fee 5 : _ - insurance through you, in which case the cost and term will appear in
(For Real Estate Loans only) ~ the loan breakdown (8 A b BI. or from anyone else 1 choose. Either
way. I"11 make the policy payable to you.
3 Recording fee S li I dori t keep it insured or pay premiums on time. you can pay them
4 Optional credit lice _ for me or cancel the policy and get insurance elsewhere. If you do.
insurance S _ purchase such insurance elsewhere. you can. select insurance which
h Optional credit disability protects only your interest in the collateral or which protects my
, interest and your interest. and in either case !will pay for any
insurance Z -
S premiums you- advance with interest computed at an ANNUAL
6 Stamptax ~ PERCENTAGE RATEof1t3%
7 Other charges (explain)
Right to prepay loan. I can prepay the entire balance of my loan at
S ' arty time. If t do. you will refund a portion of the FINANCE
8 Property insurance IshowDremwmd t~nanced rtuougn bsnkl CHARGE figured by the sum-of-the-digits method la commonly
A Flood insurance S used formula for fi unn refunds on instalment loans ~riff~'~fiiti!
v• r v• f~tfs ~ta;'rS;':'t'11X
didi~cYu~:`stl~ 6~i.:~ ~df ~t4~C. tbfel`~' r
forT_ months. , , -
y(ia4•l ~ ~kX ~ ~xQQy r ,,tt~~ part of the
B Physical damage investigation fe~~o~~ir?~•o~`iin~r~~:00:'~
insurance S
for months. - _ Late payments. If I haven't paid an instalment within 10 days of the
9 Amount financed 11 thru 81 - - - - - = - - - S ~ date iYs due. I'll pay a late charge equal to 5% of the overdue
10 FINANCE CHARGE S instalment. but not more than S5.
made up of:
A. Interest S - ` ~ Collection costs. 1"11 pay any collection costs. including reasonable
- ' ~ - ~ ' - ' ' ' ' ' ' ' ' attorney's fees, if you take collection action.
B. lnvestigation fee .......E
t t Total of payments f9+ 101 S Entire balance due. If I don't pay an instalment on time or if I break
ANNUAL PERCENTAGE RATE • 96 one of my promises under this agreement. you can require me to pay
~ NOTE: The total of appraisal fee. if any, lltem 21 and the investigation the entire balance of my loan (less the refund of FINANCE
fee Iltem 10-B) will not exceed 2% of Item 9. or 560.00 whichever CHARGE to which I would be entitled in the event of prepayment)
~s less at once without notifying me in advance. You can also do this if I:
Credit Insurance. I urxierstand that 1 don't have to take out credit life miss a payment on another debt I owe you: made misleading
insurance or credit disability insurance to qualify for this loan. But if 1 statements on my application: become involved in bankruptcy or
want. I 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
~rzsurance checked below for the term of this loan: Security. To protect-you if 1 tail to repay this loan. I give you as
O Credit life insurance on Borrower's lice 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. I also understand that this loan will
Joint credit life insurance on Borrower's life and that of Co- ~ secured only by the collateral described below regardless of any
Borro a f11 at the cost shown in item 4. securit rovisions that ma a y have with
y p y ppear in other loans I ma
Borrower' You.
Signature /8/ JAKES F. GARNER -
~ (date) '
Co Borrow~r
Signature (datel BL}. t~+•~!:;:.,:it i^ .•i3t •:~k 1~ j•8 32
- o',
Real Property. O of checked here) I am giving you a separate cecor~lR~ in T 1L`I i ~ r 3COtl'~ ~ r: ~ t. r ;~C I a
Cross out one) ~ Mortgage
Agreement Not to Encumber or Transfer Property C OUi1ty, i~tOttda
;o secure this loan on property boated at: N
o, -
N
tAddess or encumbered property) v
You have already given me the required Notice of Right of Rescission. c
understand this means I have three 131 business days to change my ~
mind and cancel this loan. 1 understand that you will start charging
me rnterest on 19 _
_ _ _ W
Additional agreements and provisions on rwerse side. I have read N
the additional agreements and provisions on the reverse side of this
v
agreement and I understand and agree to them.
? tt this box is checked, is signing this agreement only
to give you a valid security interest 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 conditions covering my loan.- If any part of either of them i unenforceable, the remaining parts will remain valid. I"ve
read t s agreement and acknowledge that a fully completed ' i 'was furnished to irie bafvre 1 signed it.
/S/ J GARNER (seaq /s/ CAROLYN (seal)
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