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Southesu dank Consumer Loan Note and Security Agreement (cam ~
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Southeast
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The words . me a rrey marl the rower a anyone who signs. M wor s you an your re er to t st ark
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shown above. _ _ - - ~ ~ . .
Borrower s Nams Nilbwc J. b Barbara 3. 3chwtt$er Address 5508 Short St. , Pt. Pierce, Fa Date g/g/aQ
This is the agreement that coven my loan with you. I understand that anyone who signs this agreement will be legally responsible
(together and individually) for repaying the total amount owed. unless they are only signing to give you s valid security interest.
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Promise to pay. Toro _ aY arty loan, l promise to pay you the total of payments shownin em 11 below in 1 monthly
~nstalr~ients of S. 1~• 64 each. i'N begin making payments on ~t • g ~ - . 1~~- end will
cant+nue to pay oil 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.
N er•'s a breakdown of my ban: Property Insurance. 1 will keep the properly securing this loan
1 Amount I received S 8j000.00 insured against loss a damage. 1 understand that 1 may purchase flue
2 Appraisal fee S t>a insurance through you. in which case the Cost and term will appear in
(For Rsal Estate loans onh? the k?an breakdown IS A & B?. or from anyone ebe 1 choose. Either
way. I'll make the polby payable to you.
3 4ecord+ng tee S lu If I don't keep it insured or pay premiumk on time, you can pay them_
4 Optional credit lih /or me or cancel tM pdicy and get insurance elsewhere. If you do
insurance . t 1,301.76 purchase such insurance elsewhere. you can select insursrtce which
5 Optional Credit disability tWOteCts ~ Y'~r interest in the collates! or which protects my
. interest and your interest. and in either case 1 will pay for arty
inwrance S eta premiums you advents with interest computed st an ANNUAL
6 Stamptax t 14.10 pERCENTAGE RATEof1894
7 Ocher charges (explain) -
Right mprepay loan. I can prepay the entiro balance of my ban at
s na any tints. If 1 do, you will refund a portion of the FINANCE
8 Property insurance lst+o+.or.n~wmif t+Mneed ttwoupt+ wok! CHARGE figured by the sum-of-the-digits method la commonly
A Flood insusrce S ne used formula for ri re I
foi months. But you won't refund any pert of the
B. Physical damage investigation fee.
insurance ~ S to
for months. ~ late payments. If 1 haven't paid an instalment within. ti0 days of the
~ Amount financed tt thnr 8) S 9.315.85 dace iYs due. 1'll pay a late charge equal to 5% of the overdue
t 0 FINANCE CHARGE S 8,040.94 instalment. but not more than Sf3.
made up of: Collection poets. I'll pay arty collection costs. including reasonable
A. Interest S 7 , 990 • ~ attorney"s' fees. if you take collection action.
• B. Investigation fee S ~ 1? .356.80
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1 t Total of payments 19? 10? • • . • - - • • - . Entire balance dw. If I•don't pay an instalment on time or if 1 break
ANNUAL PERCENTAGE RATE _ _ 14.00 96 one of my promises under this agreement. you can require me to pay
NOTE: Tha tots! of appraisal tee. if any. (Item 2? end the investigation the entire balance of my loan (less the retard of FINANCE
fee (~cem 10-BI wiN not exceed 2% of Item 9, or :60.00 whichever CHARGE to which 1 woukf be entitled in the event of prepayment)
•s less at once without notifying me in advance. You can also do this if 1:
Credit Insurance.) understand that 1 don't have to take out credit life miss a payment on another. debt 1 owe you: made miabading
.nsurance or credit disability insurance to qualify for thia loan. But if 1 statements on my spplicatiott: become involved in bankruptcy or
want. I can purchase this insurance through you, purchase it from insolvency proceedings; w die.
someone else I chcwee. or assign an existing policy. I want the
nsurance checked below for the term of this ben: Security. To protect you if I fail to repay this ben, 1 giw you as
k~redit life insurance on Borrowers life akxte at the cost shown in Collateral a "security interest" order the Florida Uniform Commercial
item 4. Code in the folbwirtg property along with any replacentertt parts.
Credit disability inwrancs on Borrower shoe at the cost shown in additions or equipment attached to it which 1 own. plus any proceeds.
item 5. return promiums and rebates from any usdit atsusnce or insurance
~ on the property securing this loah. t also understand that this loan wilt
C Joint credit life irtsntrance on Borrower's life end that of Co- ~ only by the coNateral described bebw regardless of any
8orrowar (1? at the cost in item 4. security provisions that may appear in other bans I may hew with
Borrowers ~
S~gnaturs 9/~~~----
Nilbtar 5cliWSnB (date) Secoted Ktg. ~e South half of Lot 37 atad _ all of
eo-ecxrower lt1 lot 38 , Oratage Grave Pasic, a aubdivisian in
Signature
Idats? aectioa 9 , towahiv 36 South >fsnste 40 8aat L aces
itig to a plat thereof recorded in Plat Book 5, Pig
fuel Property. O lif checked Karel I am giving You a separate 46 of the Public Records of 5t. Lucie Cotm~_
iCross out ores) { Morlgsgs Florida
Agreement Not to Encumber or Transfer Property
secure this {pan on property bcatsd at: ~
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(lldAnss oe.~arme.r.a wavra)
~'ou have already given ms the required Notice of Right of Rescission. ,
~ndsrstand this mesrts I have three 13? business days to change my ~ ~
m:,d and cancel this loan. l understand that you will starl charging ~ _ I
^~e interest on 19 °o
Additional agreements and provisions on rwerse side. f have read
^.e add~rional agrNments and provisions on the reverse :ids of this
?~~eement and I under red and agree to them.
I f jh~s box is Checked. is signing this agreement ooh
:,;va you a valid security intertst and will have rto personal legal responsibility on the loan.
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! understand that this agreement, and if checked above, a document encumbering real property. contain all the terms
end conditions covering my loan. If any part of either of them is unenforceable. the re inin parts~wiN remain valid.l've
read this .agreement acknowledge that a fully completed copy a¢ ~ as fumiahed o m bef e 1 signed it.
1 ' Iseaq ~ (seal)
T~tilbur J. Schwenger ~~~~Q PA~E~~~ Barbara S. Schtaetager ~ a
cJJ~tJJVV wall (:sell