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Home My WebLink About1589 `\\111 J`. s~'.~- _ • Y t ~ ~ . .fi - Southeast bank Consumer loan Note and Security Agreement ,IIr\,`` Southeast First National Bank of Ft.Pierca Fla Iwn...u.r The words me and my mean the borrower and anyone ulss who srgna he words you and your ra e< to the outheaat ank shown above. - eorrower'sNams Charles H. ~ Larue• Hedge Address 4210 Carsisoa Lane, Ft.pierce, FaDate 8/25/80 This is the agreement that covers my loan with you 1 underttanA that anyone who signs tars agreement will h! !~?t;atly responsible i Together and indlvldually) for repaying the total amount owetf. unless they are only srgttrng t4 give you a valid security rntarest. Promise to pay. To repay my loan. 1 promise to pay you the total of payments shown rn Item 1 1 below rn monthly instalments of S 361.43 each. I'll begin making payments on _SSFt~25,.. t 3 80 and will continue to pay on the same day each month until the loan rs paid rn lull t'll make paymenta .n person or by marl at the office ;ou specify. $20,000.00 Credit Life Prem. $1,050.00 M era's s breskdown of my loan: Property Insurance. 1 w\11 keep the property secur\ng this loan t Amount (received - • S ~..5 .83 \nwrerl age\nst loss or dar+~ar;e I urtlerttarM 'hat 1 -nay purchase th\s Appraisal fee 5 na ~rl•.ur,tnce through you. ~n w?~~Ch ta5a the COSt dr\d te1rT W\il dppedr rn (For Real Estate loans only) the loan breakdown r8 A b 8r or from anyone ~~se 1 choose E\the? IIa way. 111 make the policy payable to you 3 Recording fee ~ • • S If 1 don't keep ~t mwred or pay premiums on ems tiou can p,ay them 4 Optional credit life for me or cancel the policy and get rnsurance e:sewherrr ll you do rnsurance S n8 purchase such rnwrsncs elsewhere. you can select rnwrance which 5 Optional credit disability Protects only your interest rn the collateral which protects my IIa interest and your rntarest. and rn either Cass 1 w\ll pat for any rnsurance . S premiums you advance with rntarest computed at an ANNUAL 6 Stamp tax - - • S 29.40 PERCENTAGE RATE of t8%. 7 Other charges (explain) Right to prepay loan. I can prepay tM enure ba?arrce of my loan at S tti8 any time If I do. you wrN refund s portion of the FINANCE 8 Property inwrance lsr\owaerriumir Rnsnc.a rlro\r8h bank) CHARGE figured by the win-of•the-digits method la epmmpnly A Flood inwrance S t~ used formwa for fi ring refunds on instalment loans( for months. But you won't refund any part of the B Physical damage investigation fees nA insurance for months. Lets payments. If 1 haven't paid an instalment within 10 days of the 9 Amount financed I1 thru 8) S 79574-23 date its due. I'll pay a late charge equal to 5% of~M overdue t 0 FINANCE CHARGE ..................E 10,J85.89 instalment. but not more than Sfi. made up of: A _ 735 _ 89 Collection costs. I'll pay any collection costs. including reasonable A. Interest . S, attorney's fees. if you take collection action. * f3. Investigation fss S 50_00 1 1 Total of payments 19? 1O) S 3Q~360_ 12 Entire balance dun. If I don't pay an instalment on dins a if 1 break ANNUAL PERCENTAGE RATE 13 ~0 % one of my promises under this agreement, you can require ms to pay NOTE: Ths total of appraisal tee, if any, (Item 21 and the irnestigation the entire balance of my loan (less the refund of FINANCE fee Iltem 10.6) will not exceed 2% of Item 9, or S50.00 whichever CHARGE to which I would be entitled in the event of prepayments .s less- ' at once without notifying me in advance. You can also do this if 1: Credit Irrwrsnes. 1 understand that 1 don't have to take out credit Iris miss a payment on another debt 1 owe you: made misleading rnsurance d< credit disability insurance to qualify for this loan. Hut if 1 statements on my application: become involved in bankruptcy or II want. I can purchase this inwrance through you. purchase it from insolvency proceedings: or ilia. someone else I choose. pr assign an existing policy. I want the' rnsurance checked below for the term of this loan: Security. To protect you if I fail to repay this loan, I give you as ~ Credit life inwrance on Borrower's life alone at the cost shown in collateral a "security interest' under the Florida Unitorm Commercial item 4. Code in the folbwing 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 inwrsna or inwrance on the property securing this loan. I also understand that this loan will Joint cr~ed(it life insurantc,.e~hon Borro~ewer's Irfe and that of Co- be secured only by the collateral described below regardless Of ant Cre°~~~r Li oo~[U, r tJl? prCm. $1,050.00 security provisions that may appear in other loans 1 may haw with Borrower' 8/25/80 You. Signature Charles H. e e (dace) - First Mortgage: West 116 feet of the North co-Borrower 111 79.66 feet of the South 398.30 feet feet of the signature (date) East 132 feet of the West 198 -Feet of the East 330 feet of theNE~ of the SW~ of the SW~ of Real Property. O (if checked here( l am giving you a separate _ $eCtioti 34 iII Township 35 South, Ratuae 40 East4 ;cross out oriel {Mortgage Zhe said propetty is otherwise deaeribed as = Agreement Not to Encumber or Transfer Property lot 3 acCOrdiIIg to the unrecorded pls.., tmade by to secure this loan on property located at: J.W,Whitice, County Surveyor, St. Ludt tMouIIty~ y Florida,aCertificate X758 IAddrHS or encumb~nd plopaty) p You have already given me the required Notice of Right of Rescission c t understand this means i have Three 131 business days to change my ~ m+nd and cancel this loan. I understand that you will start charging 0 . 19 • me rnteteSt On ri Additional s reemsnts and provisions on reverse side. 1 have read she addrtiona~ agreements and provisions on the reverse side of this a;reement and I understand and agree to them. J is signing this agreement only 1° If this box is checked. to give you a valid security interest and will have no personal legal responsibility on the Loan 1 understand that this agreement, and if checked above, a document encumbering real property, contain all the terms and condrtrons covering my loan. If any part of either of them is unenforceable. the remaining parts will remain valid. I've read this. gr ant and acknowledge that a fully completed copy of it was furnished to me before I signed~it. ` ~ ~ f IK~~ PJIGE~tJOU tseall (seal) ue a ge Charles H. H ge (seal) _ ~4~_ (seal)