HomeMy WebLinkAbout1161 , Sow ~anlr i- Consumer Loan Note and Security Agreef~lent (~uq~dcl~
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~~~~~,Southeast ~ First~itational Bank of Ft.Piarca - - .
. - (AIh1.ia1 F~•
The wor , me and ml? mean the borrower and anyone a sf w stgns. a you a yow n K to t e east snk
shown above. _ _ - . ,
Borrower's Name Paul L. b Sharleen B. lhotttas _Address 208~N. 29th St. , Ft.pieree, Fa Oat• oig/80
This is the agreement that covers my loan with you. 1 understand that anyone who signs this agreement will be legacy responsible
(together end individwtlyl for repaying the total amount owed. unless they are only signing to give you a va{id security interest.
Promise to pay. To repay my loan.! promise to pay you the total of payments shown in Item 11 below in 120 monthly
+nstalments Oft 180.80 - _ _each.l'11 begin making payments on Aet_ 9 ~ , 19___8~___and will
continue to pay on the same day each month until the ban is paid in full. I'll make payments in person or by mail at the office
you specify.
H era's a brNkdown of my loan: Property Irtsuren~e. I will keep the property securing. this loan
t Amount I received S 10 • ~ • ~ insured against Toss or damage. 1 understand that 1 may purchase this
2 Appraisal fee S tt~ inwrance through you. in which case the cost and term will appear in
IFor Rsal Estate Loans amyl the ben breakdown l8 A di BI. a horn anyone else I choose. Either
way. I'N make the policy payable to yau.
3 Recording fee _ ttta - If 1 don't keep it inwrod or pay Premiums on time. You can pay them
4 Optional credit lih - for me or cancel the policy end get insurance elsewhere. If you do
inwrsnce S 1,627.20 ' purchase such inwrsrtce Nsewhsre. you can select insurance which
5. Optional uedit disabiliry Protects only your interest in the collateral or which protects my
inwrance S na interest and your interest. and in either case t will pay br any
6 Statnptsx 17.55 premiums you advance with interest computed at sn ANNUAL '
S PERCENTAGE RATEot18li~
7. Other charges (explain)
Right to prepay ban. I carrprepay the entire balance of my ben at
S ttt~ any time. N 1 do. you wiN refund s portion of the FINANCE
8 Property inwrancetlMWMprMnRptl%Iirwne~dtlrouph•b+l~nk) CHARGE figured try the sum-ot•the-digits method la commo~nly/~
A. Flood insurance......... S ~ used fom+ula for refunds on instalment IoansL~QO l
for months. ~
B. Physical damage But ou won't refund any part of -the
investigation tee ~ .
inwrance S ~
for months. Late payments. If 1 haven't paid an instalment within 1 O days of the
9. Amount financed I1 thru 8) . S 11,644.75 date it's due. I'll pay a late charge egwl to 5% of the overdue
10. FINANCE CHARGE S 10,051.25 instalment, but not more than S5.
made up of: Collection costs. I'll any collection costs, includi
A. Interest S 10,001.25 wY ng rsasonabb
+ B. Investigation fee S 50.0.0 attorney's fees. if you take collection action.
t t Total of payments 18+ 101 • • S 21.696.00 • Entire balance dw. If 1 don't pay an instalment on time a if I break
ANNUAL PERCENTAGE RATE 1~?•00 % one of my promises under this agreement, you can require nle to pay
~ NOTE: The total of sppraaN fee, if any, hbm 21 and the investigation the entire balance of my ban Ness the refund of FINANCE
`ee !Item 10-8) wiN not exceed 2% of Item 9, or:50.00 whichever CHARGE to which 1 would be entitled in the event of prepayment)
+s less. at once without notifying me in advance. You can also does if I:
.^.redit Insurance. 1 understand that I don't have to take out credit life miss a payment on snothe? debt 1 owe you: made m' ailing
+nsurance or credit disability inwrance to gwlify for this ban. But if 1 statements on my application; become involved in bankruptcy or
E want. 1 can purchase this insclrsnq through you. purchase it from insolvency proceedings; or die.
someone else 1 choose. or assign an existing policy. 1 want the
! +nsurancs checked bNow for the term of this ben: Security. To protect you if I fail to repay this loan, t giw you as
~ Credit life irauranq on Borrower
s lih sbns at the wst shown in collateral a "security intarasY' under the Fbrida Uniform Commercial
item 4. Cods in the /oll
owing property abng with any replacement parts.
E O Credit disabiliar irlsurancs on Borrower sbM at the cost shown in - additions or equipment attached to it which 1 own, plus any proceeds,
f item 5. return premiums and rebates from any pedit insurance or insurance
on the property securing this ban. l also understand that this ban will
C Joint credit life insurance on Borrower's lih that of Co- ~ ~y by the collateral described bsbw rdless of a
~ Borrower 111 at the cost shown in item 4. ~ nY
security provisions that may appear in other bans 1 may have with
Borrower's 9/9/80 You.
S+gnature (date) Second Mtg. Lot S, and West 6 feet of vacated al]
co-Borrower t1)paul L. Thomas
signature , ra rt on as reco n
(date! p~~ trecords of St,Ltt?ciet County, Florida, _
acco tag to p t reo on at Boni
Real Property. O (if checked hers) 1 sm giving you s separate 8, Page 45, together Mich the ittoprovettttmts
a
i Cross out or»l { Mortg~ s ereop.
Agreement Not to Encumber a Transfer Property
co secure this ben on property bested at: N
a
I tAddr~lL Ot /fICIplltl~rb a~~ •
£ You have already given ms the required Notice of Right of Rescission. -
F !understand this means 1 have three 131 business days to change my ~
r-,~nd and canCN this ban. I understand that you will start charging
r^e +merest on 19 0
Additional ag?esmems and provisions on rwerse side. 1 have read s
~ :he additional agreements and provisions on the reverse side of this a
! agreement and 1 understand and agree to them.
r
~.i I f this box is Checked, is signing this agreement only
~o grve you a valid security interest and wiN have no personal legal responsibility on the ban.
understand that this agreement, and if checked above, a document encumbering real property, jcontain all the temn
and conditions covering my loan. If any ~ rt of either of them is unenforceable, the remaining pans will remain valid. I've
read this agreement and acknowledge at s fully completed copy of it was furnished to me belfo~re-t signed it.
(seal) ~ (seal?
Paul L. otttas ~ ar Ben cafes
- (seal) t~tMJ P~~cR/--- r,'-'~~
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