HomeMy WebLinkAbout1734 Southeast. ~Iftk Consumer Loan Note and Security Agreement (t6f9~6pWi.~Y C+
,
' southeast ~ Firat National Beak of Ft.~ierce - - ' • ~ `pa
. - twrrr~aul
Tne words , me and my meant mower a anyone e.ss w signs. w s you s Your re er to t a east ank
shown above. _ _ _ ~ -
Borrowei s Nams $~tg¢ge god ~ Shai1F P Fos Address 7e-
-~7
S- Ztx~ian River Dr.. Ft.Pia~ite 9/9/80
This is the agreement that covers my loan with you. 1 understand that anyone who signs this agreement will be legally responsible
{together and individually) for repaying the total amount owed. unless they are only~??sig~ing to give you a valid security interest.
T - ~ 1~ ~3C~
Promise to pay. To repay my loan; l promise to pay you the total of payments shown in Item 11 below in .~20 monthly
instalments of ~ 256.57 Qach.1'11 begin making payments on Oct. 4 , . 19_$.4..____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 s breakdown of my loan: ~ ~ Property Irtwrance. 1 will keep the property securing this loan
1 Amount I received ! S - ~ • insured against loss or damage. I understand that 1 may purchase this
~ Appraisal fee S IIS insurance through you, in which case the cost and term wilt appear in
{For Real Estate loans oMy) the ban breakdown 18 A ~ 8). or hom anyone else 1 choose. Either
way. I'll make the policy payabN to you.
3. Recording fee S t~ It t don't keep it inwrad w pay Rremiums on time. you can pay them
4. Optional credit life for me or cancel the policy and get insurance elsewhere. If you do
~nsurancs • • • • • - - • • • S 1,500.00 ~f- purchase wch inwrancs elsewhere. You can select inwrsnce which
protects only your interest in the collateral or which protects my
5 Optional credit disability interest and your interest. and in either case 1 wrll pay for any
insurance ~ premiums you advance with interest computed at an ANNUAL
6 Statnp tax S 24.90 PERCENTAGE RATEof18%.
7 Other charges (explain)
Right to prepay ban. 1 an preRSy the entire balance of mY loan at
ts8 any time. If 1 do. you will refund a portion of the FINANCE
t3. Property insurance (atwww«niumd fM+a+t~d drou9t+ t»nkl CHARGE figured by 1hs sum-Of-the-digits method Ia commonly
A. Flood inwrance S t~ used formula for trguring refunds on instalment losns?
for months. d
But you won't refund any part of the
B- Physical damage investigation fee.
insurance S t18
for months. Late payment. If 1 haven
t paid an instalment within 70 days of the
9 Amount i~nanced it thru 8) S 16,524.90 dace it's due. I'll pay s bte charge egwl to 5% of the overdue
0. t:INANCE CHARGE S 14,,3_50 instalment, but not moro than S5.
made up of: Collection costs. I'll
A. Interest S 14..213 _ 50 till anY collection costs. including reasonable
50_ 00 attorney's tees. if you talcs collection action.
+ B. Investigation tee S
1 1. Total of payments (9i-10) • • - • • • - • . - • • - • - S 30.788 _40 Entire balance dw. if 1 don't pay an instalment on time or if 1 break
E,ftlyd[iAL PERCENTAGE RATE 14-~ 96 one of my promises under this agreement, you can require ms to pay _
* NOTE: The total of appraisal fee, it any, (Item 2) and the investigation the entire balance of my loan (less the refund of FINANCE
i fee 4ttem 10-8) wiN not exceed 2% of Item 9, or 550.00 whichever CHARGE to which I would be entitled in the event of prepayment)
is less at once without nOtiiyirg me in advance. You. can also do this if 1:
Credit Irtwrartce. I understand that 1 don't have to take out credit life miss a payment on another debt 1 oMre you: made misleading
insurance or credit disability insurance to qualify for this loan. But if I statements on my appligtion: become irwohred in bankruptcy or
If want. {can purchase this inwrance through you, purchase it from insolvency proceedings; or die.
i someone else 1 choose. or assign an existing policy. l want the
insurance checked below for the term of this ban: Security. To protect you if I fail to repay this town. 1 giw you as
~~Credit life irtt~~c~r~~ n~~ee
on Borrq~(er3~r~e alone at t ¢ cost shown in collateral a"'security interest" under tM Florida Uniform Commercial
item 4. l,Stltl.t1U for '10,000.00 era~it life Ina. Code in the following property along with any replacement parts.
? Credit disability irtwrance on 6orrower_alons at the cost shown in additions or equipment attached to it which 1 own, plus any proceeds.
item 5. .R return premiums and rebates from any uadit bsuranr~ or inwrsnce
4 ~ on the Property securing this ktan. I also understand that this ban vvJl
? Joint credit fife insurance on Borrower's tiie and that of Co- ~ secured only by the collateral described below regardless of any
Borrower I t l at the cost shown in item 4. security provisions that may appear in other bans 1 may haw with
Bornow es 9/9/80 I.ot 9, of Olmstead Place Subdivision, alt- par fat
~ tlgeria L.Fos (date) rher.nf r e•erded ~r Plst
Re°lc Pjg~ ~+bliC t
co-Borrower (t? Records. of St. Lucie County, Florida, together with
Signature
Idatel - ale rt ram ~n
ri its [~hRrw n snn~r i n1 ~+g j~e ~
Real Pro Commencing at the intersection of South line of ~o'
party, O lif checked here) I am giving you a separate t3Of
icross out one) i M~gags recorded in Plat Book 4, page 64, Public reeords~o,,
Agreement Not to Encumber Or Transfer Property St T•+nia nn+,nt?'o 41nr~A~ !s>}~.+ aiid 13~ ~a
'v secure this loan on property bested at:
eatettded w~eat) frith the intersection of tba Heats
tAddrss a.~wmw.w ixoo«tyl lr°-
You have already given me the required Notice of Right of Rescission. lhenee rtna i+iest on this extetsd>.d South line of sii~
:understand this means t have three 131 business days to change my t~~ rn rho vast 1 ~nr~ of ri+~ ~±f ~ ~ ~'p~z=
~ ~e~
mind and cancel this loan. 1 understand that you will start charging 12, totinship 3b Soutb, R~sn$a 40 East thstsce run No~
~,e interest on , .19
Additional sgraemants and provisions on reverse side. l have read ~Df the said..lot 9, said Notch line is eX.L.e~
! n~ add?tional agreements and provisions on the reverse side of this )the
;-Bement and 1 understand and agree to them.
0 of ~t
If this box is checked. way ~~t p~~g ~gt da East
! to give you a valid security interest and will have n0 personal legal r i
right;
!understand that this agreement, and if checked above, a dotli'~nbfRYed~iMb6M~r?~~1>''~~ t~1MX ~~AB~rt;° the
and conditions covering my loan. If any part of either of them is unenforceable. the romsinirt0 parts will remain valid. I've(over)
a ~d this a reement and acknowledge that a fully completed copy of it was fished to me fore I signed it.
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_ (seal) r (seal)
Euge a L. Foss OR She a P. Foz
_ _~__-.BOOK PAGE (seal) (seats