HomeMy WebLinkAbout1563 Southeast Bank Consumer Loan Note and Security Agreement
•rir,• _
'
,r., Southeast Firct iVatinnal Bank ef,~Fert Pierce ~ .Fla.
tArn4at~? '
The words 1, me and my mean the borrower and anyone else who Signs. The words you and your re er to the outheast Bank
shown above '
Sorrower'sNartte Charles N, and Mary L, lord Address 7502 Roberts Rd Ft Pierce oatelp~7~gp
Tl,ry rS life ayreemertt that covers my loan with you 1 understand that anyone who signs this agreement will be legally responsible
r ~yether anti rndrvrdually) for repaying the total amount owed, unless they are only signing to grve you a valid security interest.
~romisa !o pay. To r~u.iv ,Irv loan. I t)rornrSd •O rtaV yvu the •oWl ur cravrngntS yhowrt m Item 1 1 b?IOW rn monthly
tun?:as vi $ 2~~ _ ~g ~eactt I :1 bayut makrny pavm,3nts on _ - t 9
astd will
-,~<nnue to pay on the, same day each month until the loan rs paid in full 1-tl make payments rn person or by marl at the offrcl3
.u Spei,fy -
He?e's abreakdown of my loan: Property Insurance. 1 wJl keep the propert; :ecurlnq th,c loan
' •\-•1 '..n? I r~,.~~~•~d $ _ 4;60~,-pQ - r'~,urr,~1 ;t'~:~~:~Si IOSS of dJma~te 1 urn}drsidntl ihdi (tnay 4,:'~hJiC :~tS
2 App,a,sal fee insurance through you. in whrch case the cost and term wru appear in
S ----nl~-----
IFor Real Estate Loans only) the loan breakdown A & Bl. or from anyone else t choose Either
way. Ill make the policy payable to you
3 Recording fee S -D~__~. 1! I don't k9rp rt insured or pay premiums on time. you car. pay them
1 Optiunat credit life for me or cancel the policy and get ursurance elsewhere tf you do
insurance S ~ purchase such rnsurance elsewhere. you can select Insurance which
5 Optrunai credit d~sabilrty protects only your Interest rn the collateral or whrch protects my
rnsurance S n~d Interest and your interest. and rn either case 1 will pay for any
6 Stamp tax S 7 _05 (rremrtims you advance with interest computed at an. ANNUAL
PERCENTAGE RATE of 189s,.
7 Other charges (explain) _
Right to prepay loan. 1 can prepay the entire balance of my loan at
S n/d any time If I do. you will refund a portion of the FINANCE
8 Property msurance'Snuwurernnlmd 6n,aKat thrrwgh h,ucU CHARGE trgured by the sum-of-the-digits method Ie commonly
A Flood rnsurance s n/a used Iormula for figuring refunds on instalment loans). But you won't
for_ months refund any part of the processing fees (item 1061.
B Physical damage _
Insurance S _ ~~d Late payments. If 1 haven't paid an instalment within 10 days of the
for months date rt~5 due. I'll pay a late charge equal to 5% of the overdue
9 Amount financed I1 thru 8) $ 4.6p7 .p5 instalment, but not more than S5. This Charge will not apply to loans
10 FINANCE CHARGE 5 727.67 over 550,000. -
made up of: - -
A Interest 677.67 Collection costs. 1'11 pay any collection costs, including reasonable
B Prepaid S at+orney~s fees. rf you take collection action
FINANCE CHARGES -.SQ..11Qi_ (Processing Feel
1 t Total of payments 19? 101 S ~ Entire balance due. If I don't pay an instalment on time O? rf 1 break
ANNUAL PERCENTAGE RATE ~4~50--°16 one of my promises under this agreement. you can require me to pay
NOTE: Items 2 through 8 above are expenses the Bank must pay to the entire balance of my loan (less the refund of FINANCE
third parties. CHARGE to which 1 would be entitled in the event of prepayment)
at once without notifying me in advance You can also do this d
Credit Insurance. 1 understand that I don't have to take out credit Ilfe miss a payment on another debt 1 owe you. made misleading
insurance or credit drsabdrty rnsurance to qualify for this loan But rf I sratemenrs on my application- become involved m bankruptcy or
want 1 can purchase this rnsurance through you. purchase rt from insolvency nroceedrnys. or dIe
someone else I choose or assign an existing policy 1 want the -
;assurance Checked below for the term of this loan Security. To protect you if 1 fail to repay this loan. I grve you as
Credit (rte rnsurance on Borrower s life alone at the cost shown rn cot;ateral a secrtrrty Interest'- under the Florida Uniform Commercial
item 4 (Maximum allowable term is 10 years). Corte In the following property along with any replacement parts.
i
Credit drsabi6ty inwranCe on Borrower (First named below) at the additions or egwpment attached to it whrch I own. plus any proceeds.
cost shown in item 5 (Maximum allowable term is 5 years) return premiums and rebates from any credit rnwrance or_rnsurance
on the property securing this loan 1 also understand that this loan will
Joint credit life insurance on Borrower and Co•Borrower's Ilfe at he secltred only by the collateral described below regardless of any
the cost shown in„rtem 4 security provisions that may appear m other bans I may have with
Borrowers you
S:gnature ~
Idatel first Mortgage on Real Estate described as
Co-Borrower's
Signature Idatel Follows : Lot 13, Block 15, Lake Stood Park, m
a
Real Property. O Irf checked here) 1 am giving you a separate Unit 2, as per plat thereof on file in Plat J
Cross out oriel {Mortgage
Agreement Not to Encumber or Transfer Property Book 10, page 56, Of the PUbI iC Records of
secure this loan on property located at ~
m
St. Lucie County, Florida Q
iAMkocc pl vnr_umY7?r.d yrOperryr
a
i ;u have already given me the regwred Notice of Right of Rescission om
nrierstand this means I have three 131 business days to change my _ _ _ s
r r,*i and cancel this loan I understand that you wdl start chargingmo
-,P ~rrre?est on - 19 - ~ ~
Additional agreements and provisions on reverse side. 1 have read ~
a1lrtrtional agreements and proVlsrons on the reverse side of this J
- ;raement and f understand and agree to them a
I+ _ If th15 hr)r Ig checked. rs signing this agreement only
t ro give you a valid security Interest and will have no personal legal responsibllrty on the loan
I understand that this agreement, and if checked above, a document encumbering real property. contain all the terms
rnd conditions covering my loan If any part of either of them rs unenforceable. the remaining parts will remain valid. I've
read this _ Bement and a n wl ge that a fully completed copy of tt was turni ~ tom me before I signed rt. .
rtar~es ~Or - Isean I ary or Isean
BUOK DICE
- - - - Isean ~ tsea!1