HomeMy WebLinkAbout0038 Souk lsanlc Consumetc Lair Note i~f1M Security Agreement s'r4eie~
' .}Y~n`s ~ i~~,t !EMPLOYE 'S ONkY1 ~AEV,yt =
' SOUTHEAST First hlatienal Ranh
ref =.~.pi~llxe
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The words rite and my mean the borrower and anyone else who signs. The words you and your refer to the Southeast tanr
shown above
Borrower'SNameMlchaei P, b Julia McMahon Address 4i2 Midvale St Prt St t_ttcie Date gi22 8
This is the agreement that covers my loan with you. !understand that anyone who signs this agreement will be legallyrespons~.~~/
1 co ether and individually) fo? repa in the total amount owed unless they are only lignin to give you a valid security intere~
Promise to pay. To repay my loan. 1 promise to pay you the total of p~yments shown rn Item 1.1 below rn _ _ ,n..,na.. r
instalments of S_1.30.,,$~_each 1'11 begin making payments on Nov_. 2 ~ .19 SD ar:.. w•:
r~~ianue :o ~~ay on the same day each month until the loan .s paid rn full. 1'It make payments +n person or by marl at th 7°•
you specify. -
Here's a breakdown of my loan: Preferential Interest Rate Agreement. 1 understand that r
t Amount I rece+ved S --6+000.00 charged interest on this loan at a bwer ANNUAL PERCH "7 eats
2 Appraisal fee_ S RATE than normal because I am an employee of a ,~r
3 Record+ng tee . S _..~1s1 affil+ate In consideratwn of such rate. I understand and ay ..rs ..,ir
4 Opr+onal credit rite .tor any reason my employment terminates or this loan is aswmr•rf b1
+nsurance $ 294.41 a third paity if the collateral is subject to assumption, the ANNUAL
PERCENTAGE RATE will be increased to the standard ate they.
5 Optional credit disability charged to non-employee customers for the same type of loan. In no
insurance . S nt+a event shall the ANNUAL PERCENTAGE RATE exceed 18%. 1
6 Stamp tax S 9.60 understand that the additional FINANCE CHARGE will be added
7 Other charges (explain) to each monthly payment.
Oisclowre required if this ban is secured by real property. The
S n~a monthly payment would increase by g if the
ANNUAL PERCENTAGE RATE were immediately increased by
8 Property inwrance 0.25%. I further understand that this increase is only hypothetical and
IShow txemrum rl
iu+anted through ~erik? an estimate. and is based upon the number of sehedubd' periodic
A. Flood inwrance S ~/a payments and original amount financed disclosed to me in the other
for months. loan documents. _ '
Right to prepay loan. I can prepay the entire balance of my ban at
8. Physical damage any time. If 1 do, you will refund airy unearned FINANCL
insurance S n~a CHARGE figured by the wm-ot-the-digits method - a commonly
for months. used formula for figuring refunds on instalment loans, But you won't
9 Amount financed I t thru 8) S 6,304 _ Ol .refund any part of the investigation fee.
Late payments. If t haven't paid an instalment within 10da~s of the
10. FINANCE CHARGE S i ,$46.99 date it's due. l'll pay a late charge equal to 5% of the overdue
instalment. but not more than S5.
made up of: ~ 540.14
Interest S ~ ~ Security. To protect y+a, if 1 fail to repay this loan. f give you as
Invest+gation fee S collateral a "security interest" under the Florida Uniform Commercial
SJi ~ Code in the fo!IOwing propw•ty along with any replacement parts.
t t . Total of payments 19? 10) S ' 9.00 additions or equipment attached to it which I own, plus any proceeds.
ANNUAL PERCENTAGE RATE 96 .return premiums and rebates from any credit insurance financed in
this agreement arid .from any property insurance on the property
Credit Insursnq. 1 understand that 1 don't have to take out credit life securing this loan. 1 also understand that this loan will be secured
insurance Or credit disability insurance to qualify for this ban. But if I only by the collateral described bebw regardless of any security
want. 1 can purchase this inwrance through you, purchase it from provisions that may appear in other loans 1 may have with you:
someone else I choose. or assign an existing policy. I want the LI)t 9, B10ck 481, Port St. Lucie, Section 26,
insurance checked bek~vr for the term of this loan:
~ Credit life insurance on Borrower's life akxte at the cost shown in
item a. according to the plat thereof as recorded
? Credit disability insurance on Borrower akxie at the cost shown in
item 5. in Plat Book i4, Pages 4A through 4C of the
D Joint credit life inwrance on Borrower's life and that of Co-
8orrowe? (1 t t shown in item a. Public records of St. tt?cie County, Florida.
8o.rowe: s~ c
Signature ~ 10/2/80
' ~ Idata)
Co-Borrower 111
Signature
(date)
Real Property. O lif checked here) 1 am giving you a separate
( Mortgage
!Cross out oriel {Agreement Not to Encumber a Transfer Property
to secure this loan on property located at:
tAddress d encumbered property!
You have already given me the requred Notice of Right of Rescission.
! understand this means t have three f3f business days to change my -
mrnd and cancel this loan. I understand that you will start charging
n,e interest on . 19
Additional agreements and provisions on reverse side. I have read
the additional agreements and provisions on the reverse side of this
agreerr ant and 1 understand and agree to them.
C.I I(the box is checked. is siginng this agreement only
~ t~ give you a valid security interest and will have no personal legal respons~bihty on the loan.
I understand that this agreement, and if checked above. a document encumbering real property. contain "all the terms and
conditions Bring my loan. If any part of either of them is unenforceable, the remaining parts will remain valid. I've reed this
agre nt a acknowledge that a f y completed copy of it was furnished to me before 1 signed i600X~ P~
t 6 V'~V
Mi c a e P . Mc on Iseall a MCMa on ~seaq
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