HomeMy WebLinkAbout1585 ;_s Southeast Bank Consumer loan Note and security Agreement (C~~pp~.)f
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+tta Southeast First Nartonai Bg~nle of Ft. Pierce
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r;,-e words 1. ms and my mean the borrower artd anyone else who signs. he words you and your re er to the outheast ank
•,;rown above. _
gurrower's Name Gloria B. Hines ~lddrass 2209 Ave M Ft Pierce Fa. 33450 Oatg/25/80
T>>~s is the agreement that covers my loan with you. (understand that anyone who signs this ay:erment will be legally responsible
icogether and individually) for repaying the total amount owed. unless they are only signing to give you a valid security interest.
Promise to pay. To rg ay r~ty loan. I promise to pay you the total of payments shown to Item 1 1 below in 120.00 monthly
instalments of S lj~'6u each. l'll begin making payments on Sept. 25, 19 80 and v„ill
continua to. pay on the same day each month until the loan is paid in full. I'll make payments in person or by marl at the office
you specify.
Here's s breakdown of my loan: Property Insurance. 1 will keep the property securing this loan
2 Amount 1 received S 7 •500.00 insured against foss o? damage ' .?ndNrstand that t may purchase this
2 Appraisal fee S ria insurance through you. to whrch case the cost and term will appear in
{For Real Estate Loans only) the loan breakdown {8 A b 131 or from anyone else 1 choose Etcher
na ~vay. 1'tl make the policy payable to you.
3 Recording tee S If I don't keep tt insured Or pay premtums on time. you can pay them
4 Optional credit life for me Or cancel the policy and get insurance elsewhere. If you do
insurance S 1,220.40 purchase such insurance elsewhere. you can select insurance whrch
5 Optional credit disability protects only your interest in the collateral or whrch protects my
T1S tnterest and your tnterest. and to either Case 1 will pay for any
insurance S premtums you advance wteh tnterest computed at an ANNUAL
o Statnptax S 18.20 PERCENTAGE RATEof1894
7 Other charges (explain)
Right to prepay loan. I can prepay the entire balance of my loan at
S t1s any time. If 1 do. you will refund a portwn of the FINANCE
8 Property insurancelshowwemwmtr tut•rtc•d Mrotiytt 0•rik) CHARGE figured by the wm-of-the-digits mett+od (a commonly
A. Flood inwrance........ S tla used formula for figuring refunds on instalment loansl.yi?~QC}~,
for months-- But you •won't refund any part of t
B. Physical damage investigation tee -
insurance 5 na '
for months. late payments. If I haven t paid an instalment within 10 days of. the
9 Amount financed 11 thru 81 S 8,]33.60 date it's due. I'll pay a late charge equal to 5% of the overdue
t 0 FINANCE CHARGE $ 7.538.40 instalment. but not mars than S5.
made up of: 7.488.40 Collection costs. 1'11 pay any collection costs. including reasonable
A. Interest S
• B. Investigation tee S 50.00 attorneys tees. if you take collection action.
t t Total of oayments 19? 10) S 16, 272.00 Entire balance due. If 1 don't
ANNUAL PERCENTAGE-RATE 14_00 96 pay an instalment on time or it 1 break
one of my promises under this agreement. you can require me to pay
~ N OTE: The total of appraisal fee. if any. (Item 2) and the investigation the entire balance of my loan (less the refund of FINANCE
`ee (Item 10-B) will not exceed 2% of ltem 9. or S50.00 whichever CHARGE to which 1 would be entitled in the event of prepayment)
~s less at once without noti
Eying me in advance. You can also do this if 1:
i Credit Insurance. I understand that 1 don't have to take out credit life miss a payment on another debt 1 owe you: made misleading
,nsurance or credit disability insurance to qualify for this loan. But if 1 statements on my application: become involved in bankruptcy or
~•+ant. I can purchase this insurance through you. purchase it from insolvency proceedings; or die.
someone else I choose, or assign an existing policy- 1 want the
insurance checked below for the term of this loan: Security. To protect you if 1 tail to repay this loan. 1 give you as
='i`ce t:redit life inwrance on Borrower's life abne 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.
~.redit disability insurance on Borrower alone at the cost shown in additions or equipment attached to it which 1 own. plus any proceeds.
,•em return premiums and rebates hom any credit inwrance or insurance
on the property securing this loan. I also understand that this loan will
Jomt credit life inwrance on Borrower's life and that of Co- be secured only by the collateral described below regardless of any
Borrower (1) at the cost shown in item 4.
/ security provisions that may appear in other loans t may have with
B:~rrower'S /~~C~~~'L~ ~i~C.t~ You.
Signature L ~
Gloria B. Hines 1 ate( _ First Pfort8g8e
Co-Borrower 111
s,;,nature Lot 22, Block K. Haruwny Rits. Addition, as per
(date) s.e,.e,.c cs se a., n, ~
Real Property. O (if checked here) I am ivin records of St.~Lueie County, Florida.
g g you a separate
Cross out one) ~ Mortgage
Agreement Not to Encumber or Transfer Property
sNr_ure this loan on property located at: H
a
(addr•sf of encumbered oroo.riyl
*"ou have alrea lush me the r °
dy g squired Notice of Right of Rescission. ~
~,nderstand this means 1 have *hree 131 business days to change my ~
m,,.~ and cancel this loan. I understand that you will start charging
~N ~n'Prgst on 19 'o
_ o
Add~ttnnal agreements and provisions on reverse side. 1 have read
additional agreements and provisions on the reverse side of this ~
::~?ement and I understand and agree to them. j
I f chts boz is checked. is signing this agreement only h
~ ' ~ ;we you a valid security interest and will have n0 personal legal responsibility on the loan
? 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 is unenforceable. the remaining parts will remain valid. I've
rears this agreement and arknowledge that a fully completed copy of it was furnished to me before I signed it.
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(seep (seal)
G lorida B. Hines I
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